|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Municipal Obligations–151.19%(a)
|
|||||
|
New York–149.18%
|
|
|
|||
|
Albany Capital Resource Corp. (College of Siant Rose (The)); Series 2021, Ref. RB
(Acquired
10/28/2021; Cost $635,790)(b)(c)
|
4.00%
|
07/01/2051
|
|
$605
|
$319,138
|
|
Albany Capital Resource Corp. (KIPP Capital Region Public Charter Schools); Series
2024, RB
|
5.00%
|
06/01/2064
|
|
150
|
139,742
|
|
Amherst Development Corp. (Daemen College); Series 2018, Ref. RB
|
5.00%
|
10/01/2048
|
|
980
|
871,071
|
|
Brookhaven Local Development Corp. (Jefferson’s Ferry); Series 2016, Ref. RB
|
5.25%
|
11/01/2036
|
|
1,010
|
1,022,750
|
|
Brooklyn Arena Local Development Corp. (Barclays Center); Series 2009, RB(d)
|
0.00%
|
07/15/2034
|
|
5,000
|
3,390,745
|
|
Buffalo & Erie County Industrial Land Development Corp. (Orchard Park); Series 2015,
Ref. RB
|
5.00%
|
11/15/2037
|
|
2,000
|
2,001,447
|
|
Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School);
|
|
|
|
|
|
|
Series 2017 A, RB
|
5.00%
|
08/01/2037
|
|
375
|
374,990
|
|
Series 2017 A, RB
|
5.00%
|
08/01/2047
|
|
1,000
|
937,473
|
|
Build NYC Resource Corp.;
|
|
|
|
|
|
|
Series 2025, RB(e)
|
5.63%
|
07/01/2045
|
|
90
|
88,252
|
|
Series 2025, RB(f)
|
5.50%
|
07/01/2050
|
|
250
|
254,245
|
|
Series 2025, RB(f)
|
5.50%
|
07/01/2055
|
|
250
|
252,620
|
|
Series 2025, RB(e)
|
6.00%
|
07/01/2060
|
|
100
|
99,944
|
|
Build NYC Resource Corp. (Bay Ridge Preperatory School); Series 2024, RB(e)
|
5.00%
|
09/01/2044
|
|
100
|
92,934
|
|
Build NYC Resource Corp. (Children’s Aid Society (The)); Series 2019, RB
|
4.00%
|
07/01/2044
|
|
555
|
479,058
|
|
Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds);
Series 2022,
RB(e)
|
5.75%
|
06/01/2052
|
|
50
|
48,673
|
|
Build NYC Resource Corp. (Grand Concourse Academy Charter School); Series 2022 A,
RB
|
5.00%
|
07/01/2056
|
|
100
|
91,160
|
|
Build NYC Resource Corp. (KIPP NYC Public School) (Social Bonds); Series 2023, RB
|
5.25%
|
07/01/2062
|
|
1,000
|
978,628
|
|
Build NYC Resource Corp. (Pratt Paper, Inc.); Series 2014, Ref. RB(e)(f)
|
5.00%
|
01/01/2035
|
|
500
|
500,130
|
|
Build NYC Resource Corp. (Success Academy Charter Schools); Series 2024, RB
|
4.00%
|
09/01/2044
|
|
150
|
133,632
|
|
Build NYC Resource Corp. (The Chapin School, Ltd.); Series 2017, Ref. RB
|
5.00%
|
11/01/2047
|
|
50
|
51,317
|
|
Build NYC Resource Corp. (The Children’s Aid Society); Series 2015, RB
|
5.00%
|
07/01/2045
|
|
2,840
|
2,675,803
|
|
Build NYC Resource Corp. (Whin Music Community Charter School); Series 2022, RB(e)
|
6.50%
|
07/01/2057
|
|
1,000
|
965,591
|
|
Dutchess County Local Development Corp. (Health Quest Systems, Inc.); Series 2016
B, RB
|
5.00%
|
07/01/2046
|
|
500
|
476,801
|
|
Dutchess County Local Development Corp. (Social Bonds); Series 2023, RB (CEP - FNMA)
|
5.00%
|
10/01/2040
|
|
420
|
429,975
|
|
Genesee County Funding Corp. (The) (Rochester Regional Health Obligated Group); Series
