Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
January
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Security
Par
(000)
Par
(000)
Value
Wisconsin
(continued)
Public
Finance
Authority,
Series
2023A,
RB,
5.00%, 10/01/27
.................
USD
285
$
296,008
State
of
Wisconsin
Series
2019A
,
GO
,
4.00
%
,
05/01/27
.....
345
346,500
Series
2019A
,
RB
,
5.00
%
,
05/01/27
.....
460
475,814
Series
2019B
,
GO
,
5.00
%
,
05/01/27
.....
250
258,620
Series
2020A
,
GO
,
5.00
%
,
05/01/27
.....
100
103,448
Series
2020B
,
GO
,
5.00
%
,
05/01/27
.....
440
455,171
Series
2021-1
,
GO
,
5.00
%
,
05/01/27
.....
150
155,172
Series
2021-2
,
GO
,
5.00
%
,
05/01/27
.....
160
165,517
Series
20242
,
GO
,
5.00
%
,
05/01/27
.....
500
517,240
Series
2016-2
,
GO
,
4.00
%
,
11/01/27
.....
210
210,914
Series
2016-2
,
GO
,
5.00
%
,
11/01/27
.....
530
533,604
Series
2017-1
,
GO
,
5.00
%
,
11/01/27
.....
615
635,995
Series
2017-2
,
GO
,
5.00
%
,
11/01/27
.....
80
82,731
Series
2017-3
,
GO
,
5.00
%
,
11/01/27
.....
300
310,242
Series
2019B
,
GO
,
4.00
%
,
05/01/28
.....
185
188,435
Series
2017-1
,
GO
,
5.00
%
,
11/01/28
.....
250
258,548
Series
2019A
,
RB
,
5.00
%
,
05/01/29
.....
460
475,814
Wisconsin
Department
of
Transportation
Series
2017-1
,
RB
,
5.00
%
,
07/01/27
.....
615
638,228
Series
20172
,
RB
,
5.00
%
,
07/01/27
.....
240
249,065
Series
2017-1
,
RB
,
5.00
%
,
07/01/28
.....
510
529,134
Series
2017-2
,
RB
,
5.00
%
,
07/01/28
.....
145
150,440
Security
Par
(000)
Par
(000)
Value
Wisconsin
(continued)
Wisconsin
Health
&
Educational
Facilities
Authority,
Series
2016A,
RB,
5.00%, 11/15/27
USD
360
$
362,176
8,285,899
Total
Long-Term
Investments
—
99
.0
%
(Cost:
$
604,619,603
)
..............................
607,754,745
Shares
Shares
Short-Term
Securities
Money
Market
Funds
—
0.4%
BlackRock
Liquidity
MuniCash
Funds:
Institutional
Shares
,
2.03
%
(d)
(e)
.........
2,471,604
2,471,846
Total
Short-Term
Securities
—
0
.4
%
(Cost:
$
2,471,846
)
...............................
2,471,846
Total
Investments
—
99
.4
%
(Cost:
$
607,091,449
)
..............................
610,226,591
Other
Assets
Less
Liabilities
—
0.6
%
....................
3,752,585
Net
Assets
—
100.0%
...............................
$
613,979,176
(a)
Variable
rate
security.
Rate
as
of
period
end
and
maturity
is
the
date
the
principal
owed
can
be
recovered
through
demand.
(b)
When-issued
security.
(c)
Zero-coupon
bond.
(d)
Affiliate
of
the
Fund.
(e)
Annualized
7-day
yield
as
of
period
end.
Affiliated
Issuer
Value
at
10/31/25
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
01/31/26
Shares
Held
at
01/31/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Liquidity
MuniCash
Funds:
Institutional
Shares
$
569,632
$
1,902,189
(a)
$
—
$
25
$
—
$
2,471,846
2,471,604
$
8,466
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).