{"entity_type":"fund","name":"Putnam Tax-Free High Yield Fund","identifiers":{"lei":"GHIM2ZY9C5VFZ759VN46","cik":"771951","fund_id":"S000003861","fundkey":"putnam-tax-free-high-yield-fund"},"dates":{"reporting_period_start":"2025-07-31","reporting_period_end":"2025-07-31","filing_date":"2025-09-23"},"summary":{"total_positions":494,"total_value_usd":701868403.31,"asset_categories":["DBT","DIR","STIV"],"by_asset_category":{"DBT":{"positions":488,"total_value_usd":683740097.4},"Unknown":{"positions":1,"total_value_usd":16526125},"DIR":{"positions":1,"total_value_usd":-231369.68},"STIV":{"positions":4,"total_value_usd":1833550.59}}},"holdings":[{"issuer_name":"Putnam Funds Trust","title":"Putnam Short Term Investment Fund, Class P","isin":"US74676P6640","value_usd":16526125,"pct_val":2.50620769461,"balance":16526125,"units":"NS","currency":"USD","asset_cat":null,"issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"New York City Transitional Finance Authority","title":"New York City Transitional Finance Authority","isin":"US64972JWL87","value_usd":13185591.25,"pct_val":2.111617080755,"balance":12500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Port of Portland OR Airport Revenue","title":"Port of Portland, Series 27 A","isin":"US735240Y233","value_usd":13029305.3,"pct_val":2.086588542008,"balance":15710000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JPW98","value_usd":8767252.06,"pct_val":1.329564829829,"balance":9430000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Buckeye Tobacco Settlement Financing Authority","title":"Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Class 2","isin":"US118217CZ97","value_usd":7849612.05,"pct_val":1.257082414266,"balance":9650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Alaska Industrial Development & Export Authority","title":"Alaska Industrial Development & Export Authority, Series 2019 A","isin":"US011903GK13","value_usd":7538288.63,"pct_val":1.207225275603,"balance":8750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York State Thruway Authority","title":"New York State Thruway Authority","isin":"US650028ZP10","value_usd":7311953.01999999,"pct_val":1.170978577901,"balance":7300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL","title":"City of Chicago, Series 2021 B","isin":"US167486K659","value_usd":6824257.1,"pct_val":1.092876123838,"balance":7553000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Orange County Health Facilities Authority","title":"Orange County Health Facilities Authority, Series 2022","isin":"US68450LGQ23","value_usd":6373715.03,"pct_val":1.020723702868,"balance":7735000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Clifton Higher Education Finance Corp.","title":"Clifton Higher Education Finance Corp., Series 2018 D","isin":"US187145JT58","value_usd":6007953.6,"pct_val":0.962148545454,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Transportation Development Corp.","title":"New York Transportation Development Corp., Series 2025","isin":"US650116JP21","value_usd":5654974.05,"pct_val":0.905620352459,"balance":5500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"St Louis County Industrial Development Authority","title":"St. Louis County Industrial Development Authority, Series 2018 A","isin":"US791524CP42","value_usd":5489673.6,"pct_val":0.879148179383,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Grays Harbor County Public Hospital District No. 1","title":"Grays Harbor County Public Hospital District No. 1, Series 2023","isin":"US389526AJ35","value_usd":5374478.5,"pct_val":0.860700167749,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Maryland Economic Development Corp.","title":"Maryland Economic Development Corp., Series 2022 A","isin":"US57420VSP93","value_usd":5225204.04,"pct_val":0.836794489689,"balance":5025000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Commonwealth of Puerto Rico","title":"Commonwealth of Puerto Rico, Series 2022 A-1","isin":"US74514L3M75","value_usd":5183468.4,"pct_val":0.830110702164,"balance":5500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Illinois Finance Authority","title":"Illinois Finance Authority, Series 2017 A","isin":"US45203KAP03","value_usd":5007884.75,"pct_val":0.801991717781,"balance":5500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Commonwealth of Puerto Rico","title":"Commonwealth of Puerto Rico, Series 2022 A-1","isin":"US74514L3N58","value_usd":4971821.01,"pct_val":0.796216261229,"balance":5700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2023-1, Class A","isin":"US93978T4M89","value_usd":4636463.56,"pct_val":0.742510173565,"balance":5115860.0654,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Transportation Development Corp.","title":"New York Transportation Development Corp., Series 2023","isin":"US650116GY64","value_usd":4471378.12,"pct_val":0.716072433438,"balance":4400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Chicago Board of Education","title":"Chicago Board of Education, Series 2017 H","isin":"US167505TJ54","value_usd":4464978.96,"pct_val":0.71504763483,"balance":4600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Port Authority of New York & New Jersey","title":"Port Authority of New York & New Jersey","isin":"US73358W4C50","value_usd":4359213.24,"pct_val":0.698109698815,"balance":4485000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Texas State Technical College","title":"Texas State Technical College, Series 2022 A","isin":"US88276RFL15","value_usd":4286932.8,"pct_val":0.686534289808,"balance":4000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"District of Columbia","title":"District of Columbia, Series 2022 A","isin":"US25483VZZ02","value_usd":4164662.99,"pct_val":0.66695329307,"balance":3755000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Liberty Development Corp.","title":"New York Liberty Development Corp., Series 2022 A, Class 1","isin":"US649519EY79","value_usd":4127645.79,"pct_val":0.661025143902,"balance":5450000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Transportation Development Corp.","title":"New York Transportation Development Corp., Series 2018","isin":"US650116CQ76","value_usd":4096700.22,"pct_val":0.656069340787,"balance":4405000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 A","isin":"US126292AD39","value_usd":4076344.81,"pct_val":0.652809507335,"balance":4805000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Chicago O'Hare International Airport","title":"Chicago O'Hare International Airport, Series 2022 A","isin":"US167593Y489","value_usd":4051154.21,"pct_val":0.614362644186,"balance":3925000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Liberty Development Corp.","title":"New York Liberty Development Corp., Series 2021 A","isin":"US649519DW23","value_usd":4038085.14,"pct_val":0.646682381813,"balance":6025000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California County Tobacco Securitization Agency","title":"California County Tobacco Securitization Agency, Series 2020 B-2","isin":"US13016NFC39","value_usd":3871074.12,"pct_val":0.587053271468,"balance":20390000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lancaster County Hospital Authority/PA","title":"Lancaster County Hospital Authority, Series 2019 A","isin":"US51404PAK57","value_usd":3865304.3,"pct_val":0.619012255684,"balance":4705000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Maricopa County Industrial Development Authority","title":"Maricopa County Industrial Development Authority, Series 2024","isin":"US56681NJD03","value_usd":3821712.98,"pct_val":0.612031288798,"balance":3700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Electric Power Authority","title":"Puerto Rico Electric Power Authority, Series TT","isin":"US74526YDB83","value_usd":3656250,"pct_val":0.585533087225,"balance":7500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 A-2","isin":"US126292AR25","value_usd":3601500.3,"pct_val":0.57676515263,"balance":5400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 A-2","isin":"US126292AW10","value_usd":3595232.85,"pct_val":0.575761446825,"balance":5500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Detroit MI","title":"City of Detroit, Series B-1","isin":"US251093S844","value_usd":3542194.19,"pct_val":0.567267528102,"balance":4549005,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"George L Smith II Congress Center Authority","title":"George L Smith II Congress Center Authority, Series 2021 B","isin":"US37255MAF23","value_usd":3507361.21,"pct_val":0.561689172596,"balance":3970000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City & County of Denver","title":"City & County of Denver","isin":"US249182TG12","value_usd":3448263.04,"pct_val":0.552224848787,"balance":3175000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ohio Higher Educational Facility Commission","title":"Ohio Higher Educational Facility Commission, Series 2022","isin":"US67756DE284","value_usd":3442997.38,"pct_val":0.551381575445,"balance":3490000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hampshire Business Finance Authority","title":"New Hampshire Business Finance Authority, Series 2024-2, Class A","isin":"US63607WAU80","value_usd":3436178.73,"pct_val":0.550289597275,"balance":3771032.4593,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"District of Columbia","title":"District of Columbia, Series 2017 B","isin":"US25483VTR59","value_usd":3367417.11,"pct_val":0.510673050823,"balance":3315000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Buckeye Tobacco Settlement Financing Authority","title":"Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Class 1","isin":"US118217CW66","value_usd":3258909.52,"pct_val":0.521900677534,"balance":4870000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Houston TX Airport System Revenue","title":"City of Houston Airport System, Series 2021 A","isin":"US442349FZ40","value_usd":3222828.75,"pct_val":0.516122493699,"balance":3750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2018","isin":"US74442PJR73","value_usd":3213313.08,"pct_val":0.514598599098,"balance":3425000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ohio Higher Educational Facility Commission","title":"Ohio Higher Educational Facility Commission, Series 2022","isin":"US67756DE367","value_usd":3206088.93,"pct_val":0.513441681806,"balance":3300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Iowa Finance Authority","title":"Iowa Finance Authority, Series 2024 A","isin":"US46247SFV16","value_usd":3188114.65,"pct_val":0.510563176326,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Florida Development Finance Corp.","title":"Florida Development Finance Corp., Series 2022 A","isin":"US34061QBU04","value_usd":3158928.5,"pct_val":0.505889136938,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Matagorda County Navigation District No. 1","title":"Matagorda County Navigation District No. 1, Series 2005 A","isin":"US576528CY75","value_usd":3135629.1,"pct_val":0.502157835847,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2020 A-1","isin":"US74442PPU39","value_usd":3113088.82,"pct_val":0.498548104638,"balance":3800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Camden County Improvement Authority (The)","title":"Camden County Improvement Authority (The), Series 2022","isin":"US13281PAD96","value_usd":3057087.6,"pct_val":0.489579744368,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Sunnyvale CA","title":"City of Sunnyvale, Series 2001","isin":"US867587AC17","value_usd":3044930.52,"pct_val":0.487632839046,"balance":3035000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Dallas Area Municipal Authority","title":"Dallas Area Municipal Authority, Series 2019","isin":"US235171AR61","value_usd":3031299.36,"pct_val":0.485449866001,"balance":3600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Florida Local Government Finance Commission","title":"Florida Local Government Finance Commission, Series 2025 A","isin":"US34077EAE68","value_usd":3001830.44,"pct_val":0.480730542184,"balance":3100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL","title":"City of Chicago, Series 2021 A","isin":"US167486M556","value_usd":2957506.34,"pct_val":0.473632223658,"balance":3150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health & Educational Facilities Authority of the State of Missouri","title":"Health & Educational Facilities Authority of the State of Missouri, Series 2023 A","isin":"US60636AWD17","value_usd":2950515.1,"pct_val":0.472512605923,"balance":3965000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Plaza Metropolitan District No. 1","title":"Plaza Metropolitan District No. 1, Series 2013","isin":"US72818QAX16","value_usd":2934251.7,"pct_val":0.469908090693,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Black Desert Public Infrastructure District","title":"Black Desert Public Infrastructure District, Series 2024","isin":"US09204TAA97","value_usd":2917239,"pct_val":0.467183578214,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tobacco Settlement Financing Corp.","title":"Tobacco Settlement Financing Corp., Series 2015 B","isin":"US888809BG44","value_usd":2892341.1,"pct_val":0.463196284059,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2023-1, Class A","isin":"US74448GAA76","value_usd":2828116.34,"pct_val":0.452910958384,"balance":2842699.67,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tobacco Securitization Authority of Southern California","title":"Tobacco Securitization Authority of Southern California, Series 2019 B-2, Class 