<SEC-DOCUMENT>0000818972-21-000005.txt : 20211124
<SEC-HEADER>0000818972-21-000005.hdr.sgml : 20211124
<ACCEPTANCE-DATETIME>20211124075524
ACCESSION NUMBER:		0000818972-21-000005
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20210930
FILED AS OF DATE:		20211124
DATE AS OF CHANGE:		20211124
EFFECTIVENESS DATE:		20211124

FILER:

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

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05245
		FILM NUMBER:		211441270

	BUSINESS ADDRESS:	
		STREET 1:		C/O BNY MELLON INVESTMENT ADVISER, INC.
		STREET 2:		240 GREENWICH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10286
		BUSINESS PHONE:		2129226400

	MAIL ADDRESS:	
		STREET 1:		C/O BNY MELLON INVESTMENT ADVISER, INC.
		STREET 2:		240 GREENWICH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10286

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DREYFUS STRATEGIC MUNICIPALS, INC.
		DATE OF NAME CHANGE:	20181030

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DREYFUS STRATEGIC MUNICIPALS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>lp1-853.htm
<DESCRIPTION>ANNUAL REPORT
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">FORM N-CSR</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT<BR>
INVESTMENT COMPANIES</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Investment Company Act file number</FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">811-<FONT STYLE="letter-spacing: -0.1pt">05245</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">BNY Mellon Strategic Municipals, Inc. </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Exact name of Registrant as specified in charter)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">c/o BNY Mellon Investment Adviser, Inc.</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">240 Greenwich Street</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">New York, New York 10286</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip code)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Deirdre Cunnane, Esq.</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">240 Greenwich Street</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">New York, New York 10286</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">(Name and address of agent for service)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Registrant's telephone number, including area code:&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">(212) 922-6400</FONT></TD></TR>
  <TR>
    <TD COLSPAN="5" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date of fiscal year end:</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">09/30</FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Date of reporting period:</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">09/30/2021</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>FORM N-CSR</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 1. &#9;Reports to Stockholders.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Include-Text; File: c0853bnyme%2Dseptember30202116.htm; Date: 2021%2D11%2D23T12:18:42; Size: 0x0010F243 -->
<!-- PAGEBREAK_END -->
<p style="font-size:24.0pt; font-family:Serif; font-style:normal; text-align:center; color:#292526; font-weight:normal;
text-decoration:none;">BNY Mellon Strategic Municipals, Inc.</p><table cellspacing="0" style="border-collapse:collapse"
width="57%" cellpadding="2" align="center" style="clear:both"><tr style="font-size:1pt;"><td style="width:100%;"
>&nbsp;</td></tr><tr><td style="vertical-align:middle; background-color:#CCCCCC; font-size:1pt;"><p style="font-size:16.0pt;
font-family:Arial; text-align:center; color:#000000; font-weight:bold; text-decoration:none;">ANNUAL
REPORT</p><p style="font-size:16.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:normal;
text-decoration:none;">September 30, 2021</p></td></tr></table><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:10.0pt; font-family:Serif; text-align:right;
font-weight:normal; font-style:normal;"><img src="img_37af79bac1044.jpg" ></p></td></tr></table>
<!-- PAGEBREAK_START -->


<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="82%" cellpadding="2" align="center" style="clear:both"><tr
style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
border-left:0.5pt; border-left-style:solid; border-left-color:#000000; border-right:0.5pt; border-right-style:solid;
border-right-color:#000000; font-size:1pt;"><p style="font-size:9.5pt; font-family:Serif; font-style:normal;
text-align:center; font-weight:bold; text-decoration:none;">BNY Mellon Strategic Municipals, Inc.</p><p
style="font-size:9.5pt; font-family:Serif; text-align:center; font-weight:bold; font-style:normal;"><font
style="font-size:9.5pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Protecting
Your Privacy</font><br><font style="font-size:9.5pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Our Pledge to You</font></p><p style="font-size:9.5pt; font-family:Bembo; text-align:justify;
font-weight:normal; margin-left:5.75pt; font-style:normal;"><font style="font-size:9.5pt; font-family:Bembo;
font-style:normal; font-weight:bold; text-decoration:none;">THE FUND IS COMMITTED TO YOUR PRIVACY.</font><font
style="font-size:9.5pt; font-family:Bembo; font-style:normal; font-weight:normal; text-decoration:none;">
On this page, you will find the fund&#8217;s policies and practices for collecting, disclosing, and safeguarding
&#8220;nonpublic personal information,&#8221; which may include financial or other customer information. These
policies apply to individuals who purchase fund shares for personal, family, or household purposes, or
have done so in the past. This notification replaces all previous statements of the fund&#8217;s consumer
privacy policy, and may be amended at any time. We&#8217;ll keep you informed of changes as required by law.</font></p><p
style="font-size:9.5pt; font-family:Bembo; text-align:justify; font-weight:normal; margin-left:5.75pt;
font-style:normal;"><font style="font-size:9.5pt; font-family:Bembo; font-style:normal; font-weight:bold;
text-decoration:none;">YOUR ACCOUNT IS PROVIDED IN A SECURE ENVIRONMENT.</font><font style="font-size:9.5pt;
font-family:Bembo; font-style:normal; font-weight:normal; text-decoration:none;"> The fund maintains
physical, electronic and procedural safeguards that comply with federal regulations to guard nonpublic
personal information. The fund&#8217;s agents and service providers have limited access to customer information
based on their role in servicing your account.</font></p><p style="font-size:9.5pt; font-family:Bembo;
text-align:justify; font-weight:normal; margin-left:5.75pt; font-style:normal;"><font style="font-size:9.5pt;
font-family:Bembo; font-style:normal; font-weight:bold; text-decoration:none;">THE FUND COLLECTS INFORMATION
IN ORDER TO SERVICE AND ADMINISTER YOUR ACCOUNT. </font><font style="font-size:9.5pt; font-family:Bembo;
font-style:normal; font-weight:normal; text-decoration:none;">The fund collects a variety of nonpublic
personal information, which may include:</font></p><p style="font-size:9.5pt; font-family:Bembo; text-align:justify;
text-indent:-13.7pt; font-weight:normal; margin-left:19.7pt; text-decoration:none;"><font>&#8226;</font><font
style="word-spacing:7.85pt;">&#160;</font><font style="font-size:9.5pt; font-family:Bembo; font-style:normal;
font-weight:normal; text-decoration:none;">Information we receive from you, such as your name, address,
and social security number.</font></p><p style="font-size:9.5pt; font-family:Bembo; text-align:justify;
text-indent:-13.7pt; font-weight:normal; margin-left:19.7pt; text-decoration:none;"><font>&#8226;</font><font
style="word-spacing:7.85pt;">&#160;</font><font style="font-size:9.5pt; font-family:Bembo; font-style:normal;
font-weight:normal; text-decoration:none;">Information about your transactions with us, such as the purchase
or sale of fund shares.</font></p><p style="font-size:9.5pt; font-family:Bembo; text-align:justify; text-indent:-13.7pt;
font-weight:normal; margin-left:19.7pt; text-decoration:none;"><font>&#8226;</font><font style="word-spacing:7.85pt;">&#160;</font><font
style="font-size:9.5pt; font-family:Bembo; font-style:normal; font-weight:normal; text-decoration:none;">Information
we receive from agents and service providers, such as proxy voting information.</font></p><p style="font-size:9.5pt;
font-family:Bembo; text-align:left; font-weight:bold; margin-left:5.75pt; text-decoration:none;">THE
FUND DOES NOT SHARE NONPUBLIC PERSONAL INFORMATION WITH ANYONE, EXCEPT AS PERMITTED BY LAW.</p><p style="font-size:9.5pt;
font-family:Bembo; text-align:left; font-weight:bold; margin-left:5.75pt; text-decoration:none; font-style:italic;">Thank
you for this opportunity to serve you.</p></td></tr></table><table cellspacing="0" style="border-collapse:collapse"
width="77%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:100%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">The views expressed in this report reflect
those of the portfolio manager(s) only through the end of the period covered and do not necessarily represent
the views of BNY Mellon Investment Adviser, Inc. or any other person in the BNY Mellon Investment Adviser,
Inc. organization. Any such views are subject to change at any time based upon market or other conditions
and BNY Mellon Investment Adviser, Inc. disclaims any responsibility to update such views. These views
may not be relied on as investment advice and, because investment decisions for a fund in the BNY Mellon
Family of Funds are based on numerous factors, may not be relied on as an indication of trading intent
on behalf of any fund in the BNY Mellon Family of Funds.</p></td></tr><tr><td style="vertical-align:top;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:1pt; border-top-style:solid; border-top-color:#000000; border-left:1pt; border-left-style:solid;
border-left-color:#000000; border-right:1pt; border-right-style:solid; border-right-color:#000000;"><p
style="font-size:9.5pt; font-family:Serif; font-style:normal; text-align:center; font-weight:normal;
text-decoration:none;">Not FDIC-Insured &#8226; Not Bank-Guaranteed &#8226; May Lose Value</p></td></tr></table>
<!-- PAGEBREAK_START -->


<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:28.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:108.0pt;
text-decoration:none;">Contents</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:left; font-weight:normal; margin-left:108.0pt; text-decoration:none;">THE  FUND</p><div
style="border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000; margin-bottom:12pt;
padding:0pt 0pt 1pt 0pt;"><div style="font-size:1.0pt; font-family:Serif; font-style:normal; text-align:left;
font-weight:normal;"></div></div><table cellspacing="0" style="border-collapse:collapse" width="100%"
cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td style="width:77.67%;" >&nbsp;</td><td
style="width:22.33%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.5pt;
font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt; font-style:normal;"><a href="#1"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Discussion
of Fund Performance</font></a></p></td><td style="vertical-align:bottom;"><p style="font-size:10.5pt;
font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><a href="#1"><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">2</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#2"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Fund Performance </font><br><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">   and Distribution
Information</font></a></p></td><td style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif;
text-align:right; font-weight:normal; font-style:normal;"><a href="#2"><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">5</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#3"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Selected Information</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#3"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">7</font></a></p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt;
font-style:normal;"><a href="#4"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Statement of Investments</font></a></p></td><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><a href="#4"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">8</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#5"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Statement of Assets and Liabilities</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#5"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">29</font></a></p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt;
font-style:normal;"><a href="#6"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Statement of Operations</font></a></p></td><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><a href="#6"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">30</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#7"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Statement of Cash Flows</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#7"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">31</font></a></p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt;
font-style:normal;"><a href="#8"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Statement of Changes in Net Assets</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#8"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">32</font></a></p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt;
font-style:normal;"><a href="#9"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Financial Highlights</font></a></p></td><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><a href="#9"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">33</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#10"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Notes to Financial Statements</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#10"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">35</font></a></p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt;
font-style:normal;"><a href="#11"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Report of Independent Registered</font><br><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">     Public Accounting
Firm</font></a></p></td><td style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif;
text-align:right; font-weight:normal; font-style:normal;"><a href="#11"><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">44</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#12"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Additional Information</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#12"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">45</font></a></p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt;
font-style:normal;"><a href="#13"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Important Tax Information</font></a></p></td><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><a href="#13"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">59</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#14"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Proxy Results</font></a></p></td><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><a href="#14"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">60</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#15"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Information About the Approval of</font><br><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
  the Fund&#8217;s Management Agreement</font><br><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">   and the Approval of the </font><br><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">   Sub-Investment Advisory
Agreement</font></a></p></td><td style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif;
text-align:right; font-weight:normal; font-style:normal;"><a href="#15"><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">61</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#16"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Board Members Information</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#16"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">64</font></a></p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal; margin-left:108.0pt;
font-style:normal;"><a href="#17"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Officers of the Fund</font></a></p></td><td style="vertical-align:bottom;"><p
style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><a href="#17"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">67</font></a></p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:108.0pt; font-style:normal;"><a href="#18"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Officers and Directors</font></a></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.5pt; font-family:Serif; text-align:right; font-weight:normal;
font-style:normal;"><a href="#18"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">69</font></a></p></td></tr></table><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:left; font-weight:normal; margin-left:108.0pt; text-decoration:none;">FOR  MORE  INFORMATION </p><div style="border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
margin-top:12pt; margin-bottom:12pt; padding:0pt 0pt 1pt 0pt;"><div style="font-size:1.0pt; font-family:Serif;
font-style:normal; text-align:left; font-weight:normal;"><font style="word-spacing:1.0pt;">&#160;</font></div></div><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; margin-left:108.0pt;
text-decoration:none;">Back Cover</p><table cellspacing="0" style="border-collapse:collapse" width="77%"
cellpadding="2" align="center" style="clear:both"><tr style="font-size:1pt;"><td style="width:100%;"
>&nbsp;</td></tr><tr><td style="vertical-align:top; border-bottom:2.25pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:2.25pt; border-top-style:solid; border-top-color:#000000;"><p
style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:bold;
text-decoration:none;">Save time. Save paper. View your next shareholder report online as soon as it&#8217;s
available. Log into www.im.bnymellon.com and sign up for eCommunications. It&#8217;s simple and only takes
a few minutes.</p></td></tr></table>
<!-- PAGEBREAK_START -->


