American Century Investments®
Quarterly Portfolio Holdings
Avantis® Core Municipal Fixed Income ETF (AVMU)
May 28, 2021
Avantis Core Municipal Fixed Income ETF - Schedule of Investments | ||
MAY 28, 2021 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
MUNICIPAL SECURITIES — 98.8% | ||||||||
Alabama — 2.5% | ||||||||
Alabama Federal Aid Highway Finance Authority Rev., 5.00%, 9/1/24 | 100,000 | 115,162 | ||||||
Alabama Federal Aid Highway Finance Authority Rev., 4.00%, 6/1/37 | 50,000 | 58,887 | ||||||
Alabama Public School and College Authority Rev., 5.00%, 11/1/37 | 200,000 | 266,079 | ||||||
Alabama Public School and College Authority Rev., 4.00%, 11/1/40 | 200,000 | 244,417 | ||||||
684,545 | ||||||||
Arizona — 2.5% | ||||||||
Arizona Transportation Board Rev., 5.00%, 7/1/24 | 50,000 | 57,213 | ||||||
Phoenix GO, 5.00%, 7/1/25 | 85,000 | 100,739 | ||||||
Pima County Sewer System Rev., 5.00%, 7/1/24 | 25,000 | 28,607 | ||||||
Pima County Sewer System Rev., 5.00%, 7/1/25 | 35,000 | 41,403 | ||||||
Salt River Project Agricultural Improvement & Power District Rev., 5.00%, 1/1/31 | 30,000 | 36,742 | ||||||
Salt River Project Agricultural Improvement & Power District Rev., 5.00%, 1/1/31 | 60,000 | 75,613 | ||||||
Salt River Project Agricultural Improvement & Power District Rev., 5.00%, 1/1/39 | 65,000 | 80,518 | ||||||
Scottsdale Municipal Property Corp. Rev., 5.00%, 7/1/30 | 50,000 | 64,321 | ||||||
State of Arizona COP, 5.00%, 10/1/25 | 125,000 | 149,335 | ||||||
State of Arizona COP, 5.00%, 10/1/29 | 10,000 | 13,183 | ||||||
State of Arizona Lottery Rev., 5.00%, 7/1/29 | 30,000 | 39,350 | ||||||
687,024 | ||||||||
California — 16.9% | ||||||||
California State Public Works Board Rev., 5.00%, 11/1/29 | 25,000 | 27,805 | ||||||
California State Public Works Board Rev., (State of California Department of General Services), 5.00%, 5/1/25 | 40,000 | 47,173 | ||||||
California State University Rev., 5.00%, 11/1/26 | 25,000 | 29,986 | ||||||
California State University Rev., 5.00%, 11/1/36 | 200,000 | 241,081 | ||||||
Chino Basin Regional Financing Authority Rev., (Inland Empire Utilities Agency), 4.00%, 11/1/25 | 25,000 | 28,664 | ||||||
Coast Community College District GO, 5.00%, 8/15/25, Prerefunded at 100% of Par(1) | 75,000 | 89,502 | ||||||
Coast Community College District GO, Capital Appreciation, 0.00%, 8/1/27 (AGM)(2) | 50,000 | 47,017 | ||||||
East Bay Municipal Utility District Water System Rev., 5.00%, 6/1/30 | 135,000 | 159,189 | ||||||
East Bay Municipal Utility District Water System Rev., 5.00%, 6/1/33 | 30,000 | 37,397 | ||||||
East Bay Municipal Utility District Water System Rev., 5.00%, 6/1/35 | 30,000 | 37,273 | ||||||
Los Angeles Community College District GO, 5.00%, 8/1/23 | 25,000 | 27,628 | ||||||
Los Angeles Community College District GO, 5.00%, 8/1/24, Prerefunded at 100% of Par(1) | 90,000 | 103,587 | ||||||
Los Angeles County Metropolitan Transportation Authority Rev., 5.00%, 7/1/37 | 60,000 | 74,744 | ||||||
Los Angeles Department of Airports Rev., 4.00%, 5/15/39 | 10,000 | 12,072 | ||||||
Los Angeles Department of Airports Rev., 5.00%, 5/15/39 | 200,000 | 258,194 | ||||||
Los Angeles Department of Airports Rev., 4.00%, 5/15/40 | 75,000 | 90,373 | ||||||
Los Angeles Department of Airports Rev., 5.00%, 5/15/40 | 40,000 | 51,551 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/24 | 25,000 | 28,640 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/24 | 45,000 | 48,446 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/25 | 25,000 | 29,621 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/27 | 50,000 | 57,213 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/34 | 50,000 | 57,769 | ||||||
Los Angeles Department of Water & Power System Rev., 5.00%, 7/1/40 | 75,000 | 98,664 | ||||||
Los Angeles Unified School District GO, 3.00%, 7/1/35 | 45,000 | 50,431 | ||||||
Los Angeles Unified School District GO, 3.00%, 7/1/45 | 150,000 | 162,111 | ||||||
Municipal Improvement Corp. of Los Angeles Rev., (Los Angeles), 5.00%, 11/1/24 | 80,000 | 92,627 | ||||||
Municipal Improvement Corp. of Los Angeles Rev., (Los Angeles), 5.00%, 11/1/31 | 60,000 | 72,959 | ||||||
Oakland Unified School District / Alameda County GO, 5.00%, 8/1/26 (AGM) | 120,000 | 141,984 | ||||||
Perris Union High School District GO, 4.00%, 9/1/43 (AGM) | 50,000 | 59,039 |
Riverside County Public Financing Authority Rev., (Riverside County), 4.125%, 11/1/40 | 10,000 | 11,042 | ||||||
Sacramento City Financing Authority Rev., (Sacramento), 5.25%, 12/1/30 (Ambac) | 100,000 | 130,326 | ||||||
Sacramento Municipal Utility District Rev., 5.00%, 8/15/23 | 25,000 | 27,655 | ||||||
Sacramento Municipal Utility District Rev., 5.00%, 8/15/39 | 50,000 | 64,562 | ||||||
San Diego Community College District GO, 5.00%, 8/1/28 | 30,000 | 36,849 | ||||||
San Diego Community College District GO, 5.00%, 8/1/29 | 30,000 | 36,712 | ||||||
San Diego Public Facilities Financing Authority Rev., (San Diego Sewer Utility Rev.), 5.00%, 5/15/29 | 35,000 | 42,599 | ||||||
San Diego Unified School District GO, 5.00%, 7/1/26 | 75,000 | 88,854 | ||||||
San Diego Unified School District GO, 5.25%, 7/1/28 (AGM) | 35,000 | 45,868 | ||||||
San Diego Unified School District GO, Capital Appreciation, 0.00%, 7/1/30(2) | 40,000 | 35,192 | ||||||
San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/32 | 20,000 | 25,779 | ||||||