2","isin":"US888804CU32","value_usd":2811666.32,"pct_val":0.450276556744,"balance":14660000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Housing Finance Agency","title":"California Housing Finance Agency, Series 2024 L","isin":"US13034DAG97","value_usd":2805886.33,"pct_val":0.449350915612,"balance":2750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Suffolk Regional Off-Track Betting Co.","title":"Suffolk Regional Off-Track Betting Co., Series 2024","isin":"US86480TAC80","value_usd":2777833.15,"pct_val":0.444858316613,"balance":2730000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Detroit Downtown Development Authority","title":"Detroit Downtown Development Authority, Series 2024","isin":"US251135HU61","value_usd":2762103.75,"pct_val":0.442339319241,"balance":2780000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hampshire Business Finance Authority","title":"New Hampshire Business Finance Authority, Series 2020 A","isin":"US63607YAN04","value_usd":2755612.48,"pct_val":0.441299769603,"balance":3495000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Village Community Development District No. 13","title":"Village Community Development District No. 13, Series 2020","isin":"US92708HAK05","value_usd":2752174.39,"pct_val":0.440749173924,"balance":3820000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"North Carolina Medical Care Commission","title":"North Carolina Medical Care Commission, Series 2019 A","isin":"US65820YQK54","value_usd":2743524.14,"pct_val":0.439363872703,"balance":2970000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"District of Columbia","title":"District of Columbia, Series 2017 A","isin":"US25483VSG04","value_usd":2738712.94,"pct_val":0.438593379222,"balance":3170000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City & County of Denver","title":"City & County of Denver","isin":"US249182TF39","value_usd":2737916.25,"pct_val":0.438465792664,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL","title":"City of Chicago, Series 2020 A","isin":"US167486G459","value_usd":2715262.16,"pct_val":0.411772930331,"balance":2600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Davis Joint Unified School District","title":"Davis Joint Unified School District, Series 2020","isin":"US238848EA97","value_usd":2693326.21,"pct_val":0.431324884963,"balance":3140000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Pinellas County Industrial Development Authority","title":"Pinellas County Industrial Development Authority, Series 2019","isin":"US72316VAT61","value_usd":2658995.02,"pct_val":0.425826889019,"balance":2770000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2023","isin":"US93978LGP58","value_usd":2621865.25,"pct_val":0.419880712238,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Community Housing Agency","title":"California Community Housing Agency, Series 2021 A-1","isin":"US13013FAR55","value_usd":2599913.12,"pct_val":0.416365170782,"balance":3275000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"District of Columbia","title":"District of Columbia, Series 2020","isin":"US25483VXU33","value_usd":2587286.9,"pct_val":0.414343134658,"balance":2750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Pennsylvania Economic Development Financing Authority","title":"Pennsylvania Economic Development Financing Authority, Series 2022","isin":"US70868YAY59","value_usd":2562378.25,"pct_val":0.410354118936,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CMFA Special Finance Agency I","title":"CMFA Special Finance Agency I, Series 2021 A-2","isin":"US12574TAB35","value_usd":2529822.75,"pct_val":0.405140492291,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health & Educational Facilities Authority of the State of Missouri","title":"Health & Educational Facilities Authority of the State of Missouri, Series 2023 B","isin":"US60636AWS85","value_usd":2514874.25,"pct_val":0.402746552776,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2021 A","isin":"US74445QDW78","value_usd":2476454.05,"pct_val":0.396593719048,"balance":3500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Projects Finance Authority/FL","title":"Capital Projects Finance Authority, Series 2024 B","isin":"US140427CK94","value_usd":2426287.74,"pct_val":0.388559795118,"balance":17800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024-1, Class B-1","isin":"US74448FAA93","value_usd":2408361.63,"pct_val":0.385689003861,"balance":2375000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 A-2","isin":"US126292AF86","value_usd":2407745.02,"pct_val":0.385590256359,"balance":3400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Housing & Redevelopment Authority of The City of St Paul Minnesota","title":"Housing & Redevelopment Authority of the City of St. Paul Minnesota, Series 2020 A","isin":"US852297DB34","value_usd":2398664.95,"pct_val":0.38413612127,"balance":2750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Louisiana Public Facilities Authority","title":"Louisiana Public Facilities Authority, Series 2024","isin":"US546399SY35","value_usd":2391289.44,"pct_val":0.382954964308,"balance":2400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arlington Higher Education Finance Corp.","title":"Arlington Higher Education Finance Corp., Series 2022","isin":"US041807CE68","value_usd":2346985.92,"pct_val":0.375859941583,"balance":2400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Authority for Colorado Energy","title":"Public Authority for Colorado Energy, Series 2008","isin":"US744387AD35","value_usd":2331486,"pct_val":0.373377694469,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Oneida Indian Nation of New York","title":"Oneida Indian Nation of New York, Series 2024 A","isin":"US682504AB11","value_usd":2300534.55,"pct_val":0.368420949697,"balance":2250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Transportation Development Corp.","title":"New York Transportation Development Corp., Series 2023","isin":"US650116GP57","value_usd":2257484.02,"pct_val":0.361526588059,"balance":2200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series A","isin":"US939783TJ59","value_usd":2234596.75,"pct_val":0.357861287858,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 A-2","isin":"US126292BG50","value_usd":2200739.52,"pct_val":0.352439194618,"balance":3200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Miami-Dade County Industrial Development Authority","title":"Miami-Dade County Industrial Development Authority, Series 2014","isin":"US59333ECQ44","value_usd":2195036,"pct_val":0.351525799836,"balance":2195000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Long Beach Bond Finance Authority","title":"Long Beach Bond Finance Authority, Series 2007 A","isin":"US54241AAZ66","value_usd":2193302.6,"pct_val":0.351248203103,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health & Educational Facilities Authority of the State of Missouri","title":"Health & Educational Facilities Authority of the State of Missouri, Series 2021 A","isin":"US60637ATN27","value_usd":2168985.75,"pct_val":0.347353961667,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Prairie Center Metropolitan District No. 3","title":"Prairie Center Metropolitan District No. 3, Series 2024 A","isin":"US739476AG42","value_usd":2149196.91,"pct_val":0.344184862022,"balance":2100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"North Carolina Medical Care Commission","title":"North Carolina Medical Care Commission, Series 2021 C","isin":"US65821DYT26","value_usd":2142232,"pct_val":0.343069460926,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd","title":"Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2020 A","isin":"US592041YV36","value_usd":2105194.5,"pct_val":0.337138060798,"balance":3000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hastings Campus Housing Finance Authority","title":"Hastings Campus Housing Finance Authority, Series 2020 A","isin":"US418338AB53","value_usd":2087520.25,"pct_val":0.334307603864,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Chicago Midway International Airport","title":"Chicago Midway International Airport, Series 2023 A","isin":"US167562SG33","value_usd":2084688,"pct_val":0.333854030917,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Collegiate Charter School of Lowell","title":"Collegiate Charter School of Lowell, Series 2019","isin":"US547649AC78","value_usd":2082579.82,"pct_val":0.333516414741,"balance":2290000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Projects Finance Authority/FL","title":"Capital Projects Finance Authority, Series 2020 A-1","isin":"US140427BP90","value_usd":2081088.4,"pct_val":0.33327757009,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Philadelphia Authority for Industrial Development","title":"Philadelphia Authority for Industrial Development, Series 2017, Class III","isin":"US717908AL15","value_usd":2065423.8,"pct_val":0.330768950165,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Chicago Midway International Airport","title":"Chicago Midway International Airport, Series 2023 C","isin":"US167562TJ62","value_usd":2061303.2,"pct_val":0.330109053375,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2022 B","isin":"US74447DAG25","value_usd":2027513,"pct_val":0.324697694709,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Skagit County Public Hospital District No. 1","title":"Skagit County Public Hospital District No. 1, Series 2024","isin":"US830227EP53","value_usd":2015508.8,"pct_val":0.322775272477,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2016","isin":"US19648FAY07","value_usd":2005913,"pct_val":0.321238545393,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Jersey Economic Development Authority","title":"New Jersey Economic Development Authority, Series 2003","isin":"US64578CBU45","value_usd":2001981.2,"pct_val":0.320608884131,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Skagit County Public Hospital District No. 1","title":"Skagit County Public Hospital District No. 1, Series 2016","isin":"US830227EC41","value_usd":1997187.8,"pct_val":0.319841241245,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Prince George's MD","title":"County of Prince George's, Series 2018","isin":"US74172RBQ92","value_usd":1969769.6,"pct_val":0.315450331627,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Transportation Development Corp.","title":"New York Transportation Development Corp., Series 2020","isin":"US650116CZ75","value_usd":1967905,"pct_val":0.315151723765,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Commonwealth of Puerto Rico","title":"Commonwealth of Puerto Rico, Series 2022 A-1","isin":"US74514L3K10","value_usd":1951585.4,"pct_val":0.312538208341,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Chester County Industrial Development Authority","title":"Chester County Industrial Development Authority, Series 2013 A","isin":"US16559PAT21","value_usd":1939401.64,"pct_val":0.310587030328,"balance":2200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Massachusetts Development Finance Agency","title":"Massachusetts Development Finance Agency, Series 2021","isin":"US57584YN396","value_usd":1921040.45,"pct_val":0.307646562837,"balance":2615000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL","title":"City of Chicago, Series 2019 A","isin":"US167486E215","value_usd":1876478.2,"pct_val":0.300510105588,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Infrastructure & Economic Development Bank","title":"California Infrastructure & Economic Development Bank, Series 2025 A","isin":"US13034A6B14","value_usd":1873558.89,"pct_val":0.300042590348,"balance":2100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2021 A","isin":"US93978LGF76","value_usd":1872076.01,"pct_val":0.299805113342,"balance":2235000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2023 A","isin":"US74439YEU10","value_usd":1865370.6,"pct_val":0.298731270082,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mida Mountain Village Public Infrastructure District","title":"MIDA Mountain Village Public Infrastructure District, Series 2020 A","isin":"US59561TAC71","value_usd":1847301.6,"pct_val":0.295837595592,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Town of Millsboro DE","title":"Town of Millsboro, Series 2018","isin":"US601266AD17","value_usd":1835175.89,"pct_val":0.293895714044,"balance":1996000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kentucky Economic Development Finance Authority","title":"Kentucky Economic Development Finance Authority, Series 2016 A","isin":"US49126PFF27","value_usd":1807566.8,"pct_val":0.289474234193,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2018 A","isin":"US83704MAL00","value_usd":1805208.4,"pct_val":0.289096546335,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2019 B","isin":"US74439YCV11","value_usd":1800445.7,"pct_val":0.288333819925,"balance":1900000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024","isin":"US74443DKZ32","value_usd":1775997.8,"pct_val":0.284418591381,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 A-2","isin":"US126292BB63","value_usd":1773543.52,"pct_val":0.284025548743,"balance":2800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Liberty Development Corp.","title":"New York Liberty Development Corp., Series 2021 A","isin":"US649519DV40","value_usd":1767638.25,"pct_val":0.283079844545,"balance":2650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the City of Phoenix Arizona (The)","title":"Industrial Development Authority of the City of Phoenix Arizona (The), Series 2016 A","isin":"US71885FEA12","value_usd":1750418.08,"pct_val":0.280322106616,"balance":1750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lehigh