<SEC-DOCUMENT>0001752724-20-035489.txt : 20200225
<SEC-HEADER>0001752724-20-035489.hdr.sgml : 20200225
<ACCEPTANCE-DATETIME>20200225170331
ACCESSION NUMBER:		0001752724-20-035489
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20191231
FILED AS OF DATE:		20200225
PERIOD START:           	20200331

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-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07410
		FILM NUMBER:		20651857

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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      <repPdDate>2019-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-02-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Delaware Investments National Municipal Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Dan Geatans</ncom:signature>
      <ncom:signerName>Dan Geatans</ncom:signerName>
      <ncom:title>Head of US and EMEA Fund Administration</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
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<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>AV91DelInvNatMuniIncomeFd.htm
<TEXT>

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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>December 31, 2019 (Unaudited)</FONT></P>

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   <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>

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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 - 143.75%</FONT></B></TD>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Corporate Revenue Bonds - 15.44%</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>Corporate Revenue Bonds (continued)</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>&nbsp;&nbsp;&nbsp; Buckeye, Ohio Tobacco</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>Suffolk County, New York</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Settlement 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>Tobacco Asset</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>&nbsp;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>Securitization</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Asset-Backed Senior</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 B 5.00% 6/1/32</FONT>&nbsp;</TD>

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

   <TD align=left><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>789,270</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turbo) Series A-2 5.875%</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>Tobacco Settlement Financing</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6/1/47</FONT></TD>

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

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

   <TD align=left><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>2,009,280</FONT>&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=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>&nbsp;&nbsp;&nbsp; Central Plains Energy 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>Asset-Backed Note</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue, Nebraska</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 5.25% 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>505,512</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>&nbsp;(Project No. 3)</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>Tobacco Settlement Financing</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>&nbsp;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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>297,214</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>147,852</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>373,394</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>TSASC Revenue, New York</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>(Tobacco Master</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>(Settlement) Series A</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>Settlement Payment)</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% 6/1/41</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>67,283</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,122,590</FONT>&nbsp;</TD>

   <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=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>&nbsp;&nbsp;&nbsp; Florida Development Finance</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>(Pratt Paper Project) 7.00%</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>Surface Transportation</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>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=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>278,981</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>Facilities 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=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>(Virgin Trains USA</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>10,314,991</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>Passenger Rail 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>Education Revenue Bonds - 26.22%</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 144A 6.50%</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>Arizona Industrial</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1/1/49 (AMT)<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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>452,556</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=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>Golden State Tobacco</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 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=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 Charter Schools</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-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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>258,585</FONT>&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=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>&nbsp;&nbsp;&nbsp; Louisiana Local Government</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% 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>379,048</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Environmental Facilities &amp;</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 Educational</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community 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>Facilities 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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;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>(Loma Linda University)</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>&nbsp;(Westlake Chemical)</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% 4/1/47</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>581,185</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>&nbsp;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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>663,731</FONT>&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=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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>265,032</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,535,710</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; M-S-R Energy 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>East Hempfield Township,</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;California Gas</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>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 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>391,335</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=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 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,532,010</FONT>&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=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>&nbsp;&nbsp;&nbsp; New York Transportation</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>Student Housing Project)</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,072,530</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>(Delta Air Lines, 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>Health &amp; Educational 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>LaGuardia Airport</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 of the State of</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>Terminals C&amp;D</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>Missouri</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>Redevelopment 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>(St. Louis College of</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>817,627</FONT>&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=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>&nbsp;&nbsp;&nbsp; Shoals, Indiana</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>5/1/33</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>538,295</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (National Gypsum 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>(Washington University)</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>342,739</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>641,592</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 [12/19] 2/20 (1080105) 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%"></TD>

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

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

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

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

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

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

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

<TR vAlign=bottom>

   <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>

   <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=right>&nbsp;</TD>

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

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

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

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&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=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>Education Revenue Bonds (continued)</FONT>&nbsp;</TD>

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

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

   <TD align=left>&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=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>Phoenix, Arizona 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=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=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=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; (CHF</FONT>- Chicago, L. L. C. -</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></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>University Of Illinois at</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>(Rowan University Project)</FONT>&nbsp;</TD>

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

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

   <TD align=left>&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 Project) 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>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=left><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>1,064,370</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% 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><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>514,790</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=left>&nbsp;</TD>