2022 A, Ref.
RB
|
5.25%
|
12/01/2052
|
|
1,000
|
994,427
|
|
Long Island (City of), NY Power Authority (Green Bonds); Series 2023 E, RB
|
5.00%
|
09/01/2053
|
|
500
|
506,000
|
|
Metropolitan Transportation Authority; Series 2016 C-1, RB
|
5.25%
|
11/15/2056
|
|
150
|
149,917
|
|
Metropolitan Transportation Authority (Green Bonds);
|
|
|
|
|
|
|
Series 2017 B-1, RB
|
5.25%
|
11/15/2057
|
|
3,000
|
3,025,743
|
|
Series 2017 C-2, Ref. RB(d)
|
0.00%
|
11/15/2040
|
|
5,000
|
2,349,989
|
|
Series 2024, Ref. RB
|
5.00%
|
11/15/2050
|
|
4,000
|
4,087,616
|
|
Monroe County Industrial Development Corp. (Eugenio Maria De Hostos Charter School);
Series 2024,
RB(e)
|
5.00%
|
07/01/2044
|
|
320
|
288,456
|
|
Monroe County Industrial Development Corp. (St. Ann’s Community); Series 2019, Ref. RB
|
5.00%
|
01/01/2050
|
|
850
|
702,660
|
|
Monroe County Industrial Development Corp. (St. John Fisher College);
|
|
|
|
|
|
|
Series 2024, Ref. RB
|
5.25%
|
06/01/2049
|
|
35
|
36,023
|
|
Series 2024, Ref. RB
|
5.25%
|
06/01/2054
|
|
100
|
101,851
|
|
MTA Hudson Rail Yards Trust Obligations;
|
|
|
|
|
|
|
Series 2016 A, RB
|
5.00%
|
11/15/2051
|
|
3,110
|
3,061,859
|
|
Series 2016 A, RB
|
5.00%
|
11/15/2056
|
|
7,000
|
6,822,855
|
|
Nassau (County of), NY; Series 2024 A, GO Bonds
|
4.00%
|
04/01/2054
|
|
250
|
214,200
|
|
Nassau (County of), NY Industrial Development Agency(d)
|
0.00%
|
01/01/2058
|
|
1,219
|
12
|
|
Nassau County Local Economic Assistance Corp. (Catholic Health Services of Long Island
Obligated
Group); Series 2014, RB
|
5.00%
|
07/01/2033
|
|
750
|
750,088
|
|
Nassau County Tobacco Settlement Corp.; Series 2006 A-3, RB
|
5.00%
|
06/01/2035
|
|
1,250
|
1,124,467
|
|
New York & New Jersey (States of) Port Authority;
|
|
|
|
|
|
|
One Hundred Ninety Third Series 2015, Ref. RB(f)
|
5.00%
|
10/15/2034
|
|
250
|
250,476
|
|
Series 2024, Ref. RB
|
5.00%
|
07/15/2054
|
|
500
|
510,544
|
|
Two Hundred Forty Six Series 2024, Ref. RB(f)
|
5.00%
|
09/01/2043
|
|
250
|
253,241
|
|
Two Hundred Thirty-First Series 2022, Ref. RB(f)
|
5.50%
|
08/01/2047
|
|
8,000
|
8,282,142
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
New York–(continued)
|
|||||
|
New York (City of), NY;
|
|
|
|
|
|
|
Series 2020 D-1, GO Bonds
|
4.00%
|
03/01/2050
|
|
$5,100
|
$4,397,362
|
|
Series 2021 A-1, GO Bonds
|
4.00%
|
08/01/2050
|
|
500
|
430,684
|
|
Subseries 2022 D-1, GO Bonds(g)
|
5.25%
|
05/01/2043
|
|
1,700
|
1,773,580
|
|
Subseries 2025 G-1, GO Bonds
|
5.25%
|
02/01/2053
|
|
250
|
259,552
|
|
New York (City of), NY Industrial Development Agency (Yankee Stadium); Series 2020,
Ref. RB (INS -
AGI)(h)
|
