CUMULATIVE PERFORMANCE
July 11, 2019 through June 30, 2026.
Initial investment of $10,000.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-22796
Fidelity Merrimack Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Nicole Macarchuk, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | June 30 |
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Date of reporting period: | June 30, 2026 |
Item 1.
Reports to Stockholders
ANNUAL SHAREHOLDER REPORT | AS OF
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Principal U.S. Listing Exchange : The Nasdaq Stock Market LLC
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Costs of a $10,000 investment
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Costs paid as a percentage of a $10,000 investment
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Fidelity® Systematic Municipal Bond Index ETF
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$
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1 Year
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5 Year
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Life of Fund B
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Fidelity® Systematic Municipal Bond Index ETF - NAV A
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Fidelity Systematic U.S. Municipal Bond indexC
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n/a
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n/a
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Bloomberg Municipal Bond Index
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KEY FACTS
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Fund Size
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$
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Number of Holdings
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Total Advisory Fee
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$
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Portfolio Turnover
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REVENUE SOURCES
(% of Fund's net assets)
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General Obligations
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Transportation
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Special Tax
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Health Care
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Water & Sewer
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Education
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Electric Utilities
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Others(Individually Less Than 5%)
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98.5
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QUALITY DIVERSIFICATION (% of Fund's net assets)
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AAA - 9.1
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AA - 58.3
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A - 28.1
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BBB - 3.0
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BB - 0.0
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Not Rated - 0.0
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Short-Term Investments and Net Other Assets (Liabilities) - 1.5
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We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.
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TOP STATES
(% of Fund's net assets)
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California
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New York
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Texas
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Illinois
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Pennsylvania
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Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2026 FMR LLC. All rights reserved.
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For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9917226.101 8347-TSRA-0826
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Item 2.
Code of Ethics
As of the end of the period, June 30, 2026, Fidelity Merrimack Street Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Laura M. Bishop is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Ms. Bishop is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by PricewaterhouseCoopers LLP (“PwC”) in each of the last two fiscal years for services rendered to Fidelity Systematic Municipal Bond Index ETF (the “Fund”):
Services Billed by PwC
June 30, 2026 FeesA
| Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
Fidelity Systematic Municipal Bond Index ETF | $51,300 | $- | $5,700 | $1,300 |
June 30, 2025 FeesA,B
| Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
Fidelity Systematic Municipal Bond Index ETF | $35,400 | $- | $5,700 | $200 |
A Amounts may reflect rounding.
B Fidelity Systematic Municipal Bond Index ETF commenced operations on April 4, 2025.
The following table(s) present(s) fees billed by PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by PwC
| June 30, 2026A | June 30, 2025A,B |
Audit-Related Fees | $9,348,700 | $9,680,100 |
Tax Fees | $1,000 | $1,000 |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
B May include amounts billed prior to the Fidelity Systematic Municipal Bond Index ETF’s commencement of operations.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by PwC for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | June 30, 2026A | June 30, 2025A,B |
PwC | $14,568,100 | $14,643,500 |
A Amounts may reflect rounding.
B May include amounts billed prior to the Fidelity Systematic Municipal Bond Index ETF’s commencement of operations.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by PwC to Fund Service Providers to be compatible with maintaining the independence of PwC in its(their) audit of the Fund(s), taking into account representations from PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.
The Registrant is not a “foreign issuer,” as defined in 17 CFR 240.3b-4.
Item 5.
Audit Committee of Listed Registrants
The Audit Committee is a separately-designated standing audit committee in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934. As of October 1, 2025, the members of the Audit Committee were Laura M. Bishop, Elizabeth S. Acton, Ann E. Dunwoody, Robert F. Gartland, Robert W. Helm, Mark A. Murray, Lester Owens, Edward Wiese, and Carol J. Zierhoffer.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable.
Item 7.
Financial Statements and Financial Highlights for Open-End Management Investment Companies
Contents
Municipal Securities - 98.5%
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Principal
Amount (a)
|
Value ($)
|
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Alabama - 4.0%
|
|||
Electric Utilities - 0.1%
|
|||
Lower Ala Gas Dist Gas Proj Rev Series 2016A, 5% 9/1/2046 (Goldman Sachs Group Inc/The Guaranteed)
|
180,000
|
190,039
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|
General Obligations - 3.6%
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|||
Alabama St Corrections Instn Fin Auth Rev (Alabama St Proj.) 5.25% 7/1/2047
|
150,000
|
157,909
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|
Black Belt Energy Gas Dist Ala Gas Supply Rev Series 2023B, 5.25% tender 12/1/2053 (Royal Bank of Canada Guaranteed) (d)
|
490,000
|
526,468
|
|
Black Belt Energy Gas District 5% tender 3/1/2055 (BP PLC Guaranteed) (d)
|
145,000
|
154,569
|
|
Black Belt Energy Gas District 5.25% tender 2/1/2053 (Morgan Stanley Guaranteed) (d)
|
300,000
|
315,277
|
|
Black Belt Energy Gas District Series 2024 B, 5% tender 10/1/2055 (Goldman Sachs Group Inc/The Guaranteed) (d)
|
240,000
|
252,259
|
|
Black Belt Energy Gas District Series 2024 C, 5% tender 5/1/2055 (Pacific Life Insurance Co Guaranteed) (d)
|
680,000
|
723,796
|
|
Black Belt Energy Gas District Series 2025 D, 5% tender 12/1/2055 (Pacific Life Insurance Co Guaranteed) (d)
|
570,000
|
602,159
|
|
Black Belt Energy Gas District Series 2025G, 5% 10/1/2035 (Goldman Sachs Group Inc/The Guaranteed)
|
915,000
|
964,470
|
|
Energy Southeast Ala Coop Dist Energy Supply Rev Series 2024B, 5.25% tender 7/1/2054 (Morgan Stanley Guaranteed) (d)
|
200,000
|
215,348
|
|
Energy Southeast Ala Coop Dist Energy Supply Rev Series 2025A, 5% 11/1/2035 (Goldman Sachs Group Inc/The Guaranteed)
|
375,000
|
395,825
|
|
Southeast AL District Gas Supply Rev Series 2024 B, 5% tender 6/1/2049 (Morgan Stanley Guaranteed) (d)
|
220,000
|
231,959
|
|
Southeast Energy Auth Commodity Supply Rev Ala 5.5% tender 1/1/2053 (Morgan Stanley Guaranteed) (d)
|
345,000
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367,393
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|
Southeast Energy Authority A Cooperative District 5.25% tender 3/1/2055 (Athene Annuity and Life Co Guaranteed) (d)
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850,000
|
880,522
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Southeast Energy Authority A Cooperative District Series 2024C, 5% tender 10/1/2055 (Pacific Life Insurance Co Guaranteed) (d)
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200,000
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212,294
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Southeast Energy Authority A Cooperative District Series 2025 F, 5.25% tender 11/1/2055 (BP PLC Guaranteed) (d)
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165,000
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178,531
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Southeast Energy Authority A Cooperative District Series 2025A, 5% tender 1/1/2056 (Athene Annuity and Life Co Guaranteed) (d)
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320,000
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326,533
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TOTAL GENERAL OBLIGATIONS
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6,505,312
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Health Care - 0.1%
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UAB Medicine Fin Auth Rev (University AL At Birmingham Hosp Rev Proj.) Series 2016 B, 3.625% 9/1/2041
|
195,000
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186,039
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Special Tax - 0.2%
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Alabama St Pub Sch & Coll Auth Series 2020 A, 4% 11/1/2040
|
100,000
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100,256
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|
Alabama St Pub Sch & Coll Auth Series 2020 A, 5% 11/1/2039
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320,000
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341,333
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TOTAL SPECIAL TAX
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441,589
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TOTAL ALABAMA
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7,322,979
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Arizona - 1.6%
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Education - 0.1%
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Arizona Indl Dev Auth Student Hsg Rev (Provident Properties Proj.) Series 2019A, 5% 6/1/2058 (Build America Mutual Assurance Co Insured)
|
65,000
|
65,563
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University AZ Univ Revs Series 2020 A, 4% 8/1/2044
|
100,000
|
99,297
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TOTAL EDUCATION
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164,860
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Electric Utilities - 1.2%
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Salt River Proj AZ Agric & Pwr Series 2016 A, 5% 1/1/2027
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50,000
|
50,614
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Salt River Proj AZ Agric & Pwr Series 2016 A, 5% 1/1/2031
|
1,495,000
|
1,512,862
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|
Salt River Proj AZ Agric & Pwr Series 2016 A, 5% 1/1/2036
|
40,000
|
40,400
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|
Salt River Proj AZ Agric & Pwr Series 2017A, 5% 1/1/2028
|
100,000
|
103,847
|
|
Salt River Proj AZ Agric & Pwr Series 2017A, 5% 1/1/2031
|
40,000
|
41,436
|
|
Salt River Proj AZ Agric & Pwr Series 2017A, 5% 1/1/2033
|
130,000
|
134,376
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Salt River Proj AZ Agric & Pwr Series 2022A, 5% 1/1/2032
|
255,000
|
285,135
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|
TOTAL ELECTRIC UTILITIES
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2,168,670
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General Obligations - 0.0%
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Maricopa County Special Health Care District Gen. Oblig. Series C, 4% 7/1/2038
|
55,000
|
55,159
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|
Salt Verde Finl Corp Gas Rev AZ 5% 12/1/2032 (Citigroup Inc Guaranteed)
|
50,000
|
53,023
|
|
Salt Verde Finl Corp Gas Rev AZ 5.25% 12/1/2026 (Citigroup Inc Guaranteed)
|
15,000
|
15,123
|
|
TOTAL GENERAL OBLIGATIONS
|
123,305
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Health Care - 0.2%
|
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Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) Series 2021 A, 4% 9/1/2051
|
135,000
|
118,961
|
|
Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) Series 2016 A, 5% 1/1/2038
|
260,000
|
262,858
|
|
TOTAL HEALTH CARE
|
381,819
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Transportation - 0.1%
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Phoenix AZ Cvc Imp Crp Apr Rev Series 2018, 5% 7/1/2048 (c)
|
150,000
|
150,907
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TOTAL ARIZONA
|
2,989,561
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California - 21.3%
|
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Education - 2.4%
|
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California Edl Facs Auth Rev (Stanford University Proj.) 5% 3/15/2039
|
70,000
|
84,302
|
|
California Edl Facs Auth Rev (Stanford University Proj.) Series U 6, 5% 5/1/2045
|
35,000
|
41,891
|
|
California Educational Facilities Authority (Stanford University Proj.) Series V3, 5% 6/1/2033
|
175,000
|
202,180
|
|
California St Univ Rev Series 2016A, 3.125% 11/1/2036
|
230,000
|
223,302
|
|
California St Univ Rev Series 2016A, 3.2% 11/1/2037
|
150,000
|
145,396
|
|
California St Univ Rev Series 2016A, 5% 11/1/2026
|
45,000
|
45,082
|
|
California St Univ Rev Series 2016A, 5% 11/1/2045
|
125,000
|
125,117
|
|
California St Univ Rev Series 2025A, 4.625% 11/1/2056
|
60,000
|
61,310
|
|
California Stwd Cmnty Dev Auth Student Hsg Rev (Chf Irvine LLC Proj.) Series 2017, 5% 5/15/2042
|
100,000
|
100,788
|
|
University CA Revs 5% 5/15/2035
|
250,000
|
273,888
|
|
University CA Revs Series 2017 AY, 5% 5/15/2028
|
20,000
|
20,454
|
|
University CA Revs Series 2017M, 5% 5/15/2032
|
75,000
|
76,541
|
|
University CA Revs Series 2017M, 5% 5/15/2036
|
80,000
|
81,449
|
|
University CA Revs Series 2018 O, 4% 5/15/2048
|
165,000
|
161,234
|
|
University CA Revs Series 2018 O, 5% 5/15/2058
|
105,000
|
106,859
|
|
University CA Revs Series 2023 BN, 5% 5/15/2030
|
150,000
|
163,621
|
|
University CA Revs Series 2023 BQ, 5% 5/15/2035
|
50,000
|
56,621
|
|
University CA Revs Series 2024 BS, 5% 5/15/2044
|
20,000
|
21,993
|
|
University CA Revs Series 2024 BV, 5% 5/15/2038
|
270,000
|
304,186
|
|
University CA Revs Series 2024 BW, 5% 5/15/2031
|
1,000,000
|
1,109,389
|
|
University CA Revs Series 2025 BZ, 5% 5/15/2029
|
115,000
|
123,108
|
|
University CA Revs Series 2025 BZ, 5% 5/15/2039
|
315,000
|
356,411
|
|
University CA Revs Series 2025 CD, 5% 5/15/2036
|
300,000
|
352,094
|
|
TOTAL EDUCATION
|
4,237,216
|
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Electric Utilities - 1.3%
|
|||
Imperial CA Irr Dist Elec Rev Series 2016B 1, 5% 11/1/2046
|
140,000
|
140,468
|
|
Los Angeles CA Wtr & Pwr Rev Series 2018 A, 5% 7/1/2031
|
15,000
|
15,444
|
|
Los Angeles CA Wtr & Pwr Rev Series 2019 B, 5% 7/1/2030
|
55,000
|
57,727
|
|
Los Angeles CA Wtr & Pwr Rev Series 2020 A, 5% 7/1/2027
|
135,000
|
138,316
|
|
Los Angeles CA Wtr & Pwr Rev Series 2022 A, 5% 7/1/2040
|
275,000
|
291,496
|
|
Los Angeles CA Wtr & Pwr Rev Series 2023E, 5% 7/1/2038
|
285,000
|
310,254
|
|
Los Angeles CA Wtr & Pwr Rev Series 2024 B, 5% 7/1/2038
|
240,000
|
262,594
|
|
Los Angeles CA Wtr & Pwr Rev Series 2024 C, 5% 7/1/2035
|
595,000
|
662,449
|
|
Los Angeles CA Wtr & Pwr Rev Series 2024 E, 5% 7/1/2054
|
255,000
|
264,132
|
|
Turlock CA Series 2016, 5% 1/1/2046
|
205,000
|
206,213
|
|
TOTAL ELECTRIC UTILITIES
|
2,349,093
|
||
Escrowed/Pre-Refunded - 0.4%
|
|||
Anaheim CA Pub Fin Auth Lease Rev 0% 9/1/2036 (Escrowed to Maturity) (b)
|
170,000
|
123,681
|
|
California Infra & Econ Dev Bank 5% 7/1/2029 (National Public Finance Guarantee Corporation Insured) (Pre-refunded to 1/1/2028 at 100)
|
165,000
|
171,298
|
|
Foothill/Estrn Transn CA Toll 0% 1/1/2027 (b)
|
40,000
|
39,505
|
|
Foothill/Estrn Transn CA Toll 0% 1/1/2029 (b)
|
195,000
|
183,501
|
|
Los Angeles CA Uni Sch Dist Cp 5% 10/1/2033 (Escrowed to Maturity)
|
50,000
|
57,929
|
|
Los Angeles CA Uni Sch Dist Cp 5% 10/1/2034 (Pre-refunded to 10/1/2033 at 100)
|
10,000
|
11,586
|
|
San Diego CA Comm Coll Dist Gen. Oblig. Series 2016, 5% 8/1/2041 (Pre-refunded to 8/1/2026 at 100)
|
5,000
|
5,010
|
|
San Joaquin Hills CA Transn Corridor Agy Toll Rd Rev 0% 1/1/2028 (b)
|
200,000
|
193,216
|
|
San Joaquin Hills CA Transn Corridor Agy Toll Rd Rev Series 1993 CABS, 0% 1/1/2028 (Escrowed to Maturity) (b)
|
35,000
|
33,813
|
|
State of California Gen. Oblig. 5% 3/1/2035 (Pre-refunded to 3/1/2030 at 100)
|
5,000
|
5,443
|
|
TOTAL ESCROWED/PRE-REFUNDED
|
824,982
|
||
General Obligations - 10.9%
|
|||
Antelope Valley CA Cmnty College Dist Gen. Oblig. Series B, 3% 8/1/2050
|
55,000
|
42,470
|
|
California Community Choice Financing Authority 5% tender 1/1/2055 (Athene Annuity and Life Co Guaranteed) (d)
|
3,975,000
|
4,090,252
|
|
California Community Choice Financing Authority 5% tender 2/1/2055 (Royal Bank of Canada Guaranteed) (d)
|
180,000
|
194,873
|
|