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

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

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

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

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>587,874</FONT>&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=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=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>(Edkey Charter School</FONT>&nbsp;</TD>

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

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

   <TD align=left>&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=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) 6.00% 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>503,015</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>(Provident Group-Flagship</FONT>&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>Private Colleges &amp; Universities</FONT>&nbsp;</TD>

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

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

   <TD align=left>&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>Properties) Series A 5.00%</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>Authority Revenue, Georgia</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=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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>567,225</FONT>&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=left>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>141,241</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>Finance Agency</FONT>&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>Swarthmore Borough</FONT>&nbsp;</TD>

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

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

   <TD align=left>&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=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, 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=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=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>(Swarthmore College</FONT>&nbsp;</TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>320,924</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>555,817</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>Montgomery County,</FONT>&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>Troy, New York Capital</FONT>&nbsp;</TD>

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

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

   <TD align=left>&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=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>Resource 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=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=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>(Rensselaer Polytechnic)</FONT>&nbsp;</TD>

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

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

   <TD align=left>&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=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 5.125% 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>615,696</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=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>University of California</FONT>&nbsp;</TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>554,158</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,127,050</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 Hope, Texas Cultural</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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>571,401</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>Education Facilities</FONT>&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>University of Texas System</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=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=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 Financing System</FONT>&nbsp;</TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,079,930</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,529,920</FONT>&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=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>Wyoming Community</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=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=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=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=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>Student Housing 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=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=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>(CHF-Wyoming LLC)</FONT>&nbsp;</TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>518,420</FONT>&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=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>260,900</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=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=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=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>17,515,625</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>(Columbia University)</FONT>&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>Electric Revenue Bonds - 3.94%</FONT>&nbsp;</TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>628,062</FONT>&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=left>&nbsp;</TD>

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

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

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,200,750</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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>396,716</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>Philadelphia, Pennsylvania</FONT>&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>Long Island Power 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=right>&nbsp;</TD>

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

   <TD style="TEXT-INDENT: 19.956pt" 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 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 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>(1st Philadelphia</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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>361,962</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>Preparatory College)</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>Series A 5.00% 9/1/44</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>282,643</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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>425,722</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 9/1/46</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>152,147</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 [12/19] 2/20 (1080105)</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>

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<TR>

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

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   <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>

   <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>

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

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

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

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

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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=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>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>&nbsp;&nbsp;&nbsp;&nbsp; Municipal Electric Authority of</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 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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Georgia (Plant Vogtle Units</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>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>3 <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&amp; 4 Project)</FONT></FONT></TD>

   <TD align=left></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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A 5.00% 1/1/56</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>461,148</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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Philadelphia, 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>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=left><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>508,378</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>&nbsp;&nbsp; Gas Works 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-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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>595,992</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>&nbsp;&nbsp; (1998 General Ordinance</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 Statewide</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Fifteenth Series) 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>Communities 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>583,025</FONT>&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 bgColor=#ccffcc vAlign=bottom>

   <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; </FONT>Puerto Rico Electric Power</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>(Loma Linda University</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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>Medical Center) Series A</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series CCC 5.25%</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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>854,263</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <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;&nbsp;&nbsp;&nbsp; </FONT>7/1/27</FONT></TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8225;</FONT>&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>163,937</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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>231,800</FONT>&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=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>2,633,378</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=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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>368,535</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Healthcare Revenue Bonds - 31.47%</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>Colorado 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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; Alabama Special 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>Authority 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>&nbsp;&nbsp; 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>(CommonSpirit Health)</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>&nbsp;&nbsp; Authority-Birmingham</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-2 5.00% 8/1/44</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>1,179,420</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>Alabama</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>(Healthcare 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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>(Methodist Home for the</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 Baptist) 8.00%</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>&nbsp;&nbsp;&nbsp;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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>564,170</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>372,969</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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; </FONT>Allegheny County Hospital,</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>(Sanford Health) Series A</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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>Pennsylvania 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>5.00% 11/1/44</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>601,960</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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>Cuyahoga County, Ohio</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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>(Allegheny Health Network</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>Hospital 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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>Obligated Group 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>(The Metrohealth System)</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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>321,312</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,164,440</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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; </FONT>Arizona 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: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Idaho 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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>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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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>(St. Luke&#8217;s Health System</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>&nbsp;&nbsp; (Great Lakes Senior Living</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) Series A 5.00%</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>&nbsp;&nbsp;&nbsp;Communities LLC 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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,511,850</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>211,521</FONT>&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=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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>76,237</FONT>&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=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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>92,688</FONT>&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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Berks County, 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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>760,977</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>Industrial 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: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Maine Health &amp; Higher</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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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>Educational 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>&nbsp;&nbsp; (Tower Health 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>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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,135,550</FONT>&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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Brookhaven 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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>319,356</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>Authority Revenue, Georgia</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>Maryland Health &amp; Higher</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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>(Children&#8217;s Healthcare of</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>Educational 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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>Atlanta) 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>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><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;&nbsp;&nbsp;&nbsp; </FONT></FONT>7/1/49</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>30,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>33,391</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(University Of Maryland</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>Medical System Issue)</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 D 4.00% 7/1/48</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>275,971</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 [12/19] 2/20 (1080105) 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>

