|
2026 Quarterly Report
(Unaudited)
|
|
BlackRock Taxable Municipal Bond Trust (BBN)
|
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
|
Security
|
|
Par
(000)
|
Value
|
|
Corporate Bonds
|
|||
|
Commercial Services & Supplies(a) — 2.9%
|
|||
|
Grand Canyon University, 5.13%, 10/01/28
|
$
|
6,022
|
$ 5,937,031
|
|
Rensselaer Polytechnic Institute, Series 2018, 5.25%,
09/01/48
|
|
18,190
|
16,184,185
|
|
Wesleyan University, 4.78%, 07/01/2116
|
|
11,000
|
8,486,805
|
|
|
|
|
30,608,021
|
|
Financial Services(b) — 1.8%
|
|||
|
MMH Master LLC
|
|
|
|
|
6.38%, 02/01/34
|
|
2,326
|
2,381,671
|
|
6.50%, 02/01/39
|
|
6,475
|
6,630,099
|
|
6.75%, 02/01/44
|
|
7,300
|
7,619,281
|
|
Western Group Housing LP, 6.75%, 03/15/57
|
|
2,345
|
2,454,586
|
|
|
|
|
19,085,637
|
|
Health Care Providers & Services — 3.6%
|
|||
|
Ascension Health, Series 2025, 4.92%, 11/15/35(a)
|
|
4,750
|
4,693,348
|
|
CommonSpirit Health, 5.32%, 12/01/34(a)
|
|
5,000
|
5,008,144
|
|
Ochsner Clinic Foundation, 5.90%, 05/15/45(a)
|
|
5,000
|
4,841,070
|
|
Sutter Health, Series 2025, 5.54%, 08/15/35(a)
|
|
10,490
|
10,823,088
|
|
West Virginia United Health System Obligated Group,
Series 2018, 4.92%, 06/01/48
|
|
15,000
|
12,734,934
|
|
|
|
|
38,100,584
|
|
Interactive Media & Services — 1.1%
|
|||
|
Meta Platforms, Inc., 5.50%, 11/15/45(a)
|
|
12,550
|
11,876,260
|
|
Internet Software & Services — 0.9%
|
|||
|
Amazon.com, Inc., 5.65%, 03/13/46
|
|
10,000
|
9,965,403
|
|
Pharmaceuticals — 0.9%
|
|||
|
AbbVie, Inc., 4.75%, 03/15/36(a)
|
|
9,360
|
9,183,272
|
|
Total Corporate Bonds — 11.2%
(Cost: $125,978,392)
|
118,819,177
|
||
|
Municipal Bonds
|
|||
|
Alabama — 0.5%
|
|
||
|
Alabama Incentives Financing Authority, Refunding RB,
Series B, (AGM), 3.54%, 09/01/42
|
|
4,970
|
4,158,295
|
|
Jacksonville Public Educational Building Authority, RB,
(AGM), 7.00%, 08/01/46
|
|
1,365
|
1,485,154
|
|
|
|
|
5,643,449
|
|
Alaska — 0.9%
|
|
||
|
Alaska Housing Finance Corp., RB, S/F Housing,
Series C, 6.25%, 12/01/53(a)
|
|
8,715
|
9,162,259
|
|
Arizona — 3.4%
|
|
||
|
Maricopa County Industrial Development Authority, RB,
7.38%, 10/01/29(b)
|
|
11,540
|
12,165,888
|
|
Salt River Project Agricultural Improvement & Power
District, RB, BAB, 4.84%, 01/01/41(a)
|
|
24,545
|
23,599,669
|
|
|
|
|
35,765,557
|
|
Arkansas — 0.8%
|
|
||
|
Arkansas Development Finance Authority, RB, AMT,
Sustainability Bonds, 7.38%, 07/01/48(b)
|
|
7,400
|
8,005,872
|
|
California — 20.8%
|
|
||
|
Alameda Corridor Transportation Authority, Refunding
RB, CAB(c)
|
|
|
|
|
Series B, Senior Lien, 0.00%, 10/01/42
|
|
5,000
|
1,974,948
|
|
Series D, Subordinate, (AGM), 0.00%, 10/01/40
|
|
3,775
|
1,631,908
|
|
Security
|
|
Par
(000)
|
Value
|
|
California (continued)
|
|
||
|
Alameda County Joint Powers Authority, RB, BAB,
Series A, 7.05%, 12/01/44(a)
|
$
|
11,000
|
$ 12,316,382
|
|
Bay Area Toll Authority, RB, BAB, Series S-3, 6.91%,
10/01/50
|
|
14,000
|
15,729,399
|
|
California Infrastructure & Economic Development Bank,
RB, 5.50%, 01/01/38(b)
|
|
4,500
|
3,948,696
|
|
California Infrastructure & Economic Development Bank,
Refunding RB, Class B, AMT, Sustainability Bonds,
12.00%, 01/01/65(b)(d)
|
|
3,325
|
1,762,250
|
|
California State Public Works Board, RB, BAB,
Series G-2, 8.36%, 10/01/34(a)
|
|
17,050
|
20,075,869
|
|
California State University, Refunding RB, Series B,
2.80%, 11/01/41
|
|
5,000
|
3,717,497
|
|
Cerritos Community College District, Refunding GO,
3.00%, 08/01/38
|
|
1,000
|
829,308
|
|
City & County of San Francisco California, COP,
Class A, 6.38%, 10/01/43
|
|
8,480
|
8,671,812
|
|
City of Chula Vista California, RB, 2.40%, 06/01/36
