Municipal Bonds - 94.9% |
| | Principal Amount (a) | Value ($) |
Guam - 0.2% | | | |
Guam Int'l. Arpt. Auth. Rev. Series 2013 C: | | | |
6.25% 10/1/34 (b) | | 425,000 | 425,000 |
6.25% 10/1/34 (Pre-Refunded to 10/1/23 @ 100) (b) | | 275,000 | 275,000 |
TOTAL GUAM | | | 700,000 |
Pennsylvania - 92.0% | | | |
Allegheny County Arpt. Auth. Rev. Series 2021 A, 5% 1/1/51 (b) | | 12,000,000 | 11,762,274 |
Allegheny County Higher Ed. Bldg. Auth. Univ. Rev.: | | | |
Series 2017, 5% 10/15/47 | | 1,660,000 | 1,408,774 |
Series 2018: | | | |
5% 3/1/33 | | 1,570,000 | 1,629,889 |
5% 3/1/34 | | 2,250,000 | 2,335,372 |
Series 2022 A: | | | |
5% 3/1/24 | | 500,000 | 501,700 |
5% 3/1/27 | | 1,740,000 | 1,789,193 |
5% 3/1/31 | | 1,105,000 | 1,168,841 |
5% 3/1/34 | | 645,000 | 687,680 |
Allegheny County Indl. Dev. Auth. Rev. Series 2021, 4.25% 12/1/50 | | 3,000,000 | 1,805,217 |
Butler County Hosp. Auth. Hosp. Rev. (Butler Health Sys. Proj.) Series 2015 A: | | | |
5% 7/1/26 | | 500,000 | 488,077 |
5% 7/1/27 | | 490,000 | 473,562 |
5% 7/1/28 | | 540,000 | 518,194 |
5% 7/1/29 | | 710,000 | 674,818 |
5% 7/1/30 | | 685,000 | 644,275 |
5% 7/1/35 | | 1,885,000 | 1,708,929 |
5% 7/1/39 | | 6,675,000 | 5,798,133 |
Cap. Region Wtr. Wtr. Rev. Series 2018: | | | |
5% 7/15/30 | | 1,500,000 | 1,571,266 |
5% 7/15/31 | | 1,250,000 | 1,306,920 |
Centre County Pennsylvania Hosp. Auth. Rev. (Mount Nittany Med. Ctr. Proj.): | | | |
Series 2016 A: | | | |
4% 11/15/32 | | 350,000 | 337,220 |
4% 11/15/34 | | 250,000 | 236,797 |
4% 11/15/35 | | 200,000 | 186,441 |
5% 11/15/28 | | 840,000 | 852,426 |
5% 11/15/29 | | 1,625,000 | 1,645,464 |
5% 11/15/30 | | 685,000 | 692,499 |
Series 2016 B: | | | |
4% 11/15/40 | | 600,000 | 521,022 |
4% 11/15/47 | | 3,605,000 | 2,993,040 |
Series 2018 A: | | | |
5% 11/15/26 | | 1,140,000 | 1,170,748 |
5% 11/15/27 | | 225,000 | 231,700 |
5% 11/15/28 | | 200,000 | 205,292 |
5% 11/15/29 | | 200,000 | 204,326 |
Chartiers Valley School District Series 2021 A, 3% 10/15/49 | | 4,000,000 | 2,626,842 |
Chester County Health & Ed. Facilities Auth. Health Sys. Rev. Series 2017 A, 5% 10/1/35 | | 2,125,000 | 2,175,166 |
Commonwealth Fing. Auth. Rev.: | | | |
Series 2019 B: | | | |
5% 6/1/28 | | 1,000,000 | 1,049,775 |
5% 6/1/29 | | 1,000,000 | 1,058,430 |
5% 6/1/30 | | 1,000,000 | 1,065,987 |
5% 6/1/31 | | 1,150,000 | 1,235,506 |
Series 2020 A, 5% 6/1/32 | | 3,500,000 | 3,713,143 |