California Community Choice Financing Authority Series 2022A 1, 4% tender 5/1/2053 (Morgan Stanley Guaranteed) (d)
|
670,000
|
678,081
|
|
California Community Choice Financing Authority Series 2024 A 1, 5% tender 5/1/2054 (Morgan Stanley Guaranteed) (d)
|
275,000
|
292,648
|
|
California Community Choice Financing Authority Series 2025A, 5% tender 1/1/2056 (Athene Annuity and Life Co Guaranteed) (d)
|
100,000
|
103,117
|
|
California Community Choice Financing Authority Series 2025B, 5% tender 3/1/2056 (Pacific Life Insurance Co Guaranteed) (d)
|
195,000
|
208,881
|
|
California St Pub Wks Brd Lse 5% 8/1/2033
|
175,000
|
193,820
|
|
California St Pub Wks Brd Lse Series 2021 C, 4% 11/1/2038
|
260,000
|
266,991
|
|
California St Pub Wks Brd Lse Series 2024 A, 5% 4/1/2042
|
350,000
|
389,167
|
|
Central Valley Energy Authority Series 2025, 5% tender 12/1/2055 (Pacific Life Insurance Co Guaranteed) (d)
|
150,000
|
160,629
|
|
Cerritos CA Cmnty College Dist Gen. Oblig. Series 2019 C, 3% 8/1/2044
|
25,000
|
21,559
|
|
Chaffey CA Unified Hsd Series D, 4% 8/1/2049
|
20,000
|
19,605
|
|
Chino Valley CA Uni Sch Dist Series 2017A, 5.25% 8/1/2047
|
50,000
|
50,897
|
|
City of Fresno Unified School Series 2016A, 4% 8/1/2041
|
150,000
|
149,995
|
|
Compton CA Uni Sch Dist Series 2019 B, 3% 6/1/2049 (Build America Mutual Assurance Co Insured)
|
10,000
|
7,759
|
|
El Camino CA Cmty College Dist Series 2012C, 0% 8/1/2034 (b)
|
165,000
|
128,644
|
|
El Camino CA Cmty College Dist Series 2012C, 0% 8/1/2038 (b)
|
65,000
|
42,781
|
|
Fremont Union High Sch Dist Santa Clara Series 2019 A, 4% 8/1/2046
|
30,000
|
29,951
|
|
Hayward CA Uni Sch Dist Series 2019 A, 4% 8/1/2048 (Build America Mutual Assurance Co Insured)
|
200,000
|
190,517
|
|
Livermore Valley CA Jt Uni Sch Series 2019, 4% 8/1/2046
|
190,000
|
182,753
|
|
Long Beach CA Bd Fin Auth Nat Gas Pur Rev 5% 11/15/2035 (Merrill Lynch & Co Inc Guaranteed)
|
25,000
|
27,647
|
|
Long Beach CA Uni Sch Dist 0% 8/1/2035 (b)
|
150,000
|
112,344
|
|
Los Angeles CA Ccd Gen. Oblig. Series 2024, 5% 8/1/2030
|
15,000
|
16,592
|
|
Los Angeles CA Ccd Gen. Oblig. Series D, 5% 8/1/2028
|
145,000
|
153,464
|
|
Los Angeles CA Ccd Gen. Oblig. Series F, 5% 8/1/2031
|
100,000
|
112,583
|
|
Los Angeles CA Ccd Gen. Oblig. Series L 1, 5% 8/1/2036
|
10,000
|
11,230
|
|
Los Angeles CA Uni Sch Dist Cp (Los Angeles Unified School District/CA Proj.) 5% 10/1/2033
|
35,000
|
39,834
|
|
Los Angeles CA Uni Sch Dist Cp (Los Angeles Unified School District/CA Proj.) 5% 10/1/2034
|
5,000
|
5,673
|
|
Los Angeles Cnty CA Pub Wks (Los Angeles Cnty Calif Proj.) Series 2025J, 5.25% 12/1/2054
|
350,000
|
381,375
|
|
Los Angeles Unified School District/CA Series 2018 B 1, 5% 7/1/2033
|
240,000
|
248,339
|
|
Los Angeles Unified School District/CA Series 2018 B 1, 5.25% 7/1/2042
|
50,000
|
51,551
|
|
Los Angeles Unified School District/CA Series 2019A, 5% 7/1/2028
|
130,000
|
136,926
|
|
Los Angeles Unified School District/CA Series 2019A, 5% 7/1/2029
|
220,000
|
236,836
|
|
Los Angeles Unified School District/CA Series 2019A, 5% 7/1/2030
|
50,000
|
53,758
|
|
Los Angeles Unified School District/CA Series 2020 C, 4% 7/1/2032
|
25,000
|
26,285
|
|
Los Angeles Unified School District/CA Series 2020 C, 5% 7/1/2030
|
60,000
|
65,943
|
|
Los Angeles Unified School District/CA Series 2023 QRR, 5% 7/1/2033
|
130,000
|
149,199
|
|
Los Angeles Unified School District/CA Series 2023 QRR, 5% 7/1/2036
|
15,000
|
17,078
|
|
Los Angeles Unified School District/CA Series 2023 QRR, 5% 7/1/2043
|
25,000
|
27,564
|
|
Los Angeles Unified School District/CA Series 2024A, 5% 7/1/2029
|
250,000
|
269,132
|
|
Los Angeles Unified School District/CA Series 2024A, 5% 7/1/2031
|
630,000
|
705,078
|
|
M-S-R Energy Auth Calif Gas Rev 6.125% 11/1/2029 (Citigroup Inc Guaranteed)
|
40,000
|
42,046
|
|
M-S-R Energy Auth Calif Gas Rev 6.5% 11/1/2039 (Citigroup Inc Guaranteed)
|
50,000
|
61,815
|
|
M-S-R Energy Auth Calif Gas Rev 6.5% 11/1/2039 (Citigroup Inc Guaranteed)
|
30,000
|
37,088
|
|
Marin Healthcare District Gen. Oblig. Series 2017A, 4% 8/1/2047
|
135,000
|
128,857
|
|
Montebello CA Unified Sch Dist Series 2016A, 5% 8/1/2041
|
50,000
|
50,068
|
|
Napa Valley CA Uni Sch Dist 4% 8/1/2044 (Assured Guaranty Inc Insured)
|
175,000
|
175,013
|
|
Newport Mesa CA Uni Sch Dist 0% 8/1/2036 (b)
|
230,000
|
165,914
|
|
Newport Mesa CA Uni Sch Dist Series 2017, 0% 8/1/2039 (b)
|
495,000
|
296,641
|
|
Oakland CA Uni Sch Dist Alameda Cnty Series 2021 A, 4% 8/1/2046 (Build America Mutual Assurance Co Insured)
|
205,000
|
200,424
|
|
Palo Alto Calif Uni Sch Dist 0% 8/1/2033 (b)
|
35,000
|
28,583
|
|
Poway CA Unified Sch Dist 0% 8/1/2046 (b)
|
190,000
|
80,170
|
|
Sacramento CA Fin Auth 0% 12/1/2034 (National Public Finance Guarantee Corporation Insured) (b)
|
90,000
|
68,947
|
|
San Bernardino CA Cmnty College Dist Gen. Oblig. 0% 8/1/2048 (b)
|
5,000
|
1,975
|
|
San Bernardino CA Cmnty College Dist Gen. Oblig. Series E, 4.125% 8/1/2049
|
40,000
|
40,093
|
|
San Diego CA Uni Sch Dist 0% 7/1/2030 (b)
|
35,000
|
31,308
|
|
San Diego CA Uni Sch Dist 0% 7/1/2038 (b)
|
250,000
|
166,880
|
|
San Diego CA Uni Sch Dist 0% 7/1/2043 (b)
|
10,000
|
5,330
|
|
San Diego CA Uni Sch Dist 0% 7/1/2049 (b)
|
125,000
|
46,038
|
|
San Diego CA Uni Sch Dist Series 2017 K 2, 0% 7/1/2031 (b)
|
430,000
|
363,043
|
|
San Diego CA Uni Sch Dist Series 2022 F 2, 5% 7/1/2029
|
105,000
|
113,095
|
|
San Diego CA Uni Sch Dist Series G 1, 5.25% 7/1/2028 (Assured Guaranty Inc Insured)
|
25,000
|
26,464
|
|
San Fran CA Bay Area Rpd Trans Dist Gen. Oblig. Series 2019 B 1, 3% 8/1/2049
|
200,000
|
156,171
|
|
San Fran CA Bay Area Rpd Trans Dist Gen. Oblig. Series 2022D 1, 4.125% 8/1/2052
|
195,000
|
193,020
|
|
San Fran CA Bay Area Rpd Trans Dist Gen. Oblig. Series A 1, 4% 8/1/2042
|
10,000
|
10,011
|
|
San Fran CA Bay Area Rpd Trans Dist Gen. Oblig. Series A 1, 5% 8/1/2047
|
80,000
|
81,081
|
|
San Francisco CA City & Cnty Gen. Oblig. Series 2022 R1, 5% 6/15/2028
|
155,000
|
163,292
|
|
San Jose California Gen. Oblig. Series 2019 C, 5% 9/1/2030
|
265,000
|
283,749
|
|
San Mateo Cnty Calif Cmnty Col Dist Gen. Oblig. 0% 9/1/2033 (National Public Finance Guarantee Corporation Insured) (b)
|
130,000
|
104,733
|
|
San Mateo Cnty Calif Cmnty Col Dist Gen. Oblig. 0% 9/1/2035 (National Public Finance Guarantee Corporation Insured) (b)
|
200,000
|
149,163
|
|
Santa Clara CA Uni Sch Dist Series 2019, 4% 7/1/2048
|
35,000
|
34,447
|
|
Santa Clara Cnty CA Fing Lease (Santa Clara Cnty CA Proj.) 3% 5/15/2037
|
200,000
|
187,859
|
|
Santa Clara Cnty CA Fing Lease (Santa Clara Cnty CA Proj.) Series 2019 A, 3.125% 5/1/2047
|
225,000
|
186,246
|
|
Saugus Union School District School Facilities Improvement District No 2014-1 Series C, 2.375% 8/1/2044
|
150,000
|
113,877
|
|
State Center CA Cmnty College Dist Gen. Oblig. Series 2020 B, 2.25% 8/1/2045
|
250,000
|
181,138
|
|
State of California Gen. Oblig. 2% 11/1/2036
|
60,000
|
50,781
|
|
State of California Gen. Oblig. 3% 10/1/2033
|
70,000
|
69,942
|
|
State of California Gen. Oblig. 3% 10/1/2034
|
50,000
|
49,610
|
|
State of California Gen. Oblig. 3% 10/1/2037
|
190,000
|
179,349
|
|
State of California Gen. Oblig. 3% 11/1/2035
|
250,000
|
246,932
|
|
State of California Gen. Oblig. 3% 11/1/2041
|
185,000
|
168,460
|
|
State of California Gen. Oblig. 3% 11/1/2050
|
575,000
|
459,070
|
|
State of California Gen. Oblig. 3% 3/1/2028
|
50,000
|
50,448
|
|
State of California Gen. Oblig. 4% 3/1/2050
|
40,000
|
39,663
|
|
State of California Gen. Oblig. 4% 8/1/2037
|
25,000
|
25,157
|
|
State of California Gen. Oblig. 5% 10/1/2029
|
175,000
|
188,945
|
|
State of California Gen. Oblig. 5% 10/1/2048
|
100,000
|
102,536
|
|
State of California Gen. Oblig. 5% 11/1/2027
|
50,000
|
51,820
|
|
State of California Gen. Oblig. 5% 11/1/2029
|
120,000
|
129,783
|
|
State of California Gen. Oblig. 5% 3/1/2030
|
115,000
|
125,041
|
|
State of California Gen. Oblig. 5% 3/1/2032
|
50,000
|
54,230
|
|
State of California Gen. Oblig. 5% 3/1/2032
|
50,000
|
54,230
|
|
State of California Gen. Oblig. 5% 3/1/2035
|
215,000
|
232,000
|
|
State of California Gen. Oblig. 5% 4/1/2029
|
140,000
|
149,626
|
|
State of California Gen. Oblig. 5% 4/1/2030
|
100,000
|
106,770
|
|
State of California Gen. Oblig. 5% 8/1/2035
|
800,000
|
937,560
|
|
State of California Gen. Oblig. 5% 9/1/2031
|
230,000
|
256,723
|
|
State of California Gen. Oblig. 5% 9/1/2033
|
145,000
|
166,653
|
|
State of California Gen. Oblig. Series 2016, 3% 9/1/2033
|
355,000
|
350,786
|
|
State of California Gen. Oblig. Series 2016, 5% 9/1/2045
|
10,000
|
10,014
|
|
State of California Gen. Oblig. Series 2016B, 5% 9/1/2030
|
15,000
|
15,058
|
|
State of California Gen. Oblig. Series 2017, 5% 11/1/2027
|
75,000
|
77,729
|
|
State of California Gen. Oblig. Series 2017, 5% 11/1/2027
|
65,000
|
67,365
|
|
State of California Gen. Oblig. Series 2017, 5% 11/1/2031
|
100,000
|
103,088
|
|
Sunnyvale CA Fin Auth Lease Rev Series 2020, 4% 4/1/2050
|
380,000
|
372,240
|
|
Sweetwater CA Un High Sch Dist Series 2016, 4% 8/1/2042
|
350,000
|
349,990
|
|
Twin Rivers Uni Sch Dist Calif 0% 8/1/2041 (Assured Guaranty Inc Insured) (b)
|
135,000
|
71,062
|
|
West Hollywood Public Financing Authority Series 2016, 3% 4/1/2041
|
140,000
|
122,655
|
|
William S Hart Uni High School Dist 0% 8/1/2033 (b)
|
50,000
|
40,267
|
|
Yuba CA Gen. Oblig. Series 2016, 3% 8/1/2036
|
165,000
|
156,534
|
|
TOTAL GENERAL OBLIGATIONS
|
19,900,517
|
||
Health Care - 1.7%
|
|||
California Health Facilities Financing Authority (Adventist Health System-West Proj.) Series 2024A, 5% 12/1/2028
|
380,000
|
397,576
|
|
California Health Facilities Financing Authority (Kaiser Permanente Hlth System Proj.) Series 2006C, 5% tender 6/1/2041 (d)
|
330,000
|
354,022
|
|
California Health Facilities Financing Authority (Kaiser Permanente Hlth System Proj.) Series A 1, 5% 11/1/2027
|
40,000
|
41,466
|
|
California Health Facilities Financing Authority (Kaiser Permanente Hlth System Proj.) Series A 2, 5% 11/1/2047
|
70,000
|
78,841
|
|
California Health Facilities Financing Authority (Providence Health Systems Proj.) Series 2016A, 3% 10/1/2041
|
75,000
|
65,247
|
|
California Health Facilities Financing Authority (Providence St Joseph Health Obligated Group Proj.) 5% tender 10/1/2050 (d)
|
100,000
|
111,304
|
|
California Health Facilities Financing Authority (Stanford Health Care Proj.) Series 2017 A, 4% 11/15/2040
|
100,000
|
99,457
|
|
California Health Facilities Financing Authority (Stanford Health Care Proj.) Series 2017 A, 5% 11/15/2031
|
490,000
|
506,432
|
|
California Health Facilities Financing Authority (Stanford Health Care Proj.) Series 2017 A, 5% 11/15/2036
|
100,000
|
102,819
|
|
California Health Facilities Financing Authority (Sutter Health Systems CA Proj.) Series 2016B, 4% 11/15/2038
|
150,000
|
150,057
|
|
California Health Facilities Financing Authority (Sutter Health Systems CA Proj.) Series 2016B, 5% 11/15/2046
|
15,000
|
15,039
|
|
California Health Facilities Financing Authority (Sutter Health Systems CA Proj.) Series 2018 A, 4% 11/15/2042
|
65,000
|
63,543
|
|
California Health Facilities Financing Authority (Sutter Health Systems CA Proj.) Series 2018 A, 5% 11/15/2026
|
35,000
|
35,333
|
|
California Health Facilities Financing Authority (Sutter Health Systems CA Proj.) Series 2018 A, 5% 11/15/2033
|
25,000
|
25,753
|
|
California Hlth Facs Fin Auth (Adventist Health System-West Proj.) Series 2013 A, 4% 3/1/2033
|
260,000
|
260,039
|
|
California Hlth Facs Fin Auth (Adventist Health System-West Proj.) Series 2013 A, 4% 3/1/2043
|
35,000
|
32,819
|
|
California Statewide Community Development Authority Rev (Front Porch Community CA Proj.) Series 2017A, 5% 4/1/2047
|
55,000
|
55,115
|
|
California Statewide Community Development Authority Rev (Huntington Mem Hosp Proj.) Series 2018, 5% 7/1/2048
|
260,000
|
265,242
|
|
California Statewide Community Development Authority Rev (Kaiser Permanente Hlth System Proj.) Series 2004 J, 5% tender 4/1/2036 (d)
|
25,000
|
26,820
|
|
Univ CA Regts Med Ctr Pooled Rev Series 2022 P, 4% 5/15/2053
|
265,000
|
251,465
|
|
Univ CA Regts Med Ctr Pooled Rev Series 2022 P, 5% 5/15/2041
|
135,000
|
146,600
|
|
Upland CA Ctfs Partn (San Antonio Community Hosp,Ca Proj.) 5% 1/1/2047
|
80,000
|
80,363
|
|
TOTAL HEALTH CARE
|
3,165,352
|
||
Lease Revenue - 0.1%
|
|||
California Infrastructure & Economic Dev Bank Lease Rev (California State Teachers' Retirement System Proj.) 5% 8/1/2044
|
170,000
|
177,528
|
|
Garden Grove Calif Pub Fing Auth Lease Rev Series 2024A, 4% 4/1/2054 (Build America Mutual Assurance Co Insured)
|
65,000
|
61,715
|
|
TOTAL LEASE REVENUE
|
239,243
|
||
Other - 0.2%
|
|||
California Infrastructure & Economic Development Bank (CA Academy of Science Proj.) Series 2021 B, 4% 5/1/2046
|
200,000
|
196,993
|
|
California Infrastructure & Economic Development Bank (J Paul Getty Trust/The Proj.) Series 2023A, 5% 4/1/2033
|
30,000
|
34,718
|
|
Los Angeles CA Dept Arpts Rev 5% 5/15/2050
|
125,000
|
133,440
|
|
TOTAL OTHER
|
365,151
|
||
Special Tax - 0.6%
|
|||
Anaheim CA Pub Fin Auth Lease Rev (Anaheim CA Lpmr Disney Proj.) Series 1997 C, 0% 9/1/2028 (Assured Guaranty Inc Insured) (b)
|
95,000
|
89,445
|
|
Irvine Calif Facs Fing Auth Spl Tax Rev Series 2023A, 4% 9/1/2058 (Build America Mutual Assurance Co Insured)
|
160,000
|
149,316
|
|
Los Angeles Cnty CA Metro Trans Auth Sales Tax Rev Series 2019 A, 5% 7/1/2044
|
45,000
|
46,869
|
|
Los Angeles Cnty CA Metro Trans Auth Sales Tax Rev Series 2021 A, 5% 7/1/2044
|
190,000
|
204,519
|
|
Sacramento CA Transn Auth Sales Tax Rev Series 2023, 5% 10/1/2033
|
140,000
|
163,360
|
|
Sacramento Calif Transient Occupancy Tax Rev Series 2018 A, 5% 6/1/2043
|
55,000
|
56,769
|
|
San Francisco CA BART Dist Tax Series 2019 A, 3% 7/1/2044
|
5,000
|
4,295
|
|
Santa Clara Valley CA Trans Auth Sales Tax Rev 5% 4/1/2033
|
185,000
|
214,100
|
|
Westminster Calif Redev Agy Successor Agy Tax Allocation Series 2016, 3% 11/1/2041 (Build America Mutual Assurance Co Insured)
|
125,000
|
106,885
|
|
TOTAL SPECIAL TAX
|
1,035,558
|
||
Transportation - 1.9%
|
|||
Bay Area Toll Auth CA Bridge Rev Series 2017 S 7, 4% 4/1/2038
|
390,000
|
390,435
|
|
Bay Area Toll Auth CA Bridge Rev Series 2017 S 7, 4% 4/1/2047
|
5,000
|
4,920
|
|
Burbank Glendale Pasadena Arpt Auth Calif Arpt Rev Series 2024A, 4% 7/1/2054 (Assured Guaranty Inc Insured)
|
205,000
|
198,195
|
|
California Mun Fn Auth Rev (Linxs Apm Project Proj.) Series 2018 A, 5% 12/31/2028 (c)
|
60,000
|
62,194
|
|
Foothill/Estrn Transn CA Toll Series B 1, 3.95% 1/15/2053 (d)
|
155,000
|
141,796
|
|
Los Angeles CA Dept Arpts Rev Series 2018 B, 5% 5/15/2034 (c)
|
10,000
|
10,326
|
|
Los Angeles CA Dept Arpts Rev Series 2018 C, 5% 5/15/2037 (c)
|
75,000
|
76,660
|
|
Los Angeles CA Dept Arpts Rev Series 2018 D, 5% 5/15/2031 (c)
|
80,000
|
84,426
|
|
Los Angeles CA Dept Arpts Rev Series 2018 D, 5% 5/15/2032 (c)
|
225,000
|
236,975
|
|
Los Angeles CA Dept Arpts Rev Series 2019 A, 5% 5/15/2049 (c)
|
230,000
|
232,607
|
|
Los Angeles CA Dept Arpts Rev Series 2019 D, 5% 5/15/2049 (c)
|
270,000
|
272,071
|
|
Los Angeles CA Dept Arpts Rev Series 2020 A, 5% 5/15/2040
|
20,000
|
21,249
|
|
Los Angeles CA Dept Arpts Rev Series 2021B, 5% 5/15/2048
|
165,000
|
172,160
|
|
San Diego Cnty CA Reg Arpt Auth Arpt Rev Series 2021A, 4% 7/1/2056
|
545,000
|
521,456
|
|
San Diego Cnty CA Reg Arpt Auth Arpt Rev Series A, 5% 7/1/2047
|
50,000
|
50,582
|
|
San Francisco CA City & County Airports Commission International Airport Revenue 4% 5/1/2052 (c)
|
500,000
|
453,552
|
|
San Francisco CA City & County Airports Commission International Airport Revenue Series 2017A, 5% 5/1/2047 (c)
|
40,000
|
40,184
|
|
San Francisco CA City & County Airports Commission International Airport Revenue Series 2019 A, 5% 5/1/2049 (c)
|
25,000
|
25,299
|
|
San Francisco CA City & County Airports Commission International Airport Revenue Series 2023 C, 5.75% 5/1/2048 (c)
|
275,000
|
299,911
|
|
San Francisco CA City & County Airports Commission International Airport Revenue Series 2025 A, 5.25% 5/1/2055 (c)
|
200,000
|
210,011
|
|
San Joaquin Hills CA Transn Corridor Agy Toll Rd Rev 0% 1/15/2032 (National Public Finance Guarantee Corporation Insured) (b)
|
30,000
|
25,073
|
|
San Jose Calif Arpt Rev Series 2017B, 5% 3/1/2042
|
45,000
|
45,499
|
|
TOTAL TRANSPORTATION
|
3,575,581
|
||
Water & Sewer - 1.8%
|
|||
California Infrastructure & Economic Development Bank (CA St Clean Water Revolving Fund Proj.) 5% 10/1/2035
|
15,000
|
17,092
|
|
California Infrastructure & Economic Development Bank (CA St Clean Water Revolving Fund Proj.) 5% 10/1/2052
|
20,000
|
21,070
|
|
California Infrastructure & Economic Development Bank (CA St Clean Water Revolving Fund Proj.) Series 2017, 5% 10/1/2029
|
405,000
|
413,285
|
|
California Infrastructure & Economic Development Bank (CA St Clean Water Revolving Fund Proj.) Series 2018, 5% 10/1/2026
|
25,000
|
25,161
|
|
California St Dept Wtr Res Cen Series BA, 5% 12/1/2032
|
65,000
|
69,753
|
|
California St Dept Wtr Res Cen Series BB, 5% 12/1/2035
|
200,000
|
218,965
|
|
City of Los Angeles CA Wastewater System Revenue Series 2025A, 5% 6/1/2035
|
100,000
|
118,401
|
|
Los Angeles CA Dep Wtr & Pwr Wtrwks Rev Series 2022 B, 4% 7/1/2049
|
140,000
|
134,450
|
|
Los Angeles CA Dep Wtr & Pwr Wtrwks Rev Series 2024B, 5% 7/1/2036
|
305,000
|
339,622
|
|
Metropolitan Wtr Dist Southn Calif Series 2020 C, 5% 7/1/2039
|
225,000
|
242,826
|
|
Metropolitan Wtr Dist Southn Calif Series 2020A, 5% 7/1/2027
|
140,000
|
143,817
|
|
Sacramento Cnty CA Santn Dist Series 2021, 5% 12/1/2031
|
200,000
|
226,906
|
|
Sacramento Cnty CA Santn Dist Series 2021, 5% 12/1/2032
|
235,000
|
271,047
|
|
Sacramento Cnty CA Santn Dist Series 2021, 5% 12/1/2033
|
15,000
|
16,917
|
|
San Diego CA Pub Facs Fing Auth Wtr Rev 5.25% 8/1/2047
|
30,000
|
30,980
|
|
San Diego County Water Authority 5% 5/1/2047
|
140,000
|
149,134
|
|
San Francisco CA Pub Util Comm Wstwtr Rev Series 2023A, 5% 10/1/2032
|
190,000
|
217,738
|
|
San Francisco CA Pub Util Comm Wstwtr Rev Series 2023A, 5% 10/1/2034
|
230,000
|
262,250
|
|
San Francisco CA Pub Util Comm Wtr Rev Series 2020 SUB A, 5% 11/1/2050
|
185,000
|
192,916
|
|
San Mateo Foster City Calif Pub Fing Auth Wastewater Rev (City of San Mateo CA Sewer Revenue Proj.) Series 2019, 5% 8/1/2049
