Municipal Securities - 99.5% |
| | Principal Amount (a) | Value ($) |
PENNSYLVANIA - 98.4% | | | |
Education - 21.4% | | | |
Allegheny Cnty PA High Ed Bld Auth Univ Rev (Duquesne Univ, PA Proj.) Series 2018, 5% 3/1/2033 | | 1,570,000 | 1,668,834 |
Allegheny Cnty PA High Ed Bld Auth Univ Rev (Duquesne Univ, PA Proj.) Series 2018, 5% 3/1/2034 | | 2,250,000 | 2,388,831 |
Allegheny Cnty PA High Ed Bld Auth Univ Rev (Duquesne Univ, PA Proj.) Series 2022 A, 5% 3/1/2027 | | 1,740,000 | 1,828,040 |
Allegheny Cnty PA High Ed Bld Auth Univ Rev (Duquesne Univ, PA Proj.) Series 2022 A, 5% 3/1/2031 | | 1,105,000 | 1,234,150 |
Allegheny Cnty PA High Ed Bld Auth Univ Rev (Duquesne Univ, PA Proj.) Series 2022 A, 5% 3/1/2034 | | 645,000 | 728,171 |
Allegheny Cnty PA High Ed Bld Auth Univ Rev (Robert Morris University Proj.) Series 2017, 5% 10/15/2047 | | 1,660,000 | 1,497,001 |
Allegheny Cnty PA Ida Rev (Pittsburgh Tech College Proj.) 4.25% 12/1/2050 | | 3,000,000 | 1,440,000 |
Cumberland Cnty PA Mun Auth Rv (Dickinson College Proj.) 5% 5/1/2030 | | 1,000,000 | 1,029,924 |
Cumberland Cnty PA Mun Auth Rv (Dickinson College Proj.) 5% 5/1/2031 | | 500,000 | 514,806 |
Cumberland Cnty PA Mun Auth Rv (Dickinson College Proj.) 5% 5/1/2032 | | 750,000 | 772,208 |
Cumberland Cnty PA Mun Auth Rv (Dickinson College Proj.) 5% 5/1/2033 | | 2,210,000 | 2,275,441 |
Cumberland Cnty PA Mun Auth Rv (Dickinson College Proj.) 5% 5/1/2034 | | 1,000,000 | 1,029,298 |
Dallas PA Area Mun Auth Univ Rev (Misericordia University Proj.) 5% 5/1/2048 | | 4,000,000 | 3,695,106 |
Lackawanna Cnty PA Indl Dev Auth Rev (University of Scranton Proj.) 5% 11/1/2024 | | 590,000 | 590,553 |
Lackawanna Cnty PA Indl Dev Auth Rev (University of Scranton Proj.) 5% 11/1/2025 | | 665,000 | 678,600 |
Lackawanna Cnty PA Indl Dev Auth Rev (University of Scranton Proj.) 5% 11/1/2027 | | 1,105,000 | 1,168,807 |
Lehigh Cnty PA Gen Purp Auth Revs (Muhlenberg College, PA Proj.) Series 2017, 5% 2/1/2039 | | 4,010,000 | 4,131,188 |
Montgomery Cnty PA Indl Dev Auth College Rev (Bryn Mawr College, PA Proj.) 5% 12/1/2036 | | 2,670,000 | 2,784,740 |
Northampton Cnty PA Gen Purp Ath (Lehigh Univ, PA Proj.) Series 2024 A, 5% 11/15/2034 | | 7,000,000 | 8,372,758 |
Pennsylvania Higher Ed Assistance Agy Ed Ln Rev Series 2023A, 5% 6/1/2029 (b) | | 2,965,000 | 3,145,400 |
Pennsylvania Higher Ed Assistance Agy Ed Ln Rev Series 2023A, 5% 6/1/2030 (b) | | 2,895,000 | 3,082,659 |
Pennsylvania Higher Ed Assistance Agy Ed Ln Rev Series 2023A, 5% 6/1/2031 (b) | | 4,450,000 | 4,834,824 |
Pennsylvania Higher Ed Assistance Agy Ed Ln Rev Series 2023A, 5% 6/1/2032 (b) | | 5,200,000 | 5,666,635 |
Pennsylvania St Higher Edl Rev (Drexel University, PA Proj.) Series 2016, 5% 5/1/2033 | | 2,200,000 | 2,239,907 |
Pennsylvania St Higher Edl Rev (Drexel University, PA Proj.) Series 2016, 5% 5/1/2035 | | 2,000,000 | 2,033,157 |
Pennsylvania St Higher Edl Rev (Duquesne Univ, PA Proj.) 4% 3/1/2037 | | 1,150,000 | 1,172,957 |