|
|
1,275
|
1,024,945
|
|
City of Huntington Beach California, Refunding RB
|
|
|
|
|
3.28%, 06/15/40(a)
|
|
6,000
|
4,903,648
|
|
3.38%, 06/15/44
|
|
1,500
|
1,146,738
|
|
City of Orange California, RB, (BAM), 3.12%, 06/01/44
|
|
2,000
|
1,474,587
|
|
City of Riverside California, RB, Series A, (BAM-TCRS),
3.86%, 06/01/45
|
|
1,500
|
1,319,685
|
|
County of Sonoma California, Refunding RB, Series A,
6.00%, 12/01/29(a)
|
|
7,535
|
7,803,682
|
|
Golden State Tobacco Securitization Corp., Refunding
RB
|
|
|
|
|
(SAP), 3.12%, 06/01/38
|
|
9,100
|
7,579,744
|
|
Class B, (SAP), 3.29%, 06/01/42
|
|
500
|
389,357
|
|
Series A-1, 3.71%, 06/01/41
|
|
26,275
|
20,816,169
|
|
Series A-1, 4.21%, 06/01/50
|
|
22,500
|
17,040,778
|
|
Los Angeles Community College District, GO, BAB,
6.60%, 08/01/42
|
|
10,000
|
10,800,651
|
|
Regents of the University of California Medical Center
Pooled Revenue, RB, BAB, Series H, 6.55%,
05/15/48
|
|
5,330
|
5,655,244
|
|
San Diego County Regional Airport Authority, ARB,
Series B, 5.59%, 07/01/43
|
|
3,570
|
3,569,719
|
|
San Joaquin Hills Transportation Corridor Agency,
Refunding RB, Series B, (AGM), 3.49%, 01/15/50
|
|
7,200
|
5,455,187
|
|
State of California, GO, BAB(a)
|
|
|
|
|
7.55%, 04/01/39
|
|
9,035
|
10,725,201
|
|
7.35%, 11/01/39
|
|
5,000
|
5,768,610
|
|
7.63%, 03/01/40
|
|
8,950
|
10,650,953
|
|
7.60%, 11/01/40
|
|
15,000
|
17,992,551
|
|
State of California, Refunding GO(a)
|
|
|
|
|
5.13%, 03/01/38
|
|
10,010
|
10,045,875
|
|
5.88%, 10/01/41
|
|
5,000
|
5,232,433
|
|
|
|
|
220,053,826
|
|
Colorado — 1.8%
|
|
||
|
Colorado Health Facilities Authority, Refunding RB,
Series B, 4.48%, 12/01/40
|
|
11,885
|
10,412,034
|
|
Colorado Housing and Finance Authority, RB, S/F
Housing, Series B-1, Class I, (GNMA), 6.25%,
11/01/54
|
|
1,760
|
1,876,435
|
|
Denver City & County School District No. 1, Refunding
COP, Series B, 7.02%, 12/15/37
|
|
6,000
|
6,834,469
|
|
|
|
|
19,122,938
|
|
Security
|
|
Par
(000)
|
Value
|
|
Connecticut — 1.7%
|
|
||
|
Connecticut Housing Finance Authority, RB, S/F
Housing, Series E-1, Class T, Sustainability Bonds,
5.37%, 11/15/44(a)
|
$
|
6,575
|
$ 6,311,092
|
|
Connecticut Housing Finance Authority, Refunding RB,
S/F Housing, Series A-2, Sustainability Bonds,
(FHLMC, FNMA, GNMA), 5.41%, 05/15/55
|
|
9,675
|
9,882,061
|
|
Connecticut State Health & Educational Facilities
Authority, Refunding RB, Series G-2, 4.25%,
07/01/27(b)
|
|
1,545
|
1,539,981
|
|
|
|
|
17,733,134
|
|
District of Columbia — 1.8%
|
|
||
|
Metropolitan Washington Airports Authority Dulles Toll
Road Revenue, ARB, BAB, Series D, 8.00%,
10/01/47(a)
|
|
10,750
|
13,153,025
|
|
Metropolitan Washington Airports Authority Dulles Toll
Road Revenue, RB, BAB, 7.46%, 10/01/46
|
|
5,000
|
5,881,607
|
|
|
|
|
19,034,632
|
|
Florida — 5.2%
|
|
||
|
Capital Trust Agency, Inc., RB, 5.50%, 06/15/26(b)
|
|
235
|
234,151
|
|
County of Miami-Dade Seaport Department, ARB,
6.22%, 11/01/55
|
|
3,295
|
3,383,515
|
|
Florida Development Finance Corp., RB, Series D,
5.75%, 12/15/26(b)
|
|
650
|
617,500
|
|
Florida Development Finance Corp., Refunding RB
|
|
|
|
|
Class B, 4.01%, 04/01/40
|
|
2,500
|
2,161,094
|
|
Series B, 4.11%, 04/01/50
|
|
5,000
|
3,979,772
|
|
AMT, 0.00%, 07/15/32(b)(e)
|
|
1,150
|
402,500
|
|
Miami-Dade County Educational Facilities Authority,
Refunding RB, Series B, 5.07%, 04/01/50
|
|
12,250
|
11,240,377
|
|
State Board of Administration Finance Corp., RB,
Series A, 5.53%, 07/01/34(a)
|
|
18,300
|
19,175,580
|
|
Village Center Community Development District,
Refunding RB, 5.02%, 11/01/36
|
|
13,500
|
13,477,443
|
|
|
|
|
54,671,932
|
|
Georgia — 5.6%
