United States
Securities and Exchange Commission
Washington, D.C. 20549
Form N-CSR
Certified Shareholder Report of Registered Management Investment Companies
811-3181
(Investment Company Act File Number)
Federated Hermes Short-Intermediate Duration Municipal Trust
______________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
Peter J. Germain, Esquire
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
(Notices should be sent to the Agent for Service)
Date of Fiscal Year End: 06/30/21
Date of Reporting Period: Six months ended 12/31/20
Item 1. | Reports to Stockholders |
Share Class | Ticker | A | FMTAX | Institutional | FSHIX | Service | FSHSX |
Federated Hermes Short-Intermediate Municipal Fund
A Portfolio of Federated Hermes Short-Intermediate Duration Municipal Trust
Sector Composition | Percentage of Total Net Assets |
Hospital | 10.9% |
General Obligations-Local | 10.0% |
Electric and Gas | 8.8% |
Industrial Development/Pollution Control | 8.7% |
Prepaid Gas Utility | 7.9% |
Toll Road | 7.2% |
Public Power | 6.5% |
Airport | 6.0% |
Water and Sewer | 4.9% |
Senior Care | 4.0% |
Other2 | 24.3% |
Other Assets and Liabilities—Net3 | 0.8% |
TOTAL | 100% |
Principal Amount | Value | ||
MUNICIPAL BONDS—91.2% | |||
Alabama—2.2% | |||
$6,500,000 | Black Belt Energy Gas District, AL, Gas Prepay Revenue Bonds Project No. 4 (Series 2019A-1) TOBs, (Morgan Stanley GTD), 4.000%, Mandatory Tender 12/1/2025 | $7,503,535 | |
1,000,000 | Black Belt Energy Gas District, AL, Gas Prepay Revenue Bonds Project No. 5 (Series 2020A-1) TOBs, (Morgan Stanley GTD), 4.000%, Mandatory Tender 10/1/2026 | 1,174,760 | |
8,000,000 | Lower Alabama Gas District, Gas Project Revenue Bonds Project No.2 (Series 2020A) TOBs, (Goldman Sachs Group, Inc. GTD), 4.000%, Mandatory Tender 12/1/2025 | 9,234,640 | |
2,500,000 | Mobile, AL IDB (Alabama Power Co.), PCR Bonds (Series 2007A) TOBs, 1.000%, Mandatory Tender 6/26/2025 | 2,563,225 | |
450,000 | Prattville, AL IDB (International Paper Co.), Environmental Improvement Revenue Refunding Bonds (Series 2019B) TOBs, 2.000%, Mandatory Tender 10/1/2024 | 475,488 | |
425,000 | Prattville, AL IDB (International Paper Co.), Recovery Zone Facility Revenue Refunding Bonds (Series 2019C) TOBs, 2.000%, Mandatory Tender 10/1/2024 | 449,072 | |
TOTAL | 21,400,720 | ||
Alaska—0.4% | |||
1,250,000 | Alaska International Airports System, Revenue Refunding Bonds (Series 2016A), 5.000%, 10/1/2024 | 1,456,188 | |
1,010,000 | Alaska State Housing Finance Corp., Revenue Bonds (Series 2013A), 5.000%, 12/1/2022 | 1,075,054 | |
1,550,000 | Anchorage, AK Electric Utility System, Senior Lien Revenue Refunding Bonds (Series 2014A), 5.000%, 12/1/2022 | 1,689,562 | |
TOTAL | 4,220,804 | ||
Arizona—1.2% | |||
3,330,000 | Chandler, AZ IDA (Intel Corp.), Industrial Development Revenue Bonds (Series 2019) TOBs, 5.000%, Mandatory Tender 6/3/2024 | 3,830,066 | |
1,750,000 | Phoenix, AZ Civic Improvement Corp.—Airport System, Junior Lien Airport Revenue Bonds (Series 2019B), 5.000%, 7/1/2023 | 1,935,395 | |
1,000,000 | Phoenix, AZ Civic Improvement Corp.—Airport System, Junior Lien Airport Revenue Bonds (Series 2019B), 5.000%, 7/1/2024 | 1,146,270 | |
1,500,000 | Phoenix, AZ Civic Improvement Corp.—Airport System, Junior Lien Airport Revenue Bonds (Series 2019B), 5.000%, 7/1/2025 | 1,778,775 | |
3,000,000 | Tempe, AZ IDA (Mirabella at ASU), Revenue Bonds (Series 2017B), (Original Issue Yield: 4.750%), 4.700%, 10/1/2024 | 3,007,290 | |
TOTAL | 11,697,796 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
California—5.7% | |||
$5,000,000 | 1 | Bay Area Toll Authority, CA, San Francisco Bay Area Toll Bridge Revenue Bonds (SIFMA Index Rate Bonds Series 2007B-1) FRNs, 1.190% (SIFMA 7-day +1.100%), Mandatory Tender 4/1/2024 | $5,066,550 |
10,000,000 | 1 | Bay Area Toll Authority, CA, San Francisco Bay Area Toll Bridge Revenue Bonds (SIFMA Index Rate Bonds Series 2007G-1) FRNs, 1.190% (SIFMA 7-day +1.100%), Mandatory Tender 4/1/2024 | 10,133,200 |
2,045,000 | California Health Facilities Financing Authority (Kaiser Permanente), Revenue Bonds (Series 2017C) TOBs, 5.000%, Mandatory Tender 11/1/2022 | 2,222,670 | |
1,000,000 | California Municipal Finance Authority (Community Medical Centers), Revenue Refunding Bonds (Series 2017A), 5.000%, 2/1/2022 | 1,048,280 | |
2,000,000 | California Municipal Finance Authority (Community Medical Centers), Revenue Refunding Bonds (Series 2017A), 5.000%, 2/1/2023 | 2,179,240 | |
2,000,000 | California Municipal Finance Authority (Community Medical Centers), Revenue Refunding Bonds (Series 2017A), 5.000%, 2/1/2024 | 2,256,940 | |
3,500,000 | California Municipal Finance Authority (Waste Management, Inc.) TOBs, 0.250%, Mandatory Tender 3/1/2021 | 3,499,825 | |
1,500,000 | 2 | California Municipal Finance Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2009A) TOBs, 1.300%, Mandatory Tender 2/3/2025 | 1,545,915 |
2,500,000 | 2 | California Municipal Finance Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2017A) TOBs, 0.700%, Mandatory Tender 12/1/2023 | 2,528,900 |
3,750,000 | California State, UT GO Various Purpose Bonds, 5.000%, 3/1/2029 | 5,051,325 | |
2,500,000 | California State, UT GO Various Purpose Bonds, 5.000%, 3/1/2030 | 3,434,825 | |
1,000,000 | California State, Various Purpose GO Bonds (Series 2020-1), 5.000%, 11/1/2027 | 1,304,420 | |
1,000,000 | California State, Various Purpose GO Refunding Bonds (Series 2020-2), 5.000%, 11/1/2026 | 1,267,700 | |
2,000,000 | California State, Various Purpose GO Refunding Bonds (Series 2020-2), 5.000%, 11/1/2028 | 2,672,460 | |
2,000,000 | Los Angeles County, CA Metropolitan Transportation Authority, Measure R Junior Subordinate Sales Tax Revenue Refunding Bonds (Series 2020A) Green Bonds, 5.000%, 6/1/2030 | 2,777,380 | |
2,860,000 | Los Angeles Department of Water & Power (Los Angeles, CA Department of Water & Power (Electric/Power System)), Power System Revenue Bonds (Series 2020A), 5.000%, 7/1/2029 | 3,893,661 | |
2,000,000 | Southern California Public Power Authority (Power Projects), Windy Point/Windy Flats Project Revenue Refunding Bonds (Series 2020-1) Green Bonds, 5.000%, 4/1/2024 | 2,283,340 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
California—continued | |||
$2,000,000 | Western Placer, CA Unified School District, Community Facilities District No.2 2020 Bond Anticipation Notes, 2.000%, 6/1/2025 | $2,063,480 | |
TOTAL | 55,230,111 | ||
Colorado—1.6% | |||
350,000 | Colorado Health Facilities Authority (Christian Living Communities), Revenue Refunding Bonds (Series 2016), 4.000%, 1/1/2021 | 350,000 | |
400,000 | Colorado Health Facilities Authority (Christian Living Communities), Revenue Refunding Bonds (Series 2016), 4.000%, 1/1/2022 | 408,228 | |
640,000 | Colorado Health Facilities Authority (Christian Living Communities), Revenue Refunding Bonds (Series 2016), 5.000%, 1/1/2023 | 677,894 | |
750,000 | Colorado Health Facilities Authority (Christian Living Communities), Revenue Refunding Bonds (Series 2016), 5.000%, 1/1/2024 | 813,368 | |
600,000 | Colorado Health Facilities Authority (Christian Living Communities), Revenue Refunding Bonds (Series 2016), 5.000%, 1/1/2025 | 660,318 | |
750,000 | Colorado Health Facilities Authority (Covenant Retirement Communities, Inc.), Revenue Refunding Bonds (Series 2015A), 5.000%, 12/1/2021 | 779,123 | |
250,000 | Colorado Health Facilities Authority (Covenant Retirement Communities, Inc.), Revenue Refunding Bonds (Series 2015A), 5.000%, 12/1/2022 | 269,940 | |
2,425,000 | Denver, CO City & County Department of Aviation (Denver, CO City & County Airport Authority), Airport System Revenue Bonds (Series 2020B-2) TOBs, 5.000%, Mandatory Tender 11/15/2025 | 2,906,338 | |
3,000,000 | Denver, CO City & County Department of Aviation (Denver, CO City & County Airport Authority), Airport System Revenue Refunding Bonds (Series 2019D) TOBs, 5.000%, Mandatory Tender 11/15/2022 | 3,259,710 | |
450,000 | E-470 Public Highway Authority, CO, Senior Revenue Bonds (Series 2020A), 5.000%, 9/1/2024 | 524,385 | |
280,000 | E-470 Public Highway Authority, CO, Senior Revenue Bonds (Series 2020A), 5.000%, 9/1/2025 | 337,882 | |
1,480,000 | E-470 Public Highway Authority, CO, Senior Revenue Bonds (Series 2020A), 5.000%, 9/1/2026 | 1,845,086 | |
2,000,000 | E-470 Public Highway Authority, CO, Senior Revenue Bonds (Series 2020A), 5.000%, 9/1/2027 | 2,559,260 | |
TOTAL | 15,391,532 | ||
Connecticut—1.4% | |||
1,000,000 | Connecticut State Special Transportation Fund, Special Tax Obligation Bonds Transportation Infrastructure Purposes (Series 2020A), 5.000%, 5/1/2028 | 1,301,080 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Connecticut—continued | |||
$2,600,000 | Connecticut State Special Transportation Fund, Special Tax Obligation Bonds Transportation Infrastructure Purposes (Series 2020A), 5.000%, 5/1/2029 | $3,461,380 | |
1,000,000 | Connecticut State Special Transportation Fund, Special Tax Obligation Bonds Transportation Infrastructure Purposes (Series 2020A), 5.000%, 5/1/2030 | 1,359,030 | |
1,500,000 | 1 | Connecticut State, UT GO SIFMA Index Bonds (Series 2013A) FRNs, 0.990% (SIFMA 7-day +0.900%), 3/1/2023 | 1,511,535 |
2,255,000 | 1 | Connecticut State, UT GO SIFMA Index Bonds (Series 2013A) FRNs, 1.040% (SIFMA 7-day +0.950%), 3/1/2024 | 2,275,115 |
