|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Municipal Obligations–144.75%(a)
|
|||||
|
New York–141.23%
|
|
|
|||
|
Albany Capital Resource Corp. (College of Siant Rose (The)); Series 2021, Ref. RB
(Acquired
10/28/2021; Cost $358,500)(b)(c)
|
4.00%
|
07/01/2051
|
|
$341
|
$6,823
|
|
Albany Capital Resource Corp. (KIPP Capital Region Public Charter Schools); Series
2024, RB
|
5.00%
|
06/01/2064
|
|
150
|
142,330
|
|
Amherst Development Corp. (Daemen College); Series 2018, Ref. RB
|
5.00%
|
10/01/2048
|
|
980
|
904,417
|
|
Battery Park (City of), NY Authority (Green Bonds); Series 2025, Ref. RB
|
5.25%
|
11/01/2055
|
|
500
|
534,437
|
|
Brookhaven Local Development Corp. (Jefferson’s Ferry); Series 2016, Ref. RB
|
5.25%
|
11/01/2036
|
|
1,010
|
1,015,914
|
|
Brooklyn Arena Local Development Corp. (Barclays Center); Series 2009, RB(d)
|
0.00%
|
07/15/2034
|
|
5,000
|
3,655,057
|
|
Buffalo & Erie County Industrial Land Development Corp. (Tapestry Charter School);
|
|
|
|
|
|
|
Series 2017 A, RB
|
5.00%
|
08/01/2037
|
|
375
|
377,268
|
|
Series 2017 A, RB
|
5.00%
|
08/01/2047
|
|
1,000
|
992,993
|
|
Build NYC Resource Corp. (261 walton Facility LLC - Zeta Charter Schools, Inc.);
|
|
|
|
|
|
|
Series 2026, RB(e)
|
5.25%
|
06/01/2046
|
|
100
|
100,056
|
|
Series 2026, RB(e)
|
5.50%
|
06/01/2056
|
|
150
|
147,092
|
|
Build NYC Resource Corp. (Bay Ridge Preperatory School); Series 2024, RB(e)
|
5.00%
|
09/01/2044
|
|
100
|
98,997
|
|
Build NYC Resource Corp. (Civic Bronx LLC - Bold Charter School);
|
|
|
|
|
|
|
Series 2025, RB(e)
|
5.63%
|
07/01/2045
|
|
90
|
91,034
|
|
Series 2025, RB(e)
|
6.00%
|
07/01/2060
|
|
100
|
100,831
|
|
Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds);
|
|
|
|
|
|
|
Series 2022, RB(e)
|
5.75%
|
06/01/2052
|
|
100
|
98,201
|
|
Series 2022, RB(e)
|
5.75%
|
06/01/2062
|
|
250
|
241,014
|
|
Build NYC Resource Corp. (ERE425, LLC - Zeta Charter Schools, Inc.); Series 2025,
RB(e)
|
5.25%
|
10/15/2050
|
|
500
|
484,160
|
|
Build NYC Resource Corp. (Grand Concourse Academy Charter School); Series 2022 A,
RB
|
5.00%
|
07/01/2056
|
|
100
|
94,297
|
|
Build NYC Resource Corp. (KIPP NYC Public School) (Social Bonds);
|
|
|
|
|
|
|
Series 2023, RB
|
5.25%
|
07/01/2052
|
|
575
|
581,716
|
|
Series 2023, RB
|
5.25%
|
07/01/2062
|
|
1,500
|
1,509,652
|
|
Build NYC Resource Corp. (South Bronx Classical Charter);
|
|
|
|
|
|
|
Series 2026, RB
|
5.00%
|
06/15/2046
|
|
25
|
25,213
|
|
Series 2026, RB
|
5.25%
|
06/15/2051
|
|
50
|
50,426
|
|
Series 2026, RB
|
5.25%
|
06/15/2056
|
|
50
|
50,114
|
|
Build NYC Resource Corp. (Success Academy Charter Schools); Series 2024, RB
|
4.00%
|
09/01/2044
