|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
MUNICIPAL SECURITIES 101.3% OF NET ASSETS
|
||||
|
ALABAMA 5.5%
|
||||
|
Auburn University
|
||||
|
Refunding RB Series 2025B
|
5.00%
|
06/01/29
|
500,000
|
534,470
|
|
Refunding RB Series 2025B
|
5.00%
|
06/01/30
|
1,000,000
|
1,089,445
|
|
Refunding RB Series 2025B
|
5.00%
|
06/01/31
|
1,000,000
|
1,106,821
|
|
Refunding RB Series 2025B
|
5.00%
|
06/01/32 (a)
|
1,000,000
|
1,120,086
|
|
Black Belt Energy Gas District
|
||||
|
RB Series 2024B
|
5.00%
|
10/01/55 (a)(b)
|
2,500,000
|
2,639,687
|
|
RB Series 2026E
|
5.00%
|
07/01/33 (b)
|
5,500,000
|
5,801,334
|
|
RB Series 2026F
|
5.00%
|
12/01/35 (b)
|
5,000,000
|
5,315,126
|
|
RB Series 2026I
|
5.00%
|
10/01/33 (b)
|
1,200,000
|
1,288,025
|
|
Refunding RB Series 2022D-1
|
4.00%
|
07/01/52 (b)
|
2,000,000
|
2,018,452
|
|
Refunding RB Series 2025D
|
5.00%
|
12/01/55 (a)(b)
|
2,000,000
|
2,131,515
|
|
County of Jefferson Sewer Revenue
|
||||
|
Refunding RB Series 2024
|
5.25%
|
10/01/49 (b)
|
1,500,000
|
1,558,582
|
|
Energy Southeast A Cooperative District
|
||||
|
RB Series 2024B
|
5.25%
|
07/01/54 (a)(b)
|
2,000,000
|
2,134,673
|
|
Southeast Alabama Gas Supply District
|
||||
|
Refunding RB Series 2024
|
5.00%
|
06/01/49 (a)(b)
|
1,500,000
|
1,581,125
|
|
Southeast Energy Authority A Cooperative District
|
||||
|
RB Series 2021B
|
4.00%
|
12/01/51 (a)(b)
|
3,450,000
|
3,490,951
|
|
RB Series 2022A-1
|
5.50%
|
01/01/53 (a)(b)
|
2,000,000
|
2,126,909
|
|
|
|
|
|
33,937,201
|
|
ARIZONA 1.2%
|
||||
|
Arizona Health Facilities Authority
|
||||
|
Banner Health Obligated Group RB Series 2015C
|
2.85%
|
01/01/46 (b)(c)(d)
|
1,070,000
|
1,070,000
|
|
Arizona Industrial Development Authority
|
||||
|
Equitable School Revolving Fund LLC Obligated Group RB Series 2023A
|
5.00%
|
11/01/28 (b)
|
2,500,000
|
2,596,615
|
|
Maricopa County School District No. 3 Tempe Elementary
|
||||
|
GO Bonds Series 2026C
|
5.00%
|
07/01/40 (b)
|
1,000,000
|
1,120,376
|
|
Maricopa County Unified School District No. 69 Paradise Valley
|
||||
|
Refunding GO Bonds Series 2025
|
5.00%
|
07/01/26
|
2,750,000
|
2,755,332
|
|
|
|
|
|
7,542,323
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
ARKANSAS 0.2%
|
||||
|
Beaver Water District of Benton & Washington Counties
|
||||
|
RB Series 2025
|
5.00%
|
04/15/35 (b)
|
500,000
|
549,414
|
|
RB Series 2025
|
4.50%
|
04/15/42 (b)
|
500,000
|
514,117
|
|
|
|
|
|
1,063,531
|
|
CALIFORNIA 5.6%
|
||||
|
Burbank-Glendale-Pasadena Airport Authority Brick Campaign
|
||||
|
RB Series 2026B
|
5.25%
|
07/01/38 (b)
|
1,000,000
|
1,142,791
|
|
California Community Choice Financing Authority
|
||||
|
RB Series 2023C
|
5.25%
|
01/01/54 (a)(b)
|
3,000,000
|
3,186,437
|
|
RB Series 2026B
|
5.00%
|
03/01/36 (b)
|
2,250,000
|
2,366,522
|
|
California Pollution Control Financing Authority
|
||||
|
Republic Services, Inc. RB Series 2019A2
|
2.95%
|
11/01/42 (a)(b)
|
2,500,000
|
2,499,098
|
|
California Public Finance Authority
|
||||
|
P3 Irvine SL Holdings LLC Obligated Group RB Series 2024A
|
6.38%
|
06/01/59 (b)
|
4,655,000
|
4,347,325
|
|
City of Los Angeles Department of Airports
|
||||
|
Refunding RB Series 2023A
|
5.00%
|
05/15/38 (b)
|
2,535,000
|
2,728,474
|
|
Hastings Campus Housing Finance Authority
|
||||
|
RB Series 2020A
|
5.00%
|
07/01/45 (b)
|
3,700,000
|
3,602,286
|
|
Los Angeles Department of Water & Power
|
||||
|
RB Series 2026A
|
5.00%
|
07/01/46 (b)
|
1,500,000
|
1,581,655
|
|
Power System Revenue RB Series 2021C
|
5.00%
|
07/01/38 (b)
|
1,000,000
|
1,065,798
|
|
Power System Revenue Refunding RB Series 2025B
|
5.00%
|
07/01/33
|
1,600,000
|
1,787,610
|
|
San Diego County Regional Airport Authority
|
||||
|
RB Series 2023B
|
5.00%
|
07/01/32
|
2,500,000
|
2,753,129
|
|
San Diego Unified School District
|
||||
|
GO Bonds Series 2010C
|
6.22%
|
07/01/31 (e)
|
1,250,000
|
1,079,948
|
|
GO Bonds Series 2010C
|
6.32%
|
07/01/32 (e)
|
1,500,000
|
1,253,192
|
|
GO Bonds Series 2010C
|
6.41%
|
07/01/33 (e)
|
1,000,000
|
806,998
|
|
GO Bonds Series 2010C
|
6.46%
|
07/01/35 (e)
|
1,300,000
|
967,332
|
|
San Francisco City & County Airport Commission-San Francisco International Airport
|
||||
|
Refunding RB Series 2022A
|
5.00%
|
05/01/31
|
1,695,000
|
1,850,824
|
|
State of California
|
||||
|
GO Bonds Series 2026
|
5.00%
|
10/01/45 (b)
|
500,000
|
551,886
|
|
University of California
|
||||
|
Refunding RB Series 2024BS
|
5.00%
|
05/15/38 (b)
|
1,250,000
|
1,411,293
|
|
|
|
|
|
34,982,598
|
|
COLORADO 2.5%
|
||||
|
Arapahoe County School District No. 5 Cherry Creek
|
||||
|
GO Bonds Series 2026
|
5.25%
|
12/15/34
|
2,500,000
|
2,940,144
|
|
City & County of Denver Airport System Revenue
|
||||
|
Refunding RB Series 2017A
|
5.00%
|
11/15/27
|
1,865,000
|
1,922,375
|
|
Refunding RB Series 2023B
|
5.00%
|
11/15/31
|
2,000,000
|
2,181,650
|
|
Refunding RB Series 2023B
|
5.00%
|
11/15/32
|
1,000,000
|
1,101,504
|
|
City & County of Denver Pledged Excise Tax Revenue
|
||||
|
RB Series 2018A-2
|
3.96%
|
08/01/31 (b)(e)
|
380,000
|
310,449
|
|
Colorado Educational & Cultural Facilities Authority
|
||||
|
Loveland Classical Schools RB Series 2023
|
4.75%
|
07/01/43 (b)(c)
|
610,000
|
611,884
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Colorado Health Facilities Authority
|
||||
|
CommonSpirit Health Obligated Group RB Series 2022
|
5.00%
|
11/01/31
|
1,300,000
|
1,417,481
|
|
CommonSpirit Health Obligated Group RB Series 2022
|
5.00%
|
11/01/32
|
1,500,000
|
1,649,864
|
|
CommonSpirit Health Obligated Group Refunding RB Series 2025A
|
5.00%
|
09/01/32
|
750,000
|
823,697
|
|
CommonSpirit Health Obligated Group Refunding RB Series 2025A
|
5.00%
|
09/01/35
|
750,000
|
838,455
|
|
Park Creek Metropolitan District
|
||||
|
Westerly Creek District Service Area Refunding Tax Allocation Series 2025
|
5.00%
|
12/01/38 (b)
|
1,500,000
|
1,622,336
|
|
|
|
|
|
15,419,839
|
|
CONNECTICUT 1.8%
|
||||
|
Connecticut State Health & Educational Facilities Authority
|
||||
|
Quinnipiac University Refunding RB Series 2026P
|
5.00%
|
07/01/41 (b)
|
1,000,000
|
1,107,873
|
|
Quinnipiac University Refunding RB Series 2026P
|
5.00%
|
07/01/42 (b)
|
1,000,000
|
1,100,186
|
|
Quinnipiac University Refunding RB Series 2026P
|
5.00%
|
07/01/43 (b)
|
1,000,000
|
1,090,251
|
|
Yale University RB Series 2025B-2
|
5.00%
|
07/01/64 (a)(b)
|
2,500,000
|
2,803,082
|
|
State of Connecticut
|
||||
|
GO Bonds Series 2020A
|
4.00%
|
01/15/37 (b)
|
2,000,000
|
2,040,784
|
|
State of Connecticut Special Tax Revenue
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
07/01/34
|
2,500,000
|
2,864,078
|
|
|
|
|
|
11,006,254
|
|
DELAWARE 0.1%
|
||||
|
Delaware State Health Facilities Authority
|
||||
|
Christiana Care Health System Obligated Group RB Series 2026
|
5.00%
|
10/01/30
|
750,000
|
820,275
|
|
DISTRICT OF COLUMBIA 0.7%
|
||||
|
District of Columbia Water & Sewer Authority
|
||||
|
RB Series 2025C-2
|
2.85%
|
10/01/60 (b)(c)(d)
|
3,000,000
|
3,000,000
|
|
Refunding RB Series 2026A
|
5.00%
|
10/01/39 (b)
|
1,250,000
|
1,412,398
|
|
|
|
|
|
4,412,398
|
|
FLORIDA 6.9%
|
||||
|
Central Florida Expressway Authority
|
||||
|
RB Series 2025A
|
5.00%
|
07/01/34
|
2,500,000
|
2,846,734
|
|
City of Hialeah Utility System
|
||||
|
Refunding RB Series 2022
|
5.00%
|
10/01/31
|
1,585,000
|
1,715,329
|
|
Refunding RB Series 2022
|
5.00%
|
10/01/37 (b)
|
2,360,000
|
2,513,771
|
|
City of Jacksonville
|
||||
|
Baptist Health System Obligated Group Refunding RB Series 2017
|
5.00%
|
08/15/34 (b)
|
910,000
|
926,249
|
|
City of Palm Coast Utility Revenue
|
||||
|
Refunding RB Series 2026
|
5.00%
|
10/01/40 (b)
|
1,150,000
|
1,285,778
|
|
City of Tampa
|
||||
|
State of Florida Cigarette Tax Revenue RB Series 2020A
|
4.41%
|
09/01/34 (b)(e)
|
1,005,000
|
734,691
|
|
State of Florida Cigarette Tax Revenue RB Series 2020A
|
3.71%
|
09/01/36 (b)(e)
|
800,000
|
530,033
|
|
State of Florida Cigarette Tax Revenue RB Series 2020A
|
3.85%
|
09/01/38 (b)(e)
|
1,000,000
|
597,086
|
|
County of Lee Airport Revenue
|
||||
|
RB Series 2026A-1
|
5.25%
|
10/01/37 (b)
|
1,575,000
|
1,783,376
|
|
RB Series 2026A-1
|
5.25%
|
10/01/41 (b)
|
750,000
|
830,759
|
|
County of Miami-Dade Aviation Revenue
|
||||
|
Refunding RB Series 2020A
|
4.00%
|
10/01/37 (b)
|
2,205,000
|
2,213,859
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
County of Seminole
|
||||
|
Refunding RB Series 2022
|
5.00%
|
10/01/52 (b)
|
1,000,000
|
1,027,318
|
|
Florida Higher Educational Facilities Financing Authority
|
||||
|
Florida Institute of Technology, Inc. RB Series 2019
|
5.00%
|
10/01/27
|
685,000
|
698,771
|
|
Hillsborough County Industrial Development Authority
|
||||
|
BayCare Obligated Group Refunding RB Series 2024C
|
5.00%
|
11/15/29
|
1,000,000
|
1,075,333
|
|
Jacksonville Aviation Authority
|
||||
|
RB Series 2026
|
5.00%
|
10/01/38 (b)
|
1,240,000
|
1,368,314
|
|
RB Series 2026
|
5.00%
|
10/01/39 (b)
|
1,200,000
|
1,311,149
|
|
Lee County Industrial Development Authority
|
||||
|
Shell Point Obligated Group RB Series 2024B-2
|
4.38%
|
11/15/29 (b)
|
1,000,000
|
1,002,590
|
|
Shell Point Obligated Group RB Series 2024B-3
|
4.13%
|
11/15/29 (b)
|
1,000,000
|
1,001,023
|
|
Shell Point Obligated Group RB Series 2024C
|
5.00%
|
11/15/44 (b)
|
3,000,000
|
3,098,492
|
|
Lee County School Board
|
||||
|
COP Series 2025A
|
5.00%
|
08/01/36 (b)
|
500,000
|
566,759
|
|
COP Series 2025A
|
5.00%
|
08/01/37 (b)
|
500,000
|
562,741
|
|
Miami Beach Health Facilities Authority
|
||||
|
Mount Sinai Medical Center of Florida Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/15/40 (b)
|
1,000,000
|
1,103,040
|
|
Mount Sinai Medical Center of Florida Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/15/41 (b)
|
1,000,000
|
1,095,675
|
|
Mount Sinai Medical Center of Florida Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/15/42 (b)
|
1,000,000
|
1,085,324
|
|
Miami-Dade County Educational Facilities Authority
|
||||
|
University of Miami RB Series 2026
|
5.00%
|
04/01/37 (b)
|
1,000,000
|
1,136,489
|
|
University of Miami RB Series 2026
|
5.00%
|
04/01/38 (b)
|
1,000,000
|
1,129,695
|
|
Orange County Health Facilities Authority
|
||||
|
Orlando Health Obligated Group Refunding RB Series 2025A
|
5.00%
|
10/01/39 (b)
|
850,000
|
935,157
|
|
Orlando Health Obligated Group Refunding RB Series 2025A
|
5.00%
|
10/01/40 (b)
|
500,000
|
547,317
|
|
Presbyterian Retirement Communities, Inc. Obligated Group Refunding RB Series
2024
|
5.00%
|
08/01/29
|
910,000
|
953,815
|
|
Osceola County School District Sales Tax Revenue
|
||||
|
RB Series 2025
|
5.00%
|
10/01/35 (b)
|
2,000,000
|
2,256,671
|
|
Tampa Bay Water
|
||||
|
Refunding RB Series 2025
|
5.00%
|
10/01/30
|
2,000,000
|
2,195,131
|
|
Village Community Development District No. 15
|
||||
|
Phase I Special Assessment Series 2023
|
4.38%
|
05/01/33 (b)
|
380,000
|
391,467
|
|
Phase I Special Assessment Series 2023
|
4.85%
|
05/01/38 (b)
|
485,000
|
503,012
|
|
Phase I Special Assessment Series 2023
|
5.25%
|
05/01/54 (b)
|
480,000
|
483,144
|
|
Special Assessment Series 2024
|
3.75%
|
05/01/29
|
190,000
|
191,057
|
|
Special Assessment Series 2024
|
4.00%
|
05/01/34 (b)
|
250,000
|
252,931
|
|
Special Assessment Series 2024
|
4.55%
|
05/01/44 (b)
|
250,000
|
247,693
|
|
Village Community Development District No. 16
|
||||
|
Special Assessment Series 2025
|
4.88%
|
05/01/45 (b)
|
1,000,000
|
1,014,308
|
|
|
|
|
|
43,212,081
|
|
GEORGIA 3.1%
|
||||
|
City of Atlanta Water & Wastewater Revenue
|
||||
|
Refunding RB Series 2026
|
5.00%
|
11/01/29
|
1,250,000
|
1,349,141
|
|
Gainesville & Hall County Hospital Authority
|
||||
|
Northeast Georgia Health System Obligated Group RB Series 2024
|
5.00%
|
10/15/34
|
500,000
|
561,193
|
|
Georgia Housing & Finance Authority
|
||||
|
RB Series 2025C
|
5.05%
|
12/01/45 (b)
|
2,500,000
|
2,574,156
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Georgia State Road & Tollway Authority
|
||||
|
RB Series 2021A
|
4.00%
|
07/15/37 (b)
|
1,515,000
|
1,558,663
|
|
Main Street Natural Gas, Inc.
|
||||
|
RB Series 2022B
|
5.00%
|
12/01/52 (b)
|
3,000,000
|
3,124,543
|
|
RB Series 2023D
|
5.00%
|
05/01/54 (a)(b)
|
1,250,000
|
1,317,125
|
|
RB Series 2024B
|
5.00%
|
12/01/54 (a)(b)
|
2,000,000
|
2,156,207
|
|
RB Series 2024C
|
5.00%
|
12/01/54 (a)(b)
|
2,000,000
|
2,112,390
|
|
RB Series 2024E
|
5.00%
|
05/01/55 (a)(b)
|
2,500,000
|
2,653,202
|
|
Metropolitan Atlanta Rapid Transit Authority
|
||||
|
RB Series 2025A
|
5.25%
|
07/01/50 (b)
|
750,000
|
805,502
|
|
Refunding RB Series 2026A
|
5.00%
|
07/01/43 (b)
|
1,000,000
|
1,115,007
|
|
|
|
|
|
19,327,129
|
|
GUAM 0.4%
|
||||
|
Guam Government Waterworks Authority
|
||||
|
Water & Wastewater System RB Series 2025A
|
5.00%
|
07/01/38 (b)
|
655,000
|
712,610
|
|
Water & Wastewater System RB Series 2025A
|
5.25%
|
07/01/39 (b)
|
500,000
|
549,389
|
|
Water & Wastewater System Refunding RB Series 2024A
|
5.00%
|
07/01/38 (b)
|
500,000
|
539,844
|
|
Water & Wastewater System Refunding RB Series 2024A
|
5.00%
|
07/01/40 (b)
|
500,000
|
532,597
|
|
|
|
|
|
2,334,440
|
|
IDAHO 0.2%
|
||||
|
Idaho Health Facilities Authority
|
||||
|
St. Luke’s Health System Ltd. Obligated Group Refunding RB Series 2025A
|
5.00%
|
03/01/41 (b)
|
500,000
|
540,741
|
|
Jerome Lincoln & Gooding Counties Joint School District No. 261
|
||||
|
GO Bonds Series 2022
|
5.25%
|
09/15/42 (b)(c)
|
500,000
|
543,942
|
|
|
|
|
|
1,084,683
|
|
ILLINOIS 7.6%
|
||||
|
Chicago Board of Education
|
||||
|
GO Bonds Series 2023A
|
5.00%
|
12/01/30
|
750,000
|
773,105
|
|
Chicago Housing Authority
|
||||
|
RB Series 2018A
|
5.00%
|
01/01/27
|
1,000,000
|
1,011,782
|
|
RB Series 2018A
|
5.00%
|
01/01/28
|
1,000,000
|
1,032,516
|
|
Chicago Midway International Airport
|
||||
|
Refunding RB Series 2024A
|
5.00%
|
01/01/34
|
1,000,000
|
1,090,042
|
|
Refunding RB Series 2024C
|
5.00%
|
01/01/37 (b)
|
1,750,000
|
1,876,907
|
|
Chicago O’Hare International Airport
|
||||
|
RB Series 2025A
|
5.25%
|
01/01/41 (b)
|
1,000,000
|
1,092,389
|
|
RB Series 2025A
|
5.25%
|
01/01/42 (b)
|
1,750,000
|
1,898,613
|
|
Chicago Park District
|
||||
|
Refunding GO Bonds Series 2023C
|
5.00%
|
01/01/37 (b)
|
600,000
|
642,560
|
|
Chicago Transit Authority Sales Tax Receipts Fund
|
||||
|
Refunding RB Series 2024A
|
5.00%
|
12/01/28
|
1,700,000
|
1,792,093
|
|
City of Chicago
|
||||
|
GO Bonds Series 2019A
|
5.50%
|
01/01/35 (b)
|
1,450,000
|
1,493,633
|
|
GO Bonds Series 2023A
|
5.00%
|
01/01/34 (b)
|
1,000,000
|
1,034,561
|
|
GO Bonds Series 2023A
|
5.50%
|
01/01/39 (b)
|
1,500,000
|
1,566,875
|
|
GO Bonds Series 2024A
|
5.00%
|
01/01/45 (b)
|
1,695,000
|
1,642,625
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
City of Chicago Waterworks Revenue
|
||||
|
RB Series 2026A
|
5.00%
|
11/01/47 (b)
|
1,000,000
|
1,044,751
|
|
County of Cook Sales Tax Revenue
|
||||
|
Refunding RB Series 2025
|
5.00%
|
11/15/49 (b)
|
1,500,000
|
1,540,833
|
|
Illinois Finance Authority
|
||||
|
Rosalind Franklin University of Medicine & Science Refunding RB Series 2017A
|
5.00%
|
08/01/30 (b)
|
900,000
|
912,663
|
|
Rosalind Franklin University of Medicine & Science Refunding RB Series 2017A
|
5.00%
|
08/01/33 (b)
|
960,000
|
970,161
|
|
Rosalind Franklin University of Medicine & Science Refunding RB Series 2017A
|
5.00%
|
08/01/34 (b)
|
1,330,000
|
1,342,864
|
|
Southern Illinois Healthcare Obligated Group Refunding RB Series 2017
|
5.00%
|
03/01/30 (b)
|
400,000
|
404,601
|
|
University of Chicago Medical Center Obligated Group RB Series 2010B
|
2.80%
|
08/01/44 (b)(c)(d)
|
730,000
|
730,000
|
|
Illinois State Toll Highway Authority
|
||||
|
Refunding RB Series 2024A
|
5.00%
|
01/01/38 (b)
|
750,000
|
838,910
|
|
Jersey & Greene County Community Unit School District No. 100 Jerseyville
|
||||
|
Refunding GO Bonds Series 2021B
|
4.00%
|
12/01/29 (b)
|
1,275,000
|
1,305,084
|
|
Northern Illinois University
|
||||
|
RB Series 2021
|
5.00%
|
10/01/27
|
325,000
|
332,431
|
|
Sales Tax Securitization Corp.