4,000,000 | 1 | Connecticut State, UT GO SIFMA Index Bonds (Series 2013A) FRNs, 1.080% (SIFMA 7-day +0.990%), 3/1/2025 | 4,035,760 |
TOTAL | 13,943,900 | ||
Delaware—0.2% | |||
2,000,000 | Delaware Economic Development Authority (Delmarva Power and Light Co.), Gas Facilities Revenue Refunding Bonds (Series 2020A) TOBs, 1.050%, Mandatory Tender 7/1/2025 | 2,047,480 | |
Florida—1.7% | |||
575,000 | Broward County, FL Port Facilities, Revenue Refunding Bonds (Series 2011A), (Assured Guaranty Municipal Corp. INS), 5.000%, 9/1/2024 | 591,370 | |
1,500,000 | Citizens Property Insurance Corp. FL, Revenue Bonds (Series 2015A1), 5.000%, 6/1/2022 | 1,564,830 | |
1,500,000 | Citizens Property Insurance Corp. FL, Senior Secured Revenue Bonds (Series 2012 A-1), 5.000%, 6/1/2021 | 1,529,175 | |
1,195,000 | Halifax Hospital Medical Center, FL, Revenue Refunding Bonds, 5.000%, 6/1/2021 | 1,215,614 | |
1,000,000 | Halifax Hospital Medical Center, FL, Revenue Refunding Bonds, 5.000%, 6/1/2022 | 1,059,300 | |
1,245,000 | Hillsborough County, FL IDA (Tampa General Hospital), Hospital Revenue Refunding Bonds (Series 2012A), 5.000%, 10/1/2021 | 1,284,093 | |
1,300,000 | Hillsborough County, FL IDA (Tampa General Hospital), Hospital Revenue Refunding Bonds (Series 2012A), 5.000%, 10/1/2022 | 1,392,911 | |
2,000,000 | Miami-Dade County, FL Aviation, Aviation Revenue Refunding Bonds (Series 2020A), 5.000%, 10/1/2031 | 2,669,880 | |
3,265,000 | Palm Beach County, FL Health Facilities Authority (ACTS Retirement Life Communities, Inc.), Retirement Communities Revenue Bonds (Series 2016), 5.000%, 11/15/2021 | 3,381,267 | |
1,345,000 | Volusia County, FL Education Facility Authority (Stetson University, Inc.), Revenue Refunding Bonds (Series 2015), 5.000%, 6/1/2024 | 1,521,087 | |
TOTAL | 16,209,527 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Georgia—3.7% | |||
$1,000,000 | Atlanta, GA (Atlantic Station Project), Tax Allocation Refunding Bonds (Series 2017), 5.000%, 12/1/2022 | $1,070,190 | |
1,000,000 | Atlanta, GA (Atlantic Station Project), Tax Allocation Refunding Bonds (Series 2017), 5.000%, 12/1/2023 | 1,106,110 | |
800,000 | Atlanta, GA (Atlantic Station Project), Tax Allocation Refunding Bonds (Series 2017), 5.000%, 12/1/2024 | 913,040 | |
3,000,000 | Burke County, GA Development Authority (Georgia Power Co.), Vogtle Project Pollution Control Revenue Bonds (Fifth Series 1995) TOBs, 2.050%, Mandatory Tender 11/19/2021 | 3,043,050 | |
7,000,000 | 1 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2018B) FRNs, (Royal Bank of Canada GTD), 0.854% (1-month USLIBOR x 0.67 +0.750%), Mandatory Tender 9/1/2023 | 7,011,830 |
5,000,000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2018C) TOBs, (Royal Bank of Canada GTD), 4.000%, Mandatory Tender 12/1/2023 | 5,483,650 | |
5,300,000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2019B) TOBs, (Toronto Dominion Bank GTD), 4.000%, Mandatory Tender 12/2/2024 | 6,008,451 | |
5,500,000 | Monroe County, GA Development Authority Pollution Control (Georgia Power Co.), Scherer Plant Pollution Control Revenue Bonds (First Series 1995), 2.250%, 7/1/2025 | 5,675,340 | |
3,500,000 | Private Colleges & Universities Facilities of GA (Emory University), Revenue Bonds (Series 2020B), 5.000%, 9/1/2030 | 4,826,535 | |
850,000 | Savannah, GA EDA (International Paper Co.), Recovery Zone Facility Revenue Refunding Bonds (Series 2019A) TOBs, 2.000%, Mandatory Tender 10/1/2024 | 898,144 | |
TOTAL | 36,036,340 | ||
Illinois—5.5% | |||
1,000,000 | Chicago, IL Midway Airport, Second Lien Revenue & Refunding Bonds (Series 2014B), 5.000%, 1/1/2022 | 1,045,760 | |
1,500,000 | Chicago, IL Midway Airport, Second Lien Revenue Refunding Bonds (Series 2013C), 5.000%, 1/1/2022 | 1,568,640 | |
2,000,000 | Chicago, IL O’Hare International Airport, General Airport Senior Lien Revenue Refunding Bonds (Series 2015B), 5.000%, 1/1/2021 | 2,000,000 | |
500,000 | Chicago, IL O’Hare International Airport, General AirportSenior Lien Revenue Refunding Bonds (Series 2020B), 5.000%, 1/1/2024 | 567,785 | |
500,000 | Chicago, IL O’Hare International Airport, General AirportSenior Lien Revenue Refunding Bonds (Series 2020B), 5.000%, 1/1/2026 | 609,125 | |
500,000 | Chicago, IL O’Hare International Airport, General AirportSenior Lien Revenue Refunding Bonds (Series 2020B), 5.000%, 1/1/2028 | 638,540 | |
1,000,000 | Chicago, IL O’Hare International Airport, General AirportSenior Lien Revenue Refunding Bonds (Series 2020B), 5.000%, 1/1/2029 | 1,300,930 | |
1,000,000 | Chicago, IL O’Hare International Airport, General AirportSenior Lien Revenue Refunding Bonds (Series 2020B), 5.000%, 1/1/2030 | 1,321,550 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Illinois—continued | |||
$1,000,000 | Chicago, IL O’Hare International Airport, Revenue Refunding Bonds (Series 2015B), 5.000%, 1/1/2023 | $1,091,660 | |
1,135,000 | Chicago, IL Water Revenue, Second Lien Water Revenue Bonds (Series 2016A-1), 5.000%, 11/1/2023 | 1,263,482 | |
1,000,000 | Chicago, IL Water Revenue, Second Lien Water Revenue Refunding Bonds (Series 2004), 5.000%, 11/1/2021 | 1,035,860 | |
5,000,000 | Chicago, IL Water Revenue, Second Lien Water Revenue Refunding Bonds (Series 2004), 5.000%, 11/1/2022 | 5,366,800 | |
2,645,000 | Chicago, IL Water Revenue, Second Lien Water Revenue Refunding Bonds (Series 2004), 5.000%, 11/1/2023 | 2,944,414 | |
1,780,000 | Illinois Finance Authority (Admiral at the Lake), Revenue Refunding Bonds (Series 2017), 5.000%, 5/15/2022 | 1,793,404 | |
1,845,000 | Illinois Finance Authority (Admiral at the Lake), Revenue Refunding Bonds (Series 2017), 5.000%, 5/15/2023 | 1,866,162 | |
2,800,000 | Illinois Finance Authority (American Water Capital Corp.), Revenue Refunding Bonds (Series 2020) TOBs, 0.700%, Mandatory Tender 9/1/2023 | 2,796,864 | |
3,000,000 | Illinois Finance Authority (OSF Health Care Systems), Revenue Bonds (Series 2020A) TOBs, 5.000%, Mandatory Tender 11/15/2026 | 3,661,710 | |
1,200,000 | Illinois Finance Authority (Presbyterian Homes Obligated Group), Revenue Bonds (Series 2016A), 5.000%, 11/1/2021 | 1,237,776 | |
1,500,000 | Illinois Finance Authority (Presbyterian Homes Obligated Group), Revenue Bonds (Series 2016A), 5.000%, 11/1/2022 | 1,601,775 | |
1,800,000 | Illinois Finance Authority (Presbyterian Homes Obligated Group), Revenue Bonds (Series 2016A), 5.000%, 11/1/2023 | 1,984,122 | |
3,000,000 | 1 | Illinois Finance Authority (Presbyterian Homes Obligated Group), Revenue Bonds (Series 2016B) FRNs, 1.458% (1-month USLIBOR x 0.70 +1.350%), Mandatory Tender 5/1/2021 | 3,000,360 |
3,000,000 | Illinois Housing Development Authority (Century Woods), Multifamily Housing Revenue Bonds (Series 2019) TOBs, (GNMA COL), 1.900%, Mandatory Tender 10/1/2021 | 3,034,710 | |
1,750,000 | Illinois State, UT GO Bonds (Series 2020B), 5.500%, 5/1/2024 | 1,963,010 | |
1,500,000 | Illinois State, UT GO Refunding Bonds (Series 2018A), 5.000%, 10/1/2021 | 1,543,695 | |
2,000,000 | Illinois State, UT GO Refunding Bonds (Series 2018A), 5.000%, 10/1/2022 | 2,126,180 | |
1,000,000 | Illinois State, UT GO Refunding Bonds (Series 2018A), 5.000%, 10/1/2023 | 1,089,790 | |
2,300,000 | Illinois State, UT GO Refunding Bonds (Series 2018A), 5.000%, 10/1/2028 | 2,725,431 | |
1,925,000 | Railsplitter Tobacco Settlement Authority, IL, Tobacco Settlement Revenue Bonds (Series 2017), 5.000%, 6/1/2026 | 2,359,376 | |
TOTAL | 53,538,911 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Indiana—1.1% | |||
$725,000 | Ball State University, IN, Revenue Refunding Bonds (Series 2016), 5.000%, 7/1/2021 | $742,066 | |
500,000 | Ball State University, IN, Revenue Refunding Bonds (Series 2016), 5.000%, 7/1/2022 | 534,495 | |
1,000,000 | Indiana Municipal Power Agency, Revenue Refunding Bonds (Series 2016C), 5.000%, 1/1/2024 | 1,136,530 | |
1,000,000 | Indiana State Finance Authority Environmental (Indianapolis, IN Power & Light Co.), Environmental Facilities Refunding Revenue Bonds (Series 2020A) TOBs, 0.750%, Mandatory Tender 4/1/2026 | 1,004,800 | |
2,000,000 | Indiana State Finance Authority Environmental (Indianapolis, IN Power & Light Co.), Environmental Facilities Refunding Revenue Bonds (Series 2020B) TOBs, 0.950%, Mandatory Tender 4/1/2026 | 2,006,480 | |
1,000,000 | Indiana State Finance Authority Hospital Revenue (Beacon Health System Obligated Group), Hospital Revenue Bonds (Series 2013A), 5.000%, 8/15/2021 | 1,027,860 | |
4,000,000 | Rockport, IN PCR (Indiana Michigan Power Co.), Revenue Refunding Bonds (Series 2008D) TOBs, 2.050%, Mandatory Tender 6/1/2021 | 4,018,840 | |
TOTAL | 10,471,071 | ||
Iowa—0.1% | |||
1,040,000 | Ames, IA Hospital Revenue (Mary Greeley Medical Center), Revenue Refunding Bonds (Series 2016), 5.000%, 6/15/2023 | 1,152,278 | |
Kansas—0.4% | |||
2,000,000 | Holton, KS (Holton Community Hospital), Hospital Loan Anticipation Revenue Bonds (Series 2019), 2.500%, 7/1/2021 | 2,001,900 | |
1,000,000 | Wyandotte County, KS Unified Government Utility System, Improvement & Refunding Revenue Bonds (Series 2014-A), 5.000%, 9/1/2021 | 1,030,820 | |
1,000,000 | Wyandotte County, KS Unified Government Utility System, Revenue Bonds (Series 2016A), 5.000%, 9/1/2024 | 1,165,300 | |
TOTAL | 4,198,020 | ||
Kentucky—3.9% | |||
2,640,000 | Kentucky Bond Development Corp. (St. Elizabeth Medical Center), Hospital Facilities Revenue Refunding Bonds (Series 2016), 5.000%, 5/1/2024 | 3,020,239 | |
