UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-06452
Fidelity Union Street Trust II
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | August 31 |
Date of reporting period: | February 28, 2023 |
Item 1.
Reports to Stockholders
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Contents
Current 7-Day Yields | ||
Fidelity® Municipal Money Market Fund | 3.13% | |
Yield refers to the income paid by the Fund over a given period. Yield for money market funds is usually for seven-day periods, as it is here, though it is expressed as an annual percentage rate. Past performance is no guarantee of future results. Yield will vary and it's possible to lose money investing in the Fund. A portion of the Fund's expenses was reimbursed and/or waived. Absent such reimbursements and/or waivers the yield for the period ending February 28, 2023, the most recent period shown in the table, would have been 3.10% for Fidelity® Municipal Money Market Fund. |
Effective Maturity Diversification (% of Fund's Investments) | ||
Days | ||
1 - 7 | 80.8 | |
8 - 30 | 1.6 | |
31 - 60 | 7.9 | |
61 - 90 | 0.5 | |
91 - 180 | 2.8 | |
> 180 | 6.4 | |
Effective maturity is determined in accordance with the requirements of Rule 2a-7 under the Investment Company Act of 1940. |
Asset Allocation (% of Fund's net assets) |
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Variable Rate Demand Note - 42.4% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Alabama - 3.3% | |||
Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 3.96% 3/7/23, VRDN (b)(c) | 51,215 | 51,215 | |
Mobile Indl. Dev. Board Poll. Cont. Rev. (Alabama Pwr. Co. Barry Plant Proj.) Series 2007 C, 3.54% 3/7/23, VRDN (b) | 38,450 | 38,450 | |
Walker County Econ. & Indl. Dev. Auth. Solid Waste Disp. Rev. (Alabama Pwr. Co. Plant Gorgas Proj.) Series 2007, 2.8% 3/1/23, VRDN (b)(c) | 1,000 | 1,000 | |
West Jefferson Indl. Dev. Series 2008, 3.54% 3/7/23, VRDN (b) | 10,900 | 10,900 | |
West Jefferson Indl. Dev. Board Solid Waste Disp. Rev. (Alabama Pwr. Co. Miller Plant Proj.) Series 2008, 2.8% 3/1/23, VRDN (b)(c) | 26,325 | 26,325 | |
TOTAL ALABAMA | 127,890 | ||
Alaska - 1.4% | |||
Valdez Marine Term. Rev.: | |||
(ConocoPhillips Proj.) Series 1994 A, 3.35% 3/7/23 (ConocoPhillips Co. Guaranteed), VRDN (b) | 22,400 | 22,400 | |
(Phillips Trans. Alaska, Inc. Proj.): | |||
Series 1994 B, 3.55% 3/7/23 (ConocoPhillips Co. Guaranteed), VRDN (b) | 13,350 | 13,350 | |
Series 1994 C, 3.45% 3/7/23 (ConocoPhillips Co. Guaranteed), VRDN (b) | 20,000 | 20,000 | |
TOTAL ALASKA | 55,750 | ||
Arizona - 0.7% | |||
Maricopa County Indl. Dev. Auth. Rev. (Clayton Homes, Inc. Proj.) Series 1998, 3.48% 3/7/23, LOC U.S. Bank NA, Cincinnati, VRDN (b)(c) | 5,000 | 5,000 | |
Maricopa County Poll. Cont. Rev.: | |||
(Arizona Pub. Svc. Co. Palo Verde Proj.) Series 2009 A, 3.61% 3/7/23, VRDN (b) | 2,400 | 2,400 | |
Series 2009 B, 3.61% 3/7/23, VRDN (b) | 9,900 | 9,900 | |
FNMA: | |||
Maricopa County Indl. Dev. Auth. Multi-family Hsg. Rev. (Village Square Apts. Proj.) Series 2004, 3.46% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 3,300 | 3,300 | |
Pima County Indl. Dev. Auth. Multi-family Hsg. Rev. Series A, 3.6% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 4,925 | 4,925 | |
TOTAL ARIZONA | 25,525 | ||
Arkansas - 0.3% | |||
Blytheville Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1998, 3.96% 3/7/23, VRDN (b)(c) | 10,300 | 10,300 | |
Colorado - 0.3% | |||
Colorado Edl. & Cultural Facilities Auth. Rev. (Clyfford Still Museum Proj.) Series 2008, 3.55% 3/7/23, LOC Wells Fargo Bank NA, VRDN (b) | 100 | 100 | |
Colorado Univ. Co. Hosp. Auth. Rev. Series 2018 B, 3.45% 3/7/23, VRDN (b) | 9,800 | 9,800 | |
TOTAL COLORADO | 9,900 | ||
Connecticut - 0.4% | |||
Connecticut Dev. Auth. Wtr. Facilities Rev. (Connecticut Wtr. Co. Proj.): | |||
Series 2004 A, 3.58% 3/7/23, LOC Citizens Bank NA, VRDN (b)(c) | 2,900 | 2,900 | |
Series 2004 B, 3.55% 3/7/23, LOC Citizens Bank NA, VRDN (b) | 1,000 | 1,000 | |
Connecticut Hsg. Fin. Auth. Series 2019 A, 3.5% 3/7/23 (Liquidity Facility U.S. Bank NA, Cincinnati), VRDN (b)(c) | 9,925 | 9,925 | |
TOTAL CONNECTICUT | 13,825 | ||
Delaware - 0.2% | |||
Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.) Series 1999 B, 3.74% 3/7/23, VRDN (b)(c) | 8,200 | 8,200 | |
District Of Columbia - 0.2% | |||
District of Columbia Rev.: | |||
(Fort Lincoln New Town/Premium Distributors LLC Proj.) Series 2000, 3.58% 3/7/23, LOC Wells Fargo Bank NA, VRDN (b)(c) | 2,475 | 2,475 | |
(Medlantic/Helix Proj.) Series 1998 A Tranche II, 3.45% 3/7/23, LOC TD Banknorth, NA, VRDN (b) | 5,615 | 5,615 | |
TOTAL DISTRICT OF COLUMBIA | 8,090 | ||
Florida - 1.1% | |||
Collier County Hsg. Fin. Auth. Multi-family Rev. (George Washington Carver Apts. Proj.) Series 2005, 3.55% 3/7/23, LOC PNC Bank NA, VRDN (b)(c) | 1,545 | 1,545 | |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. (Savannah Springs Apts. Proj.) Series G, 3.45% 3/7/23, LOC Citibank NA, VRDN (b)(c) | 11,695 | 11,695 | |
FNMA: | |||
Collier County Hsg. Fin. Auth. Multi-family Rev. (Sawgrass Pines Apts. Proj.) Series 2003, 3.45% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 5,200 | 5,200 | |
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev.: | |||
(Hunters Run Apts. Proj.) Series 2003 G, 3.51% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 5,225 | 5,225 | |
Series 2006 H, 3.52% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 5,595 | 5,595 | |
Hillsborough County Hsg. Fin. Auth. Multi-family Rev.: | |||
(Grande Oaks Apts. Proj.) Series A, 3.45% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 5,300 | 5,300 | |
(Morgan Creek Apts. Proj.) Series 2003, 3.45% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 9,600 | 9,600 | |
TOTAL FLORIDA | 44,160 | ||
Georgia - 1.0% | |||
Bartow County Dev. Auth. (Georgia Pwr. Co. Plant Bowen Proj.) Series 2022: | |||
3% 3/1/23, VRDN (b)(c) | 6,750 | 6,750 | |
3.05% 3/1/23, VRDN (b)(c) | 15,970 | 15,970 | |
Coweta County Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Yates Proj.) Series 2006, 2.85% 3/1/23, VRDN (b) | 3,400 | 3,400 | |
Gwinnett County Dev. Auth. Indl. Dev. Rev. (Curtis 1000, Inc. Proj.) Series 1996, 3.47% 3/7/23, LOC Wells Fargo Bank NA, VRDN (b)(c) | 6,460 | 6,460 | |
Monroe County Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Scherer Proj.) Series 2008, 2.85% 3/1/23, VRDN (b) | 1,000 | 1,000 | |
FNMA Atlanta Urban Residential Fin. Auth. Multi-family Hsg. Rev. (Collegetown at Harris Homes Phase I Proj.) Series 2003, 3.52% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 7,230 | 7,230 | |
TOTAL GEORGIA | 40,810 | ||
Illinois - 3.6% | |||
Chicago Midway Arpt. Rev. Series 2014 C, 3.47% 3/7/23, LOC PNC Bank NA, VRDN (b)(c) | 84,210 | 84,210 | |
Chicago O'Hare Int'l. Arpt. Spl. Facilities Rev. (Lufthansa German Airlines Proj.) Series 2001, 3.54% 3/7/23, LOC Bayerische Landesbank, VRDN (b)(c) | 37,770 | 37,770 | |
Illinois Fin. Auth. Multi-family Rev. (Hidden Glen Apts. Proj.) Series 2007, 3.54% 3/7/23, LOC U.S. Bank NA, Cincinnati, VRDN (b)(c) | 5,765 | 5,765 | |
FHLMC: | |||
Illinois Fin. Auth. Multi-family Rev. (Villagebrook Apts. Proj.) Series 2005, 3.52% 3/7/23, LOC Freddie Mac, VRDN (b)(c) | 7,135 | 7,135 | |
Lisle Village Multi-family Hsg. Rev. (Devonshire of Lisle Proj.) Series 1991, 3.61% 3/7/23, LOC Freddie Mac, VRDN (b)(c) | 6,000 | 6,000 | |
TOTAL ILLINOIS | 140,880 | ||
Indiana - 1.5% | |||
Indiana Dev. Fin. Auth. Envir. Rev. (PSI Energy Proj.): | |||
Series 2003 A, 3.65% 3/7/23, VRDN (b)(c) | 36,250 | 36,250 | |
Series 2003 B, 3.67% 3/7/23, VRDN (b)(c) | 22,500 | 22,494 | |
TOTAL INDIANA | 58,744 | ||
Iowa - 3.7% | |||
Council Bluffs Poll. Cont. Series 1995, 3.64% 3/7/23, VRDN (b) | 1,000 | 1,000 | |
Iowa Fin. Auth. Solid Disp. Waste Rev. (MidAmerican Energy Co. Proj.): | |||
Series 2008 A, 3.63% 3/7/23, VRDN (b)(c) | 45,100 | 45,100 | |
Series 2016 B, 3.63% 3/7/23, VRDN (b)(c) | 17,600 | 17,600 | |
Iowa Fin. Auth. Solid Waste Facilities (MidAmerican Energy Co. Proj.) Series 2017, 3.7% 3/7/23, VRDN (b)(c) | 82,030 | 82,030 | |
TOTAL IOWA | 145,730 | ||
Kansas - 1.9% | |||
Cygne Poll. Cont. Rev. (Kansas Gas and Elec. Co. Proj.) Series 1994 B, 3.7% 3/7/23, VRDN (b) | 17,200 | 17,200 | |
Burlington Envir. Impt. Rev. (Kansas City Pwr. and Lt. Co. Proj.): | |||
Series 2007 A, 3.7% 3/7/23, VRDN (b) | 3,200 | 3,200 | |
Series 2007 B, 3.7% 3/7/23, VRDN (b) | 14,000 | 14,000 | |
Chanute Indl. Dev. Rev. (Ash Grove Cement Co. Proj.): | |||
Series 2000, 3.49% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 25,100 | 25,100 | |
Series 2002, 3.49% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 7,000 | 7,000 | |
Wamego Kansas Poll. Cont. Rfdg. Rev.: | |||
(Kansas Gas & Elec. Co. Proj.) Series 1994, 3.7% 3/7/23, VRDN (b) | 4,100 | 4,100 | |
(Western Resources, Inc. Proj.) Series 1994, 3.7% 3/7/23, VRDN (b) | 5,200 | 5,200 | |
TOTAL KANSAS | 75,800 | ||
Kentucky - 2.1% | |||
Daviess County Exempt Facilities Rev. (Kimberly-Clark Tissue Co. Proj.) Series 1999, 3.7% 3/7/23 (Kimberly-Clark Corp. Guaranteed), VRDN (b)(c) | 6,070 | 6,070 | |
Daviess County Solid Waste Disp. Facilities Rev. (Scott Paper Co. Proj.): | |||
Series 1993 A, 3.7% 3/7/23 (Kimberly-Clark Corp. Guaranteed), VRDN (b)(c) | 33,900 | 33,900 | |