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
01/01/42 (b)
|
1,500,000
|
1,616,224
|
|
Refunding RB Series 2025A
|
5.00%
|
01/01/45 (b)
|
1,500,000
|
1,578,205
|
|
State of Illinois
|
||||
|
GO Bonds Series 2018A
|
5.00%
|
05/01/31 (b)
|
1,000,000
|
1,035,945
|
|
GO Bonds Series 2019A
|
5.00%
|
11/01/27
|
2,500,000
|
2,575,270
|
|
GO Bonds Series 2021A
|
4.00%
|
03/01/40 (b)
|
2,000,000
|
1,945,567
|
|
GO Bonds Series 2026B
|
5.00%
|
04/01/32
|
5,000,000
|
5,489,031
|
|
Refunding GO Bonds Series 2016
|
5.00%
|
02/01/28 (b)
|
1,500,000
|
1,521,917
|
|
Refunding GO Bonds Series 2018B
|
5.00%
|
10/01/33 (b)
|
1,500,000
|
1,556,419
|
|
Refunding GO Bonds Series 2024
|
5.00%
|
02/01/29
|
750,000
|
791,144
|
|
Refunding GO Bonds Series 2024
|
5.00%
|
02/01/30
|
1,150,000
|
1,233,040
|
|
Village of Bellwood
|
||||
|
Refunding GO Bonds Series 2016B
|
5.00%
|
12/01/28 (b)
|
1,855,000
|
1,872,801
|
|
|
|
|
|
47,585,562
|
|
INDIANA 1.5%
|
||||
|
City of Whiting
|
||||
|
BP Products North America, Inc. RB Series 2008
|
4.20%
|
06/01/44 (a)(b)
|
600,000
|
627,670
|
|
Indiana Finance Authority
|
||||
|
Franciscan Alliance, Inc. Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/01/38 (b)
|
1,500,000
|
1,682,250
|
|
Franciscan Alliance, Inc. Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/01/39 (b)
|
1,500,000
|
1,672,805
|
|
Parkview Health System, Inc. Refunding RB Series 2026A
|
5.00%
|
11/01/39 (b)
|
2,500,000
|
2,752,946
|
|
Republic Services, Inc. RB Series 2012
|
2.90%
|
05/01/28 (a)(b)(d)
|
585,000
|
585,000
|
|
Republic Services, Inc. Refunding RB Series 2010A
|
2.90%
|
05/01/28 (a)(b)(d)
|
585,000
|
585,000
|
|
Indiana Municipal Power Agency
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
01/01/34
|
1,200,000
|
1,355,547
|
|
|
|
|
|
9,261,218
|
|
IOWA 1.1%
|
||||
|
Cedar Rapids Community School District Infrastructure Sales Services & Use Tax
|
||||
|
RB Series 2026
|
5.00%
|
07/01/41 (b)
|
350,000
|
382,612
|
|
RB Series 2026
|
5.00%
|
07/01/42 (b)
|
300,000
|
326,051
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
PEFA, Inc.
|
||||
|
RB Series 2019
|
5.00%
|
09/01/49 (a)(b)
|
5,000,000
|
5,027,784
|
|
Refunding RB Series 2026A
|
5.00%
|
04/01/35 (b)(f)
|
1,000,000
|
1,066,171
|
|
|
|
|
|
6,802,618
|
|
KENTUCKY 1.5%
|
||||
|
Kentucky Public Energy Authority
|
||||
|
Refunding RB Series 2024B
|
5.00%
|
01/01/55 (a)(b)
|
3,500,000
|
3,709,343
|
|
Refunding RB Series 2025A
|
5.25%
|
06/01/55 (a)(b)
|
1,250,000
|
1,321,170
|
|
Kentucky State Property & Building Commission
|
||||
|
Commonwealth of Kentucky RB Series 2025A
|
5.00%
|
09/01/43 (b)
|
2,000,000
|
2,194,169
|
|
Louisville & Jefferson County Metropolitan Sewer District
|
||||
|
RB Series 2017A
|
3.25%
|
05/15/46 (b)
|
1,655,000
|
1,419,544
|
|
Northern Kentucky University
|
||||
|
RB Series 2019A
|
3.00%
|
09/01/40 (b)(c)
|
750,000
|
649,147
|
|
|
|
|
|
9,293,373
|
|
LOUISIANA 1.1%
|
||||
|
City of New Orleans
|
||||
|
Refunding GO Bonds Series 2022
|
5.00%
|
12/01/35 (b)
|
600,000
|
636,016
|
|
Refunding GO Bonds Series 2022
|
5.00%
|
12/01/36 (b)
|
440,000
|
464,220
|
|
East Baton Rouge Parish Industrial Development Board, Inc.
|
||||
|
Exxon Mobil Corp. RB Series 2010B
|
2.85%
|
12/01/40 (b)(c)(d)
|
400,000
|
400,000
|
|
Louisiana Housing Corp.
|
||||
|
RB Series 2023C
|
5.75%
|
12/01/53 (b)
|
1,635,000
|
1,763,112
|
|
Louisiana Offshore Terminal Authority
|
||||
|
Loop LLC Refunding RB Series 2007A
|
4.15%
|
09/01/27
|
3,000,000
|
3,031,093
|
|
Louisiana Public Facilities Authority
|
||||
|
Ochsner Clinic Foundation Obligated Group Refunding RB Series 2017
|
5.00%
|
05/15/27
|
500,000
|
509,272
|
|
|
|
|
|
6,803,713
|
|
MARYLAND 0.1%
|
||||
|
Maryland Health & Higher Educational Facilities Authority
|
||||
|
University of Maryland Medical System Obligated Group Refunding RB Series
2025A
|
5.00%
|
07/01/42 (b)
|
800,000
|
868,362
|
|
MASSACHUSETTS 3.9%
|
||||
|
Commonwealth of Massachusetts
|
||||
|
GO Bonds Series 2025G
|
5.00%
|
12/01/34
|
1,500,000
|
1,736,595
|
|
Refunding GO Bonds Series 2025B
|
5.00%
|
06/01/33
|
1,500,000
|
1,711,150
|
|
Commonwealth of Massachusetts Transportation Fund Revenue
|
||||
|
RB Series 2025A
|
5.00%
|
06/01/55 (b)
|
1,200,000
|
1,245,780
|
|
Refunding RB Series 2025A
|
5.00%
|
06/01/38 (b)
|
650,000
|
743,799
|
|
Massachusetts Bay Transportation Authority Sales Tax Revenue
|
||||
|
RB Series 2025B
|
5.00%
|
07/01/37 (b)
|
1,500,000
|
1,722,949
|
|
RB Series 2025B
|
5.00%
|
07/01/40 (b)
|
1,500,000
|
1,694,297
|
|
Massachusetts Development Finance Agency
|
||||
|
Beth Israel Lahey Health Obligated Group RB Series 2023M
|
5.00%
|
07/01/32
|
2,500,000
|
2,766,250
|
|
Boston Medical Center Corp. Obligated Group Refunding RB Series 2016E
|
5.00%
|
07/01/31 (b)
|
2,815,000
|
2,817,747
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Boston Medical Center Corp. Obligated Group Refunding RB Series 2023G
|
5.00%
|
07/01/26
|
865,000
|
865,986
|
|
Suffolk University Refunding RB Series 2025
|
5.50%
|
07/01/45 (b)
|
3,500,000
|
3,689,295
|
|
Massachusetts Housing Finance Agency
|
||||
|
Refunding RB Series 2018-203
|
4.50%
|
12/01/48 (b)
|
615,000
|
617,388
|
|
Massachusetts School Building Authority
|
||||
|
Refunding RB Series 2025B
|
5.00%
|
02/15/34
|
500,000
|
572,731
|
|
Massachusetts Water Resources Authority
|
||||
|
Refunding RB Series 2026D
|
5.00%
|
08/01/28 (f)
|
2,000,000
|
2,106,030
|
|
University of Massachusetts Building Authority
|
||||
|
Refunding RB Series 2026-2
|
5.00%
|
11/01/37 (b)
|
1,000,000
|
1,160,918
|
|
Refunding RB Series 2026-2
|
5.00%
|
11/01/40 (b)
|
1,000,000
|
1,137,267
|
|
|
|
|
|
24,588,182
|
|
MICHIGAN 2.2%
|
||||
|
Detroit Downtown Development Authority
|
||||
|
Catalyst Development Area Refunding Tax Allocation Series 2024
|
5.00%
|
07/01/48 (b)
|
1,335,000
|
1,380,741
|
|
Great Lakes Water Authority Water Supply System Revenue
|
||||
|
RB Series 2025D
|
5.25%
|
07/01/44 (b)
|
1,300,000
|
1,424,418
|
|
Karegnondi Water Authority
|
||||
|
County of Genesee Refunding RB Series 2024
|
5.00%
|
11/01/32
|
400,000
|
447,577
|
|
County of Genesee Refunding RB Series 2024
|
5.00%
|
11/01/33
|
400,000
|
451,779
|
|
Michigan Finance Authority
|
||||
|
Detroit Public Lighting Authority Utility Users Tax Revenue Refunding RB Series
2025A
|
5.00%
|
07/01/34
|
500,000
|
562,105
|
|
Detroit Public Lighting Authority Utility Users Tax Revenue Refunding RB Series
2025A
|
5.00%
|
07/01/41 (b)
|
510,000
|
559,597
|
|
Provident Group - HFH Energy LLC RB Series 2024
|
5.00%
|
02/28/38 (b)
|
750,000
|
805,379
|
|
Provident Group - HFH Energy LLC RB Series 2024
|
5.00%
|
02/28/39 (b)
|
750,000
|
800,602
|
|
Michigan State Building Authority
|
||||
|
Refunding RB Series 2025I
|
5.00%
|
04/15/42 (b)
|
2,000,000
|
2,206,345
|
|
Michigan State University
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
02/15/41 (b)
|
1,500,000
|
1,669,590
|
|
Southfield Public Schools
|
||||
|
GO Bonds Series 2026
|
5.00%
|
05/01/51 (b)(c)
|
2,000,000
|
2,085,867
|
|
Van Buren Public Schools
|
||||
|
GO Bonds Series 2026I
|
5.00%
|
11/01/40 (b)(c)
|
1,230,000
|
1,352,891
|
|
|
|
|
|
13,746,891
|
|
MINNESOTA 1.6%
|
||||
|
City of Minneapolis/St. Paul Housing & Redevelopment Authority
|
||||
|
Children’s Health Care Obligated Group RB Series 2025
|
5.00%
|
08/15/30
|
1,000,000
|
1,087,727
|
|
City of Rochester
|
||||
|
Mayo Clinic RB Series 2026A
|
5.00%
|
11/15/42 (b)
|
1,000,000
|
1,108,776
|
|
Minnesota Agricultural & Economic Development Board
|
||||
|
Fairview Health Services Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/15/38 (b)
|
1,350,000
|
1,479,773
|
|
Fairview Health Services Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/15/42 (b)
|
3,935,000
|
4,226,212
|
|
Stillwater Independent School District No. 834
|
||||
|
Refunding GO Bonds Series 2024A
|
5.00%
|
02/01/37 (b)(c)
|
1,665,000
|
1,813,701
|
|
|
|
|
|
9,716,189
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
MISSISSIPPI 0.1%
|
||||
|
Mississippi Development Bank
|
||||
|
Jackson Public School District RB Series 2018
|
5.00%
|
10/01/26
|
590,000
|
594,210
|
|
MISSOURI 1.5%
|
||||
|
City of St. Louis
|
||||
|
GO Bonds Series 2023A
|
5.00%
|
02/15/43 (b)
|
2,400,000
|
2,556,520
|
|
Health & Educational Facilities Authority of the State of Missouri
|
||||
|
Kansas City University RB Series 2017A
|
5.00%
|
06/01/35 (b)
|
1,000,000
|
1,016,756
|
|
Kansas City University RB Series 2017A
|
5.00%
|
06/01/36 (b)
|
1,050,000
|
1,066,640
|
|
Lutheran Senior Services Obligated Group Refunding RB Series 2016B
|
4.00%
|
02/01/37 (b)
|
2,000,000
|
1,984,437
|
|
Lutheran Senior Services Obligated Group Refunding RB Series 2024A
|
5.25%
|
02/01/48 (b)
|
1,955,000
|
1,990,235
|
|
Missouri Housing Development Commission
|
||||
|
RB Series 2018A
|
4.25%
|
05/01/49 (b)
|
515,000
|
517,722
|
|
|
|
|
|
9,132,310
|
|
MONTANA 0.4%
|
||||
|
Montana Board of Housing
|
||||
|
RB Series 2023B
|
6.00%
|
12/01/53 (b)
|
1,885,000
|
2,011,607
|
|
Refunding RB Series 2018A
|
4.00%
|
06/01/49 (b)
|
285,000
|
285,128
|
|
|
|
|
|
2,296,735
|
|
NEBRASKA 1.3%
|
||||
|
Gretna Public Schools
|
||||
|
GO Bonds Series 2022B
|
5.00%
|
12/15/27 (b)
|
1,500,000
|
1,503,714
|
|
Nebraska Public Power District
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
01/01/38 (b)
|
600,000
|
681,319
|
|
Refunding RB Series 2026A
|
5.00%
|
01/01/42 (b)
|
500,000
|
550,041
|
|
Omaha Public Power District
|
||||
|
RB Series 2026A
|
5.00%
|
02/01/42 (b)(f)
|
2,000,000
|
2,221,632
|
|
RB Series 2026A
|
5.00%
|
02/01/43 (b)(f)
|
1,000,000
|
1,101,392
|
|
RB Series 2026A
|
5.00%
|
02/01/44 (b)(f)
|
1,000,000
|
1,093,964
|
|
Village of Boys Town
|
||||
|
Father Flanagan’s Boy’s Home Refunding RB Series 2017
|
3.00%
|
09/01/28
|
1,115,000
|
1,111,206
|
|
|
|
|
|
8,263,268
|
|
NEVADA 0.3%
|
||||
|
Carson City
|
||||
|
Tahoe Regional Healthcare Obligated Group Refunding RB Series 2017A
|
5.00%
|
09/01/27
|
605,000
|
616,469
|
|
State of Nevada Department of Business & Industry
|
||||
|
Republic Services, Inc. RB Series 2001
|
2.85%
|
12/01/26 (b)
|
1,000,000
|
1,000,000
|
|
|
|
|
|
1,616,469
|
|
NEW HAMPSHIRE 0.4%
|
||||
|
New Hampshire Business Finance Authority
|
||||
|
Novant Health Obligated Group RB Series 2025A
|
5.00%
|
12/01/35 (b)
|
1,500,000
|
1,656,699
|
|
New Hampshire Health & Education Facilities Authority Act
|
||||
|
Dartmouth Health Obligated Group Refunding RB Series 2025
|
5.00%
|
08/01/41 (b)
|
1,000,000
|
1,095,685
|
|
|
|
|
|
2,752,384
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
NEW JERSEY 3.8%
|
||||
|
New Jersey Educational Facilities Authority
|
||||
|
Trustees of Princeton University RB Series 2025A
|
5.00%
|
07/01/64 (a)(b)
|
3,000,000
|
3,280,403
|
|
Trustees of Princeton University RB Series 2025A
|
5.00%
|
07/01/64 (a)(b)
|
2,500,000
|
2,884,840
|
|
New Jersey Health Care Facilities Financing Authority
|
||||
|
RWJ Barnabas Health Obligated Group Refunding RB Series 2026A
|
5.00%
|
07/01/29
|
2,000,000
|
2,129,113
|
|
New Jersey Transportation Trust Fund Authority
|
||||
|
RB Series 2014BB-1
|
5.00%
|
06/15/33 (b)
|
1,500,000
|
1,572,143
|
|
RB Series 2019BB
|
5.00%
|
06/15/44 (b)
|
1,000,000
|
1,029,119
|
|
RB Series 2023BB
|
5.00%
|
06/15/34 (b)
|
1,300,000
|
1,464,261
|
|
Refunding RB Series 2023A
|
4.25%
|
06/15/40 (b)
|
3,000,000
|
3,030,612
|
|
Refunding RB Series 2024A
|
5.00%
|
06/15/36 (b)
|
2,500,000
|
2,818,248
|
|
Refunding RB Series 2024AA
|
5.00%
|
06/15/42 (b)
|
2,500,000
|
2,719,511
|
|
New Jersey Turnpike Authority
|
||||
|
RB Series 2022B
|
4.25%
|
01/01/43 (b)
|
1,625,000
|
1,651,843
|
|
Township of Gloucester
|
||||
|
GO Bonds Series 2025
|
2.00%
|
05/15/27
|
1,035,000
|
1,022,192
|
|
|
|
|
|
23,602,285
|
|
NEW MEXICO 0.1%
|
||||
|
New Mexico Mortgage Finance Authority
|
||||
|
RB Series 2018B
|
4.00%
|
01/01/49 (b)
|
455,000
|
456,346
|
|
NEW YORK 13.1%
|
||||
|
City of New York
|
||||
|
GO Bonds Series 2018D-4
|
2.85%
|
12/01/47 (b)(c)(d)
|
600,000
|
600,000
|
|
GO Bonds Series 2021A-1
|
4.00%
|
08/01/38 (b)
|
2,000,000
|
2,011,205
|
|
GO Bonds Series 2025A-1
|
5.00%
|
08/01/42 (b)
|
1,250,000
|
1,366,378
|
|
GO Bonds Series 2025D
|
5.00%
|
10/01/41 (b)
|
1,000,000
|
1,096,892
|
|
GO Bonds Series 2025G-1
|
5.25%
|
02/01/50 (b)
|
1,000,000
|
1,057,066
|
|
Refunding GO Bonds Series 2026F-1
|
5.00%
|
08/01/36 (b)
|
750,000
|
859,358
|
|
Empire State Development Corp.
|
||||
|
State of New York Personal Income Tax Revenue Refunding RB Series 2020C
|
5.00%
|
03/15/47 (b)
|
3,000,000
|
3,090,768
|
|
State of New York Personal Income Tax Revenue Refunding RB Series 2020C
|
3.00%
|
03/15/48 (b)
|
1,060,000
|
800,606
|
|
Metropolitan Transportation Authority
|
||||
|
RB Series 2015A-2
|
5.00%
|
11/15/45 (a)(b)
|
2,845,000
|
3,049,330
|
|
Refunding RB Series 2025B
|
5.00%
|
11/15/35
|
1,000,000
|
1,143,641
|
|
Nassau County Local Economic Assistance Corp.
|
||||
|
Catholic Health Services of Long Island Obligated Group RB Series 2014
|
5.00%
|
07/01/26 (b)
|
250,000
|
250,566
|
|
New York City Housing Development Corp.
|
||||
|
RB Series 2026A-1
|
4.65%
|
11/01/45 (b)
|
2,000,000
|
2,025,535
|
|
New York City Municipal Water Finance Authority
|
||||
|
Water & Sewer System RB Series 2014BB-4
|
2.85%
|
06/15/50 (b)(c)(d)
|
1,525,000
|
1,525,000
|
|
Water & Sewer System RB Series 2023CC
|
2.85%
|
06/15/53 (b)(c)(d)
|
740,000
|
740,000
|
|
Water & Sewer System RB Series 2025BB
|
5.00%
|
06/15/43 (b)
|
2,500,000
|
2,746,196
|
|
Water & Sewer System Refunding RB Series 2025CC
|
5.00%
|
06/15/37 (b)
|
1,000,000
|
1,137,892
|
|
Water & Sewer System Refunding RB Series 2026DD
|
5.00%
|
06/15/46 (b)
|
750,000
|
805,692
|
|
New York City Transitional Finance Authority Building Aid Revenue
|
||||
|
Refunding RB Series 2018S-3A
|
5.00%
|
07/15/35 (b)
|
2,000,000
|
2,078,415
|
|
Refunding RB Series 2025S-2
|
5.00%
|
07/15/28
|
2,600,000
|
2,734,393
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
New York City Transitional Finance Authority Future Tax Secured Revenue
|
||||
|
RB Series 2015E-4
|
2.85%
|
02/01/45 (b)(c)(d)
|
3,735,000
|
3,735,000
|
|
RB Series 2018A-4
|
2.85%
|
08/01/45 (b)(c)(d)
|
500,000
|
500,000
|
|
RB Series 2025A
|
5.00%
|
05/01/40 (b)
|
1,500,000
|
1,666,124
|
|
RB Series 2025A-2
|
2.85%
|
05/01/55 (b)(c)(d)
|
5,835,000
|
5,835,000
|
|
RB Series 2025B
|
5.25%
|
05/01/55 (b)
|
2,000,000
|
2,103,011
|
|
RB Series 2025H
|
5.00%
|
11/01/44 (b)
|
500,000
|
539,696
|
|
RB Series 2026I
|
5.00%
|
11/01/47 (b)(f)
|
1,000,000
|
1,057,242
|
|
RB Series 2026I
|
5.00%
|
11/01/48 (b)(f)
|
1,000,000
|
1,049,613
|
|
RB Series 2026I
|
5.25%
|
11/01/49 (b)(f)
|
1,000,000
|
1,069,293
|
|
RB Series 2026I
|
5.25%
|
11/01/50 (b)(f)
|
1,000,000
|
1,067,374
|
|
Refunding RB Series 2025F-1
|
5.00%
|
11/01/30 (b)
|
500,000
|
546,050
|
|
New York State Dormitory Authority
|
||||
|
RB Series 2025A
|
5.00%
|
10/01/36 (b)
|
1,250,000
|
1,428,023
|
|
RB Series 2026A
|
5.00%
|
10/01/27 (f)
|
1,000,000
|
1,030,631
|
|
Personal Income Tax Revenue Refunding RB Series 2026A
|
5.00%
|
03/15/30 (b)
|
1,000,000
|
1,087,820
|
|
Rochester Institute of Technology RB Series 2022A
|
5.00%
|
07/01/39 (b)
|
1,000,000
|
1,082,994
|
|
Sales Tax Revenue Refunding RB Series 2024B
|
5.00%
|
03/15/29 (b)
|
1,250,000
|
1,333,952
|
|
Sales Tax Revenue Refunding RB Series 2024B
|
5.00%
|
03/15/30 (b)
|
1,500,000
|
1,633,430
|
|
State University of New York Dormitory Facilities Revenue Refunding RB Series
2025B
|
4.00%
|
07/01/37 (b)
|
1,205,000
|
1,238,209
|
|
White Plains Hospital Obligated Group RB Series 2024
|
5.00%
|
10/01/36 (b)
|
350,000
|
378,074
|
|
White Plains Hospital Obligated Group RB Series 2024
|
5.00%
|
10/01/37 (b)
|
500,000
|
537,045
|
|
New York State Thruway Authority
|
||||
|
Refunding RB Series 2021O
|
4.00%
|
01/01/40 (b)
|
1,865,000
|
1,873,204
|
|
Refunding RB Series 2024P
|
5.00%
|
01/01/38 (b)
|
500,000
|
563,905
|
|
Refunding RB Series 2026A
|
5.00%
|
01/01/35
|
500,000
|
575,572
|
|
New York Transportation Development Corp.
