NPORT-EX 2 poi_fhpremmuniincfund.htm POI - FEDERATED HERMES PREMIER MUNICIPAL INCOME FUND EDGAR HTML
Federated Hermes Premier Municipal Income Fund
Portfolio of Investments
February 28, 2023 (unaudited) 
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—98.2%
 
 
 
Alabama—1.8%
 
$1,500,000
 
Alabama State Corrections Institution Finance Authority (Alabama State), Revenue Bonds (Series 2022A),
5.250%, 7/1/2052
$1,613,979
2,500,000
 
Lower Alabama Gas District, Gas Project Revenue Bonds (Series 2016A), (Goldman Sachs Group, Inc. GTD),
5.000%, 9/1/2046
2,481,622
 
 
TOTAL
4,095,601
 
 
Arizona—1.9%
 
500,000
 
Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series 2017F), (School District Credit
Program GTD), 5.000%, 7/1/2052
507,662
585,000
1
Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2036
583,269
2,000,000
 
Phoenix, AZ IDA (GreatHearts Academies), Education Facility Revenue Bonds (Series 2014A), 5.000%, 7/1/2034
2,023,683
625,000
1
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series 2022A), 6.750%, 11/15/2042
637,385
640,000
1
Verrado Community Facilities District No. 1, AZ, District GO Refunding Bonds (Series 2013A), 6.000%, 7/15/2027
641,457
 
 
TOTAL
4,393,456
 
 
California—9.1%
 
3,000,000
 
California Health Facilities Financing Authority (Stanford Health Care), Revenue Refunding Bonds (Series 2017A),
4.000%, 11/15/2040
2,960,364
2,300,000
 
California Infrastructure & Economic Development Bank (Equitable School Revolving Fund), Senior National Charter
School Revolving Loan Fund Revenue Bonds (Series 2022B), 5.000%, 11/1/2057
2,322,888
165,000
1
California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living Revenue Refunding Bonds
(Series 2021A), 5.000%, 11/15/2056
135,342
600,000
1
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.000%, 7/1/2034
607,960
250,000
1
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.125%, 7/1/2044
251,208
1,000,000
1
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.000%, 7/1/2035
1,018,877
600,000
 
California State, Various Purpose UT GO Bonds, 5.250%, 9/1/2047
673,016
1,000,000
1
California Statewide Communities Development Authority (899 Charleston LLC), Revenue Refunding Bonds (Series 2014A),
5.000%, 11/1/2034
879,323
375,000
1
California Statewide Communities Development Authority (899 Charleston LLC), Revenue Refunding Bonds (Series 2014A),
5.250%, 11/1/2044
310,300
1,110,000
 
Chula Vista, CA Municipal Finance Authority, Special Tax Revenue Refunding Bonds (Series 2013), 5.500%, 9/1/2028
1,124,898
1,000,000
 
Foothill/Eastern Transportation Corridor Agency, CA, Toll Road Refunding Revenue Bonds (Series 2013A), (Original Issue
Yield: 6.050%), (United States Treasury PRF 1/15/2024@100), 5.750%, 1/15/2046
1,023,066
1,060,000
 
Golden State Tobacco Securitization Corp., CA, Tobacco Settlement Asset-Backed Bonds (Series 2022), 5.000%, 6/1/2051
1,103,350
165,000
 
Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement Bonds, 5.000%, 9/2/2028
166,730
1,400,000
 
Los Angeles, CA Department of Water & Power (Los Angeles, CA Department of Water & Power (Electric/Power System)),
Power System Revenue Bonds (Series 2022C), 5.000%, 7/1/2043
1,543,322
1,500,000
 
M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Citigroup, Inc. GTD), 7.000%, 11/1/2034
1,860,379
1,225,000
 
M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Original Issue Yield: 6.375%), (Citigroup, Inc. GTD),
6.125%, 11/1/2029
1,350,068
255,000
 
Riverside County, CA Transportation Commission (RCTC 91 Express Lanes), Toll Revenue Senior Lien Refunding Bonds
(Series 2021B-1), 4.000%, 6/1/2046
234,862
1,430,000
 
San Diego, CA Public Facilities Authority (San Diego, CA Wastewater System), Subordinated Sewer Revenue Bonds
(Series 2022A), 5.000%, 5/15/2052
1,552,415
1,500,000
 
San Francisco, CA City & County Airport Commission, Second Series Revenue Bonds (Series 2019F), 5.000%, 5/1/2050
1,577,253
 
 
TOTAL
20,695,621
 
 
Colorado—3.7%
 
500,000
 
Colorado Educational & Cultural Facilities Authority (University Lab School), Charter School Refunding & Improvement
Revenue Bonds (Series 2015), 5.000%, 12/15/2035
510,545
800,000
 
Colorado Health Facilities Authority (CommonSpirit Health), Revenue Bonds (Series 2022), 5.500%, 11/1/2047
842,372
1,250,000
 
Colorado Health Facilities Authority (Sisters of Charity of Leavenworth Health System), Revenue Bonds (Series 2013A),
(Original Issue Yield: 5.120%), (United States Treasury PRF 1/1/2024@100), 5.000%, 1/1/2044
1,267,142
1
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
Colorado—continued
 