Pennsylvania St Higher Edl Rev (Duquesne Univ, PA Proj.) 5% 3/1/2036 | | 1,000,000 | 1,069,165 |
Pennsylvania St Higher Edl Rev (Duquesne Univ, PA Proj.) 5% 3/1/2038 | | 1,055,000 | 1,121,969 |
Pennsylvania St Higher Edl Rev (Duquesne Univ, PA Proj.) 5% 3/1/2039 | | 1,000,000 | 1,058,921 |
Pennsylvania St Univ Series 2024, 5.25% 9/1/2054 | | 6,000,000 | 6,768,743 |
Philadelphia PA Auth For Indl Dev Revs (St Josephs University, PA Proj.) Series 2017, 5% 11/1/2047 | | 5,000,000 | 5,056,217 |
Philadelphia PA Auth For Indl Dev Univ Rev (St Josephs University, PA Proj.) Series 2020 C, 4% 11/1/2035 | | 1,750,000 | 1,787,683 |
Philadelphia PA Auth For Indl Dev Univ Rev (St Josephs University, PA Proj.) Series 2020 C, 4% 11/1/2036 | | 1,500,000 | 1,524,665 |
Philadelphia PA Auth For Indl Dev Univ Rev (St Josephs University, PA Proj.) Series 2020 C, 4% 11/1/2037 | | 1,255,000 | 1,271,028 |
Philadelphia PA Auth For Indl Dev Univ Rev (St Josephs University, PA Proj.) Series 2020 C, 4% 11/1/2038 | | 1,000,000 | 1,007,472 |
Philadelphia PA Auth For Indl Dev Univ Rev (St Josephs University, PA Proj.) Series 2020A, 4% 11/1/2045 | | 3,825,000 | 3,661,465 |
State Pub Sch Bldg Auth PA College Rev (Delaware Cnty PA Cmnty Coll Auth Bldg Rev Proj.) 5% 10/1/2037 (Build America Mutual Assurance Co Insured) | | 530,000 | 581,722 |
State Pub Sch Bldg Auth PA College Rev (Delaware Cnty PA Cmnty Coll Auth Bldg Rev Proj.) 5% 10/1/2038 (Build America Mutual Assurance Co Insured) | | 600,000 | 654,844 |
State Pub Sch Bldg Auth PA College Rev (Delaware Cnty PA Cmnty Coll Auth Bldg Rev Proj.) 5.25% 10/1/2044 (Build America Mutual Assurance Co Insured) | | 1,100,000 | 1,189,720 |
| | | 86,757,609 |
Electric Utilities - 3.6% | | | |
Philadelphia PA Gas Wks Rev Series 14TH, 5% 10/1/2033 | | 1,500,000 | 1,557,293 |
Philadelphia PA Gas Wks Rev Series 14TH, 5% 10/1/2034 | | 500,000 | 518,506 |
Philadelphia PA Gas Wks Rev Series SEVENTEENTH A, 5.25% 8/1/2054 (Assured Guaranty Municipal Corp Insured) | | 3,000,000 | 3,315,803 |
Philadelphia PA Gas Wks Rev Series SIXTEENTH A, 5% 8/1/2050 (Assured Guaranty Municipal Corp Insured) | | 8,835,000 | 9,345,669 |
| | | 14,737,271 |
Escrowed/Pre-Refunded - 1.0% | | | |
Delaware Cnty PA Auth Rev Series 2017, 5% 7/1/2025 (Escrowed to Maturity) | | 1,000,000 | 1,013,996 |
Delaware Cnty PA Auth Rev Series 2017, 5% 7/1/2047 (Pre-refunded to 7/1/2027 at 100) | | 2,000,000 | 2,122,954 |
Doylestown PA Hosp Auth Hosp 5% 7/1/2046 (Pre-refunded to 7/1/2026 at 100) | | 655,000 | 681,162 |
| | | 3,818,112 |
General Obligations - 10.5% | | | |
Chartiers Valley PA Sch Dist Series 2021 A, 3% 10/15/2049 | | 4,000,000 | 3,200,548 |
Commonwealth Financing Authority (Pennsylvania St Proj.) Series 2018, 4% 6/1/2039 (Assured Guaranty Municipal Corp Insured) | | 630,000 | 634,478 |
Commonwealth Fing Auth PA Rev (Pennsylvania St Proj.) Series 2020 A, 5% 6/1/2032 | | 3,500,000 | 3,926,144 |
East Lycoming Sch Dist PA 3% 9/15/2035 | | 700,000 | 665,015 |
