Principal Amount ($) | Value ($) | ||
Municipal Investments 100.8% | |||
Alabama 4.3% | |||
Alabama, Black Belt Energy Gas District Gas Project Revenue: | |||
Series D-1, 4.0%, Mandatory Put 6/1/2027 @ 100, 7/1/2052, GTY: Royal Bank of Canada, LIQ: Royal Bank of Canada | 1,335,000 | 1,346,554 | |
Series C-1, 4.0%, Mandatory Put 12/1/2026 @ 100, 10/1/2052, GTY: Goldman Sachs Group, Inc. | 7,000,000 | 7,049,933 | |
Series B-1, 4.0%, Mandatory Put 10/1/2027 @ 100, 4/1/2053, GTY: Goldman Sachs Group, Inc. | 2,615,000 | 2,634,256 | |
Jefferson, AL, Sewer Revenue, 5.25%, 10/1/2041 | 1,500,000 | 1,660,578 | |
Southeast Alabama, Energy Authority A Cooperative District: | |||
Series B-1, 5.0%, Mandatory Put 8/1/2028 @ 100, 5/1/2053, GTY: Goldman Sachs Group, Inc. | 3,635,000 | 3,802,301 | |
Series B, 5.0%, Mandatory Put 6/1/2030 @ 100, 1/1/2054, LIQ: Royal Bank of Canada | 8,490,000 | 9,042,735 | |
Series A-1, 5.5%, Mandatory Put 1/1/2031 @ 100, 11/1/2053, GTY: Morgan Stanley | 6,000,000 | 6,544,910 | |
32,081,267 | |||
Alaska 0.2% | |||
Alaska, State General Obligation, Series A, 5.0%, 8/1/2029 (a) | 1,300,000 | 1,403,158 | |
Arizona 3.1% | |||
Arizona, Chandler Industrial Development Authority, Intel Corp., 3.8%, Mandatory Put 6/15/2028 @ 100, 12/1/2035 | 3,000,000 | 3,072,956 | |
Arizona, Industrial Development Authority, Authority Hospital Revenue Bond, Phoenix Childrens Hospital: | |||
Series A, 5.0%, 2/1/2030 | 600,000 | 666,755 | |
Series A, 5.0%, 2/1/2031 | 1,200,000 | 1,347,949 | |
Arizona, Salt River Project Agricultural Improvement and Power District, Electric System Revenue: | |||
Series A, 5.0%, 1/1/2028 | 1,160,000 | 1,253,617 | |
Series A, 5.0%, 1/1/2029 | 1,605,000 | 1,770,056 | |
Arizona, State Industrial Development Authority Revenue, “A”, Series 2019-2, 3.625%, 5/20/2033 | 4,557,130 | 4,406,388 | |
Arizona, State Industrial Development Authority, Education Revenue, Odyssey Preparatory Academy Project, 144A, 4.375%, 7/1/2039 | 1,500,000 | 1,411,558 | |
Maricopa County, AZ, Industrial Development Authority, Education Revenue, Legacy Traditional Schools Project, 4.0%, 7/1/2034 | 4,000,000 | 3,974,425 | |
Maricopa County, AZ, Industrial Development Authority, Education Revenue, Legency Traditional School Project, Series B, 144A, 5.0%, 7/1/2039 | 1,000,000 | 1,025,548 | |
Maricopa County, AZ, Industrial Development Authority, Hospital Revenue: | |||
Series D, 5.0%, 12/1/2039 (a) | 1,445,000 | 1,618,106 | |
Series D, 5.0%, 12/1/2040 (a) | 1,500,000 | 1,668,436 | |
Series D, 5.0%, 12/1/2041 (a) | 1,000,000 | 1,106,627 | |
23,322,421 | |||
California 6.9% | |||
Anaheim, CA, Housing & Public Improvements Authority, Electric Utility Distribution System: | |||
Series E, 5.0%, 10/1/2028 | 1,000,000 | 1,074,512 | |
Series E, 5.0%, 10/1/2029 | 1,000,000 | 1,072,433 | |
California, Bay Area Toll Authority, Toll Bridge Revenue: | |||
Series D, MUNIPSA + 0.3%, 3.22% (b), Mandatory Put 4/1/2027 @ 100, 4/1/2056 | 3,000,000 | 2,961,212 | |
Series C, MUNIPSA + 0.45%, 3.37% (b), Mandatory Put 4/1/2026 @ 100, 4/1/2056 | 1,000,000 | 996,436 | |
California, Federal Home Loan Mortgage Corp., Multi-Family Variable Rate Certificates, “A”, Series M-050, 144A, AMT, 3.05%, 6/15/2037 | 6,105,000 | 5,657,424 | |
California, Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-1, Prerefunded, 5.0%, 6/1/2032 | 5,000,000 | 5,448,147 | |
California, Infrastructure & Economic Development Bank Revenue, Brightline West Passenger Rail Project, Series A-4, 144A, AMT, 8.0%, Mandatory Put 8/15/2025 @ 104, 1/1/2050 | 1,000,000 | 1,009,573 | |
California, Moreland School District, General Obligation: | |||
Series B, 5.0%, 8/1/2039 (a) | 1,000,000 | 1,155,475 | |
Series B, 5.0%, 8/1/2040 (a) | 1,025,000 | 1,176,731 | |
California, State General Obligation: | |||
Series C-3, 2.0% (c), 9/6/2024, LOC: U.S Bank NA | 150,000 | 150,000 | |
Series A-1, 3.5% (c), 9/3/2024, LOC: Barclays Bank PLC | 200,000 | 200,000 | |
Series A-2, 3.7% (c), 9/3/2024, LOC: State Street B&T Co. | 500,000 | 500,000 | |
California, State Housing Finance Agency, Multi-Family Green Tax-Exempt Mortgage Backed Bonds, Noble Towers Apartment, Series N, 2.35%, 12/1/2035 | 9,227,336 | 7,936,806 | |
California, Statewide Communities Development Authority, Multi-Family Housing Revenue, Foxwood Apartments Project, Series J, 2.74% (c), 9/6/2024, LOC: Wells Fargo Bank NA | 200,000 | 200,000 | |
California, University of California Revenue, Series BS, 5.0%, 5/15/2041 | 2,000,000 | 2,306,812 | |
Los Angeles, CA, Department of Airports Revenue, Los Angeles International Airport: | |||
Series H, AMT, 5.5%, 5/15/2036 | 1,820,000 | 2,067,929 | |
Series H, AMT, 5.5%, 5/15/2037 | 4,985,000 | 5,646,759 | |
