<SEC-DOCUMENT>0000855887-22-000007.txt : 20220725
<SEC-HEADER>0000855887-22-000007.hdr.sgml : 20220725
<ACCEPTANCE-DATETIME>20220725142405
ACCESSION NUMBER:		0000855887-22-000007
CONFORMED SUBMISSION TYPE:	N-CSRS
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20220531
FILED AS OF DATE:		20220725
DATE AS OF CHANGE:		20220725
EFFECTIVENESS DATE:		20220725

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BNY MELLON STRATEGIC MUNICIPAL BOND FUND, INC.
		CENTRAL INDEX KEY:			0000855887
		IRS NUMBER:				051287040
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-CSRS
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05877
		FILM NUMBER:		221102839

	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 MUNICIPAL BOND FUND, INC.
		DATE OF NAME CHANGE:	20181030

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DREYFUS STRATEGIC MUNICIPAL BOND FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSRS
<SEQUENCE>1
<FILENAME>lp1.htm
<DESCRIPTION>FORM N-CSR
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<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: 10pt 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: 10pt">Investment Company Act file number</FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">811-05877</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: 10pt">BNY Mellon Strategic Municipal Bond Fund, 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: 10pt">(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: 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-align: center">c/o BNY Mellon Investment Adviser, Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">240 Greenwich Street</P>
    <P STYLE="font: 10pt 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: 10pt">(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: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Deirdre Cunnane, Esq.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">240 Greenwich Street</P>
    <P STYLE="font: 10pt 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: 10pt">(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: 10pt">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: 10pt">(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: 10pt Times New Roman, Times, Serif; margin: 0">Date of fiscal year end:</P>
    <P STYLE="font: 10pt 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: 10pt">11/30</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: 10pt">Date of reporting period:</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">05/31/22</P>
    <P STYLE="font: 10pt 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: 14%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
  </TABLE>
<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: 10pt 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: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>FORM N-CSR</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 1.</B></TD><TD><B>Reports to Stockholders.</B></TD></TR></TABLE>

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

<!-- Field: Include-Text; File: c0852strategicmun%2Dmay3120227.htm; Date: 2022%2D07%2D25T12:04:39; Size: 0x000D622E -->
<!-- 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 Municipal Bond Fund, 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;">SEMI-ANNUAL
REPORT</p><p style="font-size:16.0pt; font-family:Arial; text-align:center; color:#000000; font-weight:normal;
text-decoration:none;">May 31, 2022</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_707e0daba15f4.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 Municipal Bond Fund,
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;">T H E  F U N D</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;">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="#2"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">4</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;">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="#3"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">23</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 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="#4"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">24</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 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="#5"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">25</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 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="#6"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">26</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;">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="#7"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">27</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;">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="#8"><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="#9"><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="#9"><font
style="font-size:10.5pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">38</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;">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="#10"><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
font-weight:normal; text-decoration:none;">41</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;">F
O R  M O R E  I N F O R M AT I O N </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:9.0pt; font-family:Serif; text-align:left; font-weight:normal; text-decoration:none;
font-style:italic;">For the period of December 1, 2021, through May 31, 2022, as provided by Daniel Rabasco
and Jeffrey Burger, Portfolio Managers of Insight North America LLC Sub-adviser</p><p style="font-size:9.0pt;
font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Market and Fund Performance
Overview</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:normal; font-weight:normal; text-decoration:none;">For
the six-month period ended May 31, 2022, BNY Mellon Strategic Municipal Bond Fund, Inc. (the &#8220;fund&#8221;)
achieved a total return of &#8722;12.15% on a net-asset-value basis and &#8722;17.00% on a market price basis.</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"><sup>1</sup></font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;">
Over the same period, the fund provided aggregate income dividends of $0.18 per share, which reflects
a annualized distribution rate of 5.40%. In comparison, the Bloomberg U.S. Municipal Bond Index (the
&#8220;Index&#8221;), the fund&#8217;s benchmark, posted a total return of &#8722;7.32% for the same period.</font><font
style="font-size:9.0pt; font-family:Serif; font-style:normal; font-weight:normal; text-decoration:none;"><sup>2</sup></font></p><p
style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">During the reporting period, municipal bonds lost ground amid inflation fears
and rising interest rates. The fund&#8217;s performance was driven primarily by its duration positioning.</p><p
style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">The
Fund&#8217;s Investment Approach</p><p style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">The fund seeks to maximize current income exempt from federal
income tax to the extent believed by BNY Mellon Investment Adviser, Inc. to be consistent with the preservation
of capital. In pursuing this goal, the fund invests at least 80% of its assets in municipal bonds. Under
normal market conditions, the weighted average maturity of the fund&#8217;s portfolio is expected to exceed
10 years. Under normal market conditions, the fund invests at least 80% of its net assets in municipal
bonds considered investment grade or the unrated equivalent as determined by BNY Mellon Investment Adviser,
Inc. </p><p style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The fund also has issued auction-rate preferred stock (ARPS), a percentage of
which remains outstanding from its initial public offering and has invested the proceeds in a manner
consistent with its investment objective. This, along with the fund&#8217;s participation in secondary, inverse-floater
structures, has the effect of &#8220;leveraging&#8221; the portfolio, which can magnify gain-and-loss potential
depending on market conditions. </p><p style="font-size:9.0pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">Over time, many of the fund&#8217;s older,
higher-yielding bonds have matured or were redeemed by their issuers. We have attempted to replace those
bonds with investments consistent with the fund&#8217;s investment policies. We have also sought to upgrade
the fund with newly issued bonds that, in our opinion, have better structural or income characteristics
than existing holdings. When such opportunities arise, we usually look to sell bonds that are close to
their optional redemption date or maturity.</p><p style="font-size:9.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">Markets Hindered by Inflation and Rising Rates</p><p style="font-size:9.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Fixed-income
markets posted a negative performance during the reporting period, which was driven by rising inflation
and tightening monetary policy by the Federal Reserve (the &#8220;Fed&#8221;). Prior to the reporting period,
the municipal bond market benefited from policies put in place in response to the COVID-19 pandemic,
including support from the federal government. This, and a number of other factors, produced strong inflows
to the market. The fiscal health of issuers was also supported by a strengthening economy. </p><p style="font-size:9.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">A
number of headwinds emerged during the reporting period. As oil prices rose, and inflation measures reached
multi-decade highs, the outlook for inflation shifted away from the view that pricing pressures were
&#8220;transitory.&#8221; In addition, investors began to anticipate that the Fed would move to a policy of tightening.
</p><p style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">Late in 2021, Fed officials signaled that short-term interest rates would be raised,
and in March 2022, they did raise the federal funds rate by 25 basis points. In May 2022, they followed
that up with an increase of 50 basis points, bringing the federal funds rate target to 0.75% - 1.00%.
The Fed also announced that its quantitative tightening program, in which it begins to reduce its bond
holdings, would begin in June 2022. </p><p style="font-size:9.0pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">Historically, municipal bonds have been
perceived as a safe haven from turmoil in fixed-income markets. But the persistence of higher-than-expected
inflation, combined with measures from the Fed </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:9.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">to combat it, led to significant outflows from municipal bond mutual funds during
the period. The need for fund managers to meet redemptions added to the market&#8217;s downward momentum.
</p><p style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">While headwinds prevailed over most of the period, credit fundamentals in the
municipal market remain strong. In addition, turmoil has resulted in more attractive valuations in many
segments of the market, creating the potential for outperformance in the future. </p><p style="font-size:9.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">In
fact, late in the reporting period, attractive values began to bring investors back into the market.
In addition, the normal seasonal decline in supply, combined with the seasonal reinvestment of maturing
bonds, provided some support.</p><p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:bold;
text-decoration:none;">Duration Positioning Drove Results</p><p style="font-size:9.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">The fund&#8217;s performance
was driven primarily by the impact of rising inflation and interest rates on the market generally and
on longer-term issues in particular, which are hurt more by rising interest rates Lower credit-quality
issues, which pay higher yields, also were especially harmed during the reporting period. In addition,
the firm&#8217;s use of tender-offer bonds, which added leverage and duration to the fund, also hampered
performance. </p><p style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:justify;
font-weight:normal; text-decoration:none;">On the other hand, the fund&#8217;s performance was helped by
the relatively strong performance of higher-quality bonds. In addition, short- and intermediate-maturity
bonds also benefited performance.</p><p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:bold;
text-decoration:none;">Near-Term Interest Rate Volatility </p><p style="font-size:9.0pt; font-family:Serif;
font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">Given high inflation
and the Fed&#8217;s tightening stance, rising interest rate volatility should define the near-term outlook.
The degree of interest rate volatility will depend on the success of the Fed in bringing inflation down
from 40-year highs. Credit fundamentals, however, remain strong, and with the market&#8217;s recent volatility,
valuations have become attractive, potentially providing investment opportunities.</p><p style="font-size:9.0pt;
font-family:Serif; font-style:normal; text-align:justify; font-weight:normal; text-decoration:none;">We
will continue to emphasize security selection, with a focus on strong fundamentals and attractive valuations,
and to look for opportunities to add incremental yield. Fund duration will be maintained close to current
levels.</p><p style="font-size:9.0pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">June 15, 2022</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. 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 reflect the absorption of certain fund expenses by The BNY
Mellon Investment Adviser, Inc. pursuant to an undertaking in effect through November 30, 2022, at which
time it may be extended, terminated or modified. Had these expenses not been absorbed, the fund&#8217;s returns
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;">Source:
Lipper, Inc. ---The Bloomberg U.S. Municipal Bond Index (the &#8220;Index&#8221;) 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. Distribution rate per share is based upon dividends per
share paid from net investment income during the period, annualized and 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, all of
which are more fully described in the fund&#8217;s prospectus. Generally, all other factors being equal,
bond prices are inversely related to interest-rate changes, and rate increases can cause price declines.
</p><p style="font-size:8.0pt; font-family:Serif; text-align:left; font-weight:normal; text-decoration:none;
font-style:italic;">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. </p><p style="font-size:8.0pt; font-family:Serif; text-align:left;
font-weight:normal; text-decoration:none; font-style:italic;">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;">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: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;">May 31, 2022 (Unaudited)</p>
<!-- PAGEBREAK_END -->
<p style="font-size:1.0pt; 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></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
$1,362,758)</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;">1,241,591</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><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;">1,250,248</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 - 145.0%</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 - 5.4% </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;">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;">5.50</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;">6/1/2030</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;">1,800,000</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;">1,789,663</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;">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;">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;">1,232,750</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;">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;">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;">6/1/2050</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;">1,503,753</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;">7.75</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;">10/1/2046</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;"><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;">6,095,080</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;">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:normal; text-decoration:none;">5,669,719</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;">2,745,000</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;">2,835,675</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;">19,126,640</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
- 7.5% </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;">Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving
Fund 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;">11/1/2046</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;">1,500,000</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;">1,465,457</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;">4,305,000</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;">4,915,959</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;">1,503,738</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. 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;">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;">1,500,000</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;">1,537,522</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;">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>


