<SEC-DOCUMENT>0001752724-20-174052.txt : 20200826
<SEC-HEADER>0001752724-20-174052.hdr.sgml : 20200826
<ACCEPTANCE-DATETIME>20200826152437
ACCESSION NUMBER:		0001752724-20-174052
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200630
FILED AS OF DATE:		20200826
PERIOD START:           	20210331

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:		201136952

	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>2020-06-30</repPdDate>
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      <invstOrSec>
        <name>MASSACHUSETTS ST BAY TRANSPRTN</name>
        <lei>549300D2U0XBUXGX8P68</lei>
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          <isin value="US575579LJ40"/>
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      <invstOrSec>
        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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          <isin value="US13080SML50"/>
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        <curCd>USD</curCd>
        <valUSD>818596.00000000</valUSD>
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          <maturityDt>2056-12-01</maturityDt>
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      <invstOrSec>
        <name>LONG ISLAND NY PWR AUTH ELEC S</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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        <curCd>USD</curCd>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>E HEMPFIELD TWP PA INDL DEV AU</name>
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          <isin value="US273007AR54"/>
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        <curCd>USD</curCd>
        <valUSD>1004410.00000000</valUSD>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
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          <isin value="US649519DG72"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248432.50000000</valUSD>
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          <maturityDt>2069-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PHILADELPHIA PA WTR &amp; WSTWTR R</name>
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          <isin value="US717893ZC89"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>563350.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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          <isin value="US154871CM78"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294977.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DLL0</cusip>
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          <isin value="US13063DLL00"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383545.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QP89</cusip>
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          <isin value="US74526QP892"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <name>NEW YORK ST DORM AUTH SALES TA</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <maturityDt>2033-03-15</maturityDt>
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        <name>TRIBOROUGH BRIDGE &amp; TUNNEL AUT</name>
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          <isin value="US89602RFZ38"/>
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        <valUSD>439243.00000000</valUSD>
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          <maturityDt>2049-11-15</maturityDt>
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        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452152VM08"/>
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          <maturityDt>2039-02-01</maturityDt>
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        <name>BERKS CNTY PA INDL DEV AUTH HL</name>
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        <title>Berks County Industrial Development Authority</title>
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        <name>CALIFORNIA ST EDUCTNL FACS AUT</name>
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        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
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          <maturityDt>2039-11-01</maturityDt>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QR534"/>
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        <balance>35000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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          <maturityDt>2027-07-01</maturityDt>
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        <name>TARRANT CNTY TX CULTURAL EDU F</name>
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          <maturityDt>2047-11-15</maturityDt>
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      <invstOrSec>
        <name>ALLENTOWN PA NEIGHBORHOOD IMPT</name>
        <lei>N/A</lei>
        <title>Allentown Neighborhood Improvement Zone Development Authority</title>
        <cusip>018444BF5</cusip>
        <identifiers>
          <isin value="US018444BF57"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>180918.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
        <lei>N/A</lei>
        <title>Buckeye Tobacco Settlement Financing Authority</title>
        <cusip>118217CW6</cusip>
        <identifiers>
          <isin value="US118217CW66"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>950800.00000000</valUSD>
        <pctVal>1.480520313317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QV25</cusip>
        <identifiers>
          <isin value="US74526QV254"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105750.00000000</valUSD>
        <pctVal>0.164666620880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP L</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp/LA</title>
        <cusip>88880PCN2</cusip>
        <identifiers>
          <isin value="US88880PCN24"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>494642.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QP71</cusip>
        <identifiers>
          <isin value="US74526QP710"/>
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        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27700.00000000</valUSD>
        <pctVal>0.043132533318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
        <cusip>709224DM8</cusip>
        <identifiers>
          <isin value="US709224DM80"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>552285.00000000</valUSD>
        <pctVal>0.859980186412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLORIDA DEV FIN CORP SURFACE T</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp</title>
        <cusip>34061YAD2</cusip>
        <identifiers>
          <isin value="US34061YAD22"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>419743.25000000</valUSD>
        <pctVal>0.653595296595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARYLAND ST HLTH &amp; HGR EDUCTNL</name>
        <lei>N/A</lei>
        <title>Maryland Health &amp; Higher Educational Facilities Authority</title>
        <cusip>5742184J9</cusip>
        <identifiers>
          <isin value="US5742184J98"/>
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        <balance>255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>275071.05000000</valUSD>
        <pctVal>0.428321705017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VCD8</cusip>
        <identifiers>
          <isin value="US13048VCD82"/>
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        <balance>615000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>695374.35000000</valUSD>
        <pctVal>1.082789072922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN ST TOBACCO SECURITIZATI</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp</title>
        <cusip>38122NZU9</cusip>
        <identifiers>
          <isin value="US38122NZU98"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253132.50000000</valUSD>
        <pctVal>0.394160505059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QN57</cusip>
        <identifiers>
          <isin value="US74526QN574"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>38500.00000000</valUSD>
        <pctVal>0.059949549918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMMONWEALTH OF PUERTO RICO</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO-A</title>
        <cusip>74514LE86</cusip>
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          <isin value="US74514LE869"/>
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        <balance>1325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>798312.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MISSISSIPPI ST BUSINESS FIN CO</name>
        <lei>549300DYV074JUDKBQ77</lei>
        <title>Mississippi Business Finance Corp</title>
        <cusip>60528ABY9</cusip>
        <identifiers>
          <isin value="US60528ABY91"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100000.00000000</valUSD>
        <pctVal>0.155713116672</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.11000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>CO HLTH FACS AUTH</title>
        <cusip>19648AQ99</cusip>
        <identifiers>
          <isin value="US19648AQ993"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>348895.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>M-S-R CA ENERGY AUTH GAS REVEN</name>
        <lei>549300UEMSS1JTK5YB98</lei>
        <title>M-S-R Energy Authority</title>
        <cusip>55374SAH3</cusip>
        <identifiers>
          <isin value="US55374SAH31"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1513790.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISIANA ST PUBLIC FACS AUTH</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority</title>
        <cusip>54639TBU5</cusip>
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          <isin value="US54639TBU51"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>537640.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
