Blackrock Municipal Bond Fund NPORT-P BlackRock Short-Term Municipal Fund (Mar 2024 report)

Schedule of Investments (unaudited) March 31, 2024 BlackRock Short-Term Municipal Fund (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Municipal Bonds
Alabama — 12.4%
Black Belt Energy Gas District, RB 3.99%, 10/01/52(a)	$	4,000	$	3,851,517
4.00%, 10/01/52(a)		8,485		8,517,074
Series A, 5.00%, 09/01/25		150		152,007
Series A, 5.00%, 09/01/26		250		256,245
Series A, 5.00%, 09/01/27		225		232,762
Series A, 5.00%, 09/01/28		250		260,568
Series A, 5.00%, 09/01/29		250		262,068
Series A, 5.00%, 09/01/30		350		368,575
Series A, 5.25%, 01/01/54(a)		2,000		2,143,399
Series C-1, 5.25%, 02/01/53(a)		3,570		3,774,706
Series F, 5.25%, 12/01/26		5,140		5,279,388
Black Belt Energy Gas District, Refunding RB(a)
Series D-1, 5.50%, 06/01/49		2,580		2,741,097
Series D2, 4.96%, 07/01/52		2,650		2,675,670
Columbia Industrial Development Board, Refunding RB, 4.82%, 12/01/37(a)		5,000		5,000,000
County of Jefferson Alabama Sewer Revenue, Refunding RB, 5.00%, 10/01/25		1,500		1,531,198
Southeast Energy Authority A Cooperative District, RB
Series A, 5.25%, 01/01/54(a)		10,700		11,350,028
Series A-1, 5.00%, 12/01/26		1,000		1,028,223
Series B, 5.00%, 01/01/54(a)		10,000		10,608,307
Series B-1, 5.00%, 05/01/53(a)		2,500		2,592,319
			62,625,151
Arizona — 1.9%
Arizona Health Facilities Authority, RB, Series B, 3.89%, 01/01/46(a)		4,975		4,932,919
Chandler Industrial Development Authority, RB, Series 2, AMT, 5.00%, 09/01/52(a)		2,925		3,009,631
Salt Verde Financial Corp., RB, 5.50%, 12/01/29		1,475		1,591,867
			9,534,417
California — 1.5%
California Community Choice Financing Authority, RB, Sustainability Bonds, 5.51%, 12/01/53(a)		7,000		7,121,799
Norman Y Mineta San Jose International Airport SJC, Refunding RB, Series A, AMT, 5.00%, 03/01/26		250		257,051
			7,378,850
Colorado — 1.0%
Colorado Health Facilities Authority, RB, Series B-2, 5.00%, 08/01/49(a)		4,500		4,635,531
Regional Transportation District, Refunding RB, Series A, 3.00%, 01/15/26		610		601,883
				5,237,414
Connecticut — 1.3%
Connecticut Housing Finance Authority, Refunding RB, S/F Housing
Series D-1, Sustainability Bonds, 5.00%, 11/15/26		555		579,542
Series D-1, Sustainability Bonds, 5.00%, 05/15/27		655		689,404
Series D-1, Sustainability Bonds, 5.00%, 11/15/27		450		477,349