<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">DISCUSSION
OF FUND PERFORMANCE</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="1"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; text-decoration:none;
font-style:italic;">For the period from October 1, 2020 through September 30, 2021, as provided by Daniel
Rabasco and Jeffrey Burger, Primary Portfolio Managers</p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; text-decoration:none;">Market and Fund Performance Overview</p><p
style="font-size:10.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">For
the 12-month period ended September 30, 2021, BNY Mellon Strategic Municipals, Inc. produced a total
return of 9.22% on a net-asset-value basis and 10.29% on a market price basis.</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"><sup>1</sup></font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
Over the same period, the fund provided aggregate income dividends of $0.42 per share, which reflects
a distribution rate of 4.83%.</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"><sup>2</sup></font></p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Municipal bonds rose
during the reporting period as the market benefited from a continuing economic recovery and robust demand.
Strong tax revenues and credit fundamentals also supported performance.</p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">The Fund&#8217;s Investment
Approach</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The fund&#8217;s investment objective is to maximize current income exempt from federal
income tax to the extent consistent with the preservation of capital. Under normal market conditions,
the fund invests at least 80% of its net assets in municipal obligations. Generally, the fund invests
at least 50% of its net assets in municipal bonds considered investment grade or the unrated equivalent
as determined by BNY Mellon Investment Adviser, Inc. in the case of bonds, and in the two highest rating
categories or the unrated equivalent as determined by BNY Mellon Investment Adviser, Inc. in the case
of short-term obligations having or deemed to have maturities of less than one year. </p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">To
this end, portfolio construction focuses on income opportunities, through analysis of each bond&#8217;s structure,
including close attention to each bond&#8217;s yield, maturity and early redemption features. When making
new investments, we focus on identifying undervalued sectors and securities, and we minimize reliance
on interest-rate forecasting. We select municipal bonds based on fundamental credit analysis to estimate
the relative value and attractiveness of various sectors and securities and to exploit pricing inefficiencies
in the municipal bond market. We actively trade among various sectors, such as escrowed, general obligation
and revenue, based on their apparent relative values. Leverage, which is utilized in the portfolio in
order to generate a higher level of current income exempt from regular federal income taxes, does amplify
the fund&#8217;s exposure to interest-rate movements, and potentially, gains or losses, especially those
among the longest maturities. The use of leverage had a positive impact on performance during the period.</p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Market
Benefits from Policy Support, Strong Fundamentals and Robust Inflows </p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">During
the reporting period, the market continued to benefit from policies put in place in response to the COVID-19
pandemic, including support from the Federal Reserve (the &#8220;Fed&#8221;). While the Fed made no notable changes
to monetary policy, early in the period it did commit to continuing its bond purchasing program. In the
second half of the period, the Fed adopted a more hawkish tone, however. </p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Robust
fiscal support also benefited the market. The $1.9 trillion American Rescue Plan extended unemployment
benefits, provided aid to schools and businesses and sent stimulus checks to families. That supported
the U.S. economy and also the municipal bond market. </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">2</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The election also increased the likelihood of income tax hikes for higher-income
households, adding to the appeal of tax-exempt municipal securities. The prospect of an increase in the
corporate tax rate made municipal bonds more appealing to institutional buyers, and low interest rates
overseas attracted foreign investors to the market.</p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Performance in the
Treasury market was generally poor as the market sold off midway through the reporting period, especially
at the long end of the curve. Performance in fixed-income risk markets, however, was stronger as the
approval of COVID-19 vaccines provided support. Both the investment-grade and high yield corporate segments
of the market posted positive returns. </p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">In the municipal bond market, performance
was also strong, supported especially by strong supply-and-demand factors. While supply surged prior
to the November 2020 election, it tapered off later in the year but has remained near the record supply
of last year. At the same time, flows into municipal bond mutual funds were strong, helped in part by
a surge in investor optimism resulting from the approval of COVID-19 vaccines. Credit conditions also
improved over the period, which resulted in spread tightening in the municipal market, with the revenue
segment outperforming the general obligation segment. </p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Volatility experienced
in the Treasury market also occurred in the municipal bond market, though to a lesser extent. Generally,
the municipal yield curve flattened during the period. </p><p style="font-size:10.0pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">Late in the reporting period, inflows slowed
somewhat, and the market experienced some uncertainty in response to political debates in Washington
D.C. regarding federal spending plans and the debt ceiling. The municipal bond market generally finished
the period relatively richly valued versus Treasuries</font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Security Selection Drove
Returns</p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The fund&#8217;s performance was helped primarily by favorable security selections.
Holdings in the education, hospital, senior living, special tax, tobacco and transportation segments
were especially beneficial. A position in uninsured Puerto Rico general obligation bonds also contributed
positively, as did Illinois general obligation bonds and New Jersey appropriation bonds. An overweight
position in revenue bonds was also somewhat beneficial, with hospital, senior living and tobacco bonds
performing best. The fund&#8217;s duration positioning also contributed positively to returns, especially
its holdings of bonds having intermediate to longer maturity dates.  </p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">On
a less positive note, the fund&#8217;s performance was hampered by certain positions in higher credit quality
revenue bonds. Specifically, bonds in the utilities and water &amp; sewer segment were detrimental, and
security selection in these segments also hindered returns. We permitted the fund&#8217;s leverage to modestly
decline during the period, and we did not employ derivatives.</p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; text-decoration:none;">Strong Fundamentals and Demand</p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Economic
fundamentals, as well as supply-and-demand factors, bode well for the municipal bond market. Issuers
generally have healthy fundamentals resulting from a recovering economy and strong tax revenues. They
have also benefitted from prior federal fiscal stimulus measures and should also benefit from a federal
infrastructure spending package that is likely to pass in the near term. Demand for municipal bonds is
likely to remain strong and investor support could increase if higher corporate and personal income tax
rates are legislated to pay for federal spending programs. </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">3</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">DISCUSSION
OF FUND PERFORMANCE</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font><font style="font-size:9.0pt; font-family:Arial; font-style:italic;
font-weight:normal; text-decoration:none;"> (continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">Inflation remains a risk, but with the healthy condition of the municipal bond
market, we anticipate it will outperform the Treasury market. Given the outlook for inflation and interest
rates, we have lowered the fund&#8217;s leverage modestly. We will continue to focus on identifying undervalued
credits in the lower investment grade category and, when warranted by fundamentals and valuations, also
purchase bonds in the sub-investment grade rating category in order to provide the fund additional yield
and excess total return potential. </p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">October 15, 2021</p><p style="font-size:8.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>1</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Total return includes reinvestment of dividends and any capital
gains paid, based upon net asset value per share or market price per share, as applicable. Past performance
is no guarantee of future results. Market price per share, net asset value per share and investment return
fluctuate. Income may be subject to state and local taxes, and some income may be subject to the federal
alternative minimum tax (AMT) for certain investors. Capital gains, if any, are fully taxable. Return
figures provided reflects the absorption of certain fund expenses by BNY Mellon Investment Adviser, Inc.
pursuant to an agreement in effect until November 30, 2021, at which time it may be extended, modified
or terminated. Had these expenses not been absorbed, the fund&#8217;s return would have been lower.</font></p><p
style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;"><sup>2</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Distribution
rate per share is based upon dividends per share paid from net investment income during the period, divided
by the market price per share at the end of the period, adjusted for any capital gain distributions.</font></p><p
style="font-size:8.0pt; font-family:Serif; text-align:left; font-weight:normal; text-decoration:none;
font-style:italic;">Bonds are subject generally to interest-rate, credit, liquidity and market risks,
to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate
changes, and rate increases can cause price declines. High yield bonds are subject to increased credit
risk and are considered speculative in terms of the issuer&#8217;s perceived ability to continue making interest
payments on a timely basis and to repay principal upon maturity. The use of leverage may magnify the
fund&#8217;s gains or losses. For derivatives with a leveraging component, adverse changes in the value or
level of the underlying asset can result in a loss that is much greater than the original investment
in the derivative.</p><p style="font-size:8.0pt; font-family:Serif; text-align:left; font-weight:normal;
text-decoration:none; font-style:italic;">Recent market risks include pandemic risks related to COVID-19.&#160;The
effects of COVID-19 have contributed to increased volatility in global markets and will likely affect
certain countries, companies, industries and market sectors more dramatically than others. To the extent
the fund may overweight its investments in certain countries, companies, industries or market sectors,
such positions will increase the fund&#8217;s exposure to risk of loss from adverse developments affecting
those countries, companies, industries or sectors.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">4</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">FUND
PERFORMANCE</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="2"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><p style="font-size:8.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><img src="img_c574fe7994064.jpg"
><font style="font-size:8.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"><br>
Comparison
of change in value of a $10,000 investment in BNY Mellon Strategic Municipals, Inc. with a hypothetical
investment of $10,000 in the Bloomberg U.S. Municipal Bond Index (the &#8220;Index&#8221;).</font></p><p style="font-size:8.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font><font>
</font><font style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Source: Lipper Inc.</font></p><p style="font-size:8.0pt; font-family:Serif;
text-align:left; font-weight:normal; text-decoration:none; font-style:italic;">Past performance is not
predictive of future performance. </p><p style="font-size:8.0pt; font-family:Serif; text-align:left;
font-weight:normal; text-decoration:none; font-style:italic;">The above graph compares a hypothetical
$10,000 investment made in BNY Mellon Strategic Municipals, Inc. on 9/30/11 to a hypothetical investment
of $10,000 made in the Index on that date. All figures for the fund are based on market price. All dividends
and capital gain distributions are reinvested.</p><p style="font-size:8.0pt; font-family:Serif; text-align:left;
font-weight:normal; text-decoration:none; font-style:italic;">The fund invests primarily in municipal
securities and its performance shown in the line graph takes into account fees and expenses. The Index
covers the U.S. dollar-denominated long-term tax-exempt bond market. Unlike a fund, the Index is not
subject to fees and other expenses. Investors cannot invest directly in any index. Further information
relating to fund performance, including expense reimbursements, if applicable, is contained in the Financial
Highlights within this report and elsewhere in this report.</p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td style="width:62.5%;" >&nbsp;</td><td
style="width:12.5%;" >&nbsp;</td><td style="width:12.5%;" >&nbsp;</td><td style="width:12.5%;" >&nbsp;</td></tr><tr><td
colspan="4" style=" vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#e5e5e5;"><p style="font-size:9.0pt; font-family:Arial; text-align:left; color:#141414;
text-indent:-10.8pt; font-weight:bold; margin-left:10.8pt; text-decoration:none;">Average Annual Total
Returns as of 9/30/2021</p></td></tr><tr><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#e5e5e5; font-size:1pt;"><p style="font-size:12.0pt; font-family:Serif;
font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">1
Year</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal;
text-decoration:none;">5 Years</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; font-weight:normal; text-decoration:none;">10 Years</p></td></tr><tr><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">BNY Mellon Strategic Municipals, Inc. - Market Value</p></td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#141414; font-weight:bold; text-decoration:none;">10.29%</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#141414; font-weight:bold; text-decoration:none;">4.01%</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#141414; font-weight:bold; text-decoration:none;">6.39%</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">BNY
Mellon Strategic Municipals, Inc. - Net Asset Value</p></td><td style="vertical-align:bottom; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#141414; font-weight:bold; text-decoration:none;">9.22%</p></td><td
style="vertical-align:bottom; background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; color:#141414; font-weight:bold; text-decoration:none;">4.55%</p></td><td style="vertical-align:bottom;
background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#141414;
font-weight:bold; text-decoration:none;">6.52%</p></td></tr><tr><td style="vertical-align:bottom; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Bloomberg U.S. Municipal Bond Index</p></td><td style="vertical-align:bottom;
background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#141414;
font-weight:bold; text-decoration:none;">2.63%</p></td><td style="vertical-align:bottom; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#141414; font-weight:bold; text-decoration:none;">3.26%</p></td><td
style="vertical-align:bottom; background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; color:#141414; font-weight:bold; text-decoration:none;">3.87%</p></td></tr></table><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; font-weight:bold; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">The
performance data quoted represents past performance, which is no guarantee of future results. Share price
and investment return fluctuate and an investor&#8217;s shares may be worth more or less than original cost
upon sale of the shares. All dividends and capital gain distributions are reinvested. Current performance
may be lower or higher than the performance quoted. Go to </font><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">www.im.bnymellon.com</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">
for the fund&#8217;s most recent month-end returns.</font></p><p style="font-size:8.0pt; font-family:Serif;
text-align:left; font-weight:normal; text-decoration:none; font-style:italic;">The fund&#8217;s performance
shown in the graph and table does not reflect the deduction of taxes that a shareholder would pay on
fund distributions or the sale of fund shares.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">5</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">FUND
PERFORMANCE</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(Unaudited) (continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:bold;
text-decoration:none;">DISTRIBUTION INFORMATION</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">The following information regarding the
fund&#8217;s distributions is current as of September 30, 2021, the fund&#8217;s fiscal year end. The fund&#8217;s
returns during the period were sufficient to meet fund distributions.&#160; </p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The
fund&#8217;s distribution policy is intended to provide shareholders with stable, but not guaranteed, cash
flow, independent of the amount or timing of income earned or capital gains realized by the fund. The
fund intends to distribute all or substantially all of its net investment income through its regular
monthly distribution and to distribute realized capital gains at least annually. In addition, in any
monthly period, in order to try to maintain a level distribution amount, the fund may pay out more or
less than its net investment income during the period. As a result, distributions sources may include
net investment income, realized gains and return of capital. You should not draw any conclusions about
the fund&#8217;s investment performance from the amount of the distribution or from the terms of the level
distribution program. A return of capital is a non-taxable distribution of a portion of a fund&#8217;s capital.
A return of capital distribution does not necessarily reflect a fund&#8217;s investment performance and should
not be confused with &#8220;yield&#8221; or &#8220;income.&#8221;&#160; </p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The amounts and sources
of distributions reported below are for financial reporting purposes and are not being provided for tax
reporting purposes. The actual amounts and character of the distributions for tax reporting purposes
will be reported to shareholders on Form&#160;1099-DIV,&#160;which will be sent to shareholders shortly after
calendar&#160;year-end.&#160;Because distribution source estimates are updated throughout the current fiscal
year based on the fund&#8217;s performance, those estimates may differ from both the tax information reported
to you in your fund&#8217;s 1099 statement, as well as the ultimate economic sources of distributions over
the life of your investment. The figures in the table below provide the sources of distributions and
may include amounts attributed to realized gains and/or returns of capital.&#160;</p><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td
style="width:16.25%;" >&nbsp;</td><td style="width:12.5%;" >&nbsp;</td><td style="width:11.25%;" >&nbsp;</td><td
style="width:11.25%;" >&nbsp;</td><td style="width:16.25%;" >&nbsp;</td><td style="width:12.5%;" >&nbsp;</td><td
style="width:10%;" >&nbsp;</td><td style="width:10%;" >&nbsp;</td></tr><tr><td colspan="8" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:9.0pt;
font-family:Arial; text-align:left; color:#141414; text-indent:-10.8pt; font-weight:bold; margin-left:10.8pt;
text-decoration:none;">Distributions</p></td></tr><tr><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#e5e5e5; font-size:1pt;" >&nbsp;</td><td
colspan="3" style=" vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; font-weight:normal;
text-decoration:none;">Current Month</font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
font-weight:normal; text-decoration:none;">Percentage of Distributions</font></p></td><td colspan="4"
style=" vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#e5e5e5;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; font-weight:normal;
text-decoration:none;">Fiscal Year Ended</font><br><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; font-weight:normal; text-decoration:none;">Per Share Amounts</font></p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5; font-size:1pt;"><p
style="font-size:12.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Net Investment Income</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Realized Gains</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Return of Capital</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Total Distributions</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Net Investment Income</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Realized Gains</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Return of Capital</p></td></tr><tr><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">BNY Mellon Strategic Municipals, Inc. </p></td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">100.00%</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">0.00%</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">0.00%</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">$0.42</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">$0.42</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">$0.00</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#e5e5e5;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#141414; font-weight:normal; text-decoration:none;">$0.00</p></td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">6</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">SELECTED
INFORMATION</p><p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">September
30, 2021 (Unaudited)</p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="3"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:8.75%;" >&nbsp;</td><td style="width:25%;" >&nbsp;</td><td style="width:23.75%;"
>&nbsp;</td><td style="width:21.25%;" >&nbsp;</td><td style="width:21.25%;" >&nbsp;</td></tr><tr><td
colspan="3" style=" vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Market Price per share
September 30, 2021</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:normal; text-decoration:none;">$8.70</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Shares Outstanding September 30, 2021</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal;
text-decoration:none;">62,276,212</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">New York Stock Exchange Ticker Symbol</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal;
text-decoration:none;">LEO</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">MARKET PRICE (NEW YORK
STOCK EXCHANGE)</p></td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:normal; text-decoration:none;">Fiscal
Year Ended September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:middle;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Quarter</p></td><td style="vertical-align:middle; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Quarter</p></td><td
style="vertical-align:middle; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Quarter</p></td><td style="vertical-align:middle; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Quarter</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Ended</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Ended</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Ended</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Ended</p></td></tr><tr><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">December 31, 2020</p></td><td
style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">March 31, 2021</p></td><td
style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">June 30, 2021</p></td><td
style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">September 30, 2021</p></td></tr><tr><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">High</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">$8.61</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">$8.83</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">$8.98</p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">$9.48
</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Low</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">  8.02</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">  8.30</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">  8.56</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">
 8.70</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Close</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">
 8.49</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">  8.54</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">  8.97</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">  8.70</p></td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">PERCENTAGE
GAIN (LOSS) </font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">based on change in Market Price</font><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font></p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">September
23, 1987 (commencement of operations) through September 30, 2021</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">754.74%</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">October 1, 2011 through
September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">85.78</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">October
1, 2016 through September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">21.74</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">October
1, 2020 through September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">10.29</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">January
1, 2021 through September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">6.22</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">April
1, 2021 through September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">4.31</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">July
1, 2021 through September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">(1.86)</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">NET
ASSET VALUE PER SHARE</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">September 23, 1987 (commencement of operations)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">$9.32</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">September 30, 2020</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; color:#000000; font-weight:normal; text-decoration:none;">8.37 </p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">December
31, 2020</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">8.66
</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">March 31, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">8.63
</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">June 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">8.89
</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">8.71
</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">PERCENTAGE GAIN (LOSS</font><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">) based on change in Net
Asset Value</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">September 23, 1987
(commencement of operations) through September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">818.08%</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">October
1, 2011 through September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">87.99
</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">October 1, 2016 through September 30, 2021</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">24.94 </p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">October 1, 2020 through
September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">9.22
</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">January 1, 2021 through September 30, 2021</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">4.26 </p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">April 1, 2021 through
September 30, 2021</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">3.35
</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">July 1, 2021 through September 30, 2021</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">(0.86) </p></td></tr></table><p style="font-size:8.0pt; font-family:Serif;
text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Total return includes reinvestment of dividends and any capital
gains paid.</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">7</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS</p><p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">September 30, 2021</p>
<!-- PAGEBREAK_END -->
<p style="font-size:1.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="4"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description
</p></td><td colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Maturity</p><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Date</p></td><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid;
border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal</p><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Amount
($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Bonds and Notes - .3% </p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Collateralized Municipal-Backed Securities - .3% </p></td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Arizona
Industrial Development Authority, Revenue Bonds, Ser. 2019-2</font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">(cost
$1,857,726)</font></p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.63</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5/20/2033</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,692,550</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">1,891,421</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid;
border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Long-Term Municipal Investments - 148.9%</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Alabama - 3.6% </p></td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Alabama Special Care Facilities Financing Authority, Revenue
Bonds (Methodist Home for the Aging Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.75</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6,285,953</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Jefferson County, Revenue Bonds, Refunding, Ser. F</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7.90</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>a</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,570,638</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">The Lower Alabama Gas District, Revenue Bonds, Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9/1/2046</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8,548,381</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">University of Alabama
at Birmingham, Revenue Bonds, Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,347,535</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">19,752,507</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Arizona
- 7.7% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds (Academics of Math &amp;
Science Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2054</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,275,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,451,821</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds (Cadence
Campus Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/15/2030</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">625,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">686,672</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds (Cadence
Campus Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/15/2040</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">925,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">996,050</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds (Legacy
Cares Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2051</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,096,705</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds (Legacy
Cares Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7.75</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,770,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,865,821</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds (Phoenix
Children's Hospital Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2/1/2050</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,726,066</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds, Refunding
(Basis Schools Projects) Ser. D</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2051</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">380,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">436,413</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">8</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Arizona - 7.7% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Arizona Industrial Development Authority, Revenue Bonds, Refunding
(Basis Schools Projects) Ser. D</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2047</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,035,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,191,683</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Glendale Industrial Development Authority, Revenue Bonds, Refunding
(Sun Health Services Obligated Group) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2054</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,145,500</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">La Paz County Industrial Development Authority, Revenue Bonds
(Harmony Public Schools) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2/15/2036</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,480,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,778,518</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Maricopa County Industrial Development Authority, Revenue Bonds
(Benjamin Franklin Charter School Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2052</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,559,566</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Maricopa County Industrial Development Authority, Revenue Bonds,
Refunding (Paradise Schools Projects Paragon Management)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2047</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,211,783</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Salt Verde Financial Corp., Revenue Bonds</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2037</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,377,600</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2018-XF2537), (Salt
Verde Financial Corporation, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.63</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2037</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,030,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,479,406</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">The Phoenix Industrial Development Authority, Revenue Bonds,
Refunding (BASIS Schools Projects) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2035</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,360,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,629,297</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">The Phoenix Industrial Development Authority, Revenue Bonds,
Refunding (BASIS Schools Projects) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2046</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,209,878</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">The Pima County Industrial Development Authority, Revenue Bonds
(American Leadership Academy Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/15/2047</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,067,784</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">41,910,563</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">California - 5.5% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">California Municipal
Finance Authority, Revenue Bonds, Refunding (William Jessup University)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8/1/2039</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,115,621</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">9</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">California - 5.5% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">California Statewide Communities Development Authority, Revenue
Bonds (Loma Linda University Medical Center Obligated Group)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2058</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,170,698</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Jefferson Union High School District, COP (Teacher &amp; Staff
Housing Project) (Insured; Build America Mutual)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8/1/2055</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,139,100</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">San Francisco City &amp; County Redevelopment Agency, Special
Tax Bonds, Refunding, Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8/1/2023</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,037,117</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tender Option Bond
Trust Receipts (Series 2016-XM0379), (Los Angeles Department of Water &amp; Power, Revenue Bonds, Refunding)
Non-recourse, Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.19</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2043</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,171,668</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0434), (The
Regents of the University of California, Revenue Bonds, Refunding) Recourse, Underlying Coupon Rate (%)
5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.18</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5/15/2038</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10,722,467</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2020-XF2876), (San
Francisco California City &amp; County Airport Commission, Revenue Bonds, Refunding, Ser. E) Recourse,
Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.81</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7,780,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9,376,780</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">29,733,451</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Colorado - 7.7% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Colorado Health Facilities
Authority, Revenue Bonds, Refunding (Covenant Living Communities &amp; Services Obligated Group) Ser.
A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,106,303</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Denver City &amp; County,
Revenue Bonds, Refunding (United Airlines Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2032</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,058,650</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Dominion Water &amp; Sanitation District, Revenue Bonds</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2046</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,560,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,680,084</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Hess Ranch Metropolitan
District No. 6, GO, Ser. A1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,173,549</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Rampart Range Metropolitan
District No. 5, Revenue Bonds</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2051</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>e</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,023,729</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Regional Transportation District, Revenue Bonds, Refunding
(Denver Transit Partners) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/15/2035</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,250,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,492,814</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">10</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Colorado - 7.7% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0385), (Board
of Governors of the Colorado State University, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%)
5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.16</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3/1/2038</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,643,945</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0433), (Colorado
Springs, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.14</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2043</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9,752,907</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10,589,481</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2020-XM0829), (Colorado
Health Facilities Authority, Revenue Bonds, Refunding (CommonSpirit Health Obligated Group, Ser. A1))
Recourse, Underlying Coupon Rate (%) 4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.18</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8/1/2044</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,440,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,993,113</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Vauxmont Metropolitan District, GO, Refunding (Insured; Assured
Guaranty Municipal Corp.)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.25</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/15/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">800,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">861,936</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">41,623,604</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Connecticut - 2.6% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Connecticut,
Revenue Bonds (Special Tax Obligation) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5/1/2040</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,267,299</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Connecticut, Revenue Bonds, Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5/1/2034</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,630,830</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Connecticut Health &amp; Educational Facilities Authority,
Revenue Bonds, Refunding (Trinity Health Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,952,287</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Connecticut Health &amp; Educational Facilities Authority,
Revenue Bonds, Refunding, Ser. S</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2051</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,349,392</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Connecticut Housing Finance Authority, Revenue Bonds, Refunding,
Ser. A1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.65</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/15/2032</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">610,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">639,935</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Harbor Point Infrastructure
Improvement District, Tax Allocation Bonds, Refunding (Harbor Point Project)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4/1/2039</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,008,747</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">13,848,490</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">District of Columbia - 4.3% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Metropolitan Washington
Airports Authority, Revenue Bonds, Refunding (Dulles Metrorail &amp; Capital Improvement Projects) Ser.
A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2039</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,229,576</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">11</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">District of Columbia - 4.3% (continued)</p></td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Metropolitan Washington
Airports Authority, Revenue Bonds, Refunding, Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2049</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,123,199</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0437), (District
of Columbia, Revenue Bonds) Recourse, Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.15</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2035</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">19,992,830</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">21,021,202</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">23,373,977</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Florida
- 7.7% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Alachua County Health Facilities Authority, Revenue Bonds (Shands Teaching Hospital
&amp; Clinics Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,625,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,861,470</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Atlantic Beach, Revenue
Bonds (Fleet Landing Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2053</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,392,960</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Capital Trust Agency, Revenue Bonds (WFCS Portfolio Projects)
Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2056</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">750,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">844,446</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Florida Development Finance Corp., Revenue Bonds (Miami Arts
Charter School Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/15/2044</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,693,609</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Greater Orlando Aviation Authority, Revenue Bonds, Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2044</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,278,765</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Miami-Dade County,
Revenue Bonds</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">0.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2045</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>f</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,400,473</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Palm Beach County Health Facilities Authority, Revenue Bonds
(ACTS Retirement-Life Communities Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,850,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,284,488</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Palm Beach County Health Facilities Authority, Revenue Bonds
(ACTS Retirement-Life Communities Obligated Group) Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2042</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">735,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">892,741</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Palm Beach County Health Facilities Authority, Revenue Bonds
(Lifespace Communities Obligated Group) Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5/15/2053</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,600,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,853,441</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Pinellas County Industrial Development Authority, Revenue Bonds
(Foundation for Global Understanding)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2029</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">900,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,006,933</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Seminole County Industrial Development Authority, Revenue Bonds,
Refunding (Legacy Pointe at UCF Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.75</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2054</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,795,115</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">12</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Florida - 7.7% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2019-XF0813), (Fort
Myers Florida Utility, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">14.40</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2049</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,435,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,897,324</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2019-XM0782), (Palm
Beach County Florida Health Facilities Authority, Revenue Bonds, Refunding (Baptist Health South Florida
Obligated Group)) Recourse, Underlying Coupon Rate (%) 4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">14.36</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8/15/2049</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,535,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6,275,179</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2020-XF2877), (Greater
Orlando Aviation Authority, Revenue Bonds, Ser. A) Recourse, Underlying Coupon Rate (%) 4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">14.29</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,685,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,283,754</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Village Community Development District No. 10, Special Assessment
Bonds</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5/1/2044</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">900,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">963,964</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">41,724,662</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Georgia - 5.3% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Atlanta
Water &amp; Wastewater, Revenue Bonds, Ser. D</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2028</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,460,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,582,103</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Georgia Municipal Electric Authority, Revenue Bonds, Refunding
(Plant Vogtle Units 3&amp;4 Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/1/2056</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,250,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,514,267</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0435), (Private
Colleges &amp; Universities Authority, Revenue Bonds, Refunding (Emory University)) Recourse, Underlying
Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.15</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2043</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10,821,384</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2019-XF2847), (Municipal
Electric Authority of Georgia, Revenue Bonds (Plant Vogtle Unis 3&amp;4 Project, Ser. A)) Recourse, Underlying
Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.97</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2056</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,600,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,286,134</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2020-XM0825), (Brookhaven
Development Authority, Revenue Bonds (Children's Healthcare of Atlanta, Ser. A)) Recourse, Underlying
Coupon Rate (%) 4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">15.65</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2044</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6,340,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,819,859</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">13</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Georgia - 5.3% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">The Burke County Development Authority, Revenue Bonds, Refunding
(Oglethorpe Power Corp.) Ser. D</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.13</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/1/2045</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,400,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,698,407</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">28,722,154</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Hawaii - .6% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Hawaii
Department of Budget &amp; Finance, Revenue Bonds, Refunding (Hawaiian Electric Co.)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3/1/2037</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,653,162</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Honolulu City &amp; County, GO, Ser. C</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2044</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,750,393</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">3,403,555</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Idaho
- .9% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Power County Industrial Development Corp., Revenue Bonds (FMC Corp. Project)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6.45</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8/1/2032</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">5,023,996</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Illinois
- 13.9% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Chicago Board of Education, GO, Refunding, Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2034</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,400,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,707,088</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Chicago Board of Education, GO, Ser. D</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2046</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,397,390</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Chicago Board of Education, GO, Ser. H</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,383,515</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Chicago II, GO, Refunding, Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/1/2038</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,679,967</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Chicago II, GO, Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/1/2044</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,763,876</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Chicago II, GO, Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/1/2049</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,218,440</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Chicago O'Hare International Airport, Revenue Bonds, Refunding,
Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2048</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,585,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,319,892</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Chicago Transit Authority,
Revenue Bonds, Refunding, Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,228,092</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Illinois, GO, Refunding, Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2029</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,100,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,351,228</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Illinois, GO, Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5/1/2038</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,900,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,611,657</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Illinois, GO, Ser. C</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2029</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,120,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,343,151</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Illinois, GO, Ser. D</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2028</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,825,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,417,132</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Illinois Finance Authority, Revenue Bonds, Refunding (Lutheran
Life Communities Obligated Group) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2040</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,750,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,956,957</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Illinois Toll Highway Authority, Revenue Bonds, Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2044</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,727,310</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Metropolitan Pier &amp;
Exposition Authority, Revenue Bonds (McCormick Place Expansion Project)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/15/2057</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,344,659</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">14</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Illinois - 13.9% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Metropolitan Pier &amp; Exposition Authority, Revenue Bonds
(McCormick Place Project) (Insured; National Public Finance Guarantee Corp.) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">0.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/15/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>f</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,750,630</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Metropolitan Pier &amp; Exposition Authority, Revenue Bonds,
Refunding (McCormick Place Expansion Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">0.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/15/2054</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">21,800,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>f</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,767,708</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Metropolitan Pier &amp; Exposition Authority, Revenue Bonds,
Refunding (McCormick Place Project) Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/15/2052</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,650,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,704,320</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Metropolitan Pier &amp; Exposition Authority, Revenue Bonds,
Refunding (McCormick Place Project) Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/15/2028</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,032,921</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Sales Tax Securitization Corp., Revenue Bonds, Refunding, Ser.
A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2038</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,332,026</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tender Option Bond
Trust Receipts (Series 2016-XM0378), (Greater Chicago Metropolitan Water Reclamation District, GO) Non-recourse,
Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.13</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2032</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,556,050</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2017-XM0492), (Illinois
Finance Authority, Revenue Bonds, Refunding (The University of Chicago)) Non-recourse, Underlying Coupon
Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.16</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2040</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">13,887,664</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">University of Illinois, Revenue Bonds (Auxiliary Facilities
System) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4/1/2044</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,101,407</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">75,583,080</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Indiana - 1.8% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Indiana
Finance Authority, Revenue Bonds (Green Bond) (RES Polyflow Indiana)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3/1/2039</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,175,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,859,803</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Indiana Finance Authority, Revenue Bonds (Ohio Valley Electric
Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2039</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,585,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,616,053</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Indiana Finance Authority,
Revenue Bonds (Ohio Valley Electric Project) Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2030</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,053,870</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Indiana Finance Authority, Revenue Bonds (Parkview Health System
Obligated Group) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/1/2043</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,226,100</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">9,755,826</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">15</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Iowa - 2.4% </p></td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Iowa Finance Authority, Revenue Bonds, Refunding (Iowa Fertilizer
Co. Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.25</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2025</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7,375,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,983,022</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Iowa Finance Authority,
Revenue Bonds, Refunding (Lifespace Communities Obligated Group) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5/15/2046</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,659,887</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Iowa Tobacco Settlement Authority, Revenue Bonds, Refunding,
Ser. A2</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,714,101</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Iowa Tobacco Settlement
Authority, Revenue Bonds, Refunding, Ser. B1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2049</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,707,148</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">13,064,158</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Kansas
- .1% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Kansas Development Finance Authority, Revenue Bonds, Ser. B</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2025</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">600,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">606,334</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Kentucky - .5% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Kentucky Public Energy Authority, Revenue Bonds, Ser. A1</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2025</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>g</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">2,787,617</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Louisiana - 3.2% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Louisiana
Local Government Environmental Facilities &amp; Community Development Authority, Revenue Bonds, Refunding
(Westlake Chemical Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.50</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/1/2032</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,100,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,420,746</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Louisiana Public Facilities
Authority, Revenue Bonds, Refunding (Tulane University)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4/1/2050</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,138,438</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2018-XF2584), (Louisiana
Public Facilities Authority, Revenue Bonds (Franciscan Missionaries of Our Lady Health System Project))
Non-recourse, Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.98</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2047</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10,755,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12,653,649</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">17,212,833</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Maryland
- 3.0% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Maryland Economic Development Corp., Tax Allocation Bonds (Port Covington Project)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,126,769</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Maryland Health &amp;
Higher Educational Facilities Authority, Revenue Bonds (Adventist Healthcare Obligated Group) Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.50</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2046</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,250,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,856,411</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">16</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Maryland - 3.0% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Maryland Health &amp; Higher Educational Facilities Authority,
Revenue Bonds, Refunding (Stevenson University Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2051</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,130,473</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0391), (Mayor
&amp; City Council of Baltimore, Revenue Bonds, Refunding (Water Projects)) Non-recourse, Underlying
Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.16</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2042</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9,926,969</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">16,040,622</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Massachusetts - 5.7% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Lowell Collegiate Charter
School, Revenue Bonds</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/15/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,750,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,874,452</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Massachusetts Development
Finance Agency, Revenue Bonds, Refunding (NewBridge Charles Obligated Group)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2057</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,084,748</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Massachusetts Development Finance Agency, Revenue Bonds, Refunding,
Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2025</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,400,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,617,820</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tender Option Bond
Trust Receipts (Series 2016-XM0389), (Massachusetts School Building Authority, Revenue Bonds) Non-recourse,
Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.16</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5/15/2043</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10,749,505</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2018-XF0610), (Massachusetts
Transportation Fund, Revenue Bonds (Rail Enhancement &amp; Accelerated Bridge Programs)) Non-recourse,
Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.46</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2047</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12,750,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">15,475,844</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">30,802,369</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Michigan - 5.8% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Detroit, GO, Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,305,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,781,980</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Great Lakes Water Authority
Sewage Disposal System, Revenue Bonds, Refunding, Ser. C</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,565,757</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Michigan Finance Authority, Revenue Bonds (Beaumont Health
Credit Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/1/2044</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,165,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,021,170</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Michigan Finance Authority,
Revenue Bonds, Refunding (Great Lakes Water Authority) (Insured; Assured Guaranty Municipal Corp.) Ser.
C3</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2031</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,243,684</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">17</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Michigan - 5.8% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Michigan Finance Authority, Revenue Bonds, Refunding (Insured;
National Public Finance Guarantee Corp.) Ser. D6</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,232,633</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Michigan Finance Authority, Revenue Bonds, Refunding, Ser.
A2</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2040</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,435,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,649,710</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Michigan Finance Authority,
Revenue Bonds, Refunding, Ser. D2</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2034</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,306,366</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2019-XF2837), (Michigan
State Finance Authority, Revenue Bonds (Henry Ford Health System)) Recourse, Underlying Coupon Rate (%)
4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">14.30</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/15/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,840,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,626,840</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">31,428,140</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Minnesota - .7% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Duluth Economic Development
Authority, Revenue Bonds, Refunding (Essentia Health Obligated Group) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2/15/2058</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">3,546,473</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Mississippi - 1.0% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Mississippi Development
Bank, Revenue Bonds, Refunding (Magnolia Regional Health Center Project) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2031</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">5,517,257</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Missouri - 3.3% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Kansas City Industrial
Development Authority, Revenue Bonds, Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3/1/2044</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,211,224</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">St. Louis County Industrial Development Authority, Revenue
Bonds (Friendship Village St. Louis Obligated Group) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.13</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9/1/2049</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,975,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,336,632</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">St. Louis County Industrial Development Authority, Revenue
Bonds (Friendship Village St. Louis Obligated Group) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.13</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9/1/2048</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,025,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,271,964</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">St. Louis Land Clearance for Redevelopment Authority, Revenue
Bonds</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.13</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2046</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,760,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,349,356</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">The Missouri Health
&amp; Educational Facilities Authority, Revenue Bonds (Mercy Health)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2050</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,290,250</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">18</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Missouri - 3.3% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">The St. Louis Missouri Industrial Development Authority, Tax
Allocation Bonds (St. Louis Innovation District Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.38</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5/15/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,547,313</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">18,006,739</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Multi-State
- .5% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Federal Home Loan Mortgage Corp. Multifamily Variable Rate Certificates, Revenue
Bonds, Ser. M048</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.15</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/15/2036</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,375,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">2,633,182</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Nevada - .9% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Clark
County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/15/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,776,683</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Reno, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal
Corp.)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2058</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,750,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,012,570</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">4,789,253</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">New Hampshire - .2% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New
Hampshire Business Finance Authority, Revenue Bonds, Refunding (Green Bond) Ser. B</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.75</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/2/2040</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,g</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">1,058,682</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">New Jersey - 4.8% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New Jersey, GO (COVID-19
Emergency Bonds) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2031</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,229,695</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New Jersey Economic
Development Authority, Revenue Bonds, Refunding, Ser. XX</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.25</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/15/2027</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,659,898</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">New Jersey Housing &amp; Mortgage Finance Agency, Revenue Bonds,
Refunding, Ser. D</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4/1/2025</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,560,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,714,249</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New Jersey Transportation
Trust Fund Authority, Revenue Bonds</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/15/2046</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,775,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,162,011</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">New Jersey Transportation Trust Fund Authority, Revenue Bonds</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.25</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/15/2043</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,488,094</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New Jersey Transportation
Trust Fund Authority, Revenue Bonds, Ser. AA</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.25</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/15/2033</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,742,996</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">New Jersey Turnpike Authority, Revenue Bonds, Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2051</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,475,710</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tender Option Bond
Trust Receipts (Series 2018-XF2538), (New Jersey Economic Development Authority, Revenue Bonds) Recourse,
Underlying Coupon Rate (%) 5.25</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.64</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/15/2040</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,250,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,725,675</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">19</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">New Jersey - 4.8% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tobacco Settlement Financing Corp., Revenue Bonds, Refunding,
Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.25</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2046</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">750,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">905,383</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tobacco Settlement
Financing Corp., Revenue Bonds, Refunding, Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2046</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,410,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,998,198</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">26,101,909</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">New
York - 7.9% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Monroe County Industrial Development Corp., Revenue Bonds, Refunding (University
of Rochester Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,731,216</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New York City, GO,
Ser. D1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,040,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5,752,189</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New York Convention
Center Development Corp., Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. B</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">0.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/15/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6,885,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>f</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,209,474</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">New York Liberty Development Corp., Revenue Bonds, Refunding
(Class 1-3 World Trade Center Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2044</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,670,774</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">New York State Dormitory Authority, Revenue Bonds, Refunding
(Montefiore Obligated Group) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9/1/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,127,599</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">New York State Thruway Authority, Revenue Bonds, Refunding,
Ser. A1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3/15/2053</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,600,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,977,461</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New York Transportation
Development Corp., Revenue Bonds (LaGuardia Airport Terminal B Redevelopment Project) Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.25</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,902,905</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">New York Transportation
Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2039</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,475,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,673,714</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Niagara Area Development Corp., Revenue Bonds, Refunding (Covanta
Holding Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.75</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/1/2042</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,090,816</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Port Authority of New York &amp; New Jersey, Revenue Bonds,
Refunding, Ser. 223</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/15/2046</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,442,176</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tender Option Bond
Trust Receipts (Series 2020-XM0826), (Metropolitan Transportation Authority, Revenue Bonds, Refunding
(Green Bond) (Insured; Assured Guaranty Municipal Corp., Ser. C)) Non-recourse, Underlying Coupon Rate
(%) 4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">14.25</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/15/2046</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7,045,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8,101,772</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">20</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">New York - 7.9% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">TSASC, Revenue Bonds, Refunding, Ser. B</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,165,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,279,974</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">42,960,070</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">North
Carolina - 2.9% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">North Carolina Medical Care Commission, Revenue Bonds, Refunding
(Lutheran Services for the Aging Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3/1/2051</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,251,949</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">North Carolina Medical Care Commission, Revenue Bonds, Refunding
(Pennybyrn at Maryfield Obligated Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/1/2035</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,005,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,070,407</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2019-XF0792), (North
Carolina Medical Care Commission, Revenue Bonds, Ser. A) Non-recourse, Underlying Coupon Rate (%) 4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">14.55</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/1/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11,496,358</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">15,818,714</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Ohio - 9.9% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Buckeye Tobacco Settlement Financing Authority, Revenue Bonds,
Refunding, Ser. A2</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/1/2048</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,250,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,391,013</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Buckeye Tobacco Settlement
Financing Authority, Revenue Bonds, Refunding, Ser. B2</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2055</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">14,250,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">16,142,387</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Canal Winchester Local School District, GO, Refunding (Insured;
National Public Finance Guarantee Corp.)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">0.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2031</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,955,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>f</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,293,149</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Canal Winchester Local School District, GO, Refunding (Insured;
National Public Finance Guarantee Corp.)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">0.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2029</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,955,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>f</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,485,809</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth
System)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2/15/2052</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,319,939</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Franklin County Convention
Facilities Authority, Revenue Bonds (GRTR Columbus Convention Center)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2044</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,250,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,451,604</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Muskingum County, Revenue Bonds (Genesis HealthCare System
Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2/15/2022</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,590,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,654,384</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Ohio Air Quality Development
Authority, Revenue Bonds (Pratt Paper OH Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/15/2048</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,250,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,607,738</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">21</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Ohio - 9.9% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0380), (Hamilton
County, Revenue Bonds, Refunding (The Metropolitan Sewer District of Greater Cincinnati)) Non-recourse,
Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.16</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2038</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">17,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18,531,512</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">53,877,535</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Oklahoma - .3% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Oklahoma Development Finance Authority, Revenue Bonds (OU Medicine
Project) Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.25</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8/15/2048</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">1,808,989</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Oregon
- .6% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Clackamas County Hospital Facility Authority, Revenue Bonds, Refunding (Senior
Living-Willamette View Project) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2047</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,645,470</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Yamhill County Hospital Authority, Revenue Bonds, Refunding
(Friendsview Manor Obligated Group) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,220,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,459,838</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">3,105,308</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Pennsylvania
- 3.2% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Allentown School District, GO, Refunding (Insured; Build America Mutual) Ser.
B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2/1/2031</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,907,416</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Crawford County Hospital
Authority, Revenue Bonds, Refunding (Meadville Medical Center Project) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6/1/2046</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,175,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,309,408</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Refunding (University of Sciences)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2036</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,675,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4,139,648</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Pennsylvania Turnpike Commission, Revenue Bonds, Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/1/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,730,417</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Pennsylvania Turnpike
Commission, Revenue Bonds, Ser. B</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2051</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,724,987</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Philadelphia Water &amp; Wastewater, Revenue Bonds, Refunding</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2033</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,250,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,648,484</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Philadelphia Water
&amp; Wastewater, Revenue Bonds, Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2050</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,872,663</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">The Philadelphia School District, GO (Insured; State Aid Withholding)
Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9/1/2036</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,740,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,191,584</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">17,524,607</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">22</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Rhode Island - 1.6% </p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Providence Public Building Authority, Revenue Bonds (Insured;
Assured Guaranty Municipal Corp.) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9/15/2038</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,035,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">8,647,449</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">South Carolina - 3.2% </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">South Carolina Jobs-Economic
Development Authority, Revenue Bonds (Bishop Gadsden Episcopal Retirement Community Obligated Group)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4/1/2054</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,134,210</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tender Option Bond
Trust Receipts (Series 2016-XM0384), (South Carolina Public Service Authority, Revenue Bonds, Refunding
(Santee Cooper)) Non-recourse, Underlying Coupon Rate (%) 5.13</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">14.03</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2043</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">15,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">16,342,091</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">17,476,301</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Tennessee
- 1.0% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0388), (Metropolitan Government
of Nashville &amp; Davidson County, Revenue Bonds, Refunding) Non-recourse, Underlying Coupon Rate (%)
5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.95</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2040</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">5,382,195</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Texas - 10.2% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Central
