UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-09253
Allspring Funds Trust
(Exact name of registrant as specified in charter)
1415 Vantage Park Drive, 3rd Floor,
Charlotte, NC 28203
(Address of principal executive offices) (Zip code)
Matthew Prasse
Allspring Funds Management, LLC
1415 Vantage Park Drive, 3rd Floor, Charlotte, NC 28203
(Name and address of agent for service)
Registrant’s telephone number, including area code: 800-222-8222
Date of fiscal year end: December 31
Registrant is making a filing for 1 of its series: Allspring Managed Account CoreBuilder® Shares - Series M.
Date of reporting period: June 30, 2024
ITEM 1. REPORT TO STOCKHOLDERS
2
Semi-Annual Shareholder Report
June 30, 2024
Managed Account CoreBuilder® Shares - Series M
WFCMX
This semi-annual shareholder report contains important information about Managed Account CoreBuilder® Shares - Series M for the period of January 1, 2024 to June 30, 2024. You can find additional information about the Fund at allspringglobal.com. You can also request this information by contacting us at 1-888-877-9275.
What were the Fund costs for the past 6 months?
The table explains the costs you would have paid within the reporting period based on a hypothetical $10,000 investment.
CLASS NAME | COST OF A $10,000 INVESTMENT | COSTS PAID AS A % OF A $10,000 INVESTMENT |
---|---|---|
Managed Account CoreBuilder® Shares - Series M | $0 | 0.00% |
The manager has contractually committed to irrevocably absorb and pay or reimburse all ordinary operating expenses of the Fund. This commitment has an indefinite term. Without this commitment, the costs shown above would have been higher. See the prospectus for expenses excluded from this commitment.
KEY FUND STATISTICS
Total net assets | $762,505,006 |
# of portfolio holdings | 445 |
Portfolio turnover rate | 3% |
Total advisory fees paid | $0 |
What did the Fund invest in?
(Based on long-term investments)
EFFECTIVE MATURITY (% OF LONG-TERM INVESTMENTS)
0-1 year | 10.1 |
1-3 years | 20.7 |
3-5 years | 10.6 |
5-10 years | 15.7 |
10-20 years | 20.3 |
20-30 years | 20.4 |
30+ years | 2.2 |
TOP TEN HOLDINGS (% OF NET ASSETS)
Metropolitan Pier & Exposition Authority, 0.00%, 12/15/2030 | 1.1 |
Waller Consolidated Independent School District, 5.00%, 2/15/2045 | 1.1 |
County of Broward Port Facilities Revenue Series B, 4.00%, 9/1/2037 | 1.0 |
Main Street Natural Gas, Inc. Series C, 4.00%, 8/1/2052 | 0.9 |
Southeast Alabama Gas Supply District Project No. 2, 5.00%, 6/1/2049 | 0.8 |
Jacksonville Port Authority Series B, 5.00%, 11/1/2044 | 0.8 |
Wyandotte County-Kansas City Unified Government Sales Tax Revenue CAB, 0.00%, 9/1/2034 | 0.7 |
King County Public Hospital District No. 1, 5.00%, 12/1/2035 | 0.7 |
City of Chicago, 0.00%, 1/1/2027 | 0.7 |
Franciscan Alliance, Inc. Obligated Group Series C, 4.00%, 11/1/2034 | 0.7 |
CREDIT QUALITY (% OF LONG-TERM INVESTMENTS)
AAA/Aaa | 2.2 |
AA/Aa | 26.9 |
A/A | 34.2 |
BBB/Baa | 20.1 |
BB/Ba | 5.2 |
Not rated | 11.4 |
Managed Account CoreBuilder® Shares - Series M
Semi-Annual Shareholder Report | June 30, 2024
For more information
You can find additional information on the Fund's website at allspringglobal.com, including its:
- Prospectus - Financial Information - Fund holdings - Proxy voting information
SAR4901 06-24
ITEM 2. CODE OF ETHICS
Not applicable.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT
Not applicable.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Not applicable.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
Not applicable.
ITEM 6. INVESTMENTS
(a) The registrant’s Schedule of Investments is included as part of the Financial Statements filed under Item 7(a) of this Form.
(b) Not Applicable due to no such divestments during the semi-annual period covered since the previous Form N-CSR filing.
ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES
(a) The registrant’s Financial Statements are attached herewith.
(b) The registrant’s Financial Highlights are included as part of the Financial Statements filed under Item 7(a) of this Form.
3
Interest rate | Maturity date | Principal | Value | |||
Municipal obligations: 100.03% | ||||||
Alabama: 3.42% | ||||||
Education revenue: 0.11% | ||||||
Homewood Educational Building Authority CHF - Horizons II LLC Series C | 5.50 % | 10-1-2054 | $ | 795,000 | $836,206 | |
Health revenue: 0.55% | ||||||
Health Care Authority for Baptist Health Series A | 5.00 | 11-15-2033 | 3,885,000 | 4,177,283 | ||
Housing revenue: 0.21% | ||||||
Huntsville Public Building Authority | 5.00 | 2-1-2052 | 1,500,000 | 1,584,064 | ||
Industrial development revenue: 0.13% | ||||||
Selma Industrial Development Board International Paper Co. Series Aøø | 1.38 | 5-1-2034 | 1,000,000 | 975,462 | ||
Utilities revenue: 2.42% | ||||||
Black Belt Energy Gas District Series Aøø | 5.25 | 5-1-2055 | 1,000,000 | 1,086,619 | ||
Southeast Alabama Gas Supply District Project No. 2øø | 5.00 | 6-1-2049 | 6,000,000 | 6,324,713 | ||
Southeast Alabama Gas Supply District Series Aøø | 5.00 | 8-1-2054 | 3,000,000 | 3,216,450 | ||
Southeast Energy Authority A Cooperative District Project No. 2 Series Bøø | 4.00 | 12-1-2051 | 1,000,000 | 994,058 | ||
Southeast Energy Authority A Cooperative District Project No. 5 Series Aøø | 5.25 | 1-1-2054 | 5,000,000 | 5,287,095 | ||
Southeast Energy Authority A Cooperative District Project No. 6 Series B (Royal Bank of Canada LIQ)øø | 5.00 | 1-1-2054 | 1,500,000 | 1,583,531 | ||
18,492,466 | ||||||
26,065,481 | ||||||
Alaska: 0.24% | ||||||
Health revenue: 0.24% | ||||||
Alaska Industrial Development & Export Authority Dena’ Nena’ Henash Series A | 5.00 | 10-1-2032 | 1,740,000 | 1,830,841 | ||
Arizona: 2.58% | ||||||
Education revenue: 1.79% | ||||||
Arizona IDA Candeo Schools Obligated Group Series A | 4.00 | 7-1-2047 | 650,000 | 592,289 | ||
Arizona IDA Kipp NYC Public Charter Schools Series A | 4.00 | 7-1-2041 | 1,000,000 | 955,992 | ||
IDA of the County of Pima American Leadership Academy, Inc. Series 2022144A | 4.00 | 6-15-2031 | 1,045,000 | 1,022,503 | ||
IDA of the County of Pima Noah Webster Schools-Mesa Series A | 6.75 | 12-15-2033 | 1,120,000 | 1,122,431 | ||
IDA of the County of Pima Paideia Academies, Inc.144A | 5.00 | 7-1-2025 | 120,000 | 120,057 | ||
IDA of the County of Pima Paideia Academies, Inc.144A | 6.00 | 7-1-2035 | 1,475,000 | 1,488,618 | ||
IDA of the County of Pima Paideia Academies, Inc.144A | 6.13 | 7-1-2045 | 2,000,000 | 2,011,038 | ||
IDA of the County of Pima Partnership with Parents, Inc. | 7.00 | 5-1-2034 | 1,000,000 | 1,000,000 | ||
La Paz County IDA Imagine Desert West Middle, Inc. Series A144A | 4.90 | 6-15-2028 | 840,000 | 824,830 | ||
La Paz County IDA Imagine Desert West Middle, Inc. Series A144A | 5.75 | 6-15-2038 | 1,000,000 | 1,002,625 | ||
La Paz County IDA Imagine Desert West Middle, Inc. Series A144A | 5.88 | 6-15-2048 | 500,000 | 492,718 | ||
Maricopa County IDA Horizon Community Learning Center, Inc. | 5.00 | 7-1-2035 | 3,000,000 | 3,032,864 | ||
13,665,965 |
Interest rate | Maturity date | Principal | Value | |||
Health revenue: 0.12% | ||||||
Tempe IDA Life Care Village Obligated Group Series A | 4.00 % | 12-1-2030 | $ | 495,000 | $480,785 | |
Tempe IDA Life Care Village Obligated Group Series A | 4.00 | 12-1-2031 | 470,000 | 453,293 | ||
934,078 | ||||||
Industrial development revenue: 0.22% | ||||||
Chandler IDA Intel Corp. AMTøø | 4.00 | 6-1-2049 | 1,250,000 | 1,257,857 | ||
Maricopa County Pollution Control Corp. Southern California Edison Co. Series A | 2.40 | 6-1-2035 | 500,000 | 412,721 | ||
1,670,578 | ||||||
Tax revenue: 0.16% | ||||||
City of San Luis Excise Tax Revenue Series A (BAM Insured) | 5.00 | 7-1-2038 | 1,200,000 | 1,200,000 | ||
Utilities revenue: 0.29% | ||||||
Salt Verde Financial Corp. | 5.00 | 12-1-2032 | 2,055,000 | 2,186,125 | ||
19,656,746 | ||||||
California: 1.46% | ||||||
Airport revenue: 0.51% | ||||||
City of Los Angeles Department of Airports Series G AMT | 5.25 | 5-15-2047 | 1,000,000 | 1,068,445 | ||
Norman Y Mineta San Jose International Airport SJC Series A AMT | 5.00 | 3-1-2033 | 1,695,000 | 1,822,389 | ||
Norman Y Mineta San Jose International Airport SJC Series A AMT | 5.00 | 3-1-2035 | 1,000,000 | 1,028,789 | ||
3,919,623 | ||||||
GO revenue: 0.07% | ||||||
Compton Community College District Series C CAB¤ | 0.00 | 8-1-2029 | 500,000 | 419,837 | ||
Hawthorne School District Series C (NPFGC Insured)¤ | 0.00 | 11-1-2025 | 100,000 | 95,480 | ||
515,317 | ||||||
Health revenue: 0.16% | ||||||
California HFFA Sutter Health Obligated Group Series A | 5.00 | 11-15-2048 | 1,200,000 | 1,232,025 | ||
Housing revenue: 0.11% | ||||||
California Community Housing Agency Serenity at Larkspur Apartments Series A144A | 5.00 | 2-1-2050 | 500,000 | 352,986 | ||
California Housing Finance Agency Class A Series 2 | 4.00 | 3-20-2033 | 462,947 | 466,396 | ||
819,382 | ||||||
Industrial development revenue: 0.33% | ||||||
California Infrastructure & Economic Development Bank DesertXpress Enterprises LLC Series A AMT144Aøø | 3.95 | 1-1-2050 | 2,500,000 | 2,500,508 | ||
Transportation revenue: 0.28% | ||||||