San Francisco City & County Airport Comm-San Francisco International Airport Rev., 5.00%, 5/1/35 | 40,000 | 51,187 | ||||||
San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/24 | 25,000 | 28,965 | ||||||
San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/34 | 25,000 | 30,459 | ||||||
San Francisco Public Utilities Commission Water Rev., 4.00%, 11/1/35 | 10,000 | 11,205 | ||||||
San Francisco Public Utilities Commission Water Rev., 5.00%, 11/1/36 | 35,000 | 40,668 | ||||||
San Jose Financing Authority Rev., (San Jose), 5.00%, 6/1/23, Prerefunded at 100% of Par(1) | 45,000 | 49,360 | ||||||
State of California GO, 5.00%, 9/1/26 | 30,000 | 36,994 | ||||||
State of California GO, 5.00%, 8/1/28 | 5,000 | 6,278 | ||||||
State of California GO, 5.00%, 4/1/30 | 5,000 | 6,675 | ||||||
State of California GO, 5.00%, 4/1/30 | 20,000 | 26,095 | ||||||
State of California GO, 5.00%, 10/1/31 | 15,000 | 19,778 | ||||||
State of California GO, 5.25%, 8/1/32 (AGM) | 230,000 | 324,606 | ||||||
State of California GO, 4.00%, 9/1/33 | 60,000 | 69,768 | ||||||
State of California GO, 5.00%, 3/1/35 | 70,000 | 91,957 | ||||||
State of California GO, 3.00%, 10/1/35 | 250,000 | 281,181 | ||||||
State of California GO, 4.00%, 3/1/36 | 145,000 | 177,224 | ||||||
State of California GO, 4.00%, 11/1/36 | 50,000 | 61,779 | ||||||
State of California GO, 3.00%, 10/1/37 | 90,000 | 99,617 | ||||||
State of California Department of Water Resources Rev., 5.00%, 6/1/23, Prerefunded at 100% of Par(1) | 25,000 | 27,449 | ||||||
State of California Department of Water Resources Rev., 5.00%, 12/1/24, Prerefunded at 100% of Par(1) | 145,000 | 169,188 | ||||||
University of California Rev., 5.00%, 5/15/34 | 50,000 | 63,548 | ||||||
University of California Rev., 5.00%, 5/15/36 | 65,000 | 80,664 | ||||||
University of California Rev., 5.00%, 5/15/38 | 30,000 | 37,872 | ||||||
University of California Rev., 5.00%, 5/15/38 | 30,000 | 39,432 | ||||||
4,640,127 | ||||||||
Colorado — 2.9% | ||||||||
City & County of Denver GO, 5.00%, 8/1/30 | 325,000 | 439,557 | ||||||
City & County of Denver Airport System Rev., 5.00%, 11/15/23 | 50,000 | 55,838 | ||||||
City & County of Denver Airport System Rev., 5.00%, 11/15/24 | 30,000 | 34,760 | ||||||
E-470 Public Highway Authority Rev., Capital Appreciation, 0.00%, 9/1/24 (NATL)(2) | 55,000 | 53,829 | ||||||
E-470 Public Highway Authority Rev., Capital Appreciation, 0.00%, 9/1/30 (NATL)(2) | 80,000 | 68,561 | ||||||
Regional Transportation District Sales Tax Rev., 5.00%, 11/1/28 | 30,000 | 38,927 | ||||||
State of Colorado COP, 5.00%, 12/15/32 | 50,000 | 66,948 | ||||||
State of Colorado COP, 4.00%, 12/15/37 | 40,000 | 48,935 | ||||||
807,355 | ||||||||
Connecticut — 2.2% | ||||||||
Connecticut State Health & Educational Facilities Authority Rev., (Quinnipiac University), 4.125%, 7/1/41 | 75,000 | 82,019 | ||||||
State of Connecticut GO, 5.00%, 10/15/22 | 25,000 | 26,673 | ||||||
State of Connecticut GO, 5.00%, 5/15/24 | 30,000 | 34,183 | ||||||
State of Connecticut GO, 5.00%, 4/15/25 | 25,000 | 29,428 | ||||||
State of Connecticut GO, 5.00%, 1/15/26 | 35,000 | 42,191 | ||||||
State of Connecticut GO, 5.00%, 11/15/31 | 30,000 | 35,633 | ||||||
State of Connecticut GO, 3.00%, 1/15/32 | 20,000 | 22,802 | ||||||
State of Connecticut Special Tax Rev., 5.00%, 8/1/31 | 25,000 | 29,305 |
State of Connecticut Special Tax Rev., 5.00%, 5/1/37 | 75,000 | 97,556 | ||||||
State of Connecticut Special Tax Rev., 3.125%, 5/1/40 | 75,000 | 82,183 | ||||||
University of Connecticut Rev., 4.00%, 4/15/38 | 95,000 | 109,839 | ||||||
591,812 | ||||||||
District of Columbia — 4.2% | ||||||||
District of Columbia GO, 5.00%, 6/1/28 | 35,000 | 38,247 | ||||||
District of Columbia GO, 5.00%, 10/15/30 | 100,000 | 130,610 | ||||||
District of Columbia GO, 5.00%, 6/1/31 | 40,000 | 45,372 | ||||||
District of Columbia GO, 5.00%, 6/1/33 | 60,000 | 67,923 | ||||||
District of Columbia Rev., (District of Columbia Income Tax Rev.), 4.00%, 3/1/37 | 360,000 | 433,509 | ||||||
District of Columbia Rev., (Georgetown University), 5.00%, 4/1/32 | 10,000 | 11,896 | ||||||
District of Columbia Rev., (Georgetown University), 5.00%, 4/1/33 | 25,000 | 29,673 | ||||||
District of Columbia Rev., (Georgetown University), 5.00%, 4/1/34 | 100,000 | 118,445 | ||||||
District of Columbia Rev., (Income Tax Revenue), 5.00%, 3/1/38 | 100,000 | 130,434 | ||||||
Washington Metropolitan Area Transit Authority Rev., 5.00%, 7/1/37 | 25,000 | 30,513 | ||||||
Washington Metropolitan Area Transit Authority Rev., 5.00%, 7/15/37 | 85,000 | 111,480 | ||||||
1,148,102 | ||||||||
Florida — 4.9% | ||||||||
Broward County Airport System Rev., 5.00%, 10/1/22, Prerefunded at 100% of Par(1) | 50,000 | 53,264 | ||||||
Central Florida Expressway Authority Rev., 4.00%, 7/1/31 | 10,000 | 11,523 | ||||||
Central Florida Expressway Authority Rev., 3.25%, 7/1/36 | 20,000 | 21,537 | ||||||
Central Florida Expressway Authority Rev., 4.00%, 7/1/37 | 95,000 | 107,494 | ||||||
Hillsborough County School Board COP, 5.00%, 7/1/22, Prerefunded at 100% of Par(1) | 30,000 | 31,590 | ||||||
Hillsborough County School Board COP, 5.00%, 7/1/26 | 105,000 | 123,788 | ||||||
Miami-Dade County GO, 4.00%, 7/1/33 | 50,000 | 55,219 | ||||||
Miami-Dade County Water & Sewer System Rev., 5.00%, 10/1/23, Prerefunded at 100% of Par(1) | 80,000 | 89,063 | ||||||