$1,805,000
 
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Senior Revenue Bonds (Series 2017),
5.000%, 12/31/2056
$1,687,903
2,480,000
 
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds (Series 2008), (Original Issue Yield: 6.630%),
(Bank of America Corp. GTD), 6.250%, 11/15/2028
2,665,773
403,000
 
Tallyn's Reach Metropolitan District No. 3, CO, LT GO Refunding & Improvement Bonds (Series 2013), (United States
Treasury PRF 12/1/2023@100), 5.000%, 12/1/2033
407,975
1,000,000
 
University of Colorado (The Regents of), University Enterprise Revenue Bonds (Series 2013A), (United States Treasury PRF
6/1/2023@100), 5.000%, 6/1/2037
1,004,561
 
 
TOTAL
8,386,271
 
 
Connecticut—0.8%
 
1,755,000
 
Connecticut State (Connecticut State Special Transportation Fund), Special Tax Obligation Bonds Transportation
Infrastructure Purpose (Series 2018B), 5.000%, 10/1/2037
1,895,171
 
 
District of Columbia—1.4%
 
500,000
 
District of Columbia (Friendship Public Charter School, Inc.), Revenue Bonds (Series 2016A), 5.000%, 6/1/2041
501,339
250,000
 
District of Columbia (KIPP DC), Revenue Bonds (Series 2013A), (United States Treasury PRF 7/1/2023@100),
6.000%, 7/1/2033
252,203
225,000
 
District of Columbia (KIPP DC), Revenue Bonds (Series 2013A), (United States Treasury PRF 7/1/2023@100),
6.000%, 7/1/2048
226,983
195,000
 
District of Columbia Tobacco Settlement Financing Corp., Asset Backed Revenue Bonds, (Original Issue Yield: 6.670%),
6.500%, 5/15/2033
199,449
2,000,000
 
District of Columbia, UT GO Bonds (Series 2019A), 5.000%, 10/15/2044
2,128,664
 
 
TOTAL
3,308,638
 
 
Florida—4.9%
 
1,000,000
 
Atlantic Beach, FL Health Care Facilities (Fleet Landing Project, FL), Revenue & Refunding Bonds (Series 2013A),
5.000%, 11/15/2028
997,474
2,000,000
 
Broward County, FL (Broward County, FL Convention Center Hotel), First Tier Revenue Bonds (Series 2022), (Broward
County, FL GTD), 5.000%, 1/1/2047
2,144,774
1,500,000
 
Broward County, FL School District, UT GO School Bonds (Series 2022), 5.000%, 7/1/2051
1,607,220
1,465,000
 
Central Florida Expressway Authority, Senior Lien Revenue Bonds (Series 2019B), 5.000%, 7/1/2044
1,533,566
800,000
1,2,3
Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds (Series 2013A), (Original Issue
Yield: 8.250%), 8.125%, 5/15/2044
464,000
1,000,000
 
Florida State, Department of Transportation Florida Right-of-Way Acquisition and Bridge Construction Bonds
(Series 2018B), 4.000%, 7/1/2039
987,697
500,000
 
Lee County, FL IDA (Cypress Cove at Healthpark), Healthcare Facilities Revenue Bonds TEMPS-80 (Series 2022B-1),
3.750%, 10/1/2027
472,914
1,500,000
 
Miami-Dade County, FL (Miami-Dade County, FL Transit System), Transit System Sales Surtax Revenue Bonds
(Series 2020A), 4.000%, 7/1/2050
1,380,894
500,000
 
Midtown Miami, FL Community Development District, Special Assessment & Revenue Refunding Bonds (Series 2014A),
5.000%, 5/1/2029
499,441
900,000
 
Rivers Edge II CDD, Capital Improvement Revenue Bonds (Series 2021), 4.000%, 5/1/2051
687,181
415,000
 
Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2015-2), (Original Issue Yield:
6.752%), (Step Coupon 11/1/2024@6.610%), 0.000%, 5/1/2040
371,169
450,000
2,3
Tolomato Community Development District, FL, Special Assessment Revenue Bonds (Series 2015-3), 6.610%, 5/1/2040
5
 
 
TOTAL
11,146,335
 
 
Georgia—4.9%
 
2,000,000
 
Atlanta, GA Airport General Revenue (Atlanta, GA Department of Aviation), General Revenue Bonds (Series 2022A),
5.000%, 7/1/2047
2,161,255
2,000,000
 
Atlanta, GA, UT GO Public Improvement Bonds (Series 2022A-1), 5.000%, 12/1/2041
2,237,566
510,000
 
Geo. L. Smith II Georgia World Congress Center Authority, Convention Center Hotel Second Tier Revenue Bonds
(Series 2021B), 5.000%, 1/1/2054
398,670
1,460,000
 
Georgia Ports Authority, Revenue Bonds (Series 2022), 4.000%, 7/1/2052
1,365,601
2,000,000
 
