AB Municipal Income Shares
Portfolio of Investments
January 31, 2023 (unaudited)
| Principal Amount (000) |
U.S. $ Value | |||||||
| MUNICIPAL OBLIGATIONS – 97.0% |
| |||||||
| Long-Term Municipal Bonds – 97.0% |
| |||||||
| Alabama – 2.3% |
| |||||||
| Black Belt Energy Gas District |
$ | 10,000 | $ | 10,180,037 | ||||
| Black Belt Energy Gas District (Goldman Sachs Group, Inc. (The)) |
22,000 | 22,036,872 | ||||||
| Series 2022-F |
15,500 | 16,647,603 | ||||||
| County of Jefferson AL Sewer Revenue |
11,645 | 12,439,641 | ||||||
| Infirmary Health System Special Care Facilities Financing Authority of Mobile (Infirmary Health System Obligated Group) |
5,000 | 5,176,554 | ||||||
| 5.00%, 02/01/2041 |
5,000 | 5,109,075 | ||||||
| Series 2021 |
3,370 | 3,299,025 | ||||||
| 4.00%, 02/01/2046 |
9,640 | 8,948,259 | ||||||
| Jefferson County Board of Education/AL |
5,000 | 5,389,083 | ||||||
| 5.00%, 02/01/2046(a) |
23,280 | 24,672,854 | ||||||
| Southeast Alabama Gas Supply District (The) (Goldman Sachs Group, Inc. (The)) |
13,350 | 13,385,120 | ||||||
| Southeast Energy Authority A Cooperative District (Morgan Stanley) |
15,000 | 14,951,479 | ||||||
| Series 2022-A |
10,000 | 10,330,179 | ||||||
| 5.50%, 01/01/2053 |
7,620 | 8,295,351 | ||||||
| Sumter County Industrial Development Authority/AL (Enviva, Inc.) |
47,065 | 43,147,540 | ||||||
|
|
|
|||||||
| 204,008,672 | ||||||||
|
|
|
|||||||
| Alaska – 0.1% |
| |||||||
| State of Alaska International Airports System |
6,500 | 6,904,827 | ||||||
| 5.00%, 10/01/2034 |
2,500 | 2,645,113 | ||||||
|
|
|
|||||||
| 9,549,940 | ||||||||
|
|
|
|||||||
1
| Principal Amount (000) |
U.S. $ Value | |||||||
| American Samoa – 0.1% |
| |||||||
| American Samoa Economic Development Authority (Territory of American Samoa) |
$ | 3,235 | $ | 3,409,706 | ||||
| Series 2018 |
8,315 | 9,282,904 | ||||||
|
|
|
|||||||
| 12,692,610 | ||||||||
|
|
|
|||||||
| Arizona – 1.7% |
| |||||||
| Arizona Industrial Development Authority (Benjamin Franklin Charter School Obligated Group) |
520 | 520,975 | ||||||
| 5.25%, 07/01/2053(c) |
1,000 | 979,129 | ||||||
| 5.50%, 07/01/2058(c) |
1,000 | 993,769 | ||||||
| Arizona Industrial Development Authority (Equitable School Revolving Fund LLC Obligated Group) |
1,000 | 900,874 | ||||||
| Series 2021 |
11,325 | 9,678,284 | ||||||
| Arizona Industrial Development Authority (KIPP Nashville Obligated Group) |
750 | 767,409 | ||||||
| Arizona Industrial Development Authority (Kipp New York, Inc. Jerome Facility) |
1,000 | 850,024 | ||||||
| Arizona Industrial Development Authority (Legacy Cares, Inc.) |
1,500 | 975,000 | ||||||
| 7.75%, 07/01/2050(c) (d) (e) |
33,950 | 22,067,500 | ||||||
| Series 2021-A |
1,425 | 926,250 | ||||||
| Arizona Industrial Development Authority (North Carolina Central University Project) |
785 | 845,612 | ||||||
| 5.00%, 06/01/2054 |
3,000 | 3,218,286 | ||||||
| Arizona Industrial Development Authority (Pinecrest Academy of Nevada) |
1,795 | 1,732,053 | ||||||
| 4.00%, 07/15/2040(c) |
925 | 805,400 | ||||||
| Arizona Industrial Development Authority (Provident Group - EMU Properties LLC) |
1,100 | 743,545 | ||||||
| City of Glendale AZ (City of Glendale AZ COP) |
5,000 | 4,038,708 | ||||||
| 2.542%, 07/01/2033(a) |
5,000 | 3,984,156 | ||||||
2
| Principal Amount (000) |
U.S. $ Value | |||||||
| 2.642%, 07/01/2034(a) |
$ | 6,795 | $ | 5,352,608 | ||||
| 2.742%, 07/01/2035(a) |
10,000 | 7,790,382 | ||||||
| 2.842%, 07/01/2036(a) |
13,000 | 10,062,471 | ||||||
| City of Tempe AZ |
10,500 | 8,279,962 | ||||||
| 2.421%, 07/01/2035(a) |
10,325 | 8,050,266 | ||||||
| Glendale Industrial Development Authority (Beatitudes Campus Obligated Group (The)) |
1,000 | 928,280 | ||||||
| Glendale Industrial Development Authority (Royal Oaks Life Care Community) |
2,700 | 2,603,589 | ||||||
| Industrial Development Authority of the City of Phoenix (The) (GreatHearts Arizona Obligated Group) |
3,875 | 3,904,787 | ||||||
| Industrial Development Authority of the County of Pima (The) (La Posada at Park Centre, Inc. Obligated Group) |
9,500 | 9,580,595 | ||||||
| 6.875%, 11/15/2052(c) |
6,500 | 6,749,861 | ||||||
| 7.00%, 11/15/2057(c) |
2,915 | 3,025,338 | ||||||
| Industrial Development Authority of the County of Pima (The) (Edkey, Inc. Obligated Group) |
6,890 | 6,356,364 | ||||||
| 5.00%, 07/01/2055(c) |
3,700 | 3,337,738 | ||||||
| Maricopa County Industrial Development Authority (Benjamin Franklin Charter School Ltd.) |
19,500 | 20,254,800 | ||||||
| Maricopa County Industrial Development Authority (Commercial Metals Co.) |
1,500 | 1,267,761 | ||||||
| Salt Verde Financial Corp. (Citigroup, Inc.) |
1,510 | 1,647,160 | ||||||
| Tempe Industrial Development Authority (Friendship Village of Tempe) |
1,185 | 1,021,966 | ||||||
| Tempe Industrial Development Authority (Mirabella at ASU, Inc.) |
1,065 | 958,441 | ||||||
|
|
|
|||||||
| 155,199,343 | ||||||||
|
|
|
|||||||
3
| Principal Amount (000) |
U.S. $ Value | |||||||
| Arkansas – 0.2% |
| |||||||
| Arkansas Development Finance Authority (Baptist Memorial Health Care Obligated Group) |
$ | 16,250 | $ | 16,505,197 | ||||
| Arkansas Development Finance Authority (United States Steel Corp.) |
5,000 | 4,985,174 | ||||||
|
|
|
|||||||
| 21,490,371 | ||||||||
|
|
|
|||||||
| California – 9.5% |
| |||||||
| Alameda Corridor Transportation Authority |
17,000 | 8,587,181 | ||||||
| 0.00%, 10/01/2049 |
10,435 | 5,205,745 | ||||||
| 0.00%, 10/01/2050 |
7,345 | 3,655,940 | ||||||
| ARC70 II TRUST |
7,860 | 6,792,165 | ||||||
| California Community Choice Financing Authority (Goldman Sachs Group Inc/The) |
1,000 | 1,014,837 | ||||||
| California Community Choice Financing Authority (Morgan Stanley) |
10,150 | 10,865,852 | ||||||
| Series 2023-2 |
5,600 | 5,656,186 | ||||||
| California Community College Financing Authority (NCCD-Orange Coast Properties LLC) |
2,000 | 2,089,222 | ||||||
| California Community Housing Agency (California Community Housing Agency Aster Apartments) |
23,800 | 20,912,229 | ||||||
| California Community Housing Agency (California Community Housing Agency Brio Apartments & Next on Lex Apartments) |
35,100 | 30,788,035 | ||||||
| California Community Housing Agency (California Community Housing Agency Fountains at Emerald Park) |
16,000 | 11,391,371 | ||||||
| 4.00%, 08/01/2046(c) |
7,675 | 6,489,317 | ||||||
| California Community Housing Agency (California Community Housing Agency Summit at Sausalito Apartments) |
12,380 | 8,775,973 | ||||||
4
| Principal Amount (000) |
U.S. $ Value | |||||||
| California Community Housing Agency (California Community Housing Agency Twin Creek Apartments) |
$ | 119,980 | $ | 7,722,969 | ||||
| 5.50%, 02/01/2040(c) |
4,875 | 4,627,417 | ||||||
| Series 2022-A |
21,280 | 18,783,247 | ||||||
| California Educational Facilities Authority (Chapman University) Series 2015 |
4,005 | 4,198,446 | ||||||
| 5.00%, 04/01/2034 |
4,205 | 4,397,123 | ||||||
| California Educational Facilities Authority (Loma Linda University) Series 2017-A |
|
1,000 |
|
|
1,083,919 |
| ||
| 5.00%, 04/01/2042 |
1,000 | 1,047,561 | ||||||
| California Enterprise Development Authority (Rocketship Education Obligated Group) |
5,000 | 4,119,008 | ||||||
| California Health Facilities Financing Authority (Children’s Hospital Los Angeles) |
1,700 | 1,785,155 | ||||||
| California Health Facilities Financing Authority (CommonSpirit Health) |
12,500 | 12,065,652 | ||||||
| California Infrastructure & Economic Development Bank (DesertXpress Enterprises LLC) |
19,775 | 19,796,917 | ||||||
| California Infrastructure & Economic Development Bank (Equitable School Revolving Fund LLC Obligated Group) |
850 | 798,022 | ||||||
| 4.00%, 11/01/2050 |
860 | 787,302 | ||||||
| California Municipal Finance Authority (Azusa Pacific University) |
2,260 | 2,220,155 | ||||||
| California Municipal Finance Authority (CHF-Riverside II LLC) |
2,030 | 2,098,249 | ||||||
| 5.00%, 05/15/2040 |
1,000 | 1,028,894 | ||||||
| California Municipal Finance Authority (Community Health Centers of The Central Coast, Inc.) |
1,490 | 1,496,766 | ||||||
5
| Principal Amount (000) |
U.S. $ Value | |||||||
| California Municipal Finance Authority (Goodwill Industries of Sacramento Valley & Northern Nevada, Inc.) |
$ | 865 | $ | 864,957 | ||||
| Series 2014 |
1,085 | 942,533 | ||||||
| California Municipal Finance Authority (LAX Integrated Express Solutions LLC) |
7,040 | 6,239,508 | ||||||
| 5.00%, 12/31/2043 |
22,210 | 22,679,990 | ||||||
| 5.00%, 12/31/2047 |
2,405 | 2,436,046 | ||||||
| AGM Series 2018 |
3,000 | 2,847,305 | ||||||
| California Municipal Finance Authority (Partnerships to Uplift Communities Lakeview Terrace and Los Angeles Project) |
1,025 | 971,222 | ||||||
| California Municipal Finance Authority (Samuel Merritt University) |
5,000 | 5,512,451 | ||||||
| California Pollution Control Financing Authority (Poseidon Resources Channelside LP) |
4,675 | 4,683,556 | ||||||
| Series 2019 |
2,000 | 2,027,493 | ||||||
| California Pollution Control Financing Authority (Rialto Bioenergy Facility LLC) |
785 | 525,611 | ||||||
| California Public Finance Authority (Enso Village) |
2,500 | 2,367,680 | ||||||
| 2.375%, 11/15/2028(c) |
3,000 | 2,824,527 | ||||||
| California School Finance Authority (Classical Academy Obligated Group) |
1,000 | 1,020,594 | ||||||
| 5.00%, 10/01/2061(c) |
1,500 | 1,519,486 | ||||||
| California School Finance Authority (Downtown College Prep Obligated Group) |
3,630 | 3,412,617 | ||||||
| California School Finance Authority (Equitas Academy Obligated Group) |
8,850 | 8,370,009 | ||||||
| California School Finance Authority (Lighthouse Community Public Schools Obligated Group) |
1,225 | 1,268,965 | ||||||
6
| Principal Amount (000) |
U.S. $ Value | |||||||
| California School Finance Authority (Partnerships to Uplift Communities Valley Project) |
$ | 3,000 | $ | 3,101,893 | ||||
| California State University |
5,000 | 3,623,012 | ||||||
| 2.975%, 11/01/2051(a) |
5,000 | 3,746,720 | ||||||
| Series 2021-B |
10,000 | 7,776,212 | ||||||
| California Statewide Communities Development Authority (CHF-Irvine LLC) |
13,000 | 10,315,418 | ||||||
| California Statewide Communities Development Authority (Enloe Medical Center Obligated Group) |
3,000 | 3,245,087 | ||||||
| 5.375%, 08/15/2057 |
3,720 | 4,030,283 | ||||||
| California Statewide Communities Development Authority (Loma Linda University Medical Center) |
15,285 | 15,331,581 | ||||||
| 5.25%, 12/01/2056(c) |
31,105 | 31,159,711 | ||||||
| Series 2018 |
2,420 | 2,496,182 | ||||||
| 5.25%, 12/01/2048(c) |
6,440 | 6,584,176 | ||||||
| Series 2018-A |
1,350 | 1,402,027 | ||||||
| 5.50%, 12/01/2058(c) |
19,145 | 19,399,623 | ||||||
