<SEC-DOCUMENT>0001752724-19-111384.txt : 20190827
<SEC-HEADER>0001752724-19-111384.hdr.sgml : 20190827
<ACCEPTANCE-DATETIME>20190827130924
ACCESSION NUMBER:		0001752724-19-111384
CONFORMED SUBMISSION TYPE:	NPORT-EX
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190827

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Delaware Investments National Municipal Income Fund
		CENTRAL INDEX KEY:			0000895574
		IRS NUMBER:				411737161
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		NPORT-EX
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07410
		FILM NUMBER:		191056276

	BUSINESS ADDRESS:	
		STREET 1:		ONE COMMERCE SQUARE
		STREET 2:		2005 MARKET STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		18005231918

	MAIL ADDRESS:	
		STREET 1:		ONE COMMERCE SQUARE
		STREET 2:		2005 MARKET STREET
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DELAWARE INVESTMENTS FLORIDA INSURED MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	20020327

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VOYAGEUR FLORIDA INSURED MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	19930519

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VOYAGEUR FLORIDA INSURD MUNICIPAL INCOME FUND
		DATE OF NAME CHANGE:	19930122
<MULTI-ACCESSION-NUMBERS>
ACCESSION NUMBER:		0001752724-19-109596
</MULTI-ACCESSION-NUMBERS>
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>1
<FILENAME>investments_national_m.htm
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<P style="TEXT-ALIGN: left"><FONT size=6 face=Frutiger-Roman,Arial,Helvetica,sans-serif>Schedule of investments</FONT><BR><BR><B><FONT size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>Delaware Investments</FONT></B><B><SUP><FONT size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>&#174; </FONT></SUP></B><B><FONT size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>National Municipal Income Fund</FONT></B><BR><BR><FONT size=2 face=Frutiger-Roman,Arial,Helvetica,sans-serif>June 30, 2019 (Unaudited)</FONT></P>

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<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



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   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

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   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds - 146.60%</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporate Revenue Bonds - 13.10%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporate Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Buckeye, Ohio Tobacco</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tobacco Settlement Financing</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Settlement Financing</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporation, Louisiana</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Asset-Backed Note</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Asset-Backed Senior Turbo</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.25% 5/15/35</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>460,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>502,453</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-2 5.875% 6/1/47</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>490,690</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tobacco Settlement Financing</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Central Plains Energy Project</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporation, New Jersey</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue, Nebraska</FONT></TD>

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   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 6/1/46</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>130,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>145,240</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Project No. 3)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 6/1/46</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>335,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>359,636</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 9/1/36</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>225,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>289,019</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>TSASC Revenue, New York</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Commonwealth Financing</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Settlement) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/1/41</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>60,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>65,418</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Valparaiso, Indiana</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Tobacco Master</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Pratt Paper Project) 7.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Settlement Payment)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1/1/44 (AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>240,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>281,038</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>4.00% 6/1/39 (AGM)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,015,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,105,152</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Florida Development Finance</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8,716,886</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Surface Transportation</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education Revenue Bonds - 27.36%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Arizona Industrial</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Virgin Trains USA</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Passenger Rail Project)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 144A 6.50%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(American Charter Schools</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1/1/49<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>#</FONT><FONT size=3 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8226;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>475,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>461,990</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Foundation Project) 144A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Golden State Tobacco</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.00% 7/1/47 #</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>330,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>370,471</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Securitization, California</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California Educational</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-1 5.00% 6/1/47</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,313</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Louisiana Local Government</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Loma Linda University)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Environmental Facilities &amp;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 4/1/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>577,345</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Community Development</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Stanford University)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series V-1 5.00% 5/1/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,475,470</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Westlake Chemical)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>East Hempfield Township,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 6.50% 8/1/29</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>645,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>678,850</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Industrial</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-1 6.50% 11/1/35</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>255,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>270,193</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>M-S-R Energy Authority,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Student Services Income -</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California Gas</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Student Housing Project)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 6.50% 11/1/39</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>377,117</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 7/1/35</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,059,710</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series C 7.00% 11/1/34</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,500,680</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Health &amp; Educational Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York Transportation</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority of the State of</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Missouri</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Delta Air Lines, Inc. -</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(St. Louis College of</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LaGuardia Airport</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pharmacy Project) 5.25%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Terminals C&amp;D</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5/1/33</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>539,125</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Redevelopment Project)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Washington University)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>4.00% 1/1/36 (AMT)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>750,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>803,183</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 11/15/30</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>600,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>648,990</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Shoals, Indiana</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Illinois Finance Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(National Gypsum Project)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.25% 11/1/43 (AMT)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>310,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>343,951</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif></FONT></TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(</FONT>CHF- Chicago, L. L. C. -</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Suffolk County, New York</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>University Of Illinois at</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tobacco Asset</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Chicago Project) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Securitization</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 2/15/50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>460,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>511,129</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 6/1/32</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>750,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>791,963</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/19] 8/19 (919246) 1</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT color=#d4d4d4 size=6 face=Frutiger-Roman,Arial,Helvetica,sans-serif>Schedule of investments</FONT><BR><BR><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>Delaware Investments</FONT></B><B><SUP><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>&#174; </FONT></SUP></B><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>National Municipal Income Fund (Unaudited)</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="2%"></TD>