        <cusip>709224ZD4</cusip>
        <identifiers>
          <isin value="US709224ZD44"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244593.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
        <lei>549300GHDK9DGLUNJU89</lei>
        <title>County of Cuyahoga OH</title>
        <cusip>2322655V6</cusip>
        <identifiers>
          <isin value="US2322655V62"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1117710.00000000</valUSD>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>LOUISIANA ST PUBLIC FACS AUTH</name>
        <lei>549300RQIPT5S4P4M065</lei>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI ARPT FACS R</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74443CAN39"/>
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        <valUSD>518475.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ORANGE CNTY FL HLTH FACS AUTHR</name>
        <lei>N/A</lei>
        <title>ORANGE COUNTY HEALTH FACILITIES AUTHORITY</title>
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          <isin value="US68450LCB99"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>753990.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052BAU8</cusip>
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          <isin value="US04052BAU89"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>348882.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP N</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp</title>
        <cusip>888808HQ8</cusip>
        <identifiers>
          <isin value="US888808HQ88"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149273.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp</title>
        <cusip>882667AG3</cusip>
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          <isin value="US882667AG31"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>189289.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2038-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWARTHMORE BORO PA AUTH</name>
        <lei>N/A</lei>
        <title>Swarthmore Borough Authority</title>
        <cusip>870000JD9</cusip>
        <identifiers>
          <isin value="US870000JD93"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>560119.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI LIMITED OBL</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74446HAD1</cusip>
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          <isin value="US74446HAD17"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>336444.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
        <lei>N/A</lei>
        <title>California State Public Works Board</title>
        <cusip>1306852J8</cusip>
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          <isin value="US1306852J89"/>
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        <curCd>USD</curCd>
        <valUSD>1066220.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>KANSAS CITY MO LAND CLEARANCE</name>
        <lei>N/A</lei>
        <title>Kansas City Land Clearance Redevelopment Authority</title>
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          <isin value="US48504MAC55"/>
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        <curCd>USD</curCd>
        <valUSD>139298.40000000</valUSD>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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          <isin value="US13032UMP02"/>
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        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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        <name>NEW JERSEY ST TURNPIKE AUTH</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp</title>
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        <name>SUFFOLK NY TOBACCO ASSET SECUR</name>
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          <isin value="US864809BD97"/>
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        <balance>750000.00000000</balance>
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        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
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          <isin value="US882667AL26"/>
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      <invstOrSec>
        <name>SHOALS IN EXEMPT FACS REVENUE</name>
        <lei>5493006DNS1L0C0NCJ71</lei>
        <title>Town of Shoals IN</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp</title>
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          <isin value="US79467BBK08"/>
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        <curCd>USD</curCd>
        <valUSD>571570.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2040-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST ECON DEV AUTH RE</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
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          <isin value="US645918J879"/>
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          <maturityDt>2028-06-15</maturityDt>
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      <invstOrSec>
        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp</title>
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          <isin value="US882667AN81"/>
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        <valUSD>569020.00000000</valUSD>
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          <maturityDt>2058-06-30</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>Chicago Board of Education</title>
        <cusip>167510AM8</cusip>
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          <isin value="US167510AM87"/>
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        <balance>210000.00000000</balance>
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          <maturityDt>2046-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HARRIS CNTY TX TOLL ROAD REVEN</name>
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        <title>Harris County Toll Road Authority/The</title>
        <cusip>41423PAX5</cusip>
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          <isin value="US41423PAX50"/>
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        <curCd>USD</curCd>
        <valUSD>567320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
        <title>Metropolitan Pier &amp; Exposition Authority</title>
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          <isin value="US592250DN11"/>
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        <balance>1375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1312616.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA GAS WKS REVENU</name>
        <lei>549300H8UJ7V5WU5IA90</lei>
        <title>Philadelphia Gas Works Co</title>
        <cusip>71783MAZ8</cusip>
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          <isin value="US71783MAZ86"/>
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        <valUSD>571525.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <title>NEW HOPE CULT EDU-B</title>
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          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA ST EDUCTNL FACS AUT</name>
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        <title>California Educational Facilities Authority</title>
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          <isin value="US130179SD70"/>
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        <valUSD>1669450.00000000</valUSD>
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        <name>MONROE CNTY PA HOSP AUTH</name>
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        <title>Monroe County Hospital Authority/PA</title>
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        <valUSD>533985.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>KALISPELL MT HSG &amp; HLTHCARE FA</name>
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        <title>City of Kalispell MT</title>
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          <isin value="US48342YAP60"/>
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        <curCd>USD</curCd>
        <valUSD>693770.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>MISSOURI ST HLTH &amp; EDUCTNL FAC</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>HEALTH &amp; EDUCATIONAL FACILITIES AUTHORITY OF THE STATE OF MISSOURI</title>
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          <isin value="US60636AFX63"/>
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        <curCd>USD</curCd>
        <valUSD>521670.00000000</valUSD>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>SALT LAKE CITY UT ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>Salt Lake City Corp Airport Revenue</title>
        <cusip>795576GR2</cusip>
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          <isin value="US795576GR28"/>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QV908"/>
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        <issuerCat>MUN</issuerCat>
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        <name>ARIZONA ST INDL DEV AUTH SENIO</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago IL</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>STATE OF CALIFORNIA</name>
        <lei>N/A</lei>
        <title>STATE OF CALIFORNIA</title>
        <cusip>13063BPX4</cusip>
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          <isin value="US13063BPX46"/>
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        <balance>440000.00000000</balance>
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        <pctVal>1.181103454096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>2020-08-20</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>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>AV91DelawareInvNatMuniIncFd.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>June 30, 2020 (Unaudited)</FONT></P>