5,000,000 | Kentucky Economic Development Finance Authority (Catholic Health Initiatives), Revenue Bonds (Series 2009B) TOBs, 2.700%, Mandatory Tender 11/10/2021 | 5,077,050 | |
3,000,000 | Louisville & Jefferson County, KY Metropolitan Government (Louisville Gas & Electric Co.), Pollution Control Revenue Bonds (Series 2005A) TOBs, 1.750%, Mandatory Tender 7/1/2026 | 3,111,780 | |
4,000,000 | Louisville & Jefferson County, KY Metropolitan Government (Louisville Gas & Electric Co.), Revenue Refunding Bonds Series 2013A (Remarketing 4/1/19) TOBs, 1.850%, Mandatory Tender 4/1/2021 | 4,010,840 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Kentucky—continued | |||
$5,000,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds (Series 2018A) TOBs, (Morgan Stanley GTD), 4.000%, Mandatory Tender 4/1/2024 | $5,529,150 | |
4,000,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds (Series 2018B) TOBs, (BP PLC GTD), 4.000%, Mandatory Tender 1/1/2025 | 4,496,320 | |
9,000,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds (Series 2020A) TOBs, (BP PLC GTD), 4.000%, Mandatory Tender 6/1/2026 | 10,475,100 | |
2,250,000 | Trimble County, KY (Louisville Gas & Electric Co.), PCR Refunding Bonds (Series 2016A) TOBs, 1.300%, Mandatory Tender 9/1/2027 | 2,282,288 | |
TOTAL | 38,002,767 | ||
Louisiana—2.7% | |||
1,450,000 | East Baton Rouge Sewerage Commission, Revenue Refunding Bonds (Series 2020A), 5.000%, 2/1/2028 | 1,891,249 | |
750,000 | East Baton Rouge Sewerage Commission, Revenue Refunding Bonds (Series 2020A), 5.000%, 2/1/2030 | 1,023,668 | |
5,000,000 | Louisiana Local Government Environmental Facilities Community Development Authority (East Baton Rouge Sewerage Commission), Subordinate Lien Multi-Modal Revenue Refunding Bonds (Series 2020B) TOBs, 0.875%, Mandatory Tender 2/1/2025 | 5,010,450 | |
6,000,000 | Louisiana State Offshore Terminal Authority (Loop LLC), Deepwater Port Revenue Bonds (Series 2010B-1A) TOBs, 2.000%, Mandatory Tender 10/1/2022 | 6,058,500 | |
790,000 | New Orleans, LA Aviation Board, Revenue Bonds (Series 2015A), 5.000%, 1/1/2024 | 894,572 | |
3,765,000 | St. Charles Parish, LA Gulf Opportunity Zone (Valero Energy Corp.), Revenue Bonds (Series 2010) TOBs, 4.000%, Mandatory Tender 6/1/2022 | 3,909,237 | |
7,000,000 | St. John the Baptist Parish, LA (Marathon Oil Corp.), Revenue Refunding Bonds (Series 2017B-2) TOBs, 2.375%, Mandatory Tender 7/1/2026 | 7,283,990 | |
TOTAL | 26,071,666 | ||
Massachusetts—1.2% | |||
2,000,000 | Massachusetts Development Finance Agency (Harvard University), Revenue Refunding Bonds (Series 2020A), 5.000%, 10/15/2029 | 2,750,920 | |
1,000,000 | Massachusetts Development Finance Agency (Harvard University), Revenue Refunding Bonds (Series 2020A), 5.000%, 10/15/2030 | 1,407,810 | |
6,000,000 | Massachusetts State Development Finance Agency (Boston University), Revenue Bonds (Series 2019 DD-1) TOBs, 5.000%, Mandatory Tender 4/1/2024 | 6,727,500 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Massachusetts—continued | |||
$310,000 | Massachusetts State Housing Finance Agency Housing Revenue, SFM Revenue Bonds (Series 172), 4.000%, 6/1/2045 | $326,238 | |
TOTAL | 11,212,468 | ||
Michigan—2.0% | |||
5,000,000 | Michigan State Finance Authority Revenue (Great Lakes, MI Water Authority Water Supply System), Senior Lien Revenue Bonds (Series 2014 D-1), (Assured Guaranty Municipal Corp. INS), 5.000%, 7/1/2022 | 5,353,500 | |
2,500,000 | Michigan State Finance Authority Revenue (Great Lakes, MI Water Authority Water Supply System), Senior Lien Revenue Bonds (Series D-1), (Assured Guaranty Municipal Corp. INS), 5.000%, 7/1/2021 | 2,558,350 | |
1,205,000 | Michigan State Trunk Line, State Trunk Line Fund Refunding Bonds (Series 2020A), 5.000%, 11/15/2023 | 1,369,290 | |
1,000,000 | Michigan State Trunk Line, State Trunk Line Fund Refunding Bonds (Series 2020A), 5.000%, 11/15/2024 | 1,182,880 | |
3,500,000 | Michigan Strategic Fund (Detroit Edison Co.), Variable Rate Limited Obligation Revenue Refunding Bonds (Series 2008ET-2) TOBs, 1.450%, Mandatory Tender 9/1/2021 | 3,511,865 | |
750,000 | Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Senior Current Interest Bonds (Series 2020A Class 1), 5.000%, 6/1/2026 | 927,517 | |
2,000,000 | Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Senior Current Interest Bonds (Series 2020A Class 1), 5.000%, 6/1/2027 | 2,541,360 | |
500,000 | Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Senior Current Interest Bonds (Series 2020A Class 1), 5.000%, 6/1/2029 | 665,085 | |
1,000,000 | Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Senior Current Interest Bonds (Series 2020A Class 1), 5.000%, 6/1/2030 | 1,357,500 | |
TOTAL | 19,467,347 | ||
Minnesota—0.3% | |||
3,000,000 | 1 | Minnesota State HFA, Residential Housing Finance Bonds (Series 2018D) FRNs, 0.520% (SIFMA 7-day +0.430%), Mandatory Tender 7/3/2023 | 2,997,180 |
Mississippi—0.7% | |||
1,250,000 | Mississippi Business Finance Corp. (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2002) TOBs, 2.200%, Mandatory Tender 6/3/2024 | 1,318,725 | |
1,000,000 | Mississippi Business Finance Corp. (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2004) TOBs, 0.550%, Mandatory Tender 9/1/2021 | 999,350 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Mississippi—continued | |||
$4,000,000 | Warren County, MS Gulf Opportunity Zone (International Paper Co.), Revenue Refunding Bonds (Series 2020A) TOBs, 1.375%, Mandatory Tender 6/16/2025 | $4,151,960 | |
TOTAL | 6,470,035 | ||
Missouri—0.8% | |||
1,570,000 | Cape Girardeau County, MO IDA (St. Francis Medical Center, MO), Revenue Bonds (Series 2013A), 5.000%, 6/1/2022 | 1,667,685 | |
565,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2014A), 5.000%, 2/1/2021 | 566,616 | |
500,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016A), 5.000%, 2/1/2023 | 539,410 | |
800,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016B), 5.000%, 2/1/2021 | 802,288 | |
650,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016B), 5.000%, 2/1/2022 | 677,086 | |
1,200,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016B), 5.000%, 2/1/2023 | 1,294,584 | |
750,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016B), 5.000%, 2/1/2024 | 835,223 | |
850,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016B), 5.000%, 2/1/2025 | 973,972 | |
750,000 | Missouri State HEFA (Lutheran Senior Services), Senior Living Facilities Revenue Bonds (Series 2016B), 5.000%, 2/1/2026 | 877,740 | |
TOTAL | 8,234,604 | ||
Montana—0.5% | |||
4,710,000 | 1 | Montana Facility Finance Authority (Billings Clinic Obligated Group), Variable Rate Revenue Bonds (Series 2018C) FRNs, 0.640% (SIFMA 7-day +0.550%), Mandatory Tender 8/15/2023 | 4,719,279 |
Nevada—2.1% | |||
6,665,000 | Clark County, NV Airport System, Airport System Subordinate Lien Revenue Refunding Bonds (Series 2019A), 5.000%, 7/1/2026 | 8,256,802 | |
3,000,000 | Clark County, NV School District, LT GO Building Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 6/15/2028 | 3,889,590 | |
875,000 | Clark County, NV School District, LT GO Building Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 6/15/2030 | 1,174,617 | |
6,500,000 | Washoe County, NV Gas & Water Facilities Revenue (Sierra Pacific Power Co.), Refunding Revenue Bonds (Series 2016B) TOBs, 3.000%, Mandatory Tender 6/1/2022 | 6,734,780 | |
TOTAL | 20,055,789 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
New Hampshire—0.4% | |||
$4,000,000 | National Finance Authority, NH (Waste Management, Inc.), Solid Waste Disposal Refunding Revenue Bonds (Series 2019A-2) TOBs, 2.150%, Mandatory Tender 7/1/2024 | $4,202,680 | |
New Jersey—5.4% | |||
2,600,000 | Camden, NJ BANs, 1.500%, 8/12/2021 | 2,608,762 | |
5,000,000 | New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds (Series 2015 XX), 5.000%, 6/15/2022 | 5,324,150 | |
10,000,000 | 1 | New Jersey EDA (New Jersey State), School Facilities Construction Refunding SIFMA Index Bonds (Series 2013 I) FRNs, 1.340% (SIFMA 7-day +1.250%), 9/1/2025 | 9,878,000 |
1,000,000 | New Jersey EDA (New Jersey-American Water Co., Inc.), Water Facilities Refunding Revenue Bonds (Series 2020A), 1.000%, 6/1/2023 | 1,009,610 | |
2,000,000 | New Jersey EDA (New Jersey-American Water Co., Inc.), Water Facilities Refunding Revenue Bonds (Series 2020C), 1.150%, 6/1/2023 | 2,020,620 | |
4,075,000 | New Jersey EDA (New Jersey-American Water Co., Inc.), Water Facilities Refunding Revenue Bonds (Series 2020D) TOBs, 1.100%, Mandatory Tender 12/1/2027 | 4,094,927 | |
2,000,000 | New Jersey State, Covid-19 GO Emergency Bonds (Series 2020A), 5.000%, 6/1/2027 | 2,501,400 | |
1,000,000 | New Jersey State, Covid-19 GO Emergency Bonds (Series 2020A), 5.000%, 6/1/2028 | 1,274,800 | |
1,000,000 | New Jersey State, Covid-19 GO Emergency Bonds (Series 2020A), 5.000%, 6/1/2029 | 1,295,190 | |
1,000,000 | New Jersey Turnpike Authority, Revenue Bonds (Series 2017A), 5.000%, 1/1/2027 | 1,256,480 | |
5,000,000 | 1 | New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2017D-3) FRNs, 0.708% (1-month USLIBOR x 0.70 +0.600%), 1/1/2023 | 4,990,000 |
5,000,000 | 1 | New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2017D-4) FRNs, 0.808% (1-month USLIBOR x 0.70 +0.700%), 1/1/2024 | 4,998,700 |