<!-- 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 - 145.0%</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 - 7.5% (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;">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;">1,500,000</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;">1,590,301</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 (Legacy Traditional Schools 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;">7/1/2049</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;">1,775,000</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;">1,804,550</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;">1,345,000</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;">1,519,583</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;">14.66</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">4,550,000</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;">5,140,519</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
(Legacy Traditional Schools 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;">6.75</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;">7/1/2044</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;"><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;">1,065,876</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;">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;">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;">3,037,425</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;">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;">3,003,971</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;">26,584,901</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 - 9.3% </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;">California Community
Choice Financing Authority, Revenue Bonds (Green Bond) 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;">8/1/2031</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>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;">1,553,925</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;">California Municipal Finance Authority, Revenue Bonds (Community
Health 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;">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;">2/1/2051</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;">1,483,804</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;">1,500,000</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;">1,529,620</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 Diego County Regional
Airport 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;">7/1/2056</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;">4,940,000</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;">5,310,256</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;">13.19</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;">5,010,323</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;">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:9.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">STATEMENT
OF INVESTMENTS (Unaudited) (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
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 - 145.0%</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 - 9.3% (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;">Tender Option Bond Trust Receipts (Series 2016-XM0387), (Los
Angeles Department of Airports, Revenue Bonds (Los Angeles International Airport)) 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;">13.13</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;">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;">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,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;">6,121,375</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-XM0390), (The
Regents of the University of California, 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;">13.19</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;">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;">6,260,000</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;">6,442,571</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;">14.85</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">5,190,000</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;">5,587,403</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;">33,039,277</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 - 4.1% </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;">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;">4,000,000</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;">3,697,937</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
Airport System, 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;">12/1/2048</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;">2,300,000</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;">2,449,983</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;">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;">3,167,571</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;">Sterling Ranch Community
Authority Board, Revenue Bonds (Insured; Municipal Government Guaranteed) 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;">12/1/2047</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;">1,250,000</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;">1,256,984</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;">14.26</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">3,260,000</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;">3,837,242</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;">14,409,717</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
- 1.9% </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;">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;">5/1/2038</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;">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;">1,136,703</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 (Connecticut College) Ser. M</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">7/1/2052</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;">1,500,000</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;">1,500,359</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;">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>