Cumberland County Muni. Auth. Rev. (Dickinson College Proj.) Series 2016: | | | |
5% 5/1/30 | | 1,000,000 | 1,018,175 |
5% 5/1/31 | | 500,000 | 508,599 |
5% 5/1/32 | | 750,000 | 762,532 |
5% 5/1/33 | | 2,210,000 | 2,244,231 |
5% 5/1/34 | | 1,000,000 | 1,015,002 |
Dallas Area Muni. Auth. Univ. Rev. (Misericordia Univ. Proj.) Series 2019, 5% 5/1/48 | | 4,000,000 | 3,379,241 |
Dauphin County Gen. Auth. (Pinnacle Health Sys. Proj.) Series 2016 A: | | | |
5% 6/1/34 | | 1,275,000 | 1,294,422 |
5% 6/1/35 | | 1,000,000 | 1,013,812 |
5% 6/1/36 | | 625,000 | 631,836 |
Delaware County Auth. Rev.: | | | |
(Cabrini College) Series 2017, 5% 7/1/47 | | 2,000,000 | 1,764,097 |
Series 2017, 5% 7/1/25 | | 1,000,000 | 990,701 |
Doylestown Hosp. Auth. Hosp. Rev.: | | | |
Series 2016 A: | | | |
5% 7/1/46 | | 2,845,000 | 2,361,995 |
5% 7/1/46 (Pre-Refunded to 7/1/26 @ 100) | | 655,000 | 674,902 |
Series 2019 A: | | | |
4% 7/1/45 | | 1,215,000 | 866,107 |
4% 7/1/45 (Pre-Refunded to 7/1/29 @ 100) | | 135,000 | 137,974 |
Dubois Hosp. Auth. Hosp. Rev.: | | | |
(Penn Highlands Healthcare Proj.) Series 2018, 5% 7/15/25 | | 200,000 | 201,482 |
Series 2020: | | | |
4% 7/15/45 | | 1,520,000 | 1,261,249 |
5% 7/15/31 | | 1,030,000 | 1,048,560 |
5% 7/15/34 | | 1,000,000 | 1,020,522 |
5% 7/15/36 | | 1,400,000 | 1,413,036 |
5% 7/15/39 | | 1,160,000 | 1,138,132 |
Geisinger Auth. Health Sys. Rev. Series 2014 A, 4% 6/1/41 | | 2,000,000 | 1,805,810 |
Lackawanna County Indl. Dev. Auth. Rev. (Univ. of Scranton Proj.) Series 2017: | | | |
5% 11/1/24 | | 590,000 | 594,399 |
5% 11/1/25 | | 665,000 | 674,221 |
5% 11/1/27 | | 1,105,000 | 1,140,042 |
Lancaster County Hosp. Auth. Health Ctr. Rev. Series 2016: | | | |
5% 8/15/31 | | 1,000,000 | 1,033,418 |
5% 8/15/33 | | 1,000,000 | 1,032,990 |
5% 8/15/34 | | 1,000,000 | 1,031,401 |
5% 8/15/36 | | 1,000,000 | 1,024,823 |
Lehigh County Gen. Purp. Auth. Rev.: | | | |
(Muhlenberg College Proj.) Series 2017, 5% 2/1/39 | | 4,010,000 | 4,033,511 |
Series 2021 A, 4% 11/1/51 | | 4,000,000 | 2,957,892 |
Lehigh County Gen. Purp. Hosp. Rev. Series 2019 A: | | | |
4% 7/1/49 | | 5,000,000 | 4,194,461 |
5% 7/1/36 | | 2,905,000 | 2,958,147 |
5% 7/1/44 | | 5,000,000 | 4,643,702 |
Monroe County Hosp. Auth. Rev. Series 2016, 5% 7/1/33 | | 3,675,000 | 3,702,055 |
Monroeville Fin. Auth. UPMC Rev. Series 2023 C: | | | |
5% 5/15/36 | | 280,000 | 293,055 |
5% 5/15/37 | | 330,000 | 340,464 |