Texas Regional Mobility Authority, Revenue Bonds</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/1/2048</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,968,539</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Central Texas Regional Mobility Authority, Revenue Bonds, Ser.
A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2045</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,714,993</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Clifton Higher Education
Finance Corp., Revenue Bonds (International Leadership) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.75</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8/15/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,124,348</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Clifton Higher Education Finance Corp., Revenue Bonds (International
Leadership) Ser. D</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.13</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8/15/2048</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,908,471</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Clifton Higher Education
Finance Corp., Revenue Bonds (Uplift Education) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2044</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,659,749</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Grand Parkway Transportation Corp., Revenue Bonds, Refunding</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,145,117</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Harris County-Houston
Sports Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">0.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/15/2050</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">6,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>f</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,869,656</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Mission Economic Development Corp., Revenue Bonds, Refunding
(Natgasoline Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.63</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2031</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,577,509</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">23</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Texas - 10.2% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tarrant County Cultural Education Facilities Finance Corp.,
Revenue Bonds, Refunding (MRC Stevenson Oaks Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.75</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/15/2051</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,176,737</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2016-XM0377), (San
Antonio, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%) 5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">18.16</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2/1/2043</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">16,750,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">17,768,721</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Texas Private Activity Bond Surface Transportation Corp., Revenue
Bonds (Blueridge Transportation Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/31/2050</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,300,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,446,963</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Texas Private Activity Bond Surface Transportation Corp., Revenue
Bonds (Segment 3C Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6/30/2058</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8,930,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10,693,027</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">55,053,830</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">U.S. Related - 2.1% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Guam
Housing Corp., Revenue Bonds (Insured; Federal Home Loan Mortgage Corp.) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.75</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9/1/2031</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">965,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,005,309</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Puerto Rico, GO, Refunding (Insured; Assured Guaranty Municipal
Corp.) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2035</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,500,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,534,361</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Puerto Rico, GO, Refunding,
Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2035</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8,010,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>h</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6,928,650</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">11,468,320</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Utah - .8% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Utah Charter School Finance Authority, Revenue Bonds, Refunding
(Summit Academy) Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4/15/2049</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,190,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,396,318</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Utah Infrastructure
Agency, Revenue Bonds, Refunding, Ser. A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10/15/2037</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,345,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,750,275</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">4,146,593</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Virginia
- 3.2% </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Chesterfield County Economic Development Authority, Revenue Bonds, Refunding (Brandermill
Woods Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.13</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1/1/2043</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,100,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,108,559</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tender Option Bond
Trust Receipts (Series 2018-XM0593), (Hampton Roads Transportation Accountability Commission, Revenue
Bonds) Non-recourse, Underlying Coupon Rate (%) 5.50</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">20.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7/1/2057</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7,500,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b,c,d</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9,127,350</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Virginia Small Business Financing Authority, Revenue Bonds
(Transform 66 P3 Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/31/2056</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">3,380,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,001,015</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">24</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Virginia - 3.2% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Virginia Small Business Financing Authority, Revenue Bonds
(Transform 66 P3 Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/31/2052</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,620,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,918,869</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">17,155,793</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Washington - 6.0% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">King
County School District No. 210, GO (Insured; School Bond Guaranty)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12/1/2034</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,344,276</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Port of Seattle, Revenue Bonds, Ser. D</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5/1/2027</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4,300,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5,229,636</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Tender Option Bond Trust Receipts (Series 2018-XM0680), (Washington
Convention Center Public Facilities District, Revenue Bonds) Non-recourse, Underlying Coupon Rate (%)
5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9.12</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2058</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">17,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b,c,d</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">20,407,101</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Washington Housing Finance Commission, Revenue Bonds, Refunding
(Presbyterian Retirement Communities Northwest Obligated Group) Ser. A</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/1/2051</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,200,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3,471,932</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Washington Housing Finance Commission, Revenue Bonds, Ser.
A1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">3.50</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">12/20/2035</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">995,359</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,149,687</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7"
style=" vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">32,602,632</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Wisconsin - 2.3% </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Public
Finance Authority, Revenue Bonds (ACTS Retirement-Life Communities Obligated Group) Ser. A</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11/15/2041</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,216,578</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Public Finance Authority,
Revenue Bonds (Appalachian State University Project) (Insured; Assured Guaranty Municipal Corp.) Ser.
A</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7/1/2059</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,050,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,271,460</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Public Finance Authority,
Revenue Bonds (Roseman University of Health Sciences)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4/1/2040</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,175,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none; vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,398,489</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Public Finance Authority, Revenue Bonds (Southminster Obligated
Group)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10/1/2048</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,000,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,198,696</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Public Finance Authority, Revenue Bonds, Refunding (Blue Ridge
Healthcare Obligated Group) Ser. 2020</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1/1/2045</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1,835,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,079,629</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">25</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:35%;" >&nbsp;</td><td style="width:6%;" >&nbsp;</td><td style="width:9%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td><td style="width:13.01%;" >&nbsp;</td><td style="width:1%;"
>&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:4%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:1%;" >&nbsp;</td></tr><tr><td colspan="10" style=" vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Description</p></td><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;"> Coupon </font><br><font style="font-size:7.5pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rate
(%)</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Maturity
<br>
Date</font></p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Principal
<br>
Amount ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:7.5pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
($)</p></td><td style="vertical-align:top; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:bold; text-decoration:none;">Long-Term Municipal Investments - 148.9%</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">(continued)</font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:top; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Wisconsin - 2.3% (continued)</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Public Finance Authority, Revenue Bonds, Refunding (Mary's
Woods at Marylhurst Project)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.25</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5/15/2047</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">750,000</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>b</sup><font style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">820,832</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Wisconsin Health &amp; Educational Facilities Authority, Revenue
Bonds, Refunding (St. Camillus Health System Obligated Group)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.00</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">11/1/2054</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,000,000</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2,219,428</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="7" style=" vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">12,205,112</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">Total</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:7.5pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">Long-Term
Municipal Investments</font><br><font style="font-size:7.5pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;"> (cost $734,297,937)</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td colspan="3" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;">807,284,881</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid;
border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">Total
Investments </font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">(cost $736,155,663)</font></p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414;
font-weight:bold; text-decoration:none;">149.2%</p></td><td colspan="2" style=" vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#141414; font-weight:bold; text-decoration:none;">809,176,302</p></td><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Liabilities, Less Cash and Receivables</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414; font-weight:bold; text-decoration:none;">(34.7%)</p></td><td
colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#141414; font-weight:bold; text-decoration:none;">(187,934,576)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Preferred Stock, at redemption
value</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#141414; font-weight:bold; text-decoration:none;">(14.5%)</p></td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#141414; font-weight:bold; text-decoration:none;">(78,900,000)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Net Assets Applicable
to Common Shareholders</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#141414; font-weight:bold; text-decoration:none;">100.0%</p></td><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#141414; font-weight:bold; text-decoration:none;">542,341,726</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table><p style="font-size:8.0pt; font-family:Serif;
text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>a</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Zero coupon until a specified date at which time the stated
coupon rate becomes effective until maturity.</font></p><p style="font-size:8.0pt; font-family:Serif;
text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>b</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Security exempt from registration pursuant to Rule 144A under
the Securities Act of 1933. These securities may be resold in transactions exempt from registration,
normally to qualified institutional buyers. At September 30, 2021, these securities were valued at $379,095,787
or 69.9% of net assets.</font></p><p style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;"><sup>c</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">The
Variable Rate shall be determined by the Remarketing Agent in its sole discretion based on prevailing
market conditions and may, but need not, be established by reference to one or more financial indices.</font></p><p
style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;"><sup>d</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Collateral
for floating rate borrowings. The coupon rate given represents the current interest rate for the inverse
floating rate security.</font></p><p style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;"><sup>e</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Security
purchased on a when-issued or delayed basis for which the fund has not taken delivery as of September
30, 2021.</font></p><p style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;"><sup>f</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Security
issued with a zero coupon. Income is recognized through the accretion of discount.</font></p><p style="font-size:8.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>g</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">These securities have a put feature; the date shown represents
the put date and the bond holder can take a specific action to retain the bond after the put date.</font></p><p
style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;"><sup>h</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Non-income
producing&#8212;security in default.</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">26</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:75%;" >&nbsp;</td><td style="width:25%;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">Portfolio Summary (Unaudited) </font><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font></p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value
(%)</p></td></tr><tr><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
font-weight:normal; text-decoration:none;">General</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">25.9</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Education</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">22.8</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Medical</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.7</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Transportation</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">14.8</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Water</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">12.1</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Nursing
Homes</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">10.8</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">General Obligation</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9.2</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Development</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">9.1</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Tobacco
Settlement</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">6.0</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Utilities</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.2</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Airport</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.6</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Power</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.6</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">School
District</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.2</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Multifamily Housing</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.0</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Single Family Housing</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.6</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
font-weight:normal; text-decoration:none;">Housing</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.4</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Special Tax</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.2</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#141414; font-weight:bold; text-decoration:none;">149.2</p></td></tr></table><p
style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Based
on net assets.</font></p><p style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; text-decoration:none; font-style:italic;">See notes to financial
statements.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">27</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:13.82%;" >&nbsp;</td><td style="width:33.71%;" >&nbsp;</td><td
style="width:13.79%;" >&nbsp;</td><td style="width:38.68%;" >&nbsp;</td></tr><tr><td colspan="4" style="
vertical-align:top; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;">&#160;</td></tr><tr><td colspan="4" style=" vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Summary
of Abbreviations </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font></p></td></tr><tr><td colspan="4" style=" vertical-align:top;
background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">ABAG</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Association
of Bay Area Governments</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">AGC</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">ACE Guaranty Corporation</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">AGIC</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Asset Guaranty Insurance Company</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">AMBAC</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">American Municipal Bond Assurance Corporation</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">BAN</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Bond Anticipation Notes</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">BSBY</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Bloomberg
Short-Term Bank Yield Index</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">CIFG</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">CDC
Ixis Financial Guaranty</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">COP</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Certificate of Participation</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">CP</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Commercial Paper</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">DRIVERS</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Derivative
Inverse Tax-Exempt Receipts</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">EFFR</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Effective
Federal Funds Rate</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">FGIC</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Financial Guaranty Insurance Company</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">FHA</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Federal Housing Administration</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">FHLB</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Federal Home Loan Bank</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">FHLMC</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Federal Home Loan Mortgage Corporation</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">FNMA</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Federal National Mortgage Association</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">GAN</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Grant Anticipation Notes</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">GIC</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Guaranteed
Investment Contract</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">GNMA</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Government National Mortgage Association</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">GO</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">General Obligation</p></td></tr><tr><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">IDC</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Industrial
Development Corporation</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">LIBOR</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">London Interbank Offered Rate</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">LOC</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Letter of Credit</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">LR</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Lease
Revenue</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">NAN</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Note Anticipation Notes</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">MFHR</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Multi-Family
Housing Revenue</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">MFMR</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Multi-Family Mortgage Revenue</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">MUNIPSA</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Securities Industry and Financial Markets
Association Municipal Swap Index Yield</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">OBFR</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Overnight
Bank Funding Rate</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">PILOT</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Payment in Lieu of Taxes</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">PRIME</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Prime Lending Rate</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">PUTTERS</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Puttable
Tax-Exempt Receipts</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">RAC</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Revenue Anticipation Certificates</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">RAN</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Revenue Anticipation Notes</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">RIB</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Residual Interest Bonds</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">SFHR</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Single
Family Housing Revenue</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">SFMR</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Single
Family Mortgage Revenue</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">SOFR</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Secured Overnight Financing Rate</p></td></tr><tr><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">TAN</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; text-indent:-7.2pt;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tax Anticipation Notes</p></td><td style="vertical-align:top;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">TRAN</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Tax
and Revenue Anticipation Notes</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">U.S.
T-Bill</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">U.S.
Treasury Bill Money Market Yield</p></td><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">XLCA</p></td><td
style="vertical-align:top; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">XL
Capital Assurance</p></td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9; font-size:1pt;">&#160;</td><td
style="vertical-align:top; background-color:#D9D9D9; font-size:1pt;">&#160;</td><td style="vertical-align:top;
background-color:#D9D9D9; font-size:1pt;">&#160;</td><td style="vertical-align:top; background-color:#D9D9D9;
font-size:1pt;">&#160;</td></tr></table><p style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; text-decoration:none; font-style:italic;">See notes to financial
statements.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">28</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">STATEMENT
OF ASSETS AND LIABILITIES</p><p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">September 30, 2021</p>
<!-- PAGEBREAK_END -->
<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><a name="5"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:56.59%;" >&nbsp;</td><td style="width:1.8%;" >&nbsp;</td><td
style="width:1.14%;" >&nbsp;</td><td style="width:20.58%;" >&nbsp;</td><td style="width:1.47%;" >&nbsp;</td><td
style="width:17.09%;" >&nbsp;</td><td style="width:1.33%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:bold;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Cost</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Value</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">Assets ($): </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:normal; text-decoration:none;">Investments in securities&#8212;See Statement of Investments</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 736,155,663 </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 809,176,302 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Cash</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 799,060 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Interest
receivable</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 10,066,439 </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:normal; text-decoration:none;">Prepaid expenses</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 26,627 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
820,068,428 </p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">Liabilities ($):</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">Due to BNY Mellon Investment Adviser, Inc.
and affiliates&#8212;Note 2(b)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 341,176 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">Payable for floating rate notes issued&#8212;Note
3</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 195,855,737 </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Payable for investment securities
purchased  </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 2,015,160 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Interest and expense payable
related to </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">     floating rate notes issued&#8212;Note 3</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 454,491 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Commissions
payable&#8212;Note 1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 31,362 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">Dividends payable to Preferred Shareholders</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 607 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Other
accrued expenses</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 128,169 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
198,826,702 </p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4"
style=" vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Auction Preferred Stock,
Series M,T,W,Th and F, par value $.001 per share (3,156 shares issued and outstanding at $25,000 per
share liquidation value)&#8212;Note 1</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
78,900,000 </p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; border-top:1pt; border-top-style:solid;
border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">Net Assets Applicable to Common Shareholders
($)</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 542,341,726 </p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Composition
of Net Assets ($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; font-weight:normal;
text-decoration:none;">Common Stock, par value, $.001 per share </font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; font-weight:normal; text-decoration:none;">      (62,276,212
shares issued and outstanding)</font></p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 62,276 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Paid-in
capital </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 492,864,560 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Total
distributable earnings (loss)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 49,414,890 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Net Assets Applicable
to Common Shareholders ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid;
border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
542,341,726 </p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr></table><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td
style="width:75.02%;" >&nbsp;</td><td style="width:3.04%;" >&nbsp;</td><td style="width:1.73%;" >&nbsp;</td><td
style="width:18.56%;" >&nbsp;</td><td style="width:1.65%;" >&nbsp;</td></tr><tr><td colspan="2" style="
vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Shares
Outstanding</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td colspan="2" style=" vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">(500 million shares authorized)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 62,276,212 </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Net Asset Value Per Share of
Common Stock ($)</p></td><td style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;">8.71</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:8.0pt; font-family:Serif; text-align:left; color:#000000;
font-weight:normal; text-decoration:none; font-style:italic;">See notes to financial statements.</p></td><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:8.0pt; font-family:Serif; text-align:left;
color:#000000; font-weight:normal; text-decoration:none; vertical-align:super; font-style:italic;"><sup>&#160;</sup></p></td><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:8.0pt; font-family:Serif; text-align:left;
color:#000000; font-weight:normal; text-decoration:none; vertical-align:super; font-style:italic;"><sup>&#160;</sup></p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Serif; text-align:right;
color:#000000; font-weight:normal; text-decoration:none; vertical-align:super; font-style:italic;"><sup>&#160;</sup><font
style="letter-spacing:-2.0pt;font-size:2.0pt;">&nbsp;</font></p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">29</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">STATEMENT
OF OPERATIONS</p><p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Year
Ended September 30, 2021</p>
<!-- PAGEBREAK_END -->
<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><a name="6"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:2.64%;" >&nbsp;</td><td style="width:45.6%;" >&nbsp;</td><td
style="width:14.56%;" >&nbsp;</td><td style="width:1.8%;" >&nbsp;</td><td style="width:6.91%;" >&nbsp;</td><td
style="width:26.69%;" >&nbsp;</td><td style="width:1.8%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#969696; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3"
style=" vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Investment
Income ($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#969696; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">Interest Income</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 31,610,686 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">Expenses:</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Management
fee&#8212;Note 2(a)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 4,657,022 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Interest
and expense related to floating rate notes issued&#8212;Note 3</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 1,432,049 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Commission
fees&#8212;Note 1</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 165,132 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Professional
fees</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 140,227 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Registration
fees</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 90,881 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Directors&#8217;
fees and expenses&#8212;Note 2(c)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 70,751 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Shareholder
servicing costs</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 46,793 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Shareholders&#8217;
reports</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 46,044 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Custodian
fees&#8212;Note 2(b)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 11,138 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Chief
Compliance Officer fees&#8212;Note 2(b)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 8,442 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">Miscellaneous</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 38,133 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Total
Expenses</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
6,706,612 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Less&#8212;reduction in expenses
due to undertaking&#8212;Note 2(a)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (620,936)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Less&#8212;reduction
in fees due to earnings credits&#8212;Note 2(b)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> (7,431)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">Net Expenses</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 6,078,245 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style="
vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Investment
Income&#8212;Net</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 25,532,441 </p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Realized
and Unrealized Gain (Loss) on Investments&#8212;Note 3 ($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="5"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Net realized gain (loss) on
investments</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 2,969,621
</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="5" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Net change in unrealized appreciation
(depreciation) on investments</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">
18,800,839 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">Net Realized and Unrealized Gain (Loss) on
Investments</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 21,770,460 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Dividends
to Preferred Shareholders</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> (94,802)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; font-weight:bold; text-decoration:none;">Net
Increase in Net Assets Applicable to Common </font><br><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; font-weight:bold; text-decoration:none;">      Shareholders Resulting from Operations</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 47,208,099 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Serif; text-align:left;
color:#000000; font-weight:normal; text-decoration:none; font-style:italic;">See notes to financial statements.</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">30</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">STATEMENT
OF CASH FLOWS</p><p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Year
Ended September 30, 2021</p>
<!-- PAGEBREAK_END -->
<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><a name="7"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:2.9%;" >&nbsp;</td><td style="width:55.28%;" >&nbsp;</td><td
style="width:.92%;" >&nbsp;</td><td style="width:18.64%;" >&nbsp;</td><td style="width:1.91%;" >&nbsp;</td><td
style="width:18.64%;" >&nbsp;</td><td style="width:1.71%;" >&nbsp;</td></tr><tr><td colspan="2" style="
vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:center; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">Cash Flows from Operating Activities ($): </p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:normal; text-decoration:none;">Purchases of portfolio securities</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal; text-decoration:none;">
(70,902,421)</p></td><td style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">Proceeds
from sales of portfolio securities</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal; text-decoration:none;">
97,182,616 </p></td><td style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">Dividends
paid to Preferred Shareholders</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal; text-decoration:none;">
(95,927)</p></td><td style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">Interest
receivable</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:normal; text-decoration:none;"> 32,554,974 </p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none;">Interest and expense related to floating
rate notes issued</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:normal; text-decoration:none;"> (1,613,895)</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none;">Paid to BNY Mellon Investment Adviser, Inc.
and affiliates</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:normal; text-decoration:none;"> (4,040,501)</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none;">Operating expenses paid</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal;
text-decoration:none;"> (573,652)</p></td><td style="vertical-align:middle; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">Net Cash Provided (or Used) in Operating Activities</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 52,511,194 </p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Cash
Flows from Financing Activities ($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:normal; text-decoration:none;">Dividends paid to Common Shareholders</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (25,543,727)</p></td><td style="vertical-align:middle; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none;">Decrease  in payable for floating rate notes
issued</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> (26,700,000)</p></td><td
style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Net
Cash Provided (or Used) in Financing Activities</p></td><td style="vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> (52,243,727)</p></td><td style="vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Net Increase (Decrease) in Cash</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 267,467 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Cash
at beginning of period</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 531,593 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Cash
at End of Period</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
799,060 </p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Reconciliation
of Net Increase (Decrease) in Net Assets Applicable to</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td colspan="3" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Common Shareholders Resulting from Operations to</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td colspan="3" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Net Cash Provided (or Used) in Operating Activities ($):</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Net
Increase in Net Assets Resulting From Operations</p></td><td style="vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 47,208,099 </p></td><td style="vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Adjustments to Reconcile Net Increase in Net Assets</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td colspan="3" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Applicable to Common Shareholder Resulting from</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td colspan="3" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Operations to Net Cash Provided (or Used) in Operating Activities
($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:normal; text-decoration:none;">Decrease in investments in securities at cost</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 21,295,414 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">Decrease
in interest receivable</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 944,288 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal;
text-decoration:none;">Decrease in prepaid expenses</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 30,386
</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none;">Increase in Due to BNY Mellon Investment
Adviser, Inc. and affiliates</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 15,165 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal;
text-decoration:none;">Increase in payable for investment securities purchased</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 2,015,160 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">Decrease
 in interest and expense payable related to floating rate notes issued</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (181,846)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">Decrease
in dividends payable to Preferred Shareholders</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> (1,125)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:normal; text-decoration:none;">Decrease in Directors' fees and expenses
payable</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> (5,122)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal;
text-decoration:none;">Decrease in commissions payable and other accrued expenses</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (8,386)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;">Net
change in unrealized (appreciation) depreciation on investments</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (18,800,839)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; font-weight:bold; text-decoration:none;">Net Cash Provided (or
Used) in Operating Activities</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
52,511,194 </p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; font-weight:bold;
text-decoration:none;">Supplemental Disclosure Cash Flow Information ($):</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:normal; text-decoration:none;">Non-cash financing activities:</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:normal; text-decoration:none;">Reinvestment of dividends</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:middle;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 588,440 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:10.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Serif; text-align:left;
color:#000000; font-weight:normal; text-decoration:none; font-style:italic;">See notes to financial statements.</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">31</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">STATEMENT
OF CHANGES IN NET ASSETS</p>
<!-- PAGEBREAK_END -->
<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><a name="8"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:2.79%;" >&nbsp;</td><td style="width:39.03%;" >&nbsp;</td><td
style="width:7.32%;" >&nbsp;</td><td style="width:2.8%;" >&nbsp;</td><td style="width:21.17%;" >&nbsp;</td><td
style="width:1.43%;" >&nbsp;</td><td style="width:1.43%;" >&nbsp;</td><td style="width:1.43%;" >&nbsp;</td><td
style="width:21.17%;" >&nbsp;</td><td style="width:1.44%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#969696; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
colspan="6" style=" vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:64.0pt; font-weight:normal; text-decoration:none;">Year
Ended September 30, </p></td></tr><tr><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; font-weight:normal; text-decoration:none;">2021</p></td><td colspan="3" style=" vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; font-weight:normal; text-decoration:none;">2020</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Operations ($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style="
vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">Investment income&#8212;net</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 25,532,441 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 26,682,006 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Net
realized gain (loss) on investments</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> 2,969,621
</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (11,651,577)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Net
change in unrealized appreciation              </font><br><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">    (depreciation) on investments</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 18,800,839 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (7,079,086)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Dividends
to Preferred Shareholders</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (94,802)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> (1,203,179)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Net Increase
(Decrease) in Net Assets Applicable</font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">   to Common Shareholders Resulting from </font><br><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">
  Operations</font></p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 47,208,099 </p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 6,748,164 </p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="9" style=" vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Distributions
($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="2" style=" vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:bold; text-decoration:none;">Distributions to Common Shareholders</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
(26,132,167)</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
(26,125,626)</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="9"
style=" vertical-align:bottom; border-top:1pt; border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Capital
Stock Transactions ($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Distributions reinvested</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 588,440 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 124,964 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Increase
(Decrease) in Net Assets </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">   from Capital Stock Transactions</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> 588,440 </p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 124,964 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Total
Increase (Decrease) in Net Assets </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;">   Applicable to Common Shareholders</font></p></td><td
style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 21,664,372 </p></td><td style="vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:bold; text-decoration:none;"> (19,252,498)</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="9" style=" vertical-align:bottom; border-top:1pt;
border-top-style:solid; border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Net Assets
Applicable to Common Shareholders ($):</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Beginning
of Period</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 520,677,354 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 539,929,852 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">End
of Period</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 542,341,726 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 520,677,354 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="9" style=" vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Capital
Share Transactions (Common Shares):</p></td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#FFFFFF; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="2"
style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">Shares issued for distributions
reinvested</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 66,450 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 14,184 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td></tr><tr><td colspan="4" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Net
Increase (Decrease) in Shares Outstanding</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
66,450 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:bold; text-decoration:none;"> 14,184 </p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td></tr><tr><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold;
text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Serif; text-align:left;
color:#000000; font-weight:normal; text-decoration:none; font-style:italic;">See notes to financial statements.</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">32</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">FINANCIAL
HIGHLIGHTS</p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><a name="9"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The following table describes the performance for the fiscal periods indicated.
Market price total return is calculated assuming an initial investment made at the market price at the
beginning of the period, reinvestment of all dividends and distributions at market price during the period,
and sale at the market price on the last day of the period. These figures have been derived from the
fund&#8217;s financial statements and, with respect to common stock, market price data for the fund&#8217;s common
shares.</p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:36.25%;" >&nbsp;</td><td style="width:15%;" >&nbsp;</td><td style="width:10%;"
>&nbsp;</td><td style="width:10%;" >&nbsp;</td><td style="width:10%;" >&nbsp;</td><td style="width:8.75%;"
>&nbsp;</td><td style="width:10%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; border-top:1.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;">&#160;</td><td colspan="5" style=" vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="5" style=" vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; font-weight:normal; text-decoration:none;">Year Ended September 30,</p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2021</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2020</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2019</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2018</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2017</p></td></tr><tr><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Per Share Data ($):</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Net
asset value, beginning of period</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.37</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.68</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8.28</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.63</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">9.12</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Investment
Operations:</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Investment
income&#8212;net</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;"><sup>a</sup></font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.41</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.43</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.45</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.51</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Net
realized and unrealized </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">gain (loss) on investments</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.35</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.30)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.40</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">(.42)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.45)</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Dividends
to Preferred Shareholders from investment income&#8212;net</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">(.00)</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>b</sup></font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.02)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">(.03)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.03)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.03)</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Total
from Investment Operations</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.76</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.11</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.82</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.05</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.03</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">Distributions to </font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Common
Shareholders:</font></p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">Dividends from </font><br><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">investment income&#8212;net</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">(.42)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.42)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.42)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">(.45)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.52)</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Net
asset value resulting from </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">Auction Preferred Stock </font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">tendered
as a discount</font></p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">-</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">-</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">-</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.05</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">-</p></td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Net asset value, end of period</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.71</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.37</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8.68</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.28</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.63</p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Market value, end of
period</p></td><td style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.70</p></td><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8.28</p></td><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.58</p></td><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">7.50</p></td><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8.79</p></td></tr><tr><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Market Price Total Return (%)</p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">10.29</p></td><td style="vertical-align:bottom; border-top:1.5pt;
border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.58</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">20.59</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(9.72)</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(.19)</p></td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">33</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">FINANCIAL
HIGHLIGHTS (continued)</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:32.5%;" >&nbsp;</td><td style="width:17.5%;" >&nbsp;</td><td
style="width:10%;" >&nbsp;</td><td style="width:10%;" >&nbsp;</td><td style="width:10%;" >&nbsp;</td><td
style="width:10%;" >&nbsp;</td><td style="width:10%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;">&#160;</td><td colspan="5" style=" vertical-align:bottom; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;">&#160;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td colspan="5" style=" vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:center; font-weight:normal; text-decoration:none;">Year Ended September 30,</p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left;
color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">&#160;</p></td><td
style="vertical-align:bottom; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2021</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2020</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2019</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2018</p></td><td style="vertical-align:bottom; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">2017</p></td></tr><tr><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Ratios/Supplemental Data (%):</p></td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt;
border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Ratio
of total expenses to average </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">net assets applicable </font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">to
Common Stock</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;"><sup>c</sup></font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.24</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.70</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1.88</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.81</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.49</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Ratio
of net expenses to average </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">net assets applicable</font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">to
Common Stock</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;"><sup>c</sup></font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.12</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.58</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1.77</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.69</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.37</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Ratio
of interest and expense </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">related to floating rate notes </font><br><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">issued
to average net assets </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">applicable to Common Stock</font><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;"><sup>c</sup></font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.26</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.73</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.91</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.76</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.39</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Ratio
of net investment income </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">to average net assets applicable </font><br><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">to
Common Stock</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;"><sup>c</sup></font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.71</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.11</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">5.41</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.99</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">5.96</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Ratio
of total expenses </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">to total average net assets</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.08</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.48</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1.64</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.50</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.18</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Ratio
of net expenses to </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">total average net assets</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.98</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.37</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1.54</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.40</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">1.08</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Ratio
of interest and expense related to floating rate notes issued to total average net assets</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.23</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.63</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.79</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.63</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">.31</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Ratio
of net investment income </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">to total average net assets</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.11</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.44</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.70</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">4.96</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">4.71</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Portfolio
Turnover Rate</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">11.05</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">36.52</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">33.21</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">17.93</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8.77</p></td></tr><tr><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Asset Coverage of Preferred Stock, end of period</p></td><td style="vertical-align:bottom;
border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid;
border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#141414; font-weight:normal; text-decoration:none;">787</p></td><td style="vertical-align:bottom;
border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414; font-weight:normal; text-decoration:none;">760</p></td><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414;
font-weight:normal; text-decoration:none;">784</p></td><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#141414; font-weight:normal; text-decoration:none;">753</p></td><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414;
font-weight:normal; text-decoration:none;">476</p></td></tr><tr><td style="vertical-align:bottom; border-top:1.5pt;
border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">Net Assets,  applicable to </font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Common
Shareholders,</font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">end of period ($ x 1,000)</font></p></td><td style="vertical-align:bottom;
border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">542,342</p></td><td style="vertical-align:bottom; border-top:1.5pt;
border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">520,677</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">539,930</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">514,880</p></td><td
style="vertical-align:bottom; border-top:1.5pt; border-top-style:solid; border-top-color:#FFFFFF; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">535,958</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Preferred
Stock Outstanding,</font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">end of period ($ x 1,000)</font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">78,900</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">78,900</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">78,900</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">78,900</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">142,500</p></td></tr><tr><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Floating
Rate Notes Outstanding,</font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">end of period ($ x 1,000)</font></p></td><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">195,856</p></td><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">222,556</p></td><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">246,228</p></td><td
style="vertical-align:bottom; border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#FFFFFF;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">229,398</p></td><td style="vertical-align:bottom; border-bottom:1.5pt;
border-bottom-style:solid; border-bottom-color:#FFFFFF; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">148,574</p></td></tr></table><p
style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:italic;"><font>a</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>
</sup></font><font style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">Based on average common shares outstanding.</font></p><p style="font-size:8.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>b</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Amount represents less than $.01 per share.</font></p><p style="font-size:8.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>c</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Does not reflect the effect of dividends to Preferred Shareholders.</font></p><p
style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; text-decoration:none; font-style:italic;">See notes to financial statements.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">34</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NOTES
TO FINANCIAL STATEMENTS</p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; font-style:normal;"><a name="10"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">NOTE
1&#8212;Significant Accounting Policies:</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">BNY Mellon Strategic Municipals, Inc.
(the &#8220;fund&#8221;), which is registered  under the Investment Company Act of 1940, as amended (the &#8220;Act&#8221;),
is a  diversified closed-end management investment company. The fund&#8217;s investment objective is to maximize
current income exempt from federal income tax to the extent consistent with the preservation of capital.
BNY Mellon Investment Adviser, Inc. (the &#8220;Adviser&#8221;), a wholly-owned subsidiary of The Bank of New
York Mellon Corporation (&#8220;BNY Mellon&#8221;), serves as the fund&#8217;s investment adviser. Effective September
1, 2021 (the &#8220;Effective Date&#8221;), the Adviser has engaged its affiliate, Insight North America LLC
(the &#8220;Sub-Adviser&#8221;) as the fund&#8217;s sub-investment adviser pursuant to a sub-investment advisory
agreement between the Adviser and Sub-Adviser. As the fund&#8217;s sub-investment adviser, the Sub-Adviser
provides the day-to-day management of the fund&#8217;s investments, subject to the Adviser&#8217;s supervision
and approval. The Adviser (and not the fund) pays the Sub-Adviser for its sub-advisory services. As of
the Effective Date, portfolio managers responsible for managing the fund&#8217;s investments who were employees
of Mellon Investments Corporation (&#8220;Mellon&#8221;) in a dual employment arrangement with the Adviser, have
become employees of the Sub-Adviser, and are no longer employees of Mellon. The fund&#8217;s Common Stock
trades on the New York Stock Exchange (the &#8220;NYSE&#8221;) under the ticker symbol LEO.</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The
fund has outstanding 763 Series M shares, 747 Series T shares, 660 Series W shares, 566 Series TH shares
and 420 series F shares for a total of 3,156 shares of Auction Preferred Stock (&#8220;APS&#8221;), with a liquidation
preference of $25,000 per share (plus an amount equal to accumulated but unpaid dividends upon liquidation).
APS dividend rates are determined pursuant to periodic auctions or by reference to a market rate. Deutsche
Bank Trust Company America, as the Auction Agent, receives a fee from the fund for its services in connection
with such auctions. The fund also compensates broker-dealers generally at an annual rate of .15%-.25%
of the purchase price of shares of APS.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">The fund is subject to certain restrictions
relating to the APS. Failure to comply with these restrictions could preclude the fund from declaring
any distributions to shareholders of Common Stock (&#8220;Common Shareholders&#8221;) or repurchasing shares
of Common Stock and/or could trigger the mandatory redemption of APS at liquidation value. Thus, redemptions
of APS may be deemed to be outside of the control of the fund. </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">35</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">NOTES
TO FINANCIAL STATEMENTS </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The holders of APS, voting as a separate class, have the right to elect at least
two directors. The holders of APS will vote as a separate class on certain other matters, as required
by law. The fund&#8217;s Board of Directors (the &#8220;Board&#8221;) has designated Robin A. Melvin and Benaree
Pratt Wiley as directors to be elected by the holders of APS.</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The Financial Accounting
Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 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 is an investment company and applies the accounting and reporting guidance of the
FASB ASC Topic 946 Financial Services-Investment Companies. 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.</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The fund</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; color:#FF0000; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">enters into contracts
that contain a variety of indemnifications. The fund&#8217;s maximum exposure under these arrangements is
unknown. The fund does not anticipate recognizing any loss related to these arrangements. </font></p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">(a)
Portfolio valuation:</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> 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="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">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.</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">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:</p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Level 1</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#8212;unadjusted quoted
prices in active markets for identical investments.</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">36</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">Level 2</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">&#8212;other significant observable inputs (including quoted prices
for similar investments, interest rates, prepayment speeds, credit risk, etc.).</font></p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; font-weight:normal; margin-left:18.0pt; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Level
3</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">&#8212;significant
unobservable inputs (including the fund&#8217;s own assumptions in determining the fair value of investments).</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The inputs or methodology used for valuing securities are not necessarily an indication
of the risk associated with investing in those securities.</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">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:</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Investments in securities,
excluding short-term investment (other than U.S. Treasury Bills) are valued each business day by an independent
pricing service (the &#8220;Service&#8221;) approved by the Board. 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). Debt investments (which constitute a majority of the portfolio securities) are carried
at 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.  </p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The Service is engaged
under the general oversight of the Board.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">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.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">37</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">NOTES
TO FINANCIAL STATEMENTS </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">For 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.</p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The
following is a summary of the inputs used as of September 30, 2021</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; color:#FF0000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">in
valuing the fund&#8217;s investments:</font></p><table cellspacing="0" style="border-collapse:collapse" width="100%"
cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td style="width:22.91%;" >&nbsp;</td><td
style="width:17.91%;" >&nbsp;</td><td style="width:17.91%;" >&nbsp;</td><td style="width:2.93%;" >&nbsp;</td><td
style="width:16.93%;" >&nbsp;</td><td style="width:19.92%;" >&nbsp;</td><td style="width:1.49%;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">Level 1-Unadjusted Quoted Prices</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Level
2- Other Significant Observable Inputs</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-bottom:1pt;
border-bottom-style:solid; border-bottom-color:#000000;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">Level 3-Significant Unobservable
Inputs</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">Total</p></td><td
style="vertical-align:top; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#000000;
font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Assets ($)</p></td><td style="vertical-align:bottom; border-top:1pt; border-top-style:solid;
border-top-color:#000000; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; border-top:1pt;
border-top-style:solid; border-top-color:#000000; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5"
style=" vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Investments
In Securities:</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font></p></td><td style="vertical-align:bottom;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Collateralized Municipal-Backed Securities</p></td><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">-</p></td><td
style="vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,891,421</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#141414; font-weight:normal; text-decoration:none;">-</p></td><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414; font-weight:bold; text-decoration:none;">1,891,421</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Municipal Securities</p></td><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">-</p></td><td
style="vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">807,284,881</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#141414; font-weight:normal; text-decoration:none;">-</p></td><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414; font-weight:bold; text-decoration:none;">807,284,881</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style=" vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Liabilities ($)</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="5" style="
vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Other Financial Instruments:</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Floating
Rate Notes</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;"><sup>&#8224;&#8224;</sup></font></p></td><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">-</p></td><td
style="vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">(195,855,737)</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#141414; font-weight:normal; text-decoration:none;">-</p></td><td style="vertical-align:bottom;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#141414; font-weight:bold; text-decoration:none;">(195,855,737)</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr></table><p style="font-size:8.0pt; font-family:Serif;
text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">See Statement of Investments for additional detailed categorizations,
if any.</font></p><p style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;"><sup>&#8224;&#8224;</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Certain
of the fund&#8217;s liabilities are held at carrying amount, which approximates fair value for financial
reporting purposes.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">(b) Securities transactions and investment income:</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> Securities transactions
are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded
on the identified cost basis. Interest income, adjusted for accretion of discount and amortization of
premium on investments, is earned from settlement date and recognized on the accrual basis. Securities
purchased or sold on a when-issued or delayed delivery basis may be settled a month or more after the
trade date.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">(c) Risk:</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> The value of the securities in which the fund invests may
be affected by political, regulatory, economic and social developments, and developments that impact
specific economic sectors, industries or segments of the market. In addition, turbulence in financial
markets and reduced liquidity in equity, credit and/or fixed income markets may negatively affect many
issuers, which could adversely affect the fund. Global economies and financial markets are becoming increasingly
interconnected, and conditions and events in one country, region or financial market may adversely impact
issuers in a different country, region or financial market. These risks may be magnified if certain events
or developments adversely interrupt the global supply chain; in these and other circumstances, such risks
might affect companies world-wide. Recent </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">38</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">examples include pandemic risks related to COVID-19 and aggressive measures taken
world-wide in response by governments, including closing borders, restricting international and domestic
travel, and the imposition of prolonged quarantines of large populations, and by businesses, including
changes to operations and reducing staff. The effects of COVID-19 have contributed to increased volatility
in global markets and will likely affect certain countries, companies, industries and market sectors
more dramatically than others. The COVID-19 pandemic has had, and any other outbreak of an infectious
disease or other serious public health concern could have, a significant negative impact on economic
and market conditions and could trigger a prolonged period of global economic slowdown. To the extent
the fund may overweight its investments in certain countries, companies, industries or market sectors,
such positions will increase the fund's exposure to risk of loss from adverse developments affecting
those countries, companies, industries or sectors.</p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:bold; text-decoration:none;">(d) Dividends and distributions to Common
Shareholders:</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> Dividends and distributions are recorded on the ex-dividend date. Dividends from
investment income-net are normally declared and paid monthly. Dividends from net realized capital gains,
if any, are normally declared and paid annually, but the fund may make distributions on a more frequent
basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the
&#8220;Code&#8221;). To the extent that net realized capital gains can be offset by capital loss carryovers,
it is the policy of the fund not to distribute such gains. Income and capital gain distributions are
determined in accordance with income tax regulations, which may differ from GAAP.</font></p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Common
Shareholders will have their distributions reinvested in additional shares of the fund, unless such Common
Shareholders elect to receive cash, at the lower of the market price or net asset value per share (but
not less than 95% of the market price). If market price is equal to or exceeds net asset value, shares
will be issued at net asset value. If net asset value exceeds market price, Computershare Inc., the transfer
agent for the fund&#8217;s Common Stock, will buy fund shares in the open market and reinvest those shares
accordingly.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">On September 29, 2021, the Board declared a cash dividend
of $.035 per share from investment income-net, payable on October 29, 2021 to Common Shareholders of
record as of the close of business on October 15, 2021. The ex-dividend date was October 14, 2021.</p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">(e)
Dividends and distributions to shareholders of APS:</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> Dividends, which are cumulative, are generally
reset every seven days for each series of APS pursuant to a process specified in related fund charter
documents. </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">39</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">NOTES
TO FINANCIAL STATEMENTS </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">Dividend rates as of September 30, 2021, for each series of APS were as follows:
Series M-0.088%, Series T-0.088%, Series W-0.077%, Series TH-0.077% and Series F-0.088%. These rates
reflect the &#8220;maximum rates&#8221; under the governing instruments as a result of &#8220;failed auctions&#8221;
in which sufficient clearing bids are not received. The average dividend rates for the period ended September
30, 2021 for each series of APS were as follows: Series M-0.121%, Series T-0.120%, Series W-0.119%, Series
TH-0.120% and Series F-0.121%.</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:bold; text-decoration:none;">(f) Federal income taxes:</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> It is the policy of
the fund to continue to qualify as a regulated investment company, which can distribute tax-exempt dividends,
by complying with the applicable provisions of the Code, and to make distributions of income and net
realized capital gain sufficient to relieve it from substantially all federal income and excise taxes.</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">As of and during the period ended September 30, 2021, the fund did not have any
liabilities for any uncertain tax positions. The fund recognizes interest and penalties, if any, related
to uncertain tax positions as income tax expense in the Statement of Operations. During the period ended
September 30, 2021, the fund did not incur any interest or penalties.</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Each
tax year in the four-year period ended September 30, 2021 remains subject to examination by the Internal
Revenue Service and state taxing authorities.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">At September 30, 2021, the components
of accumulated earnings on a tax basis were as follows: undistributed tax-exempt income $1,383,727, accumulated
capital losses $25,136,171 and unrealized appreciation $73,167,941.</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The fund is permitted
to carry forward capital losses for an unlimited period. Furthermore, capital loss carryovers retain
their character as either short-term or long-term capital losses.</p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">The accumulated capital loss carryover
is available for federal income tax purposes to be applied against future net</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; color:#FF0000; font-weight:normal; text-decoration:none;"> </font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">realized
capital gains, if any, realized subsequent to September 30, 2021. The fund has $14,595,822 of short-term
capital losses and $10,540,349 of long-term capital losses which can be carried forward for an unlimited
period.</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">The tax character of distributions paid to shareholders during
the fiscal periods ended September 30, 2021 and September 30, 2020 were as follows: tax-exempt income
$25,993,448 and $27,323,378, and ordinary income $233,521 and $5,427 respectively.</p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">(g) New accounting pronouncements:</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
In March 2020, the FASB issued Accounting Standards Update 2020-04, Reference Rate Reform (Topic </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">40</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">848):
Facilitation of the Effects of Reference Rate Reform on Financial Reporting (&#8220;ASU 2020-04&#8221;), and
in January 2021, the FASB issued Accounting Standards Update 2021-01, Reference Rate Reform (Topic 848):
Scope (&#8220;ASU 2021-01&#8221;), which provides optional, temporary relief with respect to the financial reporting
of contracts subject to certain types of modifications due to the planned discontinuation of the LIBOR
and other interbank offered rates as of the end of 2021. The temporary relief provided by ASU 2020-04
and ASU 2021-01 is effective for certain reference rate-related contract modifications that occur during
the period from March 12, 2020 through December 31, 2022. Management is evaluating the impact of ASU
2020-04 and ASU 2021-01</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#FF0000;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">on the fund&#8217;s investments, derivatives,
debt and other contracts that will undergo reference rate-related modifications as a result of the reference
rate reform. Management is also currently actively working with other financial institutions and counterparties
to modify contracts as required by applicable regulation and within the regulatory deadlines.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">NOTE
2&#8212;Management Fee, Sub-Investment Advisory Fee and Other Transactions with Affiliates:</p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">(a) </font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Pursuant to a management
agreement (the &#8220;Agreement&#8221;) with the Adviser, the management fee is computed at the annual rate of
..75% of the value of the fund&#8217;s average weekly net assets (including net assets representing APS outstanding)
and is payable monthly. The Agreement provides for an expense reimbursement from the Adviser should the
fund&#8217;s aggregate expenses (excluding taxes, interest on borrowings, brokerage fees and extraordinary
expenses) in any full fiscal year exceed the lesser of (1) the expense limitation of any state having
jurisdiction over the fund or (2) 2% of the first $10 million, 1</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"><sup>&#189;</sup></font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">%
of the next $20 million and 1% of the excess over $30 million of the average weekly value of the fund&#8217;s
net assets. During the period ended September 30, 2021, there was no expense reimbursement pursuant to
the Agreement.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">The Adviser has currently undertaken, from October 1, 2020 through November 30,
2021 to waive receipt of a portion of the fund&#8217;s management fee, in the amount of .10% of the value
of the fund&#8217;s average weekly net assets (including net assets representing APS outstanding). Effective
November 30, 2021, the current undertaking will be extended until May 31, 2022. The reduction in expenses,
pursuant to the undertaking, amounted to $620,936 during the period ended September 30, 2021</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#121212; font-weight:normal; text-decoration:none;">.</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">As of the Effective Date, pursuant to a sub-investment advisory agreement between
the Adviser and the Sub-Adviser, the Adviser pays the Sub-Adviser a monthly fee at an annual rate of
..36% of the value of the fund&#8217;s </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">41</p>