| California Statewide Communities Development Authority (Moldaw Residences) |
1,200 | 1,032,755 | ||||||
| 5.375%, 11/01/2049(c) |
1,000 | 858,091 | ||||||
| California Statewide Communities Development Authority (NCCD-Hooper Street LLC) |
1,125 | 1,026,280 | ||||||
| City of Los Angeles Department of Airports |
15,415 | 16,245,662 | ||||||
| Series 2020-C |
10,000 | 10,977,361 | ||||||
| City of Roseville CA (HP Campus Oaks Community Facilities District No. 1) |
850 | 882,959 | ||||||
7
| Principal Amount (000) |
U.S. $ Value | |||||||
| City of Vernon CA Electric System Revenue |
$ | 425 | $ | 460,820 | ||||
| 5.00%, 08/01/2040 |
375 | 405,411 | ||||||
| 5.00%, 08/01/2041 |
420 | 452,658 | ||||||
| CMFA Special Finance Agency (CMFA Special Finance Agency Enclave) |
15,000 | 12,264,061 | ||||||
| CMFA Special Finance Agency (CMFA Special Finance Agency Latitude33) |
10,340 | 7,335,492 | ||||||
| CMFA Special Finance Agency (CMFA Special Finance Agency Solana at Grand) |
8,650 | 7,593,858 | ||||||
| CMFA Special Finance Agency VIII Elan Huntington Beach |
5,450 | 3,781,744 | ||||||
| 4.00%, 08/01/2047(c) |
4,000 | 3,281,749 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority 1818 Platinum Triangle-Anaheim) |
3,890 | 2,840,747 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority 777 Place-Pomona) |
11,250 | 8,287,751 | ||||||
| 4.00%, 05/01/2057(c) |
15,550 | 11,440,483 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Acacia on Santa Rosa Creek) |
10,130 | 8,890,110 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Altana Apartments) |
15,200 | 11,874,888 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Crescent) |
11,500 | 10,208,714 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Jefferson Platinum Triangle Apartments) |
7,025 | 5,186,446 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Millennium South Bay-Hawthorne) |
17,380 | 12,464,566 | ||||||
| 4.00%, 07/01/2058(c) |
6,000 | 4,314,014 | ||||||
8
| Principal Amount (000) |
U.S. $ Value | |||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Oceanaire Apartments) |
$ | 5,000 | $ | 4,127,095 | ||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Park Crossing Apartments) |
12,700 | 9,127,456 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Pasadena Portfolio) |
18,070 | 12,819,375 | ||||||
| 4.00%, 12/01/2056(c) |
2,400 | 1,814,124 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Theo Apartments) |
5,400 | 3,991,974 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Union South Bay) |
27,100 | 21,257,389 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Vineyard Gardens Apartments) |
5,000 | 3,589,370 | ||||||
| 4.00%, 10/01/2048(c) |
2,000 | 1,500,631 | ||||||
| CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Waterscape Apartments) |
7,905 | 5,432,908 | ||||||
| Golden State Tobacco Securitization Corp. |
14,780 | 12,483,257 | ||||||
| 3.293%, 06/01/2042(a) |
6,850 | 5,416,853 | ||||||
| Series 2021 |
29,325 | 24,105,408 | ||||||
| Series 2021 |
22,000 | 19,927,332 | ||||||
| Hastings Campus Housing Finance Authority |
7,380 | 6,419,230 | ||||||
| 5.00%, 07/01/2061(c) |
40,600 | 33,341,430 | ||||||
| M-S-R Energy Authority (Citigroup, Inc.) |
17,685 | 22,201,374 | ||||||
9
| Principal Amount (000) |
U.S. $ Value | |||||||
| Oakland Unified School District/Alameda County |
$ | 1,275 | $ | 1,359,950 | ||||
| Palomar Health (Palomar Health Obligated Group) |
3,740 | 3,812,849 | ||||||
| Series 2017 |
3,125 | 3,193,028 | ||||||
| River Islands Public Financing Authority |
1,600 | 1,605,618 | ||||||
| Riverside County Transportation Commission |
1,375 | 1,377,181 | ||||||
| 4.00%, 06/01/2041 |
2,500 | 2,487,829 | ||||||
| Sacramento County Water Financing Authority (Sacramento County Water Agency) |
33,680 | 30,381,674 | ||||||
| San Diego County Regional Airport Authority |
5,000 | 4,802,442 | ||||||
| 4.00%, 07/01/2051 |
10,000 | 9,520,846 | ||||||
| San Diego Unified School District/CA |
5,000 | 5,051,405 | ||||||
| San Francisco City & County Airport Comm |
3,500 | 2,999,938 | ||||||
| 3.183%, 05/01/2035(a) |
5,500 | 4,715,654 | ||||||
| 3.333%, 05/01/2037(a) |
2,250 | 1,908,861 | ||||||
| Series 2020-E |
11,000 | 11,918,343 | ||||||
| San Francisco City & County Redevelopment Agency Successor Agency (Mission Bay South Public Imp) |
1,000 | 1,009,821 | ||||||
| San Francisco Intl Airport |
14,000 | 14,702,922 | ||||||
| Series 2020-E |
8,525 | 9,263,517 | ||||||
| San Joaquin Hills Transportation Corridor Agency |
1,000 | 1,019,086 | ||||||
| Series 2021-A |
1,429 | 1,410,945 | ||||||
| Southern California Logistics Airport Authority |
100 | 101,101 | ||||||
| 5.00%, 12/01/2043 |
1,585 | 1,602,459 | ||||||
| Tobacco Securitization Authority of Northern California (Sacramento County Tobacco Securitization Corp.) |
5,050 | 895,411 | ||||||
10
| Principal Amount (000) |
U.S. $ Value | |||||||
| Tobacco Securitization Authority of Southern California |
$ | 10,480 | $ | 1,934,221 | ||||
| 5.00%, 06/01/2039 |
1,555 | 1,673,365 | ||||||
|
|
|
|||||||
| 841,417,622 | ||||||||
|
|
|
|||||||
| Colorado – 3.0% |
| |||||||
| Aurora Highlands Community Authority Board |
15,000 | 13,800,786 | ||||||
| Centerra Metropolitan District No 1 |
5,000 | 4,807,175 | ||||||
| Series 2022 |
4,350 | 4,421,430 | ||||||
| City & County of Denver CO (United Airlines, Inc.) |
645 | 646,832 | ||||||
| City & County of Denver CO Airport System Revenue (Denver Intl Airport) |
7,180 | 7,893,408 | ||||||
| City & County of Denver CO. Airport System Revenue |
14,750 | 14,633,904 | ||||||
| Colorado Educational & Cultural Facilities Authority (James Irwin Educational Foundation Obligated Group) |
850 | 877,325 | ||||||
| 5.00%, 09/01/2057 |
2,100 | 2,143,303 | ||||||
| 5.00%, 09/01/2062 |
2,000 | 2,025,855 | ||||||
| Colorado Educational & Cultural Facilities Authority (Vega Collegiate Academy) |
1,700 | 1,521,439 | ||||||
| 5.00%, 02/01/2061(c) |
1,435 | 1,263,566 | ||||||
| Colorado Health Facilities Authority |
4,650 | 4,980,565 | ||||||
| 5.00%, 11/01/2041(a) |
5,075 | 5,406,097 | ||||||
| 5.00%, 11/01/2042(a) |
3,800 | 4,036,442 | ||||||
| 5.25%, 11/01/2052(a) |
10,000 | 10,568,697 | ||||||
| Colorado Health Facilities Authority (Aberdeen Ridge, Inc. Obligated Group) |
1,300 | 1,059,902 | ||||||
| 5.00%, 05/15/2058 |
3,000 | 2,329,347 | ||||||
| Series 2021-B |
1,500 | 1,383,380 | ||||||
11
| Principal Amount (000) |
U.S. $ Value | |||||||
| Colorado Health Facilities Authority (CommonSpirit Health) |
$ | 1,695 | $ | 1,692,259 | ||||
| 4.00%, 08/01/2038 |
6,600 | 6,565,015 | ||||||
| 5.00%, 08/01/2044(a) |
83,195 | 85,004,864 | ||||||
| Series 2022 |
2,500 | 2,710,539 | ||||||
| Colorado Health Facilities Authority (Frasier Meadows Manor, Inc. Obligated Group) |
2,100 | 1,577,111 | ||||||
| Colorado Health Facilities Authority (Parkview Medical Center, Inc. Obligated Group) |
1,150 | 1,199,923 | ||||||
| Colorado Health Facilities Authority (Sanford Obligated Group) |
7,050 | 7,331,621 | ||||||
| Copper Ridge Metropolitan District |
2,345 | 2,199,309 | ||||||
| 5.00%, 12/01/2043 |
1,315 | 1,193,069 | ||||||
| Douglas County Housing Partnership (Bridgewater Castle Rock ALF LLC) |
19,590 | 14,966,981 | ||||||
| Four Corners Business Improvement District |
1,500 | 1,400,630 | ||||||
| Johnstown Plaza Metropolitan District |
9,760 | 8,030,819 | ||||||
| Longs Peak Metropolitan District |
5,000 | 4,318,707 | ||||||
| Meridian Ranch Metropolitan District (Meridian Ranch Metropolitan District 2018 Subdistrict) |
1,435 | 1,437,483 | ||||||
| 6.50%, 12/01/2042 |
1,105 | 1,108,475 | ||||||
| 6.75%, 12/01/2052 |
1,925 | 1,928,232 | ||||||
| Plaza Metropolitan District No. 1 |
1,500 | 1,477,287 | ||||||
| Pueblo Urban Renewal Authority |
8,010 | 6,729,710 | ||||||
| Regional Transportation District (Denver Transit Partners LLC) |
1,000 | 1,020,048 | ||||||
| 4.00%, 07/15/2035 |
1,180 | 1,190,448 | ||||||
| 5.00%, 01/15/2032 |
2,300 | 2,552,020 | ||||||
| Riverwalk Metropolitan District No. 2 |
4,000 | 3,674,292 | ||||||
| 5.00%, 12/01/2052 |
1,500 | 1,317,598 | ||||||
12
| Principal Amount (000) |
U.S. $ Value | |||||||
| Sagebrush Farm Metropolitan District No 1 |
$ | 3,500 | $ | 3,508,775 | ||||
| Spring Hill Metropolitan District No 3 |
4,000 | 4,087,172 | ||||||
| STC Metropolitan District No. 2 |
940 | 912,566 | ||||||
| 5.00%, 12/01/2049 |
1,000 | 938,204 | ||||||
| Sterling Ranch Community Authority Board (Sterling Ranch Colorado Metropolitan District No. 2) |
2,250 | 1,799,912 | ||||||
| Sterling Ranch Community Authority Board (Sterling Ranch Metropolitan District No 3) |
2,215 | 2,269,273 | ||||||
| 6.75%, 12/01/2053 |
11,000 | 11,232,937 | ||||||
| Vauxmont Metropolitan District |
661 | 563,849 | ||||||
| AGM Series 2020 |
370 | 418,440 | ||||||
| 5.00%, 12/01/2050 |
435 | 454,452 | ||||||
|
|
|
|||||||
| 270,611,473 | ||||||||
|
|
|
|||||||
| Connecticut – 1.4% |
| |||||||
| City of New Haven CT |
1,650 | 1,783,942 | ||||||
| Connecticut State Health & Educational Facilities Authority (Hartford HealthCare Obligated Group) |
1,000 | 1,013,805 | ||||||
| 4.00%, 07/01/2037 |
1,200 | 1,210,838 | ||||||
| Connecticut State Health & Educational Facilities Authority (Quinnipiac University) |
5,750 | 5,887,679 | ||||||
| Connecticut State Health & Educational Facilities Authority (Sacred Heart University, Inc.) |
1,000 | 1,071,717 | ||||||
| 5.00%, 07/01/2037 |
1,095 | 1,159,788 | ||||||
| Connecticut State Health & Educational Facilities Authority (Seabury Retirement Community) |
1,000 | 923,170 | ||||||
| 5.00%, 09/01/2053(c) |
1,475 | 1,332,166 | ||||||
13
| Principal Amount (000) |
U.S. $ Value | |||||||
| Connecticut State Health & Educational Facilities Authority (University of Hartford (The)) |
$ | 10,710 | $ | 9,024,304 | ||||
| 4.00%, 07/01/2049 |
7,325 | 5,914,073 | ||||||
| 5.00%, 07/01/2033 |
470 | 490,388 | ||||||
| 5.00%, 07/01/2034 |
295 | 305,772 | ||||||
| Connecticut State Health & Educational Facilities Authority (University of New Haven, Inc.) |
1,000 | 1,029,027 | ||||||
| Series 2018-K1 |
765 | 796,762 | ||||||
| 5.00%, 07/01/2035 |
1,055 | 1,077,903 | ||||||
| 5.00%, 07/01/2036 |
2,205 | 2,237,168 | ||||||
| 5.00%, 07/01/2037 |
1,085 | 1,094,188 | ||||||
| 5.00%, 07/01/2038 |
1,980 | 1,990,505 | ||||||
| State of Connecticut |
1,000 | 1,013,781 | ||||||
| Series 2016-E |
4,595 | 4,980,009 | ||||||
| Series 2016-F |
10,205 | 11,143,420 | ||||||
| Series 2017-A |
6,700 | 7,385,440 | ||||||
| 5.00%, 04/15/2033 |
10,985 | 12,088,479 | ||||||
| 5.00%, 04/15/2034 |
4,855 | 5,327,493 | ||||||
| Series 2018-A |
5,430 | 6,076,186 | ||||||
| 5.00%, 04/15/2037 |
2,500 | 2,724,457 | ||||||
| Series 2018-C |