Miami-Dade County Water & Sewer System Rev., 5.00%, 10/1/23 | 10,000 | 11,103 | ||||||
Miami-Dade County Water & Sewer System Rev., 5.00%, 10/1/24 | 50,000 | 57,648 | ||||||
Miami-Dade County Water & Sewer System Rev., 3.125%, 10/1/39 | 25,000 | 27,388 | ||||||
Orange County Convention Center/Orlando Rev., 5.00%, 10/1/24 | 80,000 | 91,949 | ||||||
Orange County School Board COP, 5.00%, 8/1/34 | 90,000 | 108,354 | ||||||
Palm Beach County School District COP, 5.00%, 8/1/29 | 130,000 | 165,676 | ||||||
School Board of Miami-Dade County COP, 5.00%, 2/1/25 | 60,000 | 69,725 | ||||||
School Board of Miami-Dade County COP, 5.00%, 2/1/27 | 80,000 | 95,757 | ||||||
School Board of Miami-Dade County COP, 5.00%, 5/1/30 | 60,000 | 69,642 | ||||||
School District of Broward County COP, 5.00%, 7/1/22 | 25,000 | 26,326 | ||||||
School District of Broward County COP, 5.00%, 7/1/32 | 25,000 | 32,889 | ||||||
State of Florida Department of Transportation Turnpike System Rev., 2.875%, 7/1/25 | 40,000 | 41,071 | ||||||
Tampa Bay Water Rev., 5.50%, 10/1/24 (NATL) | 55,000 | 64,382 | ||||||
1,355,388 | ||||||||
Georgia — 3.9% | ||||||||
Atlanta Department of Aviation Rev., 5.00%, 7/1/27 | 10,000 | 12,555 | ||||||
Atlanta Water & Wastewater Rev., 5.75%, 11/1/30 (AGM) | 10,000 | 14,196 | ||||||
Atlanta Water & Wastewater Rev., 5.00%, 11/1/40 | 15,000 | 17,470 | ||||||
DeKalb County Water & Sewerage Rev., 5.25%, 10/1/32 (AGM) | 75,000 | 92,938 | ||||||
Georgia State Road & Tollway Authority Rev., 5.00%, 6/1/30 | 80,000 | 106,897 | ||||||
Metropolitan Atlanta Rapid Transit Authority Rev., 5.00%, 7/1/33 | 80,000 | 97,022 | ||||||
Metropolitan Atlanta Rapid Transit Authority Rev., 3.25%, 7/1/37 | 45,000 | 49,518 | ||||||
Metropolitan Atlanta Rapid Transit Authority Rev., 3.25%, 7/1/39 | 260,000 | 284,290 | ||||||
Private Colleges & Universities Authority Rev., (Emory University), 5.00%, 9/1/29 | 20,000 | 26,378 | ||||||
Private Colleges & Universities Authority Rev., (Emory University), 4.00%, 9/1/38 | 250,000 | 304,186 | ||||||
Private Colleges & Universities Authority Rev., (Emory University), 4.00%, 9/1/39 | 50,000 | 60,689 | ||||||
1,066,139 | ||||||||
Hawaii — 1.8% | ||||||||
City & County Honolulu Wastewater System Rev., 3.00%, 7/1/41 | 90,000 | 95,271 |
City & County of Honolulu GO, 5.00%, 3/1/25 | 45,000 | 52,768 | ||||||
City & County of Honolulu GO, 5.00%, 9/1/30 | 185,000 | 236,670 | ||||||
City & County of Honolulu GO, 5.00%, 3/1/31 | 45,000 | 59,614 | ||||||
State of Hawaii GO, 5.00%, 1/1/36 | 35,000 | 43,498 | ||||||
State of Hawaii GO, 4.00%, 5/1/36 | 10,000 | 11,520 | ||||||
499,341 | ||||||||
Illinois — 3.7% | ||||||||
Chicago O'Hare International Airport Rev., 5.25%, 1/1/29 | 5,000 | 5,385 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/30 | 20,000 | 23,107 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/32 | 5,000 | 5,777 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/32 | 25,000 | 29,684 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/34 | 25,000 | 29,655 | ||||||
Chicago O'Hare International Airport Rev., 5.00%, 1/1/35 | 90,000 | 110,170 | ||||||
Cook County Sales Tax Rev., 4.00%, 11/15/40 | 105,000 | 125,529 | ||||||
Illinois Finance Authority Rev., (DePaul University), 4.00%, 10/1/40 | 25,000 | 28,159 | ||||||
Illinois Finance Authority Rev., (State of Illinois Water Revolving Fund - Clean Water Program), 4.00%, 7/1/38 | 90,000 | 110,303 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/28 | 20,000 | 25,285 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/30 | 25,000 | 32,976 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/31 | 30,000 | 39,480 | ||||||
Illinois State Toll Highway Authority Rev., 5.00%, 1/1/41 | 75,000 | 89,477 | ||||||
Metropolitan Water Reclamation District of Greater Chicago GO, 5.00%, 12/1/25 | 100,000 | 119,188 | ||||||
Sales Tax Securitization Corp. Rev., 5.50%, 1/1/32 | 10,000 | 12,944 | ||||||
Springfield Electric Rev., 4.00%, 3/1/40 (AGM) | 20,000 | 21,403 | ||||||
State of Illinois GO, 5.00%, 2/1/26 | 40,000 | 47,554 | ||||||
State of Illinois GO, 5.00%, 3/1/34 | 40,000 | 51,294 | ||||||
State of Illinois GO, 5.00%, 5/1/35 | 35,000 | 38,483 | ||||||
State of Illinois GO, 4.00%, 11/1/38 | 20,000 | 22,800 | ||||||
State of Illinois GO, 5.50%, 5/1/39 | 15,000 | 19,258 | ||||||
State of Illinois Rev., 5.00%, 6/15/26 | 15,000 | 16,216 | ||||||
1,004,127 | ||||||||
Kentucky — 0.2% | ||||||||
Kentucky State Property & Building Commission Rev., (Kentucky Finance and Administration Cabinet), 5.00%, 11/1/25 | 50,000 | 59,560 | ||||||
Louisiana — 0.5% | ||||||||
East Baton Rouge Sewerage Commission Rev., 5.00%, 2/1/25, Prerefunded at 100% of Par(1) | 35,000 | 40,948 | ||||||
State of Louisiana GO, 5.00%, 8/1/27 | 75,000 | 91,666 | ||||||
132,614 | ||||||||
Maryland — 2.0% | ||||||||
Montgomery County GO, 5.00%, 11/1/24 | 35,000 | 40,589 | ||||||
Prince County George's GO, 5.00%, 7/15/31 | 100,000 | 127,846 | ||||||
State of Maryland GO, 5.00%, 3/15/23 | 45,000 | 48,929 | ||||||
State of Maryland GO, 5.00%, 3/15/25 | 25,000 | 29,345 | ||||||
State of Maryland GO, 5.00%, 3/15/29 | 25,000 | 32,768 | ||||||
State of Maryland GO, 5.00%, 8/1/30 | 15,000 | 20,225 | ||||||
State of Maryland GO, 5.00%, 3/15/31 | 25,000 | 30,879 | ||||||
State of Maryland GO, 3.25%, 3/15/32 | 25,000 | 27,973 | ||||||