<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">NOTES
TO FINANCIAL STATEMENTS </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">average weekly net assets, (including net assets representing APS outstanding).
</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">(b)
</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The
fund compensates The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of the Adviser,
 under a custody agreement for providing custodial services for the fund. These fees are determined based
on net assets and transaction activity. During the period ended September 30, 2021</font><font style="font-size:11.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">, </font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">the fund was charged
$11,138</font><font style="font-size:11.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">pursuant to the custody agreement. These fees were partially offset by earnings
credits of $7,431</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">The fund has an arrangement with the custodian whereby the
fund may receive earnings credits when positive cash balances are maintained, which are used to offset
custody fees. For financial reporting purposes, the fund includes net earnings credits, if any, as an
expense offset in the Statement of Operations.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">During the period ended September 30,
2021, the fund was charged $8,442 for services performed by the Chief Compliance Officer and his staff.
These fees are included in Chief Compliance Officer fees in the Statement of Operations.</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The
components of &#8220;Due to BNY Mellon Investment Adviser, Inc. and affiliates&#8221; in the Statement of Assets
and Liabilities consist of: management fees of $387,000, custodian fees of $3,694 and Chief Compliance
Officer fees of $2,123, which are offset against an expense reimbursement currently in effect in the
amount of $51,641.</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold;
text-decoration:none;">(c)</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> Each Board member also serves as a Board member of other
funds in the BNY Mellon Family of Funds complex. Annual retainer fees and attendance fees are allocated
to each fund based on net assets. </font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">NOTE 3&#8212;Securities Transactions:</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The
aggregate amount of purchases and sales (including paydowns) of investment securities, excluding short-term
securities during the period ended September 30, 2021, amounted to $72,856,399 and $67,381,291, respectively.</p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:bold; text-decoration:none;">Inverse
Floater Securities:</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> 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 </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">42</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">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.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">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.
</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">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 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.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">The average amount of borrowings outstanding under the inverse
floater structure during the period ended September 30, 2021 was approximately $204,563,545 with a related
weighted average annualized interest rate of .70%.</p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">At September 30, 2021</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">, the</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
cost of investments for federal income tax purposes was $540,152,624; accordingly, accumulated net unrealized
appreciation on investments was $73,167,941, consisting of $74,898,736 gross unrealized appreciation
and $1,730,795 gross unrealized depreciation.</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">43</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</p>
<!-- PAGEBREAK_END -->
<p style="font-size:9.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><a name="11"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:9.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">To
the Shareholders and the Board of Directors of BNY Mellon Strategic Municipals, Inc.</font></p><p style="font-size:9.5pt;
font-family:Arial; text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Opinion
on the Financial Statements</p><p style="font-size:9.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">We have audited the accompanying statement of assets and liabilities
of BNY Mellon Strategic Municipals, Inc. (the &#8220;Fund&#8221;), including the statement of investments, as
of September 30, 2021, and the related statements of operations and cash flows for the year then ended,
the statements of changes in net assets for each of the two years in the period then ended, the financial
highlights for each of the five years in the period then ended and the related notes (collectively referred
to as the &#8220;financial statements&#8221;). In our opinion, the financial statements present fairly, in all
material respects, the financial position of the Fund at September 30, 2021, the results of its operations
and its cash flows for the year then ended, the changes in its net assets for each of the two years in
the period then ended and its financial highlights for each of the five years in the period then ended,
in conformity with U.S. generally accepted accounting principles.</p><p style="font-size:9.5pt; font-family:Arial;
text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Basis for Opinion</p><p
style="font-size:9.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">These financial statements are the responsibility of the Fund&#8217;s management.
Our responsibility is to express an opinion on the Fund&#8217;s financial statements based on our audits.
We are a public accounting firm registered with the Public Company Accounting Oversight Board (United
States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Fund in accordance with
the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange
Commission and the PCAOB.</p><p style="font-size:9.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">We conducted our audits in accordance with the standards of
the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement, whether due to error or fraud.
The Fund is not required to have, nor were we engaged to perform, an audit of the Fund&#8217;s internal control
over financial reporting. As part of our audits, we are required to obtain an understanding of internal
control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness
of the Fund&#8217;s internal control over financial reporting. Accordingly, we express no such opinion.</p><p
style="font-size:9.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">Our audits included performing procedures to assess the risks of material misstatement
of the financial statements, whether due to error or fraud, and performing procedures that respond to
those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements. Our procedures included confirmation of securities owned as
of September 30, 2021, by correspondence with the custodian and others or by other appropriate auditing
procedures where replies from others were not received. Our audits also included evaluating the accounting
principles used and significant estimates made by management, as well as evaluating the overall presentation
of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
margin-left:216.0pt; text-decoration:none;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">           </font><img src="img_1b46c47e8c2f4.jpg" ></p><p
style="font-size:9.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">We have served as the auditor of one or more investment companies in the BNY Mellon
Family of Funds since at least 1957, but we are unable to determine the specific year. </p><p style="font-size:9.5pt;
font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:9.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">New York, New York</font><br><font
style="font-size:9.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">November
22, 2021</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">44</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited)</p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="12"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Dividend
Reinvestment and Cash Purchase Plan</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">Under the fund&#8217;s Dividend Reinvestment
and Cash Purchase Plan (the &#8220;Plan&#8221;), a holder of Common Stock who has fund shares registered in his
name will have all dividends and distributions reinvested automatically by Computershare Trust Company,
N.A., as Plan administrator (the &#8220;Administrator&#8221;), in additional shares of the fund at the lower
of prevailing market price or net asset value (but not less than 95% of market value at the time of valuation)
unless such shareholder elects to receive cash as provided below. If market price is equal to or exceeds
net asset value, shares will be issued at net asset value. If net asset value exceeds market price or
if a cash dividend only is declared, the Administrator, as agent for the Plan participants, will buy
fund shares in the open market. A Plan participant is not relieved of any income tax that may be payable
on such dividends or distributions.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">A Common Shareholder who owns fund shares
registered in nominee name through his broker/dealer (i.e., in &#8220;street name&#8221;) may not participate
in the Plan, but may elect to have cash dividends and distributions reinvested by his broker/dealer in
additional shares of the fund if such service is provided by the broker/dealer; otherwise such dividends
and distributions will be treated like any other cash dividend.</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">A Common Shareholder
who has fund shares registered in his or her name may elect to withdraw from the Plan at any time for
a $2.50 fee and thereby elect to receive cash in lieu of shares of the fund. Changes in elections must
be in writing, sent to The Bank of New York Mellon, c/o Computershare Inc., P.O. Box 30170, College Station,
TX 77842-3170, should include the Common Shareholder&#8217;s name and address as they appear on the Administrator&#8217;s
records and will be effective only if received more than fifteen days prior to the record date for any
distribution.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">A Plan participant who has fund shares in his name has the
option of making additional cash payments to the Administrator, semi-annually, in any amount from $1,000
to $10,000, for investment in the fund&#8217;s shares in the open market on or about January 15 and July
15. Any voluntary cash payments received more than 30 days prior to these dates will be returned by the
Administrator, and interest will not be paid on any uninvested cash payments. A participant may withdraw
a voluntary cash payment by written notice, if the notice is received by the Administrator not less than
48 hours before the payment is to be invested. A Common Shareholder who owns fund shares registered in
street name should consult his broker/dealer to determine whether an additional cash purchase option
is available through his broker/dealer.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">The Administrator maintains all Common
Shareholder accounts in the Plan and furnishes written confirmations of all transactions in the account.
Shares in the account of each Plan participant will be held by the Administrator in non-certificated
form in the name of the participant, and each such participant&#8217;s proxy will include those shares purchased
pursuant to the Plan. The fund pays the Administrator&#8217;s fee for reinvestment of dividends and distributions.
Plan participants pay a pro rata share of brokerage commissions incurred with respect to the Administrator&#8217;s
open market purchases and </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">45</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">purchases from voluntary cash payments, and a $1.25 fee for each purchase made
from a voluntary cash payment.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">The fund reserves the right to amend or terminate the Plan
as applied to any voluntary cash payments made and any dividend or distribution paid subsequent to notice
of the change sent to Plan participants at least 90 days before the record date for such dividend or
distribution. The Plan also may be amended or terminated by the Administrator on at least 90 days&#8217;
written notice to Plan participants.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">Level Distribution Policy</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The fund&#8217;s dividend
policy is to distribute substantially all of its net investment income to its shareholders on a monthly
basis. In order to provide shareholders with a more consistent yield to the current trading price of
shares of Common Stock of the fund, the fund may at times pay out more or less than the entire amount
of net investment income earned in any particular month and may at times in any month pay out any accumulated
but undistributed income in addition to net investment income earned in that month. As a result, the
dividends paid by the fund for any particular month may be more or less than the amount of net investment
income earned by the fund during such month.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">Investment Objective and Principal Investment Strategies </p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:underline;">Investment
Objective</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">. The fund&#8217;s investment objective is to seek to maximize current income exempt
from federal income tax to the extent consistent with the preservation of capital. The fund&#8217;s investment
objective is fundamental and may not be changed without the affirmative vote of the holders of a majority
(as defined in the Act) of the fund&#8217;s outstanding voting securities. No assurance can be given that
the fund will achieve its investment objective.</font></p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:underline;">Fundamental Investment Policy</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
The fund has adopted a fundamental investment policy to invest, under normal market conditions, at least
80% of its net assets in municipal obligations. As with the fund&#8217;s investment objective, this investment
policy may not be changed without the affirmative vote of the holders of a majority (as defined in the
Act) of the fund&#8217;s outstanding voting securities. </font></p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Municipal obligations
are debt obligations issued by states, territories and possessions of the United States and the District
of Columbia and their political subdivisions, agencies and instrumentalities, or multi-state agencies
or authorities, that provide income exempt from federal income tax. Municipal obligations are classified
as general obligation bonds, revenue bonds and notes. General obligation bonds are secured by the issuer&#8217;s
pledge of its faith, credit and taxing power for the payment of principal and interest. Revenue bonds
are payable from the revenue derived from a particular facility or class of facilities or, in some cases,
from the proceeds of a special excise or other specific revenue source, but not from the general taxing
power. Notes are short term instruments which are obligations of the issuing municipalities or agencies
and are sold in anticipation of a bond sale, collection of taxes or receipt of other revenues. The fund
may purchase floating and variable rate obligations, municipal derivatives, such as custodial receipt
</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">46</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">programs created by financial intermediaries, tender option bonds and participations
in municipal obligations.</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:underline;">Non-Fundamental Investment Policies</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">. Under normal market
conditions, the fund invests at least 50% of its net assets in municipal obligations considered investment
grade by Moody&#8217;s, S&amp;P or Fitch or the unrated equivalent as determined by the Adviser in the case
of bonds, and in the two highest rating categories of Moody&#8217;s, S&amp;P or Fitch or the unrated equivalent
as determined by the Adviser in the case of short term obligations having or deemed to have maturities
of less than one year. Investment grade bonds are those rated in the four highest rating categories of
Moody&#8217;s, S&amp;P or Fitch. The fund may invest the remainder of its assets in municipal obligations
considered below investment grade by Moody&#8217;s, S&amp;P and Fitch, including those rated no lower than
C, but it currently is the intention of the fund to invest such remainder of its assets primarily in
bonds rated no lower than Ba by Moody&#8217;s and BB by S&amp;P and Fitch. Bonds rated below investment grade
and short term obligations rated below the two highest rating categories of Moody&#8217;s, S&amp;P and Fitch
will be purchased only if the Adviser determines that the purchase is consistent with the fund&#8217;s investment
objective. The fund&#8217;s ability to invest in lower rated municipal obligations may be limited as a condition
to S&amp;P&#8217;s &#8220;AAA&#8221; rating of the fund&#8217;s APS. </font></p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">From time to time,
the fund may invest more than 25% of the value of its total assets in industrial development bonds which,
although issued by industrial development authorities, may be backed only by the assets and revenues
of the non-governmental users. Interest on certain municipal obligations (including certain industrial
development bonds) which are specific private activity bonds, while exempt from federal income tax, is
a preference item for the purpose of the federal alternative minimum tax. If the fund, as a regulated
investment company, receives such interest, a proportionate share of any exempt-interest dividend paid
by the fund will be treated as a preference item to an investor. The fund may invest without limitation
in such municipal obligations if the Adviser determines that their purchase is consistent with the fund&#8217;s
investment objective.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">Under normal market conditions, the weighted average maturity
of the fund&#8217;s portfolio is expected to exceed ten years. </p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:underline;">Taxable Investments and other Investment
Techniques</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">. The fund may employ, among others, the investment techniques described below.
Use of certain of these techniques may give rise to taxable income. </font></p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Temporary Investments</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
From time to time, on a temporary basis other than for temporary defensive purposes (but not to exceed
20% of the fund&#8217;s net assets) or for temporary defensive purposes without limitation, the fund may
invest in taxable short term investments (&#8220;Taxable Investments&#8221;) consisting of: notes of issuers
having, at the time of purchase, a quality rating within the two highest grades of Moody&#8217;s, S&amp;P
or Fitch; obligations of the U.S. Government, its agencies or instrumentalities; commercial paper rated
at least P-2 by Moody&#8217;s or at least A-2 by S&amp;P or Fitch; certificates of deposit of U.S. domestic
banks, including foreign branches of domestic banks, with assets of $1 </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">47</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">billion or more; bankers&#8217; acceptances; time deposits; and repurchase agreements
in respect of any of the foregoing. Dividends paid by the fund that are attributable to interest earned
from Taxable Investments will be taxable to investors. Under normal market conditions, the fund anticipates
that not more than 5% of its total assets will be invested in any of the foregoing categories of Taxable
Investments.</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">When-Issued Securities</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">. New issues of municipal obligations usually
are offered on a when-issued basis, which means that delivery and payment for such municipal obligations
normally take place within 45 days after the date of the commitment to purchase. The payment obligation
and the interest rate that will be received on the municipal obligations are fixed at the time the buyer
enters into the commitment. The fund will make commitments to purchase such municipal obligations only
with the intention of actually acquiring the securities, but the fund may sell these securities before
the settlement date if it is deemed advisable, although any gain realized on such sale would be taxable.
The fund will not accrue income with respect to a when-issued security before its stated delivery date.
No additional when-issued commitments will be made if more than 20% of the fund&#8217;s net assets would
be so committed.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">Stand-By Commitments</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">. The fund may acquire &#8220;stand-by commitments&#8221; with respect
to municipal obligations held in its portfolio. Under a stand-by commitment the fund obligates a broker,
dealer or bank to repurchase, at the fund&#8217;s option, specified securities at a specified price and,
in this respect, stand-by commitments are comparable to put options. The exercise of a stand-by commitment,
therefore, is subject to the ability of the seller to make payment on demand. The fund will acquire stand-by
commitments solely to facilitate portfolio liquidity and does not intend to exercise its rights thereunder
for trading purposes. The fund anticipates that stand-by commitments will be available from brokers,
dealers and banks without the payment of any direct or indirect consideration. The fund may pay for stand-by
commitments if such action is deemed necessary, thus increasing to a degree the cost of the underlying
municipal obligation and similarly decreasing such security&#8217;s yield to investors.</font></p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Use of Derivatives</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
The fund may invest in, or enter into, certain types of derivatives, such as futures, options and swap
transactions, including interest rate swaps, interest rate locks, caps, collars and floors, for a variety
of reasons, including to increase current income, reduce fluctuations in net asset value and protect
against a decline in the value of municipal obligations held by the fund or an increase in the price
of municipal obligations the fund proposes to purchase in the future. The fund&#8217;s ability to engage
in certain derivative transactions may be limited as a condition to S&amp;P&#8217;s &#8220;AAA&#8221; rating of the
fund&#8217;s APS. The fund will limit its use of derivatives that do not constitute municipal obligations
to 20% of its net assets.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">The fund may purchase call and put options and may write (</font><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">i.e.</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">,
sell) covered call and put option contracts on specific municipal obligations. The fund generally would
purchase these call options to protect the fund from the issuer of the related municipal obligation redeeming,
or other holder of the call option from calling away, the municipal obligation before maturity. The sale
by the fund of a call option it owns on a specific municipal obligation could result in the receipt of
taxable income by the fund. </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">48</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">A futures contract is an agreement between two parties to buy and sell a security
for a set price on a future date. These contracts are traded on exchanges, so that, in most cases, either
party can close out its position on the exchange for cash, without delivering the security. An option
on a futures contract gives the holder of the option the right to buy from or sell to the writer of the
option a position in a futures contract at a specified price on or before a specified expiration date.
The fund may invest in futures contracts and options on futures contracts, including those with respect
to interest rates, securities, and security indexes. The fund may enter into futures contracts and options
thereon in U.S. domestic markets. Futures contracts may be based on various debt securities and securities
indexes (such as the Municipal Bond Index traded on the Chicago Board of Trade).</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The
fund may enter into interest rate swaps and interest rate locks and purchase and sell interest rate caps,
collars and floors. Swap transactions may be individually negotiated and include exposure to a variety
of different interest rates. Swaps involve two parties exchanging a series of cash flows at specified
intervals. In the case of an interest rate swap, the parties exchange interest payments based upon an
agreed upon principal amount (referred to as the &#8220;notional principal amount&#8221;). Under the most basic
scenario, Party A would pay a fixed rate on the notional principal amount to Party B, which would pay
a floating rate on the same notional principal amount to Party A. Swap agreements can take many forms
and are known by a variety of names.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">In a typical cap or floor agreement, one
party agrees to make payments only under specified circumstances, usually in return for payment of a
fee by the other party. An interest rate collar combines elements of buying a cap and selling a floor.
In a typical interest rate lock transaction, if Party A desires to lock in a particular interest rate
on a given date it may enter into an agreement to pay, or receive a payment from, Party B based on the
yield of a reference index or security. At the maturity of the term of the agreement, one party makes
a payment to the other party as determined by the relative change in the yield of the reference index
or security. An interest rate lock transaction may be terminated prior to its stated maturity date by
calculating the payment due as of the termination date, which generally differs from the make-whole provisions
for an early termination of an interest rate swap transaction in which the party terminating the swap
early is required to give its counterparty the economic benefit of the transaction.</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Depending
on the circumstances, gains from a swap transaction will be treated either as ordinary income or as short-
or long-term capital gains. The fund currently intends to enter into swap transactions on a &#8220;forward
settlement&#8221; basis (settlement set out several months) and to close-out such transactions before the
settlement date. This methodology should result in there being no exchange of income and, therefore,
no taxable income to report. Any principal gain or loss at settlement would be a capital gain or loss.</p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The fund is operated by the Adviser in reliance on an exclusion, granted to operators
of registered investment companies such as the fund, from registration as a &#8220;commodity pool operator&#8221;
with respect to the fund under the Commodity Exchange Act (&#8220;CEA&#8221;) and, therefore is not subject to
registration or regulation with respect to the fund under </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">49</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">the CEA. The fund may be limited in its ability to use commodity futures or options
thereon, engage in certain swap transactions or make certain other investments if the Adviser continues
to claim the exclusion from the definition of &#8220;commodity pool operator&#8221; with respect to the fund.</p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Inverse
Floating Rate Securities</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">. The fund may invest in residual interest municipal obligations whose interest
rates bear an inverse relationship to the interest rate on another security or the value of an index
(&#8220;inverse floaters&#8221;). An investment in inverse floaters may involve greater risk than an investment
in a fixed-rate bond. Because changes in the interest rate on the other security or index inversely affect
the residual interest paid on the inverse floater, the value of an inverse floater is generally more
volatile than that of a fixed-rate bond. Inverse floaters have interest rate adjustment formulas which
generally reduce or, in the extreme, eliminate the interest paid to the fund when short term interest
rates rise, and increase the interest paid to the fund when short term interest rates fall. Inverse floaters
have varying degrees of liquidity, and the market for these securities is relatively volatile. These
securities tend to underperform the market for fixed-rate bonds in a rising interest rate environment,
but tend to outperform the market for fixed-rate bonds when interest rates decline. Shifts in long term
interest rates may, however, alter this tendency. Although volatile, inverse floaters typically offer
the potential for yields exceeding the yields available on fixed-rate bonds with comparable credit quality,
coupon, call provisions and maturity. These securities usually permit the investor to convert the floating-rate
to a fixed- rate (normally adjusted downward), and this optional conversion feature may provide a partial
hedge against rising rates if exercised at an opportune time.</font></p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">Investments in Investment Companies</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
The fund may invest in securities of other investment companies to the extent permitted under the Act.</font></p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:underline;">Use
of Leverage</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">. The fund utilizes leverage to seek to enhance the yield and net asset value
of its Common Stock. These objectives cannot be achieved in all interest rate environments. To leverage,
the fund issues APS and floating rate certificate securities, which pay dividends or interest at prevailing
short-term interest rates, and invests the proceeds in long-term municipal bonds. The interest earned
on these investments is paid to Common Shareholders in the form of dividends, and the value of these
portfolio holdings is reflected in the per share net asset value of the fund&#8217;s Common Stock. In order
for either of these forms of leverage to benefit Common Shareholders, the yield curve must be positively
sloped: that is, short-term interest rates must be lower than long-term interest rates. At the same time,
a period of generally declining interest rates will benefit Common Shareholders. If either of these conditions
change along with other factors that may have an effect on APS dividends or floating rate certificate
securities, then the risk of leveraging will begin to outweigh the benefits.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Principal Risk Factors </p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The fund is a diversified, closed-end management investment company designed primarily
as a long-term investment and not as a short-term trading vehicle. The fund is not intended to be a complete
investment program and, due to the uncertainty inherent </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">50</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">in all investments, there can be no assurance that the fund will achieve its investment
objective. Different risks may be more significant at different times depending on market conditions.</p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Municipal
Obligations Risk.</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> The amount of public information available about municipal obligations is generally
less than that for corporate equities or bonds. Special factors, such as legislative changes, and state
and local economic and business developments, may adversely affect the yield and/or value of the fund&#8217;s
investments in municipal obligations. Other factors include the general conditions of the municipal obligations
market, the size of the particular offering, and the maturity of the obligation and the rating of the
issue. The municipal obligations market can be susceptible to increases in volatility and decreases in
liquidity. Liquidity can decline unpredictably in response to overall economic conditions or credit tightening.
Increases in volatility and decreases in liquidity may be caused by a rise in interest rates (or the
expectation of a rise in interest rates), which are at or near historic lows in the United States. During
periods of reduced market liquidity, the fund may not be able to readily sell municipal obligations at
prices at or near their perceived value. Changes in economic, business or political conditions relating
to a particular municipal project, municipality, or state, territory or possession of the United States
in which the fund invests may have an impact on the fund&#8217;s net asset value per share of Common Stock.
A credit rating downgrade relating to, default by, or insolvency or bankruptcy of, one or several municipal
security issuers of a state, territory or possession of the United States in which the fund invests could
affect the market values and marketability of many or all municipal securities of such state, territory
or possession.</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">In addition, the fund may invest up to 50% of its net assets
in below investment grade municipal obligations. Below investment grade municipal obligations (commonly
referred to as &#8220;high yield&#8221; or &#8220;junk&#8221; bonds) involve substantial risk of loss and are considered
predominantly speculative with respect to the issuer&#8217;s or obligor&#8217;s ability to pay interest and repay
principal and are susceptible to default or decline in market value due to adverse economic and business
developments. The market values for high yield municipal obligations tend to be very volatile, and those
bonds are less liquid than investment grade municipal obligations. </p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Because there is no
established retail secondary market for many of these municipal obligations, it may be anticipated that
such obligations could be sold only to a limited number of dealers or institutional investors. To the
extent a secondary trading market for these obligations does exist, it generally is not as liquid as
the secondary market for higher-rated municipal obligations. The lack of a liquid secondary market may
have an adverse impact on market price and yield and the fund&#8217;s ability to dispose of particular issues
in response to a specific economic event such as a deterioration in the creditworthiness of the issuer.
The lack of a liquid secondary market for certain municipal obligations also may make it more difficult
for the fund to obtain accurate market quotations for purposes of valuing the fund&#8217;s portfolio and
calculating its net asset value. In such cases, the Adviser&#8217;s judgment may play a greater role in valuation
because less reliable, objective data may be available.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">51</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Call
Risk</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
Some municipal obligations give the issuer the option to &#8220;call,&#8221; or prepay, the securities before
their maturity date. If interest rates fall, it is possible that issuers of callable bonds with high
interest coupons will call their bonds. If a call were exercised by the issuer of a bond held by the
fund during a period of declining interest rates, the fund is likely to replace such called bond with
a lower yielding bond. If that were to happen, it could decrease the fund&#8217;s distributions and possibly
could affect the market price of the Common Stock. Similar risks exist when the fund invests the proceeds
from matured, traded or prepaid bonds at market interest rates that are below the fund&#8217;s current earnings
rate. A decline in income could affect the market price or overall return of the Common Stock. During
periods of market illiquidity or rising interest rates, prices of &#8220;callable&#8221; issues are subject to
increased price fluctuation.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Credit Risk</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">. Credit risk is the risk that one or more
municipal bonds in the fund&#8217;s portfolio will decline in price, or the issuer or obligor thereof will
fail to pay interest or repay principal when due, because the issuer or obligor experiences a decline
or there is a perception of a decline in its financial status. Below investment grade municipal obligations
involve greater credit risk than investment grade municipal obligations. In addition, sizable investments
by the fund in revenue obligations could involve an increased risk to the fund should any of the related
facilities experience financial difficulties.</font></p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">Interest Rate Risk.</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> Prices of municipal
obligations and other fixed-income securities tend to move inversely with changes in interest rates.
Typically, a rise in rates will adversely affect fixed-income securities and, accordingly, will cause
the value of the fund&#8217;s investments in these securities to decline. During periods of very low interest
rates, which occur from time to time due to market forces or actions of governments and/or their central
banks, including the Board of Governors of the Federal Reserve System in the U.S., the fund may be subject
to a greater risk of principal decline from rising interest rates. When interest rates fall, the values
of already-issued fixed-income securities generally rise. However, when interest rates fall, the fund&#8217;s
investments in new securities may be at lower yields and may reduce the fund&#8217;s income. The magnitude
of these fluctuations in the market price of fixed-income securities is generally greater for securities
with longer effective maturities and durations because such instruments do not mature, reset interest
rates or become callable for longer periods of time. The change in the value of a fixed-income security
or portfolio can be approximated by multiplying its duration by a change in interest rates. For example,
the market price of a fixed-income security with a duration of three years would be expected to decline
3% if interest rates rose 1%. Conversely, the market price of the same security would be expected to
increase 3% if interest rates fell 1%. Interest rates in the United States currently are at or near historic
lows due to market forces and actions of the Board of Governors of the Federal Reserve System in the
U.S., primarily in response to the novel coronavirus (COVID-19) pandemic and resultant market disruptions.
Changing interest rates, including rates that fall below zero, may have unpredictable effects on markets,
may result in heightened market volatility and may detract from fund performance.</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">52</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Tax
Risk.</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> To be tax-exempt, municipal obligations generally must meet certain regulatory
requirements. Although the fund will invest in municipal obligations that pay income that is exempt,
in the opinion of counsel to the issuer (or on the basis of other authority believed by the Adviser to
be reliable), from regular federal income tax, if any such municipal obligation fails to meet these regulatory
requirements, the income received by the fund from its investment in such obligations and distributed
by the fund to Common Shareholders will be taxable. Changes or proposed changes in federal tax laws may
cause the prices of municipal obligations to fall. In addition, the federal income tax treatment of payments
in respect of certain derivatives contracts is unclear. Common Shareholders may receive distributions
that are attributable to derivatives contracts that are treated as ordinary income for federal income
tax purposes.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">Liquidity Risk. </font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">When there is little or no active trading market for specific
types of securities, it can become more difficult to sell the securities in a timely manner at or near
their perceived value. In such a market, the value of such securities and the fund&#8217;s net asset value
per share of Common Stock may fall dramatically, even during periods of declining interest rates. Other
market developments can adversely affect fixed-income securities markets. Regulations and business practices,
for example, have led some financial intermediaries to curtail their capacity to engage in trading (</font><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">i.e.</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">,
&#8220;market making&#8221;) activities for certain fixed-income securities, which could have the potential to
decrease liquidity and increase volatility in the fixed-income securities markets. The secondary market
for certain municipal obligations tends to be less well developed or liquid than many other securities
markets, which may adversely affect the fund&#8217;s ability to sell such municipal obligations at attractive
prices. Investments that are illiquid or that trade in lower volumes may be more difficult to value.
Liquidity can decline unpredictably in response to overall economic conditions or credit tightening.
Increases in volatility and decreases in liquidity may be caused by a rise in interest rates (or the
expectation of a rise in interest rates). </font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">When-Issued Securities Risk.</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> When purchasing a security
on a forward commitment basis, the fund assumes the rights and risks of ownership of the security, including
the risk of price and yield fluctuations. Because the fund is not required to pay for these securities
until the delivery date, these risks are in addition to the risks associated with the fund&#8217;s other
investments. Securities purchased on a forward commitment, when-issued or delayed-delivery basis are
subject to changes in value (generally appreciating when interest rates decline and depreciating when
interest rates rise) based upon the public&#8217;s perception of the creditworthiness of the issuer and changes,
real or anticipated, in the level of interest rates. Securities purchased on a forward commitment, when-issued
or delayed-delivery basis may expose the fund to risks because they may experience such fluctuations
prior to their actual delivery.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Use of Derivatives Risk.</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> Derivatives can be
volatile and involve various types and degrees of risk, depending upon the characteristics of the particular
derivative and the portfolio as a whole. Derivatives permit the fund to increase or decrease the level
of risk, or change the character of the risk, to which its portfolio is exposed in much the same way
as the fund can increase or decrease the level of risk, or change the character of the risk, </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">53</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">of its portfolio by making investments in specific securities. However, derivatives
may entail investment exposures that are greater than their cost would suggest, meaning that a small
investment in derivatives could have a large potential impact on the fund&#8217;s performance. If the fund
invests in derivatives at inopportune times or judges market conditions incorrectly, such investments
may lower the fund&#8217;s return or result in a loss. The fund also could experience losses if its derivatives
were poorly correlated with the underlying instruments or the fund&#8217;s other investments, or if the fund
were unable to liquidate its position because of an illiquid secondary market. The market for many derivatives
is, or suddenly can become, illiquid. Although the fund intends to purchase or sell futures contracts
or options only if there is an active market for such contracts or options, no assurance can be given
that a liquid market will exist for any particular contract or option at any particular time. Changes
in liquidity may result in significant, rapid and unpredictable changes in the prices for derivatives.
If a derivative transaction is particularly large or if the relevant market is illiquid, it may not be
possible to initiate a transaction or liquidate a position at an advantageous time or price. Additionally,
some derivatives the fund may use may involve economic leverage, which may increase the volatility of
these instruments as they may increase or decrease in value more quickly than the underlying security,
index, futures contract, or other economic variable. </p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Derivatives may be
purchased on established exchanges or through privately negotiated transactions referred to as over-the-counter
derivatives. Exchange-traded derivatives, such as futures contracts and certain options, generally are
guaranteed by the clearing agency that is the issuer or counterparty to such derivatives. This guarantee
usually is supported by a daily variation margin system operated by the clearing agency in order to reduce
overall credit risk. As a result, unless the clearing agency defaults, there is relatively little counterparty
credit risk associated with derivatives purchased on an exchange. In contrast, no clearing agency guarantees
over-the-counter derivatives, including some options and most swap agreements, and, therefore, there
is a risk the counterparty will default. Accordingly, the Adviser will consider the creditworthiness
of counterparties to over-the-counter derivatives in the same manner as it would review the credit quality
of a security to be purchased by the fund. If there were a default by the other party to such transaction
the fund would have to rely on its contractual remedies (which may be limited by bankruptcy, insolvency
or similar laws) pursuant to the agreement relating to the transaction. Over-the-counter derivatives
are less liquid than exchange-traded derivatives since the other party to the transaction may be the
only investor with sufficient understanding of the derivative to be interested in bidding for it. In
addition, mandatory margin requirements have been imposed on over-the-counter derivative instruments,
which will add to the costs of such transactions.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">Options and futures contracts prices can
diverge from the prices of their underlying instruments. Options and futures contracts prices are affected
by such factors as current and anticipated short-term interest rates, changes in volatility of the underlying
instrument, and the time remaining until expiration of the contract, which may not affect the prices
of the underlying instruments in the same way. Imperfect correlation may also result from differing levels
of demand in the options and futures markets and the securities markets, from structural differences
in how options and futures and </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">54</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">securities are traded, or from imposition of daily price fluctuation limits or
trading halts. If price changes in the fund&#8217;s options or futures positions used for hedging purposes
are poorly correlated with the investments the fund is attempting to hedge, the options or futures positions
may fail to produce anticipated gains or result in losses that are not offset by gains in other investments.</p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">Engaging in futures transactions involves risk of loss to the fund which could
adversely affect the fund&#8217;s net asset value. No assurance can be given that a liquid market will exist
for any particular contract at any particular time. Many futures exchanges and boards of trade limit
the amount of fluctuation permitted in futures contract prices during a single trading day. Once the
daily limit has been reached in a particular contract, no trades may be made that day at a price beyond
that limit or trading may be suspended for specified periods during the trading day. Futures contract
prices could move to the limit for several consecutive trading days with little or no trading, thereby
preventing prompt liquidation of futures positions and potentially leading to substantial losses.</p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The use of interest rate swaps and caps is a highly specialized activity that
involves investment techniques and risks different from those associated with ordinary portfolio security
transactions. Depending on the state of interest rates in general, the fund&#8217;s use of interest rate
swaps or caps could enhance or harm the overall performance of the fund. To the extent there is a decline
in interest rates, the value of the interest rate swap or cap could decline, and could result in a decline
in the fund&#8217;s net asset value. In addition, if short-term interest rates are lower than the fund&#8217;s
rate of payment on the interest rate swap, this will reduce the performance of the fund. If, on the other
hand, short-term interest rates are higher than the fund&#8217;s rate of payment on the interest rate swap,
this will enhance the performance of the fund.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">It is possible that developments in the
derivatives markets, including potential government regulation, could adversely affect the ability to
terminate existing derivatives positions or to realize amounts to be received in such transactions. In
particular, prior to the recent global financial crisis, the swaps market was largely an unregulated
market. It is possible that developments in the swaps market, including new regulatory requirements,
could limit or prevent the fund&#8217;s ability to utilize swap agreements or options on swaps as part of
its investment strategy, terminate existing swap agreements or realize amounts to be received under such
agreements, which could negatively affect the fund. In particular, the Dodd-Frank Act resulted in new
clearing and exchange-trading requirements for swaps and other over-the-counter derivatives. The Dodd-Frank
Act also requires the Commodities Futures Trading Commission (&#8220;CFTC&#8221;) and/or the SEC, in consultation
with banking regulators, to establish capital requirements for swap dealers and major swap participants
as well as requirements for margin on over-the-counter derivatives, including swaps. Many provisions
of the Dodd-Frank Act have either already been implemented through rulemaking by the CFTC and/or the
SEC or must be implemented through future rulemaking by those and other federal agencies, and all regulatory
or legislative activity may not necessarily have a direct, immediate effect upon the fund. However, compliance
with these rules could </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">55</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">potentially limit or completely restrict the ability of the fund to use certain
derivatives as a part of its investment strategy, increase the cost of entering into derivatives transactions
or require more assets of the fund to be used for collateral in support of those derivatives than is
currently the case. Limits or restrictions applicable to the counterparties with which the fund engages
in derivative transactions also could prevent the fund from using derivatives or affect the pricing or
other factors relating to these transactions, or may change the availability of certain derivatives.
</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Some
derivatives may involve leverage (</font><font style="font-size:10.5pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">e.g.</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">, an instrument linked to the value of
a securities index may return income calculated as a multiple of the price movement of the underlying
index). This economic leverage will increase the volatility of these instruments as they may increase
or decrease in value more quickly than the underlying security, index, futures contract, currency or
other economic variable. Currently, the fund may segregate permissible liquid assets, or engage in other
measures approved by the SEC or its staff, to &#8220;cover&#8221; the fund&#8217;s obligations relating to its transactions
in derivatives. Where permitted, by setting aside assets equal to only its net obligations under cash-settled
derivatives, the fund may employ leverage to a greater extent than if the fund were required to segregate
assets equal to the full notional value of such contracts. These coverage practices also might impair
the fund&#8217;s ability to sell a portfolio security, meet current obligations or make an investment at
a time when it would otherwise be favorable to do so, or require that the fund sell a portfolio security
at a disadvantageous time.</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">The SEC recently adopted Rule 18f-4 under
the Act, which will regulate the use of derivatives by the fund and is effective in August 2022. Under
the new rule, the fund may be required to establish a comprehensive derivatives risk management program,
to comply with certain value-at-risk based leverage limits, to appoint a derivatives risk manager and
to provide additional disclosure both publicly and to the SEC regarding its derivatives positions. Compliance
with the new rule by the fund could, among other things, make derivatives more costly, limit their availability
or utility or otherwise adversely affect their performance. The new rule may limit the fund&#8217;s ability
to use derivatives as part of its investment strategy.</p><p style="font-size:10.5pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">Leverage Risk</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">. Leverage is a speculative
technique and there are special risks and costs associated with leveraging. There is no assurance that
leveraging strategy will be successful. Leverage involves risks and special considerations for Common
Shareholders, including: the likelihood of greater volatility of net asset value, market price and dividend
rate of Common Stock than a comparable portfolio without leverage; the risk that fluctuations in the
interest or dividend rates that the fund must pay on any leverage will reduce the return to Common Shareholders;
the effect of leverage in a declining market, which is likely to cause a greater decline in the net asset
value of Common Stock than if the fund were not leveraged, which may result in a greater decline in the
market price of Common Stock.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Market Risk.</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> The value of the securities in which the
fund invests may be affected by political, regulatory, economic and social developments, and developments
that impact specific economic sectors, industries or segments of the market. In addition, turbulence
</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">56</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">in financial markets and reduced liquidity in equity, credit and/or fixed income
markets may negatively affect many issuers, which could adversely affect the fund. Global economies and
financial markets are becoming increasingly interconnected, and conditions and events in one country,
region or financial market may adversely impact issuers in a different country, region or financial market.
These risks may be magnified if certain events or developments adversely interrupt the global supply
chain; in these and other circumstances, such risks might affect companies worldwide. Recent examples
include pandemic risks related to COVID-19 and aggressive measures taken worldwide in response by governments,
including closing borders, restricting international and domestic travel, and the imposition of prolonged
quarantines of large populations, and by businesses, including changes to operations and reducing staff.
The effects of COVID-19 have contributed to increased volatility in global markets and will likely affect
certain countries, companies, industries and market sectors more dramatically than others. The COVID-19
pandemic has had, and any other outbreak of an infectious disease or other serious public health concern
could have, a significant negative impact on economic and market conditions and could trigger a prolonged
period of global economic slowdown. To the extent the fund may overweight its investments in certain
countries, companies, industries or market sectors, such positions will increase the fund&#8217;s exposure
to risk of loss from adverse developments affecting those countries, companies, industries or sectors.</p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Risk
of Market Price Discount from Net Asset Value.</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> Shares of closed-end funds frequently
trade at a market price that is below their net asset value. This is commonly referred to as &#8220;trading
at a discount.&#8221; This characteristic of shares of closed-end funds is a risk separate and distinct from
the risk that the fund&#8217;s net asset value may decrease. </font></p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Whether Common Shareholders
will realize a gain or loss upon the sale of Common Stock will depend upon whether the market value of
Common Stock at the time of sale is above or below the price the Common Shareholder paid, taking into
account transaction costs, for Common Stock and is not directly dependent upon the fund&#8217;s net asset
value. Because the market value of Common Stock will be determined by factors such as the relative demand
for and supply of Common Stock in the market, general market conditions and other factors beyond the
control of the fund, the fund cannot predict whether its Common Stock will trade at, below or above net
asset value, or below or above the initial offering price for such Common Stock.</p><p style="font-size:10.5pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Management Risk. </font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The
fund is subject to management risk because the Adviser actively manages the fund. The Adviser and the
fund&#8217;s portfolio managers will apply investment techniques and risk analyses in making investment decisions
for the fund, but there can be no guarantee that these will produce the desired results.</font></p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Cybersecurity
Risk.</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> The fund and its service providers are susceptible to operational and information
security risks due to cybersecurity incidents. In general, cybersecurity incidents can result from deliberate
attacks or unintentional events. Cybersecurity attacks include, but are not limited to, gaining unauthorized
access to digital systems (</font><font style="font-size:10.5pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">e.g</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">., through &#8220;hacking&#8221; or malicious software
coding) for purposes of misappropriating assets or sensitive information, corrupting data or causing
operational disruption. Cyber </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">57</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">ADDITIONAL
INFORMATION (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">attacks also may be carried out in a manner that does not require gaining unauthorized
access, such as causing denial-of-service attacks on websites (i.e., efforts to make services unavailable
to intended users). Cybersecurity incidents affecting the Adviser or other service providers, as well
as financial intermediaries, have the ability to cause disruptions and impact business operations, potentially
resulting in financial losses, including by interference with the fund&#8217;s ability to calculate its net
asset value; impediments to trading for the fund&#8217;s portfolio; the inability of Common Shareholders
to transact business with the fund; violations of applicable privacy, data security or other laws; regulatory
fines and penalties; reputational damage; reimbursement or other compensation or remediation costs; legal
fees; or additional compliance costs. Similar adverse consequences could result from cybersecurity incidents
affecting issuers of securities in which the fund invests, counterparties with which the fund engages
in transactions, governmental and other regulatory authorities, exchange and other financial market operators,
banks, brokers, dealers, insurance companies and other financial institutions and other parties. While
information risk management systems and business continuity plans have been developed which are designed
to reduce the risks associated with cybersecurity, there are inherent limitations in any cybersecurity
risk management systems or business continuity plans, including the possibility that certain risks have
not been identified.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">Given the risks described above, an investment in Common Stock
may not be appropriate for all investors. You should carefully consider your ability to assume these
risks before making an investment in the fund.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">Recent Changes </p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The following information
in this annual report is a summary of certain changes since September 30, 2020. This information may
not reflect all of the changes that have occurred since you purchased the fund.</p><p style="font-size:10.5pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The
fund has updated certain of its principal risk factors to reflect the risks associated with the COVID-19
pandemic, cybersecurity and new Rule 18f-4 under the Act.</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">During the period ended
September 30, 2021, except as noted above, there were: (i) no material changes in the fund&#8217;s investment
objectives or policies that have not been approved by shareholders, (ii) no changes in the fund&#8217;s charter
or by-laws that would delay or prevent a change of control of the fund that have not been approved by
shareholders, (iii) no material changes to the principal risk factors associated with investment in the
fund, and (iv) no change in the persons primarily responsible for the day-to-day management of the fund&#8217;s
portfolio.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">58</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">IMPORTANT
TAX INFORMATION </font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="13"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">In accordance with federal tax law, the fund hereby reports all the dividends
paid from investment income-net during its fiscal year ended September 30, 2021 as &#8220;exempt-interest
dividends&#8221; (not generally subject to regular Federal income tax), except $233,521 that is being reported
as an ordinary income distribution for reporting purposes. Where required by federal tax law rules, shareholders
will receive notification of their portion of the fund&#8217;s taxable ordinary dividends (if any), capital
gains distributions (if any) and tax-exempt dividends paid for the 2021 calendar year on Form 1099-DIV,
which will be mailed in early 2022.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">59</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">PROXY
RESULTS </font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="14"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Common
Shareholders and holders of APS voted together as a single class (except as noted below) on the following
proposal presented at the annual shareholders&#8217; meeting held on June 16, 2021.</font></p><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td
style="width:3.85%;" >&nbsp;</td><td style="width:39.12%;" >&nbsp;</td><td style="width:19.18%;" >&nbsp;</td><td
style="width:12.29%;" >&nbsp;</td><td style="width:25.55%;" >&nbsp;</td></tr><tr><td style="vertical-align:middle;
border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; border-top:1.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</p></td><td colspan="3" style=" vertical-align:middle; border-bottom:0.5pt;
border-bottom-style:solid; border-bottom-color:#000000; border-top:1.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:center; color:#000000;
font-weight:normal; text-decoration:none;">Shares</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid;
border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">
For </p></td><td style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td
style="vertical-align:middle; border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;"> Authority
Withheld </p></td></tr><tr><td colspan="2" style=" vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">To
elect three Class III Directors</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">:</font></p></td><td
style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
border-top:0.5pt; border-top-style:solid; border-top-color:#000000; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Joan
L. Gulley</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">46,893,653</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,815,190</p></td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Burton N. Wallack</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">46,331,458</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,377,385</p></td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Benaree
Pratt Wiley</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;"><sup>&#8224;&#8224;</sup></font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">188</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,371</p></td></tr></table><p
style="font-size:8.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">The
term of the Class III Director expires in 2024.</font></p><p style="font-size:8.0pt; font-family:Serif;
text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:italic;"><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;"><sup>&#8224;&#8224;</sup></font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Elected solely by APS holders; Common Shareholders not entitled
to vote. </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">60</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:10.0pt; font-family:Serif; text-align:left; text-indent:-21.6pt; font-weight:normal;
margin-left:21.6pt; font-style:normal;"><font style="font-size:11.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">INFORMATION ABOUT THE APPROVAL OF THE FUND&#8217;S MANAGEMENT
AGREEMENT AND THE APPROVAL OF THE SUB-INVESTMENT ADVISORY AGREEMENT (Unaudited)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><a name="15"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
</font></p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">At a meeting of the fund&#8217;s Board of Directors held on May 10, 2021 (the &#8220;Meeting&#8221;),
the Board discussed with representatives of the Adviser plans to realign Mellon Investments Corporation&#8217;s
(&#8220;Mellon&#8221;) fixed-income capabilities with Insight North America LLC (&#8220;INA&#8221;) (the &#8220;Firm Realignment&#8221;),
with such realignment scheduled to occur, subject to regulatory requirements, in the third quarter of
2021 (the &#8220;Effective Date&#8221;). The Adviser noted that, as a result of the Firm Realignment, the portfolio
managers who are currently responsible for managing the investments of the fund as employees of Mellon
in a dual employment arrangement with the Adviser, will become employees of INA as of the Effective Date.
Consequently, the Adviser proposed to engage INA to serve as the fund&#8217;s sub-investment adviser, pursuant
to a sub-investment advisory agreement between the Adviser and INA (the &#8220;New Sub-Advisory Agreement&#8221;),
to be effective on the Effective Date. In addition, the Adviser proposed amending the fund&#8217;s current
management agreement (the &#8220;Current Management Agreement&#8221;) to more clearly reflect the Adviser&#8217;s
ability to employ one or more sub-investment advisers to manage the fund on a day-to-day basis and the
Adviser&#8217;s responsibility to oversee and supervise any such sub-investment adviser, and to reflect the
engagement of INA as sub-investment adviser to the fund (as proposed to be amended, the &#8220;Amended Management
Agreement&#8221;), to be effective on the Effective Date.</p><p style="font-size:10.5pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">At the Meeting, the
Adviser recommended the approval of the New Sub-Advisory Agreement, pursuant to which INA would serve
as sub-investment adviser to the fund, and the Amended Management Agreement. The recommendation for the
approval of the New Sub-Advisory Agreement and the Amended Management Agreement was based on the following
considerations, among others: (i) approval of the New Sub-Advisory Agreement and the Amended Management
Agreement would permit the fund&#8217;s current portfolio managers to continue to be responsible for the
day-to-day management of the fund&#8217;s portfolio after the Effective Date as employees of INA; (ii) there
will be no material changes to the fund&#8217;s investment objective, strategies or policies, no reduction
in the nature or level of services provided to the fund, and no increases in the management fee payable
by the fund as a result of the proposed changes to the investment advisory arrangements; and (iii) the
Adviser (and not the fund) will pay INA for its sub-investment advisory services. The Board also considered
the fact that the Adviser stated that it believes there are no material changes to the information the
Board had previously considered at a Board meeting on November 2-3, 2020 (the &#8220;15(c) Meeting&#8221;), at
which the Board re-approved the Current Management Agreement for the ensuing year, other than the information
about the Firm Realignment and INA.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">At the Meeting, the Board members, a majority
of whom are not &#8220;interested persons&#8221; (as defined in the Investment Company Act of 1940, as amended
(the &#8220;1940 Act&#8221;)) of the fund (the &#8220;Independent Directors&#8221;), considered and approved the New
Sub-Advisory Agreement and the Amended Management Agreement. In determining whether to approve the New
Sub-Advisory Agreement and the Amended Management Agreement, the Board considered the materials prepared
by the Adviser received in </p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">61</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; text-indent:-14.4pt; font-weight:normal;
margin-left:14.4pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">INFORMATION ABOUT THE APPROVAL OF THE FUND&#8217;S MANAGEMENT
AGREEMENT AND THE APPROVAL OF THE SUB-INVESTMENT ADVISORY AGREEMENT (Unaudited)</font><font style="font-size:9.0pt;
font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;"> (continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">advance of the Meeting and other information presented at the Meeting, which included:
(i) a form of the New Sub-Advisory Agreement and a form of the Amended Management Agreement; (ii) information
regarding the Firm Realignment and how it is expected to enhance investment capabilities; (iii) information
regarding INA; and (iv) an opinion of counsel that the proposed changes to the investment advisory arrangements
would not result in an &#8220;assignment&#8221; of the Current Management Agreement under the 1940 Act and the
Investment Advisers Act of 1940, as amended, and, therefore, do not require the approval of fund shareholders.
The Board also considered the substance of discussions with representatives of the Adviser at the Meeting
and the 15(c) Meeting.</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:underline;">Nature, Extent and Quality of Services to be Provided</font><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">. In examining the nature,
extent and quality of the services that were expected to be provided by INA to the fund under the New
Sub-Advisory Agreement, the Board considered: (i) INA&#8217;s organization, qualification and background,
as well as the qualifications of its personnel; (ii) the expertise of the personnel providing portfolio
management services, which would remain the same after the Effective Date; and (iii) the investment strategy
for the fund, which would remain the same after the Effective Date. The Board also considered the review
process undertaken by the Adviser and the Adviser&#8217;s favorable assessment of the nature and quality
of the sub-investment advisory services expected to be provided to the fund by INA after the Effective
Date. Based on their consideration and review of the foregoing information, the Board concluded that
the nature, extent and quality of the sub-investment advisory services to be provided by INA under the
New Sub-Advisory Agreement, as well as INA&#8217;s ability to render such services based on its resources
and the experience of the investment team, which will include the fund&#8217;s current portfolio managers,
were adequate and appropriate for the fund in light of the fund&#8217;s investment objective, and supported
a decision to approve the New Sub-Advisory Agreement. The Board also considered, as it related to the
Amended Management Agreement, that the nature, extent and quality of the services that are provided by
the Adviser are expected to remain the same, including the Adviser&#8217;s extensive administrative, accounting
and compliance infrastructures, as well as the Adviser&#8217;s supervisory activities over the fund&#8217;s portfolio
management personnel.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:underline;">Investment Performance</font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">. The Board had considered the fund&#8217;s
investment performance and that of the investment team managing the fund&#8217;s portfolio at the 15(c) Meeting
(including comparative data provided by Broadridge Financial Solutions, Inc.). The Board considered the
performance and that the same investment professionals would continue to manage the fund&#8217;s assets after
the Effective Date, as factors in evaluating the services to be provided by INA under the New Sub-Advisory
Agreement after the Effective Date, and determined that these factors, when viewed together with the
other factors considered by the Board, supported a decision to approve the New Sub-Advisory Agreement
and the Amended Management Agreement.</font></p><p style="font-size:10.5pt; font-family:Serif; text-align:justify;
font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:underline;">Costs of Services to be Provided and Profitability</font><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.
The Board considered the proposed fee payable under the New Sub-Advisory Agreement, noting that the proposed
fee would be paid by the Adviser and, thus, would not impact the fees paid by the fund or the Adviser&#8217;s
profitability. The Board considered the fee payable to INA in relation to </font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">62</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">the fee paid to the Adviser by the fund and the respective services provided by
INA and the Adviser. The Board recognized that, because INA&#8217;s fee would be paid by the Adviser, and
not the fund, an analysis of profitability was more appropriate in the context of the Board&#8217;s consideration
of the fund&#8217;s Current Management Agreement, and that the Board had received and considered a profitability
analysis of the Adviser and its affiliates, including INA, at the 15(c) Meeting. The Board concluded
that the proposed fee payable to INA by the Adviser was appropriate and the Adviser&#8217;s profitability
was not excessive in light of the nature, extent and quality of the services to be provided to the fund
by the Adviser under the Amended Management Agreement and INA under the New Sub-Advisory Agreement.</p><p
style="font-size:10.5pt; font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:underline;">Economies
of Scale to be Realized</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">. The Board recognized that, because the fee payable to INA would be paid by the
Adviser, and not the fund, an analysis of economies of scale was more appropriate in the context of the
Board&#8217;s consideration of the Current Management Agreement, which had been done at the 15(c) Meeting.
At the 15(c) Meeting, the Board determined that the economies of scale which may accrue to the Adviser
and its affiliates in connection with the management of the fund had been adequately considered by the
Adviser in connection with the fee rate charged to the fund pursuant to the Current Management Agreement
and that, to the extent in the future it were determined that material economies of scale had not been
shared with the fund, the Board would seek to have those economies of scale shared with the fund.</font></p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The Board also considered whether there were any ancillary benefits that would
accrue to INA as a result of its relationship with the fund, and such ancillary benefits, if any, were
determined to be reasonable.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">In considering the materials and information described above,
the Independent Directors received assistance from, and met separately with, their independent legal
counsel, and were provided with a written description of their statutory responsibilities and the legal
standards that are applicable to the approval of investment advisory and sub-investment advisory agreements.</p><p
style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">After full consideration of the factors discussed above, with no single factor
identified as being of paramount importance, the Board members, a majority of whom are Independent Directors,
with the assistance of independent legal counsel, approved the New Sub-Advisory Agreement and Amended
Management Agreement for the fund effective as of the Effective Date.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">63</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.5pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">BOARD
MEMBERS INFORMATION </font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:12.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:italic;"><font
style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Independent
Board Members</font></p><p style="font-size:12.0pt; font-family:Arial; text-align:left; color:#141414;
font-weight:bold; margin-left:0.3pt; font-style:normal;"><a name="16"></a><font style="font-size:4.0pt;
font-family:Arial; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;"> </font><font
style="font-size:10.5pt; font-family:Arial; font-style:normal; color:#141414; font-weight:bold; text-decoration:none;">
</font><font style="font-size:10.5pt; font-family:Arial; font-style:normal; color:#141414; font-weight:bold;
text-decoration:none;">Joseph S. DiMartino (77)</font></p><p style="font-size:10.5pt; font-family:Arial;
text-align:left; color:#141414; font-weight:bold; margin-left:0.3pt; text-decoration:none;">Chairman
of the Board (1995)</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414;
font-weight:normal; margin-left:0.3pt; text-decoration:none;">Current term expires in 2022.</p><p style="font-size:9.0pt;
font-family:Serif; text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Principal
Occupation During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Director
and Trustee of funds in the BNY Mellon Family of Funds and certain other entities (as described in the
fund&#8217;s Statement of Additional Information) (1995-Present)</font></p><p style="font-size:9.0pt; font-family:Serif;
text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Other Public Company
Board Memberships During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left;
text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt;
font-family:Symbol; font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">CBIZ,
Inc., a public company providing professional business services, products and solutions, </font><font
style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Director</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(1997-Present)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:italic;"><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">No. of Portfolios for which Board Member Serves: </font><font style="font-size:9.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">97</font></p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:center; font-weight:normal; text-decoration:none;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p><p
style="font-size:10.5pt; font-family:Arial; text-align:left; color:#141414; font-weight:bold; margin-left:0.3pt;
text-decoration:none;">Joni Evans (79)</p><p style="font-size:10.5pt; font-family:Arial; text-align:left;
color:#141414; font-weight:bold; margin-left:0.3pt; text-decoration:none;">Board Member (2007)</p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414; font-weight:normal; margin-left:0.3pt;
text-decoration:none;">Current term expires in 2022.</p><p style="font-size:9.0pt; font-family:Serif;
text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Principal Occupation
During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">www.wowOwow.com,
an online community dedicated to women&#8217;s  conversations and publications, </font><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Chief Executive Officer</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(2007-2019)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Joni
Evans Ltd. publishing, </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">Principal</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> (2006-2019)</font></p><p style="font-size:9.0pt; font-family:Serif;
text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:9.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">No. of Portfolios for which Board Member
Serves: </font><font style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">18</font></p><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:center; font-weight:normal; text-decoration:none;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p><p style="font-size:10.5pt;
font-family:Arial; text-align:left; color:#141414; font-weight:bold; margin-left:0.3pt; text-decoration:none;">Joan
Gulley (74)</p><p style="font-size:10.5pt; font-family:Arial; text-align:left; color:#141414; font-weight:bold;
margin-left:0.3pt; text-decoration:none;">Board Member (2017)</p><p style="font-size:9.0pt; font-family:Calibri;
text-align:left; font-weight:normal; margin-left:0.3pt; text-decoration:none;">Current term expires in
2024.</p><p style="font-size:9.0pt; font-family:Serif; text-align:justify; font-weight:normal; text-decoration:none;
font-style:italic;">Principal Occupation During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif;
text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:normal;"><font
style="font-size:9.0pt; font-family:Symbol; font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Nantucket Atheneum, public library, </font><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Chair</font><font style="font-size:9.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> (2018-June 2021) and
</font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Director</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(2015-June 2021)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Orchard
Island Club, golf and beach club, </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Governor</font><font style="font-size:9.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> (2016-Present)</font></p><p style="font-size:9.0pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:italic;"><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">No. of Portfolios for
which Board Member Serves: </font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">43</font></p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:center; font-weight:normal; text-decoration:none;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">64</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Arial; text-align:left; color:#141414; font-weight:bold; margin-left:0.3pt;
text-decoration:none;">Alan H. Howard (62)</p><p style="font-size:10.5pt; font-family:Arial; text-align:left;
color:#141414; font-weight:bold; margin-left:0.3pt; text-decoration:none;">Board Member (2018)</p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414; font-weight:normal; margin-left:0.3pt;
text-decoration:none;">Current term expires in 2023.</p><p style="font-size:9.0pt; font-family:Serif;
text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Principal Occupation
During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Heathcote
Advisors LLC, a financial advisory services firm, </font><font style="font-size:9.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">Managing Partner</font><font style="font-size:9.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> (2008-Present)</font></p><p
style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol; font-style:normal;
font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Dynatech/MPX
Holdings LLC, a global supplier and service provider of military aircraft parts, </font><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">President</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(2012-2019); and </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">Board Member</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> of its two operating subsidiaries, Dynatech International
LLC  and Military Parts Exchange LLC (2012-2019), including </font><font style="font-size:9.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">Chief Executive Officer</font><font style="font-size:9.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> of an operating subsidiary,
Dynatech International LLC (2013-2019)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:left;
text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt;
font-family:Symbol; font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Rossoff
&amp; Co., an independent investment banking firm, </font><font style="font-size:9.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">Senior Advisor</font><font style="font-size:9.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> (2013-June 2021)</font></p><p
style="font-size:9.0pt; font-family:Serif; text-align:justify; font-weight:normal; text-decoration:none;
font-style:italic;">Other Public Company Board Memberships During Past 5 Years:</p><p style="font-size:9.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:normal;"><font
style="font-size:9.0pt; font-family:Symbol; font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Movado Group, Inc., a public company that designs, sources,
markets and distributes watches, </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Director</font><font style="font-size:9.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> (1997-Present)</font></p><p style="font-size:9.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:normal;"><font
style="font-size:9.0pt; font-family:Symbol; font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Diamond Offshore Drilling, Inc., a public company that provides
contract drilling services, </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Director</font><font style="font-size:9.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> (March 2020-April 2021)</font></p><p style="font-size:9.0pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">No. of Portfolios for
which Board Member Serves: </font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">18</font></p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:center; font-weight:normal; text-decoration:none;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p><p
style="font-size:10.5pt; font-family:Arial; text-align:left; color:#141414; font-weight:bold; margin-left:0.3pt;
text-decoration:none;">Robin A. Melvin (58)</p><p style="font-size:10.5pt; font-family:Arial; text-align:left;
color:#141414; font-weight:bold; margin-left:0.3pt; text-decoration:none;">Board Member (1995)</p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414; font-weight:normal; margin-left:0.3pt;
text-decoration:none;">Current term expires in 2023.</p><p style="font-size:9.0pt; font-family:Serif;
text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Principal Occupation
During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Westover
School, a private girls&#8217; boarding school in Middlebury, Connecticut, </font><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Trustee</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(2019-Present)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Mentor
Illinois, a non-profit organization dedicated to increasing the quality of mentoring services in Illinois.
</font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Co-Chair</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(2014&#8211;2020); </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">Board Member</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">, Mentor Illinois (2013-2020)</font></p><p style="font-size:9.0pt;
font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal; margin-left:10.8pt; font-style:normal;"><font
style="font-size:9.0pt; font-family:Symbol; font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font
style="word-spacing:6.4pt;">&#160;</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">JDRF, a non-profit juvenile diabetes research foundation,
</font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Board
Member </font><font style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">(June 2021-Present)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:justify;
font-weight:normal; text-decoration:none; font-style:italic;">Other Public Company Board Memberships
During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">HPS
Corporate Lending Fund, a closed-end management investment company regulated as a business development
company, </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">Trustee</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"> (August 2021-Present)</font></p><p style="font-size:9.0pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:normal;"><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">No. of Portfolios for
which Board Member Serves: </font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">76</font></p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:center; font-weight:normal; text-decoration:none;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p><p
style="font-size:10.5pt; font-family:Arial; text-align:left; color:#141414; font-weight:bold; margin-left:0.3pt;
text-decoration:none;">Burton N. Wallack (70)</p><p style="font-size:10.5pt; font-family:Arial; text-align:left;
color:#141414; font-weight:bold; margin-left:0.3pt; text-decoration:none;">Board Member (2007)</p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414; font-weight:normal; margin-left:0.3pt;
text-decoration:none;">Current term expires in 2024.</p><p style="font-size:9.0pt; font-family:Serif;
text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Principal Occupation
During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Wallack Management Company, a real estate management company,
</font><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">President
and Co-owner</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;"> (1987-Present)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:justify;
font-weight:normal; text-decoration:none; font-style:italic;">Other Public Company Board Memberships
During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; font-weight:normal;
margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">Mount Sinai Hospital Urology </font><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Board Member</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(2017-Present)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:justify; font-weight:normal;
font-style:normal;"><font style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal;
text-decoration:none;">No. of Portfolios for which Board Member Serves: </font><font style="font-size:9.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">18</font></p><p style="font-size:10.0pt;
font-family:Serif; font-style:normal; text-align:center; font-weight:normal; text-decoration:none;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">65</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">BOARD
MEMBERS INFORMATION (Unaudited) (continued)</p>
<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Arial; text-align:left; color:#141414; font-weight:bold; margin-left:0.3pt;
text-decoration:none;">Benaree Pratt Wiley (75)</p><p style="font-size:10.5pt; font-family:Arial; text-align:left;
color:#141414; font-weight:bold; margin-left:0.3pt; text-decoration:none;">Board Member (1989)</p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414; font-weight:normal; margin-left:0.3pt;
text-decoration:none;">Current term expires in 2024.</p><p style="font-size:9.0pt; font-family:Serif;
text-align:justify; font-weight:normal; text-decoration:none; font-style:italic;">Principal Occupation
During Past 5 Years:</p><p style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt;
font-weight:normal; margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol;
font-style:normal; font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">The
Wiley Group, a firm specializing in strategy and business development. </font><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Principal</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
(2005-Present)</font></p><p style="font-size:9.0pt; font-family:Serif; text-align:justify; font-weight:normal;
text-decoration:none; font-style:italic;">Other Public Company Board Memberships During Past 5 Years:</p><p
style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol; font-style:normal;
font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">CBIZ,
Inc., a public company providing professional business services, products and solutions, </font><font
style="font-size:9.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Director
</font><font style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">(2008-Present)</font></p><p
style="font-size:9.0pt; font-family:Serif; text-align:left; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Symbol; font-style:normal;
font-weight:normal; text-decoration:none;">&#183;</font><font style="word-spacing:6.4pt;">&#160;</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Blue
Cross Blue Shield of Massachusetts </font><font style="font-size:9.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Director</font><font style="font-size:9.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> (2004-2020)</font></p><p style="font-size:9.0pt;
font-family:Serif; text-align:justify; font-weight:normal; font-style:italic;"><font style="font-size:9.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">No. of Portfolios for
which Board Member Serves: </font><font style="font-size:9.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">62</font></p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:center; font-weight:normal; text-decoration:none;">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</p><p
style="font-size:9.0pt; font-family:Serif; text-align:justify; font-weight:normal; text-decoration:none;
font-style:italic;"> The address of the Board Members and Officers is c/o BNY Mellon Investment Adviser,
Inc. 240 Greenwich Street, New York, New York 10286. </p><p style="font-size:8.0pt; font-family:Serif;
text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:8.0pt; font-family:Serif;
font-style:italic; font-weight:normal; text-decoration:none;">Hodding Carter III, Emeritus Board Member</font><br><font
style="font-size:8.0pt; font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Gordon
J. Davis, Emeritus Board Member</font><br><font style="font-size:8.0pt; font-family:Serif; font-style:italic;
font-weight:normal; text-decoration:none;">Ehud Houminer, Emeritus Board Member</font><br><font style="font-size:8.0pt;
font-family:Serif; font-style:italic; font-weight:normal; text-decoration:none;">Hans C. Mautner, Emeritus
Board Member</font></p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">66</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">OFFICERS
OF THE FUND </font><font style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(Unaudited)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:bold; font-style:normal;"><a name="17"></a><font
style="font-size:4.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:8.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">
</font><font style="font-size:8.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">DAVID
DIPETRILLO, President since January 2021.</font></p><p style="font-size:8.0pt; font-family:Serif; font-style:normal;
text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Vice President and Director
of Adviser since February 2021; Head of North America Product, BNY Mellon Investment Management since
January 2018; Director of Product Strategy, BNY Mellon Investment Management from January 2016 to December
2017. He is an officer of 56 investment companies (comprised of 106 portfolios) managed by Adviser or
an affiliate of Adviser. He is 43 years old and has been an employee of BNY Mellon since 2005.</p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">JAMES
WINDELS, Treasurer since November 2001.</p><p style="font-size:8.0pt; font-family:Serif; font-style:normal;
text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Vice President of Adviser
since September 2020; Director - BNY Mellon Fund Administration, and an officer of 57 investment companies
(comprised of 128 portfolios) managed by Adviser or an affiliate of Adviser. He is 63 years old and has
been an employee of Adviser since April 1985.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">PETER M. SULLIVAN, Chief Legal Officer since July 2021 and Vice
President and Assistant Secretary since March 2019. </p><p style="font-size:8.0pt; font-family:Serif;
text-align:left; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Chief Legal Officer
of Adviser since July 2021, Associate General Counsel of BNY Mellon since July 2021;</font><font style="font-size:12.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:8.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">Senior Managing Counsel
of BNY Mellon from December 2020 to July 2021; Managing Counsel of BNY Mellon from March 2009 to December
2020, and an officer of 57 investment companies (comprised of 128 portfolios) managed by Adviser or an
affiliate of Adviser. He is 53 years old and has been an employee of BNY Mellon since April 2004.</font></p><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">JAMES
BITETTO, Vice President since August 2005 and Secretary since February 2018.</p><p style="font-size:8.0pt;
font-family:Serif; font-style:normal; text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Senior
Managing Counsel of BNY Mellon since December 2019; Managing Counsel of BNY Mellon from April 2014 to
December 2019; Secretary of Adviser, and an officer of 57 investment companies (comprised of 128 portfolios)
managed by Adviser or an affiliate of Adviser. He is 55 years old and has been an employee of Adviser
since December 1996.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414;
font-weight:bold; text-decoration:none;">DEIRDRE CUNNANE, Vice President and Assistant Secretary since
March 2019. </p><p style="font-size:8.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Counsel of BNY Mellon since August 2018; Senior Regulatory
Specialist at BNY Mellon Investment Management Services from February 2016 to August 2018. She is an
officer of 57 investment companies (comprised of 128 portfolios) managed by Adviser or an affiliate of
Adviser. She is 31 years old and has been an employee of Adviser since August 2018.</p><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">SARAH S. KELLEHER, Vice
President and Assistant Secretary since April 2014.</p><p style="font-size:8.0pt; font-family:Serif;
font-style:normal; text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Senior
Managing Counsel of BNY Mellon since September 2021, Managing Counsel from December 2017 to September
2021; Senior Counsel of BNY Mellon from March 2013 to December 2017. She is an officer of 57 investment
companies (comprised of 128 portfolios) managed by Adviser or an affiliate of Adviser. She is 46 years
old and has been an employee of Adviser since March 2013.</p><p style="font-size:8.0pt; font-family:Arial;
text-align:left; font-weight:bold; text-decoration:none;">JEFF PRUSNOFSKY, Vice President and Assistant
Secretary since August 2005.</p><p style="font-size:8.0pt; font-family:Serif; font-style:normal; text-align:left;
font-weight:normal; margin-left:7.2pt; text-decoration:none;">Senior Managing Counsel of BNY Mellon,
and an officer of 57 investment companies (comprised of 128 portfolios) managed by Adviser or an affiliate
of Adviser. He is 56 years old and has been an employee of Adviser since October 1990.</p><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">AMANDA QUINN, Vice President
and Assistant Secretary since March 2020. </p><p style="font-size:8.0pt; font-family:Serif; font-style:normal;
text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Counsel of BNY Mellon
since June 2019; Regulatory Administration Manager at BNY Mellon Investment Management Services from
September 2018 to May 2019; Senior Regulatory Specialist at BNY Mellon Investment Management Services
from April 2015 to August 2018. She is an officer of 57 investment companies (comprised of 128 portfolios)
managed by Adviser or an affiliate of Adviser.  She is 36 years old and has been an employee of Adviser
since June 2019.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; color:#141414; font-weight:bold;
margin-left:0.3pt; text-decoration:none;">NATALYA ZELENSKY, Vice President and Assistant Secretary since
March 2017. </p><p style="font-size:8.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Chief Compliance Officer (since August 2021) and Vice President
and Assistant Secretary (since February 2020) of BNY Mellon ETF Investment Adviser, LLC; Chief Compliance
Officer (since August 2021) and Vice President (since February 2020) of BNY Mellon ETF Trust; Managing
Counsel (December 2019 to August 2021) and Counsel (May 2016 to December 2019) of BNY Mellon; Assistant
Secretary of Adviser from April 2018 to August 2021. She is an officer of 57 investment companies (comprised
of 128 portfolios) managed by Adviser&#160;or an affiliate of Adviser. She is 36 years old and has been an
employee of BNY Mellon since May 2016.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">GAVIN C. REILLY, Assistant Treasurer since December 2005.</p><p
style="font-size:8.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Tax Manager-BNY Mellon Fund Administration, and an officer of 57 investment companies
(comprised of 128 portfolios) managed by Adviser or an affiliate of Adviser. He is 53 years old and has
been an employee of Adviser since April 1991.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">67</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:9.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">OFFICERS
OF THE FUND (Unaudited) </font><font style="font-size:9.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">(continued)</font></p>
<!-- PAGEBREAK_END -->
<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">ROBERT
SALVIOLO, Assistant Treasurer since July 2007.</p><p style="font-size:8.0pt; font-family:Serif; font-style:normal;
text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Senior Accounting Manager&#8211;BNY
Mellon Fund Administration, and an officer of 57 investment companies (comprised of 128 portfolios) managed
by Adviser or an affiliate of Adviser. He is 54 years old and has been an employee of Adviser since June
1989.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">ROBERT
SVAGNA, Assistant Treasurer since December 2002.</p><p style="font-size:8.0pt; font-family:Serif; font-style:normal;
text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Senior Accounting Manager&#8211;BNY
Mellon Fund Administration, and an officer of 57 investment companies (comprised of 128 portfolios) managed
by Adviser or an affiliate of Adviser. He is 54 years old and has been an employee of Adviser since November
1990.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">JOSEPH
W. CONNOLLY, Chief Compliance Officer since October 2004.</p><p style="font-size:8.0pt; font-family:Serif;
font-style:normal; text-align:left; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Chief
Compliance Officer of the BNY Mellon Family of Funds and BNY Mellon Funds Trust since 2004, Chief Compliance
Officer of Adviser from 2004 until June 2021. He is an officer of 56 investment companies (comprised
of 119 portfolios) managed by Adviser. He is 64 years old.</p>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">68</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<p style="font-size:11.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">OFFICERS
AND DIRECTORS</font><br><font style="font-size:11.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">BNY Mellon Strategic Municipals, Inc.</font></p><p style="font-size:10.5pt; font-family:Serif;
text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">240 Greenwich Street</font><br><font style="font-size:10.5pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">New York, NY 10286</font></p>
<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:42%;" >&nbsp;</td><td style="width:8%;" >&nbsp;</td><td style="width:42%;"
>&nbsp;</td><td style="width:8%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;"><p style="font-size:9.0pt; font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt;
font-weight:bold; margin-left:7.2pt; font-style:normal;"><a name="18"></a><font style="font-size:4.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:9.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font><font
style="font-size:9.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Directors</font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria; text-align:left; color:#000000;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Officers (continued)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Joseph S. DiMartino,
Chairman</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Assistant
Treasurers (continued)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Joni Evans</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">    Robert Salviolo</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Joan Gulley</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">    Robert Svagna</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Alan H. Howard</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Chief Compliance Officer</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Agency FB; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">Robin A. Melvin </font><font style="font-size:8.0pt;
font-family:Agency FB; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font></p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">    Joseph W. Connolly</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Burton N. Wallack</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria; text-align:left; color:#000000;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Portfolio Managers</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">Benaree
Pratt Wiley</font><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font></p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Daniel A. Rabasco</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;"><sup>&#8224;</sup></font><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;"> Elected
by APS Holders</font></p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Jeffrey
B. Burger</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria;
text-align:left; color:#000000; text-indent:-10.8pt; font-weight:bold; margin-left:10.8pt; text-decoration:none;">Officers</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-10.8pt; font-weight:normal;
margin-left:10.8pt; text-decoration:none;">President</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:top; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">
   David DiPetrillo</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria;
text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Adviser</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Chief Legal Officer</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">BNY Mellon Investment
Adviser, Inc.</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">
   Peter M. Sullivan</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria;
text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Custodian</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Vice President and
Secretary</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">The
Bank of New York Mellon</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">    James Bitetto</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:9.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Counsel</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Vice President and Secretaries</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; font-weight:normal; text-decoration:none;">Proskauer
Rose LLP</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">
   Deirdre Cunnane</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria;
text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Transfer
Agent,</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">
   Sarah S. Kelleher</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria;
text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Dividend
Disbursing Agent</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">    Jeff Prusnofsky</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:9.0pt;
font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">and Registrar</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">    Amanda Quinn</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Computershare Inc.</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">    Natalya Zelensky</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">(Common Stock)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Treasurer</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt;
text-decoration:none;">Deutsche Bank Trust Company America</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">    James Windels</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">(Auction Preferred Stock)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Assistant Treasurers</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:9.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; text-decoration:none;">Auction Agent</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">    Gavin C. Reilly</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal;
margin-left:7.2pt; text-decoration:none;">Deutsche Bank Trust Company America</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; color:#141414; text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">(Auction
Preferred Stock)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:9.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt; text-decoration:none;">Stock Exchange Listing</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">NYSE
Symbol: LEO</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:9.0pt; font-family:Cambria; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">Initial
SEC Effective Date</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:left; color:#000000;
font-weight:normal; text-decoration:none;">9/23/87</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;">&#160;</td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;">&#160;</td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;">&#160;</td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;">&#160;</td></tr><tr><td colspan="4" style=" vertical-align:bottom;"><p style="font-size:8.0pt;
font-family:Serif; text-align:left; font-weight:normal; text-decoration:none; font-style:italic;">The
fund&#8217;s net asset value per share appears in the following publications: Barron&#8217;s, Closed-End Bond
Funds section under the heading &#8220;Municipal Bond Funds&#8221; every Monday; and The Wall Street Journal,
Mutual Funds section under the heading &#8220;Closed-End Funds&#8221; every Monday.</p></td></tr><tr><td colspan="4"
style=" vertical-align:bottom;"><p style="font-size:8.0pt; font-family:Serif; text-align:left; font-weight:normal;
text-decoration:none; font-style:italic;">Notice is hereby given in accordance with Section 23(c) of
the Act that the fund may purchase shares of its Common Stock in the open market when it can do so at
prices below the then current net asset value per share.</p></td></tr></table>
<!-- PAGEBREAK_START -->
<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:bold; text-decoration:none;">69</p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<p style="page-break-before:always;"></p>