Series 1993 B, 3.7% 3/7/23 (Kimberly-Clark Corp. Guaranteed), VRDN (b)(c) | 40,000 | 40,000 | |
Louisville & Jefferson County Series 2013 C, 3.51% 3/7/23, LOC PNC Bank NA, VRDN (b) | 2,105 | 2,105 | |
TOTAL KENTUCKY | 82,075 | ||
Louisiana - 0.4% | |||
Louisiana Pub. Facilities Auth. Rev. (Air Products & Chemicals, Inc. Proj.) Series 2002, 3.18% 3/7/23, VRDN (b)(c) | 13,000 | 13,000 | |
Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.) Series 2010 B1, 3.95% 3/7/23, VRDN (b) | 2,600 | 2,600 | |
TOTAL LOUISIANA | 15,600 | ||
Maryland - 0.2% | |||
Maryland Trans. Auth. Passenger Facility Charge Rev. Series 2012 C, 3.47% 3/7/23, LOC Wells Fargo Bank NA, VRDN (b)(c) | 9,700 | 9,700 | |
Michigan - 1.5% | |||
Michigan Fin. Auth. Rev. Series 2016 E3, 3.5% 3/7/23, VRDN (b) | 22,750 | 22,750 | |
Michigan Hsg. Dev. Auth. Rental Hsg. Rev.: | |||
Series 2002 A, 3.47% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 21,675 | 21,675 | |
Series 2018 C, 3.47% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 9,325 | 9,325 | |
Michigan Strategic Fund Ltd. Oblig. Rev. (The Kroger Co. Recovery Zone Facilities Bond Proj.) Series 2010, 3.46% 3/7/23, LOC Bank of Nova Scotia, VRDN (b) | 2,400 | 2,400 | |
FHLMC Livonia Econ. Dev. Corp. (Madonna Univ. Proj.) Series 2009, 3.46% 3/7/23, LOC Fed. Home Ln. Bank Chicago, VRDN (b) | 4,000 | 4,000 | |
TOTAL MICHIGAN | 60,150 | ||
Mississippi - 0.7% | |||
Mississippi Bus. Fin. Corp. Mississippi Pwr. Co. Proj.) Series 2022, 3% 3/1/23, VRDN (b)(c) | 25,800 | 25,800 | |
Mississippi Bus. Fin. Corp. Solid Waste Disp. Rev. (Mississippi Pwr. Co. Proj.) Series 1998, 3.15% 3/1/23, VRDN (b)(c) | 1,200 | 1,200 | |
TOTAL MISSISSIPPI | 27,000 | ||
Nebraska - 1.5% | |||
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev.: | |||
Series 2014 B, 3.45% 3/7/23 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (b)(c) | 9,595 | 9,595 | |
Series 2015 B, 3.45% 3/7/23 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (b)(c) | 15,095 | 15,095 | |
Series 2015 D, 3.45% 3/7/23 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (b)(c) | 8,635 | 8,635 | |
Series 2016 B, 3.45% 3/7/23 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (b)(c) | 5,945 | 5,945 | |
Series 2016 D, 3.45% 3/7/23 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (b)(c) | 8,805 | 8,805 | |
Series B, 3.45% 3/7/23 (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN (b)(c) | 8,900 | 8,900 | |
Stanton County Indl. Dev. Rev.: | |||
(Nucor Corp. Proj.) Series 1996, 3.96% 3/7/23, VRDN (b)(c) | 1,600 | 1,600 | |
Series 1998, 3.96% 3/7/23, VRDN (b)(c) | 2,200 | 2,200 | |
TOTAL NEBRASKA | 60,775 | ||
Nevada - 0.4% | |||
Clark County Arpt. Rev. Series 2008 C1, 3.59% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 17,500 | 17,500 | |
New York - 2.3% | |||
New York City Hsg. Dev. Corp. Multi-family Mtg. Rev.: | |||
(Cook Street Apts. Proj.) Series A, 3.16% 3/7/23, LOC JPMorgan Chase Bank, VRDN (b)(c) | 1,000 | 1,000 | |
(Related-Upper East Proj.) Series A, 3.45% 3/7/23, LOC Landesbank Baden-Wurttemberg, VRDN (b)(c) | 25,700 | 25,700 | |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series 2000 C, 3.54% 3/7/23 (Liquidity Facility Sumitomo Mitsui Banking Corp.), VRDN (b) | 2,980 | 2,980 | |
FHLMC New York City Hsg. Dev. Corp. Multi-family Rental Hsg. Rev. (Linden Plaza Proj.) Series 2008 A, 3.55% 3/7/23, LOC Freddie Mac, VRDN (b)(c) | 14,565 | 14,565 | |
FNMA New York Hsg. Fin. Agcy. Rev.: | |||
(316 Eleventh Ave. Hsg. Proj.) Series 2007 A, 3.55% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 13,600 | 13,600 | |
Series 2008 A, 3.56% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 31,015 | 31,015 | |
TOTAL NEW YORK | 88,860 | ||
New York And New Jersey - 0.1% | |||
Port Auth. of New York & New Jersey: | |||
Series 1992 2, 3.47% 3/30/23, VRDN (b)(d) | 500 | 500 | |
Series 1995 4, 3.5% 3/30/23, VRDN (b)(c)(d) | 3,900 | 3,900 | |
TOTAL NEW YORK AND NEW JERSEY | 4,400 | ||
North Carolina - 0.2% | |||
Cumberland County Indl. Facilities & Poll. Cont. Fing. Auth. (Cargill, Inc. Proj.) Series 2022, 3.47% 3/7/23, VRDN (b)(c) | 7,500 | 7,500 | |
Ohio - 0.3% | |||
Cuyahoga County Health Care Facilities Rev. (The A.M. McGregor Home Proj.) Series 2014, 3.48% 3/7/23, LOC Northern Trust Co., VRDN (b) | 2,635 | 2,635 | |
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev.: | |||
Series 2016 G, 3.5% 3/7/23 (Liquidity Facility TD Banknorth, NA), VRDN (b)(c) | 120 | 120 | |
Series 2016 H, 3.5% 3/7/23 (Liquidity Facility Ohio Gen. Oblig.), VRDN (b)(c) | 10,000 | 10,000 | |
TOTAL OHIO | 12,755 | ||
Oregon - 0.2% | |||
Portland Hsg. Auth. Rev.: | |||
(New Columbia - Cecelia Proj.) Series 2004, 3.49% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 2,770 | 2,770 | |
(New Columbia - Trouton Proj.) Series 2005, 3.49% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 4,310 | 4,310 | |
TOTAL OREGON | 7,080 | ||
Pennsylvania - 0.6% | |||
Allegheny County Hosp. Dev. Auth. Rev. Series 2016 A, 3.44% 3/7/23, LOC Truist Bank, VRDN (b) | 9,335 | 9,335 | |
Beaver County Indl. Dev. Auth. Series 2018 A, 3.44% 3/7/23, LOC Truist Bank, VRDN (b) | 700 | 700 | |
Lancaster Indl. Dev. Auth. Rev. (Mennonite Home Proj.) Series 2007, 3.48% 3/7/23, LOC Manufacturers & Traders Trust Co., VRDN (b) | 6,905 | 6,905 | |
Montgomery County Indl. Dev. Auth. Rev. (Foulkeways at Gwynedd Proj.) Series 2006 B, 3.5% 3/7/23, LOC Citizens Bank NA, VRDN (b) | 400 | 400 | |
Philadelphia Auth. for Indl. Dev. Rev. (Spl. People in Northeast, Inc. Proj.) Series 2006, 3.47% 3/7/23, LOC Citizens Bank NA, VRDN (b) | 3,620 | 3,620 | |
FNMA Montgomery County Redev. Auth. Multi-family Hsg. Rev. (Kingswood Apts. Proj.) Series 2001 A, 3.5% 3/7/23, LOC Fannie Mae, VRDN (b) | 2,675 | 2,675 | |
TOTAL PENNSYLVANIA | 23,635 | ||
South Carolina - 0.4% | |||
Berkeley County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1995, 3.96% 3/7/23, VRDN (b)(c) | 1,000 | 1,000 | |
South Carolina Jobs-Econ. Dev. Auth. Econ. Dev. Rev. (Waste Mgmt. of South Carolina, Inc. Proj.) Series 2003 A, 3.45% 3/7/23, LOC Wells Fargo Bank NA, VRDN (b)(c) | 15,000 | 15,000 | |
TOTAL SOUTH CAROLINA | 16,000 | ||
Tennessee - 0.5% | |||
Henderson TN IDB Rev. (Arvin Sango, Inc. Proj.) Series 2012, 3.48% 3/7/23, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (b)(c) | 6,400 | 6,400 | |
Loudon County Indl. Dev. Board Exempt Facilities Rev. (Kimberly-Clark Corp. Proj.) Series 1999, 3.7% 3/7/23, VRDN (b)(c) | 5,200 | 5,200 | |
Memphis Health, Edl. & Hsg. Facilities Board (Ashland Lakes Apts. Proj.) Series A, 3.47% 3/7/23, LOC U.S. Bank NA, Cincinnati, VRDN (b)(c) | 7,800 | 7,800 | |
TOTAL TENNESSEE | 19,400 | ||
Texas - 6.4% | |||
Calhoun County Navigation District Envir. Facilities Rev. (Formosa Plastics Corp. Proj.) Series 2004, 3.49% 3/7/23, LOC Citibank NA, VRDN (b)(c) | 8,600 | 8,600 | |
Calhoun County Navigation District Poll. Cont. Rev. (Formosa Plastics Corp., Texas Proj.) Series 2002, 3.49% 3/7/23, LOC Citibank NA, VRDN (b)(c) | 1,700 | 1,700 | |
Calhoun Port Auth. Envir. Facilities Rev. Series 2007 A, 3.5% 3/7/23, LOC PNC Bank NA, VRDN (b)(c) | 6,665 | 6,665 | |
Houston Util. Sys. Rev. Series 2004 B3, 3.15% 3/7/23, LOC Sumitomo Mitsui Banking Corp., VRDN (b) | 2,200 | 2,200 | |
Jewett Econ. Dev. Corp. Indl. Dev. Rev. (Nucor Corp. Proj.) Series 2003, 3.96% 3/7/23, VRDN (b)(c) | 12,600 | 12,600 | |
Lower Neches Valley Auth. Indl. Dev. Corp. Exempt Facilities Rev. (Onyx Envir. Svcs. Proj.) Series 2003, 3.48% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 10,310 | 10,310 | |
Port Arthur Navigation District Indl. Dev. Corp. Exempt Facilities Rev. (Air Products Proj.): | |||
Series 2000, 3.18% 3/7/23, VRDN (b)(c) | 25,000 | 25,000 | |
Series 2001, 3.18% 3/7/23, VRDN (b)(c) | 24,000 | 24,000 | |
Series 2002, 3.18% 3/7/23, VRDN (b)(c) | 20,900 | 20,900 | |
Series 2010 A, 3.45% 3/7/23 (TotalEnergies SE Guaranteed), VRDN (b) | 7,800 | 7,800 | |
Series 2012, 3.4% 3/7/23 (TotalEnergies SE Guaranteed), VRDN (b) | 9,500 | 9,500 | |
Port Arthur Navigation District Jefferson County Rev.: | |||
Series 2000 B, 3.6% 3/7/23 (TotalEnergies SE Guaranteed), VRDN (b)(c) | 10,000 | 10,000 | |
Series 2022 B, 3.6% 3/7/23 (TotalEnergies SE Guaranteed), VRDN (b)(c) | 9,300 | 9,300 | |
Texas Gen. Oblig.: | |||
Series 2002 A, 3.55% 3/7/23 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (b)(c) | 20,570 | 20,570 | |
Series 2003 A, 3.55% 3/7/23 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (b)(c) | 13,705 | 13,705 | |
Series 2007 B, 3.55% 3/7/23 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (b)(c) | 20,075 | 20,075 | |
Series 2015 A, 3.5% 3/7/23 (Liquidity Facility State Street Bank & Trust Co., Boston), VRDN (b) | 2,580 | 2,580 | |
FNMA: | |||
Harris County Hsg. Fin. Corp. Multi-family Hsg. Rev.: | |||
(Louetta Village Apts. Proj.) Series 2005, 3.46% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 4,980 | 4,980 | |
(Primrose at Bammel Apts. Proj.) Series 2005, 3.52% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 6,480 | 6,480 | |
Houston Hsg. Fin. Corp. Multi-family Hsg. Rev. (Little Nell Apts. Proj.) Series 2003, 3.46% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 9,300 | 9,300 | |
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev.: | |||
(Residences at Sunset Pointe Proj.) Series 2006, 3.56% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 14,295 | 14,295 | |