County Industrial Development Authority","title":"Lehigh County Industrial Development Authority, Series 2021 A","isin":"US52481MAC47","value_usd":1745168.42,"pct_val":0.279481395607,"balance":2385000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Florida Development Finance Corp.","title":"Florida Development Finance Corp., Series 2021 A","isin":"US34061UHZ49","value_usd":1723936.73,"pct_val":0.276081229592,"balance":2250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Centerville OH","title":"City of Centerville, Series 2017","isin":"US152241AZ80","value_usd":1721404.6,"pct_val":0.275675719604,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2019 A-2","isin":"US19648FKS29","value_usd":1714700.93,"pct_val":0.274602154998,"balance":1750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Municipal Finance Authority","title":"California Municipal Finance Authority, Series 2024, Class I","isin":"US13048VQ279","value_usd":1712477.66,"pct_val":0.274246107641,"balance":1700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the County of Pima (The)","title":"Industrial Development Authority of the County of Pima (The), Series 2022 A","isin":"US72178AAJ16","value_usd":1704465.84,"pct_val":0.272963048305,"balance":1650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Houston Higher Education Finance Corp.","title":"Houston Higher Education Finance Corp., Series 2021","isin":"US44237QAG01","value_usd":1702338.54,"pct_val":0.258161786128,"balance":2100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024","isin":"US74441XHS18","value_usd":1697205.54,"pct_val":0.271800341741,"balance":1700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd","title":"Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2019","isin":"US592029AE23","value_usd":1670031.18,"pct_val":0.267448482075,"balance":1800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"James City County Economic Development Authority","title":"James City County Economic Development Authority, Series 2021 A","isin":"US47029WED56","value_usd":1644859.13,"pct_val":0.263417283949,"balance":2250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Lincoln SD","title":"County of Lincoln, Series 2021 A","isin":"US53340EAB39","value_usd":1631758.75,"pct_val":0.247458271978,"balance":2060000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Delaware State Economic Development Authority","title":"Delaware State Economic Development Authority, Series 2016 A","isin":"US246387RW62","value_usd":1625941.77,"pct_val":0.260387748167,"balance":1820000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tarrant County Cultural Education Facilities Finance Corp.","title":"Tarrant County Cultural Education Facilities Finance Corp., Series 2017","isin":"US87638RKB23","value_usd":1622703.29,"pct_val":0.259869119191,"balance":1620000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Salt Verde Financial Corp.","title":"Salt Verde Financial Corp., Series 2007-1","isin":"US79575EAQ17","value_usd":1619940.1,"pct_val":0.245665958803,"balance":1525000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arizona Industrial Development Authority","title":"Arizona Industrial Development Authority, Series 2021 B","isin":"US04052BQV98","value_usd":1612662.6,"pct_val":0.258261144842,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Salt Verde Financial Corp.","title":"Salt Verde Financial Corp., Series 2007-1","isin":"US79575EAR99","value_usd":1602333,"pct_val":0.25660690277,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southlands Metropolitan District No. 1","title":"Southlands Metropolitan District No. 1, Series 2017 A-1","isin":"US84454RAX35","value_usd":1596208.21,"pct_val":0.255626043365,"balance":1745000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"North Carolina Medical Care Commission","title":"North Carolina Medical Care Commission, Series 2016","isin":"US65820YMR44","value_usd":1590747.78,"pct_val":0.254751578426,"balance":1590000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Lake FL","title":"County of Lake, Series 2020 A","isin":"US50826FAD50","value_usd":1570522.98,"pct_val":0.251512661617,"balance":1750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Washington Airports Authority","title":"Metropolitan Washington Airports Authority","isin":"US592643DJ62","value_usd":1566500.15,"pct_val":0.250868422282,"balance":1935000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Rampart Range Metropolitan District No. 5","title":"Rampart Range Metropolitan District No. 5, Series 2021","isin":"US75157WAC64","value_usd":1554966.6,"pct_val":0.249021372671,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Chicago Board of Education","title":"Chicago Board of Education, Series 2017 A","isin":"US167505RM02","value_usd":1541590.8,"pct_val":0.246879294458,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Iowa Finance Authority","title":"Iowa Finance Authority, Series 2023 B","isin":"US46247SFF65","value_usd":1531404.28,"pct_val":0.245247966046,"balance":1400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Town of Bridgeville DE","title":"Town of Bridgeville, Series 2024","isin":"US108588AP93","value_usd":1503399.57,"pct_val":0.240763129314,"balance":1530000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arizona Industrial Development Authority","title":"Arizona Industrial Development Authority, Series 2017 G","isin":"US04052BEX82","value_usd":1502552.55,"pct_val":0.240627482617,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Maricopa County Industrial Development Authority","title":"Maricopa County Industrial Development Authority, Series 2016","isin":"US56681NAN75","value_usd":1502254.95,"pct_val":0.240579823227,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Connecticut State Health & Educational Facilities Authority","title":"Connecticut State Health & Educational Facilities Authority, Series F","isin":"US20774YW299","value_usd":1502138.25,"pct_val":0.240561134211,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Lowry Crossing TX","title":"City of Lowry Crossing, Series 2025","isin":"US54877WAD83","value_usd":1501998.27,"pct_val":0.240538717002,"balance":1507000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the City of Phoenix Arizona (The)","title":"Industrial Development Authority of the City of Phoenix Arizona (The), Series 2015 A","isin":"US71885FDN42","value_usd":1500333.75,"pct_val":0.240272151112,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Suffolk Economic Development Authority","title":"Suffolk Economic Development Authority, Series 2016","isin":"US86482NAJ46","value_usd":1494399.45,"pct_val":0.239321797882,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Ham Lake MN","title":"City of Ham Lake, Series 2016 A","isin":"US406511AN53","value_usd":1491524.55,"pct_val":0.238861394717,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michigan State Housing Development Authority","title":"Michigan State Housing Development Authority, Series 2021 A","isin":"US59465PBA57","value_usd":1489799,"pct_val":0.238585055129,"balance":2500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wisconsin Health & Educational Facilities Authority","title":"Wisconsin Health & Educational Facilities Authority, Series 2024 A","isin":"US97712JJF12","value_usd":1485919.65,"pct_val":0.237963793513,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2015 A","isin":"US74442PAV76","value_usd":1468467.75,"pct_val":0.235168944998,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL","title":"City of Chicago, Series 2020 A","isin":"US167486G525","value_usd":1454570.46,"pct_val":0.220587444377,"balance":1400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Town of Millsboro DE","title":"Town of Millsboro, Series 2018","isin":"US601266AC34","value_usd":1448813.61,"pct_val":0.232021416992,"balance":1492000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ohio Higher Educational Facility Commission","title":"Ohio Higher Educational Facility Commission, Series 2022","isin":"US67756DJ986","value_usd":1446185.58,"pct_val":0.231600549021,"balance":1475000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Middleton Community Development District A","title":"Middleton Community Development District A, Series 2024","isin":"US596681AK25","value_usd":1437740.5,"pct_val":0.230248104914,"balance":1595000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Detroit MI","title":"City of Detroit, Series 2018","isin":"US2510933Q14","value_usd":1424047.24,"pct_val":0.228055186815,"balance":1400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Florida Higher Educational Facilities Financial Authority","title":"Florida Higher Educational Facilities Financing Authority, Series 2019","isin":"US34073TLP02","value_usd":1403112.6,"pct_val":0.22470259211,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cypress Bluff Community Development District","title":"Cypress Bluff Community Development District, Series 2025","isin":"US23267AAC18","value_usd":1402673.1,"pct_val":0.22463220803,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Horace ND","title":"City of Horace, Series 2024 C","isin":"US440365JP09","value_usd":1399534.65,"pct_val":0.224129598439,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Suffolk Tobacco Asset Securitization Corp.","title":"Suffolk Tobacco Asset Securitization Corp., Series 2021 A-2","isin":"US864809CA40","value_usd":1393622.09,"pct_val":0.223182726778,"balance":1700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Middleton Community Development District A","title":"Middleton Community Development District A, Series 2022","isin":"US596681AE64","value_usd":1383744.2,"pct_val":0.221600824165,"balance":1345000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Louisiana Public Facilities Authority","title":"Louisiana Public Facilities Authority, Series 2025 A","isin":"US546399UP99","value_usd":1377088.4,"pct_val":0.220534925739,"balance":1355000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the City of St Louis Missouri (The)","title":"Industrial Development Authority of the City of St. Louis Missouri (The), Series 2017 A","isin":"US85236BAC63","value_usd":1373440.74,"pct_val":0.219950768304,"balance":1625000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California County Tobacco Securitization Agency","title":"California County Tobacco Securitization Agency, Series 2020 B-2","isin":"US13016NJB10","value_usd":1363371.34,"pct_val":0.218338196169,"balance":7355000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2018","isin":"US74444VAG59","value_usd":1353042.45,"pct_val":0.2166840678,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hampshire Business Finance Authority","title":"New Hampshire Business Finance Authority, Series 2020 A","isin":"US63607YAM21","value_usd":1343858.01,"pct_val":0.215213218294,"balance":1650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2020 A","isin":"US19648FRW67","value_usd":1343123.42,"pct_val":0.215095576789,"balance":1700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Ramsey MN","title":"City of Ramsey, Series 2022 A","isin":"US751814AA28","value_usd":1315830.02,"pct_val":0.210724653367,"balance":1350000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CMFA Special Finance Agency VII","title":"CMFA Special Finance Agency VII, Series 2021 A-1","isin":"US12574UAA25","value_usd":1300572,"pct_val":0.208281145523,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Sarasota County Health Facilities Authority","title":"Sarasota County Health Facilities Authority, Series 2016","isin":"US80329UAX72","value_usd":1295779.22,"pct_val":0.207513601928,"balance":1285000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mida Mountain Village Public Infrastructure District","title":"Mida Mountain Village Public Infrastructure District, Series 2021","isin":"US59561TAQ67","value_usd":1295572.53,"pct_val":0.207480501392,"balance":1625000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"North Carolina Medical Care Commission","title":"North Carolina Medical Care Commission, Series 2020 A","isin":"US65820YRS71","value_usd":1291515,"pct_val":0.206830704997,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hickory Chase Community Authority","title":"Hickory Chase Community Authority, Series 2019 A","isin":"US428861AD06","value_usd":1289333.39,"pct_val":0.206481329315,"balance":1335000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Utah Infrastructure Agency","title":"Utah Infrastructure Agency, Series 2019","isin":"US917467BM38","value_usd":1288492.05,"pct_val":0.206346592246,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Sunset Parks Metropolitan District","title":"Sunset Parks Metropolitan District, Series 2024 A","isin":"US86777VAA98","value_usd":1286445.23,"pct_val":0.206018802617,"balance":1410000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Beaumont Housing Authority","title":"Beaumont Housing Authority, Series 2025 A","isin":"US07451AAA43","value_usd":1278259.38,"pct_val":0.204707873106,"balance":1350000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Community Housing Agency","title":"California Community Housing Agency, Series 2021 A-1","isin":"US13013FAU84","value_usd":1274269,"pct_val":0.204068830502,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hampshire Business Finance Authority","title":"New Hampshire Business Finance Authority, Series 2020 A","isin":"US63607YAL48","value_usd":1266783.99,"pct_val":0.202870137576,"balance":1475000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Raindance