|
|
||
|
East Point Business & Industrial Development Authority,
RB, Series B, 5.25%, 06/15/31(b)(e)(f)
|
|
860
|
516,000
|
|
Municipal Electric Authority of Georgia, Refunding RB,
BAB
|
|
|
|
|
6.64%, 04/01/57(a)
|
|
24,720
|
26,500,661
|
|
6.66%, 04/01/57
|
|
19,972
|
21,548,709
|
|
7.06%, 04/01/57
|
|
9,174
|
10,142,824
|
|
|
|
|
58,708,194
|
|
Hawaii — 0.7%
|
|
||
|
State of Hawaii, GO, Series GK, 6.05%, 10/01/36
|
|
5,000
|
5,402,719
|
|
State of Hawaii, Refunding GO, Series GC, 2.37%,
10/01/35
|
|
2,500
|
2,059,539
|
|
|
|
|
7,462,258
|
|
Idaho — 1.6%
|
|
||
|
Idaho Housing & Finance Association, RB, S/F Housing
|
|
|
|
|
Series B, (FHLMC, FNMA, GNMA), 6.25%, 07/01/54
|
|
5,470
|
5,792,058
|
|
Series E, (FHLMC, FNMA, GNMA), 6.06%,
01/01/44(a)
|
|
10,010
|
10,140,670
|
|
Idaho Housing & Finance Association, Refunding RB,
8.00%, 03/01/39(b)
|
|
600
|
601,079
|
|
|
|
|
16,533,807
|
|
Illinois — 15.5%
|
|
||
|
Chicago Board of Education, GO, BAB
|
|
|
|
|
6.04%, 12/01/29
|
|
8,510
|
8,399,290
|
|
Security
|
|
Par
(000)
|
Value
|
|
Illinois (continued)
|
|
||
|
Chicago Board of Education, GO, BAB (continued)
|
|
|
|
|
6.52%, 12/01/40
|
$
|
9,745
|
$ 9,302,872
|
|
Chicago O’Hare International Airport, Refunding ARB,
BAB, Series B, 6.40%, 01/01/40
|
|
1,500
|
1,643,166
|
|
Chicago Transit Authority Sales & Transfer Tax Receipts
Revenue, RB
|
|
|
|
|
Series A, 6.90%, 12/01/40
|
|
7,024
|
7,843,873
|
|
Series B, 6.90%, 12/01/40
|
|
4,311
|
4,813,412
|
|
Chicago Transit Authority Sales Tax Receipts Fund, RB,
BAB, Series B, 6.20%, 12/01/40(a)
|
|
15,473
|
16,349,007
|
|
City of Chicago Illinois Wastewater Transmission
Revenue, RB, BAB, Series B, 2nd Lien, 6.90%,
01/01/40(a)
|
|
36,000
|
39,360,870
|
|
City of Chicago Illinois Waterworks Revenue, RB, BAB,
Series B, 2nd Lien, 6.74%, 11/01/40
|
|
15,250
|
16,684,418
|
|
Illinois Finance Authority, RB, 6.69%, 07/01/33
|
|
2,925
|
2,980,756
|
|
Illinois Housing Development Authority, RB, S/F Housing
|
|
|
|
|
Series B, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 5.88%, 10/01/49
|
|
3,800
|
3,762,400
|
|
Series F, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 5.90%, 10/01/46
|
|
6,790
|
6,780,958
|
|
Illinois Municipal Electric Agency, RB, BAB, 7.29%,
02/01/35(a)
|
|
5,425
|
5,837,834
|
|
Northern Illinois Municipal Power Agency, RB, BAB,
7.82%, 01/01/40
|
|
5,000
|
5,790,641
|
|
State of Illinois, GO, BAB
|
|
|
|
|
6.63%, 02/01/35
|
|
1,869
|
1,957,348
|
|
7.35%, 07/01/35(a)
|
|
25,611
|
27,535,447
|
|
Series 3, 6.73%, 04/01/35(a)
|
|
4,862
|
5,089,739
|
|
|
|
|
164,132,031
|
|
Indiana — 1.5%
|
|
||
|
Indiana Finance Authority, RB, BAB, Series B, 6.60%,
02/01/39(a)
|
|
7,900
|
8,687,703
|
|
Indiana Municipal Power Agency, RB, BAB, Series A,
5.59%, 01/01/42
|
|
7,260
|
7,071,342
|
|
|
|
|
15,759,045
|
|
Kentucky — 0.9%
|
|
||
|
Westvaco Corp., RB, 7.67%, 01/15/27(b)
|
|
9,400
|
9,607,076
|
|
Louisiana — 0.9%
|
|
||
|
Louisiana Local Government Environmental Facilities &
Community Development Authority, RB, Series A-3,
5.20%, 12/01/39(a)
|
|
9,750
|
9,913,652
|
|
Maryland — 2.6%
|
|
||
|
Maryland Community Development Administration, RB,
S/F Housing
|
|
|
|
|
Series F, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 6.15%, 09/01/38
|
|
5,000
|
5,195,234
|
|
Series F, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 6.23%, 09/01/43
|
|
10,000
|
10,184,481
|
|
Maryland Economic Development Corp., RB
|
|
|
|
|
4.00%, 04/01/34
|
|
9,090
|
6,725,715
|
|
Sustainability Bonds, 5.94%, 05/31/57
|
|
5,000
|
5,015,044
|
|
Maryland Health & Higher Educational Facilities
Authority, RB, Series B, 6.25%, 03/01/27(b)
|
|
255