600,000 | Newark, NJ, UT GO Qualified General Improvement Refunding Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 10/1/2025 | 718,080 | |
500,000 | Newark, NJ, UT GO Qualified General Improvement Refunding Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 10/1/2026 | 614,985 | |
625,000 | Newark, NJ, UT GO Qualified General Improvement Refunding Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 10/1/2027 | 786,006 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
New Jersey—continued | |||
$1,300,000 | Newark, NJ, UT GO Qualified General Improvement Refunding Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 10/1/2028 | $1,667,783 | |
500,000 | Newark, NJ, UT GO Qualified School Refunding Bonds (Series 2020B), (Assured Guaranty Municipal Corp. INS), 5.000%, 10/1/2024 | 578,450 | |
500,000 | Newark, NJ, UT GO Qualified School Refunding Bonds (Series 2020B), (Assured Guaranty Municipal Corp. INS), 5.000%, 10/1/2025 | 598,400 | |
1,000,000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Refunding Bonds (Series 2018A), 5.000%, 6/1/2022 | 1,066,020 | |
2,500,000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Refunding Bonds (Series 2018A), 5.000%, 6/1/2023 | 2,777,975 | |
2,000,000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Refunding Bonds (Series 2018A), 5.000%, 6/1/2024 | 2,310,140 | |
TOTAL | 52,370,478 | ||
New Mexico—1.0% | |||
3,500,000 | Farmington, NM (Public Service Co., NM), Pollution Control Revenue Refunding Bonds (Series 2010B) TOBs, 2.125%, Mandatory Tender 6/1/2022 | 3,573,010 | |
4,000,000 | Farmington, NM (Public Service Co., NM), Pollution Control Revenue Refunding Bonds San Juan Project (Series 2010D) TOBs, 1.100%, Mandatory Tender 6/1/2023 | 4,059,160 | |
2,200,000 | New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue Refunding and Acquisition Bonds (Series 2019A) TOBs, (Royal Bank of Canada GTD), 5.000%, Mandatory Tender 5/1/2025 | 2,602,512 | |
TOTAL | 10,234,682 | ||
New York—6.1% | |||
5,500,000 | Chautauqua County, NY Capital Resource Corporation (NRG Energy, Inc.), Exempt Facilities Revenue Refunding Bonds (Series 2020) TOBs, 1.300%, Mandatory Tender 4/3/2023 | 5,561,160 | |
4,000,000 | Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2019B) TOBs, 1.650%, Mandatory Tender 9/1/2024 | 4,156,400 | |
900,000 | Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2020A), 5.000%, 9/1/2028 | 1,192,095 | |
1,200,000 | Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2020A), 5.000%, 9/1/2029 | 1,624,308 | |
875,000 | Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2020A), 5.000%, 9/1/2030 | 1,210,536 | |
4,040,000 | Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2020B) TOBs, 0.850%, Mandatory Tender 9/1/2025 | 4,070,906 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
New York—continued | |||
$3,000,000 | 1 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Transportation Revenue Variable Rate Refunding Bonds (Series 2002D-A2) FRNs, (Assured Guaranty Municipal Corp. INS), 0.787% (1-month USLIBOR x 0.69 +0.680%), Mandatory Tender 4/6/2021 | $2,990,520 |
5,000,000 | 1 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Transportation Revenue Variable Rate Refunding Bonds (Series 2011B) FRNs, 0.654% (1-month USLIBOR x 0.67 +0.550%), Mandatory Tender 11/1/2022 | 4,842,850 |
3,000,000 | New York City Housing Development Corp., Sustainable Neighborhood Bonds (Series 2019B-2) TOBs, 2.100%, Mandatory Tender 7/3/2023 | 3,044,820 | |
1,000,000 | New York City, NY IDA (Yankee Stadium LLC), Pilot Revenue Refunding Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 3/1/2028 | 1,271,810 | |
1,500,000 | New York City, NY IDA (Yankee Stadium LLC), Pilot Revenue Refunding Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 3/1/2029 | 1,947,195 | |
1,600,000 | New York City, NY IDA (Yankee Stadium LLC), Pilot Revenue Refunding Bonds (Series 2020A), (Assured Guaranty Municipal Corp. INS), 5.000%, 3/1/2030 | 2,113,696 | |
1,960,000 | New York State HFA, Affordable Housing Revenue Bonds (Series 2019F Group 3) TOBs, (New York State Mortgage Agency GTD), 1.875%, Mandatory Tender 11/1/2021 | 1,961,215 | |
4,000,000 | New York State HFA, Affordable Housing Revenue Bonds (Series 2020J), 0.750%, 5/1/2025 | 4,003,200 | |
3,500,000 | New York State HFA, Affordable Housing Revenue Bonds (Series 2020K), 0.700%, 11/1/2024 | 3,507,070 | |
1,000,000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds (Series 2020A), 5.000%, 12/1/2025 | 1,181,730 | |
980,000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds (Series 2020A), 5.000%, 12/1/2026 | 1,182,988 | |
1,500,000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds (Series 2020A), 5.000%, 12/1/2029 | 1,898,250 | |
1,000,000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds (Series 2020C), 5.000%, 12/1/2026 | 1,224,310 | |
1,600,000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds (Series 2020C), 5.000%, 12/1/2028 | 2,033,344 | |
2,250,000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds (Series 2020C), 5.000%, 12/1/2029 | 2,903,085 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
New York—continued | |||
$4,000,000 | Suffolk County, NY, (Series I) TANs, 2.000%, 7/22/2021 | $4,025,480 | |
2,000,000 | Suffolk County, NY, (Series II) TANs, 2.000%, 8/19/2021 | 2,014,540 | |
TOTAL | 59,961,508 | ||
North Carolina—2.0% | |||
825,000 | Columbus County, NC Industrial Facilities & Pollution Control Financing Authority (International Paper Co.), Environmental Improvement Revenue Refunding Bonds (Series 2019A) TOBs, 2.000%, Mandatory Tender 10/1/2024 | 871,728 | |
965,000 | North Carolina HFA, Revenue Bonds (Series 2017 38-B), 4.000%, 7/1/2047 | 1,049,766 | |
1,875,000 | North Carolina State Grant Anticipation Revenue, Grant Anticipation Revenue Vehicle Bonds (Series 2019), 5.000%, 3/1/2025 | 2,239,256 | |
1,600,000 | North Carolina State Grant Anticipation Revenue, Grant Anticipation Revenue Vehicle Bonds (Series 2019), 5.000%, 3/1/2026 | 1,977,344 | |
4,500,000 | North Carolina State Turnpike Authority, Triangle Expressway System Senior Lien Turnpike Revenue Bonds (Series 2020), 5.000%, 2/1/2024 | 5,100,210 | |
1,750,000 | North Carolina State Turnpike Authority, Triangle Expressway System Senior Lien Turnpike Revenue Refunding Bonds (Series 2018), 5.000%, 1/1/2027 | 2,156,000 | |
1,000,000 | North Carolina State Turnpike Authority, Triangle Expressway System Senior Lien Turnpike Revenue Refunding Bonds (Series 2018), 5.000%, 1/1/2028 | 1,259,330 | |
2,000,000 | Wake County, NC, UT GO Refunding Bonds (Series 2020A), 5.000%, 4/1/2027 | 2,573,820 | |
1,000,000 | Wake County, NC, UT GO Refunding Bonds (Series 2020A), 5.000%, 4/1/2028 | 1,323,230 | |
500,000 | Wake County, NC, UT GO Refunding Bonds (Series 2020A), 5.000%, 4/1/2029 | 678,655 | |
TOTAL | 19,229,339 | ||
Ohio—2.7% | |||
3,500,000 | Allen County, OH (Bon Secours Mercy Health), Hospital Facilities Revenue Bonds (Series 2017B) TOBs, 2.150%, Mandatory Tender 5/5/2022 | 3,710,945 | |
1,350,000 | American Municipal Power-Ohio, Inc. (Combined Hydroelectric Projects), Revenue Refunding Bonds (Series 2020A), 5.000%, 2/15/2026 | 1,659,069 | |
1,600,000 | American Municipal Power-Ohio, Inc. (Combined Hydroelectric Projects), Revenue Refunding Bonds (Series 2020A), 5.000%, 2/15/2027 | 2,019,216 | |
1,750,000 | American Municipal Power-Ohio, Inc. (Combined Hydroelectric Projects), Revenue Refunding Bonds (Series 2020A), 5.000%, 2/15/2028 | 2,260,842 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Ohio—continued | |||
$1,500,000 | American Municipal Power-Ohio, Inc., Revenue Refunding Bonds (Series 2017A), 5.000%, 2/15/2025 | $1,779,555 | |
650,000 | Cleveland, OH (Cleveland, OH Water), Water Revenue Bonds (Series 2020FF), 5.000%, 1/1/2026 | 801,593 | |
950,000 | Cleveland, OH (Cleveland, OH Water), Water Revenue Bonds (Series 2020FF), 5.000%, 1/1/2027 | 1,207,099 | |
600,000 | Cleveland, OH (Cleveland, OH Water), Water Revenue Bonds (Series 2020FF), 5.000%, 1/1/2028 | 783,756 | |
1,100,000 | Cleveland, OH (Cleveland, OH Water), Water Revenue Bonds (Series 2020FF), 5.000%, 1/1/2029 | 1,470,788 | |
800,000 | Cleveland, OH (Cleveland, OH Water), Water Revenue Bonds (Series 2020FF), 5.000%, 1/1/2030 | 1,093,904 | |
500,000 | Hamilton County, OH Hospital Facilities Authority (UC Health ), Revenue Bonds (Series 2014), 5.000%, 2/1/2023 | 546,005 | |
3,500,000 | Lancaster, OH Port Authority, Gas Supply Revenue Refunding Bonds (Series 2019) TOBs, (Royal Bank of Canada GTD), 5.000%, Mandatory Tender 2/1/2025 | 4,101,615 | |
790,000 | Lorain County, OH, (Series B) BANs, 1.300%, 2/6/2021 | 790,403 | |
1,500,000 | Ohio State Air Quality Development Authority (American Electric Power Co., Inc.), Air Quality Revenue Refunding Bonds (Series 2014A) TOBs, 2.400%, Mandatory Tender 10/1/2029 | 1,589,565 | |
455,000 | Ohio State Hospital Revenue (University Hospitals Health System, Inc.), Hospital Revenue Bonds (Series 2020A), 5.000%, 1/15/2026 | 552,934 | |
345,000 | Ohio State Hospital Revenue (University Hospitals Health System, Inc.), Hospital Revenue Bonds (Series 2020A), 5.000%, 1/15/2027 | 430,705 | |
1,000,000 | Ohio State Hospital Revenue (University Hospitals Health System, Inc.), Hospital Revenue Bonds (Series 2020B) TOBs, 5.000%, Mandatory Tender 1/15/2025 | 1,167,840 | |
TOTAL | 25,965,834 | ||
Oklahoma—2.1% | |||