Georgia State, UT GO Bonds (Series 2022A), 4.000%, 7/1/2042
1,997,530
1,250,000
 
Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2022B) TOBs, (Citigroup, Inc. GTD), 5.000%,
Mandatory Tender 6/1/2029
1,298,520
1,000,000
 
Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project J Revenue Refunding Bonds (Series 2015A),
5.500%, 7/1/2060
1,012,357
2
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
Georgia—continued
 
$775,000
 
Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project P Revenue Refunding Bonds (Series 2023A),
5.500%, 7/1/2064
$785,580
 
 
TOTAL
11,257,079
 
 
Idaho—0.6%
 
1,750,000
 
Idaho Health Facilities Authority (Terraces of Boise), Exchange Revenue Refunding Bonds (Series 2021A),
4.000%, 10/1/2033
1,434,331
 
 
Illinois—11.6%
 
1,500,000
 
Chicago, IL Board of Education, UT GO Dedicated Revenue Bonds (Series 2017H), 5.000%, 12/1/2046
1,435,525
3,000,000
 
Chicago, IL Midway Airport, Second Lien Revenue Refunding Bonds (Series 2014B), 5.000%, 1/1/2035
3,030,967
2,000,000
 
Chicago, IL O'Hare International Airport, General Airport Senior Lien Revenue Refunding Bonds (Series 2018B),
5.000%, 1/1/2053
2,061,126
1,000,000
 
Chicago, IL Transit Authority, Second Lien Sales Tax Receipts Revenue Bonds (Series 2020A), 4.000%, 12/1/2055
861,460
2,000,000
 
Chicago, IL Transit Authority, Second Lien Sales Tax Receipts Revenue Bonds (Series 2022A), 5.000%, 12/1/2057
2,044,095
1,500,000
 
Chicago, IL, UT GO Bonds (Series 2023A), 5.500%, 1/1/2040
1,585,809
234,000
 
DuPage County, IL (Naperville Campus LLC), Special Tax Bonds (Series 2006), 5.625%, 3/1/2036
228,307
1,000,000
 
Illinois Finance Authority (Admiral at the Lake), Revenue Refunding Bonds (Series 2017), (Original Issue Yield: 5.500%),
5.250%, 5/15/2054
625,347
1,500,000
 
Illinois Finance Authority (Northshore-Edward-Elmhurst Health Credit Group), Revenue Bonds (Series 2022A),
4.000%, 8/15/2042
1,391,578
1,340,000
 
Illinois State, GO Bonds (Series 2017D), 5.000%, 11/1/2028
1,403,048
1,660,000
 
Illinois State, UT GO Bonds (Series 2017D), 5.000%, 11/1/2026
1,723,331
1,000,000
 
Illinois State, UT GO Bonds (Series 2018A), 5.000%, 5/1/2042
1,013,560
750,000
 
Illinois State, UT GO Bonds (Series 2020B), (Original Issue Yield: 5.850%), 5.750%, 5/1/2045
794,920
2,000,000
 
Illinois State, UT GO Bonds (Series 2022C), 5.125%, 10/1/2043
2,057,867
2,000,000
 
Illinois State, UT GO Bonds (Series 2022C), 5.500%, 10/1/2045
2,109,681
1,000,000
 
Illinois State, UT GO Bonds (Series June 2013), (Original Issue Yield: 5.650%), 5.500%, 7/1/2038
1,003,873
235,000
 
Illinois State, UT GO Refunding Bonds (Series 2018A), 5.000%, 10/1/2026
243,774
1,600,000
 
Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project Bonds (Series 2015A), (Original Issue
Yield: 5.060%), 5.000%, 6/15/2053
1,551,336
1,250,000
 
Sales Tax Securitization Corp., IL, Sales Tax Securitization Bonds (Series 2018A), 5.000%, 1/1/2048
1,283,492
 
 
TOTAL
26,449,096
 
 
Indiana—2.1%
 
930,000
 
Indiana Municipal Power Agency, Power Supply System Revenue Bonds (Series 2013A), (United States Treasury PRF 7/1/
2023@100), 5.250%, 1/1/2030
936,298
500,000
 
Indiana Municipal Power Agency, Power Supply System Revenue Bonds (Series 2013A), 5.250%, 1/1/2038
502,077
250,000
 
Indiana Municipal Power Agency, Revenue Refunding Bonds (Series 2017A), 5.000%, 1/1/2042
264,596
2,000,000
 
Indiana State Finance Authority (CWA Authority), First Lien Wastewater Utility Revenue Bonds (Series 2014A),
5.000%, 10/1/2032
2,050,544
1,000,000
 
Indiana State Finance Authority (CWA Authority), First Lien Wastewater Utility Revenue Bonds (Series 2022B),
5.250%, 10/1/2052
1,079,384
 
 
TOTAL
4,832,899
 
 
Iowa—0.4%
 
1,015,000
 
Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue Refunding Bonds (Series 2022) TOBs,
5.000%, Mandatory Tender 12/1/2042
1,016,475
 