Fayette Cnty PA Gen. Oblig. Series 2021 A, 2% 11/15/2036 (Assured Guaranty Municipal Corp Insured) | | 1,000,000 | 777,133 |
Haverford Twp PA School Dist Series 2021 A, 2% 3/15/2032 | | 1,035,000 | 919,992 |
Parkland PA Sch Dist 3% 2/1/2035 | | 665,000 | 666,152 |
Pennsylvania St Ctfs Partn (Pennsylvania St Proj.) Series 2018, 5% 7/1/2029 | | 300,000 | 323,462 |
Pennsylvania St Ctfs Partn (Pennsylvania St Proj.) Series 2018, 5% 7/1/2030 | | 375,000 | 402,482 |
Pennsylvania St Ctfs Partn (Pennsylvania St Proj.) Series 2018, 5% 7/1/2031 | | 425,000 | 454,968 |
Pennsylvania St Gen. Oblig. Series 2016, 3% 9/15/2035 | | 315,000 | 301,812 |
Pennsylvania St Gen. Oblig. Series FIRST 2020, 2% 5/1/2039 | | 500,000 | 370,551 |
Pennsylvania St Gen. Oblig. Series FIRST 2021, 2% 5/15/2037 | | 1,060,000 | 839,300 |
Pennsylvania St Gen. Oblig. Series FIRST 2021, 2% 5/15/2038 | | 4,825,000 | 3,719,370 |
Philadelphia PA Gen. Oblig. Series 2017 A, 5% 8/1/2030 | | 1,500,000 | 1,587,741 |
Philadelphia PA Gen. Oblig. Series 2019B, 5% 2/1/2038 | | 3,000,000 | 3,250,568 |
Philadelphia PA Gen. Oblig. Series 2019B, 5% 2/1/2039 | | 7,600,000 | 8,186,085 |
Philadelphia PA Sch Dist 4% 9/1/2037 | | 2,100,000 | 2,155,700 |
Philadelphia PA Sch Dist 4% 9/1/2038 | | 2,300,000 | 2,352,324 |
Philadelphia PA Sch Dist 4% 9/1/2039 | | 2,000,000 | 2,037,969 |
Philadelphia PA Sch Dist 5% 9/1/2029 | | 1,250,000 | 1,340,035 |
Philadelphia PA Sch Dist 5% 9/1/2030 | | 1,000,000 | 1,066,995 |
Philadelphia PA Sch Dist 5% 9/1/2033 | | 1,000,000 | 1,060,731 |
Reading PA Sch Dist Series 2017, 5% 3/1/2035 (Assured Guaranty Municipal Corp Insured) | | 1,000,000 | 1,039,169 |
State Pub Sch Bldg Auth PA Sch Rev (Harrisburg PA Sch Dist Proj.) Series 2014B 2, 5% 12/1/2025 | | 335,000 | 336,219 |
West Mifflin PA Area Sch Dist 5% 4/1/2028 (Assured Guaranty Municipal Corp Insured) | | 1,390,000 | 1,451,908 |
| | | 43,066,851 |
Health Care - 26.3% | | | |
Butler Cnty PA Hosp Auth Rev (Butler Memorial Hospital,Pa Proj.) 5% 7/1/2026 | | 500,000 | 501,820 |
Butler Cnty PA Hosp Auth Rev (Butler Memorial Hospital,Pa Proj.) 5% 7/1/2027 | | 490,000 | 492,045 |
Butler Cnty PA Hosp Auth Rev (Butler Memorial Hospital,Pa Proj.) 5% 7/1/2028 | | 540,000 | 542,257 |
Butler Cnty PA Hosp Auth Rev (Butler Memorial Hospital,Pa Proj.) 5% 7/1/2029 | | 710,000 | 712,890 |
Butler Cnty PA Hosp Auth Rev (Butler Memorial Hospital,Pa Proj.) 5% 7/1/2030 | | 685,000 | 687,356 |
Butler Cnty PA Hosp Auth Rev (Butler Memorial Hospital,Pa Proj.) 5% 7/1/2035 | | 1,885,000 | 1,888,006 |
Butler Cnty PA Hosp Auth Rev (Butler Memorial Hospital,Pa Proj.) 5% 7/1/2039 | | 6,675,000 | 6,587,307 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series 2018 A, 5% 11/15/2026 | | 1,140,000 | 1,189,938 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series 2018 A, 5% 11/15/2027 | | 225,000 | 237,731 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series 2018 A, 5% 11/15/2028 | | 200,000 | 211,295 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series 