<DIV align=left>

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



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

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

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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: 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 - 143.81%</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>

   <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 - 17.14%</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 Tobacco Settlement</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>Shoals, Indiana</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>Financing 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>(National Gypsum 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; (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>7.25% 11/1/43 (AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>310,000</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>326,852</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 A-2 3.00% 6/1/48</FONT></TD>

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

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

   <TD align=right><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>950,800</FONT>&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 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 A-2 4.00% 6/1/48</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>1,082,510</FONT>&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 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>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>Securitization</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, 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 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>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>775,275</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>(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 vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 9/1/36</FONT></TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>294,977</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 bgColor=#ccffcc 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>Asset-Backed Note</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>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>494,643</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>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>Tobacco Settlement Financing</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>(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>Corporation, 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>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>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>149,274</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; </FONT>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>1,131,786</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Subordinate 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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&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>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>368,008</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>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: 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>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 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>(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 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>66,152</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>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 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 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: 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 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>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>419,743</FONT>&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>256,891</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; 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 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>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 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>11,007,495</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; </FONT>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>253,133</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Education Revenue Bonds - 22.33%</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; 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: 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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: 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 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>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>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; </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: 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>(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>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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 6.50% 8/1/29</FONT></TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>647,103</FONT>&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>348,883</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 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>258,425</FONT>&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; 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: 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;&nbsp;&nbsp; </FONT>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>(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>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>392,867</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% 4/1/47</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>551,395</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>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>1,513,790</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>New York Liberty</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 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>1,669,450</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 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>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Bank of America Tower at</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>One Bryant Park 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>Development Authority</FONT>&nbsp;</TD>

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

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

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

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>2.625% 9/15/69</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>248,433</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>2.80% 9/15/69</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>630,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>618,320</FONT>&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; 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>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>1,004,410</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>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>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>(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: 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>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>Missouri</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; </FONT>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>(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 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>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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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>758,513</FONT>&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>521,670</FONT>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/20] 8/20 (1294509) 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>

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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>

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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>

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

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (CHF </FONT>- 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>(Swarthmore 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=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 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>Project) 5.00% 9/15/32</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>490,000</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>560,119</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>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: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Troy, New York Capital</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=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>461,067</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Resource 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=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 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>(Rensselaer Polytechnic)</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=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 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 A 5.125% 9/1/40</FONT></TD>