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<TR>

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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>

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

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   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&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>

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   <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>

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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 style="BORDER-BOTTOM: #000000 1px solid" 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>

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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></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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>

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   <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>

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

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   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;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: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Palm Beach County Health</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Authority, Florida</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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=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>(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>Raton 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>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 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=left><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>22,424</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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;&nbsp;</FONT>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><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>233,810</FONT>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>117,914</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>147,973</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <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;&nbsp;</FONT>(Beaumont Health Credit</FONT></TD>

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   <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>Tarrant County, Texas Cultural</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>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>1,141,680</FONT>&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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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>(Buckner Senior Living -</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>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: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Ventana Project) 6.75%</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>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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>289,675</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>(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: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Washington Health Care</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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>812,287</FONT>&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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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>(CommonSpirit Health)</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>Series A-2 5.00% 8/1/38</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>298,695</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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;&nbsp;</FONT>(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: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Westminster, Maryland</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>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>(Lutheran Village Millers</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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>815,205</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>558,395</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 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>Wisconsin Health &amp;</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>(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: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Educational 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>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>145,130</FONT>&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 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;&nbsp;</FONT>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>164,133</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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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=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>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,066,690</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>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=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>(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=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>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>316,509</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=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>(Valley Health 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>(Yavapai Regional Medical</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Obligated) 4.00% 7/1/44</FONT></TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>530,433</FONT>&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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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>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=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>806,357</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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;&nbsp;</FONT>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 style="TEXT-INDENT: 19.956pt" 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 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>21,017,102</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>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Lease Revenue Bonds - 6.99%</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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>585,430</FONT>&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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Orange County, Florida 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: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Board Lease 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Facilities 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>(Various Capital Projects)</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>(Mayflower Retirement</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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,079,440</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <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;&nbsp;</FONT>Center)</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>Idaho State Building 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>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>400,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>413,804</FONT>&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 vAlign=bottom>

   <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;&nbsp;</FONT>5.00% 6/1/36</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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>258,070</FONT>&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=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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>5.125% 6/1/42</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>773,303</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% 9/1/24</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>120,609</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <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;</FONT>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>Metropolitan Pier &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>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>Exposition Authority Illinois</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>(Peacehealth 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>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Series A 5.00% 11/15/29</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>570,205</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Mccormick Place</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>Expansion)</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>4.00% 6/15/50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>375,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>391,991</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 style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/15/50</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>290,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>334,231</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>4 NQ- OV9 [12/19] 2/20 (1080105)</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%"></TD>

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

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

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

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

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

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

   <TD width="8%"></TD></TR>

<TR vAlign=bottom>

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

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

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

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

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

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

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

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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>&nbsp;&nbsp;&nbsp;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>&nbsp;&nbsp;&nbsp; Metropolitan Transportation</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 style="TEXT-INDENT: 19.955pt" 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></TR>

<TR vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,078,540</FONT>&nbsp;</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 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; </FONT></FONT></FONT>New York</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;</FONT>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>Series A 5.00%</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 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; </FONT>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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><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>204,423</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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; </FONT>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>1,146,070</FONT>&nbsp;</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 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; </FONT></FONT></FONT>(Unrefunded) Series A</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;</FONT>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>5.00% 11/15/41-21&#167;</FONT></TD>