Metropolitan District No. 1 Non-Potable Water System Revenue","title":"Raindance Metropolitan District No. 1, Series 2020","isin":"US75087GAB86","value_usd":1256854.09,"pct_val":0.20127990578,"balance":1375000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Nashville Metropolitan Development & Housing Agency","title":"Nashville Metropolitan Development & Housing Agency, Series 2018","isin":"US591874AB81","value_usd":1255503.75,"pct_val":0.201063654498,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lakewood Ranch Stewardship District","title":"Lakewood Ranch Stewardship District, Series 2018","isin":"US51265KBS69","value_usd":1251104,"pct_val":0.200359053008,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Baldwin County Industrial Development Authority","title":"Baldwin County Industrial Development Authority, Series 2025 A","isin":"US05786PAA12","value_usd":1248371.5,"pct_val":0.199921454605,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 A-1","isin":"US126292AE12","value_usd":1236308.53,"pct_val":0.197989620604,"balance":1405000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Liberty Development Corp.","title":"New York Liberty Development Corp., Series 2014, Class 2","isin":"US649519DC68","value_usd":1233506.5,"pct_val":0.197540887263,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Medina TX","title":"County of Medina, Series 2024","isin":"US584735AN40","value_usd":1232910.14,"pct_val":0.197445382713,"balance":1371000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Texas Community Housing & Economic Development Corp.","title":"Texas Community Housing & Economic Development Corp., Series 2025 A-1","isin":"US88231CAA71","value_usd":1223525.19,"pct_val":0.195942422372,"balance":1375000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GIR East Community Development District","title":"GIR East Community Development District, Series 2025","isin":"US37611TAC36","value_usd":1211178.26,"pct_val":0.193965113369,"balance":1325000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the County of Yavapai (The)","title":"Industrial Development Authority of the County of Yavapai (The), Series 2012","isin":"US98521VAD73","value_usd":1195122.73,"pct_val":0.191393887647,"balance":1195000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Village Metropolitan District (The)","title":"Village Metropolitan District (The), Series 2020","isin":"US92708CAC91","value_usd":1189346.5,"pct_val":0.190468848663,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2025 A-1","isin":"US74441XJJ90","value_usd":1183415.64,"pct_val":0.189519046334,"balance":1200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Development Authority of Cobb County (The)","title":"Development Authority of Cobb County (The), Series C","isin":"US190778JU53","value_usd":1175597.84,"pct_val":0.188267058486,"balance":1175000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Development Authority of Cobb County (The)","title":"Development Authority of Cobb County (The), Series C","isin":"US190778JV37","value_usd":1147940.24,"pct_val":0.183837809963,"balance":1205000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2025","isin":"US74448UAD00","value_usd":1145769.96,"pct_val":0.183490248732,"balance":1200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2024-1, Class A","isin":"US93978UAA43","value_usd":1144858.47,"pct_val":0.183344277436,"balance":1243693.0167,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Chester County Industrial Development Authority","title":"Chester County Industrial Development Authority, Series 2017 A","isin":"US165588DK79","value_usd":1134932.88,"pct_val":0.181754735868,"balance":1200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Municipal Finance Authority","title":"California Municipal Finance Authority, Series 2024","isin":"US130497AY62","value_usd":1134285.68,"pct_val":0.181651089506,"balance":1100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Projects Finance Authority/FL","title":"Capital Projects Finance Authority, Series 2024 A-1","isin":"US140427CR48","value_usd":1128595,"pct_val":0.180739750995,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hope Cultural Education Facilities Finance Corp.","title":"New Hope Cultural Education Facilities Finance Corp., Series 2021","isin":"US64542UFN90","value_usd":1118162.72,"pct_val":0.179069065152,"balance":1450000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Louisiana Public Facilities Authority","title":"Louisiana Public Facilities Authority, Series 2024","isin":"US546399SZ00","value_usd":1117555.56,"pct_val":0.178971831027,"balance":1100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the County of Pima (The)","title":"Industrial Development Authority of the County of Pima (The), Series 2022 A","isin":"US72178AAF93","value_usd":1110819.16,"pct_val":0.177893024849,"balance":1060000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CCP Metropolitan District No. 3","title":"CCP Metropolitan District No. 3, Series 2024","isin":"US12520DAA54","value_usd":1091954.41,"pct_val":0.174871914337,"balance":1175000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Indiana Finance Authority","title":"Indiana Finance Authority, Series 2023 A","isin":"US45471FAG63","value_usd":1089139.93,"pct_val":0.174421187181,"balance":1150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michigan Finance Authority","title":"Michigan Finance Authority, Series 2017","isin":"US594479DC80","value_usd":1070940.1,"pct_val":0.171506560816,"balance":1080000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CSCDA Community Improvement Authority","title":"CSCDA Community Improvement Authority, Series 2021 B","isin":"US126292AX92","value_usd":1068931.35,"pct_val":0.171184867937,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cleveland-Cuyahoga County Port Authority","title":"Cleveland-Cuyahoga County Port Authority, Series 2018","isin":"US18610PAU21","value_usd":1066651.6,"pct_val":0.170819775546,"balance":1065000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024","isin":"US744396KH46","value_usd":1064296.13,"pct_val":0.170442556915,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Utah Infrastructure Agency","title":"Utah Infrastructure Agency, Series 2022","isin":"US917467CG50","value_usd":1061000,"pct_val":0.169914695534,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Transportation Development Corp.","title":"New York Transportation Development Corp., Series 2021","isin":"US650116EZ57","value_usd":1057078.74,"pct_val":0.169286722208,"balance":1150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Point Phase 1 Public Infrastructure District No. 1","title":"Point Phase 1 Public Infrastructure District No. 1, Series 2025 A-1","isin":"US73058EAC12","value_usd":1054858.88,"pct_val":0.168931220948,"balance":1050000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Santa Fe NM","title":"City of Santa Fe, Series 2019 A","isin":"US802170AQ37","value_usd":1053527.4,"pct_val":0.168717990016,"balance":1200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the County of Pima (The)","title":"Industrial Development Authority of the County of Pima (The), Series 2022 A","isin":"US72178AAG76","value_usd":1045858.2,"pct_val":0.167489799834,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"James City County Economic Development Authority","title":"James City County Economic Development Authority, Series 2024 A","isin":"US47029WEG87","value_usd":1044397.1,"pct_val":0.167255810804,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Houston TX Airport System Revenue","title":"City of Houston Airport System, Series 2024 B","isin":"US442349HZ22","value_usd":1027657,"pct_val":0.16457495407,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Jersey Economic Development Authority","title":"New Jersey Economic Development Authority, Series 2017","isin":"US64577BM847","value_usd":1021348.1,"pct_val":0.163564610222,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Jersey Economic Development Authority","title":"New Jersey Economic Development Authority, Series 2017","isin":"US64577B4K76","value_usd":1015266.4,"pct_val":0.153966429744,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Detroit MI","title":"City of Detroit, Series 2021 A","isin":"US2510935B27","value_usd":1011835.44,"pct_val":0.16204119766,"balance":1120000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kalispel Tribe of Indians","title":"Kalispel Tribe of Indians, Series 2018 A","isin":"US48340PAR38","value_usd":1010762.58,"pct_val":0.161869383636,"balance":990000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michigan Finance Authority","title":"Michigan Finance Authority, Series 2017","isin":"US594479DB08","value_usd":1010153.5,"pct_val":0.153191052012,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2017 A","isin":"US19648FBW32","value_usd":1008489,"pct_val":0.161505279344,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Pennsylvania Economic Development Financing Authority","title":"Pennsylvania Economic Development Financing Authority, Series 2009 C","isin":"US708686ET36","value_usd":1007078.3,"pct_val":0.161279361662,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Louisiana Local Government Environmental Facilities & Community Development Authority","title":"Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024","isin":"US54628C3B61","value_usd":1002183.49,"pct_val":0.16049547839,"balance":1150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Brunswick MD","title":"City of Brunswick, Series 2019","isin":"US117250AE03","value_usd":1002110.56,"pct_val":0.160483798957,"balance":998000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Jersey Economic Development Authority","title":"New Jersey Economic Development Authority, Series 2000 B","isin":"US64578CBW01","value_usd":1001049.6,"pct_val":0.160313890667,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2024","isin":"US83704HAM97","value_usd":1000464.9,"pct_val":0.160220253417,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Finance Authority of Maine","title":"Finance Authority of Maine, Series 2015","isin":"US56042CAT27","value_usd":1000000,"pct_val":0.160145801634,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Pennsylvania Higher Educational Facilities Authority","title":"Pennsylvania Higher Educational Facilities Authority, Series 2016 A","isin":"US709181BZ39","value_usd":999127.5,"pct_val":0.160006074422,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MIDA Mountain Village Public Infrastructure District","title":"MIDA Mountain Village Public Infrastructure District, Series 2024-2","isin":"US59561UAD28","value_usd":997103.7,"pct_val":0.159681971349,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Harris County Cultural Education Facilities Finance Corp.","title":"Harris County Cultural Education Facilities Finance Corp., Series 2016","isin":"US414009LD06","value_usd":996509.4,"pct_val":0.159586796699,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Village Community Development District No. 15","title":"Village Community Development District No. 15, Series 2023","isin":"US92708KAC18","value_usd":995688.54,"pct_val":0.159455339416,"balance":990000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Maryland Economic Development Corp.","title":"Maryland Economic Development Corp., Series 2020","isin":"US57422FAF36","value_usd":992957.38,"pct_val":0.159017955608,"balance":1250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Village Metropolitan District (The)","title":"Village Metropolitan District (The), Series 2020","isin":"US92708CAB19","value_usd":989527.5,"pct_val":0.158468674726,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2021 A-1","isin":"US74439YDX67","value_usd":988572.06,"pct_val":0.158315665022,"balance":1400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2021 A","isin":"US83704MBV72","value_usd":985159.35,"pct_val":0.157769133843,"balance":1530000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Village Community Development District No. 13","title":"Village Community Development District No. 13, Series 2021","isin":"US92708HAQ74","value_usd":984052.36,"pct_val":0.157591854042,"balance":1450000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Jersey Economic Development Authority","title":"New Jersey Economic Development Authority, Series 2012 A","isin":"US64577QAF81","value_usd":983477.1,"pct_val":0.157499728568,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hobe-St Lucie Conservancy District","title":"Hobe-St. Lucie Conservancy District, Series 2024","isin":"US434043AC97","value_usd":977142,"pct_val":0.1564851889,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wisconsin Health & Educational Facilities Authority","title":"Wisconsin Health & Educational Facilities Authority, Series 2021","isin":"US97712JEE91","value_usd":959414.09,"pct_val":0.153646138542,"balance":1350000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wisconsin Health & Educational Facilities Authority","title":"Wisconsin Health & Educational Facilities Authority, Series 2022","isin":"US97712JCJ07","value_usd":953053.42,"pct_val":0.152627503946,"balance":970000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2020 A","isin":"US837031ZL04","value_usd":948290.53,"pct_val":0.151864747109,"balance":1100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lancaster Industrial Development Authority","title":"Lancaster Industrial Development Authority, Series 2019","isin":"US514349CX58","value_usd":939293.21,"pct_val":0.150423864085,"balance":1150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arlington