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)
State
of
Wisconsin
Series
2020A
,
GO
,
4.00
%
,
05/01/29
.....
USD
90
$
93,141
Series
2020-1
,
GO
,
5.00
%
,
05/01/29
.....
350
380,634
Series
2020B
,
GO
,
5.00
%
,
05/01/29
.....
85
92,440
Series
20252
,
GO
,
5.00
%
,
05/01/29
.....
185
201,192
Series
2021B
,
GO
,
5.00
%
,
05/01/32
.....
500
540,855
State
of
Wisconsin
Environmental
Improvement
Fund,
Series
2021A,
RB,
5.00%, 06/01/29
.
255
277,610
Wisconsin
Department
of
Transportation
Series
20172
,
RB
,
5.00
%
,
07/01/29
.....
145
150,378
Series
2021A
,
RB
,
5.00
%
,
07/01/29
.....
155
169,073
Series
2023A
,
RB
,
5.00
%
,
07/01/29
.....
50
54,540
Series
2023I
,
RB
,
5.00
%
,
07/01/29
......
75
81,810
4,210,859
Total
Long-Term
Investments
—
99
.0
%
(Cost:
$
405,095,953
)
..............................
410,523,162
Security
Shares
Shares
Value
Short-Term
Securities
Money
Market
Funds
—
1.4%
BlackRock
Liquidity
MuniCash
Funds:
Institutional
Shares
,
2.03
%
(d)
(e)
.........
5,606,634
$
5,607,195
Total
Short-Term
Securities
—
1
.4
%
(Cost:
$
5,607,195
)
...............................
5,607,195
Total
Investments
—
100
.4
%
(Cost:
$
410,703,148
)
..............................
416,130,357
Liabilities
in
Excess
of
Other
Assets
—
(
0.4
)
%
.............
(
1,564,569
)
Net
Assets
—
100.0%
...............................
$
414,565,788
(a)
When-issued
security.
(b)
Zero-coupon
bond.
(c)
Variable
rate
security.
Rate
as
of
period
end
and
maturity
is
the
date
the
principal
owed
can
be
recovered
through
demand.
(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
$
306,632
$
5,300,480
(a)
$
—
$
83
$
—
$
5,607,195
5,606,634
$
5,904
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).