San Francisco, CA, City & County Airports Commission, International Airport Revenue, Series A, AMT, 5.0%, 5/1/2035 | 7,000,000 | 7,441,652 | |
Santa Barbara County, CA, Solid Waste System Revenue, Certificates of Participation, Series B, AMT, 5.0%, 12/1/2035 | 5,000,000 | 5,301,421 | |
52,303,322 | |||
Colorado 3.4% | |||
Colorado, Bridge & Tunnel Enterprise Revenue: | |||
Series A, 5.0%, 12/1/2041, INS: AGMC | 550,000 | 615,376 | |
Series A, 5.0%, 12/1/2042, INS: AGMC | 1,525,000 | 1,697,928 | |
Colorado, Colorado Health Facilities Authority Revenue, AdventHealth Obligated Group, Series A, 5.0%, Mandatory Put 11/15/2029 @ 100, 11/15/2059 | 1,000,000 | 1,097,807 | |
Colorado, General Obligation, Vauxmont Metropolitan District, 3.25%, 12/15/2050, INS: AGMC | 1,605,000 | 1,344,159 | |
Colorado, State Housing & Finance Authority, “III”, Series H, 4.25%, 11/1/2049 | 1,175,000 | 1,189,535 | |
Colorado, State Housing & Finance Authority Revenue, “III”, Series L, 5.75%, 11/1/2053 | 4,935,000 | 5,322,381 | |
Denver City & County, CO, Airport System Revenue: | |||
Series A, AMT, 5.0%, 12/1/2035 | 10,000,000 | 10,483,011 | |
Series D, AMT, 5.75%, 11/15/2037 | 1,375,000 | 1,596,813 | |
Denver, CO, Convention Center Hotel Authority Revenue: | |||
5.0%, 12/1/2027 | 500,000 | 515,935 | |
5.0%, 12/1/2033 | 500,000 | 511,924 | |
5.0%, 12/1/2034 | 1,000,000 | 1,022,755 | |
25,397,624 | |||
Connecticut 1.4% | |||
Connecticut, State General Obligation, Series B, 3.0%, 6/1/2037 | 1,075,000 | 998,253 | |
Connecticut, State Health & Educational Facilities Authority Revenue, Yale-New Haven Health Obligated Group, Series B, 5.0%, Mandatory Put 7/1/2029 @ 100, 7/1/2049 | 1,000,000 | 1,093,286 | |
Connecticut, State Housing Finance Program Authority Revenue: | |||
Series A-1, 4.0%, 11/15/2047 | 1,070,000 | 1,073,837 | |
Series D, 6.25%, 5/15/2054 | 1,950,000 | 2,151,264 | |
Connecticut, State Special Tax Obligation Revenue, Transportation Infrastructure Purpose: | |||
Series A, 5.0%, 7/1/2028 | 3,000,000 | 3,272,328 | |
Series A, 5.0%, 7/1/2038 | 1,565,000 | 1,779,405 | |
10,368,373 | |||
District of Columbia 0.2% | |||
District of Columbia, Income Tax Revenue, Series A, 5.0%, 10/1/2037 | 1,000,000 | 1,172,593 | |
Florida 6.1% | |||
Broward County, FL, Airport System Revenue, Series A, AMT, 5.0%, 10/1/2037 | 2,365,000 | 2,493,499 | |
Central Florida, Tourism Oversight District, Reedy Creek Improvement District, Series A, 4.0%, 6/1/2032 | 1,500,000 | 1,522,805 | |
Escambia County, FL, Housing Finance Authority Single Family Mortgage Revenue, County Program, Series A, 4.75%, 4/1/2050 | 1,975,000 | 2,003,246 | |
Florida, Capital Project Finance Authority, Student Housing Revenue, Series A-1, 5.0%, 10/1/2029 | 1,650,000 | 1,747,090 | |
Florida, Capital Trust Agency, Educational Growth Fund, Charter Educational Foundation Project, Series A-1, 144A, 3.375%, 7/1/2031 | 2,005,000 | 1,945,874 | |
Florida, Development Finance Corp., Educational Facilities Revenue, Mater Academy Projects: | |||
Series A, 144A, 5.0%, 11/15/2030 | 1,000,000 | 935,977 | |
Series A, 5.0%, 6/15/2035 | 1,000,000 | 1,027,739 | |
Florida, Development Finance Corp., AAF Operations Holdings LLC, 144A, AMT, 12.0%, Mandatory Put 7/15/2028 @ 109, 7/15/2032 | 2,085,000 | 2,225,748 | |
Florida, Development Finance Corp., Brightline Trains Florida LLC, AMT, 5.0%, 7/1/2041 | 6,000,000 | 6,147,340 | |
Florida, Development Finance Corp., Health Sciences Center Inc. Obligated Group, Series A, 5.0%, 8/1/2041 | 1,000,000 | 1,077,100 | |
Florida, Tohopekaliga Water Utility System Revenue, 4.0%, 10/1/2032 | 2,145,000 | 2,171,818 | |
Florida, Village Community Development District No. 15, Special Assessment Revenue, 144A, 4.85%, 5/1/2038 | 1,000,000 | 1,031,192 | |
Jacksonville, FL, Special Revenue, Series C, 5.25%, 10/1/2036 | 5,000,000 | 5,785,161 | |
Lake County, FL, Educational Facilities Revenue, Imagine South Lake Charter School Project, Series A, 144A, 5.0%, 1/15/2029 | 540,000 | 547,595 | |
Lee County, FL, School Board Certificates of Participation, Series A, 5.0%, 8/1/2027 | 4,360,000 | 4,365,947 | |
Miami-Dade County, FL, School Board, Certificates of Participation, Series D, 5.0%, 2/1/2029 | 7,000,000 | 7,166,249 | |
Miami-Dade County, FL, Seaport Revenue, Series A, AMT, 5.0%, 10/1/2040 | 2,250,000 | 2,423,214 | |
Miami-Dade County, FL, Water & Sewer System Revenue, Series A, 5.0%, 10/1/2048 | 750,000 | 823,248 | |
Village, FL, Community Development District No. 13, Special Assessment Revenue, 3.0%, 5/1/2029 | 955,000 | 927,741 | |
46,368,583 | |||
Georgia 6.7% | |||
Atlanta, GA, Development Authority Tax Allocation, Series A, 144A, 5.0%, 4/1/2034 | 1,000,000 | 1,022,566 | |
