|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Municipal Obligations–158.79%(a)
|
|||||
|
Alabama–2.33%
|
|||||
|
Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home
for the Aging);
Series 2016, RB
|
5.75%
|
06/01/2045
|
|
$185
|
$162,566
|
|
Black Belt Energy Gas District (The); Series 2023 B, RB(b)
|
5.25%
|
12/01/2030
|
|
1,065
|
1,127,938
|
|
Energy Southeast, A Cooperative District; Series 2024 B, RB(b)
|
5.25%
|
06/01/2032
|
|
755
|
799,358
|
|
Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village);
Series 2007,
RB (Acquired 12/17/2007-12/18/2007; Cost $1,655,986)(c)(d)
|
5.50%
|
01/01/2043
|
|
1,900
|
1,045,000
|
|
Lower Alabama Gas District (The); Series 2016 A, RB
|
5.00%
|
09/01/2046
|
|
1,030
|
1,050,273
|
|
Southeast Energy Authority, A Cooperative District (No. 2);
|
|
|
|
|
|
|
Series 2021 B, RB(b)
|
4.00%
|
12/01/2031
|
|
1,115
|
1,090,905
|
|
Series 2024 A, RB
|
5.00%
|
11/01/2035
|
|
1,250
|
1,290,334
|
|
Series 2025 A, RB(b)
|
5.00%
|
06/01/2035
|
|
825
|
832,536
|
|
Southeast Energy Authority, A Cooperative District (No. 3); Series 2022 A-1, RB(b)
|
5.50%
|
12/01/2029
|
|
1,050
|
1,107,992
|
|
Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series
2019 A, Ref.
IDR(e)
|
5.25%
|
05/01/2044
|
|
615
|
605,923
|
|
|
|
|
|
|
9,112,825
|
|
Alaska–0.07%
|
|||||
|
Northern Tobacco Securitization Corp.; Series 2021 A-1, Ref. RB
|
4.00%
|
06/01/2050
|
|
310
|
258,287
|
|
Arizona–2.77%
|
|||||
|
Arizona (State of) Industrial Development Authority; Series 2019-2A, Revenue Ctfs.
|
3.63%
|
05/20/2033
|
|
59
|
55,600
|
|
Arizona (State of) Industrial Development Authority (Leman Academy of Excellence);
Series 2019 A,
RB(e)
|
5.00%
|
07/01/2039
|
|
895
|
857,178
|
|
Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado);
Series 2019, RB(e)
|
5.00%
|
07/01/2049
|
|
500
|
446,197
|
|
Arizona (State of) Industrial Development Authority (Master Academy of Nevada - Bonanza
Campus);
Series 2020 A, RB(e)
|
5.00%
|
12/15/2040
|
|
185
|
179,088
|
|
City of Mesa AZ Utility System Revenue; Series 2025, RB (INS-BAM)(f)(g)
|
5.00%
|
07/01/2046
|
|
2,240
|
2,298,444
|
|
Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus);
|
|
|
|
|
|
|
Series 2017, Ref. RB
|
5.00%
|
11/15/2029
|
|
820
|
751,398
|
|
Series 2017, Ref. RB
|
5.00%
|
11/15/2045
|
|
665
|
473,518
|
|
Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools);
Series 2019, Ref. RB(e)
|
5.00%
|
07/01/2049
|
|
165
|
153,115
|
|
Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy);
Series 2019, Ref. RB(e)
|
5.00%
|
06/15/2052
|
|
270
|
238,046
|
|
Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy);
Series 2018, RB(e)
|
5.38%
|
07/01/2052
|
|
885
|
811,395
|
|
Salt River Project Agricultural Improvement & Power District; Series 2025, RB(g)
|
5.00%
|
01/01/2048
|
|
2,530
|
2,601,885
|
|
Salt Verde Financial Corp.; Series 2007, RB
|
5.00%
|
12/01/2037
|
|
1,930
|
1,997,738
|
|
|
|
|
|
|
10,863,602
|
|
Arkansas–0.11%
|
|||||
|
Arkansas (State of) Development Finance Authority (Baptist Memorial Health); Series
2020, Ref. RB
|
5.00%
|
09/01/2044
|
|
460
|
448,846
|
|
California–14.58%
|
|||||
|
Beverly Hills Unified School District (Election of 2008); Series 2009, GO Bonds(h)
|
0.00%
|
08/01/2028
|
|
900
|
818,431
|
|
California (State of);
|
|
|
|
|
|
|
Series 2020, GO Bonds (INS - BAM)(f)
|
3.00%
|
11/01/2050
|
|
1,250
|
933,548
|
|
Series 2023, GO Bonds(g)
|
5.25%
|
09/01/2053
|
|
2,525
|
2,662,941
|
|
California (State of) Community Choice Financing Authority (Clean Energy); Series
2024, RB(b)
|
5.00%
|
04/01/2032
|
|
1,105
|
1,160,162
|
|
California (State of) County Tobacco Securitization Agency; Series 2020 A, Ref. RB
|
4.00%
|
06/01/2038
|
|
275
|
260,282
|
|
California (State of) County Tobacco Securitization Agency (Alameda County Tobacco
Asset
Securitization Corp.); Series 2006 C, RB(h)
|
0.00%
|
06/01/2055
|
|
8,390
|
804,664
|
|
California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization
Corp.);
|
|
|
|
|
|
|
Series 2020 B-1, Ref. RB
|
5.00%
|
06/01/2049
|
|
15
|
14,571
|
|
Series 2020 B-2, Ref. RB(h)
|
0.00%
|
06/01/2055
|
|
1,245
|
226,590
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
California–(continued)
|
|||||
|
California (State of) Health Facilities Financing Authority (Cedars-Sinai Health System);
Series 2021
A, Ref. RB
|
5.00%
|
08/15/2051
|
|
$3,280
|
$3,346,594
|
|
California (State of) Health Facilities Financing Authority (PIH Health); Series 2020
A, RB
|
4.00%
|
06/01/2050
|
|
3,125
|
2,588,477
|
|
California (State of) Housing Finance Agency (Social Certificates);
|
|
|
|
|
|
|
Series 2021 A, RB
|
3.25%
|
08/20/2036
|
|
5
|
4,345
|
|
Series 2021-2A, Revenue Ctfs. (CEP - FHLMC)
|
3.75%
|
03/25/2035
|
|
2,982
|
2,944,809
|
|
Series 2023-1, RB
|
4.38%
|
09/20/2036
|
|
619
|
613,909
|
|
California (State of) Municipal Finance Authority (Bella Mente Montessori Academy);
Series 2018 A,
RB(e)
|
5.00%
|
06/01/2048
|
|
120
|
112,206
|
|
California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village
Student Housing);
Series 2018, RB
|
5.00%
|
05/15/2037
|
|
1,000
|
1,019,782
|
|
California (State of) Municipal Finance Authority (Green Bonds); Series 2021, RB (INS
- BAM)(f)
|
4.00%
|
05/15/2046
|
|
500
|
461,825
|
|
California (State of) Municipal Finance Authority (Linxs APM);
|
|
|
|
|
|
|
Series 2018 A, RB(i)
|
5.00%
|
12/31/2036
|
|
1,245
|
1,252,624
|
|
Series 2018 A, RB(i)
|
5.00%
|
12/31/2047
|
|
1,500
|
1,434,166
|
|
California (State of) Municipal Finance Authority (William Jessup University); Series
2019, Ref. RB(e)
|
5.00%
|
08/01/2039
|
|
185
|
153,777
|
|
California (State of) Pollution Control Financing Authority (Plant Bonds);
|
|
|
|
|
|
|
Series 2012, RB(e)(i)
|
5.00%
|
07/01/2027
|
|
415
|
415,293
|
|
Series 2012, RB(e)(i)
|
5.00%
|
07/01/2030
|
|
165
|
165,090
|
|
Series 2012, RB(e)(i)
|
5.00%
|
07/01/2037
|
|
1,730
|
1,729,877
|
|
Series 2012, RB(e)(i)
|
5.00%
|
11/21/2045
|
|
2,030
|
1,922,634
|
|
California (State of) Statewide Communities Development Authority (Loma Linda University
Medical
Center); Series 2016 A, RB(e)
|
5.25%
|
12/01/2056
|
|
750
|
728,260
|
|
California Community Choice Financing Authority (Clean Energy) (Green Bonds);
|
|
|
|
|
|
|
Series 2024 E, RB(b)
|
5.00%
|
09/01/2032
|
|
790
|
829,923
|
|
Series 2024, RB(b)
|
5.00%
|
10/01/2032
|
|
945
|
984,748
|
|
California State University; Series 2019 A, RB(g)
|
5.00%
|
11/01/2049
|
|
1,585
|
1,605,252
|
|
Cambrian School District; Series 2022, GO Bonds
|
4.00%
|
08/01/2052
|
|
1,735
|
1,557,540
|
|
CSCDA Community Improvement Authority (Jefferson-Anaheim Social Bonds); Series 2021
A, RB(e)
|
3.13%
|
08/01/2056
|
|
625
|
447,603
|
|
Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park
Acquisition);
Series 2007 C, Ref. RB
|
6.50%
|
12/15/2047
|
|
365
|
364,982
|
|
Desert Community College District (Election of 2016); Series 2024, GO Bonds
|
4.00%
|
08/01/2051
|
|
655
|
596,174
|
|
Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB(h)
|
0.00%
|
06/01/2066
|
|
1,190
|
128,165
|
|
Los Angeles (City of), CA Department of Airports (Los Angeles International Airport);
Series 2019 F,
RB(i)
|
5.00%
|
05/15/2044
|
|
2,950
|
2,939,114
|
|
Montebello Unified School District; Series 2022 B, GO Bonds (INS - AGI)(f)
|
5.00%
|
08/01/2050
|
|
930
|
948,827
|
|
M-S-R Energy Authority; Series 2009 B, RB
|
6.50%
|
11/01/2039
|
|
2,095
|
2,472,995
|
|
Mt. San Antonio Community College District (Election of 2008); Series 2013 A, GO Bonds(j)
|
6.25%
|
08/01/2043
|
|
1,500
|
1,436,912
|
|
Oxnard School District (Election of 2022); Series 2023 A, GO Bonds (INS - BAM)(f)
|
4.25%
|
08/01/2053
|
|
2,300
|
2,071,545
|
|
Regents of the University of California Medical Center;
|
|
|
|
|
|
|
Series 2022 P, RB(g)(k)
|
4.00%
|
05/15/2053
|
|
4,065
|
3,516,383
|
|
Series 2022 P, RB
|
3.50%
|
05/15/2054
|
|
1,510
|
1,168,914
|
|
Sacramento (City of), CA Unified School District; Series 2024 B, GO Bonds (INS - BAM)(f)
|
4.00%
|
08/01/2048
|
|
925
|
832,746
|
|
Sacramento (County of), CA; Series 2024, RB
|
5.25%
|
07/01/2054
|
|
1,000
|
1,038,575
|
|
San Diego (County of), CA Regional Airport Authority;
|
|
|
|
|
|
|
Series 2021 A, RB
|
4.00%
|
07/01/2051
|
|
1,540
|
1,369,149
|
|
Series 2021 A, RB
|
5.00%
|
07/01/2056
|
|
1,500
|
1,514,544
|
|
Series 2023 B, RB(i)
|
5.00%
|
07/01/2048
|
|
1,890
|
1,887,067
|
|
San Francisco (City & County of), CA Airport Commission (San Francisco International
Airport);
|
|
|
|
|
|
|
Series 2019 E, RB(i)
|
5.00%
|
05/01/2038
|
|
505
|
513,758
|
|
Series 2019 E, RB(i)
|
5.00%
|
05/01/2050
|
|
1,760
|
1,730,406
|
|
Series 2021 A, Ref. RB(i)
|
5.00%
|
05/01/2036
|
|
450
|
467,102
|
|
Silicon Valley Tobacco Securitization Authority (Santa Clara); Series 2007 A, RB(h)
|
0.00%
|
06/01/2041
|
|
2,605
|
929,050
|
|
|
|
|
|
|
57,126,331
|
|
Colorado–7.21%
|
|||||
|
Arista Metropolitan District; Series 2023 A, Ref. GO Bonds (INS - BAM)(f)
|
4.50%
|
12/01/2058
|
|
1,790
|
1,621,345
|
|
Aurora Highlands Community Authority Board; Series 2021 A, Ref. RB
|
5.75%
|
12/01/2051
|
|
620
|
568,024
|
|
Belford North Metropolitan District; Series 2020 A, GO Bonds
|
5.50%
|
12/01/2050
|
|
780
|
670,728
|
|
Bromley Park Metropolitan District No. 2; Series 2023, Ref. GO Bonds (INS - BAM)(f)
|
5.38%
|
12/01/2053
|
|
465
|
480,975
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Colorado–(continued)
|
|||||
|
Centerra Metropolitan District No. 1 (In the City of Loveland);
|
|
|
|
|
|
|
Series 2017, RB(e)
|
5.00%
|
12/01/2047
|
|
$1,260
|
$1,185,622
|
|
Series 2020 A, Ref. GO Bonds
|
5.00%
|
12/01/2051
|
|
500
|
465,189
|
|
Series 2022, RB
|
6.50%
|
12/01/2053
|
|
500
|
517,787
|
|
Colorado (State of) Health Facilities Authority (Adventhealth Obligated Group); Series