 
Kansas—0.9%
 
2,000,000
 
Wyandotte County, KS Unified Government Utility System, Improvement & Refunding Revenue Bonds (Series 2014-A),
5.000%, 9/1/2044
2,018,888
 
 
Kentucky—0.4%
 
1,000,000
 
Kentucky Economic Development Finance Authority (Miralea), Revenue Bonds (Series 2016A), 5.000%, 5/15/2031
914,618
 
 
Louisiana—0.7%
 
1,000,000
 
Louisiana Public Facilities Authority (Tulane University, LA), University Revenue and Refunding Bonds (Series 2023A),
5.000%, 10/15/2048
1,062,956
3
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
Louisiana—continued
 
$550,000
 
St. James Parish, LA (NuStar Logistics LP), Revenue Bonds (Series 2011) TOBs, 5.850%, Mandatory Tender 6/1/2025
$564,711
 
 
TOTAL
1,627,667
 
 
Maryland—0.3%
 
320,000
 
Baltimore, MD (East Baltimore Research Park), Special Obligation Revenue Refunding Bonds (Series 2017A),
5.000%, 9/1/2038
320,623
400,000
 
Westminster, MD (Lutheran Village at Miller's Grant, Inc.), Revenue Bonds (Series 2014A), 6.000%, 7/1/2034
403,210
 
 
TOTAL
723,833
 
 
Michigan—5.1%
 
445,000
 
Detroit, MI, UT GO Bonds (Series 2020), 5.500%, 4/1/2045
449,973
1,750,000
 
Michigan State Finance Authority (Detroit, MI Public Lighting Authority), Local Government Loan Program Revenue Bonds
(Series 2014B), 5.000%, 7/1/2039
1,752,026
500,000
 
Michigan State Finance Authority (Great Lakes, MI Water Authority Sewage Disposal System), Local Government Loan
Program Revenue Bonds (Series 2015C-1), 5.000%, 7/1/2035
510,212
750,000
 
Michigan State Finance Authority (Great Lakes, MI Water Authority Sewage Disposal System), Senior Lien Revenue Bonds
(Series 2014 C-3), (Assured Guaranty Municipal Corp. INS), 5.000%, 7/1/2032
764,777
600,000
 
Michigan State Finance Authority (Great Lakes, MI Water Authority Water Supply System), Senior Lien Revenue Bonds
(Series 2014 D-1), (Assured Guaranty Municipal Corp. INS), 5.000%, 7/1/2037
607,991
2,500,000
 
Michigan State Finance Authority (McLaren Health Care Corp.), Revenue Bonds (Series 2019A), 4.000%, 2/15/2044
2,301,178
3,705,000
 
Royal Oak, MI Hospital Finance Authority (Beaumont Health Credit Group), Refunding Revenue Bonds (Series 2014D),
(United States Treasury PRF 3/1/2024@100), 5.000%, 9/1/2033
3,771,347
1,490,000
 
Wayne County, MI Airport Authority, Revenue Bonds (Series 2012A), 5.000%, 12/1/2037
1,491,236
 
 
TOTAL
11,648,740
 
 
Minnesota—0.4%
 
460,000
 
Minneapolis-St. Paul, MN Metropolitan Airports Commission (Minneapolis-St. Paul International Airport), Subordinate
Airport Revenue Bonds (Series 2022A), 5.000%, 1/1/2052
481,222
400,000
 
Western Minnesota Municipal Power Agency, MN, Power Supply Revenue Bonds (Series 2014A), (United States Treasury
PRF 1/1/2024@100), 5.000%, 1/1/2040
406,144
 
 
TOTAL
887,366
 
 
Missouri—0.4%
 
750,000
1
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue Bonds
(Series 2018B), 5.000%, 2/1/2040
584,534
550,000
1
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue Bonds
(Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050
393,859
 
 
TOTAL
978,393
 
 
Montana—0.1%
 
350,000
 
Kalispell, MT Housing and Healthcare Facilities (Immanuel Lutheran Corp.), Revenue Bonds (Series 2017A),
5.250%, 5/15/2047
284,579
 
 
New Hampshire—0.0%
 
417,393
1,2,3
New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue Bonds (Series 2017A),
6.125%, 7/1/2037
91,827
 
 
New Jersey—7.5%
 
750,000
 
New Jersey EDA (New Jersey State), North Portal Bridge Project (Series 2022), 5.250%, 11/1/2041
804,755
1,000,000
 
New Jersey EDA (New Jersey State), North Portal Bridge Project (Series 2022), 5.250%, 11/1/2047
1,057,595
2,500,000
 
New Jersey EDA (New Jersey State), School Facilities Construction Bonds (Series 2014UU), 5.000%, 6/15/2034
2,530,653
1,500,000
 
New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds (Series 2014PP), (United States
Treasury PRF 6/15/2024@100), 5.000%, 6/15/2031
1,532,986
500,000
 
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation Program Bonds (Series 2022AA),
5.000%, 6/15/2035
547,651
500,000
 
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation Program Bonds (Series 2022BB),
4.000%, 6/15/2046
455,042
1,000,000
 