Atlanta, GA, Water & Wastewater Revenue, Series B, 5.25%, 11/1/2027, INS: AGMC | 10,000,000 | 10,552,992 | |
Burke County, GA, Development Authority, Pollution Control Revenue, Oglethorpe Power Corp., Series E, 3.25%, Mandatory Put 2/3/2025 @ 100, 11/1/2045 | 8,800,000 | 8,767,610 | |
Cobb County, GA, Kennestone Hospital Authority, Wellstar Health System, Inc. Project: | |||
Series B, 4.0%, 4/1/2032 | 200,000 | 204,775 | |
Series B, 4.0%, 4/1/2033 | 200,000 | 204,534 | |
Series B, 4.0%, 4/1/2034 | 250,000 | 255,346 | |
Series B, 4.0%, 4/1/2035 | 225,000 | 229,456 | |
Series B, 4.0%, 4/1/2036 | 250,000 | 254,030 | |
Georgia, Gainesville & Hall County Hospital Authority Revenue, Northeast Georgia Health System Obligated Group, 5.0%, 10/15/2030 | 1,375,000 | 1,525,054 | |
Georgia, George L Smith II World Congress Center Authority, Convention Center Hotel Second Tier Revenue, Series B, 144A, 5.0%, 1/1/2036 | 1,250,000 | 1,265,224 | |
Georgia, Main Street Natural Gas, Inc., Gas Project Revenue: | |||
Series C, 4.0%, Mandatory Put 12/1/2028 @ 100, 5/1/2052, GTY: Citigroup Global Markets | 10,000,000 | 10,122,699 | |
Series C, 5.0%, Mandatory Put 9/1/2030 @ 100, 9/1/2053, GTY: Royal Bank of Canada | 1,155,000 | 1,236,304 | |
Series A, 5.5%, 9/15/2024, GTY: Merrill Lynch & Co. | 1,705,000 | 1,705,795 | |
Georgia, Main Street Natural Gas, Inc., Gas Supply Revenue: | |||
Series B, 4.0%, Mandatory Put 12/2/2024 @ 100, 8/1/2049, GTY: TD Bank NA | 5,000,000 | 5,004,000 | |
Series A, 5.0%, 5/15/2035, GTY: Macquarie Group Ltd. | 3,135,000 | 3,416,544 | |
Georgia, Paulding County Hospital Authority Revenue, WellStar Health System Obligated Group, Series A, 5.0%, 4/1/2043 | 2,065,000 | 2,220,561 | |
Monroe County, GA, Development Authority, Pollution Control Revenue, Georgia Power Co. Plant Scherer Project, Series 1st, 2.25%, 7/1/2025 | 2,295,000 | 2,262,396 | |
50,249,886 | |||
Hawaii 0.6% | |||
Hawaii, State General Obligation, Series FK, 4.0%, 5/1/2032 | 4,400,000 | 4,504,116 | |
Illinois 4.1% | |||
Chicago, IL, Midway International Airport Revenue, Series A, AMT, 5.75%, 1/1/2041, INS: BAM | 1,000,000 | 1,137,148 | |
Chicago, IL, O'Hare International Airport Revenue: | |||
Series C, AMT, 5.0%, 1/1/2035 | 715,000 | 774,037 | |
Series C, AMT, 5.0%, 1/1/2036 | 500,000 | 539,247 | |
5.25%, 1/1/2039, INS: BAM | 825,000 | 926,870 | |
5.25%, 1/1/2040, INS: BAM | 1,130,000 | 1,262,691 | |
Chicago, IL, O'Hare International Airport Revenue, Senior Lien, Series A, AMT, 5.0%, 1/1/2036 | 2,500,000 | 2,622,267 | |
Illinois, Housing Development Authority Revenue, Series K, 6.25%, 10/1/2053 | 4,820,000 | 5,411,845 | |
Illinois, State Finance Authority Revenue, University of Chicago, Series A, 5.25%, 4/1/2045 | 1,000,000 | 1,126,548 | |
Illinois, State General Obligation: | |||
Series B, 5.0%, 5/1/2028 | 1,000,000 | 1,072,419 | |
Series B, 5.25%, 10/1/2037 | 2,000,000 | 2,241,068 | |
5.5%, 5/1/2025 | 1,500,000 | 1,524,129 | |
Series C, 5.5%, 10/1/2039 | 2,000,000 | 2,266,836 | |
Illinois, State Municipal Electric Agency, Power Supply Revenue, Series A, 5.0%, 2/1/2028 | 6,500,000 | 6,605,163 | |
Springfield, IL, Electric Revenue, Senior Lien, 5.0%, 3/1/2029 | 3,500,000 | 3,532,523 | |
31,042,791 | |||
Indiana 2.3% | |||
Indiana, Finance Authority Revenue, Deaconess Health System, Series B, MUNIPSA + 0.3%, 3.22% (b), Mandatory Put 3/1/2027 @ 100, 3/1/2039 | 2,245,000 | 2,216,593 | |
Indiana, Rockport Pollution Control Revenue, Michigan Power Co. Project, Series A, 3.05%, 6/1/2025 | 3,700,000 | 3,680,883 | |
Indiana, State Finance Authority Revenue, BHI Senior Living Obligated Group, 5.0%, 11/15/2033 | 2,000,000 | 2,083,440 | |
Indiana, State Finance Authority Revenue, Methodist Hospitals, Inc. Obligated Group, Series A, 5.5%, 9/15/2039 | 1,070,000 | 1,172,329 | |
Indiana, State Finance Authority, CWA Authority Inc., Revenue: | |||
Series A, 5.0%, 10/1/2040 | 1,000,000 | 1,136,954 | |
Series A, 5.0%, 10/1/2041 | 1,000,000 | 1,128,105 | |
Indianapolis, IN, Local Public Improvement Bond Bank, Airport Authority Project: | |||
Series I2, AMT, 5.0%, 1/1/2030 | 1,500,000 | 1,618,629 | |
Series G-2, AMT, 5.25%, 1/1/2037 | 1,700,000 | 1,869,952 | |
Series E, 5.5%, 3/1/2038 | 2,000,000 | 2,239,683 | |
17,146,568 | |||
Iowa 0.3% | |||
Iowa, State Finance Authority Revenue, Lifespace Communities, Inc. Obligated Group, Series B, 6.6%, 5/15/2028 | 1,580,000 | 1,656,607 | |
Iowa, State Student Loan Liquidity Corp., Senior Revenue, Series B, AMT, 3.0%, 12/1/2039 | 215,000 | 206,415 | |
Iowa, Tobacco Settlement Authority Revenue, “2”, Series B1, 4.0%, 6/1/2049 | 510,000 | 511,772 | |
2,374,794 | |||
Louisiana 0.2% | |||