|
15,000
|
15,712
|
|
Upper Santa Clara Vy Jt Pwrs Auth Calif Rev Series 2020 A, 4% 8/1/2050
|
85,000
|
81,994
|
|
TOTAL WATER & SEWER
|
3,210,036
|
||
TOTAL CALIFORNIA
|
38,902,729
|
||
Colorado - 1.7%
|
|||
General Obligations - 0.3%
|
|||
Colorado Ctfs of Prtn (Colorado St Proj.) Series 2020 A, 3% 12/15/2036
|
105,000
|
99,089
|
|
Colorado Ctfs of Prtn (Colorado St Proj.) Series 2021A, 4% 12/15/2038
|
285,000
|
289,111
|
|
Denver CO Cty & Cnty Sch Dis 1 Series 2025A, 5.25% 12/1/2038
|
160,000
|
184,696
|
|
TOTAL GENERAL OBLIGATIONS
|
572,896
|
||
Health Care - 0.9%
|
|||
Colorado Health Facilities Authority (Advent Health Proj.) Series 2018A, 4% 11/15/2048
|
150,000
|
134,591
|
|
Colorado Health Facilities Authority (Advent Health Proj.) Series 2021 A, 4% 11/15/2050
|
20,000
|
17,944
|
|
Colorado Health Facilities Authority (Advent Health Proj.) Series A 1, 5% tender 11/15/2058 (d)
|
290,000
|
303,359
|
|
Colorado Health Facilities Authority (CommonSpirit Health Proj.) Series 2019 A 1, 4% 8/1/2037
|
135,000
|
135,252
|
|
Colorado Health Facilities Authority (CommonSpirit Health Proj.) Series 2019 A 1, 4% 8/1/2039
|
655,000
|
649,367
|
|
Colorado Health Facilities Authority (CommonSpirit Health Proj.) Series 2019 A 1, 4% 8/1/2044
|
55,000
|
52,688
|
|
Colorado Health Facilities Authority (CommonSpirit Health Proj.) Series 2019 A 1, 5% 8/1/2032
|
120,000
|
126,054
|
|
Colorado Health Facilities Authority (IHC Health Services Inc Proj.) Series 2019 A, 5% 1/1/2030
|
105,000
|
112,985
|
|
Colorado Health Facilities Authority (IHC Health Services Inc Proj.) Series 2022 A, 4% 5/15/2052
|
190,000
|
171,313
|
|
TOTAL HEALTH CARE
|
1,703,553
|
||
Transportation - 0.5%
|
|||
Denver CO City & Cnty Arpt 5% 11/15/2042 (c)
|
165,000
|
174,698
|
|
Denver CO City & Cnty Arpt Series 2017 A, 5% 11/15/2028 (c)
|
30,000
|
30,858
|
|
Denver CO City & Cnty Arpt Series 2018 A, 5% 12/1/2036 (c)
|
60,000
|
67,300
|
|
Denver CO City & Cnty Arpt Series 2022A, 5% 11/15/2041 (c)
|
245,000
|
260,333
|
|
Denver CO City & Cnty Arpt Series 2022B, 5% 11/15/2047
|
150,000
|
157,468
|
|
E-470 Pub Hwy Auth Colo Rev 0% 9/1/2030 (National Public Finance Guarantee Corporation Insured) (b)
|
25,000
|
22,240
|
|
E-470 Pub Hwy Auth Colo Rev 0% 9/1/2031 (National Public Finance Guarantee Corporation Insured) (b)
|
50,000
|
43,041
|
|
E-470 Pub Hwy Auth Colo Rev 0% 9/1/2032 (National Public Finance Guarantee Corporation Insured) (b)
|
25,000
|
20,786
|
|
E-470 Pub Hwy Auth Colo Rev 0% 9/1/2037 (National Public Finance Guarantee Corporation Insured) (b)
|
100,000
|
57,276
|
|
TOTAL TRANSPORTATION
|
834,000
|
||
TOTAL COLORADO
|
3,110,449
|
||
Connecticut - 1.4%
|
|||
Education - 0.0%
|
|||
Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2015A, 5% 7/1/2035
|
110,000
|
128,064
|
|
General Obligations - 0.8%
|
|||
Connecticut St Gen. Oblig. 4% 6/1/2031
|
30,000
|
31,307
|
|
Connecticut St Gen. Oblig. Series 2018 D, 5% 4/15/2027
|
105,000
|
107,094
|
|
Connecticut St Gen. Oblig. Series 2018 E, 5% 9/15/2028
|
370,000
|
389,835
|
|
Connecticut St Gen. Oblig. Series 2019 A, 5% 4/15/2027
|
25,000
|
25,498
|
|
Connecticut St Gen. Oblig. Series 2019 A, 5% 4/15/2035
|
480,000
|
505,994
|
|
Connecticut St Gen. Oblig. Series 2025A, 5% 3/15/2033
|
210,000
|
237,681
|
|
Connecticut St Gen. Oblig. Series A, 5% 4/15/2027
|
25,000
|
25,499
|
|
Connecticut St Gen. Oblig. Series E, 3.375% 10/15/2036
|
175,000
|
173,609
|
|
TOTAL GENERAL OBLIGATIONS
|
1,496,517
|
||
Special Tax - 0.6%
|
|||
Connecticut St Spl Tax Oblig 4% 5/1/2037
|
35,000
|
35,854
|
|
Connecticut St Spl Tax Oblig Series 2018 A, 5% 1/1/2027
|
35,000
|
35,438
|
|
Connecticut St Spl Tax Oblig Series 2018 B, 5% 10/1/2028
|
120,000
|
126,549
|
|
Connecticut St Spl Tax Oblig Series 2018 B, 5% 10/1/2033
|
10,000
|
10,468
|
|
Connecticut St Spl Tax Oblig Series 2018 B, 5% 10/1/2036
|
85,000
|
88,522
|
|
Connecticut St Spl Tax Oblig Series 2020 A, 5% 5/1/2030
|
200,000
|
217,283
|
|
Connecticut St Spl Tax Oblig Series 2023B, 5% 7/1/2031
|
265,000
|
293,240
|
|
Connecticut St Spl Tax Oblig Series A, 4% 9/1/2035
|
145,000
|
145,285
|
|
Connecticut St Spl Tax Oblig Series A, 5% 9/1/2030
|
60,000
|
60,216
|
|
Connecticut St Spl Tax Oblig Series A, 5% 9/1/2031
|
5,000
|
5,018
|
|
TOTAL SPECIAL TAX
|
1,017,873
|
||
TOTAL CONNECTICUT
|
2,642,454
|
||
Delaware - 0.1%
|
|||
General Obligations - 0.0%
|
|||
Delaware St Gen. Oblig. Series 2021, 5% 2/1/2029
|
45,000
|
47,856
|
|
Health Care - 0.1%
|
|||
Delaware St Hlth Facs Auth Rev (Christiana Health Svcs Proj.) Series 2020 A, 4% 10/1/2049
|
155,000
|
139,138
|
|
TOTAL DELAWARE
|
186,994
|
||
District Of Columbia - 0.9%
|
|||
Education - 0.0%
|
|||
District Columbia Univ Rev (Georgetown Univ, DC Proj.) Series 2017, 5% 4/1/2031
|
25,000
|
25,365
|
|
General Obligations - 0.4%
|
|||
District Columbia Gen. Oblig. 5% 10/15/2044
|
15,000
|
15,567
|
|
District Columbia Gen. Oblig. Series 2017D, 5% 6/1/2042
|
35,000
|
35,500
|
|
District Columbia Gen. Oblig. Series 2019 A, 5% 10/15/2031
|
95,000
|
100,756
|
|
District Columbia Gen. Oblig. Series 2019 A, 5% 10/15/2040
|
295,000
|
307,757
|
|
District Columbia Gen. Oblig. Series 2024B, 5% 8/1/2033
|
300,000
|
341,061
|
|
TOTAL GENERAL OBLIGATIONS
|
800,641
|
||
Special Tax - 0.4%
|
|||
District Columbia Income Tax Rev Series 2019 C, 5% 10/1/2029
|
190,000
|
204,375
|
|
District Columbia Income Tax Rev Series 2019 C, 5% 10/1/2030
|
120,000
|
128,759
|
|
District Columbia Income Tax Rev Series 2019 C, 5% 10/1/2033
|
205,000
|
218,485
|
|
District Columbia Income Tax Rev Series 2020 C, 4% 5/1/2040
|
195,000
|
195,284
|
|
TOTAL SPECIAL TAX
|
746,903
|
||
Water & Sewer - 0.1%
|
|||
District Columbia Wtr & Swr Auth Pub Util Rev Series 2019 A, 5% 10/1/2044
|
130,000
|
135,433
|
|
TOTAL DISTRICT OF COLUMBIA
|
1,708,342
|
||
District Of Columbia,Maryland,Virginia - 0.2%
|
|||
Special Tax - 0.2%
|
|||
Washington DC Met Area Tran Auth Rev Series 2017B, 5% 7/1/2042
|
70,000
|
71,064
|
|
Washington Metropolitan Area Transit Authority 5.5% 7/15/2060
|
110,000
|
118,185
|
|
Washington Metropolitan Area Transit Authority Series 2021 A, 5% 7/15/2046
|
150,000
|
155,663
|
|
TOTAL DISTRICT OF COLUMBIA,MARYLAND,VIRGINIA
|
344,912
|
||
District Of Columbia,Virginia - 0.4%
|
|||
Transportation - 0.4%
|
|||
Metropolitan Wash DC Arpts Ath Series 2018 A, 5% 10/1/2027 (c)
|
65,000
|
66,765
|
|
Metropolitan Wash DC Arpts Ath Series 2021 A, 4% 10/1/2041 (c)
|
205,000
|
200,379
|
|
Metropolitan Wash DC Arpts Ath Series 2025A, 5.5% 10/1/2055 (c)
|
100,000
|
106,909
|
|
Metropolitan Wash DC Arpts Auth Dulles Toll Rd Rev 0% 10/1/2031 (Assured Guaranty Inc Insured) (b)
|
35,000
|
29,418
|
|
Metropolitan Wash DC Arpts Auth Dulles Toll Rd Rev 0% 10/1/2034 (Assured Guaranty Inc Insured) (b)
|
70,000
|
52,005
|
|
Metropolitan Wash DC Arpts Auth Dulles Toll Rd Rev 0% 10/1/2036 (Assured Guaranty Inc Insured) (b)
|
20,000
|
13,568
|
|
Metropolitan Wash DC Arpts Auth Dulles Toll Rd Rev Series 2019 B, 3% 10/1/2050 (Assured Guaranty Inc Insured)
|
130,000
|
96,128
|
|
Metropolitan Wash DC Arpts Auth Dulles Toll Rd Rev Series 2019 B, 4% 10/1/2044
|
100,000
|
96,605
|
|
Metropolitan Wash DC Arpts Auth Dulles Toll Rd Rev Series 2019 B, 4% 10/1/2053
|
45,000
|
39,228
|
|
TOTAL DISTRICT OF COLUMBIA,VIRGINIA
|
701,005
|
||
Florida - 3.0%
|
|||
Education - 0.1%
|
|||
Miami-Dade Cnty FL Edl Fac Rev (University of Miami, FL Proj.) Series 2015A, 4% 4/1/2045
|
100,000
|
96,474
|
|
Electric Utilities - 0.1%
|
|||
Jacksonville FL Elec Auth Sys Rev Series 2017B, 5% 10/1/2027
|
125,000
|
128,774
|
|
Jacksonville FL Elec Auth Sys Rev Series THREE 2024A, 5% 10/1/2032 (Assured Guaranty Inc Insured)
|
100,000
|
112,556
|
|
Putnam Cnty Fla Dev Auth Pcr (Seminole Electric Coop Inc Proj.) Series 2018 A, 5% 3/15/2042
|
90,000
|
91,498
|
|
TOTAL ELECTRIC UTILITIES
|
332,828
|
||
Escrowed/Pre-Refunded - 0.0%
|
|||
Greater Orlando Aviation Auth 5% 10/1/2030 (Pre-refunded to 10/1/2027 at 100) (c)
|
60,000
|
61,737
|
|
General Obligations - 0.3%
|
|||
Florida St Gen. Oblig. Series 2021 B, 5% 7/1/2032
|
115,000
|
129,837
|
|
Hillsborough Cnty FL Sch Brd 5% 7/1/2029
|
75,000
|
79,971
|
|
Miami-Dade Cnty FL Seaport Rev (Miami-Dade Cnty FL Proj.) Series SUB 2021 B2, 4% 10/1/2043
|
160,000
|
159,806
|
|
Miami-Dade Cnty FL Spl Oblig Series 2023 A, 5% 4/1/2048
|
160,000
|
165,639
|
|
TOTAL GENERAL OBLIGATIONS
|
535,253
|
||
Health Care - 0.5%
|
|||
Hillsborough Cnty Fla Indl Dev Auth Health Sys Rev (Baycare Health System Proj.) Series 2024C, 5.25% 11/15/2049
|
100,000
|
106,279
|
|
Orange Cnty FL Health Facs Auth Rev (Orange County Health Facilities Authority Proj.) Series 2016B, 4% 10/1/2045
|
65,000
|
61,238
|
|
Orange Cnty FL Health Facs Auth Rev (Orange County Health Facilities Authority Proj.) Series 2022, 4% 10/1/2052
|
190,000
|
169,152
|
|
Palm Beach Cnty FL Health Facs Auth Retirement Cmnty Rev (Acts Ret-Life Cmntys Inc Proj.) Series 2016, 5% 11/15/2032
|
25,000
|
25,089
|
|
South Miami FL Hlth Fcs Hsp Rv (Baptist Health Sys of So FL Proj.) Series 2017, 5% 8/15/2032
|
520,000
|
531,731
|
|
Tampa FL Health Sys Rev (Baycare Health System Proj.) Series 2016 A, 4% 11/15/2046
|
140,000
|
132,706
|
|
TOTAL HEALTH CARE
|
1,026,195
|
||
Special Tax - 0.2%
|
|||
County of Broward FL Tourist Development Tax Revenue Series 2021, 4% 9/1/2051
|
225,000
|
199,772
|
|
Miami-Dade Cnty FL Spl Oblig 0% 10/1/2044 (b)
|
155,000
|
71,741
|
|
Miami-Dade Cnty FL Spl Oblig 0% 10/1/2046 (b)
|
10,000
|
4,100
|
|
Miami-Dade Cnty FL Spl Oblig Series 2009, 0% 10/1/2047 (b)
|
50,000
|
19,296
|
|
Miami-Dade Cnty FL Spl Oblig Series 2016, 0% 10/1/2031 (b)
|
5,000
|
4,104
|
|
Miami-Dade Cnty FL Spl Oblig Series 2016, 0% 10/1/2032 (b)
|
15,000
|
11,789
|
|
Miami-Dade Cty FL Sports Fac Tax 0% 10/1/2048 (Assured Guaranty Inc Insured) (b)
|
15,000
|
5,551
|
|
Orange Cnty FL Tourist Dev Tax Series 2016 B, 4% 10/1/2036
|
30,000
|
30,099
|
|
Tampa FL Tax Alloc 0% 9/1/2053 (b)
|
5,000
|
1,243
|
|
TOTAL SPECIAL TAX
|
347,695
|
||
Transportation - 0.7%
|
|||
Broward Cnty FL Arpt Sys Rev Series 2019 A, 5% 10/1/2049 (c)
|
100,000
|
101,030
|
|
Florida St Dept Transn Tpk Rev Series 2016 B, 2.625% 7/1/2027
|
60,000
|
59,974
|
|
Florida St Dept Transn Tpk Rev Series 2025C, 5% 7/1/2055
|
100,000
|
104,372
|
|
Greater Orlando Aviation Auth 5% 10/1/2036 (c)
|
160,000
|
162,934
|
|
Greater Orlando Aviation Auth Series 2022 A, 4% 10/1/2052 (c)
|
230,000
|
205,557
|
|
Miami-Dade Cnty FL Aviat Rev 4% 10/1/2039
|
130,000
|
130,371
|
|
Miami-Dade Cnty FL Aviat Rev 5% 10/1/2041
|
20,000
|
20,110
|
|
Miami-Dade Cnty FL Aviat Rev Series 2019A, 5% 10/1/2049 (c)
|
320,000
|
322,242
|
|
Orlando-Orange County Expressway Authority (Central Florida Expressway Authority Proj.) Series 2016 B, 4% 7/1/2040
|
20,000
|
19,999
|
|
Orlando-Orange County Expressway Authority (Central Florida Expressway Authority Proj.) Series 2019 B, 5% 7/1/2044
|
125,000
|
130,295
|
|
TOTAL TRANSPORTATION
|
1,256,884
|
||
Water & Sewer - 1.1%
|
|||
Broward Cnty FL Wtr & Swr Util Series 2019 A, 4% 10/1/2043
|
200,000
|
197,547
|
|
JEA FL Wtr & Swr Sys Rev Series 2020 A, 3% 10/1/2036
|
475,000
|
454,359
|
|
Miami Beach Fla Wtr & Swr Rev Series 2017, 5% 9/1/2047
|
115,000
|
116,122
|
|
Miami-Dade Cnty FL Wtr & Swr Rev Series 2017 B, 3.125% 10/1/2039
|
85,000
|
78,391
|
|
Miami-Dade Cnty FL Wtr & Swr Rev Series 2017A, 4% 10/1/2039
|
75,000
|
75,105
|
|
Miami-Dade Cnty FL Wtr & Swr Rev Series 2017A, 4% 10/1/2040
|
250,000
|
250,293
|
|
Miami-Dade Cnty FL Wtr & Swr Rev Series 2019 B, 3% 10/1/2049
|
10,000
|
7,572
|
|
Miami-Dade Cnty FL Wtr & Swr Rev Series 2019, 5% 10/1/2046
|
165,000
|
168,925
|
|
Miami-Dade Cnty FL Wtr & Swr Rev Series 2024A, 4.125% 10/1/2050
|
160,000
|
151,163
|
|
Tampa Bay Water Series 2020 A, 5% 10/1/2054
|
260,000
|
268,333
|
|
TOTAL WATER & SEWER
|
1,767,810
|
||
TOTAL FLORIDA
|
5,424,876
|
||
Georgia - 2.5%
|
|||
Education - 0.2%
|
|||
Private Colgs & Unvs Ath GA Rv (Emory University GA Proj.) Series 2020 B, 4% 9/1/2041
|
245,000
|
244,971
|
|
Private Colgs & Unvs Ath GA Rv (Emory University GA Proj.) Series 2020 B, 5% 9/1/2030
|
100,000
|
109,212
|
|
TOTAL EDUCATION
|
354,183
|
||
Electric Utilities - 0.1%
|
|||
Burke Cnty GA Dev Auth Pcr (Oglethorpe Power Corp Proj.) Series 2017 D, 4.125% 11/1/2045
|
20,000
|
19,554
|
|
Georgia Mun Elec Auth Pwr Rev Series HH, 4.125% 1/1/2049 (Assured Guaranty Inc Insured)
|
175,000
|
168,590
|
|
TOTAL ELECTRIC UTILITIES
|
188,144
|
||
General Obligations - 1.7%
|
|||
Georgia St Gen. Oblig. Series 2018A, 3% 7/1/2033
|
25,000
|
24,885
|
|
Georgia St Gen. Oblig. Series 2018A, 4% 7/1/2034
|
155,000
|
158,021
|
|
Georgia St Gen. Oblig. Series 2018A, 5% 7/1/2027
|
5,000
|
5,135
|
|
Georgia St Gen. Oblig. Series 2021 A, 4% 7/1/2035
|
105,000
|
109,675
|
|
Georgia St Gen. Oblig. Series 2022C, 5% 7/1/2031
|
215,000
|
239,326
|
|
Gwinnett Cnty GA Sch Dist Series 2019, 5% 2/1/2039
|
100,000
|
104,648
|
|
Main Street Natural Gas Inc 4% tender 5/1/2052 (Citigroup Inc Guaranteed) (d)
|
200,000
|
203,133
|
|
Main Street Natural Gas Inc Series 2019 A, 4% 5/15/2039 (Macquarie Group Ltd Guaranteed)
|
235,000
|
230,590
|
|
Main Street Natural Gas Inc Series 2022A, 4% tender 9/1/2052 (Citigroup Inc Guaranteed) (d)
|
1,000,000
|
1,018,881
|
|
Main Street Natural Gas Inc Series 2024 A 1, 5% tender 5/1/2054 (Royal Bank of Canada Guaranteed) (d)
|
700,000
|
748,267
|
|
Main Street Natural Gas Inc Series 2024E, 5% tender 5/1/2055 (Citigroup Inc Guaranteed) (d)
|
230,000
|
245,311
|
|
TOTAL GENERAL OBLIGATIONS
|
3,087,872
|
||
Health Care - 0.4%
|
|||
Brookhaven Development Authority (Childrens Healthcare of Atlanta Proj.) Series 2019 A, 4% 7/1/2049
|
105,000
|
97,321
|
|
Cobb Cnty GA Kennestone Hosp Series 2022A, 4% 4/1/2052
|
70,000
|
63,455
|
|
Gainesville & Hall Cnty GA Hsp Ath Rev (Northeast Georgia Healthcare Proj.) Series A, 5% 2/15/2045
|
255,000
|
256,340
|
|
Griffin-Spalding Cnty GA Hosp Rev (Wellstar Health System Inc Proj.) 3.75% 4/1/2047
|
275,000
|
242,166
|
|
Savannah GA Candler Hosp (St Joseph Candler Health Proj.) Series 2019A, 3.125% 7/1/2044
|
110,000
|
94,287
|
|
TOTAL HEALTH CARE
|
753,569
|
||
Transportation - 0.1%
|
|||
Atlanta GA Arpt Rev Series 2019 B, 4% 7/1/2049 (c)
|
125,000
|
114,551
|
|
Georgia Port Authority Series 2021, 3% 7/1/2046
|
150,000
|
121,173
|
|
TOTAL TRANSPORTATION
|
235,724
|
||
Water & Sewer - 0.0%
|
|||
County of Paulding GA Water & Sewerage Revenue Series 2016, 3% 12/1/2048
|
20,000
|
15,513
|
|
TOTAL GEORGIA
|
4,635,005
|
||
Hawaii - 0.3%
|
|||
General Obligations - 0.2%
|
|||
Hawaii St Gen. Oblig. Series 2018 FT, 5% 1/1/2027
|
50,000
|
50,613
|
|
Hawaii St Gen. Oblig. Series 2018 FT, 5% 1/1/2032
|
65,000
|
67,188
|
|
Hawaii St Gen. Oblig. Series FG, 5% 10/1/2030
|
30,000
|
30,178
|
|
Honolulu HI City & Cnty Gen. Oblig. Series 2020 B, 5% 3/1/2028
|
165,000
|
172,139
|
|
TOTAL GENERAL OBLIGATIONS
|
320,118
|
||
Transportation - 0.1%
|
|||
Hawaii St Arpts Sys Rev Series 2020 A, 4% 7/1/2035 (c)
|
80,000
|
80,345
|
|
Hawaii St Arpts Sys Rev Series 2020 D, 4% 7/1/2039
|
100,000
|
101,260
|
|
TOTAL TRANSPORTATION
|
181,605
|
||
TOTAL HAWAII
|
501,723
|
||
Idaho - 0.2%
|
|||
Health Care - 0.1%
|
|||
Idaho Health Facs Auth Rev (St Lukes Regional Med Ctr, Id Proj.) 5% tender 3/1/2060 (d)
|
190,000
|
206,673
|
|
Transportation - 0.1%
|
|||
Idaho Hsg & Fin Assn (Idaho St Garvee Proj.) Series 2021A, 4% 7/15/2038
|
105,000
|
106,177
|
|
TOTAL IDAHO
|
312,850
|
||
Illinois - 4.7%
|
|||
Education - 0.2%
|
|||
Illinois Fin Auth Rev (Rosalind Franklin University Proj.) Series A, 5% 8/1/2042
|
50,000
|
50,062
|
|
Illinois Fin Auth Rev (Univ of Chicago, IL Proj.) Series 2018 A, 5% 10/1/2048
|
20,000
|
20,189
|
|
Illinois Finance Authority Rev (Bradley University Proj.) Series 2021 A, 4% 8/1/2043
|
80,000
|
72,014
|
|
Illinois Finance Authority Rev (Univ of Chicago, IL Proj.) Series 2021 A, 5% 10/1/2032
|
100,000
|
111,657
|
|
Illinois Finance Authority Rev (Univ of Chicago, IL Proj.) Series 2024 A, 5% 4/1/2033
|
35,000
|
39,301
|
|
Illinois Finance Authority Rev (Univ of Chicago, IL Proj.) Series 2024 A, 5.25% 4/1/2045
|
20,000
|
21,631
|
|
Illinois Finance Authority Rev (Univ of Chicago, IL Proj.) Series 2024B, 5% 4/1/2034
|
15,000
|
17,006
|
|
TOTAL EDUCATION
|
331,860
|
||
General Obligations - 1.8%
|
|||
Chicago IL Gen. Oblig. 5% 1/1/2041
|
370,000
|
374,326
|
|
Chicago IL Gen. Oblig. Series 1999, 0% 1/1/2033 (b)
|
50,000
|
39,028
|
|
Chicago IL Gen. Oblig. Series 2019A, 5% 1/1/2040
|
90,000
|
90,425
|
|
Chicago IL Gen. Oblig. Series 2021 A, 4% 1/1/2035
|
35,000
|
33,991
|
|
Cook Cnty IL Gen. Oblig. Series 2018, 5% 11/15/2034
|
100,000
|
100,687
|
|
Illinois St Gen. Oblig. 5% 12/1/2036
|
25,000
|
27,250
|
|
Illinois St Gen. Oblig. Series 2017 A, 4.5% 12/1/2041
|
35,000
|
35,051
|
|
Illinois St Gen. Oblig. Series 2017C, 5% 11/1/2029
|
10,000
|
10,299
|
|
Illinois St Gen. Oblig. Series 2017D, 3.25% 11/1/2026
|
40,000
|
40,054
|
|
Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2028
|
140,000
|
144,199
|
|
Illinois St Gen. Oblig. Series 2019 C, 4% 11/1/2044
|
25,000
|
23,561
|
|
Illinois St Gen. Oblig. Series DECEMBER 2021 A, 5% 12/1/2031
|
20,000
|
21,862
|
|
Illinois St Gen. Oblig. Series DECEMBER 2021 B, 3% 12/1/2041
|
390,000
|
323,509
|
|
Illinois St Gen. Oblig. Series JUNE 2016, 3.5% 6/1/2030
|
210,000
|
210,015
|
|
Illinois St Gen. Oblig. Series JUNE 2016, 3.5% 6/1/2031
|
70,000
|
69,999
|
|
Illinois St Gen. Oblig. Series MARCH 2021 A, 5% 3/1/2027
|
50,000
|
50,747
|
|
Illinois St Gen. Oblig. Series MARCH 2021 A, 5% 3/1/2030
|
160,000
|
171,454
|
|
Illinois St Gen. Oblig. Series MAY 2023D, 5% 7/1/2032
|
160,000
|
175,770
|
|
Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2037
|
780,000
|
851,273
|
|
Illinois St Gen. Oblig. Series MAY 2024 B, 5.25% 5/1/2049
|
100,000
|
103,626
|
|
Illinois St Gen. Oblig. Series OCT 2020 C, 4% 10/1/2040
|
85,000
|
82,661
|
|
Illinois St Gen. Oblig. Series OCTOBER 2024, 5% 2/1/2030
|
80,000
|
85,635
|
|
Illinois St Gen. Oblig. Series OCTOBER 2024, 5% 2/1/2033
|
185,000
|
204,136
|
|
TOTAL GENERAL OBLIGATIONS
|
3,269,558
|
||
Health Care - 0.2%
|
|||
Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2016, 3.25% 5/15/2039
|
160,000
|
140,751
|
|
Illinois Fin Auth Rev (Riverside Health System, IL Proj.) Series 2016, 3.25% 11/15/2045
|
15,000