5% 5/15/38 | | 390,000 | 396,932 |
5% 5/15/39 | | 250,000 | 252,637 |
Montgomery County Higher Ed. & Health Auth. Rev.: | | | |
Series 2014 A: | | | |
5% 10/1/23 | | 1,305,000 | 1,305,000 |
5% 10/1/24 | | 335,000 | 332,681 |
5% 10/1/25 | | 750,000 | 737,796 |
5% 10/1/26 | | 1,000,000 | 979,048 |
5% 10/1/27 | | 1,000,000 | 977,394 |
Series 2016 A, 5% 10/1/40 | | 4,000,000 | 3,446,357 |
Series 2018 A, 5% 9/1/26 | | 1,500,000 | 1,527,859 |
Series 2019: | | | |
4% 9/1/34 | | 2,500,000 | 2,318,219 |
4% 9/1/35 | | 1,400,000 | 1,284,957 |
4% 9/1/36 | | 1,200,000 | 1,112,124 |
4% 9/1/37 | | 1,000,000 | 919,077 |
Montgomery County Indl. Dev. Auth. Series 2017, 5% 12/1/36 | | 2,670,000 | 2,747,047 |
Northampton County Gen. Purp. Auth. Hosp. Rev. (St. Luke's Univ. Health Network Proj.) Series 2018 A, 4% 8/15/48 | | 4,500,000 | 3,550,956 |
Pennsylvania Ctfs. Prtn. Series 2018 A: | | | |
5% 7/1/29 | | 300,000 | 315,174 |
5% 7/1/30 | | 375,000 | 395,084 |
5% 7/1/31 | | 425,000 | 446,288 |
Pennsylvania Econ. Dev. Fing. Auth.: | | | |
Series 2023 A2: | | | |
5% 5/15/36 | | 400,000 | 419,931 |
5% 5/15/37 | | 500,000 | 519,403 |
5% 5/15/38 | | 500,000 | 515,112 |
5% 5/15/39 | | 620,000 | 635,157 |
Series 2023 B: | | | |
5% 5/15/36 | | 450,000 | 472,422 |
5% 5/15/37 | | 425,000 | 441,492 |
5% 5/15/38 | | 575,000 | 592,379 |
5% 5/15/39 | | 800,000 | 819,558 |
Pennsylvania Econ. Dev. Fing. Auth. Indl. Dev. Rev. (Presbyterian Sr. Living project) Series 2023 B1, 4.5% 7/1/35 | | 2,910,000 | 2,784,222 |
Pennsylvania Econ. Dev. Fing. Auth. Solid Waste Disp. Rev. Bonds: | | | |
(Waste Mgmt., Inc. Proj.) Series 2013, 4.125%, tender 11/1/23 (b)(c) | | 2,500,000 | 2,498,719 |
(Waste Mgmt., Inc. Proj.) Series 2021 A2, 4.6%, tender 10/1/26 (b)(c) | | 10,845,000 | 10,841,521 |
Pennsylvania Gen. Oblig.: | | | |
Series 2020, 2% 5/1/39 | | 500,000 | 318,022 |
Series 2021: | | | |
2% 5/15/37 | | 1,060,000 | 725,839 |
2% 5/15/38 | | 4,825,000 | 3,172,705 |
Pennsylvania Higher Ed. Assistance Agcy. Rev. Series 2023 A, 5% 6/1/30 (b) | | 2,895,000 | 2,954,625 |
Pennsylvania Higher Edl. Facilities Auth. Rev.: | | | |
(Drexel Univ. Proj.) Series 2016, 5% 5/1/35 | | 2,000,000 | 2,033,735 |
Series 2016, 5% 5/1/33 | | 2,200,000 | 2,239,680 |
Series 2019 A: | | | |
4% 3/1/37 | | 1,150,000 | 1,070,261 |
5% 3/1/36 | | 1,000,000 | 1,034,306 |
5% 3/1/38 | | 1,055,000 | 1,068,072 |
5% 3/1/39 | | 1,000,000 | 1,006,047 |