2018 A, 5% 11/15/2029 | | 200,000 | 210,395 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series A, 4% 11/15/2032 | | 350,000 | 352,696 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series A, 4% 11/15/2034 | | 250,000 | 251,544 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series A, 4% 11/15/2035 | | 200,000 | 201,050 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series A, 5% 11/15/2028 | | 840,000 | 858,106 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series A, 5% 11/15/2029 | | 1,625,000 | 1,658,284 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series A, 5% 11/15/2030 | | 685,000 | 697,806 |
Centre Cnty PA Hosp Auth Rev (Mount Nittany Medical Center Proj.) Series B, 4% 11/15/2040 | | 600,000 | 600,382 |
Chester Cnty PA Hlth & Ed Facs Auth (Main Line Health Inc Proj.) Series 2017 A, 5% 10/1/2035 | | 2,125,000 | 2,229,072 |
Dauphin Cnty PA Gen Auth Hlth Sys Rev (UPMC Proj.) Series 2016 A, 5% 6/1/2034 | | 1,275,000 | 1,308,247 |
Dauphin Cnty PA Gen Auth Hlth Sys Rev (UPMC Proj.) Series 2016 A, 5% 6/1/2035 | | 1,000,000 | 1,024,422 |
Dauphin Cnty PA Gen Auth Hlth Sys Rev (UPMC Proj.) Series 2016 A, 5% 6/1/2036 | | 625,000 | 639,489 |
Doylestown PA Hosp Auth Hosp 4% 7/1/2045 | | 1,215,000 | 1,158,322 |
Doylestown PA Hosp Auth Hosp 5% 7/1/2046 | | 2,845,000 | 2,875,983 |
Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) 5% 7/15/2025 | | 200,000 | 202,153 |
Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) Series 2020, 4% 7/15/2045 | | 1,520,000 | 1,422,577 |
Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) Series 2020, 5% 7/15/2031 | | 1,030,000 | 1,071,872 |
Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) Series 2020, 5% 7/15/2034 | | 1,000,000 | 1,035,179 |
Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) Series 2020, 5% 7/15/2036 | | 1,400,000 | 1,443,899 |
Dubois PA Hosp Auth Hosp Rev (Penn Highlands Healthcare Proj.) Series 2020, 5% 7/15/2039 | | 1,160,000 | 1,189,146 |
Geisinger Auth PA Hlth Sys Rev (Kaiser Permanente Hlth System Proj.) 4% 6/1/2041 | | 2,000,000 | 1,993,656 |
Lancaster Cnty PA Hosp Aut Rev (Univ of Penn Health Systems Proj.) Series 2016 A, 5% 8/15/2034 | | 1,000,000 | 1,036,781 |
Lancaster Cnty PA Hosp Aut Rev (Univ of Penn Health Systems Proj.) Series 2016 A, 5% 8/15/2036 | | 1,000,000 | 1,033,208 |
Lancaster Municipal Authority (Garden Spot Village Proj.) Series 2024A, 5% 5/1/2044 | | 1,000,000 | 1,070,534 |
Lancaster Municipal Authority (Garden Spot Village Proj.) Series 2024A, 5% 5/1/2049 | | 900,000 | 948,879 |
Lancaster Municipal Authority (Garden Spot Village Proj.) Series 2024B, 5% 5/1/2054 | | 400,000 | 417,559 |
Lancaster Municipal Authority (Garden Spot Village Proj.) Series 2024B, 5% 5/1/2059 | | 535,000 | 555,943 |
Lancaster PA Mun Auth Rev (Wellspan Health Group Proj.) Series 2023B, 5% 6/1/2029 | | 4,000,000 | 4,409,808 |
Lehigh Cnty PA Gen Purp Auth Hosp Rev (Lehigh Valley Health Proj.) Series 2012B, 3.25% 7/1/2032 | | 340,000 | 334,677 |
