|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Municipal Obligations–154.03%(a)
|
|||||
|
Pennsylvania–142.38%
|
|
|
|||
|
Adams (County of), PA General Authority (Brethren Home Community (The)); Series 2024,
Ref. RB
|
5.00%
|
06/01/2054
|
|
$2,000
|
$1,947,809
|
|
Allegheny (County of), PA Airport Authority; Series 2021 A, RB(b)
|
5.00%
|
01/01/2056
|
|
3,865
|
3,878,230
|
|
Allegheny (County of), PA Airport Authority (Pittsburgh International Airport);
|
|
|
|
|
|
|
Series 2021 A, RB(b)
|
5.00%
|
01/01/2051
|
|
1,320
|
1,328,044
|
|
Series 2021 A, RB (INS - AGI)(b)(c)
|
4.00%
|
01/01/2056
|
|
3,000
|
2,616,541
|
|
Series 2023 A, RB (INS - AGI)(b)(c)
|
5.50%
|
01/01/2053
|
|
4,000
|
4,166,102
|
|
Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network
Obligated Group
Issue); Series 2018 A, Ref. RB
|
5.00%
|
04/01/2047
|
|
3,760
|
3,786,415
|
|
Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh
Medical Center);
Series 2007 A-1, RB (3 mo. Term SOFR + 0.82%)(d)
|
3.45%
|
02/01/2037
|
|
805
|
807,862
|
|
Allegheny (County of), PA Sanitary Authority;
|
|
|
|
|
|
|
Series 2018, RB
|
4.00%
|
06/01/2048
|
|
2,100
|
1,945,092
|
|
Series 2022, RB
|
5.75%
|
06/01/2052
|
|
1,750
|
1,881,608
|
|
Allegheny County Sanitary Authority; Series 2025, RB(e)
|
5.25%
|
12/01/2058
|
|
7,000
|
7,360,048
|
|
Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City
Center);
Series 2024, RB(f)
|
5.00%
|
05/01/2042
|
|
2,820
|
2,935,515
|
|
Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler
Lofts);
Series 2023, RB(f)
|
6.25%
|
05/01/2042
|
|
1,750
|
1,792,418
|
|
Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The));
Series 2017
A, Ref. RB
|
5.00%
|
05/15/2047
|
|
1,200
|
1,186,775
|
|
Bucks (County of), PA Industrial Development Authority (Grand View Hospital); Series
2021, RB
|
5.00%
|
07/01/2054
|
|
760
|
761,404
|
|
Bucks (County of), PA Industrial Development Authority (Pennswood Village); Series
2018, Ref. RB
|
5.00%
|
10/01/2037
|
|
980
|
991,014
|
|
Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services);
Series 2019,
Ref. RB (Acquired 12/18/2019-08/24/2021; Cost $3,715,800)(g)
|
5.00%
|
12/01/2051
|
|
3,625
|
2,778,994
|
|
Chester (County of), PA Industrial Development Authority (Avon Grove Charter School);
Series 2017 A,
Ref. RB
|
5.00%
|
12/15/2047
|
|
1,160
|
1,121,359
|
|
Chester (County of), PA Industrial Development Authority (Collegium Charter School);
Series 2017 A,
RB
|
5.25%
|
10/15/2047
|
|
2,555
|
2,331,404
|
|
Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green
Bonds);
Series 2019, RB
|
4.00%
|
12/01/2049
|
|
1,650
|
1,486,420
|
|
Coatesville School District;
|
|
|
|
|
|
|
Series 2020 A, GO Bonds (INS - BAM)(c)(h)
|
0.00%
|
10/01/2034
|
|
150
|
107,831
|
|
Series 2020 A, GO Bonds (INS - BAM)(c)(h)
|
0.00%
|
10/01/2038
|
|
1,450
|
851,772
|
|
Series 2020 B, Ref. GO Bonds (INS - BAM)(c)(h)
|
0.00%
|
10/01/2033
|
|
275
|
206,946
|
|
Series 2020 B, Ref. GO Bonds (INS - BAM)(c)(h)
|
0.00%
|
10/01/2034
|
|
550
|
395,380
|
|
Commonwealth Financing Authority;
|
|
|
|
|
|
|
Series 2018, RB
|
5.00%
|
06/01/2031
|
|
3,500
|
3,626,509
|
|
Series 2018, RB
|
5.00%
|
06/01/2032