|
||||
|
JFK NTO LLC RB Series 2023
|
5.50%
|
06/30/38 (b)
|
1,000,000
|
1,065,834
|
|
JFK NTO LLC RB Series 2024
|
5.00%
|
06/30/54 (b)
|
1,250,000
|
1,256,054
|
|
JFK NTO LLC RB Series 2024
|
5.50%
|
06/30/60 (b)
|
2,000,000
|
2,026,249
|
|
JFK NTO LLC RB Series 2025
|
5.50%
|
06/30/39 (b)
|
1,000,000
|
1,093,698
|
|
JFK NTO LLC RB Series 2025
|
6.00%
|
06/30/40 (b)
|
500,000
|
566,421
|
|
JFK NTO LLC RB Series 2025
|
6.00%
|
06/30/41 (b)
|
500,000
|
563,708
|
|
Port Authority of New York & New Jersey
|
||||
|
RB Series 2020-221
|
5.00%
|
07/15/34 (b)
|
2,835,000
|
3,015,426
|
|
RB Series 2022-236
|
5.00%
|
01/15/37 (b)
|
1,000,000
|
1,079,821
|
|
RB Series 2022-236
|
5.00%
|
01/15/38 (b)
|
1,000,000
|
1,075,776
|
|
Refunding RB Series 2021-227
|
3.00%
|
10/01/28
|
2,000,000
|
2,002,696
|
|
Refunding RB Series 2025-250
|
5.00%
|
10/15/40 (b)
|
2,000,000
|
2,279,280
|
|
Triborough Bridge & Tunnel Authority
|
||||
|
RB Series 2025A
|
5.00%
|
11/15/37 (b)
|
500,000
|
565,236
|
|
Refunding RB Series 2025A-2
|
5.00%
|
11/15/37 (b)
|
675,000
|
763,068
|
|
Metropolitan Transportation Authority Payroll Mobility Tax Revenue Refunding RB
Series 2026A-1
|
4.38%
|
11/15/51 (b)
|
1,000,000
|
970,591
|
|
Triborough Bridge & Tunnel Authority Sales Tax Revenue
|
||||
|
RB Series 2023A
|
4.00%
|
05/15/48 (b)
|
2,000,000
|
1,872,804
|
|
|
|
|
|
81,246,857
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
NORTH CAROLINA 1.2%
|
||||
|
County of Brunswick
|
||||
|
GO Bonds Series 2018
|
3.20%
|
08/01/34 (b)
|
2,230,000
|
2,224,027
|
|
North Carolina Capital Facilities Finance Agency
|
||||
|
Meredith College Refunding RB Series 2018
|
5.00%
|
06/01/26
|
1,735,000
|
1,735,000
|
|
North Carolina Housing Finance Agency
|
||||
|
RB Series 2025A-59
|
4.15%
|
07/01/40 (b)
|
1,000,000
|
1,009,914
|
|
North Carolina Medical Care Commission
|
||||
|
Carolina Meadows, Inc. Obligated Group RB Series 2024
|
5.25%
|
12/01/49 (b)
|
2,350,000
|
2,417,788
|
|
|
|
|
|
7,386,729
|
|
OHIO 3.1%
|
||||
|
Buckeye Tobacco Settlement Financing Authority
|
||||
|
Refunding RB Series 2020A-2
|
5.00%
|
06/01/34 (b)
|
1,945,000
|
2,067,328
|
|
Refunding RB Series 2020A-2
|
5.00%
|
06/01/35 (b)
|
3,055,000
|
3,231,556
|
|
City of Columbus
|
||||
|
GO Bonds Series 2017A
|
3.15%
|
04/01/35 (b)
|
2,150,000
|
2,105,203
|
|
County of Franklin
|
||||
|
Nationwide Children’s Hospital, Inc. RB Series 2025B-2
|
2.85%
|
11/01/65 (b)(c)(d)
|
900,000
|
900,000
|
|
Ohio Air Quality Development Authority
|
||||
|
American Electric Power Co., Inc. Refunding RB Series 2005B
|
3.70%
|
07/01/28
|
2,000,000
|
2,014,872
|
|
State of Ohio
|
||||
|
GO Bonds Series 2026A
|
5.00%
|
09/15/27
|
2,000,000
|
2,065,483
|
|
GO Bonds Series 2026A
|
5.00%
|
09/15/28
|
1,000,000
|
1,055,527
|
|
RB Series 2025B
|
5.00%
|
10/01/44 (b)
|
1,500,000
|
1,624,815
|
|
RB Series 2026A
|
5.00%
|
10/01/35 (b)
|
1,000,000
|
1,145,755
|
|
Refunding GO Bonds Series 2025B
|
5.00%
|
09/15/33
|
2,500,000
|
2,850,154
|
|
|
|
|
|
19,060,693
|
|
OKLAHOMA 0.6%
|
||||
|
Oklahoma Capitol Improvement Authority
|
||||
|
Department of Transportation Refunding RB Series 2026A
|
5.00%
|
07/01/28
|
3,000,000
|
3,148,639
|
|
Oklahoma Development Finance Authority
|
||||
|
RB Series 2014E
|
4.00%
|
06/01/27 (b)
|
29,000
|
29,024
|
|
Oklahoma Municipal Power Authority
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
01/01/39 (b)
|
350,000
|
389,156
|
|
Refunding RB Series 2025A
|
5.00%
|
01/01/40 (b)
|
325,000
|
356,919
|
|
|
|
|
|
3,923,738
|
|
OREGON 1.2%
|
||||
|
City of Seaside Transient Lodging Tax Revenue
|
||||
|
RB Series 2018
|
5.00%
|
12/15/37 (b)
|
1,875,000
|
1,935,192
|
|
Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow
|
||||
|
GO Bonds Series 2019A
|
3.44%
|
06/15/34 (b)(c)(e)
|
300,000
|
224,885
|
|
GO Bonds Series 2019A
|
3.54%
|
06/15/36 (b)(c)(e)
|
420,000
|
286,451
|
|
GO Bonds Series 2019A
|
3.59%
|
06/15/37 (b)(c)(e)
|
500,000
|
324,120
|
|
Oregon State Lottery
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
04/01/38 (b)
|
1,000,000
|
1,134,834
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
State of Oregon Department of Transportation
|
||||
|
RB Series 2026A
|
5.00%
|
11/15/35
|
680,000
|
790,313
|
|
RB Series 2026A
|
5.00%
|
11/15/45 (b)
|
500,000
|
541,120
|
|
Umatilla County School District No. 6R Umatilla
|
||||
|
GO Bonds Series 2017
|
5.00%
|
06/15/29 (b)(c)
|
340,000
|
348,666
|
|
GO Bonds Series 2017
|
5.00%
|
06/15/30 (b)(c)
|
300,000
|
307,568
|
|
GO Bonds Series 2017
|
5.00%
|
06/15/32 (b)(c)
|
350,000
|
358,210
|
|
GO Bonds Series 2017
|
5.00%
|
06/15/33 (b)(c)
|
520,000
|
531,858
|
|
GO Bonds Series 2017
|
5.00%
|
06/15/34 (b)(c)
|
350,000
|
357,763
|
|
GO Bonds Series 2017
|
5.00%
|
06/15/35 (b)(c)
|
410,000
|
418,797
|
|
|
|
|
|
7,559,777
|
|
PENNSYLVANIA 4.4%
|
||||
|
Allegheny County Sanitary Authority
|
||||
|
Refunding RB Series 2025
|
4.00%
|
12/01/41 (b)
|
1,715,000
|
1,738,633
|
|
City of Philadelphia
|
||||
|
Refunding GO Bonds Series 2025C
|
5.00%
|
08/01/30
|
1,250,000
|
1,361,940
|
|
Commonwealth of Pennsylvania
|
||||
|
Refunding GO Bonds Series 2026-1st
|
5.00%
|
08/01/27
|
1,010,000
|
1,039,457
|
|
Pennsylvania Economic Development Financing Authority
|
||||
|
UPMC Obligated Group Refunding RB Series 2025A
|
5.00%
|
03/15/60 (a)(b)
|
2,000,000
|
2,184,835
|
|
UPMC Obligated Group Refunding RB Series 2026A
|
5.00%
|
12/15/30
|
2,230,000
|
2,420,032
|
|
Waste Management, Inc. RB Series 2017A
|
3.88%
|
08/01/37 (a)(b)
|
1,250,000
|
1,251,926
|
|
Waste Management, Inc. RB Series 2025A
|
2.88%
|
06/01/49 (b)
|
2,500,000
|
2,500,000
|
|
Pennsylvania Higher Educational Facilities Authority
|
||||
|
Thomas Jefferson University Obligated Group Refunding RB Series 2024B-1
|
4.00%
|
11/01/42 (b)
|
1,100,000
|
1,057,998
|
|
Pennsylvania Housing Finance Agency
|
||||
|
RB Series 2025151-A
|
4.15%
|
10/01/40 (b)
|
1,500,000
|
1,512,020
|
|
RB Series 2025-152A
|
4.50%
|
10/01/46 (b)
|
2,000,000
|
1,986,500
|
|
RB Series 2025A-151
|
4.60%
|
10/01/45 (b)
|
2,000,000
|
2,014,323
|
|
Refunding RB Series 2025-150A
|
4.90%
|
10/01/40 (b)
|
2,000,000
|
2,093,771
|
|
Pennsylvania Turnpike Commission
|
||||
|
RB Series 2025A
|
5.00%
|
12/01/39 (b)
|
650,000
|
732,028
|
|
Refunding RB Series 2022B
|
5.00%
|
12/01/47 (b)
|
1,000,000
|
1,046,538
|
|
Refunding RB Series 2022B
|
5.25%
|
12/01/52 (b)
|
750,000
|
782,231
|
|
Refunding RB Series 2025-1st
|
5.00%
|
12/01/31
|
1,005,000
|
1,110,703
|
|
Refunding RB Series 2026-1st
|
5.00%
|
12/01/39 (b)
|
1,000,000
|
1,129,860
|
|
Pennsylvania Turnpike Commission Oil Franchise Tax Revenue
|
||||
|
Refunding RB Series 2021B
|
4.00%
|
12/01/51 (b)
|
1,400,000
|
1,254,928
|
|
|
|
|
|
27,217,723
|
|
PUERTO RICO 0.6%
|
||||
|
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue
|
||||
|
RB Series 2018A-1
|
4.75%
|
07/01/53 (b)
|
2,250,000
|
2,167,579
|
|
RB Series 2018A-1
|
5.00%
|
07/01/58 (b)
|
1,821,000
|
1,799,501
|
|
|
|
|
|
3,967,080
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
RHODE ISLAND 0.5%
|
||||
|
Rhode Island Health & Educational Building Corp.
|
||||
|
Bryant University Refunding RB Series 2024
|
5.00%
|
06/01/40 (b)
|
2,000,000
|
2,151,636
|
|
Lifespan Corp. Obligated Group RB Series 2024
|
5.00%
|
05/15/38 (b)
|
750,000
|
808,971
|
|
|
|
|
|
2,960,607
|
|
SOUTH CAROLINA 1.0%
|
||||
|
Clemson University
|
||||
|
Athletic Facilities Revenue RB Series 2025A
|
5.00%
|
05/01/30
|
390,000
|
423,623
|
|
Athletic Facilities Revenue RB Series 2025A
|
5.00%
|
05/01/31
|
515,000
|
568,294
|
|
South Carolina Public Service Authority
|
||||
|
RB Series 2024A
|
5.25%
|
12/01/49 (b)
|
1,000,000
|
1,053,881
|
|
RB Series 2025A
|
5.00%
|
12/01/36 (b)
|
250,000
|
281,847
|
|
RB Series 2025A
|
5.00%
|
12/01/40 (b)
|
375,000
|
413,577
|
|
Refunding RB Series 2024B
|
4.13%
|
12/01/44 (b)
|
1,100,000
|
1,077,647
|
|
Refunding RB Series 2025B
|
5.00%
|
12/01/28
|
500,000
|
527,831
|
|
South Carolina State Housing Finance & Development Authority
|
||||
|
RB Series 2025B
|
5.00%
|
01/01/55 (b)
|
1,600,000
|
1,622,315
|
|
|
|
|
|
5,969,015
|
|
TENNESSEE 1.3%
|
||||
|
Metropolitan Government Nashville & Davidson County Health & Educational Facilities
Board
|
||||
|
Belmont University RB Series 2023
|
5.25%
|
05/01/48 (b)
|
1,500,000
|
1,554,163
|
|
Vanderbilt University Medical Center Obligated Group Refunding RB Series 2026B
|
5.00%
|
07/01/37 (b)
|
870,000
|
974,641
|
|
Vanderbilt University Medical Center Obligated Group Refunding RB Series 2026B
|
5.00%
|
07/01/42 (b)
|
795,000
|
863,535
|
|
Vanderbilt University Medical Center Obligated Group Refunding RB Series 2026B
|
5.00%
|
07/01/43 (b)
|
500,000
|
539,500
|
|
Vanderbilt University Medical Center Obligated Group Refunding RB Series 2026B
|
5.00%
|
07/01/44 (b)
|
895,000
|
955,967
|
|
Metropolitan Nashville Airport Authority
|
||||
|
RB Series 2022B
|
5.25%
|
07/01/47 (b)
|
1,500,000
|
1,553,572
|
|
Shelby County Health Educational & Housing Facilities Board
|
||||
|
Baptist Memorial Health Care Obligated Group RB Series 2024B
|
5.00%
|
09/01/49 (a)(b)
|
1,000,000
|
1,049,159
|
|
Tennessee Housing Development Agency
|
||||
|
RB Series 2023-3A
|
6.25%
|
01/01/54 (b)
|
420,000
|
452,270
|
|
|
|
|
|
7,942,807
|
|
TEXAS 12.8%
|
||||
|
Bexar County Hospital District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
02/15/36
|
595,000
|
673,419
|
|
Board of Regents of the University of Texas System
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
08/15/32
|
1,000,000
|
1,124,720
|
|
Refunding RB Series 2026A
|
5.00%
|
08/15/38
|
1,000,000
|
1,166,186
|
|
City of Allen
|
||||
|
Refunding GO Bonds Series 2024
|
5.00%
|
08/15/37 (b)
|
1,000,000
|
1,106,410
|
|
City of Alvin Water & Sewer System Revenue
|
||||
|
RB Series 2023
|
4.00%
|
02/01/37 (b)
|
1,105,000
|
1,123,599
|
|
City of Austin Airport System Revenue
|
||||
|
RB Series 2022
|
5.00%
|
11/15/32
|
300,000
|
330,451
|
|
RB Series 2026B
|
5.25%
|
11/15/51 (b)
|
3,000,000
|
3,120,291
|
|
City of Celina
|
||||
|
GO Bonds Series 2024
|
5.00%
|
09/01/26
|
1,000,000
|
1,005,582
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
City of Corpus Christi Utility System Revenue
|
||||
|
RB Series 2022B
|
5.00%
|
07/15/47 (b)
|
4,000,000
|
4,101,714
|
|
City of Galveston Wharves & Terminal Revenue
|
||||
|
RB Series 2023
|
6.00%
|
08/01/43 (b)
|
1,250,000
|
1,363,816
|
|
City of Houston
|
||||
|
GO Bonds Series 2025
|
5.00%
|
03/01/34
|
1,100,000
|
1,245,074
|
|
City of Houston Airport System Revenue
|
||||
|
RB Series 2025A
|
5.00%
|
07/01/28
|
750,000
|
779,407
|
|
City of Houston Hotel Occupancy Tax & Special Revenue
|
||||
|
Refunding RB Series 2026C
|
5.00%
|
09/01/42 (b)
|
500,000
|
545,227
|
|
City of Lubbock Water & Wastewater System
|
||||
|
RB Series 2025
|
5.00%
|
02/15/40 (b)
|
400,000
|
439,571
|
|
RB Series 2025
|
5.00%
|
02/15/41 (b)
|
250,000
|
273,361
|
|
City of San Antonio
|
||||
|
GO Bonds Series 2023
|
4.00%
|
02/01/42 (b)
|
2,000,000
|
2,007,882
|
|
City of Waxahachie
|
||||
|
GO Bonds Series 2023
|
4.13%
|
08/01/41 (b)
|
400,000
|
407,596
|
|
GO Bonds Series 2023
|
4.25%
|
08/01/43 (b)
|
500,000
|
504,931
|
|
Clifton Higher Education Finance Corp.
|
||||
|
International Leadership of Texas, Inc. Refunding RB Series 2025A
|
5.00%
|
02/15/27 (c)
|
1,000,000
|
1,014,597
|
|
International Leadership of Texas, Inc. Refunding RB Series 2025A
|
5.00%
|
02/15/29 (c)
|
575,000
|
605,277
|
|
International Leadership of Texas, Inc. Refunding RB Series 2025A
|
5.00%
|
02/15/32 (c)
|
2,875,000
|
3,141,082
|
|
Dallas Fort Worth International Airport
|
||||
|
RB Series 2025A-1
|
5.00%
|
11/01/29
|
2,000,000
|
2,128,918
|
|
Fort Bend Independent School District
|
||||
|
Refunding GO Bonds Series 2026A
|
5.00%
|
08/15/40 (b)(c)
|
3,000,000
|
3,373,648
|
|
Georgetown Independent School District
|
||||
|
GO Bonds Series 2024
|
5.00%
|
02/15/35 (b)(c)
|
1,700,000
|
1,926,371
|
|
Greenwood Independent School District
|
||||
|
GO Bonds Series 2024
|
4.00%
|
02/15/54 (b)(c)
|
1,000,000
|
904,266
|
|
Harris County Cultural Education Facilities Finance Corp.
|
||||
|
Baylor College of Medicine Obligated Group RB Series 2024A
|
5.00%
|
05/15/29 (b)
|
2,000,000
|
2,103,915
|
|
Harris County Hospital District
|
||||
|
GO Bonds Series 2025
|
5.00%
|
02/15/40 (b)
|
1,500,000
|
1,642,537
|
|
Humble Independent School District
|
||||
|
Refunding GO Bonds Series 2025
|
5.00%
|
02/15/30 (c)
|
1,250,000
|
1,351,149
|
|
Refunding GO Bonds Series 2025
|
5.00%
|
02/15/31 (c)
|
2,000,000
|
2,194,412
|
|
Lamar Consolidated Independent School District
|
||||
|
GO Bonds Series 2023A
|
4.00%
|
02/15/48 (b)(c)
|
1,360,000
|
1,272,288
|
|
Lower Neches Valley Authority Industrial Development Corp.
|
||||
|
Exxon Mobil Corp. Refunding RB Series 2001A
|
2.85%
|
11/01/29 (b)(c)(d)
|
600,000
|
600,000
|
|
Mission Economic Development Corp.
|
||||
|
Waste Management, Inc. RB Series 2020A
|
2.88%
|
05/01/46 (a)(b)
|
1,000,000
|
1,000,000
|
|
Newark Higher Education Finance Corp.
|
||||
|
Hughen Center, Inc. RB Series 2022A
|
5.00%
|
08/15/37 (b)(c)
|
500,000
|
541,192
|
|
Hughen Center, Inc. RB Series 2022A
|
5.00%
|
08/15/47 (b)(c)
|
680,000
|
699,412
|
|
Hughen Center, Inc. RB Series 2022A
|
5.00%
|
08/15/52 (b)(c)
|
500,000
|
507,777
|
|
Orenda Education RB Series 2023A
|
5.00%
|
08/15/43 (b)(c)
|
1,865,000
|
1,967,263
|
|
Orenda Education RB Series 2023A
|
4.00%
|
08/15/48 (b)(c)
|
1,000,000
|
909,753
|
|
North East Texas Regional Mobility Authority
|
||||
|
Refunding RB Series 2025B
|
5.25%
|
01/01/45 (b)
|
500,000
|
527,928
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
North Texas Municipal Water District Upper East Fork Wastewater Interceptor System
|
||||
|
RB Series 2025
|
4.00%
|
06/01/43 (b)
|
2,000,000
|
1,985,216
|
|
North Texas Municipal Water District Water System Revenue
|
||||
|
Refunding RB Series 2025
|
5.00%
|
09/01/27
|
750,000
|
772,780
|
|
Refunding RB Series 2025
|
5.00%
|
09/01/28
|
1,000,000
|
1,053,386
|
|
North Texas Tollway Authority
|
||||
|
Tollway System Refunding RB Series 2025A
|
5.00%
|
01/01/39 (b)
|
700,000
|
778,146
|
|
Northside Independent School District
|
||||
|
Refunding GO Bonds Series 2024B
|
3.45%
|
08/01/54 (a)(b)(c)
|
2,465,000
|
2,466,990
|
|
Permanent University Fund - Texas A&M University System
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
07/01/31 (c)
|
2,500,000
|
2,765,416
|
|
Prosper Independent School District
|
||||
|
GO Bonds Series 2019B
|
4.00%
|
02/15/50 (a)(b)(c)
|
2,500,000
|
2,505,888
|
|
GO Bonds Series 2025
|
4.75%
|
02/15/55 (b)(c)
|
1,500,000
|
1,520,555
|
|
Rockwall Independent School District
|
||||
|
GO Bonds Series 2023
|
4.00%
|
02/15/53 (b)(c)
|
2,000,000
|
1,814,687
|
|
San Jacinto Community College District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
02/15/35
|
1,500,000
|
1,718,156
|
|
Texas Department of Housing & Community Affairs
|
||||
|
RB Series 2018A
|
4.75%
|
03/01/49 (b)
|
385,000
|
387,949
|
|
RB Series 2019A
|
4.75%
|
01/01/49 (b)
|
570,000
|
574,145
|
|
RB Series 2026A
|
4.15%
|
07/01/41 (b)
|
2,000,000
|
2,004,008
|
|
Texas Municipal Gas Acquisition & Supply Corp. III
|
||||
|
Refunding RB Series 2021
|
5.00%
|
12/15/31
|
1,250,000
|
1,328,173
|
|
Texas Municipal Gas Acquisition & Supply Corp. VI
|
||||
|
RB Series 2025
|
5.00%
|
01/01/36 (b)
|
2,000,000
|
2,137,382
|
|
Texas Municipal Power Agency
|
||||
|
Refunding RB Series 2021
|
3.00%
|
09/01/30 (b)
|
875,000
|
864,037
|
|
Texas Private Activity Bond Surface Transportation Corp.
|
||||
|
NTE Mobility Partners LLC RB Series 2023
|
5.50%
|
12/31/58 (b)
|
1,835,000
|
1,898,694
|
|
Texas State Affordable Housing Corp.
|
||||
|
RB Series 2019A
|
4.25%
|
03/01/49 (b)
|
485,000
|
487,864
|
|
Texas State University System
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
03/15/40 (b)
|
1,000,000
|
1,128,364
|
|
Texas Water Development Board
|
||||
|
State Revolving Fund RB Series 2025
|
4.50%
|
10/15/43 (b)
|
350,000
|
361,682
|
|
State Revolving Fund RB Series 2025
|
4.50%
|
10/15/45 (b)
|
500,000
|
508,820
|
|
State Revolving Fund RB Series 2025
|
4.75%
|
10/15/50 (b)
|
1,000,000
|
1,013,312
|
|
|
|
|
|
79,806,672
|
|
UTAH 0.8%
|
||||
|
Downtown Revitalization Public Infrastructure District
|
||||
|
City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025A
|
5.00%
|
06/01/40 (b)
|
500,000
|
552,264
|
|
City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025A
|
5.25%
|
06/01/43 (b)
|
500,000
|
554,898
|
|
City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025B
|
5.00%
|
06/01/40 (b)
|
500,000
|
550,650
|
|
City of Salt Lake City Revitalization Sales Tax Revenue RB Series 2025B
|
5.25%
|
06/01/43 (b)
|
500,000
|
554,898
|
|
Utah Board of Higher Education
|
||||
|
Salt Lake Community College Student Building Fee Revenue RB Series 2018
|
5.00%
|
03/01/27 (b)
|
360,000
|
361,625
|
|
Salt Lake Community College Student Building Fee Revenue RB Series 2018
|
5.00%
|
03/01/28 (b)
|
425,000
|
425,687
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Utah Municipal Power Agency
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
07/01/29 (f)
|
800,000
|
854,484
|
|
Refunding RB Series 2026A
|
5.00%
|
07/01/30 (f)
|
1,000,000
|
1,085,585
|
|
|
|
|
|
4,940,091
|
|
VERMONT 0.0%
|
||||
|
Vermont Housing Finance Agency
|
||||
|
RB Series 2018C
|
4.75%
|
11/01/48 (b)
|
134,000
|
134,691
|
|
VIRGINIA 0.1%
|
||||
|
Albemarle County Economic Development Authority
|
||||
|
Sentara Healthcare Obligated Group Refunding RB Series 2018B
|
2.80%
|
10/01/48 (b)(c)(d)
|
500,000
|
500,000
|
|
WASHINGTON 1.9%
|
||||
|
Central Puget Sound Regional Transit Authority
|
||||
|
Sales Motor Vehicle & Rental Car Tax RB Series 2016S-1
|
5.00%
|
11/01/46
|
2,250,000
|
2,558,304
|
|
King County Public Hospital District No. 2
|
||||
|
GO Bonds Series 2026
|
5.50%
|
12/01/50 (b)
|
1,000,000
|
1,072,515
|
|
King County School District No. 403 Renton
|
||||
|
GO Bonds Series 2023
|
4.00%
|
12/01/41 (b)(c)
|
1,000,000
|
1,010,633
|
|
Port of Seattle
|
||||
|
RB Series 2025B
|
5.00%
|
10/01/28
|
1,000,000
|
1,047,732
|
|
Skagit County Public Hospital District No. 1
|
||||
|
RB Series 2024
|
5.50%
|
12/01/39 (b)
|
500,000
|
540,673
|
|
State of Washington
|
||||
|
GO Bonds Series 2021C
|
5.00%
|
02/01/33 (b)
|
1,060,000
|
1,160,370
|
|
GO Bonds Series 2025A
|
5.00%
|
08/01/39 (b)
|
1,000,000
|
1,128,424
|
|
Refunding GO Bonds Series 2025R-2025E
|
5.00%
|
08/01/40 (b)
|
2,210,000
|
2,480,515
|
|
Washington Health Care Facilities Authority
|
||||
|
Overlake Hospital Medical Center Obligated Group Refunding RB Series 2014
|
5.00%
|
07/01/29 (b)
|
780,000
|
780,458
|
|
|
|
|
|
11,779,624
|
|
WEST VIRGINIA 0.2%
|
||||
|
West Virginia Hospital Finance Authority
|
||||
|
Vandalia Health, Inc. Obligated Group RB Series 2023B
|
6.00%
|
09/01/48 (b)
|
1,000,000
|
1,079,687
|
|
WISCONSIN 1.8%
|
||||
|
Public Finance Authority
|
||||
|
RB Series 2025-VRS220
|
2.95%
|
02/15/55 (b)(c)(g)(h)
|
2,400,000
|
2,400,000
|
|
Racine Unified School District
|
||||
|
Refunding GO Bonds Series 2024
|
4.00%
|
04/01/44 (b)
|
1,265,000
|
1,266,285
|
|
State of Wisconsin
|
||||
|
Refunding GO Bonds Series 2023-2
|
5.00%
|
05/01/36 (b)
|
2,000,000
|
2,231,487
|
|
Refunding GO Bonds Series 20261
|
5.00%
|
05/01/40 (b)
|
1,000,000
|
1,135,299
|
|
Wisconsin Center District
|
||||
|
RB Series 2020D
|
3.20%
|
12/15/35 (b)(e)
|
2,900,000
|
2,015,163
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Wisconsin Health & Educational Facilities Authority
|
||||
|
Franciscan Sisters of Christian Charity Sponsored Ministries, Inc. Obligated Group
RB Series 2017A
|
5.00%
|
09/01/31 (b)(i)
|
1,000,000
|
1,030,123
|
|
Franciscan Sisters of Christian Charity Sponsored Ministries, Inc. Obligated Group
RB Series 2017A
|
5.00%
|
09/01/32 (b)(i)
|
1,025,000
|
1,055,876
|
|
|
|
|
|
11,134,233
|
|
Total Municipal Securities
(Cost $621,336,343)
|
629,132,891
|
|||
|
Total Investments in Securities
(Cost $621,336,343)
|
629,132,891
|
|||
|
(a)
|
Bond currently pays a fixed coupon rate and will be remarketed at a to be determined
rate at the end of the current fixed rate term.
|
|
(b)
|
The effective maturity may be shorter than the final maturity shown because the security
is subject to a put, demand or call feature.
|
|
(c)
|
Credit-enhanced or liquidity-enhanced.
|
|
(d)
|
VRDN is a municipal security which allows holders to sell their security through a
put or tender feature, at par value plus accrued interest. The interest rate resets
on a
periodic basis, the majority of which are weekly but may be daily or monthly. Unless
a reference rate and spread is shown parenthetically, the Remarketing Agent, generally
a dealer, determines the interest rate for the security at each interest rate reset
date. The rate is typically based on the SIFMA Municipal Swap Index.
|
|
(e)
|
Zero coupon bond. When a security is purchased with a zero coupon rate the effective
yield at the time of purchase is shown.
|
|
(f)
|
Security or a portion of the security purchased on a delayed-delivery or when-issued
basis.
|
|
(g)
|
Securities exempt from registration under Rule 144A of the Securities Act of 1933,
as amended. These securities may be resold in transactions exempt from registrations,
normally to qualified institutional buyers. At the period end, the value of these
amounted to $2,400,000 or 0.4% of net assets.
|
|
(h)
|
TOB is a synthetically created VRDN where the owner of a long-term bond places the
bond in a trust in combination with a liquidity facility. The trust then sells certificates
which mirror the VRDN sold directly by a municipal issuer. VRDN is a municipal security
which allows holders to sell their security through a put or tender feature, at par
value plus accrued interest. The interest rate resets on a periodic basis, the majority
of which are weekly but may be daily or monthly. Unless a reference rate and spread
is
shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest
rate for the security at each interest rate reset date. The rate is typically based
on the SIFMA Municipal Swap Index.
|
|
(i)
|
Refunded bond.
|
|
COP —
|
Certificate of participation
|
|
GO —
|
General obligation
|
|
RB —
|
Revenue bond
|
|
SIFMA —
|
Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index
is a market index comprised of high-grade 7-day tax-exempt Variable Rate
Demand Obligations with certain characteristics.
|
|
TOB —
|
Tender option bond
|
|
VRDN —
|
Variable rate demand note
|
|
DESCRIPTION
|
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
|
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
|
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
|
TOTAL
|
|
Assets
|
|
|
|
|
|
Municipal Securities1
|
$—
|
$629,132,891
|
$—
|
$629,132,891
|
|
Total
|
$—
|
$629,132,891
|
$—
|
$629,132,891
|
|
1
|
As categorized in the Portfolio Holdings.