Riverside County Transportation Commission Series B-1 | 4.00 | 6-1-2046 | 2,250,000 | 2,159,145 | ||
11,146,000 | ||||||
Colorado: 3.90% | ||||||
Airport revenue: 0.18% | ||||||
City & County of Denver Airport System Revenue Series B | 5.25 | 11-15-2053 | 1,250,000 | 1,367,884 |
Interest rate | Maturity date | Principal | Value | |||
Education revenue: 0.22% | ||||||
Colorado ECFA Banning Lewis Ranch Academy Building Co. LLC | 6.00 % | 12-15-2037 | $ | 1,240,000 | $1,277,244 | |
Colorado ECFA Community Leadership Academy, Inc. | 7.00 | 8-1-2033 | 360,000 | 360,795 | ||
1,638,039 | ||||||
GO revenue: 1.32% | ||||||
Aviation Station North Metropolitan District No. 2 Series A | 5.00 | 12-1-2039 | 750,000 | 727,974 | ||
Aviation Station North Metropolitan District No. 2 Series A | 5.00 | 12-1-2048 | 850,000 | 779,148 | ||
Broadway Station Metropolitan District No. 3 Series A | 5.00 | 12-1-2039 | 749,000 | 662,562 | ||
Rampart Range Metropolitan District No. 5 | 4.00 | 12-1-2036 | 1,000,000 | 923,574 | ||
Southlands Metropolitan District No. 1 Series A-2 | 5.00 | 12-1-2047 | 650,000 | 629,227 | ||
Thompson Crossing Metropolitan District No. 4 | 5.00 | 12-1-2039 | 1,400,000 | 1,380,654 | ||
Weld County School District No. RE-4 | 5.00 | 12-1-2041 | 4,500,000 | 4,995,242 | ||
10,098,381 | ||||||
Health revenue: 1.06% | ||||||
Colorado Health Facilities Authority AdventHealth Obligated Group Series A | 4.00 | 11-15-2043 | 2,000,000 | 1,956,584 | ||
Colorado Health Facilities Authority CommonSpirit Health Obligated Group | 5.50 | 11-1-2047 | 1,000,000 | 1,095,393 | ||
Colorado Health Facilities Authority CommonSpirit Health Obligated Group Series A-2 | 5.00 | 8-1-2044 | 3,000,000 | 3,089,027 | ||
Colorado Health Facilities Authority Intermountain Healthcare Obligated Group Series A | 4.00 | 5-15-2052 | 2,000,000 | 1,903,181 | ||
8,044,185 | ||||||
Industrial development revenue: 0.33% | ||||||
Denver Convention Center Hotel Authority | 5.00 | 12-1-2033 | 2,500,000 | 2,550,276 | ||
Miscellaneous revenue: 0.31% | ||||||
Colorado Science and Technology Park Metropolitan District No. 1 Series A (AGM Insured) | 5.00 | 12-1-2054 | 750,000 | 791,218 | ||
Westminster Public Schools COP (AGM Insured) | 5.00 | 12-1-2048 | 1,500,000 | 1,550,037 | ||
2,341,255 | ||||||
Utilities revenue: 0.48% | ||||||
Public Authority for Colorado Energy | 6.50 | 11-15-2038 | 3,000,000 | 3,676,449 | ||
29,716,469 | ||||||
Connecticut: 1.60% | ||||||
Education revenue: 0.68% | ||||||
Connecticut State HEFA Fairfield University Series Q-1 | 5.00 | 7-1-2046 | 5,130,000 | 5,183,820 | ||
GO revenue: 0.54% | ||||||
City of Bridgeport Series A | 5.00 | 6-1-2035 | 1,000,000 | 1,086,420 | ||
City of Danbury BAN144A | 5.00 | 9-24-2024 | 1,750,000 | 1,754,297 | ||
Town of Hamden (BAM Insured) | 5.00 | 8-15-2025 | 275,000 | 275,406 | ||
Town of Hamden Series A (BAM Insured) | 4.00 | 8-1-2039 | 500,000 | 483,899 | ||
Town of Hamden Series A (BAM Insured) | 5.00 | 8-1-2035 | 500,000 | 542,074 | ||
4,142,096 |
Interest rate | Maturity date | Principal | Value | |||
Health revenue: 0.38% | ||||||
Connecticut State HEFA Nuvance Health Obligated Group Series A | 4.00 % | 7-1-2041 | $ | 860,000 | $815,220 | |
Connecticut State HEFA Stamford Hospital Obligated Group Series M | 4.00 | 7-1-2040 | 2,150,000 | 2,073,349 | ||
2,888,569 | ||||||
12,214,485 | ||||||
District of Columbia: 0.30% | ||||||
Airport revenue: 0.30% | ||||||
Metropolitan Washington Airports Authority Aviation Revenue Series A AMT | 5.00 | 10-1-2046 | 1,500,000 | 1,562,268 | ||
Metropolitan Washington Airports Authority Aviation Revenue Series A AMT | 5.25 | 10-1-2048 | 715,000 | 763,826 | ||
2,326,094 | ||||||
Florida: 8.28% | ||||||
Airport revenue: 3.69% | ||||||
County of Broward Airport System Revenue Series A AMT | 5.00 | 10-1-2036 | 4,500,000 | 4,545,317 | ||
County of Broward Port Facilities Revenue Series B AMT | 4.00 | 9-1-2037 | 7,490,000 | 7,517,057 | ||
County of Miami-Dade Aviation Revenue Series A AMT | 5.00 | 10-1-2049 | 3,000,000 | 3,066,674 | ||
County of Miami-Dade Seaport Department Series A AMT | 5.25 | 10-1-2052 | 3,000,000 | 3,169,755 | ||
County of Miami-Dade Seaport Department Series B-1 AMT | 4.00 | 10-1-2046 | 1,500,000 | 1,376,256 | ||
Jacksonville Port Authority Series B | 5.00 | 11-1-2040 | 2,625,000 | 2,751,166 | ||
Jacksonville Port Authority Series B | 5.00 | 11-1-2044 | 5,500,000 | 5,732,071 | ||
28,158,296 | ||||||
Education revenue: 0.77% | ||||||
Capital Projects Finance Authority Series A144A | 7.00 | 6-15-2030 | 1,500,000 | 1,569,105 | ||
Capital Trust Authority Independence Classical Academy Obligated Group Series A144A | 7.00 | 6-15-2044 | 1,000,000 | 1,009,062 | ||
Florida Development Finance Corp. Cornerstone Charter Academy: A Challenge Foundation Academy, Inc.144A | 5.00 | 10-1-2042 | 500,000 | 507,103 | ||
Florida Higher Educational Facilities Financial Authority Jacksonville University Series A-1144A | 4.50 | 6-1-2033 | 1,300,000 | 1,304,510 | ||
Miami-Dade County IDA Youth Co-Op, Inc. Series A144A | 5.75 | 9-15-2035 | 1,500,000 | 1,509,303 | ||
5,899,083 | ||||||
Health revenue: 2.45% | ||||||
City of Atlantic Beach Naval Continuing Care Retirement Foundation Obligated Group Series B | 5.63 | 11-15-2043 | 1,500,000 | 1,501,327 | ||
City of Jacksonville Genesis Health, Inc. Obligated Group | 4.00 | 11-1-2045 | 1,500,000 | 1,360,207 | ||
City of Tampa BayCare Obligated Group Series A | 4.00 | 11-15-2046 | 1,750,000 | 1,660,615 | ||
City of Tampa H Lee Moffitt Cancer Center & Research Institute Obligated Group Series B | 5.00 | 7-1-2030 | 225,000 | 242,214 | ||
City of Tampa H Lee Moffitt Cancer Center & Research Institute Obligated Group Series B | 5.00 | 7-1-2031 | 450,000 | 484,927 | ||
City of Tampa H Lee Moffitt Cancer Center & Research Institute Obligated Group Series B | 5.00 | 7-1-2032 | 250,000 | 269,381 | ||
City of Tampa H Lee Moffitt Cancer Center & Research Institute Obligated Group Series B | 5.00 | 7-1-2033 | 250,000 | 269,478 |
Interest rate | Maturity date | Principal | Value | |||
Health revenue(continued) | ||||||
City of Tampa H Lee Moffitt Cancer Center & Research Institute Obligated Group Series B | 5.00 % | 7-1-2035 | $ | 475,000 | $513,113 | |
City of Tampa H Lee Moffitt Cancer Center & Research Institute Obligated Group Series B | 5.00 | 7-1-2036 | 475,000 | 511,177 | ||
Florida Development Finance Corp. Health Sciences Center, Inc. Obligated Group Series A | 5.25 | 8-1-2049 | 4,000,000 | 4,193,919 | ||
Holmes County Hospital Corp. | 6.00 | 11-1-2038 | 250,000 | 223,675 | ||
Lee County IDA Shell Point Obligated Group | 5.00 | 11-15-2044 | 1,000,000 | 1,027,897 | ||
Lee County IDA Shell Point Obligated Group | 5.00 | 11-15-2049 | 2,000,000 | 2,036,638 | ||
Lee County IDA Shell Point Obligated Group Series B%% | 4.38 | 11-15-2029 | 775,000 | 776,742 | ||
Sarasota County Public Hospital District Obligated Group | 5.00 | 7-1-2052 | 1,250,000 | 1,300,945 | ||
South Broward Hospital District Obligated Group Series A | 4.00 | 5-1-2044 | 2,440,000 | 2,337,872 | ||
18,710,127 | ||||||
Miscellaneous revenue: 0.26% | ||||||
County of Broward Tourist Development Tax Revenue | 4.00 | 9-1-2047 | 1,000,000 | 959,723 | ||
Julington Creek Plantation Community Development District Series 2023 Assessment (AGM Insured) | 4.63 | 5-1-2054 | 1,000,000 | 983,777 | ||
1,943,500 | ||||||
Transportation revenue: 0.67% | ||||||
County of Miami-Dade Rickenbacker Causeway Revenue | 5.00 | 10-1-2029 | 500,000 | 501,438 | ||
County of Miami-Dade Rickenbacker Causeway Revenue | 5.00 | 10-1-2030 | 550,000 | 551,598 | ||
Sunshine Skyway Bridge Series A (AGM Insured) | 4.00 | 7-1-2037 | 4,000,000 | 4,031,416 | ||
5,084,452 | ||||||
Utilities revenue: 0.07% | ||||||
City of Lakeland Department of Electric Utilities | 5.00 | 10-1-2048 | 500,000 | 549,998 | ||
Water & sewer revenue: 0.37% | ||||||
County of Orange Water Utility System Revenue | 5.00 | 10-1-2040 | 1,090,000 | 1,190,303 | ||
Wildwood Utility Dependent District South Sumter Utility Project (BAM Insured) | 5.00 | 10-1-2038 | 1,455,000 | 1,594,447 | ||
2,784,750 | ||||||
63,130,206 | ||||||
Georgia: 5.17% | ||||||
Airport revenue: 0.41% | ||||||
City of Atlanta Department of Aviation Series C AMT | 5.00 | 7-1-2048 | 3,000,000 | 3,164,831 | ||
Education revenue: 0.20% | ||||||
Development Authority of Cobb County Northwest Classical Academy, Inc. Series A144A | 6.00 | 6-15-2043 | 500,000 | 512,538 | ||
Senoia Development Authority Georgia Charter Educational Foundation, Inc. Obligated Group Series A144A | 6.25 | 7-1-2044 | 1,000,000 | 981,312 | ||
1,493,850 |
Interest rate | Maturity date | Principal | Value | |||
Health revenue: 0.13% | ||||||
Development Authority for Fulton County WellStar Health System Obligated Group Series A | 5.00 % | 4-1-2042 | $ | 1,000,000 | $1,017,183 | |
Housing revenue: 0.55% | ||||||
Georgia HFA Series A%% | 4.70 | 12-1-2054 | 2,600,000 | 2,609,903 | ||
Roswell Housing Authority Mayo Clinic (Northern Trust Company LOC)ø | 4.12 | 9-1-2027 | 1,600,000 | 1,600,000 | ||
4,209,903 | ||||||
Industrial development revenue: 0.13% | ||||||