|
|
150
|
142,063
|
|
Build NYC Resource Corp. (The Children’s Aid Society ); Series 2019, RB
|
4.00%
|
07/01/2044
|
|
555
|
520,514
|
|
Build NYC Resource Corp. (The Children’s Aid Society); Series 2015, RB
|
5.00%
|
07/01/2045
|
|
2,840
|
2,840,939
|
|
Build NYC Resource Corp. (The Renaissance Charter School 2); Series 2025, RB
|
5.50%
|
06/15/2055
|
|
250
|
245,339
|
|
Build NYC Resource Corp. (Trips Obligated Group);
|
|
|
|
|
|
|
Series 2025, RB(f)
|
5.50%
|
07/01/2050
|
|
485
|
503,833
|
|
Series 2025, RB(f)
|
5.50%
|
07/01/2055
|
|
250
|
257,548
|
|
Build NYC Resource Corp. (Urban Resource Insititute ); Series 2025, RB
|
5.50%
|
12/01/2051
|
|
50
|
52,834
|
|
Build NYC Resource Corp. (Urban Resource Insititute); Series 2025, RB
|
5.38%
|
12/01/2046
|
|
25
|
27,086
|
|
Build NYC Resource Corp. (Whin Music Community Charter School); Series 2022, RB(e)
|
6.50%
|
07/01/2057
|
|
1,000
|
990,094
|
|
Dutchess County Local Development Corp. (Health Quest Systems, Inc.); Series 2016
B, RB
|
5.00%
|
07/01/2046
|
|
375
|
374,983
|
|
Genesee County Funding Corp. (The) (Rochester Regional Health Obligated Group);
|
|
|
|
|
|
|
Series 2022 A, Ref. RB
|
5.25%
|
12/01/2052
|
|
1,250
|
1,265,508
|
|
Series 2025, RB
|
5.50%
|
12/01/2055
|
|
500
|
520,248
|
|
Geneva Development Corp. (Hobart And William Smith Colleges); Series 2026, Ref. RB
|
5.00%
|
02/01/2056
|
|
260
|
260,775
|
|
Hempstead Town Local Development Corp.; Series 2022, RB
|
5.25%
|
06/15/2052
|
|
1,000
|
960,971
|
|
Long Island (City of), NY Power Authority; Series 2025 A, Ref. RB
|
5.25%
|
09/01/2050
|
|
2,210
|
2,364,810
|
|
Metropolitan Transportation Authority; Series 2016 C-1, RB
|
5.25%
|
11/15/2056
|
|
150
|
150,149
|
|
Metropolitan Transportation Authority (Green Bonds);
|
|
|
|
|
|
|
Series 2017 B-1, RB
|
5.25%
|
11/15/2057
|
|
3,000
|
3,028,568
|
|
Series 2017 C-2, Ref. RB(d)
|
0.00%
|
11/15/2040
|
|
5,000
|
2,724,183
|
|
Series 2020 C-1, RB
|
5.00%
|
11/15/2050
|
|
950
|
959,710
|
|
Series 2020 C-1, RB
|
5.25%
|
11/15/2055
|
|
750
|
763,083
|
|
Series 2024, Ref. RB
|
5.00%
|
11/15/2050
|
|
2,000
|
2,077,758
|
|
Monroe County Industrial Development Corp. (Eugenio Maria De Hostos Charter School);
Series 2024,
RB(e)
|
5.00%
|
07/01/2044
|
|
320
|
314,186
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
New York–(continued)
|
|||||
|
Monroe County Industrial Development Corp. (Highland Hospital of Rochester); Series
2017, RB
|
5.00%
|
12/01/2046
|
|
$100
|
$100,005
|
|
Monroe County Industrial Development Corp. (Social Bonds); Series 2022, RB(e)
|
6.00%
|
07/01/2057
|
|
115
|
115,024
|
|
Monroe County Industrial Development Corp. (St. Ann’s Community); Series 2019, Ref. RB