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2018A),
5.000%, 12/15/2034
1,067,904
500,000
 
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2022CC),
5.500%, 6/15/2050
536,875
2,000,000
 
New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2019A), 5.000%, 1/1/2048
2,100,103
4
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
New Jersey—continued
 
$500,000
 
South Jersey Transportation Authority, Transportation System Revenue Bonds (Series 2020A), 4.000%, 11/1/2050
$425,047
2,520,000
 
Tobacco Settlement Financing Corp., NJ, 5.000%, 6/1/2035
2,663,375
3,355,000
 
Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Refunding Bonds (Series 2018A),
5.250%, 6/1/2046
3,466,450
 
 
TOTAL
17,188,436
 
 
New Mexico—0.3%
 
650,000
 
New Mexico State Hospital Equipment Loan Council (Presbyterian Healthcare Services), Hospital System Revenue Bonds
(Series 2017A), 5.000%, 8/1/2046
673,346
 
 
New York—7.9%
 
1,650,000
 
Build NYC Resource Corporation (KIPP NYC Canal West), Revenue Bonds (Series 2022), 5.250%, 7/1/2057
1,668,218
1,000,000
 
Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Revenue Bonds (Series 20114B),
5.250%, 11/15/2044
998,633
1,500,000
 
Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Transportation Revenue Green Bonds
(Series 2020C-1), 5.250%, 11/15/2055
1,534,807
1,200,000
 
New York City, NY Municipal Water Finance Authority, Water and Sewer System Second Generation Resolution Revenue
Bonds (Series 2022FF), 5.000%, 6/15/2041
1,301,162
2,000,000
 
New York City, NY, UT GO Bonds (Fiscal 2014 Subseries D-1), 5.000%, 8/1/2030
2,012,749
250,000
 
New York City, NY, UT GO Bonds (Series 2014G), 5.000%, 8/1/2030
253,770
1,000,000
1
New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series 2014 Class 1),
5.000%, 11/15/2044
959,017
1,650,000
 
New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Revenue Refunding Bonds
(Series 2017B), 4.000%, 2/15/2046
1,563,484
1,500,000
 
New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond Fund), Revenue Refunding Bonds
(Series 2022A), 4.000%, 3/15/2042
1,445,877
750,000
 
New York State Power Authority (New York State Power Authority Transmission Project), Green Transmission Project
Revenue Bonds (Series 2022A), (Assured Guaranty Municipal Corp. INS), 4.000%, 11/15/2047
698,150
1,480,000
 
New York State Thruway Authority (New York State Thruway Authority—General Revenue), General Revenue Junior
Indebtedness Obligations (Series 2016A), 5.000%, 1/1/2046
1,507,520
1,000,000
 
New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds
(Series 2020C), 4.000%, 12/1/2040
920,237
1,000,000
 
Triborough Bridge & Tunnel Authority, NY (MTA Payroll Mobility Tax), MTA Bridges and Tunnels Payroll Mobility Tax Senior
Lien Bonds (Series 2022D-2), 5.250%, 5/15/2047
1,099,018
1,000,000
 
Triborough Bridge & Tunnel Authority, NY, MTA Bridges and Tunnels General Revenue Bonds (Series 2022A),
5.000%, 11/15/2047
1,080,757
1,000,000
 
Utility Debt Securitization Authority, NY, Restructuring Bonds (Series 2022TE-2), 5.000%, 12/15/2049
1,104,862
 
 
TOTAL
18,148,261
 
 
North Carolina—0.5%
 
1,000,000
 
Charlotte, NC (Charlotte, NC Douglas International Airport), Airport Revenue Bonds (Series 2017A), 5.000%, 7/1/2047
1,037,035
 
 
Ohio—2.9%
 
1,500,000
 
American Municipal Power-Ohio, Inc. (American Municipal Power, Prairie State Energy Campus Project), Refunding
Revenue Bonds (Series 2015A), 5.000%, 2/15/2042
1,507,025
1,000,000
 
Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed Refunding Bonds
(Series 2020B-2 Class 2), 5.000%, 6/1/2055
908,062
1,000,000
 
Cuyahoga County, OH Hospital Authority (MetroHealth System), Hospital Revenue Bonds (Series 2017), (Original Issue
Yield: 5.030%), 5.000%, 2/15/2057
980,935
1,440,000
 
Muskingum County, OH (Genesis Healthcare Corp.), Hospital Facilities Revenue Bonds (Series 2013), 5.000%, 2/15/2027
1,440,088
1,000,000
 
University of Cincinnati, OH, General Receipts Bonds (Series 2013C), (United States Treasury PRF 12/1/2023@100),
5.000%, 6/1/2033
1,013,831
750,000
 
University of Cincinnati, OH, General Receipts Bonds (Series 2013C), (United States Treasury PRF 12/1/2023@100),
5.000%, 6/1/2039
760,373
 
 
TOTAL
6,610,314
 
 
Pennsylvania—7.1%
 
1,000,000
 
Commonwealth Financing Authority of PA (Commonwealth of Pennsylvania), Tobacco Master Settlement Payment Revenue
Bonds (Series 2018), 5.000%, 6/1/2034
1,066,704
2,000,000
 