Atlanta Development Authority Tuff Yamacraw LLC Series A (Ambac Insured) | 5.00 | 1-1-2027 | 50,000 | 51,134 | ||
George L Smith II Congress Center Authority Signia Hotel Management LLC Series B144A | 5.00 | 1-1-2054 | 1,000,000 | 926,583 | ||
977,717 | ||||||
Miscellaneous revenue: 0.24% | ||||||
Brookhaven Urban Redevelopment Agency Special Service Tax District Series A | 4.00 | 7-1-2044 | 1,800,000 | 1,806,450 | ||
Utilities revenue: 3.51% | ||||||
Main Street Natural Gas, Inc. Series Aøø | 5.00 | 6-1-2053 | 5,000,000 | 5,285,597 | ||
Main Street Natural Gas, Inc. Series Aøø | 5.00 | 5-1-2054 | 1,000,000 | 1,061,817 | ||
Main Street Natural Gas, Inc. Series Bøø | 5.00 | 7-1-2053 | 1,000,000 | 1,060,756 | ||
Main Street Natural Gas, Inc. Series Cøø | 4.00 | 5-1-2052 | 1,500,000 | 1,504,766 | ||
Main Street Natural Gas, Inc. Series C144Aøø | 4.00 | 8-1-2052 | 6,550,000 | 6,465,223 | ||
Main Street Natural Gas, Inc. Series Døø | 5.00 | 5-1-2054 | 2,000,000 | 2,118,635 | ||
Main Street Natural Gas, Inc. Series E-1 (Royal Bank of Canada LIQ)øø | 5.00 | 12-1-2053 | 3,000,000 | 3,207,060 | ||
Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 Project Series A | 5.00 | 1-1-2036 | 800,000 | 841,978 | ||
Municipal Electric Authority of Georgia Plant Vogtle Units 3&4 Project Series A (AGM Insured) | 5.00 | 7-1-2064 | 4,000,000 | 4,189,878 | ||
Municipal Electric Authority of Georgia Series A | 5.00 | 1-1-2044 | 1,000,000 | 1,037,044 | ||
26,772,754 | ||||||
39,442,688 | ||||||
Guam: 0.17% | ||||||
Airport revenue: 0.05% | ||||||
Antonio B Won Pat International Airport Authority Series A AMT | 5.25 | 10-1-2036 | 370,000 | 372,409 | ||
Miscellaneous revenue: 0.12% | ||||||
Territory of Guam Series F | 4.00 | 1-1-2042 | 1,000,000 | 961,782 | ||
1,334,191 | ||||||
Hawaii: 0.27% | ||||||
Airport revenue: 0.27% | ||||||
State of Hawaii Airports System Revenue Series A AMT | 5.00 | 7-1-2048 | 2,000,000 | 2,034,869 |
Interest rate | Maturity date | Principal | Value | |||
Idaho: 0.50% | ||||||
Education revenue: 0.15% | ||||||
Idaho Housing & Finance Association Arts Charter School, Inc. Series A144A | 5.00 % | 12-1-2036 | $ | 800,000 | $797,260 | |
Idaho Housing & Finance Association Legacy Public Charter School, Inc. Series A | 5.85 | 5-1-2033 | 335,000 | 335,281 | ||
1,132,541 | ||||||
Health revenue: 0.35% | ||||||
Idaho Health Facilities Authority Trinity Health Corp. Obligated Group Series D | 4.00 | 12-1-2043 | 2,710,000 | 2,657,813 | ||
3,790,354 | ||||||
Illinois: 14.00% | ||||||
Airport revenue: 0.52% | ||||||
Chicago O’Hare International Airport AMT | 5.00 | 1-1-2032 | 1,440,000 | 1,444,981 | ||
Chicago O’Hare International Airport Series A AMT | 5.00 | 1-1-2048 | 2,000,000 | 2,023,382 | ||
Chicago O’Hare International Airport Transportation Infrastructure Purpose Obligated Group AMT | 5.00 | 7-1-2038 | 500,000 | 510,345 | ||
3,978,708 | ||||||
Education revenue: 0.83% | ||||||
Illinois Finance Authority Chicago School - California, Inc. | 5.25 | 4-1-2041 | 1,740,000 | 1,876,224 | ||
Illinois Finance Authority University of Chicago Series A | 5.25 | 5-15-2048 | 1,475,000 | 1,626,713 | ||
Illinois Finance Authority Wesleyan University | 5.00 | 9-1-2036 | 2,345,000 | 2,376,831 | ||
Southern Illinois University Series A (BAM Insured) | 4.00 | 4-1-2031 | 450,000 | 445,351 | ||
6,325,119 | ||||||
GO revenue: 7.18% | ||||||
Chicago Board of Education Dedicated Capital Improvement Tax | 5.75 | 4-1-2048 | 1,500,000 | 1,668,670 | ||
Chicago Board of Education Series A | 5.00 | 12-1-2035 | 4,250,000 | 4,435,342 | ||
Chicago Board of Education Series A | 5.00 | 12-1-2038 | 4,105,000 | 4,228,137 | ||
Chicago Board of Education Series A | 5.00 | 12-1-2042 | 2,000,000 | 1,999,837 | ||
Chicago Board of Education Series D | 5.00 | 12-1-2046 | 4,150,000 | 4,138,729 | ||
Chicago Board of Education Series H | 5.00 | 12-1-2036 | 1,000,000 | 1,020,107 | ||
Chicago Park District Series A | 5.00 | 1-1-2030 | 1,000,000 | 1,016,796 | ||
Chicago Park District Series A | 5.00 | 1-1-2031 | 1,000,000 | 1,017,061 | ||
Chicago Park District Series A | 5.00 | 1-1-2032 | 1,225,000 | 1,246,513 | ||
Chicago Park District Series A | 5.00 | 1-1-2035 | 1,000,000 | 1,017,757 | ||
Chicago Park District Series E | 5.00 | 11-15-2029 | 1,735,000 | 1,778,926 | ||
City of Chicago (NPFGC Insured)¤ | 0.00 | 1-1-2027 | 6,000,000 | 5,475,277 | ||
City of Chicago (NPFGC Insured)¤ | 0.00 | 1-1-2031 | 800,000 | 608,000 | ||
City of Chicago Series A | 5.00 | 1-1-2027 | 2,000,000 | 2,057,674 | ||
City of Chicago Series A | 6.00 | 1-1-2038 | 3,500,000 | 3,640,485 | ||
Cook County School District No. 144 Prairie Hills Series C CAB (AGM Insured)¤ | 0.00 | 12-1-2025 | 675,000 | 636,905 | ||
County of Will | 4.00 | 11-15-2047 | 1,645,000 | 1,570,126 | ||
County of Winnebago Series A (AGM Insured) | 4.00 | 12-30-2025 | 1,035,000 | 1,045,271 | ||
Metropolitan Water Reclamation District of Greater Chicago Series C | 5.00 | 12-1-2045 | 1,000,000 | 1,005,854 |
Interest rate | Maturity date | Principal | Value | |||
GO revenue(continued) | ||||||
RBC Municipal Products, Inc. Trust Series 2023-E-156 (Royal Bank of Canada LOC, Royal Bank of Canada LIQ)144Aø | 3.93 % | 11-25-2026 | $ | 5,000,000 | $5,000,000 | |
State of Illinois | 5.00 | 5-1-2025 | 870,000 | 870,821 | ||
State of Illinois | 5.00 | 2-1-2026 | 1,000,000 | 1,021,629 | ||
State of Illinois (AGM Insured) | 5.00 | 4-1-2026 | 1,130,000 | 1,131,175 | ||
State of Illinois Series B | 5.00 | 10-1-2031 | 2,000,000 | 2,161,382 | ||
Village of Bolingbrook (AGM Insured) | 5.00 | 1-1-2031 | 500,000 | 503,383 | ||
Will County Community High School District No. 210 Lincoln-Way Series B CAB (BAM Insured)¤ | 0.00 | 1-1-2027 | 1,030,000 | 933,032 | ||
Will County Community High School District No. 210 Lincoln-Way Series B CAB (BAM Insured)¤ | 0.00 | 1-1-2028 | 475,000 | 413,794 | ||
Will County Community High School District No. 210 Lincoln-Way Series B CAB (BAM Insured)¤ | 0.00 | 1-1-2033 | 1,625,000 | 1,149,415 | ||
Will County Community Unit School District No. 201-U Crete-Monee Series B (AGM Insured) | 4.00 | 1-1-2032 | 715,000 | 728,857 | ||
Will County Community Unit School District No. 201-U Crete-Monee Series B (AGM Insured) | 4.00 | 1-1-2033 | 745,000 | 756,438 | ||
Will County Community Unit School District No. 201-U Crete-Monee Series B (AGM Insured) | 4.00 | 1-1-2035 | 475,000 | 479,264 | ||
54,756,657 | ||||||
Health revenue: 1.69% | ||||||
Illinois Finance Authority Carle Foundation Obligated Group Series A | 4.00 | 8-15-2048 | 1,750,000 | 1,658,677 | ||
Illinois Finance Authority Carle Foundation Obligated Group Series A | 5.00 | 2-15-2045 | 5,350,000 | 5,395,753 | ||
Illinois Finance Authority OSF Healthcare System Obligated Group Series A | 5.00 | 11-15-2045 | 1,750,000 | 1,759,959 | ||
Illinois Finance Authority University of Chicago Medical Center Obligated Group Series A | 5.00 | 8-15-2047 | 3,000,000 | 3,160,113 | ||
Illinois Finance Authority University of Illinois | 4.00 | 10-1-2050 | 1,000,000 | 892,753 | ||
12,867,255 | ||||||
Housing revenue: 1.55% | ||||||
Illinois Sports Facilities Authority | 5.00 | 6-15-2029 | 1,000,000 | 1,052,756 | ||
Metropolitan Pier & Exposition Authority Series A | 4.00 | 12-15-2042 | 750,000 | 739,071 | ||
Metropolitan Pier & Exposition Authority Series A (NPFGC Insured)¤ | 0.00 | 6-15-2029 | 1,950,000 | 1,596,230 | ||
Metropolitan Pier & Exposition Authority Series A (NPFGC Insured)¤## | 0.00 | 12-15-2030 | 11,000,000 | 8,460,635 | ||
11,848,692 | ||||||
Tax revenue: 0.89% | ||||||
County of Cook Sales Tax Revenue Series A | 5.00 | 11-15-2037 | 1,625,000 | 1,748,791 | ||
Illinois Sports Facilities Authority (AGM Insured) | 5.00 | 6-15-2028 | 1,500,000 | 1,504,662 | ||
Illinois Sports Facilities Authority (AGM Insured) | 5.25 | 6-15-2031 | 2,500,000 | 2,507,775 | ||
Sales Tax Securitization Corp. Series A | 4.00 | 1-1-2038 | 1,000,000 | 1,003,145 | ||
6,764,373 |
Interest rate | Maturity date | Principal | Value | |||
Transportation revenue: 0.73% | ||||||
Illinois State Toll Highway Authority Series A | 4.00 % | 1-1-2046 | $ | 2,000,000 | $1,930,406 | |
Illinois State Toll Highway Authority Series A | 5.00 | 1-1-2045 | 3,450,000 | 3,667,907 | ||
5,598,313 | ||||||
Water & sewer revenue: 0.61% | ||||||
City of Chicago Wastewater Transmission Revenue Series A (AGM Insured) | 5.25 | 1-1-2048 | 1,000,000 | 1,083,223 | ||
City of Chicago Waterworks Revenue Second Lien Project | 5.00 | 11-1-2044 | 2,500,000 | 2,504,306 | ||
City of Chicago Waterworks Revenue Series 2017-2 (AGM Insured) | 5.00 | 11-1-2037 | 1,000,000 | 1,039,457 | ||
4,626,986 | ||||||
106,766,103 | ||||||
Indiana: 1.42% | ||||||
Education revenue: 0.20% | ||||||
Indiana Finance Authority DePauw University Series A | 5.00 | 7-1-2047 | 1,500,000 | 1,518,590 | ||
Health revenue: 0.71% | ||||||
Indiana Finance Authority Franciscan Alliance, Inc. Obligated Group Series C | 4.00 | 11-1-2034 | 5,360,000 | 5,396,145 | ||
Industrial development revenue: 0.45% | ||||||
City of Valparaiso Pratt Paper LLC AMT144A | 4.88 | 1-1-2044 | 2,225,000 | 2,299,357 | ||