(Windshire Apts. Proj.) Series 2007, 3.46% 3/7/23, LOC Fannie Mae, VRDN (b)(c) | 11,100 | 11,100 | |
TOTAL TEXAS | 251,660 | ||
Washington - 1.0% | |||
King County Hsg. Auth. Rev. (Overlake TOD Hsg. Proj.) Series 2000, 3.49% 3/7/23, LOC Bank of America NA, VRDN (b)(c) | 15,405 | 15,405 | |
Port of Seattle Rev. Series 2008, 3.6% 3/7/23, LOC MUFG Bank Ltd., VRDN (b)(c) | 15,860 | 15,860 | |
FHLMC Washington Hsg. Fin. Commission Multi-family Hsg. Rev. (The Lodge at Eagle Ridge Proj.) Series A, 3.46% 3/7/23, LOC Fed. Home Ln. Bank, San Francisco, VRDN (b)(c) | 8,885 | 8,885 | |
TOTAL WASHINGTON | 40,150 | ||
West Virginia - 2.0% | |||
West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev.: | |||
(Appalachian Pwr. Co. Amos Proj.) Series 2008 B, 3.43% 3/7/23, VRDN (b)(c) | 37,475 | 37,475 | |
(Appalachian Pwr. Co.- Mountaineer Proj.) Series 2008 A, 3.45% 3/7/23, VRDN (b)(c) | 42,400 | 42,400 | |
TOTAL WEST VIRGINIA | 79,875 | ||
Wisconsin - 1.4% | |||
Green Bay Redev. Auth. (Green Bay Packaging, Inc. Proj.) Series 2019, 3.5% 3/7/23, LOC Wells Fargo Bank NA, VRDN (b)(c)(e) | 53,200 | 53,200 | |
Wyoming - 0.6% | |||
Converse County Envir. Impt. Rev. Series 1995, 3.5% 3/7/23, VRDN (b)(c) | 3,600 | 3,600 | |
Lincoln County Envir. (PacifiCorp Proj.) Series 1995, 3.64% 3/7/23, VRDN (b)(c) | 16,800 | 16,800 | |
Lincoln County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 3.6% 3/7/23, VRDN (b) | 2,000 | 2,000 | |
TOTAL WYOMING | 22,400 | ||
TOTAL VARIABLE RATE DEMAND NOTE (Cost $1,665,319) | 1,665,319 | ||
Tender Option Bond - 39.5% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Alabama - 0.0% | |||
Huntsville Hosp. Participating VRDN Series XG 03 84, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,910 | 1,910 | |
Arizona - 0.8% | |||
Arizona Indl. Dev. Auth. Hosp. Rev. Participating VRDN Series XM 10 13, 3.54% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 675 | 675 | |
Arizona Tourism & Sports Auth. Tax Rev. Participating VRDN Series Floaters E85, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 7,115 | 7,115 | |
Maricopa County Indl. Dev. Auth. Participating VRDN Series E 147, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 6,500 | 6,500 | |
Mesa Util. Sys. Rev. Participating VRDN: | |||
Series Solar 17 0026, 3.47% 3/7/23 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(f)(g) | 2,815 | 2,815 | |
Series XM 10 12, 3.47% 3/7/23 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 2,400 | 2,400 | |
Phoenix Civic Impt. Board Arpt. Rev. Participating VRDN: | |||
Series Floaters ZF 27 58, 3.52% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 4,125 | 4,125 | |
Series YX 12 72, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 2,755 | 2,755 | |
Tempe Union High School District #213 Participating VRDN Series XF 23 31, 3.47% 3/7/23 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 3,400 | 3,400 | |
TOTAL ARIZONA | 29,785 | ||
California - 1.4% | |||
California Health Facilities Fing. Auth. Rev. Participating VRDN: | |||
Series 17 04, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 800 | 800 | |
Series Floaters XF 24 67, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,500 | 3,500 | |
Los Angeles Dept. Arpt. Rev. Participating VRDN: | |||
Series Floaters XF 06 99, 3.46% 3/7/23 (Liquidity Facility Toronto-Dominion Bank) (b)(c)(f)(g) | 2,520 | 2,520 | |
Series Floaters XF 27 24, 3.47% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(f)(g) | 1,200 | 1,200 | |
Series Floaters XX 10 28, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 8,000 | 8,000 | |
Series XM 08 69, 3.47% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 5,780 | 5,780 | |
Series YX 12 29, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 4,980 | 4,980 | |
Series ZL 02 47, 3.47% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 1,940 | 1,940 | |
Series ZM 04 73, 3.48% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 425 | 425 | |
Series ZM 04 87, 3.48% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 1,470 | 1,470 | |
Sacramento City Fing. Auth. Rev. Participating VRDN Series Floaters XG 01 00, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 2,900 | 2,900 | |
San Diego County Reg'l. Arpt. Auth. Arpt. Rev. Participating VRDN Series XX 12 15, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 2,000 | 2,000 | |
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev. Participating VRDN Series Floaters XL 01 01, 3.47% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 960 | 960 | |
San Jose Int. Arpt. Rev. Participating VRDN Series 2017, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 6,400 | 6,400 | |
Sanger Unified School District Participating VRDN Series Floaters XF 24 63, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 7,205 | 7,205 | |
Solano Cmnty. College District Participating VRDN Series Floaters XF 24 59, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,145 | 3,145 | |
TOTAL CALIFORNIA | 53,225 | ||
Colorado - 3.9% | |||
Colorado Health Facilities Auth. Rev. Bonds Participating VRDN: | |||
Series 2022 004, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 18,000 | 18,000 | |
Series XF 14 33, 3.47% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,000 | 3,000 | |
Series XF 30 40, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,100 | 3,100 | |
Series XG 02 51, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,665 | 2,665 | |
Series XM 08 29, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,900 | 3,900 | |
Series XM 08 41, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 4,000 | 4,000 | |
Colorado State Univ. Board of Governors Enterprise Sys. Rev. Participating VRDN Series E 143, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 6,900 | 6,900 | |
Denver City & County Arpt. Rev.: | |||
Bonds Series G-114, 3.67%, tender 6/1/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(d)(f)(g) | 400 | 400 | |
Participating VRDN: | |||
Series 2022 XX 12 60, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 6,450 | 6,450 | |
Series 2022 XX 12 61, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 3,750 | 3,750 | |
Series Floaters XG 01 96, 3.55% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(c)(f)(g) | 47,905 | 47,905 | |
Series Floaters XL 00 83, 3.5% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 23,665 | 23,665 | |
Series Floaters XL 00 84, 3.5% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 13,665 | 13,665 | |
Series Floaters ZF 06 89, 3.5% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 4,375 | 4,375 | |
Series Floaters ZF 06 90, 3.5% 3/6/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 9,315 | 9,315 | |
Series Floaters ZF 06 91, 3.5% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 3,680 | 3,680 | |
TOTAL COLORADO | 154,770 | ||
Connecticut - 2.4% | |||
Connecticut Gen. Oblig. Participating VRDN: | |||
Series Floaters 014, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,300 | 4,300 | |
Series Floaters 016, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 86,730 | 86,730 | |
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Bonds Series Floaters G 110, 3.6%, tender 10/2/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 3,300 | 3,300 | |
TOTAL CONNECTICUT | 94,330 | ||
District Of Columbia - 0.6% | |||
District of Columbia Gen. Oblig. Participating VRDN Series MS 4301, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 2,600 | 2,600 | |
District of Columbia Income Tax Rev. Participating VRDN Series XM 10 77, 3.45% 3/7/23 (Liquidity Facility UBS AG) (b)(f)(g) | 3,750 | 3,750 | |
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev. Participating VRDN: | |||
Series 2022 XG 04 04, 3.51% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 7,300 | 7,300 | |
Series XF 08 52, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 1,355 | 1,355 | |
Series XF 09 20, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,145 | 2,145 | |
Series XG 02 67, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,280 | 3,280 | |
Metropolitan Washington DC Arpts. Auth. Sys. Rev. Participating VRDN: | |||
Series Floaters XF 06 94, 3.54% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 2,295 | 2,295 | |
Series Floaters XF 27 94, 3.5% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(f)(g) | 1,545 | 1,545 | |
TOTAL DISTRICT OF COLUMBIA | 24,270 | ||
Florida - 2.8% | |||
Alachua County Health Facilities Auth. Health Facilities Rev. Participating VRDN Series XF 11 39, 3.5% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 1,905 | 1,905 | |
Broward County Arpt. Sys. Rev. Participating VRDN: | |||
Series Floaters XL 00 88, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 15,950 | 15,950 | |
Series XG 04 43, 3.49% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 3,445 | 3,445 | |
Broward County Convention Ctr. Bonds Series MS 00 11, 3.5%, tender 3/23/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 9,200 | 9,200 | |
Broward County Port Facilities Rev. Participating VRDN Series XF 09 52, 3.48% 3/7/23 (Liquidity Facility Toronto-Dominion Bank) (b)(c)(f)(g) | 3,320 | 3,320 | |
County of Broward Tourist Dev. Tax Rev. Participating VRDN Series XL 04 29, 3.42% 3/7/23 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 900 | 900 | |