Commonwealth of Pennsylvania, UT GO Bonds (First Series 2022), 5.000%, 10/1/2042
2,198,090
5
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
Pennsylvania—continued
 
$45,000
 
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015), (United
States Treasury PRF 1/1/2025@100), 5.000%, 1/1/2038
$46,445
185,000
 
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015), (United
States Treasury PRF 1/1/2025@100), 5.000%, 1/1/2038
190,939
220,000
 
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015),
5.000%, 1/1/2038
220,862
1,000,000
 
Delaware County, PA Authority (Villanova University), Revenue Bonds (Series 2015), 5.000%, 8/1/2040
1,025,836
1,000,000
 
Geisinger Authority, PA Health System (Geisinger Health System), Health System Revenue Bonds (Series 2020A),
4.000%, 4/1/2050
879,205
1,500,000
 
Lehigh County, PA General Purpose Authority (Lehigh Valley Academy Regional Charter School), Charter School Revenue
Bonds (Series 2022), 4.000%, 6/1/2057
1,193,552
1,500,000
 
Northampton County, PA General Purpose Authority (Lafayette College), College Refunding and Revenue Bonds
(Series 2017), 5.000%, 11/1/2047
1,559,448
1,865,000
 
Northampton County, PA General Purpose Authority (St. Luke's University Health Network), Hospital Revenue Bonds
(Series 2016A), 4.000%, 8/15/2040
1,693,442
1,000,000
 
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2015B), 5.000%, 12/1/2045
1,019,247
345,000
 
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2022B), 5.250%, 12/1/2052
374,168
1,080,000
 
Philadelphia, PA Airport System, Airport Revenue and Refunding Bonds (Series 2017A), 5.000%, 7/1/2047
1,109,201
1,050,000
 
Philadelphia, PA Water & Wastewater System, Water and Wastewater Revenue Bonds (Series 2020A), 5.000%, 11/1/2045
1,109,590
1,250,000
 
Pittsburgh, PA Water & Sewer Authority, Water and Sewer System First Lien Revenue Bonds (Series 2020B), (Assured
Guaranty Municipal Corp. GTD), 4.000%, 9/1/2050
1,193,641
1,200,000
 
Westmoreland County, PA Municipal Authority, Municipal Service Revenue Bonds (Series 2016), (Build America Mutual
Assurance INS), 5.000%, 8/15/2042
1,222,381
 
 
TOTAL
16,102,751
 
 
Puerto Rico—2.7%
 
6,630,000
 
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A), (Original Issue Yield: 5.154%),
5.000%, 7/1/2058
6,134,739
 
 
Rhode Island—1.3%
 
3,000,000
 
Tobacco Settlement Financing Corp., RI, Tobacco Settlement Asset-Backed Bonds (Series 2015B), 5.000%, 6/1/2050
2,917,561
 
 
South Carolina—1.2%
 
2,250,000
 
South Carolina Jobs-EDA (Prisma Health Obligated Group), Hospital Revenue Bonds (Series 2018A), 5.000%, 5/1/2048
2,291,102
500,000
 
South Carolina State Public Service Authority (Santee Cooper), Revenue Refunding and Improvement Bonds
(Series 2020A), 4.000%, 12/1/2042
455,064
 
 
TOTAL
2,746,166
 
 
South Dakota—0.7%
 
1,500,000
 
Educational Enhancement Funding Corp., SD, Tobacco Settlement Revenue Bonds (Series 2013B), (United States Treasury
PRF 6/1/2023@100), 5.000%, 6/1/2027
1,506,467
 
 
Tennessee—1.1%
 
600,000
2,3
Blount County, TN Health and Educational Facilities Board (Asbury, Inc.), Revenue Refunding and Improvement Bonds
(Series 2016A), 5.000%, 1/1/2047
360,000
1,000,000
 
Chattanooga, TN Health, Educational & Housing Facility Board (CommonSpirit Health), Revenue Bonds (Series 2019A),
5.000%, 8/1/2049
1,006,410
1,000,000
 
Metropolitan Nashville Tennessee Airport Authority, Airport Revenue Bonds (Series 2022A), 5.000%, 7/1/2052
1,066,425
 
 
TOTAL
2,432,835
 
 
Texas—10.2%
 
2,640,000
 
Arlington, TX Higher Education Finance Corp. (Uplift Education), Revenue Bonds (Series 2016A), 5.000%, 12/1/2036
2,686,294
500,000
 
Austin, TX (Austin, TX Water and Wastewater System), Water and Wastewater System Revenue Refunding Bonds
(Series 2022), 5.000%, 11/15/2052
540,521
270,000
 
Clifton Higher Education Finance Corporation, TX (Idea Public Schools), 6.000%, 8/15/2033
273,289
1,000,000
 
Clifton Higher Education Finance Corporation, TX (Idea Public Schools), Education Revenue Bonds (Series 2012),
5.000%, 8/15/2032
1,001,275
2,240,000
 