   <TD align=left>&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>604,578</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>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>562,445</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; University of California</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=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>Series AI 5.00% 5/15/32</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>1,114,710</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>Authority Revenue</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series AZ 5.25% 5/15/58</FONT></TD>

   <TD align=left>&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>578,274</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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; University of Texas 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 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 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>Revenue Financing 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 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>537,640</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Bonds</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=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 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 B 5.00% 8/15/49</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>1,660,510</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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; Wyoming Community</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=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 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></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 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>Student Housing 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=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>276,054</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(CHF-Wyoming LLC)</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=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 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>6.50% 7/1/43</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 style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>254,755</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 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=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 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>14,339,616</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

   <TD align=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 - 4.72%</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=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>1,030,910</FONT>&nbsp;</TD>

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

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

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

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

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

<TR vAlign=bottom>

   <TD align=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 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>Florida</FONT></TD>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD align=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 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 A 5.00% 10/1/33</FONT></TD>

   <TD align=left>&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>403,866</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>(Whitney Museum of</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>&nbsp;&nbsp;&nbsp; Long Island Power 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=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>New York Electric 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 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>508,835</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;&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></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 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>5.00% 9/1/47</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 align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>364,591</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>Authority for 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 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 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 A 5.00% 9/1/44</FONT></TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>286,567</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>(1st Philadelphia</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series B 5.00% 9/1/46</FONT></TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>151,259</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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&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></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>411,980</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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></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>Phoenix, Arizona Industrial</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&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><FONT style="BACKGROUND-COLOR: #ffffff" size=2 face=Arial></FONT></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>Development Authority</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&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=left>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>464,772</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>Revenue</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>&nbsp;&nbsp;&nbsp; Philadelphia, 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=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" 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>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,039,580</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(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></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>Pima County, Arizona</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&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></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>Industrial Development</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&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>571,525</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>Authority Education</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>&nbsp;&nbsp;&nbsp; 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></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 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>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=right>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.956pt" 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>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.05% 7/1/42 &#8225;</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>48,825</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>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>504,435</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series AAA 5.25%</FONT></TD>

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

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

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

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

<TR 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>Private Colleges &amp; Universities</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7/1/25 <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8225;</FONT></FONT></TD>

   <TD align=left></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>40,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>28,000</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>Authority Revenue, Georgia</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&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></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>(Mercer University) Series A</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7/1/27 <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#8225;</FONT></FONT></TD>

   <TD align=left><FONT size=2 face=Arial></FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>315,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>220,500</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 10/1/32</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>137,916</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;&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 align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>212,737</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

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

   <TD 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 XX 4.75% 7/1/26 &#8225;</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>40,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>27,700</FONT>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>2 NQ- OV9 [6/20] 8/20 (1294509)</FONT></P></DIV>

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<P style="TEXT-ALIGN: left"><B><FONT color=#d4d4d4 size=2 face=Frutiger-Bold,Arial,Helvetica,sans-serif>(Unaudited)</FONT></B></P>

<DIV align=left>

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



<TR>

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

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

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

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

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

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

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

<TR vAlign=bottom>

   <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>&nbsp;</TD>

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD 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>&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>&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>Electric Revenue Bonds (continued)</FONT>&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>Healthcare 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>Puerto Rico Electric Power</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>&nbsp;&nbsp;&nbsp; Capital Trust Agency, Florida</FONT></TD>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD 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>(Tuscan Gardens Senior</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 XX 5.25% 7/1/40 &#8225;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>120,000</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>84,000</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></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 XX 5.75% 7/1/36 &#8225;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>150,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>105,750</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>7.00% 4/1/49</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>375,000</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>281,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series ZZ 4.75% 7/1/27 &#8225;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>35,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>24,237</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; Colorado Health 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 bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series ZZ 5.25% 7/1/24 &#8225;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>55,000</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>38,500</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;&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></TR>

<TR vAlign=bottom>

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

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

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

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

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

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

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3,032,829</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Series A-2 4.00% 8/1/49</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>1,073,460</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=center><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Healthcare Revenue Bonds - 31.88%</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Healthcare 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 bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Alabama Special Care</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>American Baptist) 8.00%</FONT></TD>

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Facilities Financing</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>8/1/43</FONT></TD>

   <TD align=left>&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>348,896</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-Birmingham</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Sanford Health) 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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Alabama</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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>500,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>596,895</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>(Methodist Home for the</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>&nbsp;&nbsp;&nbsp; Cuyahoga County, Ohio</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>Aging) 6.00% 6/1/50</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>507,410</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Hospital 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>Allegheny County Hospital,</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(The Metrohealth 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 vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Development</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>5.50% 2/15/57</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>1,117,710</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Obligated Group Issue)</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Healthcare 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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 4.00% 4/1/44</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>324,789</FONT>&nbsp;</TD>