2,285,000 | Canadian County Educational Facilities Authority, OK (Mustang Public Schools), Educational Facilities Lease Revenue Bonds (Series 2012), 4.500%, 9/1/2021 | 2,348,112 | |
3,500,000 | Cleveland County, OK Educational Facilities Authority (Norman Public Schools), Educational Facilities Lease Revenue Bonds (Series 2019), 5.000%, 6/1/2024 | 3,994,865 | |
3,200,000 | Cleveland County, OK Educational Facilities Authority (Norman Public Schools), Educational Facilities Lease Revenue Bonds (Series 2019), 5.000%, 6/1/2025 | 3,781,024 | |
5,000,000 | Oklahoma Development Finance Authority (Gilcrease Developers, LLC), Limited Obligation Revenue Bonds (Series 2020), 1.625%, 7/6/2023 | 5,004,100 | |
1,850,000 | Oklahoma Development Finance Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2004A), 2.375%, 12/1/2021 | 1,875,733 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Oklahoma—continued | |||
$1,000,000 | Oklahoma State Turnpike Authority, Second Senior Revenue Refunding Bonds (Series 2020A), 5.000%, 1/1/2028 | $1,305,460 | |
1,000,000 | Oklahoma State Turnpike Authority, Second Senior Revenue Refunding Bonds (Series 2020A), 5.000%, 1/1/2030 | 1,367,380 | |
1,000,000 | Tulsa County, OK Industrial Authority (Broken Arrow Public Schools), Educational Facilities Lease Revenue Bonds (Series 2016), 5.000%, 9/1/2022 | 1,079,290 | |
TOTAL | 20,755,964 | ||
Oregon—1.3% | |||
1,450,000 | Port of Portland, OR Airport, Portland International Airport Revenue Bonds (Series Twenty-Seven A), 5.000%, 7/1/2026 | 1,770,842 | |
1,700,000 | Port of Portland, OR Airport, Portland International Airport Revenue Bonds (Series Twenty-Seven A), 5.000%, 7/1/2027 | 2,121,974 | |
1,600,000 | Port of Portland, OR Airport, Portland International Airport Revenue Bonds (Series Twenty-Seven A), 5.000%, 7/1/2028 | 2,034,112 | |
2,635,000 | Port of Portland, OR Airport, Portland International Airport Revenue Bonds (Series Twenty-Seven A), 5.000%, 7/1/2029 | 3,408,267 | |
2,400,000 | Port of Portland, OR Airport, Portland International Airport Revenue Bonds (Series Twenty-Seven A), 5.000%, 7/1/2030 | 3,156,792 | |
TOTAL | 12,491,987 | ||
Pennsylvania—6.0% | |||
850,000 | Allegheny County, PA Sanitation Authority, Sewer Revenue Refunding Bonds (Series 2016), (Assured Guaranty Municipal Corp. INS), 5.000%, 12/1/2025 | 1,048,773 | |
2,000,000 | Berks County, PA Municipal Authority (Tower Health), Revenue Bonds (Series 2020B-1) TOBs, 5.000%, Mandatory Tender 2/1/2025 | 2,163,480 | |
270,000 | Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015), (United States Treasury COL), 5.000%, 1/1/2021 | 270,000 | |
1,730,000 | Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015), 5.000%, 1/1/2021 | 1,730,000 | |
1,115,000 | Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series of 2016), 5.000%, 1/1/2022 | 1,151,037 | |
1,155,000 | Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series of 2016), 5.000%, 1/1/2024 | 1,261,017 | |
500,000 | East Hempfield Township, PA IDA (Willow Valley Retirement Communities), Revenue & Revenue Refunding Bonds (Series 2016), 5.000%, 12/1/2022 | 537,110 | |
750,000 | East Hempfield Township, PA IDA (Willow Valley Retirement Communities), Revenue & Revenue Refunding Bonds (Series 2016), 5.000%, 12/1/2023 | 832,995 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Pennsylvania—continued | |||
$12,500,000 | 1 | Geisinger Authority, PA Health System (Geisinger Health System), Health System Revenue Bonds (Series 2014B) FRNs, 1.166% (1-month USLIBOR x 0.67 +1.070%), Mandatory Tender 6/1/2024 | $12,590,375 |
5,000,000 | Lehigh County, PA IDA (PPL Electric Utilities Corp.), Pollution Control Revenue Refunding Bonds (Series 2016A) TOBs, 1.800%, Mandatory Tender 9/1/2022 | 5,113,700 | |
2,250,000 | 1 | Montgomery County, PA Higher Education & Health Authority Hospital (Thomas Jefferson University), Revenue Bonds (Series 2018C) FRNs, 0.810% (SIFMA 7-day +0.720%), Mandatory Tender 9/1/2023 | 2,250,067 |
1,000,000 | 1 | Northampton County, PA General Purpose Authority (St. Luke’s University Health Network), Variable Rate Hospital Revenue Bonds (Series 2018B) FRNs, 1.148% (1-month USLIBOR x 0.70 +1.040%), Mandatory Tender 8/15/2024 | 1,003,620 |
6,500,000 | Pennsylvania Economic Development Financing Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2011) TOBs, 2.150%, Mandatory Tender 7/1/2024 | 6,854,250 | |
2,000,000 | Pennsylvania Economic Development Financing Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2017A) TOBs, 0.700%, Mandatory Tender 8/2/2021 | 2,000,580 | |
2,000,000 | Pennsylvania EDFA (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2004A), 1.850%, 11/1/2021 | 2,016,680 | |
2,000,000 | 1 | Pennsylvania HFA, SFM Revenue Bonds (Series 2018-127C) FRNs, 0.673% (1-month USLIBOR x 0.70 +0.570%), Mandatory Tender 10/1/2023 | 2,000,600 |
1,500,000 | Pennsylvania State Higher Education Facilities Authority (University of the Sciences in Philadelphia), Revenue Refunding Bonds (Series 2015A), 5.000%, 11/1/2023 | 1,635,375 | |
250,000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2020B), 5.000%, 12/1/2026 | 316,548 | |
400,000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2020B), 5.000%, 12/1/2027 | 520,728 | |
500,000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2020B), 5.000%, 12/1/2028 | 667,660 | |
750,000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2020B), 5.000%, 12/1/2029 | 1,025,250 | |
525,000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2020B), 5.000%, 12/1/2030 | 732,816 | |
5,000,000 | 1 | Pennsylvania State Turnpike Commission, Variable Rate Turnpike Revenue Bonds (SIFMA Index Bonds)(Series 2014B) FRNs, 1.070% (SIFMA 7-day +0.980%), 12/1/2021 | 5,013,450 |
1,700,000 | Philadelphia, PA Gas Works, 1998 General Ordinance Revenue Refunding Bonds (14th Series 2016), 5.000%, 10/1/2021 | 1,756,729 | |
1,000,000 | Philadelphia, PA, GO Bonds (Series 2019B), 5.000%, 2/1/2025 | 1,178,440 | |
1,000,000 | Philadelphia, PA, GO Bonds (Series 2019B), 5.000%, 2/1/2026 | 1,218,520 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Pennsylvania—continued | |||
$1,250,000 | Philadelphia, PA, GO Bonds (Series 2019B), 5.000%, 2/1/2027 | $1,566,575 | |
TOTAL | 58,456,375 | ||
Rhode Island—1.1% | |||
2,250,000 | Rhode Island State Health and Educational Building Corp. (Lifespan Obligated Group), Hospital Financing Revenue Refunding Bonds (Series 2016), 5.000%, 5/15/2021 | 2,280,600 | |
2,250,000 | Rhode Island State Health and Educational Building Corp. (Lifespan Obligated Group), Hospital Financing Revenue Refunding Bonds (Series 2016), 5.000%, 5/15/2022 | 2,364,750 | |
2,000,000 | Rhode Island State Health and Educational Building Corp. (Lifespan Obligated Group), Hospital Financing Revenue Refunding Bonds (Series 2016), 5.000%, 5/15/2023 | 2,174,140 | |
3,285,000 | Rhode Island State Health and Educational Building Corp. (Lifespan Obligated Group), Hospital Financing Revenue Refunding Bonds (Series 2016), 5.000%, 5/15/2024 | 3,685,277 | |
TOTAL | 10,504,767 | ||
South Carolina—1.0% | |||
7,200,000 | Laurens County, SC Water and Sewer Commission, Waterworks Distribution System Bond Anticipation Notes (Series 2020), (United States Treasury PRF 7/1/2021@100), 1.375%, 2/1/2022 | 7,236,720 | |
2,000,000 | South Carolina Public Service Company (Santee Cooper), Revenue Refunding and Improvement Bonds (Series 2020A), 5.000%, 12/1/2031 | 2,720,320 | |
TOTAL | 9,957,040 | ||
South Dakota—0.1% | |||
750,000 | Educational Enhancement Funding Corp., SD, Tobacco Settlement Revenue Bonds (Series 2013B), 5.000%, 6/1/2023 | 827,610 | |
Tennessee—1.4% | |||
11,300,000 | Tennergy Corp., TN Gas Revenue, Gas Supply Revenue Bonds (Series 2019A) TOBs, (Royal Bank of Canada GTD), 5.000%, Mandatory Tender 10/1/2024 | 13,117,605 | |
300,000 | Tennessee Housing Development Agency, Revenue Refunding Bonds (Series 220142C), 4.000%, 1/1/2045 | 318,609 | |
TOTAL | 13,436,214 | ||
Texas—14.7% | |||
1,500,000 | Alvin, TX Independent School District, Variable Rate Unlimited Tax Schoolhouse Bonds (Series 2014B) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 0.450%, Mandatory Tender 8/15/2023 | 1,498,380 | |
600,000 | Austin, TX Airport System, Revenue Bonds (Series 2019B), 5.000%, 11/15/2024 | 699,888 | |
650,000 | Austin, TX Airport System, Revenue Bonds (Series 2019B), 5.000%, 11/15/2025 | 783,848 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Texas—continued | |||
$1,000,000 | Austin, TX Airport System, Revenue Bonds (Series 2019B), 5.000%, 11/15/2026 | $1,237,710 | |
1,400,000 | Central Texas Regional Mobility Authority, Senior Lien Revenue Refunding Bonds (Series 2013A), 5.000%, 1/1/2021 | 1,400,000 | |
3,000,000 | Central Texas Regional Mobility Authority, Subordinate Lien Revenue Bond Anticipation Notes (Series 2020F), 5.000%, 1/1/2025 | 3,448,320 | |
1,500,000 | Dallas, TX Area Rapid Transit, Senior Lien Sales Tax Revenue Refunding Bonds (Series 2016B), 5.000%, 12/1/2022 | 1,636,875 | |
9,000,000 | Denton, TX Independent School District, Variable Rate UT GO School Building Bonds (Series 2014-B) TOBs, (Texas Permanent School Fund Guarantee Program INS), 2.000%, Mandatory Tender 8/1/2024 | 9,514,890 | |
6,580,000 | Eagle Mountain-Saginaw, TX Independent School District, Variable Rate Unlimited Tax School Building Bonds (Series 2011) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.000%, Mandatory Tender 8/1/2024 | 6,918,015 | |