Indianapolis Local Public Improvement Bond Bank Series E | 5.75 | 3-1-2043 | 1,000,000 | 1,104,361 | ||
3,403,718 | ||||||
Water & sewer revenue: 0.06% | ||||||
Terre Haute Sanitary District BAN | 5.25 | 9-28-2028 | 500,000 | 499,998 | ||
10,818,451 | ||||||
Kansas: 0.74% | ||||||
Tax revenue: 0.74% | ||||||
Wyandotte County-Kansas City Unified Government Sales Tax Revenue CAB144A¤ | 0.00 | 9-1-2034 | 13,540,000 | 5,669,103 | ||
Kentucky: 1.25% | ||||||
Health revenue: 0.57% | ||||||
County of Warren Bowling Green Community Hospital Corp. | 5.25 | 4-1-2054 | 3,000,000 | 3,235,688 | ||
Louisville/Jefferson County Metropolitan Government Norton Healthcare Obligated Group Series A | 5.00 | 10-1-2039 | 1,000,000 | 1,090,092 | ||
4,325,780 | ||||||
Housing revenue: 0.33% | ||||||
Kentucky State Property & Building Commission Project No. 124 Series A (AGM Insured) | 5.00 | 11-1-2039 | 2,325,000 | 2,540,408 | ||
Transportation revenue: 0.15% | ||||||
Kentucky Public Transportation Infrastructure Authority Series B CAB¤ | 0.00 | 7-1-2029 | 1,400,000 | 1,136,087 |
Interest rate | Maturity date | Principal | Value | |||
Utilities revenue: 0.20% | ||||||
Paducah Electric Plant Board Series A (AGM Insured) | 5.00 % | 10-1-2035 | $ | 1,510,000 | $1,543,412 | |
9,545,687 | ||||||
Louisiana: 0.97% | ||||||
Airport revenue: 0.30% | ||||||
New Orleans Aviation Board Louis Armstrong International Airport Series A | 5.00 | 1-1-2040 | 1,215,000 | 1,219,696 | ||
New Orleans Aviation Board Louis Armstrong New Orleans International Airport Series B AMT | 5.00 | 1-1-2030 | 360,000 | 361,454 | ||
Port New Orleans Board of Commissioners Series E AMT | 5.00 | 4-1-2038 | 640,000 | 670,000 | ||
2,251,150 | ||||||
Industrial development revenue: 0.13% | ||||||
Parish of St. John the Baptist Marathon Oil Corp. Series A-3øø | 2.20 | 6-1-2037 | 1,000,000 | 964,800 | ||
Tax revenue: 0.28% | ||||||
Ernest N Morial New Orleans Exhibition Hall Authority | 5.25 | 7-15-2048 | 2,000,000 | 2,173,745 | ||
Water & sewer revenue: 0.26% | ||||||
Greater Ouachita Water Co. (BAM Insured) | 4.00 | 9-1-2034 | 500,000 | 507,539 | ||
Greater Ouachita Water Co. (BAM Insured) | 4.00 | 9-1-2035 | 500,000 | 507,148 | ||
Greater Ouachita Water Co. (BAM Insured) | 4.00 | 9-1-2036 | 565,000 | 571,931 | ||
Greater Ouachita Water Co. (BAM Insured) | 4.00 | 9-1-2037 | 415,000 | 418,539 | ||
2,005,157 | ||||||
7,394,852 | ||||||
Maryland: 2.08% | ||||||
Airport revenue: 0.45% | ||||||
Maryland Economic Development Corp. Air Cargo Obligated Group AMT | 4.00 | 7-1-2039 | 1,100,000 | 1,062,182 | ||
Maryland Economic Development Corp. Air Cargo Obligated Group AMT | 4.00 | 7-1-2044 | 750,000 | 690,539 | ||
Maryland Economic Development Corp. Air Cargo Obligated Group AMT | 5.00 | 7-1-2024 | 645,000 | 645,000 | ||
Maryland Economic Development Corp. Air Cargo Obligated Group AMT | 5.00 | 7-1-2027 | 800,000 | 820,449 | ||
Maryland Economic Development Corp. Air Cargo Obligated Group AMT | 5.00 | 7-1-2029 | 220,000 | 230,044 | ||
3,448,214 | ||||||
Education revenue: 0.73% | ||||||
County of Prince George’s Chesapeake Lighthouse Charter School Obligated Group Series A-2øø | 6.00 | 8-1-2048 | 2,825,000 | 2,981,591 | ||
County of Prince George’s Chesapeake Lighthouse Foundation, Inc. Series A | 5.75 | 8-1-2033 | 1,000,000 | 1,027,837 | ||
County of Prince George’s Chesapeake Lighthouse Foundation, Inc. Series A | 7.00 | 8-1-2046 | 1,500,000 | 1,548,784 | ||
5,558,212 |
Interest rate | Maturity date | Principal | Value | |||
GO revenue: 0.26% | ||||||
County of Baltimore | 4.00 % | 3-1-2042 | $ | 2,000,000 | $2,002,231 | |
Health revenue: 0.64% | ||||||
Maryland Health & Higher Educational Facilities Authority Adventist Healthcare Obligated Group Series B | 4.00 | 1-1-2051 | 5,000,000 | 4,314,105 | ||
Maryland Health & Higher Educational Facilities Authority Frederick Health, Inc. Obligated Group | 4.00 | 7-1-2040 | 550,000 | 532,867 | ||
4,846,972 | ||||||
15,855,629 | ||||||
Massachusetts: 1.70% | ||||||
Airport revenue: 0.28% | ||||||
Massachusetts Port Authority Series A AMT | 5.00 | 7-1-2041 | 2,000,000 | 2,137,061 | ||
GO revenue: 0.50% | ||||||
Commonwealth of Massachusetts Series D | 5.00 | 10-1-2053 | 3,540,000 | 3,809,202 | ||
Health revenue: 0.92% | ||||||
Massachusetts Development Finance Agency Beth Israel Lahey Health Obligated Group Series F | 5.00 | 8-15-2045 | 2,000,000 | 2,008,151 | ||
Massachusetts Development Finance Agency Mass General Brigham, Inc. Series D | 5.00 | 7-1-2054 | 3,000,000 | 3,194,593 | ||
Massachusetts Development Finance Agency UMass Memorial Health Care Obligated Group Series L | 5.00 | 7-1-2044 | 1,785,000 | 1,809,767 | ||
7,012,511 | ||||||
12,958,774 | ||||||
Michigan: 3.73% | ||||||
Health revenue: 0.13% | ||||||
Michigan Finance Authority Sparrow Health Obligated Group | 5.00 | 11-15-2045 | 1,000,000 | 1,012,127 | ||
Miscellaneous revenue: 0.97% | ||||||
Michigan Finance Authority County of Wayne | 4.00 | 11-1-2048 | 2,000,000 | 1,887,434 | ||
Michigan Finance Authority Detroit Public Lighting Authority Utility Users Tax Revenue Series B | 5.00 | 7-1-2039 | 4,000,000 | 4,001,922 | ||
Michigan Finance Authority Detroit Public Lighting Authority Utility Users Tax Revenue Series B | 5.00 | 7-1-2044 | 1,500,000 | 1,500,483 | ||
7,389,839 | ||||||
Utilities revenue: 0.44% | ||||||
Lansing Board of Water & Light Series A | 5.25 | 7-1-2054 | 3,000,000 | 3,322,548 | ||
Water & sewer revenue: 2.19% | ||||||
Great Lakes Water Authority Sewage Disposal System Revenue Series C | 5.00 | 7-1-2036 | 3,560,000 | 3,633,116 | ||
Great Lakes Water Authority Water Supply System Revenue Series D | 4.00 | 7-1-2032 | 4,000,000 | 4,025,316 | ||
Great Lakes Water Authority Water Supply System Revenue Series D (AGM Insured) | 4.00 | 7-1-2033 | 4,000,000 | 4,025,891 |
Interest rate | Maturity date | Principal | Value | |||
Water & sewer revenue(continued) | ||||||
Michigan Finance Authority Great Lakes Water Authority Water Supply System Revenue Series D4 | 5.00 % | 7-1-2029 | $ | 1,000,000 | $1,000,762 | |
Michigan Finance Authority Great Lakes Water Authority Water Supply System Revenue Series D4 | 5.00 | 7-1-2030 | 4,000,000 | 4,003,049 | ||
16,688,134 | ||||||
28,412,648 | ||||||
Minnesota: 0.11% | ||||||
Airport revenue: 0.09% | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission Series B AMT | 5.25 | 1-1-2047 | 650,000 | 690,449 | ||
Education revenue: 0.02% | ||||||
City of Independence Beacon Academy Series A | 4.25 | 7-1-2026 | 155,000 | 152,315 | ||
842,764 | ||||||
Mississippi: 0.51% | ||||||
Miscellaneous revenue: 0.51% | ||||||
Mississippi Development Bank City of Jackson Water & Sewer System Revenue (AGM Insured) | 5.00 | 9-1-2030 | 755,000 | 755,683 | ||
Mississippi Development Bank City of Jackson Series A | 5.00 | 3-1-2026 | 3,050,000 | 3,103,646 | ||
3,859,329 | ||||||
Missouri: 1.05% | ||||||
Miscellaneous revenue: 0.67% | ||||||
Kansas City IDA Airport Revenue Series B AMT (AGM Insured) | 5.00 | 3-1-2049 | 5,000,000 | 5,116,924 | ||
Water & sewer revenue: 0.38% | ||||||
City of Kansas City Sanitary Sewer System Revenue Series A | 4.00 | 1-1-2049 | 3,000,000 | 2,897,096 | ||
8,014,020 | ||||||
Nebraska: 0.27% | ||||||
Utilities revenue: 0.27% | ||||||
Central Plains Energy Project (Royal Bank of Canada LIQ)øø | 4.00 | 12-1-2049 | 2,080,000 | 2,082,168 | ||
Nevada: 0.95% | ||||||
GO revenue: 0.77% | ||||||
Clark County School District Series A (AGM Insured) | 4.00 | 6-15-2035 | 2,000,000 | 2,011,241 | ||
Clark County School District Series A (AGM Insured) | 4.00 | 6-15-2040 | 750,000 | 742,182 | ||
County of Clark Series A | 5.00 | 5-1-2048 | 3,000,000 | 3,119,204 | ||
5,872,627 | ||||||
Industrial development revenue: 0.07% | ||||||
County of Clark Southern California Edison Co. | 2.10 | 6-1-2031 | 600,000 | 516,743 | ||
Utilities revenue: 0.11% | ||||||
County of Washoe Sierra Pacific Power Co. Series Føø | 4.13 | 3-1-2036 | 850,000 | 851,466 | ||
7,240,836 |
Interest rate | Maturity date | Principal | Value | |||
New Hampshire: 0.91% | ||||||
Housing revenue: 0.24% | ||||||
New Hampshire Business Finance Authority Series 1-A | 4.13 % | 1-20-2034 | $ | 1,865,612 | $1,830,283 | |
Resource recovery revenue: 0.14% | ||||||
New Hampshire Business Finance Authority United Illuminating Co. Series A | 4.50 | 10-1-2033 | 1,000,000 | 1,026,122 | ||
Water & sewer revenue: 0.53% | ||||||
New Hampshire Business Finance Authority Pennichuck Water Works, Inc. Series A AMT | 5.00 | 1-1-2026 | 1,000,000 | 1,004,805 | ||
New Hampshire Business Finance Authority Pennichuck Water Works, Inc. Series A AMT | 5.00 | 1-1-2027 | 845,000 | 858,924 | ||
New Hampshire Business Finance Authority Pennichuck Water Works, Inc. Series A AMT | 5.00 | 1-1-2028 | 2,170,000 | 2,186,029 | ||
4,049,758 | ||||||
6,906,163 | ||||||
New Jersey: 3.56% | ||||||
Education revenue: 0.30% | ||||||
Atlantic County Improvement Authority Stockton University Series A (AGM Insured) | 4.00 | 7-1-2041 | 530,000 | 518,476 | ||
New Jersey EDA Hatikvah International Academy Charter School Series A144A | 5.00 | 7-1-2027 | 325,000 | 326,321 | ||