Higher Education Finance Corp.","title":"Arlington Higher Education Finance Corp., Series 2024","isin":"US041807JV11","value_usd":934644.06,"pct_val":0.149679322231,"balance":1050000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Nashville Airport Authority (The)","title":"Metropolitan Nashville Airport Authority (The), Series 2022 B","isin":"US592190QT21","value_usd":933968.35,"pct_val":0.149571110111,"balance":875000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wilkes-Barre Finance Authority","title":"Wilkes-Barre Finance Authority, Series 2021","isin":"US968254CB63","value_usd":924026.16,"pct_val":0.147978910124,"balance":1165000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Las Vegas NV Special Improvement District No. 816","title":"City of Las Vegas, Series 2021","isin":"US51779AAQ22","value_usd":922937.92,"pct_val":0.147804633057,"balance":1410000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Nashville Airport Authority (The)","title":"Metropolitan Nashville Airport Authority (The), Series 2022 B","isin":"US592190QW59","value_usd":913806.95,"pct_val":0.146342346546,"balance":875000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2019 A","isin":"US74442EEG17","value_usd":912631.93,"pct_val":0.146154172027,"balance":1040000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Philadelphia Authority for Industrial Development","title":"Philadelphia Authority for Industrial Development, Series 2017","isin":"US71781XGT46","value_usd":909978.11,"pct_val":0.145729173895,"balance":1819956.2252,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Connecticut State Health & Educational Facilities Authority","title":"Connecticut State Health & Educational Facilities Authority, Series 2016 A","isin":"US20774YJ320","value_usd":902445.7,"pct_val":0.144522890058,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Monongalia WV","title":"County of Monongalia, Series 2023 A","isin":"US61022DAD93","value_usd":901520.05,"pct_val":0.144374651096,"balance":880000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2019","isin":"US74445GAR39","value_usd":901425,"pct_val":0.144359429238,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Illinois Finance Authority","title":"Illinois Finance Authority, Series 2024 B","isin":"US45204FYV11","value_usd":900865.2,"pct_val":0.144269779618,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Hutto TX","title":"City of Hutto, Series 2025","isin":"US448529AX53","value_usd":896321.89,"pct_val":0.143542187596,"balance":975000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Trust Agency, Inc.","title":"Capital Trust Agency, Inc., Series 2020 A","isin":"US14054CDF32","value_usd":891628.8,"pct_val":0.142790608936,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Massachusetts Water Resources Authority","title":"Massachusetts Water Resources Authority, Series 2008 A","isin":"US576051BY14","value_usd":890000,"pct_val":0.142529763454,"balance":890000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Clackamas County Hospital Facility Authority","title":"Clackamas County Hospital Facility Authority, Series 2020 A","isin":"US179027YN14","value_usd":889831.2,"pct_val":0.142502730843,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Berkeley SC","title":"County of Berkeley, Series 2019","isin":"US084220AB88","value_usd":883635.5,"pct_val":0.1415105155,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arlington Higher Education Finance Corp.","title":"Arlington Higher Education Finance Corp., Series 2024","isin":"US041807JW93","value_usd":879006.2,"pct_val":0.14076915254,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Palm Beach FL","title":"County of Palm Beach, Series 2021 A","isin":"US696547HN19","value_usd":866193.29,"pct_val":0.138717218797,"balance":1045000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024","isin":"US744396KG62","value_usd":865116.1,"pct_val":0.138544711341,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Crandall TX","title":"City of Crandall, Series 2025","isin":"US224384AS67","value_usd":861832.91,"pct_val":0.138018922246,"balance":920000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cumberland County Municipal Authority","title":"Cumberland County Municipal Authority, Series 2019","isin":"US230614PN31","value_usd":860227.2,"pct_val":0.137761774531,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Illinois Finance Authority","title":"Illinois Finance Authority, Series 2015","isin":"US45203H6A54","value_usd":850514.51,"pct_val":0.128981597884,"balance":850000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Bella Collina Community Development District","title":"Bella Collina Community Development District, Series 2024","isin":"US07819AAC71","value_usd":849136.84,"pct_val":0.135985699939,"balance":915000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Town of Providence Village TX","title":"Town of Providence Village, Series 2025","isin":"US743816AG50","value_usd":848905.51,"pct_val":0.13594865341,"balance":910000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Public Finance Authority","title":"California Public Finance Authority, Series 2021 A","isin":"US13057GAC33","value_usd":840724.4,"pct_val":0.134638482991,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2021 A","isin":"US83704MBT27","value_usd":838471.9,"pct_val":0.134277754573,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arkansas Development Finance Authority","title":"Arkansas Development Finance Authority, Series 2024","isin":"US04109FCM86","value_usd":836120.92,"pct_val":0.133901254996,"balance":825000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2021","isin":"US19648FSV75","value_usd":835724,"pct_val":0.133837689925,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wyandotte County-Kansas City Unified Government","title":"Wyandotte County-Kansas City Unified Government, Series 2018","isin":"US982707AA94","value_usd":826752.33,"pct_val":0.13240091464,"balance":875000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Ham Lake MN","title":"City of Ham Lake, Series 2016 A","isin":"US406511AC98","value_usd":822501.6,"pct_val":0.131720178077,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2020 A","isin":"US74439YDS72","value_usd":822358.9,"pct_val":0.131697325271,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Governors Park South Community Development District","title":"Governors Park South Community Development District, Series 2025","isin":"US383670AC05","value_usd":819954.89,"pct_val":0.131312333163,"balance":875000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Landings Community Development District","title":"Landings Community Development District, Series 2024","isin":"US51502AAC71","value_usd":809444.38,"pct_val":0.129629119113,"balance":850000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tolomato Community Development District","title":"Tolomato Community Development District, Series 2024","isin":"US889560FA19","value_usd":805830.43,"pct_val":0.129050360193,"balance":880000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"District of Columbia","title":"District of Columbia, Series 2019","isin":"US25483VWD27","value_usd":804520.2,"pct_val":0.12884053236,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd","title":"Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2019","isin":"US592029AD40","value_usd":801319.52,"pct_val":0.128327956895,"balance":800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Las Vegas NV Special Improvement District Nos 808 & 810","title":"City of Las Vegas, Series 2014","isin":"US51778DBJ28","value_usd":795282.23,"pct_val":0.127361110248,"balance":795000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Mustang Ridge TX","title":"City of Mustang Ridge, Series 2025","isin":"US62822EAF25","value_usd":790521.74,"pct_val":0.126598737761,"balance":789000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kingston One Community Development District","title":"Kingston One Community Development District, Series 2025","isin":"US496631AD44","value_usd":783968.48,"pct_val":0.125549260685,"balance":800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JQG30","value_usd":783576.67,"pct_val":0.125486513959,"balance":2518000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2025","isin":"US74448UAC27","value_usd":783332.48,"pct_val":0.125447407955,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lower Magnolia Green Community Development Authority","title":"Lower Magnolia Green Community Development Authority, Series 2015","isin":"US548207AB55","value_usd":777740.4,"pct_val":0.124551859821,"balance":785000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Sky Dance Metropolitan District No. 2","title":"Sky Dance Metropolitan District No. 2, Series 2024 A","isin":"US83086VAA26","value_usd":776451.26,"pct_val":0.124345409462,"balance":790000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Washington OH","title":"County of Washington, Series 2022","isin":"US938154DX60","value_usd":771771.45,"pct_val":0.123595957538,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Texas Transportation Commission State Highway 249 System","title":"Texas Transportation Commission State Highway 249 System, Series 2019 A","isin":"US88283NAJ19","value_usd":765399.3,"pct_val":0.122575484468,"balance":1500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Health & Educational Facilities Authority of the State of Missouri","title":"Health & Educational Facilities Authority of the State of Missouri, Series 2023 A","isin":"US60636AWA77","value_usd":758347.2,"pct_val":0.121446120261,"balance":930000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Sarasota County Health Facilities Authority","title":"Sarasota County Health Facilities Authority, Series 2016","isin":"US80329UAW99","value_usd":757657.65,"pct_val":0.121335691723,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lakewood Ranch Stewardship District","title":"Lakewood Ranch Stewardship District, Series 2016","isin":"US51265KAV08","value_usd":733193.53,"pct_val":0.117417865615,"balance":730000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2024","isin":"US83704HAL15","value_usd":731850.08,"pct_val":0.117202717737,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Windler Public Improvement Authority","title":"Windler Public Improvement Authority, Series 2021 A-1","isin":"US973405AD53","value_usd":731236,"pct_val":0.117104375403,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wisconsin Health & Educational Facilities Authority","title":"Wisconsin Health & Educational Facilities Authority, Series 2022","isin":"US97712JCK79","value_usd":731014.33,"pct_val":0.117068875884,"balance":790000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michigan Finance Authority","title":"Michigan Finance Authority, Series 2021","isin":"US594479GQ40","value_usd":724791.3,"pct_val":0.116072283756,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Public Finance Authority","title":"California Public Finance Authority, Series 2021 A","isin":"US13057GAA76","value_usd":724107.38,"pct_val":0.115962756839,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Warm Springs Reservation Confederated Tribe","title":"Warm Springs Reservation Confederated Tribe, Series 2019 B","isin":"US934312AQ29","value_usd":721739.97,"pct_val":0.115583626067,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Gunter TX","title":"City of Gunter, Series 2025","isin":"US40314PAB76","value_usd":721543.67,"pct_val":0.115552189446,"balance":771000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hope Cultural Education Facilities Finance Corp.","title":"New Hope Cultural Education Facilities Finance Corp., Series 2018 A-1","isin":"US64542YAG17","value_usd":717690.05,"pct_val":0.108838601042,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lakewood Ranch Stewardship District","title":"Lakewood Ranch Stewardship District, Series 2024","isin":"US51265KFZ66","value_usd":715448.34,"pct_val":0.114576047937,"balance":760000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Village Community Development District No. 15","title":"Village Community Development District No. 15, Series 2024","isin":"US92708KAK34","value_usd":714036.32,"pct_val":0.114349918862,"balance":800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Hamilton OH","title":"County of Hamilton, Series 2017 A","isin":"US40727RCA41","value_usd":704364.96,"pct_val":0.112801091162,"balance":785000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wisconsin Health & Educational Facilities Authority","title":"Wisconsin Health & Educational Facilities Authority, Series 2024","isin":"US97712JJX28","value_usd":699089.51,"pct_val":0.111956249993,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Delaware State Economic Development Authority","title":"Delaware State Economic Development Authority, Series 2016 A","isin":"US246387RV89","value_usd":698569.27,"pct_val":0.111872935741,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2016 C","isin":"US74443QAD43","value_usd":698046.37,"pct_val":0.111789195501,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Westminster MD","title":"City of Westminster, Series 2014 A","isin":"US960735AQ15","value_usd":695259.79,"pct_val":0.111342936413,"balance":695000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DeKalb County Development Authority","title":"DeKalb County Development Authority, Series 2024 A","isin":"US240463KE87","value_usd":694283.52,"pct_val":0.111186590871,"balance":800000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Canyons