Lehigh Cnty PA Gen Purp Auth Hosp Rev (Lehigh Valley Health Proj.) Series 2016 A, 4% 7/1/2035 | | 705,000 | 708,959 |
Lehigh Cnty PA Gen Purp Auth Hosp Rev (Lehigh Valley Health Proj.) Series 2019 A, 4% 7/1/2049 | | 5,000,000 | 4,704,504 |
Lehigh Cnty PA Gen Purp Auth Hosp Rev (Lehigh Valley Health Proj.) Series 2019 A, 5% 7/1/2036 | | 2,905,000 | 3,100,815 |
Lehigh Cnty PA Gen Purp Auth Hosp Rev (Lehigh Valley Health Proj.) Series 2019 A, 5% 7/1/2044 | | 5,000,000 | 5,191,968 |
Lehigh Cnty PA Gen Purp Auth Revs (Good Shepherd Obligated Group Proj.) Series 2021 A, 4% 11/1/2051 | | 4,000,000 | 3,545,799 |
Monroe Cnty PA Hosp Auth Rev (Lehigh Valley Health Proj.) 5% 7/1/2033 | | 3,675,000 | 3,758,455 |
Monroeville PA Fin Auth UPMC Rev (UPMC Proj.) 5% 5/15/2036 | | 280,000 | 316,865 |
Monroeville PA Fin Auth UPMC Rev (UPMC Proj.) 5% 5/15/2037 | | 330,000 | 371,852 |
Monroeville PA Fin Auth UPMC Rev (UPMC Proj.) 5% 5/15/2038 | | 390,000 | 437,449 |
Monroeville PA Fin Auth UPMC Rev (UPMC Proj.) 5% 5/15/2039 | | 250,000 | 278,166 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Holy Redeemer Hosp&Med Ctr, PA Proj.) 5% 10/1/2024 | | 335,000 | 335,000 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Holy Redeemer Hosp&Med Ctr, PA Proj.) 5% 10/1/2025 | | 750,000 | 750,203 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Holy Redeemer Hosp&Med Ctr, PA Proj.) 5% 10/1/2026 | | 1,000,000 | 1,000,524 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Holy Redeemer Hosp&Med Ctr, PA Proj.) 5% 10/1/2027 | | 1,000,000 | 1,000,482 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Holy Redeemer Hosp&Med Ctr, PA Proj.) 5% 10/1/2040 | | 4,000,000 | 3,772,087 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2018 A, 5% 9/1/2026 | | 1,500,000 | 1,552,133 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2019, 4% 9/1/2034 | | 2,500,000 | 2,538,562 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2019, 4% 9/1/2035 | | 1,400,000 | 1,418,358 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2019, 4% 9/1/2036 | | 1,200,000 | 1,212,411 |
Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2019, 4% 9/1/2037 | | 1,000,000 | 1,008,110 |
Northampton Cnty PA Gen Purp Auth Hosp Rev (St Lukes Hospital & Health Ntw Proj.) Series 2016 A, 3% 8/15/2032 | | 245,000 | 236,953 |
Northampton Cnty PA Gen Purp Auth Hosp Rev (St Lukes Hospital & Health Ntw Proj.) Series 2018A, 4% 8/15/2048 | | 4,500,000 | 4,249,589 |
Pennslyvania Dev Fing Auth Rev (Presbyterian Homes, PA Proj.) Series 2023B 2, 4.5% 7/1/2035 | | 2,875,000 | 3,035,912 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) 5% 5/15/2036 | | 450,000 | 512,224 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) 5% 5/15/2037 | | 425,000 | 481,697 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) 5% 5/15/2038 | | 575,000 | 649,643 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) 5% 5/15/2039 | | 800,000 | 896,588 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) Series 2023 A 2, 5% 5/15/2036 | | 400,000 | 455,310 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) Series 2023 A 2, 5% 5/15/2037 | | 500,000 | 566,703 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) Series 2023 A 2, 5% 5/15/2038 | | 500,000 | 564,907 |