|
12,838
|
|
Illinois Finance Authority Rev (Advocate Aurora Health Inc Proj.) Series 2015, 4.125% 5/1/2045
|
125,000
|
118,137
|
|
Illinois Finance Authority Rev (Osf Healthcare System Proj.) Series 2020 A, 3% 5/15/2050
|
80,000
|
57,109
|
|
TOTAL HEALTH CARE
|
328,835
|
||
Housing - 0.1%
|
|||
Illinois Housing Development Authority Series 2023 H, 5.75% 10/1/2053
|
195,000
|
207,360
|
|
Special Tax - 0.9%
|
|||
Chicago IL Board of Education Series 2016, 5.75% 4/1/2035
|
100,000
|
101,132
|
|
Chicago Ill Tran Auth Sales Tax Rcpts Rev Series 2024A, 5% 12/1/2044
|
290,000
|
312,609
|
|
Illinois St Sales Tax Rev Series DECEMBER 2025 B, 5% 6/15/2036
|
340,000
|
379,328
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 12/15/2031 (National Public Finance Guarantee Corporation Insured) (b)
|
30,000
|
24,986
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 12/15/2034 (National Public Finance Guarantee Corporation Insured) (b)
|
20,000
|
14,755
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 12/15/2038 (National Public Finance Guarantee Corporation Insured) (b)
|
10,000
|
6,137
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2032 (National Public Finance Guarantee Corporation Insured) (b)
|
20,000
|
16,350
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2036 (National Public Finance Guarantee Corporation Insured) (b)
|
35,000
|
24,170
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2037 (National Public Finance Guarantee Corporation Insured) (b)
|
170,000
|
111,957
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2038 (National Public Finance Guarantee Corporation Insured) (b)
|
90,000
|
56,557
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2047 (Assured Guaranty Inc Insured) (b)
|
650,000
|
253,654
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev Series 2002 A, 0% 12/15/2026 (b)
|
95,000
|
93,708
|
|
Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev Series 2017 B, 0% 12/15/2056 (Assured Guaranty Inc Insured) (b)
|
15,000
|
3,521
|
|
Sales Tax Securitization Corp Series 2017 A, 5% 1/1/2028
|
50,000
|
51,698
|
|
Sales Tax Securitization Corp Series 2024 A, 5% 1/1/2036
|
250,000
|
279,177
|
|
TOTAL SPECIAL TAX
|
1,729,739
|
||
Transportation - 1.5%
|
|||
Chicago IL Midway Arpt Rev Series 2025 B, 5% 1/1/2055
|
165,000
|
170,016
|
|
Chicago IL O'Hare Intl Arpt Rev 5% 1/1/2037
|
60,000
|
62,653
|
|
Chicago IL O'Hare Intl Arpt Rev Series 2018 B, 5% 1/1/2038
|
20,000
|
20,843
|
|
Chicago IL O'Hare Intl Arpt Rev Series 2018 B, 5% 1/1/2048
|
10,000
|
10,188
|
|
Chicago IL O'Hare Intl Arpt Rev Series 2018A, 4% 1/1/2043 (Build America Mutual Assurance Co Insured) (c)
|
35,000
|
33,342
|
|
Chicago IL O'Hare Intl Arpt Rev Series 2018A, 4.375% 1/1/2053 (c)
|
455,000
|
434,627
|
|
Chicago IL O'Hare Intl Arpt Rev Series 2024 B, 5.25% 1/1/2053
|
155,000
|
162,418
|
|
Chicago IL O'Hare Intl Arpt Rev Series 2025E, 5% 1/1/2060 (Build America Mutual Assurance Co Insured) (c)
|
140,000
|
140,645
|
|
Chicago IL O'Hare Intl Arpt Rev Series 2025E, 5.5% 1/1/2060 (c)
|
210,000
|
220,067
|
|
Chicago IL O'Hare Intl Arpt Rev Series D, 5% 1/1/2047
|
370,000
|
371,589
|
|
Illinois St Toll Hwy Auth Hwy Rev 5% 1/1/2040
|
25,000
|
25,029
|
|
Illinois St Toll Hwy Auth Hwy Rev 5% 12/1/2031
|
50,000
|
50,086
|
|
Illinois St Toll Hwy Auth Hwy Rev Series 2019 B, 5% 1/1/2027
|
25,000
|
25,299
|
|
Illinois St Toll Hwy Auth Hwy Rev Series 2019 B, 5% 1/1/2030
|
50,000
|
53,906
|
|
Illinois St Toll Hwy Auth Hwy Rev Series 2019 C, 5% 1/1/2030
|
95,000
|
102,422
|
|
Illinois St Toll Hwy Auth Hwy Rev Series 2019 C, 5% 1/1/2031
|
120,000
|
129,126
|
|
Illinois St Toll Hwy Auth Hwy Rev Series 2020 A, 5% 1/1/2045
|
145,000
|
152,107
|
|
Illinois St Toll Hwy Auth Hwy Rev Series 2023 A, 5% 1/1/2044
|
40,000
|
43,169
|
|
Illinois St Toll Hwy Auth Hwy Rev Series 2024 A, 5% 1/1/2033
|
405,000
|
456,796
|
|
TOTAL TRANSPORTATION
|
2,664,328
|
||
Water & Sewer - 0.0%
|
|||
Chicago IL Wtr Rev Series 2000, 5% 11/1/2030
|
15,000
|
15,112
|
|
TOTAL ILLINOIS
|
8,546,792
|
||
Indiana - 0.5%
|
|||
General Obligations - 0.2%
|
|||
Fishers Town Hall Bldg Corp Ind Lease Rent Rev Series 2023 A, 5.75% 7/15/2058 (Build America Mutual Assurance Co Insured)
|
345,000
|
376,050
|
|
Health Care - 0.2%
|
|||
Indiana Fin Auth Health Sys Rev (Franciscan Alliance Proj.) Series 2017 C, 5% 11/1/2032
|
70,000
|
71,754
|
|
Indiana Fin Auth Health Sys Rev (Indiana University Health Proj.) Series 2023A, 5% 10/1/2053
|
175,000
|
180,611
|
|
Indiana Health & Edl Fac Fing Auth Rev (Ascension Health Credit Group Proj.) Series 2006B 8, 5% 11/15/2046
|
100,000
|
100,407
|
|
TOTAL HEALTH CARE
|
352,772
|
||
Special Tax - 0.0%
|
|||
Indianapolis IN Loc Pub Impt Bd Bank Series 2019A, 5% 2/1/2054
|
25,000
|
25,404
|
|
Transportation - 0.1%
|
|||
Indianapolis Local Public Improvement Bond Bank (Indianapolis IN Arpt Auth Rev Proj.) Series 2025D, 5% 1/15/2034
|
115,000
|
130,048
|
|
Water & Sewer - 0.0%
|
|||
Indiana Finance Authority Series 2021 1, 3% 10/1/2040
|
45,000
|
39,322
|
|
Indianapolis IN Loc Pub Impt Bond Bank 0% 2/1/2028 (Ambac Assurance Corp Insured) (b)
|
5,000
|
4,755
|
|
TOTAL WATER & SEWER
|
44,077
|
||
TOTAL INDIANA
|
928,351
|
||
Iowa - 0.0%
|
|||
General Obligations - 0.0%
|
|||
Iowa St Spl Oblig (Iowa St Proj.) Series 2019 A, 5% 6/1/2033
|
30,000
|
31,706
|
|
Kansas - 0.0%
|
|||
General Obligations - 0.0%
|
|||
Johnson & Miami Cntys Kans Uni Sch Dist No 230 Series B, 3% 9/1/2037
|
30,000
|
27,821
|
|
Kentucky - 1.5%
|
|||
Electric Utilities - 0.1%
|
|||
Kentucky St Mun Pwr Agy Pwr Sys Rev Series 2015A, 4% 9/1/2039
|
160,000
|
153,890
|
|
Kentucky St Mun Pwr Agy Pwr Sys Rev Series 2015A, 5% 9/1/2042
|
5,000
|
5,002
|
|
TOTAL ELECTRIC UTILITIES
|
158,892
|
||
General Obligations - 1.1%
|
|||
Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2022 A 1, 4% tender 8/1/2052 (Morgan Stanley Guaranteed) (d)
|
100,000
|
101,469
|
|
Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5.25% tender 6/1/2055 (Morgan Stanley Guaranteed) (d)
|
1,530,000
|
1,621,056
|
|
Kentucky St Pty & Bldgs Commn (Kentucky St Proj.) Series 2025A, 5% 9/1/2033
|
125,000
|
141,197
|
|
Kentucky St Pty & Bldgs Commn (Kentucky St Proj.) Series 2025A, 5% 9/1/2039
|
100,000
|
112,316
|
|
Kentucky St Pty & Bldgs Commn (Kentucky St Proj.) Series B, 5% 11/1/2028
|
30,000
|
30,256
|
|
TOTAL GENERAL OBLIGATIONS
|
2,006,294
|
||
Health Care - 0.0%
|
|||
Kentucky Econ Dev Fin Auth Hosp Sys Rev (Baptist Healthcare System Obligated Group Proj.) 5% 8/15/2041
|
120,000
|
121,598
|
|
Resource Recovery - 0.2%
|
|||
Carroll Cnty KY Environmental Facs Rev (Kentucky Utilities Co Proj.) Series 2008 A, 2% 2/1/2032 (c)
|
365,000
|
325,848
|
|
Water & Sewer - 0.1%
|
|||
Louisville & Jefferson KY Swr Sys Rev Series 2016 A, 3% 5/15/2046
|
70,000
|
57,805
|
|
Louisville & Jefferson KY Swr Sys Rev Series 2017 A, 3.25% 5/15/2046
|
100,000
|
86,583
|
|
TOTAL WATER & SEWER
|
144,388
|
||
TOTAL KENTUCKY
|
2,757,020
|
||
Louisiana - 0.4%
|
|||
Health Care - 0.3%
|
|||
Louisiana Loc Govt Environmental Facs & Cmnty Dv Auth (Womens Hospital Foundation Proj.) Series 2017 A, 4% 10/1/2041
|
50,000
|
48,198
|
|
Louisiana Pub Facs Auth Rev (Ochsner Clinic Foundation Proj.) Series 2015, 5% 5/15/2047
|
190,000
|
190,022
|
|
Louisiana Pub Facs Rev (Ochsner Clinic Foundation Proj.) Series 2017, 4% 5/15/2037
|
130,000
|
128,386
|
|
Louisiana Pub Facs Rev (Ochsner Clinic Foundation Proj.) Series 2020 A, 4% 5/15/2049
|
170,000
|
151,635
|
|
TOTAL HEALTH CARE
|
518,241
|
||
Special Tax - 0.0%
|
|||
Jefferson LA Sales Tax Dist Series 2019 B, 4% 12/1/2042 (Assured Guaranty Inc Insured)
|
5,000
|
4,926
|
|
Transportation - 0.1%
|
|||
Louisiana St Grnt Antic Rev 5% 9/1/2034
|
105,000
|
118,006
|
|
TOTAL LOUISIANA
|
641,173
|
||
Maryland - 1.0%
|
|||
General Obligations - 0.6%
|
|||
State of Maryland Gen. Oblig. Series 2018 A, 5% 3/15/2030
|
30,000
|
31,210
|
|
State of Maryland Gen. Oblig. Series 2020 SECOND A, 5% 8/1/2029
|
175,000
|
188,019
|
|
State of Maryland Gen. Oblig. Series FIRST 2022 A, 5% 6/1/2032
|
175,000
|
197,452
|
|
State of Maryland Gen. Oblig. Series FIRST, 5% 3/15/2030
|
220,000
|
233,899
|
|
State of Maryland Gen. Oblig. Series FIRST, 5% 3/15/2031
|
70,000
|
74,255
|
|
State of Maryland Gen. Oblig. Series SECOND 2021 A, 5% 8/1/2028
|
120,000
|
126,323
|
|
State of Maryland Gen. Oblig. Series SECOND 2021 A, 5% 8/1/2032
|
130,000
|
143,825
|
|
State of Maryland Gen. Oblig. Series SECOND 2020A, 5% 8/1/2035
|
55,000
|
59,283
|
|
TOTAL GENERAL OBLIGATIONS
|
1,054,266
|
||
Health Care - 0.1%
|
|||
Maryland St Hlth & HI Ed Facs (MedStar Health Inc Proj.) Series 2017 A, 4% 5/15/2047
|
65,000
|
60,593
|
|
Maryland St Hlth & HI Ed Facs (Univ of Maryland Med Sys, MD Proj.) Series 2017 B, 3.75% 7/1/2036
|
115,000
|
115,346
|
|
TOTAL HEALTH CARE
|
175,939
|
||
Special Tax - 0.2%
|
|||
Maryland St Dept Transn Cons Series 2020, 5% 10/1/2030
|
190,000
|
208,568
|
|
State of Maryland Built to Learn Revenue Series 2021, 2.75% 6/1/2051
|
190,000
|
133,324
|
|
TOTAL SPECIAL TAX
|
341,892
|
||
Transportation - 0.1%
|
|||
Maryland St Dept Transn Spl Transn Proj Rev (Bwi Airport Proj.) 4% 8/1/2051 (c)
|
100,000
|
90,804
|
|
Maryland St Transn Auth 3% 7/1/2047
|
145,000
|
116,664
|
|
TOTAL TRANSPORTATION
|
207,468
|
||
TOTAL MARYLAND
|
1,779,565
|
||
Maryland,Virginia - 0.1%
|
|||
Special Tax - 0.1%
|
|||
Washington Metropolitan Area Transit Authority Series 2021 A, 4% 7/15/2046
|
210,000
|
204,066
|
|
Massachusetts - 3.7%
|
|||
Education - 0.4%
|
|||
Massachusetts Development Finance Agency (President and Fellows of Harvard College Proj.) Series 2020 A, 5% 10/15/2030
|
395,000
|
434,280
|
|
Massachusetts St Dev Fin Agy Rev (Boston University Mass Proj.) Series BB 1, 4% 10/1/2046
|
95,000
|
91,725
|
|
Massachusetts St Dev Fin Agy Rv (President And Fellows Of Harvard College Proj.) Series 2025 A 2, 5% tender 5/15/2055 (d)
|
130,000
|
151,353
|
|
Massachusetts St Hlth & Ed Fac (Boston College,Ma Proj.) 5.5% 6/1/2035
|
65,000
|
75,449
|
|
TOTAL EDUCATION
|
752,807
|
||
General Obligations - 2.4%
|
|||
Massachusetts St Gen. Oblig. 5% 1/1/2049
|
70,000
|
71,530
|
|
Massachusetts St Gen. Oblig. 5% 8/1/2051
|
110,000
|
115,652
|
|
Massachusetts St Gen. Oblig. 5% 8/1/2053
|
150,000
|
157,096
|
|
Massachusetts St Gen. Oblig. 5% 9/1/2029
|
150,000
|
161,486
|
|
Massachusetts St Gen. Oblig. Series 2016A, 5% 7/1/2029
|
70,000
|
70,000
|
|
Massachusetts St Gen. Oblig. Series 2016B, 4% 7/1/2033
|
75,000
|
75,053
|
|
Massachusetts St Gen. Oblig. Series 2016B, 5% 7/1/2027
|
5,000
|
5,130
|
|
Massachusetts St Gen. Oblig. Series 2016B, 5% 7/1/2028
|
200,000
|
210,170
|
|
Massachusetts St Gen. Oblig. Series 2016G, 3% 9/1/2046
|
305,000
|
249,595
|
|
Massachusetts St Gen. Oblig. Series 2016G, 4% 9/1/2032
|
75,000
|
75,112
|
|
Massachusetts St Gen. Oblig. Series 2017F, 5% 11/1/2040
|
15,000
|
15,323
|
|
Massachusetts St Gen. Oblig. Series 2017F, 5% 11/1/2041
|
200,000
|
204,180
|
|
Massachusetts St Gen. Oblig. Series 2017F, 5% 11/1/2044
|
20,000
|
20,359
|
|
Massachusetts St Gen. Oblig. Series 2018 B, 5% 7/1/2027
|
20,000
|
20,521
|
|
Massachusetts St Gen. Oblig. Series 2018C, 5% 9/1/2030
|
150,000
|
164,445
|
|
Massachusetts St Gen. Oblig. Series 2019 C, 5% 5/1/2030
|
35,000
|
38,138
|
|
Massachusetts St Gen. Oblig. Series 2019 C, 5% 5/1/2041
|
25,000
|
26,084
|
|
Massachusetts St Gen. Oblig. Series 2019 G, 3% 9/1/2039
|
200,000
|
183,841
|
|
Massachusetts St Gen. Oblig. Series 2020 A, 5% 3/1/2029
|
175,000
|
186,529
|
|
Massachusetts St Gen. Oblig. Series 2020 B, 2% 3/1/2034
|
170,000
|
151,103
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 4% 11/1/2041
|
150,000
|
149,990
|
|
Massachusetts St Gen. Oblig. Series 2020 D, 5% 7/1/2028
|
205,000
|
215,424
|
|
Massachusetts St Gen. Oblig. Series 2020 E, 5% 11/1/2032
|
200,000
|
218,702
|
|
Massachusetts St Gen. Oblig. Series 2020 E, 5% 11/1/2033
|
165,000
|
179,945
|
|
Massachusetts St Gen. Oblig. Series 2021 B, 3% 4/1/2047
|
140,000
|
112,283
|
|
Massachusetts St Gen. Oblig. Series 2021 C, 5% 9/1/2029
|
50,000
|
53,829
|
|
Massachusetts St Gen. Oblig. Series 2023B, 5% 5/1/2034
|
20,000
|
22,660
|
|
Massachusetts St Gen. Oblig. Series 2024 A, 5% 3/1/2038
|
230,000
|
257,886
|
|
Massachusetts St Gen. Oblig. Series 2024 I, 5% 12/1/2049
|
220,000
|
233,302
|
|
Massachusetts St Gen. Oblig. Series 2024A, 5% 1/1/2054
|
50,000
|
52,120
|
|
Massachusetts St Gen. Oblig. Series 2024B, 5% 11/1/2032
|
55,000
|
62,118
|
|
Massachusetts St Gen. Oblig. Series 2025G, 5% 12/1/2040
|
155,000
|
175,020
|
|
Massachusetts St Gen. Oblig. Series A, 5% 4/1/2035
|
100,000
|
101,548
|
|
Massachusetts St Gen. Oblig. Series A, 5% 4/1/2047
|
155,000
|
156,179
|
|
TOTAL GENERAL OBLIGATIONS
|
4,192,353
|
||
Health Care - 0.2%
|
|||
Massachusetts Development Finance Agency (Beth Israel Lahey Health Proj.) Series 2018 J 2, 5% 7/1/2048
|
160,000
|
161,296
|
|
Massachusetts Development Finance Agency (Tufts Medicine Proj.) Series 2020 C, 3% 10/1/2045 (Assured Guaranty Inc Insured)
|
10,000
|
7,767
|
|
Massachusetts St Dev Fin Agy Rev (Boston Medical Center Proj.) Series 2015D, 4% 7/1/2045
|
25,000
|
22,888
|
|
Massachusetts St Dev Fin Agy Rev (Mass General Brigham Inc Proj.) 4% 7/1/2041
|
125,000
|
123,288
|
|
Massachusetts St Dev Fin Agy Rv (Childrens Hospital, MA Proj.) Series 2024 T, 5.25% 3/1/2054
|
105,000
|
111,373
|
|
TOTAL HEALTH CARE
|
426,612
|
||
Special Tax - 0.6%
|
|||
Mass Bay Tran Auth Assemnt Series 2022 A 2, 5% 7/1/2052
|
200,000
|
207,977
|
|
Mass Bay Tran Auth Sls Tax 5.25% 7/1/2028
|
20,000
|
21,130
|
|
Mass Bay Tran Auth Sls Tax Series 2023 A SUB A 1, 5.25% 7/1/2053
|
395,000
|
418,891
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev 5% 8/15/2045
|
50,000
|
52,506
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev Series 2016B, 5% 11/15/2046 (Pre-refunded to 11/16/2026 at 100)
|
10,000
|
10,084
|
|
Massachusetts St Spl Oblig Dedicated Tax Rev 5.5% 1/1/2030 (National Public Finance Guarantee Corporation Insured) (Escrowed to Maturity)
|
10,000
|
10,911
|
|
Massachusetts St Transn Fd Rev 5% 6/1/2047
|
20,000
|
20,221
|
|
Massachusetts St Transn Fd Rev 5% 6/1/2048
|
130,000
|
132,370
|
|
Massachusetts St Transn Fd Rev Series 2016B, 4% 6/1/2046
|
260,000
|
254,254
|
|
TOTAL SPECIAL TAX
|
1,128,344
|
||
Transportation - 0.0%
|
|||
Massachusetts St Port Auth Rev Series 2019 B, 3% 7/1/2049
|
70,000
|
54,561
|
|
Water & Sewer - 0.1%
|
|||
Massachusetts St Wtr Res Auth 5.25% 8/1/2030 (Assured Guaranty Inc Insured)
|
145,000
|
160,355
|
|
Massachusetts St Wtr Res Auth 5.25% 8/1/2032 (Assured Guaranty Inc Insured)
|
25,000
|
28,653
|
|
TOTAL WATER & SEWER
|
189,008
|
||
TOTAL MASSACHUSETTS
|
6,743,685
|
||
Michigan - 1.0%
|
|||
General Obligations - 0.1%
|
|||
Michigan St Bldg Auth Rev (State of Michigan Proj.) 3% 10/15/2045
|
60,000
|
49,183
|
|
Michigan St Bldg Auth Rev (State of Michigan Proj.) Series 2016 I, 5% 10/15/2030
|
15,000
|
15,098
|
|
Michigan St Bldg Auth Rev (State of Michigan Proj.) Series 2025 I, 5.25% 4/15/2060
|
100,000
|
105,883
|
|
TOTAL GENERAL OBLIGATIONS
|
170,164
|
||
Health Care - 0.4%
|
|||
Michigan Fin Auth Rev (Corewell Health Proj.) 5% 4/15/2036
|
120,000
|
130,313
|
|
Michigan Fin Auth Rev (Henry Ford Health Care Corp,Mi Proj.) Series 2016, 3% 11/15/2033
|
240,000
|
233,048
|
|
Michigan Fin Auth Rev (Henry Ford Health Care Corp,Mi Proj.) Series 2016, 3.25% 11/15/2042
|
25,000
|
21,127
|
|
Michigan Fin Auth Rev (Henry Ford Health Care Corp,Mi Proj.) Series 2016, 4% 11/15/2046
|
50,000
|
45,715
|
|
Michigan Fin Auth Rev (Mclaren Hlth Care Corp Proj.) Series 2019 A, 4% 2/15/2047
|
40,000
|
36,964
|
|
Michigan Fin Auth Rev (Trinity Health Proj.) Series 2019 A, 4% 12/1/2049
|
70,000
|
62,868
|
|
Michigan Fin Auth Rev (Trinity Health Proj.) Series 2019MI 1, 4% 12/1/2048
|
150,000
|
135,711
|
|
TOTAL HEALTH CARE
|
665,746
|
||
Housing - 0.2%
|
|||
Michigan Hsg Dev Auth Rent Hsg Rev (MI Single Family Mortgage Proj.) Series 2019B, 3.1% 12/1/2044
|
185,000
|
158,832
|
|
Michigan Hsg Dev Auth Rent Hsg Rev (MI Single Family Mortgage Proj.) Series 2023A, 4.7% 12/1/2043
|
100,000
|
102,058
|
|
Michigan Hsg Dev Rental Hsg Series 2018 A, 4.05% 10/1/2048
|
100,000
|
90,610
|
|
Michigan St Hsg Dev Auth Sfmr (MI Single Family Mortgage Proj.) Series B, 3.1% 12/1/2031
|
50,000
|
49,753
|
|
TOTAL HOUSING
|
401,253
|
||
Special Tax - 0.2%
|
|||
Michigan Fin Auth Rev (Wayne Cnty MI Proj.) Series 2018, 4% 11/1/2048
|
10,000
|
9,327
|
|
Michigan St Trunk Line Fd 4% 11/15/2037
|
25,000
|
25,385
|
|
Michigan St Trunk Line Fd Series 2021 A, 4% 11/15/2040
|
80,000
|
80,266
|
|
Michigan St Trunk Line Fd Series 2021 A, 4% 11/15/2046
|
210,000
|
200,150
|
|
TOTAL SPECIAL TAX
|
315,128
|
||
Water & Sewer - 0.1%
|
|||
Great Lakes Sewer Auth MI Series 2023A, 5% 7/1/2038
|
25,000
|
27,837
|
|
Great Lakes Wtr Auth Mich Wtr Supply Sys Rev Series 2023A, 5% 7/1/2038
|
15,000
|
16,702
|
|
Great Lakes Wtr Auth Mich Wtr Supply Sys Rev Series 2024A, 5% 7/1/2034
|
160,000
|
181,927
|
|
TOTAL WATER & SEWER
|
226,466
|
||
TOTAL MICHIGAN
|
1,778,757
|
||
Minnesota - 0.8%
|
|||
General Obligations - 0.4%
|
|||
Forest Lake Minn Inpt Sch Dist Series 2016 A, 3.25% 2/1/2046 (Minnesota St Guaranteed)
|
200,000
|
172,055
|
|
Minnesota St Gen. Oblig. Series 2021 A, 4% 9/1/2039
|
455,000
|
462,619
|
|
Owatonna MN Ind Sch Dist 761 Series 2020 A, 2.125% 2/1/2040 (Minnesota St Guaranteed)
|
145,000
|
110,941
|
|
TOTAL GENERAL OBLIGATIONS
|
745,615
|
||
Health Care - 0.3%
|
|||
Apple Vy Minn Sr Living Rev (Minnesota Senior Living Proj.) Series 2016 A 1, 4.25% 1/1/2037
|
30,000
|
25,238
|
|
Deluth MN Clinic (Essentia Health Proj.) 5% 2/15/2043
|
180,000
|
182,706
|
|
Rochester MN Health Care Facs (Mayo Clinic Proj.) Series 2022, 4% 11/15/2039
|
100,000
|
100,735
|
|
Rochester MN Health Care Facs (Mayo Clinic Proj.) Series 2026A, 5% 11/15/2033
|
155,000
|
174,459
|
|
TOTAL HEALTH CARE
|
483,138
|
||
Housing - 0.1%
|
|||
Minnesota Housing Finance Agency (MN Residential Hsg 1995 Proj.) Series 2021 H, 2.55% 1/1/2046
|
285,000
|
220,846
|
|
Minnesota Housing Finance Agency (MN Residential Hsg Proj.) Series 2019 F, 3.75% 1/1/2050
|
55,000
|
55,099
|
|
TOTAL HOUSING
|
275,945
|
||
TOTAL MINNESOTA
|
1,504,698
|
||
Mississippi - 0.0%
|
|||
General Obligations - 0.0%
|
|||
Mississippi St Gen. Oblig. Series 2017 A, 5% 10/1/2030
|
65,000