|
5.00%
|
01/01/2050
|
|
850
|
767,633
|
|
Monroe County Industrial Development Corp. (St. John Fisher College);
|
|
|
|
|
|
|
Series 2024, Ref. RB
|
5.25%
|
06/01/2049
|
|
35
|
36,745
|
|
Series 2024, Ref. RB
|
5.25%
|
06/01/2054
|
|
100
|
103,649
|
|
Monroe County Industrial Development Corp. (University of Rochester); Series 2020,
RB(e)
|
5.00%
|
06/01/2050
|
|
100
|
98,040
|
|
MTA Hudson Rail Yards Trust Obligations;
|
|
|
|
|
|
|
Series 2016 A, RB
|
5.00%
|
11/15/2051
|
|
3,110
|
3,110,063
|
|
Series 2016 A, RB
|
5.00%
|
11/15/2056
|
|
4,500
|
4,499,966
|
|
Nassau (County of), NY Industrial Development Agency; Series 2021, RB(d)(g)
|
0.00%
|
01/01/2058
|
|
1,220
|
0
|
|
Nassau County Tobacco Settlement Corp.; Series 2006 A-3, RB
|
5.00%
|
06/01/2035
|
|
1,250
|
813,664
|
|
New York & New Jersey (States of) Port Authority; Two Hundred Thirty-First Series
2022, Ref. RB(f)
|
5.50%
|
08/01/2047
|
|
8,000
|
8,540,550
|
|
New York (City of), NY;
|
|
|
|
|
|
|
Series 2024 D, GO Bonds
|
5.25%
|
04/01/2047
|
|
500
|
530,249
|
|
Series 2025 A-1, GO Bonds
|
5.25%
|
08/01/2053
|
|
1,000
|
1,051,228
|
|
Series 2025, GO Bonds(h)
|
5.25%
|
10/01/2055
|
|
2,000
|
2,113,126
|
|
Series 2026 G, GO Bonds
|
5.25%
|
02/01/2053
|
|
1,000
|
1,053,318
|
|
Subseries 2022 D-1, GO Bonds(h)
|
5.25%
|
05/01/2043
|
|
1,700
|
1,819,459
|
|
Subseries 2023 E-1, GO Bonds
|
4.00%
|
04/01/2050
|
|
5,000
|
4,600,092
|
|
Subseries 2025 G-1, GO Bonds
|
5.25%
|
02/01/2053
|
|
250
|
262,272
|
|
New York (City of), NY Municipal Water Finance Authority;
|
|
|
|
|
|
|
Subseries 2023 AA-1, RB
|
5.25%
|
06/15/2052
|
|
2,020
|
2,124,278
|
|
Series 2010, VRD RB(i)
|
2.10%
|
06/15/2043
|
|
550
|
550,000
|
|
Series 2021 CC-1, RB
|
4.00%
|
06/15/2051
|
|
6,000
|
5,474,360
|
|
Series 2022 CC-1, RB
|
4.00%
|
06/15/2052
|
|
3,000
|
2,712,616
|
|
Series 2024 AA, RB
|
4.00%
|
06/15/2054
|
|
250
|
226,631
|
|
Series 2026, RB
|
5.50%
|
06/15/2056
|
|
500
|
541,928
|
|
Series 2026, Ref. VRD RB(i)
|
2.10%
|
06/15/2041
|
|
1,000
|
1,000,000
|
|
Subseries 2025 AA-1, RB
|
5.25%
|
06/15/2055
|
|
500
|
528,804
|
|
New York (City of), NY Transitional Finance Authority;
|
|
|
|
|
|
|
Series 2018 C-3, RB
|
4.00%
|
05/01/2045
|
|
2,565
|
2,452,858
|
|
Series 2019 B-1, RB
|
4.00%
|
11/01/2042
|
|
2,500
|
2,441,904
|
|
Series 2025 A, RB
|
5.00%
|
05/01/2054
|
|
500
|
515,610
|
|
Series 2025 E, RB
|
4.13%
|
11/01/2053
|
|
2,000
|
1,837,731
|
|
Series 2025 H, RB
|
4.50%
|
11/01/2052
|
|
1,000
|
976,502
|
|
Series 2026, RB
|
5.50%
|
11/01/2054
|
|
250
|
269,960
|
|
New York (State of) Dormitory Authority;
|
|
|
|
|
|
|
Series 2015, Ref. RB