Dallas, TX Area Rapid Transit, Senior Lien Sales Tax Revenue Refunding Bonds (Series 2016B), 4.000%, 12/1/2036
2,255,064
987,000
 
Decatur, TX Hospital Authority (Wise Regional Health System), Hospital Revenue Bonds (Series 2021C), 4.000%, 9/1/2034
860,121
764,000
 
Decatur, TX Hospital Authority (Wise Regional Health System), Hospital Revenue Bonds (Series 2021C), 4.000%, 9/1/2044
609,314
6
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
Texas—continued
 
$835,000
 
Grand Parkway Transportation Corp., TX, Subordinate Tier Toll Revenue Bonds (Series 2013B TELA Supported), (United
States Treasury PRF 10/1/2023@100), 5.250%, 10/1/2051
$845,014
1,000,000
 
Harris County, TX Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes Holding, Inc.), First Mortgage
Revenue Bonds (Series 2016), 5.000%, 1/1/2048
828,010
1,500,000
 
Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission Contract Refunding Revenue Bonds
(Series 2021), 5.000%, 5/15/2051
1,558,623
685,000
 
North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2015B), 5.000%, 1/1/2045
696,238
1,930,000
 
North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2017A), 5.000%, 1/1/2048
2,002,985
415,000
 
Red River, TX HFDC (MRC The Crossings), Retirement Facility Revenue Bonds (Series 2014A), (Original Issue Yield:
7.550%), (United States Treasury PRF 11/15/2024@100), 7.500%, 11/15/2034
443,352
2,500,000
 
San Antonio, TX Independent School District, UT GO School Building Bonds (Series 2022), (Texas Permanent School Fund
Guarantee Program GTD), 5.000%, 8/15/2047
2,705,887
750,000
 
Spring Branch, TX Independent School District, UT GO Schoolhouse Bonds (Series 2022), (Texas Permanent School Fund
Guarantee Program GTD), 5.000%, 2/1/2042
821,115
2,000,000
 
Spring, TX Independent School District, Unlimited Tax School Building Bonds (Series 2019), (Texas Permanent School Fund
Guarantee Program GTD), 4.000%, 8/15/2043
1,920,912
1,500,000
 
Texas A & M University System Board of Regents—Permanent University Fund, Revenue Bonds (Series 2023),
5.000%, 7/1/2040
1,661,639
1,550,000
 
Texas State Transportation Commission (State Highway 249 System), First Tier Toll Revenue Bonds (Series 2019A),
5.000%, 8/1/2057
1,522,735
 
 
TOTAL
23,232,388
 
 
Utah—0.9%
 
1,970,000
 
Intermountain Power Agency, Power Supply Revenue Bonds (Series 2022A), 5.000%, 7/1/2041
2,156,909
 
 
Virgin Islands—0.2%
 
490,000
 
Matching Fund Special Purpose Securitization Corporation, VI, Matching Fund Securitization Bonds (Series 2022A),
5.000%, 10/1/2039
480,934
 
 
Virginia—0.4%
 
1,000,000
 
Virginia Small Business Financing Authority (Bon Secours Mercy Health), Hospital Facilities Revenue Bonds (Series 2020A),
4.000%, 12/1/2049
909,357
 
 
Washington—1.4%
 
375,000
1
Washington State Housing Finance Commission (Heron's Key Senior Living), Nonprofit Housing Revenue Bonds
(Series 2015A), 6.000%, 7/1/2025
385,411
500,000
1
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest), Revenue Bonds
(Series 2016), 5.000%, 1/1/2031
447,966
1,000,000
1
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest), Revenue Bonds
(Series 2016), 5.000%, 1/1/2051
750,430
1,000,000
1
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue &
Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2041
782,594
1,000,000
1
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue Bonds
(Series 2020A), 5.000%, 1/1/2051
721,231
 
 
TOTAL
3,087,632
 
 
Wisconsin—0.4%
 
1,000,000
1
Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%, 12/1/2042
953,666
 
 
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $231,441,246)
224,405,681
 
 
SHORT-TERM MUNICIPALS—1.8%4
 
 
 
Alabama—0.4%
 
800,000
 
Columbia, AL IDB PCRB (Alabama Power Co.), (Series 2014-A) Daily VRDNs, 2.750%, 3/1/2023
800,000
 
 
Florida—1.2%
 
2,700,000
 
Escambia County, FL Solid Waste Disposal (Gulf Power Co.) Daily VRDNs, 2.580%, 3/1/2023
2,700,000
 
 
Michigan—0.1%
 
250,000
 
Michigan Strategic Fund (Air Products & Chemicals, Inc.), (Series 2007) Daily VRDNs, 2.580%, 3/1/2023
250,000
 
 
Pennsylvania—0.0%
 
50,000
 
Delaware County, PA IDA (United Parcel Service, Inc.), (Series 2015) Daily VRDNs, (United Parcel Service, Inc. GTD),
2.800%, 3/1/2023
50,000
7
Principal
Amount
 
 
Value
 
 
SHORT-TERM MUNICIPALS—continued4
 
 
 