<div style="border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; padding:0pt
0pt 1pt 0pt;"><div style="font-size:36.0pt; font-family:Arial; text-align:left; font-weight:normal;"><font
style="font-size:36.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">For
More Information</font></div></div>
<!-- PAGEBREAK_END -->
<p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">BNY
Mellon Strategic Municipals, Inc.</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">240 Greenwich Street</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">New
York, NY 10286</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Adviser</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">BNY
Mellon Investment Adviser, Inc.</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">240 Greenwich Street</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">New
York, NY 10286</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Sub-Adviser</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">Insight
North America LLC </p><p style="margin-top: 0pt; font: normal 10pt Serif; text-align: left; margin-bottom: 0pt"><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal;
text-decoration:none;">200 Park Avenue, 7</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;"><sup>th</sup></font><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;"> Floor</font></p><p style="margin-top: 0pt; font: normal 1pt Serif; text-align: left; margin-bottom: 0pt"><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">New York, NY 10166</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Custodian</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">The
Bank of New York Mellon</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">240 Greenwich Street</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">New York, NY 10286</p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Transfer
Agent &amp;</font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Registrar (Common Stock)</font></p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">Computershare Inc.</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">480
Washington Boulevard</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">Jersey City, NJ 07310</p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; text-decoration:none;">Dividend Disbursing Agent (Common Stock)</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">Computershare
Inc.</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">P.O. Box 30170</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left; margin-bottom: 0pt">College Station, TX 77842</p><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td
style="width:20%">&nbsp;</td><td style="width:80%">&nbsp;</td></tr><tr><td style="vertical-align:top;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000; font-size:1pt;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal;
text-align:left; font-weight:bold; text-decoration:none;">Ticker Symbol:</p></td><td style="vertical-align:bottom;
border-bottom:0.5pt; border-bottom-style:solid; border-bottom-color:#000000; border-top:0.5pt; border-top-style:solid;
border-top-color:#000000;"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
font-weight:normal; text-decoration:none;">LEO</p></td></tr></table><p style="font-size:8.5pt; font-family:Serif;
text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">For more information about the fund, visit
https://im.bnymellon.com/us/en/products/closed-end-funds.jsp. Here you will find the fund&#8217;s most recently
available quarterly fact sheets and other information about the fund. The information posted on the fund&#8217;s
website is subject to change without notice. </font></p><p style="font-size:10.0pt; font-family:Serif;
text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Serif;
font-style:normal; font-weight:normal; text-decoration:none;">The fund files its complete schedule of
portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT.
The fund&#8217;s Forms N-PORT are available on the SEC&#8217;s website at </font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:underline;">www.sec.gov</font><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">.</font></p><p
style="font-size:10.0pt; font-family:Serif; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">A
description of the policies and procedures that the fund uses to determine how to vote proxies relating
to portfolio securities and information regarding how the fund voted these proxies for the most recent
12-month period ended June 30 is available at www.im.bnymellon.com</font><font style="font-size:10.0pt;
font-family:Serif; font-style:normal; color:#0000FF; font-weight:normal; text-decoration:underline;">
</font><font style="font-size:10.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">and
on the SEC&#8217;s website at www.sec.gov and without charge, upon request, by calling 1-800-373-9387.</font></p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:50%">&nbsp;</td><td style="width:50%">&nbsp;</td></tr><tr><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:8.5pt; font-family:Serif; text-align:left;
font-weight:normal; font-style:normal;"><br><font style="font-size:8.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">0853AR0921</font></p></td><td style="vertical-align:bottom;
font-size:1pt;"><p style="font-size:8.5pt; font-family:Serif; text-align:right; font-weight:normal; font-style:normal;"><img src="img_de3f810666344.jpg"></p></td></tr></table>
<!-- PAGEBREAK_START -->