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

<TR bgColor=#ccffcc vAlign=bottom>

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

   <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>8/15/50 <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>AGM</FONT></FONT></TD>

   <TD align=left><FONT style="BACKGROUND-COLOR: #ffffff" size=2 face=Arial></FONT></TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>540,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>575,354</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>&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; Idaho Health 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 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><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>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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Great Lakes Senior Living</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(St. Luke&#8217;s Health 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: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Communities LLC 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>Project) 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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/54</FONT>&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>171,523</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>3/1/33</FONT></TD>

   <TD align=left>&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>1,521,737</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 1/1/49</FONT>&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>57,624</FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; Kalispell, Montana</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 B 5.125% 1/1/54</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>85,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>70,119</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Immanuel Lutheran</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>Berks County, Pennsylvania</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Corporation Project)</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>Industrial 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>Series A 5.25% 5/15/37</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>700,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>693,770</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>&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; Maine 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Tower Health Project)</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Educational 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 bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/50</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>1,106,730</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;&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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Brookhaven 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>(Maine General Medical</FONT></TD>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

   <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></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>309,048</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 Healthcare of</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>&nbsp;&nbsp;&nbsp; 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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Atlanta) Series A 4.00%</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>Educational 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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7/1/49</FONT>&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>33,618</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;&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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

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

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

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

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

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

<TR vAlign=bottom>

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

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

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

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

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Medical System Issue)</FONT></TD>

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

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

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

   <TD align=left>&nbsp;</TD></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 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></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>275,071</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>(Kaiser Permanente)</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>&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></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% 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>638,496</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;&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></TR>

<TR vAlign=bottom>

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

   <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>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: 19.956pt" 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>

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

<TR vAlign=bottom>

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

   <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>8/1/47</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>200,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>229,442</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>Medical Center) Series A</FONT>&nbsp;</TD>

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

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

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

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

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

   <TD align=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>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>818,596</FONT>&nbsp;</TD>

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

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

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

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

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

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

<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/20] 8/20 (1294509) 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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<TABLE style="WIDTH: 12in" cellSpacing=0 border=0>



<TR>

   <TD width="24%"></TD>

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

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   <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>

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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>

   <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>

   <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=left>&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>

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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>

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   <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>

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   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; 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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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=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>147,536</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; </FONT>(Beaumont Health Credit</FONT></TD>

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

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

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

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

   <TD style="TEXT-INDENT: 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 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>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=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>1,128,670</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>&nbsp;&nbsp;&nbsp; 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 and 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 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 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>261,693</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>800,670</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>&nbsp;&nbsp;&nbsp; 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 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;</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>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>298,140</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;</FONT></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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>763,365</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>&nbsp;&nbsp;&nbsp; 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>518,645</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 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;</FONT></FONT>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>124,259</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>118,811</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>&nbsp;&nbsp;&nbsp; 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>908,780</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 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;</FONT></FONT>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>310,041</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>520,287</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>&nbsp;&nbsp;&nbsp; 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>796,428</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;</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 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>20,471,280</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;</FONT></FONT>Series A 4.00% 7/1/53</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 align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>340,041</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>(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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Lease Revenue Bonds - 7.70%</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>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 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>578,360</FONT>&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>&nbsp;&nbsp;&nbsp; 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>(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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>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>1,066,220</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;</FONT></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: 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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: 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>402,932</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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></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>251,565</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>120,502</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;</FONT></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>753,990</FONT>&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 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>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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; 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: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Revenue</FONT>&nbsp;</TD>

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>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>(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 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>Expansion) 4.00%</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 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;</FONT></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>562,450</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,375,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,312,616</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; Palm Beach County 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>(Mccormick Place</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>Facilities Authority, 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>Expansion) 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>(Sinai Residences Boca</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>6/15/50</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>309,807</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;</FONT></FONT>Raton 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>New Jersey Economic</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;</FONT></FONT>Series A 7.25% 6/1/34</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>20,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>21,341</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 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;</FONT></FONT>Series A 7.50% 6/1/49</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>111,738</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series WW 5.25% 6/15/30</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>1,106,690</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 [6/20] 8/20 (1294509)</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>

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

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

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

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   <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; 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><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; 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 bgColor=#ccffcc vAlign=bottom>

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

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Transit 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>(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 bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Project) 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 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 A 5.00% 1/1/41-22&#167;</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>500,000</FONT></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>533,985</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; </FONT>11/1/44</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><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>509,270</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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; 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>&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>2,445,899</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; </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>Special Tax Revenue Bonds - 15.82%</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</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>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 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 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>&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 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>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 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>518,475</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;&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></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><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>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>&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>4,943,580</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;&nbsp;&nbsp;&nbsp;&nbsp; </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 colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Local General Obligation Bonds - 1.88%</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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </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>180,919</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