Security	Par (000)		Value
Connecticut (continued)
Connecticut State Health & Educational Facilities Authority, Refunding RB, Series L-1, 4.00%, 07/01/24	$	650	$	649,632
State of Connecticut, GO, Series A, 4.63%, 03/01/25(a)		4,155		4,184,774
				6,580,701
Delaware(a) — 1.8%
Delaware State Economic Development Authority,
Refunding RB, Series B, 1.25%, 10/01/40		8,000		7,551,863
University of Delaware, Refunding RB, 3.95%, 11/01/35		1,500		1,500,000
				9,051,863
District of Columbia — 0.2%
Metropolitan Washington Airports Authority Aviation Revenue, Refunding ARB, Series A, AMT, 5.00%, 10/01/27		1,000		1,004,343
Florida — 1.9%
County of Broward Florida Airport System Revenue, ARB, Series A, AMT, 5.00%, 10/01/28		3,000		3,054,210
County of Miami-Dade Florida Aviation Revenue, Refunding RB, Series A, AMT, 5.00%, 10/01/28		2,350		2,358,564
Greater Orlando Aviation Authority, ARB, Series A, AMT, 5.00%, 10/01/30		1,335		1,446,544
Miami-Dade County Expressway Authority, Refunding RB, Series B, 5.00%, 07/01/30		410		411,606
School Board of Miami-Dade County, Refunding COP, Series D, 5.00%, 11/01/27		2,110		2,124,105
				9,395,029
Georgia(a) — 3.5%
Development Authority of Burke County, RB, 3.38%, 11/01/48		2,000		1,994,349
Main Street Natural Gas, Inc., RB
Series A, 5.00%, 06/01/53		5,000		5,279,095
Series B, 5.00%, 07/01/53		10,045		10,649,847
				17,923,291
Guam — 0.5%
Guam Power Authority, Refunding RB, Series A, 5.00%, 10/01/25		2,500		2,533,845
Illinois — 4.6%
Chicago O’Hare International Airport, Refunding RB, Series C, Senior Lien, 5.00%, 01/01/30		1,320		1,363,281
Chicago Transit Authority Capital Grant Receipts Revenue, Refunding RB
5.00%, 06/01/27		1,250		1,307,879
5.00%, 06/01/28		2,730		2,907,512
City of Chicago Illinois Waterworks Revenue, Refunding RB,
Series B, 2nd Lien, 5.00%, 11/01/24		1,185		1,192,194
City of Chicago Illinois, Refunding GO, Series A, 5.00%, 01/01/26		575		588,391
Illinois Finance Authority, Refunding RB, Series B, 4.34%, 05/01/42(a)		1,000		979,029
Illinois Housing Development Authority, RB, S/F Housing
Series G, Sustainability Bonds, (FHLMC, FNMA, GNMA), 5.50%, 04/01/28		300		324,952
Series G, Sustainability Bonds, (FHLMC, FNMA, GNMA), 5.50%, 10/01/28		250		273,099

S C H E D U L E O F I N V E S T M E N T S 1

Schedule of Investments (unaudited) (continued) March 31, 2024 BlackRock Short-Term Municipal Fund (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Illinois (continued)
Illinois Housing Development Authority, RB, S/F Housing (continued)
Series G, Sustainability Bonds, (FHLMC, FNMA, GNMA), 5.50%, 04/01/29	$	355	$	390,970
Series G, Sustainability Bonds, (FHLMC, FNMA, GNMA), 5.50%, 10/01/29		375		415,584
Series G, Sustainability Bonds, (FHLMC, FNMA, GNMA), 3.50%, 10/01/54(a)		4,300		4,298,925
State of Illinois, GO
Series D, 5.00%, 11/01/27		2,830		2,998,556
Series D, 5.00%, 11/01/28		2,380		2,525,276
State of Illinois, Refunding GO, Series D, 5.00%, 07/01/24		3,750		3,760,952
				23,326,600
Indiana — 1.0%
City of Whiting Indiana, Refunding RB, AMT, 5.00%, 12/01/44(a)		5,010		5,084,461
Kansas(a) — 4.7%
City of Burlington Kansas, Refunding RB
Series A, 3.90%, 09/01/35		18,000		18,000,000
Series B, 3.90%, 09/01/35		6,000		6,000,000
				24,000,000
Louisiana — 9.7%
Lake Charles Harbor & Terminal District, RB, AMT, 1.00%, 12/01/51(a)		13,515		13,234,430
Louisiana Public Facilities Authority, RB, 5.00%, 10/01/43(a)(b)		10,000		10,111,039
Louisiana Public Facilities Authority, Refunding RB, 5.00%, 05/15/28		855		893,316
Parish of St James Louisiana, RB, Series A-1, 4.01%, 11/01/40(a)		24,700		24,700,000
				48,938,785
Maryland — 0.8%
Maryland Health & Higher Educational Facilities Authority, Refunding RB, Series D, 4.50%, 07/01/41(a)		4,000		4,000,000
Massachusetts — 1.2%
Massachusetts Educational Financing Authority, RB
AMT, 5.00%, 07/01/26		2,265		2,321,000
Series B, AMT, 5.00%, 07/01/26		1,250		1,280,905
Massachusetts Housing Finance Agency, RB, M/F Housing
Series A-2, Sustainability Bonds, 0.45%, 12/01/24		1,500		1,466,550
Series C2, Sustainability Bonds, 4.00%, 12/01/27		1,250		1,263,079
				6,331,534
Michigan — 4.0%
Michigan Finance Authority, RB, 4.49%, 12/01/39(a)		6,115		6,108,800
Michigan Finance Authority, Refunding RB 4.39%, 04/15/47(a)		3,150		3,143,401
Series D-1, 0.55%, 10/15/24		1,300		1,276,974
Michigan State Housing Development Authority, RB, M/F Housing
Series A, 0.55%, 04/01/25		975		940,910
Series A-1, 0.65%, 10/01/24		460		452,387
Michigan Strategic Fund, RB 0.58%, 08/01/27(a)		1,600		1,580,849