Escambia County Health Facilities Auth. Health Facilities Rev. Participating VRDN: | |||
Series XG 02 75, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 735 | 735 | |
Series XG 02 81, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 375 | 375 | |
Series ZF 09 31, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,605 | 1,605 | |
Florida Dept. of Trans. Tpk. Rev. Participating VRDN Series XM 10 72, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,750 | 3,750 | |
Fort Myers Util. Sys. Rev. Participating VRDN Series 2022 XF 13 85, 3.52% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,200 | 3,200 | |
Greater Orlando Aviation Auth. Arpt. Facilities Rev.: | |||
Bonds Series Floaters G 25, 3.67%, tender 10/2/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(d)(f)(g) | 1,400 | 1,400 | |
Participating VRDN: | |||
Series XF 14 63, 3.52% 3/7/23 (Liquidity Facility Toronto-Dominion Bank) (b)(c)(f)(g) | 3,940 | 3,940 | |
Series XF 28 77, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 9,100 | 9,100 | |
Series XL 04 30, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 3,750 | 3,750 | |
Series XM 08 96, 3.47% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 6,375 | 6,375 | |
Lee County Arpt. Rev. Participating VRDN Series XF 11 26, 3.49% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(c)(f)(g) | 6,130 | 6,130 | |
Lee Memorial Health Sys. Hosp. Rev. Participating VRDN Series Floaters XG 02 34, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 940 | 940 | |
Miami-Dade County Participating VRDN Series XF 11 59, 3.49% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(c)(f)(g) | 8,100 | 8,100 | |
Miami-Dade County Aviation Rev. Participating VRDN Series 2022 025, 3.6% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 2,500 | 2,500 | |
Miami-Dade County Edl. Facilities Rev. Participating VRDN Series Floaters XG 01 92, 3.46% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 3,585 | 3,585 | |
Miami-Dade County Expressway Auth. Participating VRDN Series Floaters XG 02 52, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,500 | 3,500 | |
Miami-Dade County Wtr. & Swr. Rev. Participating VRDN Series 2021 XF 11 01, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 2,070 | 2,070 | |
Orlando Health Participating VRDN Series 026, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,000 | 1,000 | |
Palm Beach County Health Facilities Auth. Hosp. Rev. Participating VRDN: | |||
Series XG 03 70, 3.52% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,380 | 2,380 | |
Series XM 07 82, 3.49% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,190 | 3,190 | |
South Miami Health Facilities Auth. Hosp. Rev. Participating VRDN: | |||
Series XF 25 23, 3.49% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 7,700 | 7,700 | |
Series XM 08 68, 3.57% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 700 | 700 | |
Tampa-Hillsborough County Expressway Auth. Rev. Bonds Series G-113, 3.62%, tender 7/3/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 400 | 400 | |
TOTAL FLORIDA | 111,145 | ||
Georgia - 1.5% | |||
Burke County Indl. Dev. Auth. Poll. Cont. Rev. Participating VRDN: | |||
Series E 155, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 19,400 | 19,400 | |
Series Floaters E 107, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 14,800 | 14,800 | |
Cobb County Kennestone Hosp. Auth. Rev. Participating VRDN Series XF 11 49, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 3,785 | 3,785 | |
Fulton County Dev. Auth. Rev. Participating VRDN Series XL 02 68, 3.52% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 990 | 990 | |
Georgia Muni. Elec. Auth. Pwr. Rev. Participating VRDN: | |||
Series XF 08 23, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,945 | 2,945 | |
Series XG 04 46, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 2,450 | 2,450 | |
Main Street Natural Gas, Inc. Participating VRDN: | |||
Series 2022 ZL 03 05, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 1,995 | 1,995 | |
Series ZL 03 06, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,025 | 2,025 | |
Series ZL 03 09, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,370 | 2,370 | |
Muni. Elec. Auth. of Georgia Participating VRDN Series XG 02 54, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 6,425 | 6,425 | |
TOTAL GEORGIA | 57,185 | ||
Hawaii - 0.8% | |||
Hawaii Arpts. Sys. Rev. Participating VRDN: | |||
Series XX 12 17, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 7,870 | 7,870 | |
Series YX 12 52, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 5,895 | 5,895 | |
Hawaii Dept. of Budget & Fin. Spl. Purp. Rev. Participating VRDN Series Floaters XM 06 19, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 12,290 | 12,290 | |
Hawaii Gen. Oblig. Participating VRDN Series Solar 17 0031, 3.47% 3/7/23 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(f)(g) | 4,950 | 4,950 | |
TOTAL HAWAII | 31,005 | ||
Idaho - 0.0% | |||
Idaho Health Facilities Auth. Rev. Participating VRDN Series XG 03 74, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,180 | 2,180 | |
Illinois - 4.4% | |||
Chicago Gen. Oblig. Participating VRDN: | |||
Series 2022 XF 30 42, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 19,900 | 19,900 | |
Series 2022 XF 30 45, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,000 | 4,000 | |
Series Floaters XL 01 05, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,400 | 2,400 | |
Series XG 04 34, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,750 | 2,750 | |
Series XM 10 05, 3.57% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 1,300 | 1,300 | |
Series XX 12 64, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,955 | 2,955 | |
Chicago O'Hare Int'l. Arpt. Rev. Participating VRDN: | |||
Series Floaters XF 07 23, 3.46% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 9,020 | 9,020 | |
Series Floaters XG 02 19, 3.46% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 6,475 | 6,475 | |
Series Floaters XM 06 86, 3.49% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 4,480 | 4,480 | |
Series XF 14 30, 3.49% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 2,810 | 2,810 | |
Series XF 28 66, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 3,650 | 3,650 | |
Series XX 12 45, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 9,800 | 9,800 | |
Deutsche Bank Spears/Lifers Trust Participating VRDN Series Floaters XF 10 12, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,400 | 4,400 | |
Illinois Fin. Auth. Participating VRDN Series XF 30 36, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 4,000 | 4,000 | |
Illinois Fin. Auth. Rev. Participating VRDN: | |||
Series 2022 ZL 03 54, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 2,500 | 2,500 | |
Series Floaters 017, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 14,665 | 14,665 | |
Series XF 07 11, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 11,050 | 11,050 | |
Series XF 11 47, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 2,300 | 2,300 | |
Series XG 04 50, 3.45% 3/7/23 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 3,465 | 3,465 | |
Series YX 12 26, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,575 | 4,575 | |
Illinois Gen. Oblig. Participating VRDN: | |||
Series 15 XF 1006, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 7,000 | 7,000 | |
Series Floaters YX 10 72, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,595 | 2,595 | |
Series Floaters YX 10 86, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,660 | 1,660 | |
Series XF 10 10, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 5,800 | 5,800 | |
Series XM 07 59, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,125 | 1,125 | |
Series XM 10 48, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 4,345 | 4,345 | |
Series XX 11 41, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,400 | 1,400 | |
Illinois Toll Hwy. Auth. Toll Hwy. Rev. Participating VRDN: | |||
Series 15 XF0277, 3.48% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,000 | 2,000 | |
Series XF 14 22, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,670 | 2,670 | |
Series XM 00 78, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 15,375 | 15,375 | |
Series XM 04 75, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 4,680 | 4,680 | |
Series XM 10 02, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 4,245 | 4,245 | |
Metropolitan Pier & Exposition Participating VRDN Series 2022 XG 04 16, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 1,875 | 1,875 | |
TOTAL ILLINOIS | 171,265 | ||
Indiana - 0.6% | |||
Hamilton County Healthcare Facilities Rev. Participating VRDN Series XF 10 26, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 9,400 | 9,400 | |
Indiana Health Facility Fing. Auth. Rev. Bonds Series MS 00 12, 3.52%, tender 4/13/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(d)(f)(g) | 13,800 | 13,800 | |
TOTAL INDIANA | 23,200 | ||
Kentucky - 0.2% | |||
CommonSpirit Health Participating VRDN Series MIZ 90 21, 3.52% 3/7/23 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(f)(g) | 2,925 | 2,925 | |
Kentucky Econ. Dev. Fin. Auth. Participating VRDN: | |||
Series XM 08 39, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,390 | 2,390 | |