|
253,275
|
|
|
|
|
27,373,749
|
|
Massachusetts — 6.8%
|
|
||
|
Commonwealth of Massachusetts Transportation Fund
Revenue, RB, BAB, 5.73%, 06/01/40(a)
|
|
5,000
|
5,181,104
|
|
Massachusetts Educational Financing Authority, RB
|
|
|
|
|
Series A, 3.61%, 07/01/36
|
|
8,465
|
7,662,944
|
|
Security
|
|
Par
(000)
|
Value
|
|
Massachusetts (continued)
|
|
||
|
Massachusetts Educational Financing Authority,
RB (continued)
|
|
|
|
|
Series A, 5.95%, 07/01/44
|
$
|
13,695
|
$ 14,017,136
|
|
Series A, 6.17%, 07/01/50
|
|
15,000
|
15,388,476
|
|
Massachusetts Educational Financing Authority,
Refunding RB
|
|
|
|
|
Series A, 4.95%, 07/01/38
|
|
13,355
|
12,899,823
|
|
Series A, 6.35%, 07/01/49
|
|
8,885
|
9,221,631
|
|
Massachusetts Housing Finance Agency, RB, S/F
Housing, Series 226, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 5.84%, 12/01/42
|
|
3,170
|
3,187,813
|
|
Massachusetts Port Authority, Refunding RB, Series C,
2.72%, 07/01/42
|
|
5,055
|
3,840,494
|
|
|
|
|
71,399,421
|
|
Michigan — 4.2%
|
|
||
|
Michigan Finance Authority, RB
|
|
|
|
|
6.38%, 06/01/33(b)(e)
|
|
1,000
|
480,000
|
|
Series D, 5.02%, 11/01/43
|
|
7,500
|
7,185,548
|
|
Michigan Finance Authority, Refunding RB, CAB,
Series B, 0.00%, 06/01/45(c)
|
|
50,000
|
13,321,280
|
|
Michigan State Housing Development Authority, RB, S/F
Housing, Series B, Sustainability Bonds, 5.77%,
12/01/44
|
|
3,125
|
3,098,114
|
|
Michigan State University, RB, BAB, Series A, 6.17%,
02/15/50(a)
|
|
5,500
|
5,637,296
|
|
Michigan State University, Refunding RB, Series A,
4.50%, 08/15/48(a)
|
|
14,575
|
13,250,047
|
|
Western Michigan University, Refunding RB, Series B,
(AGM), 2.88%, 11/15/43
|
|
1,500
|
1,135,782
|
|
|
|
|
44,108,067
|
|
Minnesota — 1.8%
|
|
||
|
Minnesota Housing Finance Agency, RB, S/F Housing,
Series P, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 5.79%, 07/01/44
|
|
3,000
|
3,018,118
|
|
Southern Minnesota Municipal Power Agency,
Refunding RB, BAB, Series A, 5.93%, 01/01/43
|
|
8,000
|
8,166,280
|
|
Western Minnesota Municipal Power Agency, RB, BAB,
6.77%, 01/01/46
|
|
5,000
|
5,423,870
|
|
Western Minnesota Municipal Power Agency, Refunding
RB, Series A, 3.23%, 01/01/46
|
|
3,000
|
2,286,296
|
|
|
|
|
18,894,564
|
|
Missouri — 1.9%
|
|
||
|
Curators of the University of Missouri, RB, BAB, 5.79%,
11/01/41
|
|
7,000
|
7,120,785
|
|
Missouri Joint Municipal Electric Utility Commission, RB,
BAB, 7.73%, 01/01/39
|
|
11,000
|
13,025,343
|
|
|
|
|
20,146,128
|
|
Nevada — 0.8%
|
|
||
|
County of Clark Department of Aviation, ARB, BAB,
Series C, 6.82%, 07/01/45
|
|
2,000
|
2,213,103
|
|
Nevada Housing Division, RB, S/F Housing, Series F,
(FHLMC, FNMA, GNMA), 5.52%, 10/01/44
|
|
6,485
|
6,296,517
|
|
|
|
|
8,509,620
|
|
New Hampshire — 2.6%
|
|
||
|
New Hampshire Business Finance Authority, RB, 3.78%,
01/01/36
|
|
2,490
|
1,832,590
|
|
New Hampshire Business Finance Authority, Refunding
RB
|
|
|
|
|
3.30%, 04/01/32
|
|
12,895
|
9,416,725
|
|
Security
|
|
Par
(000)
|
Value
|
|
New Hampshire (continued)
|
|
||
|
New Hampshire Business Finance Authority, Refunding
RB (continued)
|
|
|
|
|
2.87%, 07/01/35
|
$
|
4,655
|
$ 3,342,377
|
|
Series A, 6.89%, 04/01/34(b)
|
|
8,835
|
9,237,995
|
|
New Hampshire Health and Education Facilities
Authority Act, RB, Class A, 5.04%, 11/01/34
|
|
4,130
|
4,132,359
|
|
|
|
|
27,962,046
|
|
New Jersey — 8.0%
|
|
||
|
New Jersey Economic Development Authority, RB
|
|
|
|
|
Series A, (NPFGC), 7.43%, 02/15/29
|
|
15,535
|
16,293,571
|
|
Series B, 7.00%, 06/15/30(b)
|
|
2,625
|
2,625,903
|
|
New Jersey Educational Facilities Authority, Refunding
RB
|
|
|
|
|
(AGM), 3.51%, 07/01/42