1,325 | 1,498,831 | ||||||
| 5.00%, 06/15/2032 |
1,775 | 2,003,214 | ||||||
| 5.00%, 06/15/2033 |
1,250 | 1,407,556 | ||||||
| 5.00%, 06/15/2034 |
1,100 | 1,233,506 | ||||||
| 5.00%, 06/15/2035 |
1,040 | 1,155,207 | ||||||
| 5.00%, 06/15/2038 |
1,000 | 1,086,764 | ||||||
| Series 2018-E |
1,035 | 1,134,396 | ||||||
| Series 2022-A 3.875%, 06/15/2028 |
5,150 | 5,047,226 | ||||||
| 3.975%, 06/15/2029 |
5,000 | 4,900,398 | ||||||
| 4.06%, 06/15/2030 |
5,000 | 4,896,273 | ||||||
| 4.11%, 06/15/2031 |
5,000 | 4,859,247 | ||||||
| Town of Hamden CT (Whitney Center, Inc. Obligated Group) |
3,900 | 4,081,180 | ||||||
|
|
|
|||||||
| 122,386,258 | ||||||||
|
|
|
|||||||
| Delaware – 0.0% |
| |||||||
| Delaware River & Bay Authority |
550 | 559,077 | ||||||
14
| Principal Amount (000) |
U.S. $ Value | |||||||
| Delaware State Economic Development Authority (Newark Charter School, Inc.) |
$ | 1,125 | $ | 1,157,972 | ||||
|
|
|
|||||||
| 1,717,049 | ||||||||
|
|
|
|||||||
| District of Columbia – 0.6% |
| |||||||
| District of Columbia (District of Columbia International School Obligated Group) |
1,075 | 1,088,288 | ||||||
| District of Columbia (Friendship Public Charter School, Inc.) |
735 | 746,034 | ||||||
| 5.00%, 06/01/2046 |
1,165 | 1,177,074 | ||||||
| District of Columbia (KIPP DC Obligated Group) |
3,230 | 3,282,688 | ||||||
| 5.00%, 07/01/2048 |
5,350 | 5,394,272 | ||||||
| Series 2017-B |
1,465 | 1,508,659 | ||||||
| 5.00%, 07/01/2042 |
2,000 | 2,032,624 | ||||||
| District of Columbia (Rocketship DC Obligated Group) |
2,945 | 2,774,845 | ||||||
| 5.00%, 06/01/2061(c) |
3,370 | 3,101,666 | ||||||
| District of Columbia Tobacco Settlement Financing Corp. |
182,000 | 17,068,916 | ||||||
| Metropolitan Washington Airports Authority Aviation Revenue |
1,750 | 1,765,375 | ||||||
| 4.00%, 10/01/2039 |
2,000 | 1,981,142 | ||||||
| Series 2021-A |
7,400 | 7,870,965 | ||||||
|
|
|
|||||||
| 49,792,548 | ||||||||
|
|
|
|||||||
| Florida – 5.7% |
| |||||||
| Alachua County Health Facilities Authority (Shands Teaching Hospital & Clinics Obligated Group) |
1,000 | 1,011,606 | ||||||
| Align Affordable Housing Bond Fund LP (SHI - Lake Worth LLC) |
26,000 | 22,999,369 | ||||||
| Bexley Community Development District |
985 | 920,864 | ||||||
| Cape Coral Health Facilities Authority (Gulf Care, Inc. Obligated Group) |
1,400 | 1,308,101 | ||||||
15
| Principal Amount (000) |
U.S. $ Value | |||||||
| 6.00%, 07/01/2045(c) |
$ | 1,215 | $ | 1,126,223 | ||||
| 6.00%, 07/01/2050(c) |
2,895 | 2,645,370 | ||||||
| Capital Projects Finance Authority/FL (CAPFA Capital Corp. 2000F) |
2,000 | 2,058,491 | ||||||
| 5.00%, 10/01/2029 |
1,650 | 1,707,511 | ||||||
| 5.00%, 10/01/2032 |
1,000 | 1,026,177 | ||||||
| 5.00%, 10/01/2033 |
1,050 | 1,075,441 | ||||||
| Capital Trust Agency, Inc. (Aviva Senior Life) |
1,300 | 1,039,276 | ||||||
| Capital Trust Agency, Inc. (Educational Growth Fund LLC) |
1,270 | 1,163,466 | ||||||
| 5.00%, 07/01/2056(c) |
48,050 | 44,599,366 | ||||||
| Capital Trust Agency, Inc. (Team Success A School of Excellence, Inc.) |
1,615 | 1,430,274 | ||||||
| 5.00%, 06/01/2055(c) |
2,250 | 1,921,789 | ||||||
| Series 2022 |
3,000 | 2,660,248 | ||||||
| City of Jacksonville FL (Genesis Health, Inc. Obligated Group) |
1,650 | 1,652,034 | ||||||
| 4.00%, 11/01/2040 |
2,175 | 2,162,086 | ||||||
| 4.00%, 11/01/2045 |
7,500 | 7,176,444 | ||||||
| 5.00%, 11/01/2050 |
8,230 | 8,477,163 | ||||||
| City of Lakeland FL (Lakeland Regional Health Systems Obligated Group) |
5,610 | 5,723,237 | ||||||
| City of Palmetto FL (Renaissance Arts and Education, Inc.) |
2,955 | 2,997,638 | ||||||
| 5.375%, 06/01/2057 |
1,000 | 1,016,000 | ||||||
| 5.625%, 06/01/2062 |
3,465 | 3,551,557 | ||||||
| City of South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group) |
8,405 | 8,887,038 | ||||||
| 5.00%, 08/15/2047(a) |
6,125 | 6,300,919 | ||||||
| City of Tallahassee FL (Tallahassee Memorial HealthCare, Inc.) |
1,200 | 1,216,767 | ||||||
| Series 2016 |
3,535 | 3,581,330 | ||||||
| City of Tampa FL (State of Florida Cigarette Tax Revenue) |
700 | 414,509 | ||||||
16
| Principal Amount (000) |
U.S. $ Value | |||||||
| Zero Coupon, 09/01/2037 |
$ | 700 | $ | 394,606 | ||||
| Zero Coupon, 09/01/2040 |
980 | 465,723 | ||||||
| Zero Coupon, 09/01/2041 |
1,000 | 445,648 | ||||||
| Zero Coupon, 09/01/2045 |
1,850 | 639,681 | ||||||
| Zero Coupon, 09/01/2049 |
1,350 | 377,379 | ||||||
| County of Broward FL Airport System Revenue |
3,095 | 3,323,674 | ||||||
| 5.00%, 10/01/2044 |
3,000 | 3,159,417 | ||||||
| County of Broward FL Airport System Revenue (Fort Lauderdale Hollywood Intl Airport) |
5,000 | 5,207,491 | ||||||
| 5.00%, 10/01/2047 |
2,880 | 2,970,850 | ||||||
| County of Lake FL (Waterman Communities, Inc.) |
5,000 | 4,481,029 | ||||||
| 5.75%, 08/15/2055 |
3,905 | 3,429,960 | ||||||
| County of Miami-Dade FL Aviation Revenue |
10,000 | 10,270,159 | ||||||
| Series 2015-A |
1,100 | 1,147,884 | ||||||
| County of Miami-Dade Seaport Department |
5,000 | 5,271,693 | ||||||
| 5.25%, 10/01/2052(f) |
2,900 | 3,098,960 | ||||||
| County of Osceola FL Transportation Revenue |
1,000 | 534,148 | ||||||
| Zero Coupon, 10/01/2036 |
860 | 431,961 | ||||||
| Zero Coupon, 10/01/2037 |
1,390 | 657,047 | ||||||
| Zero Coupon, 10/01/2038 |
1,185 | 526,964 | ||||||
| Zero Coupon, 10/01/2039 |
1,610 | 672,984 | ||||||
| County of Palm Beach FL (Provident Group-PBAU Properties LLC) |
1,000 | 973,978 | ||||||
| 5.00%, 04/01/2051(c) |
3,030 | 2,773,653 | ||||||
| Florida Development Finance Corp. (Assistance Unlimited, Inc,) |
460 | 446,749 | ||||||
| 5.25%, 08/15/2037(c) |
700 | 665,814 | ||||||
| 5.625%, 08/15/2042(c) |
1,520 | 1,453,208 | ||||||
| 5.875%, 08/15/2052(c) |
5,000 | 4,774,428 | ||||||
| 6.00%, 08/15/2057(c) |
1,000 | 956,588 | ||||||
| Florida Development Finance Corp. (Brightline Trains Florida LLC) |
5,500 | 4,961,381 | ||||||
17
| Principal Amount (000) |
U.S. $ Value | |||||||
| Florida Development Finance Corp. (Cornerstone Charter Academy, Inc.) |
$ | 925 | $ | 955,082 | ||||
| 5.00%, 10/01/2042(c) |
1,105 | 1,084,580 | ||||||
| 5.125%, 10/01/2052(c) |
3,120 | 3,002,502 | ||||||
| 5.25%, 10/01/2056(c) |
1,900 | 1,833,028 | ||||||
| Florida Development Finance Corp. (Drs Kiran & Pallavi Patel 2017 Foundation for Global Understanding, Inc.) |
1,000 | 791,642 | ||||||
| Florida Development Finance Corp. (IDEA Florida, Inc.) |
1,030 | 1,035,518 | ||||||
| Florida Development Finance Corp. (Mater Academy, Inc.) |
1,650 | 1,664,922 | ||||||
| 5.00%, 06/15/2050 |
4,815 | 4,731,431 | ||||||
| 5.00%, 06/15/2055 |
8,700 | 8,429,257 | ||||||
| Series 2022-A |
2,310 | 2,288,678 | ||||||
| Florida Development Finance Corp. (Mayflower Retirement Center, Inc. Obligated Group) |
5,000 | 4,631,254 | ||||||
| 5.25%, 06/01/2055(c) |
5,500 | 5,030,292 | ||||||
| Series 2021 |
830 | 651,573 | ||||||
| Florida Development Finance Corp. (River City Education Obligated Group) |
925 | 901,767 | ||||||
| Series 2022 |
895 | 921,093 | ||||||
| 5.00%, 07/01/2051 |
1,045 | 1,058,006 | ||||||
| 5.00%, 02/01/2057 |
575 | 578,007 | ||||||
| 5.00%, 07/01/2057 |
680 | 683,556 | ||||||
| Florida Development Finance Corp. (Seaside School Consortium, Inc.) |
7,000 | 7,368,595 | ||||||
| Florida Higher Educational Facilities Financial Authority (Florida Institute of Technology, Inc.) |
1,000 | 943,061 | ||||||
| Florida Higher Educational Facilities Financial Authority (Ringling College of Art and Design, Inc.) |
265 | 278,451 | ||||||
| 5.00%, 03/01/2034 |
2,395 | 2,503,915 | ||||||
| 5.00%, 03/01/2042 |
2,785 | 2,828,586 | ||||||
18
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2019 |
$ | 1,065 | $ | 1,084,492 | ||||
| 5.00%, 03/01/2049 |
8,425 | 8,533,345 | ||||||
| Florida Municipal Power Agency (Florida Municipal Power Agency All-Requirements Power Supply Project Revenue) |
2,700 | 2,392,675 | ||||||
| Greater Orlando Aviation Authority |
2,000 | 2,198,708 | ||||||
| 5.00%, 10/01/2044(a) |
13,000 | 13,698,564 | ||||||
| Series 2017-A |
4,350 | 4,710,406 | ||||||
| 5.00%, 10/01/2032(a) |
1,500 | 1,621,968 | ||||||
| 5.00%, 10/01/2034(a) |
2,150 | 2,304,327 | ||||||
| 5.00%, 10/01/2035(a) |
3,500 | 3,719,949 | ||||||
| 5.00%, 10/01/2036(a) |
4,000 | 4,230,647 | ||||||
| Series 2019-A |
5,000 | 5,397,918 | ||||||
| 5.00%, 10/01/2049(a) |
4,500 | 4,706,256 | ||||||
| 5.00%, 10/01/2054(a) |
4,000 | 4,167,733 | ||||||
| Highlands County Health Facilities Authority (Trousdale Foundation Obligated Group) |
1,530 | 535,500 | ||||||
| 6.25%, 04/01/2049(d) (e) |
1,820 | 637,000 | ||||||
| Lakewood Ranch Stewardship District (Lakewood Ranch Stewardship District Northeast Sector Project) |
1,000 | 1,015,865 | ||||||
| 5.45%, 05/01/2048 |
1,525 | 1,535,593 | ||||||
| Lee County Industrial Development Authority/FL (Cypress Cove at Healthpark Florida Obligated Group) |
1,350 | 1,212,066 | ||||||
| 5.25%, 10/01/2057 |
3,650 | 3,209,160 | ||||||
| Manatee County School District (Manatee County School District Sales Tax) |
2,700 | 2,957,162 | ||||||
| Marshall Creek Community Development District |
1,395 | 1,403,572 | ||||||
| Martin County Health Facilities Authority (Cleveland Clinic Health System Obligated Group) |
4,000 | 3,935,941 | ||||||
| Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) |
2,000 | 2,031,673 | ||||||
| Miami-Dade County Expressway Authority |
4,000 | 4,098,379 | ||||||
19
| Principal Amount (000) |
U.S. $ Value | |||||||
| Miami-Dade County Industrial Development Authority (AcadeMir Charter School Middle & Preparatory Academy Obligated Group) |
$ | 525 | $ | 497,579 | ||||
| 5.25%, 07/01/2042(c) |
770 | 722,711 | ||||||
| 5.25%, 07/01/2052(c) |
1,715 | 1,561,237 | ||||||
| 5.50%, 07/01/2061(c) |
1,185 | 1,076,730 | ||||||
| Mid-Bay Bridge Authority |
1,600 | 1,668,451 | ||||||
| 5.00%, 10/01/2040 |
2,000 | 2,040,481 | ||||||
| Series 2015-C |
1,750 | 1,797,908 | ||||||
| 5.00%, 10/01/2040 |
1,000 | 1,016,708 | ||||||
| Middleton Community Development District A |
3,500 | 3,596,974 | ||||||
| North Broward Hospital District |
4,070 | 4,217,513 | ||||||
| 5.00%, 01/01/2048 |
17,190 | 17,384,720 | ||||||
| Orange County Health Facilities Authority (Presbyterian Retirement Communities, Inc. Obligated Group) |
5,750 | 5,074,036 | ||||||
| Palm Beach County Educational Facilities Authority (Palm Beach Atlantic University Obligated Group) |
1,030 | 964,452 | ||||||
| 4.00%, 10/01/2051 |
4,330 | 3,791,377 | ||||||
| Palm Beach County Health Facilities Authority (ACTS Retirement-Life Communities, Inc. Obligated Group) |
1,000 | 1,001,203 | ||||||
| Palm Beach County Health Facilities Authority (Federation CCRC Operations Corp. Obligated Group) |
2,880 | 2,626,941 | ||||||