New Orleans, LA, Aviation Board Special Facility Revenue, Parking Facilities Corp., Consol Garage System, Series A, 5.0%, 10/1/2035, INS: AGMC | 1,250,000 | 1,326,300 | |
Maryland 0.0% | |||
Maryland, State Health & Higher Educational Facilities Authority Revenue, Gaudenzia Foundation, 2.92% (c), 9/6/2024, LOC: PNC Bank NA | 200,000 | 200,000 | |
Massachusetts 1.9% | |||
Massachusetts, State Development Finance Agency Revenue, CareGroup Obligated Group: | |||
Series J2, 5.0%, 7/1/2033 | 1,000,000 | 1,050,345 | |
Series J2, 5.0%, 7/1/2034 | 2,000,000 | 2,098,768 | |
Massachusetts, State Development Finance Agency Revenue, Northeastern University, 5.0%, 10/1/2037 | 1,250,000 | 1,422,065 | |
Massachusetts, State Educational Financing Authority, Series B, AMT, 3.0%, 7/1/2035 | 140,000 | 139,523 | |
Massachusetts, State Educational Financing Authority, Educational Loan Revenue Bonds, Issue M, Series B, AMT, 2.0%, 7/1/2037 | 415,000 | 364,249 | |
Massachusetts, State Port Authority: | |||
Series A, AMT, 5.0%, 7/1/2035 | 5,000,000 | 5,314,743 | |
Series A, AMT, 5.0%, 7/1/2036 | 4,000,000 | 4,237,936 | |
14,627,629 | |||
Michigan 2.8% | |||
Michigan, State Finance Authority Revenue, Henry Ford Health System, 5.0%, 11/15/2031 | 10,700,000 | 11,088,183 | |
Michigan, State Strategic Fund Ltd., Obligation Revenue, Improvement Project: | |||
AMT, 5.0%, 6/30/2032 | 1,320,000 | 1,382,738 | |
AMT, 5.0%, 12/31/2032 | 700,000 | 732,728 | |
AMT, 5.0%, 12/31/2033 | 1,600,000 | 1,672,588 | |
Michigan, Trunk Line Revenue, Rebuilding Michigan Program: | |||
Series A, 4.0%, 11/15/2038 | 2,500,000 | 2,569,653 | |
5.5%, 11/15/2044 | 3,000,000 | 3,464,158 | |
20,910,048 | |||
Minnesota 0.2% | |||
Minnesota, State Office of Higher Education Revenue, AMT, 2.65%, 11/1/2038 | 2,070,000 | 1,845,274 | |
Mississippi 1.6% | |||
Mississippi, State Gaming Tax Revenue: | |||
Series E, 5.0%, 10/15/2028 | 4,755,000 | 4,853,364 | |
Series A, 5.0%, 10/15/2036 | 4,000,000 | 4,205,744 | |
Mississippi, State University Educational Building Corp. Revenue, Institutions of Higher Learning: | |||
Series B, 5.0%, 8/1/2042 | 1,465,000 | 1,647,410 | |
Series B, 5.0%, 8/1/2043 | 1,540,000 | 1,724,212 | |
12,430,730 | |||
Missouri 1.1% | |||
Missouri, Higher Education Loan Authority Revenue, Taxable Student Loan Asset Back Notes, “A1A”, Series 2021-1, 1.53%, 1/25/2061 | 3,203,270 | 2,938,004 | |
Missouri, Plaza At Noah's Ark Community Improvement District, 3.0%, 5/1/2030 | 725,000 | 685,652 | |
Missouri, State Health & Educational Facilities Authority Revenue, St Louis University, Series B, 3.55% (c), 9/3/2024, LOC: U.S Bank NA | 900,000 | 900,000 | |
Missouri, State Housing Development Commission, Single Family Mortgage Revenue, First Homeownership Loan Program, Series C, 6.0%, 5/1/2053 | 3,380,000 | 3,757,895 | |
8,281,551 | |||
Nebraska 0.4% | |||
Nebraska, Public Power District Revenue, Series A, 5.0%, 1/1/2037 | 2,750,000 | 3,059,108 | |
Nevada 0.2% | |||
Nevada, Department of Business & Industry Revenue, Brightline West Passenger Rail Project, Series A4, AMT, 8.125%, Mandatory Put 8/15/2025 @ 104, 1/1/2050 | 350,000 | 353,351 | |
Sparks, NV, Tourism Improvement District #1 Revenue, Sales Tax, Series A, 144A, 2.75%, 6/15/2028 | 915,000 | 890,432 | |
1,243,783 | |||
New Hampshire 1.0% | |||
New Hampshire, Business Finance Authority Revenue: | |||
“A", Series 2, 4.0%, 10/20/2036 | 2,925,590 | 2,895,624 | |
Series 2022-1, 4.375%, 9/20/2036 | 3,888,487 | 3,960,654 | |
New Hampshire, State Health and Education Facilities Authority Act Revenue, Trustees of Dartmouth College, Series A, 3.3%, Mandatory Put 8/3/2027 @ 100, 6/1/2040 | 815,000 | 821,187 | |
7,677,465 | |||
New Jersey 2.5% | |||
New Jersey, State Economic Development Authority Revenue, White Horse HMT Urban Renewal LLC Project, 144A, 5.0%, 1/1/2040* (d) | 1,505,000 | 1,043,186 | |
New Jersey, State Economic Development Authority, Motor Vehicle Surcharge Revenue, Series A, 3.125%, 7/1/2029 | 915,000 | 895,214 | |
New Jersey, State Higher Education Assistance Authority, Student Loan Revenue: | |||
Series B, AMT, 3.25%, 12/1/2039 | 645,000 | 613,180 | |
Series B, AMT, 3.5%, 12/1/2039 | 1,235,000 | 1,200,600 | |
Series B, AMT, 4.0%, 12/1/2041 | 4,430,000 | 4,429,778 | |
New Jersey, State Transportation Trust Fund Authority, Transportation Systems, Series CC, 5.0%, 6/15/2038 | 2,000,000 | 2,233,907 | |
New Jersey, State Turnpike Authority Revenue: | |||
Series A, 4.0%, 1/1/2035 | 2,000,000 | 2,185,292 | |
Series C, 5.0%, 1/1/2045 (a) | 3,000,000 | 3,324,996 | |
New Jersey, Tobacco Settlement Financing Corp., Series A, 5.0%, 6/1/2030 | 3,000,000 | 3,161,193 | |
19,087,346 | |||
New Mexico 0.2% | |||
New Mexico, State Mortgage Finance Authority, “I”, Series C, 4.0%, 1/1/2050 | 1,805,000 | 1,813,626 | |