3.00%
|
03/01/2049
|
|
300
|
211,341
|
|
New York (City of), NY Municipal Water Finance Authority;
|
|
|
|
|
|
|
Series 2020 AA-2, RB
|
4.00%
|
06/15/2043
|
|
2,500
|
2,291,510
|
|
Series 2021 CC-1, RB
|
4.00%
|
06/15/2051
|
|
6,000
|
5,121,985
|
|
Series 2022 CC-1, RB
|
4.00%
|
06/15/2052
|
|
3,000
|
2,541,883
|
|
Series 2024 AA, RB
|
4.00%
|
06/15/2054
|
|
250
|
210,640
|
|
Series 2025 BB, RB
|
5.25%
|
06/15/2055
|
|
500
|
520,436
|
|
Subseries 2024 BB-2, Ref. RB
|
5.25%
|
06/15/2047
|
|
750
|
785,859
|
|
Subseries 2024 CC-1, RB
|
5.25%
|
06/15/2054
|
|
1,200
|
1,246,133
|
|
New York (City of), NY Transitional Finance Authority;
|
|
|
|
|
|
|
Series 2018 C-3, RB
|
4.00%
|
05/01/2045
|
|
2,565
|
2,283,116
|
|
Series 2019, RB
|
4.00%
|
11/01/2042
|
|
8,000
|
7,404,159
|
|
Series 2020, RB
|
4.00%
|
05/01/2046
|
|
2,000
|
1,776,640
|
|
Series 2021 B-1, RB
|
4.00%
|
08/01/2042
|
|
1,000
|
921,986
|
|
Series 2023 A, RB
|
4.00%
|
05/01/2045
|
|
2,000
|
1,792,209
|
|
Series 2024, RB
|
4.13%
|
05/01/2052
|
|
1,000
|
881,068
|
|
Series 2025 E, RB
|
4.13%
|
11/01/2053
|
|
1,000
|
877,937
|
|
Series 2025 H, RB
|
4.50%
|
11/01/2052
|
|
1,000
|
942,343
|
|
Subseries 2016 F-3, RB
|
3.25%
|
02/01/2041
|
|
1,535
|
1,265,678
|
|
New York (State of) Dormitory Authority;
|
|
|
|
|
|
|
Series 2011, RB
|
5.00%
|
10/01/2025
|
|
20
|
20,027
|
|
Series 2015 A, Ref. RB(g)
|
5.00%
|
07/01/2048
|
|
10,000
|
10,005,983
|
|
Series 2015, Ref. RB
|
5.00%
|
07/01/2043
|
|
535
|
523,191
|
|
Series 2020 A, Ref. RB
|
4.00%
|
03/15/2048
|
|
2,000
|
1,744,200
|
|
Series 2020 D, Ref. RB
|
4.00%
|
02/15/2047
|
|
300
|
262,587
|
|
Series 2022, RB(g)
|
4.00%
|
03/15/2049
|
|
6,500
|
5,597,411
|
|
Series 2024 A, GO Bonds
|
5.00%
|
03/15/2055
|
|
500
|
508,383
|
|
Series 2024 A, RB
|
5.50%
|
05/01/2049
|
|
50
|
50,931
|
|
Series 2024 A, RB
|
5.50%
|
05/01/2056
|
|
150
|
151,641
|
|
Series 2024 A, Ref. RB
|
4.00%
|
03/15/2054
|
|
2,105
|
1,799,247
|
|
Series 2024 B, Ref. RB
|
4.00%
|
03/15/2054
|
|
500
|
428,100
|
|
Series 2025 B, Ref. RB
|
5.00%
|
03/15/2052
|
|
1,500
|
1,527,952
|
|
New York (State of) Dormitory Authority (Barnard College); Series 2025 A, Ref. RB
|
5.00%
|
07/01/2055
|
|
100
|
96,920
|
|
New York (State of) Dormitory Authority (City of New York); Series 2005 A, RB (INS
- AMBAC)(h)
|
5.50%
|
05/15/2031
|
|
445
|
507,245
|
|
New York (State of) Dormitory Authority (Fashion Institute of Technology Student Housing
Corp.);
Series 2007, RB (INS - NATL)(h)
|
5.25%
|
07/01/2028
|
|
2,065
|
2,107,482
|
|
New York (State of) Dormitory Authority (Icahn School of Medicine at Mount Sinai);
Series 2015, Ref.