|
66,997
|
|
Missouri - 0.6%
|
|||
Health Care - 0.4%
|
|||
Missouri Hlth & Edl Facs Rev (Bjc Health System Proj.) Series 2021 A, 5% 7/1/2031
|
260,000
|
285,308
|
|
Missouri Hlth & Edl Facs Rev (Mercy Health Proj.) Series 2017 C, 3.625% 11/15/2047
|
60,000
|
52,089
|
|
Missouri Hlth & Edl Facs Rev (Mercy Health Proj.) Series 2020, 4% 6/1/2053
|
190,000
|
169,740
|
|
Missouri Hlth & Edl Facs Rev (Mosaic Health Proj.) Series 2019A, 4% 2/15/2049
|
140,000
|
124,534
|
|
Missouri Hlth & Edl Facs Rev (Ssm Health Care System Proj.) Series 2022A, 5% 6/1/2032
|
100,000
|
109,834
|
|
TOTAL HEALTH CARE
|
741,505
|
||
Special Tax - 0.1%
|
|||
Bi-State Dev Agy MO Tran Sales Tax Approp Rev Series 2019, 4% 10/1/2048
|
180,000
|
169,854
|
|
Transportation - 0.1%
|
|||
Kansas City MO Indl Dev Auth Arpt Spl Oblig (Kansas City MO Arpt Rev Proj.) 5% 3/1/2057 (Assured Guaranty Inc Insured) (c)
|
230,000
|
230,700
|
|
TOTAL MISSOURI
|
1,142,059
|
||
Nebraska - 0.4%
|
|||
Education - 0.0%
|
|||
University NE Facs Corp Rev Series 2021A, 4% 7/15/2062
|
85,000
|
74,050
|
|
Electric Utilities - 0.2%
|
|||
Omaha Public Power District Series 2022 A, 4% 2/1/2042
|
40,000
|
40,003
|
|
Omaha Public Power District Series 2024 B, 5% 2/1/2035
|
370,000
|
417,474
|
|
TOTAL ELECTRIC UTILITIES
|
457,477
|
||
Health Care - 0.1%
|
|||
Sarpy Cnty NE Hosp Auth No 1 Series 2016, 4% 5/15/2051
|
140,000
|
123,043
|
|
Housing - 0.1%
|
|||
Nebraska Invt Fin Auth Single Family Hsg Rev 4.5% 9/1/2044
|
110,000
|
110,404
|
|
TOTAL NEBRASKA
|
764,974
|
||
Nevada - 0.1%
|
|||
General Obligations - 0.0%
|
|||
Clark Cnty NV Gen. Oblig. Series 2016B, 5% 11/1/2027
|
50,000
|
51,184
|
|
Special Tax - 0.1%
|
|||
Las Vegas Convention & Visitors Authority Series 2018 B, 4% 7/1/2049
|
95,000
|
86,836
|
|
Transportation - 0.0%
|
|||
Clark Cnty NV Arpt Rev Series 2019B, 5% 7/1/2042
|
40,000
|
41,675
|
|
TOTAL NEVADA
|
179,695
|
||
New Hampshire - 0.1%
|
|||
Housing - 0.1%
|
|||
National Fin Auth NH Affordable Hsg Ctfs Series 2025 1 CL A 2 Class A2, 5.15% tender 6/20/2041 (d)
|
204,347
|
210,637
|
|
New Jersey - 4.0%
|
|||
Education - 0.2%
|
|||
Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2019 Proj.) Series 2019 B, 3.25% 12/1/2039 (c)
|
10,000
|
9,950
|
|
New Jersey St Edl Facs Auth Rev (Princeton Univ Proj.) 5% tender 7/1/2064 (d)
|
100,000
|
114,882
|
|
New Jersey St Edl Facs Auth Rev (Trustees of Princeton University/The Proj.) Series 2024B, 5.25% 3/1/2054
|
200,000
|
215,684
|
|
TOTAL EDUCATION
|
340,516
|
||
Electric Utilities - 0.1%
|
|||
NJ Econ Dev Auth (New Jersey Natural Gas Co Proj.) Series 2011 C, 3% 8/1/2041 (c)
|
205,000
|
176,035
|
|
Escrowed/Pre-Refunded - 0.2%
|
|||
New Jersey Econom Dev Auth Rev Series 2016 AAA, 5% 6/15/2041 (Pre-refunded to 12/15/2026 at 100)
|
55,000
|
55,593
|
|
New Jersey Trans Trust Fund Auth 5% 6/15/2048 (Pre-refunded to 12/15/2032 at 100)
|
230,000
|
261,297
|
|
TOTAL ESCROWED/PRE-REFUNDED
|
316,890
|
||
General Obligations - 2.1%
|
|||
New Jersey Econom Dev Auth Rev (New Jersey St Proj.) Series XX, 4.375% 6/15/2027
|
60,000
|
60,054
|
|
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 4% 11/1/2037
|
40,000
|
40,312
|
|
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 5% 11/1/2031
|
35,000
|
37,399
|
|
New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 5% 6/15/2043
|
460,000
|
476,096
|
|
New Jersey St Gen. Oblig. 2% 6/1/2037
|
105,000
|
84,599
|
|
New Jersey St Gen. Oblig. 3% 6/1/2032
|
90,000
|
89,917
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2026 (b)
|
90,000
|
88,812
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2027 (b)
|
30,000
|
28,780
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2029 (b)
|
20,000
|
18,012
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2029 (Assured Guaranty Inc Insured) (b)
|
45,000
|
40,597
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2032 (Assured Guaranty Inc Insured) (b)
|
40,000
|
32,598
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2033 (b)
|
15,000
|
11,696
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2034 (b)
|
140,000
|
104,925
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2037 (b)
|
45,000
|
29,281
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2038 (b)
|
35,000
|
21,717
|
|
New Jersey Trans Trust Fund Auth 0% 12/15/2039 (b)
|
395,000
|
233,752
|
|
New Jersey Trans Trust Fund Auth 4% 6/15/2050
|
200,000
|
187,560
|
|
New Jersey Trans Trust Fund Auth 5% 6/15/2030
|
305,000
|
330,568
|
|
New Jersey Trans Trust Fund Auth 5% 6/15/2038
|
250,000
|
275,861
|
|
New Jersey Trans Trust Fund Auth 5% 6/15/2044
|
200,000
|
215,864
|
|
New Jersey Trans Trust Fund Auth 5% 6/15/2046
|
550,000
|
580,638
|
|
New Jersey Trans Trust Fund Auth 5% 6/15/2055
|
100,000
|
103,460
|
|
New Jersey Trans Trust Fund Auth Series 2018 A, 5% 12/15/2034
|
250,000
|
261,364
|
|
New Jersey Trans Trust Fund Auth Series 2019 AA, 4% 6/15/2036
|
20,000
|
20,183
|
|
New Jersey Trans Trust Fund Auth Series 2019 BB, 3.25% 6/15/2039
|
25,000
|
23,007
|
|
New Jersey Trans Trust Fund Auth Series 2019 BB, 4% 6/15/2050
|
200,000
|
187,560
|
|
New Jersey Trans Trust Fund Auth Series 2019 BB, 5% 6/15/2033
|
75,000
|
78,595
|
|
New Jersey Trans Trust Fund Auth Series 2020 AA, 5% 6/15/2050
|
160,000
|
163,689
|
|
New Jersey Trans Trust Fund Auth Series 2022 BB, 4% 6/15/2040
|
250,000
|
249,335
|
|
TOTAL GENERAL OBLIGATIONS
|
4,076,231
|
||
Health Care - 0.2%
|
|||
New Jersey Health Care (Rwj Barnabas Health Proj.) 5% 7/1/2034
|
145,000
|
164,940
|
|
New Jersey Health Care (Rwj Barnabas Health Proj.) Series 2021 A, 3% 7/1/2051
|
250,000
|
187,127
|
|
TOTAL HEALTH CARE
|
352,067
|
||
Tobacco Bonds - 0.3%
|
|||
Tobacco Settlement Fin Corp NJ Series 2018 A, 4% 6/1/2037
|
30,000
|
30,216
|
|
Tobacco Settlement Fin Corp NJ Series 2018 A, 5% 6/1/2029
|
130,000
|
135,086
|
|
Tobacco Settlement Fin Corp NJ Series 2018 A, 5% 6/1/2035
|
330,000
|
340,601
|
|
TOTAL TOBACCO BONDS
|
505,903
|
||
Transportation - 0.9%
|
|||
New Jersey Trans Trust Fund Auth (New Jersey St Grant Anticipati Proj.) Series 2016 A 1, 4.1% 6/15/2031
|
15,000
|
15,009
|
|
New Jersey Trans Trust Fund Auth (New Jersey St Grant Anticipati Proj.) Series 2016 A 1, 5% 6/15/2030
|
25,000
|
25,036
|
|
New Jersey Trans Trust Fund Auth (New Jersey St Grant Anticipati Proj.) Series 2018 A, 5% 6/15/2030
|
50,000
|
50,073
|
|
New Jersey Turnpike Authority 4.25% 1/1/2043
|
50,000
|
51,085
|
|
New Jersey Turnpike Authority 5% 1/1/2046
|
225,000
|
239,594
|
|
New Jersey Turnpike Authority 5.25% 1/1/2052
|
260,000
|
276,259
|
|
New Jersey Turnpike Authority Series 2017 A, 5% 1/1/2035
|
110,000
|
111,044
|
|
New Jersey Turnpike Authority Series 2017B, 4% 1/1/2035
|
30,000
|
30,300
|
|
New Jersey Turnpike Authority Series 2017B, 5% 1/1/2030
|
255,000
|
263,630
|
|
New Jersey Turnpike Authority Series 2017B, 5% 1/1/2032
|
200,000
|
206,232
|
|
New Jersey Turnpike Authority Series 2017E, 5% 1/1/2029
|
15,000
|
15,543
|
|
New Jersey Turnpike Authority Series 2017E, 5% 1/1/2031
|
155,000
|
160,014
|
|
New Jersey Turnpike Authority Series 2025A, 5.25% 1/1/2055
|
110,000
|
118,663
|
|
TOTAL TRANSPORTATION
|
1,562,482
|
||
TOTAL NEW JERSEY
|
7,330,124
|
||
New Jersey,New York - 0.9%
|
|||
Transportation - 0.9%
|
|||
Port Auth NY & NJ 5% 11/15/2047
|
170,000
|
172,599
|
|
Port Auth NY & NJ 5% 9/15/2032 (c)
|
160,000
|
164,760
|
|
Port Auth NY & NJ 5.25% 11/15/2057
|
175,000
|
177,540
|
|
Port Auth NY & NJ Series 177TH, 4% 1/15/2043 (c)
|
195,000
|
188,850
|
|
Port Auth NY & NJ Series 198, 5% 11/15/2046
|
15,000
|
15,051
|
|
Port Auth NY & NJ Series 209, 5% 7/15/2031
|
30,000
|
31,399
|
|
Port Auth NY & NJ Series 209, 5% 7/15/2034
|
70,000
|
73,058
|
|
Port Auth NY & NJ Series 222, 5% 7/15/2031
|
75,000
|
81,752
|
|
Port Auth NY & NJ Series 245, 5% 9/1/2038
|
235,000
|
266,848
|
|
Port Auth NY & NJ Series 246, 5% 9/1/2028 (c)
|
440,000
|
459,944
|
|
TOTAL NEW JERSEY,NEW YORK
|
1,631,801
|
||
New Mexico - 0.2%
|
|||
Housing - 0.1%
|
|||
New Mexico Mtg Fin Auth (NM Sf Mortgage 2005 General Indenture Sf Mbs Open Proj.) Series 2019 F, 3.5% 7/1/2050
|
20,000
|
19,946
|
|
New Mexico Mtg Fin Auth (NM Sf Mortgage 2005 Proj.) Series 2021 C CL I, 3% 1/1/2052
|
235,000
|
231,251
|
|
TOTAL HOUSING
|
251,197
|
||
Special Tax - 0.1%
|
|||
New Mexico St Severance Tax Series 2022B, 5% 7/1/2031
|
135,000
|
149,213
|
|
TOTAL NEW MEXICO
|
400,410
|
||
New York - 17.4%
|
|||
Education - 0.7%
|
|||
New York St Dorm Auth Revs Non St Supportd Debt (Columbia Univ, NY Proj.) Series 2018B, 5% 10/1/2038
|
45,000
|
46,501
|
|
New York St Dorm Auth Revs Non St Supportd Debt (Columbia Univ, NY Proj.) Series A, 5% 10/1/2047
|
30,000
|
34,442
|
|
New York St Dorm Auth Revs Non St Supportd Debt (New School (The) Proj.) Series 2016 A, 4% 7/1/2043
|
165,000
|
151,637
|
|
New York St Dorm Auth Revs Non St Supportd Debt (New York Univ, NY Proj.) Series 2016 A, 4% 7/1/2043
|
100,000
|
100,000
|
|
New York St Dorm Auth Revs Non St Supportd Debt (New York Univ, NY Proj.) Series 2016 A, 5% 7/1/2029
|
60,000
|
60,000
|
|
New York St Dorm Auth Revs Non St Supportd Debt (New York Univ, NY Proj.) Series 2018 A, 5% 7/1/2040
|
30,000
|
31,064
|
|
New York St Dorm Auth Revs Non St Supported Debt (Cornell University Proj.) Series 2020A, 4% 7/1/2050
|
130,000
|
120,192
|
|
New York St Dorm Auth Revs Non St Supported Debt (Cornell University Proj.) Series 2020A, 5% 7/1/2030
|
190,000
|
208,372
|
|
Onondaga Cnty NY Tr Cultural Res Rev (Syracuse University, NY Proj.) Series 2019, 5% 12/1/2039
|
25,000
|
26,361
|
|
Onondaga Cnty NY Tr Cultural Res Rev (Syracuse University, NY Proj.) Series 2019, 5% 12/1/2040
|
160,000
|
168,360
|
|
Troy NY Cap Resource Corp Rev (Rensselaer Polytechnic Institute Proj.) Series 2020A, 5% 9/1/2037
|
375,000
|
393,916
|
|
TOTAL EDUCATION
|
1,340,845
|
||
Electric Utilities - 0.3%
|
|||
Long Island Pwr Auth NY Elec Series 2016 B, 5% 9/1/2046
|
40,000
|
40,052
|
|
Long Island Pwr Auth NY Elec Series 2017, 5% 9/1/2047
|
30,000
|
30,398
|
|
Long Island Pwr Auth NY Elec Series 2018, 5% 9/1/2035
|
20,000
|
20,842
|
|
Long Island Pwr Auth NY Elec Series 2024A, 5% 9/1/2034
|
220,000
|
252,988
|
|
New York St Pwr Auth Series 2024A, 5% 11/15/2035
|
200,000
|
233,639
|
|
TOTAL ELECTRIC UTILITIES
|
577,919
|
||
Escrowed/Pre-Refunded - 0.1%
|
|||
New York St Dorm Auth St Pers Income Tax Rev Series 2017 A, 5% 2/15/2027
|
110,000
|
111,727
|
|
General Obligations - 2.5%
|
|||
City of New York NY Gen. Oblig. 4% 4/1/2042
|
105,000
|
103,678
|
|
City of New York NY Gen. Oblig. 5.25% 2/1/2053
|
210,000
|
222,541
|
|
City of New York NY Gen. Oblig. Series 2008 L 6, 5% 4/1/2031
|
50,000
|
52,753
|
|
City of New York NY Gen. Oblig. Series 2018 1, 5% 8/1/2028
|
10,000
|
10,254
|
|
City of New York NY Gen. Oblig. Series 2018 B 1, 4% 10/1/2040
|
260,000
|
259,241
|
|
City of New York NY Gen. Oblig. Series 2018 C, 5% 8/1/2027
|
25,000
|
25,698
|
|
City of New York NY Gen. Oblig. Series 2019 D1, 4% 12/1/2041
|
50,000
|
49,189
|
|
City of New York NY Gen. Oblig. Series 2023 SUB F 1, 5% 8/1/2031
|
200,000
|
220,029
|
|
City of New York NY Gen. Oblig. Series A(A 1), 4% 8/1/2044
|
20,000
|
19,422
|
|
City of New York NY Gen. Oblig. Series A(A 1), 5% 8/1/2035
|
270,000
|
284,014
|
|
City of New York NY Gen. Oblig. Series B 1, 3.25% 10/1/2042
|
55,000
|
47,641
|
|
City of New York NY Gen. Oblig. Series C, 3% 8/1/2034
|
25,000
|
24,083
|
|
City of New York NY Gen. Oblig. Series FISCAL 2020 D 1, 4% 3/1/2042
|
125,000
|
123,433
|
|
City of New York NY Gen. Oblig. Series FISCAL 2020 SUB B 1, 5% 10/1/2032
|
70,000
|
74,246
|
|
City of New York NY Gen. Oblig. Series FISCAL 2023A SUB A 1, 5% 9/1/2042
|
110,000
|
117,696
|
|
City of New York NY Gen. Oblig. Series FISCAL 2023B SUB B 1, 5.25% 10/1/2047
|
485,000
|
512,018
|
|
City of New York NY Gen. Oblig. Series FISCAL 2024 C, 5% 3/1/2035
|
310,000
|
348,789
|
|
City of New York NY Gen. Oblig. Series FISCAL 2024 D, 5.25% 4/1/2054
|
220,000
|
231,051
|
|
City of New York NY Gen. Oblig. Series FISCAL 2025 A, 5% 8/1/2035
|
115,000
|
129,797
|
|
City of New York NY Gen. Oblig. Series FISCAL 2025 SUB C1, 5% 9/1/2048
|
445,000
|
466,810
|
|
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series 2018 S 3, 3.625% 7/15/2047
|
155,000
|
134,356
|
|
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series 2018 S 4A, 5% 7/15/2031
|
30,000
|
31,356
|
|
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series 2018 S 4A, 5% 7/15/2034
|
275,000
|
286,403
|
|
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series FISCAL 2023 SUB S 1A, 5% 7/15/2028
|
400,000
|
420,529
|
|
New York NY City Transitional Fin Auth Bldg Aid Rev (New York St Proj.) Series S 1, 5% 7/15/2035
|
35,000
|
35,719
|
|
New York St Dorm Auth Revs Non St Supported Debt (NY School Bond Program Proj.) 5% 10/1/2031 (Assured Guaranty Inc Insured)
|
225,000
|
236,156
|
|
New York St Gen. Oblig. 3.5% 3/1/2043
|
30,000
|
28,864
|
|
TOTAL GENERAL OBLIGATIONS
|
4,495,766
|
||
Health Care - 0.4%
|
|||
Dutchess Cnty NY Loc Dev Corp Rev (Nuvance Health Proj.) Series 2016 B, 4% 7/1/2041
|
40,000
|
37,914
|
|
New York St Dorm Auth Revs Non St Supported Debt (Maimonides Medical Center Proj.) Series 2020, 3% 2/1/2050
|
55,000
|
41,092
|
|
New York St Dorm Auth Revs Non St Supported Debt (Memorial Sloan-Kettering Cancer Center Proj.) Series 2019 1, 3% 7/1/2034
|
120,000
|
114,717
|
|
New York St Dorm Auth Revs Non St Supported Debt (Memorial Sloan-Kettering Cancer Center Proj.) Series 2019 1, 5% 7/1/2030
|
50,000
|
53,560
|
|
New York St Dorm Auth Revs Non St Supported Debt (Montefiore Obligated Group Proj.) Series 2018 A, 4% 8/1/2038
|
60,000
|
56,665
|
|
New York St Dorm Auth Revs Non St Supported Debt (Northwell Health Proj.) Series 2022 A, 4.25% 5/1/2052
|
40,000
|
37,284
|
|
New York St Dorm Auth Revs Non St Supported Debt (Northwell Health Proj.) Series 2022 A, 5% 5/1/2037
|
100,000
|
108,786
|
|
New York St Dorm Auth Revs Non St Supported Debt (Northwell Health Proj.) Series 2025A, 5% 5/1/2036
|
240,000
|
268,561
|
|
TOTAL HEALTH CARE
|
718,579
|
||
Housing - 0.3%
|
|||
New York St Hsg Fin Agy Series 2019 P, 3.15% 11/1/2054
|
25,000
|
18,794
|
|
New York St Mtg Agy Rev (NY Mortgage Proj.) Series FORTY EIGHTH, 3.45% 10/1/2033
|
5,000
|
4,999
|
|
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 E 1, 3.25% 11/1/2049
|
30,000
|
23,760
|
|
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2019 E 1, 3.45% 5/1/2059
|
10,000
|
7,765
|
|
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2020 D 1B, 2.4% 11/1/2050
|
75,000
|
49,984
|
|
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 G 1, 2.15% 11/1/2036
|
180,000
|
151,935
|
|
NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 K 1, 2.45% 11/1/2041
|
160,000
|
127,775
|
|
NY City Hsg Dev Corp Multifamily Hsg Rev Series 2019 E 1, 3.15% 11/1/2044
|
275,000
|
233,345
|
|
State of New York Mortgage Agency (NY Mortgage Proj.) Series 220, 2.85% 10/1/2044
|
25,000
|
21,028
|
|
TOTAL HOUSING
|
639,385
|
||
Industrial Development - 0.3%
|
|||
Liberty NY Dev Corp Rev (Goldman Sachs Group Inc/The Proj.) 5.25% 10/1/2035
|
135,000
|
155,294
|
|
Liberty NY Dev Corp Rev (Goldman Sachs Group Inc/The Proj.) 5.5% 10/1/2037
|
25,000
|
29,550
|
|
New York Liberty Dev Corp Series 2019 CL 2, 2.625% 9/15/2069
|
150,000
|
142,596
|
|
New York Liberty Dev Corp Series 2021A, 2.5% 11/15/2036
|
300,000
|
260,029
|
|
TOTAL INDUSTRIAL DEVELOPMENT
|
587,469
|
||
Other - 0.0%
|
|||
New York St Dorm Auth Revs Non St Supported Debt (Rockefeller Univ, NY Proj.) 4% 7/1/2049
|
45,000
|
41,267
|
|
Special Tax - 8.0%
|
|||
Battery Pk City Auth NY Rev Series 2019A, 5% 11/1/2049
|
190,000
|
192,438
|
|
Battery Pk City Auth NY Rev Series 2023 A, 5% 11/1/2053
|
145,000
|
152,864
|
|
Brooklyn Arena Local Dev Corp N Y Series A, 3% 7/15/2043 (Assured Guaranty Inc Insured)
|
25,000
|
19,885
|
|
Hudson Yds Infrastructure Corp NY Rev Series 2017 A, 4% 2/15/2036
|
120,000
|
120,384
|
|
Hudson Yds Infrastructure Corp NY Rev Series 2017 A, 4% 2/15/2044
|
35,000
|
33,640
|
|
Hudson Yds Infrastructure Corp NY Rev Series 2017 A, 5% 2/15/2030
|
55,000
|
55,778
|
|
Hudson Yds Infrastructure Corp NY Rev Series 2017 A, 5% 2/15/2039
|
40,000
|
40,484
|
|
Hudson Yds Infrastructure Corp NY Rev Series FISCAL 2022 A, 4% 2/15/2039
|
95,000
|
96,122
|
|
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2030
|
150,000
|
163,571
|
|
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2024D SUB D 1, 5% 11/1/2041
|
20,000
|
21,863
|
|
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2025 E, 4.125% 11/1/2053
|
705,000
|
661,421
|
|
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2026 B, 5% 5/1/2036
|
305,000
|
348,878
|
|
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2026 B, 5% 5/1/2038
|
15,000
|
16,897
|
|
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2026 B, 5% 5/1/2041
|
100,000
|
110,841
|
|
New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2026 SUB D 1, 5% 11/1/2035
|
370,000
|
424,626
|
|
New York City Transitional Finance Authority (New York State Sales Tax Rev Proj.) Series FISCAL 2024 C, 5.25% 5/1/2048
|
325,000
|
346,621
|
|
New York NY City Transitional Fin Auth Rev 5% 11/1/2032
|
170,000
|
185,253
|
|
New York NY City Transitional Fin Auth Rev 5% 8/1/2045
|
50,000
|
50,620
|
|
New York NY City Transitional Fin Auth Rev Series 2017, 4% 5/1/2037
|
80,000
|
80,053
|
|
New York NY City Transitional Fin Auth Rev Series 2017, 5% 5/1/2040
|
15,000
|
15,021
|
|
New York NY City Transitional Fin Auth Rev Series 2018 A 2, 5% 8/1/2038
|
55,000
|
56,059
|
|
New York NY City Transitional Fin Auth Rev Series 2018 C 2, 5% 5/1/2036
|
240,000
|
248,071
|
|
New York NY City Transitional Fin Auth Rev Series 2019 A 1, 5% 8/1/2036
|
465,000
|
482,522
|
|
New York NY City Transitional Fin Auth Rev Series 2019 C 1, 4% 11/1/2036
|
50,000
|
50,612
|
|
New York NY City Transitional Fin Auth Rev Series 2019 C 1, 4% 11/1/2037
|
30,000
|
30,264
|
|
New York NY City Transitional Fin Auth Rev Series B 1, 4% 8/1/2038
|
100,000
|
100,405
|
|
New York NY City Transitional Fin Auth Rev Series B 1, 4% 8/1/2039
|
45,000
|
45,202
|
|
New York NY City Transitional Fin Auth Rev Series C, 5% 11/1/2026
|
40,000
|
40,326
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2017 E, 5% 2/1/2040
|
105,000
|
106,003
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2020A SUB A 3, 4% 5/1/2042