<!-- 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 - 145.0%</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;">Connecticut - 1.9% (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;">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;">1,995,276</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;">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;">530,000</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;">532,611</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 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;">5/1/2041</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;">1,290,000</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;">1,481,026</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;">6,645,975</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
- 4.5% </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;">Metropolitan Washington Airports Authority, Revenue Bonds, Refunding (Dulles Metrorail)
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;">956,920</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;">15.18</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;">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;">14,834,680</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;">15,038,569</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;">15,995,489</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 - 8.7% </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;">1,600,000</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;">1,587,262</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;">11/15/2048</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;">2,627,833</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 Higher Educational
Facilities Financial Authority, Revenue Bonds (Ringling College 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;">3/1/2049</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;">2,110,075</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;">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;">1,506,855</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;">Lee County Industrial
Development Authority, Revenue Bonds (Shell Point/Waterside Health 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;">11/15/2049</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;">1,540,000</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;">1,577,483</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;">5,775,000</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;">6,135,686</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;">2,000,000</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;">1,601,414</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;">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;">960,283</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;">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: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 (Unaudited) (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
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 - 145.0%</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 - 8.7% (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;">9.83</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">2,980,000</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;">3,060,686</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;">11.39</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">5,552,559</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 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;">11.33</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">4,065,000</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;">4,052,568</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;">30,772,704</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 - 5.6% </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;">Atlanta Water &amp; Wastewater, Revenue Bonds (Proctor Creek)
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;">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</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;">617,528</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;">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;">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;">498,815</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;">15.19</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;">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;">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,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;">6,136,182</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;">15.05</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">2,720,000</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;">2,902,220</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;">12.73</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">4,220,000</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;">4,593,551</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 Atlanta Development 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;">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;">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;">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;">1,062,057</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
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 - 145.0%</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 - 5.6% (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;">4,200,000</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;">4,181,268</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;">19,991,621</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 - .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;">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;">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:bold; text-decoration:none;">2,522,733</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 - 13.5% </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;">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;">12/1/2033</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;">1,317,811</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, 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;">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;">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;">425,374</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, 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;">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;">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;">532,793</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;">3,271,454</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. 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;">1/1/2024</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,265,000</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;">1,299,877</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;">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;">3,133,384</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;">Chicago II Wastewater
Transmission, 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;">1/1/2039</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;">2,330,000</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;">2,429,609</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;">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;">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;">4,192,552</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;">12/1/2057</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; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">1,095,190</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;">1,084,793</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;">1,000,000</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;">1,087,545</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;">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;">2,964,662</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.
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;">11/1/2030</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;">1,500,000</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;">1,629,710</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;">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;">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;">3,259,283</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 (Plymouth Place 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;">5.25</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;">5/15/2025</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;">1,000,000</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;">1,086,983</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;">2,500,000</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;">2,651,036</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 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>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:normal; text-decoration:none;">1,384,123</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 (Unaudited) (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
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 - 145.0%</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 - 13.5% (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;">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;">1,001,213</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;">1/1/2039</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;">2,250,000</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;">2,279,612</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;">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;">1/1/2032</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;">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;">2,303,105</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;">13.19</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;">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;">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;">9,547,033</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;">47,977,142</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 - 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;">Indiana Finance Authority, Revenue Bonds (Green Bond)</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">4,425,000</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;">3,702,611</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;">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;">3,757,362</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;">7,459,973</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;">Iowa - 1.3% </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;">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;">5.00</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;">1,589,254</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;">1,000,000</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;">843,955</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;">1,400,000</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;">1,355,037</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;">1,000,000</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;">993,461</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;">4,781,707</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
- 1.6% </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;">Christian County, Revenue Bonds, Refunding (Jennie Stuart 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;">2/1/2044</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;">2,800,000</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;">2,929,320</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;">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;">2,560,000</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;">2,631,505</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;">5,560,825</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
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 - 145.0%</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;">Louisiana - 3.1% </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;">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;">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;">2,356,716</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;">14.85</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">8,195,000</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;">8,608,912</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;">10,965,628</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
- 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;">Maryland Economic Development Corp., Revenue Bonds (Green Bond) (Purple Line Transit
Partners) 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;">6/30/2052</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;">1,575,000</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;">1,666,303</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;">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;">3,461,774</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;">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;">932,674</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;">13.19</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;">7/1/2042</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;">4,000,000</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;">4,197,591</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;">10,258,342</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
- 5.1% </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;">Massachusetts Development Finance Agency, Revenue Bonds, Refunding (UMass Memorial
Health Care Obligated Group) Ser. K</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">7/1/2038</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;">2,130,000</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;">2,248,118</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;">7/1/2029</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;">1,000,000</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;">1,109,862</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. G</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">7/1/2046</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;">1,250,000</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;">1,219,585</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 (Unaudited) (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
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 - 145.0%</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;">Massachusetts - 5.1% (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-XM0386), (University
of Massachusetts Building Authority, 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;">13.18</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;">5/1/2043</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;">7,409,991</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;">7,635,602</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;">13.45</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;">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;">5,250,000</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;">5,783,098</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;">17,996,265</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 - 5.3% </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;">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;">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;">2,142,968</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 Building Authority, 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;">4/15/2054</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;">2,506,756</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 (Beaumont Spectrum) 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;">4/15/2042</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;">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;">1,014,768</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 (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;">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;">1,047,303</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;">Michigan Strategic Fund, Revenue Bonds (AMT-I-75 Improvement
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;">6/30/2048</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;">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:normal; text-decoration:none;">5,073,756</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;">Pontiac School District,
GO</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align: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;">5/1/2050</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;">3,000,000</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;">3,036,231</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;">11.30</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;">3,900,000</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;">3,846,929</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;">18,668,711</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
- 1.2% </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;">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;">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:bold; text-decoration:none;">4,210,942</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
- 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;">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;">6/1/2053</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;">2,000,000</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;">2,003,154</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
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 - 145.0%</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 - 2.6% (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;">St. Louis Land Clearance for Redevelopment Authority, Revenue
Bonds (National Geospatial Intelligence Agency)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">4,715,000</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;">4,941,084</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;">The Missouri Health &amp; Educational Facilities Authority,
Revenue Bonds (Lutheran Senior Services 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;">2/1/2042</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;">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;">1,037,855</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, Refunding (Lutheran Senior Services Projects)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">2/1/2046</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;">1,200,000</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;">1,225,677</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;">9,207,770</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
- .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;">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;">2,385,000</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;">2,301,735</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 - 1.4% </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;">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;">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;">5,112,975</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 - .4% </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 (Springpoint Senior Living 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;">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;">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;">1,373,240</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 - 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;">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;">6/1/2030</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;">1,081,696</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;">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;">10/1/2024</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">2,370,000</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;">2,447,463</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;">1,365,000</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;">1,454,117</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;">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;">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;">1,630,962</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;">1/1/2048</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;">2,400,000</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;">2,452,106</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;">South Jersey Port Corp.,
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;">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;">1/1/2042</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;">2,025,000</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;">2,107,792</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;">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;">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;">4,250,000</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;">4,448,196</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 (Unaudited) (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
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 - 145.0%</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 - 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;">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;">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;">1,615,666</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;">1,670,000</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;">1,717,881</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;">18,955,879</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 - 7.7% </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;">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;">1,501,880</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 (Hotel Unit Fee) (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;">5,600,000</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>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:normal; text-decoration:none;">1,556,621</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;">3,400,000</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;">3,414,693</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;">937,270</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 (JFK
International Air Terminal)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;"
>&nbsp;</td><td style="vertical-align: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;">12/1/2042</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;">1,850,000</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;">1,981,324</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;">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;">3,000,000</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;">3,126,982</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;">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;">12/1/2035</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;">1,100,000</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;">1,177,765</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;">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;">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;">998,664</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;">Port Authority of New York &amp; New Jersey, Revenue Bonds,