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
MUNICIPAL SECURITIES 100.4% OF NET ASSETS
|
||||
|
CALIFORNIA 98.4%
|
||||
|
Alameda Corridor Transportation Authority
|
||||
|
RB Series 2024C
|
5.03%
|
10/01/53 (a)(b)
|
1,000,000
|
257,271
|
|
Refunding RB Series 2022A
|
5.40%
|
10/01/50 (a)(b)(c)
|
3,000,000
|
1,745,232
|
|
Alameda County Fire Department
|
||||
|
GO Bonds Series 2025
|
5.00%
|
06/01/44 (a)
|
625,000
|
695,050
|
|
GO Bonds Series 2025
|
5.00%
|
06/01/50 (a)
|
1,225,000
|
1,303,195
|
|
Alhambra Unified School District
|
||||
|
GO Bonds Series 2023B
|
5.25%
|
08/01/48 (a)
|
1,000,000
|
1,071,416
|
|
Alum Rock Union Elementary School District
|
||||
|
GO Bonds Series 2026B
|
5.00%
|
08/01/51 (a)(d)
|
1,000,000
|
1,060,375
|
|
Alvord Unified School District
|
||||
|
GO Bonds Series 2026B
|
5.00%
|
08/01/28
|
725,000
|
765,736
|
|
Anaheim Housing & Public Improvements Authority
|
||||
|
Electric System Revenue Refunding RB Series 2025B
|
5.00%
|
10/01/32 (a)
|
500,000
|
549,609
|
|
Antelope Valley Community College District
|
||||
|
GO Bonds Series 2025D
|
4.65%
|
08/01/44 (a)(b)
|
850,000
|
374,714
|
|
GO Bonds Series 2025D
|
4.71%
|
08/01/46 (a)(b)
|
1,000,000
|
393,082
|
|
Bay Area Toll Authority
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
04/01/61 (a)
|
4,000,000
|
4,538,410
|
|
Beverly Hills Unified School District
|
||||
|
GO Bonds Series 2009
|
4.04%
|
08/01/26 (b)
|
555,000
|
552,718
|
|
GO Bonds Series 2017
|
4.06%
|
08/01/34 (a)(b)
|
7,705,000
|
5,552,262
|
|
Bonita Unified School District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/31
|
600,000
|
672,779
|
|
Burbank-Glendale-Pasadena Airport Authority Brick Campaign
|
||||
|
RB Series 2026B
|
5.25%
|
07/01/39 (a)
|
1,000,000
|
1,136,270
|
|
RB Series 2026B
|
4.63%
|
07/01/51 (a)
|
500,000
|
497,475
|
|
Cabrillo Unified School District
|
||||
|
GO Bonds Series 2026B
|
5.00%
|
08/01/50 (a)
|
800,000
|
854,994
|
|
GO Bonds Series 2026B
|
5.00%
|
08/01/53 (a)
|
800,000
|
847,231
|
|
California Community Choice Financing Authority
|
||||
|
RB Series 2022A-1
|
4.00%
|
05/01/53 (a)(e)
|
5,000,000
|
5,060,577
|
|
RB Series 2023B-1
|
5.00%
|
07/01/53 (a)
|
1,995,000
|
2,084,941
|
|
RB Series 2023C
|
5.25%
|
01/01/54 (a)(e)
|
3,750,000
|
3,983,047
|
|
RB Series 2023D
|
5.50%
|
05/01/54 (a)(e)
|
6,000,000
|
6,268,054
|
|
RB Series 2023E-1
|
5.00%
|
02/01/54 (a)
|
2,000,000
|
2,112,298
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
RB Series 2023F
|
5.50%
|
10/01/54 (a)(e)
|
4,465,000
|
4,856,538
|
|
RB Series 2023G
|
5.25%
|
11/01/54 (a)(e)
|
2,000,000
|
2,114,088
|
|
RB Series 2024A-1
|
5.00%
|
05/01/54 (a)(e)
|
1,000,000
|
1,061,119
|
|
RB Series 2024E
|
5.00%
|
02/01/55 (a)(e)
|
2,000,000
|
2,126,398
|
|
RB Series 2025B
|
5.00%
|
03/01/56 (a)(e)
|
3,000,000
|
3,227,388
|
|
RB Series 2025C
|
5.00%
|
12/01/55 (a)(e)
|
4,000,000
|
4,179,337
|
|
RB Series 2026A-1
|
5.00%
|
04/01/56 (a)
|
4,000,000
|
4,322,677
|
|
RB Series 2026B
|
5.00%
|
03/01/36 (a)
|
2,250,000
|
2,366,522
|
|
RB Series 2026D
|
5.00%
|
02/01/31 (a)
|
2,000,000
|
2,123,821
|
|
California County Tobacco Securitization Agency
|
||||
|
Los Angeles County Securitization Corp. Refunding RB Series 2020A
|
4.00%
|
06/01/38 (a)
|
340,000
|
333,187
|
|
California Educational Facilities Authority
|
||||
|
Leland Stanford Junior University RB Series 2025V-4
|
5.00%
|
03/01/55 (a)(e)
|
1,000,000
|
1,132,301
|
|
Leland Stanford Junior University RB Series 2025V-5
|
5.00%
|
03/01/55 (a)(e)
|
1,250,000
|
1,475,532
|
|
University of Redlands RB Series 2022A
|
5.00%
|
10/01/44 (a)
|
1,500,000
|
1,524,703
|
|
University of Southern California RB Series 2025A
|
5.00%
|
10/01/35
|
3,000,000
|
3,556,639
|
|
California Enterprise Development Authority
|
||||
|
Sage Hill School Refunding RB Series 2024
|
5.00%
|
12/01/42 (a)
|
580,000
|
635,095
|
|
California Health Facilities Financing Authority
|
||||
|
Adventist Health System/West Obligated Group RB Series 2024A
|
5.25%
|
12/01/40 (a)
|
500,000
|
544,260
|
|
CommonSpirit Health Obligated Group RB Series 2024A
|
5.00%
|
12/01/38 (a)
|
1,165,000
|
1,282,823
|
|
CommonSpirit Health Obligated Group RB Series 2024A
|
5.00%
|
12/01/41 (a)
|
1,250,000
|
1,362,662
|
|
CommonSpirit Health Obligated Group Refunding RB Series 2020A
|
4.00%
|
04/01/38 (a)
|
2,500,000
|
2,520,909
|
|
CommonSpirit Health Obligated Group Refunding RB Series 2020A
|
4.00%
|
04/01/45 (a)
|
2,750,000
|
2,625,096
|
|
Episcopal Communities & Services for Seniors Obligated Group RB Series 2024A
|
3.85%
|
11/15/27 (a)
|
1,300,000
|
1,300,408
|
|
Kaiser Foundation Hospitals RB Series 2017A-2
|
4.00%
|
11/01/44 (a)
|
2,000,000
|
1,874,481
|
|
Marshall Medical Center Refunding RB Series 2015
|
5.00%
|
11/01/28 (a)(f)
|
800,000
|
801,528
|
|
On Lok Senior Health Services Obligated Group Refunding RB Series 2020
|
5.00%
|
08/01/40 (a)
|
750,000
|
782,528
|
|
California Housing Finance Agency
|
||||
|
RB Series 2021-2
|
3.75%
|
03/25/35
|
1,866,345
|
1,888,378
|
|
RB Series 2024A-1
|
4.25%
|
08/01/49 (a)
|
1,925,000
|
1,876,497
|
|
RB Series 2025B
|
4.35%
|
02/01/43 (a)
|
2,000,000
|
1,992,543
|
|
Century WLAVA 4 LP RB Series 2025
|
2.95%
|
06/01/46 (a)(e)
|
500,000
|
500,575
|
|
City & County of San Francisco RB Series 2020N
|
4.00%
|
04/01/40 (a)
|
565,000
|
578,470
|
|
California Infrastructure & Economic Development Bank
|
||||
|
Academy of Motion Picture Arts & Sciences Obligated Group Refunding RB Series
2023A
|
4.00%
|
11/01/41 (a)
|
2,000,000
|
2,055,706
|
|
Broad RB Series 2025A
|
5.00%
|
06/01/33
|
2,000,000
|
2,320,149
|
|
California Academy of Sciences Refunding RB Series 2024A
|
3.25%
|
08/01/29 (a)
|
2,000,000
|
2,012,847
|
|
Walt Disney Family Museum LLC Refunding RB Series 2016
|
5.00%
|
02/01/29 (a)
|
250,000
|
250,466
|
|
Walt Disney Family Museum LLC Refunding RB Series 2016
|
5.00%
|
02/01/30 (a)
|
330,000
|
330,607
|
|
Walt Disney Family Museum LLC Refunding RB Series 2016
|
5.00%
|
02/01/31 (a)
|
350,000
|
350,622
|
|
California Municipal Finance Authority
|
||||
|
BOLD Program Special Tax Series 2023B
|
5.75%
|
09/01/53 (a)
|
1,000,000
|
1,051,440
|
|
Caritas Corp. CMFA Mobile Home Park Financing RB Series 2023A
|
5.25%
|
08/15/53 (a)
|
900,000
|
923,514
|
|
Caritas Corp. CMFA Mobile Home Park Financing 2024 Portfolio Refunding RB Series
2024A
|
5.00%
|
08/15/35 (a)
|
655,000
|
721,961
|
|
Caritas Corp. CMFA Mobile Home Park Financing 2024 Portfolio Refunding RB Series
2024A
|
5.00%
|
08/15/37 (a)
|
365,000
|
398,352
|
|
Channing House Refunding RB Series 2017A
|
5.00%
|
05/15/27 (f)
|
350,000
|
358,324
|
|
Eisenhower Medical Center Refunding RB Series 2017B
|
5.00%
|
07/01/27
|
600,000
|
610,502
|
|
Eisenhower Medical Center Refunding RB Series 2017B
|
5.00%
|
07/01/30 (a)
|
1,150,000
|
1,168,324
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
EL Camino LP RB Series 2026
|
2.50%
|
03/01/46 (a)
|
550,000
|
541,875
|
|
HumanGood California Obligated Group Refunding RB Series 2019A
|
4.00%
|
10/01/29 (a)
|
655,000
|
656,208
|
|
HumanGood California Obligated Group Refunding RB Series 2019A
|
4.00%
|
10/01/30 (a)
|
750,000
|
751,194
|
|
HumanGood California Obligated Group Refunding RB Series 2019A
|
4.00%
|
10/01/31 (a)
|
500,000
|
500,595
|
|
HumanGood California Obligated Group Refunding RB Series 2025A
|
5.00%
|
10/01/41 (a)
|
1,600,000
|
1,684,182
|
|
HumanGood California Obligated Group Refunding RB Series 2025A
|
5.00%
|
10/01/42 (a)
|
2,000,000
|
2,097,414
|
|
Ignatian Corp. RB Series 2024A
|
5.00%
|
09/01/33
|
515,000
|
592,729
|
|
Ignatian Corp. RB Series 2024A
|
5.00%
|
09/01/37 (a)
|
1,500,000
|
1,683,806
|
|
Institute on Aging Refunding RB Series 2017
|
5.00%
|
08/15/29 (a)(f)
|
250,000
|
257,020
|
|
Institute on Aging Refunding RB Series 2017
|
5.00%
|
08/15/31 (a)(f)
|
575,000
|
589,178
|
|
Institute on Aging Refunding RB Series 2017
|
5.00%
|
08/15/32 (a)(f)
|
250,000
|
255,818
|
|
Institute on Aging Refunding RB Series 2017
|
5.00%
|
08/15/33 (a)(f)
|
250,000
|
255,626
|
|
Palomar Health Obligated Group Refunding COP Series 2022A
|
5.00%
|
11/01/27
|
100,000
|
101,875
|
|
Palomar Health Obligated Group Refunding COP Series 2022A
|
5.00%
|
11/01/28
|
115,000
|
118,742
|
|
Palomar Health Obligated Group Refunding COP Series 2022A
|
5.00%
|
11/01/29
|
125,000
|
130,125
|
|
Palomar Health Obligated Group Refunding COP Series 2022A
|
5.00%
|
11/01/30
|
100,000
|
104,587
|
|
Palomar Health Obligated Group Refunding COP Series 2022A
|
5.25%
|
11/01/52 (a)
|
2,000,000
|
2,015,726
|
|
PRG - Potrero Properties LLC RB Series 2026A
|
5.00%
|
09/01/46 (a)
|
805,000
|
860,796
|
|
PRS-California Obligated Group Refunding RB Series 2024A
|
5.00%
|
04/01/49 (a)
|
1,000,000
|
1,016,063
|
|
Republic Services, Inc. RB Series 2021B
|
3.25%
|
07/01/51 (a)(e)
|
1,250,000
|
1,249,959
|
|
Republic Services, Inc. Refunding RB Series 2021A
|
2.95%
|
07/01/41 (a)(e)
|
1,500,000
|
1,498,556
|
|
Scripps College RB Series 2025
|
5.00%
|
07/01/30
|
300,000
|
327,405
|
|
Scripps College RB Series 2025
|
5.00%
|
07/01/31
|
465,000
|
514,367
|
|
Scripps College RB Series 2025
|
5.00%
|
07/01/32
|
500,000
|
559,134
|
|
Scripps College RB Series 2025
|
5.00%
|
07/01/50 (a)
|
750,000
|
779,206
|
|
System Management Group RB Series 2019A
|
5.00%
|
04/01/27
|
1,100,000
|
1,122,445
|
|
University of La Verne Refunding RB Series 2017A
|
5.00%
|
06/01/28 (a)
|
1,000,000
|
1,016,985
|
|
University of La Verne Refunding RB Series 2017A
|
5.00%
|
06/01/29 (a)
|
1,000,000
|
1,016,722
|
|
Waste Management, Inc. RB Series 2017A
|
3.45%
|
12/01/44 (a)
|
1,500,000
|
1,503,824
|
|
Waste Management, Inc. RB Series 2020A
|
2.88%
|
10/01/45 (a)(e)
|
2,000,000
|
2,000,000
|
|
Waste Management, Inc. RB Series 2022A
|
3.45%
|
10/01/41 (a)(e)
|
1,000,000
|
1,007,044
|
|
Waste Management, Inc. RB Series 2024A
|
2.88%
|
11/01/46 (a)(e)
|
500,000
|
500,000
|
|
California Pollution Control Financing Authority
|
||||
|
Republic Services, Inc. RB Series 2017A-1
|
2.95%
|
11/01/42 (a)(e)
|
2,750,000
|
2,749,008
|
|
Republic Services, Inc. Refunding RB Series 2023
|
2.88%
|
07/01/43 (a)
|
1,500,000
|
1,498,779
|
|
California Public Finance Authority
|
||||
|
Henry Mayo Newhall Hospital Obligated Group Refunding RB Series 2017
|
5.00%
|
10/15/33 (a)
|
425,000
|
426,513
|
|
Henry Mayo Newhall Hospital Obligated Group Refunding RB Series 2017
|
5.00%
|
10/15/47 (a)
|
600,000
|
599,952
|
|
P3 Irvine SL Holdings LLC Obligated Group RB Series 2024A
|
6.50%
|
06/01/54 (a)
|
3,500,000
|
3,361,568
|
|
PIH Health, Inc. Obligated Group Refunding RB Series 2024A
|
5.00%
|
06/01/34
|
1,125,000
|
1,257,333
|
|
California School Finance Authority
|
||||
|
Granada Hills Charter High School Obligated Group RB Series 2024A
|
5.00%
|
07/01/27
|
240,000
|
244,844
|
|
Granada Hills Charter High School Obligated Group RB Series 2024A
|
5.00%
|
07/01/28
|
255,000
|
263,433
|
|
Granada Hills Charter High School Obligated Group RB Series 2024A
|
5.00%
|
07/01/29
|
265,000
|
277,232
|
|
Granada Hills Charter High School Obligated Group RB Series 2024A
|
5.00%
|
07/01/30
|
280,000
|
296,329
|
|
Kipp SoCal Public Schools Obligated Group RB Series 2017A
|
5.00%
|
07/01/37 (a)
|
590,000
|
595,620
|
|
California State Public Works Board
|
||||
|
RB Series 2025A
|
5.00%
|
04/01/40 (a)
|
1,000,000
|
1,127,950
|
|
RB Series 2026A
|
5.00%
|
09/01/32
|
2,000,000
|
2,260,486
|
|
State of California Refunding RB Series 2022C
|
5.00%
|
08/01/35 (a)
|
2,865,000
|
3,146,116
|
|
State of California Refunding RB Series 2024C
|
5.00%
|
09/01/35 (a)
|
1,000,000
|
1,149,417
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
California State Univ
|
||||
|
CP Series A2 California State Univ CP Series A2
|
2.30%
|
06/03/26 (f)
|
3,000,000
|
3,000,098
|
|
California State University
|
||||
|
Refunding RB Series 2015A
|
5.00%
|
11/01/37 (a)
|
30,000
|
30,047
|
|
Refunding RB Series 2016B-3
|
3.13%
|
11/01/51 (a)(e)
|
2,200,000
|
2,196,398
|
|
Refunding RB Series 2025A
|
5.00%
|
11/01/28
|
1,065,000
|
1,133,210
|
|
Refunding RB Series 2025A
|
5.00%
|
11/01/43 (a)
|
2,000,000
|
2,244,376
|
|
California Statewide Communities Development Authority
|
||||
|
RB Series 2025A
|
5.00%
|
10/01/32 (g)
|
2,500,000
|
2,771,863
|
|
RB Series 2025B
|
5.00%
|
10/01/35 (g)
|
2,220,000
|
2,525,978
|
|
Adventist Health System/West Obligated Group Refunding RB Series 2018A
|
5.00%
|
03/01/48 (a)
|
1,765,000
|
1,772,565
|
|
CHF-Irvine LLC Refunding RB Series 2016
|
5.00%
|
05/15/30 (a)
|
500,000
|
500,669
|
|
CHF-Irvine LLC Refunding RB Series 2016
|
5.00%
|
05/15/32 (a)
|
1,250,000
|
1,251,553
|
|
City of Salinas Measure X Sales Tax Revenue COP Series 2018B
|
5.00%
|
12/01/33 (a)
|
1,075,000
|
1,133,216
|
|
Community Facilities District No. 2021 Special Tax Series 2023
|
5.00%
|
09/01/53 (a)
|
1,800,000
|
1,806,693
|
|
Loma Linda University Medical Center Obligated Group RB Series 2018A
|
5.25%
|
12/01/43 (a)
|
2,500,000
|
2,549,972
|
|
Redlands Community Hospital Obligated Group Refunding RB Series 2016
|
5.00%
|
10/01/30 (a)
|
800,000
|
803,938
|
|
Redlands Community Hospital Obligated Group Refunding RB Series 2016
|
5.00%
|
10/01/32 (a)
|
700,000
|
703,092
|
|
USC Obligated Group RB Series 2018
|
5.00%
|
01/01/31 (a)
|
1,700,000
|
1,762,380
|
|
USC Obligated Group RB Series 2018
|
5.00%
|
01/01/33 (a)
|
1,355,000
|
1,401,691
|
|
Viamonte Senior Living 1, Inc. RB Series 2018A
|
5.00%
|
07/01/29 (a)(f)
|
300,000
|
314,695
|
|
Viamonte Senior Living 1, Inc. RB Series 2018A
|
5.00%
|
07/01/30 (a)(f)
|
235,000
|
246,427
|
|
Viamonte Senior Living 1, Inc. RB Series 2018A
|
5.00%
|
07/01/32 (a)(f)
|
900,000
|
942,798
|
|
Viamonte Senior Living 1, Inc. RB Series 2018A
|
4.00%
|
07/01/35 (a)(f)
|
275,000
|
278,649
|
|
Viamonte Senior Living 1, Inc. RB Series 2018A
|
4.00%
|
07/01/36 (a)(f)
|
425,000
|
429,779
|
|
Cambria Community Healthcare District
|
||||
|
GO Bonds Series 2025A
|
5.00%
|
08/01/50 (a)
|
1,000,000
|
1,051,274
|
|
Central Valley Energy Authority
|
||||
|
RB Series 2025
|
5.00%
|
12/01/55 (a)(e)
|
1,000,000
|
1,075,627
|
|
RB Series 2026
|
5.00%
|
08/01/34 (a)
|
3,000,000
|
3,222,844
|
|
Cerritos Community College District
|
||||
|
GO Bonds Series 2026B
|
5.00%
|
08/01/46 (a)
|
1,175,000
|
1,285,620
|
|
GO Bonds Series 2026B
|
5.00%
|
08/01/56 (a)
|
1,000,000
|
1,057,555
|
|
Chaffey Joint Union High School District
|
||||
|
GO Bonds Series 2023G
|
4.41%
|
08/01/38 (a)(b)
|
500,000
|
304,480
|
|
GO Bonds Series 2023G
|
4.57%
|
08/01/41 (a)(b)
|
1,500,000
|
779,422
|
|
GO Bonds Series 2023G
|
4.60%
|
08/01/42 (a)(b)
|
1,000,000
|
492,328
|
|
Chico Unified School District
|
||||
|
GO Bonds Series 2021C
|
4.00%
|
08/01/44 (a)
|
1,325,000
|
1,330,220
|
|
Chino Valley Unified School District
|
||||
|
GO Bonds Series 2024D
|
4.27%
|
08/01/40 (a)(b)
|
655,000
|
368,720
|
|
City & County of San Francisco
|
||||
|
GO Bonds Series 2021E-1
|
4.00%
|
06/15/40 (a)
|
1,960,000
|
1,980,012
|
|
Refunding GO Bonds Series 2020R1
|
5.00%
|
06/15/28
|
500,000
|
526,827
|
|
City of Clovis Sewer Revenue
|
||||
|
Refunding RB Series 2015
|
5.25%
|
08/01/30 (a)
|
1,060,000
|
1,062,088
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
City of Irvine
|
||||
|
Community Facilities District No. 2013-3 Area No. 1 Refunding Special Tax Series
2024
|
4.82%
|
09/01/50 (a)(b)
|
1,170,000
|
372,201
|
|
Community Facilities District No. 2013-3 Area No. 1 Refunding Special Tax Series
2024
|
4.83%
|
09/01/51 (a)(b)
|
750,000
|
227,116
|
|
Community Facilities District No. 2013-3 Improvement Area No. 1 Special Tax Series
2025
|
5.00%
|
09/01/50 (a)
|
1,000,000
|
1,077,178
|
|
City of Long Beach Airport System Revenue
|
||||
|
RB Series 2022C
|
5.25%
|
06/01/47 (a)
|
1,000,000
|
1,043,857
|
|
City of Los Angeles
|
||||
|
Revenue Notes Series 2025
|
5.00%
|
06/25/26
|
9,495,000
|
9,509,800
|
|
City of Los Angeles Department of Airports
|
||||
|
RB Series 2018A
|
5.00%
|
05/15/27
|
795,000
|
812,011
|
|
RB Series 2018A
|
5.00%
|
05/15/33 (a)
|
1,225,000
|
1,267,153
|
|
RB Series 2019F
|
5.00%
|
05/15/36 (a)
|
850,000
|
885,952
|
|
RB Series 2020C
|
5.00%
|
05/15/27
|
1,290,000
|
1,317,603
|
|
RB Series 2022A
|
5.00%
|
05/15/36 (a)
|
2,160,000
|
2,336,279
|
|
Refunding RB Series 2018B
|
5.00%
|
05/15/32 (a)
|
1,000,000
|
1,035,806
|
|
Refunding RB Series 2018D
|
5.00%
|
05/15/27
|
1,060,000
|
1,082,681
|
|
Refunding RB Series 2021D
|
4.00%
|
05/15/38 (a)
|
2,415,000
|
2,429,891
|
|
Refunding RB Series 2022C
|
5.00%
|
05/15/27
|
1,000,000
|
1,021,397
|
|
Refunding RB Series 2025A
|
5.25%
|
05/15/40 (a)
|
2,000,000
|
2,243,334
|
|
Refunding RB Series 2025A
|
5.25%
|
05/15/50 (a)
|
2,500,000
|
2,634,432
|
|
City of Los Angeles Wastewater System Revenue
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
06/01/31
|
2,690,000
|
3,012,076
|
|
Refunding RB Series 2025A
|
5.00%
|
06/01/34
|
1,655,000
|
1,939,699
|
|
Refunding RB Series 2025C
|
5.00%
|
06/01/31
|
1,000,000
|
1,118,232
|
|
City of Palo Alto
|
||||
|
COP Series 2021
|
2.00%
|
11/01/38 (a)
|
400,000
|
319,471
|
|
City of San Francisco Public Utilities Commission Water Revenue
|
||||
|
Refunding RB Series 2025F
|
5.00%
|
11/01/36
|
1,500,000
|
1,776,742
|
|
City of Santa Clara
|
||||
|
GO Bonds Series 2026B
|
5.00%
|
08/01/27
|
500,000
|
516,399
|
|
City of Susanville Natural Gas Revenue
|
||||
|
Refunding RB Series 2019
|
4.00%
|
06/01/28 (a)
|
615,000
|
630,829
|
|
Refunding RB Series 2019
|
4.00%
|
06/01/30 (a)
|
680,000
|
700,536
|
|
City of Vernon Electric System Revenue
|
||||
|
RB Series 2021A
|
5.00%
|
10/01/26
|
1,000,000
|
1,006,163
|
|
City of Victorville Electric Revenue
|
||||
|
Refunding RB Series 2022A
|
5.00%
|
05/01/30
|
500,000
|
543,301
|
|
Colton Joint Unified School District
|
||||
|
GO Bonds Series 2025A
|
5.00%
|
08/01/43 (a)
|
650,000
|
718,338
|
|
Compton Community College District
|
||||
|
GO Bonds Series 2024B
|
4.00%
|
08/01/42 (a)
|
710,000
|
718,991
|
|
Compton Unified School District
|
||||
|
Refunding GO Bonds Series 2016F
|
5.50%
|
06/01/31 (a)
|
750,000
|
751,119
|
|
Corona Utility Authority Water Reclamation Revenue
|
||||
|
Refunding RB Series 2025
|
5.00%
|
09/01/50 (a)
|
1,000,000
|
1,060,491
|
|
Refunding RB Series 2025
|
5.00%
|
09/01/55 (a)
|
1,500,000
|
1,576,973
|
|
Corona Utility Authority Water Revenue
|
||||
|
RB Series 2025
|
5.00%
|
09/01/50 (a)
|
1,000,000
|
1,058,918
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Corona-Norco Unified School District
|
||||
|
GO Bonds Series 2002D
|
3.85%
|
09/01/27 (b)
|
2,400,000
|
2,323,651
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/33
|
1,100,000
|
1,274,135
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/34
|
1,425,000
|
1,670,876