3,000,000 | Eanes, TX Independent School District, Variable Rate UT School Building Bonds (Series 2019B) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 1.750%, Mandatory Tender 8/1/2025 | 3,118,950 | |
5,920,000 | Fort Bend, TX Independent School District, UT GO Refunding Bonds (Series 2019A) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 1.950%, Mandatory Tender 8/1/2022 | 6,073,091 | |
2,500,000 | Fort Bend, TX Independent School District, Variable Rate Unlimited Tax School Building and Refunding Bonds (Series 2020B) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 0.875%, Mandatory Tender 8/1/2025 | 2,532,050 | |
2,500,000 | Georgetown, TX Independent School District, Variable Rate Unlimited Tax School Building Bonds (Series 2019B) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.750%, Mandatory Tender 8/1/2022 | 2,596,000 | |
2,900,000 | Harlandale, TX Independent School District, Fixed and Variable Rate Unlimited Tax Refunding Bonds (Series 2020) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 0.750%, Mandatory Tender 8/15/2025 | 2,900,290 | |
5,635,000 | 1 | Harris County, TX Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Hospital Revenue Refunding Bonds (Series 2013B) FRNs, 0.990% (SIFMA 7-day +0.900%), 6/1/2022 | 5,660,357 |
4,500,000 | 1 | Harris County, TX Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Hospital Revenue Refunding Bonds (Series 2013B) FRNs, 1.040% (SIFMA 7-day +0.950%), 6/1/2023 | 4,532,670 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Texas—continued | |||
$5,685,000 | 1 | Harris County, TX Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Hospital Revenue Refunding Bonds (Series 2013B) FRNs, 1.140% (SIFMA 7-day +1.050%), 6/1/2024 | $5,752,310 |
5,000,000 | Harris County, TX Education Facilities Finance Corp. (Texas Children’s Hospital), Hospital Revenue Bonds (Series 2019B) TOBs, 5.000%, Mandatory Tender 10/1/2024 | 5,861,300 | |
3,000,000 | Harris County, TX Education Facilities Finance Corp. (Texas Medical Center), Revenue Bonds (Series 2020A) TOBs, 0.900%, Mandatory Tender 5/15/2025 | 3,004,110 | |
2,000,000 | Hutto, TX Independent School District, Unlimited Tax School Building Bonds (Series 2017) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.000%, Mandatory Tender 8/1/2025 | 2,141,040 | |
1,905,000 | 1 | Irving, TX Hospital Authority (Baylor Scott & White Medical Center, Irving), Hospital Revenue Bonds (Series 2017B) FRNs, 1.190% (SIFMA 7-day +1.100%), Mandatory Tender 10/15/2023 | 1,878,673 |
1,500,000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds (Series 2019), 5.000%, 5/15/2024 | 1,731,555 | |
1,000,000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds (Series 2019), 5.000%, 5/15/2025 | 1,198,350 | |
750,000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds (Series 2019), 5.000%, 5/15/2026 | 929,220 | |
1,000,000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds (Series 2019), 5.000%, 5/15/2027 | 1,273,430 | |
1,000,000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds (Series 2019), 5.000%, 5/15/2028 | 1,304,800 | |
1,000,000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds (Series 2020), 5.000%, 5/15/2025 | 1,198,350 | |
1,250,000 | Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds (Series 2020), 5.000%, 5/15/2026 | 1,548,700 | |
2,300,000 | Matagorda County, TX Navigation District No. 1 (AEP Texas, Inc.), Pollution Control Revenue Refunding Bonds (Series 2001A), 2.600%, 11/1/2029 | 2,501,066 | |
7,535,000 | Midlothian, TX Independent School District, Variable Rate Unlimited Tax Refunding Bonds (Series 2013C) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.000%, Mandatory Tender 8/1/2024 | 7,935,787 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Texas—continued | |||
$3,000,000 | Midlothian, TX Independent School District, Variable Rate Unlimited Tax School Building Bonds (Series 2017B) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.000%, Mandatory Tender 8/1/2023 | $3,118,740 | |
855,000 | New Hope Cultural Education Facilities Finance Corporation (Longhorn Village), Retirement Facilities Revenue Bonds (Series 2017), 5.000%, 1/1/2022 | 878,376 | |
945,000 | New Hope Cultural Education Facilities Finance Corporation (Longhorn Village), Retirement Facilities Revenue Bonds (Series 2017), 5.000%, 1/1/2024 | 1,018,578 | |
980,000 | New Hope Cultural Education Facilities Finance Corporation (Longhorn Village), Retirement Facilities Revenue Bonds (Series 2017), 5.000%, 1/1/2025 | 1,078,333 | |
735,000 | New Hope Cultural Education Facilities Finance Corporation (Westminster Manor), Revenue Bonds (Series 2016), 4.000%, 11/1/2021 | 753,735 | |
500,000 | New Hope Cultural Education Facilities Finance Corporation (Westminster Manor), Revenue Bonds (Series 2016), 5.000%, 11/1/2023 | 553,590 | |
625,000 | New Hope Cultural Education Facilities Finance Corporation (Westminster Manor), Revenue Bonds (Series 2016), 5.000%, 11/1/2024 | 712,700 | |
1,105,000 | New Hope Cultural Education Facilities Finance Corporation (Westminster Manor), Revenue Bonds (Series 2016), 5.000%, 11/1/2025 | 1,276,629 | |
1,500,000 | North East, TX Independent School District, Variable Rate UT GO Refunding Bonds (Series 2019) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.200%, Mandatory Tender 8/1/2024 | 1,582,725 | |
1,400,000 | North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2017A), 5.000%, 1/1/2025 | 1,526,350 | |
2,000,000 | North Texas Tollway Authority, Second Tier Revenue Refunding Bonds (Series 2019B), 5.000%, 1/1/2025 | 2,358,480 | |
2,500,000 | North Texas Tollway Authority, Second Tier Revenue Refunding Bonds (Series 2019B), 5.000%, 1/1/2026 | 3,055,275 | |
2,500,000 | North Texas Tollway Authority, Second Tier Revenue Refunding Bonds (Series 2019B), 5.000%, 1/1/2027 | 3,139,525 | |
7,945,000 | Northside, TX Independent School District, Variable Rate UT GO School Building and Refunding Bonds (Series 2019) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 1.600%, Mandatory Tender 8/1/2024 | 8,243,732 | |
6,000,000 | Pflugerville, TX Independent School District, Variable Rate UT School Building Bonds (Series 2019B) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.500%, Mandatory Tender 8/15/2023 | 6,333,120 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Texas—continued | |||
$2,500,000 | �� | Prosper, TX Independent School District, Adjustable Rate UT School Building Bonds (Series 2019B) TOBs, (Texas Permanent School Fund Guarantee Program GTD), 2.000%, Mandatory Tender 8/15/2023 | $2,607,675 |
550,000 | Sam Rayburn, TX Municipal Power Agency, Power Supply System Revenue Refunding Bonds (Series 2012), 5.000%, 10/1/2021 | 569,145 | |
7,500,000 | San Antonio, TX Electric & Gas System, Variable Rate Junior Lien Revenue Refunding Bonds (Series 2020) TOBs, 1.750%, Mandatory Tender 12/1/2025 | 7,895,325 | |
4,000,000 | San Antonio, TX Water System, Water System Variable Rate Junior Lien Revenue Bonds (Series 2019A) TOBs, 2.625%, Mandatory Tender 5/1/2024 | 4,295,680 | |
TOTAL | 143,807,738 | ||
Utah—0.5% | |||
4,000,000 | Utah County, UT Hospital Revenue (IHC Health Services, Inc.), Revenue Bonds (Series 2020 B-2) TOBs, 5.000%, Mandatory Tender 8/1/2026 | 4,979,960 | |
Virginia—2.2% | |||
4,500,000 | Chesapeake Bay Bridge & Tunnel District, VA, First Tier General Resolution Revenue Bonds Anticipation Notes (Series 2019), 5.000%, 11/1/2023 | 5,029,515 | |
7,500,000 | Louisa, VA IDA (Virginia Electric & Power Co.), PCR Refunding Bonds (Series 2008A) TOBs, 1.900%, Mandatory Tender 6/1/2023 | 7,777,575 | |
2,500,000 | Virginia State Public Building Authority Public Facilities, Public Facilities Revenue Refunding Bonds (Series 2020B), 5.000%, 8/1/2025 | 3,040,750 | |
1,500,000 | Virginia State Public Building Authority Public Facilities, Public Facilities Revenue Refunding Bonds (Series 2020B), 5.000%, 8/1/2030 | 2,087,955 | |
3,750,000 | Wise County, VA IDA (Virginia Electric & Power Co.), (Series 2010A) TOBs, 1.200%, Mandatory Tender 5/31/2024 | 3,837,750 | |
TOTAL | 21,773,545 | ||
Washington—3.1% | |||
1,000,000 | Energy Northwest, WA, Columbia Generating Station Electric Revenue Refunding Bonds (Series 2020A), 5.000%, 7/1/2030 | 1,384,830 | |
2,000,000 | Energy Northwest, WA, Project 1 Electric Revenue Refunding Bonds (Series 2017-A), 5.000%, 7/1/2026 | 2,141,600 | |
1,250,000 | Energy Northwest, WA, Project 1 Electric Revenue Refunding Bonds (Series 2020A), 5.000%, 7/1/2027 | 1,612,863 | |
1,000,000 | Energy Northwest, WA, Project 1 Electric Revenue Refunding Bonds (Series 2020A), 5.000%, 7/1/2028 | 1,323,460 | |
1,750,000 | Port of Seattle, WA Revenue, Intermediate Lien Revenue Bonds (Series 2019), 5.000%, 4/1/2022 | 1,850,275 |
Principal Amount | Value | ||
MUNICIPAL BONDS—continued | |||
Washington—continued | |||
$2,000,000 | Port of Seattle, WA Revenue, Intermediate Lien Revenue Bonds (Series 2019), 5.000%, 4/1/2023 | $2,190,080 | |
1,500,000 | Port of Seattle, WA Revenue, Intermediate Lien Revenue Bonds (Series 2019), 5.000%, 4/1/2024 | 1,701,915 | |
1,825,000 | Port of Seattle, WA Revenue, Intermediate Lien Revenue Bonds (Series 2019), 5.000%, 4/1/2025 | 2,140,104 | |
2,000,000 | Port of Seattle, WA Revenue, Intermediate Lien Revenue Bonds (Series 2019), 5.000%, 4/1/2026 | 2,408,900 | |