Ser. 221</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align: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;">7/15/2055</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;">2,250,000</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;">2,251,967</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;">Tender Option Bond
Trust Receipts (Series 2022-XM1004), (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;">5.55</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;">11/15/2047</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;">5,400,000</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;">5,284,522</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
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 - 145.0%</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 - 7.7% (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;">Triborough Bridge &amp; Tunnel 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;">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;">5/15/2051</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;">3,235,000</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;">3,654,533</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;">Westchester County
Local Development Corp., Revenue Bonds, Refunding (Purchase Senior Learning 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;">7/1/2056</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;">1,500,000</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;">1,406,897</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;">27,293,118</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 - .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;">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;">1,557,077</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 Turnpike
Authority, Revenue Bonds (Triangle Expressway) (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;">1/1/2055</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;">1,500,000</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;">1,518,893</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;">3,075,970</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 - 4.1% </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;">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;">1,210,677</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;">10,650,000</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;">10,818,275</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;">Centerville, Revenue
Bonds, Refunding (Graceworks Lutheran Services 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;">5.25</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;">11/1/2047</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;">1,500,000</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;">1,507,641</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;">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;">1,057,058</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;">14,593,651</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 - .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;">Medford
Hospital Facilities Authority, Revenue Bonds, Refunding (Asante 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;">8/15/2039</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;">1,009,846</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;">11/15/2056</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;">1,000,000</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;">915,902</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;">1,925,748</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
- 3.6% </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;">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;">1,510,000</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;">1,741,552</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 (Unaudited) (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
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 - 145.0%</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;">Pennsylvania - 3.6% (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;">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;">1,000,000</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;">1,053,542</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 Industrial Development Authority, Revenue Bonds
(Menno-Haven 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;">12/1/2054</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;">961,218</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 Economic
Development Financing Authority, Revenue Bonds, Refunding (Presbyterian Senior Living)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">7/1/2046</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;">1,000,000</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;">1,005,494</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;">11/1/2033</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;">2,805,000</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;">2,945,322</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;">1,453,516</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;">1,672,981</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;">9/1/2039</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;">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;">2,055,926</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;">12,889,551</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;">Rhode Island - .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;">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;">9/15/2037</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;">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;">556,070</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;">South
Carolina - 3.8% </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;">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;">999,931</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;">South Carolina Public Service Authority, Revenue Bonds, Refunding
(Santee Cooper)</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align: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;">12/1/2055</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;">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;">1,933,047</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;">10.34</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">10,200,000</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,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;">10,460,315</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;">13,393,293</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
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 - 145.0%</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;">Tennessee - .9% </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-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;">12.86</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">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,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;">3,106,273</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 - 14.3% </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;">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;">2,683,849</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;">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;">1,000,000</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;">1,087,449</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 (IDEA
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;">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;">8/15/2047</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;">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;">1,982,895</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;">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;">2,614,818</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;">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;">3,164,713</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;">2,510,720</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;">10/1/2045</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;">2,000,000</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;">2,026,143</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;">11/15/2051</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;">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>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:normal; text-decoration:none;">1,874,168</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;">Love Field Airport Modernization Corp., Revenue Bonds (Southwest
Airlines 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;">5.00</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;">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;">1,012,405</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;">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;">1,065,481</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 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;">13.19</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;">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;">12,450,000</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;">12,727,758</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 2022-XF1291), (North
Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B) Non-recourse, Underlying Coupon Rate (%) 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;">3.83</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">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;">8,747,400</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 (Unaudited) (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
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 - 145.0%</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 - 14.3% (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;">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;">6,150,000</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;">6,417,725</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, Refunding (LBJ Infrastructure 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;">6/30/2040</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;">1,350,000</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;">1,334,454</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, Refunding (LBJ Infrastructure 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;">6/30/2039</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;">1,500,000</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;">1,485,637</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;">50,735,615</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 - 1.3% </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;">Puerto Rico, 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;">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;">7/1/2024</p></td><td style="vertical-align:bottom; background-color:#D9D9D9;
font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size:7.5pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">113,629</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:normal; text-decoration:none;">104,486</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, 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;">7/1/2033</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;">284,274</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:normal; text-decoration:none;">168,717</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, 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;">7/1/2033</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;">220,898</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">216,626</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, 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;">7/1/2037</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;">170,415</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">164,835</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, 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;">7/1/2041</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;">231,699</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">220,097</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, 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;">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;">198,557</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">192,060</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, 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;">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;">240,964</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">225,439</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, 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;">5.25</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;">7/1/2023</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;">246,710</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">250,015</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, 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;">5.38</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;">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;">246,018</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">259,077</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, 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;">5.63</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;">7/1/2027</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;">243,790</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">266,257</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, 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;">5.63</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;">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;">239,835</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">265,381</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;">Puerto Rico, 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;">5.75</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;">7/1/2031</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;">232,950</p></td><td
style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">263,916</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 Highway &amp; Transportation Authority, Revenue
Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. CC</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">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;">2,123,623</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;">4,720,529</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
- 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;">Salt Lake City, 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;">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;">1,565,000</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;">1,662,231</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;">2,000,000</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;">2,044,462</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;">3,706,693</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 - 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;">Henrico
County Economic Development Authority, 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;">10.93</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">8/23/2027</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;"><p
style="font-size:7.5pt; font-family:Cambria; text-align:left; font-weight:normal; text-decoration:none;
vertical-align:super;"><sup>c</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;">5,055,264</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
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 - 145.0%</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 - 5.7% (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 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;">15.20</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">8,735,399</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 College Building Authority, Revenue Bonds (Green Bond)
(Marymount 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;">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;">7/1/2045</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;"><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;">1,007,902</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;">12/31/2052</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;">4,350,000</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;">4,520,005</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, Refunding (95 Express Lanes)</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td style="vertical-align: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;">1/1/2048</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;">1,000,000</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;">963,361</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;">20,281,931</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
- 4.5% </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;">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;">2,144,530</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</p></td><td style="vertical-align:bottom; background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td><td
style="vertical-align: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;">4/1/2044</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;">981,802</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;">8.13</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;">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;">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;">10,394,153</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 Higher Education Facilities Authority, Revenue Bonds
(Seattle 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;">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;">1,200,000</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;">1,205,526</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 (Transforming Age 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;">1/1/2055</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;">1,465,000</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;">1,358,658</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;">16,084,669</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 - 2.4% </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 (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;">7/1/2055</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;">1,750,000</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;">1,763,426</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 (CHF - Wilmington) (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;">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;">7/1/2058</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;">3,665,000</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;">3,890,064</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 (Gannon 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;">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;">5/1/2042</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;">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;">785,568</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 (Unaudited) (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
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 - 145.0%</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 - 2.4% (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;">5/15/2042</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;">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;">740,848</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;">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;">1,232,176</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;">8,412,082</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 $517,727,415)</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;">514,695,384</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 $519,090,173)</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;">145.3%</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;">515,945,632</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;">(31.4%)</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;">(111,633,628)</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;">(13.9%)</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;">(49,300,000)</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;">355,012,004</p></td><td style="vertical-align:bottom;
background-color:#D9D9D9; font-size:1pt;" >&nbsp;</td></tr></table><p style="margin-bottom: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt"><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="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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 May 31, 2022, these securities were valued at $207,913,788
or 58.57% of net assets.</font></p><p style="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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;">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="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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;">These securities are prerefunded; the date shown represents
the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which
are held in escrow and are used to pay principal and interest on the municipal issue and to retire the
bonds in full at the earliest refunding date.</font></p><p style="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt"><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;">Security issued with a zero coupon. Income is recognized through
the accretion of discount.</font></p>
<!-- 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: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;">25.6</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;">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;">20.2</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;">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;">18.2</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;">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;">16.0</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;">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;">12.7</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;">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;">9.6</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;">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;">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;">6.2</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;">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;">5.7</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;">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;">5.1</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;">5.0</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;">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;">3.2</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;">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;">1.6</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;">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;">.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;">Prerefunded</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; 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;">145.3</p></td></tr></table><p style="margin-bottom: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt"><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="margin-top: 0pt; font: normal italic 8pt Serif; text-decoration: none; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt">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;">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>