Series XM 08 42, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,575 | 2,575 | |
TOTAL KENTUCKY | 7,890 | ||
Louisiana - 3.4% | |||
Louisiana Gas & Fuel Tax Rev. Participating VRDN Series EGL 14 0049, 3.45% 3/7/23 (Liquidity Facility Citibank NA) (b)(f)(g) | 114,600 | 114,600 | |
New Orleans Aviation Board Rev. Participating VRDN Series Floaters XL 00 46, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 11,240 | 11,240 | |
RIB Floater Trust Various States Participating VRDN Series Floater 2023, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 6,900 | 6,900 | |
TOTAL LOUISIANA | 132,740 | ||
Maryland - 0.5% | |||
Baltimore Proj. Rev. Bonds Series Floaters G 28, 3.62%, tender 7/3/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 400 | 400 | |
Maryland Health & Higher Edl. Facilities Auth. Rev. Participating VRDN Series XF 10 21, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 3,290 | 3,290 | |
Montgomery County Gen. Oblig. Participating VRDN Series Floaters XG 02 15, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,600 | 1,600 | |
Univ. of Maryland Med. Sys., Participating VRDN Series 2022 031, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 13,415 | 13,415 | |
TOTAL MARYLAND | 18,705 | ||
Michigan - 0.6% | |||
Eastern Michigan Univ. Revs. Participating VRDN Series Floater 046, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 15,300 | 15,300 | |
Mclaren Health Care Corp. Participating VRDN Series XL 02 71, 3.52% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,380 | 2,380 | |
Michigan Fin. Auth. Rev. Participating VRDN: | |||
Series Floaters XF 26 48, 3.45% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,660 | 1,660 | |
Series XM 04 72, 3.45% 3/7/23 (Liquidity Facility Citibank NA) (b)(f)(g) | 5,500 | 5,500 | |
TOTAL MICHIGAN | 24,840 | ||
Minnesota - 0.1% | |||
Minnesota Hsg. Fin. Agcy. Participating VRDN Series XF 28 79, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 5,200 | 5,200 | |
Missouri - 1.7% | |||
Kansas City Indl. Dev. Auth. Participating VRDN: | |||
Series XG 03 96, 3.61% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(c)(f)(g) | 9,400 | 9,400 | |
Series XG 04 02, 3.49% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(c)(f)(g) | 4,000 | 4,000 | |
Kansas City Spl. Oblig. Participating VRDN Series YX 11 93, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,900 | 2,900 | |
Missouri Health & Edl. Facilities Auth. Edl. Facilities Rev. Participating VRDN: | |||
Series Floaters XF 07 63, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,000 | 3,000 | |
Series Floaters XG 01 84, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 6,200 | 6,200 | |
Missouri Health & Edl. Facilities Auth. Rev. Participating VRDN Series Floaters C16, 3.44% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 29,900 | 29,900 | |
Missouri Health & Edl. Facilities Rev. Participating VRDN Series Floaters C17, 3.46% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 5,500 | 5,500 | |
RBC Muni. Products, Inc. Trust Bonds Series 2023, 3.62%, tender 6/1/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,100 | 2,100 | |
St Louis County Spl. Oblig. Participating VRDN Series XG 03 82, 3.45% 3/7/23 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 2,240 | 2,240 | |
TOTAL MISSOURI | 65,240 | ||
Montana - 0.0% | |||
Montana Facility Fin. Auth. Participating VRDN Series 2021 XF 11 14, 3.41% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 200 | 200 | |
Nebraska - 0.3% | |||
Central Plains Energy Proj. Rev. Participating VRDN: | |||
Series 2022 ZL 03 01, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 1,400 | 1,400 | |
Series 2022 ZL 03 03, 3.47% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 3,380 | 3,380 | |
Omaha Pub. Pwr. District Elec. Rev. Participating VRDN Series 16 XF1053, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 5,545 | 5,545 | |
TOTAL NEBRASKA | 10,325 | ||
Nevada - 0.1% | |||
Clark County School District Participating VRDN Series XF 14 73, 3.54% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 1,600 | 1,600 | |
Las Vegas Convention & Visitors Auth. Participating VRDN Series XM 08 66, 3.46% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,100 | 2,100 | |
TOTAL NEVADA | 3,700 | ||
New Jersey - 0.6% | |||
New Jersey Econ. Dev. Auth. Lease Rev. Participating VRDN Series Floaters XF 25 25, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,055 | 1,055 | |
New Jersey Econ. Dev. Auth. Rev. Participating VRDN: | |||
Series Floaters XF 23 93, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,750 | 1,750 | |
Series Floaters XL 00 52, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 6,625 | 6,625 | |
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev. Participating VRDN Series Floaters XG 01 78, 3.5% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 910 | 910 | |
New Jersey Tpk. Auth. Tpk. Rev. Participating VRDN Series XM 10 96, 3.46% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 3,100 | 3,100 | |
New Jersey Trans. Trust Fund Auth. Participating VRDN: | |||
Series Floaters XG 02 05, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,900 | 1,900 | |
Series Floaters XX 10 93, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,900 | 3,900 | |
Series XF 11 54, 3.51% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 1,900 | 1,900 | |
Series YX 12 68, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,500 | 3,500 | |
TOTAL NEW JERSEY | 24,640 | ||
New Mexico - 0.1% | |||
New Mexico Mtg. Fin. Auth. Participating VRDN Series YX 11 89, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,575 | 2,575 | |
New York - 3.9% | |||
New York City Gen. Oblig. Participating VRDN Series 2020 003, 3.57% 4/11/23 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 1,225 | 1,225 | |
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Participating VRDN: | |||
Series Floaters E 129, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 30,700 | 30,700 | |
Series XF 13 36, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 4,325 | 4,325 | |
New York Dorm. Auth. Rev. Bonds Series MS 00 09, 3.5%, tender 3/23/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 2,700 | 2,700 | |
New York Metropolitan Trans. Auth. Rev. Participating VRDN: | |||
Series RBC E 126, 3.44% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 4,800 | 4,800 | |
Series XF 24 19, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 5,625 | 5,625 | |
Series XF 28 68, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 7,000 | 7,000 | |
Series XF 28 78, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,100 | 4,100 | |
Series XF 30 00, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 11,700 | 11,700 | |
Series XG 02 90, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 28,665 | 28,665 | |
Series XX 11 56, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 9,165 | 9,165 | |
New York Trans. Dev. Corp. Participating VRDN Series 2022 E 154, 3.52% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 43,500 | 43,500 | |
TOTAL NEW YORK | 153,505 | ||
New York And New Jersey - 0.8% | |||
Port Auth. of New York & New Jersey Participating VRDN: | |||
Series Floaters XF 06 83, 3.46% 3/7/23 (Liquidity Facility Toronto-Dominion Bank) (b)(c)(f)(g) | 2,000 | 2,000 | |
Series Floaters XM 06 16, 3.49% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 8,740 | 8,740 | |
Series ROC 14086, 3.47% 3/7/23 (Liquidity Facility Citibank NA) (b)(c)(f)(g) | 12,210 | 12,210 | |
Series YX 11 78, 3.49% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 5,625 | 5,625 | |
Series ZL 02 55, 3.49% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 1,100 | 1,100 | |
TOTAL NEW YORK AND NEW JERSEY | 29,675 | ||
North Carolina - 0.2% | |||
Charlotte Int'l. Arpt. Rev. Participating VRDN Series 2022 ZL 03 41, 3.45% 3/7/23 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 2,135 | 2,135 | |
Greater Asheville Reg'l. Arpt. Auth. Participating VRDN Series XM 10 11, 3.49% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 2,100 | 2,100 | |
North Carolina Med. Care Commission Health Care Facilities Rev. Participating VRDN Series ZL 02 61, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,425 | 3,425 | |
TOTAL NORTH CAROLINA | 7,660 | ||
North Dakota - 0.0% | |||
Grand Forks Health Care Sys. Rev. Participating VRDN Series XL 02 45, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 1,900 | 1,900 | |
Ohio - 1.2% | |||
CommonSpirit Health Participating VRDN Series MIZ 90 20, 3.52% 3/7/23 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(f)(g) | 1,755 | 1,755 | |
Cuyahoga County Ctfs. of Prtn. Participating VRDN Series Floaters XG 02 06, 3.52% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 5,300 | 5,300 | |
Cuyahoga County Hosp. Rev. Participating VRDN: | |||
Series 2022 XX 12 67, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,500 | 4,500 | |
Series XX 12 66, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,845 | 2,845 | |
Euclid City School District Participating VRDN Series G-39, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,100 | 2,100 | |
Franklin County Rev. Participating VRDN Series Floaters XF 25 90, 3.45% 3/7/23 (Liquidity Facility Citibank NA) (b)(f)(g) | 4,000 | 4,000 | |
Middletown Hosp. Facilities Rev. Participating VRDN Series Floaters 003, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 9,205 | 9,205 | |