New Jersey EDA Hatikvah International Academy Charter School Series A144A | 5.25 | 7-1-2037 | 1,500,000 | 1,479,008 | ||
2,323,805 | ||||||
Housing revenue: 2.20% | ||||||
New Jersey EDA Motor Vehicle Surcharge Revenue Series A (NPFGC Insured) | 5.25 | 7-1-2026 | 205,000 | 209,603 | ||
New Jersey EDA Portal North Bridge Project Series A | 5.25 | 11-1-2041 | 2,000,000 | 2,212,564 | ||
New Jersey Housing & Mortgage Finance Agency Single-Family Home Mortgage Series B AMT | 3.30 | 10-1-2025 | 3,375,000 | 3,334,971 | ||
New Jersey Housing & Mortgage Finance Agency Single-Family Home Mortgage Series B AMT | 3.40 | 4-1-2026 | 3,405,000 | 3,353,537 | ||
New Jersey Housing & Mortgage Finance Agency Single-Family Home Mortgage Series B AMT | 3.45 | 10-1-2026 | 1,495,000 | 1,447,332 | ||
New Jersey TTFA Series A¤ | 0.00 | 12-15-2031 | 2,500,000 | 1,889,225 | ||
New Jersey TTFA Series A | 4.00 | 6-15-2042 | 750,000 | 739,015 | ||
New Jersey TTFA Series A-1 | 5.00 | 6-15-2029 | 2,000,000 | 2,051,437 | ||
New Jersey TTFA Series AA | 5.00 | 6-15-2045 | 1,500,000 | 1,510,609 | ||
16,748,293 | ||||||
Tax revenue: 0.47% | ||||||
New Jersey TTFA Series AA | 4.00 | 6-15-2039 | 2,250,000 | 2,250,808 | ||
New Jersey TTFA Series AA | 5.00 | 6-15-2040 | 1,250,000 | 1,340,873 | ||
3,591,681 |
Interest rate | Maturity date | Principal | Value | |||
Transportation revenue: 0.14% | ||||||
South Jersey Transportation Authority Series A | 5.25 % | 11-1-2052 | $ | 1,000,000 | $1,062,985 | |
Water & sewer revenue: 0.45% | ||||||
Jersey City Municipal Utilities Authority Water Fund Series C (AGM Insured) | 5.25 | 10-15-2054 | 2,000,000 | 2,213,141 | ||
New Jersey EDA American Water Co., Inc. Series A AMTøø | 2.20 | 10-1-2039 | 1,350,000 | 1,188,088 | ||
3,401,229 | ||||||
27,127,993 | ||||||
New York: 7.78% | ||||||
Airport revenue: 1.02% | ||||||
New York Transportation Development Corp. Delta Air Lines, Inc. AMT | 5.63 | 4-1-2040 | 500,000 | 543,709 | ||
New York Transportation Development Corp. Delta Air Lines, Inc. AMT | 6.00 | 4-1-2035 | 500,000 | 565,112 | ||
New York Transportation Development Corp. JFK International Air Terminal LLC Series C | 5.00 | 12-1-2033 | 1,000,000 | 1,088,767 | ||
New York Transportation Development Corp. JFK International Air Terminal LLC Series C | 5.00 | 12-1-2034 | 2,000,000 | 2,172,378 | ||
New York Transportation Development Corp. JFK NTO LLC AMT | 5.50 | 6-30-2060 | 2,285,000 | 2,409,940 | ||
Port Authority of New York & New Jersey Series 221 AMT | 4.00 | 7-15-2040 | 1,000,000 | 977,498 | ||
7,757,404 | ||||||
Education revenue: 2.08% | ||||||
Babylon L D Corp. II Series A | 6.65 | 2-1-2053 | 3,500,000 | 3,598,687 | ||
Hempstead Town Local Development Corp. Academy Charter School Series A | 4.45 | 2-1-2041 | 1,155,000 | 970,662 | ||
Hempstead Town Local Development Corp. Academy Charter School Series A | 4.60 | 2-1-2051 | 1,915,000 | 1,501,614 | ||
Hempstead Town Local Development Corp. Academy Charter School Series A | 6.24 | 2-1-2047 | 3,500,000 | 3,510,494 | ||
Hempstead Town Local Development Corp. Academy Charter School Series B | 5.66 | 2-1-2044 | 4,585,000 | 4,391,290 | ||
Hempstead Town Local Development Corp. Evergreen Charter School, Inc. Series A | 5.25 | 6-15-2042 | 1,500,000 | 1,557,224 | ||
Troy Capital Resource Corp. | 4.00 | 9-1-2032 | 350,000 | 353,902 | ||
15,883,873 | ||||||
Health revenue: 0.16% | ||||||
Broome County Local Development Corp. United Health Services Hospitals Obligated Group (AGM Insured) | 4.00 | 4-1-2038 | 1,250,000 | 1,241,043 | ||
Industrial development revenue: 1.34% | ||||||
New York Liberty Development Corp. One Bryant Park LLC Class 3 | 2.80 | 9-15-2069 | 1,000,000 | 898,985 | ||
New York Transportation Development Corp. Delta Air Lines, Inc. AMT | 5.00 | 1-1-2031 | 1,135,000 | 1,172,899 | ||
New York Transportation Development Corp. Delta Air Lines, Inc. AMT | 5.00 | 10-1-2035 | 3,500,000 | 3,679,524 |
Interest rate | Maturity date | Principal | Value | |||
Industrial development revenue(continued) | ||||||
New York Transportation Development Corp. Delta Air Lines, Inc. AMT | 5.00 % | 10-1-2040 | $ | 2,290,000 | $2,382,543 | |
New York Transportation Development Corp. Delta Air Lines, Inc. Series A AMT | 5.00 | 1-1-2034 | 2,000,000 | 2,062,317 | ||
10,196,268 | ||||||
Miscellaneous revenue: 0.24% | ||||||
Suffolk Regional Off-Track Betting Co. | 6.00 | 12-1-2053 | 1,000,000 | 1,042,304 | ||
Western Regional Off-Track Betting Corp.144A | 4.13 | 12-1-2041 | 1,000,000 | 805,478 | ||
1,847,782 | ||||||
Tax revenue: 1.75% | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue Series E-1 | 4.00 | 2-1-2041 | 2,000,000 | 1,959,300 | ||
New York State Dormitory Authority Personal Income Tax Revenue Series A | 5.00 | 3-15-2043 | 2,350,000 | 2,505,975 | ||
New York State Dormitory Authority Personal Income Tax Revenue Series E | 4.00 | 3-15-2042 | 1,500,000 | 1,477,569 | ||
New York State Urban Development Corp. Personal Income Tax Revenue Series C | 4.00 | 3-15-2042 | 3,000,000 | 2,980,183 | ||
New York State Urban Development Corp. Personal Income Tax Revenue Series E | 4.00 | 3-15-2043 | 1,500,000 | 1,485,501 | ||
Triborough Bridge & Tunnel Authority Sales Tax Revenue Series A-2 | 5.25 | 5-15-2064 | 2,715,000 | 2,954,188 | ||
13,362,716 | ||||||
Transportation revenue: 1.09% | ||||||
Metropolitan Transportation Authority Series C-1 | 5.00 | 11-15-2034 | 3,000,000 | 3,157,253 | ||
Metropolitan Transportation Authority Series C-1 | 5.25 | 11-15-2030 | 2,000,000 | 2,041,761 | ||
Metropolitan Transportation Authority Series C-1 | 5.25 | 11-15-2031 | 3,000,000 | 3,063,090 | ||
8,262,104 | ||||||
Utilities revenue: 0.10% | ||||||
New York State Energy Research & Development Authority Electric & Gas Corp. Series C | 4.00 | 4-1-2034 | 750,000 | 747,881 | ||
59,299,071 | ||||||
North Carolina: 0.20% | ||||||
Transportation revenue: 0.20% | ||||||
North Carolina Turnpike Authority Series A (AGM Insured) | 5.00 | 1-1-2054 | 1,425,000 | 1,509,400 | ||
North Dakota: 0.09% | ||||||
Health revenue: 0.09% | ||||||
City of Grand Forks Altru Health System Obligated Group Series A (AGM Insured) | 5.00 | 12-1-2048 | 700,000 | 729,401 | ||
Ohio: 2.53% | ||||||
Airport revenue: 0.30% | ||||||
Port of Greater Cincinnati Development Authorityøø | 4.38 | 6-15-2056 | 2,340,000 | 2,303,628 |
Interest rate | Maturity date | Principal | Value | |||
Health revenue: 0.96% | ||||||
City of Middleburg Heights Southwest General Health Center Obligated Group Series A | 4.00 % | 8-1-2041 | $ | 2,000,000 | $1,924,907 | |
Cleveland-Cuyahoga County Port Authority Centers for Dialysis Care Obligated Group Series A | 5.00 | 12-1-2037 | 2,700,000 | 2,733,827 | ||
County of Lucas Promedica Healthcare Obligated Group Series A | 5.25 | 11-15-2048 | 750,000 | 764,637 | ||
County of Montgomery Premier Health Partners Obligated Group Series A | 4.00 | 11-15-2039 | 2,000,000 | 1,902,695 | ||
7,326,066 | ||||||
Housing revenue: 0.54% | ||||||
State of Ohio Department of Transportation AMT (AGM Insured) | 5.00 | 12-31-2029 | 2,070,000 | 2,084,984 | ||
State of Ohio Department of Transportation AMT (AGM Insured) | 5.00 | 12-31-2035 | 2,000,000 | 2,012,147 | ||
4,097,131 | ||||||
Industrial development revenue: 0.25% | ||||||
Ohio Air Quality Development Authority Valley Electric Corp. Series A | 2.88 | 2-1-2026 | 2,000,000 | 1,935,708 | ||
Tobacco revenue: 0.15% | ||||||
Buckeye Tobacco Settlement Financing Authority Class 2 Series B-2 | 5.00 | 6-1-2055 | 1,000,000 | 921,859 | ||
Buckeye Tobacco Settlement Financing Authority Class 2 Series B-3 CAB¤ | 0.00 | 6-1-2057 | 2,000,000 | 187,031 | ||
1,108,890 | ||||||
Transportation revenue: 0.14% | ||||||
Summit County Development Finance Authority University of Akron Parking Project | 5.75 | 12-1-2053 | 1,000,000 | 1,076,715 | ||
Utilities revenue: 0.19% | ||||||
Ohio Air Quality Development Authority Valley Electric Corp. Series A | 3.25 | 9-1-2029 | 1,500,000 | 1,440,184 | ||
19,288,322 | ||||||
Oklahoma: 1.79% | ||||||
Airport revenue: 0.78% | ||||||
Oklahoma City Airport Trust AMT | 5.00 | 7-1-2037 | 3,805,000 | 3,923,979 | ||
Tulsa Airports Improvement Trust Series A AMT (AGM Insured) | 5.25 | 6-1-2048 | 2,000,000 | 2,049,725 | ||
5,973,704 | ||||||
Housing revenue: 1.01% | ||||||
Custer County EDA Independent School District No. 7 Thomas-Fay- Custer | 4.00 | 12-1-2031 | 3,250,000 | 3,298,847 | ||
Garfield County Educational Facilities Authority Independent School District No. 57 Enid Series A | 5.00 | 9-1-2027 | 1,895,000 | 1,941,766 | ||
Muskogee Industrial Trust Independent School District No. 20 | 4.00 | 9-1-2030 | 2,000,000 | 1,978,563 | ||
Pontotoc County Educational Facilities Authority Ada Independent School District No. 19 | 4.00 | 9-1-2040 | 500,000 | 474,050 | ||
7,693,226 | ||||||
13,666,930 |
Interest rate | Maturity date | Principal | Value | |||
Oregon: 0.03% | ||||||
Health revenue: 0.03% | ||||||
Astoria Hospital Facilities Authority Columbia Lutheran Charities Obligated Group | 5.25 % | 8-1-2054 | $ | 250,000 | $264,532 | |
Pennsylvania: 7.72% | ||||||
Airport revenue: 1.10% | ||||||