|
5.00%
|
07/01/2043
|
|
535
|
535,360
|
|
Series 2020 A, Ref. RB
|
4.00%
|
03/15/2048
|
|
2,000
|
1,841,640
|
|
Series 2022 A, Ref. RB
|
4.00%
|
03/15/2049
|
|
6,500
|
5,985,372
|
|
Series 2022 A, Ref. RB
|
5.00%
|
05/01/2052
|
|
200
|
203,461
|
|
Series 2024 A, RB
|
5.50%
|
05/01/2049
|
|
40
|
41,742
|
|
Series 2024 A, Ref. RB
|
4.00%
|
03/15/2054
|
|
2,105
|
1,902,580
|
|
Series 2024 B, Ref. RB
|
4.00%
|
03/15/2054
|
|
500
|
449,031
|
|
Series 2025 A, Ref. RB
|
5.00%
|
03/15/2053
|
|
800
|
828,460
|
|
Series 2025 C, Ref. RB
|
5.00%
|
03/15/2055
|
|
1,000
|
1,035,228
|
|
Series 2025, RB
|
5.13%
|
11/15/2050
|
|
200
|
202,314
|
|
Series 2025, RB
|
5.13%
|
11/15/2055
|
|
150
|
150,644
|
|
Series 2026 A, Ref. RB
|
5.25%
|
03/15/2056
|
|
1,000
|
1,058,408
|
|
New York (State of) Dormitory Authority (Barnard College); Series 2025 A, Ref. RB
|
5.00%
|
07/01/2055
|
|
100
|
102,034
|
|
New York (State of) Dormitory Authority (Fashion Institute of Technology Student Housing
Corp.);
Series 2007, RB (INS - NATL)(j)
|
5.25%
|
07/01/2028
|
|
1,500
|
1,529,187
|
|
New York (State of) Dormitory Authority (Icahn School of Medicine at Mount Sinai);
Series 2015, Ref.
RB
|
5.00%
|
07/01/2045
|
|
2,835
|
2,835,219
|
|
New York (State of) Dormitory Authority (IONA University); Series 2025, Ref. RB (INS
- AGI)(j)
|
5.00%
|
07/01/2051
|
|
50
|
51,286
|
|
New York (State of) Dormitory Authority (Montefiore Obligated Group); Series 2024,
RB
|
5.50%
|
11/01/2044
|
|
200
|
213,368
|
|
New York (State of) Dormitory Authority (New School (The)); Series 2022 A, Ref. RB
|
4.00%
|
07/01/2047
|
|
235
|
211,246
|
|
New York (State of) Dormitory Authority (New York University); Series 2025 A, Ref.
RB
|
5.25%
|
07/01/2055
|
|
500
|
536,156
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
New York–(continued)
|
|||||
|
New York (State of) Dormitory Authority (Northwell Health Obligated Group); Series
2024, Ref. RB
|
5.25%
|
05/01/2054
|
|
$2,875
|
$2,967,389
|
|
New York (State of) Dormitory Authority (Rochester Institute of Technology);
|
|
|
|
|
|
|
Series 2019 A, RB
|
4.00%
|
07/01/2044
|
|
1,985
|
1,885,998
|
|
Series 2019 A, RB
|
5.00%
|
07/01/2049
|
|
1,785
|
1,805,007
|
|
New York (State of) Dormitory Authority (Rosewell Park Cancer Insititute); Series
2025, RB (INS - AGI)(j)
|
5.25%
|
07/01/2045
|
|
125
|
136,104
|
|
New York (State of) Dormitory Authority (White Plains Hospital Obligated Group);
|
|
|
|
|
|
|
Series 2024, RB
|
5.25%
|
10/01/2049
|
|
1,395
|
1,437,531
|
|
Series 2024, RB (INS - AGI)(j)
|
5.50%
|
10/01/2054
|
|
500
|
530,204
|
|
New York (State of) Dormitory Authority (Yeshiva University); Series 2022 A, Ref.