Montgomery County Hosp. Rev. Participating VRDN: | |||
Series Floaters E 132, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 3,800 | 3,800 | |
Series XX 12 48, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,000 | 2,000 | |
Ohio Hosp. Rev. Participating VRDN: | |||
Series 002, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 7,500 | 7,500 | |
Series C18, 3.46% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,400 | 2,400 | |
Ohio Univ. Gen. Receipts Athens Bonds Series Floaters G 27, 3.62%, tender 6/1/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 1,100 | 1,100 | |
TOTAL OHIO | 46,505 | ||
Oklahoma - 0.3% | |||
Edmond Pub. Works Auth. Sales Tax & Util. Sys. Rev. Participating VRDN Series Floaters XM 05 59, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 4,500 | 4,500 | |
Oklahoma Dev. Fin. Auth. Health Sys. Rev. Participating VRDN: | |||
Series E 140, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 3,200 | 3,200 | |
Series Floaters XG 02 10, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 310 | 310 | |
Series XX 12 24, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,200 | 4,200 | |
TOTAL OKLAHOMA | 12,210 | ||
Oregon - 0.2% | |||
Port of Portland Arpt. Rev. Participating VRDN Series 2022 YX 11 77, 3.48% 3/2/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 8,500 | 8,500 | |
Pennsylvania - 1.5% | |||
Allegheny County Sanitation Auth. Swr. Rev. Participating VRDN Series Floaters XM 00 82, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,200 | 3,200 | |
Commonwealth Fing. Auth. Tobacco Participating VRDN Series XX 10 80, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,700 | 2,700 | |
Geisinger Auth. Health Sys. Rev. Participating VRDN: | |||
Series Floaters XF 05 43, 3.49% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,200 | 2,200 | |
Series XM 08 87, 3.57% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 765 | 765 | |
Pennsylvania Econ. Dev. Fing. Auth. Participating VRDN: | |||
Series XG 04 37, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 17,000 | 17,000 | |
Series XM 10 83, 3.51% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 6,970 | 6,970 | |
Pennsylvania Higher Edl. Facilities Auth. Rev. Participating VRDN Series XG 02 63, 3.45% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 3,615 | 3,615 | |
Pennsylvania State Univ. Participating VRDN Series XM 08 27, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 3,100 | 3,100 | |
Pennsylvania Tpk. Commission Tpk. Rev. Participating VRDN: | |||
Series BC 22 018, 3.31% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,200 | 2,200 | |
Series XM 10 08, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 830 | 830 | |
Philadelphia Arpt. Rev. Participating VRDN Series YX 12 11, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 11,245 | 11,245 | |
Philadelphia Auth. for Indl. Dev. Participating VRDN: | |||
Series XG 02 53, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,260 | 1,260 | |
Series XM 00 05, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 4,200 | 4,200 | |
Southeastern Pennsylvania Trans. Auth. Rev. Participating VRDN Series XG 04 13, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 1,400 | 1,400 | |
TOTAL PENNSYLVANIA | 60,685 | ||
South Carolina - 0.4% | |||
Columbia Wtrwks. & Swr. Rev. Participating VRDN Series 2016 21, 3.47% 3/7/23 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(f)(g) | 7,685 | 7,685 | |
South Carolina Jobs-Econ. Dev. Auth. Participating VRDN Series Floaters XF 07 43, 3.49% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,000 | 2,000 | |
South Carolina Jobs-Econ. Dev. Auth. Hosp. Impt. Rev. Participating VRDN Series XF 09 30, 3.57% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 1,015 | 1,015 | |
South Carolina Pub. Svc. Auth. Rev. Participating VRDN: | |||
Series 2017 XF 2425, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 3,500 | 3,500 | |
Series Floaters XG 01 49, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,000 | 2,000 | |
TOTAL SOUTH CAROLINA | 16,200 | ||
Tennessee - 0.2% | |||
Metropolitan Nashville Arpt. Auth. Rev. Participating VRDN: | |||
Series XL 03 82, 3.49% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(c)(f)(g) | 3,300 | 3,300 | |
Series YX 11 39, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 3,000 | 3,000 | |
TOTAL TENNESSEE | 6,300 | ||
Texas - 1.2% | |||
Austin Arpt. Sys. Rev. Participating VRDN Series YX 11 99, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 5,800 | 5,800 | |
Dallas County Util. and Reclamation District Participating VRDN Series Floaters CTFS G 99, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 945 | 945 | |
Deutsche Bank Spears/Lifers Trust Participating VRDN Series DB 80 93, 3.47% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 4,200 | 4,200 | |
El Paso Wtr. & Swr. Rev. Bonds Series 2022 MS 00 10, 3.52%, tender 4/6/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 5,200 | 5,200 | |
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. Participating VRDN Series 2022 006, 3.57% 4/11/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,200 | 1,200 | |
Memorial Hermann Hosp. Sys. Participating VRDN Series XF 11 40, 3.48% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 2,300 | 2,300 | |
North Ft. Bend Wtr. Auth. Participating VRDN: | |||
Series XL 04 22, 3.53% 3/7/23 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 2,300 | 2,300 | |
Series ZF 30 86, 3.45% 3/7/23 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g) | 3,990 | 3,990 | |
North Texas Tollway Auth. Rev. Bonds Series G-112, 3.62%, tender 7/3/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 600 | 600 | |
RBC Muni. Products, Inc. Trust Bonds Series G 124, 3.62%, tender 9/1/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g)(h) | 1,300 | 1,300 | |
Spring Branch Independent School District Participating VRDN Series XL 03 35, 3.45% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,875 | 1,875 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Participating VRDN: | |||
Series 16 XF0411, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 6,900 | 6,900 | |
Series XG 02 78, 3.46% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 440 | 440 | |
Series XG 04 21, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 2,125 | 2,125 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. Participating VRDN Series 2021 E1 50, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 5,000 | 5,000 | |
Texas Wtr. Dev. Board Rev. Participating VRDN Series XF 13 29, 3.46% 3/7/23 (Liquidity Facility Toronto-Dominion Bank) (b)(f)(g) | 5,000 | 5,000 | |
TOTAL TEXAS | 49,175 | ||
Utah - 0.2% | |||
Intermountain Pwr. Agcy. Pwr. Supply Rev. Participating VRDN Series E152, 3.45% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 3,575 | 3,575 | |
Salt Lake City Arpt. Rev. Participating VRDN Series XX 12 49, 3.47% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 2,920 | 2,920 | |
Utah County Hosp. Rev. Participating VRDN Series XM 10 03, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,440 | 2,440 | |
TOTAL UTAH | 8,935 | ||
Virginia - 0.6% | |||
Chesapeake Bay Bridge and Tunnel District Gen. Resolution Rev. Participating VRDN Series XF 30 64, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,100 | 1,100 | |
Fairfax County Indl. Dev. Auth. Participating VRDN Series ZL 02 28, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 6,500 | 6,500 | |
Norfolk Econ. Dev. Health Care Facilities Participating VRDN Series 2022 C19, 3.46% 3/7/23 (Liquidity Facility Royal Bank of Canada) (b)(f)(g) | 2,500 | 2,500 | |
Univ. of Virginia Gen. Rev. Participating VRDN: | |||
Series Solar 17 17, 3.47% 3/7/23 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(f)(g) | 3,215 | 3,215 | |
Series XG 04 08, 3.45% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(f)(g) | 3,375 | 3,375 | |
Virginia Pub. Bldg. Auth. Pub. Facilities Rev. Bonds Series Floaters G 40, 3.62%, tender 8/1/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 600 | 600 | |
Virginia Small Bus. Fing. Auth. Health Care Facilities Rev. Participating VRDN: | |||
Series XF 09 26, 3.57% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,815 | 2,815 | |
Series ZF 09 27, 3.57% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,560 | 2,560 | |
TOTAL VIRGINIA | 22,665 | ||
Washington - 1.7% | |||
Barclays Bank PLC Participating VRDN Series YX 12 41, 3.49% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 3,625 | 3,625 | |
CommonSpirit Health Participating VRDN Series XF 1017, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,000 | 1,000 | |
Deutsche Bank Spears/Lifers Trust Participating VRDN Series 2023, 3.47% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(f)(g) | 2,200 | 2,200 | |
Port of Seattle Rev. Participating VRDN: | |||
Series 2022 ZF 30 68, 3.47% 3/7/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(f)(g) | 2,700 | 2,700 | |
Series 2022 ZL 03 16, 3.49% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(c)(f)(g) | 4,900 | 4,900 | |
Series Floaters XM 06 65, 3.52% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 12,700 | 12,700 | |
Series XF 13 71, 3.56% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 4,300 | 4,300 | |