|
260,000
|
256,482
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2020C SUB C 1, 4% 5/1/2040
|
10,000
|
9,953
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2020C SUB C 1, 5% 5/1/2041
|
100,000
|
105,500
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2021 A, 4% 11/1/2035
|
80,000
|
82,272
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2021 A, 5% 11/1/2031
|
150,000
|
163,457
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2021 E 1, 3% 2/1/2051
|
255,000
|
193,056
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2021C SUB C 1, 4% 5/1/2038
|
100,000
|
100,939
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2021C SUB C 1, 4% 5/1/2044
|
30,000
|
29,280
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2022C SUB C 1, 5% 2/1/2037
|
100,000
|
108,791
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2023B SUB B 1, 5% 11/1/2033
|
175,000
|
194,653
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2023F SUB F 1, 5.25% 2/1/2047
|
440,000
|
468,746
|
|
New York NY City Transitional Fin Auth Rev Series FISCAL 2024A SUB A 1, 5% 5/1/2044
|
350,000
|
375,987
|
|
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) 5% 3/15/2038
|
235,000
|
260,692
|
|
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2017 A, 5% 3/15/2043
|
75,000
|
75,875
|
|
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2017 A, 5% 3/15/2044
|
210,000
|
212,314
|
|
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2024A, 5% 3/15/2051
|
200,000
|
208,826
|
|
New York St Dorm Auth Sales Tax Rev St Supported (New York State Sales Tax Rev Proj.) Series 2024A, 5% 3/15/2055
|
255,000
|
265,245
|
|
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2019 A, 5% 3/15/2039
|
100,000
|
104,713
|
|
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2019 A, 5% 3/15/2040
|
90,000
|
94,074
|
|
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2019 D, 3% 2/15/2049
|
165,000
|
125,807
|
|
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2024A, 4% 3/15/2054
|
595,000
|
543,346
|
|
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2024A, 5% 3/15/2035
|
180,000
|
205,132
|
|
New York St Dorm Auth St Pers Income Tax Rev (New York State Pit Proj.) Series 2024A, 5.25% 3/15/2048
|
600,000
|
643,781
|
|
New York St Urban Dev Corp Rev (New York State Pit Proj.) Series 2019 A, 5% 3/15/2042
|
15,000
|
15,535
|
|
New York St Urban Dev Corp Rev (New York State Pit Proj.) Series 2019 A, 5% 3/15/2044
|
25,000
|
25,826
|
|
New York State Dormitory Authority (New York State Pit Proj.) 3% 3/15/2049
|
105,000
|
79,854
|
|
New York State Dormitory Authority (New York State Pit Proj.) 5% 2/15/2039
|
15,000
|
15,275
|
|
New York State Dormitory Authority (New York State Pit Proj.) 5% 2/15/2043
|
50,000
|
50,727
|
|
New York State Dormitory Authority (New York State Pit Proj.) Series 2025A, 5% 3/15/2055
|
570,000
|
595,309
|
|
New York State Dormitory Authority (New York State Pit Proj.) Series 2025C, 5% 3/15/2055
|
135,000
|
141,240
|
|
New York State Dormitory Authority 5% 3/15/2032
|
50,000
|
52,498
|
|
New York State Urban Development Corp (New York State Pit Proj.) Series 2020 A, 4% 3/15/2045
|
65,000
|
62,696
|
|
New York State Urban Development Corp (New York State Pit Proj.) Series 2020 A, 4% 3/15/2049
|
85,000
|
79,241
|
|
New York State Urban Development Corp (New York State Pit Proj.) Series 2020 A, 5% 3/15/2036
|
500,000
|
539,563
|
|
New York Twy Auth Pers Income Tax Rev (New York State Pit Proj.) Series 2021A 1, 4% 3/15/2058
|
135,000
|
121,578
|
|
New York Urban Dev Corp Sales Tax Rev (New York State Sales Tax Rev Proj.) 5% 3/15/2048
|
355,000
|
371,724
|
|
New York Urban Dev Corp Sales Tax Rev (New York State Sales Tax Rev Proj.) Series 2019 A, 4% 3/15/2043
|
60,000
|
59,604
|
|
New York Urban Dev Corp Sales Tax Rev (New York State Sales Tax Rev Proj.) Series 2019 A, 4% 3/15/2046
|
75,000
|
72,374
|
|
NY Mta Dedicated Tax Fund Series 2012A, 0% 11/15/2032 (b)
|
225,000
|
184,371
|
|
NY Mta Dedicated Tax Fund Series 2012A, 3% 11/15/2028
|
190,000
|
189,999
|
|
NY Mta Dedicated Tax Fund Series 2016 A, 5.25% 11/15/2028
|
150,000
|
151,468
|
|
NY Payroll Mobility Tax 4% 5/15/2046
|
910,000
|
877,251
|
|
NY Payroll Mobility Tax Series 2021 C 2, 3% 5/15/2033
|
390,000
|
387,632
|
|
NY Payroll Mobility Tax Series 2021 SUB C 3, 4% 5/15/2051
|
540,000
|
504,395
|
|
Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2022 A, 4% 5/15/2052
|
215,000
|
199,123
|
|
Triborough Brdg & Tunl Auth NY Sales Tax Rev Series 2022 A, 5.25% 5/15/2057
|
480,000
|
503,374
|
|
TOTAL SPECIAL TAX
|
14,406,302
|
||
Tobacco Bonds - 0.0%
|
|||
Tobacco Settlement Asset Securitization Corp NY Rev Series A, 5% 6/1/2032
|
75,000
|
76,075
|
|
Transportation - 3.1%
|
|||
Metropolitan Transn Auth NY Rv 4% 11/15/2049
|
25,000
|
22,816
|
|
Metropolitan Transn Auth NY Rv Series 2015B, 4% 11/15/2045
|
250,000
|
235,244
|
|
Metropolitan Transn Auth NY Rv Series 2016 B, 5% 11/15/2037
|
325,000
|
326,807
|
|
Metropolitan Transn Auth NY Rv Series 2016 D, 3% 11/15/2032
|
50,000
|
47,491
|
|
Metropolitan Transn Auth NY Rv Series 2017 D, 4% 11/15/2042
|
95,000
|
91,683
|
|
Metropolitan Transn Auth NY Rv Series 2017C 1, 4% 11/15/2034
|
55,000
|
55,634
|
|
Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2028
|
25,000
|
26,043
|
|
Metropolitan Transn Auth NY Rv Series 2018 B, 5% 11/15/2027
|
20,000
|
20,682
|
|
Metropolitan Transn Auth NY Rv Series 2019 B, 4% 11/15/2049 (Assured Guaranty Inc Insured)
|
40,000
|
35,978
|
|
Metropolitan Transn Auth NY Rv Series 2019 B, 5% 11/15/2052
|
650,000
|
660,188
|
|
Metropolitan Transn Auth NY Rv Series 2020 A 1, 4% 11/15/2052
|
20,000
|
17,685
|
|
Metropolitan Transn Auth NY Rv Series 2021 A 1, 4% 11/15/2049
|
130,000
|
117,122
|
|
Metropolitan Transn Auth NY Rv Series 2024A, 5% 11/15/2044
|
25,000
|
26,725
|
|
Metropolitan Transn Auth NY Rv Series C 1, 4% 11/15/2046
|
120,000
|
111,031
|
|
Metropolitan Transn Auth NY Rv Series C 2, 3% 11/15/2038
|
25,000
|
21,303
|
|
New York St Twy Auth Gen Rev Series 2019 B, 3% 1/1/2046
|
300,000
|
233,126
|
|
New York St Twy Auth Gen Rev Series L, 5% 1/1/2034
|
70,000
|
72,294
|
|
New York St Twy Auth Gen Rev Series N, 4% 1/1/2047
|
250,000
|
238,522
|
|
New York St Twy Auth Gen Rev Series P, 5% 1/1/2031
|
25,000
|
27,596
|
|
New York St Twy Auth Gen Rev Series P, 5% 1/1/2033
|
10,000
|
11,361
|
|
New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2018, 5% 1/1/2030 (c)
|
30,000
|
30,813
|
|
New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2020, 4.375% 10/1/2045 (c)
|
330,000
|
318,804
|
|
New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2035 (c)
|
150,000
|
160,515
|
|
New York Transportation Development Corp (Jfk Intl New Terminal One Proj.) 5.125% 6/30/2060 (Assured Guaranty Inc Insured) (c)
|
200,000
|
202,085
|
|
New York Transportation Development Corp (Jfk Intl New Terminal One Proj.) 5.375% 6/30/2060 (c)
|
795,000
|
799,412
|
|
New York Transportation Development Corp (Jfk Intl Terminal 6 Proj.) 5.25% 12/31/2054 (Assured Guaranty Inc Insured) (c)
|
250,000
|
258,767
|
|
New York Transportation Development Corp (Laguardia Gateway Prtnrs Terminal B Proj.) Series 2016 A, 4% 1/1/2051 (Assured Guaranty Inc Insured) (c)
|
30,000
|
26,315
|
|
New York Transportation Development Corp (Laguardia Gateway Prtnrs Terminal B Proj.) Series 2016 A, 4% 7/1/2041 (c)
|
30,000
|
28,120
|
|
Port Auth NY & NJ Series 245, 5% 9/1/2054
|
110,000
|
115,917
|
|
Port Auth NY & NJ Series TWO HUNDRED EIGHTEEN, 4% 11/1/2034 (c)
|
75,000
|
76,045
|
|
Triborough Brdg & Tunl NY Revs 5% 11/15/2031
|
200,000
|
223,320
|
|
Triborough Brdg & Tunl NY Revs Series 2012B, 0% 11/15/2032 (b)
|
290,000
|
237,038
|
|
Triborough Brdg & Tunl NY Revs Series 2013A, 0% 11/15/2032 (b)
|
35,000
|
28,429
|
|
Triborough Brdg & Tunl NY Revs Series 2016A, 3% 11/15/2035
|
390,000
|
386,984
|
|
Triborough Brdg & Tunl NY Revs Series 2018 C, 5% 11/15/2037
|
25,000
|
26,082
|
|
Triborough Brdg & Tunl NY Revs Series 2019A, 5% 11/15/2049
|
45,000
|
45,801
|
|
Triborough Brdg & Tunl NY Revs Series 2024 A SUB A 1, 5.25% 11/15/2051
|
100,000
|
106,500
|
|
Triborough Brdg & Tunl NY Revs Series B, 5% 11/15/2036
|
90,000
|
91,542
|
|
TOTAL TRANSPORTATION
|
5,561,820
|
||
Water & Sewer - 1.7%
|
|||
New York Envir Fac Corp Clean Wtr & Drinking Wtr Series 2023 B, 5% 6/15/2032
|
210,000
|
237,842
|
|
New York Envir Fac Corp Clean Wtr & Drinking Wtr Series 2024A, 5% 6/15/2037
|
15,000
|
17,166
|
|
New York Envir Fac Corp Clean Wtr & Drinking Wtr Series 2024A, 5% 6/15/2038
|
85,000
|
96,727
|
|
New York NY Cty Muni Wtr Fin Auth 4% 6/15/2052
|
480,000
|
440,772
|
|
New York NY Cty Muni Wtr Fin Auth 5% 6/15/2052
|
130,000
|
136,522
|
|
New York NY Cty Muni Wtr Fin Auth 5.25% 6/15/2047
|
60,000
|
60,301
|
|
New York NY Cty Muni Wtr Fin Auth 5.25% 6/15/2049
|
65,000
|
66,438
|
|
New York NY Cty Muni Wtr Fin Auth Series 2017 EE, 5% 6/15/2036
|
60,000
|
61,215
|
|
New York NY Cty Muni Wtr Fin Auth Series 2018 AA, 5% 6/15/2037
|
5,000
|
5,097
|
|
New York NY Cty Muni Wtr Fin Auth Series 2018 FF, 5% 6/15/2040
|
135,000
|
139,328
|
|
New York NY Cty Muni Wtr Fin Auth Series 2019 DD 1, 4% 6/15/2049
|
165,000
|
150,098
|
|
New York NY Cty Muni Wtr Fin Auth Series 2019 FF 2, 4% 6/15/2037
|
80,000
|
80,668
|
|
New York NY Cty Muni Wtr Fin Auth Series 2020 AA, 5% 6/15/2027
|
150,000
|
153,760
|
|
New York NY Cty Muni Wtr Fin Auth Series 2020 BB1, 5% 6/15/2049
|
195,000
|
200,150
|
|
New York NY Cty Muni Wtr Fin Auth Series DD, 5% 6/15/2048
|
15,000
|
15,227
|
|
New York NY Cty Muni Wtr Fin Auth Series FISCAL 2020 CC 1, 4% 6/15/2049
|
35,000
|
32,103
|
|
New York NY Cty Muni Wtr Fin Auth Series FISCAL 2020 FF, 5% 6/15/2041
|
190,000
|
201,758
|
|
New York NY Cty Muni Wtr Fin Auth Series FISCAL 2022 SUB AA 1, 3.5% 6/15/2048
|
30,000
|
25,874
|
|
New York NY Cty Muni Wtr Fin Auth Series FISCAL2025AA SUB AA1, 5% 6/15/2051
|
255,000
|
267,890
|
|
New York NY Cty Muni Wtr Fin Auth Series FISCAL2025AA SUB AA1, 5.25% 6/15/2053
|
540,000
|
574,448
|
|
New York St Env Facs Corp Rev Series 2019 A, 5% 2/15/2049
|
30,000
|
30,932
|
|
Suffolk Cnty NY Wtr Auth Wtrwk Series 2018 A, 4% 6/1/2041
|
45,000
|
45,168
|
|
TOTAL WATER & SEWER
|
3,039,484
|
||
TOTAL NEW YORK
|
31,596,638
|
||
North Carolina - 0.6%
|
|||
General Obligations - 0.1%
|
|||
Mecklenburg Cnty NC Series 2022, 5% 9/1/2032
|
130,000
|
147,261
|
|
North Carolina St Gen. Oblig. Series 2018 A, 5% 6/1/2029
|
45,000
|
47,120
|
|
State of North Carolina (North Carolina St Proj.) Series 2020 B, 5% 5/1/2029
|
20,000
|
21,364
|
|
TOTAL GENERAL OBLIGATIONS
|
215,745
|
||
Health Care - 0.0%
|
|||
North Carolina Med Care Commn Health Care Facs Rev (Duke Univ Health System Inc Proj.) Series 2016 A, 5% 6/1/2028
|
65,000
|
67,959
|
|
Housing - 0.2%
|
|||
North Carolina Housing Finance Agency (NC Homeownership Proj.) Series 57 A, 6.25% 1/1/2056
|
260,000
|
290,120
|
|
Transportation - 0.3%
|
|||
North Carolina St Grant Antic Rev Series 2019, 5% 3/1/2031
|
110,000
|
116,424
|
|
North Carolina St Grant Antic Rev Series 2019, 5% 3/1/2033
|
75,000
|
79,025
|
|
North Carolina St Grant Antic Rev Series 2019, 5% 3/1/2034
|
40,000
|
42,050
|
|
North Carolina Tpk Auth Triangle Expwy Sys Rev 0% 1/1/2037 (Assured Guaranty Inc Insured) (b)
|
275,000
|
186,454
|
|
North Carolina Tpk Auth Triangle Expwy Sys Rev Series 2009B, 0% 1/1/2038 (Assured Guaranty Inc Insured) (b)
|
110,000
|
71,188
|
|
TOTAL TRANSPORTATION
|
495,141
|
||
TOTAL NORTH CAROLINA
|
1,068,965
|
||
North Dakota - 0.0%
|
|||
Housing - 0.0%
|
|||
North Dakota St Hsg Fin Agy (ND Single Family Hsg Proj.) 2.25% 7/1/2041
|
50,000
|
39,126
|
|
Ohio - 1.9%
|
|||
Education - 0.1%
|
|||
Ohio St Univ Gen Rcpts Series 2026 A, 5% 6/1/2035
|
165,000
|
190,838
|
|
General Obligations - 0.1%
|
|||
City of Columbus OH Gen. Oblig. Series 2016 A, 4% 8/15/2027
|
45,000
|
45,052
|
|
Southwest Licking OH Local Sch Dist Series 2017 A, 3.375% 11/1/2047
|
10,000
|
8,395
|
|
State of Ohio Gen. Oblig. Series 2017C, 5% 8/1/2026
|
25,000
|
25,048
|
|
State of Ohio Gen. Oblig. Series 2021 B, 5% 9/15/2031
|
215,000
|
239,195
|
|
TOTAL GENERAL OBLIGATIONS
|
317,690
|
||
Health Care - 0.8%
|
|||
Allen Cnty OH Hosp Facs Rev (Mercy Health/OH Proj.) Series 2015A, 4% 11/1/2044
|
265,000
|
251,433
|
|
Chillicothe Ohio Hosp Facs Rev (Adena Health Sys Proj.) Series 2017, 5% 12/1/2037
|
100,000
|
101,228
|
|
Cuyahoga Cnty Ohio Hosp Rev (Metro Health System, OH Proj.) Series 2017, 5% 2/15/2052
|
55,000
|
52,630
|
|
Hamilton Cnty OH Hosp Facs Rev (TriHealth Inc Proj.) Series 2020 A, 4% 8/15/2050
|
20,000
|
17,991
|
|
Ohio St Hsg Fin Agy Res Mtg Rev (Cleveland Clinic Foundation/The Proj.) 5% 1/1/2028
|
100,000
|
103,501
|
|
Ohio St Hsg Fin Agy Res Mtg Rev (Cleveland Clinic Foundation/The Proj.) Series 2017A, 5% 1/1/2027
|
175,000
|
176,990
|
|
Ohio St Hsg Fin Agy Res Mtg Rev (Cleveland Clinic Foundation/The Proj.) Series 2017A, 5% 1/1/2031
|
215,000
|
222,069
|
|
Ohio St Hsg Fin Agy Res Mtg Rev (Cleveland Clinic Foundation/The Proj.) Series 2017A, 5% 1/1/2032
|
160,000
|
165,118
|
|
Ohio St Hsg Fin Agy Res Mtg Rev (Cleveland Clinic Foundation/The Proj.) Series 2017A, 5% 1/1/2033
|
40,000
|
41,232
|
|
Scioto Cnty OH Hsp Facs Rev (Southern OH Medical Center Proj.) Series 2016, 3.5% 2/15/2038
|
285,000
|
264,492
|
|
TOTAL HEALTH CARE
|
1,396,684
|
||
Housing - 0.3%
|
|||
Ohio St Hsg Fin Agy Residential Mtg Rev (OH Residential Mortgage Proj.) Series 2021 C, 2.7% 9/1/2046
|
485,000
|
379,222
|
|
Ohio St Hsg Fin Agy Residential Mtg Rev (OH Residential Mortgage Proj.) Series 2021A, 3% 3/1/2052
|
85,000
|
84,007
|
|
TOTAL HOUSING
|
463,229
|
||
Special Tax - 0.0%
|
|||
Franklin Cnty Ohio Sales Tax Rev Series 2018, 5% 6/1/2048
|
30,000
|
30,576
|
|
Tobacco Bonds - 0.2%
|
|||
Buckeye OH Tobacco Settlement Fing Auth Series 2020A 2 CL 1, 5% 6/1/2034
|
320,000
|
340,256
|
|
Transportation - 0.2%
|
|||
Columbus OH Regl Arpt Au Rev 5% 1/1/2038 (c)
|
250,000
|
271,771
|
|
Ohio St Tpk Commn Tpk Rev 5% 2/15/2051
|
50,000
|
51,489
|
|
Ohio St Tpk Commn Tpk Rev Series 2013 A 2, 0% 2/15/2037 (b)
|
20,000
|
13,666
|
|
Ohio St Tpk Commn Tpk Rev Series 2013 A 2, 0% 2/15/2041 (b)
|
60,000
|
33,821
|
|
Ohio St Tpk Commn Tpk Rev Series 2013 A 2, 0% 2/15/2043 (b)
|
25,000
|
12,890
|
|
TOTAL TRANSPORTATION
|
383,637
|
||
Water & Sewer - 0.2%
|
|||
Ohio St Wtr Dev Ath Wtr Poll Ctl Rev 5% 12/1/2033
|
30,000
|
34,160
|
|
Ohio St Wtr Dev Ath Wtr Poll Ctl Rev Series 2017 A, 5% 12/1/2028
|
30,000
|
30,665
|
|
Ohio St Wtr Dev Ath Wtr Poll Ctl Rev Series 2019 B, 3% 6/1/2046
|
90,000
|
71,769
|
|
Ohio St Wtr Dev Ath Wtr Poll Ctl Rev Series 2020 A, 5% 12/1/2040
|
80,000
|
84,822
|
|
Ohio St Wtr Dev Ath Wtr Poll Ctl Rev Series 2020 A, 5% 6/1/2033
|
90,000
|
97,193
|
|
Ohio Water Dev Authority (Ohio St Wtr Dev Ath Wtr Poll Ctl Rev Proj.) Series 2019A, 5% 6/1/2027
|
55,000
|
56,281
|
|
TOTAL WATER & SEWER
|
374,890
|
||
TOTAL OHIO
|
3,497,800
|
||
Oklahoma - 0.4%
|
|||
Health Care - 0.0%
|
|||
OK Dev Fin Auth Health Sys Rev (OU Medicine Inc Proj.) Series 2018 B, 4% 8/15/2048 (Assured Guaranty Inc Insured)
|
140,000
|
120,343
|
|
Special Tax - 0.1%
|
|||
Edmond OK Pub Wks Auth Sales Tax & Util Sys Rev Series 2017, 4% 7/1/2047
|
145,000
|
134,851
|
|
Transportation - 0.3%
|
|||
Oklahoma St Tpk Auth Tpk Rev 4.25% 1/1/2055 (Assured Guaranty Inc Insured)
|
475,000
|
463,756
|
|
Oklahoma St Tpk Auth Tpk Rev Series 2017 A, 4% 1/1/2047
|
35,000
|
33,389
|
|
TOTAL TRANSPORTATION
|
497,145
|
||
Water & Sewer - 0.0%
|
|||
Oklahoma St Wtr Res Brd Rev Fd Series 2023 A, 4.125% 4/1/2053
|
20,000
|
18,917
|
|
TOTAL OKLAHOMA
|
771,256
|
||
Oregon - 0.3%
|
|||
General Obligations - 0.1%
|
|||
Deschutes Ore Pub Libr Dist Gen. Oblig. Series 2021, 3% 12/1/2041
|
205,000
|
181,418
|
|
Health Care - 0.2%
|
|||
Medford OR Hosp Facs Auth Rev (Asante Health System Proj.) Series 2020 A, 4% 8/15/2050
|
100,000
|
87,856
|
|
Medford OR Hosp Facs Auth Rev (Asante Health System Proj.) Series 2020 A, 5% 8/15/2045
|
50,000
|
51,263
|
|
Oregon St Facs Auth Rev (Legacy Health System, or Proj.) Series 2022 A, 5% 6/1/2052
|
230,000
|
233,660
|
|
Salem OR Hosp Fac Auth Rev (Salem Health Proj.) Series 2019 A, 3% 5/15/2049
|
45,000
|
33,869
|
|
TOTAL HEALTH CARE
|
406,648
|
||
TOTAL OREGON
|
588,066
|
||
Pennsylvania - 4.3%
|
|||
General Obligations - 0.9%
|
|||
Commonwealth Financing Authority (Pennsylvania St Proj.) Series 2018, 4% 6/1/2039 (Assured Guaranty Inc Insured)
|
60,000
|
59,279
|
|
Pennsylvania St Gen. Oblig. 5% 9/1/2032
|
15,000
|
16,883
|
|
Pennsylvania St Gen. Oblig. 5% 9/15/2029
|
100,000
|
100,497
|
|
Pennsylvania St Gen. Oblig. Series 2016, 3% 9/15/2036
|
45,000
|
42,248
|
|
Pennsylvania St Gen. Oblig. Series 2018, 3.75% 3/1/2039 (Assured Guaranty Inc Insured)
|
510,000
|
509,438
|
|
Pennsylvania St Gen. Oblig. Series 2026, 5% 4/1/2034
|
175,000
|
200,193
|
|
Pennsylvania St Gen. Oblig. Series FIRST 2021, 2% 5/15/2039
|
200,000
|
157,339
|
|
Pennsylvania St Gen. Oblig. Series FIRST 2022, 5% 10/1/2032
|
40,000
|
45,071
|
|
Pennsylvania St Gen. Oblig. Series FIRST 2022, 5% 10/1/2038
|
20,000
|
22,005
|
|
Pennsylvania St Gen. Oblig. Series FIRST 2024, 5% 8/15/2033
|
60,000
|
68,244
|
|
Pennsylvania St Gen. Oblig. Series SECOND 2016, 5% 1/15/2028
|
145,000
|
146,969
|
|
Philadelphia PA Gen. Oblig. Series 2021 A, 4% 5/1/2041
|
135,000
|
135,333
|
|
Philadelphia PA Sch Dist 5% 6/1/2027 (National Public Finance Guarantee Corporation Insured)
|
50,000
|
51,068
|
|
Philadelphia PA Sch Dist Series 2018 B, 4% 9/1/2043 (Assured Guaranty Inc Insured)
|
30,000
|
29,658
|
|
Philadelphia PA Sch Dist Series 2019 A, 5% 9/1/2044
|
55,000
|
56,880
|
|
State Pub Sch Bldg Auth PA Sch Rev (Harrisburg PA Sch Dist Proj.) Series 2016 A, 4% 12/1/2031
|
110,000
|
110,536
|
|
TOTAL GENERAL OBLIGATIONS
|
1,751,641
|
||
Health Care - 1.4%
|
|||
Alleg Cnty PA Dev Auth (Allegheny Health System Proj.) Series 2018A, 4% 4/1/2038
|
5,000
|
4,948
|
|
Alleg Cnty PA Dev Auth (Allegheny Health System Proj.) Series 2018A, 5% 4/1/2027
|
150,000
|
152,112
|
|
Alleg Cnty PA Dev Auth (Allegheny Health System Proj.) Series 2018A, 5% 4/1/2032
|
300,000
|
308,713
|
|
Alleg Cnty PA Dev Auth (Allegheny Health System Proj.) Series 2018A, 5% 4/1/2047
|
200,000
|
201,448
|
|
Alleg Cnty PA Dev Auth (UPMC Proj.) Series 2019 A, 4% 7/15/2039
|
90,000
|
88,447
|
|