RB
|
5.00%
|
07/15/2050
|
|
1,000
|
978,941
|
|
New York (State of) Housing Finance Agency; Series 2025 B-1, RB
|
5.25%
|
11/01/2065
|
|
250
|
254,075
|
|
New York (State of) Housing Finance Agency (Green Bonds); Series 2024 A-1, RB
|
5.00%
|
06/15/2054
|
|
300
|
306,272
|
|
New York (State of) Mortgage Agency (Social Bonds); Series 2023 252, RB
|
4.45%
|
10/01/2043
|
|
75
|
75,786
|
|
New York (State of) Power Authority (Green Bonds);
|
|
|
|
|
|
|
Series 2020 A, Ref. RB
|
4.00%
|
11/15/2060
|
|
1,625
|
1,464,882
|
|
Series 2024 A, RB
|
4.00%
|
11/15/2054
|
|
250
|
227,232
|
|
New York (State of) Power Authority (Green Transmission) (Green Bonds); Series 2023,
RB (INS - AGI)(j)
|
5.13%
|
11/15/2063
|
|
1,000
|
1,038,895
|
|
New York (State of) Thruway Authority;
|
|
|
|
|
|
|
Series 2019 B, RB
|
4.00%
|
01/01/2050
|
|
1,815
|
1,643,518
|
|
Series 2025 A, RB
|
5.00%
|
03/15/2049
|
|
500
|
523,777
|
|
Series 2025 A, RB
|
5.00%
|
03/15/2051
|
|
1,850
|
1,926,734
|
|
New York City Housing Development Corp. (Green Bonds);
|
|
|
|
|
|
|
Series 2023, RB
|
4.60%
|
08/01/2048
|
|
555
|
556,664
|
|
Series 2023, RB
|
4.80%
|
02/01/2053
|
|
1,620
|
1,624,839
|
|
Series 2024 C-1, RB
|
4.50%
|
08/01/2054
|
|
500
|
486,122
|
|
Series 2025 C, RB (CEP - FHLMC)
|
4.95%
|
02/01/2055
|
|
200
|
200,908
|
|
Series 2025, RB
|
5.00%
|
08/01/2055
|
|
125
|
126,202
|
|
Series 2026, RB
|
5.00%
|
11/01/2055
|
|
1,000
|
1,010,343
|
|
New York Convention Center Development Corp. (Hotel Unit Fee Secured);
|
|
|
|
|
|
|
Series 2015, Ref. RB
|
5.00%
|
11/15/2040
|
|
1,500
|
1,500,951
|
|
Series 2016 B, RB(d)
|
0.00%
|
11/15/2044
|
|
1,730
|
734,631
|
|
Series 2016, RB(d)
|
0.00%
|
11/15/2056
|
|
4,000
|
838,982
|
|
New York Counties Tobacco Trust IV; Series 2010 A, RB(e)
|
6.25%
|
06/01/2041
|
|
855
|
844,040
|
|
New York Counties Tobacco Trust V;
|
|
|
|
|
|
|
Series 2005 S-1, RB(d)
|
0.00%
|
06/01/2038
|
|
7,000
|
3,283,071
|
|
Series 2005 S-2, RB(d)
|
0.00%
|
06/01/2050
|
|
14,850
|
2,308,407
|
|
New York Liberty Development Corp. (3 World Trade Center); Series 2014-1, Ref. RB(e)
|
5.00%
|
11/15/2044
|
|
2,500
|
2,502,031
|
|
New York Liberty Development Corp. (Goldman Sachs Headquarters); Series 2007, RB
|
5.50%
|
10/01/2037
|
|
1,000
|
1,169,666
|
|
New York Liberty Development Corp. (Green Bonds);
|
|
|
|
|
|
|
Series 2021 A, Ref. RB
|
2.75%
|
11/15/2041
|
|
500
|
399,193
|
|
Series 2021 A, Ref. RB
|
2.88%
|
11/15/2046
|
|
3,325
|
2,481,379
|
|
New York State Environmental Facilities Corp. (New York City Municipal Water Finance
Authority
Projects - 2nd Resolution Bonds); Series 2017 E, RB
|
5.00%
|
06/15/2042
|
|
575
|
585,005
|
|
New York State Urban Development Corp. (Bidding Group 3);
|
|
|
|
|
|
|
Series 2021, Ref. RB
|
4.00%
|
03/15/2046
|
|
1,320
|
1,260,780
|
|
Series 2021, Ref. RB(h)
|
4.00%
|
03/15/2046
|
|
9,000
|
8,596,229
|
|
New York State Urban Development Corp. (Bidding Group 4); Series 2020 E, Ref. RB
|
4.00%
|
03/15/2046
|
|
2,500
|
2,382,373
|
|
New York Transportation Development Corp. (John F. Kennedy International Airport New
Terminal One)
(Green Bonds);
|
|
|
|
|
|
|
Series 2023, RB (INS - AGI)(f)(j)
|
5.13%
|
06/30/2060
|
|
500