Series XF 26 30, 3.51% 3/7/23 (Liquidity Facility Deutsche Bank AG New York Branch) (b)(c)(f)(g) | 8,480 | 8,480 | |
Series XM 08 75, 3.52% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(f)(g) | 2,620 | 2,620 | |
Port of Tacoma Rev. Participating VRDN Series Floaters XF 06 58, 3.5% 3/7/23 (Liquidity Facility Bank of America NA) (b)(c)(f)(g) | 5,410 | 5,410 | |
RBC Muni. Products, Inc. Trust Bonds Series G 123, 3.62%, tender 5/1/23 (Liquidity Facility Royal Bank of Canada) (b)(d)(f)(g) | 1,000 | 1,000 | |
Washington Convention Ctr. Pub. Facilities Participating VRDN: | |||
Series 2022 XX 12 38, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 4,000 | 4,000 | |
Series XG 02 92, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 400 | 400 | |
Washington Gen. Oblig. Participating VRDN Series 2022 ZF 14 03, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 1,675 | 1,675 | |
Washington Health Care Facilities Auth. Rev. Participating VRDN: | |||
Series 15 XF0132, 3.48% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 7,200 | 7,200 | |
Series XF 30 62, 3.46% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 2,300 | 2,300 | |
Series YX 12 10, 3.52% 3/7/23 (Liquidity Facility Barclays Bank PLC) (b)(f)(g) | 1,600 | 1,600 | |
TOTAL WASHINGTON | 66,110 | ||
Wisconsin - 0.1% | |||
Wisconsin Health & Edl. Facilities Participating VRDN Series Floaters XF 07 41, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 2,715 | 2,715 | |
Wyoming - 0.2% | |||
Cheyenne Reg'l. Med. Ctr. Participating VRDN Series XL 13 45, 3.47% 3/7/23 (Liquidity Facility Bank of America NA) (b)(f)(g) | 1,920 | 1,920 | |
Wyoming Muni. Pwr. Agcy. Pwr. Supply Sys. Rev. Participating VRDN Series XL 00 70, 3.45% 3/7/23 (Liquidity Facility JPMorgan Chase Bank) (b)(f)(g) | 6,600 | 6,600 | |
TOTAL WYOMING | 8,520 | ||
TOTAL TENDER OPTION BOND (Cost $1,551,585) | 1,551,585 | ||
Other Municipal Security - 15.5% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Alabama - 0.3% | |||
Huntsville Health Care Auth. Rev. Series 2023, 3.4% 4/5/23, CP | 12,300 | 12,300 | |
Arizona - 0.0% | |||
Phoenix Civic Impt. Board Arpt. Rev. Bonds Series 2018, 5% 7/1/23 (c) | 1,100 | 1,105 | |
Connecticut - 0.1% | |||
Connecticut Gen. Oblig. Bonds Series 2013 A, 4.32% 3/1/23 (b)(h) | 1,200 | 1,200 | |
Connecticut Higher Ed. Supplemental Ln. Auth. Rev. Bonds (Chesla Ln. Prog.) Series 2017 A, 5% 11/15/23 (Escrowed to Maturity) (c) | 1,100 | 1,112 | |
TOTAL CONNECTICUT | 2,312 | ||
Florida - 3.7% | |||
Alachua County Health Facilities Auth. Health Facilities Rev. Bonds Series 2023 A, 3.54% tender 4/6/23, LOC Bank of America NA, CP mode | 9,840 | 9,840 | |
Florida Local Govt. Fin. Cmnty. Series 2023 A1: | |||
3% 4/4/23, LOC JPMorgan Chase Bank, CP | 9,843 | 9,843 | |
3.1% 3/7/23, LOC JPMorgan Chase Bank, CP | 5,700 | 5,700 | |
Miami-Dade County Bonds Series 2013 B, 6% 10/1/23 (Pre-Refunded to 10/1/23 @ 100) (c) | 2,000 | 2,026 | |
Miami-Dade County Aviation Rev. Series 2023, 3.55% 3/16/23, LOC Bank of America NA, CP (c) | 18,700 | 18,700 | |
Polk County Indl. Dev. Auth. Health Sys. Rev. Bonds: | |||
Series 2014 A, SIFMA Municipal Swap Index + 0.300% 3.72%, tender 9/26/23 (b)(h) | 28,200 | 28,200 | |
Series 2014 A1, SIFMA Municipal Swap Index + 0.250% 3.67%, tender 9/26/23 (b)(h) | 28,900 | 28,900 | |
Tampa Health Sys. Rev. Bonds Series 2012 B, SIFMA Municipal Swap Index + 0.300% 3.72%, tender 9/26/23 (b)(h) | 42,015 | 42,015 | |
TOTAL FLORIDA | 145,224 | ||
Georgia - 1.0% | |||
Atlanta Arpt. Rev.: | |||
Series 2023 N2, 3.55% 4/25/23, LOC PNC Bank NA, CP (c) | 20,400 | 20,400 | |
Series 2023 O2, 3.45% 4/25/23, LOC JPMorgan Chase Bank, CP (c) | 17,171 | 17,171 | |
TOTAL GEORGIA | 37,571 | ||
Illinois - 1.1% | |||
Illinois Fin. Auth. Rev. Bonds (Advocate Health Care Network Proj.) Series 2011 B, SIFMA Municipal Swap Index + 0.300% 3.75%, tender 9/26/23 (b)(h) | 40,690 | 40,690 | |
Indiana - 1.6% | |||
Indiana Fin. Auth. Rev. Bonds (Ohio River Bridges East End Crossing Proj.) Series 2013 A: | |||
5% 7/1/23 (Pre-Refunded to 7/1/23 @ 100) (c) | 23,200 | 23,267 | |
5% 7/1/23 (Pre-Refunded to 7/1/23 @ 100) (c) | 2,300 | 2,310 | |
5% 7/1/23 (Pre-Refunded to 7/1/23 @ 100) (c) | 22,580 | 22,668 | |
5.25% 7/1/23 (Pre-Refunded to 7/1/23 @ 100) (c) | 12,800 | 12,854 | |
TOTAL INDIANA | 61,099 | ||
Massachusetts - 0.2% | |||
Massachusetts Wtr. Resources Auth. Wtr. & Swr. Rev. Series 2023, 3.52% 3/15/23, LOC TD Banknorth, NA, CP | 8,800 | 8,800 | |
Michigan - 0.5% | |||
Kent Hosp. Fin. Auth. Hosp. Facilities Rev. Bonds (Spectrum Health Sys. Proj.) Series 2015 A, SIFMA Municipal Swap Index + 0.250% 3.67%, tender 9/26/23 (b)(h) | 18,845 | 18,845 | |
Minnesota - 0.2% | |||
Minnesota State Gen. Fdg. Rev. Bonds Series 2022 A, 5% 3/1/23 | 9,100 | 9,100 | |
New Jersey - 0.3% | |||
Beachwood BAN Series 2023 A, 5% 2/28/24 (i) | 3,135 | 3,177 | |
Evesham Township BAN Series 2022 B, 4% 9/20/23 | 3,895 | 3,918 | |
New Jersey Econ. Dev. Auth. Rev. Bonds Series 2013, 5% 3/1/23 | 1,500 | 1,500 | |
New Jersey Edl. Facility Bonds Series 2014 A, 5% 9/1/23 | 1,800 | 1,813 | |
Wood-Ridge Gen. Oblig. BAN Series 2023, 5.5% 2/27/24 | 1,900 | 1,933 | |
TOTAL NEW JERSEY | 12,341 | ||
New York - 1.0% | |||
North Hempstead Gen. Oblig. BAN Series 2022 C, 4.5% 9/22/23 | 9,500 | 9,579 | |
Oyster Bay Gen. Oblig. BAN Series 2022, 3% 3/9/23 | 1 | 1 | |
Sachem Central School District of Holbrook TAN Series 2022, 4% 3/16/23 | 12,100 | 12,106 | |
Sag Hbr. Union Free School District TAN Series 2022, 5% 5/18/23 | 4,500 | 4,515 | |
Sayville Union Free School District TAN Series 2022, 5% 6/23/23 | 14,250 | 14,314 | |
TOTAL NEW YORK | 40,515 | ||
Oklahoma - 0.1% | |||
Oklahoma City Wtr. Utils. Series 2023 A, 3.1% 4/5/23 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | 4,800 | 4,800 | |
Pennsylvania - 0.1% | |||
Pennsylvania Hsg. Fin. Agcy. Bonds Series 2021 134B, 5% 4/1/23 (c) | 510 | 511 | |
Philadelphia Wtr. Series 2023 C, 3.35% 3/23/23, LOC The Toronto-Dominion Bank, CP | 1,000 | 1,000 | |
Philadelphia Wtr. & Wastewtr. Rev. Series 2023 B, 3.05% 3/6/23, LOC Royal Bank of Canada, CP | 1,000 | 1,000 | |
TOTAL PENNSYLVANIA | 2,511 | ||
Texas - 5.1% | |||
Austin Elec. Util. Sys. Rev. Series 2023 A: | |||
3.1% 3/7/23 (Liquidity Facility JPMorgan Chase Bank), CP | 1,700 | 1,700 | |
3.9% 3/2/23 (Liquidity Facility JPMorgan Chase Bank), CP | 21,000 | 21,000 | |
Harris County Cultural Ed. Facilities Fin. Corp. Rev. Bonds: | |||
Series 2022 B1, 3.25% tender 3/1/23, CP mode | 8,800 | 8,800 | |
Series 2023, 3.2% tender 4/4/23, CP mode | 11,800 | 11,800 | |
Harris County Gen. Oblig.: | |||
Series 2023 D: | |||
3% 3/8/23 (Liquidity Facility JPMorgan Chase Bank), CP | 2,600 | 2,600 | |
3.3% 6/6/23 (Liquidity Facility JPMorgan Chase Bank), CP | 7,200 | 7,200 | |
Series 2023 D2, 3.15% 4/3/23 (Liquidity Facility State Street Bank & Trust Co., Boston), CP | 1,900 | 1,900 | |
Series 2023 D3, 3.15% 4/3/23 (Liquidity Facility Wells Fargo Bank NA), CP | 4,300 | 4,300 | |
Houston Gen. Oblig. Bonds Series 2016 A, 5% 3/1/23 | 1,000 | 1,000 | |
Love Field Arpt. Modernization Rev. Series 2023, 3.4% 5/3/23, LOC JPMorgan Chase Bank, CP (c) | 8,900 | 8,900 | |
Lower Colorado River Auth. Rev.: | |||
Series 2022, 3.55% 3/2/23, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 2,400 | 2,400 | |
Series 2023 B, 3.25% 3/30/23, LOC State Street Bank & Trust Co., Boston, CP | 2,200 | 2,200 | |
Series 2023, 2.93% 3/2/23, LOC JPMorgan Chase Bank, LOC State Street Bank & Trust Co., Boston, CP | 6,100 | 6,100 | |
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Bonds (Baylor Health Care Sys. Proj.): | |||
Series 2011 B, SIFMA Municipal Swap Index + 0.300% 3.75%, tender 9/26/23 (b)(h) | 31,700 | 31,700 | |
Series 2013 B, SIFMA Municipal Swap Index + 0.300% 3.75%, tender 9/26/23 (b)(h) | 31,000 | 31,000 | |
Univ. of Texas Board of Regents Sys. Rev. Series 2023 A: | |||
2.9% 3/7/23 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 1,800 | 1,800 | |
3.2% 3/3/23 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 3,000 | 3,000 | |
3.2% 4/5/23 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 3,900 | 3,900 | |
3.2% 8/1/23 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 3,000 | 3,000 | |
3.25% 4/3/23 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 15,300 | 15,300 | |
3.5% 4/6/23 (Liquidity Facility Univ. of Texas Invt. Mgmt. Co.), CP | 7,700 | 7,700 | |
Univ. of Texas Permanent Univ. Fund Rev. Series 2023 A: | |||
3.05% 3/6/23, CP | 7,300 | 7,300 | |
3.45% 6/26/23, CP | 7,900 | 7,900 | |
3.45% 6/26/23, CP | 7,900 | 7,900 | |
TOTAL TEXAS | 200,400 | ||
Vermont - 0.0% | |||
Vermont Econ. Dev. Auth. Rev. Series 2023 D, 3.6% 5/17/23, LOC JPMorgan Chase Bank, CP (c) | 1,400 | 1,400 | |
Washington - 0.2% | |||
Port of Seattle Rev. Bonds: | |||
Series 2015 B, 5% 3/1/23 | 800 | 800 | |
Series 2018 B, 5% 5/1/23 (c) | 4,095 | 4,104 | |
Series 2019, 5% 4/1/23 (c) | 3,300 | 3,305 | |
Series 2021 C, 5% 8/1/23 (c) | 130 | 131 | |
TOTAL WASHINGTON | 8,340 | ||
TOTAL OTHER MUNICIPAL SECURITY (Cost $607,353) | 607,353 | ||
Investment Company - 2.3% | |||
Shares | Value ($) (000s) | ||
Fidelity Municipal Cash Central Fund 3.19% (j)(k) (Cost $88,891) | 88,875 | 88,891 | |
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $3,913,148) | 3,913,148 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 10,418 |