Security	Par (000)		Value
Michigan (continued)
Michigan Strategic Fund, RB (continued)
AMT, 5.00%, 06/30/29	$	6,015	$	6,273,424
Mona Shores Public Schools, GO, Series II, (Q-SBLF), 4.00%, 05/01/24		500		500,153
				20,276,898
Minnesota — 0.6%
Hastings Independent School District No. 200, GO, CAB, Series A, 0.00%, 02/01/26(c)		1,040		981,543
Minnesota Housing Finance Agency, RB, S/F Housing
Series E, AMT, Sustainability Bonds, 0.70%, 01/01/25		800		774,384
Series E, AMT, Sustainability Bonds, 0.90%, 01/01/26		790		736,831
Series E, AMT, Sustainability Bonds, 1.10%, 01/01/27		585		528,821
				3,021,579
Missouri — 1.0%
County of Greene Missouri, COP, Series A, 4.00%, 03/01/25		400		402,297
Kansas City Industrial Development Authority, ARB, AMT, 5.00%, 03/01/30		4,200		4,441,108
				4,843,405
Nebraska — 1.2%
County of Douglas Nebraska, Refunding RB, 4.17%, 07/01/35(a)		5,885		5,741,308
Omaha School District, Refunding GO, 5.00%, 06/15/24		460		461,390
				6,202,698
Nevada — 1.7%
Clark County Water Reclamation District, Refunding GO, 5.00%, 07/01/24		435		436,649
County of Clark Nevada, Refunding GO, Series A, 5.00%, 07/01/24		350		351,286
County of Clark Nevada, Refunding RB, Series B, 5.00%, 07/01/24		545		546,976
County of Washoe Nevada, Refunding RB(a)
Series C3, 4.13%, 03/01/36		2,000		2,024,920
Series F, 4.13%, 03/01/36		5,000		5,062,232
				8,422,063
New Hampshire — 0.8%
New Hampshire Business Finance Authority, Refunding RB, Class A, AMT, 4.02%, 10/01/33(a)		4,050		4,029,986
New Jersey — 5.2%
New Jersey Economic Development Authority, RB, 5.00%, 06/15/29		1,000		1,101,073
New Jersey Economic Development Authority, Refunding RB
Series B, 5.00%, 11/01/26		10,620		11,081,045
Series RRR, 5.00%, 03/01/28		6,000		6,429,689
New Jersey Transportation Trust Fund Authority, RB, Series BB, 5.00%, 06/15/29		1,570		1,711,890
New Jersey Transportation Trust Fund Authority, Refunding RB, Series AA, 5.00%, 06/15/25		1,875		1,906,791
Township of Cranford New Jersey, Refunding GO, 5.00%, 06/20/24		4,000		4,008,484
				26,238,972