State of Maryland GO, 5.00%, 8/1/35 | 35,000 | 46,825 | ||||||
State of Maryland Department of Transportation Rev., 5.00%, 11/1/23 | 55,000 | 61,383 | ||||||
State of Maryland Department of Transportation Rev., 2.125%, 10/1/31 | 70,000 | 73,917 | ||||||
540,679 | ||||||||
Massachusetts — 4.3% | ||||||||
Massachusetts GO, 5.25%, 8/1/22 | 5,000 | 5,301 | ||||||
Massachusetts GO, 5.50%, 8/1/30 (Ambac) | 150,000 | 208,797 | ||||||
Massachusetts GO, 5.00%, 9/1/30 | 10,000 | 13,154 | ||||||
Massachusetts GO, 3.00%, 7/1/35 | 100,000 | 113,064 | ||||||
Massachusetts GO, 5.00%, 11/1/45 | 75,000 | 97,454 |
Massachusetts GO, 5.00%, 11/1/50 | 75,000 | 96,981 | ||||||
Massachusetts Development Finance Agency Rev., (Northeastern University), 5.00%, 3/1/39 | 75,000 | 84,032 | ||||||
Massachusetts Development Finance Agency Rev., (President and Fellows of Harvard College), 5.00%, 10/15/29 | 10,000 | 13,354 | ||||||
Massachusetts School Building Authority Rev., 5.00%, 11/15/33 | 25,000 | 30,499 | ||||||
Massachusetts School Building Authority Rev., 5.00%, 8/15/37 | 60,000 | 70,915 | ||||||
Massachusetts Transportation Fund Rev., 5.00%, 6/1/25 | 150,000 | 177,335 | ||||||
Massachusetts Transportation Trust Fund Metropolitan Highway System Rev., 5.00%, 1/1/33 | 155,000 | 196,461 | ||||||
Massachusetts Water Resources Authority Rev., 5.00%, 8/1/23 | 60,000 | 66,280 | ||||||
1,173,627 | ||||||||
Michigan — 0.8% | ||||||||
Michigan Finance Authority Rev., (Great Lakes Water Authority Sewage Disposal System Rev.), 5.00%, 7/1/26 (AGM) | 25,000 | 28,748 | ||||||
Michigan State Building Authority Rev., 5.00%, 4/15/30 | 30,000 | 35,743 | ||||||
Michigan State Building Authority Rev., 5.00%, 10/15/30 | 10,000 | 12,157 | ||||||
State of Michigan Rev., 5.00%, 3/15/22 | 25,000 | 25,941 | ||||||
State of Michigan Trunk Line Rev., 5.00%, 11/15/29 | 75,000 | 99,326 | ||||||
University of Michigan Rev., 5.00%, 4/1/40 | 20,000 | 23,652 | ||||||
225,567 | ||||||||
Minnesota — 1.2% | ||||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/27 | 30,000 | 36,988 | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/28 | 25,000 | 30,642 | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/30 | 20,000 | 24,472 | ||||||
Minneapolis-St. Paul Metropolitan Airports Commission Rev., 5.00%, 1/1/31 | 100,000 | 121,864 | ||||||
State of Minnesota GO, 5.00%, 8/1/23 | 105,000 | 116,063 | ||||||
330,029 | ||||||||
Mississippi — 0.1% | ||||||||
State of Mississippi GO, 5.00%, 10/1/34 | 25,000 | 31,275 | ||||||
Missouri — 0.2% | ||||||||
Missouri Joint Municipal Electric Utility Commission Rev., 5.00%, 12/1/40 | 25,000 | 29,851 | ||||||
St. Louis Airport Rev., 5.50%, 7/1/28 (NATL) | 25,000 | 32,671 | ||||||
62,522 | ||||||||
Nebraska — 0.1% | ||||||||
Omaha Public Power District Rev., 5.00%, 2/1/31 | 30,000 | 38,803 | ||||||
Nevada — 2.2% | ||||||||
Clark County Passenger Facility Charge Rev., 5.00%, 7/1/22 | 120,000 | 126,258 | ||||||
Clark County Passenger Facility Charge Rev., 5.00%, 7/1/33 | 15,000 | 19,275 | ||||||
Clark County School District GO, 5.00%, 6/15/26 | 15,000 | 17,937 | ||||||
Clark County School District GO, 5.00%, 6/15/27 | 125,000 | 149,040 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/25 | 50,000 | 60,086 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/26 | 45,000 | 54,796 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/27 | 50,000 | 60,829 | ||||||
State of Nevada Highway Improvement Rev., 5.00%, 12/1/31 | 105,000 | 129,936 | ||||||
618,157 | ||||||||
New Jersey — 4.8% | ||||||||
Garden State Preservation Trust Rev., 5.25%, 11/1/21 (AGM) | 35,000 | 35,741 | ||||||
Garden State Preservation Trust Rev., 5.75%, 11/1/28 (AGM) | 25,000 | 30,918 | ||||||
Garden State Preservation Trust Rev., Capital Appreciation, 0.00%, 11/1/28 (AGM)(2) | 5,000 | 4,433 | ||||||
Hudson County Improvement Authority Rev., (Hudson County), 4.00%, 10/1/46 | 100,000 | 119,198 | ||||||
Hudson County Improvement Authority Rev., (Hudson County), 4.00%, 10/1/51 | 150,000 | 177,668 | ||||||
New Jersey Economic Development Authority Rev., (New Jersey Transit Corp.), 4.00%, 11/1/25 | 30,000 | 34,394 | ||||||
New Jersey Economic Development Authority Rev., (New Jersey Transit Corp.), 4.00%, 11/1/27 | 25,000 | 29,610 | ||||||
New Jersey Economic Development Authority Rev., (Rutgers The State University of New Jersey), 5.00%, 6/15/23, Prerefunded at 100% of Par(1) | 100,000 | 109,813 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 4.25%, 6/15/26 | 35,000 | 39,943 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 4.375%, 6/15/27 | 25,000 | 28,483 |
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 5.50%, 6/15/29 | 20,000 | 24,667 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 5.00%, 6/15/35 | 25,000 | 28,575 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 5.00%, 6/15/36 | 20,000 | 22,843 | ||||||
New Jersey Economic Development Authority Rev., (State of New Jersey Department of the Treasury), 4.00%, 6/15/37 | 25,000 | 28,054 | ||||||
New Jersey Educational Facilities Authority Rev., (Montclair State University, Inc.), 5.00%, 7/1/39 | 20,000 | 22,408 | ||||||
New Jersey Educational Facilities Authority Rev., (State of New Jersey), 5.00%, 9/1/36 | 35,000 | 41,287 | ||||||