Metropolitan District No. 5","title":"Canyons Metropolitan District No. 5, Series 2024 B","isin":"US139071AZ74","value_usd":691892.46,"pct_val":0.110803672651,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the City of Phoenix Arizona (The)","title":"Industrial Development Authority of the City of Phoenix Arizona (The), Series 2016 A","isin":"US71885FEB94","value_usd":691485.45,"pct_val":0.110738491708,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Illinois Finance Authority","title":"Illinois Finance Authority, Series 2024 B","isin":"US45204FYU38","value_usd":691344.15,"pct_val":0.110715863107,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Louisiana Local Government Environmental Facilities & Community Development Authority","title":"Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024","isin":"US54628C2Z49","value_usd":690723.01,"pct_val":0.110616390143,"balance":765000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Trails at Crowfoot Metropolitan District No. 3","title":"Trails at Crowfoot Metropolitan District No. 3, Series 2024 B","isin":"US89286RAV06","value_usd":690498.76,"pct_val":0.110580477447,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Plaza at Noah's Ark Community Improvement District","title":"Plaza at Noah's Ark Community Improvement District, Series 2021","isin":"US72813LAM19","value_usd":687522.72,"pct_val":0.110103877136,"balance":725000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lowery Hills Community Development District","title":"Lowery Hills Community Development District, Series 2025","isin":"US548652AB22","value_usd":686306.68,"pct_val":0.109909133435,"balance":725000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Peace Creek Village Community Development District","title":"Peace Creek Village Community Development District, Series 2025","isin":"US70459CAE21","value_usd":673204.75,"pct_val":0.107810914352,"balance":710000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Tampa FL","title":"City of Tampa, Series 2020 A","isin":"US875146BB71","value_usd":667808,"pct_val":0.106946647497,"balance":2000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Royse City TX","title":"City of Royse City, Series 2025","isin":"US780870BZ36","value_usd":664323.08,"pct_val":0.10638855219,"balance":673000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Minnesota Higher Education Facilities Authority","title":"Minnesota Higher Education Facilities Authority, Series 2016 A","isin":"US60416H2R40","value_usd":662731.6,"pct_val":0.10613368335,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024 A","isin":"US74442ELT54","value_usd":662685.8,"pct_val":0.106126348672,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Illinois Finance Authority","title":"Illinois Finance Authority, Series 2017 A","isin":"US45204EVA36","value_usd":659876.69,"pct_val":0.105676481499,"balance":650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"SkyRidge Pegasus Infrastructure Financing District","title":"SkyRidge Pegasus Infrastructure Financing District, Series 2024","isin":"US83089AAA51","value_usd":655719.68,"pct_val":0.105010753801,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Eagan MN","title":"City of Eagan, Series 2025 A","isin":"US26940AAC99","value_usd":653881.2,"pct_val":0.104716328947,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arlington Higher Education Finance Corp.","title":"Arlington Higher Education Finance Corp., Series 2021 A","isin":"US041806L732","value_usd":653728.46,"pct_val":0.104691868277,"balance":850000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"GIR East Community Development District","title":"GIR East Community Development District, Series 2025","isin":"US37611TAB52","value_usd":652684.9,"pct_val":0.104524746525,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Farms New Kent Community Development Authority","title":"Farms New Kent Community Development Authority, Series 2021 A","isin":"US311551AD74","value_usd":641747.25,"pct_val":0.102773127797,"balance":685000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Bella Collina Community Development District","title":"Bella Collina Community Development District, Series 2024","isin":"US07819AAB98","value_usd":637683.8,"pct_val":0.10212238334,"balance":680000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ohio Higher Educational Facility Commission","title":"Ohio Higher Educational Facility Commission, Series 2018","isin":"US67756DRV00","value_usd":632159.93,"pct_val":0.101237758751,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2025 B","isin":"US93978LJR87","value_usd":631787.13,"pct_val":0.101178056396,"balance":625000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Las Vegas NV Special Improvement District No. 812","title":"City of Las Vegas, Series 2015","isin":"US517784AS37","value_usd":621499.59,"pct_val":0.099530550056,"balance":620000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Seminole County Industrial Development Authority","title":"Seminole County Industrial Development Authority, Series 2021 A","isin":"US816686AL39","value_usd":618979.39,"pct_val":0.099126950606,"balance":830000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd","title":"Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2019","isin":"US592029AB83","value_usd":617286.36,"pct_val":0.09885581896,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Sterling Ranch Community Authority Board","title":"Sterling Ranch Community Authority Board, Series 2024","isin":"US85950TAA51","value_usd":617024.54,"pct_val":0.098813889586,"balance":626000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Municipal Finance Authority","title":"California Municipal Finance Authority, Series 2024","isin":"US130497AX89","value_usd":616065.06,"pct_val":0.098660232892,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2024 A","isin":"US74442ELU28","value_usd":615889.45,"pct_val":0.098632109688,"balance":690000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2025","isin":"US19648FZP25","value_usd":612631.05,"pct_val":0.098110290608,"balance":650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"MIDA Cormont Public Infrastructure District","title":"MIDA Cormont Public Infrastructure District, Series 2025 A-2","isin":"US59561JAB17","value_usd":610637.4,"pct_val":0.09779101593,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"St Johns County Industrial Development Authority","title":"St. Johns County Industrial Development Authority, Series 2021 A","isin":"US79041LAN82","value_usd":603686.63,"pct_val":0.096677879297,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Denton TX","title":"County of Denton, Series 2025","isin":"US24880GAS84","value_usd":600948.18,"pct_val":0.096239328026,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Municipal Finance Authority","title":"California Municipal Finance Authority, Series 2025-1, Class B","isin":"US13050WAC55","value_usd":595421.3,"pct_val":0.095354221398,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Forest Lake MN","title":"City of Forest Lake, Series 2019 A","isin":"US345856AU24","value_usd":590537.08,"pct_val":0.094572034071,"balance":615000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Celina TX","title":"City of Celina, Series 2025","isin":"US15114CKV53","value_usd":590314.79,"pct_val":0.094536435261,"balance":630000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Du Page County Special Service Area No. 31","title":"Du Page County Special Service Area No. 31, Series 2006","isin":"US26350TAB35","value_usd":586583.74,"pct_val":0.093938923268,"balance":596000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Palermo Community Development District","title":"Palermo Community Development District, Series 2025","isin":"US696280AF33","value_usd":586025.34,"pct_val":0.093849497852,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Raindance Metropolitan District No. 1 Non-Potable Water System Revenue","title":"Raindance Metropolitan District No. 1, Series 2020","isin":"US75087GAA04","value_usd":585845.89,"pct_val":0.093820759688,"balance":624000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Uptown Development Authority","title":"Uptown Development Authority, Series 2021","isin":"US916856HR12","value_usd":584302.43,"pct_val":0.093573581049,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"District of Columbia","title":"District of Columbia, Series 2021 A","isin":"US25483VYC26","value_usd":581948.5,"pct_val":0.093196609042,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Venice FL","title":"City of Venice, Series 2024 A","isin":"US922687AE82","value_usd":579633,"pct_val":0.092825791438,"balance":625000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of North Las Vegas NV","title":"City of North Las Vegas, Series 2019","isin":"US66041HGX61","value_usd":576788.76,"pct_val":0.092370298343,"balance":615000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Sierra Vista Industrial Development Authority","title":"Sierra Vista Industrial Development Authority, Series 2024","isin":"US82652UAY82","value_usd":575917.09,"pct_val":0.092230704053,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Massachusetts Development Finance Agency","title":"Massachusetts Development Finance Agency, Series 2021","isin":"US57584YN214","value_usd":575376.45,"pct_val":0.092144122826,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Governors Park South Community Development District","title":"Governors Park South Community Development District, Series 2025","isin":"US383670AB22","value_usd":569080.08,"pct_val":0.091135785605,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-2","isin":"US74529JRH04","value_usd":558474.54,"pct_val":0.0894373529,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ranches at Lake Mcleod Community Development District","title":"Ranches at Lake Mcleod Community Development District, Series 2025","isin":"US752041AG82","value_usd":555813.57,"pct_val":0.089011209726,"balance":590000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arlington Higher Education Finance Corp.","title":"Arlington Higher Education Finance Corp., Series 2024","isin":"US041807JU38","value_usd":548191.38,"pct_val":0.087790547999,"balance":615000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"South Carolina Jobs-Economic Development Authority","title":"South Carolina Jobs-Economic Development Authority, Series 2020 A","isin":"US837031ZK21","value_usd":546825.65,"pct_val":0.087571832073,"balance":585000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hope Cultural Education Facilities Finance Corp.","title":"New Hope Cultural Education Facilities Finance Corp., Series 2016 A","isin":"US64542UCZ57","value_usd":542543.12,"pct_val":0.086886002873,"balance":700000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Uptown Development Authority","title":"Uptown Development Authority, Series 2021","isin":"US916856HP55","value_usd":541360.63,"pct_val":0.086696632064,"balance":650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"West Port East Community Development District","title":"West Port East Community Development District, Series 2025","isin":"US95549KAC71","value_usd":539426.53,"pct_val":0.086386894069,"balance":550000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2016","isin":"US939783TQ92","value_usd":535226.1,"pct_val":0.08571421284,"balance":575000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michigan Finance Authority","title":"Michigan Finance Authority, Series 2017","isin":"US594479DD63","value_usd":532829.1,"pct_val":0.085330343353,"balance":600000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Uptown Development Authority","title":"Uptown Development Authority, Series 2021","isin":"US916856HQ39","value_usd":526028.49,"pct_val":0.084241254213,"balance":650000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"St Johns County Industrial Development Authority","title":"St. Johns County Industrial Development Authority, Series 2021 A","isin":"US79041LAQ14","value_usd":525720.45,"pct_val":0.0841919229,"balance":750000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"River Landing Community Development District","title":"River Landing Community Development District, Series 2025","isin":"US76828JAM09","value_usd":521064.54,"pct_val":0.083446298461,"balance":560000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the County of Pima (The)","title":"Industrial Development Authority of the County of Pima (The), Series 2022 A","isin":"US72178AAH59","value_usd":514416.6,"pct_val":0.082381658781,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lakewood Ranch Stewardship District","title":"Lakewood Ranch Stewardship District, Series 2024","isin":"US51265KFT07","value_usd":508003.99,"pct_val":0.081354706212,"balance":530000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Utah Infrastructure Agency","title":"Utah Infrastructure Agency, Series 2024","isin":"US917467DC38","value_usd":504902.85,"pct_val":0.08085807166,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"STC Metropolitan District No. 2","title":"STC Metropolitan District No. 2, Series 2025 A-2","isin":"US85780TBD46","value_usd":504148.85,"pct_val":0.080737321726,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Infrastructure & Economic Development Bank","title":"California Infrastructure & Economic Development Bank, Series 2021 B","isin":"US13034AR289","value_usd":501958.1,"pct_val":0.080386482311,"balance":7250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Gardens at Hammock Beach Community Development District","title":"Gardens at