2021 A, Ref.
RB
|
4.00%
|
11/15/2050
|
|
555
|
466,503
|
|
Colorado (State of) Health Facilities Authority (Adventist Health System/Sunbelt Obligated
Group);
Series 2018 A, RB
|
5.00%
|
11/15/2048
|
|
1,280
|
1,269,903
|
|
Colorado (State of) Health Facilities Authority (CommonSpirit Health);
|
|
|
|
|
|
|
Series 2019 A-2, Ref. RB
|
5.00%
|
08/01/2044
|
|
935
|
921,211
|
|
Series 2019 A-2, Ref. RB
|
4.00%
|
08/01/2049
|
|
1,245
|
1,029,122
|
|
Colorado (State of) Health Facilities Authority (Volunteers of America Care); Series
2007 A, RB
|
5.30%
|
07/01/2037
|
|
130
|
130,212
|
|
Colorado (State of) Southern Ute Indian Tribe of the Southern Ute Reservation; Series
2025 A, GO
Bonds(e)
|
5.00%
|
04/01/2035
|
|
935
|
985,741
|
|
Colorado Crossing Metropolitan District No. 2; Series 2020 A-1, Ref. GO Bonds
|
5.00%
|
12/01/2047
|
|
500
|
458,375
|
|
Denver (City & County of), CO;
|
|
|
|
|
|
|
Series 2018 A, Ref. RB(i)
|
5.00%
|
12/01/2048
|
|
1,315
|
1,291,614
|
|
Series 2018 A, Ref. RB(i)
|
5.25%
|
12/01/2048
|
|
1,185
|
1,190,584
|
|
Series 2018 A-2, RB(h)
|
0.00%
|
08/01/2033
|
|
1,700
|
1,205,759
|
|
Series 2022 A, RB(i)
|
5.00%
|
11/15/2036
|
|
710
|
742,414
|
|
Series 2022 A, RB(i)
|
5.00%
|
11/15/2047
|
|
1,905
|
1,890,627
|
|
Great Western Metropolitan District; Series 2020, Ref. GO Bonds
|
4.75%
|
12/01/2050
|
|
340
|
284,547
|
|
Jefferson (County of), CO Center Metropolitan District No. 1; Series 2020 B, Ref.
RB
|
5.75%
|
12/15/2050
|
|
1,745
|
1,742,134
|
|
Johnstown Plaza Metropolitan District; Series 2022, Ref. GO Bonds
|
4.25%
|
12/01/2046
|
|
564
|
472,097
|
|
Midtown Clear Creek Metropolitan District; Series 2023 A, Ref. GO Bonds (INS - BAM)(f)
|
5.00%
|
12/01/2053
|
|
430
|
441,365
|
|
Mulberry Metropolitan District No. 2; Series 2022, RB
|
7.00%
|
12/01/2034
|
|
565
|
574,629
|
|
North Range Metropolitan District No. 3; Series 2020 A, GO Bonds
|
5.00%
|
12/01/2040
|
|
500
|
490,007
|
|
Rampart Range Metropolitan District No. 5; Series 2021, RB
|
4.00%
|
12/01/2051
|
|
500
|
391,804
|
|
Ritoro Metropolitan District; Series 2025 A, Ref. GO Bonds (INS - AGI)(f)
|
4.75%
|
12/01/2054
|
|
920
|
868,773
|
|
Roaring Fork Transportation Authority; Series 2021, RB
|
4.00%
|
12/01/2051
|
|
1,000
|
871,677
|
|
Sky Ranch Community Authority Board; Series 2022 A, RB
|
5.75%
|
12/01/2052
|
|
500
|
458,528
|
|
Spring Valley Metropolitan District No. 3; Series 2025 A, Ref. GO Bonds (INS - AGI)(f)
|
4.63%
|
12/01/2054
|
|
500
|
454,602
|
|
Village Metropolitan District (The); Series 2020, Ref. GO Bonds
|
5.00%
|
12/01/2040
|
|
550
|
539,008
|
|
Waterstone Metropolitan District No. 1;
|
|
|
|
|
|
|
Series 2025 A, Ref. GO Bonds (INS - AGI)(f)
|
5.25%
|
12/01/2040
|
|
500
|
519,700
|
|
Series 2025 A, Ref. GO Bonds (INS - AGI)(f)
|
4.75%
|
12/01/2054
|
|
625
|
589,293
|
|
White Buffalo Metropolitan District No. 3;
|
|
|
|
|
|
|
Series 2020, GO Bonds
|
5.50%
|
12/01/2050
|
|
500
|
478,366
|
|
Series 2023, GO Bonds
|
8.00%
|
12/15/2035
|
|
610
|
613,852
|
|
Windler Public Improvement Authority;
|
|
|
|
|
|
|
Series 2021 A-1, RB
|
4.13%
|
12/01/2051
|
|
370
|
286,539
|
|
Series 2021 A-2, RB(j)
|
4.50%
|
12/01/2041
|
|
1,535
|
1,070,071
|
|
|
|
|
|
|
28,238,727
|
|
District of Columbia–2.57%
|
|||||
|
District of Columbia; Series 2022 A, RB
|
5.00%
|
07/01/2047
|
|
1,260
|
1,284,888
|
|
District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB
|
5.00%
|
10/01/2045
|
|
515
|
471,120
|
|
District of Columbia Water & Sewer Authority (Green Bonds); Series 2022 C-1, RB
|
4.00%
|
10/01/2051
|
|
2,500
|
2,129,498
|
|
Metropolitan Washington Airports Authority;
|
|
|
|
|
|
|
Series 2017, Ref. RB(i)
|
5.00%
|
10/01/2042
|
|
2,005
|
1,983,673
|
|
Series 2019 B, Ref. RB
|
4.00%
|
10/01/2049
|
|
1,245
|
1,059,084
|
|
Series 2021 A, Ref. RB(i)
|
4.00%
|
10/01/2041
|
|
1,575
|
1,449,921
|
|
Washington Metropolitan Area Transit Authority Dedicated Revenue; Series 2025, RB(g)(k)
|
5.25%
|
07/15/2053
|
|
1,635
|
1,674,858
|
|
|
|
|
|
|
10,053,042
|
|
Florida–13.78%
|
|||||
|
Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs);
Series 2022 A, Ref.
RB (Acquired 01/25/2022; Cost $1,075,000)(c)(d)(e)
|
5.00%
|
11/15/2061
|
|
1,075
|
771,415
|
|
Brevard (County of), FL Health Facilities Authority (Health First Obligated Group);
Series 2022 A,
Ref. RB
|
4.00%
|
04/01/2052
|
|
370
|
303,439
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Florida–(continued)
|
|||||
|
Broward (County of), FL;
|
|
|
|
|
|
|
Series 2019 A, RB(i)
|
4.00%
|
10/01/2049
|
|
$560
|
$477,072
|
|
Series 2022 A, RB
|
4.00%
|
10/01/2047
|
|
2,700
|
2,442,085
|
|
Broward (County of), FL (Convention Center Expansion); Series 2021, RB
|
4.00%
|
09/01/2051
|
|
1,895
|
1,571,450
|
|
Cape Coral (City of), FL; Series 2023, Ref. RB (INS - BAM)(f)
|
5.60%
|
03/01/2048
|
|
935
|
984,855
|
|
Collier (County of), FL Industrial Development Authority (The Arlington of Naples);
Series 2014 A, RB
(Acquired 12/16/2013; Cost $728,530)(c)(d)(e)
|
7.75%
|
05/15/2035
|
|
746
|
75
|
|
County of Miami-Dade FL Transit System; Series 2025, RB(g)
|
5.00%
|
07/01/2052
|
|
1,755
|
1,762,229
|
|
Davie (Town of), FL (Nova Southeastern University); Series 2018, Ref. RB
|
5.00%
|
04/01/2048
|
|
1,990
|
1,956,067
|
|
Florida (State of) Higher Educational Facilities Financial Authority (Rollins College);
Series 2024, RB
|
5.25%
|
12/01/2054
|
|
1,500
|
1,543,760
|
|
Florida (State of) North Broward Hospital District; Series 2017 B, Ref. RB
|
5.00%
|
01/01/2042
|
|
900
|
889,722
|
|
Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion);
|
|
|
|
|
|
|
Series 2024, Ref. RB(b)(e)(i)
|
12.00%
|
07/15/2028
|
|
560
|
581,492
|
|
Series 2024, Ref. RB (INS - AGI)(f)(i)
|
5.00%
|
07/01/2044
|
|
2,150
|
2,105,851
|
|
Series 2024, Ref. RB (INS - AGI)(f)(i)
|
5.25%
|
07/01/2047
|
|
630
|
631,951
|
|
Series 2024, Ref. RB (INS - AGI)(f)(i)
|
5.25%
|
07/01/2053
|
|
750
|
738,019
|
|
Series 2024, Ref. RB(i)
|
5.50%
|
07/01/2053
|
|
650
|
611,091
|
|
Fort Lauderdale (City of), FL; Series 2024, RB(g)
|
5.50%
|
09/01/2053
|
|
1,885
|
1,998,429
|
|
Fort Lauderdale (City of), FL (Prospect Lake Water Treatment Plant); Series 2023,
RB
|
5.50%
|
09/01/2053
|
|
1,120
|
1,187,396
|
|
Gainesville (City of), FL; Series 2012 B, Ref. VRD RB(l)
|
1.40%
|
10/01/2042
|
|
1,525
|
1,525,000
|
|
Greater Orlando Aviation Authority;
|
|
|
|
|
|
|
Series 2017 A, RB(i)
|
5.00%
|
10/01/2052
|
|
800
|
781,453
|
|
Series 2019 A, RB(i)
|
4.00%
|
10/01/2044
|
|
1,750
|
1,564,615
|
|
Series 2024, RB(i)
|
5.25%
|
10/01/2048
|
|
1,245
|
1,266,861
|
|
Hillsborough (County of), FL; Series 2023, GO Bonds
|
5.00%
|
07/01/2053
|
|
1,185
|
1,214,924
|
|
Hillsborough (County of), FL Aviation Authority (Tampa International Airport); Series
2018 E, RB(i)
|
5.00%
|
10/01/2048
|
|
1,895
|
1,861,292
|
|
Hillsborough County Industrial Development Authority; Series 2025, RB(g)
|
5.50%
|
11/15/2054
|
|
2,495
|
2,627,928
|
|
JEA Water & Sewer System Revenue; Series 2025, RB(g)
|
5.25%
|
10/01/2055
|
|
1,250
|
1,296,225
|
|
Lake (County of), FL (Lakeside at Waterman Village);
|
|
|
|
|
|
|
Series 2020 A, Ref. RB
|
5.50%
|
08/15/2040
|
|
525
|
504,951
|
|
Series 2020 A, Ref. RB
|
5.75%
|
08/15/2050
|
|
210
|
195,299
|
|
Series 2020 A, Ref. RB
|
5.75%
|
08/15/2055
|
|
790
|
722,293
|
|
Lee (County of), FL;
|
|
|
|
|
|
|
Series 2021 B, RB(i)
|
5.00%
|
10/01/2034
|
|
775
|
808,877
|
|
Series 2022, RB
|
5.25%
|
08/01/2049
|
|
1,850
|
1,884,187
|
|
Miami (City of) & Dade (County of), FL School Board (The); Series 2022 A, GO Bonds
(INS - BAM)(f)
|
5.00%
|
03/15/2052
|
|
1,485
|
1,497,982
|
|
Miami Beach (City of), FL; Series 2017, Ref. RB
|
5.00%
|
09/01/2047
|
|
865
|
871,584
|
|
Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center);
Series 2014, Ref. RB
|
5.00%
|
11/15/2039
|
|
710
|
709,970
|
|
Miami-Dade (County of), FL;
|
|
|
|
|
|
|
Series 2017 B, Ref. RB(i)
|
5.00%
|
10/01/2040
|
|
1,010
|
1,008,194
|
|
Series 2022 A, Ref. RB(i)
|
5.25%
|
10/01/2052
|
|
975
|
968,880
|
|
Series 2023 A, Ref. RB(i)
|
5.00%
|
10/01/2047
|
|
630
|
610,617
|
|
Series 2025 A, RB(i)
|
5.50%
|