   <TD align=left>&nbsp;</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>333,532</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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; </FONT>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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp; </FONT>Monroe County, New York</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>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>Industrial Development</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>(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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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 style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Nazareth College</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>10/1/31 <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)#</FONT></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 style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>519,650</FONT>&nbsp;</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 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; </FONT></FONT></FONT>Rochester Project) 5.50%</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>&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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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>533,506</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>4,670,531</FONT>&nbsp;</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; </FONT>Monroe County, Pennsylvania</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 colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Local General Obligation Bonds - 3.07%</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>Hospital Authority 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 bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></FONT>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>(Pocono Medical Center)</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><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; </FONT></FONT>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>Series A 5.00% 1/1/41-22&#167;</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>536,920</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT>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>230,149</FONT>&nbsp;</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; </FONT>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></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT>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>234,732</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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><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; </FONT></FONT>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>255,040</FONT>&nbsp;</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 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; </FONT></FONT></FONT>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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>181,358</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT>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>177,011</FONT>&nbsp;</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; </FONT>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></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT>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>550,550</FONT>&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>&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>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 style="TEXT-INDENT: 19.955pt" 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></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>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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT>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>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>605,230</FONT>&nbsp;</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 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; </FONT></FONT></FONT>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>103,245</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="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>2,052,712</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp; Pennsylvania Turnpike</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 colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pre-Refunded/Escrowed to Maturity Bonds - 7.20%</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>Commission Subordinate</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></FONT></FONT>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 style="TEXT-INDENT: 19.955pt" 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></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 style="TEXT-INDENT: 19.955pt" 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></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>(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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>12/1/41-21<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>260,000</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>279,430</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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>265,242</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" 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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>12/1/41-21<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>240,000</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>257,698</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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>&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>4,806,485</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>Special Tax Revenue Bonds - 15.25%</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>1/1/41-21<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>520,000</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>544,866</FONT>&nbsp;</TD>

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

   <TD style="TEXT-INDENT: 19.955pt" 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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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>Improvement Zone</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>Series A 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>Development 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>10/1/33-23<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left><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>645,000</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>737,022</FONT>&nbsp;</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 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; </FONT></FONT></FONT>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></FONT></FONT>Louisiana Public Facilities</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>(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></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 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>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>197,019</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>(Ochsner Clinic Foundation</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp; </FONT>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></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) 6.50%</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>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></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>5/15/37-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left><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>105,000</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>112,579</FONT>&nbsp;</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 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; </FONT></FONT></FONT>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>560,974</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

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

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>(Loyola University) 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>&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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><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; </FONT></FONT></FONT>5.00% 10/1/39-22&#167;</FONT></TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>716,664</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 [12/19] 2/20 (1080105) 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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<TR>

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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>

   <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 style="BORDER-BOTTOM: #000000 1px solid" align=right>&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 style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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>

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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>Special Tax 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>Special Tax Revenue Bonds (continued)</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 9.978pt" 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: 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>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>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 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>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>(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>(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 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>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><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>509,985</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 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: 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>2/1/40 <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>135,000</FONT>&nbsp;</TD>

   <TD align=left><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>148,839</FONT>&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>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 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>577,985</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD 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 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>Senior</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>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>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>264,968</FONT>&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>Mosaic District, Virginia</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>Community 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>(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>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>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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 6.875% 3/1/36</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>520,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>543,587</FONT>&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>241,419</FONT>&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 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>10,187,155</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>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>&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 colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>State General Obligation Bonds - 10.14%</FONT>&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>(Cigarette Tax)</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</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% 6/15/28</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>213,272</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>331,018</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/15/29</FONT></TD>

   <TD align=left>&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>851,288</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></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>4.00% 10/1/44</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>574,770</FONT>&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>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>367,861</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 A 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>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>469,867</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3/15/33-23<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>1,000,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,127,340</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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>1,215,140</FONT>&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>Northampton County,</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>Illinois State</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>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>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>681,453</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>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>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>97,559</FONT>&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>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>1,311,312</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Route 33 Project) 7.00%</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>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>171,952</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/32</FONT></TD>

   <TD align=left>&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>229,840</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% 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>180,924</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Port Authority of Allegheny</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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>County, 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>(Rebuild Illinois Program)</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>Special 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 B 4.00% 11/1/39</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,300,000</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>1,369,810</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Refunding</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>6,771,666</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.75% 3/1/29</FONT></TD>

   <TD align=left>&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>946,737</FONT>&nbsp;</TD>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Revenue Bonds - 22.88%</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>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 style="TEXT-INDENT: 9.977pt" 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></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>Transportation 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=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>(2nd Sub Lien) Series B</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>(American Dream @</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% 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>503,715</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Meadowlands 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: 9.977pt" 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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>144A 7.00% 12/1/50 #</FONT></TD>