Pennsylvania Econ Dev Fing Auth UPMC Rev (UPMC Proj.) Series 2023 A 2, 5% 5/15/2039 | | 620,000 | 695,349 |
Southcentral PA Gen Auth Rev (UPMC Proj.) Series 2015, 4% 12/1/2030 | | 1,040,000 | 1,047,203 |
Union Cnty PA Hosp Auth Hosp Rev (Evangelical Community Hospital Proj.) 5% 8/1/2048 | | 6,000,000 | 6,145,854 |
Westmoreland Cnty PA Indl Dev Auth Health Sys Rev (Excela Health Proj.) 4% 7/1/2026 | | 1,000,000 | 1,006,659 |
Westmoreland Cnty PA Indl Dev Auth Health Sys Rev (Excela Health Proj.) 4% 7/1/2037 | | 1,400,000 | 1,307,966 |
Westmoreland Cnty PA Indl Dev Auth Health Sys Rev (Excela Health Proj.) 5% 7/1/2027 | | 200,000 | 207,111 |
Westmoreland Cnty PA Indl Dev Auth Health Sys Rev (Excela Health Proj.) 5% 7/1/2028 | | 1,130,000 | 1,179,862 |
Westmoreland Cnty PA Indl Dev Auth Health Sys Rev (Excela Health Proj.) 5% 7/1/2029 | | 500,000 | 524,912 |
Westmoreland Cnty PA Indl Dev Auth Health Sys Rev (Excela Health Proj.) 5% 7/1/2030 | | 1,000,000 | 1,049,470 |
| | | 107,098,928 |
Housing - 7.8% | | | |
Pennsylvania Hsg Fin Agy Single Family Mtg (PA Single Family Mortgage Proj.) Series 2016 121, 2.8% 10/1/2031 | | 350,000 | 332,078 |
Pennsylvania Hsg Fin Agy Single Family Mtg (PA Single Family Mortgage Proj.) Series 2017 125 B, 3.65% 10/1/2042 | | 620,000 | 599,342 |
Pennsylvania Hsg Fin Agy Single Family Mtg (PA Single Family Mortgage Proj.) Series B, 3.8% 10/1/2035 | | 1,080,000 | 1,077,834 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage 1982 Adopted April 1, 1982 Sf&Mf Mbs Open Go Proj.) 5% 10/1/2024 | | 850,000 | 850,000 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage 1982 Adopted April 1, 1982 Sf&Mf Mbs Open Go Proj.) 5% 10/1/2024 | | 1,000,000 | 1,000,000 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage 1982 Adopted April 1, 1982 Sf&Mf Mbs Open Go Proj.) Series 2021 137, 5% 10/1/2024 | | 265,000 | 265,000 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 2.7% 4/1/2033 | | 1,500,000 | 1,386,838 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 3.5% 4/1/2049 | | 2,110,000 | 2,104,325 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 10/1/2025 | | 370,000 | 374,399 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 10/1/2026 | | 1,500,000 | 1,543,720 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 10/1/2027 | | 650,000 | 691,419 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 10/1/2028 | | 950,000 | 1,027,465 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 10/1/2029 | | 2,410,000 | 2,569,192 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 10/1/2029 | | 450,000 | 494,423 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 10/1/2043 | | 2,000,000 | 2,111,398 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 