10/01/2055
|
|
335
|
341,996
|
|
Subseries 2021 A-2, Ref. RB (INS - AGI)(f)
|
4.00%
|
10/01/2049
|
|
1,885
|
1,643,149
|
|
Miami-Dade (County of), FL Expressway Authority; Series 2010 A, RB
|
5.00%
|
07/01/2040
|
|
2,015
|
2,014,919
|
|
Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group);
Series 2025,
Ref. RB
|
5.25%
|
10/01/2056
|
|
2,125
|
2,135,633
|
|
Osceola (County of), FL;
|
|
|
|
|
|
|
Series 2020 A-2, Ref. RB(h)
|
0.00%
|
10/01/2051
|
|
1,200
|
293,084
|
|
Series 2020 A-2, Ref. RB(h)
|
0.00%
|
10/01/2052
|
|
335
|
77,290
|
|
Series 2020 A-2, Ref. RB(h)
|
0.00%
|
10/01/2053
|
|
335
|
73,016
|
|
Series 2020 A-2, Ref. RB(h)
|
0.00%
|
10/01/2054
|
|
285
|
58,668
|
|
Reunion East Community Development District; Series 2005, RB(c)
|
5.80%
|
05/01/2036
|
|
197
|
2
|
|
Sarasota (County of), FL Public Hospital District (Sarasota Memorial Hospital); Series
2022, RB
|
4.00%
|
07/01/2052
|
|
1,000
|
847,489
|
|
South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated
Group);
Series 2017, Ref. RB
|
4.00%
|
08/15/2047
|
|
630
|
534,811
|
|
Sterling Hill Community Development District; Series 2003 A, RB(m)(n)
|
6.20%
|
05/01/2035
|
|
828
|
364,170
|
|
Sumter (County of), FL Industrial Development Authority (Central Florida Health Alliance);
Series 2014 A, RB
|
5.25%
|
07/01/2044
|
|
1,000
|
1,000,002
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Florida–(continued)
|
|||||
|
Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.); Series 2016, RB
|
5.00%
|
12/01/2055
|
|
$1,010
|
$975,765
|
|
Tampa (City of), FL; Series 2020 A, RB(h)
|
0.00%
|
09/01/2049
|
|
4,255
|
1,142,973
|
|
|
|
|
|
|
53,980,497
|
|
Georgia–2.84%
|
|||||
|
Atlanta (City of), GA (Green Bonds); Series 2023, RB(i)
|
5.25%
|
07/01/2044
|
|
860
|
882,146
|
|
Brookhaven (City of), GA Development Authority (Children’s Healthcare of Atlanta, Inc.); Series 2019
A, RB
|
4.00%
|
07/01/2044
|
|
2,495
|
2,217,461
|
|
Columbia (City of), GA (Wellstar Health System, Inc.); Series 2023, RAC
|
5.13%
|
04/01/2048
|
|
820
|
828,260
|
|
DeKalb (County of), GA Housing Authority (Park at 500); Series 2024, RB
|
4.00%
|
03/01/2034
|
|
1,000
|
976,339
|
|
Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4); Series
2021 A, Ref. RB
|
4.00%
|
01/01/2051
|
|
645
|
544,562
|
|
Main Street Natural Gas, Inc.;
|
|
|
|
|
|
|
Series 2021 C, RB(b)
|
4.00%
|
12/01/2028
|
|
925
|
926,236
|
|
Series 2022 C, RB(b)(e)
|
4.00%
|
11/01/2027
|
|
945
|
939,420
|
|
Series 2023 B, RB(b)
|
5.00%
|
03/01/2030
|
|
1,350
|
1,405,371
|
|
Series 2024 B, RB(b)
|
5.00%
|
03/01/2032
|
|
1,260
|
1,327,531
|
|
Series 2024 E, RB(b)
|
5.00%
|
12/01/2032
|
|
1,050
|
1,094,396
|
|
|
|
|
|
|
11,141,722
|
|
Hawaii–0.87%
|
|||||
|
Hawaii (State of);
|
|
|
|
|
|
|
Series 2025 A, RB(i)
|
5.50%
|
07/01/2054
|
|
1,405
|
1,456,412
|
|
Series 2025 B, RB
|
5.00%
|
07/01/2049
|
|
920
|
939,312
|
|
Honolulu (City & County of), HI; Series 2012 A, GO Bonds
|
5.00%
|
11/01/2036
|
|
1,000
|
1,000,807
|
|
|
|
|
|
|
3,396,531
|
|
Idaho–0.66%
|
|||||
|
Idaho (State of) Health Facilities Authority (St. Luke’s Health ystem); Series 2025, Ref. RB
|
5.25%
|
03/01/2050
|
|
685
|
698,359
|
|
Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.);
|
|
|
|
|
|
|
Series 2017 A, Ref. RB
|
5.00%
|
11/15/2032
|
|
265
|
239,613
|
|
Series 2017 A, Ref. RB
|
5.25%
|
11/15/2037
|
|
370
|
312,786
|
|
Idaho (State of) Housing & Finance Association; Series 2024, RB
|
5.00%
|
08/15/2048
|
|
1,285
|
1,326,913
|
|
|
|
|
|
|
2,577,671
|
|
Illinois–5.06%
|
|||||
|
Bolingbrook (Village of), IL; Series 1999 C, Ref. GO Bonds (INS - NATL)(f)(h)
|
0.00%
|
01/01/2029
|
|
1,710
|
1,487,217
|
|
Chicago (City of), IL; Series 2017 A, Ref. GO Bonds
|
6.00%
|
01/01/2038
|
|
1,550
|
1,577,782
|
|
Chicago (City of), IL (O’Hare International Airport);
|
|
|
|
|
|
|
Series 2017 D, RB
|
5.00%
|
01/01/2052
|
|
1,100
|
1,092,167
|
|
Series 2024 A, RB(i)
|
5.50%
|
01/01/2059
|
|
1,570
|
1,618,258
|
|
Chicago (City of), IL Board of Education; Series 2018 A, Ref. GO Bonds
|
5.00%
|
12/01/2034
|
|
520
|
519,308
|
|
Chicago (City of), IL Metropolitan Water Reclamation District (Green Bonds); Series
2021 A, GO
Bonds
|
4.00%
|
12/01/2051
|
|
1,035
|
872,178
|
|
Chicago (City of), IL Park District; Series 2020 C, GO Bonds (INS - BAM)(f)
|
4.00%
|
01/01/2042
|
|
1,485
|
1,311,383
|
|
Chicago (City of), IL Transit Authority; Series 2024 A, Ref. RB
|
5.00%
|
12/01/2049
|
|
1,750
|
1,746,264
|
|
Illinois (State of);
|
|
|
|
|
|
|
Series 2016, GO Bonds
|
5.00%
|
11/01/2036
|
|
895
|
901,995
|
|
Series 2017 C, GO Bonds
|
5.00%
|
11/01/2029
|
|
195
|
201,218
|
|
Series 2017 D, GO Bonds
|
5.00%
|
11/01/2026
|
|
1,880
|
1,925,963
|
|
Series 2018 A, GO Bonds
|
5.00%
|
05/01/2030
|
|
935
|
969,945
|
|
Series 2020, GO Bonds
|
5.50%
|
05/01/2039
|
|
1,040
|
1,088,756
|
|
Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series
2002, RB(i)
|
8.00%
|
06/01/2032
|
|
270
|
270,280
|
|
Illinois (State of) Finance Authority (Lutheran Communities Obligated Group);
|
|
|
|
|
|
|
Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $46,729)(d)
|
5.00%
|
11/01/2040
|
|
45
|
30,150
|
|
Series 2019 A, Ref. RB (Acquired 04/14/2020-10/05/2022; Cost $764,506)(d)
|
5.00%
|
11/01/2049
|
|
910
|
609,700
|
|
Illinois (State of) Finance Authority (Mercy Health Corp.); Series 2016, Ref. RB
|
5.00%
|
12/01/2046
|
|
2,005
|
1,980,736
|
|
Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB
|
5.13%
|
05/15/2060
|
|
977
|
701,941
|
|
Illinois (State of) Sports Facilities Authority (The); Series 2014, Ref. RB (INS -
AGI)(f)
|
5.25%
|
06/15/2031
|
|
920
|
921,497
|
|
|
|
|
|
|
19,826,738
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Indiana–1.27%
|
|||||
|
Fishers Town Hall Building Corp.; Series 2023 A, RB (INS - BAM)(f)
|
5.63%
|
07/15/2053
|
|
$1,865
|
$2,016,148
|
|
Indiana (State of) Finance Authority (Indiana University Health Obligated Group);
Series 2019 A, RB
|
4.00%
|
12/01/2049
|
|
1,840
|
1,568,489
|
|
Indiana (State of) Finance Authority (US Steel Corp.); Series 2012, RB(i)
|
5.75%
|
08/01/2042
|
|
175
|
174,997
|
|
Northern Indiana Commuter Transportation District; Series 2024, RB
|
5.00%
|
01/01/2054
|
|
740
|
747,929
|
|
Whiting (City of), IN (BP Products North America, Inc.); Series 2015, RB(b)(i)
|
4.40%
|
06/10/2031
|
|
465
|
470,940
|
|
|
|
|
|
|
4,978,503
|
|
Iowa–1.33%
|
|||||
|
Iowa (State of) Board of Regents (University of Iowa Hospital & Clinics); Series 2022
B, RB
|
3.00%
|
09/01/2056
|
|
460
|
304,842
|
|
Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB
|
4.75%
|
08/01/2042
|
|
940
|
898,852
|
|
Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB(b)(o)
|
5.00%
|
12/01/2032
|
|
2,050
|
2,305,904
|
|
Iowa (State of) Tobacco Settlement Authority;
|
|
|
|
|
|
|
Series 2021 A-2, Ref. RB
|
4.00%
|
06/01/2049
|
|
225
|
191,240
|
|
Series 2021 B-1, Ref. RB
|
4.00%
|
06/01/2049
|
|
155
|
155,000
|
|
PEFA, Inc.; Series 2019, RB(b)
|
5.00%
|
09/01/2026
|
|
1,345
|
1,359,893
|
|
|
|
|
|
|
5,215,731
|
|
Kentucky–2.39%
|
|||||
|
Henderson (City of), KY (Pratt Paper LLC); Series 2022 A, RB(e)(i)
|
4.70%
|
01/01/2052
|
|
500
|
445,508
|
|
Kentucky (Commonwealth of) Economic Development Finance Authority (Louisville Arena
Authority,
Inc.); Series 2017 A, Ref. RB (INS - AGI)(f)
|
5.00%
|
12/01/2047
|
|
395
|
388,253
|
|
Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation
Kentucky
Information Highway);
|
|
|
|
|
|
|
Series 2015 A, RB
|
5.00%
|
07/01/2037
|
|
830
|
830,305
|
|
Series 2015 A, RB
|
5.00%
|
07/01/2040
|
|
750
|
750,043
|
|
Series 2015 A, RB
|
5.00%
|
01/01/2045
|
|
1,020
|
1,019,713
|
|
Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health,
Inc.);
Series 2017 A, Ref. RB
|
5.25%
|
06/01/2041
|
|
945
|
946,210
|
|
Kentucky (Commonwealth of) Public Energy Authority; Series 2023 A-1, Ref. RB(b)
|
5.25%
|
02/01/2032
|
|
1,260
|
1,333,775
|
|
Louisville (City of) & Jefferson (County of), KY Metropolitan Sewer District; Series
2023 C, Ref. RB
|
5.00%
|
05/15/2051
|
|
465
|
474,113
|
|
Louisville (City of) & Jefferson (County of), KY Sewer District; Series 2023 C, Ref.