New Jersey Higher Education Student Assistance Authority Rev., 2.375%, 12/1/29 | 20,000 | 20,915 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 4.00%, 6/15/27 | 20,000 | 20,790 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 6/15/27 | 5,000 | 6,017 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 12/15/27 | 35,000 | 43,741 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 12/15/27 | 25,000 | 31,244 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 6/15/30 | 25,000 | 29,612 | ||||||
New Jersey Transportation Trust Fund Authority Rev., 5.00%, 6/15/38 | 20,000 | 20,997 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/31 | 15,000 | 18,558 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/31 | 20,000 | 24,743 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/32 | 10,000 | 12,338 | ||||||
New Jersey Turnpike Authority Rev., 4.00%, 1/1/34 | 25,000 | 28,959 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/34 | 25,000 | 30,238 | ||||||
New Jersey Turnpike Authority Rev., 4.00%, 1/1/35 | 20,000 | 23,059 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/35 | 10,000 | 12,258 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/36 | 10,000 | 12,236 | ||||||
New Jersey Turnpike Authority Rev., 3.25%, 1/1/38 | 30,000 | 32,241 | ||||||
New Jersey Turnpike Authority Rev., 5.00%, 1/1/40 | 15,000 | 18,213 | ||||||
State of New Jersey GO, 5.00%, 6/1/28 | 50,000 | 63,675 | ||||||
State of New Jersey GO, 4.00%, 6/1/31 | 25,000 | 31,359 | ||||||
State of New Jersey GO, 4.00%, 6/1/33 | 40,000 | 42,718 | ||||||
State of New Jersey GO, 4.00%, 6/1/34 | 20,000 | 22,168 | ||||||
1,324,114 | ||||||||
New York — 12.4% | ||||||||
Dutchess County Local Development Corp. Rev., (Vassar College), 5.00%, 7/1/42 | 20,000 | 24,373 | ||||||
Hudson Yards Infrastructure Corp. Rev., 5.00%, 2/15/28 | 25,000 | 30,959 | ||||||
Hudson Yards Infrastructure Corp. Rev., 5.00%, 2/15/32 | 20,000 | 24,462 | ||||||
Hudson Yards Infrastructure Corp. Rev., 5.00%, 2/15/37 | 160,000 | 193,599 | ||||||
Long Island Power Authority Rev., 5.00%, 9/1/33 | 55,000 | 70,460 | ||||||
Long Island Power Authority Rev., 5.00%, 9/1/38 | 100,000 | 126,832 | ||||||
Metropolitan Transportation Authority Rev., 4.00%, 11/15/36 | 40,000 | 44,617 | ||||||
Metropolitan Transportation Authority Rev., 5.00%, 11/15/44 (AGM) | 25,000 | 30,698 | ||||||
Metropolitan Transportation Authority Rev., (Metropolitan Transportation Authority Dedicated Tax Fund), 5.00%, 11/15/24 | 35,000 | 37,420 | ||||||
Metropolitan Transportation Authority Rev., (Metropolitan Transportation Authority Dedicated Tax Fund), 5.25%, 11/15/33 | 25,000 | 31,232 | ||||||
Metropolitan Transportation Authority Rev., (Metropolitan Transportation Authority Dedicated Tax Fund), 5.25%, 11/15/35 | 25,000 | 30,510 | ||||||
Nassau County GO, 5.00%, 10/1/27 | 30,000 | 37,614 | ||||||
New York City GO, 5.00%, 8/1/25 | 165,000 | 188,484 | ||||||
New York City GO, 5.00%, 8/1/26 | 25,000 | 30,650 | ||||||
New York City GO, 5.00%, 8/1/27 | 50,000 | 55,015 | ||||||
New York City GO, 5.00%, 8/1/27 | 100,000 | 125,686 | ||||||
New York City GO, 5.00%, 8/1/28 | 10,000 | 12,653 | ||||||
New York City GO, 5.00%, 8/1/28 | 60,000 | 64,655 | ||||||
New York City GO, 5.25%, 10/1/30 | 50,000 | 63,599 | ||||||
New York City GO, 5.00%, 12/1/38 | 30,000 | 37,707 | ||||||
New York City Industrial Development Agency Rev., (Yankee Stadium LLC), 4.00%, 3/1/45 (AGM) | 100,000 | 116,963 | ||||||
New York City Transitional Finance Authority Building Aid Rev., 5.00%, 7/15/29 | 25,000 | 31,236 | ||||||
New York Convention Center Development Corp. Rev., 5.00%, 11/15/40 | 75,000 | 86,731 |
New York State Dormitory Authority Rev., (New York University), 4.00%, 7/1/36 | 50,000 | 57,407 | ||||||
New York State Dormitory Authority Rev., (New York University), 5.00%, 7/1/39 | 10,000 | 12,002 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 5.00%, 2/15/24 | 60,000 | 67,679 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/30 | 35,000 | 40,895 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/32 | 40,000 | 53,899 | ||||||
New York State Dormitory Authority Rev., (State of New York Personal Income Tax Rev.), 4.00%, 2/15/38 | 65,000 | 77,769 | ||||||
New York State Dormitory Authority Rev., (State University of New York), 5.00%, 7/1/23 | 5,000 | 5,467 | ||||||
New York State Dormitory Authority Rev., (State University of New York), 5.00%, 7/1/23, Prerefunded at 100% of Par(1) | 50,000 | 55,069 | ||||||
New York State Dormitory Authority Rev., (Trustees of Columbia University in the New York City), 5.00%, 10/1/38 | 10,000 | 12,555 | ||||||
New York State Thruway Authority Rev., 5.00%, 1/1/23 | 40,000 | 42,983 | ||||||
New York State Thruway Authority Rev., 5.00%, 1/1/26 | 40,000 | 44,788 | ||||||
New York State Thruway Authority Rev., 5.00%, 1/1/29 | 100,000 | 115,653 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/23 | 40,000 | 43,492 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/25 | 30,000 | 33,892 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/26 | 55,000 | 66,578 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/31 | 25,000 | 31,253 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/31 | 110,000 | 123,811 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/32 | 25,000 | 33,242 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/34 | 60,000 | 67,409 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/35 | 25,000 | 32,860 | ||||||