| Series 2022 |
4,825 | 3,669,589 | ||||||
| Palm Beach County Health Facilities Authority (Green Cay Life Plan Village, Inc.) |
1,800 | 1,759,720 | ||||||
| Palm Beach County Health Facilities Authority (Jupiter Medical Center Obligated Group) |
400 | 422,522 | ||||||
| 5.00%, 11/01/2039 |
685 | 721,237 | ||||||
| 5.00%, 11/01/2040 |
650 | 681,818 | ||||||
| 5.00%, 11/01/2041 |
2,330 | 2,440,160 | ||||||
20
| Principal Amount (000) |
U.S. $ Value | |||||||
| 5.00%, 11/01/2042 |
$ | 500 | $ | 523,774 | ||||
| 5.00%, 11/01/2047 |
11,835 | 12,262,981 | ||||||
| 5.00%, 11/01/2052 |
15,630 | 16,089,341 | ||||||
| Pinellas County Industrial Development Authority |
1,955 | 1,947,526 | ||||||
| Polk County Industrial Development Authority (Mineral Development LLC) |
4,000 | 4,070,411 | ||||||
| St. Johns County Industrial Development Authority (Presbyterian Retirement Communities, Inc. Obligated Group) |
5,300 | 4,850,342 | ||||||
| Tampa Florida Hospitals |
18,325 | 18,933,639 | ||||||
| Town of Davie FL |
3,765 | 3,784,724 | ||||||
| Town of Davie FL (Nova Southeastern University, Inc.) |
24,650 | 25,476,993 | ||||||
| Village Community Development District No. 13 |
965 | 889,878 | ||||||
| 3.375%, 05/01/2034 |
1,450 | 1,292,132 | ||||||
| 3.55%, 05/01/2039 |
2,520 | 2,109,188 | ||||||
| 3.70%, 05/01/2050 |
9,620 | 7,505,848 | ||||||
| Series 2020 |
4,885 | 3,604,232 | ||||||
| Village Community Development District No. 14 |
2,250 | 2,264,482 | ||||||
| Volusia County School Board (Volusia County School Board COP) |
1,625 | 1,677,354 | ||||||
|
|
|
|||||||
| 507,913,958 | ||||||||
|
|
|
|||||||
| Georgia – 2.4% |
| |||||||
| Augusta Development Authority (AU Health System Obligated Group) |
1,635 | 1,646,542 | ||||||
| City of Atlanta GA Department of Aviation |
1,820 | 1,862,942 | ||||||
| Series 2019-B |
9,000 | 9,467,886 | ||||||
| Series 2021-C |
2,305 | 2,280,174 | ||||||
| Series 2022-B |
12,430 | 13,250,047 | ||||||
| 5.00%, 07/01/2052 |
20,000 | 21,183,078 | ||||||
21
| Principal Amount (000) |
U.S. $ Value | |||||||
| Clarke County Hospital Authority (Piedmont Healthcare, Inc. Obligated Group) |
$ | 2,500 | $ | 2,667,489 | ||||
| Development Authority for Fulton County (Piedmont Healthcare, Inc. Obligated Group) |
2,000 | 2,128,664 | ||||||
| Development Authority of Gwinnett County (Board of Regents of the University System of Georgia Lease) |
1,205 | 1,321,017 | ||||||
| 5.00%, 07/01/2033(a) |
2,370 | 2,593,235 | ||||||
| 5.00%, 07/01/2035(a) |
4,945 | 5,331,296 | ||||||
| 5.00%, 07/01/2037(a) |
2,335 | 2,490,856 | ||||||
| Fayette County Hospital Authority/GA (Piedmont Healthcare, Inc. Obligated Group) |
1,620 | 1,715,115 | ||||||
| 5.00%, 07/01/2035 |
6,355 | 6,689,935 | ||||||
| 5.00%, 07/01/2036 |
2,735 | 2,863,978 | ||||||
| Fulton County Residential Care Facilities for the Elderly Authority (All Saints-St Luke’s Episcopal Home for the Retired Obligated Group) |
6,500 | 5,529,089 | ||||||
| 5.00%, 04/01/2054(c) |
2,000 | 1,649,189 | ||||||
| George L Smith II Congress Center Authority (Signia Hotel Management LLC) |
1,485 | 1,240,370 | ||||||
| Glynn-Brunswick Memorial Hospital Authority (Southeast Georgia Health System Obligated Group) |
10,880 | 11,124,353 | ||||||
| 5.00%, 08/01/2047 |
1,800 | 1,832,172 | ||||||
| Main Street Natural Gas, Inc. (Citadel LP) |
24,750 | 23,854,567 | ||||||
| Main Street Natural Gas, Inc. (Royal Bank of Canada) |
12,175 | 12,223,485 | ||||||
| Series 2018-C |
12,245 | 12,314,417 | ||||||
| Municipal Electric Authority of Georgia |
1,235 | 1,299,046 | ||||||
| 5.00%, 01/01/2039 |
1,215 | 1,270,116 | ||||||
| 5.00%, 01/01/2048 |
2,460 | 2,506,830 | ||||||
| 5.00%, 01/01/2049 |
5,000 | 5,139,731 | ||||||
| 5.00%, 01/01/2056 |
4,655 | 4,770,199 | ||||||
| 5.00%, 01/01/2059 |
2,395 | 2,419,851 | ||||||
22
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2022 |
$ | 15,000 | $ | 15,057,417 | ||||
| 5.00%, 07/01/2052 |
12,000 | 12,492,158 | ||||||
| Series 2023 |
10,200 | 10,700,656 | ||||||
| AGM Series 2023 |
1,570 | 1,673,832 | ||||||
| 5.00%, 07/01/2055 |
3,200 | 3,389,928 | ||||||
| 5.00%, 07/01/2064 |
6,055 | 6,339,506 | ||||||
| Private Colleges & Universities Authority (Corp. of Mercer University (The)) |
2,700 | 2,578,758 | ||||||
|
|
|
|||||||
| 216,897,924 | ||||||||
|
|
|
|||||||
| Guam – 0.6% |
| |||||||
| Guam Government Waterworks Authority |
3,790 | 3,894,205 | ||||||
| Guam Power Authority |
3,300 | 3,477,299 | ||||||
| Territory of Guam |
1,855 | 1,992,159 | ||||||
| Territory of Guam (Guam Section 30 Income Tax) |
1,310 | 1,374,240 | ||||||
| 5.00%, 12/01/2030 |
4,160 | 4,359,917 | ||||||
| 5.00%, 12/01/2032 |
3,545 | 3,706,829 | ||||||
| Territory of Guam (Territory of Guam Business Privilege Tax) |
13,000 | 13,440,177 | ||||||
| 5.00%, 11/15/2033 |
3,570 | 3,683,738 | ||||||
| 5.00%, 11/15/2035 |
8,935 | 9,142,363 | ||||||
| Series 2021-F |
4,050 | 4,001,877 | ||||||
|
|
|
|||||||
| 49,072,804 | ||||||||
|
|
|
|||||||
| Idaho – 0.0% |
| |||||||
| Idaho Housing & Finance Association (Battelle Energy Alliance LLC) |
200 | 200,473 | ||||||
|
|
|
|||||||
| Illinois – 8.9% |
| |||||||
| Chicago Board of Education |
6,635 | 6,621,300 | ||||||
| Series 2015-C |
2,790 | 2,806,944 | ||||||
| 5.25%, 12/01/2039 |
7,525 | 7,560,881 | ||||||
| Series 2015-E |
1,000 | 1,005,911 | ||||||
| Series 2016-A |
1,400 | 1,492,458 | ||||||
23
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2016-B |
$ | 1,900 | $ | 2,022,473 | ||||
| Series 2017-G |
4,150 | 4,278,872 | ||||||
| Series 2017-H |
900 | 917,972 | ||||||
| 5.00%, 12/01/2046 |
6,095 | 6,112,727 | ||||||
| Series 2018-A |
5,430 | 5,646,219 | ||||||
| 5.00%, 12/01/2027 |
6,300 | 6,599,277 | ||||||
| 5.00%, 12/01/2028 |
5,975 | 6,304,935 | ||||||
| Series 2019-A |
2,950 | 3,133,699 | ||||||
| 5.00%, 12/01/2030 |
4,120 | 4,337,963 | ||||||
| Series 2019-B |
935 | 984,465 | ||||||
| 5.00%, 12/01/2031 |
1,030 | 1,083,303 | ||||||
| 5.00%, 12/01/2032 |
635 | 666,429 | ||||||
| 5.00%, 12/01/2033 |
500 | 523,067 | ||||||
| Series 2021-A |
4,510 | 4,769,086 | ||||||
| 5.00%, 12/01/2036 |
1,010 | 1,042,716 | ||||||
| 5.00%, 12/01/2038 |
2,730 | 2,804,196 | ||||||
| 5.00%, 12/01/2039 |
2,000 | 2,046,150 | ||||||
| 5.00%, 12/01/2040 |
1,750 | 1,782,443 | ||||||
| 5.00%, 12/01/2041 |
5,300 | 5,374,935 | ||||||
| Series 2021-B |
1,000 | 1,032,392 | ||||||
| Series 2022-B |
42,765 | 38,769,312 | ||||||
| Chicago O’Hare International Airport |
20,000 | 21,360,090 | ||||||
| Series 2015-C |
1,665 | 1,719,238 | ||||||
| Series 2016-B |
5,000 | 5,315,793 | ||||||
| Series 2016-C |
1,625 | 1,721,590 | ||||||
| 5.00%, 01/01/2038 |
7,625 | 7,972,082 | ||||||
| Series 2017-B |
6,645 | 7,168,229 | ||||||
| 5.00%, 01/01/2036 |
12,000 | 12,843,438 | ||||||
| 5.00%, 01/01/2037 |
14,800 | 15,757,900 | ||||||
| Series 2022 |
10,000 | 10,067,246 | ||||||
| 4.625%, 01/01/2053 |
10,000 | 10,075,912 | ||||||
| 5.50%, 01/01/2055(a) |
19,000 | 20,703,069 | ||||||
| Chicago O’Hare International Airport (TrIPs Obligated Group) |
645 | 672,897 | ||||||
| 5.00%, 07/01/2038 |
1,500 | 1,522,205 | ||||||
| 5.00%, 07/01/2048 |
5,000 | 5,012,015 | ||||||
| Chicago Transit Authority (Chicago Transit Authority Sales Tax) |
12,340 | 11,491,614 | ||||||
24
| Principal Amount (000) |
U.S. $ Value | |||||||
| Chicago Transit Authority Sales Tax Receipts Fund |
$ | 5,000 | $ | 5,271,920 | ||||
| 5.00%, 12/01/2055(a) |
6,000 | 6,267,878 | ||||||
| City of Chicago IL (Goldblatts Supportive Living Project) |
1,050 | 664,000 | ||||||
| Illinois Finance Authority |
2,000 | 2,128,508 | ||||||
| Illinois Finance Authority (Acero Charter Schools, Inc. Obligated Group) |
1,155 | 994,576 | ||||||
| 4.00%, 10/01/2042(c) |
3,400 | 2,650,532 | ||||||
| Illinois Finance Authority (Ascension Health Credit Group) |
2,835 | 2,954,949 | ||||||
| Illinois Finance Authority (Clark-Lindsey Village Obligated Group) |
400 | 394,272 | ||||||
| 5.125%, 06/01/2032 |
350 | 340,493 | ||||||
| 5.25%, 06/01/2037 |
340 | 326,734 | ||||||
| 5.375%, 06/01/2042 |
985 | 942,150 | ||||||
| 5.50%, 06/01/2057 |
5,280 | 4,897,334 | ||||||
| Illinois Finance Authority (Illinois Institute of Technology) |
1,000 | 904,689 | ||||||
| 4.00%, 09/01/2037 |
1,130 | 989,382 | ||||||
| 4.00%, 09/01/2039 |
1,150 | 990,019 | ||||||
| 4.00%, 09/01/2041 |
1,000 | 836,259 | ||||||
| 5.00%, 09/01/2036 |
1,095 | 1,089,002 | ||||||
| 5.00%, 09/01/2038 |
2,135 | 2,099,454 | ||||||
| 5.00%, 09/01/2040 |
1,035 | 1,007,012 | ||||||
| Illinois Finance Authority (Lake Forest College) |
1,500 | 1,468,710 | ||||||
| 5.50%, 10/01/2042 |
1,045 | 1,072,158 | ||||||
| 5.50%, 10/01/2047 |
1,000 | 1,015,958 | ||||||
| Illinois Finance Authority (Park Place of Elmhurst Obligated Group) |
3,515 | 2,099,002 | ||||||
| Illinois Finance Authority (Plymouth Place Obligated Group) |
1,500 | 1,505,084 | ||||||
| 5.25%, 11/15/2027 |
1,525 | 1,530,144 | ||||||
| 6.50%, 05/15/2042 |
2,000 | 2,110,851 | ||||||
| 6.50%, 05/15/2047 |
2,000 | 2,086,514 | ||||||
| 6.625%, 05/15/2052 |
1,910 | 1,991,426 | ||||||
| 6.75%, 05/15/2058 |
1,765 | 1,847,071 | ||||||
25
| Principal Amount (000) |
U.S. $ Value | |||||||
| Illinois Finance Authority (Rosalind Franklin University of Medicine and Science) |
$ | 1,000 | $ | 1,013,078 | ||||
| 5.00%, 08/01/2047 |
2,475 | 2,495,211 | ||||||
| Series 2017-C |
2,900 | 2,922,235 | ||||||
| Illinois Finance Authority (Silver Cross Hospital Obligated Group) |
4,750 | 4,890,695 | ||||||
| Illinois Finance Authority (Washington and Jane Smith Home (The)) |
10,890 | 8,739,664 | ||||||
| Illinois Housing Development Authority |
17,000 | 17,139,638 | ||||||
| 7.17%, 11/01/2038 |
1,675 | 1,744,637 | ||||||
| Illinois State Toll Highway Authority |
1,500 | 1,592,234 | ||||||
| 5.00%, 01/01/2032 |
1,625 | 1,724,117 | ||||||
| Series 2015-B |
2,850 | 3,013,611 | ||||||
| Series 2016-B |
3,450 | 3,639,225 | ||||||
| Metropolitan Pier & Exposition Authority |
9,400 | 3,730,952 | ||||||
| Zero Coupon, 12/15/2051 |
11,385 | 2,547,900 | ||||||
| Series 2015-B |
13,300 | 13,430,508 | ||||||
| Series 2017-B |
9,850 | 1,865,816 | ||||||
| Series 2020 |
2,525 | 2,250,470 | ||||||
| 5.00%, 06/15/2050 |
47,895 | 48,613,324 | ||||||
| State of Illinois |
11,946 | 12,875,877 | ||||||
| Series 2014 |
7,185 | 7,223,782 | ||||||
| 5.00%, 05/01/2031 |
7,615 | 7,747,672 | ||||||
| Series 2016 |
2,525 | 2,578,577 | ||||||
| 5.00%, 02/01/2027 |
19,125 | 20,454,385 | ||||||
| 5.00%, 02/01/2029 |
5,945 | 6,306,683 | ||||||
| 5.00%, 11/01/2032 |
5,245 | 5,490,207 | ||||||
| 5.00%, 11/01/2035 |
8,000 | 8,294,241 | ||||||
| Series 2017-A |
3,510 | 3,698,282 | ||||||
| 5.00%, 12/01/2026 |
6,000 | 6,404,516 | ||||||
| 5.00%, 12/01/2028 |