RB
|
5.00%
|
05/15/2053
|
|
3,110
|
3,165,623
|
|
|
|
|
|
|
9,353,543
|
|
Louisiana–1.06%
|
|||||
|
Louisiana (State of) Local Government Environmental Facilities & Community Development
Authority
(St. John the Baptist); Series 2019, RB(e)
|
3.90%
|
11/01/2044
|
|
570
|
482,994
|
|
Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge); Series
2024, RB(i)
|
5.75%
|
09/01/2064
|
|
1,940
|
2,002,502
|
|
Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation); Series
2025, Ref. RB
|
5.50%
|
05/15/2050
|
|
1,250
|
1,307,495
|
|
New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage
System);
Series 2018 A, RB (INS - AGI)(f)
|
5.00%
|
10/01/2048
|
|
375
|
377,191
|
|
|
|
|
|
|
4,170,182
|
|
Maryland–1.06%
|
|||||
|
Brunswick (City of), MD (Brunswick Crossing); Series 2019, RB
|
5.00%
|
07/01/2036
|
|
285
|
285,867
|
|
Howard (County of), MD Housing Commission (Social Bonds); Series 2024, RB
|
4.13%
|
12/01/2043
|
|
1,000
|
900,608
|
|
Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health);
Series 2017 A,
RB
|
5.00%
|
05/15/2045
|
|
760
|
741,055
|
|
Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University);
Series 2021 A, Ref. RB
|
4.00%
|
06/01/2041
|
|
375
|
324,259
|
|
Maryland Economic Development Corp. (Green Bonds); Series 2022, RB(i)
|
5.25%
|
06/30/2052
|
|
710
|
693,063
|
|
Prince George’s (County of), MD (Collington Episcopal Life Care Community, Inc.); Series 2017, Ref.
RB
|
5.00%
|
04/01/2029
|
|
690
|
690,999
|
|
Washington (State of) Suburban Sanitary Commission; Series 2015 B, VRD RB(l)
|
1.55%
|
06/01/2027
|
|
515
|
515,000
|
|
|
|
|
|
|
4,150,851
|
|
Massachusetts–1.86%
|
|||||
|
Massachusetts (Commonwealth of); Series 2024, RB(g)
|
5.00%
|
06/01/2053
|
|
3,430
|
3,488,699
|
|
Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds); Series 2022,
RB
|
5.00%
|
06/01/2050
|
|
1,610
|
1,634,997
|
|
Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center)
(Green
Bopnds); Series 2023, Ref. RB
|
5.25%
|
07/01/2048
|
|
1,085
|
1,074,764
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Massachusetts–(continued)
|
|||||
|
Massachusetts (Commonwealth of) Development Finance Agency (Milford Regional Medical
Center);
Series 2020, Ref. RB(b)(o)
|
5.00%
|
07/15/2030
|
|
$270
|
$294,107
|
|
Massachusetts (Commonwealth of) Port Authority; Series 2021 E, RB(i)
|
5.00%
|
07/01/2046
|
|
790
|
786,910
|
|
|
|
|
|
|
7,279,477
|
|
Michigan–3.73%
|
|||||
|
Academy of Warren; Series 2020 A, RB(e)
|
5.50%
|
05/01/2050
|
|
250
|
221,357
|
|
Lansing (City of), MI; Series 2024(g)
|
5.25%
|
07/01/2054
|
|
2,735
|
2,840,502
|
|
Michigan (State of);
|
|
|
|
|
|
|
Series 2023, RB
|
5.00%
|
11/15/2046
|
|
2,085
|
2,160,342
|
|
Series 2024, RB(g)
|
5.50%
|
11/15/2049
|
|
2,330
|
2,465,966
|
|
Michigan (State of) Finance Authority (Landmark Academy);
|
|
|
|
|
|
|
Series 2020, Ref. RB
|
5.00%
|
06/01/2035
|
|
215
|
213,081
|
|
Series 2020, Ref. RB
|
5.00%
|
06/01/2045
|
|
360
|
327,965
|
|
Michigan (State of) Finance Authority (Trinity Health Credit Group); Series 2017,
Ref. RB
|
5.00%
|
12/01/2046
|
|
2,875
|
2,853,205
|
|
Michigan (State of) Housing Development Authority; Series 2023 A, RB
|
5.10%
|
10/01/2053
|
|
1,460
|
1,469,271
|
|
Michigan (State of) Strategic Fund (Green Bonds); Series 2021, RB(b)(i)
|
4.00%
|
10/01/2026
|
|
1,525
|
1,515,699
|
|
Michigan (State of) Strategic Fund (I-75 Improvement Project); Series 2018, RB(i)
|
5.00%
|
06/30/2030
|
|
545
|
564,105
|
|
|
|
|
|
|
14,631,493
|
|
Minnesota–0.38%
|
|||||
|
Bethel (City of), MN (Spectrum High School); Series 2017 A, Ref. RB
|
4.25%
|
07/01/2047
|
|
400
|
339,301
|
|
Duluth (City of), MN Economic Development Authority (Essentia Health Obligated Group);
Series 2018, Ref. RB
|
5.00%
|
02/15/2048
|
|
440
|
432,115
|
|
St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy);
Series 2023,
Ref. RB
|
5.50%
|
12/01/2057
|
|
500
|
493,039
|
|
St. Paul (City of), MN Housing & Redevelopment Authority (Hope Community Academy);
Series 2020,
RB
|
5.00%
|
12/01/2055
|
|
315
|
212,885
|
|
|
|
|
|
|
1,477,340
|
|
Mississippi–0.29%
|
|||||
|
Mississippi (State of) Development Bank (Greenwood Leflore); Series 2025, RB (INS
- BAM)(f)
|
5.25%
|
03/01/2055
|
|
625
|
631,788
|
|
Mississippi Business Finance Corp. (System Energy Resources, Inc.); Series 2021, RB
|
2.38%
|
06/01/2044
|
|
830
|
499,757
|
|
|
|
|
|
|
1,131,545
|
|
Missouri–2.16%
|
|||||
|
Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment
District);
|
|
|
|
|
|
|
Series 2011 A, Ref. RB
|
5.50%
|
09/01/2027
|
|
800
|
803,002
|
|
Series 2011 A, Ref. RB
|
5.50%
|
09/01/2028
|
|
1,670
|
1,676,267
|
|
Kansas City (City of), MO Industrial Development Authority (Kansas City International
Airport);
Series 2019 B, RB(i)
|
5.00%
|
03/01/2046
|
|
3,555
|
3,500,596
|
|
Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); Series
2017 A, Ref. RB
|
5.25%
|
05/15/2050
|
|
385
|
319,821
|
|
Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services);
Series 2019,
Ref. RB
|
5.00%
|
02/01/2048
|
|
245
|
231,862
|
|
St. Louis (County of), MO Industrial Development Authority (Friendship Village West
County);
Series 2018 A, RB
|
5.00%
|
09/01/2038
|
|
1,375
|
1,379,675
|
|
Taney (County of), MO Industrial Development Authority (Big Cedar Infrastructure);
Series 2023,
RB(e)
|
6.00%
|
10/01/2049
|
|
575
|
547,883
|
|
|
|
|
|
|
8,459,106
|
|
Nebraska–1.86%
|
|||||
|
Central Plains Energy Project (No. 3); Series 2017 A, Ref. RB
|
5.00%
|
09/01/2042
|
|
2,810
|
2,881,025
|
|
Central Plains Energy Project (No. 5); Series 2022-1, RB(b)
|
5.00%
|
10/01/2029
|
|
630
|
649,973
|
|
Nebraska Investment Finance Authority (Social Bonds); Series 2023 G, RB (CEP - GNMA)
|
5.35%
|
09/01/2048
|
|
785
|
803,518
|
|
Omaha (City of), NE Public Power District;
|
|
|
|
|
|
|
Series 2021 A, RB (INS - AGI)(f)
|
4.00%
|
02/01/2051
|
|
1,545
|
1,356,990
|
|
Series 2022, RB(g)(k)
|
5.25%
|
02/01/2052
|
|
1,570
|
1,616,599
|
|
|
|
|
|
|
7,308,105
|
|
Nevada–1.25%
|
|||||
|
Clark (County of), NV Water Reclamation District; Series 2024, GO Bonds(g)
|
5.00%
|
07/01/2053
|
|
3,965
|
4,038,346
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Nevada–(continued)
|
|||||
|
Nevada (State of) Department of Business & Industry (Brightline West Passenger Rail)
(Green Bonds);
Series 2025, RB(b)(e)(i)
|
9.50%
|
01/01/2033
|
|
$750
|
$715,691
|
|
Sparks (City of), NV (Tourism Improvement District No. 1); Series 2019 A, Ref. RB(e)
|
2.75%
|
06/15/2028
|
|
135
|
131,175
|
|
|
|
|
|
|
4,885,212
|
|
New Hampshire–1.05%
|
|||||
|
New Hampshire (State of) Business Finance Authority; Series 2020-1A, RB
|
4.13%
|
01/20/2034
|
|
216
|
212,567
|
|
New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-1A,
RB
|
4.38%
|
09/20/2036
|
|
1,207
|
1,171,061
|
|
New Hampshire (State of) Housing Finance Authority (Social Bonds);
|
|
|
|
|
|
|
Series 2023 D, RB (CEP - GNMA)
|
4.80%
|
07/01/2043
|
|
800
|
784,790
|
|
Series 2023 D, RB (CEP - GNMA)
|
5.13%
|
07/01/2053
|
|
1,940
|
1,940,327
|
|
|
|
|
|
|
4,108,745
|
|
New Jersey–5.06%
|
|||||
|
New Jersey (State of) Economic Development Authority; Series 2004 A, RB (INS - BHAC)(f)(g)
|
5.25%
|
07/01/2026
|
|
6,625
|
6,779,857
|
|
New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.);
|
|
|
|
|
|
|
Series 1999, RB(i)
|
5.25%
|
09/15/2029
|
|
295
|
295,082
|
|
Series 2012, RB(i)
|
5.75%
|
09/15/2027
|
|
400
|
400,286
|
|
New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement);
Series 2013, RB(i)
|
5.38%
|
01/01/2043
|
|
2,190
|
2,190,576
|
|
New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated
Group);
Series 2017, RB
|
4.00%
|