New York State Urban Development Corp. Rev., (State of New York Personal Income Tax Rev.), 5.00%, 3/15/36 | 50,000 | 63,078 | ||||||
New York State Urban Development Corp. Rev., (State of New York Sales Tax Rev.), 5.00%, 3/15/36 | 15,000 | 19,312 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 7/15/29 | 10,000 | 12,850 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 10/15/31 | 5,000 | 5,952 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 7/15/33 | 15,000 | 19,882 | ||||||
Port Authority of New York & New Jersey Rev., 5.00%, 7/15/35 | 40,000 | 52,607 | ||||||
Port Authority of New York & New Jersey Rev., 4.00%, 7/15/37 | 100,000 | 120,603 | ||||||
Sales Tax Asset Receivable Corp. Rev., 5.00%, 10/15/24 | 50,000 | 57,891 | ||||||
Sales Tax Asset Receivable Corp. Rev., 5.00%, 10/15/31 | 10,000 | 11,502 | ||||||
Sales Tax Asset Receivable Corp. Rev., 4.00%, 10/15/32 | 55,000 | 61,353 | ||||||
Suffolk County Water Authority Rev., 3.00%, 6/1/32 | 10,000 | 10,684 | ||||||
Suffolk County Water Authority Rev., 3.25%, 6/1/43 | 15,000 | 16,169 | ||||||
Triborough Bridge & Tunnel Authority Rev., 4.00%, 11/15/21 | 45,000 | 45,802 | ||||||
Triborough Bridge & Tunnel Authority Rev., 5.50%, 11/15/21 (NATL) | 45,000 | 46,095 | ||||||
Triborough Bridge & Tunnel Authority Rev., 5.00%, 11/15/25 | 20,000 | 23,990 | ||||||
Triborough Bridge & Tunnel Authority Rev., 5.00%, 11/15/37 | 25,000 | 30,900 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/25 | 35,000 | 39,226 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 6/15/27 | 40,000 | 47,176 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 6/15/28 | 25,000 | 30,533 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/30 | 55,000 | 61,611 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/31 | 50,000 | 56,010 | ||||||
Utility Debt Securitization Authority Rev., 5.00%, 12/15/36 | 50,000 | 59,542 | ||||||
3,407,626 | ||||||||
North Carolina — 1.0% | ||||||||
State of North Carolina GO, 5.00%, 6/1/29 | 60,000 | 79,161 | ||||||
State of North Carolina Rev., 5.00%, 3/1/30 | 10,000 | 12,903 | ||||||
State of North Carolina Rev., 5.00%, 3/1/33 | 115,000 | 146,626 | ||||||
Wake County GO, 5.00%, 3/1/24 | 35,000 | 39,595 | ||||||
278,285 | ||||||||
Ohio — 1.2% | ||||||||
American Municipal Power, Inc. Rev., 5.00%, 2/15/33 | 70,000 | 90,840 | ||||||
Cincinnati City School District GO, 5.25%, 12/1/29 (NATL) | 15,000 | 20,145 | ||||||
Cincinnati City School District GO, 5.25%, 12/1/30 (NATL) | 30,000 | 41,163 | ||||||
Cincinnati City School District GO, 5.25%, 12/1/31 (NATL) | 5,000 | 7,015 | ||||||
Ohio Water Development Authority Water Pollution Control Loan Fund Rev., 5.00%, 6/1/23 | 15,000 | 16,458 |
Rickenbacker Port Authority Rev., 5.375%, 1/1/32 | 50,000 | 64,345 | ||||||
State of Ohio GO, 5.00%, 8/1/24 | 30,000 | 34,433 | ||||||
State of Ohio Rev., 5.00%, 12/15/23 | 55,000 | 61,656 | ||||||
336,055 | ||||||||
Oklahoma — 0.8% | ||||||||
Oklahoma Turnpike Authority Rev., 5.00%, 1/1/30 | 175,000 | 232,685 | ||||||
Oregon — 1.4% | ||||||||
Multnomah County School District No. 1 Portland GO, 5.00%, 6/15/24 (SCH BD GTY) | 25,000 | 28,576 | ||||||
Oregon State Lottery Rev., 5.00%, 4/1/27 (MORAL OBLG) | 175,000 | 204,704 | ||||||
State of Oregon Department of Transportation Rev., 5.00%, 11/15/23 | 30,000 | 33,526 | ||||||
State of Oregon Department of Transportation Rev., 5.00%, 11/15/24, Prerefunded at 100% of Par(1) | 65,000 | 75,608 | ||||||
Washington & Multnomah Counties School District No. 48J Beaverton GO, 5.00%, 6/15/24, Prerefunded at 100% of Par (SCH BD GTY)(1) | 35,000 | 40,048 | ||||||
382,462 | ||||||||
Pennsylvania — 2.8% | ||||||||
Commonwealth Financing Authority Rev., (Pennsylvania Department of Community & Economic Development), 5.00%, 6/1/22, Prerefunded at 100% of Par(1) | 40,000 | 41,961 | ||||||
Delaware Valley Regional Finance Authority Rev., 5.50%, 8/1/28 (Ambac) | 25,000 | 32,717 | ||||||
Delaware Valley Regional Finance Authority Rev., 5.75%, 7/1/32 | 25,000 | 36,338 | ||||||
Montgomery County Higher Education and Health Authority Rev., (Thomas Jefferson University Obligated Group), 5.00%, 9/1/33 | 115,000 | 146,590 | ||||||
Montgomery County Higher Education and Health Authority Rev., (Thomas Jefferson University Obligated Group), 4.00%, 9/1/34 | 50,000 | 58,903 | ||||||
Pennsylvania GO, 5.00%, 4/1/23, Prerefunded at 100% of Par(1) | 25,000 | 27,235 | ||||||
Pennsylvania GO, 4.00%, 7/1/23 | 25,000 | 26,964 | ||||||
Pennsylvania GO, 5.00%, 1/1/24 | 25,000 | 28,041 | ||||||
Pennsylvania GO, 5.00%, 1/1/28 | 5,000 | 6,181 | ||||||
Pennsylvania GO, 3.00%, 9/15/36 | 80,000 | 86,142 | ||||||
Pennsylvania GO, 3.00%, 5/1/38 | 25,000 | 27,739 | ||||||
Pennsylvania GO, 2.00%, 5/1/39 | 30,000 | 29,093 | ||||||
Pennsylvania State Public School Building Authority Rev., 5.00%, 6/1/29 (AGM) | 30,000 | 38,068 | ||||||
Pennsylvania Turnpike Commission Rev., 5.00%, 12/1/23 | 30,000 | 33,602 | ||||||
Philadelphia GO, 4.00%, 8/1/35 | 20,000 | 22,378 | ||||||
Philadelphia Gas Works Co Rev., 5.00%, 8/1/50 (AGM) | 100,000 | 126,090 | ||||||
768,042 | ||||||||
Rhode Island — 0.1% | ||||||||
Rhode Island Commerce Corp. Rev., 5.00%, 6/15/23 | 25,000 | 27,421 | ||||||
South Carolina — 1.6% | ||||||||
Charleston Educational Excellence Finance Corp. Rev., (Charleston County School District), 5.00%, 12/1/23, Prerefunded at 100% of Par(1) | 30,000 | 33,585 | ||||||