|
502,872
|
|
Series 2023, RB(f)
|
5.38%
|
06/30/2060
|
|
1,500
|
1,507,225
|
|
Series 2024, RB (INS - BAM)(f)(j)
|
5.00%
|
06/30/2060
|
|
2,300
|
2,312,893
|
|
Series 2024, RB(f)
|
5.50%
|
06/30/2060
|
|
700
|
709,187
|
|
New York Transportation Development Corp. (John F. Kennedy International Airport)
(Green Bonds);
|
|
|
|
|
|
|
Series 2024, RB (INS - BAM)(f)(j)
|
5.25%
|
06/30/2049
|
|
735
|
754,592
|
|
Series 2025, RB (INS - AGI)(f)(j)
|
6.00%
|
06/30/2060
|
|
500
|
534,777
|
|
New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment);
|
|
|
|
|
|
|
Series 2016 A, RB(f)
|
5.00%
|
07/01/2041
|
|
2,500
|
2,500,856
|
|
Series 2016 A, RB(f)
|
5.00%
|
07/01/2046
|
|
1,000
|
999,995
|
|
Series 2016 A, RB(f)(h)(k)
|
5.00%
|
07/01/2046
|
|
7,000
|
6,999,963
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
New York–(continued)
|
|||||
|
New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green
Bonds);
Series 2024, Ref. RB (INS - AGI)(f)(j)
|
5.25%
|
12/31/2054
|
|
$650
|
$666,785
|
|
Niagara Area Development Corp. (Catholic Health System, Inc.); Series 2022, RB
|
5.00%
|
07/01/2052
|
|
250
|
226,608
|
|
Niagara Tobacco Asset Securitization Corp.; Series 2014, Ref. RB
|
5.25%
|
05/15/2040
|
|
1,725
|
1,691,538
|
|
Oneida County Local Development Corp. (Mohawk Valley Health System); Series 2019,
Ref. RB (INS -
AGI)(j)
|
4.00%
|
12/01/2049
|
|
2,000
|
1,799,272
|
|
Oneida County Local Development Corp. (Utica College); Series 2019, Ref. RB
|
4.00%
|
07/01/2039
|
|
150
|
128,518
|
|
Oneida Indian Nation; Series 2024 B, RB(e)
|
6.00%
|
09/01/2043
|
|
150
|
162,577
|
|
Onondaga (County of), NY Trust for Cultural Resources (Syracuse University); Series
2019, Ref. RB
|
4.00%
|
12/01/2047
|
|
2,935
|
2,796,400
|
|
Onondaga Civic Development Corp.;
|
|
|
|
|
|
|
Series 2025, RB
|
4.50%
|
12/01/2050
|
|
710
|
709,838
|
|
Series 2025, RB
|
5.50%
|
12/01/2056
|
|
245
|
265,331
|
|
Rockland (County of), NY Solid Waste Management Authority (Animal Shelter); Series
2024 A, RB
|
6.25%
|
12/15/2054
|
|
35
|
39,177
|
|
Rockland Tobacco Asset Securitization Corp.;
|
|
|
|
|
|
|
Series 2001, RB
|
5.75%
|
08/15/2043
|
|
1,320
|
1,336,008
|
|
Series 2005 A, RB(d)(e)
|
0.00%
|
08/15/2045
|
|
7,755
|
2,257,490
|
|
Series 2005 C, RB(d)(e)
|
0.00%
|
08/15/2060
|
|
96,000
|
7,152,355
|
|
Saratoga County Capital Resource Corp. (WSWHE Boces Project); Series 2025, RB
|
5.00%
|
07/01/2047
|
|
100
|
105,367
|
|
Suffolk County Economic Development Corp. (Catholic Health Services); Series 2014
C, RB
|
5.00%
|
07/01/2032
|
|
1,085
|
1,086,204
|
|
Suffolk Regional Off-Track Betting Corp.; Series 2024, RB
|
6.00%
|
12/01/2053
|
|
500
|
511,364
|
|
Suffolk Tobacco Asset Securitization Corp.; Series 2021, Ref. RB
|
4.00%
|
06/01/2050
|
|
790
|
707,465
|
|
Tender Option Bond Trust Receipts/Certificates; Series 2025, VRD RB(e)(i)
|
1.60%
|
03/15/2056
|
|
500
|
500,000
|
|
Tompkins County Development Corp. (Tompkins Cortland Community College Foundation,
Inc.);
|
|
|
|
|
|
|
Series 2013 A, RB(b)
|
5.00%
|
07/01/2027
|
|
1,000
|
200,000
|
|
Series 2013 A, RB(b)
|
5.00%
|
07/01/2032
|
|
750
|
150,000
|
|
Series 2013 A, RB(b)
|
5.00%
|
07/01/2038
|
|
2,000
|