Hammock Beach Community Development District, Series 2024-1","isin":"US36549DAC74","value_usd":500662.16,"pct_val":0.080178942961,"balance":525000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cherry Hill Community Development Authority","title":"Cherry Hill Community Development Authority, Series 2015","isin":"US164631AB99","value_usd":500487.45,"pct_val":0.080150963888,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cleveland-Cuyahoga County Port Authority","title":"Cleveland-Cuyahoga County Port Authority, Series 2018","isin":"US18610PAV04","value_usd":498141.6,"pct_val":0.079775285859,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Industrial Development Authority of the County of Yavapai (The)","title":"Industrial Development Authority of the County of Yavapai (The), Series 2015 A","isin":"US98521VAG05","value_usd":497697.95,"pct_val":0.079704237174,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2019","isin":"US19648FLZ52","value_usd":492903.68,"pct_val":0.078936454962,"balance":550000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southlands Metropolitan District No. 1","title":"Southlands Metropolitan District No. 1, Series 2017 A-1","isin":"US84454RAW51","value_usd":489250.95,"pct_val":0.078351485588,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Palm Beach FL","title":"County of Palm Beach, Series 2019 A","isin":"US696547GJ16","value_usd":485972.55,"pct_val":0.077826463592,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Monroe County Industrial Development Corp.","title":"Monroe County Industrial Development Corp., Series 2020 A","isin":"US61075YAD94","value_usd":482555.23,"pct_val":0.077279194141,"balance":540000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Flint Hospital Building Authority","title":"Flint Hospital Building Authority, Series 2013 A","isin":"US339510BT50","value_usd":482437.15,"pct_val":0.073162202119,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Frederick MD","title":"County of Frederick, Series 2017 A","isin":"US355697CF80","value_usd":476891.75,"pct_val":0.076372211596,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Washington Airports Authority Dulles Toll Road Revenue","title":"Metropolitan Washington Airports Authority, Series 2009 B","isin":"US592643BL37","value_usd":470993.5,"pct_val":0.075427631622,"balance":995000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lakewood Ranch Stewardship District","title":"Lakewood Ranch Stewardship District, Series 2024","isin":"US51265KFS24","value_usd":470007.73,"pct_val":0.075269764695,"balance":485000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"E-470 Public Highway Authority","title":"E-470 Public Highway Authority, Series 2010 A","isin":"US26822LLT97","value_usd":466344.1,"pct_val":0.074683049731,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Woodland Preserve Community Development District","title":"Woodland Preserve Community Development District, Series 2025","isin":"US97966AAC99","value_usd":465420.05,"pct_val":0.074535067003,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Sparks NV Special Improvement District No. 1","title":"City of Sparks, Series 2024","isin":"US846561AN83","value_usd":462808.25,"pct_val":0.074116798199,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Utah Infrastructure Agency","title":"Utah Infrastructure Agency, Series 2024","isin":"US917467DB54","value_usd":460724.81,"pct_val":0.07378314403,"balance":450000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Washington State Housing Finance Commission","title":"Washington State Housing Finance Commission, Series 2021 A","isin":"US93978LGG59","value_usd":459979.15,"pct_val":0.069756418101,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lee County Industrial Development Authority/FL","title":"Lee County Industrial Development Authority, Series 2024 C","isin":"US52349EEV83","value_usd":454651.65,"pct_val":0.072810552953,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Woodcreek Community Development District","title":"Woodcreek Community Development District, Series 2025","isin":"US97925TAG94","value_usd":454519.15,"pct_val":0.072789333634,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Tomball TX","title":"City of Tomball, Series 2025","isin":"US889858AV85","value_usd":454223.48,"pct_val":0.072741983325,"balance":450000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Projects Finance Authority/FL","title":"Capital Projects Finance Authority, Series 2024 A-1","isin":"US140427CQ64","value_usd":453966.35,"pct_val":0.072700805035,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Fox Branch Ranch Community Development District","title":"Fox Branch Ranch Community Development District, Series 2025","isin":"US351322AD45","value_usd":453174.49,"pct_val":0.072573991981,"balance":490000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Monongalia WV","title":"County of Monongalia, Series 2023 A","isin":"US61022DAC11","value_usd":450622.7,"pct_val":0.072165333526,"balance":440000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Uptown Development Authority","title":"Uptown Development Authority, Series 2021","isin":"US916856HT77","value_usd":445566.83,"pct_val":0.071355657172,"balance":605000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hope Cultural Education Facilities Finance Corp.","title":"New Hope Cultural Education Facilities Finance Corp., Series 2016 A","isin":"US64542UCY82","value_usd":439328.25,"pct_val":0.070356574776,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Tampa FL","title":"City of Tampa, Series 2020 A","isin":"US875146AZ58","value_usd":438661.1,"pct_val":0.070249733505,"balance":1000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Public Finance Authority","title":"California Public Finance Authority, Series 2021 A","isin":"US13057GAB59","value_usd":433430.7,"pct_val":0.069412106904,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Trust Agency, Inc.","title":"Capital Trust Agency, Inc., Series 2020 B","isin":"US14052WDH79","value_usd":433345.2,"pct_val":0.069398414438,"balance":6000000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Plaza at Noah's Ark Community Improvement District","title":"Plaza at Noah's Ark Community Improvement District, Series 2021","isin":"US72813LAN91","value_usd":431505.55,"pct_val":0.069103802214,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Utah Infrastructure Agency","title":"Utah Infrastructure Agency, Series 2024","isin":"US917467DA71","value_usd":420824.24,"pct_val":0.067393235261,"balance":405000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Uptown Development Authority","title":"Uptown Development Authority, Series 2021","isin":"US916856HS94","value_usd":416240.44,"pct_val":0.066659158936,"balance":550000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd","title":"Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Series 2019","isin":"US592029AC66","value_usd":409892.84,"pct_val":0.065642617446,"balance":400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Tampa FL","title":"City of Tampa, Series 2020 A","isin":"US875146AY83","value_usd":399873.32,"pct_val":0.064038033383,"balance":850000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lakewood Ranch Stewardship District","title":"Lakewood Ranch Stewardship District, Series 2020","isin":"US51265KEN46","value_usd":391959.45,"pct_val":0.062770660328,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2019 A","isin":"US74442EEH99","value_usd":390643.34,"pct_val":0.062559890837,"balance":455000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2019 A","isin":"US74442EEF34","value_usd":386928.85,"pct_val":0.061965030858,"balance":410000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Warm Springs Reservation Confederated Tribe","title":"Warm Springs Reservation Confederated Tribe, Series 2019 B","isin":"US934312AL32","value_usd":383200.99,"pct_val":0.06136802973,"balance":360000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Utah Infrastructure Agency","title":"Utah Infrastructure Agency, Series 2024","isin":"US917467CZ32","value_usd":379020.65,"pct_val":0.06069856583,"balance":355000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kentucky Economic Development Finance Authority","title":"Kentucky Economic Development Finance Authority, Series 2017 A","isin":"US49126KKE00","value_usd":374185.73,"pct_val":0.059924273691,"balance":375000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Verano No. 4 Community Development District","title":"Verano No. 4 Community Development District, Series 2025","isin":"US92337SAF65","value_usd":372353.81,"pct_val":0.059630899394,"balance":375000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Build NYC Resource Corp.","title":"Build NYC Resource Corp., Series 2021 A","isin":"US12008ERS71","value_usd":370755.65,"pct_val":0.059374960779,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Manor TX","title":"City of Manor, Series 2025","isin":"US564099AV18","value_usd":362897.52,"pct_val":0.058116514251,"balance":364000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Township of Baytown MN","title":"Township of Baytown, Series 2016 A","isin":"US073225AW40","value_usd":359586.2,"pct_val":0.057586220255,"balance":400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Trust Authority","title":"Capital Trust Authority, Series 2025 A","isin":"US14054WBW47","value_usd":359553.13,"pct_val":0.057580924234,"balance":390000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DeKalb County Development Authority","title":"DeKalb County Development Authority, Series 2024 A","isin":"US240463KD05","value_usd":357232.08,"pct_val":0.057209217821,"balance":400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Detroit MI","title":"City of Detroit, Series 2018","isin":"US2510933R96","value_usd":354796.89,"pct_val":0.056819232366,"balance":350000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California School Finance Authority","title":"California School Finance Authority, Series 2021 A","isin":"US13058TPF11","value_usd":353706.4,"pct_val":0.056644594971,"balance":500000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"St Johns County Industrial Development Authority","title":"St. Johns County Industrial Development Authority, Series 2021 A","isin":"US79041LAM00","value_usd":352422.84,"pct_val":0.056439038226,"balance":400000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797MS31","value_usd":347441.76,"pct_val":0.055641339176,"balance":350000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kingston One Community Development District","title":"Kingston One Community Development District, Series 2025","isin":"US496631AC60","value_usd":344193.15,"pct_val":0.055121087923,"balance":350000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Celina TX","title":"City of Celina, Series 2025","isin":"US15114CKU70","value_usd":338772.97,"pct_val":0.054253068852,"balance":358000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cedar Crossings Community Development District","title":"Cedar Crossings Community Development District, Series 2025","isin":"US15018WAC10","value_usd":338215.82,"pct_val":0.054163843619,"balance":370000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tolomato Community Development District","title":"Tolomato Community Development District, Series 2024","isin":"US889560FB91","value_usd":324813.06,"pct_val":0.052017447875,"balance":360000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Solaeris Community Development District","title":"Solaeris Community Development District, Series 2025","isin":"US83409XAF78","value_usd":315959.97,"pct_val":0.05059966268,"balance":320000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Louisiana Public Facilities Authority","title":"Louisiana Public Facilities Authority, Series 2025","isin":"US546399UY07","value_usd":311239.05,"pct_val":0.049843627162,"balance":325000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL Lakeshore East Special Assessment Area","title":"City of Chicago, Series 2022","isin":"US167686AM69","value_usd":310620.31,"pct_val":0.049744538548,"balance":325000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"East Waller County Management District","title":"East Waller County Management District, Series 2025","isin":"US275737AC87","value_usd":301165.57,"pct_val":0.048230401632,"balance":305000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Denton TX","title":"County of Denton, Series 2025","isin":"US24880GAN97","value_usd":300958.68,"pct_val":0.048197269067,"balance":300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Denton TX","title":"County of Denton, Series 2025","isin":"US24880GAR02","value_usd":300306.24,"pct_val":0.04809278354,"balance":300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797LB15","value_usd":299508.83,"pct_val":0.04542089173,"balance":300000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Arlington Higher Education Finance Corp.","title":"Arlington Higher Education Finance Corp., Series 2021 A","isin":"US041806L575","value_usd":298825.09,"pct_val":0.047855583586,"balance":335000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"County of Prince George's MD","title":"County of Prince George's, Series 2018","isin":"US74172RBP10","value_usd":297978.63,"pct_val":0.047720026571,"balance":300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New York Liberty Development Corp.","title":"New York Liberty Development Corp., Series 2022 A, Class 