RB
|
5.00%
|
07/01/2045
|
|
2,835
|
2,692,025
|
|
New York (State of) Dormitory Authority (Montefiore Obligated Group); Series 2024,
RB
|
5.50%
|
11/01/2044
|
|
200
|
208,033
|
|
New York (State of) Dormitory Authority (New School (The)); Series 2022 A, Ref. RB
|
4.00%
|
07/01/2047
|
|
235
|
198,794
|
|
New York (State of) Dormitory Authority (New York University);
|
|
|
|
|
|
|
Series 2001-1, RB (INS - BHAC)(h)
|
5.50%
|
07/01/2031
|
|
1,115
|
1,208,682
|
|
Series 2025 A, Ref. RB
|
5.25%
|
07/01/2055
|
|
500
|
516,837
|
|
New York (State of) Dormitory Authority (Northwell Health Obligated Group); Series
2024, Ref. RB
|
5.25%
|
05/01/2054
|
|
1,600
|
1,622,439
|
|
New York (State of) Dormitory Authority (Rochester Institute of Technology);
|
|
|
|
|
|
|
Series 2019 A, RB
|
4.00%
|
07/01/2044
|
|
1,985
|
1,761,932
|
|
Series 2019 A, RB
|
5.00%
|
07/01/2049
|
|
1,410
|
1,406,713
|
|
New York (State of) Dormitory Authority (White Plains Hospital Obligated Group);
|
|
|
|
|
|
|
Series 2024, RB
|
5.25%
|
10/01/2049
|
|
150
|
150,260
|
|
Series 2024, RB (INS - AGI)(h)
|
5.50%
|
10/01/2054
|
|
1,395
|
1,457,814
|
|
New York (State of) Dormitory Authority (Yeshiva University); Series 2022 A, Ref.
RB
|
5.00%
|
07/15/2050
|
|
1,000
|
963,942
|
|
New York (State of) Housing Finance Agency (Green Bonds); Series 2024 A-1, RB
|
5.00%
|
06/15/2054
|
|
300
|
300,116
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
New York–(continued)
|
|||||
|
New York (State of) Mortgage Agency (Social Bonds);
|
|
|
|
|
|
|
Series 2023 252, RB
|
4.45%
|
10/01/2043
|
|
$75
|
$74,230
|
|
Series 2023 252, RB
|
4.55%
|
10/01/2048
|
|
125
|
117,210
|
|
Series 2023 252, RB
|
4.65%
|
10/01/2053
|
|
150
|
139,008
|
|
New York (State of) Power Authority (Green Bonds);
|
|
|
|
|
|
|
Series 2020 A, Ref. RB
|
4.00%
|
11/15/2060
|
|
2,000
|
1,671,211
|
|
Series 2024 A, RB
|
4.00%
|
11/15/2054
|
|
250
|
212,295
|
|
New York (State of) Power Authority (Green Transmission) (Green Bonds); Series 2023,
RB (INS - AGI)(h)
|
5.13%
|
11/15/2063
|
|
1,000
|
1,013,776
|
|
New York (State of) Thruway Authority; Series 2019 B, RB
|
4.00%
|
01/01/2050
|
|
2,000
|
1,724,106
|
|
New York City Housing Development Corp. (Green Bonds);
|
|
|
|
|
|
|
Series 2023, RB
|
4.80%
|
02/01/2053
|
|
1,620
|
1,591,523
|
|
Series 2024 C-1, RB
|
4.50%
|
08/01/2054
|
|
500
|
467,155
|
|
Series 2025 A-1, RB
|
4.80%
|
11/01/2055
|
|
750
|
730,836
|
|
New York Convention Center Development Corp. (Hotel Unit Fee Secured);
|
|
|
|
|
|
|
Series 2015, Ref. RB
|
5.00%
|
11/15/2040
|
|
1,965
|
1,965,902
|
|
Series 2016 B, RB(d)
|
0.00%
|
11/15/2044
|
|
1,730
|
608,953
|
|
Series 2016, RB(d)
|
0.00%
|
11/15/2056
|
|
4,000
|
682,166
|
|
New York Counties Tobacco Trust IV; Series 2010 A, RB(e)
|
6.25%
|
06/01/2041
|
|
855
|
820,007
|
|
New York Counties Tobacco Trust V;
|
|
|
|
|
|
|