New York 11.8% | |||
Broome County, NY, Local Development Corp., Revenue, United Health Services Hospitals, Inc., Project: | |||
3.0%, 4/1/2035, INS: AGMC | 1,820,000 | 1,693,448 | |
3.0%, 4/1/2036, INS: AGMC | 1,750,000 | 1,605,418 | |
Long Island, NY, Electric System Revenue, Power Authority, Series B, 3.0%, Mandatory Put 9/1/2029 @ 100, 9/1/2049 | 1,250,000 | 1,233,274 | |
New York, Metropolitan Transportation Authority Revenue: | |||
Series B, 5.0%, 11/15/2028 | 3,170,000 | 3,445,199 | |
Series C1, 5.0%, 11/15/2028 | 1,200,000 | 1,292,468 | |
Series A2, 5.0%, Mandatory Put 5/15/2030 @ 100, 11/15/2045 | 5,335,000 | 5,828,738 | |
New York, State Dormitory Authority Revenues, Non-State Supported Debt, North Shore-Long Island Jewish Obligated Group, Series A, 5.0%, 5/1/2028 | 8,820,000 | 8,918,332 | |
New York, State Liberty Development Corp. Revenue, A World Trade Center Project, Series A, 1.9%, 11/15/2031 | 800,000 | 690,341 | |
New York, State Liberty Development Corp., Second Priority Liberty Revenue, “1”, 2.45%, 9/15/2069 | 5,000,000 | 4,710,253 | |
New York, State Transportation Development Corp., Special Facilities Revenue, Delta Air Lines, Inc., LaGuardia Airport Terminal, AMT, 6.0%, 4/1/2035 | 2,400,000 | 2,699,860 | |
New York, State Transportation Development Corp., Special Facility Revenue, Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project, AMT, 5.0%, 1/1/2026 | 3,970,000 | 4,033,960 | |
New York, State Transportation Development Corp., Special Facility Revenue, Terminal 4 John F. Kennedy International Airport Project, AMT, 5.0%, 12/1/2030 | 5,000,000 | 5,402,818 | |
New York, Triborough Bridge & Tunnel Authority Revenue, Series B-4C, 3.6% (c), 9/3/2024, LOC: U.S Bank NA | 300,000 | 300,000 | |
New York, Triborough Bridge & Tunnel Authority Revenue, MTA Bridges & Tunnels, Series B, 5.0%, 5/15/2046 | 1,000,000 | 1,104,207 | |
New York, Utility Debt Securitization Authority, Restructuring Revenue, Series TE, 5.0%, 12/15/2038 | 7,000,000 | 8,068,109 | |
New York City, NY, General Obligation, Series D, 5.0%, 4/1/2043 | 1,000,000 | 1,110,237 | |
New York City, NY, Housing Development Corp., Multi-Family Housing Revenue, Series A-2, 3.73%, Mandatory Put 12/29/2028 @ 100, 5/1/2063 | 4,000,000 | 4,043,353 | |
New York City, NY, Municipal Water Finance Authority, Water & Sewer Systems Revenue, Series CC-SUBSERIES CC-2, 5.0%, 6/15/2046 | 1,250,000 | 1,382,268 | |
New York City, NY, Transitional Finance Authority Revenue, Future Tax Secured: | |||
Series F-1, 5.0%, 2/1/2042 | 1,500,000 | 1,680,080 | |
Series G-1, 5.25%, 5/1/2048 | 2,750,000 | 3,070,957 | |
New York City, NY, Transitional Finance Authority, Building Aid Revenue, Series S3A, 5.0%, 7/15/2035 | 5,000,000 | 5,337,849 | |
New York, NY, General Obligation: | |||
Series G-6, 3.6% (c), 9/3/2024, LOC: Mizuho Bank Ltd. | 5,000,000 | 5,000,000 | |
Series C, 4.0%, 8/1/2037 | 1,000,000 | 1,019,357 | |
Series E1, 5.0%, 4/1/2038 | 900,000 | 1,019,224 | |
Series E1, 5.0%, 4/1/2039 | 1,250,000 | 1,406,071 | |
New York, NY, Municipal Water Finance Authority, Water & Sewer System Revenue, Series DD-3B, 3.6% (c), 9/3/2024, SPA: State Street B&T Co. | 7,500,000 | 7,500,000 | |
Troy, NY, Capital Resource Corp. Revenue, Rensselaer Polytechnic Institute: | |||
Series A, 5.0%, 9/1/2030 | 1,345,000 | 1,488,973 | |
Series A, 5.0%, 9/1/2031 | 3,520,000 | 3,875,923 | |
88,960,717 | |||
North Carolina 0.6% | |||
North Carolina, Greater Asheville Regional Airport Authority Revenue, AMT, 5.25%, 7/1/2042, INS: AGMC | 1,150,000 | 1,250,447 | |
North Carolina, State Education Assistance Authority Revenue, Series A, AMT, 5.0%, 6/1/2043 | 620,000 | 631,384 | |
North Carolina, State Turnpike Authority, Monroe Expressway System: | |||
5.0%, 7/1/2036 | 1,000,000 | 1,127,610 | |
5.0%, 7/1/2037 | 1,000,000 | 1,124,615 | |
5.0%, 7/1/2038 | 500,000 | 560,036 | |
4,694,092 | |||
North Dakota 0.7% | |||
North Dakota, State Housing Finance Agency, Home Mortgage Housing Finance Program, Series A, 6.0%, 7/1/2054 | 5,000,000 | 5,500,911 | |
Ohio 2.5% | |||
Cincinnati, OH, University of Cincinnati, Revenue: | |||
Series D, 5.0%, 6/1/2039 (a) | 1,070,000 | 1,202,455 | |
Series D, 5.0%, 6/1/2040 (a) | 1,120,000 | 1,251,202 | |
Series D, 5.0%, 6/1/2041 (a) | 1,180,000 | 1,309,658 | |
City of Akron, OH, City of Akron, Income Tax Revenue: | |||
4.0%, 12/1/2029 | 1,500,000 | 1,579,753 | |
4.0%, 12/1/2030 | 1,210,000 | 1,264,567 | |
4.0%, 12/1/2031 | 1,105,000 | 1,149,017 | |
Hamilton County, OH, Sewer System Revenue, Series B, 5.0%, 12/1/2030 (a) | 1,180,000 | 1,341,477 | |
Ohio, Air Quality Development Authority, Series A, AMT, 4.25%, Mandatory Put 6/1/2027 @ 100, 11/1/2039 | 1,000,000 | 1,015,309 | |