07/01/2047
|
|
2,865
|
2,509,354
|
|
New Jersey (State of) Transportation Trust Fund Authority;
|
|
|
|
|
|
|
Series 2022, RB(b)(o)
|
5.25%
|
12/15/2032
|
|
550
|
631,719
|
|
Series 2022, RB
|
5.25%
|
06/15/2046
|
|
520
|
533,347
|
|
Series 2024 CC, RB
|
5.25%
|
06/15/2055
|
|
920
|
941,926
|
|
New Jersey (State of) Turnpike Authority; Series 2025 A, RB
|
5.25%
|
01/01/2050
|
|
930
|
970,590
|
|
Tobacco Settlement Financing Corp.;
|
|
|
|
|
|
|
Series 2018 A, Ref. RB
|
5.00%
|
06/01/2046
|
|
2,195
|
2,167,464
|
|
Series 2018 A, Ref. RB
|
5.25%
|
06/01/2046
|
|
1,250
|
1,255,148
|
|
Series 2018 B, Ref. RB
|
5.00%
|
06/01/2046
|
|
1,215
|
1,166,435
|
|
|
|
|
|
|
19,841,784
|
|
New York–21.88%
|
|||||
|
Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB (LOC - Santander
Bank
N.A.)(e)(i)(p)
|
5.25%
|
12/31/2033
|
|
200
|
198,667
|
|
City of New York NY; Series 2025, RB(g)
|
5.25%
|
04/01/2047
|
|
1,130
|
1,173,519
|
|
Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB
|
5.00%
|
06/01/2045
|
|
2,070
|
1,808,967
|
|
Metropolitan Transportation Authority (Green Bonds);
|
|
|
|
|
|
|
Series 2016 A-1, RB
|
5.00%
|
11/15/2041
|
|
1,510
|
1,493,014
|
|
Series 2020 A-1, RB (INS - AGI)(f)
|
4.00%
|
11/15/2041
|
|
875
|
798,260
|
|
Series 2020 C-1, RB
|
5.25%
|
11/15/2055
|
|
995
|
1,009,976
|
|
New York & New Jersey (States of) Port Authority; Series 2020 221, RB(i)
|
4.00%
|
07/15/2060
|
|
1,750
|
1,406,030
|
|
New York (City of), NY;
|
|
|
|
|
|
|
Subseries 2022 D-1, GO Bonds(g)
|
5.25%
|
05/01/2038
|
|
1,015
|
1,094,721
|
|
Subseries 2022 D-1, GO Bonds(g)
|
5.25%
|
05/01/2042
|
|
1,725
|
1,747,041
|
|
New York (City of), NY Municipal Water Finance Authority;
|
|
|
|
|
|
|
Series 2020 BB-1, RB
|
4.00%
|
06/15/2050
|
|
1,250
|
1,075,022
|
|
Series 2020 BB-1, RB
|
5.00%
|
06/15/2050
|
|
3,630
|
3,673,472
|
|
New York (City of), NY Transitional Finance Authority;
|
|
|
|
|
|
|
Series 2018, VRD RB(l)
|
1.40%
|
08/01/2042
|
|
1,505
|
1,505,000
|
|
Series 2019 B-1, RB
|
4.00%
|
11/01/2045
|
|
1,405
|
1,257,061
|
|
Series 2023 F-1, RB
|
4.00%
|
02/01/2051
|
|
1,900
|
1,670,866
|
|
Series 2024 B, RB
|
4.38%
|
05/01/2053
|
|
1,640
|
1,509,851
|
|
New York (State of) Dormitory Authority;
|
|
|
|
|
|
|
Series 2018 A, Ref. RB
|
5.25%
|
03/15/2039
|
|
925
|
954,308
|
|
Series 2018 E, RB(g)
|
5.00%
|
03/15/2046
|
|
4,260
|
4,289,172
|
|
New York (State of) Dormitory Authority (Memorial Sloan Kettering Cancer); Series
2022 1-B, RB
|
4.00%
|
07/01/2051
|
|
2,725
|
2,345,547
|
|
New York (State of) Dormitory Authority (Northwell Health Obligated Group); Series
2024, Ref. RB
|
5.25%
|
05/01/2054
|
|
3,140
|
3,184,036
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
New York–(continued)
|
|||||
|
New York (State of) Power Authority (Green Bonds);
|
|
|
|
|
|
|
Series 2020 A, Ref. RB
|
4.00%
|
11/15/2045
|
|
$2,750
|
$2,480,284
|
|
Series 2020, RB(g)
|
4.00%
|
11/15/2055
|
|
3,130
|
2,648,560
|
|
New York (State of) Power Authority (Green Transmission) (Green Bonds); Series 2023,
RB (INS -
AGI)(f)
|
5.00%
|
11/15/2053
|
|
1,305
|
1,320,108
|
|
New York (State of) Thruway Authority;
|
|
|
|
|
|
|
Series 2019 B, RB
|
4.00%
|
01/01/2050
|
|
4,030
|
3,474,074
|
|
Series 2019 B, RB (INS - AGI)(f)
|
4.00%
|
01/01/2050
|
|
1,950
|
1,693,295
|
|
New York (State of) Thruway Authority (Group 3); Series 2021 A-1, Ref. RB
|
4.00%
|
03/15/2046
|
|
1,850
|
1,644,112
|
|
New York City Housing Development Corp. (Green Bonds); Series 2023, RB
|
4.80%
|
02/01/2053
|
|
945
|
928,388
|
|
New York Counties Tobacco Trust IV;
|
|
|
|
|
|
|
Series 2005 A, RB
|
5.00%
|
06/01/2045
|
|
210
|
179,840
|
|
Series 2010 A, RB(e)
|
6.25%
|
06/01/2041
|
|
982
|
941,809
|
|
New York Counties Tobacco Trust VI; Series 2016 A-1, Ref. RB
|
5.75%
|
06/01/2043
|
|
2,370
|
2,295,198
|
|
New York Liberty Development Corp. (3 World Trade Center); Series 2014-1, Ref. RB(e)
|
5.00%
|
11/15/2044
|
|
4,375
|
4,255,393
|
|
New York State Urban Development Corp. (Bidding Group 3); Series 2021 A, Ref. RB
|
4.00%
|
03/15/2045
|
|
1,245
|
1,110,167
|
|
New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy
International
Airport);
|
|
|
|
|
|
|
Series 2016, Ref. RB(i)
|
5.00%
|
08/01/2026
|
|
550
|
549,995
|
|
Series 2016, Ref. RB(i)
|
5.00%
|
08/01/2031
|
|
1,000
|
996,265
|
|
Series 2020, Ref. RB(i)
|
5.25%
|
08/01/2031
|
|
345
|
352,477
|
|
Series 2020, Ref. RB(i)
|
5.38%
|
08/01/2036
|
|
705
|
717,492
|
|
New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport
Terminals C&D
Redevelopment);
|
|
|
|
|
|
|
Series 2018, RB(i)
|
5.00%
|
01/01/2033
|
|
1,565
|
1,577,683
|
|
Series 2018, RB(i)
|
5.00%
|
01/01/2034
|
|
1,510
|
1,519,186
|
|
Series 2018, RB(i)
|
5.00%
|
01/01/2036
|
|
1,265
|
1,264,940
|
|
Series 2020, RB(i)
|
5.00%
|
10/01/2040
|
|
1,495
|
1,479,126
|
|
Series 2020, RB(i)
|
4.38%
|
10/01/2045
|
|
875
|
775,953
|
|
New York Transportation Development Corp. (John F. Kennedy International Airport New
Terminal
One) (Green Bonds);
|
|
|
|
|
|
|
Series 2023, RB(i)
|
5.38%
|
06/30/2060
|
|
1,620
|
1,612,719
|
|
Series 2024, RB (INS - AGI)(f)(i)
|
5.25%
|
06/30/2060
|
|
1,310
|
1,314,783
|
|
Series 2024, RB(i)
|
5.50%
|
06/30/2060
|
|
2,400
|
2,404,005
|
|
New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment);
|
|
|
|
|
|
|
Series 2016 A, RB(i)
|
5.00%
|
07/01/2046
|
|
2,465
|
2,399,140
|
|
Series 2016 A, RB(i)
|
5.25%
|
01/01/2050
|
|
2,355
|
2,294,661
|
|
New York Transportation Development Corp. (Terminal 4 JFK International Airport);
|
|
|
|
|
|
|
Series 2022, RB(i)
|
5.00%
|
12/01/2036
|
|
740
|
761,777
|
|
Series 2022, RB(i)
|
5.00%
|
12/01/2038
|
|
455
|
462,312
|
|
New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green
Bonds);
Series 2024, Ref. RB(i)
|
5.50%
|
12/31/2060
|
|
50
|
50,244
|
|
Rockland Tobacco Asset Securitization Corp.; Series 2001, RB
|
5.75%
|
08/15/2043
|
|
1,295
|
1,312,163
|
|
Triborough Bridge & Tunnel Authority; Series 2021 A-1, Ref. RB
|
5.00%
|
05/15/2051
|
|
1,295
|
1,307,950
|
|
Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels);
|
|
|
|
|
|
|
Series 2020 A, RB
|
5.00%
|
11/15/2054
|
|
565
|
566,660
|
|
Series 2021 A, RB
|
5.00%
|
11/15/2056
|
|
835
|
837,390
|
|
Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund); Series 2025, RB
|
5.50%
|
12/01/2059
|
|
375
|
395,851
|
|
Triborough Bridge & Tunnel Authority Sales Tax Revenue; Series 2025, RB(g)
|
5.25%
|
05/15/2062
|
|
3,920
|
3,991,616
|
|
TSASC, Inc.; Series 2016 B, Ref. RB
|
5.00%
|
06/01/2045
|
|
1,815
|
1,601,395
|
|
|
|
|
|
|
85,711,541
|
|
North Carolina–0.32%
|
|||||
|
North Carolina (State of) Housing Finance Agency (Social Bonds); Series 2023, RB (CEP
- GNMA)
|
4.90%
|
07/01/2043
|
|
725
|
715,547
|
|
North Carolina (State of) Turnpike Authority (Triangle Expressway System); Series
2024, RB (INS -
AGI)(f)(h)
|
0.00%
|
01/01/2053
|
|
2,250
|
534,442
|
|
|
|
|
|
|
1,249,989
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
North Dakota–0.36%
|
|||||
|
Ward (County of), ND (Trinity Obligated Group);
|
|
|
|
|
|
|
Series 2017 C, RB
|
5.00%
|
06/01/2048
|
|
$875
|
$806,393
|
|
Series 2017 C, RB
|
5.00%
|
06/01/2053
|
|
680
|
616,408
|
|
|
|
|
|
|
1,422,801
|
|
Ohio–5.98%
|
|||||
|
Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group);
Series 2016,
Ref. RB
|
5.25%
|
11/15/2046
|
|
645
|
646,231
|
|
Buckeye Tobacco Settlement Financing Authority;
|
|
|
|
|
|
|
Series 2020 A-2, Ref. RB
|
4.00%
|
06/01/2048
|
|
3,265
|
2,731,361
|
|
Series 2020 B-2, Ref. RB
|
5.00%
|
06/01/2055
|
|
6,505
|
5,637,159
|
|
Chillicothe (City of), OH (Adena Health System Obligated Group); Series 2017, Ref.