Pennsylvania Hsg. Fin. Agcy.: | | | |
Series 2019 130A, 4% 10/1/49 | | 935,000 | 923,287 |
Series 2019 131, 3.5% 4/1/49 | | 2,680,000 | 2,620,513 |
Series 2020 13 2A, 3.5% 4/1/51 | | 1,230,000 | 1,201,453 |
Series 2020 133: | | | |
5% 10/1/23 | | 400,000 | 400,000 |
5% 10/1/24 | | 850,000 | 857,067 |
5% 10/1/27 | | 650,000 | 675,465 |
5% 10/1/28 | | 950,000 | 998,139 |
5% 4/1/29 | | 100,000 | 104,994 |
5% 10/1/29 | | 450,000 | 474,168 |
Series 2021 134B: | | | |
5% 4/1/24 (b) | | 1,255,000 | 1,256,668 |
5% 10/1/24 (b) | | 1,000,000 | 1,003,479 |
5% 10/1/25 (b) | | 370,000 | 373,051 |
5% 4/1/26 (b) | | 995,000 | 1,006,421 |
5% 10/1/26 (b) | | 1,500,000 | 1,522,733 |
Series 2021 137: | | | |
2.45% 10/1/41 | | 1,305,000 | 861,631 |
5% 4/1/24 | | 225,000 | 225,900 |
5% 10/1/24 | | 265,000 | 267,383 |
5% 4/1/25 | | 200,000 | 202,582 |
5% 10/1/25 | | 220,000 | 223,912 |
5% 4/1/26 | | 240,000 | 244,740 |
5% 10/1/26 | | 280,000 | 287,004 |
5% 4/1/27 | | 225,000 | 232,329 |
5% 10/1/27 | | 225,000 | 233,815 |
5% 4/1/28 | | 250,000 | 261,213 |
5% 10/1/28 | | 260,000 | 273,175 |
5% 4/1/29 | | 310,000 | 325,481 |
5% 10/1/29 | | 365,000 | 384,603 |
Series 2023 142A: | | | |
4.5% 10/1/38 | | 5,925,000 | 5,803,008 |
5% 10/1/43 | | 2,000,000 | 1,999,886 |
Pennsylvania Pub. School Bldg. Auth. School Rev. Series 2014 B2, 5% 12/1/25 | | 335,000 | 338,921 |
Pennsylvania Tpk. Commission Tpk. Rev.: | | | |
(Sub Lien Proj.) Series 2017 B-1, 5% 6/1/34 | | 5,000,000 | 5,183,724 |
Series 2013 A2: | | | |
5% 12/1/28 | | 500,000 | 519,044 |
5% 12/1/38 | | 2,500,000 | 2,528,844 |
Series 2014 A2, 0% 12/1/40 (d) | | 5,500,000 | 5,365,237 |
Series 2017 A1, 5% 12/1/33 | | 1,500,000 | 1,566,792 |
Series 2018 A2, 5% 12/1/43 | | 5,000,000 | 5,114,228 |
Series 2019 A, 5% 12/1/37 | | 5,815,000 | 5,953,003 |
Series 2020 B, 5% 12/1/50 | | 5,000,000 | 5,070,539 |
Series 2021 A: | | | |
4% 12/1/44 | | 4,000,000 | 3,499,932 |
4% 12/1/45 | | 4,000,000 | 3,483,032 |
4% 12/1/50 | | 2,000,000 | 1,702,366 |
Series 2021 B: | | | |
4% 12/1/40 | | 1,000,000 | 901,356 |
4% 12/1/41 | | 1,000,000 | 895,658 |
4% 12/1/42 | | 1,500,000 | 1,328,774 |
5% 12/1/46 | | 2,000,000 | 2,051,996 |
Series 2023 A, 4.25% 12/1/44 | | 6,750,000 | 6,292,754 |
Philadelphia Arpt. Rev.: | | | |
Series 2017 A, 5% 7/1/42 | | 350,000 | 351,829 |
Series 2017 B: | | | |
5% 7/1/31 (b) | | 1,000,000 | 1,017,376 |