Ohio, Akron, Bath & Copley Joint Township Hospital District Revenue, Summa Health System, 4.0%, 11/15/2035 | 1,665,000 | 1,640,764 | |
Ohio, Hospital Facility Revenue, Cleveland Clinic Health System Obligated Group, Series B, 5.0%, 1/1/2029 | 1,715,000 | 1,880,287 | |
Ohio, State Hospital Revenue, Aultman Health Foundation, 144A, 5.0%, 12/1/2028 | 5,000,000 | 5,024,006 | |
18,658,495 | |||
Oregon 0.2% | |||
Oregon, State Facilities Authority Revenue, Peacehealth Systems, Series A, 3.55% (c), 9/3/2024, LOC: U.S Bank NA | 110,000 | 110,000 | |
Oregon, State Housing & Community Services Department, Mortgage Revenue, Series A, 4.5%, 1/1/2049 | 1,445,000 | 1,457,090 | |
1,567,090 | |||
Pennsylvania 8.4% | |||
Allegheny County, PA, Hospital Development Authority, Allegheny Health Network Obligated Group, Series A, 5.0%, 4/1/2034 | 5,000,000 | 5,242,895 | |
Lancaster County, PA, Hospital Authority, Brethren Village Project, 5.125%, 7/1/2037 | 1,000,000 | 1,005,019 | |
Montgomery County, PA, Higher Education & Health Authority, State Presbyterian Homes, Inc. Project: | |||
5.0%, 12/1/2027 | 2,240,000 | 2,269,932 | |
5.0%, 12/1/2032 | 2,745,000 | 2,816,649 | |
Montgomery County, PA, Industrial Development Authority, Meadowood Senior Living Project, Series A, 5.0%, 12/1/2033 | 8,435,000 | 8,644,864 | |
Pennsylvania, Bucks County Water and Sewer Authority, Sewer System Revenue: | |||
Series A, 5.0%, 12/1/2038, INS: AGMC | 1,025,000 | 1,146,306 | |
Series A, 5.0%, 12/1/2040, INS: AGMC | 1,625,000 | 1,795,239 | |
Pennsylvania, Higher Education Assistance Agency Education Loan Revenue: | |||
Series A, AMT, 2.45%, 6/1/2041 | 2,700,000 | 2,348,230 | |
Series A, 2.625%, 6/1/2042 | 510,000 | 442,573 | |
Pennsylvania, State Certificates of Participation: | |||
Series A, 5.0%, 7/1/2029 | 300,000 | 322,804 | |
Series A, 5.0%, 7/1/2031 | 850,000 | 908,098 | |
Pennsylvania, State Economic Development Financing Authority Revenue, UPMC Obligated Group, Series A-2, 5.0%, 5/15/2039 | 1,200,000 | 1,328,838 | |
Pennsylvania, State Economic Development Financing Authority Tax-Exempt Private Activity Revenue, Major Bridges Package One Project: | |||
AMT, 5.5%, 6/30/2037 | 2,400,000 | 2,694,138 | |
AMT, 5.5%, 6/30/2038 | 3,000,000 | 3,349,845 | |
AMT, 5.5%, 6/30/2039 | 4,000,000 | 4,444,886 | |
Pennsylvania, State Housing Finance Agency, Single Family Mortgage Revenue: | |||
Series 119, AMT, 3.5%, 10/1/2041 | 380,000 | 379,717 | |
Series 122, AMT, 4.0%, 10/1/2046 | 1,935,000 | 1,937,339 | |
Series 143A, 6.25%, 10/1/2053 | 1,980,000 | 2,186,349 | |
Pennsylvania, State Turnpike Commission Revenue: | |||
Series C, 5.0%, 12/1/2028 | 2,950,000 | 2,969,144 | |
Series B, 5.0%, 6/1/2029 | 5,000,000 | 5,181,887 | |
Series FIRST, 5.0%, 12/1/2039 | 860,000 | 963,611 | |
Series FIRST, 5.0%, 12/1/2040 | 855,000 | 955,533 | |
Series FIRST, 5.0%, 12/1/2041 | 855,000 | 951,066 | |
Philadelphia, PA, School District: | |||
Series F, 5.0%, 9/1/2030 | 8,970,000 | 9,270,558 | |
Series F, Prerefunded, 5.0%, 9/1/2030 | 30,000 | 31,414 | |
63,586,934 | |||
Rhode Island 0.5% | |||
Rhode Island, Health and Educational Building Corp. Revenue, Providence College, 5.0%, 11/1/2041 | 1,500,000 | 1,662,352 | |
Rhode Island, Tobacco Settlement Financing Corp., Series B, 4.5%, 6/1/2045 | 1,880,000 | 1,886,722 | |
3,549,074 | |||
South Carolina 0.5% | |||
South Carolina, State Housing Finance & Development Authority, Mortgage Revenue, Series A, 4.0%, 1/1/2050 | 200,000 | 201,599 | |
South Carolina, State Jobs-Economic Development Authority Revenue, Novant Health Obligated Group, Series A, 5.5%, 11/1/2045 | 3,000,000 | 3,429,750 | |
3,631,349 | |||
Tennessee 0.9% | |||
Greeneville, TN, Health & Educational Facilities Board, Hospital Revenue, Ballad Health Obligation Group, Series A, 5.0%, 7/1/2035 | 2,500,000 | 2,613,550 | |
Memphis & Shelby County, TN, New Memphis Arena Public Building Authority, City of Memphis Project: | |||
0%–4.0% 4/1/2029 (e) | 1,100,000 | 1,034,744 | |
0%–4.0% 4/1/2030 (e) | 750,000 | 703,714 | |
Metropolitan Nashville, TN, Airport Authority Revenue, Series B, AMT, 5.5%, 7/1/2038 | 1,625,000 | 1,837,604 | |
Nashville & Davidson County, TN, Metropolitan Government Health & Education Facilities Board Revenue, Belmont University, 5.0%, 5/1/2039 | 500,000 | 548,905 | |
6,738,517 | |||
Texas 12.4% | |||
Austin, TX, Airport System Revenue, AMT, 5.0%, 11/15/2033 | 1,250,000 | 1,377,352 | |
Austin, TX, Independent School District, General Obligation, 5.0%, 8/1/2042 | 2,000,000 | 2,215,614 | |
Austin, TX, Water & Wastewater System Revenue: | |||
5.0%, 11/15/2038 | 3,500,000 | 3,958,857 | |
5.0%, 11/15/2049 | 1,000,000 | 1,091,547 | |