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

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </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>217,646</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;&nbsp;&nbsp;&nbsp;&nbsp; </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>551,977</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>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>221,653</FONT>&nbsp;</TD>

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

<TR 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 style="TEXT-INDENT: 19.955pt" 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></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 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>241,544</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;&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></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>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 style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>529,020</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></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>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></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>1,209,863</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></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 - 3.81%</FONT></TD>

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

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

   <TD vAlign=top 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>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></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>139,298</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; 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 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; Massachusetts Bay</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>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>Transportation 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 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 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>Senior</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>10/1/33-23<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

   <TD align=left></TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>741,756</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.25% 7/1/29</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>200,000</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>273,304</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>529,766</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; </FONT>5/15/37-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>110,610</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" 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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <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>

   <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></TR>

<TR vAlign=bottom>

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

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

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

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

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

   <TD align=left><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>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: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>New York</FONT></TD>

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

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

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

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>205,248</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>11/15/41-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>190,000</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>202,411</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;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>819,240</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; </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>

   <TD align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp; 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></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>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>330,249</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;&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></TR>

<TR vAlign=bottom>

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

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 3/15/33</FONT></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>1,127,290</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>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>Northampton County,</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>Pennsylvania Industrial</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>(Nazareth College</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;&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></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>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>

   <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>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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>10/1/41-21<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT></FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>495,000</FONT></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>526,888</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Route 33 Project) 7.00%</FONT></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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>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></TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>219,934</FONT>&nbsp;</TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/20] 8/20 (1294509) 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>

<DIV align=left>

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



<TR>

   <TD width="24%"></TD>

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

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

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

   <TD width="26%"></TD>

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

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

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

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD 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; TEXT-INDENT: 0.768pt" 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>&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 colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Special Tax Revenue Bonds (continued)</FONT>&nbsp;</TD>

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

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

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>State General Obligation 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>Port Authority of Allegheny</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>Illinois 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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>County, Pennsylvania</FONT>&nbsp;</TD>

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

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

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

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.125% 12/1/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>310,000</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>337,633</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>Special 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>5.50% 5/1/39</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>563,470</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Refunding</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>(Rebuild Illinois Program)</FONT>&nbsp;</TD>

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.75% 3/1/29</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>900,000</FONT>&nbsp;</TD>

   <TD align=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>930,411</FONT>&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>1,268,163</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>Public Finance 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 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>Wisconsin Airport 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 align=left>&nbsp;</TD>

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7,965,650</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 colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Transportation Revenue Bonds - 24.02%</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>(American Dream @</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>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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Meadowlands Project)</FONT>&nbsp;</TD>

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

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

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

   <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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>144A 7.00% 12/1/50 #</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>380,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>336,444</FONT>&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: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Puerto Rico Sales Tax</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% 10/1/37</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>482,232</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>Financing Revenue</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>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 style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Restructured) Series A-1</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>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: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>4.75% 7/1/53</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3,475,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3,579,806</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% 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>1,131,400</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>Regional Transportation</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>California Municipal Finance</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>District, Colorado Tax</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 Mobile Home</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>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>Park 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>(Denver Transit Partners)</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>(LINXS APM 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: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.00% 1/15/41</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>500,855</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% 12/31/47</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>Sales Tax Securitization,</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=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>695,374</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>Illinois</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>Chicago, Illinois O&#8217;Hare</FONT>&nbsp;</TD>

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 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>571,570</FONT>&nbsp;</TD>

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

<TR bgColor=#ccffcc vAlign=bottom>

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

   <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>City, Kansas Unified</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>(General-Senior Lien)</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>Government Special</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 D 5.25% 1/1/34</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,082,260</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>Obligation Revenue</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>Harris County, Texas Toll Road</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>(Sales Tax - Vacation Village</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</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>Project A) Series A 5.75%</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>(Senior Lien) 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 style="TEXT-INDENT: 19.956pt" 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>194,568</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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>567,320</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>10,160,630</FONT>&nbsp;</TD>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

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

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

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

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

   <TD style="TEXT-INDENT: 19.955pt" 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 colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>State General Obligation Bonds - 12.40%</FONT>&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</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>California State</FONT>&nbsp;</TD>

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

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

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

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.25% 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>324,624</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.25% 11/15/55</FONT>&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>860,033</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>(Various Purposes)</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>Metropolitan Washington D.C.</FONT>&nbsp;</TD>

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 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>383,546</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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></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% 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>463,091</FONT>&nbsp;</TD>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/47</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,233,820</FONT>&nbsp;</TD>