   <TD width="25%" align=left></TD>

   <TD width="9%" align=right></TD>

   <TD width="2%" align=right></TD>

   <TD width="10%" align=right></TD>

   <TD width="27%"></TD>

   <TD width="9%" align=right></TD>

   <TD width="2%" align=right></TD>

   <TD width="9%" align=right></TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 1.738pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.768pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Illinois Finance Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Philadelphia, Pennsylvania</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority for Industrial</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Chicago International</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Charter School Project)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(1st Philadelphia</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/1/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>535,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>587,350</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Preparatory College)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Kent County, Delaware</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 7.25% 6/15/43</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>370,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>427,128</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Student Housing and</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Phoenix, Arizona Industrial</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Dining Facilities Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif></FONT></TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (CHF</FONT>-Dover, L. L. C. -</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Delaware State University</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Rowan University Project)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) Series A 5.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,070,800</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/53</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>115,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>127,504</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pima County, Arizona</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Louisiana Public Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Industrial Development</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Education</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Provident Group-Flagship</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Properties) Series A 5.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Edkey Charter School</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/56</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>558,380</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) 6.00% 7/1/48</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>497,945</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Maryland Health &amp; Higher</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Private Colleges &amp; Universities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Educational Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue, Georgia</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Mercer University) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Loyola University) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 10/1/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>135,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>142,252</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 10/1/39</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>650,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>708,747</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Swarthmore Borough</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Massachusetts Development</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority, Pennsylvania</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Finance Agency</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Swarthmore College</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Umass Boston Student</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) 5.00% 9/15/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>490,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>559,311</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Housing Project) 5.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Troy, New York Capital</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>10/1/48</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>285,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>319,305</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Resource Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Montgomery County,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Rensselaer Polytechnic)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Higher</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.125% 9/1/40</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>600,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>622,776</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education &amp; Health</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>University of California</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series AI 5.00% 5/15/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,134,970</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Arcadia University) 5.25%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series AZ 5.25% 5/15/58</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>465,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>565,412</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>4/1/30</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>550,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>561,847</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>University of Texas System</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Hope, Texas Cultural</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue Financing System</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Bonds</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Chief-Collegiate Housing-</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 8/15/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,450,460</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tarleton St. ) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Wyoming Community</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 4/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,072,270</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York City, New York Trust</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Student Housing Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>For Cultural Resources</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(CHF-Wyoming LLC)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Whitney Museum of</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.50% 7/1/43</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>263,305</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>American Art) 5.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/31</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>526,020</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>18,209,632</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York State Dormitory</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Electric Revenue Bonds - 3.28%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>JEA Electric System Revenue,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Columbia University)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Florida</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 10/1/41</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>600,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>636,990</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 10/1/33</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>355,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>398,022</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania State University</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Long Island Power Authority,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 9/1/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,194,620</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York Electric System</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 9/1/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>305,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>361,870</FONT>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>2 NQ- OV9 [6/19] 8/19 (919246)</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>(Unaudited)</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="25%" align=left></TD>