|
|
6,000
|
4,887,777
|
|
(AGM), 3.61%, 07/01/50
|
|
1,500
|
1,097,931
|
|
New Jersey Institute of Technology, Refunding RB,
Series B, 3.42%, 07/01/42(a)
|
|
7,500
|
6,091,742
|
|
New Jersey Transportation Trust Fund Authority,
Refunding RB, 4.08%, 06/15/39
|
|
7,230
|
6,572,990
|
|
New Jersey Turnpike Authority, RB, BAB(a)
|
|
|
|
|
Series A, 7.10%, 01/01/41
|
|
34,000
|
39,224,301
|
|
Series F, 7.41%, 01/01/40
|
|
6,790
|
8,025,950
|
|
|
|
|
84,820,165
|
|
New York — 11.3%
|
|
||
|
City of New York, GO
|
|
|
|
|
Series H, 6.29%, 02/01/45
|
|
7,260
|
7,554,579
|
|
Series D-1, Sustainability Bonds, 5.11%, 10/01/54
|
|
3,930
|
3,589,811
|
|
City of New York, Refunding GO
|
|
|
|
|
Series D, 2.17%, 08/01/34(g)
|
|
4,305
|
3,592,294
|
|
Series D, 2.17%, 08/01/34
|
|
2,980
|
2,466,305
|
|
Metropolitan Transportation Authority Dedicated Tax
Fund, RB, BAB, 7.34%, 11/15/39(a)
|
|
11,620
|
13,464,525
|
|
Metropolitan Transportation Authority, RB, BAB
|
|
|
|
|
6.67%, 11/15/39
|
|
2,220
|
2,371,356
|
|
Series TR, 6.69%, 11/15/40
|
|
19,705
|
21,259,900
|
|
Metropolitan Transportation Authority, Refunding RB,
Series C2, Sustainability Bonds, 5.18%, 11/15/49
|
|
340
|
317,218
|
|
New York City Housing Development Corp., RB, M/F
Housing
|
|
|
|
|
Sustainability Bonds, 3.10%, 11/01/45
|
|
1,310
|
943,623
|
|
Series D, Sustainability Bonds, (HUD SECT 8),
5.40%, 08/01/49(a)
|
|
6,550
|
6,243,573
|
|
New York City Municipal Water Finance Authority, RB,
BAB, 5.95%, 06/15/42
|
|
5,000
|
5,122,109
|
|
New York City Municipal Water Finance Authority,
Refunding RB, 5.88%, 06/15/44(a)
|
|
7,590
|
7,636,527
|
|
New York State Dormitory Authority, RB, Series B,
5.99%, 07/01/45
|
|
5,145
|
5,303,847
|
|
New York State Dormitory Authority, RB, BAB, Series H,
5.39%, 03/15/40(a)
|
|
15,000
|
14,936,412
|
|
New York State Dormitory Authority, Refunding RB
|
|
|
|
|
2.99%, 07/01/40
|
|
7,090
|
5,723,289
|
|
Class B, 2.69%, 07/01/40
|
|
3,000
|
2,284,655
|
|
Port Authority of New York & New Jersey, RB, 5.65%,
11/01/40
|
|
2,115
|
2,210,879
|
|
Triborough Bridge & Tunnel Authority, Refunding RB
|
|
|
|
|
Series A-3, 2.51%, 05/15/35(a)
|
|
10,390
|
8,735,925
|
|
Security
|
|
Par
(000)
|
Value
|
|
New York (continued)
|
|
||
|
Triborough Bridge & Tunnel Authority, Refunding
RB (continued)
|
|
|
|
|
Series A-3, 2.92%, 05/15/40
|
$
|
3,000
|
$ 2,337,846
|
|
United Nations Development Corp., Refunding RB,
Series A, 6.54%, 08/01/55
|
|
3,400
|
3,588,537
|
|
|
|
|
119,683,210
|
|
North Carolina — 0.6%
|
|
||
|
North Carolina Housing Finance Agency, RB, S/F
Housing, Series 53-B, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 6.25%, 01/01/55
|
|
6,535
|
6,846,299
|
|
Ohio — 3.5%
|
|
||
|
American Municipal Power, Inc., RB, Series B, 7.83%,
02/15/41(a)
|
|
20,760
|
25,067,712
|
|
Ohio University, RB, 5.59%, 12/01/2114
|
|
10,100
|
9,253,374
|
|
State of Ohio, Refunding RB, 3.28%, 01/01/42
|
|
3,000
|
2,539,727
|
|
|
|
|
36,860,813
|
|
Oklahoma — 1.5%
|
|
||
|
Oklahoma Development Finance Authority, RB
|
|
|
|
|
Series A-3, 5.09%, 02/01/52(a)
|
|
6,750
|
6,461,125
|
|
Series A-3, 4.71%, 05/01/52
|
|
3,695
|
3,374,433
|
|
Series B, 11.00%, 09/01/41(b)
|
|
2,900
|
2,707,363
|
|
Oklahoma Municipal Power Authority, RB, BAB, 6.44%,
01/01/45
|
|
3,500
|
3,680,179
|
|
|
|
|
16,223,100
|
|
Pennsylvania — 3.5%
|
|
||
|
Commonwealth Financing Authority, RB
|
|
|
|
|
Series A, 4.14%, 06/01/38
|
|
4,435
|
4,152,119
|
|
Series A, 3.81%, 06/01/41
|
|
6,110
|
5,249,919
|
|
Pennsylvania Economic Development Financing
Authority, RB, BAB, Series B, 6.53%, 06/15/39(a)
|
|
23,050
|
25,019,203
|
|
Pennsylvania Turnpike Commission, Refunding RB,