South Carolina Public Service Authority Rev., 5.00%, 12/1/26 | 50,000 | 57,560 | ||||||
South Carolina Public Service Authority Rev., 5.00%, 12/1/30 | 45,000 | 51,403 | ||||||
South Carolina Public Service Authority Rev., 5.00%, 12/1/30 | 70,000 | 83,990 | ||||||
South Carolina Public Service Authority Rev., 5.00%, 12/1/36 | 40,000 | 40,888 | ||||||
South Carolina Public Service Authority Rev., 3.00%, 12/1/41 | 50,000 | 53,884 | ||||||
South Carolina Public Service Authority Rev., 4.00%, 12/1/42 | 60,000 | 70,756 | ||||||
South Carolina Transportation Infrastructure Bank Rev., 5.00%, 10/1/21 | 40,000 | 40,631 | ||||||
432,697 | ||||||||
Tennessee — 0.3% | ||||||||
Memphis GO, 5.00%, 5/1/23 | 25,000 | 27,301 | ||||||
Metropolitan Government of Nashville & Davidson County GO, 5.00%, 1/1/26 | 50,000 | 60,249 | ||||||
87,550 | ||||||||
Texas — 7.3% | ||||||||
Austin GO, 2.95%, 9/1/27 | 25,000 | 27,382 | ||||||
Board of Regents of the University of Texas System Rev., 5.00%, 8/15/22 | 10,000 | 10,592 |
Board of Regents of the University of Texas System Rev., 5.375%, 8/15/23 | 50,000 | 55,711 | ||||||
Board of Regents of the University of Texas System Rev., 5.00%, 8/15/24 | 35,000 | 40,229 | ||||||
Board of Regents of the University of Texas System Rev., 5.00%, 8/15/24 | 30,000 | 34,482 | ||||||
Board of Regents of the University of Texas System Rev., 5.00%, 8/15/26 | 25,000 | 30,714 | ||||||
Central Texas Turnpike System Rev., 5.00%, 8/15/39 | 90,000 | 116,063 | ||||||
Cypress-Fairbanks Independent School District GO, 5.00%, 2/15/24 (PSF-GTD) | 80,000 | 90,251 | ||||||
Dallas GO, 5.00%, 2/15/23 | 60,000 | 64,944 | ||||||
Dallas GO, 5.00%, 2/15/27 | 30,000 | 33,619 | ||||||
Dallas Area Rapid Transit Rev., 5.00%, 12/1/29 | 35,000 | 46,294 | ||||||
Dallas Fort Worth International Airport Rev., 5.00%, 11/1/33 | 50,000 | 66,342 | ||||||
Dallas Fort Worth International Airport Rev., 5.00%, 11/1/33 | 65,000 | 86,245 | ||||||
Dallas Independent School District GO, 5.00%, 8/15/24 (PSF-GTD) | 35,000 | 40,254 | ||||||
Dallas Independent School District GO, 5.00%, 8/15/24, Prerefunded at 100% of Par (PSF-GTD)(1) | 40,000 | 46,057 | ||||||
Dallas Waterworks & Sewer System Rev., 5.00%, 10/1/27 | 80,000 | 95,271 | ||||||
Houston GO, 5.00%, 3/1/24 | 75,000 | 84,758 | ||||||
Houston GO, 5.00%, 3/1/28 | 35,000 | 44,582 | ||||||
Houston Independent School District GO, 5.00%, 2/15/27 (PSF-GTD) | 55,000 | 66,220 | ||||||
Lower Colorado River Authority Rev., (LCRA Transmission Services Corp.), 4.00%, 5/15/39 | 20,000 | 20,563 | ||||||
North Texas Tollway Authority Rev., 5.00%, 1/1/28 | 10,000 | 11,910 | ||||||
North Texas Tollway Authority Rev., 5.00%, 1/1/38 | 25,000 | 31,469 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), 5.00%, 1/1/23 | 35,000 | 37,669 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), 4.00%, 1/1/38 | 30,000 | 34,803 | ||||||
North Texas Tollway Authority Rev., (North Texas Tollway System), Capital Appreciation, 0.00%, 1/1/30 (AGC)(2) | 100,000 | 87,858 | ||||||
San Antonio Electric & Gas Systems Rev., 5.00%, 2/1/26 | 75,000 | 90,462 | ||||||
State of Texas GO, 4.00%, 4/1/24, Prerefunded at 100% of Par(1) | 50,000 | 55,345 | ||||||
State of Texas GO, 5.00%, 4/1/24, Prerefunded at 100% of Par(1) | 60,000 | 68,106 | ||||||
State of Texas GO, 5.00%, 10/1/28 | 40,000 | 47,787 | ||||||
State of Texas GO, 5.00%, 10/1/30 | 55,000 | 68,958 | ||||||
State of Texas GO, 5.00%, 10/1/33 | 100,000 | 124,639 | ||||||
Texas Transportation Commission State Highway Fund Rev., 5.00%, 4/1/24 | 5,000 | 5,678 | ||||||
Texas Water Development Board Rev., (State Water Implementation Rev. Fund for Texas), 5.00%, 10/15/29 | 45,000 | 53,829 | ||||||
Texas Water Development Board Rev., (State Water Implementation Rev. Fund for Texas), 5.00%, 10/15/40 | 75,000 | 88,964 | ||||||
Trinity River Authority Central Regional Wastewater System Rev., 5.00%, 8/1/28 | 25,000 | 31,611 | ||||||
University of Texas System Rev., 5.00%, 8/15/30 | 50,000 | 67,370 | ||||||
2,007,031 | ||||||||
Utah — 1.6% | ||||||||
State of Utah GO, 5.00%, 7/1/28 | 125,000 | 161,463 | ||||||
State of Utah GO, 5.00%, 7/1/29 | 40,000 | 52,234 | ||||||
Utah Transit Authority Rev., 5.00%, 6/15/25, Prerefunded at 100% of Par(1) | 30,000 | 35,546 | ||||||
Utah Transit Authority Rev., 5.00%, 6/15/25 | 110,000 | 130,169 | ||||||
Utah Transit Authority Rev., 5.25%, 6/15/32 (AGM) | 40,000 | 54,950 | ||||||
434,362 | ||||||||
Virginia — 2.6% | ||||||||
Hampton Roads Transportation Accountability Commission Rev., 5.00%, 7/1/22 | 25,000 | 26,312 | ||||||
Richmond Public Utility Rev., 5.00%, 1/15/28 | 25,000 | 30,086 | ||||||
Virginia College Building Authority Rev., 5.00%, 2/1/30 | 75,000 | 94,880 | ||||||
Virginia College Building Authority Rev., 5.00%, 2/1/31 | 70,000 | 85,938 | ||||||
Virginia College Building Authority Rev., 4.00%, 2/1/33 | 40,000 | 44,384 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 5/15/24 | 50,000 | 56,972 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 3/15/25 | 25,000 | 29,355 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 9/15/26 | 50,000 | 61,639 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 9/15/27 | 60,000 | 76,069 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 5/15/32 | 10,000 | 12,473 | ||||||