RB
|
5.00%
|
12/01/2037
|
|
920
|
927,680
|
|
Cleveland (City of), OH (Continental Airlines, Inc.); Series 1998, RB(i)
|
5.38%
|
09/15/2027
|
|
600
|
600,258
|
|
Columbus (City of) & Franklin (County of), OH Finance Authority (Easton); Series 2020,
RB(e)
|
5.00%
|
06/01/2028
|
|
355
|
356,629
|
|
Columbus Regional Airport Authority (John Glenn Columbus International Airport);
|
|
|
|
|
|
|
Series 2025, Ref. RB(i)
|
5.50%
|
01/01/2050
|
|
2,105
|
2,174,559
|
|
Series 2025, Ref. RB
|
5.25%
|
01/01/2055
|
|
600
|
618,498
|
|
Cuyahoga (County of), OH (MetroHealth System);
|
|
|
|
|
|
|
Series 2017, Ref. RB
|
5.25%
|
02/15/2047
|
|
875
|
854,291
|
|
Series 2017, Ref. RB
|
5.50%
|
02/15/2057
|
|
645
|
625,805
|
|
Fayette (County of), OH (Adena Health System Obligated Group); Series 2025, RB (INS
- AGI)(f)
|
5.25%
|
12/01/2049
|
|
725
|
736,509
|
|
Franklin (County of), OH (Nationwide Children’s Hospital); Series 2019, RB
|
5.00%
|
11/01/2048
|
|
1,010
|
1,038,731
|
|
Hamilton (County of), OH (Cincinnati Children’s Hospital); Series 2019 CC, RB
|
5.00%
|
11/15/2049
|
|
1,230
|
1,255,297
|
|
Hamilton (County of), OH (Life Enriching Communities); Series 2016, Ref. RB
|
5.00%
|
01/01/2046
|
|
2,495
|
2,387,605
|
|
Montgomery (County of), OH (Trousdale Foundation Properties); Series 2018 A, RB (Acquired
08/29/2018; Cost $807,152)(c)(d)(e)
|
6.00%
|
04/01/2038
|
|
823
|
10,293
|
|
Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB
|
5.00%
|
02/15/2044
|
|
690
|
651,477
|
|
Ohio (State of) (University Hospitals Health System, Inc.); Series 2020 A, Ref. RB
|
4.00%
|
01/15/2050
|
|
1,865
|
1,532,740
|
|
Ohio State University (The); Series 2024, RB
|
5.25%
|
12/01/2054
|
|
625
|
648,077
|
|
|
|
|
|
|
23,433,200
|
|
Oklahoma–2.24%
|
|||||
|
Oklahoma (State of) Development Finance Authority (OU Medicine); Series 2018 B, RB
|
5.50%
|
08/15/2052
|
|
2,825
|
2,786,040
|
|
Oklahoma (State of) Turnpike Authority; Series 2023, RB
|
5.50%
|
01/01/2053
|
|
1,960
|
2,048,294
|
|
Oklahoma (State of) Turnpike Authority (Senior Bonds); Series 2025 A, RB
|
5.50%
|
01/01/2054
|
|
1,395
|
1,484,429
|
|
Oklahoma (State of) Water Resources Board (2019 Master Trust); Series 2023, RB
|
4.13%
|
04/01/2053
|
|
665
|
585,432
|
|
Oklahoma Turnpike Authority; Series 2025, RB(g)
|
5.25%
|
01/01/2050
|
|
1,100
|
1,154,865
|
|
Tulsa (City of), OK Airports Improvement Trust;
|
|
|
|
|
|
|
Series 2000 A, Ref. RB(i)
|
5.50%
|
06/01/2035
|
|
250
|
250,057
|
|
Series 2001 C, Ref. RB(i)
|
5.50%
|
12/01/2035
|
|
475
|
475,091
|
|
|
|
|
|
|
8,784,208
|
|
Ontario–0.16%
|
|||||
|
Affordable Housing Tax-Exempt Bond Pass-Thru Trust; Series 2023-1, RB(e)
|
6.00%
|
10/05/2040
|
|
611
|
609,282
|
|
Oregon–1.02%
|
|||||
|
Clackamas (County of), OR Hospital Facility Authority (Rose Villa); Series 2020 A,
Ref. RB
|
5.38%
|
11/15/2055
|
|
375
|
343,677
|
|
Oregon (State of); Series 2019, GO Bonds(g)(k)
|
5.00%
|
08/01/2044
|
|
2,500
|
2,550,851
|
|
Portland (Port of), OR (Green Bonds); Twenty Ninth Series 2023, RB(i)
|
5.50%
|
07/01/2053
|
|
1,070
|
1,103,698
|
|
|
|
|
|
|
3,998,226
|
|
Pennsylvania–4.34%
|
|||||
|
Allegheny (County of), PA Airport Authority (Pittsburgh Airport); Series 2023 A, RB
(INS - AGI)(f)(i)
|
5.50%
|
01/01/2048
|
|
1,025
|
1,062,777
|
|
Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network
Obligated
Group Issue); Series 2018 A, Ref. RB
|
4.00%
|
04/01/2044
|
|
625
|
541,748
|
|
Coatesville School District; Series 2020 A, GO Bonds (INS - BAM)(f)(h)
|
0.00%
|
10/01/2036
|
|
500
|
289,188
|
|
Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); Series
2018, Ref. RB
|
5.00%
|
12/01/2025
|
|
500
|
499,578
|
|
Lancaster (County of), PA Hospital Authority (Penn State Health); Series 2021, RB
|
5.00%
|
11/01/2051
|
|
510
|
495,928
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Pennsylvania–(continued)
|
|||||
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major
Bridges);
|
|
|
|
|
|
|
Series 2022, RB(i)
|
5.25%
|
06/30/2053
|
|
$1,505
|
$1,470,285
|
|
Series 2022, RB (INS - AGI)(f)(i)
|
5.00%
|
12/31/2057
|
|
750
|
722,732
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC);
|
|
|
|
|
|
|
Series 2021 A, Ref. RB
|
4.00%
|
10/15/2037
|
|
690
|
655,383
|
|
Series 2023 A-2, RB
|
4.00%
|
05/15/2048
|
|
410
|
344,939
|
|
Pennsylvania (Commonwealth of) Turnpike Commission;
|
|
|
|
|
|
|
Series 2014 A, RB
|
4.75%
|
12/01/2037
|
|
740
|
747,804
|
|
Series 2014 A-2, RB
|
5.13%
|
12/01/2039
|
|
1,000
|
1,037,081
|
|
Series 2019 A, RB
|
5.00%
|
12/01/2049
|
|
165
|
166,303
|
|
Series 2020 B, RB
|
5.00%
|
12/01/2050
|
|
445
|
446,952
|
|
Series 2021 A, RB
|
4.00%
|
12/01/2050
|
|
680
|
592,534
|
|
Philadelphia (City of), PA;
|
|
|
|
|
|
|
Series 2017 B, Ref. RB(i)
|
5.00%
|
07/01/2042
|
|
1,335
|
1,320,965
|
|
Series 2017 B, Ref. RB(i)
|
5.00%
|
07/01/2047
|
|
610
|
600,645
|
|
Series 2021, Ref. RB (INS - AGI)(f)(i)
|
4.00%
|
07/01/2046
|
|
1,275
|
1,117,554
|
|
Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia);
Series 2024, RB
|
5.50%
|
07/01/2053
|
|
3,135
|
3,308,941
|
|
Philadelphia (City of), PA Authority for Industrial Development (St. Joseph’s University);
Series 2022, RB
|
5.50%
|
11/01/2060
|
|
1,255
|
1,284,566
|
|
Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter
School);
Series 2020, Ref. RB(e)
|
5.00%
|
06/15/2050
|
|
310
|
281,571
|
|
|
|
|
|
|
16,987,474
|
|
Puerto Rico–5.75%
|
|||||
|
Children’s Trust Fund;
|
|
|
|
|
|
|
Series 2002, RB
|
5.50%
|
05/15/2039
|
|
1,565
|
1,580,097
|
|
Series 2002, RB
|
5.63%
|
05/15/2043
|
|
1,110
|
1,122,775
|
|
Series 2005 A, RB(h)
|
0.00%
|
05/15/2050
|
|
4,515
|
822,876
|
|
Series 2005 B, RB(h)
|
0.00%
|
05/15/2055
|
|
2,000
|
233,838
|
|
Series 2008 A, RB(h)
|
0.00%
|
05/15/2057
|
|
14,115
|
847,312
|
|
Series 2008 B, RB(h)
|
0.00%
|
05/15/2057
|
|
28,010
|
1,581,722
|
|
Puerto Rico (Commonwealth of);
|
|
|
|
|
|
|
Series 2021 A-1, GO Bonds
|
5.63%
|
07/01/2027
|
|
875
|
898,208
|
|
Series 2021 A-1, GO Bonds
|
4.00%
|
07/01/2035
|
|
945
|
892,698
|
|
Series 2021 A-1, GO Bonds
|
4.00%
|
07/01/2037
|
|
740
|
683,978
|
|
Series 2021 A-1, GO Bonds
|
4.00%
|
07/01/2041
|
|
455
|
390,124
|
|
Subseries 2022, RN(h)
|
0.00%
|
11/01/2043
|
|
518
|
311,362
|
|
Puerto Rico (Commonwealth of) Electric Power Authority;
|
|
|
|
|
|
|
Series 2007 VV, Ref. RB (INS - AGI)(f)
|
5.25%
|
07/01/2031
|
|
1,645
|
1,633,786
|
|
Series 2007 VV, Ref. RB (INS - NATL)(f)
|
5.25%
|
07/01/2032
|
|
825
|
814,831
|
|
Puerto Rico Sales Tax Financing Corp.;
|
|
|
|
|
|
|
Series 2018 A-1, RB(h)
|
0.00%
|
07/01/2027
|
|
335
|
308,333
|
|
Series 2018 A-1, RB(h)
|
0.00%
|
07/01/2029
|
|
785
|
666,753
|
|
Series 2018 A-1, RB(h)
|
0.00%
|
07/01/2031
|
|
1,830
|
1,421,983
|
|
Series 2018 A-1, RB(h)
|
0.00%
|
07/01/2033
|
|
650
|
460,706
|
|
Series 2018 A-1, RB(h)
|
0.00%
|
07/01/2046
|
|
6,175
|
1,982,387
|
|
Series 2018 A-1, RB(h)
|
0.00%
|
07/01/2051
|
|
8,095
|
1,911,031
|
|
Series 2018 A-1, RB
|
4.75%
|
07/01/2053
|
|
1,138
|
1,042,174
|
|
Series 2018 A-1, RB
|
5.00%
|
07/01/2058
|
|
1,605
|
1,507,987
|
|
Series 2019 A-2, RB
|
4.33%
|
07/01/2040
|
|
920
|
859,110
|
|
Series 2019 A-2, RB
|
4.78%
|
07/01/2058
|
|
630
|
564,799
|
|
|
|
|
|
|
22,538,870
|
|
Rhode Island–0.58%
|
|||||
|
Tobacco Settlement Financing Corp.;
|
|
|
|
|
|
|
Series 2015 A, Ref. RB
|
5.00%
|
06/01/2035
|
|
530
|
530,212
|
|
Series 2015 B, Ref. RB
|
5.00%
|
06/01/2050
|
|
1,755
|
1,742,616
|
|
|
|
|
|
|
2,272,828
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
South Carolina–1.12%
|
|||||
|
Dorchester (County of), SC; Series 2023, RB
|
5.50%
|
10/01/2051
|
|
$1,000
|
$931,632
|
|
Patriots Energy Group Financing Agency; Series 2023 A-1, RB(b)
|
5.25%
|
08/01/2031
|
|
1,485
|
1,564,073
|
|
South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated
Group);
|
|
|
|
|
|
|
Series 2024, RB
|
5.50%
|
11/01/2050
|
|
380
|
393,929
|
|
Series 2024, RB
|
5.50%
|
11/01/2054
|
|
1,470
|
1,516,656
|
|
|
|
|
|
|
4,406,290
|
|
South Dakota–1.00%
|
|||||
|
South Dakota (State of) Health & Educational Facilities Authority (Avera Health);
Series 2017, Ref. RB
|
5.00%
|
07/01/2046
|
|
1,530
|
1,511,987
|
|
South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated
Group);
Series 2014 B, RB
|
5.00%
|
11/01/2044
|
|
1,670
|
1,627,639
|
|
South Dakota (State of) Housing Development Authority; Series 2023 G, RB (CEP - GNMA)
|
4.90%
|
11/01/2043
|
|
805
|
795,206
|
|
|
|
|
|
|
3,934,832
|
|
Tennessee–6.42%
|
|||||
|
Chattanooga (City of), TN Health, Educational & Housing Facility Board (Catholic Health
Services);
Series 2024, Ref. RB
|
5.25%
|
12/01/2049
|
|
435
|
437,987
|
|
Chattanooga (City of), TN Health, Educational & Housing Facility Board (CommonSpirit
Health);
Series 2019 A-2, Ref. RB
|
5.00%
|
08/01/2049
|
|
935
|
903,422
|
|
Greeneville (Town of), TN Health & Educational Facilities Board (Ballad Health Obligated