Central Texas, Regional Mobility Authority Revenue, Senior Lien, Series E, 4.0%, 1/1/2037 | 1,500,000 | 1,530,967 | |
City of Corpus Christi, TX, Utility System Revenue, 5.0%, 7/15/2049 | 1,665,000 | 1,809,086 | |
Conroe, TX, Independent School District, General Obligation, 5.0%, 2/15/2043 | 2,500,000 | 2,795,869 | |
Dallas, TX, Fort Worth International Airport: | |||
Series B, 5.0%, 11/1/2037 | 1,200,000 | 1,343,172 | |
Series B, 5.0%, 11/1/2040 | 3,500,000 | 3,912,811 | |
Dallas, TX, Kay Bailey Hutchison Convention Center Project, Senior Lien, Special Tax, 144A, 6.0%, Mandatory Put 8/15/2028 @ 100, 8/15/2053 | 3,015,000 | 3,040,852 | |
Harris County, TX, Cultural Education Facilities Finance Corp. Revenue, Memorial Hermann Health System Obligated Group, Series C, 5.0%, Mandatory Put 7/01/2029 @ 100, 7/1/2054 | 2,000,000 | 2,177,180 | |
Harris County, TX, Industrial Development Corp. Revenue, Energy Transfer LP, 4.05%, Mandatory Put 6/1/2033 @ 100, 11/1/2050 | 1,275,000 | 1,301,357 | |
Harris County, TX, Toll Road Revenue, Series A, 5.25%, 8/15/2049 | 2,400,000 | 2,679,148 | |
Houston, TX, Airport System Revenue, Series A, AMT, 4.0%, 7/1/2038 | 2,000,000 | 1,972,992 | |
Houston, TX, Hotel Occupancy Tax And Special Revenue, Convention And Entertainment Facilities Department: | |||
5.0%, 9/1/2027 | 1,590,000 | 1,693,158 | |
5.0%, 9/1/2028 | 1,350,000 | 1,462,706 | |
Lower Colorado, TX, State Transmission Contract Authority Revenue, LCRA Transmission Services Corp., Project, 5.0%, 5/15/2041, INS: AGMC | 5,000,000 | 5,474,167 | |
North Texas, Tollway Authority Revenue, Series A, 5.25%, 1/1/2038 | 2,500,000 | 2,833,267 | |
Prosper, TX, Independent School District, General Obligation, 5.0%, 2/15/2041 | 4,000,000 | 4,523,312 | |
Texas, Aldine Independent School District: | |||
4.0%, 2/15/2032 | 3,000,000 | 3,066,217 | |
5.0%, 2/15/2044 | 2,750,000 | 3,052,254 | |
Texas, Hurst-Euless-Bedford Independent School District, General Obligation, 5.0%, 8/15/2043 | 1,500,000 | 1,688,068 | |
Texas, Lamar Consolidated Independent School District: | |||
5.0%, 2/15/2041 | 2,530,000 | 2,782,129 | |
5.0%, 2/15/2042 | 3,045,000 | 3,331,293 | |
5.0%, 2/15/2043 | 2,625,000 | 2,860,296 | |
Texas, New Hope Cultural Education Facilities Finance Corp., Education Revenue, Cumberland Academy Project, Series A, 144A, 5.0%, 8/15/2040 | 6,000,000 | 6,010,856 | |
Texas, Private Activity Bond, Surface Transportation Corp. Revenue, Senior Lien, North Mobility Partners Segments 3 LLC, AMT, 5.5%, 6/30/2040 | 1,000,000 | 1,084,980 | |
Texas, State Department of Housing & Community Affairs, 2.17%, 5/1/2038 | 5,692,091 | 4,718,094 | |
Texas, State Municipal Gas Acquisition & Supply Corp. I, Gas Supply Revenue, Series D, 6.25%, 12/15/2026, GTY: Merrill Lynch & Co. | 4,500,000 | 4,655,029 | |
Texas, State Private Activity Bond, Surface Transportation Corp. Revenue, Senior Lien Revenue: | |||
Series A, 4.0%, 12/31/2035 | 500,000 | 508,274 | |
Series A, 4.0%, 12/31/2036 | 2,000,000 | 2,023,325 | |
Texas, State Transportation Commission, Turnpike Systems Revenue, Series B, 5.0%, Mandatory Put 8/15/2030 @ 100, 8/15/2042 | 1,500,000 | 1,625,611 | |
Texas, State Water Development Board, Series A, 4.0%, 10/15/2032 | 5,000,000 | 5,115,815 | |
Texas, Transmission Contract Authority Revenue, LCRA Transmission Services Corp. Project, 5.0%, 5/15/2043, INS: AGMC | 3,790,000 | 4,154,365 | |
93,870,020 | |||
Utah 0.9% | |||
Salt Lake City, UT, Airport Revenue, Series A, AMT, 5.0%, 7/1/2035 | 5,000,000 | 5,219,245 | |
Utah, State Housing Corp. Revenue, Series A, 6.5%, 1/1/2054 | 840,000 | 936,876 | |
Utah, State Telecommunication Open Infrastructure Agency Sales Tax and Telecommunications Revenue, 5.25%, 6/1/2037 | 250,000 | 283,588 | |
6,439,709 | |||
Vermont 0.2% | |||
Vermont, State Educational & Health Buildings Financing Agency Revenue, St. Michael’s College, 144A, 5.0%, 10/1/2033 | 1,500,000 | 1,532,742 | |
Virginia 2.8% | |||
Hampton Roads, VA, Transportation Accountability Commission Revenue, Senior Lien Revenue: | |||
Series A, 4.0%, 7/1/2036 | 2,070,000 | 2,137,397 | |
Series A, 4.0%, 7/1/2038 | 4,370,000 | 4,471,655 | |
Virginia, Small Business Financing Authority: | |||
AMT, 4.0%, 1/1/2030 | 1,500,000 | 1,520,419 | |
AMT, 4.0%, 7/1/2030 | 1,000,000 | 1,012,862 | |
Virginia, State College Building Authority, Educational Facilities Revenue, 21st Century College, Series B, 4.0%, 2/1/2029 | 5,005,000 | 5,048,106 | |
Virginia, State Public School Authority, School Financing, Series B, 4.0%, 8/1/2029 | 7,060,000 | 7,222,427 | |
21,412,866 | |||
Washington 3.9% | |||
Port of Seattle, WA, Revenue Bonds: | |||
Series B, AMT, 5.0%, 8/1/2036 | 3,570,000 | 3,844,873 | |
Series B, AMT, 5.0%, 8/1/2038 | 5,000,000 | 5,331,097 | |