   <TD align=left>&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>454,647</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Puerto Rico Sales Tax</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 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>1,142,330</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Financing 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=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>(Restructured)</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 Municipal Finance</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>Authority Mobile Home</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>Series A-1 4.75% 7/1/53</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3,065,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3,207,584</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-1 5.00% 7/1/58</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>105,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>111,671</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></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 5.00% 12/31/47</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>(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>714,821</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>6 NQ- OV9 [12/19] 2/20 (1080105)</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>

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

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   <TD width="9%"></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: 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 style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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>&nbsp;</TD>

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

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

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

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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 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>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: 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>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>(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: 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>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>(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" 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><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>97,462</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=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>1,106,560</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% 1/1/42</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: 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>85,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>98,115</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 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: 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>(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>222,901</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>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>553,445</FONT>&nbsp;</TD>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp; 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: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Metropolitan Washington D.C.</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>Airports Authority Dulles</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>(Lambert St. Louis</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>Toll Road 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>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>(Dulles Metrorail and</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>1,079,960</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>Capital Improvement</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>Projects)</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>Series B 3.00% 10/1/50</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>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: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AGM)</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>322,869</FONT>&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 B 4.00% 10/1/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>510,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>558,261</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: 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>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 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>1,125,670</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/40</FONT>&nbsp;<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT></TD>

   <TD align=right></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>123,565</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 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>302,703</FONT>&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>122,714</FONT>&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 Orleans, Louisiana</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>5.00% 12/31/50</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>160,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>177,789</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>Aviation Board</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>(LBJ Infrastructure)</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 B 5.00% 1/1/45</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>7.00% 6/30/40</FONT>&nbsp;</TD>

   <TD align=left>&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>292,553</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>(AMT)</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>1,118,460</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.50% 6/30/33</FONT>&nbsp;</TD>

   <TD align=left>&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>685,302</FONT>&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 York Liberty</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>(NTE Mobility 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>Development 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>Segments 3 LLC Segment</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>(1 World Trade Center Port</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>3C Project) 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 Construction)</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>6/30/58 (AMT)</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>583,460</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% 12/15/41</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>534,320</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" 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>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.75% 6/30/43</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>225,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>260,469</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>Development</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>7.00% 12/31/38</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>165,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>193,086</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>(La Guardia Airport)</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>Virginia Small Business</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 5.25% 1/1/50</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>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 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>700,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>784,455</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" 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>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/56</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>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>267,169</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>Commission Subordinate</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>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>561,295</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="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>15,285,850</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-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>249,703</FONT>&nbsp;</TD>

   <TD colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Water &amp; Sewer Revenue Bonds - 1.15%</FONT>&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>Port Authority of New York &amp;</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp; </FONT>New York City, New York</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>New Jersey Special 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>Water &amp; Sewer System</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>(JFK International Air</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>Terminal)</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>(Unrefunded Balance)</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>6.00% 12/1/42</FONT>&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>239,405</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 6/15/47</FONT>&nbsp;</TD>

   <TD align=left>&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>205,679</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>6.50% 12/1/28</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>522,880</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 bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" 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>

   <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 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>&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 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>740,413</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 [12/19] 2/20 (1080105) 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>

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



<TR>

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

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

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   <TD width="44%"></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 align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B></TD>

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

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

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<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" 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 style="BORDER-BOTTOM: #000000 1px solid" 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></TD>

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

   <TD style="TEXT-INDENT: 5.164pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>#</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.299pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Security exempt from registration under Rule 144A of the Securities</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Act of 1933, as amended. At Dec. 31, 2019, the aggregate value</FONT>&nbsp;</TD></TR>

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

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

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

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>of Rule 144A securities was $3,694,697, which represents 5.53%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>of the Fund&#8217;s net assets.</FONT>&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=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 5.164pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#164;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.322pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tax-exempt obligations that contain a floating or variable interest</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>Water &amp; Wastewater</FONT>&nbsp;</TD>

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

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

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>rate adjustment formula and an unconditional right of demand to</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>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>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>receive payment of the unpaid principal balance plus accrued interest</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% 7/1/45</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 12.365pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,000</FONT>&nbsp;</TD>

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>560,155</FONT></TD>

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

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

   <TD style="TEXT-INDENT: 0.32pt" 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>&nbsp;</TD></TR>