Texas—0.1%
 
$200,000
 
Harris County, TX HFDC (Methodist Hospital, Harris County, TX), (Subseries 2008A-2) Daily VRDNs, 2.500%, 3/1/2023
$200,000
 
 
TOTAL SHORT-TERM MUNICIPALS
(IDENTIFIED COST $4,000,000)
4,000,000
 
 
TOTAL INVESTMENT IN SECURITIES—100%
(IDENTIFIED COST $235,441,246)
228,405,681
 
 
OTHER ASSETS AND LIABILITIES—NET5
153,912
 
 
LIQUIDATION VALUE OF VARIABLE RATE MUNICIPAL TERM PREFERRED SHARES
(88,600,000)
 
 
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS
$139,959,593
At February 28, 2023, the Fund holds no securities that are subject to the federal alternative minimum tax (AMT).
1
Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At February 28, 2023, these restricted securities amounted to $11,599,656, which represented 8.3% of total net assets.
Additional information on restricted securities held at February 28, 2023, is as follows: 
Security
Acquisition
Date
Acquisition
Cost
Market
Value
California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living Revenue Refunding Bonds
(Series 2021A), 5.000%, 11/15/2056
05/27/2021
$171,998
$135,342
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.000%, 7/1/2034
06/13/2014
$600,958
$607,960
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2014A), 5.125%, 7/1/2044
07/10/2014
$250,398
$251,208
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.000%, 7/1/2035
08/27/2015
$1,016,501
$1,018,877
California Statewide Communities Development Authority (899 Charleston LLC), Revenue Refunding Bonds
(Series 2014A), 5.000%, 11/1/2034
11/13/2014
$1,000,785
$879,323
California Statewide Communities Development Authority (899 Charleston LLC), Revenue Refunding Bonds
(Series 2014A), 5.250%, 11/1/2044
11/13/2014
$375,293
$310,300
Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds (Series 2013A), (Original
Issue Yield: 8.250%), 8.125%, 5/15/2044
08/11/2017
$819,023
$464,000
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue
Bonds (Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050
05/15/2018
$559,568
$393,859
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue
Bonds (Series 2018B), 5.000%, 2/1/2040
01/10/2018
$751,654
$584,534
Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2036
10/06/2016
$589,295
$583,269
New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue Bonds (Series 2017A),
6.125%, 7/1/2037
06/18/2017
$345,850
$91,827
New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series 2014 Class 1),
5.000%, 11/15/2044
10/29/2014
$1,000,000
$959,017
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series 2022A),
6.750%, 11/15/2042
10/06/2022
$628,550
$637,385
Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%, 12/1/2042
02/02/2023
$1,000,000
$953,666
Verrado Community Facilities District No. 1, AZ, District GO Refunding Bonds (Series 2013A), 6.000%, 7/15/2027
07/03/2013
$641,291
$641,457
Washington State Housing Finance Commission (Heron's Key Senior Living), Nonprofit Housing Revenue Bonds
(Series 2015A), 6.000%, 7/1/2025
07/22/2015
$375,800
$385,411
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest), Revenue
Bonds (Series 2016), 5.000%, 1/1/2031
12/14/2016
$501,725
$447,966
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest), Revenue
Bonds (Series 2016), 5.000%, 1/1/2051
02/13/2019
$1,025,291
$750,430
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue
& Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2041
01/14/2021
$1,046,772
$782,594
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue
Bonds (Series 2020A), 5.000%, 1/1/2051
06/09/2021
$1,092,520
$721,231
2
Security in default.
3
Non-income-producing security.
8
4
Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.
5
Assets, other than investments in securities, less liabilities.
Note: The categories of investments are shown as a percentage of total market value at February 28, 2023.
Investment Valuation
In calculating its net asset value (NAV), the Fund generally values investments as follows:
◾ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the “Adviser”).
◾ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.
◾ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.
◾ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.
◾ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer’s financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.
If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser’s valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser’s valuation committee (“Valuation Committee”), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.
Fair Valuation Procedures
Pursuant to Rule 2a-5 under the Investment Company Act, the Fund’s Board of Trustees (the “Trustees”) has designated the Adviser as the Fund’s valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser’s fair value determinations.
The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services’ policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser’s fair valuation and significant events procedures as part of the Fund’s compliance program and will review any changes made to the procedures.
Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities and mortgage-backed securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.
Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
9
As of February 28, 2023, all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.
The following acronym(s) are used throughout this portfolio: 
CDD
—Community Development District
EDA
—Economic Development Authority
GO
—General Obligation
GTD
—Guaranteed
HFDC
—Health Facility Development Corporation
IDA
—Industrial Development Authority
IDB
—Industrial Development Bond
INS
—Insured
LT
—Limited Tax
PCRB
—Pollution Control Revenue Bonds
PRF
—Pre-refunded
TELA
—Toll Equity Loan Agreement
TEMPS
—Tax Exempt Mandatory Paydown Securities
TOBs
—Tender Option Bonds
UT
—Unlimited Tax
VRDNs
—Variable Rate Demand Notes
10