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 9.978pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Commonwealth of Puerto</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>Capital Improvement</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>Rico</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>Projects) Series B 4.00%</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>Series A 8.00% 7/1/35 &#8225;</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,325,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>798,313</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>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>550,494</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>District of Columbia</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>New Jersey Turnpike 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: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 6/1/37</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>618,645</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" 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>1,083,200</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>Illinois State</FONT>&nbsp;</TD>

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

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

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

   <TD style="TEXT-INDENT: 19.955pt" 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>298,807</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% 1/1/28</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>305,127</FONT>&nbsp;</TD>

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

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

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

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 5/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>90,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>93,227</FONT>&nbsp;</TD>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 11/1/36</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,170,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>1,236,140</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% 1/1/45</FONT>&nbsp;</TD>

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

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

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

<TR vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>160,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>165,390</FONT>&nbsp;</TD>

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

   <TD align=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>1,112,690</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>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>174,461</FONT>&nbsp;</TD>

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

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

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

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

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

<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6 NQ- OV9 [6/20] 8/20 (1294509)</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="16%"></TD>

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

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

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

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   <TD width="7%"></TD>

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

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

<TR vAlign=bottom>

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

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

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

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

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

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

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

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

   <TD style="TEXT-INDENT: 5.338pt" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Value</FONT></B>&nbsp;</TD></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=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" colSpan=2 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: 4.368pt" 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" 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>

   <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=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>

   <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>New York Liberty</FONT>&nbsp;</TD>

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

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

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

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

   <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 bgColor=#ccffcc vAlign=bottom>

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

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

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

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

   <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 vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(1 World Trade Center Port</FONT>&nbsp;</TD>

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

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

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

   <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 bgColor=#ccffcc vAlign=bottom>

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

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

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

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

   <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>5.00% 12/15/41</FONT>&nbsp;</TD>

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

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

   <TD align=left><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>525,155</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6.75% 6/30/43</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>225,000</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>256,041</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;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" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>7.00% 12/31/38</FONT>&nbsp;<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT></TD>

   <TD align=right><FONT style="BACKGROUND-COLOR: #ffffff" size=2 face=Arial></FONT></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>189,290</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</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: 9.977pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Triborough Bridge &amp; Tunnel</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" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(La Guardia Airport)</FONT>&nbsp;</TD>

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

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

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

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Authority Revenue, New</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" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.25% 1/1/50</FONT>&nbsp;</TD>

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

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

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

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>700,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>759,360</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(MTA Bridges And Tunnels)</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" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pennsylvania Turnpike</FONT>&nbsp;</TD>

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

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

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

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 11/15/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>350,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>439,243</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

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

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

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

   <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 vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A-1 5.00% 12/1/43</FONT>&nbsp;</TD>

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

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>552,285</FONT>&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 bgColor=#ccffcc vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>210,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>244,593</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 vAlign=bottom>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&nbsp;&nbsp; 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 style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/56</FONT>&nbsp;<FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT></TD>

   <TD align=right><FONT size=2 face=Arial></FONT></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>259,001</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

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

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

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

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

   <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>15,425,078</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

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

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

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

   <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" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Terminal) 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>504,005</FONT>&nbsp;</TD>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Water &amp; Sewer Revenue Bonds - 2.11%</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" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Salt Lake City, Utah Airport</FONT>&nbsp;</TD>

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

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

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

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

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

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

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

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

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

   <TD style="TEXT-INDENT: 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 vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series B 5.00% 7/1/42</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>625,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>744,106</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: 9.978pt" 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>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series GG-1 4.00%</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" 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>

   <TD style="TEXT-INDENT: 19.955pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6/15/50</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>585,340</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

   <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 vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 1/1/49</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>85,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>91,570</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>205,607</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 style="TEXT-INDENT: 9.977pt" colSpan=2 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></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

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

   <TD align=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>90,173</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 vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series A 5.00% 7/1/45</FONT>&nbsp;</TD>

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

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>563,350</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>(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>204,965</FONT>&nbsp;</TD>

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

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

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

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

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

<TR vAlign=bottom>

   <TD 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>

   <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>1,354,297</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 colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Total Municipal Bonds</FONT></B>&nbsp;</TD>

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

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

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

<TR vAlign=bottom>

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

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

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

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

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

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(cost $88,797,495)</FONT>&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><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>92,356,217</FONT></B>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

   <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>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>1,065,900</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Short-Term Investments - 0.78%</FONT></B>&nbsp;</TD>

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

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

   <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" 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>

   <TD colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Variable Rate Demand Notes - 0.78%&#164;</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" 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>

   <TD style="TEXT-INDENT: 9.977pt" colSpan=2 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></TR>

<TR vAlign=bottom>

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

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

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

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

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>

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

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

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

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

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>5.00% 12/31/40</FONT> <FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(AMT)</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>110,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>115,867</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(Chevron USA 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" 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>115,018</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series H 0.11% 11/1/35</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>100,000</FONT>&nbsp;</TD>