<!-- 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;">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>

<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;">May 31, 2022 (Unaudited)</p>
<!-- PAGEBREAK_END -->
<p style="font-size:9.0pt; font-family:Arial; 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: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:56.12%;" >&nbsp;</td><td style="width:1.79%;" >&nbsp;</td><td
style="width:1.11%;" >&nbsp;</td><td style="width:20.58%;" >&nbsp;</td><td style="width:1.48%;" >&nbsp;</td><td
style="width:17.57%;" >&nbsp;</td><td style="width:1.35%;" >&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;"> 519,090,173 </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;"> 515,945,632 </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;"> 5,869,733 </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;"> 7,514,845 </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;"> 41,786 </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;">
529,371,996 </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;"> 224,485 </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;"> 121,164,671 </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;"> 1,691,035 </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 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: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;"> 1,482,859 </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;"> 349,717 </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;"> 26,400 </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;">Directors&#8217; 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:bottom;
background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;"> 17,987 </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;"> 4,196
</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;"> 98,642 </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;">
125,059,992 </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 A, B and C, par value $.001 per share (1,972 shares issued and outstanding at $25,000 per share
liquidation value)&#8212;Note 1</p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid;
border-bottom-color:#F2F2F2; background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">&#160;</p></td><td style="vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; background-color:#D9D9D9;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000; font-weight:bold; text-decoration:none;">
49,300,000 </p></td><td style="vertical-align:bottom; border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2;
background-color:#D9D9D9; font-size:1pt;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right;
color:#000000; font-weight:bold; text-decoration:none;">&#160;</p></td></tr><tr><td colspan="3" style=" vertical-align:bottom;
border-bottom:1pt; border-bottom-style:solid; border-bottom-color:#F2F2F2; border-top:1pt; border-top-style:solid;
border-top-color:#F2F2F2; background-color:#D9D9D9;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:left; font-weight:bold; text-decoration:none;">Net Assets Applicable to Common Shareholders
($)</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;"> 355,012,004 </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;">      (49,428,691
shares </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; font-weight:normal;
text-decoration:none;">       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;"> 49,429 </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;"> 368,386,722 </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;"> (13,424,147)</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;">
355,012,004 </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;">(110 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;"> 49,428,691 </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;">7.18</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;">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: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;">Six
Months Ended May 31, 2022 (Unaudited)</p>
<!-- PAGEBREAK_END -->
<p style="font-size:9.0pt; font-family:Arial; 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><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-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#000000; 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; 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;
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; 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; 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;
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; 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-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;"> 10,813,188 </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;">Investment
advisory 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;"> 1,076,283 </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;"> 613,577 </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; text-decoration:none;">Administration
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;"> 538,142 </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;"> 73,030 </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;"> 50,135 </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;"> 41,328 </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;"> 20,057 </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;"> 20,042 </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;"> 12,826 </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;"> 6,433 </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;"> 4,110 </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;"> 23,139 </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;">
2,479,102 </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;"> (215,257)</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;"> 2,263,845 </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;">Net Investment Income</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;"> 8,549,343 </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;"> (4,758,911)</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;">
(54,094,665)</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;"> (58,853,576)</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;"> (108,710)</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
(Decrease) 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;"> (50,412,943)</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;">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>

<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;">Six
Months Ended May 31, 2022 (Unaudited)</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: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;">
(81,687,181)</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;">
103,443,361 </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;">
(105,322)</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
income received</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;"> 11,425,730 </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;"> (661,466)</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;"> (1,435,365)</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;"> (264,073)</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;"> 30,715,684 </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;"> (7,354,062)</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;"> (17,540,000)</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;"> (24,894,062)</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;"> 5,821,622 </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;"> 48,111 </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;">
5,869,733 </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
(Decrease) 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;"> (50,412,943)</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 (Decrease) 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 Shareholders 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;"> 24,824,056 </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;"> 612,542 </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 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;"> (29,159)</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 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;"> (25,654)</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;"> 1,691,035 </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;"> (47,889)</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 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;"> 3,388
</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 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;"> 15,314 </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;"> (9,671)</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;"> 54,094,665 </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;">
30,715,684 </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;"> 60,028 </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;">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: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="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:2.79%;" >&nbsp;</td><td style="width:39.04%;" >&nbsp;</td><td
style="width:7.32%;" >&nbsp;</td><td style="width:2.8%;" >&nbsp;</td><td style="width:21.15%;" >&nbsp;</td><td
style="width:1.21%;" >&nbsp;</td><td style="width:1.21%;" >&nbsp;</td><td style="width:1.21%;" >&nbsp;</td><td
style="width:21.15%;" >&nbsp;</td><td style="width:2.12%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;
border-bottom:1.5pt; border-bottom-style:solid; border-bottom-color:#000000; 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; 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><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:#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;
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-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; 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;
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-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; 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;
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; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; font-weight:normal; text-decoration:none;">Six Months Ended </font><br><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; font-weight:normal; text-decoration:none;">May
31, 2022 (Unaudited)</font></p></td><td colspan="3" 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; 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; 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; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; font-weight:normal; text-decoration:none;">Year Ended</font><br><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; font-weight:normal; text-decoration:none;"> November 30, 2021</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; font-size:1pt;"><p
style="font-size:8.0pt; font-family:Cambria; text-align:right; 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;">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;">Net 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;
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;"> 8,549,343 </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;"> 18,221,657 </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;"> (4,758,911)</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;"> (936,258)</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;"> (54,094,665)</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;"> 7,729,741 </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;"> (108,710)</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;"> (50,742)</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;"> (50,412,943)</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;"> 24,964,398 </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;">
(8,896,949)</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;">
(17,791,743)</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;"> 60,028 </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;"> -   </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;"> 60,028 </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;"> -   </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;"> (59,249,864)</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;"> 7,172,655 </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;"> 414,261,868 </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;"> 407,089,213 </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;"> 355,012,004 </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;"> 414,261,868 </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;"> 7,180 </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;"> -   </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: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;">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>