2

Schedule of Investments (unaudited) (continued) March 31, 2024 BlackRock Short-Term Municipal Fund (Percentages shown are based on Net Assets)

Security	Par (000)		Value
New Mexico — 0.6%
New Mexico Educational Assistance Foundation, Refunding
RB, Series 1A, AMT, 5.00%, 09/01/27	$	2,000	$	2,100,895
New Mexico Mortgage Finance Authority, RB, M/F Housing, 5.00%, 02/01/42(a)		1,030		1,040,452
				3,141,347
New York — 10.5%
Catskill Central School District, GO, (SAW), 5.00%, 06/28/24		1,570		1,576,490
City of New York, GO(a)
Sub-Series B, Class B4, 4.45%, 10/01/46		1,600		1,600,000
Sub-Series F-5, 4.45%, 06/01/44		7,000		7,000,000
Genesee County Funding Corp., Refunding RB
Series A, 5.00%, 12/01/24		400		400,973
Series A, 5.00%, 12/01/25		200		201,815
Metropolitan Transportation Authority, Refunding RB
Series D, 5.00%, 11/15/27		4,630		4,834,673
Series B, Sustainability Bonds, 5.00%, 11/15/28		1,250		1,368,743
Mount Pleasant Central School District, Refunding GO, (SAW), 5.00%, 06/28/24		4,000		4,016,526
New York City Housing Development Corp., RB, M/F Housing(a)
Seires A-2, 3.70%, 05/01/63		5,000		4,978,519
Series E-2, Sustainability Bonds, 3.80%, 11/01/63		1,000		996,057
New York City Housing Development Corp., Refunding RB, 1.05%, 05/01/28		1,000		892,282
New York City Municipal Water Finance Authority, RB, Series BB-2, 4.45%, 06/15/53(a)		8,200		8,200,000
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, Class B4, 4.55%, 08/01/42(a)		1,700		1,700,000
New York Transportation Development Corp., ARB, AMT, 5.00%, 07/01/30		995		997,533
New York Transportation Development Corp., Refunding RB, Series A, AMT, 5.00%, 12/01/25		1,000		1,013,810
Port Authority of New York & New Jersey, Refunding ARB, Series 207, AMT, 5.00%, 09/15/29		1,000		1,060,166
Port Authority of New York & New Jersey, Refunding RB, Series 227, AMT, 3.00%, 10/01/27		1,230		1,215,883
State of New York Mortgage Agency Homeowner Mortgage Revenue, RB, S/F Housing, Series 212, AMT, 2.95%, 04/01/25		600		591,617
State of New York Mortgage Agency Homeowner Mortgage Revenue, Refunding RB, S/F Housing
AMT, Sustainability Bonds, 0.65%, 04/01/24		705		704,742
AMT, Sustainability Bonds, 0.75%, 10/01/24		830		815,039
AMT, Sustainability Bonds, 0.88%, 04/01/25		1,710		1,643,117
Triborough Bridge & Tunnel Authority, Refunding RB, Series E2A, Sustainability Bonds, 4.61%, 04/01/26(a)		7,500		7,513,287
				53,321,272
Ohio — 2.6%
Ohio Air Quality Development Authority, Refunding RB(a) 4.00%, 09/01/30		4,120		4,156,923
Series A, AMT, 4.25%, 11/01/39		3,200		3,230,431
Ohio Higher Educational Facility Commission, Refunding RB, Series B, 3.87%, 12/01/42(a)		5,335		5,248,398
State of Ohio, Refunding GO, Series B, 5.00%, 08/01/24		775		779,019
				13,414,771