Alleg Cnty PA Dev Auth (UPMC Proj.) Series 2019 A, 5% 7/15/2031
|
160,000
|
169,089
|
|
Alleg Cnty PA Dev Auth (UPMC Proj.) Series 2019 A, 5% 7/15/2032
|
450,000
|
475,246
|
|
Alleg Cnty PA Dev Auth (UPMC Proj.) Series 2019 A, 5% 7/15/2033
|
110,000
|
115,858
|
|
Geisinger Auth PA Hlth Sys Rev (Kaiser Permanente Hlth System Proj.) Series 2017 A 2, 4% 2/15/2039
|
200,000
|
197,316
|
|
Lancaster Cnty PA Hosp Aut Rev (Univ of Penn Health Systems Proj.) Series 2016 A, 5% 8/15/2042
|
10,000
|
10,017
|
|
Lehigh Cnty PA Gen Purp Auth Hosp Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2012B, 4% 7/1/2043
|
40,000
|
37,509
|
|
Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2019, 4% 9/1/2044
|
90,000
|
85,363
|
|
Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2022 B, 3.125% 5/1/2053 (Assured Guaranty Inc Insured)
|
190,000
|
139,419
|
|
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) Series 2020 A, 4% 4/15/2050
|
25,000
|
22,803
|
|
Pennsylvania St Higher Edl Rev (Univ of Penn Health Systems Proj.) Series 2016 C, 4% 8/15/2041
|
100,000
|
98,087
|
|
Philadelphia PA Auth For Indl Dev Hosp Rev (Childrens Hosp of Phil, PA Proj.) Series 2017, 4% 7/1/2037
|
5,000
|
5,009
|
|
Philadelphia PA Auth For Indl Dev Revs (Thomas Jefferson Univ-Abiington Proj.) Series 2017 A, 5% 9/1/2042
|
435,000
|
436,275
|
|
TOTAL HEALTH CARE
|
2,547,659
|
||
Housing - 0.4%
|
|||
Pennsylvania Hsg Fin Agy Single Family Mtg (PA Single Family Mortgage Proj.) Series 124A, 4% 10/1/2038 (c)
|
25,000
|
24,982
|
|
Pennsylvania Hsg Fin Agy Single Family Mtg (PA Single Family Mortgage Proj.) Series 2017 125 B, 3.65% 10/1/2042
|
140,000
|
135,330
|
|
Pennsylvania Hsg Fin Agy Single Family Mtg (PA Single Family Mortgage Proj.) Series B, 3.45% 10/1/2032
|
5,000
|
4,981
|
|
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2019 129, 3.15% 10/1/2039
|
220,000
|
202,305
|
|
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 136, 2.07% 10/1/2036
|
210,000
|
172,406
|
|
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2023 142A, 4.5% 10/1/2038
|
110,000
|
113,321
|
|
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2025 148A, 4.625% 10/1/2045
|
105,000
|
106,833
|
|
TOTAL HOUSING
|
760,158
|
||
Other - 0.1%
|
|||
Chester Cnty PA Indl Dev Auth (Longwood Gardens Proj.) Series 2021, 4% 12/1/2046
|
165,000
|
157,385
|
|
Special Tax - 0.1%
|
|||
Pennsylvania St Tpk Comm Oil Franchise Tax Rev Series 2021 B, 4% 12/1/2053 (Pacific Life Insurance Co Guaranteed)
|
130,000
|
118,406
|
|
Transportation - 1.3%
|
|||
Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2021 A, 5% 1/1/2051 (c)
|
465,000
|
469,793
|
|
Delaware Riv Port Auth PA & NJ Series 2018 A, 5% 1/1/2032
|
20,000
|
21,104
|
|
Pennslyvania Dev Fing Auth Rev (Plenary Walsh Keystone Partners LLC Proj.) Series 2015, 4.125% 12/31/2038 (c)
|
25,000
|
24,214
|
|
Pennsylvania Econ Dev Fing Auth Private Activity Rev (PA Dot Major Bridges I Proj.) 5% 12/31/2057 (Assured Guaranty Inc Insured) (c)
|
275,000
|
279,432
|
|
Pennsylvania Turnpike Commission Series 2017, 5% 12/1/2040
|
50,000
|
51,132
|
|
Pennsylvania Turnpike Commission Series 2019 A, 5% 12/1/2035
|
35,000
|
37,133
|
|
Pennsylvania Turnpike Commission Series 2019 A, 5% 12/1/2049
|
200,000
|
204,869
|
|
Pennsylvania Turnpike Commission Series 2021 A, 4% 12/1/2045
|
180,000
|
174,208
|
|
Pennsylvania Turnpike Commission Series 2024, 5% 12/1/2040
|
850,000
|
941,627
|
|
Pennsylvania Turnpike Commission Series A 1, 4% 12/1/2041
|
60,000
|
59,817
|
|
Pennsylvania Turnpike Commission Series B 1, 5.25% 6/1/2047
|
55,000
|
55,716
|
|
TOTAL TRANSPORTATION
|
2,319,045
|
||
Water & Sewer - 0.1%
|
|||
Philadelphia PA Wtr & Wastewtr Series 2021 C, 4% 10/1/2051
|
230,000
|
209,446
|
|
Pittsburgh PA Wtr & Swr Auth 0% 9/1/2028 (National Public Finance Guarantee Corporation Insured) (b)
|
20,000
|
18,752
|
|
TOTAL WATER & SEWER
|
228,198
|
||
TOTAL PENNSYLVANIA
|
7,882,492
|
||
South Carolina - 1.1%
|
|||
Electric Utilities - 0.4%
|
|||
South Carolina St Svc Auth Rev 3% 12/1/2041
|
30,000
|
25,430
|
|
South Carolina St Svc Auth Rev 4% 12/1/2037
|
265,000
|
267,379
|
|
South Carolina St Svc Auth Rev Series 2021B, 4% 12/1/2047
|
45,000
|
42,200
|
|
South Carolina St Svc Auth Rev Series 2022 A, 5% 12/1/2044
|
125,000
|
132,142
|
|
South Carolina St Svc Auth Rev Series 2024B, 5% 12/1/2046
|
125,000
|
132,538
|
|
South Carolina St Svc Auth Rev Series B, 5% 12/1/2041
|
200,000
|
201,144
|
|
TOTAL ELECTRIC UTILITIES
|
800,833
|
||
General Obligations - 0.1%
|
|||
Patriots Energy Group Financing Agency Series 2023 A 1, 5.25% tender 10/1/2054 (Sumitomo Mitsui Banking Corp/New York Guaranteed) (d)
|
190,000
|
203,867
|
|
Health Care - 0.4%
|
|||
South Carolina Jobs-Economic Dev Auth Health Care Facs Rev (Novant Health Inc Proj.) Series 2024 A, 5% 11/1/2038
|
300,000
|
328,489
|
|
South Carolina Jobs-Economic Dev Auth Health Care Facs Rev (Novant Health Inc Proj.) Series 2024 A, 5.5% 11/1/2050
|
200,000
|
214,348
|
|
South Carolina Jobs-Economic Dev Auth Health Care Facs Rev (Novant Health Inc Proj.) Series 2024 A, 5.5% 11/1/2054
|
105,000
|
111,942
|
|
TOTAL HEALTH CARE
|
654,779
|
||
Special Tax - 0.0%
|
|||
South Carolina Trans Infrastructure Bank Rev Series 2017 A, 5% 10/1/2038
|
85,000
|
86,879
|
|
Transportation - 0.1%
|
|||
South Carolina St Ports Auth Series 2019 A, 5% 7/1/2054
|
115,000
|
116,514
|
|
Water & Sewer - 0.1%
|
|||
Charleston SC Wtrwks & Swr Series 2022, 5% 1/1/2047
|
130,000
|
137,327
|
|
TOTAL SOUTH CAROLINA
|
2,000,199
|
||
Tennessee - 1.0%
|
|||
Education - 0.1%
|
|||
Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd (Belmont University Proj.) Series 2021, 4% 5/1/2051
|
30,000
|
25,958
|
|
Tennessee St Sch Bd Auth (Tennessee Board of Regents Proj.) Series 2017A, 5% 11/1/2042
|
105,000
|
107,351
|
|
TOTAL EDUCATION
|
133,309
|
||
General Obligations - 0.4%
|
|||
Metropolitan Govt Nashville & Davidson Cnty TN Gen. Oblig. 5% 1/1/2029
|
225,000
|
238,595
|
|
Metropolitan Govt Nashville & Davidson Cnty TN Gen. Oblig. 5% 1/1/2031
|
300,000
|
329,925
|
|
Tennessee Engy Acq Crp Gas Rev 5% 2/1/2027 (Goldman Sachs Group Inc/The Guaranteed)
|
10,000
|
10,083
|
|
Tennessee Engy Acq Crp Gas Rev 5.25% 9/1/2026 (Goldman Sachs Group Inc/The Guaranteed)
|
15,000
|
15,049
|
|
Tennessee Engy Acq Crp Gas Rev Series 2026A, 5% 11/1/2034 (Massachusetts Mutual Life Insurance Co Guaranteed)
|
205,000
|
219,055
|
|
TOTAL GENERAL OBLIGATIONS
|
812,707
|
||
Health Care - 0.3%
|
|||
Chatanooga TN Health Ed & Hsg Fac Brd Rev (CommonSpirit Health Proj.) Series 2019A 1, 3.25% 8/1/2044
|
30,000
|
25,865
|
|
Knox Cnty Tenn Health Edl & Hsg Fac Brd Hosp Rev (Covenant Health TN Proj.) Series 2016 A, 4% 1/1/2042
|
10,000
|
10,002
|
|
Knox Cnty Tenn Health Edl & Hsg Fac Brd Hosp Rev (East Tenn Children's Hospital Proj.) Series 2019, 4% 11/15/2043
|
55,000
|
51,584
|
|
Metro Gov Nashville & Davidson Cnty Tenn Hlth & Edl Facs Brd Rev (Vanderbilt Hospital, TN Proj.) Series 2016 A, 5% 7/1/2040
|
70,000
|
70,000
|
|
Metro Gov Nashville & Davidson Cnty Tenn Hlth & Edl Facs Brd Rev (Vanderbilt Hospital, TN Proj.) Series 2017A, 5% 7/1/2048
|
160,000
|
160,771
|
|
Metro Gov Nashville & Davidson Cnty Tenn Hlth & Edl Facs Brd Rev (Vanderbilt Hospital, TN Proj.) Series 2024A, 5% 7/1/2034
|
160,000
|
179,110
|
|
TOTAL HEALTH CARE
|
497,332
|
||
Other - 0.1%
|
|||
Metropolitan Govt Nashville & Davidson Cnty TN Gen. Oblig. Series 2026 A, 5% 1/1/2034
|
105,000
|
120,192
|
|
Transportation - 0.1%
|
|||
Metro Nashville Arpt Auth Rev Series 2019A, 4% 7/1/2049
|
90,000
|
85,672
|
|
Metro Nashville Arpt Auth Rev Series 2019A, 4% 7/1/2054
|
35,000
|
32,531
|
|
Metro Nashville Arpt Auth Rev Series 2019A, 5% 7/1/2044
|
65,000
|
67,678
|
|
TOTAL TRANSPORTATION
|
185,881
|
||
TOTAL TENNESSEE
|
1,749,421
|
||
Texas - 8.2%
|
|||
Education - 0.9%
|
|||
Arlington Higher Education Finance Corp Series 2021 A, 3% 2/15/2046 (Permanent Sch Fund of Texas Guaranteed)
|
210,000
|
165,757
|
|
Board of Regents of the University of Texas System Series 2017 B, 3.375% 8/15/2044
|
40,000
|
35,824
|
|
Board of Regents of the University of Texas System Series 2019 A, 5% 8/15/2031
|
85,000
|
90,640
|
|
Board of Regents of the University of Texas System Series 2020 A, 3.5% 8/15/2050
|
55,000
|
46,159
|
|
Board of Regents of the University of Texas System Series 2024B, 5% 8/15/2029
|
175,000
|
187,463
|
|
Board of Regents of the University of Texas System Series 2024B, 5% 8/15/2035
|
255,000
|
294,695
|
|
Board of Regents of the University of Texas System Series 2024B, 5% 8/15/2041
|
155,000
|
171,429
|
|
Clifton Higher Education Finance Corp (IDEA Public Schools Proj.) Series 2021 T, 4% 8/15/2047
|
25,000
|
23,561
|
|
University TX Perm Univ Fd Series 2024 A, 5% 7/1/2037
|
200,000
|
225,156
|
|
University TX Perm Univ Fd Series 2024B, 5% 7/1/2038
|
200,000
|
224,052
|
|
Waco Texas Educat Fin Corp Rev (Baylor University Proj.) 4% 3/1/2046
|
205,000
|
198,191
|
|
TOTAL EDUCATION
|
1,662,927
|
||
Electric Utilities - 0.5%
|
|||
Lower Colorado River Authority Series 2023A, 5.25% 5/15/2048
|
175,000
|
184,771
|
|
Matagorda Cnty TX Nav Dist No1 (AEP Texas Central Co Proj.) 4.4% 5/1/2030 (Ambac Assurance Corp Insured)
|
20,000
|
20,990
|
|
San Antonio TX Elec & Gas Rev Series 2019, 5% 2/1/2035
|
140,000
|
148,686
|
|
San Antonio TX Elec & Gas Rev Series 2023A, 5% 2/1/2032
|
100,000
|
111,281
|
|
San Antonio TX Elec & Gas Rev Series 2024 A, 5% 2/1/2038
|
215,000
|
239,949
|
|
San Antonio TX Elec & Gas Rev Series 2024D, 5.25% 2/1/2049
|
170,000
|
181,757
|
|
TOTAL ELECTRIC UTILITIES
|
887,434
|
||
Escrowed/Pre-Refunded - 0.0%
|
|||
Midland County Fresh Water Supply District No 1 Series 2012 A, 0% 9/15/2035 (Pre-refunded to 9/15/2027 at 68.05) (b)
|
5,000
|
3,297
|
|
General Obligations - 2.8%
|
|||
Aldine TX Indpt Sch Dist Series 2024, 4% 2/15/2054
|
100,000
|
91,953
|
|
Austin TX Indpt Sch Dist 5% 8/1/2041
|
220,000
|
238,728
|
|
Cleveland TX Indpt Sch Dist Series 2020 A, 4% 2/15/2052 (Permanent Sch Fund of Texas Guaranteed)
|
150,000
|
136,335
|
|
Conroe TX Isd Series 2024, 5% 2/15/2037 (Permanent Sch Fund of Texas Guaranteed)
|
235,000
|
264,318
|
|
Cypress-Fairbanks TX Isd Series 2023, 4% 2/15/2048 (Permanent Sch Fund of Texas Guaranteed)
|
415,000
|
396,160
|
|
Dallas TX Gen. Oblig. Series 2024 B, 5% 2/15/2032
|
110,000
|
122,095
|
|
Dallas TX ISD 5% 2/15/2033 (Permanent Sch Fund of Texas Guaranteed)
|
260,000
|
293,204
|
|
Dallas TX ISD 5% 2/15/2048
|
100,000
|
104,518
|
|
Dallas TX ISD Series 2019 B, 4% 2/15/2032 (Permanent Sch Fund of Texas Guaranteed)
|
20,000
|
20,533
|
|
Denton Independent School District Series 2023, 5% 8/15/2034 (Permanent Sch Fund of Texas Guaranteed)
|
210,000
|
238,212
|
|
Eagle Mtn & Saginaw TX Isd Series 2019, 4% 8/15/2050 (Permanent Sch Fund of Texas Guaranteed)
|
105,000
|
96,619
|
|
Harris Cnty TX Flood Ctl Dist (Harris Cnty TX Proj.) Gen. Oblig. Series 2021 A, 4% 10/1/2046
|
100,000
|
97,061
|
|
Houston TX Gen. Oblig. Series 2019 A, 5% 3/1/2028
|
100,000
|
104,210
|
|
Houston TX Gen. Oblig. Series 2023, 5.25% 3/1/2043
|
125,000
|
136,417
|
|
Klein TX Indpt Sch Dist Series 2017, 4% 8/1/2046
|
215,000
|
204,658
|
|
Lamar TX Isd Series 2023 A, 5% 2/15/2053 (Permanent Sch Fund of Texas Guaranteed)
|
200,000
|
206,972
|
|
Leander Independent School District Series 2016 A, 0% 8/16/2044 (Permanent Sch Fund of Texas Guaranteed) (b)
|
10,000
|
4,467
|
|
Northwest Tex Indpt Sch Dist Series 2025, 5% 2/15/2055 (Permanent Sch Fund of Texas Guaranteed)
|
190,000
|
197,956
|
|
Plano Independent School District 5% 2/15/2028
|
150,000
|
156,224
|
|
Plano Independent School District 5% 2/15/2042
|
140,000
|
150,501
|
|
Prosper Tex Indpt Sch Dist Series 2023, 4% 2/15/2053
|
20,000
|
18,543
|
|
San Antonio TX Gen. Oblig. Series 2019, 3% 8/1/2035
|
105,000
|
100,613
|
|
San Jacinto TX Cmnty College Dist Gen. Oblig. Series 2019A, 5% 2/15/2044
|
175,000
|
180,528
|
|
Texas Mun Gas Acquisition & Supply Corp IV Gas Supply Rev Series 2023A, 5.5% tender 1/1/2054 (BP PLC Guaranteed) (d)
|
250,000
|
264,833
|
|
Texas Municipal Gas Acquisition & Supply Corp III Series 2021, 5% 12/15/2031 (Macquarie Group Ltd Guaranteed)
|
320,000
|
338,394
|
|
Texas Municipal Gas Acquisition And Supply Corp VI Series 2025, 5% 1/1/2036 (Bank of America Corp Guaranteed)
|
180,000
|
190,617
|
|
Texas State Gen. Oblig. Series 2025, 5% 10/1/2035
|
360,000
|
416,089
|
|
Texas State Gen. Oblig. Series A, 5% 10/1/2033
|
50,000
|
51,277
|
|
Texas State Gen. Oblig. Series B, 5% 10/1/2029
|
100,000
|
102,987
|
|
Texas State Gen. Oblig. Series B, 5% 10/1/2033
|
25,000
|
25,639
|
|
Texas Transn Commn (Texas State Proj.) Gen. Oblig. Series 2024, 5% 4/1/2033
|
130,000
|
147,143
|
|
Waller TX Indpt Sch Dist Series 2020, 4% 2/15/2050 (Permanent Sch Fund of Texas Guaranteed)
|
100,000
|
92,595
|
|
TOTAL GENERAL OBLIGATIONS
|
5,190,399
|
||
Health Care - 0.5%
|
|||
Harris Cnty TX Cultural Ed Facs Fin Corp Rev (Memorial Hermann Hosp System Proj.) 5% 7/1/2033
|
110,000
|
122,880
|
|
Harris Cnty TX Cultural Ed Facs Fin Corp Rev (Methodist Healthcare Sys, TX Proj.) Series 2015, 4% 12/1/2045
|
75,000
|
70,371
|
|
Harris Cnty TX Cultural Ed Facs Fin Corp Rev (Texas Childrens Hospital, TX Proj.) Series 2024A, 5% 10/1/2029
|
160,000
|
171,027
|
|
Tarrant Cnty TX Cultural Ed Facs Fin Corp Rev (Ascension Health Credit Group Proj.) Series 2025 C2, 5% tender 11/15/2051 (d)
|
165,000
|
186,101
|
|
Tarrant Cnty TX Cultural Ed Facs Fin Corp Rev (Christus Health Proj.) Series 2018 B, 5% 7/1/2032
|
360,000
|
376,515
|
|
TOTAL HEALTH CARE
|
926,894
|
||
Housing - 0.1%
|
|||
Texas Dept Hsg & Cmnty Affrs Res Mtg Rev Series 2024 C, 5% 1/1/2049
|
145,000
|
150,016
|
|
Texas St Dept Hsg & Cmnty Sfr (TX Single Family Mortgage Proj.) 3% 3/1/2050
|
30,000
|
23,737
|
|
TOTAL HOUSING
|
173,753
|
||
Other - 0.0%
|
|||
Katy TX Ind Sch Dist Series 2025, 5% 2/15/2050
|
130,000
|
136,981
|
|
Special Tax - 0.4%
|
|||
Dallas TX Rapid Transit Sales Tax Rev Series 2016 B, 4% 12/1/2038
|
350,000
|
350,157
|
|
Harris Cnty Houston Tex Sports Auth Rev Series A, 0% 11/15/2048 (Assured Guaranty Inc Insured) (b)
|
10,000
|
3,373
|
|
Harris Cnty Houston Tex Sports Auth Rev Series A, 0% 11/15/2049 (Assured Guaranty Inc Insured) (b)
|
25,000
|
7,972
|
|
Houston TX Hotel Occ Tx & Spl Rev Series 2026 C, 5.5% 9/1/2058
|
175,000
|
188,036
|
|
Texas Transn Commn Gen. Oblig. Series 2024, 5% 4/1/2030
|
100,000
|
108,616
|
|
TOTAL SPECIAL TAX
|
658,154
|
||
Transportation - 1.9%
|
|||
Austin Tex Airport Sys Series 2026 B, 5% 11/15/2051 (c)
|
110,000
|
112,699
|
|
Central Texas Turnpike Series 2024 C, 5% 8/15/2039
|
140,000
|
153,035
|
|
Central TX Regl Mobility Auth Rev Series 2016, 3.375% 1/1/2041
|
20,000
|
17,656
|
|
City of Houston TX Airport System Revenue Series 2018 B, 5% 7/1/2030
|
100,000
|
104,412
|
|
City of Houston TX Airport System Revenue Series 2018D, 5% 7/1/2038
|
75,000
|
77,553
|
|
City of Houston TX Airport System Revenue Series 2023A, 5.25% 7/1/2053 (Assured Guaranty Inc Insured) (c)
|
135,000
|
140,436
|
|
Dallas Fort Worth International Airport Series 2020 A, 5% 11/1/2030
|
55,000
|
60,044
|
|
Dallas Fort Worth International Airport Series 2020 A, 5% 11/1/2031
|
70,000
|
76,228
|
|
Dallas Fort Worth International Airport Series 2020 B, 5% 11/1/2033
|
95,000
|
102,913
|
|
Dallas Fort Worth International Airport Series 2021 A, 3% 11/1/2040
|
315,000
|
274,415
|
|
Dallas Fort Worth International Airport Series 2022B, 4% 11/1/2045
|
20,000
|
19,534
|
|
Dallas Fort Worth International Airport Series 2025 A 1, 5% 11/1/2034 (c)
|
170,000
|
189,421
|
|
Dallas Fort Worth International Airport Series 2025 A 1, 5% 11/1/2035 (c)
|
200,000
|
220,881
|
|
Grand Parkway Transportation Corp (Grand Parkway Trans Corp Tela Proj.) Series 2018 A, 5% 10/1/2037
|
40,000
|
41,252
|
|
Grand Parkway Transportation Corp Series 2018 A, 5% 10/1/2048
|
250,000
|
254,439
|
|
Harris Cnty Tex Toll Rd Rev (Harris County Toll Road Auth Proj.) Series 2018 A, 4% 8/15/2048
|
40,000
|
37,202
|
|
North TX Twy Auth Rev 0% 1/1/2030 (Assured Guaranty Inc Insured) (b)
|
35,000
|
31,586
|
|
North TX Twy Auth Rev 0% 1/1/2035 (Assured Guaranty Inc Insured) (b)
|
5,000
|
3,750
|
|
North TX Twy Auth Rev 0% 1/1/2036 (Assured Guaranty Inc Insured) (b)
|
65,000
|
46,643
|
|
North TX Twy Auth Rev Series 2018, 4.25% 1/1/2049
|
55,000
|
52,825
|
|
North TX Twy Auth Rev Series 2018, 5% 1/1/2048
|
20,000
|
20,286
|
|
North TX Twy Auth Rev Series 2020A, 3% 1/1/2037
|
150,000
|
141,406
|
|
North TX Twy Auth Rev Series 2024A, 5% 1/1/2032
|
300,000
|
333,026
|
|
North TX Twy Auth Rev Series B, 4% 1/1/2036 (Assured Guaranty Inc Insured)
|
185,000
|
185,518
|
|
Texas Private Activity Bd Surface Transn Corp Rev (Lbj Infrastructure Group LLC Proj.) 4% 6/30/2037
|
40,000
|
39,834
|
|
Texas Private Activity Bd Surface Transn Corp Rev (Lbj Infrastructure Group LLC Proj.) 4% 6/30/2040
|
100,000
|
97,615
|
|
Texas Private Activity Bd Surface Transn Corp Rev (NTE Mobility Partners Segments 3 LLC Proj.) Series 2019, 5% 6/30/2058 (c)
|
170,000
|
167,617
|
|
Texas Private Activity Bd Surface Transn Corp Rev Series 2019 A, 5% 12/31/2032
|
75,000
|
79,225
|
|
Texas St Tpk Auth Cent TX Tpk Sys Rev (Central Texas Turnpike Proj.) 0% 8/15/2029 (Ambac Assurance Corp Insured) (b)
|
35,000
|
31,651
|
|
Texas Transportation Finance Corp (Sh 288 Tollroad Proj.) Series 2025A, 5.25% 10/1/2055
|
200,000
|
213,253
|
|
TOTAL TRANSPORTATION
|
3,326,355
|
||
Water & Sewer - 1.1%
|
|||
Houston TX Util Sys Rev 3% 11/15/2047
|
220,000
|
168,800
|
|
Houston TX Util Sys Rev 4% 11/15/2049
|
25,000
|
23,033
|
|
Houston TX Util Sys Rev Series 2019B, 4% 11/15/2044
|
55,000
|
53,782
|
|
Houston TX Util Sys Rev Series 2024 A, 5% 11/15/2036
|
20,000
|
22,417
|
|
North TX Muni Wtr Dist TX Wtr Sys Rev Series 2025, 5% 9/1/2055
|
110,000
|
114,796
|
|
San Antonio TX Wtr Rev Series 2021 A, 4% 5/15/2051
|
300,000
|
273,611
|
|
Texas Wtr Dev Brd 3% 10/15/2040
|
100,000
|
89,367
|
|
Texas Wtr Dev Brd Series 2017 A, 5% 10/15/2047
|
60,000
|
60,775
|
|
Texas Wtr Dev Brd Series 2018A, 4% 10/15/2032
|
50,000
|
50,786
|
|
Texas Wtr Dev Brd Series 2018A, 4% 10/15/2037
|
40,000
|
40,218
|
|
Texas Wtr Dev Brd Series 2019 A, 3% 10/15/2039
|
375,000
|
340,562
|
|
Texas Wtr Dev Brd Series 2019 A, 4% 10/15/2049
|
355,000
|
335,691
|
|
Texas Wtr Dev Brd Series 2023 A, 4.75% 10/15/2043
|
160,000
|
169,705
|
|