Series 2005 S-1, RB(d)
|
0.00%
|
06/01/2038
|
|
7,000
|
3,051,971
|
|
Series 2005 S-2, RB(d)
|
0.00%
|
06/01/2050
|
|
14,850
|
2,199,165
|
|
New York Liberty Development Corp. (3 World Trade Center); Series 2014-1, Ref. RB(e)
|
5.00%
|
11/15/2044
|
|
2,000
|
1,945,323
|
|
New York Liberty Development Corp. (Goldman Sachs Headquarters); Series 2007, RB
|
5.50%
|
10/01/2037
|
|
1,000
|
1,130,075
|
|
New York Liberty Development Corp. (Green Bonds);
|
|
|
|
|
|
|
Series 2021 A, Ref. RB
|
2.75%
|
11/15/2041
|
|
500
|
365,854
|
|
Series 2021 A, Ref. RB
|
2.88%
|
11/15/2046
|
|
3,325
|
2,281,625
|
|
New York State Environmental Facilities Corp. (New York City Municipal Water Finance
Authority
Projects - 2nd Resolution Bonds); Series 2017 E, RB
|
5.00%
|
06/15/2042
|
|
575
|
580,906
|
|
New York State Urban Development Corp.; Series 2020 C, Ref. RB
|
5.00%
|
03/15/2050
|
|
1,410
|
1,421,824
|
|
New York State Urban Development Corp. (Bidding Group 3);
|
|
|
|
|
|
|
Series 2021, Ref. RB
|
4.00%
|
03/15/2044
|
|
615
|
554,272
|
|
Series 2021, Ref. RB
|
4.00%
|
03/15/2046
|
|
1,320
|
1,166,574
|
|
Series 2021, Ref. RB(g)
|
4.00%
|
03/15/2046
|
|
9,000
|
7,953,912
|
|
New York State Urban Development Corp. (Bidding Group 4); Series 2020 E, Ref. RB
|
4.00%
|
03/15/2046
|
|
2,500
|
2,216,287
|
|
New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy
International
Airport);
|
|
|
|
|
|
|
Series 2016, Ref. RB(f)
|
5.00%
|
08/01/2026
|
|
1,015
|
1,014,991
|
|
Series 2016, Ref. RB(f)
|
5.00%
|
08/01/2031
|
|
800
|
797,012
|
|
New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport
Terminals C&D
Redevelopment);
|
|
|
|
|
|
|
Series 2018, RB(f)
|
5.00%
|
01/01/2034
|
|
805
|
809,897
|
|
Series 2018, RB(f)
|
5.00%
|
01/01/2036
|
|
1,000
|
999,953
|
|
New York Transportation Development Corp. (John F. Kennedy International Airport New
Terminal One)
(Green Bonds);
|
|
|
|
|
|
|
Series 2023, RB(f)
|
5.38%
|
06/30/2060
|
|
1,500
|
1,493,259
|
|
Series 2024, RB(f)
|
5.50%
|
06/30/2060
|
|
700
|
701,168
|
|
New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment);
|
|
|
|
|
|
|
Series 2016 A, RB(f)
|
5.00%
|
07/01/2041
|
|
2,500
|
2,500,036
|
|
Series 2016 A, RB(f)
|
5.00%
|
07/01/2046
|
|
1,000
|
973,282
|
|
Series 2016 A, RB(f)(g)(i)
|
5.00%
|
07/01/2046
|
|
7,000
|
6,812,973
|
|
New York Transportation Development Corp. (Terminal 4 JFK International Airport);
Series 2024, Ref.
RB (INS - AGI)(f)(h)(j)
|
5.00%
|
12/31/2054
|
|
500
|
307,315
|
|
New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green
Bonds);
Series 2024, Ref. RB (INS - AGI)(f)(h)
|
5.25%
|
12/31/2054
|
|
750
|
752,647
|
|
Niagara Area Development Corp. (Catholic Health System, Inc.); Series 2022, RB
|
5.00%
|
07/01/2052
|
|
450
|
414,920
|
|
Niagara Frontier Transportation Authority (Buffalo Niagara International Airport);
Series 2014 A, Ref.