Series 1, 3.58%, 12/01/43
|
|
3,630
|
2,967,389
|
|
|
|
|
37,388,630
|
|
Puerto Rico — 1.5%
|
|
||
|
Puerto Rico Sales Tax Financing Corp., Sales Tax
Revenue, RB
|
|
|
|
|
Series A-1, Restructured, 5.00%, 07/01/58
|
|
3,465
|
3,293,992
|
|
Series A-2, Restructured, 4.55%, 07/01/40
|
|
14,899
|
12,921,569
|
|
|
|
|
16,215,561
|
|
South Carolina — 2.4%
|
|
||
|
South Carolina Jobs-Economic Development Authority,
RB, 7.35%, 08/15/30(b)
|
|
710
|
699,288
|
|
South Carolina Public Service Authority, RB, BAB,
Series C, (AGM-CR), 6.45%, 01/01/50(a)
|
|
11,290
|
12,073,756
|
|
South Carolina Public Service Authority, Refunding RB
|
|
|
|
|
Series C, 5.78%, 12/01/41
|
|
4,595
|
4,795,678
|
|
Series D, (AGM), 6.45%, 12/01/42
|
|
2,870
|
3,214,655
|
|
South Carolina Student Loan Corp., RB
|
|
|
|
|
Series A, 5.13%, 12/01/36
|
|
1,835
|
1,823,325
|
|
Series A, 3.59%, 12/01/39
|
|
3,265
|
3,209,217
|
|
|
|
|
25,815,919
|
|
Tennessee — 5.0%
|
|
||
|
Memphis-Shelby County Industrial Development Board,
Refunding TA, Series B, 5.45%, 07/01/45
|
|
5,875
|
4,436,969
|
|
Metropolitan Government of Nashville & Davidson
County Convention Center Authority, RB, BAB,
Series A-2, 7.43%, 07/01/43(a)
|
|
35,105
|
39,444,884
|
|
Security
|
|
Par
(000)
|
Value
|
|
Tennessee (continued)
|
|
||
|
Tennessee Housing Development Agency, RB, S/F
Housing
|
|
|
|
|
Series 1B, Sustainability Bonds, 5.92%, 07/01/49
|
$
|
540
|
$ 540,054
|
|
Series 2B, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 5.91%, 07/01/44
|
|
5,000
|
5,076,871
|
|
Tennessee State School Bond Authority, Refunding RB,
Series A, 2.56%, 11/01/41(a)
|
|
4,525
|
3,424,379
|
|
|
|
|
52,923,157
|
|
Texas — 9.0%
|
|
||
|
Alamo Regional Mobility Authority, Refunding RB,
Series B, 3.28%, 06/15/46
|
|
5,910
|
4,325,646
|
|
Arlington Higher Education Finance Corp., RB(b)(e)
|
|
|
|
|
5.50%, 04/01/30
|
|
500
|
250,000
|
|
6.50%, 11/01/32
|
|
1,280
|
768,000
|
|
Arlington Higher Education Finance Corp., Refunding
RB, Series B, 4.00%, 08/15/28
|
|
765
|
741,422
|
|
City of San Antonio Texas Customer Facility Charge
Revenue, ARB, 5.87%, 07/01/45
|
|
7,500
|
7,288,069
|
|
City of San Antonio Texas Electric & Gas Systems
Revenue, Refunding RB, Series A, 5.47%, 02/01/45
|
|
12,500
|
12,526,709
|
|
Dallas Area Rapid Transit, RB, BAB, 5.02%, 12/01/48
|
|
2,500
|
2,308,237
|
|
Hidalgo County Regional Mobility Authority, Refunding
RB, Series B, (AGM), 2.91%, 12/01/40
|
|
5,000
|
3,892,669
|
|
Metropolitan Transit Authority of Harris County Sales &
Use Tax Revenue, Refunding RB, Series A, 2.99%,
11/01/41
|
|
4,750
|
3,729,962
|
|
New Caney Independent School District, Refunding GO,
(PSF), 2.40%, 02/15/42(a)
|
|
7,025
|
5,045,836
|
|
New Hope Higher Education Finance Corp., RB,
Series B, 5.00%, 06/15/27(b)
|
|
265
|
261,869
|
|
Port of Beaumont Industrial Development Authority, RB,
4.10%, 01/01/28(b)
|
|
8,285
|
7,532,001
|
|
Port of Beaumont Navigation District, Refunding ARB,
Series B, 10.00%, 07/01/26(b)
|
|
10,000
|
10,008,505
|
|
Rockwall Independent School District, Refunding GO,
(PSF), 2.38%, 02/15/46
|
|
5,000
|
3,317,982
|
|
Texas Natural Gas Securitization Finance Corp., RB,
Series 2023-1, Class A2, 5.17%, 04/01/41(a)
|
|
10,000
|
10,127,821
|
|
Texas Private Activity Bond Surface Transportation
Corp., RB, Series B, 3.92%, 12/31/49
|
|
25,000
|
19,929,190
|
|
United Independent School District, Refunding GO,
(PSF), 2.85%, 08/15/44
|
|
3,885
|
2,848,682
|
|
|
|
|
94,902,600
|
|
Utah — 0.4%
|
|
||
|
Utah Housing Corp., RB, S/F Housing
|
|
|
|
|
Series D, (FHLMC, FNMA, GNMA), 6.25%, 07/01/54
|
|
2,700
|
2,856,068
|
|