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/35
|
1,750,000
|
2,068,871
|
|
County of Sacramento Airport System Revenue
|
||||
|
RB Series 2025A
|
5.00%
|
07/01/31
|
750,000
|
816,617
|
|
RB Series 2025A
|
5.00%
|
07/01/33
|
1,250,000
|
1,379,863
|
|
County of San Diego
|
||||
|
Sanford Burnham Prebys Medical Discovery Institute Refunding RB Series 2015A
|
5.00%
|
11/01/26 (a)
|
1,000,000
|
1,004,220
|
|
Desert Sands Unified School District
|
||||
|
GO Bonds Series 2025
|
4.00%
|
08/01/41 (a)
|
635,000
|
654,214
|
|
Dinuba Unified School District
|
||||
|
COP Series 2023
|
5.50%
|
06/01/38 (a)
|
750,000
|
750,910
|
|
Downey Unified School District
|
||||
|
GO Bonds Series 2026B
|
4.00%
|
08/01/51 (a)
|
875,000
|
836,252
|
|
GO Bonds Series 2026B
|
4.00%
|
08/01/57 (a)
|
1,400,000
|
1,313,423
|
|
East Bay Municipal Utility District Wastewater System Revenue
|
||||
|
Refunding RB Series 2026B
|
5.00%
|
06/01/38 (a)
|
1,000,000
|
1,176,757
|
|
Refunding RB Series 2026B
|
5.00%
|
06/01/39 (a)
|
1,490,000
|
1,741,836
|
|
East Bay Municipal Utility District Water System Revenue
|
||||
|
RB Series 2025A
|
5.00%
|
06/01/45 (a)
|
1,250,000
|
1,379,566
|
|
RB Series 2026A
|
5.00%
|
06/01/56 (a)
|
1,000,000
|
1,068,601
|
|
El Camino Community College District Fountation
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/27
|
1,570,000
|
1,619,098
|
|
El Rancho Unified School District
|
||||
|
GO Bonds Series 2025
|
2.95%
|
08/01/28 (b)
|
880,000
|
826,711
|
|
Elk Grove Finance Authority
|
||||
|
Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025
|
5.00%
|
09/01/34
|
480,000
|
556,378
|
|
Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025
|
5.00%
|
09/01/37 (a)
|
550,000
|
630,068
|
|
Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025
|
5.00%
|
09/01/40 (a)
|
1,100,000
|
1,238,531
|
|
Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025
|
5.00%
|
09/01/43 (a)
|
435,000
|
480,812
|
|
Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025
|
5.00%
|
09/01/47 (a)
|
1,000,000
|
1,065,443
|
|
Community Facilities District No. 2005-1 Laguna Ridge Special Tax Series 2025
|
5.00%
|
09/01/51 (a)
|
1,000,000
|
1,045,856
|
|
Escondido Union High School District
|
||||
|
GO Bonds Series 2009A
|
2.87%
|
08/01/28 (b)
|
1,825,000
|
1,717,784
|
|
Fontana Public Facilities Financing Authority
|
||||
|
City of Fontana Refunding RB Series 2025A
|
5.00%
|
11/01/44 (a)
|
500,000
|
551,892
|
|
City of Fontana Refunding RB Series 2025A
|
5.00%
|
11/01/45 (a)
|
450,000
|
492,433
|
|
Foothill-Eastern Transportation Corridor Agency
|
||||
|
Refunding RB Series 2014A
|
6.85%
|
01/15/42 (a)(c)
|
1,000,000
|
1,189,820
|
|
Fresno Joint Powers Financing Authority
|
||||
|
City of Fresno RB Series 2025A
|
5.25%
|
04/01/50 (a)
|
1,500,000
|
1,600,737
|
|
City of Fresno Refunding RB Series 2017A
|
5.00%
|
04/01/28 (a)
|
1,415,000
|
1,445,071
|
|
Fresno Unified School District
|
||||
|
GO Bonds Series 2018A
|
4.08%
|
08/01/33 (a)(b)(h)
|
1,120,000
|
840,238
|
|
GO Bonds Series 2018A
|
4.18%
|
08/01/34 (a)(b)(h)
|
1,900,000
|
1,358,291
|
|
Goleta Water District
|
||||
|
Refunding RB Series 2023A
|
5.00%
|
09/01/29
|
400,000
|
434,607
|
|
Greenfield Redevelopment Agency
|
||||
|
Refunding Tax Allocation Series 2016
|
5.00%
|
02/01/29 (a)
|
730,000
|
730,873
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Hacienda La Puente Unified School District
|
||||
|
GO Bonds Series 2023A
|
4.00%
|
08/01/43 (a)
|
1,100,000
|
1,107,742
|
|
Hastings Campus Housing Finance Authority
|
||||
|
RB Series 2020A
|
5.00%
|
07/01/45 (a)
|
2,800,000
|
2,726,054
|
|
Hayward Unified School District
|
||||
|
GO Bonds Series 2025B
|
5.00%
|
08/01/44 (a)
|
200,000
|
220,623
|
|
GO Bonds Series 2025B
|
5.00%
|
08/01/45 (a)
|
200,000
|
218,745
|
|
GO Bonds Series 2025B
|
5.00%
|
08/01/47 (a)
|
1,000,000
|
1,076,417
|
|
Imperial Irrigation District Electric System Revenue
|
||||
|
Refunding RB Series 2025
|
5.00%
|
11/01/44 (a)
|
600,000
|
663,779
|
|
Imperial Unified School District
|
||||
|
GO Bonds Series 2017A
|
5.25%
|
08/01/43 (a)(h)
|
1,430,000
|
1,475,625
|
|
Independent Cities Finance Authority
|
||||
|
Millennium Housing of California Refunding RB Series 2019
|
5.00%
|
05/15/48 (a)
|
2,000,000
|
2,015,272
|
|
Indian Wells Redevelopment Successor Agency
|
||||
|
Refunding Tax Allocation Series 2015A
|
5.00%
|
09/01/27 (a)
|
1,250,000
|
1,252,391
|
|
Inglewood Joint Powers Authority
|
||||
|
City of Inglewood RB Series 2025
|
5.25%
|
08/01/50 (a)
|
1,500,000
|
1,600,707
|
|
Inglewood Unified School District
|
||||
|
GO Bonds Series 2018B
|
5.00%
|
08/01/35 (a)
|
200,000
|
200,779
|
|
GO Bonds Series 2018B
|
5.00%
|
08/01/37 (a)
|
720,000
|
722,803
|
|
Kern County Water Agency Improvement District No. 4
|
||||
|
Refunding RB Series 2016A
|
5.00%
|
05/01/30 (a)
|
1,500,000
|
1,502,967
|
|
Kern High School District
|
||||
|
GO Bonds Series 2017A
|
3.00%
|
08/01/29 (a)
|
1,000,000
|
1,001,778
|
|
Lancaster Redevelopment Successor Agency
|
||||
|
Refunding Tax Allocation Series 2017
|
4.00%
|
08/01/26
|
1,360,000
|
1,362,095
|
|
Refunding Tax Allocation Series 2017
|
5.00%
|
08/01/29 (a)
|
820,000
|
823,274
|
|
Livermore Valley Joint Unified School District
|
||||
|
GO Bonds Series 2019
|
4.00%
|
08/01/32 (a)
|
335,000
|
335,256
|
|
Long Beach Unified School District
|
||||
|
GO Bonds Series 2017A
|
4.00%
|
08/01/40 (a)
|
1,000,000
|
1,002,248
|
|
GO Bonds Series 2026D
|
4.00%
|
08/01/53 (a)
|
1,000,000
|
947,986
|
|
Los Alamitos Unified School District
|
||||
|
Refunding GO Bonds Series 2016
|
3.00%
|
08/01/36 (a)
|
2,605,000
|
2,477,026
|
|
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue
|
||||
|
RB Series 2026B
|
5.00%
|
07/01/40 (a)
|
2,500,000
|
2,867,711
|
|
RB Series 2026B
|
5.00%
|
07/01/41 (a)
|
1,000,000
|
1,140,536
|
|
Refunding RB Series 2016A
|
5.00%
|
06/01/27 (a)
|
1,390,000
|
1,390,000
|
|
Measure R RB Series 2026B
|
5.00%
|
06/01/37 (a)
|
2,555,000
|
2,925,289
|
|
Los Angeles County Public Works Financing Authority
|
||||
|
County of Los Angeles RB Series 2025J
|
5.00%
|
12/01/38 (a)
|
2,000,000
|
2,329,896
|
|
County of Los Angeles RB Series 2025J
|
5.00%
|
12/01/42 (a)
|
600,000
|
679,597
|
|
County of Los Angeles Refunding RB Series 2024H
|
5.00%
|
12/01/30
|
1,500,000
|
1,669,779
|
|
County of Los Angeles Refunding RB Series 2024H
|
5.00%
|
12/01/33
|
3,550,000
|
4,136,674
|
|
Los Angeles County Flood Control District RB Series 2026A
|
5.00%
|
03/01/51 (a)
|
1,000,000
|
1,057,731
|
|
Los Angeles Department of Water & Power
|
||||
|
RB Series 2026A
|
5.00%
|
07/01/41 (a)
|
1,350,000
|
1,482,608
|
|
Power System Revenue RB Series 2017C
|
5.00%
|
07/01/26
|
100,000
|
100,186
|
|
Power System Revenue RB Series 2021C
|
5.00%
|
07/01/38 (a)
|
745,000
|
794,019
|
|
Power System Revenue Refunding RB Series 2024B
|
5.00%
|
07/01/36 (a)
|
1,365,000
|
1,515,434
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Power System Revenue Refunding RB Series 2025A
|
5.00%
|
07/01/28 (a)
|
750,000
|
774,866
|
|
Power System Revenue Refunding RB Series 2025A
|
5.00%
|
07/01/43 (a)
|
100,000
|
108,353
|
|
Power System Revenue Refunding RB Series 2025B
|
5.00%
|
07/01/32
|
3,500,000
|
3,878,895
|
|
Power System Revenue Refunding RB Series 2025B
|
5.00%
|
07/01/34
|
1,000,000
|
1,124,210
|
|
Power System Revenue Refunding RB Series 2025C
|
5.00%
|
07/01/35
|
1,350,000
|
1,532,144
|
|
Los Angeles Department of Water & Power Water System Revenue
|
||||
|
RB Series 2024A
|
5.00%
|
07/01/39 (a)
|
2,000,000
|
2,178,200
|
|
Refunding RB Series 2025A
|
5.00%
|
01/01/30 (a)
|
2,000,000
|
2,125,675
|
|
Refunding RB Series 2025B
|
5.00%
|
07/01/32
|
900,000
|
997,430
|
|
Refunding RB Series 2025C
|
5.00%
|
07/01/26
|
2,125,000
|
2,128,795
|
|
Refunding RB Series 2025C
|
5.00%
|
07/01/29
|
1,270,000
|
1,350,440
|
|
Refunding RB Series 2025C
|
5.00%
|
07/01/33
|
1,640,000
|
1,832,301
|
|
Refunding RB Series 2025C
|
5.00%
|
07/01/42 (a)
|
1,250,000
|
1,364,532
|
|
Los Angeles Unified School District
|
||||
|
GO Bonds Series 2018B-1
|
5.00%
|
07/01/26
|
1,110,000
|
1,112,247
|
|
GO Bonds Series 2020C
|
5.00%
|
07/01/27
|
1,640,000
|
1,684,964
|
|
GO Bonds Series 2024QRR
|
5.00%
|
07/01/35 (a)
|
725,000
|
841,090
|
|
GO Bonds Series 2024QRR
|
5.00%
|
07/01/44 (a)
|
1,505,000
|
1,655,243
|
|
GO Bonds Series 2026QRR
|
5.00%
|
07/01/47 (a)
|
1,000,000
|
1,080,569
|
|
GO Bonds Series 2026QRR
|
5.00%
|
07/01/48 (a)
|
1,000,000
|
1,074,035
|
|
GO Bonds Series 2026QRR
|
5.00%
|
07/01/50 (a)
|
1,000,000
|
1,066,362
|
|
Refunding GO Bonds Series 2016B
|
3.00%
|
07/01/32 (a)
|
1,500,000
|
1,482,931
|
|
Refunding GO Bonds Series 2024A
|
5.00%
|
07/01/26
|
3,000,000
|
3,006,072
|
|
Refunding GO Bonds Series 2024A
|
5.00%
|
07/01/27
|
2,000,000
|
2,054,834
|
|
Refunding GO Bonds Series 2024A
|
5.00%
|
07/01/33
|
950,000
|
1,088,652
|
|
Los Osos Community Services Waste Water Assessment District No. 1
|
||||
|
Refunding Assessment Series 2019
|
5.00%
|
09/02/26
|
740,000
|
743,631
|
|
Merced City School District
|
||||
|
GO Bonds Series 2025
|
5.00%
|
08/01/50 (a)
|
1,000,000
|
1,050,726
|
|
Mesa Water District
|
||||
|
COP Series 2020
|
4.00%
|
03/15/40 (a)
|
500,000
|
512,145
|
|
Modesto Irrigation District
|
||||
|
Electric System Revenue RB Series 2015A
|
5.00%
|
10/01/26 (a)
|
1,250,000
|
1,252,695
|
|
Moreno Valley Unified School District
|
||||
|
GO Bonds Series 2025A
|
5.25%
|
08/01/44 (a)
|
1,115,000
|
1,255,168
|
|
GO Bonds Series 2025A
|
5.25%
|
08/01/45 (a)
|
1,300,000
|
1,447,983
|
|
Mount Diablo Unified School District
|
||||
|
GO Bonds Series 2025C
|
5.00%
|
08/01/38 (a)
|
1,000,000
|
1,152,422
|
|
Mountain View School District School Facilities Improvement District No. 2
|
||||
|
GO Bonds Series 2024
|
3.95%
|
07/01/29 (a)(b)
|
1,250,000
|
1,118,216
|
|
Mt San Antonio Community College District
|
||||
|
GO Bonds Series 2021E
|
4.27%
|
08/01/46 (a)(b)
|
1,430,000
|
561,891
|
|
Municipal Improvement Corp. of Los Angeles
|
||||
|
City of Los Angeles RB Series 2025A
|
5.00%
|
05/01/36 (a)
|
750,000
|
863,576
|
|
Northern California Energy Authority
|
||||
|
Refunding RB Series 2024
|
5.00%
|
12/01/54 (a)(e)
|
3,000,000
|
3,183,406
|
|
Northern California Transmission Agency
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
05/01/30
|
4,000,000
|
4,376,040
|
|
Oakland Unified School District/Alameda County
|
||||
|
GO Bonds Series 2019A
|
5.00%
|
08/01/31 (a)
|
500,000
|
513,645
|
|
GO Bonds Series 2023A
|
5.00%
|
08/01/38 (a)
|
1,150,000
|
1,278,597
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
GO Bonds Series 2026A
|
5.00%
|
08/01/30
|
1,000,000
|
1,092,440
|
|
GO Bonds Series 2026A
|
5.00%
|
08/01/31
|
1,075,000
|
1,193,823
|
|
Refunding GO Bonds Series 2026A
|
5.00%
|
08/01/28
|
1,000,000
|
1,052,064
|
|
Oakley Redevelopment Agency
|
||||
|
Refunding Tax Allocation Series 2018
|
5.00%
|
09/01/30 (a)
|
500,000
|
526,264
|
|
Refunding Tax Allocation Series 2018
|
5.00%
|
09/01/31 (a)
|
660,000
|
692,763
|
|
Refunding Tax Allocation Series 2018
|
5.00%
|
09/01/33 (a)
|
725,000
|
759,575
|
|
Ohlone Community College District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/40 (a)
|
1,500,000
|
1,736,675
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/41 (a)
|
1,000,000
|
1,151,478
|
|
Ojai Unified School District
|
||||
|
GO Bonds Series 2023B
|
5.25%
|
08/01/48 (a)
|
1,100,000
|
1,172,306
|
|
GO Bonds Series 2023B
|
5.50%
|
08/01/53 (a)
|
1,750,000
|
1,869,455
|
|
Orange County Local Transportation Authority Sales Tax Revenue
|
||||
|
Refunding RB Series 2025
|
5.00%
|
02/15/41 (a)
|
1,000,000
|
1,134,487
|
|
Oxnard Financing Authority
|
||||
|
City of Oxnard Refunding RB Series 2018
|
5.00%
|
06/01/35 (a)
|
770,000
|
797,659
|
|
Oxnard Union High School District
|
||||
|
GO Bonds Series 2022C
|
3.50%
|
08/01/45 (a)
|
1,250,000
|
1,134,872
|
|
Pacifica School District
|
||||
|
GO Bonds Series 2026
|
5.00%
|
08/01/51 (a)
|
665,000
|
704,149
|
|
Pajaro Valley Unified School District
|
||||
|
GO Bonds Series 2025A
|
5.00%
|
08/01/45 (a)
|
350,000
|
383,114
|
|
GO Bonds Series 2025A
|
5.00%
|
08/01/49 (a)
|
1,000,000
|
1,068,079
|
|
Pasadena Public Financing Authority
|
||||
|
City of Pasadena Refunding RB Series 2024
|
4.54%
|
06/01/45 (a)(b)
|
1,000,000
|
428,092
|
|
City of Pasadena Refunding RB Series 2024
|
4.65%
|
06/01/48 (a)(b)
|
500,000
|
181,480
|
|
Perris Elementary School District
|
||||
|
GO Bonds Series 2023
|
4.00%
|
08/01/46 (a)
|
1,635,000
|
1,599,979
|
|
Pico Rivera Public Financing Authority
|
||||
|
City of Pico Rivera Refunding RB Series 2016
|
5.50%
|
09/01/29 (a)
|
350,000
|
352,817
|
|
City of Pico Rivera Refunding RB Series 2016
|
5.25%
|
09/01/33 (a)
|
800,000
|
805,276
|
|
Pismo Beach Public Financing Agency
|
||||
|
City of Pismo Beach RB Series 2024A
|
4.00%
|
12/01/49 (a)
|
1,000,000
|
964,404
|
|
Pittsburg Unified School District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/39 (a)
|
1,815,000
|
2,099,965
|
|
Pleasant Valley School District/Ventura County
|
||||
|
Refunding GO Bonds Series 2002A
|
5.85%
|
08/01/31
|
1,170,000
|
1,250,859
|
|
Pleasanton Unified School District
|
||||
|
GO Bonds Series 2025
|
5.00%
|
08/01/26
|
750,000
|
753,326
|
|
Port of Los Angeles
|
||||
|
Refunding RB Series 2024A-1
|
5.00%
|
08/01/31
|
1,000,000
|
1,095,866
|
|
Refunding RB Series 2024A-1
|
5.00%
|
08/01/32
|
1,750,000
|
1,935,970
|
|
Port of Oakland
|
||||
|
RB Series 2021H
|
5.00%
|
05/01/28 (h)
|
15,000
|
15,674
|
|
Refunding RB Series 2021H
|
5.00%
|
05/01/28
|
1,235,000
|
1,280,357
|
|
Ravenswood City School District
|
||||
|
GO Bonds Series 2023
|
4.50%
|
08/01/48 (a)
|
1,250,000
|
1,251,311
|
|
GO Bonds Series 2023
|
5.25%
|
08/01/53 (a)
|
3,500,000
|
3,694,302
|
|
GO Bonds Series 2025B
|
5.02%
|
08/01/48 (a)(b)
|
1,000,000
|
340,728
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Redondo Beach Unified School District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/28
|
550,000
|
582,222
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/29
|
1,000,000
|
1,083,827
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/31
|
600,000
|
675,570
|
|
Redwood City Public Facilities & Infrastructure Authority
|
||||
|
City of Redwood City RB Series 2021
|
3.00%
|
06/01/51 (a)
|
1,790,000
|
1,347,314
|
|
Rialto Unified School District
|
||||
|
COP Series 2024
|
5.00%
|
09/01/30
|
350,000
|
385,541
|
|
COP Series 2024
|
5.00%
|
09/01/31
|
325,000
|
364,068
|
|
COP Series 2024
|
5.00%
|
09/01/32
|
450,000
|
512,214
|
|
Riverside Community College District
|
||||
|
GO Bonds Series 2025A
|
4.00%
|
08/01/41 (a)
|
700,000
|
721,633
|
|
GO Bonds Series 2025A
|
4.00%
|
08/01/42 (a)
|
600,000
|
614,564
|
|
GO Bonds Series 2025A
|
4.00%
|
08/01/43 (a)
|
815,000
|
830,701
|
|
Riverside County Transportation Commission
|
||||
|
Refunding RB Series 2021B-1
|
4.00%
|
06/01/40 (a)
|
4,000,000
|
4,093,190
|
|
Ross Valley Public Financing Authority
|
||||
|
RB Series 2013
|
5.00%
|
10/01/27 (a)
|
200,000
|
200,346
|
|
RB Series 2013
|
5.00%
|
10/01/43 (a)
|
1,000,000
|
1,001,422
|
|
Sacramento City Unified School District
|
||||
|
GO Bonds Series 2025C
|
5.00%
|
08/01/40 (a)
|
1,000,000
|
1,106,649
|
|
GO Bonds Series 2025C
|
5.00%
|
08/01/41 (a)
|
1,000,000
|
1,102,209
|
|
GO Bonds Series 2025C
|
5.00%
|
08/01/42 (a)
|
1,000,000
|
1,096,058
|
|
GO Bonds Series 2025C
|
5.00%
|
08/01/43 (a)
|
1,000,000
|
1,092,279
|
|
San Bernardino Community College District
|
||||
|
GO Bonds Series 2023B
|
4.13%
|
08/01/49 (a)
|
3,125,000
|
3,058,263
|
|
San Diego Community College District
|
||||
|
GO Bonds Series 2024
|
4.00%
|
08/01/43 (a)
|
1,250,000
|
1,265,674
|
|
San Diego County Regional Airport Authority
|
||||
|
RB Series 2017B
|
5.00%
|
07/01/29 (a)
|
1,980,000
|
2,021,017
|
|
RB Series 2017B
|
5.00%
|
07/01/31 (a)
|
1,000,000
|
1,019,553
|
|
RB Series 2023B
|
5.00%
|
07/01/33
|
2,245,000
|
2,485,696
|
|
San Diego Public Facilities Financing Authority
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
05/15/29
|
1,845,000
|
1,982,956
|
|
City of San Diego Refunding RB Series 2024A
|
5.00%
|
10/15/40 (a)
|
850,000
|
954,360
|
|
City of San Diego Refunding RB Series 2025A
|
5.25%
|
10/15/55 (a)
|
2,000,000
|
2,135,604
|
|
City of San Diego Sewer Utility Revenue RB Series 2024A
|
5.00%
|
05/15/44 (a)
|
650,000
|
711,270
|
|
San Diego Unified School District
|
||||
|
GO Bonds Series 2010C
|
3.55%
|
07/01/33 (b)
|
110,000
|
88,770
|
|
GO Bonds Series 2025C-3
|
5.00%
|
07/01/47 (a)
|
1,000,000
|
1,081,034
|
|
GO Bonds Series 2025I-3
|
4.13%
|
07/01/50 (a)
|
500,000
|
491,132
|
|
GO Bonds Series 2025P-2
|
5.00%
|
07/01/42 (a)
|
500,000
|
561,744
|
|
Refunding GO Bonds Series 2025ZR-6A
|
5.00%
|
07/01/43
|
500,000
|
596,699
|
|
Refunding GO Bonds Series 2026SR-6
|
5.00%
|
07/01/33
|
2,000,000
|
2,310,011
|
|
Refunding GO Bonds Series 2026ZR-7
|
5.00%
|
07/01/44
|
1,000,000
|
1,184,102
|
|
San Francisco Bay Area Rapid Transit District
|
||||
|
GO Bonds Series 2025E-1
|
5.00%
|
08/01/40 (a)
|
1,000,000
|
1,152,134
|
|
San Francisco City & County Airport Commission-San Francisco International Airport
|
||||
|
RB Series 2019E
|
5.00%
|
05/01/39 (a)
|
2,450,000
|
2,538,430
|
|
Refunding RB Series 2018-2ND
|
5.00%
|
05/01/27
|
1,200,000
|
1,223,170
|
|
Refunding RB Series 2020A
|
5.00%
|
05/01/37 (a)
|
3,500,000
|
3,681,924
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Refunding RB Series 2022A
|
5.00%
|
05/01/30
|
800,000
|
861,863
|
|
Refunding RB Series 2022A
|
5.00%
|
05/01/31
|
1,690,000
|
1,845,365
|
|
Refunding RB Series 2023C
|
5.00%
|
05/01/33
|
5,000,000
|
5,545,315
|
|
Refunding RB Series 2026A
|
5.25%
|
05/01/40 (a)(d)
|
3,000,000
|
3,387,576
|
|
San Francisco City & County Redevelopment Successor Agency
|
||||
|
Refunding Tax Allocation Series 2014C
|
5.00%
|
08/01/28 (a)
|
305,000
|
305,462
|
|
Refunding Tax Allocation Series 2014C
|
5.00%
|
08/01/29 (a)
|
430,000
|
430,608
|
|
Mission Bay South Redevelopment Area Tax Increment Financing District Refunding
Tax Allocation Series 2025B
|
5.00%
|
08/01/35
|
1,600,000
|
1,868,931
|
|
Mission Bay South Redevelopment Area Tax Increment Financing District Refunding
Tax Allocation Series 2025B
|
5.00%
|
08/01/36 (a)
|
1,350,000
|
1,563,806
|
|
San Francisco Community Facilities District No. 6 Refunding Special Tax Series 2023
|
5.25%
|
08/01/39 (a)
|
875,000
|
989,626
|
|
San Francisco Community Facilities District No. 6 Refunding Special Tax Series 2023
|
5.25%
|
08/01/40 (a)
|
1,000,000
|
1,126,670
|
|
San Francisco Community College District
|
||||
|
GO Bonds Series 2024B
|
5.25%
|
06/15/49 (a)
|
1,500,000
|
1,608,264
|
|
Refunding GO Bonds Series 2025
|
5.00%
|
06/15/30
|
1,170,000
|
1,291,996