<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</div></div><!-- Field: /Rule-Page -->
<!-- Field: /Include-Text -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 2.&#9;Code of Ethics.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Registrant has adopted a code of ethics
that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller,
or persons performing similar functions. There have been no amendments to, or waivers in connection with, the Code of Ethics during the
period covered by this Report.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 3.&#9;Audit Committee Financial Expert.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Registrant's Board has determined that
Alan Howard, a member of the Audit Committee of the Board, is an audit committee financial expert as defined by the Securities and Exchange
Commission (the &quot;SEC&quot;). Mr. Howard is &quot;independent&quot; as defined by the SEC for purposes of audit committee financial
expert determinations.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Item 4.&#9;Principal Accountant Fees and Services.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(a) <U>Audit Fees</U>. The aggregate fees billed for
each of the last two fiscal years (the &quot;Reporting Periods&quot;) for professional services rendered by the Registrant's principal
accountant (the &quot;Auditor&quot;) for the audit of the Registrant's annual financial statements or services that are normally provided
by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $36,686 in 2020
and $36,686 in 2021.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(b) <U>Audit-Related Fees</U>. The aggregate fees
billed in the Reporting Periods for assurance and related services by the Auditor that are reasonably related to the performance of the
audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item 4 were $30,605 in 2020 and $33,558
in 2021. These services consisted of one or more of the following: (i) agreed upon procedures related to compliance with Internal Revenue
Code section 817(h), (ii) security counts required by Rule 17f-2 under the Investment Company Act of 1940, as amended, (iii) advisory
services as to the accounting or disclosure treatment of Registrant transactions or events and (iv) advisory services to the accounting
or disclosure treatment of the actual or potential impact to the Registrant of final or proposed rules, standards or interpretations by
the Securities and Exchange Commission, the Financial Accounting Standards Boards or other regulatory or standard-setting bodies.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The aggregate fees billed in the Reporting Periods
for non-audit assurance and related services by the Auditor to the Registrant's investment adviser (not including any sub-investment adviser
whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling,
controlled by or under common control with the investment adviser that provides ongoing services to the Registrant (&quot;Service Affiliates&quot;),
that were reasonably related to the performance of the annual audit of the Service Affiliate, which required pre-approval by the Audit
Committee were $0 in 2020 and $0 in 2021.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(c) <U>Tax Fees</U>. The aggregate fees billed in
the Reporting Periods for professional services rendered by the Auditor for tax compliance, tax advice, and tax planning (&quot;Tax Services&quot;)
were $2,610 in 2020 and $3,342 in 2021. These services consisted of: (i) review or preparation of U.S. federal, state, local and excise
tax returns; (ii) U.S. federal, state and local tax planning, advice and assistance regarding statutory, regulatory or administrative
developments; (iii) tax advice regarding tax qualification matters and/or treatment of various financial instruments held or proposed
to be acquired or held, and (iv) determination of Passive Foreign Investment Companies. The aggregate fees billed in the Reporting Periods
for Tax Services by the Auditor to Service Affiliates, which required pre-approval by the Audit Committee were $0 in 2020 and $0 in 2021.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(d) <U>All Other Fees</U>. The aggregate fees billed
in the Reporting Periods for products and services provided by the Auditor, other than the services reported in paragraphs (a) through
(c) of this Item, were $0 in 2020 and $0 in 2021.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The aggregate fees billed in the Reporting Periods
for Non-Audit Services by the Auditor to Service Affiliates, other than the services reported in paragraphs (b) through (c) of this Item,
which required pre-approval by the Audit Committee, were $0 in 2020 and $0 in 2021.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">(e)(1) <U>Audit Committee
Pre-Approval Policies and Procedures</U>. The Registrant's Audit Committee has established policies and procedures (the &quot;Policy&quot;)
for pre-approval (within specified fee limits) of the Auditor's engagements for non-audit services to the Registrant and Service Affiliates
without specific case-by-case consideration. The pre-approved services in the Policy can include pre-approved audit services, pre-approved
audit-related services, pre-approved tax services and pre-approved all other services. Pre-approval considerations include whether the
proposed services are compatible with maintaining the Auditor's independence. Pre-approvals pursuant to the Policy are considered annually.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(e)(2) <U>Note</U>. None of the services described
in paragraphs (b) through (d) of this Item 4 were approved by the Audit Committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation
S-X.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">(f) None of the hours expended
on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed
to work performed by persons other than the principal accountant's full-time, permanent employees.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Non-Audit Fees</U>. The aggregate non-audit fees
billed by the Auditor for services rendered to the Registrant, and rendered to Service Affiliates, for the Reporting Periods were $726,833
in 2020 and $2,846,056 in 2021.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Auditor Independence</U>. The Registrant's Audit
Committee has considered whether the provision of non-audit services that were rendered to Service Affiliates, which were not pre-approved
(not requiring pre-approval), is compatible with maintaining the Auditor's independence.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 5.&#9;Audit Committee of Listed Registrants.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">The Registrant has a separately-designated standing Audit Committee
established in accordance with Section 3(a) (58) (A) of the Securities Exchange Act of 1934, consisting of all of the non-interested Board
members, who are: Joseph S. DiMartino, Joni Evans, Joan Gulley, Alan Howard, Robin A. Melvin, Burton N. Wallack, and Benaree P. Wiley.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 6.&#9;Investments.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">(a) <B>&#9;</B>Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 7.</B></TD><TD><B>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</B></TD></TR></TABLE>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SUMMARY OF THE FUND'S PROXY VOTING POLICY
AND PROCEDURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Fund's Board of Directors has adopted the
following procedures with respect to proxy voting by the Fund.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>Delegation of Proxy Voting Responsibility
and Adoption of Proxy Voting Procedures</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Board has delegated the authority to vote
proxies of companies held in the Fund's portfolio to Insight North America LLC (&quot;INA&quot;), the Fund's sub-investment adviser, as
described below. BNY Mellon Investment Adviser, Inc. (&quot;BNYM Investment Adviser&quot;) serves as the Fund's investment adviser.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">In addition, the Board has adopted INA's proxy
voting procedures pursuant to which proxies of companies held in the Fund's portfolio will be voted.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>Proxy Voting Operations</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Fund has engaged ISS as its proxy voting
agent to administer the ministerial, non-discretionary elements of proxy voting and reporting. Each fund in the BNY Mellon Family of Funds
bears an equal share of ISS's fees in connection with the proxy voting and related services that ISS provides in respect of the funds.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>Voting Shares of Certain Registered Investment
Companies</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Under certain circumstances, when the Fund
owns shares of another registered investment company (an &quot;Acquired Fund&quot;), the Fund may be required by the 1940 Act or the rules
thereunder, or exemptive relief from the 1940 Act and/or the rules thereunder, to vote such Acquired Fund shares in a certain manner,
such as voting the Acquired Fund shares in the same proportion as the vote of all other shareholders of such Acquired Fund.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt"><U>Policies and Procedures; Oversight</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">The CCO is responsible for confirming that the Firms have adopted
and implemented written policies and procedures that are reasonably designed to ensure that the funds' proxies are voted in the best interests
of the funds. In addition, the adequacy of such policies and procedures are reviewed at least annually, and proxy voting for the funds
is monitored to ensure compliance with the Firms' procedures, as applicable, such as by sampling votes cast for the funds, including routine
proposals as well as those that require more analysis, to determine whether they complied with the applicable Firm's Proxy Voting Procedures.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Oversight of ISS for Voting Proxies for of Designated BHC Securities.
For ISS's voting activities in respect of proxies for securities of the Designated BHCs, BNYM Investment Adviser, through its legal, operational
and administrative support groups, as well as certain BNY Mellon vendor review groups and engaged external consulting firms, shall provide
ongoing oversight of ISS in order to ensure that ISS continues to vote proxies in the best interests of the funds and shall establish
and implement measures reasonably designed to identify and address any conflicts involving ISS that can arise on an ongoing basis by requiring
ISS to provide updates regarding any changes to its business, including with respect to capacity and competency to provide proxy voting
advice, or its conflict policies and procedures.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt"><U>Review of Proxy Voting</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">BNYM Investment Adviser reports annually to the boards on the funds'
proxy voting, including information regarding: (1) proxy voting proposals that were voted; (2) proxy voting proposals that were voted
against the management company's recommended vote, but in accordance with the applicable proxy voting guidelines;</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">and (3) proxy voting proposals that were not voted, including the
reasons the proxy voting proposals were not voted.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt"><U>Availability of Fund Proxy Voting Records</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Pursuant to Rule 30b1-4 under the 1940 Act, the funds are required
to file their complete proxy voting record with the SEC on Form N-PX not later than August 31<SUP>st</SUP> of each year for the most recent
twelve-month period ended June 30<SUP>th</SUP>. In addition, this information is available, by August 31<SUP>st</SUP> of each year, at
www.im.bnymellon.com. The funds have delegated the responsibility for gathering this information, filing Form N-PX and posting voting
information to the website to BNYM Investment Adviser, with the assistance of ISS.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SUMMARY OF INA'S PROXY VOTING POLICY AND
PROCEDURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Introduction</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA has adopted this Proxy Voting Policy (&quot;Policy&quot;) for
the purpose of establishing formal policies and procedures for performing and documenting its fiduciary duty with respect to the voting
of client proxies. INA serves as investment adviser and sub-adviser to institutional separate accounts, private funds, and registered
investment companies (collectively, &quot;Clients&quot;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Pursuant to this Policy, INA shall vote proxies on behalf of Clients
for whom INA has been given and agreed to accept voting authority. The fundamental guideline followed by INA in voting proxies is to ensure
that the manner in which shares are voted is in the best interests of Clients and the values of their investments. Any general or specific
proxy voting guidelines provided by a Client or its designated agent in writing will supersede the specific guidelines in this Policy.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Additionally, the DOL views the fiduciary act of managing ERISA
plan assets to include the voting of proxies. Proxy voting decisions must be made solely in the best interests of the pension plan's participants
and beneficiaries. The DOL has interpreted this requirement as prohibiting a fiduciary from subordinating the retirement income interests
of participants and beneficiaries to unrelated objectives. The guidelines in this Policy have been formulated to ensure decision-making
consistent with these fiduciary responsibilities.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Note: this Proxy Voting Policy will be reviewed at least annually.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>II.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Client Disclosure
and Recordkeeping</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1.</FONT></TD><TD><FONT STYLE="font-size: 11pt">In addition to this Policy, Clients may obtain information on how INA voted their proxies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2.</FONT></TD><TD><FONT STYLE="font-size: 11pt">Additionally, INA will maintain proxy voting records for its advisory clients, consistent with the Advisers
Act.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3.</FONT></TD><TD><FONT STYLE="font-size: 11pt">For Clients that are registered investment companies, INA will disclose this Policy to the shareholders
of such funds and make filings with the SEC with regard to the specific proxy votes that INA cast as shareholders of portfolio securities
in accordance with the rules and regulations under the 1940 Act.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4.</FONT></TD><TD><FONT STYLE="font-size: 11pt">Certain Clients may participate in securities lending programs. If INA is aware that a material event
will occur affecting securities on loan, INA will be obligated to call such loan in time to vote the proxies; however, with respect to
other voting matters involving securities on loan, INA would generally not vote with respect to such securities.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>III.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Policy
Regarding Proxy Voting</B></P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Implicit in the initial decision to retain or invest in the security
of a corporation is approval of its existing corporate ownership structure, its management, and its operations. Accordingly, proxy proposals
that would change the existing status of a corporation will be reviewed carefully and supported only when it seems clear that the proposed
changes are likely to benefit the corporation and its shareholders. Notwithstanding this favorable predisposition, management will be
assessed on an ongoing basis both in terms of its business capability and its dedication to the shareholders to ensure that, our continued
confidence remains warranted. If it is determined that management is acting on its own behalf instead of for the well-being of the corporation,
INA will vote to support shareholder proposals, unless other mitigating circumstances are present. Additionally, situations may arise
that involve an actual or perceived conflict of interest. For example, INA may manage assets of a pension plan of a company whose management
is soliciting proxies, or an employee may have a close relative who serves as a director or executive of a company that is soliciting
proxies. In all cases, the manner in which INA votes proxies must be based on Clients' best interests and not the product of the conflict.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">In furtherance of INA's goal to vote proxies in the best interests
of clients, INA follows procedures designed to identify and address material conflicts that may arise between INA's interests and those
of its Clients before voting proxies for Client securities.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA's detailed policies and procedures with respect to conflicts
of interest and specific proxy voting guidelines can be found in Sections V. and VI. of this Policy, below.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">IV.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procedures
for Identifying Conflicts of Interest</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA will monitor the potential for conflicts of interest with respect
to proxy voting recommendations or directions both as a result of personal relationships, significant Client relationships (those accounting
for greater than 15% of annual revenues), or special circumstances that may arise during the conduct of INA's or its affiliates' business.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1.</FONT></TD><TD><FONT STYLE="font-size: 11pt">The CCO or her designee will determine whether a conflict of interest is material. A conflict of interest
will be considered material to the extent that it is determined that such conflict has the potential to influence INA's decision-making.
Further, a conflict of interest shall be deemed material in the event the issuer that is the subject of the proxy or any executive officer
of that issuer has a Client relationship with INA or its affiliates, of the type described above. All other materiality determinations
will be based on an assessment of the particular facts and circumstances. The CCO or her designee shall maintain a written record of all
materiality determinations in addition to the method used to resolve a material conflict of interest.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2.</FONT></TD><TD><FONT STYLE="font-size: 11pt">If it is determined that a conflict of interest is not material, INA will vote proxies in accordance
with the specific voting policy detailed in Section V, below.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3.</FONT></TD><TD><FONT STYLE="font-size: 11pt">If it is determined that a conflict of interest is material, one or more methods may be used to resolve
the conflict, including:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt">disclosing the conflict to the client and obtaining its consent before voting;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt">suggesting to the client that it engage another party to make a recommendation;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt">engaging a third party to recommend a vote with respect to the proxy based on application of the
policies set forth herein; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 1in; text-indent: -0.5in"><FONT STYLE="font-family: Symbol; font-size: 11pt">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt">utilizing such other method as is deemed appropriate under the circumstances given the nature of
the conflict.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">V.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Specific
Proxy Voting Guidelines</P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">This Policy and its attendant recommendations attempt to generalize
a complex subject. It should be clearly understood that specific fact situations, including differing voting practices in jurisdictions
outside the United States, might warrant departure from these guidelines. In such instances, the relevant facts will be considered, and
if a vote contrary to these guidelines is indicated it will be cast and the reasons therefore recorded in writing.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Routine Matters</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Routine proxy proposals, amendments, or resolutions are typically
proposed by management and meet the following criteria:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">a.</FONT></TD><TD><FONT STYLE="font-size: 11pt">They do not measurably change the structure, management control, or operation of the corporation.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">b.</FONT></TD><TD><FONT STYLE="font-size: 11pt">They are consistent with industry standards as well as the corporate laws of the state of incorporation.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Voting Recommendation</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA will normally support the following routine proposals:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">a.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To increase authorized common shares.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">b.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To increase authorized preferred shares as long as there are not disproportionate voting rights per
preferred share.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">c.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To elect or re-elect directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">d.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To appoint or elect auditors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">e.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To approve indemnification of directors and limitation of directors' liability.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">f.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To establish compensation levels.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">g.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To establish employee stock purchase or ownership plans.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">h.</FONT></TD><TD><FONT STYLE="font-size: 11pt">To set time and location of annual meeting.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Routine Proposals</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">a.</FONT></TD><TD><FONT STYLE="font-size: 11pt">Social Issues</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Proposals in this category involve issues of social conscience.
They are typically proposed by shareholders who believe that the corporation's internally adopted policies are ill advised or misguided.
If INA has determined that management is generally socially responsible, we typically vote against the following shareholder proposals:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To enforce restrictive energy policies.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To place arbitrary restrictions on military contracting.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To bar or place arbitrary restrictions on trade with other countries.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To restrict the marketing of controversial products.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">5)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To limit corporate political activities.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">6)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To bar or restrict charitable contributions.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">7)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To enforce a general policy regarding human rights based on arbitrary parameters.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">8)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To enforce a general policy regarding employment practices based on arbitrary parameters.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">9)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To enforce a general policy regarding animal rights based on arbitrary parameters.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">10)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To place arbitrary restrictions on environmental practices.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">b.</FONT></TD><TD><FONT STYLE="font-size: 11pt">Financial/Corporate Issues</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Proposals in this category are usually offered by management and
seek to change a corporation's legal, business or financial structure. INA will generally vote in favor of the following management proposals
provided the position of current shareholders is preserved or enhanced:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To change the state of incorporation.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To approve mergers, acquisitions or dissolution.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To institute indenture changes.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To change capitalization.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">c.</FONT></TD><TD><FONT STYLE="font-size: 11pt">Shareholder Rights</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Proposals in this category are made regularly both by management
and shareholders. They can be generalized as involving issues that transfer or realign board or shareholder voting power. INA typically
would oppose any proposal aimed solely at thwarting potential takeover offers by requiring, for example, super-majority approval. At the
same time, we believe stability and continuity promote profitability. The guidelines in this area seek to find a middle road, and they
are no more than guidelines. Individual proposals may have to be carefully assessed in the context of their particular circumstances.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA will generally vote in favor of the following management proposals:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require majority approval of shareholders in acquisitions of a controlling share in the corporation.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To institute staggered board of directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require shareholder approval of not more than 66-2/3% for a proposed amendment to the corporation's
by-laws.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To eliminate cumulative voting.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">5)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To adopt anti-greenmail charter or by-law amendments or to otherwise restrict a company's ability to
make greenmail payments.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">6)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To create a dividend reinvestment program.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">7)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To eliminate preemptive rights.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">8)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To eliminate any other plan or procedure designed primarily to discourage a takeover or other similar
action (commonly known as a &quot;poison pill&quot;).</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA will generally vote against the following management proposals:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require greater than 66-2/3% shareholder approval for a proposed amendment to the corporation's by-laws
(&quot;super-majority provisions&quot;).</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require an arbitrary fair price be offered to all shareholders that is derived from a fixed formula
(&quot;fair price amendments&quot;).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To authorize a new class of common stock or preferred stock which may have more votes per share than
the existing common stock.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To prohibit replacement of existing members of the board of directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">5)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To eliminate shareholder action by written consent without a shareholder meeting.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">6)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To allow only the board of directors to call a shareholder meeting or to propose amendments to the articles
of incorporation.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">7)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To implement any other action or procedure designed primarily to discourage a takeover or other similar
action (commonly known as a &quot;poison pill&quot;).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">8)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To limit the ability of shareholders to nominate directors.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA will generally vote in favor of the following shareholder proposals:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To rescind share purchases rights or require that they be submitted for shareholder approval, but only
if the vote required for approval is not more than 66-2/3%.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To opt out of state anti-takeover laws deemed to be detrimental to the shareholder.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To change the state of incorporation for companies operating under the umbrella of anti- shareholder
state corporation laws if another state is chosen with favorable laws in this and other areas.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To eliminate any other plan or procedure designed primarily to discourage a takeover or other similar
action.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">5)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To permit shareholders to participate in formulating management's proxy and the opportunity to discuss
and evaluate management's director nominees, and/or to nominate shareholder nominees to the board</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">6)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require that the board's audit, compensation, and/or nominating committees be comprised exclusively
of independent directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">7)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To adopt anti-greenmail charter or by-law amendments or otherwise restrict a company's ability to make
greenmail payments.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">8)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To create a dividend reinvestment program.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">9)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To recommend that votes to &quot;abstain&quot; not be considered votes &quot;cast&quot; at an annual
meeting or special meeting, unless required by state, law.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">10)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require that &quot;golden parachutes&quot; be submitted for shareholder ratification.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA will generally vote against the following shareholder proposals:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To restore preemptive rights.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To restore cumulative voting.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require annual election of directors or to specify tenure.</FONT></TD></TR></TABLE>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To eliminate a staggered board of directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">5)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require confidential voting.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">6)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To require directors to own a minimum amount of company stock in order to qualify as a director or to
remain on the .board.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">7)</FONT></TD><TD><FONT STYLE="font-size: 11pt">To dock director pay for failing to attend board meetings.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">VI.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voting Process</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">The CCO is responsible for voting proxies on behalf of Clients for
whom INA has been given and agreed to accept voting authority, and will generally vote proxies in accordance with these guidelines. In
circumstances in which the subject matter of the vote is not covered by these guidelines, or) or INA believes it may be necessary, in
the best interests of shareholders, to vote contrary to our general guidelines, the CCO will discuss the matter with the CEO and General
Counsel of INA, who will be responsible for making the definitive determination as to how the proxy matter will be voted.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Any questions regarding this Policy may be directed to the CCO of
INA.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">VII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trust Indentures</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">From time to time, INA is asked to consent to an amendment to or
grant a waiver under a trust indenture or other governing document of a specific financial instrument held by Clients. Such consents or
waivers may cover corporate actions such as tenders, exchanges, registration rights, restructurings and other transactions relating to
fixed income holdings of client accounts.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA will generally treat such requests for consents not as proxies
subject to these proxy voting policies and procedures, but as investment matters to be dealt with by the investment professional covering
such instruments, provided that such consents: (i) do not relate to the election of a board of directors or appointment of auditors for
a public company, (ii) would not otherwise materially affect the structure, management or control of a public company, and (iii) relate
to a company in which Clients hold only interests in bank loans or debt securities and are consistent with customary standards and practices
for such instruments. Determinations on voting consents or waivers to these matters are generally driven by INA's view of whether the
proposed action will result in an economic benefit for the affected Client(s).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">VIII.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recordkeeping</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">INA shall maintain the following records relating to proxy voting:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">1.</FONT></TD><TD><FONT STYLE="font-size: 11pt">a copy of these policies and procedures;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">2.</FONT></TD><TD><FONT STYLE="font-size: 11pt">a copy of each proxy solicitation (including proxy statements) and related materials with regard to
each recommendation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">3.</FONT></TD><TD><FONT STYLE="font-size: 11pt">documentation relating to the identification and resolution of conflicts of interest; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt">4.</FONT></TD><TD><FONT STYLE="font-size: 11pt">any documents created by INA that were material to a proxy voting recommendation or that memorialized
the basis for that recommendation.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">Such records shall be maintained and preserved in an easily accessible
place for a period of not less than six years from the time the last entry was made on such record, the first two years in INA's office.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Item 8.&#9;Portfolio Managers of Closed-End Management Investment
Companies.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(1) The following information is as of September
30, 2021:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Daniel Rabasco and Jeffrey Burger of Insight
North America LLC (&quot;INA&quot;), an affiliate of BNYM Investment Adviser, are primarily responsible for the day-to-day management
of the registrant&#8217;s portfolio.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Mr. Burger, a portfolio manager for tax-sensitive
strategies at INA, has served as a primary portfolio manager of the fund since July 2014. He has been employed as a portfolio manager
and analyst at INA or a predecessor company of INA since 2006.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Mr. Rabasco, a managing director and the head
of municipal bonds at INA, has served as a primary portfolio manager of the fund since July 2016. He has been employed at INA or a predecessor
company of INA since 1998.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(2) Information about the other accounts
managed by the fund&#8217;s primary portfolio managers is provided below.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 22%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Primary</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Portfolio </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Manager</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Registered Investment Companies</B></FONT></TD>
    <TD STYLE="width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Total Assets Managed</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Other Pooled Investment Vehicles</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Total Assets Managed </B></P></TD>
    <TD STYLE="vertical-align: top; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Other Accounts</B></P></TD>
    <TD STYLE="vertical-align: top; width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Total Assets Managed</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt"><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;Jeffrey Burger</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">13</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">$4.3 billion</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">None</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">N/A</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">416</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">$2.5 billion</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt"><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;&nbsp;&nbsp;Daniel Rabasco</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">14</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">$7.7 billion</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">None</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">N/A</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">60</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 11pt">$2.6 billion</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">None of the funds or accounts are subject to
a performance-based advisory fee.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Portfolio managers may manage multiple accounts
for a diverse client base, including mutual funds, separate accounts (assets managed on behalf of institutions such as pension funds,
insurance companies and foundations), bank common trust accounts and wrap fee programs (&quot;Other Accounts&quot;).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Potential conflicts of interest may arise because
of BNYM Investment Adviser's, INA's or a portfolio manager's management of the Fund and Other Accounts. For example, conflicts of interest
may arise with both the aggregation and allocation of securities transactions and allocation of limited investment opportunities, as BNYM
Investment Adviser or INA may be perceived as causing accounts it manages to participate in an offering to increase BNYM Investment Adviser's
or INA's overall allocation of securities in that offering, or to increase BNYM Investment Adviser's or INA's ability to participate in
future offerings by the same underwriter or issuer. Allocations of bunched trades, particularly trade orders that were only partially
filled due to limited availability and allocation of investment opportunities generally, could raise a potential conflict of interest,
as BNYM Investment Adviser or INA may have an incentive to allocate securities that are expected to increase in value to preferred accounts.
Initial public offerings, in particular, are frequently of very limited availability. Additionally, portfolio managers may be perceived
to have a conflict of interest if there are a large number of Other Accounts, in addition to the Fund, that they are managing on behalf
of BNYM Investment Adviser or INA. BNYM Investment Adviser and INA periodically reviews each portfolio manager's overall responsibilities
to ensure that he or she is able to allocate the necessary time and resources to effectively manage the Fund. In addition, BNYM Investment
Adviser and INA could be viewed as having a conflict of interest to the extent that BNYM Investment Adviser, INA or their affiliates and/or
portfolios managers have a materially larger investment in Other Accounts than their investment in the Fund.</P>