Series I, (FHLMC, FNMA, GNMA), 5.96%, 07/01/45
|
|
875
|
880,773
|
|
|
|
|
3,736,841
|
|
Virginia — 4.0%
|
|
||
|
Tobacco Settlement Financing Corp., Refunding RB,
Series A-1, 6.71%, 06/01/46
|
|
28,655
|
22,318,918
|
|
Virginia Housing Development Authority, RB, M/F
Housing
|
|
|
|
|
Series C, 3.33%, 04/01/40
|
|
5,000
|
4,189,840
|
|
Series D, 3.52%, 06/01/40
|
|
4,000
|
3,430,309
|
|
Series F, (HUD SECT 8), 3.13%, 07/01/45
|
|
3,425
|
2,519,661
|
|
Security
|
|
Par
(000)
|
Value
|
|
Virginia (continued)
|
|
||
|
Virginia Housing Development Authority, RB, S/F
Housing
|
|
|
|
|
Series A, 5.57%, 10/01/49
|
$
|
5,845
|
$ 5,738,052
|
|
Series E, 5.82%, 07/01/44(a)
|
|
3,670
|
3,699,770
|
|
|
|
|
41,896,550
|
|
Washington — 1.8%
|
|
||
|
Washington State Convention Center Public Facilities
District, RB, BAB, 6.79%, 07/01/40
|
|
17,800
|
19,121,015
|
|
West Virginia — 1.5%
|
|
||
|
Tobacco Settlement Finance Authority, RB, Series B,
0.00%, 06/01/47(c)
|
|
1,600
|
148,366
|
|
Tobacco Settlement Finance Authority, Refunding RB
|
|
|
|
|
Series A, Class 1, 4.31%, 06/01/49
|
|
10,000
|
7,388,060
|
|
Series B, Class 2, 4.88%, 06/01/49
|
|
8,030
|
7,878,429
|
|
|
|
|
15,414,855
|
|
Wisconsin(b) — 0.9%
|
|
||
|
Public Finance Authority, RB
|
|
|
|
|
5.38%, 06/15/28
|
|
250
|
245,026
|
|
5.25%, 01/01/31
|
|
845
|
769,818
|
|
Series B, Class S, 5.25%, 06/15/26
|
|
50
|
49,923
|
|
Public Finance Authority, RB, M/F Housing, 6.70%,
02/01/55
|
|
7,550
|
7,574,133
|
|
Public Finance Authority, Refunding RB, Series B,
6.13%, 10/01/49
|
|
1,470
|
1,269,582
|
|
|
|
|
9,908,482
|
|
Total Municipal Bonds — 139.2%
(Cost: $1,451,047,834)
|
1,471,460,454
|
||
|
|
|
Shares
|
|
|
Warrants
|
|||
|
Construction & Engineering — 0.0%
|
|
||
|
Brightline West, (Expires 11/26/35, Strike Price USD
5.00)(f)(h)
|
|
27,664
|
45,646
|
|
Total Warrants — 0.0%
(Cost: $ — )
|
45,646
|
||
|
Total Long-Term Investments — 150.4%
(Cost: $1,577,026,226)
|
1,590,325,277
|
||
|
Security
|
|
Shares
|
Value
|
|
Short-Term Securities
|
|||
|
Money Market Funds — 0.5%
|
|
||
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares,
3.55%(i)(j)
|
|
4,989,151
|
$ 4,989,151
|
|
Total Short-Term Securities — 0.5%
(Cost: $4,989,151)
|
4,989,151
|
||
|
Total Investments — 150.9%
(Cost: $1,582,015,377)
|
1,595,314,428
|
||
|
Liabilities in Excess of Other Assets — (50.9)%
|
(537,827,714
)
|
||
|
Net Assets — 100.0%
|
$ 1,057,486,714
|
||
|
(a)
|
All or a portion of the security has been pledged as collateral in connection with
outstanding reverse repurchase agreements.
|
|
(b)
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from registration
to
qualified institutional investors.
|
|
(c)
|
Zero-coupon bond.
|
|
(d)
|
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate
and
spread if published and available.
|
|
(e)
|
Issuer filed for bankruptcy and/or is in default.
|
|
(f)
|
Non-income producing security.
|
|
(g)
|
Security is collateralized by municipal bonds or U.S. Treasury obligations.
|
|
(h)
|
Security is valued using significant unobservable inputs and is classified as Level
3 in the
fair value hierarchy.
|
|
(i)
|
Affiliate of the Trust.
|
|
(j)
|
Annualized 7-day yield as of period end.
|
|
Affiliated Issuer
|
Value at
12/31/25
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net
Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
03/31/26
|
Shares
Held at
03/31/26
|
Income
|
Capital Gain
Distributions
from
Underlying
Funds
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Shares
|
$ 5,826,343
|
$ —
|
$ (837,192
)(a)
|
$ —
|
$ —
|
$ 4,989,151
|
4,989,151
|
$ 84,494
|
$ —
|
|
(a)
|
Represents net amount purchased (sold).