2,700 | 2,898,012 | ||||||
| 5.00%, 12/01/2034 |
2,585 | 2,726,191 | ||||||
26
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2017-C |
$ | 19,335 | $ | 20,649,685 | ||||
| Series 2017-D |
7,395 | 7,658,695 | ||||||
| 5.00%, 11/01/2025 |
31,725 | 33,386,787 | ||||||
| 5.00%, 11/01/2026 |
26,070 | 27,800,086 | ||||||
| 5.00%, 11/01/2028 |
8,450 | 9,063,326 | ||||||
| Series 2018-A |
14,590 | 15,710,960 | ||||||
| 5.00%, 10/01/2028 |
1,710 | 1,856,795 | ||||||
| 5.00%, 05/01/2029 |
5,235 | 5,638,015 | ||||||
| 5.00%, 10/01/2029 |
1,030 | 1,112,769 | ||||||
| 5.00%, 05/01/2030 |
2,185 | 2,343,058 | ||||||
| Series 2018-B |
5,000 | 5,326,499 | ||||||
| Series 2019-B |
9,500 | 9,626,344 | ||||||
| 4.00%, 11/01/2036 |
16,375 | 16,198,048 | ||||||
| 4.00%, 11/01/2037 |
16,920 | 16,568,825 | ||||||
| 5.00%, 11/01/2030 |
8,225 | 8,950,736 | ||||||
| Series 2020 |
2,750 | 3,103,215 | ||||||
| 5.75%, 05/01/2045 |
2,500 | 2,684,240 | ||||||
| Series 2020-B |
2,000 | 2,198,361 | ||||||
| 5.00%, 10/01/2031 |
2,100 | 2,297,857 | ||||||
| Series 2021-A |
9,955 | 10,951,516 | ||||||
| 5.00%, 03/01/2035 |
2,700 | 2,912,854 | ||||||
| 5.00%, 03/01/2036 |
3,250 | 3,479,333 | ||||||
| 5.00%, 03/01/2037 |
3,750 | 3,983,116 | ||||||
| 5.00%, 03/01/2046 |
4,000 | 4,112,252 | ||||||
| Series 2022-A |
2,500 | 2,723,468 | ||||||
| 5.50%, 03/01/2042 |
12,610 | 13,719,850 | ||||||
| 5.50%, 03/01/2047 |
4,500 | 4,830,314 | ||||||
| Series 2022-B |
13,000 | 14,178,206 | ||||||
| Series 2022-C |
19,000 | 20,535,377 | ||||||
| Village of Antioch IL Special Service Areas No. 1 & 2 |
3,159 | 2,935,130 | ||||||
| Series 2016-B |
1,469 | 1,410,560 | ||||||
| Village of Pingree Grove IL Special Service Area No. 7 |
333 | 332,662 | ||||||
| 5.00%, 03/01/2036 |
2,957 | 2,871,214 | ||||||
| Series 2015-B |
824 | 829,059 | ||||||
|
|
|
|||||||
| 795,630,476 | ||||||||
|
|
|
|||||||
| Indiana – 1.7% |
| |||||||
| City of Fort Wayne IN |
39,310 | 39,642,582 | ||||||
| 10.75%, 12/01/2029 |
5,305 | 5,299,946 | ||||||
27
| Principal Amount (000) |
U.S. $ Value | |||||||
| Indiana Finance Authority |
$ | 2,400 | $ | 2,421,317 | ||||
| 5.00%, 07/01/2044 (Pre-refunded/ETM) |
6,070 | 6,123,913 | ||||||
| 5.00%, 07/01/2048 (Pre-refunded/ETM) |
2,500 | 2,522,205 | ||||||
| Indiana Finance Authority (Baptist Healthcare System Obligated Group) |
3,905 | 3,990,133 | ||||||
| Indiana Finance Authority (Brightmark Plastics Renewal Indiana LLC) |
31,440 | 24,173,965 | ||||||
| Indiana Finance Authority (Good Samaritan Hospital Obligated Group) |
2,620 | 2,411,097 | ||||||
| 4.00%, 04/01/2039 |
1,630 | 1,458,880 | ||||||
| 4.00%, 04/01/2041 |
2,305 | 2,022,101 | ||||||
| 4.00%, 04/01/2042 |
2,400 | 2,098,984 | ||||||
| Indiana Finance Authority (Greencroft Goshen Obligated Group) |
6,700 | 5,253,777 | ||||||
| Series 2023-2 |
795 | 792,769 | ||||||
| 4.00%, 11/15/2024(f) |
905 | 892,444 | ||||||
| 4.00%, 11/15/2025(f) |
985 | 958,982 | ||||||
| 4.00%, 11/15/2028(f) |
1,000 | 923,365 | ||||||
| 4.00%, 11/15/2029(f) |
1,000 | 907,238 | ||||||
| 4.00%, 11/15/2037(f) |
1,800 | 1,447,925 | ||||||
| Indiana Finance Authority (Marquette Manor) |
1,000 | 1,011,327 | ||||||
| Indiana Finance Authority (Ohio Valley Electric Corp.) |
11,725 | 10,532,864 | ||||||
| Series 2020-A |
7,290 | 6,548,791 | ||||||
| Series 2021-B |
5,065 | 4,386,396 | ||||||
| Indiana Finance Authority (University of Evansville) |
1,755 | 1,845,111 | ||||||
| 5.00%, 09/01/2030 |
1,845 | 1,947,030 | ||||||
| 5.00%, 09/01/2031 |
1,935 | 2,047,419 | ||||||
| 5.00%, 09/01/2032 |
2,035 | 2,152,522 | ||||||
| 5.25%, 09/01/2044 |
10,000 | 10,074,243 | ||||||
| 5.25%, 09/01/2057 |
2,010 | 1,963,124 | ||||||
28
| Principal Amount (000) |
U.S. $ Value | |||||||
| Indiana Housing & Community Development Authority (Vita of Marion LLC) |
$ | 1,000 | $ | 823,311 | ||||
|
|
|
|||||||
| 146,673,761 | ||||||||
|
|
|
|||||||
| Iowa – 1.2% |
| |||||||
| Iowa Finance Authority (Iowa Fertilizer Co. LLC) |
59,970 | 61,180,069 | ||||||
| Iowa Finance Authority (Lifespace Communities, Inc. Obligated Group) |
8,405 | 7,425,639 | ||||||
| 5.00%, 05/15/2048 |
6,000 | 5,126,851 | ||||||
| Iowa Finance Authority (Wesley Retirement Services, Inc. Obligated Group) |
5,210 | 4,781,892 | ||||||
| 4.00%, 12/01/2041 |
7,810 | 6,478,459 | ||||||
| 4.00%, 12/01/2046 |
5,225 | 4,126,345 | ||||||
| 4.00%, 12/01/2051 |
9,340 | 7,148,142 | ||||||
| Iowa Higher Education Loan Authority (Simpson College) |
7,160 | 6,718,135 | ||||||
| Iowa Tobacco Settlement Authority |
4,000 | 3,646,991 | ||||||
|
|
|
|||||||
| 106,632,523 | ||||||||
|
|
|
|||||||
| Kansas – 0.5% |
| |||||||
| City of Overland Park KS Sales Tax Revenue |
1,850 | 1,925,582 | ||||||
| 6.50%, 11/15/2042(c) |
13,650 | 14,093,708 | ||||||
| City of Topeka KS (Congregational Home Obligated Group/The) |
2,865 | 2,899,168 | ||||||
| 6.25%, 12/01/2042 |
2,920 | 2,964,659 | ||||||
| 6.50%, 12/01/2052 |
6,000 | 6,090,671 | ||||||
| Kansas Development Finance Authority (State of Kansas Department of Administration Lease) |
8,000 | 6,031,391 | ||||||
| Overland Park Development Corp. (City of Overland Park KS) |
1,765 | 1,770,947 | ||||||
| 5.00%, 03/01/2037 |
2,070 | 2,074,391 | ||||||
| 5.00%, 03/01/2039 |
2,325 | 2,307,617 | ||||||
| 5.00%, 03/01/2044 |
1,000 | 977,001 | ||||||
| 5.00%, 03/01/2049 |
5,875 | 5,705,385 | ||||||
29
| Principal Amount (000) |
U.S. $ Value | |||||||
| Wyandotte County-Kansas City Unified Government |
$ | 1,520 | $ | 1,397,709 | ||||
|
|
|
|||||||
| 48,238,229 | ||||||||
|
|
|
|||||||
| Kentucky – 1.9% |
| |||||||
| City of Ashland KY (Ashland Hospital Corp. Obligated Group) |
930 | 937,354 | ||||||
| City of Henderson KY (Pratt Paper LLC) |
9,000 | 8,665,159 | ||||||
| County of Trimble KY (Louisville Gas and Electric Co.) |
8,500 | 7,387,313 | ||||||
| Kentucky Economic Development Finance Authority (Baptist Healthcare System Obligated Group) |
1,500 | 1,606,095 | ||||||
| 5.00%, 08/15/2035(a) |
3,085 | 3,282,313 | ||||||
| 5.00%, 08/15/2037(a) |
1,550 | 1,634,250 | ||||||
| 5.00%, 08/15/2041(a) |
6,905 | 7,198,208 | ||||||
| 5.00%, 08/15/2046(a) |
2,740 | 2,810,476 | ||||||
| Kentucky Economic Development Finance Authority (Carmel Manor, Inc.) |
4,000 | 4,009,954 | ||||||
| Kentucky Economic Development Finance Authority (CommonSpirit Health) |
1,000 | 994,699 | ||||||
| 4.00%, 08/01/2039 |
1,135 | 1,120,395 | ||||||
| 5.00%, 08/01/2044(a) |
6,105 | 6,355,455 | ||||||
| 5.00%, 08/01/2049(a) |
7,660 | 7,889,687 | ||||||
| Kentucky Economic Development Finance Authority (Masonic Homes of Kentucky, Inc. Obligated Group) |
1,685 | 1,456,944 | ||||||
| 5.50%, 11/15/2045 |
1,000 | 860,682 | ||||||
| Series 2016-A 5.00%, 05/15/2046 |
1,100 | 879,949 | ||||||
| 5.00%, 05/15/2051 |
2,000 | 1,545,153 | ||||||
| Kentucky Economic Development Finance Authority (Owensboro Health, Inc. Obligated Group) |
24,090 | 24,421,079 | ||||||
| Series 2017-A |
2,000 | 2,135,143 | ||||||
| 5.00%, 06/01/2032 |
3,500 | 3,725,161 | ||||||
30
| Principal Amount (000) |
U.S. $ Value | |||||||
| 5.00%, 06/01/2037 |
$ | 4,325 | $ | 4,503,168 | ||||
| 5.00%, 06/01/2041 |
4,300 | 4,382,209 | ||||||
| 5.00%, 06/01/2045 |
8,750 | 8,899,631 | ||||||
| 5.25%, 06/01/2041 |
6,750 | 6,979,620 | ||||||
| Series 2017-B |
5,000 | 5,119,430 | ||||||
| Kentucky Economic Development Finance Authority (Rosedale Green) |
2,265 | 2,094,166 | ||||||
| 5.75%, 11/15/2045 |
3,350 | 2,994,750 | ||||||
| Kentucky Housing Corp. (Churchill Park LLLP) |
2,665 | 2,678,146 | ||||||
| 5.75%, 11/01/2040(c) |
12,370 | 12,708,203 | ||||||
| Series 2022-B |
2,050 | 2,103,270 | ||||||
| Kentucky Public Energy Authority (Morgan Stanley) |
3,170 | 3,178,813 | ||||||
| Series 2022-A |
10,000 | 9,979,987 | ||||||
| Louisville/Jefferson County Metropolitan Government (Norton Healthcare Obligated Group) |
8,205 | 8,707,080 | ||||||
| Series 2020 |
1,965 | 2,187,786 | ||||||
| Series 2020-A |
965 | 1,021,699 | ||||||
|
|
|
|||||||
| 166,453,427 | ||||||||
|
|
|
|||||||
| Louisiana – 1.1% |
| |||||||
| Jefferson Sales Tax District |
1,000 | 1,094,584 | ||||||
| 5.00%, 12/01/2036 |
2,400 | 2,608,831 | ||||||
| Louisiana Local Government Environmental Facilities & Community Development Auth (Louisiana Utilities Restoration Corp.) |
10,000 | 9,721,848 | ||||||
| Louisiana Local Government Environmental Facilities & Community Development Auth (St. James Place of Baton Rouge) |
2,100 | 2,099,772 | ||||||
| Louisiana Local Government Environmental Facilities & Community Development Auth (Woman’s Hospital Foundation) |
8,985 | 9,633,959 | ||||||
| 5.00%, 10/01/2036(a) |
8,460 | 8,951,539 | ||||||
31
| Principal Amount (000) |
U.S. $ Value | |||||||
| 5.00%, 10/01/2037(a) |
$ | 5,000 | $ | 5,270,289 | ||||
| 5.00%, 10/01/2044(a) |
5,155 | 5,336,517 | ||||||
| Louisiana Public Facilities Authority |
10 | 10,817 | ||||||
| Louisiana Public Facilities Authority (Geo Prep Mid-City of Greater Baton Rouge) |
415 | 421,303 | ||||||
| 6.25%, 06/01/2062(c) |
1,425 | 1,446,079 | ||||||
| Louisiana Public Facilities Authority (Louisiana Pellets, Inc.) |
2,750 | 28 | ||||||
| Series 2014-A |
1,250 | 13 | ||||||
| Louisiana Public Facilities Authority (Louisiana State University & Agricultural & Mechanical College Auxiliary Revenue) |
10,270 | 10,599,523 | ||||||
| Louisiana Public Facilities Authority (Louisiana State University & Agricultural & Mechanical College Lease) |
1,500 | 1,556,148 | ||||||
| 5.00%, 07/01/2047 |
6,515 | 6,723,842 | ||||||
| 5.00%, 07/01/2052 |
7,300 | 7,488,078 | ||||||
| 5.00%, 07/01/2057 |
2,250 | 2,304,507 | ||||||
| New Orleans Aviation Board |
1,000 | 1,030,617 | ||||||
| Parish of St. James LA (NuStar Logistics LP) |
3,990 | 4,334,702 | ||||||
| Parish of St. John the Baptist LA (Marathon Oil Corp.) |
4,855 | 4,846,206 | ||||||
| 2.10%, 06/01/2037 |
2,465 | 2,413,774 | ||||||
| 2.20%, 06/01/2037 |
3,700 | 3,485,988 | ||||||
| Port New Orleans Board of Commissioners |
540 | 542,102 | ||||||
| 5.00%, 04/01/2031 (Pre-refunded/ETM) |
1,000 | 1,003,893 | ||||||
| St Tammany Parish Finance Authority (Christwood) |
1,050 | 1,026,693 | ||||||
|
|
|
|||||||
| 93,951,652 | ||||||||
|
|
|
|||||||
| Maine – 0.2% |
||||||||
| Finance Authority of Maine (Casella Waste Systems, Inc.) |
4,630 | 4,667,464 | ||||||
| Series 2018-R2 |
1,700 | 1,683,184 | ||||||
32
| Principal Amount (000) |
U.S. $ Value | |||||||
| Maine Health & Higher Educational Facilities Authority (Maine Medical Center) |
$ | 3,370 | $ | 3,510,239 | ||||
| 5.00%, 07/01/2048 |
6,250 | 6,462,760 | ||||||
|
|
|
|||||||
| 16,323,647 | ||||||||
|
|
|
|||||||
| Maryland – 2.0% |
||||||||
| City of Baltimore MD (East Baltimore Research Park Project) |