   <TD width="2%"></TD>

   <TD width="9%" align=right></TD>

   <TD width="2%" align=right></TD>

   <TD width="10%" align=right></TD>

   <TD width="25%"></TD>

   <TD width="10%" align=right></TD>

   <TD width="2%" align=right></TD>

   <TD width="9%" align=right></TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Electric Revenue Bonds (continued)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Healthcare Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Long Island Power Authority,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California Health Facilities</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York Electric System</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Financing Authority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 9/1/44</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>282,913</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Kaiser Permanente)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 9/1/46</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>130,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>151,761</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-2 4.00% 11/1/44</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>460,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>502,752</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Philadelphia, Pennsylvania</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-2 5.00% 11/1/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>400,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>570,584</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Gas Works Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California Statewide</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(1998 General Ordinance</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Communities Development</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Fifteenth Series) 5.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8/1/47</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>581,695</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Loma Linda University</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Puerto Rico Electric Power</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Medical Center) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>144A 5.25% 12/1/56 #</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>760,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>847,787</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series WW 5.00% 7/1/28 &#8225;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>305,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>239,425</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Capital Trust Agency, Florida</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series CCC 5.25%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Tuscan Gardens Senior</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/27<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8225;</FONT></FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>215,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>169,313</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Living Center) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.00% 4/1/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>375,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>364,455</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>2,184,999</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Colorado Health Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Healthcare Revenue Bonds - 30.87%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Alabama Special Care</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Healthcare Facilities -</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Financing</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>American Baptist) 8.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority-Birmingham</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8/1/43</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>330,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>374,682</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Alabama</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Cuyahoga County, Ohio</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Methodist Home for the</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Hospital Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Aging) 6.00% 6/1/50</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>562,110</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(The Metrohealth System)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Allegheny County Hospital,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.50% 2/15/57</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,148,180</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Development</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Idaho Health Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Allegheny Health Network</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(St. Luke&#8217;s Health System</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Obligated Group Issue)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) Series A 5.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 4.00% 4/1/44</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>321,531</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3/1/33</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,250,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,496,413</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Arizona Health Facilities</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Kalispell, Montana</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Immanuel Lutheran</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Catholic Healthcare West)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporation Project)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series D 5.00% 7/1/28</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>501,135</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.25% 5/15/37</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>700,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>749,952</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Arizona Industrial</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Lycoming County,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Health System Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Great Lakes Senior Living</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Susquehanna Health</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Communities LLC Project)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>System Project) Series A</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/54</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>190,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>209,416</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.50% 7/1/28-1/</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 1/1/49</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>70,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>76,084</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Maine Health &amp; Higher</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.125% 1/1/54</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>85,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>92,934</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Educational Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Berks County, Pennsylvania</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Industrial Development</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Maine General Medical</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Center) 6.75% 7/1/41</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>324,018</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Tower Health Project)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Maricopa County, Arizona</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/50</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,143,860</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Industrial Development</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Health Facilities</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Catholic Healthcare West)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 6.00% 7/1/39</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>501,610</FONT>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/19] 8/19 (919246) 3</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT color=#d4d4d4 size=6 face=Frutiger-Roman,Arial,Helvetica,sans-serif>Schedule of investments</FONT><BR><BR><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>Delaware Investments</FONT></B><B><SUP><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>&#174; </FONT></SUP></B><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>National Municipal Income Fund (Unaudited)</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="24%"></TD>