|
|
Counterparty
|
Interest
Rate
|
Trade
Date
|
Maturity
Date(a)
|
Face Value
|
Face Value
Including
Accrued Interest
|
Type of Non-Cash Underlying
Collateral
|
Remaining
Contractual Maturity
of the Agreements(a)
|
|
Barclays Bank PLC
|
3.84
%(b)
|
05/16/25
|
Open
|
$ 8,721,212
|
$ 9,051,238
|
Municipal Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.85
(b)
|
05/16/25
|
Open
|
4,575,000
|
4,748,532
|
Municipal Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.85
(b)
|
05/16/25
|
Open
|
13,106,250
|
13,603,377
|
Municipal Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.85
(b)
|
05/16/25
|
Open
|
7,375,637
|
7,655,400
|
Municipal Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.85
|
05/16/25
|
Open
|
25,434,856
|
26,399,614
|
Municipal Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.85
(b)
|
05/16/25
|
Open
|
5,880,938
|
6,104,005
|
Municipal Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.95
(b)
|
05/16/25
|
Open
|
17,865,375
|
18,547,535
|
Municipal Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.95
(b)
|
05/16/25
|
Open
|
15,193,750
|
15,773,898
|
Municipal Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.95
(b)
|
05/16/25
|
Open
|
17,573,750
|
18,244,774
|
Municipal Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.95
(b)
|
05/16/25
|
Open
|
38,160,000
|
39,617,076
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
05/16/25
|
Open
|
4,775,000
|
4,952,765
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
10,113,500
|
10,495,459
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
7,945,000
|
8,245,061
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
38,308,331
|
39,740,531
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
7,409,737
|
7,686,759
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
18,551,250
|
19,251,879
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
15,994,981
|
16,599,067
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
3,527,788
|
3,661,214
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
6,743,344
|
6,998,021
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
6,562,188
|
6,810,023
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
1,515,000
|
1,572,217
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
16,912,500
|
17,551,238
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
10,209,550
|
10,592,913
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
5,901,063
|
6,124,251
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
8,324,625
|
8,639,476
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
4,359,713
|
4,524,367
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
19,202,562
|
19,927,790
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
12,811,050
|
13,294,888
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
10,387,500
|
10,779,807
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
11,852,500
|
12,300,781
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
5,431,250
|
5,636,669
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
9,506,250
|
9,869,415
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
05/16/25
|
Open
|
12,224,781
|
12,688,474
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
|
05/29/25
|
Open
|
15,342,400
|
15,891,062
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
06/26/25
|
Open
|
8,182,125
|
8,449,612
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
09/09/25
|
Open
|
9,962,500
|
10,192,717
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
09/10/25
|
Open
|
5,093,750
|
5,210,807
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
09/18/25
|
Open
|
6,107,875
|
6,241,994
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
09/18/25
|
Open
|
5,737,500
|
5,864,052
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
09/24/25
|
Open
|
6,580,700
|
6,719,882
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
09/30/25
|
Open
|
3,218,406
|
3,284,142
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/03/25
|
Open
|
4,688,213
|
4,764,708
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
11/03/25
|
Open
|
4,794,563
|
4,872,894
|
Municipal Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.95
|
11/06/25
|
Open
|
694,025
|
705,302
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
12/01/25
|
Open
|
8,671,425
|
8,785,442
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
12/01/25
|
Open
|
6,436,363
|
6,520,992
|
Municipal Bonds
|
Open/Demand
|
|
RBC Capital Markets, LLC
|
3.79
(b)
|
12/31/25
|
Open
|
4,565,938
|
4,609,680
|
Corporate Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.74
(b)
|
01/29/26
|
Open
|
7,878,750
|
7,878,750
|
Corporate Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
02/02/26
|
Open
|
5,560,625
|
5,595,116
|
Municipal Bonds
|
Open/Demand
|
|
TD Securities (USA) LLC
|
3.85
(b)
|
03/02/26
|
Open
|
9,934,925
|
9,966,800
|
Municipal Bonds
|
Open/Demand
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
10,319,537
|
10,340,979
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/12/26
|
04/09/26
|
11,467,562
|
11,491,390
|
Corporate Bonds
|
Up to 30 Days
|
|
Barclays Bank PLC
|
3.74
|
03/13/26
|
04/09/26
|
8,658,000
|
8,675,090
|
Corporate Bonds
|
Up to 30 Days
|
|
TD Securities (USA) LLC
|
3.82
(b)
|
03/31/26
|
Open
|
4,693,750
|
4,694,248
|
Corporate Bonds
|
Open/Demand
|
|
|
|
|
|
$ 551,045,163
|
$ 568,444,173
|
|
|
|
(a)
|
Certain agreements have no stated maturity and can be terminated by either party at
any time.
|
|
(b)
|
Variable rate security. Rate as of period end and maturity is the date the principal
owed can be recovered through demand.
|
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount (000)
|
Value/
Unrealized
Appreciation
(Depreciation)
|
|
Short Contracts
|
|
|
|
|
|
10-Year U.S. Treasury Note
|
343
|
06/18/26
|
$ 38,068
|
$ 619,027
|
|
U.S. Long Bond
|
577
|
06/18/26
|
65,562
|
2,136,721
|
|
|
|
|
|
$ 2,755,748
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Corporate Bonds
|
$ —
|
$ 118,819,177
|
$ —
|
$ 118,819,177
|
|
Municipal Bonds
|
—
|
1,471,460,454
|
—
|
1,471,460,454
|
|
Warrants
|
—
|
—
|
45,646
|
45,646
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
4,989,151
|
—
|
—
|
4,989,151
|
|
|
$4,989,151
|
$1,590,279,631
|
$45,646
|
$1,595,314,428
|
|
Derivative Financial Instruments(a)
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Interest Rate Contracts
|
$ 2,755,748
|
$ —
|
$ —
|
$ 2,755,748
|
|
(a)
|
Derivative financial instruments are futures contracts. Futures contracts are valued
at the unrealized appreciation (depreciation) on the instrument.
|
|
Portfolio Abbreviation
|
|
|
AGM
|
Assured Guaranty Municipal Corp.
|
|
AGM-CR
|
AGM Insured Custodial Receipt
|
|
AMT
|
Alternative Minimum Tax
|
|
Portfolio Abbreviation (continued)
|
|
|
ARB
|
Airport Revenue Bonds
|
|
BAB
|
Build America Bond
|
|
BAM
|
Build America Mutual Assurance Co.
|
|
Portfolio Abbreviation (continued)
|
|
|
BAM-TCRS
|
Build America Mutual Assurance Co. - Transferable
Custodial Receipts
|
|
CAB
|
Capital Appreciation Bonds
|
|
COP
|
Certificates of Participation
|
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
|
FNMA
|
Federal National Mortgage Association
|
|
GNMA
|
Government National Mortgage Association
|
|
GO
|
General Obligation Bonds
|
|
HUD SECT 8
|
U.S. Department of Housing and Urban Development
Section 8
|
|
M/F
|
Multi-Family
|
|
NPFGC
|
National Public Finance Guarantee Corp.
|
|
PSF
|
Permanent School Fund
|
|
RB
|
Revenue Bonds
|
|
S/F
|
Single-Family
|
|
SAP
|
Subject to Appropriations
|
|
TA
|
Tax Allocation
|