Seattle, WA, Seattle Municipal Light & Power Revenue, Series B, MUNIPSA + 0.25%, 3.17% (b), Mandatory Put 11/1/2026 @ 100, 5/1/2045 | 895,000 | 878,319 | |
Washington, Central Puget Sound Regional Transit Authority Sales & Use Taxes Revenue, Motor Vehicle Excise Tax Improvement, Green Bond, Series 2015-S-2A, MUNIPSA + 0.2%, 3.12% (b), Mandatory Put 11/1/2026 @ 100, 11/1/2045 | 5,385,000 | 5,338,785 | |
Washington, State Convention Center Public Facilities District: | |||
Series B, 3.0%, 7/1/2036 | 5,185,000 | 4,612,165 | |
4.0%, 7/1/2031 | 3,000,000 | 3,013,064 | |
Washington, State Health Care Facilities Authority Revenue, Virginia Mason Medical Center, 5.0%, 8/15/2029 | 2,300,000 | 2,378,192 | |
Washington, State Housing Finance Commission, Horizon House Project: | |||
144A, 5.0%, 1/1/2028 | 750,000 | 752,683 | |
144A, 5.0%, 1/1/2029 | 840,000 | 843,261 | |
144A, 5.0%, 1/1/2031 | 1,030,000 | 1,032,431 | |
144A, 5.0%, 1/1/2033 | 1,050,000 | 1,051,201 | |
29,076,071 | |||
West Virginia 0.5% | |||
West Virginia, State Economic Development Authority, Solid Waste Disposal Facility, Arch Resources Project, AMT, 4.125%, Mandatory Put 7/1/2025 @ 100, 7/1/2045 | 1,250,000 | 1,249,983 | |
West Virginia, State Hospital Finance Authority Revenue, State University Health System Obligated Group, Series A, 5.0%, 6/1/2032 | 2,400,000 | 2,498,034 | |
3,748,017 | |||
Wisconsin 0.7% | |||
Wisconsin, State General Obligation: | |||
Series 2025-2, 5.0%, 5/1/2029 (a) | 2,500,000 | 2,723,688 | |
Series 1, 5.0%, 5/1/2036 (a) | 650,000 | 744,698 | |
Wisconsin, State University of Wisconsin Hospitals & Clinics Revenue, Series B, 5.0%, Mandatory Put 10/1/2031 @ 100, 4/1/2054 | 1,500,000 | 1,683,101 | |
5,151,487 | |||
Puerto Rico 0.7% | |||
Puerto Rico, General Obligation: | |||
Series A1, 4.0%, 7/1/2033 | 1,000,000 | 992,610 | |
Series A1, 5.75%, 7/1/2031 | 1,910,000 | 2,116,287 | |
Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue, Series A-1, Zero Coupon, 7/1/2031 | 3,000,000 | 2,303,633 | |
5,412,530 | |||
Other 0.9% | |||
Federal Home Loan Mortgage Corp., Multi-Family Variable Rate Certificates, “A”, Series M-051, 144A, 2.65%, 6/15/2035 | 7,495,000 | 6,593,154 | |
Freddie Mac Multi-Family ML Certificates, “A-CA”, Series 2019-ML05, 3.35%, 11/25/2033, GTY: Freddie Mac | 567,333 | 554,544 | |
7,147,698 | |||
Total Municipal Investments (Cost $762,228,040) | 760,916,675 | ||
Shares | Value ($) | ||
Open-End Investment Companies 0.0% | |||
BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares, 2.84% (f) (Cost $76,558) | 76,550 | 76,558 | |
% of Net Assets | Value ($) | ||
Total Investment Portfolio (Cost $762,304,598) | 100.8 | 760,993,233 | |
Other Assets and Liabilities, Net | (0.8 ) | (6,390,345 ) | |
Net Assets | 100.0 | 754,602,888 | |
* | Non-income producing security. |
(a) | When-issued security. |
(b) | Variable or floating rate security. These securities are shown at their current rate as of August 31, 2024. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions, prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. |
(c) | Variable rate demand notes are securities whose interest rates are reset periodically (usually daily mode or weekly mode) by remarketing agents based on current market levels, and are not directly set as a fixed spread to a reference rate. These securities may be redeemed at par by the holder through a put or tender feature, and are shown at their current rates as of August 31, 2024. Date shown reflects the earlier of demand date or stated maturity date. |
(d) | Defaulted security or security for which income has been deemed uncollectible. |
(e) | Security is a “step-up” bond where the coupon increases or steps-up at a predetermined date. The range of rates shown is the current coupon rate through the final coupon rate, date shown is the final maturity date. |
(f) | Current yield; not a coupon rate. |
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
AGMC: Assured Guaranty Municipal Corp. |
AMT: Subject to alternative minimum tax. |
BAM: Build America Mutual |
GTY: Guaranty Agreement |
INS: Insured |
LIQ: Liquidity Facility |
LOC: Letter of Credit |
MUNIPSA: SIFMA Municipal Swap Index Yield |
Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and used to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date. |
SIFMA: Securities Industry and Financial Markets Association |
SPA: Standby Bond Purchase Agreement |
Assets | Level 1 | Level 2 | Level 3 | Total |
Municipal Investments (a) | $— | $760,916,675 | $— | $760,916,675 |
Open-End Investment Companies | 76,558 | — | — | 76,558 |
Total | $76,558 | $760,916,675 | $— | $760,993,233 |
(a) | See Investment Portfolio for additional detailed categorizations. |