|
|
2,000
|
2,070,741
|
|
Series 2018, RB
|
5.00%
|
06/01/2033
|
|
2,000
|
2,070,246
|
|
Series 2018, RB
|
5.00%
|
06/01/2035
|
|
3,045
|
3,139,447
|
|
Cumberland (County of), PA Municipal Authority; Series 2015, Ref. RB
|
5.00%
|
01/01/2038
|
|
1,590
|
1,590,910
|
|
Cumberland County Municipal Authority;
|
|
|
|
|
|
|
Series 2026, Ref. RB
|
5.00%
|
05/01/2046
|
|
1,000
|
1,056,742
|
|
Series 2026, Ref. RB
|
5.50%
|
06/01/2056
|
|
2,000
|
2,026,922
|
|
Dallas Area Municipal Authority (Misericordia University); Series 2019, Ref. RB
|
5.00%
|
05/01/2048
|
|
3,000
|
2,739,168
|
|
DuBois (City of), PA Hospital Authority (Penn Highlands Healthcare); Series 2018,
Ref. RB
|
5.00%
|
07/15/2048
|
|
2,000
|
1,847,622
|
|
East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities);
Series 2016, Ref. RB
|
5.00%
|
12/01/2030
|
|
1,420
|
1,420,709
|
|
Erie (City of), PA Higher Education Building Authority (AICUP Financing Program);
Series 2021, RB
|
5.00%
|
05/01/2047
|
|
480
|
442,521
|
|
Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); Series
2019, RB
|
5.00%
|
12/01/2049
|
|
510
|
459,689
|
|
Geisinger Authority (Geisinger Health System); Series 2017 A-1, Ref. RB
|
4.00%
|
02/15/2047
|
|
2,000
|
1,809,766
|
|
Lancaster (City of), PA Industrial Development Authority (Willow Valley Communities);
Series 2019, RB
|
5.00%
|
12/01/2049
|
|
2,425
|
2,356,198
|
|
Lancaster (City of), PA Municipal Authority (Garden Spot Village); Series 2024, RB
|
5.00%
|
05/01/2059
|
|
1,160
|
1,126,299
|
|
Lancaster (County of), PA Hospital Authority (Brethren Village);
|
|
|
|
|
|
|
Series 2017, Ref. RB
|
5.13%
|
07/01/2037
|
|
770
|
770,971
|
|
Series 2017, Ref. RB
|
5.25%
|
07/01/2041
|
|
1,500
|
1,500,407
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Pennsylvania–(continued)
|
|||||
|
Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community);
Series 2015, Ref.
RB
|
5.00%
|
07/01/2045
|
|
$3,800
|
$3,799,930
|
|
Lancaster (County of), PA Hospital Authority (Masonic Villages); Series 2023, Ref.
RB
|
5.13%
|
11/01/2038
|
|
1,000
|
1,076,345
|
|
Lancaster (County of), PA Hospital Authority (Penn State Health); Series 2021, RB
|
5.00%
|
11/01/2046
|
|
4,215
|
4,280,769
|
|
Latrobe (City of), PA Industrial Development Authority (Seton Hill University);
|
|
|
|
|
|
|
Series 2021, Ref. RB
|
4.00%
|
03/01/2046
|
|
750
|
617,787
|
|
Series 2021, Ref. RB
|
4.00%
|
03/01/2051
|
|
265
|
206,225
|
|
Lehigh (County of), PA (Lehigh Valley Health Network); Series 2019, Ref. RB
|
4.00%
|
07/01/2049
|
|
7,395
|
6,458,884
|
|
Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter
School);
Series 2023, RB
|
7.00%
|
06/01/2053
|
|
1,210
|
1,284,923
|
|
Lehigh (County of), PA General Purpose Authority (Muhlenberg College); Series 2024,
Ref. RB
|
5.25%
|
02/01/2049
|
|
5,075
|
5,021,058
|
|
Littlestown Area School District; Series 2023 A, GO Bonds (INS - BAM)(c)
|
5.00%
|
10/01/2050
|
|
2,400
|
2,464,253
|
|
Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries);
|
|
|
|
|
|
|
Series 2022 A, RB
|
5.00%
|
01/01/2042
|
|
500
|
512,235
|
|
Series 2022 A, RB
|
4.50%
|
01/01/2045
|
|
450
|
437,514
|
|
Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health
System);
Series 2014 A, Ref. RB
|
5.00%
|
10/01/2027
|
|
2,460
|
2,429,316
|
|
Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery
Homes, Inc.);
Series 2017, Ref. RB
|
5.00%
|
12/01/2047
|
|
3,000
|
2,980,404
|
|
Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University);
|
|
|
|
|
|
|
Series 2019, Ref. RB
|
4.00%
|
09/01/2049
|
|
3,550
|
3,114,241
|
|
Series 2022, Ref. RB
|
4.00%
|
05/01/2056
|
|
5,755
|
4,902,661
|
|
Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life
Communities,
Inc.); Series 2016, Ref. RB
|
5.00%
|
11/15/2036
|
|
4,285
|
4,298,607
|
|
Montgomery (County of), PA Industrial Development Authority (Germantown Academy);
|
|
|
|
|
|
|
Series 2021, Ref. RB
|
4.00%
|
10/01/2036
|
|
1,000
|
973,162
|
|
Series 2021, Ref. RB
|
4.00%
|
10/01/2046
|
|
625
|
550,099
|
|
Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living);
Series 2018
A, Ref. RB
|
5.00%
|
12/01/2048
|
|
2,840
|
2,840,800
|
|
Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.);
Series 2019,
Ref. RB
|
5.00%
|
12/01/2049
|
|
1,000
|
984,948
|
|
Montgomery (County of), PA Redevelopment Authority (River Pionte); Series 2023, RB(f)
|
6.50%
|
09/01/2043
|
|
1,700
|
1,768,648
|
|
Northampton (County of), PA General Purpose Authority (St. Luke’s University Health Network);
|
|
|
|
|
|
|
Series 2016, Ref. RB
|
5.00%
|
08/15/2036
|
|
1,170
|
1,172,620
|
|
Series 2016, Ref. RB
|
5.00%
|
08/15/2046
|
|
625
|
625,547
|
|
Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living,
Inc.);
|
|
|
|
|
|
|
Series 2019, Ref. RB
|
5.00%
|
11/01/2039
|
|
500
|
504,638
|
|
Series 2019, Ref. RB
|
5.00%
|
11/01/2044
|
|
950
|
931,666
|
|
Series 2019, Ref. RB
|
5.00%
|
11/01/2049
|
|
1,050
|
968,492
|
|
Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings
College);
Series 2019, RB
|
5.00%
|
05/01/2044
|
|
1,000
|
983,094
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority; Series 2023
A-2, RB
|
4.00%
|
05/15/2053
|
|
1,750
|
1,514,062
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Core Natural
Resources,
Inc.); Series 2025, Ref. RB(b)(f)(i)
|
5.45%
|
03/27/2035
|
|
1,000
|
1,086,898
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (National
Gypson Co.);
Series 2014, Ref. RB(b)
|
5.50%
|
11/01/2044
|
|
2,365
|
2,366,609
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major
Bridges);
|
|
|
|
|
|
|
Series 2022, RB(b)
|
5.75%
|
06/30/2048
|
|
1,150
|
1,208,370
|
|
Series 2022, RB(b)
|
5.25%
|
06/30/2053
|
|
7,595
|
7,684,285
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania
Rapid
Bridge Replacement);
|
|
|
|
|
|
|
Series 2015, RB(b)
|
5.00%
|
12/31/2038
|
|
2,640
|
2,640,885
|
|
Series 2015, RB(b)
|
5.00%
|
06/30/2042
|
|
1,750
|
1,750,201
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Philadelphia
Biosolids
Facilities); Series 2020, Ref. RB
|
4.00%
|
01/01/2032
|
|
400
|
409,603
|
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian
Senior
Living);
|
|
|
|
|
|
|
Series 2021, Ref. RB
|
4.00%
|
07/01/2041
|
|
1,050
|
1,016,476
|
|
Series 2021, Ref. RB
|
4.00%
|
07/01/2046
|
|
4,180
|
3,741,884
|
|
Series 2023, RB
|
5.25%
|
07/01/2049
|
|