1","isin":"US649519EZ45","value_usd":297673.36,"pct_val":0.047671138862,"balance":425000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797QP55","value_usd":296600,"pct_val":0.047499244764,"balance":300000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Gardens at Hammock Beach Community Development District","title":"Gardens at Hammock Beach Community Development District, Series 2024-1","isin":"US36549DAB91","value_usd":294088.47,"pct_val":0.047097033779,"balance":305000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital Trust Agency, Inc.","title":"Capital Trust Agency, Inc., Series 2020 A","isin":"US14054CDE66","value_usd":291295.77,"pct_val":0.046649794599,"balance":300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL Lakeshore East Special Assessment Area","title":"City of Chicago, Series 2022","isin":"US167686AL86","value_usd":288750.57,"pct_val":0.046242191505,"balance":300000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Northridge Community Development District","title":"Northridge Community Development District, Series 2025","isin":"US66668PAB40","value_usd":268557.3,"pct_val":0.043008324093,"balance":275000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Northridge Community Development District","title":"Northridge Community Development District, Series 2025","isin":"US66668PAC23","value_usd":267517.69,"pct_val":0.042841834916,"balance":275000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"K-Bar Ranch III Community Development District","title":"K-Bar Ranch III Community Development District, Series 2025","isin":"US48243VAC19","value_usd":261234.64,"pct_val":0.041835630837,"balance":260000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Gas Worx Community Development District","title":"Gas Worx Community Development District, Series 2025","isin":"US367200AD48","value_usd":257529.28,"pct_val":0.041242232989,"balance":265000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL Lakeshore East Special Assessment Area","title":"City of Chicago, Series 2022","isin":"US167686AP90","value_usd":257234.89,"pct_val":0.041195087667,"balance":275000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"East Waller County Management District","title":"East Waller County Management District, Series 2025","isin":"US275737AB05","value_usd":256860.19,"pct_val":0.041135081035,"balance":260000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Pilot Point TX","title":"City of Pilot Point, Series 2025","isin":"US721614BC87","value_usd":251487.18,"pct_val":0.040274616041,"balance":250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Terra Lago Community Development District","title":"Terra Lago Community Development District, Series 2025","isin":"US88104DAB73","value_usd":240822.78,"pct_val":0.038566757154,"balance":250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Aubrey TX","title":"City of Aubrey, Series 2025","isin":"US050197BX99","value_usd":239522.76,"pct_val":0.038358564409,"balance":260000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colorado Health Facilities Authority","title":"Colorado Health Facilities Authority, Series 2017 A","isin":"US19648FBX15","value_usd":238775.15,"pct_val":0.038238837807,"balance":250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"K-Bar Ranch III Community Development District","title":"K-Bar Ranch III Community Development District, Series 2025","isin":"US48243VAB36","value_usd":236280.37,"pct_val":0.037839309264,"balance":235000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Woodland Crossing Community Development District","title":"Woodland Crossing Community Development District, Series 2025","isin":"US979583AD39","value_usd":235464.05,"pct_val":0.037708579043,"balance":240000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Stamford Housing Authority","title":"Stamford Housing Authority, Series 2025 A","isin":"US852640AK71","value_usd":231508.39,"pct_val":0.037075096701,"balance":235000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Chicago IL Lakeshore East Special Assessment Area","title":"City of Chicago, Series 2022","isin":"US167686AJ31","value_usd":221883.81,"pct_val":0.035533760622,"balance":228000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kings Creek I Community Development District","title":"Kings Creek I Community Development District, Series 2025","isin":"US495879AD05","value_usd":218580.91,"pct_val":0.035004815053,"balance":225000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-2","isin":"US74529JRL16","value_usd":211889.02,"pct_val":0.033933136965,"balance":240000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"District of Columbia","title":"District of Columbia, Series 2019","isin":"US25483VWC44","value_usd":211187.5,"pct_val":0.033820791482,"balance":250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Southeastern Ohio Port Authority","title":"Southeastern Ohio Port Authority, Series 2015","isin":"US841895AW56","value_usd":203600.45,"pct_val":0.032605757278,"balance":235000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Illinois Finance Authority","title":"Illinois Finance Authority, Series 2017 C","isin":"US45204EYZ59","value_usd":201905.72,"pct_val":0.032334353383,"balance":200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hammock Oaks Community Development District","title":"Hammock Oaks Community Development District, Series 2025","isin":"US40834PAJ12","value_usd":190407.4,"pct_val":0.03049294571,"balance":200000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Lakewood Ranch Stewardship District","title":"Lakewood Ranch Stewardship District, Series 2024","isin":"US51265KFR41","value_usd":187732.82,"pct_val":0.030064622951,"balance":185000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Pilot Point TX","title":"City of Pilot Point, Series 2025","isin":"US721614BG91","value_usd":186058.37,"pct_val":0.029796466814,"balance":185000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"New Hope Cultural Education Facilities Finance Corp.","title":"New Hope Cultural Education Facilities Finance Corp., Series 2016 A","isin":"US64542UDA97","value_usd":186008.13,"pct_val":0.029788421089,"balance":250000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Stamford Housing Authority","title":"Stamford Housing Authority, Series 2025 A","isin":"US852640AJ09","value_usd":184320.62,"pct_val":0.029518173447,"balance":185000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Pilot Point TX","title":"City of Pilot Point, Series 2025","isin":"US721614BE44","value_usd":180900.58,"pct_val":0.0289704684,"balance":180000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Pilot Point TX","title":"City of Pilot Point, Series 2025","isin":"US721614BB05","value_usd":176306.18,"pct_val":0.028234694529,"balance":175000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Solaeris Community Development District","title":"Solaeris Community Development District, Series 2025","isin":"US83409XAE04","value_usd":172545.61,"pct_val":0.027632455031,"balance":175000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Stamford Housing Authority","title":"Stamford Housing Authority, Series 2025 A","isin":"US852640AL54","value_usd":160485.47,"pct_val":0.025701074243,"balance":170000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Wharton TX","title":"City of Wharton, Series 2025","isin":"US962423AC30","value_usd":148678.29,"pct_val":0.023810203937,"balance":150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cypress Creek Reserve Community Development District","title":"Cypress Creek Reserve Community Development District, Series 2025","isin":"US23274FAD96","value_usd":148458.03,"pct_val":0.023774930223,"balance":150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hammock Oaks Community Development District","title":"Hammock Oaks Community Development District, Series 2025","isin":"US40834PAH55","value_usd":144545.72,"pct_val":0.023148390202,"balance":150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Aubrey TX","title":"City of Aubrey, Series 2025","isin":"US050197BW17","value_usd":139357.32,"pct_val":0.022317489725,"balance":150000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"California Housing Finance Agency","title":"California Housing Finance Agency, Series 2021-1, Class A","isin":"US13033DAE58","value_usd":121933.35,"pct_val":0.019527114081,"balance":130601.5871,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Tulsa Municipal Airport Trust Trustees/OK","title":"Tulsa Municipal Airport Trust Trustees, Series 2025","isin":"US899661EM05","value_usd":121543.5,"pct_val":0.01946468124,"balance":110000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JPU33","value_usd":115994.17,"pct_val":0.018575979339,"balance":116000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JQF56","value_usd":115267.5,"pct_val":0.018459606189,"balance":159000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"East Waller County Management District","title":"East Waller County Management District, Series 2025","isin":"US275737AA22","value_usd":114833.56,"pct_val":0.01839011252,"balance":115000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Pilot Point TX","title":"City of Pilot Point, Series 2025","isin":"US721614AY17","value_usd":113588.24,"pct_val":0.018190679751,"balance":113000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Woodland Crossing Community Development District","title":"Woodland Crossing Community Development District, Series 2025","isin":"US979583AC55","value_usd":113045.26,"pct_val":0.018103723783,"balance":115000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JQE81","value_usd":112494.34,"pct_val":0.018015496258,"balance":141000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Public Finance Authority","title":"Public Finance Authority, Series 2020","isin":"US74442PZR99","value_usd":103858.43,"pct_val":0.016632491528,"balance":95000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Pilot Point TX","title":"City of Pilot Point, Series 2025","isin":"US721614AW50","value_usd":101407.68,"pct_val":0.016240014205,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"City of Pilot Point TX","title":"City of Pilot Point, Series 2025","isin":"US721614AX34","value_usd":100746.39,"pct_val":0.016134111388,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Gas Worx Community Development District","title":"Gas Worx Community Development District, Series 2025","isin":"US367200AB81","value_usd":100462.05,"pct_val":0.016088575531,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cypress Creek Reserve Community Development District","title":"Cypress Creek Reserve Community Development District, Series 2025","isin":"US23274FAC14","value_usd":99378.92,"pct_val":0.015915116808,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Gas Worx Community Development District","title":"Gas Worx Community Development District, Series 2025","isin":"US367200AC64","value_usd":97884.37,"pct_val":0.015675770901,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kings Creek I Community Development District","title":"Kings Creek I Community Development District, Series 2025","isin":"US495879AC22","value_usd":97770.69,"pct_val":0.015657565526,"balance":100000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JQD09","value_usd":94966.04,"pct_val":0.015208412603,"balance":109000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Philadelphia Authority for Industrial Development","title":"Philadelphia Authority for Industrial Development, Series 2017","isin":"US71781XGR89","value_usd":79703.04,"pct_val":0.012764107233,"balance":75000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JQC26","value_usd":74976,"pct_val":0.012007091623,"balance":80000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-1","isin":"US74529JPV16","value_usd":55801.29,"pct_val":0.008936342319,"balance":59000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Development Authority of Cobb County (The)","title":"Development Authority of Cobb County (The), Series C","isin":"US190778JS08","value_usd":45136.46,"pct_val":0.006845001073,"balance":45000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Development Authority of Cobb County (The)","title":"Development Authority of Cobb County (The), Series C","isin":"US190778JR25","value_usd":25075.81,"pct_val":0.003802778205,"balance":25000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue","title":"Puerto Rico Sales Tax Financing Corp., Series A-2","isin":"US74529JRK33","value_usd":14611.15,"pct_val":0.002339914329,"balance":17000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"PR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Massachusetts Development Finance Agency","title":"Massachusetts Development Finance Agency, Series 2007","isin":"US57585AAB61","value_usd":20.35,"pct_val":0.000003258967,"balance":2035000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"MUN","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"N/A","title":"U.S. Treasury Ultra Bonds","isin":null,"value_usd":-231369.68,"pct_val":-0.03705288287,"balance":-113,"units":"NC","currency":"USD","asset_cat":"DIR","issuer_cat":null,"inv_country":"US","fair_val_level":"1","payoff_profile":"N/A"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=771951&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/putnam-tax-free-high-yield-fund.json","page":"https://dealcharts.org/capitalmarkets/funds/putnam-tax-free-high-yield-fund/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: Putnam Tax-Free High Yield Fund | LEI: GHIM2ZY9C5VFZ759VN46 | 494 positions totaling $701,868,403 across DBT, DIR, STIV | Filing: Mon Sep 22 2025 20:00:00 GMT-0400 (Eastern Daylight Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2025-09-23"}