Group);
Series 2018 A, Ref. RB
|
5.00%
|
07/01/2037
|
|
1,345
|
1,366,246
|
|
Johnson City (City of), TN Health & Educational Facilities Board (Mountain States
Health Alliance);
Series 2000 A, Ref. RB (INS - NATL)(f)(h)
|
0.00%
|
07/01/2026
|
|
12,525
|
12,020,568
|
|
Kingsport (City of), TN; Series 2023, GO Bonds
|
4.13%
|
03/01/2053
|
|
1,560
|
1,403,694
|
|
Knox (County of) & Knoxville (City of), TN City Sports Authority; Series 2024, RB(g)
|
6.00%
|
12/01/2054
|
|
2,190
|
2,382,421
|
|
Knoxville (City of), TN; Series 2022 OO, RB
|
4.00%
|
07/01/2052
|
|
2,375
|
2,095,647
|
|
Memphis (City of) & Shelby (County of), TN Airport Authority; Series 2018, RB(i)
|
5.00%
|
07/01/2043
|
|
885
|
872,172
|
|
Metropolitan Nashville Airport Authority (The); Series 2019 B, RB(i)
|
5.00%
|
07/01/2054
|
|
715
|
698,666
|
|
Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational
Facilities
Board (The) (Lipscomb University); Series 2019 A, Ref. RB
|
5.00%
|
10/01/2037
|
|
1,000
|
1,013,851
|
|
Tennessee Energy Acquisition Corp.; Series 2021 A, RB(b)
|
5.00%
|
11/01/2031
|
|
1,875
|
1,944,771
|
|
|
|
|
|
|
25,139,445
|
|
Texas–17.10%
|
|||||
|
Aubrey Independent School District; Series 2022, GO Bonds (CEP - Texas Permanent School
Fund)
|
4.00%
|
02/15/2052
|
|
1,065
|
932,374
|
|
Austin (City of), TX; Series 2022, RB(i)
|
5.25%
|
11/15/2047
|
|
880
|
889,902
|
|
Caddo Mills Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent
School
Fund)
|
4.25%
|
02/15/2053
|
|
845
|
767,999
|
|
Central Texas Regional Mobility Authority; Series 2020 A, Ref. RB
|
5.00%
|
01/01/2049
|
|
735
|
738,695
|
|
City of San Antonio TX Electric & Gas Systems Revenue; Series 2025, RB(g)
|
5.25%
|
02/01/2046
|
|
975
|
1,016,993
|
|
Clifton Higher Education Finance Corp. (Idea Public Schools); Series 2021 T, RB (CEP
- Texas
Permanent School Fund)
|
4.00%
|
08/15/2047
|
|
910
|
811,008
|
|
Clifton Higher Education Finance Corp. (International Leadership of Texas); Series
2018 D, RB
|
5.75%
|
08/15/2033
|
|
1,250
|
1,253,187
|
|
Coppell Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent
School Fund)
|
4.13%
|
08/15/2048
|
|
755
|
692,405
|
|
Crowley Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent
School Fund)
|
4.25%
|
02/01/2053
|
|
1,260
|
1,144,298
|
|
Denton (County of), TX; Series 2023, Ref. GO Bonds
|
4.00%
|
07/15/2048
|
|
3,180
|
2,876,147
|
|
El Paso (City of), TX; Series 2022 A, RB
|
4.00%
|
03/01/2048
|
|
2,295
|
1,999,195
|
|
Grand Parkway Transportation Corp.; Series 2020, Ref. RB (INS - AGI)(f)
|
4.00%
|
10/01/2049
|
|
1,330
|
1,161,981
|
|
Greater Texoma Utility Authority (City of Sherman);
|
|
|
|
|
|
|
Series 2023 A, RB (INS - BAM)(f)
|
4.38%
|
10/01/2053
|
|
1,000
|
865,408
|
|
Series 2023, RB (INS - AGI)(f)
|
4.25%
|
10/01/2053
|
|
1,065
|
900,933
|
|
Houston (City of), TX; Series 2023 A, Ref. RB (INS - AGI)(f)(i)
|
5.25%
|
07/01/2048
|
|
1,290
|
1,310,215
|
|
Houston (City of), TX (United Airlines, Inc.); Series 2024 B, RB(i)
|
5.50%
|
07/15/2038
|
|
310
|
318,931
|
|
Houston (City of), TX Airport System (United Airlines, Inc. Terminal E); Series 2021
A, RB(i)
|
4.00%
|
07/01/2041
|
|
435
|
377,281
|
|
Houston (City of), TX Airport System (United Airlines, Inc.); Series 2018, RB(i)
|
5.00%
|
07/15/2028
|
|
375
|
376,672
|
|
Jarrell Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent
School Fund)
|
4.25%
|
02/15/2053
|
|
1,045
|
948,893
|
|
Lamar Consolidated Independent School District;
|
|
|
|
|
|
|
Series 2023 A, GO Bonds (CEP - Texas Permanent School Fund)
|
5.00%
|
02/15/2053
|
|
1,230
|
1,249,793
|
|
Series 2023, GO Bonds
|
4.00%
|
02/15/2053
|
|
1,390
|
1,171,429
|
|
Lockhart Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent
School Fund)
|
4.13%
|
08/01/2048
|
|
1,000
|
917,304
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Texas–(continued)
|
|||||
|
Lower Colorado River Authority (LCRA Transmission Services Corp.); Series 2022, Ref.
RB
|
5.50%
|
05/15/2047
|
|
$880
|
$917,352
|
|
Matagorda County Navigation District No. 1 (Houston Lighting & Power Co.); Series
1997, Ref. RB
(INS - AMBAC)(f)(i)
|
5.13%
|
11/01/2028
|
|
5,000
|
5,196,835
|
|
Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB(e)(i)
|
4.63%
|
10/01/2031
|
|
2,305
|
2,302,482
|
|
New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community);
|
|
|
|
|
|
|
Series 2021 A-1, RB (Acquired 11/24/2021; Cost $53,261)(d)
|
7.50%
|
11/15/2037
|
|
60
|
47,010
|
|
Series 2021, RB (Acquired 07/27/2007-05/15/2025; Cost $1,640,362)(d)
|
2.00%
|
11/15/2061
|
|
1,698
|
593,891
|
|
New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community);
Series 2016,
Ref. RB
|
5.00%
|
07/01/2046
|
|
1,080
|
947,832
|
|
New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College
Station I, LLC -
Texas A&M University); Series 2014 A, RB (INS - AGI)(f)
|
5.00%
|
04/01/2046
|
|
830
|
817,008
|
|
New Hope Cultural Education Facilities Finance Corp. (Children’s Health System of Texas);
Series 2017 A, Ref. RB
|
5.00%
|
08/15/2047
|
|
1,075
|
1,073,563
|
|
New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center); Series
2021, Ref.
RB(e)
|
4.00%
|
08/15/2051
|
|
920
|
705,533
|
|
New Hope Cultural Education Facilities Finance Corp. (Longhorn Village);
|
|
|
|
|
|
|
Series 2017, Ref. RB
|
5.00%
|
01/01/2042
|
|
370
|
352,479
|
|
Series 2017, Ref. RB
|
5.00%
|
01/01/2047
|
|
460
|
421,280
|
|
New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North);
|
|
|
|
|
|
|
Series 2018, Ref. RB
|
5.00%
|
10/01/2027
|
|
175
|
174,040
|
|
Series 2018, Ref. RB
|
5.00%
|
10/01/2028
|
|
1,000
|
992,338
|
|
Series 2020, RB
|
5.25%
|
10/01/2055
|
|
1,680
|
1,439,825
|
|
North East Texas Regional Mobility Authority; Series 2016 A, RB
|
5.00%
|
01/01/2041
|
|
1,895
|
1,884,459
|
|
San Antonio (City of), TX;
|
|
|
|
|
|
|
Series 2023 A, Ref. RB
|
5.50%
|
02/01/2050
|
|
930
|
982,489
|
|
Series 2024 A, RB
|
5.25%
|
02/01/2049
|
|
700
|
729,135
|
|
Series 2024 C, RB
|
5.50%
|
02/01/2049
|
|
635
|
676,067
|
|
San Antonio (City of), TX Water System; Series 2024 A, VRD GO Bonds(l)
|
1.45%
|
05/01/2054
|
|
4,000
|
4,000,000
|
|
Tarrant (County of), TX Hospital District;
|
|
|
|
|
|
|
Series 2023, GO Bonds
|
4.25%
|
08/15/2048
|
|
600
|
545,941
|
|
Series 2023, GO Bonds
|
4.25%
|
08/15/2053
|
|
1,705
|
1,502,169
|
|
Tarrant County Cultural Education Facilities Finance Corp. (Air Force Village Obligated
Group);
|
|
|
|
|
|
|
Series 2016, Ref. RB
|
5.00%
|
05/15/2037
|
|
1,790
|
1,734,328
|
|
Series 2016, Ref. RB
|
5.00%
|
05/15/2045
|
|
755
|
674,078
|
|
Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home);
Series 2017
A, RB (Acquired 12/15/2016; Cost $1,504,009)(c)(d)
|
6.38%
|
02/15/2048
|
|
1,490
|
968,500
|
|
Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks);
|
|
|
|
|
|
|
Series 2020, Ref. RB
|
6.63%
|
11/15/2041
|
|
60
|
53,308
|
|
Series 2020, Ref. RB
|
6.75%
|
11/15/2051
|
|
60
|
50,196
|
|
Series 2020, Ref. RB
|
6.88%
|
11/15/2055
|
|
60
|
50,370
|
|
Texas (State of) Transportation Commission; Series 2019, RB(h)
|
0.00%
|
08/01/2040
|
|
1,500
|
713,961
|
|
Texas (State of) Water Development Board;
|
|
|
|
|
|
|
Series 2022, RB(g)
|
5.00%
|
10/15/2047
|
|
2,510
|
2,560,113
|
|
Series 2023 A, RB
|
4.88%
|
10/15/2048
|
|
1,865
|
1,875,580
|
|
Texas Municipal Gas Acquisition & Supply Corp. I; Series 2008 D, RB
|
6.25%
|
12/15/2026
|
|
1,560
|
1,598,241
|
|
Texas Private Activity Bond Surface Transportation Corp.; Series 2023, Ref. RB(i)
|
5.50%
|
06/30/2041
|
|
1,150
|
1,177,855
|
|
Travis County Cultural Education Facilities Finance Corp. (Wayside Schools); Series
2012 A, RB
|
5.25%
|
08/15/2042
|
|
5
|
4,814
|
|
Waco (City of), TX; Series 2023 A, Ctfs. Of Obligations
|
4.00%
|
02/01/2053
|
|
1,855
|
1,618,755
|
|
Waller Consolidated Independent School District; Series 2023, GO Bonds (INS - BAM)(f)
|
4.00%
|
02/15/2053
|
|
2,510
|
2,099,276
|
|
Wylie Independent School District; Series 2024, GO Bonds (CEP - Texas Permanent School
Fund)(g)
|
5.25%
|
08/15/2054
|
|
2,665
|
2,775,685
|
|
|
|
|
|
|
66,977,831
|
|
Utah–2.28%
|
|||||
|
Black Desert Public Infrastructure District; Series 2021 A, GO Bonds(e)
|
4.00%
|
03/01/2051
|
|
500
|
388,341
|
|
Military Installation Development Authority; Series 2021 A-2, RB
|
4.00%
|
06/01/2052
|
|
500
|
389,379
|
|
Salt Lake City (City of), UT;
|
|
|
|
|
|
|
Series 2018 A, RB(i)
|
5.00%
|
07/01/2048
|
|
1,110
|
1,090,398
|
|
Series 2021 A, RB(i)
|
5.00%
|
07/01/2046
|
|
620
|
611,235
|
|
Series 2023 A, RB(i)
|
5.50%
|
07/01/2053
|
|
2,180
|
2,241,365
|
|
Utah (County of), UT (IHC Health Services, Inc.); Series 2016 B, RB
|
4.00%
|
05/15/2047
|
|
1,515
|
1,302,600
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Utah–(continued)
|
|||||
|
Utah (State of) Charter School Finance Authority (Ogden Preparatory Academy); Series