1,000 | 1,012,970 | ||||||
| City of Baltimore MD (Harbor Point Special Taxing District) |
1,750 | 1,398,580 | ||||||
| Series 2019-B |
300 | 245,428 | ||||||
| County of Frederick MD (County of Frederick MD Urbana Community Development Authority) |
2,615 | 2,276,199 | ||||||
| Maryland Economic Development Corp. (City of Baltimore MD Port Covington Development District) |
2,250 | 2,013,109 | ||||||
| 4.00%, 09/01/2050 |
2,500 | 2,088,661 | ||||||
| Maryland Economic Development Corp. (Maryland Economic Development Corp. Morgan View & Thurgood Marshall Student Hsg) |
2,860 | 3,143,287 | ||||||
| 6.00%, 07/01/2058 |
10,000 | 11,099,831 | ||||||
| Maryland Economic Development Corp. (Purple Line Transit Partners LLC) |
3,200 | 3,375,383 | ||||||
| 5.00%, 06/30/2037 |
2,400 | 2,519,424 | ||||||
| 5.00%, 12/31/2037 |
2,605 | 2,732,217 | ||||||
| 5.00%, 06/30/2038 |
2,920 | 3,061,425 | ||||||
| 5.00%, 12/31/2038 |
1,015 | 1,063,361 | ||||||
| 5.25%, 06/30/2047 |
26,800 | 27,609,419 | ||||||
| 5.25%, 06/30/2052 |
10,000 | 10,275,201 | ||||||
| 5.25%, 06/30/2055 |
21,720 | 22,254,885 | ||||||
| Maryland Health & Higher Educational Facilities Authority (Meritus Medical Center Obligated Group) |
3,245 | 3,366,323 | ||||||
33
| Principal Amount (000) |
U.S. $ Value | |||||||
| Maryland Health & Higher Educational Facilities Authority (TidalHealth Obligated Group) |
$ | 2,520 | $ | 2,553,718 | ||||
| 4.00%, 07/01/2037 |
2,575 | 2,594,752 | ||||||
| 4.00%, 07/01/2038 |
1,555 | 1,560,272 | ||||||
| 4.00%, 07/01/2040 |
1,645 | 1,637,430 | ||||||
| 5.00%, 07/01/2046 |
22,040 | 22,969,477 | ||||||
| Maryland Health & Higher Educational Facilities Authority (UPMC Obligated Group) |
3,140 | 3,192,543 | ||||||
| 4.00%, 04/15/2037(a) |
3,270 | 3,307,371 | ||||||
| 4.00%, 04/15/2038(a) |
3,405 | 3,433,212 | ||||||
| 4.00%, 04/15/2039(a) |
3,535 | 3,550,634 | ||||||
| 4.00%, 04/15/2040(a) |
3,180 | 3,169,335 | ||||||
| Maryland Stadium Authority (Baltimore City Public School Construction Financing Fund) |
29,840 | 33,543,287 | ||||||
|
|
|
|||||||
| 181,047,734 | ||||||||
|
|
|
|||||||
| Massachusetts – 0.5% |
||||||||
| Massachusetts Development Finance Agency (Emerson College) |
2,220 | 2,254,888 | ||||||
| Series 2017-A 5.00%, 01/01/2040 |
670 | 691,845 | ||||||
| Massachusetts Development Finance Agency (Emmanuel College/MA) |
1,760 | 1,790,294 | ||||||
| Massachusetts Development Finance Agency (Lasell University) |
250 | 244,745 | ||||||
| 4.00%, 07/01/2028 |
325 | 315,738 | ||||||
| 4.00%, 07/01/2029 |
340 | 327,670 | ||||||
| 4.00%, 07/01/2040 |
3,005 | 2,530,839 | ||||||
| 4.00%, 07/01/2045 |
2,200 | 1,751,231 | ||||||
| Massachusetts Development Finance Agency (Merrimack College) |
1,150 | 1,174,096 | ||||||
| Massachusetts Development Finance Agency (Salem Community Corp. Obligated Group) |
2,680 | 2,449,699 | ||||||
| Massachusetts Development Finance Agency (Simmons University) |
1,360 | 1,457,086 | ||||||
| 5.00%, 10/01/2035 |
1,000 | 1,062,899 | ||||||
34
| Principal Amount (000) |
U.S. $ Value | |||||||
| Massachusetts Development Finance Agency (South Shore Hospital, Inc. Obligated Group) |
$ | 1,350 | $ | 1,426,933 | ||||
| 5.00%, 07/01/2041 |
2,500 | 2,556,716 | ||||||
| Massachusetts Development Finance Agency (Springfield College) |
4,000 | 3,423,482 | ||||||
| 5.00%, 06/01/2026 |
420 | 441,970 | ||||||
| 5.00%, 06/01/2027 |
445 | 474,156 | ||||||
| 5.00%, 06/01/2028 |
1,850 | 1,990,797 | ||||||
| Series 2021-B |
2,300 | 2,289,295 | ||||||
| 4.00%, 06/01/2050 |
1,700 | 1,496,865 | ||||||
| Massachusetts Development Finance Agency (UMass Memorial Health Care Obligated Group) |
1,480 | 1,527,814 | ||||||
| 5.00%, 07/01/2046 |
2,500 | 2,552,667 | ||||||
| Massachusetts Development Finance Agency (Wellforce Obligated Group) |
2,550 | 2,508,877 | ||||||
| Series 2019-A |
1,000 | 1,025,625 | ||||||
| 5.00%, 07/01/2044 |
4,000 | 4,000,000 | ||||||
| Massachusetts Port Authority |
2,260 | 2,379,863 | ||||||
|
|
|
|||||||
| 44,146,090 | ||||||||
|
|
|
|||||||
| Michigan – 1.3% |
||||||||
| City of Detroit MI |
10,000 | 7,523,015 | ||||||
| Series 2018 |
1,000 | 1,045,917 | ||||||
| 5.00%, 04/01/2034 |
1,250 | 1,303,160 | ||||||
| 5.00%, 04/01/2038 |
2,135 | 2,171,137 | ||||||
| Series 2020 |
1,690 | 1,748,584 | ||||||
| 5.50%, 04/01/2050 |
2,170 | 2,233,426 | ||||||
| Series 2021-A |
1,100 | 1,121,615 | ||||||
| 5.00%, 04/01/2046 |
2,030 | 2,011,073 | ||||||
| Grand Rapids Economic Development Corp. (Beacon Hill at Eastgate) |
1,055 | 991,986 | ||||||
| 5.00%, 11/01/2037 |
600 | 543,401 | ||||||
| Great Lakes Water Authority Water Supply System Revenue |
1,025 | 1,067,724 | ||||||
| Series 2016-D |
25,210 | 26,673,468 | ||||||
35
| Principal Amount (000) |
U.S. $ Value | |||||||
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo Obligated Group) |
$ | 1,100 | $ | 1,013,208 | ||||
| Series 2020 |
6,860 | 5,724,802 | ||||||
| Kalamazoo Hospital Finance Authority |
|
10 |
|
|
10,519 |
| ||
| 4.00%, 05/15/2032 (Pre-refunded/ETM) |
20 | 21,039 | ||||||
| 4.00%, 05/15/2033 (Pre-refunded/ETM) |
30 | 31,558 | ||||||
| 4.00%, 05/15/2036 (Pre-refunded/ETM) |
65 | 68,376 | ||||||
| Michigan Finance Authority (Albion College) |
2,120 | 1,851,092 | ||||||
| 4.00%, 12/01/2051 |
2,165 | 1,835,176 | ||||||
| Michigan Finance Authority (Great Lakes Water Authority Water Supply System Revenue) |
1,100 | 1,132,445 | ||||||
| 5.00%, 07/01/2034 |
1,000 | 1,026,131 | ||||||
| Series 2015-D1 |
2,000 | 2,085,563 | ||||||
| Series 2015-D2 |
3,400 | 3,545,457 | ||||||
| Michigan Finance Authority (Henry Ford Health System Obligated Group) |
3,850 | 4,126,686 | ||||||
| Series 2019-A |
6,635 | 6,873,517 | ||||||
| Michigan Finance Authority (Michigan Finance Authority Tobacco Settlement Revenue) |
5,000 | 4,516,199 | ||||||
| Michigan Finance Authority (Public Lighting Authority) |
1,450 | 1,474,427 | ||||||
| 5.00%, 07/01/2032 |
3,000 | 3,048,903 | ||||||
| 5.00%, 07/01/2033 |
3,500 | 3,554,743 | ||||||
| Michigan Strategic Fund (Michigan Strategic Fund - I 75 Improvement Project) |
8,600 | 8,714,705 | ||||||
| Michigan Tobacco Settlement Finance Authority (Tobacco Settlement Financing Corp./MI) |
241,050 | 10,051,906 | ||||||
| Wayne State University |
4,000 | 4,265,508 | ||||||
|
|
|
|||||||
| 113,406,466 | ||||||||
|
|
|
|||||||
36
| Principal Amount (000) |
U.S. $ Value | |||||||
| Minnesota – 0.3% |
||||||||
| City of Ramsey MN (Pact Charter School) |
$ | 11,800 | $ | 11,811,868 | ||||
| City of Wayzata MN (Wayzata Bay Senior Housing, Inc.) |
1,000 | 946,980 | ||||||
| Duluth Economic Development Authority (Essentia Health Obligated Group) |
2,500 | 2,592,939 | ||||||
| 5.00%, 02/15/2048 |
425 | 438,764 | ||||||
| Housing & Redevelopment Authority of The City of St. Paul Minnesota (Hmong College Prep Academy) |
1,390 | 1,350,363 | ||||||
| Minnesota Higher Education Facilities Authority (College of St. Scholastica, Inc.) |
3,850 | 3,510,824 | ||||||
| Minnesota Higher Education Facilities Authority (St. Catherine University) |
1,900 | 1,972,044 | ||||||
|
|
|
|||||||
| 22,623,782 | ||||||||
|
|
|
|||||||
| Mississippi – 0.6% |
||||||||
| Mississippi Business Finance Corp. (Alden Group Renewable Energy Mississippi LLC) |
14,500 | 14,516,559 | ||||||
| Mississippi Business Finance Corp. (Enviva, Inc.) |
8,155 | 8,243,280 | ||||||
| Mississippi Development Bank (Magnolia Regional Health Center) |
2,500 | 2,173,270 | ||||||
| 5.00%, 10/01/2024(c) |
880 | 899,910 | ||||||
| 5.00%, 10/01/2026(c) |
1,700 | 1,772,007 | ||||||
| 5.00%, 10/01/2027(c) |
900 | 947,429 | ||||||
| 5.00%, 10/01/2028(c) |
1,900 | 2,017,378 | ||||||
| 5.00%, 10/01/2033(c) |
2,270 | 2,432,149 | ||||||
| Mississippi Hospital Equipment & Facilities Authority (Baptist Memorial Health Care Obligated Group) |
1,645 | 1,691,255 | ||||||
| 5.00%, 09/01/2041 |
12,130 | 12,289,039 | ||||||
| 5.00%, 09/01/2046 |
6,135 | 6,183,039 | ||||||
37
| Principal Amount (000) |
U.S. $ Value | |||||||
| Mississippi Hospital Equipment & Facilities Authority (Forrest General Hospital, Inc.) |
$ | 720 | $ | 730,167 | ||||
| 5.00%, 01/01/2035 |
1,230 | 1,347,256 | ||||||
|
|
|
|||||||
| 55,242,738 | ||||||||
|
|
|
|||||||
| Missouri – 1.0% |
||||||||
| Cape Girardeau County Industrial Development Authority (SoutheastHEALTH Obligated Group) |
2,810 | 2,914,632 | ||||||
| Series 2021 |
1,170 | 1,069,496 | ||||||
| Health & Educational Facilities Authority of the State of Missouri (Lutheran Senior Services Obligated Group) |
1,000 | 957,830 | ||||||
| Series 2019 |
18,770 | 15,691,776 | ||||||
| 4.00%, 02/01/2048 |
21,850 | 17,527,183 | ||||||
| 5.00%, 02/01/2042 |
620 | 602,232 | ||||||
| 5.00%, 02/01/2048 |
2,600 | 2,478,792 | ||||||
| Kansas City Industrial Development Authority |
2,980 | 2,613,817 | ||||||
| Kansas City Industrial Development Authority (Kansas City United Methodist Retirement Home Obligated Group) |
1,601 | 1,422,471 | ||||||
| Series 2021-C |
1,279 | 1,007,451 | ||||||
| Kansas City Industrial Development Authority (Kingswood Senior Living Community) |
2,319 | 109,912 | ||||||
| 5.00%, 11/15/2046 |
5,196 | 3,980,574 | ||||||
| Lee’s Summit Industrial Development Authority (John Knox Village Obligated Group) |
2,330 | 2,204,306 | ||||||
| Series 2016-A |
1,300 | 1,217,256 | ||||||
| 5.00%, 08/15/2046 |
1,760 | 1,545,609 | ||||||
| 5.00%, 08/15/2051 |
1,000 | 861,725 | ||||||
| Series 2018 |
6,940 | 6,258,348 | ||||||
| Series 2021-A |
10,000 | 8,474,270 | ||||||
| Missouri Joint Municipal Electric Utility Commission |
3,240 | 3,355,692 | ||||||
38
| Principal Amount (000) |
U.S. $ Value | |||||||
| St. Louis County Industrial Development Authority (Friendship Village St. Louis Obligated Group) |
$ | 7,560 | $ | 6,977,619 | ||||
| St. Louis County Industrial Development Authority (St. Andrews Resources for Seniors Obligated Group) |
2,000 | 1,968,257 | ||||||
| 5.125%, 12/01/2045 |
4,500 | 4,298,619 | ||||||
|
|
|
|||||||
| 87,537,867 | ||||||||
|
|
|
|||||||
| Montana – 0.0% |
||||||||
| Montana Facility Finance Authority (Benefis Health System Obligated Group) |
1,085 | 1,145,722 | ||||||
|
|
|
|||||||
| Nebraska – 0.2% |
||||||||
| Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) |
1,510 | 1,677,918 | ||||||
| 5.00%, 09/01/2036 |
13,035 | 14,210,300 | ||||||
| 5.00%, 09/01/2037 |
5,410 | 5,847,360 | ||||||
|
|
|
|||||||
| 21,735,578 | ||||||||
|
|
|
|||||||
| Nevada – 0.5% |
||||||||
| Carson City NV (Carson Tahoe Regional Healthcare) |
1,160 | 1,201,193 | ||||||
| 5.00%, 09/01/2047 |
2,775 | 2,857,686 | ||||||
| City of Reno NV (County of Washoe NV Sales Tax Revenue) |
25,500 | 3,237,432 | ||||||
| City of Sparks NV (City of Sparks NV Sales Tax) |