2,000,000 | 1 | Seattle, WA Municipal Light & Power, Refunding Revenue Bonds—SIFMA Index (Series 2018C) FRNs, 0.580% (SIFMA 7-day +0.490%), Mandatory Tender 11/1/2023 | 2,006,360 |
1,500,000 | Seattle, WA Municipal Light & Power, Revenue Refunding Bonds (Series 2016C), 5.000%, 10/1/2023 | 1,695,915 | |
3,760,000 | 1 | Washington State Health Care Facilities Authority (Fred Hutchinson Cancer Research Center), Variable Rate LIBOR Index Revenue Bonds (Series 2017B) FRNs, 1.198% (1-month USLIBOR x 0.67 +1.100%), Mandatory Tender 7/1/2022 | 3,773,498 |
3,000,000 | 1 | Washington State Health Care Facilities Authority (Fred Hutchinson Cancer Research Center), Variable Rate SIFMA Index Revenue Bonds (Series 2017C) FRNs, 1.140% (SIFMA 7-day +1.050%), Mandatory Tender 7/3/2023 | 3,028,290 |
3,000,000 | Washington State Health Care Facilities Authority (Providence St. Joseph Health), Revenue Bonds (Series 2012B) TOBs, 5.000%, Mandatory Tender 10/1/2021 | 3,104,880 | |
TOTAL | 30,362,970 | ||
West Virginia—0.4% | |||
4,000,000 | West Virginia EDA Solid Waste Disposal Facilities (Appalachian Power Co.), Revenue Refunding Bonds Amos Project (Series 2015A) TOBs, 2.550%, Mandatory Tender 4/1/2024 | 4,260,200 | |
Wyoming—0.3% | |||
3,000,000 | Sweetwater County, WY PCRB (Idaho Power Co.), PCR Refunding Bonds (Series 2006), 1.700%, 7/15/2026 | 3,139,380 | |
TOTAL MUNICIPAL BONDS (IDENTIFIED COST $865,598,732) | 889,487,896 | ||
1 | SHORT-TERM MUNICIPALS—8.0% | ||
Alabama—0.1% | |||
900,000 | West Jefferson, AL IDB Solid Waste Disposal (Alabama Power Co.), (Series 2008) Daily VRDNs, 0.140%, 1/1/2021 | 900,000 | |
California—3.5% | |||
17,600,000 | Nuveen California AMT-Free Quality Municipal Income Fund, (Series A) Weekly VRDNs, 0.510%, 1/1/2021 | 17,600,000 | |
6,700,000 | Nuveen California Quality Municipal Income Fund, PUTTERs 3a-7 (Series 5038) (VRDP Series 5) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ), 0.240%, 1/1/2021 | 6,700,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS—continued | ||
California—continued | |||
$10,000,000 | San Francisco, CA City and County (1500 Mission Urban Housing LP), SPEARs 3a7 (Series DBE-8059) VRDNs, (Deutsche Bank AG LIQ)/(Deutsche Bank AG LOC), 0.690%, 1/7/2021 | $10,000,000 | |
TOTAL | 34,300,000 | ||
Florida—0.3% | |||
3,100,000 | Jacksonville, FL HFA (Millennia Jacksonville TC LP), SPEARs (Series DBE-8055) VRDNs, (Deutsche Bank AG LIQ)/(Deutsche Bank AG LOC), 0.690%, 1/7/2021 | 3,100,000 | |
Georgia—0.6% | |||
1,600,000 | Burke County, GA Development Authority (Georgia Power Co.), (1st Series 2009) Daily VRDNs, 0.110%, 1/1/2021 | 1,600,000 | |
1,600,000 | Burke County, GA Development Authority (Georgia Power Co.), (2018 1st Series) Daily VRDNs, 0.140%, 1/1/2021 | 1,600,000 | |
2,900,000 | Monroe County, GA Development Authority Pollution Control (Gulf Power Co.), (First Series of 2002) Daily VRDNs, 0.140%, 1/1/2021 | 2,900,000 | |
TOTAL | 6,100,000 | ||
Louisiana—0.5% | |||
4,495,000 | Calcasieu Parish, LA Public Trust Authority (Le Jolliet LP), SPEARs 3a7 (Series DBE-8060) VRDNs, (Deutsche Bank AG LIQ)/(Deutsche Bank AG LOC), 0.690%, 1/7/2021 | 4,495,000 | |
New York—0.2% | |||
1,850,000 | New York City, NY, (Series B-3) Weekly VRENs, 0.330%, 1/1/2021 | 1,850,000 | |
Texas—2.3% | |||
1,500,000 | Port of Corpus Christi Authority of Nueces County, TX (Flint Hills Resources LLC), (Series 2002A) Weekly VRDNs, 0.220%, 1/6/2021 | 1,500,000 | |
1,300,000 | Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010A) Daily VRDNs, 0.170%, 1/1/2021 | 1,300,000 | |
15,375,000 | Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010C) Daily VRDNs, 0.180%, 1/1/2021 | 15,375,000 | |
4,600,000 | Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010D) Weekly VRDNs, 0.230%, 1/6/2021 | 4,600,000 | |
TOTAL | 22,775,000 |
Principal Amount | Value | ||
1 | SHORT-TERM MUNICIPALS—continued | ||
Wisconsin—0.5% | |||
$4,500,000 | Wisconsin State HEFA (Marshfield Clinic), (Series 2020C) Weekly VRENs, 0.250%, 1/7/2021 | $4,500,000 | |
TOTAL SHORT-TERM MUNICIPALS (IDENTIFIED COST $78,020,000) | 78,020,000 | ||
TOTAL INVESTMENT IN SECURITIES—99.2% (IDENTIFIED COST $943,618,732)3 | 967,507,896 | ||
OTHER ASSETS AND LIABILITIES - NET—0.8%4 | 7,984,340 | ||
TOTAL NET ASSETS—100% | $975,492,236 |
BANs | —Bond Anticipation Notes |
COL | —Collateralized |
EDA | —Economic Development Authority |
EDFA | —Economic Development Finance Authority |
FRNs | —Floating Rate Notes |
GNMA | —Government National Mortgage Association |
GO | —General Obligation |
GTD | —Guaranteed |
HEFA | —Health and Education Facilities Authority |
HFA | —Housing Finance Authority |
IDA | —Industrial Development Authority |
IDB | —Industrial Development Bond |
INS | —Insured |
LIBOR | —London Interbank Offered Rate |
LIQ | —Liquidity Agreement |
LOC | —Letter of Credit |
LT | —Limited Tax |
PCR | —Pollution Control Revenue |
PRF | —Pre refunded |
PUTTERs | —Puttable Tax-Exempt Receipts |
SFM | —Single Family Mortgage |
SIFMA | —Securities Industry and Financial Markets Association |
SPEARs | —Short Puttable Exempt Adjustable Receipts |
TANs | —Tax Anticipation Notes |
TOBs | —Tender Option Bonds |
UT | —Unlimited Tax |
VRDNs | —Variable Rate Demand Notes |
VRDPs | —Variable Rate Demand Purchases |
VRENs | —Variable Rate Extendible Notes |
Six Months Ended (unaudited) 12/31/2020 | Year Ended June 30, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $10.25 | $10.30 | $10.22 | $10.27 | $10.35 | $10.32 |
Income From Investment Operations: | ||||||
Net investment income | 0.05 | 0.13 | 0.14 | 0.11 | 0.09 | 0.09 |
Net realized and unrealized gain (loss) | 0.14 | (0.05) | 0.08 | (0.05) | (0.08) | 0.03 |
TOTAL FROM INVESTMENT OPERATIONS | 0.19 | 0.08 | 0.22 | 0.06 | 0.01 | 0.12 |
Less Distributions: | ||||||
Distributions from net investment income | (0.05) | (0.13) | (0.14) | (0.11) | (0.09) | (0.09) |
Net Asset Value, End of Period | $10.39 | $10.25 | $10.30 | $10.22 | $10.27 | $10.35 |
Total Return1 | 1.83% | 0.81% | 2.20% | 0.60% | 0.09% | 1.12% |
Ratios to Average Net Assets: | ||||||
Net expenses2 | 0.71%3 | 0.81%4 | 0.96%4 | 0.96%4 | 0.96% | 0.96% |
Net investment income | 1.89%3 | 1.30% | 1.41% | 1.07% | 0.86% | 0.83% |
Expense waiver/reimbursement5 | 0.10%3 | 0.11% | 0.10% | 0.09% | 0.08% | 0.08% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $405,926 | $250,177 | $178,706 | $178,414 | $228,127 | $314,598 |
Portfolio turnover | 7% | 49% | 39% | 18% | 32% | 15% |
Six Months Ended (unaudited) 12/31/2020 | Year Ended June 30, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $10.24 | $10.30 | $10.21 | $10.26 | $10.35 | $10.32 |
Income From Investment Operations: | ||||||
Net investment income | 0.06 | 0.17 | 0.19 | 0.16 | 0.14 | 0.14 |
Net realized and unrealized gain (loss) | 0.15 | (0.06) | 0.09 | (0.05) | (0.09) | 0.03 |
TOTAL FROM INVESTMENT OPERATIONS | 0.21 | 0.11 | 0.28 | 0.11 | 0.05 | 0.17 |
Less Distributions: | ||||||
Distributions from net investment income | (0.06) | (0.17) | (0.19) | (0.16) | (0.14) | (0.14) |
Net Asset Value, End of Period | $10.39 | $10.24 | $10.30 | $10.21 | $10.26 | $10.35 |
Total Return1 | 2.06% | 1.07% | 2.81% | 1.10% | 0.49% | 1.63% |
Ratios to Average Net Assets: | ||||||
Net expenses2 | 0.46%3 | 0.46%4 | 0.46%4 | 0.46%4 | 0.46% | 0.46% |
Net investment income | 1.15%3 | 1.66% | 1.91% | 1.58% | 1.36% | 1.33% |
Expense waiver/reimbursement5 | 0.17%3 | 0.18% | 0.21% | 0.24% | 0.23% | 0.23% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $558,105 | $561,612 | $575,676 | $689,739 | $840,891 | $876,680 |
Portfolio turnover | 7% | 49% | 39% | 18% | 32% | 15% |
Six Months Ended (unaudited) 12/31/2020 | Year Ended June 30, | |||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $10.25 | $10.30 | $10.22 | $10.26 | $10.35 | $10.32 |
Income From Investment Operations: | ||||||
Net investment income | 0.05 | 0.14 | 0.17 | 0.14 | 0.11 | 0.11 |
Net realized and unrealized gain (loss) | 0.14 | (0.05) | 0.08 | (0.04) | (0.09) | 0.03 |
TOTAL FROM INVESTMENT OPERATIONS | 0.19 | 0.09 | 0.25 | 0.10 | 0.02 | 0.14 |
Less Distributions: | ||||||
Distributions from net investment income | (0.05) | (0.14) | (0.17) | (0.14) | (0.11) | (0.11) |
Net Asset Value, End of Period | $10.39 | $10.25 | $10.30 | $10.22 | $10.26 | $10.35 |
Total Return1 | 1.83% | 0.93% | 2.46% | 0.95% | 0.25% | 1.39% |
Ratios to Average Net Assets: | ||||||
Net expenses2 | 0.70%3 | 0.70%4 | 0.70%4 | 0.71%4 | 0.70% | 0.70% |
Net investment income | 1.91%3 | 1.42% | 1.67% | 1.30% | 1.12% | 1.09% |
Expense waiver/reimbursement5 | 0.10%3 | 0.21% | 0.35% | 0.34% | 0.33% | 0.33% |
Supplemental Data: | ||||||
Net assets, end of period (000 omitted) | $11,462 | $11,431 | $11,663 | $14,429 | $31,831 | $30,225 |
Portfolio turnover | 7% | 49% | 39% | 18% | 32% | 15% |
Assets: | ||
Investment in securities, at value (identified cost $943,618,732) | $967,507,896 | |
Cash | 22,388 | |
Income receivable | 6,893,252 | |
Receivable for shares sold | 5,022,046 | |
Receivable for investments sold | 25,083 | |
TOTAL ASSETS | 979,470,665 | |
Liabilities: | ||
Payable for investments purchased | $2,014,160 | |
Payable for shares redeemed | 1,610,765 | |
Income distribution payable | 123,419 | |
Payable for other service fees (Notes 2 and 5) | 120,637 | |
Payable for administrative fee (Note 5) | 8,812 | |