   <TD width="2%"></TD>

   <TD width="10%" align=right></TD>

   <TD width="2%" align=right></TD>

   <TD width="10%" align=right></TD>

   <TD width="25%" align=right></TD>

   <TD width="10%" align=right></TD>

   <TD width="2%" align=right></TD>

   <TD width="9%" align=right></TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 1.738pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 0.768pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Healthcare Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Healthcare Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Maryland Health &amp; Higher</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Orange County, Florida Health</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Educational Facilities</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Mayflower Retirement</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(University Of Maryland</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Center)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Medical System Issue)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/1/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>400,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>417,036</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series D 4.00% 7/1/48</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>255,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>272,809</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>259,727</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Miami-Dade County, Florida</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.125% 6/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>750,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>778,860</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Health Facilities Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Oregon State Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Nicklaus Children&#8217;s</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Peacehealth Project)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Hospital Project) 5.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 11/15/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>570,075</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8/1/47</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>200,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>232,362</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Palm Beach County Health</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Michigan Finance Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Authority, Florida</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Sinai Residences Boca</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Beaumont Health Credit</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Raton Project)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Group) 5.00% 11/1/44</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,134,600</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 7.25% 6/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>20,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>22,475</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Montgomery County Higher</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 7.50% 6/1/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>105,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>118,589</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education &amp; Health</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Palomar Health, California</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Thomas Jefferson</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/39</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>130,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>146,106</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>University) 4.00% 9/1/49</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>750,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>794,813</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tarrant County, Texas Cultural</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Moon, Pennsylvania Industrial</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education Facilities Finance</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Buckner Senior Living -</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Baptist Homes Society</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Ventana Project) 6.75%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Obligation) 6.125%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>11/15/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>285,135</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/50</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>750,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>810,983</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Westminster, Maryland</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Hope, Texas Cultural</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Lutheran Village Millers</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education Facilities</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Grant Inc. ) 6.00% 7/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>538,090</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Cardinal Bay Inc. )</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Wisconsin Health &amp;</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A1 5.00% 7/1/51</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>135,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>152,027</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Educational Facilities</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 4.75% 7/1/51</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>160,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>173,880</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Covenant Communities,</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Jersey Health Care</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Inc. Project) Series B</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Financing</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 7/1/53</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,061,830</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Yavapai County, Arizona</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(St. Peters University</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Industrial Development</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Hospital) 6.25% 7/1/35</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>320,118</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York State Dormitory</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Yavapai Regional Medical</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Center) Series A 5.00%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Orange Regional Medical</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8/1/28</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>720,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>800,338</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Center) 144A 5.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>12/1/35<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>#</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>578,625</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>20,550,517</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>North Carolina Medical Care</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Lease Revenue Bonds - 5.99%</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Commission Facilities</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California State Public Works</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Board Lease Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Novant Health Obligated</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Various Capital Projects)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Group) Series A 4.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 4/1/37</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,090,600</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>11/1/52</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>539,770</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Idaho State Building Authority</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Oklahoma Development</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Finance Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Health &amp; Welfare Project)</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(OU Medicine Project)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 9/1/24</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>135,000</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>147,785</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.50% 8/15/57</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>215,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>254,766</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>4 NQ- OV9 [6/19] 8/19 (919246)</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>(Unaudited)</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="22%"></TD>

   <TD width="2%"></TD>

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

   <TD width="2%" align=right></TD>

   <TD width="9%" align=right></TD>

   <TD width="23%" align=right></TD>

   <TD width="2%" align=right></TD>

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

   <TD width="2%" align=right></TD>

   <TD width="8%" align=right></TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B></TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B></TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B></TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B></TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Lease Revenue Bonds (continued)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pre-Refunded/Escrowed to Maturity Bonds (continued)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Minnesota State General</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Illinois Finance Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue Appropriations</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 3/1/29</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,090,400</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Silver Cross &amp; Medical</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Jersey Economic</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Centers) 7.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8/15/44-19<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>450,000</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>452,993</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series WW 5.25% 6/15/30</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,138,180</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>JEA Electric System Revenue,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Public Finance Authority,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Florida</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Wisconsin Airport Facilities</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00%</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>10/1/33-23<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>645,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>740,699</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AFCO Investors II</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Koyukuk, Alaska Revenue</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Portfolio) 144A 5.75%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Tanana Chiefs Conference</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>10/1/31</FONT> <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)#</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>518,825</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Health Care Facility Project)</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.75% 10/1/41-19&#167;</FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>304,680</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3,985,790</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Louisiana Public Facilities</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Local General Obligation Bonds - 3.93%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Chicago Board of Education,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Ochsner Clinic Foundation</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Illinois</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) 6.50%</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 4/1/42</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>205,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>225,260</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5/15/37-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>105,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>114,927</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 4/1/46</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>210,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>230,158</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Maryland State Economic</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Chicago, Illinois</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Revenue</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.50% 1/1/34</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>225,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>248,924</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Transportation Facilities</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.50% 1/1/49</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>150,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>170,555</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) Series A 5.75%</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series C 5.00% 1/1/38</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>539,210</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6/1/35-20<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>255,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>265,177</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>District of Columbia</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Metropolitan Transportation</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue,</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 6/1/37</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,203,740</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>2,617,847</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00%</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pre-Refunded/Escrowed to Maturity Bonds - 12.55%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>11/15/41-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>190,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>207,235</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Bowling Green, Ohio Student</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Unrefunded) Series A</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Housing Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/15/41-21&#167;</FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>310,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>338,120</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(CFP I State University</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Monroe County, New York</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) 6.00% 6/1/45-20&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>260,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>271,086</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Industrial Development</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Brooklyn Arena Local</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development, New York</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Nazareth College</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pilot Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Rochester Project) 5.50%</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Barclays Center Project)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>10/1/41-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>495,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>541,926</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Monroe County, Pennsylvania</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.25% 7/15/40-20&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>940,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>965,746</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Hospital Authority Revenue</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.50% 7/15/30-20&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>308,601</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Pocono Medical Center)</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California Municipal Finance</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/41-22&#167;</FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>543,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Mobile Home</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Jersey Economic</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Park Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Caritas Project) Series A</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.40% 8/15/45-20&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>400,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>422,132</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(MSU Student Housing</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Central Texas Regional</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) 5.875%</FONT></TD>