<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="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: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:35%;" >&nbsp;</td><td style="width:3.75%;" >&nbsp;</td><td style="width:15%;"
>&nbsp;</td><td style="width:9.25%;" >&nbsp;</td><td style="width:9.25%;" >&nbsp;</td><td style="width:9.25%;"
>&nbsp;</td><td style="width:9.25%;" >&nbsp;</td><td style="width:9.25%;" >&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;"
>&nbsp;</td><td colspan="2" style=" vertical-align:top; border-top:1.5pt; border-top-style:solid; border-top-color:#000000;
background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria; text-align:right; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Six Months Ended</p></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;" >&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:right; color:#000000;
font-weight:normal; text-decoration:none;">May 31, 2022</p></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; color:#000000; font-weight:normal; text-decoration:none;">Year
Ended November 30,</p></td></tr><tr><td colspan="3" 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;">(Unaudited)</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;">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
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:#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 colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p
style="font-size: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;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">8.38</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;">8.24</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;">8.30</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;">7.91</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;">8.29</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;">8.19</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:#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
colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p 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
investment income</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;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">.17</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;">.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;">.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;">.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;">.47</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</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:#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;"><p style="font-size:8.0pt; font-family:Cambria;
text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(1.19)</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;">.13</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;">(.09)</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;">(.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;">.13</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:#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
to Preferred Shareholders </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">from net investment income</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; 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; 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;">(.01)</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;">(.02)</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:#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;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">(1.02)</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;">.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;">.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;">.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;">.01</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;">.60</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:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Distributions 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; 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
colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p 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 net investment </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">income</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;">(.18)</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)</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)</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;">(.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;">(.50)</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:#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 Auction </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">Preferred Stock tender as a discount</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;">-</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;">-</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;">.04</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
colspan="2" style=" vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size: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;"><p style="font-size:8.0pt;
font-family:Cambria; text-align:right; color:#000000; font-weight:normal; text-decoration:none;">7.18</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;">8.38</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;">8.24</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;">8.30</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;">7.91</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;">8.29</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom;
border-bottom:1pt; 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:1pt; 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;">6.67</p></td><td
style="vertical-align:bottom; border-bottom:1pt; 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;">8.24</p></td><td style="vertical-align:bottom; border-bottom:1pt;
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;">7.66</p></td><td
style="vertical-align:bottom; border-bottom:1pt; 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;">8.19</p></td><td style="vertical-align:bottom; border-bottom:1pt;
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;">7.13</p></td><td
style="vertical-align:bottom; border-bottom:1pt; 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;">8.40</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom;
border-top:1pt; 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:1pt;
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; font-style:normal;"><font style="font-size:8.0pt;
font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">(17.00)</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>c</sup></font></p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">12.46</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">(1.87)</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">21.12</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">(10.14)</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">10.46</p></td></tr></table>
<!-- 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>

<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:25.64%;" >&nbsp;</td><td style="width:14.36%;" >&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><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;" >&nbsp;</td><td colspan="2" style=" vertical-align:top; border-top:1.5pt; border-top-style:solid;
border-top-color:#000000; background-color:#D9D9D9;"><p style="font-size:7.5pt; font-family:Cambria;
text-align:right; color:#141414; font-weight:normal; text-decoration:none;">Six Months Ended</p></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;" >&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:right; color:#000000;
font-weight:normal; text-decoration:none;">May 31, 2022</p></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; color:#000000; font-weight:normal; text-decoration:none;">Year
Ended November 30,</p></td></tr><tr><td colspan="3" 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;">(Unaudited)</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;">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
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:#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 colspan="2" style=" vertical-align:bottom;
background-color:#D9D9D9;"><p 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 </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">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>d</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; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">1.30</font><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">1.20</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;">1.56</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;">1.86</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;">1.73</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;">1.41</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:#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;">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>d</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; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">1.19</font><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">1.09</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;">1.44</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;">1.75</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;">1.62</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;">1.28</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:#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 related to </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">floating rate notes issued to average net </font><br><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">assets
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>d</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; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">.32</font><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">.25</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;">.60</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</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;">.72</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;">.35</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:#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 to </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">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>d</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; font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#000000; font-weight:normal; text-decoration:none;">4.48</font><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">4.39</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;">4.98</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;">5.05</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;">5.78</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;">5.87</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:#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 </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;"><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;">1.15</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">1.07</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;">1.38</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;">1.66</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;">1.51</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;">1.15</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:#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;"><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;">1.05</font><font style="font-size:8.0pt; font-family:Cambria;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">.97</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;">1.28</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;">1.56</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;">1.41</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;">1.05</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:#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 related to </font><br><font style="font-size:8.0pt; font-family:Cambria; font-style:normal;
color:#141414; font-weight:normal; text-decoration:none;">floating rate notes issued 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;"><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;">.29</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">.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;">.53</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;">.80</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;">.29</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:#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 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;"><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;">3.97</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>e</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;">3.92</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;">4.43</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;">4.50</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;">5.02</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;">4.79</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:#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;"><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;">18.00</font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;"><sup>c</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;">9.10</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;">26.56</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;">41.28</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;">24.57</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;">11.20</p></td></tr><tr><td colspan="2" style=" vertical-align:bottom;
border-bottom:1pt; 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;">Asset Coverage of Preferred Stock,</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</font></p></td><td style="vertical-align:bottom; border-bottom:1pt; 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;">820</p></td><td style="vertical-align:bottom;
border-bottom:1pt; 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;">940</p></td><td
style="vertical-align:bottom; border-bottom:1pt; 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;">926</p></td><td style="vertical-align:bottom; border-bottom:1pt;
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;">932</p></td><td
style="vertical-align:bottom; border-bottom:1pt; 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;">892</p></td><td style="vertical-align:bottom; border-bottom:1pt;
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;">540</p></td></tr><tr><td
colspan="2" style=" vertical-align:bottom; border-top:1pt; 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:1pt; 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;">355,012</p></td><td style="vertical-align:bottom;
border-top:1pt; 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;">414,262</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">407,089</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">409,972</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">390,350</p></td><td
style="vertical-align:bottom; border-top:1pt; 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;">409,095</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:#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;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">49,300</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;">49,300</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;">49,300</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;">49,300</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;">49,300</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;">93,000</p></td></tr><tr><td
colspan="2" 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;"><p style="font-size:8.0pt; font-family:Cambria; text-align:right; color:#000000;
font-weight:normal; text-decoration:none;">121,165</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;">138,705</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;">152,185</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;">182,074</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;">162,357</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;">109,669</p></td></tr></table><p style="margin-bottom: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt"><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;">Based
on average common shares outstanding.</font></p><p style="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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;">Not annualized.</font></p><p style="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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;">Does not reflect the effect of dividends to Preferred Shareholders.</font></p><p style="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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;">Annualized.</font></p><p style="margin-top: 0pt; font: normal italic 8pt Serif; text-decoration: none; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt">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; font-style:normal;"><font
style="font-size:11.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">NOTES
TO FINANCIAL STATEMENTS </font><font style="font-size:10.0pt; 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:Arial; text-align:left; font-weight:bold; font-style:normal;"><a name="8"></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 Municipal Bond Fund,
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 seek 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.
Insight North America LLC (the &#8220;Sub-Adviser&#8221;), a wholly-owned subsidiary of BNY Mellon and an affiliate
of the Adviser, serves as the fund&#8217;s sub-adviser.  The fund&#8217;s Common Stock trades on the New York
Stock Exchange (the &#8220;NYSE&#8221;) under the ticker symbol DSM.</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
698 Series A shares, 662 Series B shares and 612 Series C shares, 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><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 Joni Evans and Robin A. Melvin 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 </p>
<!-- 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: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 (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;">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><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>
<!-- 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>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">Investments in securities 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><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 May 31, 2022</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>
<!-- 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: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 (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 -->
<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;">1,250,248</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;">1,250,248</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;">514,695,384</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;">514,695,384</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;">(121,164,671)</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;">(121,164,671)</p></td><td style="vertical-align:top; font-size:1pt;"
>&nbsp;</td></tr></table><p style="margin-bottom: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt"><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="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt"><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 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
</font></p>
<!-- 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>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">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: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 net investment income 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
May 27, 2022, the Board declared a cash dividend of $.030 per share from investment income-net, payable
on June 30, 2022 to Common shareholders of record as of the close of business on June 14, 2022. The ex-dividend
date was June 13, 2022.</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. Dividend rates as of May 31, 2022, for each series of APS were as
follows: Series A-1.305%, Series B-1.305% and Series C-1.305%. 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 May 31, 2022 for each series of APS
were as follows: Series A-.454%, Series B-.443% and Series C-.429%.</font></p>
<!-- 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:normal; font-weight:normal; text-decoration:none;">NOTES
TO FINANCIAL STATEMENTS (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: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 May 31, 2022, 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 May 31, 2022, 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 three-year period ended November 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;">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; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">The fund has an unused capital loss carryover of $8,624,863 available for federal
income tax purposes to be applied against future net realized capital gains, if any, realized subsequent
to November 30, 2021. The fund has $6,379,671 of short-term capital losses and $2,245,192 of long-term
capital losses which can be carried forward for an unlimited period.</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 year ended November 30, 2021 was as follows: tax-exempt
income $17,842,485. The tax character of current year distributions will be determined at the end of
the current fiscal year. </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 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. </font></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>