Security	Par (000)		Value
Oregon — 0.4%
City of Hermiston Oregon, GO, 4.00%, 06/01/24	$	345	$	345,216
Port of Portland Oregon Airport Revenue, Refunding ARB, Series 28, AMT, 5.00%, 07/01/30		1,580		1,728,166
				2,073,382
Pennsylvania — 5.7%
Allegheny County Hospital Development Authority, RB, Series D2, 4.22%, 11/15/26(a)		3,850		3,842,129
City of Philadelphia Pennsylvania Airport Revenue, Refunding RB, Series C, AMT, 5.00%, 07/01/28		1,000		1,058,527
Muhlenberg School District, Refunding GO, (SAW), 4.00%, 05/15/24		200		200,130
Pennsylvania Economic Development Financing Authority, RB, Class A, AMT, 4.04%, 06/01/41(a)		5,000		4,977,984
Pennsylvania Economic Development Financing Authority, Refunding RB(a) 4.75%, 12/01/37		6,200		6,200,000
Class B, 4.75%, 12/01/38		5,000		5,000,000
Pennsylvania Higher Education Assistance Agency, RB, Series A, AMT, 5.00%, 06/01/28		1,925		2,018,209
Pennsylvania Housing Finance Agency, RB, S/F Housing
Series 137, Sustainability Bonds, 5.00%, 04/01/27		240		251,981
Series 137, Sustainability Bonds, 5.00%, 10/01/27		225		238,046
Series 137, Sustainability Bonds, 5.00%, 04/01/28		250		266,485
School District of Philadelphia, GO
Series A, (SAW), 5.00%, 09/01/24		555		557,911
Series A, (SAW), 5.00%, 09/01/29		1,350		1,479,157
School District of Philadelphia, Refunding GO, Series A, (NPFGC SAW), 5.00%, 06/01/25		2,400		2,441,039
State Public School Building Authority, Refunding RB, Series A, (AGM SAW), 5.00%, 06/01/24		500		501,092
				29,032,690
Rhode Island — 0.6%
Rhode Island Student Loan Authority, RB
Series A, AMT, 5.00%, 12/01/27		1,600		1,672,156
Series A, AMT, 5.00%, 12/01/28		1,515		1,605,321
				3,277,477
South Carolina — 0.2%
South Carolina Public Service Authority, Refunding RB, Series A, 5.00%, 12/01/28		1,000		1,014,190
South Dakota — 0.0%
South Dakota Health & Educational Facilities Authority, Refunding RB, Series A, 5.00%, 09/01/24		250		251,405
Tennessee — 1.0%
Johnson City Health & Educational Facilities Board, Refunding RB
Series A, 5.00%, 07/01/24		1,190		1,193,581
Series A, 5.00%, 07/01/25		1,000		1,017,103
New Memphis Arena Public Building Authority, RB, CAB, Convertible, 0.00%, 04/01/27(d)		1,855		1,762,490
Tennessee Energy Acquisition Corp., RB, Series A, 5.25%, 09/01/26		1,025		1,047,677
				5,020,851
Texas — 7.7%
Goose Creek Consolidated Independent School District, GO, (PSF), 2.00%, 02/15/25		1,285		1,270,050
Harris County Cultural Education Facilities Finance Corp., Refunding RB, Class B, 5.00%, 06/01/50(a)		1,500		1,606,335
Lower Colorado River Authority, Refunding RB, 5.00%, 05/15/24		850		851,491