Virginia Commonwealth Transportation Board Rev., 5.00%, 5/15/33 | 50,000 | 62,215 | ||||||
Virginia Public Building Authority Rev., 5.00%, 8/1/27 | 100,000 | 126,444 |
Virginia Small Business Financing Authority Rev., (Hampton University), 4.00%, 10/1/38 | 20,000 | 21,908 | ||||||
728,675 | ||||||||
Washington — 3.8% | ||||||||
Central Puget Sound Regional Transit Authority Rev., 5.00%, 11/1/32 | 50,000 | 59,536 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/23 | 35,000 | 38,537 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/25 | 25,000 | 29,629 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/27 | 65,000 | 81,563 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/27 | 25,000 | 28,491 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/28 | 20,000 | 25,097 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/30 | 25,000 | 32,044 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/31 | 15,000 | 17,035 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/32 | 50,000 | 58,725 | ||||||
Energy Northwest Rev., (Bonneville Power Administration), 5.00%, 7/1/35 | 50,000 | 66,357 | ||||||
State of Washington GO, 4.00%, 7/1/26 | 50,000 | 55,498 | ||||||
State of Washington GO, 5.00%, 8/1/28 | 50,000 | 61,300 | ||||||
State of Washington GO, 5.00%, 8/1/31 | 25,000 | 31,238 | ||||||
State of Washington GO, 5.00%, 8/1/32 | 255,000 | 318,466 | ||||||
State of Washington GO, 5.00%, 2/1/40 | 40,000 | 51,735 | ||||||
State of Washington GO, 5.00%, 2/1/41 | 25,000 | 32,261 | ||||||
State of Washington Rev., 5.00%, 9/1/23 | 35,000 | 38,722 | ||||||
University of Washington Rev., 4.00%, 6/1/37 | 10,000 | 11,101 | ||||||
1,037,335 | ||||||||
TOTAL MUNICIPAL SECURITIES (Cost $27,192,145) | 27,181,133 | |||||||
TEMPORARY CASH INVESTMENTS — 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost $26,773) | 26,773 | 26,773 | ||||||
TOTAL INVESTMENT SECURITIES — 98.9% (Cost $27,218,918) | 27,207,906 | |||||||
OTHER ASSETS AND LIABILITIES — 1.1% | 312,298 | |||||||
TOTAL NET ASSETS — 100.0% | $ | 27,520,204 |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
AGC | - | Assured Guaranty Corporation | ||||||
AGM | - | Assured Guaranty Municipal Corporation | ||||||
COP | - | Certificates of Participation | ||||||
GO | - | General Obligation | ||||||
MORAL OBLG | - | Moral Obligation Bond | ||||||
NATL | - | National Public Finance Guarantee Corporation | ||||||
PSF-GTD | - | Permanent School Fund Guaranteed | ||||||
SCH BD GTY | - | School Bond Guaranty |
(1)Escrowed to maturity in U.S. government securities or state and local government securities.
(2)Security is a zero-coupon bond. Zero-coupon securities are issued at a substantial discount from their value at maturity.
SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS
1. Investment Valuations
The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The Board of Trustees has adopted valuation policies and procedures to guide the investment advisor in the fund’s investment valuation process and to provide methodologies for the oversight of the fund’s pricing function.
Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Municipal securities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.
Open-end management investment companies are valued at the reported NAV per share.
If the fund determines that the market price for an investment is not readily available or the valuation methods mentioned above do not reflect an investment’s fair value, such investment is valued as determined in good faith by the Board of Trustees or its delegate, in accordance with policies and procedures adopted by the Board of Trustees. In its determination of fair value, the fund may review several factors including, but not limited to, market information regarding the specific investment or comparable investments and correlation with other investment types, futures indices or general market indicators. Circumstances that may cause the fund to use these procedures to value an investment include, but are not limited to: an investment has been declared in default or is distressed; trading in a security has been suspended during the trading day or a security is not actively trading on its principal exchange; prices received from a regular pricing source are deemed unreliable; or there is a foreign market holiday and no trading occurred.
The fund monitors for significant events occurring after the close of an investment’s primary exchange but before the fund’s NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region.
2. Fair Value Measurements
The fund’s investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.
•Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.
•Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.
•Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions).
The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.
The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund’s portfolio holdings.
Level 1 ($) | Level 2 ($) | Level 3 ($) | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Municipal Securities | — | 27,181,133 | — | ||||||||
Temporary Cash Investments | 26,773 | — | — | ||||||||
26,773 | 27,181,133 | — |
This schedule of investments provides information about the fund’s portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund’s most recent annual or semiannual shareholder report.