4/1/2026 | | 995,000 | 1,016,589 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 4/1/2029 | | 100,000 | 108,942 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) 5% 4/1/2029 | | 2,400,000 | 2,543,784 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2019 130A, 4% 10/1/2049 | | 680,000 | 680,390 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2020 132A, 3.5% 4/1/2051 | | 970,000 | 967,585 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 2.45% 10/1/2041 | | 1,305,000 | 1,041,288 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 10/1/2025 | | 220,000 | 224,244 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 10/1/2026 | | 280,000 | 291,963 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 10/1/2027 | | 225,000 | 239,337 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 10/1/2028 | | 260,000 | 281,201 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 10/1/2029 | | 365,000 | 401,032 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 4/1/2025 | | 200,000 | 201,902 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 4/1/2026 | | 240,000 | 247,301 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 4/1/2027 | | 225,000 | 236,955 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 4/1/2028 | | 250,000 | 267,996 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 4/1/2029 | | 310,000 | 337,856 |
Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2023 142A, 4.5% 10/1/2038 | | 5,925,000 | 6,201,902 |
| | | 31,717,700 |
Resource Recovery - 2.7% | | | |
Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2021A 2, 4.6% tender 10/1/2046 (b)(c) | | 10,845,000 | 10,962,972 |
Special Tax - 0.3% | | | |
Pittsburgh & Alleg Cnty Parking 5% 12/15/2032 | | 500,000 | 525,601 |
Pittsburgh & Alleg Cnty Parking 5% 12/15/2033 | | 500,000 | 525,399 |
| | | 1,051,000 |
Transportation - 18.6% | | | |
Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2021 A, 5% 1/1/2051 (b) | | 12,000,000 | 12,512,545 |
Delaware Riv Port Auth PA & NJ 5% 1/1/2037 | | 1,000,000 | 1,082,941 |
Delaware Riv Port Auth PA & NJ 5% 1/1/2038 | | 1,300,000 | 1,406,379 |
Delaware Riv Port Auth PA & NJ 5% 1/1/2039 | | 1,000,000 | 1,080,707 |
Pennsylvania Turnpike Commission Series 2014 A 2, 5.125% 12/1/2040 (d) | | 5,500,000 | 5,934,303 |
Pennsylvania Turnpike Commission Series 2019 A, 5% 12/1/2037 | | 5,815,000 | 6,338,602 |
Pennsylvania Turnpike Commission Series 2020 B, 5% 12/1/2050 | | 5,000,000 | 5,364,102 |
Pennsylvania Turnpike Commission Series 2021 A, 4% 12/1/2044 | | 4,000,000 | 4,002,580 |
Pennsylvania Turnpike Commission Series 2021 A, 4% 12/1/2045 | | 4,000,000 | 3,990,096 |
Pennsylvania Turnpike Commission Series 2021 B, 4% 12/1/2040 | | 1,000,000 | 1,016,488 |
Pennsylvania Turnpike Commission Series 2021 B, 4% 12/1/2041 | | 1,000,000 | 1,011,828 |
Pennsylvania Turnpike Commission Series 2021 B, 4% 12/1/2042 | | 1,500,000 | 1,511,520 |
Pennsylvania Turnpike Commission Series 2021 B, 5% 12/1/2046 | | 2,000,000 | 2,172,018 |