   <TD align=left></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Mobility Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6/1/42-20<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>450,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>468,891</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Senior Lien 6.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Jersey Turnpike Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1/1/41-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>520,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>555,318</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Hawaii Pacific Health Special</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/27-22&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>475,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>527,093</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Purpose Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/27-22&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>25,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>27,742</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.50% 7/1/40-20&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>312,291</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/19] 8/19 (919246) 5</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT color=#d4d4d4 size=6 face=Frutiger-Roman,Arial,Helvetica,sans-serif>Schedule of investments</FONT><BR><BR><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>Delaware Investments</FONT></B><B><SUP><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>&#174; </FONT></SUP></B><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>National Municipal Income Fund (Unaudited)</FONT></B></P>

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<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="25%"></TD>

   <TD width="2%"></TD>

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   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B></TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B></TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pre-Refunded/Escrowed to Maturity Bonds (continued)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Special Tax Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York City, New York</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Mosaic District, Virginia</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Water &amp; Sewer System</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Community Development</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/15/47-23&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>160,000</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>183,603</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 6.875% 3/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>520,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>551,216</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Oregon State Facilities</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Jersey Economic</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Concordia University</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) Series A 144A</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Cigarette Tax)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.125% 9/1/30-20#&#167;</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>100,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>104,813</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/15/28</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>200,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>214,728</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania State Higher</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/15/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>800,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>856,576</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Educational Facilities</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York State Dormitory</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Edinboro University</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 3/15/33</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,124,700</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Foundation) 5.80%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Northampton County,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/30-20</FONT> <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>400,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>417,408</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Industrial</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Turnpike</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Commission Subordinate</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Motor License Fund)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Route 33 Project) 7.00%</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>205,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>231,060</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>12/1/41-21</FONT> <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>260,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>283,044</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Port Authority of Allegheny</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8,356,775</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>County, Pennsylvania</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Special Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Special Tax Revenue Bonds - 11.67%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Refunding</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Allentown, Pennsylvania</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.75% 3/1/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>900,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>963,468</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Neighborhood</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Public Finance Authority,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Improvement Zone</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Wisconsin Airport Facilities</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(American Dream @</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(City Center Project) 144A</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Meadowlands Project)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.375% 5/1/42 #</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>175,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>192,061</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>144A 7.00% 12/1/50 #</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>380,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>454,446</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Central Puget Sound,</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Regional Transportation</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Washington Regional</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>District, Colorado Tax</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transit Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Green Bond -</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Denver Transit Partners)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Improvement) Series S-1</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.00% 1/15/41</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>517,890</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/35</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>750,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>883,665</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Sales Tax Securitization,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Guam Government Business</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Illinois</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Privilege Tax Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/40</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>567,430</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B-1 5.00% 1/1/42</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>540,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>560,514</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Wyandotte County, Kansas</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Kansas City, Missouri</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>City, Kansas Unified</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Redevelopment Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Government Special</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Obligation Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Convention Centre Hotel</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Sales Tax - Vacation Village</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project - TIF Financing)</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project A) Series A 5.75%</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 144A 5.00%</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>9/1/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>220,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>239,831</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>2/1/40</FONT> <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>#</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>135,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>146,660</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Massachusetts Bay</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7,769,411</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Authority</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Senior</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.25% 7/1/29</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>200,000</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>265,166</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6 NQ- OV9 [6/19] 8/19 (919246)</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>(Unaudited)</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="24%"></TD>