<TR bgColor=#ccffcc 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>765,834</FONT></TD>

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

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

   <TD style="TEXT-INDENT: 0.32pt" 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>&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>

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   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>a guarantee, or insurance issued with respect to such instrument.</FONT>&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 $89,734,505)</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>96,021,329</FONT></B></TD>

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Each rate shown is as of Dec. 31, 2019.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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   <TD style="TEXT-INDENT: 5.164pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.322pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pre-refunded bonds. Municipal bonds that are generally backed or</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Short-Term Investments - 0.45%</FONT></B>&nbsp;</TD>

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

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

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>secured by US Treasury bonds. For pre-refunded bonds, the stated</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Variable Rate Demand Notes - 0.45%&#164;</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: 0.32pt" 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>&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>Minneapolis-St. Paul</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 style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>pre-refunded.</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>Metropolitan Housing &amp;</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: 5.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#176;</FONT>&nbsp;</TD>

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>is denominated in another currency.</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>Health Care Facilities</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: 5.164pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8225;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.322pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Non-income producing security. Security is currently in default.</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>Revenue Series B</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: 3.466pt" colSpan=2 align=left><FONT size=3 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8226;&nbsp;&nbsp;&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>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Children&#8217;s Health Care)</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 style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>the rate in effect at Dec. 31, 2019. For securities based on a published</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>1.52% 8/15/25 (AGM)</FONT>&nbsp;</TD>

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

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>reference rate and spread,the reference rate and spread are indicated</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>(SPA &#8211; US Bank N.A. )</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 12.366pt" align=left><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>200,000</FONT></TD>

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>intheirdescriptionabove. Thereferenceratedescriptions(i. e. LIBOR03M,</FONT>&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>Mississippi Business Finance</FONT>&nbsp;</TD>

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

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

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR06M,etc. ) used in this report are identical for different securities,</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>Corporation Gulf</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 style="TEXT-INDENT: 0.32pt" 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>&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>Opportunity Zone Industrial</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 style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>the reset period. Certain variable rate securities are not based on</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>Development Revenue</FONT>&nbsp;</TD>

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

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

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

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

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<TR bgColor=#ccffcc vAlign=bottom>

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

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

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

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

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

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>a published reference rate and spread but are determined by the</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>1.60% 11/1/35</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 12.365pt" align=left><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></TD>

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

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

   <TD style="TEXT-INDENT: 0.32pt" 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>&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 align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>mortgage-backed securities,are impacted by the individual mortgages</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Total Short-Term</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 style="TEXT-INDENT: 0.32pt" 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>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Investments</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 style="TEXT-INDENT: 0.32pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>reference rate and spread in their description above.</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>(cost $300,000)</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>300,000</FONT></B></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>

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   <TD colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Summary of abbreviations:</FONT></B>&nbsp;</TD></TR>

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   <TD colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Total Value of Securities - 144.20%</FONT></B>&nbsp;</TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>AGM - Insured by Assured Guaranty Municipal Corporation</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(cost $90,034,505)</FONT>&nbsp;</TD>

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   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>96,321,329</FONT></B></TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>AMT - Subject to Alternative Minimum Tax</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 0.001pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Liquidation Value of</FONT></B>&nbsp;</TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>ICE - Intercontinental Exchange</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 9.979pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Preferred</FONT></B>&nbsp;</TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR - London Interbank Offered Rate</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 9.979pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Stock - (44.91%)</FONT></B>&nbsp;</TD>

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

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   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>(30,000,000<B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>)</FONT></B></FONT></B></TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR03M - ICE LIBOR USD 3 Month</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 0.001pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Receivables and Other</FONT></B>&nbsp;</TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>LIBOR06M - ICE LIBOR USD 6 Month</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.979pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Assets Net of</FONT></B>&nbsp;</TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>N.A. - National Association</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 9.979pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Liabilities - 0.71%</FONT></B>&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>476,149</FONT></B></TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>SPA - Stand-by Purchase Agreement</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 0.001pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Net Assets Applicable to</FONT></B>&nbsp;</TD>

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   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>USD - US Dollar</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.979pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>4,528,443 Shares</FONT></B>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 9.979pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Outstanding - 100.00%</FONT></B>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid; TEXT-INDENT: 5.04pt" align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>$</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>66,797,478</FONT></B></TD>

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   <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 [12/19] 2/20 (1080105)</FONT></P></DIV>

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