400,000
|
|
Triborough Bridge & Tunnel Authority; Subseries 2021 B-1, Ref. RB
|
4.00%
|
05/15/2056
|
|
1,000
|
891,050
|
|
Triborough Bridge & Tunnel Authority (MTA Brdiges & Tunnels); Series 2023 A, RB(h)
|
4.25%
|
05/15/2058
|
|
10,000
|
9,473,450
|
|
Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels);
|
|
|
|
|
|
|
Series 2020 A, RB
|
5.00%
|
11/15/2054
|
|
2,120
|
2,158,601
|
|
Series 2022 C, RB
|
5.00%
|
05/15/2047
|
|
175
|
182,813
|
|
Series 2022, RB(h)
|
5.25%
|
05/15/2062
|
|
8,000
|
8,271,777
|
|
Series 2026 A, RB
|
5.25%
|
11/15/2054
|
|
500
|
530,243
|
|
Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund); Series 2025, RB
|
5.25%
|
12/01/2054
|
|
500
|
529,250
|
|
TSASC, Inc.; Series 2016 B, Ref. RB
|
5.00%
|
06/01/2045
|
|
2,070
|
1,984,242
|
|
Westchester (County of), NY Industrial Development Agency (Crescent Manor Ossining);
Series 2025
A-1, RB(e)
|
6.20%
|
12/01/2042
|
|
200
|
202,833
|
|
Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General
Aviation
Facilities); Series 2017 A, RB(e)(f)
|
7.00%
|
06/01/2046
|
|
1,030
|
1,062,724
|
|
Westchester County Local Development Corp.;
|
|
|
|
|
|
|
Series 2025, RB
|
7.25%
|
11/01/2045
|
|
440
|
494,633
|
|
Series 2026, RB(e)
|
6.38%
|
12/01/2055
|
|
100
|
103,656
|
|
Westchester County Local Development Corp. (Betheal Methodist); Series 2020 A, Ref.
RB
|
5.00%
|
07/01/2040
|
|
150
|
141,782
|
|
Westchester County Local Development Corp. (Kendal on Hudson); Series 2022, Ref. RB
|
4.25%
|
01/01/2045
|
|
420
|
409,324
|
|
Westchester County Local Development Corp. (Purchase Senior Learning Community, Inc.);
|
|
|
|
|
|
|
Series 2021, Ref. RB(e)
|
5.00%
|
07/01/2046
|
|
350
|
340,043
|
|
Series 2021, Ref. RB(e)
|
4.50%
|
07/01/2056
|
|
600
|
501,103
|
|
Series 2021, Ref. RB(e)
|
5.00%
|
07/01/2056
|
|
400
|
362,859
|
|
Westchester County Local Development Corp. (Westchester Medical Center Obligated Group);
|
|
|
|
|
|
|
Series 2023, RB (INS - AGI)(j)
|
5.75%
|
11/01/2048
|
|
150
|
161,811
|
|
Series 2023, RB (INS - AGI)(j)
|
5.75%
|
11/01/2053
|
|
1,250
|
1,333,180
|
|
Westchester Tobacco Asset Securitization Corp.; Series 2016 C, Ref. RB
|
5.13%
|
06/01/2051
|
|
2,500
|
2,181,346
|
|
Western Regional Off-Track Betting Corp.; Series 2021, Ref. RB(e)
|
4.13%
|
12/01/2041
|
|
175
|
168,893
|
|
|
|
|
|
|
224,922,656
|
|
Puerto Rico–3.35%
|
|
|
|||
|
Children’s Trust Fund;
|
|
|
|
|
|
|
Series 2002, RB
|
5.50%
|
05/15/2039
|
|
395
|
400,994
|
|
Series 2002, RB
|
5.63%
|
05/15/2043
|
|
145
|
147,031
|
|
Series 2005 A, RB(d)
|
0.00%
|
05/15/2050
|
|
3,000
|
625,927
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Puerto Rico–(continued)
|
|||||
|
Puerto Rico (Commonwealth of); Series 2021 A-1, GO Bonds
|
4.00%
|
07/01/2046
|
|
$1,849
|
$1,639,913
|
|
Puerto Rico Sales Tax Financing Corp.; Series 2018 A-1, RB(d)
|
0.00%
|
07/01/2046
|
|
6,884
|
2,512,772
|
|
|
|
|
|
|
5,326,637
|
|
Guam–0.17%
|
|
|
|||
|
Guam (Territory of) Waterworks Authority; Series 2025 A, RB
|
5.50%
|
07/01/2045
|
|
250
|
268,657
|
|
TOTAL INVESTMENTS IN SECURITIES(l)–144.75% (Cost $233,580,550)
|
|
230,517,950
|
|||
|
FLOATING RATE NOTE OBLIGATIONS–(16.08)%
|
|
|
|||
|