Payable for investment adviser fee (Note 5) | 8,082 | |
Accrued expenses (Note 5) | 92,554 | |
TOTAL LIABILITIES | 3,978,429 | |
Net assets for 93,922,424 shares outstanding | $975,492,236 | |
Net Assets Consists of: | ||
Paid-in capital | $964,651,300 | |
Total distributable earnings (loss) | 10,840,936 | |
TOTAL NET ASSETS | $975,492,236 | |
Net Asset Value, Offering Price and Redemption Proceeds Per Share: | ||
Class A Shares: | ||
Net asset value per share ($405,925,749 ÷ 39,081,238 shares outstanding), no par value, unlimited shares authorized | $10.39 | |
Offering price per share (100/99.00 of $10.39) | $10.49 | |
Redemption proceeds per share | $10.39 | |
Institutional Shares: | ||
Net asset value per share ($558,104,609 ÷ 53,738,051 shares outstanding), no par value, unlimited shares authorized | $10.39 | |
Offering price per share | $10.39 | |
Redemption proceeds per share | $10.39 | |
Service Shares: | ||
Net asset value per share ($11,461,878 ÷ 1,103,135 shares outstanding), no par value, unlimited shares authorized | $10.39 | |
Offering price per share | $10.39 | |
Redemption proceeds per share | $10.39 |
Investment Income: | |||
Interest | $7,418,085 | ||
Expenses: | |||
Investment adviser fee (Note 5) | $1,845,114 | ||
Administrative fee (Note 5) | 358,842 | ||
Custodian fees | 20,225 | ||
Transfer agent fees | 148,941 | ||
Directors’/Trustees’ fees (Note 5) | 5,341 | ||
Auditing fees | 16,435 | ||
Legal fees | 5,100 | ||
Other service fees (Notes 2 and 5) | 641,500 | ||
Portfolio accounting fees | 100,003 | ||
Share registration costs | 40,001 | ||
Printing and postage | 18,387 | ||
Miscellaneous (Notes 5) | 17,117 | ||
TOTAL EXPENSES | 3,217,006 | ||
Waiver and Reimbursement: | |||
Waiver of investment adviser fee (Note 5) | $(459,806) | ||
Reimbursement of other operating expenses (Notes 2 and 5) | (199,338) | ||
TOTAL WAIVER AND REIMBURSEMENT | (659,144) | ||
Net expenses | 2,557,862 | ||
Net investment income | 4,860,223 | ||
Realized and Unrealized Gain (Loss) on Investments: | |||
Net realized loss on investments | (13,296) | ||
Net change in unrealized appreciation of investments | 12,145,809 | ||
Net realized and unrealized gain on investments | 12,132,513 | ||
Change in net assets resulting from operations | $16,992,736 |
Six Months Ended (unaudited) 12/31/2020 | Year Ended 6/30/2020 | |
Increase (Decrease) in Net Assets | ||
Operations: | ||
Net investment income | $4,860,223 | $12,791,105 |
Net realized loss | (13,296) | (8,293,147) |
Net change in unrealized appreciation | 12,145,809 | 1,952,628 |
CHANGE IN NET ASSETS RESULTING FROM OPERATIONS | 16,992,736 | 6,450,586 |
Distributions to Shareholders: | ||
Class A Shares | (1,525,348) | (2,664,326) |
Institutional Shares | (3,278,644) | (9,910,741) |
Service Shares | (52,799) | (159,725) |
CHANGE IN NET ASSETS RESULTING FROM DISTRIBUTIONS TO SHAREHOLDERS | (4,856,791) | (12,734,792) |
Share Transactions: | ||
Proceeds from sale of shares | 302,923,139 | 353,571,070 |
Proceeds from shares issued in connection with the tax-free transfer of assets from PNC Tax Exempt Limited Maturity Bond Fund | — | 72,083,408 |
Net asset value of shares issued to shareholders in payment of distributions declared | 4,074,173 | 10,233,287 |
Cost of shares redeemed | (166,861,198) | (372,428,512) |
CHANGE IN NET ASSETS RESULTING FROM SHARE TRANSACTIONS | 140,136,114 | 63,459,253 |
Change in net assets | 152,272,059 | 57,175,047 |
Net Assets: | ||
Beginning of period | 823,220,177 | 766,045,130 |
End of period | $975,492,236 | $823,220,177 |
Shares of the Fund Issued | Acquired Fund Net Assets Received | Unrealized Appreciation1 | Net Assets of the Fund Immediately Prior to Combination | Net Assets of the Fund Immediately After Combination |
6,991,585 | $72,083,408 | $1,739,110 | $796,990,717 | $869,074,125 |
Net Investment Income | $13,259,438 |
Net realized and unrealized gain on investments | $(6,115,331) |
Net decrease in net assets resulting from operations | $7,144,107 |
Other Service Fees Incurred | Other Service Fees Reimbursed | |
Class A Shares | $428,329 | $— |
Institutional Shares | 199,338 | (199,338) |
Service Shares | 13,833 | — |
TOTAL | $641,500 | $(199,338) |
Security | Acquisition Date | Acquisition Cost | Value |
California Municipal Finance Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2009A) TOBs, 1.300%, Mandatory Tender 2/3/2025 | 1/30/2020 | $1,500,000 | $1,545,915 |
California Municipal Finance Authority (Waste Management, Inc.), Solid Waste Disposal Revenue Bonds (Series 2017A) TOBs, 0.700%, Mandatory Tender 12/1/2023 | 12/1/2020 | $2,500,000 | $2,528,900 |
Six Months Ended 12/31/2020 | Year Ended 6/30/2020 | |||
Class A Shares: | Shares | Amount | Shares | Amount |
Shares sold | 19,976,749 | $206,350,745 | 17,277,889 | $177,588,498 |
Shares issued to shareholders in payment of distributions declared | 145,709 | 1,506,550 | 254,356 | 2,613,605 |
Shares redeemed | (5,459,176) | (56,426,111) | (10,465,660) | (107,445,312) |
NET CHANGE RESULTING FROM CLASS A SHARE TRANSACTIONS | 14,663,282 | $151,431,184 | 7,066,585 | $72,756,791 |
Six Months Ended 12/31/2020 | Year Ended 6/30/2020 | |||
Institutional Shares: | Shares | Amount | Shares | Amount |
Shares sold | 9,338,583 | $96,475,000 | 16,964,998 | $174,293,170 |
Proceeds from shares issued in connection with the tax-free transfer of assets from PNC Tax Exempt Limited Maturity Bond Fund | — | — | 6,976,326 | 71,926,097 |
Shares issued to shareholders in payment of distributions declared | 243,608 | 2,518,140 | 727,281 | 7,474,683 |
Shares redeemed | (10,666,352) | (110,162,049) | (25,761,369) | (262,806,964) |
NET CHANGE RESULTING FROM INSTITUTIONAL SHARE TRANSACTIONS | (1,084,161) | $(11,168,909) | (1,092,764) | $(9,113,014) |
Six Months Ended 12/31/2020 | Year Ended 6/30/2020 | |||
Service Shares: | Shares | Amount | Shares | Amount |
Shares sold | 9,439 | $97,394 | 165,367 | $1,689,402 |
Proceeds from shares issued in connection with the tax-free transfer of assets from PNC Tax Exempt Limited Maturity Bond Fund | — | — | 15,258 | 157,311 |
Shares issued to shareholders in payment of distributions declared | 4,785 | 49,483 | 14,110 | 144,999 |
Shares redeemed | (26,414) | (273,038) | (211,953) | (2,176,236) |
NET CHANGE RESULTING FROM SERVICE SHARE TRANSACTIONS | (12,190) | $(126,161) | (17,218) | $(184,524) |
NET CHANGE RESULTING FROM TOTAL FUND SHARE TRANSACTIONS | 13,566,931 | $140,136,114 | 5,956,603 | $63,459,253 |
Short-Term | Long-Term | Total |
$7,904,454 | $5,154,231 | $13,058,685 |
Administrative Fee | Average Daily Net Assets of the Investment Complex |
0.100% | on assets up to $50 billion |
0.075% | on assets over $50 billion |
Purchases | $169,555,931 |
Sales | $54,145,252 |
Beginning Account Value 7/1/2020 | Ending Account Value 12/31/2020 | Expenses Paid During Period1 | |
Actual: | |||
Class A Shares | $1,000 | $1,018.30 | $3.61 |
Institutional Shares | $1,000 | $1,020.60 | $2.34 |
Service Shares | $1,000 | $1,018.30 | $3.56 |
Hypothetical (assuming a 5% return before expenses): | |||
Class A Shares | $1,000 | $ 1,021.63 | $ 3.62 |
Institutional Shares | $1,000 | $ 1,022.89 | $ 2.35 |
Service Shares | $1,000 | $ 1,021.68 | $3.57 |
Class A Shares | 0.71% |
Institutional Shares | 0.46% |
Service Shares | 0.70% |
Annual Evaluation of Adequacy and Effectiveness
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
or call 1-800-341-7400.
CUSIP 313907107
CUSIP 313907206
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. | Schedule of Investments |
(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this form.
(b) Not Applicable; Fund had no divestments during the reporting period covered since the previous Form N-CSR filing.
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies |
Not Applicable
Item 8. | Portfolio Managers of Closed-End Management Investment Companies |
Not Applicable
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers |
Not Applicable
Item 10. | Submission of Matters to a Vote of Security Holders |
No Changes to Report
Item 11. | Controls and Procedures |
(a) The registrant’s President and Treasurer have concluded that the
registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Act) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the Act, based on their evaluation of these disclosure controls and procedures within 90 days of the filing date of this report on Form N-CSR.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in rule 30a-3(d) under the Act) during the registrant’s most recent fiscal half-year (the registrant’s second fiscal half-year in the case of an annual report) that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies |
Not Applicable
Item 13. | Exhibits |
(a)(1) Code of Ethics- Not Applicable to this Report.
(a)(2) Certifications of Principal Executive Officer and Principal Financial Officer.
(a)(3) Not Applicable.
(b) Certifications pursuant to 18 U.S.C. Section 1350.
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.
Registrant Federated Hermes Short-Intermediate Duration Municipal Trust
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date February 22, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By /S/ John B. Fisher
John B. Fisher
Principal Executive Officer
Date February 22, 2021
By /S/ Lori A. Hensler
Lori A. Hensler
Principal Financial Officer
Date February 22, 2021