3,540 | 3,216,418 | ||||||
| Clark County School District |
5,775 | 6,381,548 | ||||||
| 5.00%, 06/15/2034 |
5,000 | 5,491,597 | ||||||
| 5.00%, 06/15/2035 |
2,635 | 2,880,267 | ||||||
| 5.00%, 06/15/2036 |
3,700 | 3,706,923 | ||||||
| AGM Series 2019-B |
5,185 | 4,636,043 | ||||||
| Las Vegas Redevelopment Agency |
1,800 | 1,856,886 | ||||||
| State of Nevada Department of Business & Industry (Fulcrum Sierra Biofuels LLC) |
1,890 | 1,725,799 | ||||||
39
| Principal Amount (000) |
U.S. $ Value | |||||||
| Tahoe-Douglas Visitors Authority |
$ | 2,250 | $ | 2,296,438 | ||||
| 5.00%, 07/01/2045 |
2,800 | 2,843,415 | ||||||
| 5.00%, 07/01/2051 |
3,000 | 3,025,141 | ||||||
|
|
|
|||||||
| 45,356,786 | ||||||||
|
|
|
|||||||
| New Hampshire – 0.3% |
||||||||
| New Hampshire Business Finance Authority |
25,000 | 611,665 | ||||||
| New Hampshire Business Finance Authority (Covanta Holding Corp.) |
1,960 | 1,551,465 | ||||||
| Series 2020-B |
3,525 | 2,839,232 | ||||||
| New Hampshire Health and Education Facilities Authority Act (Dartmouth-Hitchcock Obligated Group) |
18,120 | 19,773,419 | ||||||
|
|
|
|||||||
| 24,775,781 | ||||||||
|
|
|
|||||||
| New Jersey – 5.5% |
||||||||
| Camden County Improvement Authority (The) (KIPP Cooper Norcross Obligated Group) |
1,030 | 1,108,334 | ||||||
| 6.00%, 06/15/2062 |
5,075 | 5,367,897 | ||||||
| Essex County Improvement Authority (North Star Academy Charter School of Newark, Inc.) |
1,260 | 1,095,274 | ||||||
| New Jersey Economic Development Authority |
3,455 | 3,462,153 | ||||||
| Series 2017-D |
2,870 | 3,099,924 | ||||||
| 5.00%, 06/15/2042 |
4,650 | 4,811,098 | ||||||
| Series 2018-A |
4,385 | 4,552,659 | ||||||
| 5.00%, 06/15/2047 |
1,500 | 1,552,548 | ||||||
| Series 2021-Q |
1,050 | 1,056,567 | ||||||
| New Jersey Economic Development Authority (Lutheran Social Ministries at Crane’s Mill, Inc.) |
1,500 | 1,436,617 | ||||||
| 5.00%, 01/01/2039 |
2,500 | 2,301,184 | ||||||
| 5.00%, 01/01/2049 |
1,000 | 861,100 | ||||||
| New Jersey Economic Development Authority (New Jersey Transit Corp. State Lease) |
3,450 | 3,347,158 | ||||||
| 5.00%, 11/01/2033 |
3,770 | 4,215,134 | ||||||
40
| Principal Amount (000) |
U.S. $ Value | |||||||
| New Jersey Economic Development Authority (NYNJ Link Borrower LLC) |
$ | 6,045 | $ | 6,115,623 | ||||
| New Jersey Economic Development Authority (Port Newark Container Terminal LLC) |
3,450 | 3,508,569 | ||||||
| 5.00%, 10/01/2047 |
7,210 | 7,242,240 | ||||||
| New Jersey Economic Development Authority (State of New Jersey Department of the Treasury Lease) |
2,990 | 3,404,179 | ||||||
| 5.00%, 06/15/2035 |
2,750 | 3,030,689 | ||||||
| 5.00%, 06/15/2037 |
2,000 | 2,156,752 | ||||||
| New Jersey Economic Development Authority (State of New Jersey Division of Property Management & Construction Lease) |
7,085 | 7,355,892 | ||||||
| New Jersey Economic Development Authority (State of New Jersey Motor Vehicle Surcharge Revenue Lease) |
1,640 | 1,760,552 | ||||||
| New Jersey Economic Development Authority (UMM Energy Partners LLC) |
735 | 735,293 | ||||||
| New Jersey Economic Development Authority (United Airlines, Inc.) |
8,270 | 8,357,373 | ||||||
| Series 2014-B |
1,475 | 1,509,963 | ||||||
| New Jersey Educational Facilities Authority (Stevens Institute of Technology International, Inc.) |
1,805 | 1,648,165 | ||||||
| 5.00%, 07/01/2045 |
4,460 | 4,633,631 | ||||||
| New Jersey Health Care Facilities Financing Authority |
1,070 | 1,145,913 | ||||||
| New Jersey Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group) |
1,300 | 1,412,179 | ||||||
| New Jersey Health Care Facilities Financing Authority (Inspira Health Obligated Group) |
1,000 | 1,056,180 | ||||||
| 5.00%, 07/01/2042 |
7,645 | 7,899,952 | ||||||
41
| Principal Amount (000) |
U.S. $ Value | |||||||
| New Jersey Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group) |
$ | 2,040 | $ | 2,072,471 | ||||
| New Jersey Transportation Trust Fund Authority |
1,000 | 1,012,533 | ||||||
| Series 2015-A |
8,450 | 8,604,592 | ||||||
| Series 2018-A |
2,000 | 2,239,639 | ||||||
| 5.00%, 12/15/2032 |
1,000 | 1,111,372 | ||||||
| 5.00%, 12/15/2033 |
29,040 | 32,049,639 | ||||||
| 5.00%, 12/15/2034 |
7,135 | 7,799,970 | ||||||
| 5.00%, 12/15/2035 |
5,230 | 5,668,239 | ||||||
| 5.00%, 12/15/2036 |
10,000 | 10,738,835 | ||||||
| Series 2019 |
1,000 | 1,096,974 | ||||||
| 5.00%, 06/15/2038 |
2,670 | 2,836,108 | ||||||
| 5.00%, 12/15/2039 |
2,500 | 2,661,398 | ||||||
| 5.00%, 06/15/2046 |
2,325 | 2,422,186 | ||||||
| Series 2019-B |
770 | 777,324 | ||||||
| 5.00%, 06/15/2032 |
3,480 | 3,871,549 | ||||||
| Series 2021-A |
3,070 | 3,545,753 | ||||||
| 5.00%, 06/15/2033 |
2,565 | 2,936,431 | ||||||
| Series 2022-A |
7,500 | 8,607,153 | ||||||
| 5.00%, 06/15/2032 |
7,500 | 8,783,343 | ||||||
| 5.00%, 06/15/2033 |
4,615 | 5,352,486 | ||||||
| New Jersey Transportation Trust Fund Authority (New Jersey Transportation Fed Hwy Grant) |
3,130 | 3,226,550 | ||||||
| 5.00%, 06/15/2027 |
1,000 | 1,078,260 | ||||||
| 5.00%, 06/15/2028 |
21,660 | 23,336,828 | ||||||
| 5.00%, 06/15/2029 |
13,435 | 14,451,704 | ||||||
| 5.00%, 06/15/2030 |
6,000 | 6,437,204 | ||||||
| Series 2018-A |
1,910 | 2,054,541 | ||||||
| 5.00%, 06/15/2030 |
24,975 | 26,794,861 | ||||||
| 5.00%, 06/15/2031 |
12,000 | 12,842,040 | ||||||
| New Jersey Turnpike Authority |
8,400 | 8,805,581 | ||||||
| 5.00%, 01/01/2045 |
7,000 | 7,200,551 | ||||||
| Series 2017-B |
8,540 | 9,603,792 | ||||||
| 5.00%, 01/01/2033 |
5,000 | 5,598,473 | ||||||
| Series 2019-A |
11,320 | 12,040,507 | ||||||
| South Jersey Transportation Authority |
5,000 | 5,085,724 | ||||||
| Tobacco Settlement Financing Corp./NJ |
1,425 | 1,537,835 | ||||||
| Series 2018-B |
131,000 | 132,270,268 | ||||||
|
|
|
|||||||
| 487,793,506 | ||||||||
|
|
|
|||||||
42
| Principal Amount (000) |
U.S. $ Value | |||||||
| New Mexico – 0.2% |
||||||||
| City of Santa Fe NM (El Castillo Retirement Residences Obligated Group) |
$ | 480 | $ | 437,954 | ||||
| 5.00%, 05/15/2044 |
500 | 435,420 | ||||||
| 5.00%, 05/15/2049 |
1,200 | 1,015,656 | ||||||
| New Mexico Hospital Equipment Loan Council (Haverland Carter Lifestyle Obligated Group) |
1,875 | 1,664,671 | ||||||
| 5.00%, 07/01/2049 |
17,260 | 14,389,443 | ||||||
| Winrock Town Center Tax Increment Development District No. 1 |
2,750 | 2,338,238 | ||||||
|
|
|
|||||||
| 20,281,382 | ||||||||
|
|
|
|||||||
| New York – 7.7% |
||||||||
| Build NYC Resource Corp. (Albert Einstein College of Medicine, Inc.) |
33,290 | 33,678,771 | ||||||
| Build NYC Resource Corp. (Integration Charter Schools) |
355 | 338,628 | ||||||
| Build NYC Resource Corp. (Kipp NYC Public Charter Schools) |
2,000 | 2,105,968 | ||||||
| 5.25%, 07/01/2057 |
2,000 | 2,090,669 | ||||||
| 5.25%, 07/01/2062 |
2,500 | 2,592,101 | ||||||
| Build NYC Resource Corp. (Metropolitan College of New York) |
2,240 | 2,228,172 | ||||||
| City of New York NY |
7,500 | 8,183,929 | ||||||
| 5.00%, 03/01/2038(a) |
10,000 | 10,878,511 | ||||||
| Series 2020-A |
2,875 | 3,418,574 | ||||||
| 5.00%, 08/01/2033 |
1,500 | 1,772,326 | ||||||
| Dutchess County Local Development Corp. (Bard College) |
11,500 | 11,241,781 | ||||||
| 5.00%, 07/01/2051(c) |
13,000 | 12,485,279 | ||||||
| Dutchess County Local Development Corp. (Nuvance Health Obligated Group) |
13,520 | 13,684,967 | ||||||
43
| Principal Amount (000) |
U.S. $ Value | |||||||
| Hempstead Town Local Development Corp. (Evergreen Charter School, Inc.) |
$ | 10,000 | $ | 9,940,043 | ||||
| 5.50%, 06/15/2057 |
7,350 | 7,408,351 | ||||||
| Metropolitan Transportation Authority |
2,000 | 2,002,936 | ||||||
| Series 2013-E |
4,425 | 4,467,582 | ||||||
| Series 2015-B |
3,715 | 3,798,860 | ||||||
| Series 2015-C |
1,110 | 1,144,959 | ||||||
| 5.25%, 11/15/2030 |
4,000 | 4,145,740 | ||||||
| Series 2015-D |
1,350 | 1,388,557 | ||||||
| 5.00%, 11/15/2032 |
5,135 | 5,278,926 | ||||||
| 5.00%, 11/15/2034 |
5,430 | 5,566,327 | ||||||
| Series 2016-A |
2,150 | 2,289,285 | ||||||
| 5.00%, 11/15/2032 |
3,440 | 3,562,972 | ||||||
| Series 2016-C |
1,705 | 1,752,023 | ||||||
| Series 2016-D |
5,695 | 5,999,734 | ||||||
| 5.00%, 11/15/2029 |
1,750 | 1,839,363 | ||||||
| Series 2017-A |
1,525 | 1,623,795 | ||||||
| Series 2017-B |
1,185 | 1,275,848 | ||||||
| Series 2017-C |
1,450 | 1,524,422 | ||||||
| 5.00%, 11/15/2026 |
2,340 | 2,491,594 | ||||||
| 5.00%, 11/15/2028 |
12,930 | 13,739,079 | ||||||
| 5.00%, 11/15/2029 |
16,435 | 17,447,179 | ||||||
| 5.00%, 11/15/2033 |
2,020 | 2,132,488 | ||||||
| 5.00%, 11/15/2034 |
6,810 | 7,172,568 | ||||||
| Series 2017-D |
1,000 | 927,463 | ||||||
| Series 2018-B |
1,340 | 1,447,502 | ||||||
| Series 2019-A |
3,075 | 3,151,505 | ||||||
| Series 2019-C |
380 | 399,151 | ||||||
| Series 2020-A |
1,625 | 1,437,860 | ||||||
| 5.00%, 11/15/2045 |
4,740 | 5,177,591 | ||||||
| 5.00%, 11/15/2047 |
2,630 | 2,701,343 | ||||||
| 5.00%, 11/15/2049 |
2,000 | 2,049,478 | ||||||
| Series 2020-C |
34,875 | 34,781,141 | ||||||
| 5.00%, 11/15/2050 |
8,750 | 8,964,000 | ||||||
| 5.25%, 11/15/2055 |
2,000 | 2,076,681 | ||||||
| Series 2020-D |
2,345 | 2,109,116 | ||||||
| 4.00%, 11/15/2048 |
7,150 | 6,403,034 | ||||||
44
| Principal Amount (000) |
U.S. $ Value | |||||||
| 4.00%, 11/15/2049 |
$ | 6,425 | $ | 5,734,772 | ||||
| 5.00%, 11/15/2043 |
5,000 | 5,188,895 | ||||||
| Series 2020-E |
3,000 | 2,734,805 | ||||||
| 5.00%, 11/15/2029 |
1,800 | 1,953,433 | ||||||
| 5.00%, 11/15/2030 |
2,345 | 2,552,571 | ||||||
| 5.00%, 11/15/2032 |
1,250 | 1,367,700 | ||||||
| 5.00%, 11/15/2033 |
1,500 | 1,634,178 | ||||||
| Series 2021-A |
2,000 | 1,855,623 | ||||||
| 4.00%, 11/15/2043 |
2,000 | 1,847,954 | ||||||
| 4.00%, 11/15/2044 |
2,500 | 2,294,087 | ||||||
| 4.00%, 11/15/2046 |
3,840 | 3,477,067 | ||||||
| 4.00%, 11/15/2047 |
10,000 | 8,994,096 | ||||||
| 4.00%, 11/15/2048 |
1,285 | 1,150,755 | ||||||
| 4.00%, 11/15/2050 |
8,000 | 7,117,545 | ||||||
| Monroe County Industrial Development Corp./NY (St Ann’s of Greater Rochester Obligated Group) |
6,520 | 5,369,504 | ||||||
| Monroe County Industrial Development Corp./NY (True North Rochester Prep Charter School) |
1,080 | 1,086,987 | ||||||
| Monroe County Industrial Development Corp/NY (Academy of Health Sciences Charter School) |
2,000 | 2,004,177 | ||||||
| 6.00%, 07/01/2057(c) |
1,615 | 1,618,350 | ||||||
| Nassau County Industrial Development Agency (Amsterdam House Continuing Care Retirement Community, Inc.) |
525 | 258,854 | ||||||
| 9.00%, 01/01/2041(c) |
270 | 226,813 | ||||||
| New York City Housing Development Corp. |
3,645 | 2,933,768 | ||||||
| New York City Transitional Finance Authority Future Tax Secured Revenue |
13,000 | 12,023,404 | ||||||
| 3.85%, 02/01/2034 |
3,955 | 3,654,858 | ||||||