Notes with interest and fee rates ranging from 2.12% to 2.87% at 05/31/2026 and
contractual maturities of collateral ranging from 05/01/2043 to 05/16/2062(m)
|
|
|
|
|
(25,610,000
)
|
|
VARIABLE RATE MUNI TERM PREFERRED SHARES–(29.11)%
|
|
(46,356,447
)
|
|||
|
OTHER ASSETS LESS LIABILITIES–0.44%
|
|
704,295
|
|||
|
NET ASSETS APPLICABLE TO COMMON SHARES–100.00%
|
|
$159,255,798
|
|||
|
AGI
|
– Assured Guaranty, Inc.
|
|
BAM
|
– Build America Mutual Assurance Co.
|
|
CEP
|
– Credit Enhancement Provider
|
|
FHLMC
|
– Federal Home Loan Mortgage Corp.
|
|
GO
|
– General Obligation
|
|
INS
|
– Insurer
|
|
NATL
|
– National Public Finance Guarantee Corp.
|
|
RB
|
– Revenue Bonds
|
|
Ref.
|
– Refunding
|
|
VRD
|
– Variable Rate Demand
|
|
(a)
|
Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage.
|
|
(b)
|
Defaulted security. Currently, the issuer is in default with respect to principal
and/or interest payments. The aggregate value of these securities at May 31, 2026
was $756,823, which represented less than 1% of the Trust’s Net Assets.
|
|
(c)
|
Restricted security. The value of this security at May 31, 2026 represented less than 1% of the Trust’s Net Assets.
|
|
(d)
|
Zero coupon bond issued at a discount.
|
|
(e)
|
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to
qualified institutional buyers. The aggregate value of these securities at
May 31, 2026 was $19,039,333, which represented 11.96% of the Trust’s Net Assets.
|
|
(f)
|
Security subject to the alternative minimum tax.
|
|
(g)
|
Security valued using significant unobservable inputs (Level 3). See Note 1.
|
|
(h)
|
Underlying security related to TOB Trusts entered into by the Trust.
|
|
(i)
|
Demand security payable upon demand by the Trust at specified time intervals no greater
than thirteen months. Interest rate is redetermined periodically by the
issuer or agent based on current market conditions. Rate shown is the rate in effect
on May 31, 2026.
|
|
(j)
|
Principal and/or interest payments are secured by the bond insurance company listed.
|
|
(k)
|
Security is subject to a reimbursement agreement which may require the Trust to pay
amounts to a counterparty in the event of a significant decline in the market
value of the security underlying the TOB Trusts. In case of a shortfall, the maximum
potential amount of payments the Trust could ultimately be required to make
under the agreement is $4,660,000. However, such shortfall payment would be reduced
by the proceeds from the sale of the security underlying the TOB Trusts.
|
|
(l)
|
Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer’s
obligations but may be called upon to satisfy the issuer’s obligations. No concentration of any single entity was greater than 5% each.
|
|
(m)
|
Floating rate note obligations related to securities held. The interest and fee rates
shown reflect the rates in effect at May 31, 2026. At May 31, 2026, the
Trust’s investments with a value of $37,274,004 are held by TOB Trusts and serve as collateral for the $25,610,000 in the floating rate note obligations
outstanding at that date.
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Municipal Obligations
|
$—
|
$230,517,950
|
$0
|
$230,517,950
|