Allegheny County Airport Authority Series A AMT (AGM Insured) | 4.00 | 1-1-2046 | 3,715,000 | 3,566,840 | ||
City of Philadelphia Airport Revenue Series B AMT | 5.00 | 7-1-2042 | 2,500,000 | 2,532,384 | ||
City of Philadelphia Airport Revenue Series C AMT | 4.00 | 7-1-2036 | 1,630,000 | 1,617,983 | ||
City of Philadelphia Airport Revenue Series C AMT | 4.00 | 7-1-2040 | 655,000 | 643,541 | ||
8,360,748 | ||||||
Education revenue: 0.49% | ||||||
Philadelphia IDA Frankford Valley Foundation for Literacy144A | 4.50 | 6-15-2034 | 750,000 | 749,892 | ||
Philadelphia IDA Southwest Leadership Academy Series A | 6.47 | 11-1-2037 | 2,390,000 | 2,237,857 | ||
Philadelphia IDA Tacony Academy Charter School144A | 5.38 | 6-15-2038 | 750,000 | 784,904 | ||
3,772,653 | ||||||
GO revenue: 1.13% | ||||||
Armstrong School District Series A (BAM Insured) | 4.00 | 3-15-2037 | 1,000,000 | 1,009,237 | ||
School District of Philadelphia Series A (BAM Insured) | 4.00 | 9-1-2040 | 1,000,000 | 1,005,158 | ||
School District of Philadelphia Series A (BAM Insured) | 4.00 | 9-1-2041 | 1,500,000 | 1,500,655 | ||
School District of Philadelphia Series F | 5.00 | 9-1-2030 | 1,000,000 | 1,023,609 | ||
School District of Philadelphia Series F | 5.00 | 9-1-2036 | 3,000,000 | 3,042,132 | ||
School District of Philadelphia Series F | 5.00 | 9-1-2037 | 1,000,000 | 1,011,773 | ||
8,592,564 | ||||||
Health revenue: 1.11% | ||||||
Bucks County IDA St. Luke’s Hospital Obligated Group | 4.00 | 8-15-2035 | 450,000 | 442,653 | ||
Bucks County IDA St. Luke’s Hospital Obligated Group | 4.00 | 8-15-2036 | 900,000 | 885,713 | ||
Bucks County IDA St. Luke’s Hospital Obligated Group | 4.00 | 8-15-2037 | 2,285,000 | 2,235,769 | ||
Northampton County General Purpose Authority St. Luke’s Hospital Obligated Group Series A-1 (AGM Insured) | 5.00 | 8-15-2049 | 3,645,000 | 3,908,359 | ||
Pennsylvania EDFA UPMC Obligated Group Series A-1 | 4.00 | 4-15-2045 | 1,000,000 | 961,319 | ||
8,433,813 | ||||||
Housing revenue: 2.19% | ||||||
Pennsylvania EDFA Bridges Finco LP | 5.00 | 12-31-2034 | 5,000,000 | 5,062,515 | ||
Pennsylvania EDFA Commonwealth of Pennsylvania Department of Transportation AMT | 5.25 | 6-30-2053 | 3,430,000 | 3,558,269 | ||
Pennsylvania Housing Finance Agency | 4.45 | 10-1-2044 | 1,000,000 | 1,007,432 | ||
Philadelphia Municipal Authority | 5.00 | 4-1-2033 | 2,355,000 | 2,468,449 | ||
State Public School Building Authority School District of Philadelphia Series A | 5.00 | 6-1-2036 | 4,525,000 | 4,597,199 | ||
16,693,864 | ||||||
Miscellaneous revenue: 0.20% | ||||||
Philadelphia IDA | 5.00 | 12-1-2037 | 1,500,000 | 1,556,501 |
Interest rate | Maturity date | Principal | Value | |||
Tax revenue: 0.14% | ||||||
Southeastern Pennsylvania Transportation Authority | 5.25 % | 6-1-2047 | $ | 1,000,000 | $1,095,442 | |
Transportation revenue: 1.36% | ||||||
Lancaster City Parking Authority Series A (BAM Insured) | 4.00 | 9-1-2041 | 1,500,000 | 1,503,012 | ||
Pennsylvania EDFA Series A (AGM Insured) | 5.00 | 1-1-2038 | 1,360,000 | 1,469,428 | ||
Pennsylvania Turnpike Commission Oil Franchise Tax Revenue Series B | 5.00 | 12-1-2043 | 1,115,000 | 1,163,241 | ||
Pennsylvania Turnpike Commission Series A | 4.00 | 12-1-2045 | 1,000,000 | 976,493 | ||
Pennsylvania Turnpike Commission Series A-1 | 5.00 | 12-1-2047 | 1,000,000 | 1,034,330 | ||
Pennsylvania Turnpike Commission Series B (TD Bank N.A. LOC)ø | 3.95 | 12-1-2043 | 4,200,000 | 4,200,000 | ||
10,346,504 | ||||||
58,852,089 | ||||||
South Carolina: 0.02% | ||||||
Resource recovery revenue: 0.02% | ||||||
South Carolina Jobs-EDA RePower South Berkeley LLC† | 8.00 | 12-6-2029 | 115,000 | 92,000 | ||
South Carolina Jobs-EDA RePower South Berkeley LLC AMT144A♦‡† | 6.00 | 2-1-2035 | 1,500,000 | 75,000 | ||
167,000 | ||||||
Tennessee: 0.39% | ||||||
Housing revenue: 0.25% | ||||||
Knox County Health Educational & Housing Facility Board Provident Group - UTK Properties LLC Series A-1 (BAM Insured) | 5.50 | 7-1-2059 | 1,750,000 | 1,894,955 | ||
Utilities revenue: 0.14% | ||||||
Tennergy Corp. Series Aøø | 5.50 | 10-1-2053 | 1,000,000 | 1,068,451 | ||
2,963,406 | ||||||
Texas: 6.48% | ||||||
Airport revenue: 0.66% | ||||||
City of Austin Airport System Revenue AMT | 5.00 | 11-15-2044 | 2,500,000 | 2,500,812 | ||
Port Authority of Houston of Harris County | 4.00 | 10-1-2039 | 2,500,000 | 2,531,173 | ||
5,031,985 | ||||||
Education revenue: 1.70% | ||||||
Arlington Higher Education Finance Corp. BASIS Texas Charter Schools, Inc.144A%% | 4.75 | 6-15-2049 | 915,000 | 897,922 | ||
Arlington Higher Education Finance Corp. LTTS Charter School, Inc. Series A | 7.13 | 3-1-2044 | 1,250,000 | 1,250,209 | ||
Arlington Higher Education Finance Corp. School of Excellence in Education Series A144A | 6.00 | 2-15-2042 | 250,000 | 248,636 | ||
Clifton Higher Education Finance Corp. International Leadership of Texas, Inc. Series A | 5.50 | 8-15-2035 | 2,000,000 | 2,032,247 | ||
Clifton Higher Education Finance Corp. International Leadership of Texas, Inc. Series A | 5.75 | 8-15-2038 | 1,000,000 | 1,017,962 | ||
Clifton Higher Education Finance Corp. International Leadership of Texas, Inc. Series D | 6.00 | 8-15-2038 | 2,500,000 | 2,551,339 | ||
Clifton Higher Education Finance Corp. International Leadership of Texas, Inc. Series D | 6.13 | 8-15-2048 | 2,250,000 | 2,286,263 |
Interest rate | Maturity date | Principal | Value | |||
Education revenue(continued) | ||||||
Clifton Higher Education Finance Corp. Valor Texas Education Foundation Series A144A | 6.00 % | 6-15-2048 | $ | 650,000 | $662,541 | |
Tender Option Bond Trust Receipts/Certificates Series 2021-MS0002 (Morgan Stanley Municipal Funding LOC, Morgan Stanley Municipal Funding LIQ)144Aø | 4.28 | 6-15-2056 | 2,000,000 | 2,000,000 | ||
12,947,119 | ||||||
GO revenue: 2.21% | ||||||
City of Palestine (AGM Insured) | 4.00 | 2-15-2051 | 3,625,000 | 3,317,346 | ||
City of Port Isabel144A | 5.10 | 2-15-2049 | 460,000 | 462,073 | ||
City of Waco Series A | 5.00 | 2-1-2049 | 850,000 | 924,210 | ||
El Paso County Hospital District | 5.00 | 8-15-2029 | 1,555,000 | 1,555,679 | ||
Krum Independent School District | 4.25 | 8-15-2054 | 2,000,000 | 1,982,611 | ||
Temple College | 3.00 | 7-1-2027 | 400,000 | 390,318 | ||
Waller Consolidated Independent School District (BAM Insured) | 5.00 | 2-15-2045 | 7,610,000 | 8,248,837 | ||
16,881,074 | ||||||
Health revenue: 0.64% | ||||||
Greater Texas Cultural Education Facilities Finance Corp. Texas Biomedical Research Institute Series A%% | 5.00 | 6-1-2041 | 1,310,000 | 1,384,098 | ||
Harris County Cultural Education Facilities Finance Corp. Baylor College of Medicine Series Bø | 4.38 | 11-15-2046 | 1,500,000 | 1,500,000 | ||
Harris County Cultural Education Facilities Finance Corp. Texas Children’s Hospital Obligated Group Series 3 (TD Bank N.A. LOC)ø | 3.90 | 10-1-2045 | 2,000,000 | 2,000,000 | ||
4,884,098 | ||||||
Industrial development revenue: 0.13% | ||||||
Port of Beaumont Navigation District Jefferson 2020 Bond Lessee & Borrower LLC Obligated Group Series A AMT144A | 5.00 | 1-1-2039 | 1,000,000 | 1,011,842 | ||
Miscellaneous revenue: 0.19% | ||||||
Greater Texoma Utility Authority Sherman Water & Sewer System Revenue (AGM Insured) | 4.25 | 10-1-2053 | 1,500,000 | 1,451,831 | ||
Tax revenue: 0.24% | ||||||
City of Dallas144Aøø | 6.25 | 8-15-2053 | 750,000 | 755,130 | ||
Old Spanish Trail-Alemda Corridors RDA City of Houston Reinvestment Zone No. 7 (BAM Insured) | 4.00 | 9-1-2035 | 1,070,000 | 1,067,027 | ||
1,822,157 | ||||||
Transportation revenue: 0.54% | ||||||
Central Texas Regional Mobility Authority Series A | 5.00 | 1-1-2049 | 1,000,000 | 1,039,512 | ||
Central Texas Regional Mobility Authority Series B | 4.00 | 1-1-2038 | 550,000 | 556,375 | ||
Texas Private Activity Bond Surface Transportation Corp. NTE Mobility Partners LLC Series A | 4.00 | 12-31-2037 | 2,500,000 | 2,507,999 | ||
4,103,886 |
Interest rate | Maturity date | Principal | Value | |||
Water & sewer revenue: 0.17% | ||||||
Upper Trinity Regional Water District (BAM Insured) | 5.00 % | 8-1-2028 | $ | 750,000 | $766,072 | |
Upper Trinity Regional Water District (BAM Insured) | 5.00 | 8-1-2029 | 500,000 | 510,895 | ||
1,276,967 | ||||||
49,410,959 | ||||||
Utah: 1.96% | ||||||
Airport revenue: 0.49% | ||||||
City of Salt Lake City Airport Revenue Series A AMT | 5.25 | 7-1-2048 | 2,575,000 | 2,711,500 | ||
City of Salt Lake City Airport Revenue Series B | 5.00 | 7-1-2043 | 1,000,000 | 1,040,971 | ||
3,752,471 | ||||||
Education revenue: 0.94% | ||||||
Utah Charter School Finance Authority Early Light Academy, Inc.144A | 4.50 | 7-15-2027 | 235,000 | 233,071 | ||
Utah Charter School Finance Authority Freedom Academy Foundation144A | 5.25 | 6-15-2037 | 3,000,000 | 2,955,614 | ||
Utah Charter School Finance Authority Freedom Academy Foundation144A | 5.38 | 6-15-2048 | 1,500,000 | 1,400,241 | ||
Utah Charter School Finance Authority Summit Academy, Inc. Series A | 5.00 | 4-15-2039 | 1,550,000 | 1,610,026 | ||
Utah Charter School Finance Authority Wallace Stegner Academy Series A144A | 3.63 | 6-15-2029 | 300,000 | 286,878 | ||