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

   <TD width="2%" align=right></TD>

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

   <TD width="18%" align=right></TD>

   <TD width="8%" align=right></TD>

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

   <TD width="2%" align=right></TD>

   <TD width="9%" align=right></TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.969pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>State General Obligation Bonds - 9.59%</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California State</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Orleans, Louisiana</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.25% 11/1/40</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>320,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>336,038</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Aviation Board</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Various Purposes)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 1/1/45</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 4/1/32</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>270,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>364,271</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,109,450</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 10/1/41</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>440,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>474,522</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York Liberty</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,197,950</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 10/1/28</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,291,800</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(1 World Trade Center Port</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Illinois State</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Construction)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/15/41</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>540,355</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>595,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>681,953</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York Transportation</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 5/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>90,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>96,940</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Development</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,170,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,287,796</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(La Guardia Airport)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 2/1/39</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>160,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>170,963</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.25% 1/1/50</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 4/1/38</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>170,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>180,448</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>700,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>775,537</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York State</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Turnpike</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 2/15/39</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,822</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Commission Subordinate</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6,383,503</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-1 5.00% 12/1/43</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>556,090</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Revenue Bonds - 25.36%</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-1 5.00% 12/1/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>210,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>246,494</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Motor License Fund)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Alameda Corridor, California</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 12/1/41</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>240,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>254,206</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Authority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Port Authority of New York &amp;</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(2nd Sub Lien) Series B</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Jersey Special Project</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 10/1/37</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>430,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>496,964</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(JFK International Air</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Atlanta, Georgia Department</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Terminal)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>of Aviation</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.00% 12/1/42</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>230,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>242,942</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 1/1/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,146,930</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.50% 12/1/28</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>521,945</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>California Municipal Finance</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Mobile Home</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Salt Lake City, Utah Airport</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Park Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(LINXS APM Project)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 7/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>625,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>740,087</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 12/31/47</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>South Jersey Port, New Jersey</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>615,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>716,573</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Subordinated Marine</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Chicago, Illinois O&#8217;Hare</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Terminal Revenue)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>International Airport</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>85,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>96,171</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 1/1/42</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(General-Senior Lien)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>85,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>95,028</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series D 5.25% 1/1/34</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,109,160</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 1/1/48</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Harris County, Texas Toll Road</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>195,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>216,481</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>St. Louis, Missouri Airport</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Senior Lien) Series A</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>4.00% 8/15/48</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>549,975</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Lambert St. Louis</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Metropolitan Transportation</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>International) 5.00%</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue,</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/32 (AMT)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,086,940</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Texas Private Activity Bond</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series C 0.00% 11/15/40</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Surface Transportation</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(BAM)^</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>2,500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,310,150</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporate Senior Lien</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New Jersey Turnpike Authority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 4.00% 1/1/48</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,088,100</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Blueridge Transportation</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 1/1/40</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>250,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>299,215</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Group)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/40</FONT> <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>110,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>122,218</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/45</FONT> <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>110,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>121,747</FONT>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/19] 8/19 (919246) 7</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><FONT color=#d4d4d4 size=6 face=Frutiger-Roman,Arial,Helvetica,sans-serif>Schedule of investments</FONT><BR><BR><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>Delaware Investments</FONT></B><B><SUP><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>&#174; </FONT></SUP></B><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>National Municipal Income Fund (Unaudited)</FONT></B></P>

<DIV align=left>

<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="24%"></TD>

   <TD width="9%"></TD>

   <TD width="2%"></TD>

   <TD width="10%"></TD>

   <TD width="3%"></TD>

   <TD width="30%"></TD>

   <TD width="2%"></TD>

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

   <TD width="2%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Principal</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 5.338pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD>

   <TD colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Total Value of Securities - 146.75%</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Amount&#176;</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 4.368pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(US $)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(cost $91,631,966)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>$</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>97,691,544</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Municipal Bonds (continued)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Liquidation Value of</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Revenue Bonds (continued)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Preferred</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Texas Private Activity Bond</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Stock - (45.07%)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(30,000,000</FONT></B></TD>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>)</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Surface Transportation</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Liabilities Net of</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporate Senior Lien</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Receivables and Other</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Assets - (1.69%)</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(1,122,192</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/50 (AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>160,000</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>$</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>176,538</FONT>&nbsp;</TD>