NET ASSETS - 100.0% | 3,923,566 |
BAN | - | BOND ANTICIPATION NOTE |
CP | - | COMMERCIAL PAPER |
TAN | - | TAX ANTICIPATION NOTE |
VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $28,700,000 or 0.7% of net assets. |
(e) | 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. At the end of the period, the value of these securities amounted to $53,200,000 or 1.4% of net assets. |
(f) | Provides evidence of ownership in one or more underlying municipal bonds. |
(g) | Coupon rates are determined by re-marketing agents based on current market conditions. |
(h) | Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors. |
(i) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(j) | Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund. |
(k) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Cost ($) (000s) |
Baltimore Proj. Rev. Bonds Series Floaters G 28, 3.62%, tender 7/3/23 (Liquidity Facility Royal Bank of Canada) | 1/03/23 | 400 |
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Bonds Series Floaters G 110, 3.6%, tender 10/2/23 (Liquidity Facility Royal Bank of Canada) | 4/01/21 - 12/20/22 | 3,300 |
Denver City & County Arpt. Rev. Bonds Series G-114, 3.67%, tender 6/1/23 (Liquidity Facility Royal Bank of Canada) | 12/01/22 | 400 |
Greater Orlando Aviation Auth. Arpt. Facilities Rev. Bonds Series Floaters G 25, 3.67%, tender 10/2/23 (Liquidity Facility Royal Bank of Canada) | 4/01/21 - 12/20/22 | 1,400 |
Indiana Health Facility Fing. Auth. Rev. Bonds Series MS 00 12, 3.52%, tender 4/13/23 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) | 2/09/23 | 13,800 |
North Texas Tollway Auth. Rev. Bonds Series G-112, 3.62%, tender 7/3/23 (Liquidity Facility Royal Bank of Canada) | 1/03/23 | 600 |
Ohio Univ. Gen. Receipts Athens Bonds Series Floaters G 27, 3.62%, tender 6/1/23 (Liquidity Facility Royal Bank of Canada) | 12/01/22 | 1,100 |
Port Auth. of New York & New Jersey Series 1992 2, 3.47% 3/30/23, VRDN | 7/15/20 | 500 |
Port Auth. of New York & New Jersey Series 1995 4, 3.5% 3/30/23, VRDN | 8/17/20 | 3,900 |
RBC Muni. Products, Inc. Trust Bonds Series G 123, 3.62%, tender 5/1/23 (Liquidity Facility Royal Bank of Canada) | 2/09/23 | 1,000 |
RBC Muni. Products, Inc. Trust Bonds Series G 124, 3.62%, tender 9/1/23 (Liquidity Facility Royal Bank of Canada) | 2/09/23 | 1,300 |
Tampa-Hillsborough County Expressway Auth. Rev. Bonds Series G-113, 3.62%, tender 7/3/23 (Liquidity Facility Royal Bank of Canada) | 1/03/23 | 400 |
Virginia Pub. Bldg. Auth. Pub. Facilities Rev. Bonds Series Floaters G 40, 3.62%, tender 8/1/23 (Liquidity Facility Royal Bank of Canada) | 2/01/21 | 600 |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Municipal Cash Central Fund 3.19% | 135,814 | 514,153 | 561,076 | 1,950 | - | - | 88,891 | 4.2% |
Total | 135,814 | 514,153 | 561,076 | 1,950 | - | - | 88,891 | |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amount) | February 28, 2023 (Unaudited) | |||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,824,257) | $ | 3,824,257 | ||
Fidelity Central Funds (cost $88,891) | 88,891 | |||
Total Investment in Securities (cost $3,913,148) | $ | 3,913,148 | ||
Receivable for investments sold | 11,523 | |||
Receivable for fund shares sold | 9,736 | |||
Interest receivable | 17,957 | |||
Distributions receivable from Fidelity Central Funds | 207 | |||
Prepaid expenses | 3 | |||
Receivable from investment adviser for expense reductions | 23 | |||
Other receivables | 1 | |||
Total assets | 3,952,598 | |||
Liabilities | ||||
Payable to custodian bank | $ | 9,463 | ||
Payable for investments purchased | ||||
Regular delivery | 8,900 | |||
Delayed delivery | 3,177 | |||
Payable for fund shares redeemed | 5,539 | |||
Distributions payable | 569 | |||
Accrued management fee | 812 | |||
Other affiliated payables | 533 | |||
Other payables and accrued expenses | 39 | |||
Total Liabilities | 29,032 | |||
Net Assets | $ | 3,923,566 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,923,954 | ||
Total accumulated earnings (loss) | (388) | |||
Net Assets | $ | 3,923,566 | ||
Net Asset Value , offering price and redemption price per share ($3,923,566 ÷ 3,916,315 shares) | $ | 1.00 |
Statement of Operations | ||||
Amounts in thousands | Six months ended February 28, 2023 (Unaudited) | |||
Investment Income | ||||
Interest | $ | 49,397 | ||
Income from Fidelity Central Funds | 1,947 | |||
Total Income | 51,344 | |||
Expenses | ||||
Management fee | $ | 5,013 | ||
Transfer agent fees | 3,111 | |||
Accounting fees and expenses | 177 | |||
Custodian fees and expenses | 19 | |||
Independent trustees' fees and expenses | 8 | |||
Registration fees | 74 | |||
Audit | 35 | |||
Legal | 3 | |||
Miscellaneous | 6 | |||
Total expenses before reductions | 8,446 | |||
Expense reductions | (66) | |||
Total expenses after reductions | 8,380 | |||
Net Investment income (loss) | 42,964 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (20) | |||
Capital gain distributions from Fidelity Central Funds | 3 | |||
Total net realized gain (loss) | (17) | |||
Net increase in net assets resulting from operations | $ | 42,947 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended February 28, 2023 (Unaudited) | Year ended August 31, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 42,964 | $ | 10,792 |
Net realized gain (loss) | (17) | (37) | ||
Net increase in net assets resulting from operations | 42,947 | 10,755 | ||
Distributions to shareholders | (42,970) | (11,388) | ||
Share transactions | ||||
Proceeds from sales of shares | 812,193 | 689,167 | ||
Reinvestment of distributions | 40,246 | 10,791 | ||
Cost of shares redeemed | (1,051,110) | (1,224,861) | ||
Net increase (decrease) in net assets and shares resulting from share transactions | (198,671) | (524,903) | ||
Total increase (decrease) in net assets | (198,694) | (525,536) | ||
Net Assets | ||||
Beginning of period | 4,122,260 | 4,647,796 | ||
End of period | $ | 3,923,566 | $ | 4,122,260 |
Other Information | ||||
Shares | ||||
Sold | 812,193 | 689,167 | ||
Issued in reinvestment of distributions | 40,246 | 10,791 | ||
Redeemed | (1,051,110) | (1,224,861) | ||
Net increase (decrease) | (198,671) | (524,903) | ||
Fidelity® Municipal Money Market Fund |
Six months ended (Unaudited) February 28, 2023 | Years ended August 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A | .011 | .003 | - B | .007 | .013 | .009 | ||||||
Net realized and unrealized gain (loss) | - B | - B | - B | .001 | - B | - B | ||||||
Total from investment operations | .011 | .003 | - B | .008 | .013 | .009 | ||||||
Distributions from net investment income | (.011) | (.003) | - B | (.007) | (.013) | (.009) | ||||||
Distributions from net realized gain | - | - B | - | (.001) | - B | - | ||||||
Total distributions | (.011) | (.003) | - B | (.008) | (.013) | (.009) | ||||||
Net asset value, end of period | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 |
Total Return C,D | 1.07% | .27% | .01% | .76% | 1.30% | .89% | ||||||
Ratios to Average Net Assets A,E,F | ||||||||||||
Expenses before reductions | .42% G | .41% | .41% | .42% | .42% | .41% | ||||||
Expenses net of fee waivers, if any | .42% G | .26% | .16% | .41% | .42% | .41% | ||||||
Expenses net of all reductions | .42% G | .26% | .16% | .41% | .42% | .41% | ||||||
Net investment income (loss) | 2.14% G | .24% | .01% | .71% | 1.29% | .87% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3,924 | $ | 4,122 | $ | 4,648 | $ | 5,430 | $ | 6,546 | $ | 8,219 |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $- |
Gross unrealized depreciation | - |
Net unrealized appreciation (depreciation) | $- |
Tax cost | $3,913,148 |
% of Average Net Assets | |
Fidelity Municipal Money Market Fund | .01 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Municipal Money Market Fund | 167,378 | 180,605 | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2022 to February 28, 2023). |
Annualized Expense Ratio- A | Beginning Account Value September 1, 2022 | Ending Account Value February 28, 2023 | Expenses Paid During Period- C September 1, 2022 to February 28, 2023 | |||||||
Fidelity® Municipal Money Market Fund | .42% | |||||||||
Actual | $ 1,000 | $ 1,010.70 | $ 2.09 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.71 | $ 2.11 | |||||||
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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.
Investments
(a)
Not applicable.
(b)
Not applicable
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.
Purchase 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
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Union Street Trust II’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Union Street Trust II’s (the “Trust”) disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’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) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
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.
Fidelity Union Street Trust II
By: | /s/Laura M. Del Prato |
Laura M. Del Prato | |
President and Treasurer | |
Date: | April 20, 2023 |
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/Laura M. Del Prato |
Laura M. Del Prato | |
President and Treasurer | |
Date: | April 20, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | April 20, 2023 |