|
|
Refunding GO Bonds Series 2025
|
5.00%
|
06/15/31
|
1,200,000
|
1,349,994
|
|
San Luis Coastal Unified School District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/30
|
1,000,000
|
1,103,246
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
08/01/32
|
1,000,000
|
1,139,985
|
|
San Mateo County Transit District Sales Tax Revenue
|
||||
|
RB Series 2020B
|
2.35%
|
06/01/49 (a)(f)(i)
|
980,000
|
980,000
|
|
Santa Clarita Community College District
|
||||
|
Refunding GO Bonds Series 2026-1
|
5.00%
|
08/01/42 (a)(d)
|
1,425,000
|
1,610,623
|
|
Refunding GO Bonds Series 2026-1
|
5.00%
|
08/01/48 (a)(d)
|
500,000
|
534,518
|
|
Sierra View Local Health Care District
|
||||
|
Refunding RB Series 2020
|
4.00%
|
07/01/26
|
300,000
|
300,160
|
|
Refunding RB Series 2020
|
5.00%
|
07/01/27
|
630,000
|
642,040
|
|
Refunding RB Series 2020
|
5.00%
|
07/01/30
|
645,000
|
687,171
|
|
South San Francisco Unified School District
|
||||
|
GO Bonds Series 2023
|
4.00%
|
09/01/48 (a)
|
500,000
|
490,763
|
|
Southern California Public Power Authority
|
||||
|
RB Series 2026A
|
5.00%
|
11/01/33 (a)(d)
|
2,000,000
|
2,133,217
|
|
Los Angeles Department of Water & Power Power System Revenue RB Series 2025-1
|
5.25%
|
07/01/42 (a)
|
500,000
|
559,824
|
|
Los Angeles Department of Water & Power Power System Revenue RB Series 2025-1
|
5.25%
|
07/01/43 (a)
|
500,000
|
556,146
|
|
Los Angeles Department of Water & Power Power System Revenue RB Series 2026-1
|
5.00%
|
07/01/30
|
1,000,000
|
1,082,879
|
|
Los Angeles Department of Water & Power Power System Revenue Refunding RB
Series 2023-1
|
5.00%
|
07/01/27
|
2,500,000
|
2,559,882
|
|
Los Angeles Department of Water & Power Power System Revenue Refunding RB
Series 2023-1
|
5.00%
|
07/01/28
|
1,000,000
|
1,045,810
|
|
Stanislaus Union School District
|
||||
|
GO Bonds Series 2025A
|
4.50%
|
08/01/54 (a)
|
1,000,000
|
997,372
|
|
State of California
|
||||
|
GO Bonds Series 2020
|
4.00%
|
03/01/36 (a)(h)
|
30,000
|
31,588
|
|
GO Bonds Series 2023
|
5.00%
|
09/01/37 (a)
|
2,500,000
|
2,812,906
|
|
GO Bonds Series 2024
|
5.00%
|
08/01/31
|
1,000,000
|
1,116,670
|
|
GO Bonds Series 2024
|
5.25%
|
08/01/44 (a)
|
1,420,000
|
1,582,824
|
|
GO Bonds Series 2025
|
5.00%
|
03/01/29
|
1,815,000
|
1,936,804
|
|
GO Bonds Series 2025
|
5.00%
|
08/01/33
|
1,500,000
|
1,722,638
|
|
GO Bonds Series 2025
|
5.00%
|
03/01/42 (a)
|
400,000
|
447,828
|
|
GO Bonds Series 2025
|
5.00%
|
08/01/43 (a)
|
1,500,000
|
1,675,370
|
|
GO Bonds Series 2025
|
5.00%
|
08/01/44 (a)
|
1,500,000
|
1,658,312
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Refunding GO Bonds Series 2007
|
5.25%
|
08/01/32
|
3,250,000
|
3,662,045
|
|
Refunding GO Bonds Series 2013
|
5.00%
|
10/01/26 (a)
|
5,000
|
5,009
|
|
Refunding GO Bonds Series 2015
|
5.00%
|
08/01/34 (a)
|
150,000
|
150,257
|
|
Refunding GO Bonds Series 2016
|
5.00%
|
09/01/29 (a)
|
1,290,000
|
1,297,951
|
|
Refunding GO Bonds Series 2017
|
3.50%
|
08/01/27
|
1,500,000
|
1,517,348
|
|
Refunding GO Bonds Series 2019
|
5.00%
|
04/01/30
|
1,930,000
|
2,106,456
|
|
Refunding GO Bonds Series 2019
|
5.00%
|
04/01/30 (a)
|
915,000
|
977,323
|
|
Refunding GO Bonds Series 2021
|
5.00%
|
10/01/28
|
2,120,000
|
2,244,348
|
|
Refunding GO Bonds Series 2024
|
5.00%
|
08/01/33
|
2,500,000
|
2,871,063
|
|
Refunding GO Bonds Series 2024
|
5.00%
|
08/01/35 (a)
|
5,000,000
|
5,778,776
|
|
Refunding GO Bonds Series 2025
|
5.00%
|
08/01/28
|
2,000,000
|
2,109,332
|
|
Refunding GO Bonds Series 2025
|
3.25%
|
08/01/31
|
2,000,000
|
2,056,250
|
|
Refunding GO Bonds Series 2025
|
5.00%
|
03/01/38 (a)
|
2,235,000
|
2,558,531
|
|
Refunding GO Bonds Series 2025
|
5.00%
|
03/01/45 (a)
|
500,000
|
547,044
|
|
Refunding GO Bonds Series 2026
|
5.00%
|
10/01/32
|
2,000,000
|
2,271,649
|
|
Sunnyvale Financing Authority
|
||||
|
Solid Waste Revenue RB Series 2025
|
5.00%
|
11/01/44 (a)
|
850,000
|
941,068
|
|
Tahoe-Truckee Sanitation Agency Financing Authority
|
||||
|
RB Series 2026
|
4.00%
|
07/01/43 (a)
|
950,000
|
974,925
|
|
Temescal Valley Water District Public Financing Authority
|
||||
|
Refunding Special Tax Series 2024
|
5.00%
|
09/01/33
|
550,000
|
624,864
|
|
Refunding Special Tax Series 2024
|
5.00%
|
09/01/34
|
475,000
|
545,683
|
|
Tender Option Bond Trust Receipts/Certificates
|
||||
|
RB Series 2025-XF3297
|
2.80%
|
05/01/55 (a)(f)(g)(j)
|
2,045,000
|
2,045,000
|
|
RB Series 2026-XM1344
|
2.80%
|
05/01/33 (a)(f)(g)(j)
|
4,490,000
|
4,490,000
|
|
Twin Rivers Unified School District
|
||||
|
GO Bonds Series 2025B
|
4.50%
|
08/01/49 (a)
|
2,000,000
|
2,021,069
|
|
University of California
|
||||
|
RB Series 2025CA
|
5.00%
|
05/15/38 (a)
|
2,000,000
|
2,286,199
|
|
RB Series 2025CD
|
5.00%
|
05/15/30
|
5,000,000
|
5,468,331
|
|
RB Series 2025CD
|
5.00%
|
05/15/35
|
5,000,000
|
5,835,914
|
|
RB Series 2025CD
|
5.25%
|
05/15/40
|
765,000
|
929,289
|
|
Refunding RB Series 2021Q
|
3.00%
|
05/15/51 (a)
|
930,000
|
697,628
|
|
Refunding RB Series 2024BW
|
5.00%
|
05/15/40 (a)
|
1,000,000
|
1,116,958
|
|
Refunding RB Series 2026CF
|
5.00%
|
11/15/35
|
2,000,000
|
2,342,401
|
|
University of California College of the Law San Francisco
|
||||
|
RB Series 2017
|
5.00%
|
04/01/32 (a)(h)
|
1,100,000
|
1,121,344
|
|
RB Series 2017
|
5.00%
|
04/01/34 (a)(h)
|
1,115,000
|
1,136,635
|
|
Val Verde Unified School District
|
||||
|
GO Bonds Series 2026D
|
5.00%
|
08/01/35
|
350,000
|
411,602
|
|
GO Bonds Series 2026D
|
5.00%
|
08/01/36
|
350,000
|
414,316
|
|
Vallejo City Unified School District
|
||||
|
GO Bonds Series 2025
|
4.00%
|
08/01/42 (a)
|
1,000,000
|
1,013,921
|
|
Walnut Creek Joint Powers Financing Authority
|
||||
|
RB Series 2025
|
5.00%
|
06/01/26
|
1,385,000
|
1,385,000
|
|
West Contra Costa Unified School District
|
||||
|
Refunding GO Bonds Series 2025A
|
5.00%
|
08/01/37 (a)
|
450,000
|
524,587
|
|
Refunding GO Bonds Series 2025A
|
5.00%
|
08/01/38 (a)
|
400,000
|
462,006
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
West Hills Community College District
|
||||
|
Refunding GO Bonds Series 2016B
|
5.00%
|
08/01/26
|
450,000
|
451,843
|
|
Refunding GO Bonds Series 2016B
|
5.00%
|
08/01/30 (a)
|
595,000
|
597,666
|
|
Refunding GO Bonds Series 2016B
|
5.00%
|
08/01/31 (a)
|
635,000
|
637,770
|
|
|
|
|
|
586,588,767
|
|
GUAM 1.3%
|
||||
|
Guam Government Waterworks Authority
|
||||
|
Water & Wastewater System RB Series 2025A
|
5.25%
|
07/01/40 (a)
|
645,000
|
703,525
|
|
Water & Wastewater System RB Series 2025A
|
5.25%
|
07/01/41 (a)
|
585,000
|
631,454
|
|
Water & Wastewater System RB Series 2025A
|
5.25%
|
07/01/50 (a)
|
250,000
|
257,335
|
|
Water & Wastewater System Refunding RB Series 2024A
|
5.00%
|
07/01/41 (a)
|
600,000
|
633,038
|
|
Guam Power Authority
|
||||
|
Refunding RB Series 2022A
|
5.00%
|
10/01/32
|
2,000,000
|
2,153,855
|
|
Refunding RB Series 2022A
|
5.00%
|
10/01/39 (a)
|
1,190,000
|
1,255,594
|
|
Refunding RB Series 2024A
|
5.00%
|
10/01/36 (a)
|
400,000
|
434,359
|
|
Refunding RB Series 2024A
|
5.00%
|
10/01/37 (a)
|
650,000
|
699,910
|
|
Territory of Guam
|
||||
|
Refunding RB Series 2025G
|
5.00%
|
01/01/28
|
500,000
|
512,817
|
|
Refunding RB Series 2025G
|
5.00%
|
01/01/34
|
500,000
|
545,021
|
|
|
|
|
|
7,826,908
|
|
PUERTO RICO 0.7%
|
||||
|
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue
|
||||
|
RB Series 2018A-1
|
4.75%
|
07/01/53 (a)
|
2,500,000
|
2,408,421
|
|
RB Series 2018A-1
|
5.00%
|
07/01/58 (a)
|
1,500,000
|
1,482,291
|
|
|
|
|
|
3,890,712
|
|
Total Municipal Securities
(Cost $592,776,015)
|
598,306,387
|
|||
|
Total Investments in Securities
(Cost $592,776,015)
|
598,306,387
|
|||
|
(a)
|
The effective maturity may be shorter than the final maturity shown because the security
is subject to a put, demand or call feature.
|
|
(b)
|
Zero coupon bond. When a security is purchased with a zero coupon rate the effective
yield at the time of purchase is shown.
|
|
(c)
|
Step up bond that pays an initial coupon rate for a set period and increased coupon
rates at one or more preset intervals. Rate shown is as of period end.
|
|
(d)
|
Security or a portion of the security purchased on a delayed-delivery or when-issued
basis.
|
|
(e)
|
Bond currently pays a fixed coupon rate and will be remarketed at a to be determined
rate at the end of the current fixed rate term.
|
|
(f)
|
Credit-enhanced or liquidity-enhanced.
|
|
(g)
|
Securities exempt from registration under Rule 144A of the Securities Act of 1933,
as amended. These securities may be resold in transactions exempt from registrations,
normally to qualified institutional buyers. At the period end, the value of these
amounted to $11,832,841 or 2.0% of net assets.
|
|
(h)
|
Refunded bond.
|
|
(i)
|
VRDN is a municipal security which allows holders to sell their security through a
put or tender feature, at par value plus accrued interest. The interest rate resets
on a
periodic basis, the majority of which are weekly but may be daily or monthly. Unless
a reference rate and spread is shown parenthetically, the Remarketing Agent, generally
a dealer, determines the interest rate for the security at each interest rate reset
date. The rate is typically based on the SIFMA Municipal Swap Index.
|
|
(j)
|
TOB is a synthetically created VRDN where the owner of a long-term bond places the
bond in a trust in combination with a liquidity facility. The trust then sells certificates
which mirror the VRDN sold directly by a municipal issuer. VRDN is a municipal security
which allows holders to sell their security through a put or tender feature, at par
value plus accrued interest. The interest rate resets on a periodic basis, the majority
of which are weekly but may be daily or monthly. Unless a reference rate and spread
is
shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest
rate for the security at each interest rate reset date. The rate is typically based
on the SIFMA Municipal Swap Index.
|
|
COP —
|
Certificate of participation
|
|
CP —
|
Commercial paper
|
|
GO —
|
General obligation
|
|
RB —
|
Revenue bond
|
|
SIFMA —
|
Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index
is a market index comprised of high-grade 7-day tax-exempt Variable Rate
Demand Obligations with certain characteristics.
|
|
TOB —
|
Tender option bond
|
|
VRDN —
|
Variable rate demand note
|
|
DESCRIPTION
|
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
|
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
|
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
|
TOTAL
|
|
Assets
|
|
|
|
|
|
Municipal Securities1
|
$—
|
$598,306,387
|
$—
|
$598,306,387
|
|
Total
|
$—
|
$598,306,387
|
$—
|
$598,306,387
|
|
1
|
As categorized in the Portfolio Holdings.
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
MUNICIPAL SECURITIES 102.3% OF NET ASSETS
|
||||
|
ALABAMA 3.8%
|
||||
|
Alabama Highway Authority
|
||||
|
RB Series 2025
|
5.00%
|
09/01/34
|
250,000
|
287,596
|
|
Black Belt Energy Gas District
|
||||
|
RB Series 2023C
|
5.50%
|
10/01/54 (a)(b)
|
250,000
|
270,149
|
|
RB Series 2024D
|
5.00%
|
03/01/55 (a)(b)
|
250,000
|
266,708
|
|
RB Series 2026A
|
5.00%
|
12/01/34 (b)
|
250,000
|
264,256
|
|
RB Series 2026E
|
5.00%
|
07/01/31 (b)
|
250,000
|
262,945
|
|
RB Series 2026F
|
5.00%
|
12/01/33 (b)
|
250,000
|
266,498
|
|
RB Series 2026F
|
5.00%
|
12/01/35 (b)
|
250,000
|
265,756
|
|
RB Series 2026I
|
5.00%
|
10/01/33 (b)
|
300,000
|
322,006
|
|
Refunding RB Series 2022D-1
|
4.00%
|
07/01/52 (b)
|
500,000
|
504,613
|
|
Energy Southeast A Cooperative District
|
||||
|
RB Series 2023B-1
|
5.75%
|
04/01/54 (a)(b)
|
250,000
|
274,201
|
|
RB Series 2024B
|
5.25%
|
07/01/54 (a)(b)
|
250,000
|
266,834
|
|
Southeast Energy Authority A Cooperative District
|
||||
|
RB Series 2024C
|
5.00%
|
10/01/55 (a)(b)
|
250,000
|
265,905
|
|
RB Series 2025H
|
5.00%
|
11/01/35 (b)
|
250,000
|
266,389
|
|
|
|
|
|
3,783,856
|
|
ARIZONA 0.7%
|
||||
|
La Paz County Industrial Development Authority
|
||||
|
Harmony Public Schools RB Series 2018A
|
5.00%
|
02/15/38 (b)
|
400,000
|
404,761
|
|
Salt River Project Agricultural Improvement & Power District
|
||||
|
RB Series 2025C
|
5.00%
|
01/01/51 (b)
|
250,000
|
261,635
|
|
|
|
|
|
666,396
|
|
CALIFORNIA 7.8%
|
||||
|
Antelope Valley Community College District
|
||||
|
GO Bonds Series 2025D
|
4.62%
|
08/01/43 (b)(c)
|
700,000
|
326,806
|
|
Burbank-Glendale-Pasadena Airport Authority Brick Campaign
|
||||
|
RB Series 2026B
|
5.50%
|
07/01/55 (b)
|
250,000
|
267,975
|
|
California Community Choice Financing Authority
|
||||
|
RB Series 2023C
|
5.25%
|
01/01/54 (a)(b)
|
250,000
|
265,536
|
|
RB Series 2024A-1
|
5.00%
|
05/01/54 (a)(b)
|
250,000
|
265,280
|
|
RB Series 2025C
|
5.00%
|
12/01/55 (a)(b)
|
250,000
|
261,209
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
California Municipal Finance Authority
|
||||
|
HumanGood California Obligated Group Refunding RB Series 2025A
|
5.00%
|
10/01/41 (b)
|
210,000
|
221,049
|
|
California Public Finance Authority
|
||||
|
Henry Mayo Newhall Hospital Obligated Group Refunding RB Series 2021A
|
4.00%
|
10/15/28
|
350,000
|
354,738
|
|
P3 Irvine SL Holdings LLC Obligated Group RB Series 2024A
|
6.20%
|
06/01/44 (b)
|
250,000
|
249,844
|
|
California School Finance Authority
|
||||
|
Granada Hills Charter High School Obligated Group RB Series 2024A
|
5.00%
|
07/01/26
|
230,000
|
230,291
|
|
Granada Hills Charter High School Obligated Group RB Series 2024A
|
5.00%
|
07/01/43 (b)
|
175,000
|
176,260
|
|
Granada Hills Charter High School Obligated Group RB Series 2024A
|
5.00%
|
07/01/44 (b)
|
185,000
|
185,608
|
|
Chaffey Joint Union High School District
|
||||
|
GO Bonds Series 2024H
|
4.46%
|
08/01/49 (b)(c)
|
500,000
|
171,984
|
|
City of Palo Alto
|
||||
|
COP Series 2021
|
2.00%
|
11/01/38 (b)
|
250,000
|
199,670
|
|
City of San Francisco Public Utilities Commission Water Revenue
|
||||
|
RB Series 2025D
|
5.00%
|
11/01/51 (b)
|
250,000
|
265,633
|
|
Fresno Joint Powers Financing Authority
|
||||
|
City of Fresno RB Series 2025A
|
5.25%
|
04/01/55 (b)
|
250,000
|
264,495
|
|
Hawthorne Public Financing Authority
|
||||
|
City of Hawthorne RB Series 2024
|
5.00%
|
11/01/49 (b)
|
250,000
|
264,034
|
|
Los Angeles County Public Works Financing Authority
|
||||
|
County of Los Angeles RB Series 2025J
|
5.00%
|
12/01/44 (b)
|
250,000
|
278,478
|
|
Los Angeles Department of Water & Power
|
||||
|
RB Series 2026A
|
5.00%
|
07/01/48 (b)
|
500,000
|
520,878
|
|
Power System Revenue RB Series 2022B
|
5.00%
|
07/01/43 (b)
|
200,000
|
211,833
|
|
Los Angeles Department of Water & Power Water System Revenue
|
||||
|
RB Series 2024A
|
5.00%
|
07/01/39 (b)
|
155,000
|
168,810
|
|
Refunding RB Series 2025C
|
5.00%
|
07/01/49 (b)
|
250,000
|
259,401
|
|
Oakland Unified School District/Alameda County
|
||||
|
Refunding GO Bonds Series 2026A
|
5.00%
|
08/01/30
|
500,000
|
546,220
|
|
Pomona Unified School District
|
||||
|
GO Bonds Series 2025A
|
5.00%
|
08/01/55 (b)
|
250,000
|
262,629
|
|
San Diego County Regional Airport Authority
|
||||
|
RB Series 2021B
|
4.00%
|
07/01/46 (b)
|
250,000
|
234,511
|
|
San Francisco City & County Airport Commission-San Francisco International Airport
|
||||
|
Refunding RB Series 2026A
|
5.25%
|
05/01/45 (b)(d)
|
250,000
|
271,540
|
|
Southern California Public Power Authority
|
||||
|
City of Anaheim Electric System Revenue RB Series 2024A
|
5.00%
|
04/01/55 (a)(b)
|
250,000
|
261,558
|
|
State of California
|
||||
|
GO Bonds Series 2022
|
3.00%
|
04/01/52 (b)
|
330,000
|
253,827
|
|
GO Bonds Series 2026
|
5.00%
|
10/01/48 (b)
|
250,000
|
270,584
|
|
Refunding GO Bonds Series 2025
|
5.00%
|
08/01/45 (b)
|
250,000
|
274,466
|
|
|
|
|
|
7,785,147
|
|
COLORADO 3.6%
|
||||
|
City & County of Denver Airport System Revenue
|
||||
|
RB Series 2022A
|
4.13%
|
11/15/53 (b)
|
500,000
|
449,704
|
|
City of Colorado Springs Utilities System Revenue
|
||||
|
RB Series 2024A
|
5.00%
|
11/15/42 (b)
|
350,000
|
385,854
|
|
Colorado Educational & Cultural Facilities Authority
|
||||
|
Loveland Classical Schools RB Series 2023
|
5.00%
|
07/01/53 (b)(e)
|
375,000
|
363,246
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Colorado Health Facilities Authority
|
||||
|
Children’s Hospital Colorado Obligated Group Refunding RB Series 2020A
|
2.85%
|
12/01/52 (b)(e)(f)
|
1,765,000
|
1,765,000
|
|
CommonSpirit Health Obligated Group Refunding RB Series 2019A-1
|
5.00%
|
08/01/28
|
215,000
|
223,973
|
|
CommonSpirit Health Obligated Group Refunding RB Series 2019A-1
|
4.00%
|
08/01/44 (b)
|
200,000
|
185,797
|
|
University of Colorado Hospital Authority
|
||||
|
Health Obligated Group Refunding RB Series 2018C
|
2.80%
|
11/15/39 (b)(e)(f)
|
245,000
|
245,000
|
|
|
|
|
|
3,618,574
|
|
CONNECTICUT 1.6%
|
||||
|
Connecticut State Health & Educational Facilities Authority
|
||||
|
Quinnipiac University Refunding RB Series 2025O
|
5.00%
|
07/01/26
|
500,000
|
500,876
|
|
Quinnipiac University Refunding RB Series 2026P
|
5.00%
|
07/01/45 (b)
|
500,000
|
536,422
|
|
Yale University RB Series 2025B-3
|
5.00%
|
07/01/64 (a)(b)
|
250,000
|
288,616
|
|
State of Connecticut Special Tax Revenue
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
07/01/44 (b)
|
250,000
|
274,002
|
|
|
|
|
|
1,599,916
|
|
DISTRICT OF COLUMBIA 1.3%
|
||||
|
District of Columbia Water & Sewer Authority
|
||||
|
RB Series 2025C-2
|
2.85%
|
10/01/60 (b)(e)(f)
|
250,000
|
250,000
|
|
Metropolitan Washington Airports Authority Aviation Revenue
|
||||
|
Refunding RB Series 2024A
|
5.00%
|
10/01/44 (b)
|
250,000
|
260,650
|
|
Refunding RB Series 2025A
|
5.00%
|
10/01/50 (b)
|
500,000
|
510,321
|
|
Metropolitan Washington Airports Authority Dulles Toll Road Revenue
|
||||
|
Refunding RB Series 2019A
|
5.00%
|
10/01/44 (b)
|
250,000
|
256,436
|
|
|
|
|
|
1,277,407
|
|
FLORIDA 6.9%
|
||||
|
Alachua County Health Facilities Authority
|
||||
|
Shands Teaching Hospital & Clinics Obligated Group RB Series 2019A
|
3.00%
|
12/01/46 (b)
|
250,000
|
194,025
|
|
City of Cape Coral Water & Sewer Revenue
|
||||
|
RB Series 2025
|
5.25%
|
10/01/55 (b)
|
250,000
|
266,795
|
|
City of Hialeah Utility System
|
||||
|
Refunding RB Series 2022
|
5.00%
|
10/01/31
|
200,000
|
216,445
|
|
City of Tampa
|
||||
|
RB Series 2021C
|
2.00%
|
10/01/40 (b)
|
250,000
|
188,525
|
|
County of Broward Port Facilities Revenue
|
||||
|
RB Series 2025
|
5.00%
|
09/01/39 (b)
|
250,000
|
268,041
|
|
County of Miami-Dade Seaport Department
|
||||
|
Refunding RB Series 2023A
|
5.00%
|
10/01/26
|
210,000
|
211,273
|
|
County of Miami-Dade Water & Sewer System Revenue
|
||||
|
RB Series 2025A
|
5.00%
|
10/01/55 (b)
|
250,000
|
258,073
|
|
Refunding RB Series 2025B
|
4.00%
|
10/01/42 (b)
|
250,000
|
247,531
|
|
Florida Development Finance Corp.