<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Other Accounts may have investment objectives,
strategies and risks that differ from those of the Fund. For these or other reasons, the portfolio manager may purchase different securities
for the Fund and the Other Accounts, and the performance of securities purchased for the Fund may vary from the performance of securities
purchased for Other Accounts. The portfolio manager may place transactions on behalf of Other Accounts that are directly or indirectly
contrary to investment decisions made for the Fund, which could have the potential to adversely impact the Fund, depending on market conditions.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">A potential conflict of interest may be perceived
to arise if transactions in one account closely follow related transactions in another account, such as when a purchase increases the
value of securities previously purchased by the other account, or when a sale in one account lowers the sale price received in a sale
by a second account.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">BNY Mellon and its affiliates, including BNYM
Investment Adviser, INA and others involved in the management, investment activities or business operations of the Fund, are engaged in
businesses and have interests other than that of managing the Fund. These activities and interesting include potential multiple advisory,
transactional, financial and other interesting in securities, instruments and companies that may be directly or indirectly purchased or
sold by the Fund of the Fund's service providers, which may cause conflicts that could disadvantaged the Fund.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">BNYM Investment Adviser's goal is to provide
high quality investment services to all of its clients, while meeting BNYM Investment Adviser's fiduciary obligation to treat all clients
fairly. BNYM Investment Adviser has adopted and implemented policies and procedures, including brokerage and trade allocation policies
and procedures, that it believes address the conflicts associated with managing multiple accounts for multiple clients. In addition, BNYM
Investment Adviser monitors a variety of areas, including compliance with Fund guidelines, the allocation of IPOs, and compliance with
the firm's Code of Ethics. Furthermore, senior investment and business personnel at BNYM Investment Adviser periodically review the performance
of BNYM Investment Adviser's portfolio managers.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(3) Portfolio Manager Compensation. The
portfolio managers' compensation is comprised primarily of a market-based salary and an incentive compensation plan (annual and long-term).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Funding for INA's Incentive Plan is through
a pre-determined fixed percentage of overall company profitability. Therefore, all bonus awards are based initially on INA's overall performance
as opposed to the performance of a single product or group. All investment professionals are eligible to receive incentive awards. Cash
awards are payable in the February month end pay of the following year. Most of the awards granted have some portion deferred for three
years in the form of deferred cash, INA equity, interests in investment vehicles (consisting of investments in a range of INA products),
or a combination of the above. Individual awards for portfolio managers are discretionary, based on both individual and multi-sector product
risk adjusted performance relative to both benchmarks and peer comparisons over one year, three year and five-year periods. Also considered
in determining individual awards are team participation and general contributions to INA. Individual objectives and goals are also established
at the beginning of each calendar year and are taken into account. Portfolio managers whose compensation exceeds certain levels may elect
to defer portions of their base salaries and/or incentive compensation pursuant to INA's Elective Deferred Compensation Plan.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(4) The dollar range of Fund shares beneficially
owned by the primary portfolio manager is as follows as of the end of the Fund's fiscal year:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 30%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>Primary Portfolio Manager</B></FONT></TD>
    <TD STYLE="width: 39%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>Fund</B></FONT></TD>
    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 10pt; line-height: 115%"><B>Dollar Range of Fund Shares Beneficially Owned</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 11pt">Daniel Rabasco</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 11pt; line-height: 115%">BNY Mellon Strategic Municipals, Inc.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 11pt; line-height: 115%">None</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5.4pt"><FONT STYLE="font-size: 11pt">Jeffrey Burger</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 11pt; line-height: 115%">BNY Mellon Strategic Municipals, Inc.</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 115%"><FONT STYLE="font-size: 11pt; line-height: 115%">None</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.</B></TD><TD><B>Purchases of Equity Securities by Closed-End Management Investment Companies and Affiliated Purchasers.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">None.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 10.</B></TD><TD><B>Submission of Matters to a Vote of Security Holders.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-indent: 0.5in">There have been no material changes to
the procedures applicable to Item 10.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 11.</B></TD><TD><B>Controls and Procedures.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(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-CSR 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-CSR 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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(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 period covered by this report that
have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 12.</B></TD><TD><B>Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">The fund did not participate in a securities lending program during
this period.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 13.</B></TD><TD><B>Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">(a)(1)&#9;<A HREF="ncsrcodeofethics-jan2021.htm" STYLE="-sec-extract: exhibit">Code of ethics referred to in Item 2</A>.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(2)&#9;<A HREF="exh-302_0853.htm">Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940</A>.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(3)&#9;Not applicable.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<A HREF="exh-906_0853.htm">Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940</A>.</P>