<!-- PAGEBREAK_END -->
<p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">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.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">NOTE
2&#8212;Investment Advisory Fee,  Sub-Advisory Fee, Administration 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 an investment advisory agreement with the Adviser, the management fee is computed at the annual rate
of .50% of the value of the fund&#8217;s average weekly net assets, inclusive of the outstanding APS, and
is payable monthly. The fund also has an administration agreement with the Adviser and a custody agreement
with The Bank of New York Mellon (the &#8220;Custodian&#8221;), a subsidiary of BNY Mellon and an affiliate of
the Adviser. The fund pays in the aggregate for administration, custody and transfer agency services,
a monthly fee based on an annual rate of .25% of the value of the fund&#8217;s average weekly net assets,
inclusive of the outstanding APS. All out-of-pocket transfer agency and custody expenses, including custody
transaction expenses, are paid separately by 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 Adviser has undertaken,
from December 1, 2021 through November 30, 2022, to waive receipt of a portion of the fund&#8217;s investment
advisory fee, in the amount of .10% of the value of the fund&#8217;s average weekly net assets (including
net assets representing APS outstanding). The reduction in expenses, pursuant to the undertaking, amounted
to $215,257 during the period ended May 31, 2022.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal;
text-align:justify; font-weight:normal; text-decoration:none;">Pursuant to a sub-advisory agreement between
the Adviser and the Sub-Adviser, the Adviser pays the Sub-Adviser a monthly fee at an annual rate of
..24% of the value of the fund&#8217;s average weekly net assets, (including net assets representing APS outstanding).
</p><p style="font-size:10.5pt; font-family:Serif; text-align:justify; color:#121212; font-weight:normal;
font-style:normal;"><font style="font-size:10.5pt; font-family:Serif; font-style:normal; color:#000000;
font-weight:bold; text-decoration:none;">(b) </font><font style="font-size:10.5pt; font-family:Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">The fund has an arrangement
with the Custodian whereby</font><font style="font-size:10.5pt; font-family:Serif; font-style:normal;
color:#121212; font-weight:normal; text-decoration:none;"> 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 as an expense offset in the Statement of Operations.</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 compensates the Custodian under a custody agreement for providing custodial services for the fund.
These fees are determined based on transaction activity. During the period ended May 31, 2022</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 $4,110 for out-of-pocket and custody transaction expenses, pursuant to the custody agreement.</font></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 May 31, 2022, the fund was charged $6,433 for services
performed by the Chief Compliance Officer and his staff. These </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 (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;">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: investment advisory fees of $166,766, Administration
fees of $83,383, Custodian fees of $6,233 and Chief Compliance Officer fees of $2,497, which are offset
against an expense reimbursement currently in effect in the amount of $34,394.</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 May 31, 2022, amounted to $76,874,165
and $78,223,833, 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 remaining cash flows of the Inverse Floater Trust, after payment of interest on the other
securities and various expenses of the Inverse Floater Trust. An Inverse Floater Trust may be collapsed
without the consent of the fund due to certain termination events such as bankruptcy, default or other
credit event.</font></p><p style="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 </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; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">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
May 31, 2022 was approximately $127,419,012, with a related weighted average annualized interest rate
of .97%.</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">At May 31, 2022, accumulated net unrealized depreciation on investments was $3,144,541,
consisting of $12,286,237 gross unrealized appreciation and $15,430,778 gross unrealized depreciation.
</p><p style="font-size:10.5pt; font-family:Serif; font-style:normal; text-align:justify; font-weight:normal;
text-decoration:none;">At May 31, 2022, the cost of investments for federal income tax purposes was substantially
the same as the cost for financial reporting purposes (see the Statement of Investments).</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: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="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><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, 2022.</font></p><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr style="font-size:1pt;"><td
style="width:3.89%;" >&nbsp;</td><td style="width:39.08%;" >&nbsp;</td><td style="width:19.18%;" >&nbsp;</td><td
style="width:12.3%;" >&nbsp;</td><td style="width:25.54%;" >&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:11.0pt; font-family:Calibri; text-align:left; 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:11.0pt; font-family:Calibri; text-align:left; 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><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; 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; font-weight:normal; 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 two Class II 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></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;
font-weight:normal; text-decoration:none;">Alan H. Howard</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;">37,508,947</p></td><td
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;">2,039,603</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; font-weight:normal; 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: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;">145</p></td><td 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;">1,522</p></td></tr></table><p style="margin-bottom: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt"><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
terms of the Class II Directors will expire in 2025.</font></p><p style="margin-top: 0pt; font: normal italic 8pt Serif; text-align: left; text-indent: -10.8pt; margin-left: 10.8pt; margin-bottom: 0pt"><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;">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:10.0pt; font-family:Serif; font-style:normal; text-align:center; font-weight:normal;
text-decoration:none;">This page intentionally left blank.</p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:center; font-weight:normal; text-decoration:none;"> </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:10.0pt; font-family:Serif; font-style:normal; text-align:center; font-weight:normal;
text-decoration:none;">This page intentionally left blank.</p><p style="font-size:10.0pt; font-family:Serif;
font-style:normal; text-align:center; font-weight:normal; text-decoration:none;"> </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>