Utah Charter School Finance Authority Wallace Stegner Academy Series A144A | 5.00 | 6-15-2039 | 675,000 | 667,215 | ||
7,153,045 | ||||||
Health revenue: 0.38% | ||||||
County of Utah Intermountain Healthcare Obligated Group Series A | 4.00 | 5-15-2045 | 3,000,000 | 2,922,868 | ||
Housing revenue: 0.15% | ||||||
Utah Housing Corp. Series C (GNMA / FNMA / FHLMC Insured) | 6.00 | 7-1-2054 | 1,000,000 | 1,095,362 | ||
14,923,746 | ||||||
Virginia: 0.09% | ||||||
Health revenue: 0.03% | ||||||
Roanoke County EDA Friendship Foundationøø | 5.50 | 9-1-2058 | 230,000 | 228,090 | ||
Transportation revenue: 0.06% | ||||||
Virginia Small Business Financing Authority 95 Express Lanes LLC AMT | 4.00 | 1-1-2040 | 500,000 | 480,378 | ||
708,468 | ||||||
Washington: 4.08% | ||||||
Airport revenue: 1.17% | ||||||
Port of Seattle AMT | 4.00 | 4-1-2044 | 3,500,000 | 3,271,919 | ||
Port of Seattle AMT | 5.00 | 4-1-2044 | 3,000,000 | 3,068,605 |
Interest rate | Maturity date | Principal | Value | |||
Airport revenue(continued) | ||||||
Port of Seattle Series B AMT | 5.00 % | 8-1-2047 | $ | 1,000,000 | $1,037,193 | |
Port of Seattle Series C AMT | 5.00 | 8-1-2046 | 1,500,000 | 1,569,767 | ||
8,947,484 | ||||||
GO revenue: 1.28% | ||||||
Grant County Public Hospital District No. 2 | 5.00 | 12-1-2038 | 1,500,000 | 1,536,939 | ||
King County Public Hospital District No. 1 | 5.00 | 12-1-2035 | 5,500,000 | 5,604,340 | ||
King County Public Hospital District No. 1 | 5.00 | 12-1-2036 | 475,000 | 482,918 | ||
Port of Seattle Series B AMT%% | 5.00 | 6-1-2049 | 2,000,000 | 2,121,573 | ||
9,745,770 | ||||||
Health revenue: 1.63% | ||||||
Jefferson County Public Hospital District No. 2 Series A | 6.63 | 12-1-2043 | 2,250,000 | 2,289,335 | ||
Skagit County Public Hospital District No. 1 City of Shreveport Water & Sewer Revenue | 5.50 | 12-1-2039 | 1,000,000 | 1,088,067 | ||
Skagit County Public Hospital District No. 1 City of Shreveport Water & Sewer Revenue | 5.50 | 12-1-2043 | 1,000,000 | 1,070,940 | ||
Skagit County Public Hospital District No. 1 City of Shreveport Water & Sewer Revenue | 5.50 | 12-1-2044 | 1,000,000 | 1,068,907 | ||
Washington Health Care Facilities Authority CommonSpirit Health Obligated Group Series B-2 (SIFMA Municipal Swap+1.40%)± | 5.28 | 1-1-2035 | 2,000,000 | 2,000,815 | ||
Washington Health Care Facilities Authority Fred Hutchinson Cancer Center | 5.00 | 1-1-2029 | 1,300,000 | 1,318,410 | ||
Washington Health Care Facilities Authority Fred Hutchinson Cancer Center Obligated Group | 5.00 | 9-1-2036 | 365,000 | 392,479 | ||
Washington Health Care Facilities Authority Fred Hutchinson Cancer Center Obligated Group | 5.00 | 9-1-2037 | 670,000 | 718,018 | ||
Washington Health Care Facilities Authority Seattle Children’s Hospital Obligated Group Series A | 4.00 | 10-1-2045 | 2,500,000 | 2,440,953 | ||
12,387,924 | ||||||
31,081,178 | ||||||
West Virginia: 0.20% | ||||||
Housing revenue: 0.20% | ||||||
West Virginia Housing Development Fund Warrens CDA Series A | 4.40 | 11-1-2044 | 1,500,000 | 1,507,558 | ||
Wisconsin: 5.53% | ||||||
Airport revenue: 0.34% | ||||||
PFA Transportation Infrastructure Purpose Obligated Group Series C | 5.00 | 7-1-2042 | 2,585,000 | 2,585,187 | ||
Education revenue: 1.99% | ||||||
PFA Carolina International School Series A144A | 7.20 | 8-1-2048 | 1,000,000 | 1,000,822 | ||
PFA Contemporary Science Center, Inc. Series A144A | 4.38 | 7-1-2025 | 80,000 | 79,970 | ||
PFA Contemporary Science Center, Inc. Series A144A | 5.38 | 7-1-2035 | 1,730,000 | 1,740,747 | ||
PFA Contemporary Science Center, Inc. Series A144A | 5.63 | 7-1-2045 | 1,790,000 | 1,802,689 | ||
PFA Estancia Valley Classical Academy Series A144A | 4.00 | 7-1-2041 | 3,895,000 | 3,143,537 | ||
PFA Founders Academy of Las Vegas Series A144A | 6.38 | 7-1-2043 | 300,000 | 313,489 | ||
PFA Founders Academy of Las Vegas Series A144A | 6.63 | 7-1-2053 | 600,000 | 627,448 |
Interest rate | Maturity date | Principal | Value | |||
Education revenue(continued) | ||||||
PFA Pine Lake Preparatory, Inc.144A | 4.95 % | 3-1-2030 | $ | 1,370,000 | $1,374,272 | |
PFA University of Kansas | 5.00 | 3-1-2046 | 5,000,000 | 5,068,981 | ||
15,151,955 | ||||||
Health revenue: 1.10% | ||||||
Wisconsin HEFA Ascension Health Credit Group Series A | 4.00 | 11-15-2046 | 980,000 | 927,261 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group Series A | 5.00 | 12-1-2037 | 500,000 | 543,155 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group Series A | 5.00 | 12-1-2038 | 685,000 | 739,562 | ||
Wisconsin HEFA Bellin Memorial Hospital Obligated Group Series B | 5.25 | 12-1-2048 | 1,000,000 | 1,043,694 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series A (AGM Insured) | 4.00 | 2-15-2034 | 700,000 | 696,627 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series A (AGM Insured) | 4.00 | 2-15-2035 | 500,000 | 497,137 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series A (AGM Insured) | 4.00 | 2-15-2036 | 600,000 | 594,059 | ||
Wisconsin HEFA Marshfield Clinic Health System Obligated Group Series A (AGM Insured) | 4.00 | 2-15-2037 | 550,000 | 541,303 | ||
Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group Series A | 5.00 | 7-1-2044 | 1,050,000 | 1,066,556 | ||
Wisconsin HEFA Rogers Memorial Hospital, Inc. Obligated Group Series B | 5.00 | 7-1-2038 | 750,000 | 765,789 | ||
Wisconsin HEFA St. John’s Communities, Inc. Obligated Group Series B | 4.00 | 9-15-2036 | 525,000 | 500,050 | ||
Wisconsin HEFA St. John’s Communities, Inc. Obligated Group Series B | 4.00 | 9-15-2041 | 510,000 | 458,674 | ||
8,373,867 | ||||||
Housing revenue: 0.31% | ||||||
PFA City of Boynton Beach | 5.00 | 7-1-2041 | 2,280,000 | 2,347,931 | ||
Industrial development revenue: 0.42% | ||||||
PFA Customer Facility Charge-SA LLC Series B144A | 5.50 | 2-1-2042 | 1,500,000 | 1,537,906 | ||
PFA Foundation of The University of North Carolina at Charlotte, Inc. Series A144A | 4.00 | 9-1-2041 | 2,000,000 | 1,659,654 | ||
3,197,560 | ||||||
Miscellaneous revenue: 0.37% | ||||||
Wisconsin Center District Series D CAB (AGM Insured)¤ | 0.00 | 12-15-2045 | 5,000,000 | 1,808,770 | ||
Wisconsin HEFA Forensic Science & Protective Medicine Collaboration, Inc.144A | 5.00 | 8-1-2027 | 1,000,000 | 1,018,323 | ||
2,827,093 | ||||||
Tax revenue: 1.00% | ||||||
Village of Mount Pleasant Tax Increment District No. 5 Series A | 5.00 | 4-1-2043 | 5,000,000 | 5,180,960 |
Interest rate | Maturity date | Principal | Value | |||
Tax revenue(continued) | ||||||
Village of Mount Pleasant Tax Increment District No. 5 Series A | 5.00 % | 4-1-2048 | $ | 2,090,000 | $2,132,435 | |
Village of Mount Pleasant Tax Increment District No. 5 Series A (BAM Insured) | 5.00 | 4-1-2048 | 330,000 | 337,846 | ||
7,651,241 | ||||||
42,134,834 | ||||||
Total municipal obligations (Cost $780,574,509) | 762,689,838 |
Yield | Shares | |||||
Short-term investments: 0.05% | ||||||
Investment companies: 0.05% | ||||||
Allspring Government Money Market Fund Select Class♠∞## | 5.25 | 388,117 | 388,117 | |||
Total short-term investments (Cost $388,117) | 388,117 | |||||
Total investments in securities (Cost $780,962,626) | 100.08 % | 763,077,955 | ||||
Other assets and liabilities, net | (0.08 ) | (572,949 ) | ||||
Total net assets | 100.00 % | $762,505,006 |
øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of 1933. |
¤ | The security is issued in zero coupon form with no periodic interest payments. |
%% | The security is purchased on a when-issued basis. |
ø | Variable rate demand notes are subject to a demand feature which reduces the effective maturity. The maturity date shown represents the final maturity date of the security. The interest rate is determined and reset by the issuer daily, weekly, or monthly depending upon the terms of the security. The rate shown is the rate in effect at period end. |
## | All or a portion of this security is segregated as collateral for when-issued securities. |
† | Non-income-earning security |
♦ | The security is fair valued in accordance with procedures approved by the Board of Trustees. |
‡ | Security is valued using significant unobservable inputs. |
± | Variable rate investment. The rate shown is the rate in effect at period end. |
♠ | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
∞ | The rate represents the 7-day annualized yield at period end. |
Abbreviations: | |
AGM | Assured Guaranty Municipal |
Ambac | Ambac Financial Group Incorporated |
AMT | Alternative minimum tax |
BAM | Build America Mutual Assurance Company |
BAN | Bond anticipation note |
CAB | Capital appreciation bond |
CDA | Community Development Authority |
CHF | Collegiate Housing Foundation |
COP | Certificate of participation |
ECFA | Educational & Cultural Facilities Authority |
EDA | Economic Development Authority |
EDFA | Economic Development Finance Authority |
FHLMC | Federal Home Loan Mortgage Corporation |
FNMA | Federal National Mortgage Association |
GNMA | Government National Mortgage Association |
GO | General obligation |
HEFA | Health & Educational Facilities Authority |
HFA | Housing Finance Authority |