<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES<BR>
<BR>
</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">BNY Mellon Strategic Municipals, Inc.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;<U>/s/ David DiPetrillo</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;David DiPetrillo<BR>
&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;President (Principal Executive Officer)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date:&#9;November 22, 2021</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;<U>/s/ David DiPetrillo</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;David DiPetrillo<U><BR>
</U>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;President (Principal Executive Officer)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date:&#9;November 22, 2021</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By:&#9;<U>/s/ James Windels</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;James Windels<BR>
&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Treasurer (Principal Financial Officer)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date:&#9;November 22, 2021</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">(a)(1)&#9;Code of ethics referred to
in Item 2.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">(a)(2)&#9;Certifications of principal
executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certification
of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940. (EX-99.906CERT)</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>ncsrcodeofethics-jan2021.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>

<HTML>
<HEAD>
   <TITLE>ncsrcodeofethics-jan2021.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-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">THE BNY MELLON FAMILY OF
FUNDS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">BNY MELLON FUNDS TRUST</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;font-weight:normal;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Principal Executive Officer and Senior Financial
Officer</font></b></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Code of Ethics</font></b></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">I.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Covered Officers/Purpose of the
Code</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">This code of ethics (the &quot;Code&quot;), adopted by
the funds in the BNY Mellon Family of Funds and BNY Mellon Funds Trust (each, a
&quot;Fund&quot;), applies to each Fund's Principal Executive Officer,
Principal Financial Officer, Principal Accounting Officer or Controller, or
other persons performing similar functions, each of whom is listed on Exhibit A</font><i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;letter-spacing:-.1pt;"> </font></i><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(the &quot;Covered Officers&quot;),
for the purpose of promoting:</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">honest and ethical conduct,
including the ethical handling of actual or apparent conflicts of interest
between personal and professional relationships;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">full, fair, accurate, timely and
understandable disclosure in reports and documents that the Fund files with, or
submits to, the Securities and Exchange Commission (the &quot;SEC&quot;) and in
other public communications made by the Fund;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">compliance with applicable laws
and governmental rules and regulations;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">the prompt internal reporting of
violations of the Code to an appropriate person or persons identified in the
Code; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">accountability for adherence to
the Code.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Each Covered Officer should adhere to a high standard
of business ethics and should be sensitive to situations that may give rise to
actual as well as apparent conflicts of interest.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">II.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Covered Officers Should Handle
Ethically Actual and Apparent Conflicts of Interest</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Overview.&#160; </font></b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">A
&quot;conflict of interest&quot; occurs when a Covered Officer's private
interest interferes with the interests of, or his service to, the Fund.&#160; For
example, a conflict of interest would arise if a Covered Officer, or a member
of his family, receives improper personal benefits as a result of his position
with the Fund.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Certain conflicts of interest arise out of the
relationships between Covered Officers and the Fund and already are subject to
conflict of interest provisions in the Investment Company Act of 1940, as
amended (the &quot;Investment Company Act&quot;), and the Investment Advisers Act
of 1940, as amended (the &quot;Investment Advisers Act&quot;).&#160; For example,
Covered Officers may not individually engage in certain transactions (such as
the purchase or sale of securities or other property) with the Fund because of
their status as &quot;affiliated persons&quot; of the Fund.&#160; The compliance
programs and procedures of the Fund and the Fund's investment adviser (the
&quot;Adviser&quot;) are designed to prevent, or identify and correct,
violations of these provisions.&#160; The Code does not, and is not intended to,
repeat or replace these programs and procedures, and the circumstances they
cover fall outside of the parameters of the Code.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Although typically not presenting an opportunity for
improper personal benefit, conflicts arise from, or as a result of, the
contractual relationship between the Fund and the Adviser of which the Covered
Officers are also officers or employees.&#160; As a result, the Code recognizes that
the Covered Officers, in the ordinary course of their duties (whether formally
for the Fund or for the Adviser, or for both), will be involved in </font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">establishing policies and implementing decisions that will
have different effects on the Adviser and the Fund.&#160; The participation of the
Covered Officers in such activities is inherent in the contractual relationship
between the Fund and the Adviser and is consistent with the performance by the
Covered Officers of their duties as officers of the Fund and, if addressed in
conformity with the provisions of the Investment Company Act and the Investment
Advisers Act, will be deemed to have been handled ethically.&#160; In addition, it
is recognized by the Fund's Board that the Covered Officers also may be
officers or employees of one or more other investment companies covered by this
or other codes of ethics.</font></p>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_2"></a><a name="_bclPageBorder2"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">


<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Other conflicts of interest are covered by the Code,
even if such conflicts of interest are not subject to provisions in the
Investment Company Act and the Investment Advisers Act.&#160; Covered Officers
should keep in mind that the Code cannot enumerate every possible scenario.&#160;
The overarching principle of the Code is that the personal interest of a
Covered Officer should not be placed improperly before the interest of the
Fund.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Each Covered Officer must:</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">not use his personal influence or
personal relationships improperly to influence investment decisions or
financial reporting by the Fund whereby the Covered Officer would benefit
personally to the detriment of the Fund; </font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">not cause the Fund to take action,
or fail to take action, for the individual personal benefit of the Covered
Officer rather than the benefit of the Fund; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">not retaliate against any employee
or Covered Officer for reports of potential violations that are made in good
faith.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">III.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Disclosure and Compliance</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Each Covered Officer should
familiarize himself with the disclosure requirements generally applicable to
the Fund within his area of responsibility;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">each Covered Officer should not
knowingly misrepresent, or cause others to misrepresent, facts about the Fund
to others, whether within or outside the Fund, including to the Fund's Board
members and auditors, and to governmental regulators and self-regulatory
organizations;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">each Covered Officer should, to
the extent appropriate within his area of responsibility, consult with other
officers and employees of the Fund and the Adviser with the goal of promoting
full, fair, accurate, timely and understandable disclosure in the reports and
documents the Fund files with, or submits to, the SEC and in other public
communications made by the Fund; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">it is the responsibility of each
Covered Officer to promote compliance with the standards and restrictions
imposed by applicable laws, rules and regulations.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">IV.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Reporting and Accountability</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Each Covered Officer must:</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">upon adoption of the Code (or
thereafter, as applicable, upon becoming a Covered Officer), affirm in writing
to the Board that he has received, read, and understands the Code;</font></p>


</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_3"></a><a name="_bclPageBorder3"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">annually thereafter affirm to the Board
that he has complied with the requirements of the Code; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">notify the Adviser's General
Counsel (the &quot;General Counsel&quot;) promptly if he knows of any violation
of the Code.&#160; Failure to do so is itself a violation of the Code. </font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The General Counsel is responsible for applying the
Code to specific situations in which questions are presented under it and has
the authority to interpret the Code in any particular situation.&#160; However,
waivers sought by any Covered Officer will be considered by the Fund's Board.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The Fund will follow these procedures in investigating
and enforcing the Code:</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">the General Counsel will take all
appropriate action to investigate any potential violations reported to him;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">if, after such investigation, the
General Counsel believes that no violation has occurred, the General Counsel is
not required to take any further action;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">any matter that the General
Counsel believes is a violation will be reported to the Board;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">if the Board concurs that a
violation has occurred, it will consider appropriate action, which may include:
review of, and appropriate modifications to, applicable policies and
procedures; notification to appropriate personnel of the Adviser or its board;
or dismissal of the Covered Officer;</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">the Board will be responsible for
granting waivers, as appropriate; and</font></p>

<p style="margin-bottom:12.0pt;margin-left:.8in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:-.3in;"><font face=symbol lang=EN-US style="font-size:11.0pt;">&#183;</font><font face="times new roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">any waivers of or amendments to
the Code, to the extent required, will be disclosed as provided by SEC rules.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">V.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Other Policies and Procedures</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The Code shall be the sole code of ethics adopted by
the Fund for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the
rules and forms applicable to registered investment companies thereunder.&#160; The Fund's,
its principal underwriter's and the Adviser's codes of ethics under Rule 17j-1
under the Investment Company Act and the Adviser's additional policies and
procedures, including its Code of Conduct, are separate requirements applying
to the Covered Officers and others, and are not part of the Code.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">VI.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Amendments</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Except as to Exhibit A, the Code may not be amended
except in written form, which is specifically approved or ratified by a
majority vote of the Fund's Board, including a majority of independent Board
members.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">VII.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Confidentiality</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">All reports and records prepared or maintained
pursuant to the Code will be considered confidential and shall be maintained
and protected accordingly.&#160; Except as otherwise required by law or the Code,
such matters shall not be disclosed to anyone other than the appropriate Funds
and their counsel, the appropriate Boards (or Committees) and their counsel and
the Adviser</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;letter-spacing:.2pt;">.</font></p>

<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.5in;">&nbsp;</h1>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_4"></a><a name="_bclPageBorder4"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<h1 style="margin-bottom:12.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;text-indent:-.5in;"><b><font face="Times New Roman" style="font-size:11.0pt;">VIII.</font></b><b><font face="times new roman" style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><b><font face="Times New Roman" style="font-size:11.0pt;">Internal Use</font></b></h1>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">The Code is intended solely for the internal use by
the Fund and does not constitute an admission, by or on behalf of the Fund, as
to any fact, circumstance, or legal conclusion.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=right style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-indent:0in;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Dated as of:&#160; January 14, 2021</font></p>





</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</DIV><a name="page_5"></a><a name="_bclPageBorder5"></a><DIV STYLE="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p align=right style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font face="times new roman" lang=EN-US style="font-size:11.0pt;">Exhibit A</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.5in;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Persons Covered by the
Code of Ethics</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:511.199982pt;">
 <tr style="height:8.1pt;">
  <td valign=top width=34% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">David J. DiPetrillo</font></p>
  </td>
 <td valign=top width=33% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">President</font></p>
  </td>
 <td valign=top width=33% style="height:8.1pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">(Principal Executive
  Officer, BNY Mellon Family of Funds)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Patrick T. Crowe</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">President</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">(Principal Executive
  Officer, BNY Mellon Funds Trust)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=34% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=33% style="padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=34% style="height:3.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">James M. Windels</font></p>
  </td>
 <td valign=top width=33% style="height:3.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">Treasurer</font></p>
  </td>
 <td valign=top width=33% style="height:3.0pt;padding:0in 5.4pt 0in 5.4pt;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" style="font-size:11.0pt;">(Principal Financial and
  Accounting Officer)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>




</DIV>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>exh-302_0853.htm
<DESCRIPTION>CERTIFICATION REQUIRED BY RULE 30A-2
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: right">[EX-99.CERT]&#8212;Exhibit (a)(2)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECTION 302 CERTIFICATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">I, David DiPetrillo, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">1. I have reviewed
this report on Form N-CSR of BNY Mellon Strategic Municipals, Inc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">2. 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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">3. Based on my knowledge,
the financial statements, and other financial information included in this report, fairly present in all material respects the
financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to
include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">4. 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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(d) Disclosed
in this report any change in the registrant's internal control over financial reporting that occurred during the period covered
by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over
financial reporting; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">5. 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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt 13.7pt; text-align: justify; text-indent: 0in">(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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/
David DiPetrillo</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">David DiPetrillo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">President (Principal Executive Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;November
22, 2021<BR STYLE="clear: both">
</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SECTION 302 CERTIFICATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0in">I, James Windels, certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">1. I have reviewed
this report on Form N-CSR of BNY Mellon Strategic Municipals, Inc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">2. 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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">3. Based on my knowledge,
the financial statements, and other financial information included in this report, fairly present in all material respects the
financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to
include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">4. 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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(d) Disclosed
in this report any change in the registrant's internal control over financial reporting that occurred during the period covered
by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over
financial reporting; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">5. 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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 13.7pt; text-align: justify; text-indent: 0in">(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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/
James Windels</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">James Windels</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">Treasurer (Principal Financial Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;November
22, 2021</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>exh-906_0853.htm
<DESCRIPTION>CERTIFICATION REQUIRED BY SECTION 906
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">[EX-99.906CERT]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Exhibit (b)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">SECTION 906 CERTIFICATIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In connection with this
report on Form N-CSR for the Registrant as furnished to the Securities and Exchange Commission on the date hereof (the &quot;Report&quot;),
the undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/
David DiPetrillo</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 36.6pt; text-indent: 3in">David DiPetrillo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">President (Principal Executive Officer)<BR>
<BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;November
22, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/
James Windels</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">James Windels</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3.5in">Treasurer (Principal Financial Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;November
22, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>This certificate is furnished pursuant to the requirements of
Form N-CSR and shall not be deemed &quot;filed&quot; for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise
subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities
Act of 1933 or the Securities Exchange Act of 1934.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>img_37af79bac1044.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_37af79bac1044.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !3 +8# 2(  A$! Q$!_\0
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MBTV\LGANW8>';?2YKS55^RW"RQ 'ZJ45_-GXP_X+]?&+X"?!?X5?M8?M<?\
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M'2=6U_Q>OB34-6?S;[08#!HD5F\FH@12B6/["_8Q^/7Q-_::_9]\$?&_XI?
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M:Z_;%_88UG]CC]DW]E/QQ\=_$GQ6U_P3XKO_ (@:-\0_@GX)\&_#IOAMX_\
M#7B3^R?$]I\3/B)X/\2:K>^*-.M[]-'?PMI.KV5K-:L=7N[$-"D_G>I_M-_\
M%G/"/["_AO\ 9Z_9V_X)*?&WX9_M%^!_@/\ #;X6> OC)XH_:&_86\7>!O#_
M (M\%>'O#/AR[\4ZAX3OOB]J4FK:/<VVDZB\-A<:7<SA+N%FM_.CPJMZ??\
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M=XF^ WPOUO\ :(N/'?[?7Q@C^/\ ?^$M*F^-^E_$CX;?M0?&6_\ A[XH\/\
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MU/5EO;^YU2?4;W6-8U37-8U76?%%W=S>)]7U74KO4M2UBZOIFN"44D]O1?\
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84<16SAMUF*^;,LDS-(2BBI>_R7Y(#__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>img_c574fe7994064.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_c574fe7994064.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" %3 =\# 2(  A$! Q$!_\0
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M,ZK;_P#!*+X>6XVLTDFI_P#!2WX+I'D%0BQ_V?\ !V_D+'+$[XT4 <-G@O\
M^&B/^"J/_2*_X1_^+,/A=_\ .(HM'L__  %_Y?U]X>UQ'_/U?^#*7^?E_5V?
MGM_Q#>_#?_I)Y_P5+_\ #Z:#_P#,[1_Q#>_#?_I)Y_P5+_\ #Z:#_P#,[7Z$
M_P##1'_!5'_I%?\ "/\ \68?"[_YQ%'_  T1_P %4?\ I%?\(_\ Q9A\+O\
MYQ%%H]G_ . O_+^OO#VN(_Y^K_P92_S\OZNS\]O^(;WX;_\ 23S_ (*E_P#A
M]-!_^9VC_B&]^&__ $D\_P""I?\ X?30?_F=K]"?^&B/^"J/_2*_X1_^+,/A
M=_\ .(H_X:(_X*H_](K_ (1_^+,/A=_\XBBT>S_\!?\ E_7WA[7$?\_5_P"#
M*7^?E_5V?GM_Q#>_#?\ Z2>?\%2__#Z:#_\ ,[1_Q#>_#?\ Z2>?\%2__#Z:
M#_\ ,[7Z$_\ #1'_  51_P"D5_PC_P#%F'PN_P#G$4?\-$?\%4?^D5_PC_\
M%F'PN_\ G$46CV?_ ("_\OZ^\/:XC_GZO_!E+_/R_J[/SV_XAO?AO_TD\_X*
ME_\ A]-!_P#F=H_XAO?AO_TD\_X*E_\ A]-!_P#F=K]"?^&B/^"J/_2*_P"$
M?_BS#X7?_.(H_P"&B/\ @JC_ -(K_A'_ .+,/A=_\XBBT>S_ / 7_E_7WA[7
M$?\ /U?^#*7^?E_5V?GM_P 0WOPW_P"DGG_!4O\ \/IH/_S.T?\ $-[\-_\
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M5V?GO_Q#>_#?_I)Y_P %2_\ P^F@_P#S.T?\0WOPW_Z2>?\ !4O_ ,/IH/\
M\SM?H1_POO\ X*Q_](Q/V=O_ !9CX7_^ALH_X7W_ ,%8_P#I&)^SM_XLQ\+_
M /T-E%H]G_X"_P#+^OO#VN(_Y^K_ ,&4O\_+^KL_/?\ XAO?AO\ ])//^"I?
M_A]-!_\ F=H_XAO?AO\ ])//^"I?_A]-!_\ F=K]"/\ A??_  5C_P"D8G[.
MW_BS'PO_ /0V4?\ "^_^"L?_ $C$_9V_\68^%_\ Z&RBT>S_ / 7_E_7WA[7
M$?\ /U?^#*7^?E_5V?GO_P 0WOPW_P"DGG_!4O\ \/IH/_S.T?\ $-[\-_\
MI)Y_P5+_ /#Z:#_\SM?H1_POO_@K'_TC$_9V_P#%F/A?_P"ALI?^%\?\%99,
MJG_!,O\ 9LMWZB2\_P""E^AM!@=5867[,MQ<;C_ 1'MS]]@*+1[/_P !?^7]
M?>'M<1_S]C_X,I?Y^7]79^>W_$-[\-_^DGG_  5+_P##Z:#_ /,[1_Q#>_#?
M_I)Y_P %2_\ P^F@_P#S.U^A'_"\O^"MW_2-C]E3_P 65I_]"O1_PO+_ (*W
M?](V/V5/_%E:?_0KT6CV?_@+_P OZ^\/:XC_ )^Q_P#!E/R\_P"K/OK^>_\
MQ#>_#?\ Z2>?\%2__#Z:#_\ ,[1_Q#>_#?\ Z2>?\%2__#Z:#_\ ,[7Z$?\
M"\O^"MW_ $C8_94_\65I_P#0KT?\+R_X*W?](V/V5/\ Q96G_P!"O1:/9_\
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M_0KU./C-_P %;W"NO_!/+]CVV# $P77_  4;UF>>,]U>2T_92^SMZCRRP"D
ML6R 6CV_!^7E_6OF'M<1_P _8_\ @=/R\_ZU[Z_GA_Q#>_#?_I)Y_P %2_\
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M$EAG@F19(9X9HRT<T,T;+)#+&S1RQLLD;,C G\#OBA\1?VQ?&_Q$\>>#]?\
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MRQQ!XXS)(D?F2MY<2;V"[Y7.0D:YR[D8503VIF<H\K2NG=)Z>:(Z*_-+7O\
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MQ"BBB@ HHHH **** "OS,_X*N_\ ) OV=O\ M);_ ,$V?_6K/ ]?IG7YF?\
M!5W_ )(%^SM_VDM_X)L_^M6>!Z3V^:_-&E+^)#_$C].KK_CYN/\ KO+_ .C&
MIAFF9$C:61HX\;(R[%$QTV*3M7'; &*?=?\ 'S<?]=Y?_1C5^'=A^UG^U3I/
M[0'C>\U[7/B(OP2;]N;]JK]E/1M4\0?#GX"R?L_:=I?@+X7_ !#UCX-^%?"W
MB+PD6_:5C^-EW\1/#GAS3FUKXB::_P (M9LO^$ATO5-5AN+O192-VMYBC!SO
M:VBOK?7TT>I^WY=SNRS'>VY\L3O;D[FR?F;+-R<GD^II"S,<L2QP!DDDX
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M73_B4_\ ''_TI'*T444R HHIRH[G:BLYPS852QVHI=VP 3A5!9CT502< $T
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MI=W>:]<WFB^&/ GB8OK?AKP)H]Q8> ]/OIKAU\,M'<W$<ORC_P *T_X+(?\
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MPI/Q,_X2(2#Q+_PFI\$:+_;W_"4B;]^/%9O-_P#PE0N/])'B+^TQ<?OO,KZ
M6[NTD>9+FX260J9)5FD620H0R%W#!F*LJLN2=K*",$"J^<\]R<GW)Y)^IH2M
M]UO7;?[M/4F4^9)6M9WWOU>OJ[^\^MEM:P4444R HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M"/\ D:M(_P!Z^_\ 39?4GL_1_D73_B4_\<?_ $I'*T4H!)P 2>> ,G@9/'L
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M)"BBB@ HHHH **** "BBB@ HJ2**6XEC@@C>::9UCBBC4O))(YPJ(BY+,QX
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M8T4!S.UEHFDFEI>W?O\ ,<S,Q!8D[52-<]%CC18XXU'14CC58XT4!41510%
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MQ9++K]OK_BC1--U#3P:75Z+;YV;2[ZVM?975^E^<\ >(/$'[9%C\*/CMX/\
M'GCKP'^Q_P".OA-\6-%\0?L_>.O@Q=_#CXJ?&R^\:7>I^!_#GCGQ-XK\0ZA_
MPFOP_P#AG#X,CO/%_P .=,\'6'A/QEKUWKFA>*]3\2PZ7(GAZU^C_A!\)/AG
M^S_\,_#'P:^"?@K1?AG\+/!ME+I_AGP/X82Z@T73(+F_N]7O9#]KN;N]O[_4
MM8U#4-:U;5-4N[W4]5UC4+[5-1O+F^N[B>3T5W>1V>1F=W.6=R69CZLQR2?<
MFFT?U_78;E?1:1OHOOM>R5VD[<S5_D%%%%!(4444 %%%% !1110 4444 %%%
M% !75>"/^1JTC_>OO_39?5RM=5X(_P"1JTC_ 'K[_P!-E]2>S]'^1=/^)3_Q
MQ_\ 2D<K1113("BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** .?\7>+_  I\//"/BSXA>/=<M/#/@3P!X7\1>./&WB2_
MD6*R\/\ A#PCH][XA\3:U=.Y51#IFBZ=>WC D%_)$:Y=U!^#/^";'A'Q5JWP
MB\;_ +7_ ,5="NO#_P :_P#@H!X^'[37BC0=4B":O\/?@]=Z+:>&OV4?@Q<[
MHHYH%^&GP L?"]UJ-B_-OXU\9>-)) 9YY6//_P#!0,-^T!XP_9Q_X)RZ3-,]
ME^U)XFO/BM^U UE*\<VB_L/?LZZSH'B7XFZ3?307$$MBGQ\^)MS\-_@)IDAW
M+J&F>(?', CEAL[L)^FKLK,2D4,$? C@MXUAM[>)0%BM[>% (X;>",+%!#&!
M'%$B1H J@!=?3\_^&_-E_##SGJ_\">B_[>E=O_#%]1M%%%,@**** "BBB@ H
MHHH **** "BBB@ KSWX@?%[X3_"23P(OQ6^(WA3X>CXG?$+PS\*/A]'XEU6"
MROO&_P 1O&%W]C\.^#/"6FLQO=>\0ZE)O>.SL89$M;>.2]U*>RL8Y+I.;^-/
MQZ\#? .#X7R^-=)^(?B"]^,/Q:\(_!GP!X;^&?@+Q#X^\2:YXO\ %DMU*9Y[
M30[.>VT#PMX:T/3-:\4>+_%NOW5AH^A>']%U&Y\R]O4M].N<WX:?"?QMIL^H
M^(/V@_'/@SX\?$'3?BUX^\=_"?7[7X4^%_">D_ 7PEXCL/\ A%- \!_"IW&M
M>*()[3P5');>+?'6K^)+_P 3^+-9\0>)8_MEIX8DTO1K4*2TN]NFZ<N]G9K3
MK?Y7>AY_X0^"GB'XOZO\,?C)^V1\+_A1#\;/@3\5OBQXL_9[T#X=^+O&_BOP
MK\)?#?B=;?POX2UKQ#<:O<:3X7\??&J/PGIKW\_C=?!UE9>"[CQ#=:;X'M-'
MO4UC4=2^N***!-M^BV6MEZ=M=?4****!!1110 4444 %%%% !1110 4444 %
M%%% !75>"/\ D:M(_P!Z^_\ 39?5RM=5X(_Y&K2/]Z^_]-E]2>S]'^1=/^)3
M_P <?_2D<K1113("BBB@ HHHH **** "BBB@ HHKYZ_:P_:)T;]D[]G+XM_M
M":QI,OB6X^'?ACSO!W@JU6234/B-\4?$>H67A+X2?#+2;>&.:>ZU/XA_$K7?
M"_A*WAMX99DCU2>[$9CM92H-)MI)7;=EZL^$_BG_ ,%)?$GPQ_;9U3P'?> ]
M'E_8,^%7BKX6_LM_M(?M,/+<K>?"3]M3X^:=_P )C\,M,U&87']G0?!_PIHE
M[\/OAW\7==N;01>#_B)\9_"4FI:K9PZ5<6-U^NDL<D,DD,J-'+$[QR1L,,DB
M,5=&'9E8%2.Q%?"?[./[%'AGP/\ L0M^RC^T9IVG_%?6/C5X<\?^(OVS+R[9
M?+^+'QN_:$OKWQA\?M=;4(8H9HY(/%NM3Z-X(UBW$5YH.D>$/!MUICV]SH]F
M\7"_L%?$[Q_X*U;XA?\ !/?]HOQ/>>*OV@OV2M$T&^^'OQ*UR7_B:_M1_L:Z
MY=2:)\$OC[OD"-J'C3PL+,?!OX\Q0&Z;2_B1X=M-6O;J9_%\<I2O_73R\S22
MBT^1:PTD_P"9:+G2Z:[KLUV9^D=%%%,R"BBB@ HHHH ***!D\ 9)X '>@ HK
MYI_:#_;%_9F_9:N-*TCXW_%O0?#7CCQ'A?!_P@T&TUCXA?';QW.Q AM? WP/
M^'^G>)?BCXGEN&(2*YL/"YTQ6(:YU&VB#2K\XGXO_P#!0W]HT>5\ OV??"W[
M$?PUO.(?C=^W#;IXX^.=_8N&*ZCX&_8S^&/B9+3PY=2Q,DMD_P >_B_X>N(6
M*'4_ #[9+0J_]+^O-;E*#:N_=7\TM%\NLO2*;\C]"O%'B;PSX'\,ZQXU\<>)
M?#G@CP7X>MI+W7_&/C+7M)\*^%-#M(D:22YUCQ'K]YI^C:9 J*S>9>WL"G&
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M87Q[13'/IFO_ +4WQ L-;T']C3X8:D@9HYI_AOX5_P"$]_:1U33YHRL.I/\
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MUK>IQWNJWK]/^!^@NMY-N^K2?O._5NS2\[Z^6MQD_P 2_BAJ/Q-\3_#KPQ\
M_%4'A:Q^%#>,_"O[1?C/Q'X/TOX.^(?B%JVGVEQX6^&7_"(Z;KUU\:7DAFO'
MD\<:]_PANFV7AR'3;NPMFO\ 4;W3B_'Z%\-/VE/&?A?X&ZC\:OC]9?#KXD>
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MUN?'-YK^NZD^O:MX;N/#5O:WOIGA#X/6&B?%;Q!\?-9\0>-=2^*GC7X<^"/
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M_0_+S_AGK_@KC_TE-_9\_P#%9'@O_P"B(H_X9Z_X*X_])3?V?/\ Q61X+_\
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MZ-"U:^QI']K?4E+^MW_73^KL;G*.\8+K_#A_\CY:]M?E^7G_  SU_P %<?\
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MBBB@05U7@C_D:M(_WK[_ --E]7*UU7@C_D:M(_WK[_TV7U)[/T?Y%T_XE/\
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
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>img_1b46c47e8c2f4.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_1b46c47e8c2f4.jpg
M_]C_X  02D9)1@ ! 0$"6 )8  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1"  G (0# 2(  A$! Q$!_\0
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MQ"C\.:+J?_"G/A#JFO>*OAI^R[\.OC/XSO-*\+>(/#UIXWU;2W70]4UG5;0
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M / OVK9OB7;_ ++W[1\_P8\$:1\3/C!#\!_BY)\*_ASX@CLYM!\>_$5/ 'B
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1\LC]!110 4444 %%%% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>img_de3f810666344.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_de3f810666344.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !! *<# 2(  A$! Q$!_\0
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M+\9O#7BWP#9WGQ#T/4-8N8I;#4$T[3==!FTN6TLCJS_^"XO_  4(_P""@_\
MP3-\7_L[_%S]G2+X9_M!_"7XL?$/6]#\2_LO7GP2\2R_$RU\&?"?X8ZC\6/B
MKK_A_P",'AWXBW,DGF^"_"'C369[FZ^&$L/@RR@BU2:#Q!9:5?6]W^47_!0V
M;]DW]A']KK]A/]H+_@D'^T#%^TQ^W]XY^.?AKX'^(OV;[_\ :!U3]O?4?B#^
MSYXLL]:N/%$UUK_Q1\6?&;XC_!"2#5;;3/#^G>(?"OCCP2;C2O%/B2_MXI[3
M0M8NK3]U/^"FGQ2^%_A7_@H5_P $6]/\6?$KX>^%[OP_^T[^T'KWB2P\3>-O
M#&@76C>&M;_8N^/.A:=K&LVNKZI9S6&B:SJK_P!@V-_>1Q6.I:K/%H]M+/?7
M4-K*^S\WY=NFJMK\P.@^.W_!2"X^.O\ P2*^(/\ P4M_X)U?&7P+I<'PY^#G
MC[XZ7.G?$7X:?\+*DGN?A?X#\1:WXK^ 7CCPW8>/_!ES\/\ QO:^)+?3-/UC
MQ!'J>O)IUI9_VCHNE>(M#\0:1K$OGW[8?C[_ (+&_#+_ ()W>$OVI_V4?BM^
MSY\=_C=X.^$UG\5OBC\)-7_9;UW29/BAX<UT/XOOY?A;;:1\<]5O-)\3_#SP
M9J%I96_@^4Z_<?$;^PM5O=*O-/\ $>IZ/X6N/P1_X+(_L>?'/_@BSX;_ &W/
MC9^Q+X7E\7?\$RO^"C?P?^)_P=_:>_9SM9[RW\._LL_&WXK^$M8\)>"OC3X'
MM+&*>+PYX+G\1:W!#IHAMAH-M]MN?A3K T_3K_X1W/A[^W+]FXJO[.GP$)9=
MJ_!7X6DOD!=H\#:%\V>FW'.<XQS2_K^MP/P)TC_@KOX^^-__  2'_9__ &E_
MV6?CSX'^)7[;?QS^)NE? WX>_#A/V?;>XU#X@?M.ZO/J\MW^SOK/PJ3XS6\7
MPTTKP#I5_I'C'XA_&2_\>:GHFD?!KPM??%:#2);7Q?H.DC]\_P!GCP_\?/#/
MPF\+Z7^TW\2/ 7Q5^- MVNO&7BOX8?#V_P#AEX%^WW@2=]&\.>&M5\5>,=3?
M3-$D>73K36]1U6"^URWABU*[TC2+B>2PA_D:_P""3/@[]D/PU_P<F?\ !61_
MA^/@M9Z-H>A>%=8_9MMO#_BGPW>:!9>+_C-X=\!Z_P#&^]^#6FV^L7.D-KWB
M.[CU6W\2MX.MGO-#T@ZIX6B&DZ#+>:0W]J5(#\,_^"[G[6G[<7[#?[-G@S]H
M3]BWQ!\.=9\3WWQ6^'WP5C^!_C;X+ZE\1M2^)GBWXLZ^-&\+R^'/$ND_$CPC
M>Z%J%C/ UC:Z#'X>UX^(;S4((UO+"2)$F^O?^"5W[?O@W_@I=^P_\&?VK/#"
M:=IGB'Q-I#>&OB]X-TZ5Y$^'_P :/"B6^G_$+PEY<\LUY!IZ:DT6O^%C?O\
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MVGQK\*6_Q$D\1:EX]U+58=*O='\)QZ'#9VFG+?:J&DNJZ+X*>"_^";_[,/\
MP44^"OQN^$O[='B?XY?$?]HGX3^*OV&/!/PFU[]IWQ5^VEX@_MW7?$5I^T;)
MXSD\>^.OB[\3/&_PV\)6.C_!;5-%N]*M;6P\$WNMZIIES?W*:]=:?'=?%?\
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MV\2Z%\4+^V^$>HZUJGA#X<:]HUY>Z'X^U>R^'_QA7Q!!9:#>7=W=>)/#.I>
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CND?1?G$#]*K[_E)YX8_[,-\=_P#K0?PZHHHK-[_)?D@/_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