|
||||
|
Florida Health Sciences Center, Inc. Obligated Group RB Series 2026A
|
5.00%
|
08/01/39 (b)
|
250,000
|
275,877
|
|
Greater Orlando Aviation Authority
|
||||
|
RB Series 2024
|
5.00%
|
10/01/30
|
250,000
|
269,706
|
|
Hillsborough County Industrial Development Authority
|
||||
|
BayCare Obligated Group Refunding RB Series 2024C
|
5.50%
|
11/15/54 (b)
|
250,000
|
266,088
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Jacksonville Aviation Authority
|
||||
|
RB Series 2026
|
5.50%
|
10/01/50 (b)
|
250,000
|
266,141
|
|
JEA Electric System Revenue
|
||||
|
Refunding RB Series 2024A
|
5.00%
|
10/01/38 (b)
|
250,000
|
280,822
|
|
Lee County Industrial Development Authority
|
||||
|
Lee Health System, Inc. Obligated Group RB Series 2026A-3
|
5.00%
|
04/01/65 (b)
|
250,000
|
279,484
|
|
Lee Health System, Inc. Obligated Group Refunding RB Series 2026B
|
2.85%
|
04/01/65 (b)(e)(f)
|
600,000
|
600,000
|
|
Shell Point Obligated Group RB Series 2024A
|
5.25%
|
11/15/44 (b)
|
275,000
|
289,071
|
|
Shell Point Obligated Group RB Series 2024B-1
|
4.75%
|
11/15/29 (b)
|
600,000
|
601,749
|
|
Miami Beach Health Facilities Authority
|
||||
|
Mount Sinai Medical Center of Florida Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/15/43 (b)
|
250,000
|
269,463
|
|
Miami Beach Redevelopment Agency
|
||||
|
Center/Historic Convention Village Redevelopment & Revitalization Tax Allocation
Series 2025
|
5.00%
|
02/01/43 (b)
|
250,000
|
267,812
|
|
Miami-Dade County Educational Facilities Authority
|
||||
|
University of Miami RB Series 2026
|
5.00%
|
04/01/45 (b)
|
250,000
|
268,658
|
|
Palm Beach County Health Facilities Authority
|
||||
|
Baptist Health South Florida Obligated Group RB Series 2019
|
3.00%
|
08/15/44 (b)
|
150,000
|
121,500
|
|
Village Community Development District No. 15
|
||||
|
Phase I Special Assessment Special Assessment Series 2023
|
5.00%
|
05/01/43 (b)
|
245,000
|
251,848
|
|
Phase I Special Assessment Special Assessment Series 2024
|
4.20%
|
05/01/39 (b)
|
250,000
|
250,232
|
|
Phase I Special Assessment Special Assessment Series 2024
|
4.80%
|
05/01/55 (b)
|
245,000
|
233,608
|
|
Village Community Development District No. 16
|
||||
|
Special Assessment Series 2025
|
4.88%
|
05/01/45 (b)
|
250,000
|
253,577
|
|
|
|
|
|
6,896,344
|
|
GEORGIA 1.8%
|
||||
|
Brookhaven Development Authority
|
||||
|
Children’s Healthcare of Atlanta Obligated Group RB Series 2019A
|
3.00%
|
07/01/46 (b)
|
300,000
|
237,898
|
|
Columbia County Hospital Authority
|
||||
|
WellStar Health System Obligated Group RB Series 2023A
|
5.13%
|
04/01/53 (b)
|
250,000
|
256,059
|
|
Main Street Energy, Inc.
|
||||
|
RB Series 2025D
|
5.00%
|
12/01/33 (b)
|
750,000
|
794,283
|
|
Main Street Natural Gas, Inc.
|
||||
|
RB Series 2023D
|
5.00%
|
05/01/54 (a)(b)
|
250,000
|
263,425
|
|
Metropolitan Atlanta Rapid Transit Authority
|
||||
|
Refunding RB Series 2025B
|
5.00%
|
07/01/36
|
250,000
|
291,510
|
|
|
|
|
|
1,843,175
|
|
IDAHO 0.6%
|
||||
|
Idaho Housing & Finance Association
|
||||
|
White Pine Charter School, Inc. RB Series 2023A
|
5.25%
|
05/01/38 (b)(e)
|
300,000
|
315,071
|
|
White Pine Charter School, Inc. RB Series 2023A
|
5.50%
|
05/01/43 (b)(e)
|
230,000
|
239,545
|
|
|
|
|
|
554,616
|
|
ILLINOIS 7.7%
|
||||
|
Chicago Board of Education
|
||||
|
GO Bonds Series 2023A
|
5.50%
|
12/01/31
|
450,000
|
478,091
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Chicago O’Hare International Airport
|
||||
|
RB Series 2022A
|
5.25%
|
01/01/53 (b)
|
300,000
|
304,041
|
|
RB Series 2025A
|
5.00%
|
01/01/37 (b)
|
250,000
|
274,938
|
|
RB Series 2026A
|
5.25%
|
01/01/56 (b)
|
250,000
|
261,290
|
|
Refunding RB Series 2025C
|
5.25%
|
01/01/54 (b)
|
250,000
|
262,520
|
|
Chicago Park District
|
||||
|
Refunding GO Bonds Series 2023C
|
5.00%
|
01/01/38 (b)
|
200,000
|
213,358
|
|
Chicago Transit Authority Sales Tax Receipts Fund
|
||||
|
RB Series 2026A
|
5.00%
|
12/01/46 (b)
|
250,000
|
262,617
|
|
RB Series 2026A
|
5.25%
|
12/01/51 (b)
|
200,000
|
208,635
|
|
RB Series 2026A
|
5.50%
|
12/01/59 (b)
|
200,000
|
210,664
|
|
Refunding RB Series 2020A
|
5.00%
|
12/01/55 (b)
|
250,000
|
251,334
|
|
City of Chicago
|
||||
|
GO Bonds Series 2019A
|
5.50%
|
01/01/49 (b)
|
75,000
|
75,204
|
|
GO Bonds Series 2024A
|
5.00%
|
01/01/41 (b)
|
295,000
|
297,268
|
|
City of Chicago Waterworks Revenue
|
||||
|
RB Series 2026A
|
5.25%
|
11/01/61 (b)
|
250,000
|
259,495
|
|
Refunding RB Series 2023B
|
5.00%
|
11/01/35 (b)
|
250,000
|
272,250
|
|
Illinois Finance Authority
|
||||
|
State of Illinois Water Revolving Fund - Clean Water Program RB Series 2025A
|
5.00%
|
07/01/45 (b)
|
250,000
|
270,477
|
|
Illinois Housing Development Authority
|
||||
|
Refunding RB Series 2026A
|
4.25%
|
10/01/41 (b)
|
250,000
|
252,107
|
|
Illinois State Toll Highway Authority
|
||||
|
RB Series 2025A
|
5.00%
|
01/01/46 (b)
|
250,000
|
267,491
|
|
Refunding RB Series 2024A
|
5.00%
|
01/01/36 (b)
|
250,000
|
283,374
|
|
Metropolitan Pier & Exposition Authority
|
||||
|
State of Illinois McCormick Place Expansion Project Fund Refunding RB Series 2010
|
4.77%
|
06/15/43 (c)
|
405,000
|
194,295
|
|
State of Illinois McCormick Place Expansion Project Fund Refunding RB Series
2022A
|
4.20%
|
06/15/41 (b)(c)
|
500,000
|
256,844
|
|
State of Illinois
|
||||
|
GO Bonds Series 2016
|
4.00%
|
06/01/35 (b)
|
250,000
|
250,020
|
|
GO Bonds Series 2022A
|
5.50%
|
03/01/47 (b)
|
320,000
|
335,281
|
|
GO Bonds Series 2023B
|
5.25%
|
05/01/39 (b)
|
250,000
|
269,023
|
|
GO Bonds Series 2024B
|
5.00%
|
10/01/27
|
415,000
|
426,770
|
|
GO Bonds Series 2024B
|
5.25%
|
05/01/49 (b)
|
200,000
|
206,002
|
|
GO Bonds Series 2025F
|
5.25%
|
09/01/46 (b)
|
250,000
|
261,200
|
|
GO Bonds Series 2026C
|
5.50%
|
04/01/51 (b)
|
500,000
|
533,076
|
|
University of Illinois Auxiliary Facilities System
|
||||
|
Refunding RB Series 2024A
|
5.25%
|
04/01/44 (b)
|
250,000
|
271,415
|
|
|
|
|
|
7,709,080
|
|
INDIANA 0.4%
|
||||
|
City of Whiting
|
||||
|
BP Products North America, Inc. RB Series 2008
|
4.20%
|
06/01/44 (a)(b)
|
150,000
|
156,917
|
|
Indiana Finance Authority
|
||||
|
Parkview Health System, Inc. Refunding RB Series 2026A
|
5.00%
|
11/01/49 (b)
|
250,000
|
257,508
|
|
|
|
|
|
414,425
|
|
KENTUCKY 0.7%
|
||||
|
Kenton County School District Finance Corp.
|
||||
|
Kenton County School District RB Series 2021
|
2.00%
|
12/01/27 (e)
|
330,000
|
322,254
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Louisville & Jefferson County Metropolitan Sewer District
|
||||
|
RB Series 2017A
|
3.25%
|
05/15/46 (b)
|
200,000
|
171,546
|
|
Northern Kentucky University
|
||||
|
RB Series 2019A
|
3.00%
|
09/01/40 (b)(e)
|
240,000
|
207,727
|
|
|
|
|
|
701,527
|
|
LOUISIANA 1.3%
|
||||
|
City of New Orleans
|
||||
|
Refunding GO Bonds Series 2022
|
5.00%
|
12/01/36 (b)
|
250,000
|
263,761
|
|
Louisiana Housing Corp.
|
||||
|
RB Series 2023C
|
5.75%
|
12/01/53 (b)
|
190,000
|
204,888
|
|
Louisiana Public Facilities Authority
|
||||
|
Ochsner Clinic Foundation Obligated Group Refunding RB Series 2020A
|
3.00%
|
05/15/47 (b)
|
215,000
|
160,544
|
|
Louisiana Stadium & Exposition District
|
||||
|
Refunding RB Series 2023A
|
5.00%
|
07/01/48 (b)
|
350,000
|
360,223
|
|
State of Louisiana Gasoline & Fuels Tax Revenue
|
||||
|
RB Series 2025B
|
5.00%
|
05/01/35
|
250,000
|
287,879
|
|
|
|
|
|
1,277,295
|
|
MAINE 0.8%
|
||||
|
Maine Health & Higher Educational Facilities Authority
|
||||
|
MaineHealth Obligated Group RB Series 2023B
|
5.25%
|
07/01/48 (b)
|
250,000
|
263,846
|
|
Maine State Housing Authority
|
||||
|
RB Series 2026A
|
4.65%
|
11/15/46 (b)
|
250,000
|
250,126
|
|
Refunding RB Series 2025D
|
4.85%
|
11/15/45 (b)
|
250,000
|
256,195
|
|
|
|
|
|
770,167
|
|
MARYLAND 1.2%
|
||||
|
Maryland Department of Housing & Community Development
|
||||
|
RB Series 2024B
|
4.80%
|
07/01/59 (b)
|
250,000
|
250,517
|
|
Maryland Economic Development Corp.
|
||||
|
Ports America Chesapeake LLC Refunding RB Series 2017A
|
5.00%
|
06/01/35 (b)
|
250,000
|
256,827
|
|
Maryland Health & Higher Educational Facilities Authority
|
||||
|
Frederick Health, Inc. Obligated Group Refunding RB Series 2023
|
5.00%
|
07/01/39 (b)
|
350,000
|
369,532
|
|
MedStar Health Obligated Group Refunding RB Series 2026A
|
5.00%
|
08/15/39 (b)
|
250,000
|
276,655
|
|
|
|
|
|
1,153,531
|
|
MASSACHUSETTS 3.1%
|
||||
|
City of Quincy
|
||||
|
GO Bonds Series 2021
|
2.00%
|
01/15/39 (b)
|
200,000
|
157,610
|
|
Commonwealth of Massachusetts
|
||||
|
GO Bonds Series 2025G
|
5.00%
|
12/01/47 (b)
|
250,000
|
267,149
|
|
Commonwealth of Massachusetts Transportation Fund Revenue
|
||||
|
RB Series 2025A
|
5.00%
|
06/01/52 (b)
|
250,000
|
260,409
|
|
Massachusetts Bay Transportation Authority Sales Tax Revenue
|
||||
|
RB Series 2025B
|
5.25%
|
07/01/55 (b)
|
500,000
|
531,897
|
|
Massachusetts Development Finance Agency
|
||||
|
Boston Medical Center Corp. Obligated Group Refunding RB Series 2023G
|
5.25%
|
07/01/52 (b)
|
285,000
|
286,091
|
|
Northeastern University RB Series 2026A
|
5.00%
|
10/01/38 (b)(d)
|
500,000
|
568,677
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Smith College Refunding RB Series 2025
|
4.00%
|
07/01/45 (b)
|
250,000
|
246,118
|
|
Suffolk University Refunding RB Series 2025
|
6.00%
|
07/01/50 (b)
|
250,000
|
267,062
|
|
Massachusetts Housing Finance Agency
|
||||
|
Refunding RB Series 2017A
|
4.45%
|
12/01/42 (b)
|
500,000
|
495,510
|
|
|
|
|
|
3,080,523
|
|
MICHIGAN 3.7%
|
||||
|
Anchor Bay School District
|
||||
|
GO Bonds Series 2025II
|
5.00%
|
11/01/44 (b)(e)
|
250,000
|
269,263
|
|
Great Lakes Water Authority Water Supply System Revenue
|
||||
|
Refunding RB Series 2026B
|
5.00%
|
07/01/42 (b)(d)
|
250,000
|
275,282
|
|
Lansing Board of Water & Light
|
||||
|
Refunding RB Series 2024A
|
5.00%
|
07/01/49 (b)
|
250,000
|
260,369
|
|
Michigan Finance Authority
|
||||
|
Detroit Public Lighting Authority Utility Users Tax Revenue Refunding RB Series
2025A
|
5.00%
|
07/01/43 (b)
|
500,000
|
541,394
|
|
Saginaw City School District
|
||||
|
GO Bonds Series 2021
|
4.00%
|
05/01/50 (b)(e)
|
225,000
|
207,369
|
|
Southfield Public Schools
|
||||
|
GO Bonds Series 2025
|
5.00%
|
05/01/36 (b)(e)
|
220,000
|
250,003
|
|
State of Michigan
|
||||
|
Refunding RB Series 2016
|
5.00%
|
03/15/27
|
350,000
|
356,475
|
|
State of Michigan Trunk Line Revenue
|
||||
|
RB Series 2023
|
5.50%
|
11/15/49 (b)
|
250,000
|
269,116
|
|
Troy School District
|
||||
|
Refunding GO Bonds Series 2026
|
5.00%
|
05/01/55 (b)(e)
|
250,000
|
259,086
|
|
Utica Community Schools
|
||||
|
GO Bonds Series 2026
|
5.00%
|
05/01/40 (b)(d)(e)
|
250,000
|
279,250
|
|
Van Buren Public Schools
|
||||
|
GO Bonds Series 2026I
|
5.00%
|
11/01/39 (b)(e)
|
500,000
|
552,332
|
|
Waverly Community Schools
|
||||
|
GO Bonds Series 2022I
|
3.00%
|
11/01/47 (b)(e)
|
200,000
|
151,527
|
|
|
|
|
|
3,671,466
|
|
MINNESOTA 2.4%
|
||||
|
City of Minneapolis/St. Paul Housing & Redevelopment Authority
|
||||
|
Children’s Health Care Obligated Group RB Series 2025
|
5.00%
|
08/15/31
|
250,000
|
275,873
|
|
Hopkins Independent School District No. 270
|
||||
|
GO Bonds Series 2019A
|
3.00%
|
02/01/34 (b)(e)
|
285,000
|
279,481
|
|
Minneapolis-St. Paul Metropolitan Airports Commission
|
||||
|
RB Series 2024A
|
4.00%
|
01/01/54 (b)
|
290,000
|
264,328
|
|
RB Series 2024B
|
5.00%
|
01/01/30
|
250,000
|
266,374
|
|
Minnesota Agricultural & Economic Development Board
|
||||
|
Fairview Health Services Obligated Group Refunding RB Series 2026A
|
5.00%
|
11/15/44 (b)
|
300,000
|
317,225
|
|
Minnesota Municipal Gas Agency
|
||||
|
RB Series 2026A
|
5.00%
|
09/01/35 (b)
|
250,000
|
261,743
|
|
State of Minnesota
|
||||
|
GO Bonds Series 2024A
|
5.00%
|
08/01/26
|
500,000
|
502,048
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Wayzata Independent School District No. 284
|
||||
|
GO Bonds Series 2019-A
|
2.25%
|
02/01/35 (b)(e)
|
300,000
|
262,401
|
|
|
|
|
|
2,429,473
|
|
MISSOURI 0.9%
|
||||
|
City of St. Louis Airport Revenue
|
||||
|
RB Series 2024A
|
5.25%
|
07/01/49 (b)
|
250,000
|
263,952
|
|
Health & Educational Facilities Authority of the State of Missouri
|
||||
|
Lutheran Senior Services Obligated Group Refunding RB Series 2024A
|
5.25%
|
02/01/48 (b)
|
295,000
|
300,317
|
|
Kansas City Industrial Development Authority
|
||||
|
Airport Revenue RB Series 2020A
|
5.00%
|
03/01/32 (b)
|
345,000
|
364,342
|
|
|
|
|
|
928,611
|
|
NEBRASKA 0.6%
|
||||
|
Nebraska Public Power District
|
||||
|
Refunding RB Series 2026A
|
5.00%
|
01/01/45 (b)
|
250,000
|
268,243
|
|
Refunding RB Series 2026A
|
5.00%
|
01/01/48 (b)
|
100,000
|
105,232
|
|
Omaha Public Power District
|
||||
|
RB Series 2026A
|
5.00%
|
02/01/51 (b)(d)
|
250,000
|
261,691
|
|
|
|
|
|
635,166
|
|
NEVADA 0.2%
|
||||
|
County of Clark Department of Aviation
|
||||
|
Refunding RB Series 2021B
|
5.00%
|
07/01/27
|
235,000
|
240,426
|
|
NEW HAMPSHIRE 0.8%
|
||||
|
New Hampshire Business Finance Authority
|
||||
|
Novant Health Obligated Group RB Series 2025A
|
5.00%
|
06/01/55 (b)
|
250,000
|
250,174
|
|
Waste Management, Inc. Refunding RB Series 2018A
|
4.00%
|
10/01/33 (a)(b)
|
250,000
|
250,209
|
|
New Hampshire Health & Education Facilities Authority Act
|
||||
|
Dartmouth Health Obligated Group Refunding RB Series 2025
|
5.50%
|
08/01/50 (b)
|
250,000
|
267,830
|
|
|
|
|
|
768,213
|
|
NEW JERSEY 3.3%
|
||||
|
New Jersey Economic Development Authority
|
||||
|
State of New Jersey RB Series 2017B
|
5.00%
|
06/15/30 (b)
|
240,000
|
254,592
|
|
New Jersey Health Care Facilities Financing Authority
|
||||
|
RWJ Barnabas Health Obligated Group Refunding RB Series 2026A
|
5.00%
|
07/01/31
|
250,000
|
274,550
|
|
New Jersey Housing & Mortgage Finance Agency
|
||||
|
RB Series 2025A
|
4.90%
|
11/01/50 (b)
|
250,000
|
253,274
|
|
RB Series 2025A
|
4.95%
|
11/01/55 (b)
|
250,000
|
252,364
|
|
New Jersey Transportation Trust Fund Authority
|
||||
|
State of New Jersey RB Series 2020AA
|
4.00%
|
06/15/50 (b)
|
180,000
|
165,343
|
|
State of New Jersey RB Series 2023BB
|
5.00%
|
06/15/43 (b)
|
250,000
|
268,158
|
|
State of New Jersey RB Series 2023BB
|
5.00%
|
06/15/46 (b)
|
250,000
|
262,304
|
|
State of New Jersey RB Series 2024CC
|
5.25%
|
06/15/50 (b)
|
500,000
|
526,657
|
|
State of New Jersey RB Series 2025AA
|
5.00%
|
06/15/55 (b)
|
250,000
|
256,864
|
|
State of New Jersey Refunding RB Series 2019A
|
5.00%
|
12/15/33 (b)
|
225,000
|
239,592
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
New Jersey Turnpike Authority
|
||||
|
RB Series 2025B
|
5.00%
|
01/01/28
|
250,000
|
259,746
|
|
RB Series 2025B
|
5.00%
|
01/01/31
|
250,000
|
274,495
|
|
|
|
|
|
3,287,939
|
|
NEW YORK 12.2%
|
||||
|
Buffalo Municipal Water Finance Authority
|
||||
|
RB Series 2026A
|
4.38%
|
07/01/50 (b)
|
250,000
|
248,904
|
|
Build NYC Resource Corp.
|
||||
|
Success Academy Charter Schools, Inc. Obligated Group RB Series 2024
|
5.00%
|
09/01/39 (b)
|
250,000
|
262,736
|
|
City of New York
|
||||
|
GO Bonds Series 2019B-1
|
3.00%
|
10/01/44 (b)
|
545,000
|
435,558
|
|
GO Bonds Series 2025A-1
|
5.25%
|
08/01/53 (b)
|
250,000
|
262,807
|
|
GO Bonds Series 2025D
|
5.25%
|
10/01/51 (b)
|
250,000
|
263,968
|
|
GO Bonds Series 2025G-1
|
5.00%
|
02/01/39 (b)
|
250,000
|
277,844
|
|
Refunding GO Bonds Series 2026F-1
|
5.00%
|
08/01/32 (b)
|
500,000
|
557,293
|
|
Long Island Power Authority
|
||||
|
Refunding RB Series 2024A
|
5.25%
|
09/01/54 (b)
|
205,000
|
217,067
|
|
Metropolitan Transportation Authority
|
||||
|
Refunding RB Series 2016C-2A
|
3.00%
|
11/15/38 (b)
|
200,000
|
169,541
|
|
Refunding RB Series 2025B
|
5.00%
|
11/15/31
|
250,000
|
277,197
|
|
Refunding RB Series 2025B
|
5.00%
|
11/15/42 (b)
|
250,000
|
270,799
|
|
New York City Housing Development Corp.