S C H E D U L E O F I N V E S T M E N T S 3

Schedule of Investments (unaudited) (continued) March 31, 2024 BlackRock Short-Term Municipal Fund (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Texas (continued)
Matagorda County Navigation District No. 1, Refunding RB Series B-1, 4.00%, 06/01/30	$	1,000	$	999,930
Series B-2, 4.00%, 06/01/30		1,800		1,799,874
AMT, 4.25%, 05/01/30		1,145		1,168,869
North Central Texas Housing Finance Corp., RB, M/F Housing, 0.38%, 08/01/40(a)		3,500		3,459,558
North Texas Tollway Authority, Refunding RB, Series A, 5.00%, 01/01/27		6,000		6,312,194
Pecos Barstow Toyah Independent School District, GO, (PSF), 5.00%, 02/15/29		1,200		1,296,927
Texas Municipal Gas Acquisition & Supply Corp III, Refunding RB 5.00%, 12/15/28		5,130		5,365,225
5.00%, 12/15/29		3,785		3,988,460
Texas Municipal Gas Acquisition & Supply Corp. IV, RB, Series A, 5.50%, 01/01/54(a)		8,000		8,659,761
Texas Municipal Gas Acquisition and Supply Corp. II, RB, Series C, 4.38%, 09/15/27(a)		2,500		2,493,232
				39,271,906
Virginia — 0.2%
Isle of Wight County Economic Development Authority, RB (AGM), 5.00%, 07/01/27		360		380,662
(AGM), 5.00%, 07/01/30		400		446,579
				827,241
Washington — 3.4%
County of King Washington Sewer Revenue, Refunding RB, Series A, Junior Lien, 3.87%, 01/01/40(a)		9,700		9,457,274
King County Housing Authority, Refunding RB, 3.00%, 06/01/24		225		224,651

Security	Par (000)		Value
Washington (continued)
State of Washington, GO, Series A, 0.00%, 12/01/28(c)	$	1,000	$	873,641
Washington Health Care Facilities Authority, Refunding RB Series B, 5.00%, 08/15/25		565		573,523
Series B, 5.00%, 08/01/49(a)		2,255		2,285,883
Series B-3, 5.00%, 08/01/49(a)		3,655		3,770,547
				17,185,519
Wisconsin — 4.0%
State of Wisconsin, GO, Series A, 4.06%, 05/01/25(a)		11,490		11,407,326
Wisconsin Health & Educational Facilities Authority, RB, 5.00%, 08/01/27(b)		1,000		1,016,695
Wisconsin Health & Educational Facilities Authority, Refunding RB, Series C-2, 3.82%, 08/15/54(a)		8,000		7,970,215
				20,394,236
Total Investments — 99.4% (Cost: $501,337,496)				504,208,172
Other Assets Less Liabilities — 0.6%				2,844,270
Net Assets — 100.0%			$	507,052,442

^(a) Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c) Zero-coupon bond.

^(d) Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 06/30/23		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 03/31/24		Shares Held at 03/31/24		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, MuniCash, Institutional Class(a)	$	69,048	$	—	$	(69,966	)(b)	$	918	$	—	$	—		—	$	99,118	$	—

^(a)  As of period end, the entity is no longer held.

^(b)  Represents net amount purchased (sold).

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

4

Schedule of Investments (unaudited) (continued) March 31, 2024 BlackRock Short-Term Municipal Fund

Fair Value Hierarchy as of Period End (continued)

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Municipal Bonds	$	—	$	504,208,172	$	—	$	504,208,172
	$	—	$	504,208,172	$	—	$	504,208,172

Portfolio Abbreviation

AGM	Assured Guaranty Municipal Corp.
AMT	Alternative Minimum Tax
ARB	Airport Revenue Bonds
CAB	Capital Appreciation Bonds
COP	Certificates of Participation
FHLMC	Federal Home Loan Mortgage Corp.
FNMA	Federal National Mortgage Association
GNMA	Government National Mortgage Association
GO	General Obligation Bonds
M/F	Multi-Family
NPFGC	National Public Finance Guarantee Corp.
PSF	Permanent School Fund
Q-SBLF	Qualified School Bond Loan Fund
RB	Revenue Bond
S/F	Single-Family
SAW	State Aid Withholding
ST	Special Tax

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