HFFA | Health Facilities Financing Authority |
IDA | Industrial Development Authority |
LIQ | Liquidity agreement |
LOC | Letter of credit |
NPFGC | National Public Finance Guarantee Corporation |
NTO | New Terminal One |
PFA | Public Finance Authority |
RDA | Redevelopment Authority |
SIFMA | Securities Industry and Financial Markets Association |
TTFA | Transportation Trust Fund Authority |
Value, beginning of period | Purchases | Sales proceeds | Net realized gains (losses) | Net change in unrealized gains (losses) | Value, end of period | Shares, end of period | Income from affiliated securities | |
Short-term investments | ||||||||
Allspring Government Money Market Fund Select Class | $0 | $72,050,350 | $(71,662,233 ) | $0 | $0 | $388,117 | 388,117 | $45,821 |
Investments in affiliates no longer held at end of period | ||||||||
Allspring Municipal Cash Management Money Market Fund Institutional Class | 1,512,415 | 30,798,860 | (32,311,275 ) | 0 | 0 | 0 | 0 | 15,025 |
$0 | $0 | $388,117 | $60,846 |
Assets | |
Investments in unaffiliated securities, at value (cost $780,574,509) | $762,689,838 |
Investments in affiliated securities, at value (cost $388,117) | 388,117 |
Cash | 118 |
Receivable for interest | 9,793,402 |
Receivable for investments sold | 505,001 |
Receivable from manager | 10,479 |
Prepaid expenses and other assets | 219,538 |
Total assets | 773,606,493 |
Liabilities | |
Payable for when-issued transactions | 7,782,738 |
Dividends payable | 2,510,831 |
Payable for Fund shares redeemed | 800,254 |
Accrued expenses and other liabilities | 7,664 |
Total liabilities | 11,101,487 |
Total net assets | $762,505,006 |
Net assets consist of | |
Paid-in capital | $810,726,359 |
Total distributable loss | (48,221,353 ) |
Total net assets | $762,505,006 |
Computation of net asset value per share | |
Net assets | $762,505,006 |
Shares outstanding1 | 67,851,145 |
Net asset value per share | $11.24 |
Investment income | |
Interest | $14,492,434 |
Income from affiliated securities | 60,846 |
Total investment income | 14,553,280 |
Expenses | |
Custody and accounting fees | 9,916 |
Professional fees | 5,166 |
Registration fees | 21,222 |
Shareholder report expenses | 7,160 |
Trustees’ fees and expenses | 13,214 |
Other fees and expenses | 15,010 |
Total expenses | 71,688 |
Less: Fee waivers and/or expense reimbursements | (71,688 ) |
Net expenses | 0 |
Net investment income | 14,553,280 |
Realized and unrealized gains (losses) on investments | |
Net realized losses on | |
Unaffiliated securities | (37,396 ) |
Futures contracts | (31,773 ) |
Net realized losses on investments | (69,169 ) |
Net change in unrealized gains (losses) on investments | (2,713,699 ) |
Net realized and unrealized gains (losses) on investments | (2,782,868 ) |
Net increase in net assets resulting from operations | $11,770,412 |
Six months ended June 30, 2024 (unaudited) | Year ended December 31, 2023 | |||
Operations | ||||
Net investment income | $14,553,280 | $27,581,926 | ||
Net realized losses on investments | (69,169 ) | (8,007,925 ) | ||
Net change in unrealized gains (losses) on investments | (2,713,699 ) | 23,294,665 | ||
Net increase in net assets resulting from operations | 11,770,412 | 42,868,666 | ||
Distributions to shareholders from | ||||
Net investment income and net realized gains | (14,705,765 ) | (27,664,395 ) | ||
Capital share transactions | Shares | Shares | ||
Proceeds from shares sold | 16,928,978 | 190,271,114 | 20,281,166 | 224,175,490 |
Reinvestment of distributions | 0 | 0 | 49 | 546 |
Payment for shares redeemed | (7,172,527 ) | (80,557,633 ) | (25,440,649 ) | (278,805,914 ) |
Net increase (decrease) in net assets resulting from capital share transactions | 109,713,481 | (54,629,878 ) | ||
Total increase (decrease) in net assets | 106,778,128 | (39,425,607 ) | ||
Net assets | ||||
Beginning of period | 655,726,878 | 695,152,485 | ||
End of period | $762,505,006 | $655,726,878 |
Six months ended June 30, 2024 (unaudited) | Year ended December 31 | |||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net asset value, beginning of period | $11.29 | $10.99 | $12.42 | $12.47 | $12.36 | $11.79 |
Net investment income | 0.22 1 | 0.42 1 | 0.39 | 0.39 | 0.40 | 0.41 |
Net realized and unrealized gains (losses) on investments | (0.05 ) | 0.30 | (1.43 ) | (0.05 ) | 0.11 | 0.57 |
Total from investment operations | 0.17 | 0.72 | (1.04 ) | 0.34 | 0.51 | 0.98 |
Distributions to shareholders from | ||||||
Net investment income | (0.22 ) | (0.42 ) | (0.39 ) | (0.39 ) | (0.40 ) | (0.41 ) |
Net asset value, end of period | $11.24 | $11.29 | $10.99 | $12.42 | $12.47 | $12.36 |
Total return2 | 1.56 % | 6.74 % | (8.37 )% | 2.73 % | 4.19 % | 8.42 % |
Ratios to average net assets (annualized) | ||||||
Gross expenses | 0.02 % | 0.03 % | 0.03 % | 0.02 % | 0.03 % | 0.02 % |
Net expenses | 0.00 %3 | 0.00 %3 | 0.00 %3 | 0.00 %3 | 0.00 %3 | 0.00 %3 |
Net investment income | 3.97 % | 3.82 % | 3.47 % | 3.10 % | 3.23 % | 3.37 % |
Supplemental data | ||||||
Portfolio turnover rate | 3 % | 20 % | 14 % | 9 % | 19 % | 7 % |
Net assets, end of period (000s omitted) | $762,505 | $655,727 | $695,152 | $888,728 | $868,571 | $858,102 |
1 | Calculated based upon average shares outstanding |
2 | Returns include adjustments required by U.S. GAAP and may differ from net asset values and performance reported elsewhere. Returns for periods of less than one year are not annualized. |
3 | The manager has contractually committed to irrevocably absorb and pay or reimburse all ordinary operating expenses of the Fund, except portfolio transactions or other investment-related costs (e.g., commissions), fees payable for services provided by the Fund’s securities lending agent (if any), interest, taxes, leverage expenses, and other expenses not incurred in the ordinary course of the Fund’s business. This commitment has an indefinite term. |
Gross unrealized gains | $5,900,332 |
Gross unrealized losses | (24,072,543 ) |
Net unrealized losses | $(18,172,211 ) |
Quoted prices (Level 1) | Other significant observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total | |
Assets | ||||
Investments in: | ||||
Municipal obligations | $0 | $762,614,838 | $75,000 | $762,689,838 |
Short-term investments | ||||
Investment companies | 388,117 | 0 | 0 | 388,117 |
Total assets | $388,117 | $762,614,838 | $75,000 | $763,077,955 |
Attn: Managed Account Services
P.O. Box 1450
Milwaukee, WI 53201
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES
Changes in and Disagreements with Accountants for Open-End Management Investment Companies are included as part of the Financial Statements filed under Item 7(a) of this Form.
ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES
Proxy Disclosures for Open-End Management Investment Companies are included as part of the Financial Statements filed under Item 7(a) of this Form.
ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES
Renumeration Paid to Directors, Officers, and Others of Open-End Investment Companies is included as part of the Financial Statements filed under Item 7(a) of this Form.
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ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT
The registrant’s Statement Regarding Basis for Approval of Investment Advisory Contract is included as part of the Financial Statements filed under Item 7(a) of this Form.
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. PURCHASES 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 have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees that have been implemented since the registrant’s last provided disclosure in response to the requirements of this Item.
ITEM 16. CONTROLS AND PROCEDURES
(a) The President and Treasurer have concluded that the Allspring Funds Trust disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) provide reasonable assurances that material information relating to the registrant 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 of this report.
(b) There were no significant changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
ITEM 17. DISCLOSURES OF SECURITIES LENDING ACTIVITES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES
Not applicable.
ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION
Not applicable.
5
ITEM 19. EXHIBITS
(a)(1) | Not applicable. | |
(a)(2) | Not applicable. | |
(a)(3) | Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2022. | |
(a)(4) | Not applicable. | |
(a)(5) | Not applicable. | |
(b) | Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2022. | |
(101) | Inline Interactive Data File - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the inline XBRL document. |
6
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.
Allspring Funds Trust | ||
By: | /s/ Andrew Owen | |
Andrew Owen | ||
President | ||
Date: August 23, 2024 |
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 date indicated.
Allspring Funds Trust | ||
By: | /s/ Andrew Owen | |
Andrew Owen | ||
President | ||
Date: August 23, 2024 | ||
By: | /s/Jeremy DePalma | |
Jeremy DePalma | ||
Treasurer | ||
Date: August 23, 2024 |