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

   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>100,000</FONT>&nbsp;</TD></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" 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>166,726</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 19.955pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Series K 0.11% 11/1/35</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 style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>400,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(LBJ Infrastructure) 7.50%</FONT>&nbsp;</TD>

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

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

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

   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>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></TR>

<TR bgColor=#ccffcc vAlign=bottom>

   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6/30/33</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>668,950</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" 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></TR>

<TR vAlign=bottom>

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

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   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(cost $500,000)</FONT>&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>500,000</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Segments 3 LLC Segment</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 19.956pt" colSpan=2 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>3C Project) 5.00%</FONT>&nbsp;</TD>

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   <TD colSpan=2 align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Total Value of Securities - 144.59%</FONT></B>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 19.956pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>6/30/58 (AMT)</FONT>&nbsp;</TD>

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

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   <TD align=right><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>569,020</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 9.977pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(cost $89,297,495)</FONT>&nbsp;</TD>

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   <TD align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>92,856,217</FONT></B>&nbsp;</TD></TR>

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

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<P style="TEXT-ALIGN: left"><FONT color=#b2b2b2 size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>(continues) </FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>NQ- OV9 [6/20] 8/20 (1294509) 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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   <TD colSpan=2 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 style="TEXT-INDENT: 5.964pt" 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>

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

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   <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>

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   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Stock - (46.71%)</FONT></B>&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 style="TEXT-INDENT: 5.165pt" 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>

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   <TD colSpan=2 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 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;</FONT><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Variable rate investment. Rates reset periodically. Rate shown reflects</FONT>&nbsp;</TD></TR>

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   <TD 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 style="TEXT-INDENT: 0.319pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>the rate in effect at June 30, 2020. For securities based on a published</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Liabilities - 2.12%</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>1,364,699</FONT></B></TD>

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   <TD style="TEXT-INDENT: 0.319pt" 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>

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   <TD colSpan=2 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 style="TEXT-INDENT: 0.319pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>intheirdescriptionabove. Thereferenceratedescriptions(i. e. LIBOR03M,</FONT>&nbsp;</TD></TR>

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   <TD 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: 0.319pt" 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>

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   <TD align=left><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>Outstanding - 100.00%</FONT></B>&nbsp;</TD>

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

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face=Frutiger-BoldCn,Arial,Helvetica,sans-serif>64,220,916</FONT></B></TD>

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   <TD style="TEXT-INDENT: 0.319pt" 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>

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   <TD style="TEXT-INDENT: 0.319pt" 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>

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   <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: 4.942pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Security exempt from registration under Rule 144A of the Securities</FONT></TD>

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   <TD style="TEXT-INDENT: 0.319pt" 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>

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   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Act of 1933, as amended. At June 30, 2020, the aggregate value</FONT></TD>

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   <TD style="TEXT-INDENT: 0.319pt" 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>

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   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>of Rule 144A securities was $3,340,718, which represents 5.20%</FONT></TD>

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   <TD style="TEXT-INDENT: 0.319pt" 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>

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   <TD style="TEXT-INDENT: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>of the Fund&#8217;s net assets.</FONT>&nbsp;</TD>

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   <TD style="TEXT-INDENT: 0.319pt" 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>

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   <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: 4.965pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Tax-exempt obligations that contain a floating or variable interest</FONT></TD>

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   <TD style="TEXT-INDENT: 0.319pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>reference rate and spread in their description above.</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>rate adjustment formula and an unconditional right of demand to</FONT></TD>

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   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>receive payment of the unpaid principal balance plus accrued interest</FONT></TD>

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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 style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>upon a short notice period (generally up to 30 days) prior to specified</FONT></TD>

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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: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>dates either from the issuer or by drawing on a bank letter of credit,</FONT></TD>

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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: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>a guarantee, or insurance issued with respect to such instrument.</FONT></TD>

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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: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Each rate shown is as of June 30, 2020.</FONT>&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: 5.164pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>&#167;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 4.965pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>Pre-refunded bonds. Municipal bonds that are generally backed or</FONT></TD>

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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>

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   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>secured by US Treasury bonds. For pre-refunded bonds, the stated</FONT></TD>

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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>

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   <TD style="TEXT-INDENT: 4.963pt" colSpan=3 align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>maturity is followed by the year in which the bond will be</FONT></TD>

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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>

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   <TD style="TEXT-INDENT: 4.963pt" align=left><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>pre-refunded.</FONT>&nbsp;</TD>

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<P style="TEXT-ALIGN: left"><FONT size=2 face=Frutiger-LightCn,Arial,Helvetica,sans-serif>8 NQ- OV9 [6/20] 8/20 (1294509)</FONT></P></DIV>

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