710
|
719,012
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Pennsylvania–(continued)
|
|||||
|
Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC);
|
|
|
|
|
|
|
Series 2020 A-1, RB
|
4.00%
|
04/15/2050
|
|
$2,470
|
$2,197,590
|
|
Series 2026 A, Ref. RB
|
5.00%
|
12/15/2056
|
|
8,000
|
8,104,065
|
|
Pennsylvania (Commonwealth of) Higher Education Assistance Agency; Series 2023 B,
RB(b)
|
5.00%
|
06/01/2050
|
|
500
|
477,602
|
|
Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University);
Series 2012, RB
|
5.00%
|
05/01/2042
|
|
2,570
|
1,704,336
|
|
Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University
of Pennsylvania) ;
Series 2025 A, RB(e)(j)
|
4.25%
|
02/15/2055
|
|
2,500
|
2,372,852
|
|
Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds);
|
|
|
|
|
|
|
Series 2023 141-A, RB
|
5.75%
|
10/01/2053
|
|
717
|
759,033
|
|
Series 2023 143-A, RB
|
5.30%
|
04/01/2044
|
|
4,000
|
4,220,796
|
|
Series 2024-145A, RB
|
6.00%
|
10/01/2054
|
|
1,385
|
1,495,352
|
|
Series 2024-146A, RB
|
6.25%
|
10/01/2054
|
|
1,885
|
2,043,899
|
|
Pennsylvania (Commonwealth of) Turnpike Commission;
|
|
|
|
|
|
|
First series 2023, Ref. RB
|
5.00%
|
12/01/2043
|
|
1,000
|
1,074,612
|
|
Series 2009 C, RB
|
6.25%
|
06/01/2026
|
|
4,840
|
4,840,000
|
|
Series 2009 E, RB
|
6.38%
|
12/01/2038
|
|
720
|
749,540
|
|
Series 2017 A, RB(e)(j)
|
5.50%
|
12/01/2042
|
|
10,000
|
10,089,212
|
|
Series 2017 B-1, RB
|
5.25%
|
06/01/2047
|
|
4,000
|
4,045,774
|
|
Series 2022 B, Ref. RB
|
5.25%
|
12/01/2052
|
|
2,000
|
2,085,950
|
|
Series 2023 A, Ref. RB
|
5.00%
|
12/01/2048
|
|
5,520
|
5,777,978
|
|
Series 2023 A, Ref. RB
|
5.00%
|
12/01/2053
|
|
2,600
|
2,694,985
|
|
Pennsylvania State University (The); Series 2024, RB
|
5.00%
|
09/01/2049
|
|
1,075
|
1,129,659
|
|
Philadelphia (City of), PA;
|
|
|
|
|
|
|
Series 2017 B, Ref. RB(b)
|
5.00%
|
07/01/2042
|
|
4,000
|
4,039,005
|
|
Series 2020 A, RB
|
5.00%
|
11/01/2050
|
|
5,000
|
5,118,229
|
|
Series 2020 C, Ref. RB(b)
|
4.00%
|
07/01/2034
|
|
1,300
|
1,308,706
|
|
Series 2020 C, Ref. RB(b)
|
4.00%
|
07/01/2050
|
|
1,000
|
899,273
|
|
Series 2021, Ref. RB (INS - AGI)(b)(c)
|
4.00%
|
07/01/2039
|
|
1,000
|
997,534
|
|
Series 2023 B, RB (INS - AGI)(c)(e)
|
5.50%
|
09/01/2053
|
|
2,500
|
2,667,384
|
|
Series 2024 C, RB (INS - AGI)(c)(e)
|
5.25%
|
09/01/2049
|
|
7,500
|
7,973,046
|
|
Philadelphia (City of), PA (1998 General Ordinance);
|
|
|
|
|
|
|
Series 2017 15, Ref. RB
|
5.00%
|
08/01/2047
|
|
1,100
|
1,109,037
|
|
Series 2024, RB (INS - AGI)(c)
|
5.25%
|
08/01/2054
|
|
4,695
|
4,916,894
|
|
Philadelphia (City of), PA Authority for Industrial Development (Children’s Hospital of Philadelphia
(The)); Series 2024 A, RB(e)
|
5.25%
|
07/01/2049
|
|
3,000
|
3,198,130
|
|
Philadelphia (City of), PA Authority for Industrial Development (Independence Charter
School - West);
Series 2019, RB
|
5.00%
|
06/15/2050
|
|
1,025
|
938,607
|
|
Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia
Charter School);
Series 2016 B, RB
|
5.00%
|
04/01/2046
|
|
1,180
|
930,914
|
|
Philadelphia (City of), PA Authority for Industrial Development (La Salle University);
Series 2024, Ref.