Pennsylvania Turnpike Commission Series 2024 A, 5% 12/1/2043 | | 4,615,000 | 5,177,074 |
Pennsylvania Turnpike Commission Series A 2, 5% 12/1/2028 (d) | | 500,000 | 526,215 |
Pennsylvania Turnpike Commission Series A 2, 5% 12/1/2038 (d) | | 2,500,000 | 2,672,501 |
Pennsylvania Turnpike Commission Series B 1, 5% 6/1/2034 | | 5,000,000 | 5,241,529 |
Philadelphia PA Airport Rev 5% 7/1/2031 (b) | | 1,000,000 | 1,040,622 |
Philadelphia PA Airport Rev 5% 7/1/2033 (b) | | 2,250,000 | 2,336,175 |
Philadelphia PA Airport Rev 5% 7/1/2037 (b) | | 5,065,000 | 5,232,302 |
Philadelphia PA Airport Rev 5% 7/1/2042 | | 350,000 | 361,016 |
Philadelphia PA Airport Rev 5% 7/1/2047 (b) | | 3,035,000 | 3,092,199 |
Susquehanna Area Regl Arpt Auth PA Arpt Sys Rev Series 2017, 5% 1/1/2035 (b) | | 1,000,000 | 1,022,998 |
Susquehanna Area Regl Arpt Auth PA Arpt Sys Rev Series 2017, 5% 1/1/2038 (b) | | 1,125,000 | 1,145,153 |
| | | 75,271,893 |
Water & Sewer - 6.2% | | | |
Allegheny Cnty PA San Auth Swr Series 2024, 5% 12/1/2049 (e) | | 2,000,000 | 2,171,800 |
Allegheny Cnty PA San Auth Swr Series 2024, 5% 12/1/2055 (e) | | 1,750,000 | 1,884,550 |
Allegheny Cnty PA San Auth Swr Series 2024, 5.25% 12/1/2055 (e) | | 2,500,000 | 2,737,384 |
Capital Region Wtr PA Wtr Rev 5% 7/15/2030 | | 1,500,000 | 1,618,377 |
Capital Region Wtr PA Wtr Rev 5% 7/15/2031 | | 1,250,000 | 1,344,372 |
Philadelphia PA Wtr & Wastewtr Series 2020, 5% 10/1/2040 | | 3,195,000 | 3,482,972 |
Philadelphia PA Wtr & Wastewtr Series 2023B, 5.5% 9/1/2053 (Assured Guaranty Municipal Corp Insured) | | 5,000,000 | 5,715,583 |
Pittsburgh PA Wtr & Swr Auth Series 2019 A, 5% 9/1/2044 (Assured Guaranty Municipal Corp Insured) | | 3,600,000 | 3,821,805 |
Pittsburgh PA Wtr & Swr Auth Series 2019 B, 4% 9/1/2034 (Assured Guaranty Municipal Corp Insured) | | 2,000,000 | 2,061,635 |
Pittsburgh PA Wtr & Swr Auth Series 2019 B, 4% 9/1/2035 (Assured Guaranty Municipal Corp Insured) | | 400,000 | 411,006 |
| | | 25,249,484 |
TOTAL PENNSYLVANIA | | | 399,731,820 |
PUERTO RICO - 1.1% | | | |
General Obligations - 0.6% | | | |
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033 | | 1,225,367 | 831,702 |
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2027 | | 145,000 | 151,385 |
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2029 | | 440,000 | 475,106 |
Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.75% 7/1/2031 | | 1,045,000 | 1,161,974 |
| | | 2,620,167 |
Special Tax - 0.2% | | | |
Puerto Rico Sales Tax Fing Corp Sales Tax Rev Series A 1, 0% 7/1/2031 | | 1,155,000 | 890,782 |
Water & Sewer - 0.3% | | | |
Puerto Rico Comwlth Aqueduct & Swr Auth Rev Series 2021 B, 5% 7/1/2037 (f) | | 1,155,000 | 1,218,564 |
TOTAL PUERTO RICO | | | 4,729,513 |
TOTAL MUNICIPAL SECURITIES (Cost $410,005,627) | | | 404,461,333 |
| | | |
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 Securities 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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