RB(f)
|
5.00%
|
04/01/2028
|
|
750
|
750,214
|
|
Niagara Tobacco Asset Securitization Corp.; Series 2014, Ref. RB
|
5.25%
|
05/15/2040
|
|
1,725
|
1,638,195
|
|
Oneida County Local Development Corp. (Mohawk Valley Health System); Series 2019,
Ref. RB (INS -
AGI)(h)
|
4.00%
|
12/01/2049
|
|
2,000
|
1,735,802
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
New York–(continued)
|
|||||
|
Oneida County Local Development Corp. (Utica College); Series 2019, Ref. RB
|
4.00%
|
07/01/2039
|
|
$150
|
$119,163
|
|
Oneida Indian Nation; Series 2024 B, RB(e)
|
6.00%
|
09/01/2043
|
|
150
|
158,050
|
|
Onondaga (County of), NY Trust for Cultural Resources (Syracuse University); Series
2019, Ref. RB
|
4.00%
|
12/01/2047
|
|
2,935
|
2,580,985
|
|
Onondaga Civic Development Corp.;
|
|
|
|
|
|
|
Series 2025, RB
|
4.50%
|
12/01/2050
|
|
710
|
664,940
|
|
Series 2025, RB
|
5.50%
|
12/01/2056
|
|
245
|
260,022
|
|
Rockland (County of), NY Solid Waste Management Authority (Animal Shelter); Series
2024 A, RB
|
6.25%
|
12/15/2054
|
|
35
|
39,010
|
|
Rockland Tobacco Asset Securitization Corp.;
|
|
|
|
|
|
|
Series 2001, RB
|
5.75%
|
08/15/2043
|
|
1,375
|
1,393,223
|
|
Series 2005 A, RB(d)(e)
|
0.00%
|
08/15/2045
|
|
7,890
|
2,348,102
|
|
Series 2005 C, RB(d)(e)
|
0.00%
|
08/15/2060
|
|
96,000
|
6,859,478
|
|
Suffolk County Economic Development Corp. (Catholic Health Services); Series 2014
C, RB
|
5.00%
|
07/01/2032
|
|
1,085
|
1,085,424
|
|
Suffolk Regional Off-Track Betting Corp.;
|
|
|
|
|
|
|
Series 2024, RB
|
5.75%
|
12/01/2044
|
|
500
|
511,843
|
|
Series 2024, RB
|
6.00%
|
12/01/2053
|
|
500
|
511,263
|
|
Suffolk Tobacco Asset Securitization Corp.; Series 2021, Ref. RB
|
4.00%
|
06/01/2050
|
|
845
|
763,041
|
|
Tompkins County Development Corp. (Tompkins Cortland Community College Foundation,
Inc.);
|
|
|
|
|
|
|
Series 2013 A, RB(b)
|
5.00%
|
07/01/2027
|
|
1,000
|
220,000
|
|
Series 2013 A, RB(b)
|
5.00%
|
07/01/2032
|
|
750
|
165,000
|
|
Series 2013 A, RB(b)
|
5.00%
|
07/01/2038
|
|
2,000
|
440,000
|
|
Triborough Bridge & Tunnel Authority; Subseries 2021 B-1, Ref. RB
|
4.00%
|
05/15/2056
|
|
1,000
|
835,826
|
|
Triborough Bridge & Tunnel Authority (MTA Brdiges & Tunnels) (Green Bonds); Subseries
2022 D-2, RB
|
5.50%
|
05/15/2052
|
|
350
|
367,018
|
|
Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels);
|
|
|
|
|
|
|
Series 2020 A, RB
|
5.00%
|
11/15/2054
|
|
2,120
|
2,126,229
|
|
Series 2022, RB(g)
|
5.25%
|
05/15/2062
|
|
8,000
|
8,146,155
|
|
Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund); Series 2025, RB
|
5.25%
|
12/01/2054
|
|
500
|
517,990
|
|
Triborough Bridge & Tunnel Authority( MTA Brdiges & Tunnels); Series 2023 A, RB(g)
|
4.25%
|
05/15/2058
|
|
10,000
|
8,766,967
|
|
TSASC, Inc.; Series 2016 B, Ref. RB
|
5.00%
|
06/01/2045
|
|
2,070
|
1,826,385
|
|
Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General
Aviation
Facilities); Series 2017 A, RB(e)(f)
|
7.00%
|
06/01/2046
|
|
1,030
|
1,067,973
|
|
Westchester County Industrial Development Agency; Series 2025, RB(e)
|
6.20%
|
12/01/2042
|
|
200
|
191,505
|
|
Westchester County Local Development Corp. (Betheal Methodist); Series 2020 A, Ref.