RB(f)
|
6.00%
|
05/01/2030
|
|
2,260
|
2,093,098
|
|
Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter
School II);
|
|
|
|
|
|
|
Series 2020, RB
|
5.00%
|
08/01/2030
|
|
280
|
287,460
|
|
Series 2020, RB
|
5.00%
|
08/01/2040
|
|
620
|
628,523
|
|
Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School);
Series 2016 A,
Ref. RB
|
5.25%
|
08/01/2046
|
|
1,500
|
1,500,251
|
|
Philadelphia (City of), PA Authority for Industrial Development (Rebuild); Series
2025 A, RB
|
5.00%
|
12/01/2044
|
|
2,200
|
2,390,084
|
|
Philadelphia (City of), PA Authority for Industrial Development (Social Bonds);
|
|
|
|
|
|
|
Series 2024, Ref. RB(f)
|
5.00%
|
06/15/2039
|
|
615
|
625,914
|
|
Series 2024, Ref. RB(f)
|
5.00%
|
06/15/2043
|
|
500
|
502,515
|
|
Philadelphia (City of), PA Authority for Industrial Development (St. Joseph’s University); Series 2022,
RB
|
5.25%
|
11/01/2052
|
|
2,000
|
2,049,173
|
|
Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter
School);
Series 2020, Ref. RB(f)
|
5.00%
|
06/15/2050
|
|
1,700
|
1,594,933
|
|
Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living
Obligated
Group); Series 2017, Ref. RB
|
5.00%
|
07/01/2042
|
|
3,025
|
3,006,844
|
|
Philadelphia School District (The); Series 2021 A, GO Bonds (INS - BAM)(c)
|
4.00%
|
09/01/2046
|
|
1,000
|
931,266
|
|
Pittsburgh (City of), PA Water & Sewer Authority; Series 2025 A, RB
|
5.00%
|
09/01/2052
|
|
2,500
|
2,602,135
|
|
|
Interest
Rate
|
Maturity
Date
|
Principal
Amount
(000)
|
Value
|
|
|
Pennsylvania–(continued)
|
|||||
|
Scranton-Lackawanna Health and Welfare Authority (University of Scranton);
|
|
|
|
|
|
|
Series 2025 A, Ref. RB
|
5.00%
|
11/01/2050
|
|
$1,000
|
$1,010,112
|
|
Series 2025 A, Ref. RB
|
4.38%
|
11/01/2055
|
|
1,000
|
885,664
|
|
Southeastern Pennsylvania Transportation Authority (Asset Improvement Program); Series
2022, RB
|
5.25%
|
06/01/2047
|
|
3,000
|
3,170,350
|
|
Washington (County of), PA Redevelopment Authority (Victory Centre);
|
|
|
|
|
|
|
Series 2018, Ref. RB
|
5.00%
|
07/01/2028
|
|
385
|
386,988
|
|
Series 2018, Ref. RB
|
5.00%
|
07/01/2035
|
|
1,000
|
1,005,220
|
|
West Cornwall Township Municipal Authority (Pleasant View Retirement Community); Series
2018 C,
Ref. RB
|
5.00%
|
12/15/2048
|
|
3,670
|
3,420,174
|
|
|
|
|
|
|
275,097,699
|
|
Puerto Rico–10.33%
|
|
|
|||
|
Children’s Trust Fund;
|
|
|
|
|
|
|
Series 2002, RB
|
5.63%
|
05/15/2043
|
|
1,265
|
1,282,723
|
|
Series 2005 A, RB(h)
|
0.00%
|
05/15/2050
|
|
17,475
|
3,646,028
|
|
Series 2005 B, RB(h)
|
0.00%
|
05/15/2055
|
|
7,700
|
952,334
|
|
Series 2008 A, RB(h)
|
0.00%
|
05/15/2057
|
|
9,870
|
456,285
|
|
Series 2008 B, RB(h)
|
0.00%
|
05/15/2057
|
|
28,400
|
888,508
|
|
Puerto Rico (Commonwealth of); Series 2021 A, GO Bonds(h)
|
0.00%
|
07/01/2033
|
|
12,000
|
8,757,978
|
|
Puerto Rico (Commonwealth of) Electric Power Authority; Series 2007 VV, Ref. RB (INS
- AGI)(c)