5% 7/1/33 (b) | | 2,250,000 | 2,288,764 |
5% 7/1/37 (b) | | 5,065,000 | 5,088,182 |
5% 7/1/47 (b) | | 3,035,000 | 2,976,204 |
Philadelphia Auth. for Indl. Dev.: | | | |
Series 2017, 5% 11/1/47 | | 5,000,000 | 4,642,137 |
Series 2020 A, 4% 11/1/45 | | 3,825,000 | 3,075,326 |
Series 2020 C: | | | |
4% 11/1/35 | | 1,750,000 | 1,602,231 |
4% 11/1/36 | | 1,500,000 | 1,352,496 |
4% 11/1/37 | | 1,255,000 | 1,107,719 |
4% 11/1/38 | | 1,000,000 | 871,075 |
Philadelphia Gas Works Rev.: | | | |
Series 16 A, 5% 8/1/50 (Assured Guaranty Muni. Corp. Insured) | | 8,835,000 | 8,941,595 |
Series 2015 13: | | | |
5% 8/1/29 | | 2,000,000 | 2,015,991 |
5% 8/1/30 | | 1,500,000 | 1,509,900 |
5% 8/1/31 | | 1,100,000 | 1,103,626 |
Series 2016 14: | | | |
5% 10/1/33 | | 1,500,000 | 1,518,951 |
5% 10/1/34 | | 500,000 | 505,202 |
Philadelphia Gen. Oblig.: | | | |
Series 2017 A, 5% 8/1/30 | | 1,500,000 | 1,553,117 |
Series 2019 B: | | | |
5% 2/1/38 | | 3,000,000 | 3,079,238 |
5% 2/1/39 | | 7,600,000 | 7,825,787 |
Philadelphia Redev. Auth. Rev. Series 2015 A, 5% 4/15/29 | | 3,000,000 | 3,039,687 |
Philadelphia School District: | | | |
Series 2018 A: | | | |
5% 9/1/29 | | 1,250,000 | 1,297,285 |
5% 9/1/30 | | 1,000,000 | 1,036,731 |
5% 9/1/33 | | 1,000,000 | 1,034,564 |
Series 2019 A: | | | |
4% 9/1/37 | | 2,100,000 | 1,881,099 |
4% 9/1/38 | | 2,300,000 | 2,053,360 |
4% 9/1/39 | | 2,000,000 | 1,787,764 |
Philadelphia Wtr. & Wastewtr. Rev.: | | | |
Series 2020, 5% 10/1/40 | | 3,195,000 | 3,245,349 |
Series 2023 B, 5.5% 9/1/53 (Assured Guaranty Muni. Corp. Insured) | | 5,000,000 | 5,295,201 |
Pittsburgh & Allegheny County Parking Sys. Series 2017: | | | |
5% 12/15/32 | | 500,000 | 512,063 |
5% 12/15/33 | | 500,000 | 512,081 |
Pittsburgh Wtr. & Swr. Auth. Wtr. & Swr. Sys. Rev.: | | | |
Series 2019 A, 5% 9/1/44 (Assured Guaranty Muni. Corp. Insured) | | 3,600,000 | 3,682,930 |
Series 2019 B: | | | |
4% 9/1/34 (Assured Guaranty Muni. Corp. Insured) | | 2,000,000 | 1,922,991 |
4% 9/1/35 (Assured Guaranty Muni. Corp. Insured) | | 400,000 | 385,530 |
Reading School District Series 2017: | | | |
5% 3/1/35 (Assured Guaranty Muni. Corp. Insured) | | 1,000,000 | 1,034,310 |
5% 3/1/36 (Assured Guaranty Muni. Corp. Insured) | | 1,050,000 | 1,081,372 |
Saint Mary Hosp. Auth. Health Sys. Rev. (Trinity Health Proj.) Series 2012 B, 5% 11/15/26 | | 1,000,000 | 1,032,888 |
Southcentral Pennsylvania Gen. Auth. Rev. Series 2015: | | | |