|
||||
|
RB Series 2024F-1A
|
4.55%
|
11/01/54 (b)
|
500,000
|
493,023
|
|
New York City Municipal Water Finance Authority
|
||||
|
Water & Sewer System RB Series 2024AA
|
5.00%
|
06/15/51 (b)
|
250,000
|
259,293
|
|
Water & Sewer System RB Series 2024CC-1
|
4.25%
|
06/15/54 (b)
|
250,000
|
234,506
|
|
Water & Sewer System RB Series 2025AA-1
|
5.00%
|
06/15/55 (b)
|
250,000
|
258,618
|
|
Water & Sewer System Refunding RB Series 2025CC
|
5.00%
|
06/15/46 (b)
|
250,000
|
266,335
|
|
New York City Transitional Finance Authority Building Aid Revenue
|
||||
|
State of New York RB Series 2025S-1
|
5.00%
|
07/15/34
|
250,000
|
288,645
|
|
State of New York RB Series 2025S-1
|
5.00%
|
07/15/35
|
250,000
|
290,624
|
|
New York City Transitional Finance Authority Future Tax Secured Revenue
|
||||
|
RB Series 2016E-4
|
2.85%
|
02/01/45 (b)(e)(f)
|
200,000
|
200,000
|
|
RB Series 2018A-4
|
2.85%
|
08/01/45 (b)(e)(f)
|
200,000
|
200,000
|
|
RB Series 2022C-1
|
4.00%
|
02/01/39 (b)
|
250,000
|
253,906
|
|
RB Series 2023B
|
4.38%
|
05/01/53 (b)
|
250,000
|
238,874
|
|
RB Series 2024G-1
|
5.25%
|
05/01/51 (b)
|
400,000
|
420,696
|
|
RB Series 2025A
|
5.25%
|
05/01/52 (b)
|
250,000
|
263,588
|
|
RB Series 2025H
|
5.50%
|
11/01/51 (b)
|
250,000
|
268,964
|
|
RB Series 2026I
|
5.25%
|
11/01/51 (b)(d)
|
250,000
|
266,072
|
|
Refunding RB Series 2025F-1
|
5.00%
|
11/01/37 (b)
|
250,000
|
280,265
|
|
Refunding RB Series 2026G
|
5.00%
|
11/01/38 (b)(d)
|
250,000
|
282,037
|
|
New York State Dormitory Authority
|
||||
|
RB Series 2026A
|
5.00%
|
10/01/36 (b)(d)
|
250,000
|
281,544
|
|
New York Institute of Technology RB Series 2024
|
5.00%
|
07/01/43 (b)
|
500,000
|
520,632
|
|
Personal Income Tax Revenue Refunding RB Series 2025C
|
5.25%
|
03/15/50 (b)
|
250,000
|
266,572
|
|
Sales Tax Revenue Refunding RB Series 2025A
|
5.00%
|
03/15/47 (b)
|
250,000
|
264,445
|
|
State of New York Personal Income Tax Revenue Refunding RB Series 2026A
|
5.00%
|
03/15/53 (b)
|
250,000
|
259,650
|
|
State University of New York Dormitory Facilities Revenue RB Series 2025A
|
5.25%
|
07/01/55 (b)
|
250,000
|
262,697
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
New York State Thruway Authority
|
||||
|
Personal Income Tax Revenue Refunding RB Series 2021A-1
|
4.00%
|
03/15/47 (b)
|
275,000
|
257,157
|
|
New York Transportation Development Corp.
|
||||
|
JFK Millennium Partners LLC Refunding RB Series 2024A
|
5.50%
|
12/31/54 (b)
|
250,000
|
255,865
|
|
JFK NTO LLC RB Series 2023
|
5.50%
|
06/30/39 (b)
|
250,000
|
265,612
|
|
JFK NTO LLC RB Series 2024
|
5.25%
|
06/30/49 (b)
|
250,000
|
251,740
|
|
JFK NTO LLC RB Series 2025
|
6.00%
|
06/30/50 (b)
|
250,000
|
267,587
|
|
Port Authority of New York & New Jersey
|
||||
|
Refunding RB Series 2025-250
|
5.25%
|
10/15/51 (b)
|
250,000
|
269,568
|
|
Triborough Bridge & Tunnel Authority
|
||||
|
RB Series 2025A
|
5.50%
|
11/15/53 (b)
|
250,000
|
269,933
|
|
Metropolitan Transportation Authority Payroll Mobility Tax Revenue RB Series
2022D-2
|
5.50%
|
05/15/52 (b)
|
230,000
|
245,247
|
|
Metropolitan Transportation Authority Payroll Mobility Tax Revenue Refunding RB
Series 2022A
|
5.00%
|
05/15/57 (b)
|
250,000
|
256,663
|
|
|
|
|
|
12,204,072
|
|
NORTH CAROLINA 1.9%
|
||||
|
City of Charlotte
|
||||
|
Refunding COP Series 2026A
|
5.00%
|
12/01/38 (b)
|
250,000
|
287,879
|
|
City of Sanford Utility Systems Revenue
|
||||
|
RB Series 2024
|
4.00%
|
06/01/49 (b)
|
250,000
|
239,087
|
|
Greater Asheville Regional Airport Authority
|
||||
|
RB Series 2022A
|
5.50%
|
07/01/52 (b)
|
250,000
|
259,075
|
|
North Carolina Housing Finance Agency
|
||||
|
RB Series 2025A-59
|
4.55%
|
07/01/45 (b)
|
250,000
|
247,848
|
|
North Carolina Medical Care Commission
|
||||
|
Carolina Meadows, Inc. Obligated Group RB Series 2024
|
5.25%
|
12/01/49 (b)
|
500,000
|
514,423
|
|
United Methodist Retirement Homes, Inc. Obligated Group RB Series 2024A
|
5.00%
|
10/01/49 (b)
|
310,000
|
312,647
|
|
|
|
|
|
1,860,959
|
|
OHIO 1.1%
|
||||
|
Columbus Regional Airport Authority
|
||||
|
Refunding RB Series 2025A
|
5.50%
|
01/01/50 (b)
|
250,000
|
264,650
|
|
County of Hamilton
|
||||
|
UC Health Obligated Group Refunding RB Series 2025A
|
5.50%
|
08/01/45 (b)
|
250,000
|
262,287
|
|
State of Ohio
|
||||
|
RB Series 2026A
|
5.00%
|
10/01/40 (b)
|
250,000
|
277,765
|
|
University of Cincinnati
|
||||
|
RB Series 2024A
|
5.25%
|
06/01/54 (b)
|
250,000
|
261,540
|
|
|
|
|
|
1,066,242
|
|
OKLAHOMA 1.2%
|
||||
|
Oklahoma Development Finance Authority
|
||||
|
OU Medicine Obligated Group RB Series 2018B
|
5.50%
|
08/15/57 (b)
|
500,000
|
501,037
|
|
Oklahoma Municipal Power Authority
|
||||
|
Refunding RB Series 2025A
|
5.25%
|
01/01/51 (b)
|
250,000
|
266,479
|
|
Oklahoma Water Resources Board
|
||||
|
RB Series 2021C
|
3.00%
|
10/01/36 (b)
|
195,000
|
183,297
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
University of Oklahoma
|
||||
|
Refunding RB Series 2024A
|
4.13%
|
07/01/54 (b)
|
250,000
|
234,458
|
|
|
|
|
|
1,185,271
|
|
OREGON 0.4%
|
||||
|
Lane County School District No. 40 Creswell
|
||||
|
GO Bonds Series 2023
|
5.18%
|
06/15/43 (b)(c)(e)
|
900,000
|
390,834
|
|
PENNSYLVANIA 3.5%
|
||||
|
Allegheny County Sanitary Authority
|
||||
|
Refunding RB Series 2025
|
4.25%
|
12/01/44 (b)
|
250,000
|
252,621
|
|
Refunding RB Series 2025
|
5.00%
|
12/01/50 (b)
|
250,000
|
260,879
|
|
Commonwealth Financing Authority
|
||||
|
RB Series 2018
|
5.00%
|
06/01/35 (b)
|
500,000
|
515,508
|
|
Commonwealth of Pennsylvania
|
||||
|
GO Bonds Series 2024-1st
|
5.00%
|
08/15/27
|
305,000
|
314,192
|
|
Pennsylvania Economic Development Financing Authority
|
||||
|
Republic Services, Inc. RB Series 2021B-2
|
3.25%
|
04/01/49 (a)(b)
|
250,000
|
249,992
|
|
Republic Services, Inc. Refunding RB Series 2019A
|
2.95%
|
04/01/34 (a)(b)
|
250,000
|
249,910
|
|
UPMC Obligated Group Refunding RB Series 2026A
|
5.25%
|
12/15/51 (b)
|
250,000
|
261,233
|
|
Waste Management, Inc. RB Series 2021A
|
4.00%
|
06/01/41 (a)(b)
|
250,000
|
250,198
|
|
Pennsylvania Housing Finance Agency
|
||||
|
RB Series 2025151-A
|
3.90%
|
10/01/37 (b)
|
250,000
|
248,765
|
|
RB Series 2025-151A
|
4.90%
|
10/01/50 (b)
|
250,000
|
250,667
|
|
Refunding RB Series 2025-150A
|
4.25%
|
10/01/36 (b)
|
100,000
|
102,272
|
|
Pennsylvania Turnpike Commission
|
||||
|
Refunding RB Series 2025-1st
|
5.00%
|
06/01/28
|
250,000
|
260,974
|
|
Refunding RB Series 2025-2nd
|
5.00%
|
12/01/43 (b)
|
210,000
|
230,104
|
|
|
|
|
|
3,447,315
|
|
PUERTO RICO 1.0%
|
||||
|
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue
|
||||
|
RB Series 2018A-1
|
5.23%
|
07/01/46 (b)(c)
|
500,000
|
182,508
|
|
RB Series 2018A-1
|
5.27%
|
07/01/51 (b)(c)
|
500,000
|
134,288
|
|
RB Series 2018A-1
|
4.75%
|
07/01/53 (b)
|
450,000
|
433,516
|
|
RB Series 2018A-1
|
5.00%
|
07/01/58 (b)
|
250,000
|
247,048
|
|
|
|
|
|
997,360
|
|
SOUTH CAROLINA 2.1%
|
||||
|
South Carolina Jobs-Economic Development Authority
|
||||
|
Novant Health Obligated Group RB Series 2024A
|
5.50%
|
11/01/54 (b)
|
250,000
|
265,240
|
|
South Carolina Ports Authority
|
||||
|
RB Series 2018
|
4.00%
|
07/01/55 (b)
|
260,000
|
228,295
|
|
South Carolina Public Service Authority
|
||||
|
RB Series 2022E
|
5.75%
|
12/01/47 (b)
|
500,000
|
539,555
|
|
RB Series 2024A
|
5.00%
|
12/01/30
|
250,000
|
273,483
|
|
RB Series 2026A
|
5.25%
|
12/01/56 (b)
|
250,000
|
260,574
|
|
Refunding RB Series 2016B
|
5.00%
|
12/01/56 (b)
|
250,000
|
249,810
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
South Carolina State Housing Finance & Development Authority
|
||||
|
RB Series 2026A
|
4.50%
|
07/01/46 (b)
|
250,000
|
249,033
|
|
|
|
|
|
2,065,990
|
|
TENNESSEE 3.0%
|
||||
|
Chattanooga Health Educational & Housing Facility Board
|
||||
|
CDFI Phase I LLC Refunding RB Series 2015
|
5.00%
|
10/01/29 (b)
|
500,000
|
500,174
|
|
Metropolitan Government Nashville & Davidson County Health & Educational Facilities
Board
|
||||
|
Belmont University RB Series 2023
|
5.25%
|
05/01/53 (b)
|
250,000
|
256,455
|
|
Vanderbilt University Medical Center Obligated Group Refunding RB Series 2026B
|
5.00%
|
07/01/29
|
395,000
|
419,778
|
|
Vanderbilt University Medical Center Obligated Group Refunding RB Series 2026B
|
5.00%
|
07/01/41 (b)
|
285,000
|
311,726
|
|
Metropolitan Government Nashville & Davidson County Industrial Development Board
|
||||
|
Waste Management, Inc. of Tennessee RB Series 2001
|
3.88%
|
08/01/31 (a)(b)
|
250,000
|
250,382
|
|
Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue
|
||||
|
RB Series 2021A
|
4.00%
|
07/01/46 (b)
|
250,000
|
243,240
|
|
Refunding RB Series 2025
|
5.25%
|
07/01/55 (b)
|
250,000
|
262,401
|
|
Metropolitan Nashville Airport Authority
|
||||
|
RB Series 2022B
|
5.25%
|
07/01/47 (b)
|
250,000
|
258,929
|
|
RB Series 2026A
|
5.00%
|
07/01/46 (b)
|
250,000
|
267,666
|
|
Tennessee Housing Development Agency
|
||||
|
RB Series 2023-3A
|
6.25%
|
01/01/54 (b)
|
210,000
|
226,135
|
|
|
|
|
|
2,996,886
|
|
TEXAS 13.3%
|
||||
|
Aldine Independent School District
|
||||
|
GO Bonds Series 2024
|
4.00%
|
02/15/54 (b)(e)
|
200,000
|
182,925
|
|
Arlington Higher Education Finance Corp.
|
||||
|
Harmony Public Schools RB Series 2024
|
4.00%
|
02/15/44 (b)
|
500,000
|
480,641
|
|
Board of Regents of the University of Texas System
|
||||
|
RB Series 2024B
|
4.00%
|
08/15/54 (b)
|
250,000
|
227,885
|
|
City of Austin
|
||||
|
Refunding GO Bonds Series 2025
|
5.00%
|
09/01/37 (b)
|
325,000
|
369,832
|
|
City of Austin Airport System Revenue
|
||||
|
RB Series 2026B
|
5.00%
|
11/15/46 (b)
|
250,000
|
260,505
|
|
RB Series 2026B
|
5.00%
|
11/15/56 (b)
|
250,000
|
253,481
|
|
City of Corpus Christi Utility System Revenue
|
||||
|
Refunding RB Series 2024
|
4.25%
|
07/15/54 (b)
|
400,000
|
364,731
|
|
City of Dallas
|
||||
|
Special Tax Series 2023
|
6.25%
|
08/15/53 (a)(b)
|
245,000
|
245,300
|
|
City of Houston
|
||||
|
GO Bonds Series 2024A
|
4.13%
|
03/01/51 (b)
|
250,000
|
229,910
|
|
City of Houston Airport System Revenue
|
||||
|
Refunding RB Series 2023A
|
5.00%
|
07/01/31
|
275,000
|
299,157
|
|
City of New Braunfels Utility System Revenue
|
||||
|
Refunding RB Series 2026
|
5.00%
|
07/01/37 (b)
|
250,000
|
286,297
|
|
City of San Antonio
|
||||
|
GO Bonds Series 2023
|
4.00%
|
02/01/43 (b)
|
250,000
|
249,299
|
|
City of San Antonio Electric & Gas Systems Revenue
|
||||
|
RB Series 2023B
|
4.00%
|
02/01/43 (b)
|
250,000
|
247,800
|
|
RB Series 2024C
|
5.00%
|
02/01/54 (b)
|
250,000
|
257,835
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
City of Terrell
|
||||
|
GO Bonds Series 2023C
|
4.50%
|
08/15/53 (b)
|
500,000
|
495,463
|
|
Clifton Higher Education Finance Corp.
|
||||
|
International Leadership of Texas, Inc. Refunding RB Series 2025A
|
5.00%
|
02/15/30 (e)
|
250,000
|
266,949
|
|
Community Independent School District
|
||||
|
Refunding GO Bonds Series 2024
|
5.00%
|
02/15/40 (b)(e)
|
170,000
|
187,109
|
|
Coppell Independent School District
|
||||
|
Refunding GO Bonds Series 2026
|
4.50%
|
08/15/56 (b)(d)(e)
|
500,000
|
492,295
|
|
County of Harris Toll Road Revenue
|
||||
|
RB Series 2024A
|
4.00%
|
08/15/49 (b)
|
400,000
|
366,180
|
|
Dallas Fort Worth International Airport
|
||||
|
RB Series 2025A-1
|
5.25%
|
11/01/37 (b)
|
500,000
|
555,466
|
|
Denton County Municipal Utility District No. 6
|
||||
|
GO Bonds Series 2021
|
2.50%
|
09/01/39 (b)
|
150,000
|
120,577
|
|
El Paso County Hospital District
|
||||
|
Refunding GO Bonds Series 2017
|
5.00%
|
08/15/33 (b)
|
165,000
|
167,142
|
|
Refunding GO Bonds Series 2017
|
5.00%
|
08/15/35 (b)
|
200,000
|
202,236
|
|
Gonzales Independent School District
|
||||
|
GO Bonds Series 2024
|
5.00%
|
08/01/44 (b)(e)
|
250,000
|
267,891
|
|
Harris County Hospital District
|
||||
|
GO Bonds Series 2025
|
5.25%
|
02/15/50 (b)
|
250,000
|
265,041
|
|
Refunding RB Series 2016
|
3.25%
|
02/15/42 (b)
|
195,000
|
171,278
|
|
Lower Neches Valley Authority Industrial Development Corp.
|
||||
|
Exxon Mobil Corp. Refunding RB Series 2001A
|
2.85%
|
11/01/29 (b)(e)(f)
|
150,000
|
150,000
|
|
Martin County Hospital District
|
||||
|
Refunding GO Bonds Series 2021
|
4.00%
|
04/01/36 (b)
|
280,000
|
281,380
|
|
Midland County Hospital District
|
||||
|
RB Series 2024A
|
4.00%
|
05/15/44 (b)
|
250,000
|
239,437
|
|
New Hope Cultural Education Facilities Finance Corp.
|
||||
|
Beta Foundation RB Series 2019
|
5.00%
|
08/15/49 (b)
|
500,000
|
460,663
|
|
Newark Higher Education Finance Corp.
|
||||
|
Hughen Center, Inc. RB Series 2024A
|
4.13%
|
08/15/49 (b)(e)
|
250,000
|
229,886
|
|
Orenda Education RB Series 2023A
|
4.25%
|
08/15/58 (b)(e)
|
200,000
|
178,899
|
|
North East Texas Regional Mobility Authority
|
||||
|
Refunding RB Series 2025B
|
5.25%
|
01/01/46 (b)
|
250,000
|
262,303
|
|
Permanent University Fund - Texas A&M University System
|
||||
|
Refunding RB Series 2025A
|
5.00%
|
07/01/52 (b)(e)
|
250,000
|
261,239
|
|
Prosper Independent School District
|
||||
|
GO Bonds Series 2023
|
4.00%
|
02/15/53 (b)(e)
|
250,000
|
227,552
|
|
GO Bonds Series 2024
|
4.25%
|
02/15/54 (b)(e)
|
250,000
|
237,658
|
|
San Antonio Independent School District
|
||||
|
GO Bonds Series 2026
|
4.50%
|
08/15/56 (b)(d)(e)
|
500,000
|
491,480
|
|
Tarrant County Cultural Education Facilities Finance Corp.
|
||||
|
Baylor Scott & White Health Obligated Group RB Series 2022D
|
5.00%
|
11/15/51 (b)
|
250,000
|
256,932
|
|
Texas Department of Housing & Community Affairs
|
||||
|
RB Series 2026A
|
2.70%
|
07/01/29
|
250,000
|
248,684
|
|
Texas Municipal Gas Acquisition & Supply Corp. III
|
||||
|
Refunding RB Series 2021
|
5.00%
|
12/15/28
|
275,000
|
286,332
|
|
Texas Municipal Gas Acquisition & Supply Corp. V
|
||||
|
RB Series 2026
|
5.00%
|
04/01/36 (b)
|
500,000
|
527,736
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Texas Municipal Gas Acquisition & Supply Corp. VI
|
||||
|
RB Series 2025
|
5.00%
|
01/01/36 (b)
|
250,000
|
267,173
|
|
Texas Private Activity Bond Surface Transportation Corp.
|
||||
|
NTE Mobility Partners LLC RB Series 2023
|
5.50%
|
12/31/58 (b)
|
165,000
|
170,727
|
|
Texas Water Development Board
|
||||
|
State Revolving Fund RB Series 2025
|
5.00%
|
10/15/44 (b)
|
250,000
|
272,323
|
|
State Revolving Fund RB Series 2025
|
4.75%
|
10/15/55 (b)
|
250,000
|
251,486
|
|
Texas Woman’s University
|
||||
|
Refunding RB Series 2026
|
5.00%
|
07/01/45 (b)
|
250,000
|
263,997
|
|
University of Houston
|
||||
|
RB Series 2024A
|
4.00%
|
02/15/49 (b)
|
250,000
|
228,176
|
|
|
|
|
|
13,307,288
|
|
UTAH 2.1%
|
||||
|
City of Salt Lake City Airport Revenue
|
||||
|
RB Series 2021A
|
5.00%
|
07/01/46 (b)
|
265,000
|
271,309
|
|
RB Series 2023A
|
5.00%
|
07/01/28
|
425,000
|
442,363
|
|
RB Series 2023A
|
5.25%
|
07/01/40 (b)
|
250,000
|
272,725
|
|
County of Utah
|
||||
|
Intermountain Healthcare Obligated Group RB Series 2020A
|
4.00%
|
05/15/43 (b)
|
250,000
|
242,056
|
|
Duchesne County School District
|
||||
|
RB Series 2025
|
5.00%
|
06/01/29
|
300,000
|
317,654
|
|
South Davis Sewer District
|
||||
|
RB Series 2025
|
5.00%
|
12/01/55 (b)
|
250,000
|
257,869
|
|
Utah Housing Corp.
|
||||
|
Daybreak I Holdings LP RB Series 2025
|
2.95%
|
04/01/46 (a)(b)
|
250,000
|
249,105
|
|
|
|
|
|
2,053,081
|
|
VIRGINIA 0.5%
|
||||
|
Fairfax County Industrial Development Authority
|
||||
|
Inova Health System Obligated Group RB Series 2024
|
4.13%
|
05/15/54 (b)
|
300,000
|
276,486
|
|
Virginia Housing Development Authority
|
||||
|
RB Series 2024F-3
|
5.05%
|
07/01/55 (b)
|
250,000
|
254,846
|
|
|
|
|
|
531,332
|
|
WASHINGTON 3.1%
|
||||
|
City of Pasco Water & Sewer Revenue
|
||||
|
Refunding RB Series 2023A
|
5.00%
|
12/01/43 (b)
|
250,000
|
268,335
|
|
King County Public Hospital District No. 2
|
||||
|
GO Bonds Series 2026
|
5.00%
|
12/01/29
|
250,000
|
267,501
|
|
Port of Seattle
|
||||
|
RB Series 2018A
|
5.00%
|
05/01/28 (b)
|
165,000
|
168,240
|
|
RB Series 2025B
|
5.00%
|
10/01/32
|
250,000
|
275,072
|
|
Port of Vancouver
|
||||
|
GO Bonds Series 2022A
|
5.00%
|
12/01/33 (b)
|
500,000
|
546,527
|
|
Skagit County Public Hospital District No. 1
|
||||
|
RB Series 2024
|
5.50%
|
12/01/42 (b)
|
300,000
|
320,148
|
|
State of Washington
|
||||
|
GO Bonds Series 2023B
|
5.00%
|
02/01/47 (b)
|
250,000
|
262,042
|
|
GO Bonds Series 2024C
|
5.00%
|
02/01/34
|
445,000
|
509,229
|
|
ISSUER
TYPE OF SECURITY, SERIES
|
RATE
|
MATURITY
|
FACE
AMOUNT ($)
|
VALUE ($)
|
|
Washington Health Care Facilities Authority
|
||||
|
CommonSpirit Health Obligated Group Refunding RB Series 2025A
|
5.50%
|
09/01/55 (b)
|
500,000
|
527,235
|
|
|
|
|
|
3,144,329
|
|
WEST VIRGINIA 0.3%
|
||||
|
West Virginia Hospital Finance Authority
|
||||
|
Vandalia Health, Inc. Obligated Group RB Series 2023B
|
6.00%
|
09/01/53 (b)
|
250,000
|
266,478
|
|
WISCONSIN 1.4%
|
||||
|
State of Wisconsin
|
||||
|
GO Bonds Series 2025-3
|
5.00%
|
05/01/37 (b)
|
325,000
|
370,996
|
|
Wisconsin Center District
|
||||
|
RB Series 2020C
|
3.85%
|
12/15/38 (b)(c)
|
395,000
|
233,545
|
|
Wisconsin Health & Educational Facilities Authority
|
||||
|
Ascension Health Credit Group Refunding RB Series 2016A
|
4.00%
|
11/15/46 (b)
|
125,000
|
114,782
|
|
Hudson Senior Housing, Inc. RB Series 2014
|
5.25%
|
12/01/49 (b)
|
500,000
|
452,953
|
|
Wisconsin Housing & Economic Development Authority Home Ownership Revenue
|
||||
|
RB Series 2026A
|
4.50%
|
03/01/44 (b)
|
250,000
|
249,375
|
|
|
|
|
|
1,421,651
|
|
Total Municipal Securities
(Cost $101,446,532)
|
102,032,361
|
|||
|
Total Investments in Securities
(Cost $101,446,532)
|
102,032,361
|
|||
|
(a)
|
Bond currently pays a fixed coupon rate and will be remarketed at a to be determined
rate at the end of the current fixed rate term.
|
|
(b)
|
The effective maturity may be shorter than the final maturity shown because the security
is subject to a put, demand or call feature.
|
|
(c)
|
Zero coupon bond. When a security is purchased with a zero coupon rate the effective
yield at the time of purchase is shown.
|
|
(d)
|
Security or a portion of the security purchased on a delayed-delivery or when-issued
basis.
|
|
(e)
|
Credit-enhanced or liquidity-enhanced.
|
|
(f)
|
VRDN is a municipal security which allows holders to sell their security through a
put or tender feature, at par value plus accrued interest. The interest rate resets
on a
periodic basis, the majority of which are weekly but may be daily or monthly. Unless
a reference rate and spread is shown parenthetically, the Remarketing Agent, generally
a dealer, determines the interest rate for the security at each interest rate reset
date. The rate is typically based on the SIFMA Municipal Swap Index.
|
|
CDFI —
|
Community Development Financial Institution
|
|
COP —
|
Certificate of participation
|
|
GO —
|
General obligation
|
|
RB —
|
Revenue bond
|
|
SIFMA —
|
Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index
is a market index comprised of high-grade 7-day tax-exempt Variable Rate
Demand Obligations with certain characteristics.
|
|
VRDN —
|
Variable rate demand note
|
|
DESCRIPTION
|
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
|
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
|
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
|
TOTAL
|
|
Assets
|
|
|
|
|
|
Municipal Securities1
|
$—
|
$102,032,361
|
$—
|
$102,032,361
|
|
Total
|
$—
|
$102,032,361
|
$—
|
$102,032,361
|
|
1
|
As categorized in the Portfolio Holdings.
|