2022 A, Ref.
RB
|
4.50%
|
10/15/2052
|
|
$1,055
|
$931,153
|
|
Utah Housing Corp.; Series 2024 A, RB (CEP - GNMA)
|
4.90%
|
01/01/2049
|
|
1,165
|
1,156,060
|
|
Utah Telecommunication Open Infrastructure Agency; Series 2022, Ref. RB
|
4.38%
|
06/01/2040
|
|
835
|
836,423
|
|
|
|
|
|
|
8,946,954
|
|
Virginia–2.36%
|
|||||
|
Hampton (City of), VA Roads Transportation Accountability Commission; Series 2022
A, RB
|
4.00%
|
07/01/2052
|
|
1,560
|
1,335,975
|
|
Isle Wight (County of), VA Economic Development Authority (Riverside Health System);
Series 2023,
RB (INS - AGI)(f)
|
5.25%
|
07/01/2053
|
|
2,260
|
2,288,014
|
|
Peninsula Town Center Community Development Authority; Series 2018, Ref. RB(e)
|
5.00%
|
09/01/2045
|
|
250
|
232,272
|
|
Virginia (Commonwealth of) Housing Development Authority; Series 2023 F, RB (CEP -
Federal
Housing Administration)
|
5.25%
|
11/01/2053
|
|
870
|
885,707
|
|
Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes);
|
|
|
|
|
|
|
Series 2022, Ref. RB(i)
|
5.00%
|
12/31/2047
|
|
1,050
|
1,053,479
|
|
Series 2022, Ref. RB(i)
|
5.00%
|
12/31/2057
|
|
590
|
573,039
|
|
Virginia (Commonwealth of) Small Business Financing Authority (Transform 66 P3);
|
|
|
|
|
|
|
Series 2017, RB(i)
|
5.00%
|
12/31/2049
|
|
610
|
577,361
|
|
Series 2017, RB(i)
|
5.00%
|
12/31/2056
|
|
2,505
|
2,317,005
|
|
|
|
|
|
|
9,262,852
|
|
Washington–3.16%
|
|||||
|
Grant (County of), WA; Series 2025, GO Bonds (INS - BAM)(f)
|
5.50%
|
12/01/2060
|
|
680
|
716,314
|
|
Kalispel Tribe of Indians; Series 2018 B, RB(e)
|
5.00%
|
01/01/2032
|
|
700
|
712,405
|
|
Seattle (City of), WA; Series 2022, Ref. RB
|
5.00%
|
07/01/2052
|
|
1,865
|
1,884,898
|
|
Tacoma (City of), WA; Series 2022, RB
|
4.00%
|
12/01/2047
|
|
2,070
|
1,870,196
|
|
Washington (State of) (Bid Group 2); Series 2024 A, GO Bonds
|
5.00%
|
08/01/2046
|
|
635
|
653,997
|
|
Washington (State of) (Bid Group 3); Series 2023 B, GO Bonds
|
5.00%
|
02/01/2047
|
|
280
|
287,432
|
|
Washington (State of) Convention Center Public Facilities District; Series 2018, RB
|
5.00%
|
07/01/2048
|
|
2,605
|
2,524,039
|
|
Washington (State of) Health Care Facilities Authority (Seattle Cancer Care Alliance);
|
|
|
|
|
|
|
Series 2020, Ref. RB
|
4.00%
|
09/01/2045
|
|
925
|
802,824
|
|
Series 2020, Ref. RB
|
5.00%
|
09/01/2055
|
|
1,000
|
973,552
|
|
Washington (State of) Housing Finance Commission (Bayview Manor Homes);
|
|
|
|
|
|
|
Series 2016 A, Ref. RB(e)
|
5.00%
|
07/01/2046
|
|
325
|
288,773
|
|
Series 2016 A, Ref. RB(e)
|
5.00%
|
07/01/2051
|
|
270
|
233,125
|
|
Washington (State of) Housing Finance Commission (Social Certificates); Series 2021-1A,
Revenue
Ctfs.
|
3.50%
|
12/20/2035
|
|
873
|
810,933
|
|
Washington State Housing Finance Commission; Series 2025, RB (INS - BAM)(e)(f)
|
5.25%
|
07/01/2064
|
|
625
|
606,470
|
|
|
|
|
|
|
12,364,958
|
|
West Virginia–0.48%
|
|||||
|
Monongalia (County of), WV Commission Special District (University Town Centre Economic
Opportunity Development District); Series 2020, Ref. RB(e)
|
7.50%
|
06/01/2043
|
|
615
|
646,852
|
|
West Virginia (State of) Hospital Finance Authority (West Virginia University Health
System Obligated
Group); Series 2023, RB
|
4.25%
|
06/01/2047
|
|
1,340
|
1,234,311
|
|
|
|
|
|
|
1,881,163
|
|
Wisconsin–4.45%
|
|||||
|
Wisconsin (State of) Center District;
|
|
|
|
|
|
|
Series 2020 D, RB (INS - AGI)(f)(h)
|
0.00%
|
12/15/2050
|
|
4,885
|
1,340,062
|
|
Series 2020, RB (INS - AGI)(f)(h)
|
0.00%
|
12/15/2060
|
|
15,085
|
2,405,765
|
|
Series 2022, RB(e)
|
5.25%
|
12/15/2061
|
|
1,280
|
1,198,678
|
|
Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated
Group);
Series 2021, RB
|
4.00%
|
08/15/2051
|
|
2,085
|
1,732,049
|
|
Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health);
Series 2022 A, Ref.
RB
|
4.00%
|
04/01/2042
|
|
1,875
|
1,697,481
|
|
Wisconsin (State of) Health & Educational Facilities Authority (Medical College of
Wisconsin);
Series 2022, Ref. RB
|
4.00%
|
12/01/2051
|
|
1,150
|
990,554
|
|
Wisconsin (State of) Housing & Economic Development Authority; Series 2023 D, RB
|
4.95%
|
11/01/2054
|
|
460
|
460,443
|
|
Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); Series
2017, RB(e)
|
6.75%
|
08/01/2031
|
|
685
|
614,788
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Wisconsin–(continued)
|
|||||
|
Wisconsin (State of) Public Finance Authority (Explore Academy);
|
|
|
|
|
|
|
Series 2020 A, RB(e)
|
6.13%
|
02/01/2050
|
|
$310
|
$300,893
|
|
Series 2022 A, RB(e)
|
6.13%
|
02/01/2050
|
|
335
|
325,159
|
|
Wisconsin (State of) Public Finance Authority (Mallard Creek STEM Academy); Series
2019 A, RB(e)
|
5.13%
|
06/15/2039
|
|
465
|
454,411
|
|
Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center);
Series 2018 A-1,
RB(e)
|
6.38%
|
01/01/2048
|
|
490
|
220,500
|
|
Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.);
|
|
|
|
|
|
|
Series 2018 A, RB
|
5.20%
|
12/01/2037
|
|
1,255
|
1,275,619
|
|
Series 2018 A, RB
|
5.35%
|
12/01/2045
|
|
1,255
|
1,261,840
|
|
Wisconsin (State of) Public Finance Authority (Rans-Bridgewater); Series 2024, RB(e)
|
5.63%
|
12/15/2030
|
|
713
|
704,036
|
|
Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences);
Series 2015,
Ref. RB
|
5.75%
|
04/01/2035
|
|
670
|
670,302
|
|
Wisconsin (State of) Public Finance Authority (Wakemed Hospital); Series 2019 A, Ref.
RB
|
5.00%
|
10/01/2044
|
|
1,810
|
1,772,137
|
|
|
|
|
|
|
17,424,717
|
|
Wyoming–0.19%
|
|||||
|
University of Wyoming; Series 2021 C, RB (INS - AGI)(f)
|
4.00%
|
06/01/2044
|
|
805
|
733,058
|
|
Total Municipal Obligations (Cost $647,066,242)
|
|
622,096,955
|
|||
|
|
|
|
Shares
|
|
|
|
Exchange-Traded Funds–0.19%
|
|||||
|
Invesco Rochester High Yield Municipal ETF
(Cost $758,488)(q)
|
|
|
|
14,890
|
745,918
|
|
TOTAL INVESTMENTS IN SECURITIES(r)–158.98% (Cost $647,824,730)
|
|
622,842,873
|
|||
|
FLOATING RATE NOTE OBLIGATIONS–(13.25)%
|
|
|
|||
|
Notes with interest and fee rates ranging from 2.32% to 2.70% at 05/31/2025 and
contractual maturities of collateral ranging from 07/01/2026 to 05/15/2062(s)
|
|
|
|
|
(51,905,000
)
|
|
VARIABLE RATE MUNI TERM PREFERRED SHARES–(46.85)%
|
|
(183,545,234
)
|
|||
|
OTHER ASSETS LESS LIABILITIES–1.12%
|
|
4,370,011
|
|||
|
NET ASSETS APPLICABLE TO COMMON SHARES–100.00%
|
|
$391,762,650
|
|||
|
AGI
|
– Assured Guaranty Inc.
|
|
AMBAC
|
– American Municipal Bond Assurance Corp.
|
|
BAM
|
– Build America Mutual Assurance Co.
|
|
BHAC
|
– Berkshire Hathaway Assurance Corp.
|
|
CEP
|
– Credit Enhancement Provider
|
|
Ctfs.
|
– Certificates
|
|
ETF
|
– Exchange-Traded Fund
|
|
FHLMC
|
– Federal Home Loan Mortgage Corp.
|
|
GNMA
|
– Government National Mortgage Association
|
|
GO
|
– General Obligation
|
|
IDR
|
– Industrial Development Revenue Bonds
|
|
INS
|
– Insurer
|
|
LOC
|
– Letter of Credit
|
|
NATL
|
– National Public Finance Guarantee Corp.
|
|
RAC
|
– Revenue Anticipation Certificates
|
|
RB
|
– Revenue Bonds
|
|
Ref.
|
– Refunding
|
|
RN
|
– Revenue Notes
|
|
VRD
|
– Variable Rate Demand
|
|
(a)
|
Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage.
|
|
(b)
|
Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity
date reflects such call or put.
|
|
(c)
|
Defaulted security. Currently, the issuer is in default with respect to principal
and/or interest payments. The aggregate value of these securities at May 31, 2025
was $2,795,285, which represented less than 1% of the Trust’s Net Assets.
|
|
(d)
|
Restricted security. The aggregate value of these securities at May 31, 2025 was $4,076,034, which represented 1.04% of the Trust’s Net Assets.
|
|
(e)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
May 31, 2025 was $32,562,417, which represented 8.31% of the Trust’s Net Assets.
|
|
(f)
|
Principal and/or interest payments are secured by the bond insurance company listed.
|
|
(g)
|
Underlying security related to TOB Trusts entered into by the Trust.
|
|
(h)
|
Zero coupon bond issued at a discount.
|
|
(i)
|
Security subject to the alternative minimum tax.
|
|
(j)
|
Convertible capital appreciation bond. The interest rate shown represents the coupon
rate at which the bond will accrue at a specified future date.
|
|
(k)
|
Security is subject to a reimbursement agreement which may require the Trust to pay
amounts to a counterparty in the event of a significant decline in the market
value of the security underlying the TOB Trusts. In case of a shortfall, the maximum
potential amount of payments the Trust could ultimately be required to make
under the agreement is $6,985,000. However, such shortfall payment would be reduced
by the proceeds from the sale of the security underlying the TOB Trusts.
|
|
(l)
|
Demand security payable upon demand by the Trust at specified time intervals no greater
than thirteen months. Interest rate is redetermined periodically by the
issuer or agent based on current market conditions. Rate shown is the rate in effect
on May 31, 2025.
|
|
(m)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(n)
|
The issuer is paying less than stated interest, but is not in default on principal
because scheduled principal payments have not yet begun.
|
|
(o)
|
Advance refunded; secured by an escrow fund of U.S. Government obligations or other
highly rated collateral.
|
|
(p)
|
Principal and interest payments are fully enhanced by a letter of credit from the
bank listed or a predecessor bank, branch or subsidiary.
|
|
(q)
|
Affiliated holding. Affiliated holdings are investments in entities which are under
common ownership or control of Invesco Ltd. or are investments in entities in
which the Trust owns 5% or more of the outstanding voting securities. The table below shows the Trust’s transactions in, and earnings from, its investments in
affiliates for the three months ended May 31, 2025.
|
|
|
Value
February 28, 2025
|
Purchases
at Cost
|
Proceeds
from Sales
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Realized
Gain
|
Value
May 31, 2025
|
Dividend Income
|
|
Invesco Rochester High Yield Municipal ETF
|
$768,294
|
$-
|
$-
|
$(22,376)
|
$-
|
$745,918
|
$8,498
|
|
(r)
|
This table provides a listing of those entities that have either issued, guaranteed,
backed or otherwise enhanced the credit quality of more than 5% of the
securities held in the portfolio. In instances where the entity has guaranteed, backed
or otherwise enhanced the credit quality of a security, it is not primarily
responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations.
|
|
Entity
|
Percent
|
|
Assured Guaranty Inc.
|
5.37
%
|
|
(s)
|
Floating rate note obligations related to securities held. The interest and fee rates
shown reflect the rates in effect at May 31, 2025. At May 31, 2025, the
Trust’s investments with a value of $70,660,100 are held by TOB Trusts and serve as collateral for the $51,905,000 in the floating rate note obligations
outstanding at that date.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Municipal Obligations
|
$—
|
$621,732,785
|
$364,170
|
$622,096,955
|
|
Exchange-Traded Funds
|
745,918
|
—
|
—
|
745,918
|
|
Total Investments in Securities
|
745,918
|
621,732,785
|
364,170
|
622,842,873
|
|
Other Investments - Assets
|
|
|
|
|
|
Investments Matured
|
—
|
217,750
|
—
|
217,750
|
|
Total Investments
|
$745,918
|
$621,950,535
|
$364,170
|
$623,060,623
|