4% 12/1/30 | | 1,040,000 | 1,036,257 |
5% 12/1/27 | | 1,480,000 | 1,505,728 |
5% 12/1/29 | | 1,000,000 | 1,013,838 |
State Pub. School Bldg. Auth. Delaware County Cmnty. College Proj. Series 2023: | | | |
5% 10/1/37 (Build America Mutual Assurance Insured) | | 530,000 | 542,739 |
5% 10/1/38 (Build America Mutual Assurance Insured) | | 600,000 | 608,176 |
5.25% 10/1/44 (Build America Mutual Assurance Insured) | | 1,100,000 | 1,114,760 |
Susquehanna Area Reg'l. Arp Auth. Series 2017: | | | |
5% 1/1/35 (b) | | 1,000,000 | 974,833 |
5% 1/1/38 (b) | | 1,125,000 | 1,062,159 |
Union County Hosp. Auth. Rev. Series 2018 B, 5% 8/1/48 | | 6,000,000 | 5,367,226 |
West Mifflin Area School District Series 2016: | | | |
5% 4/1/24 (Assured Guaranty Muni. Corp. Insured) | | 1,250,000 | 1,254,998 |
5% 4/1/26 (Assured Guaranty Muni. Corp. Insured) | | 1,000,000 | 1,025,709 |
5% 4/1/28 (Assured Guaranty Muni. Corp. Insured) | | 1,390,000 | 1,424,366 |
Westmoreland County Indl. Dev. Auth. (Excela Health Proj.) Series 2020 A: | | | |
4% 7/1/26 | | 1,000,000 | 981,334 |
4% 7/1/37 | | 1,400,000 | 1,188,024 |
5% 7/1/27 | | 200,000 | 201,948 |
5% 7/1/28 | | 1,130,000 | 1,142,363 |
5% 7/1/29 | | 500,000 | 504,144 |
5% 7/1/30 | | 1,000,000 | 1,003,545 |
TOTAL PENNSYLVANIA | | | 356,144,172 |
Pennsylvania, New Jersey - 1.2% | | | |
Delaware River Port Auth. Pennsylvania & New Jersey Rev. Series 2018 A: | | | |
5% 1/1/37 | | 1,000,000 | 1,050,376 |
5% 1/1/38 | | 1,300,000 | 1,353,957 |
5% 1/1/39 | | 1,000,000 | 1,035,362 |
5% 1/1/40 | | 1,100,000 | 1,135,850 |
TOTAL PENNSYLVANIA, NEW JERSEY | | | 4,575,545 |
Puerto Rico - 1.5% | | | |
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (e) | | 1,155,000 | 1,108,857 |
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1: | | | |
0% 7/1/33 | | 1,225,367 | 722,190 |
5.625% 7/1/27 | | 145,000 | 148,794 |
5.625% 7/1/29 | | 440,000 | 454,655 |
5.75% 7/1/31 | | 1,045,000 | 1,091,316 |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev.: | | | |
Series 2018 A1, 0% 7/1/31 | | 1,155,000 | 818,234 |
Series 2019 A2, 4.329% 7/1/40 | | 1,455,000 | 1,303,190 |
TOTAL PUERTO RICO | | | 5,647,236 |
TOTAL MUNICIPAL BONDS (Cost $402,854,962) | | | 367,066,953 |
| | | |
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Bonds are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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