RB
|
5.00%
|
07/01/2040
|
|
150
|
129,126
|
|
Westchester County Local Development Corp. (Kendal on Hudson); Series 2022, Ref. RB
|
4.25%
|
01/01/2045
|
|
420
|
377,439
|
|
Westchester County Local Development Corp. (Purchase Senior Learning Community, Inc.);
|
|
|
|
|
|
|
Series 2021, Ref. RB(e)
|
5.00%
|
07/01/2046
|
|
350
|
319,220
|
|
Series 2021, Ref. RB(e)
|
4.50%
|
07/01/2056
|
|
600
|
472,217
|
|
Series 2021, Ref. RB(e)
|
5.00%
|
07/01/2056
|
|
200
|
173,893
|
|
Westchester County Local Development Corp. (Westchester Medical Center Obligated Group);
|
|
|
|
|
|
|
Series 2023, RB (INS - AGI)(h)
|
5.75%
|
11/01/2048
|
|
150
|
160,931
|
|
Series 2023, RB (INS - AGI)(h)
|
5.75%
|
11/01/2053
|
|
1,250
|
1,331,318
|
|
Westchester Tobacco Asset Securitization Corp.; Series 2016 C, Ref. RB
|
5.13%
|
06/01/2051
|
|
2,500
|
2,109,875
|
|
Western Regional Off-Track Betting Corp.; Series 2021, Ref. RB(e)
|
4.13%
|
12/01/2041
|
|
275
|
237,098
|
|
|
|
|
|
|
231,608,212
|
|
Puerto Rico–2.01%
|
|
|
|||
|
Children’s Trust Fund;
|
|
|
|
|
|
|
Series 2002, RB
|
5.50%
|
05/15/2039
|
|
495
|
499,775
|
|
Series 2002, RB
|
5.63%
|
05/15/2043
|
|
145
|
146,669
|
|
Series 2005 A, RB(d)
|
0.00%
|
05/15/2050
|
|
3,000
|
546,761
|
|
Puerto Rico Sales Tax Financing Corp.; Series 2018 A-1, RB(d)
|
0.00%
|
07/01/2046
|
|
6,000
|
1,926,206
|
|
|
|
|
|
|
3,119,411
|
|
TOTAL INVESTMENTS IN SECURITIES(k)–151.19% (Cost $247,189,269)
|
|
234,727,623
|
|||
|
FLOATING RATE NOTE OBLIGATIONS–(22.61)%
|
|
|
|||
|
Notes with interest and fee rates ranging from 2.52% to 2.53% at 05/31/2025 and
contractual maturities of collateral ranging from 05/01/2043 to 05/15/2062(l)
|
|
|
|
|
(35,095,000
)
|
|
VARIABLE RATE MUNI TERM PREFERRED SHARES–(29.85)%
|
|
(46,340,191
)
|
|||
|
OTHER ASSETS LESS LIABILITIES–1.27%
|
|
1,958,144
|
|||
|
NET ASSETS APPLICABLE TO COMMON SHARES–100.00%
|
|
$155,250,576
|
|||
|
AGI
|
– Assured Guaranty Inc.
|
|
AMBAC
|
– American Municipal Bond Assurance Corp.
|
|
BHAC
|
– Berkshire Hathaway Assurance Corp.
|
|
CEP
|
– Credit Enhancement Provider
|
|
FNMA
|
– Federal National Mortgage Association
|
|
GO
|
– General Obligation
|
|
INS
|
– Insurer
|
|
NATL
|
– National Public Finance Guarantee Corp.
|
|
RB
|
– Revenue Bonds
|
|
Ref.
|
– Refunding
|
|
(a)
|
Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage.
|
|
(b)
|
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 $1,144,138, which represented less than 1% of the Trust’s Net Assets.
|
|
(c)
|
Restricted security. The value of this security at May 31, 2025 represented less than 1% of the Trust’s Net Assets.
|
|
(d)
|
Zero coupon bond issued at a discount.
|
|
(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 $16,676,846, which represented 10.74% of the Trust’s Net Assets.
|
|
(f)
|
Security subject to the alternative minimum tax.
|
|
(g)
|
Underlying security related to TOB Trusts entered into by the Trust.
|
|
(h)
|
Principal and/or interest payments are secured by the bond insurance company listed.
|
|
(i)
|
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 $4,660,000. However, such shortfall payment would be reduced
by the proceeds from the sale of the security underlying the TOB Trusts.
|
|
(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)
|
Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s
obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each.
|
|
(l)
|
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 $49,056,981 are held by TOB Trusts and serve as collateral for the $35,095,000 in the floating rate note obligations
outstanding at that date.
|