|
5.25%
|
07/01/2031
|
|
2,660
|
2,720,628
|
|
Puerto Rico Sales Tax Financing Corp.; Series 2019 A-2, RB
|
4.33%
|
07/01/2040
|
|
1,250
|
1,246,455
|
|
|
|
|
|
|
19,950,939
|
|
Virgin Islands–0.69%
|
|
|
|||
|
Virgin Islands Transportation & Infrastructure Corp. (Garvee); Series 2025, Ref. RB
|
5.00%
|
09/01/2041
|
|
1,225
|
1,331,815
|
|
Guam–0.63%
|
|
|
|||
|
Guam (Territory of) (Section 30); Series 2016 A, Ref. RB
|
5.00%
|
12/01/2046
|
|
1,250
|
1,227,071
|
|
TOTAL INVESTMENTS IN SECURITIES(k)–154.03% (Cost $300,996,472)
|
|
297,607,524
|
|||
|
FLOATING RATE NOTE OBLIGATIONS–(12.19)%
|
|
|
|||
|
Notes with interest and fee rates ranging from 2.12% to 2.95% at 05/31/2026 and
contractual maturities of collateral ranging from 12/01/2042 to 12/01/2058(l)
|
|
|
|
|
(23,555,000
)
|
|
VARIABLE RATE MUNI TERM PREFERRED SHARES–(40.76)%
|
|
(78,756,502
)
|
|||
|
OTHER ASSETS LESS LIABILITIES–(1.08)%
|
|
(2,077,152
)
|
|||
|
NET ASSETS APPLICABLE TO COMMON SHARES–100.00%
|
|
$193,218,870
|
|||
|
AGI
|
– Assured Guaranty, Inc.
|
|
BAM
|
– Build America Mutual Assurance Co.
|
|
GO
|
– General Obligation
|
|
INS
|
– Insurer
|
|
RB
|
– Revenue Bonds
|
|
Ref.
|
– Refunding
|
|
SOFR
|
– Secured Overnight Financing Rate
|
|
(a)
|
Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage.
|
|
(b)
|
Security subject to the alternative minimum tax.
|
|
(c)
|
Principal and/or interest payments are secured by the bond insurance company listed.
|
|
(d)
|
Interest or dividend rate is redetermined periodically. Rate shown is the rate in
effect on May 31, 2026.
|
|
(e)
|
Underlying security related to TOB Trusts entered into by the Trust.
|
|
(f)
|
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 $12,399,939, which represented 6.42% of the Trust’s Net Assets.
|
|
(g)
|
Restricted security. The value of this security at May 31, 2026 represented 1.44% of the Trust’s Net Assets.
|
|
(h)
|
Zero coupon bond issued at a discount.
|
|
(i)
|
Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity
date reflects such call or put.
|
|
(j)
|
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 $8,545,000. However, such shortfall payment would be reduced
by the proceeds from the sale of the security underlying the TOB Trusts.
|
|
(k)
|
This table provides a listing of those entities that have either issued, guaranteed,
backed or otherwise enhanced the credit quality of more than 5% of the
securities held in the portfolio. In instances where the entity has guaranteed, backed
or otherwise enhanced the credit quality of a security, it is not primarily
responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations.
|
|
Entity
|
Percent
|
|
Assured Guaranty Inc.
|
8.76
%
|
|
(l)
|
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 $33,660,672 are held by TOB Trusts and serve as collateral for the $23,555,000 in the floating rate note obligations
outstanding at that date.
|