   <TD colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Net Assets Applicable to</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(LBJ Infrastructure)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>4,528,443 Shares</FONT></B>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.00% 6/30/40</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>285,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>300,065</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Outstanding - 100.00%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>$</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>66,569,352</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.50% 6/30/33</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>665,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>704,375</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Mobility Partners) 7.50%</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>#</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.942pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Security exempt from registration under Rule 144A of the Securities</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>12/31/31</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>515,060</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Act of 1933, as amended. At June 30, 2019, the aggregate value</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(NTE Mobility Partners)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>of Rule 144A securities was $3,675,678, which represents 5.52%</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.75% 6/30/43 (AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>225,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>261,421</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>of the Fund&#8217;s net assets.</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.875% 12/31/39</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,025,980</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#164;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.964pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tax-exempt obligations that contain a floating or variable interest</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.00% 12/31/38 (AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>165,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>194,038</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>rate adjustment formula and an unconditional right of demand to</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Virginia Small Business</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>receive payment of the unpaid principal balance plus accrued interest</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Financing Authority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>upon a short notice period (generally up to 30 days) prior to specified</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Transform 66 P3 Project)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>dates either from the issuer or by drawing on a bank letter of credit,</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/56 (AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>235,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>263,924</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>a guarantee, or insurance issued with respect to such instrument.</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>16,884,159</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Each rate shown is as of June 30, 2019.</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Water &amp; Sewer Revenue Bonds - 2.90%</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.964pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pre-refunded bonds. Municipal bonds that are generally backed or</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York City, New York</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>secured by US Treasury bonds. For pre-refunded bonds, the stated</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Water &amp; Sewer System</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>maturity is followed by the year in which the bond will be</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>pre-refunded.</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Unrefunded Balance)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#176;</FONT>&nbsp;</TD>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Principal amount shown is stated in USD unless noted that the security</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/15/47</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>185,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>205,690</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>is denominated in another currency.</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Philadelphia, Pennsylvania</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8225;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.964pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Non-income producing security. Security is currently in default.</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Water &amp; Wastewater</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD colSpan=4 align=left><FONT size=3 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; &#8226;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Variable rate investment. Rates reset periodically. Rate shown reflects</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>the rate in effect at June 30, 2019. For securities based on a published</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 7/1/45</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>561,105</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>reference rate and spread,the reference rate and spread are indicated</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Southern California Water</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>intheirdescriptionabove. Thereferenceratedescriptions(i. e. LIBOR03M,</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Replenishment District</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR06M,etc. ) used in this report are identical for different securities,</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 8/1/41</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,000,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,165,230</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>but the underlying reference rates may differ due to the timing of</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,932,025</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>the reset period. Certain variable rate securities are not based on</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>a published reference rate and spread but are determined by the</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Total Municipal Bonds</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>issuer or agent and are based on current market conditions, or for</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(cost $91,531,966)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 3px double" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>97,591,544</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>mortgage-backed securities,are impacted by the individual mortgages</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Short-Term Investment - 0.15%</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>which are paying off over time. These securities do not indicate a</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>reference rate and spread in their description above.</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Variable Rate Demand Note - 0.15%&#164;</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>^</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Zero coupon security. The rate shown is the effective yield at the</FONT></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Commonwealth of</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>time of purchase.</FONT>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Massachusetts Series A</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1.85% 3/1/26 </FONT><FONT size=3 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8226;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>100,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>100,000</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Total Short-Term Investment</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(cost $100,000)</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>100,000</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8 NQ- OV9 [6/19] 8/19 (919246)</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>(Unaudited)</FONT></B><BR><BR><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Summary of abbreviations:</FONT></B><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>AGM - Insured by Assured Guaranty Municipal Corporation</FONT><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>AMT - Subject to Alternative Minimum Tax</FONT><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>BAM - Build America Mutual Assurance Company</FONT><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>ICE - Intercontinental Exchange</FONT><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR - London Interbank Offered Rate</FONT><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR03M - ICE LIBOR USD 3 Month</FONT><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR06M - ICE LIBOR USD 6 Month</FONT><BR><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>USD-USDollar</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/19] 8/19 (919246) 9</FONT></P></DIV>

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