<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 Municipal Bond Fund, 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="10"></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:8.0pt; font-family:Cambria; text-align:left; color:#000000;
text-indent:-7.2pt; font-weight:bold; 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: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;">
   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;
font-style:normal;"><font style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414;
font-weight:normal; text-decoration:none;">Joni Evans</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:9.0pt; font-family:Cambria; text-align:left; color:#141414;
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; 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;">Daniel A. Rabasco</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;">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: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: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;">Burton N. Wallack</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;">Benaree
Pratt Wiley</p></td><td 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;">Investment
Adviser and Administrator</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;">Gordon Davis</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; 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;">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; 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:9.0pt; font-family:Cambria;
text-align:left; color:#141414; 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; 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;&#8224;</sup></font><font
style="font-size:8.0pt; font-family:Cambria; font-style:normal; color:#141414; font-weight:normal; text-decoration:none;">
 Advisory Board Member</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;">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:9.0pt;
font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold; margin-left:7.2pt;
text-decoration:none;">Officers</p></td><td 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;">President</p></td><td
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;">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;">    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;">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;">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:9.0pt; font-family:Cambria; text-align:left; color:#141414;
text-indent:-7.2pt; font-weight:normal; margin-left:7.2pt; text-decoration:none;">Dividend -Paying 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;">    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;">Disbursing Agent 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;">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; font-weight:normal; 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;">    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: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;">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:#000000; 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;">    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:8.0pt;
font-family:Cambria; text-align:left; color:#000000; 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;">    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:#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;">    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:8.0pt; font-family:Cambria; text-align:left; color:#000000; 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;">    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;">(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;">    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: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;"><p
style="font-size: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;">NYSE Symbol: DSM</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:9.0pt; font-family:Cambria; text-align:left; color:#141414; text-indent:-7.2pt; font-weight:bold;
margin-left:7.2pt; 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;"><p
style="font-size: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</p></td><td 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;">11/22/89</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;">    Daniel Goldstein</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></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size: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 Martella</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></tr><tr><td style="vertical-align:bottom;
background-color:#D9D9D9;"><p style="font-size: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; 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;">    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;
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;">    Robert Salviolo</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></tr><tr><td
style="vertical-align:bottom; background-color:#D9D9D9;"><p style="font-size: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><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; 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 -->


<!-- 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 Municipal Bond Fund, Inc.</p><p style="margin-bottom: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left">240 Greenwich Street</p><p style="margin-top: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left">New
York, NY 10286</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Adviser
and Administrator</p><p style="margin-bottom: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left">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">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-bottom: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left">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: bold 10pt Arial; text-decoration: none; text-align: left">Custodian</p><p style="margin-bottom: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left">The
Bank of New York Mellon</p><p style="margin-top: 3pt; 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">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-bottom: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left">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">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-bottom: 0pt; font: normal 10pt Serif; text-decoration: none; text-align: left">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">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="text-align: left; vertical-align: top; border-bottom: #000000 0.5pt solid; border-top: #000000 0.5pt solid"><p style="font-size:10.0pt; font-family:Serif; font-style:normal; text-align:left;
font-weight:normal; text-decoration:none;">DSM</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;">0852SA0522</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_adc0960348364.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: 10pt Times New Roman, Times, Serif; margin: 0"></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: 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: 10pt 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: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 2.</B></TD><TD><B>Code of Ethics.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.75in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 3.</B></TD><TD><B>Audit Committee Financial Expert.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.75in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 4.</B></TD><TD><B>Principal Accountant Fees and Services.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.75in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 5.</B></TD><TD><B>Audit Committee of Listed Registrants.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.75in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 6.</B></TD><TD><B>Investments.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">(a) <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 7.</B></TD><TD><B>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.75in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 8.</B></TD><TD><B>Portfolio Managers of Closed-End Management Investment Companies.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.75in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><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: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.75in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 10.</B></TD><TD><B>Submission of Matters to a Vote of Security Holders.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in">There have been no material
changes to the procedures applicable to Item 10.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 11.</B></TD><TD><B>Controls and Procedures.</B></TD></TR></TABLE>

<P STYLE="font: 10pt 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: 10pt 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>


<!-- 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 -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt 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: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-indent: 0.25in">Not applicable.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 13.</B></TD><TD><B>Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">(a)(1)&#9;Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(2)&#9;<A HREF="exhibit302-852.htm" STYLE="-sec-extract: exhibit">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: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(a)(3)&#9;Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<A HREF="exhibit906-952.htm" STYLE="-sec-extract: exhibit">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: 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: 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">SIGNATURES<BR>
<BR>
</P>

<P STYLE="font: 10pt 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: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">BNY Mellon Strategic Municipal Bond Fund, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By:&#9;<U>/s/ David DiPetrillo</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">David DiPetrillo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">President (Principal Executive Officer)</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">Date:&#9;July 21, 2022</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: 10pt 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: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By:&#9;<U>/s/ David DiPetrillo</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">David DiPetrillo</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">President (Principal Executive Officer)</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">Date:&#9;July 21, 2022</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: 10pt Times New Roman, Times, Serif; margin: 0">By:&#9;<U>/s/ James Windels</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">James Windels</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Treasurer (Principal Financial Officer)</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">Date:&#9;July 21, 2022</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: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></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 12pt; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt 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: 10pt 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.CERT
<SEQUENCE>2
<FILENAME>exhibit302-852.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 Municipal Fund, 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 21,
2022<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 Municipal Fund, 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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 3in">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 21,
2022</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>3
<FILENAME>exhibit906-952.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: 0; text-indent: 3in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;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;July 21,
2022</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;July 21,
2022</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>5
<FILENAME>img_707e0daba15f4.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_707e0daba15f4.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 +8# 2(  A$! Q$!_\0
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M1?*8Q>,_"ND6WC'0$FN!YA'B3X?6VC:9!*GVSQ1,L4UQ7ZI?\%P?^"2_@O\
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M>P?MA7D<WPXU/XC_ -D_9/[,_L-_A%YFKK.9&U)_BCJ]_P"*-T=W&DTGRO\
M"/\ 8<_X*J>%_P#@N'\1?^"J7B?]F[]EVT\"?&CX6>%_V=/$OPYTW]KOQ%J>
MN>!? MI/\(]$U;XIZ;J[_LYV$/BW7;70/AG-K5K\/9=,\/07M[JRZ,WC"U%I
M_:L[NK/II][NO^"!X[_P>4M>)^Q?^Q.^GPV]Q?K^WKX):QM[N9[:TGO%^%/Q
M4-M#=7$<<LD%O+,$2::.*1XHV9TC=E"G]%4^-/\ P6(?_@H+_P $[/!/Q_\
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M?CY ?T"T5_.=_P $^-,^.GQ?^*][\2/B'\//^"A'BK0+;]L[]M:SA_:%N?\
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M&S^).D_M@:M\.- ^(/PC_:G^,'@72_%7PN^(7_!7^7X)".^C\!>,=+\/>,[
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MU.ROK6>VO]6TO4=$T:_T[4;J*6\LKW2-,NK::*>PM)(O:?\ @G3HVCQ?%?\
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J,5UJ#VO[-/A&UM7OKB-%ENWMK9$MX&G>0PP*L496-0H***'O\E^2 __9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>img_adc0960348364.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_adc0960348364.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$T[3==!FTN6TLCJS_^"XO_  4(_P""@_\
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M:=IGB'Q-I#>&OB]X-TZ5Y$^'_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>