Texas Wtr Dev Brd Series 2025, 4.8% 10/15/2056
|
225,000
|
228,046
|
|
TOTAL WATER & SEWER
|
1,971,589
|
||
TOTAL TEXAS
|
14,937,783
|
||
Utah - 0.6%
|
|||
Electric Utilities - 0.1%
|
|||
Intermountain Pwr Agy UT Pwr Series 2023 A, 5% 7/1/2033
|
145,000
|
160,962
|
|
Intermountain Pwr Agy UT Pwr Series 2023 A, 5% 7/1/2041
|
100,000
|
107,598
|
|
TOTAL ELECTRIC UTILITIES
|
268,560
|
||
Health Care - 0.0%
|
|||
Utah Cnty Utah Hosp Rev (IHC Health Services Inc Proj.) Series 2016B, 5% 5/15/2046
|
35,000
|
35,021
|
|
Transportation - 0.5%
|
|||
Salt Lake City UT Arpt Rev 5% 7/1/2051 (c)
|
320,000
|
324,192
|
|
Salt Lake City UT Arpt Rev Series 2017A, 5% 7/1/2029 (c)
|
525,000
|
535,354
|
|
TOTAL TRANSPORTATION
|
859,546
|
||
TOTAL UTAH
|
1,163,127
|
||
Virginia - 1.5%
|
|||
Education - 0.1%
|
|||
University VA Univ Revs Series 2017 A, 5% 4/1/2042
|
225,000
|
227,950
|
|
General Obligations - 0.8%
|
|||
Chesterfield Cnty VA Economic Dev Auth Rev (Chesterfield Cnty VA Proj.) 4% 4/1/2050
|
80,000
|
75,626
|
|
Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2019 C, 5% 2/1/2030
|
15,000
|
15,893
|
|
Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2019A, 5% 2/1/2029
|
95,000
|
100,841
|
|
Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2021 A, 3% 2/1/2036
|
110,000
|
104,709
|
|
Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2021 A, 5% 2/1/2030
|
160,000
|
172,998
|
|
Virginia College Bldg Auth Edl (Virginia St Proj.) Series 2023 A, 5% 2/1/2030
|
235,000
|
254,091
|
|
Virginia Comwlth Transn Brd Trust 5% 5/15/2032 Series 2022, 4% 5/15/2047
|
50,000
|
47,978
|
|
Virginia St Pub Bldg Auth Pub (Virginia St Proj.) Series 2017A, 5% 8/1/2027
|
300,000
|
308,417
|
|
Virginia St Pub Bldg Auth Pub (Virginia St Proj.) Series 2017A, 5% 8/1/2028
|
355,000
|
364,597
|
|
TOTAL GENERAL OBLIGATIONS
|
1,445,150
|
||
Health Care - 0.4%
|
|||
Fairfax Cnty VA Indl Dev Auth Health Care Rev (Inova Health System Proj.) Series 2022, 5% 5/15/2029
|
185,000
|
197,026
|
|
Roanoke VA Economic Dev Auth Hosp Rev (Carilion Health System Proj.) Series 2020 D, 5% tender 7/1/2053 (d)
|
100,000
|
106,811
|
|
Virginia Small Business Fing Auth Healthcare Facs Rev (Sentara Hlth Sys Obl Group Proj.) Series 2020, 4% 11/1/2036
|
400,000
|
405,511
|
|
TOTAL HEALTH CARE
|
709,348
|
||
Special Tax - 0.1%
|
|||
Fairfax Cnty VA Economic Dev Auth Transn Contract Rev (Fairfax County Economic Development Authority Proj.) 3% 4/1/2036
|
100,000
|
96,347
|
|
Fairfax Cnty VA Economic Dev Auth Transn Contract Rev 3% 4/1/2036
|
130,000
|
125,251
|
|
Hampton Roads Transportation Accountability Commission (Hampton Rds VA Transn Accountability Commn Rev Proj.) 5.25% 7/1/2060
|
25,000
|
25,819
|
|
TOTAL SPECIAL TAX
|
247,417
|
||
Transportation - 0.1%
|
|||
Virginia Small Business Fing Auth Rev (95 Express Lanes LLC Proj.) Series 2022, 4% 7/1/2039 (c)
|
110,000
|
108,567
|
|
TOTAL VIRGINIA
|
2,738,432
|
||
Washington - 2.5%
|
|||
Education - 0.1%
|
|||
Washington Biomedical Research Pptys Lease Rev (University Wash Univ Revs Proj.) Series A, 4% 1/1/2048
|
150,000
|
142,683
|
|
Electric Utilities - 0.6%
|
|||
Energy Norwthwest WA Elec Rev 5% 7/1/2034 (Bonneville Power Administration Guaranteed)
|
90,000
|
101,666
|
|
Energy Norwthwest WA Elec Rev Series 2016 A, 5% 7/1/2028 (Bonneville Power Administration Guaranteed)
|
215,000
|
215,000
|
|
Energy Norwthwest WA Elec Rev Series 2018 A, 5% 7/1/2034 (Bonneville Power Administration Guaranteed)
|
100,000
|
104,116
|
|
Energy Norwthwest WA Elec Rev Series 2018 C, 5% 7/1/2033 (Bonneville Power Administration Guaranteed)
|
140,000
|
145,943
|
|
Energy Norwthwest WA Elec Rev Series 2020 A, 5% 7/1/2028 (Bonneville Power Administration Guaranteed)
|
70,000
|
73,533
|
|
Energy Norwthwest WA Elec Rev Series 2020 A, 5% 7/1/2033 (Bonneville Power Administration Guaranteed)
|
100,000
|
108,378
|
|
Energy Norwthwest WA Elec Rev Series 2022 A, 5% 7/1/2033 (Bonneville Power Administration Guaranteed)
|
120,000
|
134,188
|
|
Energy Norwthwest WA Elec Rev Series 2024A, 5% 7/1/2032 (Bonneville Power Administration Guaranteed)
|
125,000
|
140,552
|
|
TOTAL ELECTRIC UTILITIES
|
1,023,376
|
||
General Obligations - 1.0%
|
|||
State of Washington Gen. Oblig. Series 2018 A, 5% 8/1/2041
|
195,000
|
198,386
|
|
State of Washington Gen. Oblig. Series 2020C, 5% 2/1/2033
|
100,000
|
107,763
|
|
State of Washington Gen. Oblig. Series 2020C, 5% 2/1/2041
|
150,000
|
157,999
|
|
State of Washington Gen. Oblig. Series 2021 A, 5% 8/1/2042
|
165,000
|
174,581
|
|
State of Washington Gen. Oblig. Series 2021 C, 5% 2/1/2035
|
115,000
|
125,255
|
|
State of Washington Gen. Oblig. Series 2022 A, 5% 8/1/2043
|
110,000
|
117,379
|
|
State of Washington Gen. Oblig. Series 2023A, 5% 8/1/2031
|
235,000
|
261,000
|
|
State of Washington Gen. Oblig. Series 2023A, 5% 8/1/2046
|
490,000
|
518,580
|
|
State of Washington Gen. Oblig. Series R 2018 D, 5% 8/1/2028
|
30,000
|
30,808
|
|
State of Washington Gen. Oblig. Series R 2018C, 5% 8/1/2028
|
55,000
|
56,482
|
|
State of Washington Gen. Oblig. Series R 2021A, 5% 6/1/2041
|
125,000
|
132,253
|
|
TOTAL GENERAL OBLIGATIONS
|
1,880,486
|
||
Health Care - 0.2%
|
|||
Washington St Health Care Facs Auth Rev (Multicare Health System, Wa Proj.) Series 2025 B, 5% tender 8/15/2055 (Assured Guaranty Inc Insured) (d)
|
100,000
|
106,023
|
|
Washington St Health Care Facs Auth Rev (Overlake Hospital Med Ctr, WA Proj.) Series 2017 A, 4% 7/1/2042
|
85,000
|
80,596
|
|
Washington St Health Care Facs Auth Rev (Providence Health Systems Proj.) 4.25% 10/1/2040
|
160,000
|
157,735
|
|
Washington St Health Care Facs Auth Rev (Providence Health Systems Proj.) Series 2014D, 5% 10/1/2038
|
40,000
|
40,033
|
|
TOTAL HEALTH CARE
|
384,387
|
||
Special Tax - 0.4%
|
|||
Central Puget Sound WA Regl Tran Auth Sales & Use Tax Rev Series 2016 S 1, 5% 11/1/2041
|
85,000
|
85,469
|
|
Central Puget Sound WA Regl Tran Auth Sales & Use Tax Rev Series 2021 S 1, 5% 11/1/2030
|
170,000
|
186,978
|
|
State of Washington Gen. Oblig. Series 2026C, 5% 2/1/2039
|
320,000
|
363,265
|
|
Washington St Convention Ctr Pub Facs Dist Series 2018, 4% 7/1/2058
|
130,000
|
107,278
|
|
TOTAL SPECIAL TAX
|
742,990
|
||
Transportation - 0.2%
|
|||
Port Seattle WA Rev Series 2024B, 5% 7/1/2033 (c)
|
310,000
|
342,442
|
|
Water & Sewer - 0.0%
|
|||
King Cnty WA Swr Rev 5% 1/1/2033
|
115,000
|
130,451
|
|
TOTAL WASHINGTON
|
4,646,815
|
||
West Virginia - 0.1%
|
|||
General Obligations - 0.0%
|
|||
West Virginia St Gen. Oblig. Series 2018 B, 5% 12/1/2041
|
80,000
|
82,531
|
|
Transportation - 0.1%
|
|||
West VA Commr of Hwys Spl Oblig Series 2017A, 5% 9/1/2029
|
65,000
|
66,766
|
|
West Virginia Parkways Authority Series 2021, 4% 6/1/2051
|
100,000
|
92,326
|
|
TOTAL TRANSPORTATION
|
159,092
|
||
TOTAL WEST VIRGINIA
|
241,623
|
||
Wisconsin - 1.0%
|
|||
Education - 0.1%
|
|||
Public Fin Auth Wis Pooled Charter Sch Ctfs Ser 2023-1 Series CL A, 5.75% 7/1/2062
|
138,832
|
145,222
|
|
General Obligations - 0.2%
|
|||
Wisconsin St Gen. Oblig. 5% 5/1/2031
|
135,000
|
149,271
|
|
Wisconsin St Gen. Oblig. Series 2023 2, 5% 5/1/2035
|
215,000
|
242,247
|
|
TOTAL GENERAL OBLIGATIONS
|
391,518
|
||
Health Care - 0.3%
|
|||
Wisconsin Health & Edl Facs Auth Sr Living Rev (Covenant Communities Inc Proj.) Series 2018A 1, 4.125% 7/1/2053
|
135,000
|
113,012
|
|
Wisconsin Health & Educational Facilities Authority (Ascension Health Credit Group Proj.) Series 2016 A, 4% 11/15/2039
|
40,000
|
39,133
|
|
Wisconsin Health & Educational Facilities Authority (Ascension Health Credit Group Proj.) Series 2016 A, 5% 11/15/2036
|
55,000
|
55,127
|
|
Wisconsin Health & Educational Facilities Authority (Sanford Health, SD Proj.) Series 2016 A, 3.5% 2/15/2046
|
195,000
|
165,770
|
|
Wisconsin St Health & Edl Facs Auth Rev (Medical College of WI Inc Proj.) Series 2022, 4% 12/1/2051
|
255,000
|
225,030
|
|
TOTAL HEALTH CARE
|
598,072
|
||
Housing - 0.0%
|
|||
Wisconsin Hsg & Economic Dev Auth Home Ownership Mtg Rev 2.69% 7/1/2047
|
57,859
|
49,572
|
|
Special Tax - 0.1%
|
|||
Ashwaubenon WI Cmnty Dev Auth Lease Rev (Brown County Wisconsin Proj.) Series 2019, 0% 6/1/2049 (b)
|
160,000
|
54,194
|
|
Public Fin Auth WI Revenue Series 2021, 4% 3/31/2056 (c)
|
10,000
|
8,383
|
|
Wisconsin Ctr Dist Wis Tax Rv Series 2020 C, 0% 12/15/2050 (Assured Guaranty Inc Insured) (b)
|
160,000
|
49,889
|
|
TOTAL SPECIAL TAX
|
112,466
|
||
Transportation - 0.3%
|
|||
Public Finance Authority (Sr 400 Toll Road Proj.) Series 2025, 5.75% 12/31/2065 (c)
|
560,000
|
586,449
|
|
TOTAL WISCONSIN
|
1,883,299
|
||
Wyoming - 0.0%
|
|||
Education - 0.0%
|
|||
University WY Univ Revs (University WY Univ Revs Proj.) Series 2021 C, 4% 6/1/2051 (Assured Guaranty Inc Insured)
|
25,000
|
22,701
|
|
Electric Utilities - 0.0%
|
|||
Campbell Cnty WY Solid Waste Facs Rev (County of Mercer ND Proj.) Series 2019 A, 3.625% 7/15/2039
|
25,000
|
23,382
|
|
TOTAL WYOMING
|
46,083
|
||
|
TOTAL MUNICIPAL SECURITIES
(Cost $182,576,967)
|
180,305,335
|
||
Money Market Funds - 0.5%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Municipal Cash Central Fund (e)(f)
(Cost $951,467)
|
2.87
|
951,276
|
951,467
|
|
|
TOTAL INVESTMENT IN SECURITIES - 99.0%
(Cost $183,528,434)
|
181,256,802
|
NET OTHER ASSETS (LIABILITIES) - 1.0%
|
1,837,207
|
NET ASSETS - 100.0%
|
183,094,009
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Zero coupon bond which is issued at a discount.
|
(c)
|
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
|
(d)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(e)
|
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.
|
(f)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Municipal Cash Central Fund
|
1,975,125
|
15,094,966
|
16,118,624
|
18,126
|
-
|
-
|
951,467
|
951,276
|
0.0%
|
Total
|
1,975,125
|
15,094,966
|
16,118,624
|
18,126
|
-
|
-
|
951,467
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Municipal Securities
|
||||
Education
|
10,371,870
|
-
|
10,371,870
|
-
|
Electric Utilities
|
9,602,682
|
-
|
9,602,682
|
-
|
Escrowed/Pre-Refunded
|
1,318,633
|
-
|
1,318,633
|
-
|
General Obligations
|
66,427,444
|
-
|
66,427,444
|
-
|
Health Care
|
20,915,539
|
-
|
20,915,539
|
-
|
Housing
|
3,872,139
|
-
|
3,872,139
|
-
|
Industrial Development
|
587,469
|
-
|
587,469
|
-
|
Lease Revenue
|
239,243
|
-
|
239,243
|
-
|
Other
|
820,976
|
-
|
820,976
|
-
|
Resource Recovery
|
325,848
|
-
|
325,848
|
-
|
Special Tax
|
24,627,973
|
-
|
24,627,973
|
-
|
Tobacco Bonds
|
922,234
|
-
|
922,234
|
-
|
Transportation
|
28,624,586
|
-
|
28,624,586
|
-
|
Water & Sewer
|
11,648,699
|
-
|
11,648,699
|
-
|
Money Market Funds
|
951,467
|
951,467
|
-
|
-
|
Total Investments in Securities:
|
181,256,802
|
951,467
|
180,305,335
|
-
|
Statement of Assets and Liabilities
|
||||
As of June 30, 2026
|
||||
Assets
|
||||
Investment in securities, at value - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $182,576,967)
|
$
|
180,305,335
|
||
Fidelity Central Funds (cost $951,467)
|
951,467
|
|||
Total Investment in Securities (cost $183,528,434)
|
$
|
181,256,802
|
||
Cash
|
167,839
|
|||
Interest receivable
|
2,181,317
|
|||
Distributions receivable from Fidelity Central Funds
|
1,947
|
|||
Receivable from investment adviser for expense reductions
|
8,886
|
|||
Other receivables
|
25
|
|||
Total assets
|
183,616,816
|
|||
Liabilities
|
||||
Distributions payable
|
$
|
515,199
|
||
Accrued management fee
|
7,608
|
|||
Total liabilities
|
522,807
|
|||
Net Assets
|
$
|
183,094,009
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
192,503,611
|
||
Total accumulated earnings (loss)
|
(9,409,602)
|
|||
Net Assets
|
$
|
183,094,009
|
||
Net Asset Value, offering price and redemption price per share ($183,094,009 ÷ 3,628,164 shares)
|
$
|
50.46
|
||
Statement of Operations
|
||||
|
Year ended June 30, 2026
|
||||
Investment Income
|
||||
Interest
|
$
|
5,871,072
|
||
Income from Fidelity Central Funds
|
18,116
|
|||
Total income
|
5,889,188
|
|||
Expenses
|
||||
Management fee
|
$
|
86,623
|
||
Independent trustees' fees and expenses
|
369
|
|||
Proxy fee
|
6,364
|
|||
Total expenses before reductions
|
93,356
|
|||
Expense reductions
|
(6,455)
|
|||
Total expenses after reductions
|
86,901
|
|||
Net Investment income (loss)
|
5,802,287
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
(55,761)
|
|||
Capital gain distributions from Fidelity Central Funds
|
10
|
|||
Total net realized gain (loss)
|
(55,751)
|
|||
Change in net unrealized appreciation (depreciation) on investment securities
|
5,448,852
|
|||
Net gain (loss)
|
5,393,101
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
11,195,388
|
||
Statement of Changes in Net Assets
|
||||
Year ended
June 30, 2026
|
Year ended
June 30, 2025
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
5,802,287
|
$
|
5,011,655
|
Net realized gain (loss)
|
(55,751)
|
(3,756,258)
|
||
Change in net unrealized appreciation (depreciation)
|
5,448,852
|
(57,964)
|
||
Net increase (decrease) in net assets resulting from operations
|
11,195,388
|
1,197,433
|
||
Distributions to shareholders
|
(5,778,233)
|
(4,842,935)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
14,641,515
|
50,144,376
|
||
Reinvestment of distributions
|
-
|
2,296,744
|
||
Cost of shares redeemed
|
(1,511,899)
|
(49,061,348)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
13,129,616
|
3,379,772
|
||
Total increase (decrease) in net assets
|
18,546,771
|
(265,730)
|
||
Net Assets
|
||||
Beginning of period
|
164,547,238
|
164,812,968
|
||
End of period
|
$
|
183,094,009
|
$
|
164,547,238
|
Other Information
|
||||
Shares
|
||||
Sold
|
290,000
|
997,095
|
||
Issued in reinvestment of distributions
|
-
|
45,699
|
||
Redeemed
|
(30,000)
|
(978,243)
|
||
Net increase (decrease)
|
260,000
|
64,551
|
||
Fidelity® Systematic Municipal Bond Index ETF |
Years ended June 30,
|
2026
|
2025 A
|
2024 A
|
2023 A
|
2022 A
|
|||||
Selected Per-Share Data
|
||||||||||
Net asset value, beginning of period
|
$
|
48.85
|
$
|
49.88
|
$
|
49.64
|
$
|
49.42
|
$
|
55.25
|
Income from Investment Operations
|
||||||||||
Net investment income (loss) B,C
|
1.677
|
1.442
|
1.244
|
1.089
|
.761
|
|||||
Net realized and unrealized gain (loss)
|
1.598
|
(1.081)
|
.222
|
.198
|
(5.831)
|
|||||
Total from investment operations
|
3.275
|
.361
|
1.466
|
1.287
|
(5.070)
|
|||||
Distributions from net investment income
|
(1.665)
|
(1.391)
|
(1.222)
|
(1.070)
|
(.756)
|
|||||
Distributions from net realized gain
|
-
|
- D
|
-
|
-
|
-
|
|||||
Total distributions
|
(1.665)
|
(1.391)
|
(1.222)
|
(1.070)
|
(.756)
|
|||||
Net asset value, end of period
|
$
|
50.46
|
$
|
48.85
|
$
|
49.88
|
$
|
49.64
|
$
|
49.42
|
Total Return E,F,G
|
6.79 % |
.71%
|
3.01%
|
2.64%
|
(9.26)%
|
|||||
Ratios to Average Net Assets C,H,I
|
||||||||||
Expenses before reductions
|
.05%
|
.07%
|
.07%
|
.07%
|
.07%
|
|||||
Expenses net of fee waivers, if any
|
.05 % |
.07%
|
.07%
|
.07%
|
.07%
|
|||||
Expenses net of all reductions, if any
|
.05%
|
.07%
|
.07%
|
.07%
|
.07%
|
|||||
Net investment income (loss)
|
3.35%
|
2.89%
|
2.52%
|
2.21%
|
1.43%
|
|||||
Supplemental Data
|
||||||||||
Net assets, end of period (000 omitted)
|
$
|
183,094
|
$
|
164,547
|
$
|
164,813
|
$
|
155,890
|
$
|
124,941
|
Portfolio turnover rate J
|
15 % K |
69% K
|
15%
|
18%
|
30%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$1,467,545
|
Gross unrealized depreciation
|
(3,527,268)
|
Net unrealized appreciation (depreciation)
|
$(2,059,723)
|
Tax Cost
|
$183,316,525
|
Undistributed tax-exempt income
|
$5,678
|
Undistributed ordinary income
|
$8,337
|
Capital loss carryforward
|
$(7,363,894)
|
Net unrealized appreciation (depreciation) on securities and other investments
|
$(2,059,723)
|
Short-term
|
$(2,398,638)
|
Long-term
|
(4,965,256)
|
Total capital loss carryforward
|
$(7,363,894)
|
June 30, 2026
|
June 30, 2025
|
|
Tax-exempt Income
|
$5,766,322
|
$4,833,399
|
Ordinary Income
|
11,911
|
9,536
|
Total
|
$5,778,233
|
$4,842,935
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Systematic Municipal Bond Index ETF
|
25,973,750
|
25,442,617
|
In-Kind Subscriptions ($)
|
In-Kind Redemptions ($)
|
|
Fidelity Systematic Municipal Bond Index ETF
|
14,031,296
|
-
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Systematic Municipal Bond Index ETF
|
1,653,596
|
-
|
-
|
Predecessor Fund/Accounting Survivor
|
Investments ($)
|
Unrealized appreciation (depreciation) ($)
|
Net Assets ($)
|
Shares Exchanged
|
Shares Exchanged Ratio
|
Fidelity Municipal Bond Index Fund
|
171,983,791
|
(4,221,060)
|
174,021,094
|
9,430,193
|
.3690720000
|
Legal Acquiring ETF
|
Net Assets ($)
|
Total net assets after the acquisition ($)
|
Fidelity Systematic Municipal Bond Index ETF
|
50
|
174,021,144
|
Net investment income (loss)
|
$5,039,119
|
Total net realized gain (loss)
|
(3,756,258)
|
Total change in net unrealized appreciation (depreciation)
|
(57,964)
|
Net increase (decrease) in net assets resulting from operations
|
$1,224,897
|
 |
Item 8.
Changes in and Disagreements with Accountants for Open-End Management Investment Companies
See Item 7.
Item 9.
Proxy Disclosures for Open-End Management Investment Companies
See Item 7.
Item 10.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
See Item 7.
Item 11.
Statement Regarding Basis for Approval of Investment Advisory Contract
See Item 7.
Item 12.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 13.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 14.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 15.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.
Item 16.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.
Item 17.
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
| (a) | (1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
| (a) | (2) | |
| (a) | (3) | Not applicable. |
| (b) |
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Merrimack Street Trust
| By: | /s/Laura M. Del Prato |
|
| Laura M. Del Prato |
|
| President and Treasurer (Principal Executive Officer) |
|
|
|
| Date: | August 21, 2026 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/Laura M. Del Prato |
|
| Laura M. Del Prato |
|
| President and Treasurer (Principal Executive Officer) |
|
|
|
| Date: | August 21, 2026 |
| By: | /s/Stephanie Caron |
|
| Stephanie Caron |
|
| Chief Financial Officer (Principal Financial Officer) |
|
|
|
| Date: | August 21, 2026 |