| New York Counties Tobacco Trust V |
30,000 | 4,365,354 | ||||||
| New York Liberty Development Corp. (Goldman Sachs Headquarters LLC) |
5,765 | 6,639,084 | ||||||
| New York Liberty Development Corp. (One Bryant Park LLC) |
2,620 | 2,402,822 | ||||||
| New York State Dormitory Authority |
1,200 | 1,234,085 | ||||||
45
| Principal Amount (000) |
U.S. $ Value | |||||||
| 5.00%, 12/01/2031(c) |
$ | 1,000 | $ | 1,027,650 | ||||
| 5.00%, 12/01/2034(c) |
2,000 | 2,028,825 | ||||||
| New York State Dormitory Authority (Montefiore Obligated Group) |
2,085 | 2,130,501 | ||||||
| New York State Dormitory Authority (State of New York Pers Income Tax) |
13,000 | 10,586,897 | ||||||
| 2.252%, 03/15/2032(a) |
13,000 | 10,985,918 | ||||||
| New York State Dormitory Authority |
14,965 | 14,976,231 | ||||||
| New York State Thruway Authority (New York State Thruway Authority Gen Toll Road) |
3,800 | 3,969,113 | ||||||
| New York Transportation Development Corp. (Delta Air Lines, Inc.) |
17,365 | 18,030,536 | ||||||
| 5.00%, 01/01/2028 |
15,300 | 16,026,583 | ||||||
| 5.00%, 01/01/2029 |
18,660 | 19,542,196 | ||||||
| Series 2020 |
19,325 | 19,373,438 | ||||||
| 4.375%, 10/01/2045 |
43,850 | 41,529,261 | ||||||
| New York Transportation Development Corp. (Empire State Thruway Partners LLC) |
2,670 | 2,281,882 | ||||||
| New York Transportation Development Corp. (JFK International Air Terminal LLC) |
10,000 | 10,493,315 | ||||||
| 5.00%, 12/01/2039 |
2,500 | 2,608,744 | ||||||
| 5.00%, 12/01/2041 |
1,500 | 1,549,626 | ||||||
| New York Transportation Development Corp. (Laguardia Gateway Partners LLC) |
15,840 | 15,929,990 | ||||||
| 5.00%, 07/01/2046 |
17,215 | 17,223,542 | ||||||
| 5.25%, 01/01/2050 |
13,885 | 13,924,020 | ||||||
| Niagara Area Development Corp. (Covanta Holding Corp.) |
6,045 | 5,502,539 | ||||||
| Orange County Funding Corp. (The Hamlet at Wallkill) |
1,020 | 834,797 | ||||||
| Port Authority of New York & New Jersey |
5,000 | 5,073,972 | ||||||
46
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2021 |
$ | 10,000 | $ | 7,153,829 | ||||
| Triborough Bridge & Tunnel Authority |
10,000 | 11,175,414 | ||||||
| Series 2020-A |
3,000 | 3,251,166 | ||||||
| Triborough Bridge & Tunnel Authority (Metropolitan Transportation Authority Payroll Mobility Tax Revenue) |
4,000 | 3,114,233 | ||||||
| 2.917%, 05/15/2040(a) |
10,000 | 7,562,237 | ||||||
| Series 2022-C |
10,000 | 11,000,098 | ||||||
| 5.25%, 05/15/2052(a) |
10,000 | 11,223,920 | ||||||
| TSASC, Inc./NY |
1,560 | 1,601,228 | ||||||
| Ulster County Capital Resource Corp. (Woodland Pond at New Paltz) |
860 | 712,350 | ||||||
| 5.25%, 09/15/2042 |
365 | 296,377 | ||||||
| 5.25%, 09/15/2047 |
625 | 487,127 | ||||||
| 5.25%, 09/15/2053 |
1,340 | 1,008,071 | ||||||
| Westchester County Local Development Corp. (Purchase Senior Learning Community Obligated Group) |
6,790 | 6,607,496 | ||||||
| Westchester County Local Development Corp. (Westchester County Health Care Corp. Obligated Group) |
7,055 | 6,836,765 | ||||||
| Western Regional Off-Track Betting Corp. |
1,070 | 977,642 | ||||||
|
|
|
|||||||
| 684,677,242 | ||||||||
|
|
|
|||||||
| North Carolina – 0.3% |
||||||||
| Fayetteville State University |
415 | 442,678 | ||||||
| 5.00%, 04/01/2028(c) |
455 | 491,123 | ||||||
| 5.00%, 04/01/2029(c) |
500 | 545,786 | ||||||
| 5.00%, 04/01/2030(c) |
545 | 599,636 | ||||||
| 5.00%, 04/01/2031(c) |
600 | 664,865 | ||||||
| 5.00%, 04/01/2034(c) |
770 | 860,545 | ||||||
| 5.00%, 04/01/2036(c) |
900 | 981,704 | ||||||
| 5.00%, 04/01/2037(c) |
970 | 1,047,475 | ||||||
| 5.00%, 04/01/2040(c) |
1,205 | 1,279,219 | ||||||
| 5.00%, 04/01/2042(c) |
1,380 | 1,453,650 | ||||||
47
| Principal Amount (000) |
U.S. $ Value | |||||||
| Greater Asheville Regional Airport Authority |
$ | 2,880 | $ | 3,186,020 | ||||
| 5.50%, 07/01/2052 |
5,000 | 5,496,376 | ||||||
| North Carolina Medical Care Commission (Aldersgate United Methodist Retirement Community, Inc.) |
5,000 | 4,568,667 | ||||||
| 5.00%, 07/01/2045 |
1,000 | 899,154 | ||||||
| North Carolina Medical Care Commission (Pennybyrn at Maryfield) |
2,250 | 2,251,980 | ||||||
| North Carolina Medical Care Commission (Sharon Towers) |
1,000 | 955,653 | ||||||
| North Carolina Turnpike Authority |
5,000 | 5,275,167 | ||||||
|
|
|
|||||||
| 30,999,698 | ||||||||
|
|
|
|||||||
| North Dakota – 0.2% |
| |||||||
| City of Grand Forks ND (Altru Health System Obligated Group) |
1,875 | 1,794,801 | ||||||
| 4.00%, 12/01/2041 |
1,865 | 1,748,478 | ||||||
| 5.00%, 12/01/2034 |
2,045 | 2,258,650 | ||||||
| County of Grand Forks ND (Red River Biorefinery LLC) |
5,195 | 2,857,250 | ||||||
| 7.00%, 12/15/2043(c) (d) (e) |
5,390 | 2,964,500 | ||||||
| County of Ward ND (Trinity Health Obligated Group) |
5,000 | 4,667,873 | ||||||
| 5.00%, 06/01/2053 |
5,230 | 4,824,671 | ||||||
|
|
|
|||||||
| 21,116,223 | ||||||||
|
|
|
|||||||
| Ohio – 4.0% |
| |||||||
| Akron Bath Copley Joint Township Hospital District (Summa Health System Obligated Group) |
4,500 | 3,570,874 | ||||||
| 4.00%, 11/15/2036 |
1,000 | 969,549 | ||||||
| 4.00%, 11/15/2037 |
800 | 760,559 | ||||||
| 4.00%, 11/15/2038 |
750 | 706,404 | ||||||
| American Municipal Power, Inc. |
6,000 | 6,223,473 | ||||||
| 5.00%, 02/15/2046 |
4,000 | 4,123,456 | ||||||
| Buckeye Tobacco Settlement Financing Authority |
10,000 | 9,191,558 | ||||||
| Series 2020-B |
175,755 | 167,585,451 | ||||||
48
| Principal Amount (000) |
U.S. $ Value | |||||||
| City of Chillicothe OH (Adena Health System Obligated Group) |
$ | 3,765 | $ | 3,924,327 | ||||
| 5.00%, 12/01/2047 |
3,735 | 3,762,467 | ||||||
| County of Allen/OH Hospital Facilities Revenue (Bon Secours Mercy Health, Inc.) |
10,390 | 10,302,091 | ||||||
| County of Cuyahoga OH (MetroHealth System (The)) |
6,490 | 6,569,223 | ||||||
| 5.00%, 02/15/2052 |
5,680 | 5,542,892 | ||||||
| 5.25%, 02/15/2047 |
12,860 | 12,987,171 | ||||||
| County of Franklin OH (First Community Village Obligated Group) |
3,855 | 3,315,292 | ||||||
| County of Hamilton OH (UC Health Obligated Group) |
18,425 | 18,623,925 | ||||||
| County of Hardin OH (Ohio Northern University) |
500 | 457,487 | ||||||
| 5.50%, 05/01/2050 |
1,000 | 901,126 | ||||||
| County of Marion OH (United Church Homes, Inc. Obligated Group) |
2,210 | 1,977,843 | ||||||
| County of Montgomery OH (Trousdale Foundation Obligated Group) |
2,000 | 700,000 | ||||||
| Series 2018-A |
10,105 | 3,536,750 | ||||||
| County of Ross OH (Adena Health System Obligated Group) |
6,000 | 6,029,496 | ||||||
| County of Washington OH (Marietta Area Health Care, Inc. Obligated Group) |
10,000 | 10,238,655 | ||||||
| 6.75%, 12/01/2052 |
31,710 | 32,203,747 | ||||||
| Ohio Air Quality Development Authority (American Electric Power Co., Inc.) |
1,030 | 937,071 | ||||||
| Ohio Air Quality Development Authority (Ohio Valley Electric Corp.) |
1,780 | 1,653,359 | ||||||
49
| Principal Amount (000) |
U.S. $ Value | |||||||
| Ohio Higher Educational Facility Commission (John Carroll University) |
$ | 6,000 | $ | 5,158,799 | ||||
| Ohio Higher Educational Facility Commission (Kenyon College) |
2,520 | 2,746,612 | ||||||
| 5.00%, 07/01/2039 |
2,635 | 2,859,142 | ||||||
| 5.00%, 07/01/2042 |
4,535 | 4,885,374 | ||||||
| Port of Greater Cincinnati Development Authority |
3,480 | 3,368,130 | ||||||
| Toledo-Lucas County Port Authority (ParkUToledo Inc) |
6,500 | 4,998,592 | ||||||
| Toledo-Lucas County Port Authority (ParkUToledo, Inc.) |
3,000 | 2,583,586 | ||||||
| 4.00%, 01/01/2043 |
2,000 | 1,691,205 | ||||||
| 4.00%, 01/01/2046 |
2,000 | 1,645,777 | ||||||
| 4.00%, 01/01/2051 |
8,500 | 6,692,116 | ||||||
|
|
|
|||||||
| 353,423,579 | ||||||||
|
|
|
|||||||
| Oklahoma – 1.0% |
| |||||||
| Oklahoma Development Finance Authority (Oklahoma City University Obligated Group) |
7,650 | 7,700,476 | ||||||
| 5.00%, 08/01/2049 |
12,780 | 12,805,809 | ||||||
| Oklahoma Development Finance Authority (OU Medicine Obligated Group) |
11,545 | 10,915,989 | ||||||
| 5.25%, 08/15/2048 |
7,500 | 6,890,354 | ||||||
| 5.50%, 08/15/2052 |
5,615 | 5,438,803 | ||||||
| 5.50%, 08/15/2057 |
21,080 | 20,203,030 | ||||||
| Series 2022-A |
10,000 | 9,758,204 | ||||||
| 5.50%, 08/15/2041 |
11,995 | 11,901,826 | ||||||
|
|
|
|||||||
| 85,614,491 | ||||||||
|
|
|
|||||||
| Oregon – 0.2% |
| |||||||
| Clackamas County Hospital Facility Authority (Rose Villa, Inc. Obligated Group) |
750 | 718,281 | ||||||
| 5.375%, 11/15/2055 |
2,940 | 2,724,985 | ||||||
| Medford Hospital Facilities Authority (Asante Health System Obligated Group) |
4,500 | 4,796,630 | ||||||
| 5.00%, 08/15/2050(a) |
5,500 | 5,826,036 | ||||||
| Oregon State Facilities Authority (Samaritan Health Services, Inc. Obligated Group) |
1,750 | 1,823,728 | ||||||
50
| Principal Amount (000) |
U.S. $ Value | |||||||
| Yamhill County Hospital Authority (Friendsview Manor Obligated Group) |
$ | 950 | $ | 879,364 | ||||
|
|
|
|||||||
| 16,769,024 | ||||||||
|
|
|
|||||||
| Pennsylvania – 6.3% |
| |||||||
| Allegheny County Hospital Development Authority (Allegheny Health Network Obligated Group) |
10,135 | 11,033,232 | ||||||
| 5.00%, 04/01/2035 |
12,500 | 13,507,659 | ||||||
| 5.00%, 04/01/2036 |
10,900 | 11,677,231 | ||||||
| Allentown Neighborhood Improvement Zone Development Authority |
2,270 | 2,136,071 | ||||||
| Series 2018 |
1,750 | 1,760,251 | ||||||
| 5.375%, 05/01/2042(c) |
2,500 | 2,449,244 | ||||||
| Series 2022 |
11,545 | 11,382,897 | ||||||
| Berks County Industrial Development Authority (Highlands at Wyomissing (The)) |
1,000 | 953,045 | ||||||
| Berks County Industrial Development Authority (Tower Health Obligated Group) |
8,925 | 6,172,946 | ||||||
| 5.00%, 11/01/2050 |
9,270 | 6,308,408 | ||||||
| Berks County Municipal Authority (The) (Tower Health Obligated Group) |
4,050 | 2,664,465 | ||||||
| Series 2020-B |
7,000 | 6,626,887 | ||||||
| Bucks County Industrial Development Authority (Grand View Hospital/Sellersville PA Obligated Group) |
7,550 | 5,803,430 | ||||||
| 5.00%, 07/01/2031 |
1,150 | 1,216,865 | ||||||
| 5.00%, 07/01/2054 |
5,000 | 4,642,422 | ||||||
| Chambersburg Area Municipal Authority (Wilson College) |
1,350 | 1,321,146 | ||||||
| 6.00%, 10/01/2048 |
9,000 | 8,952,454 | ||||||
| Chester County Industrial Development Authority (Collegium Charter School) |
1,075 | 1,082,743 | ||||||
| Chester County Industrial Development Authority (Woodlands at Greystone Neighborhood Improvement District) |
888 | 843,403 | ||||||
51
| Principal Amount (000) |
U.S. $ Value | |||||||
| City of Philadelphia PA |
$ | 6,000 | $ | 6,607,577 | ||||
| 5.00%, 08/01/2031 |
6,110 | 6,689,248 | ||||||
| Series 2017-A |
3,000 | 3,267,118 | ||||||
| 5.00%, 08/01/2034 |
10,000 | 10,869,689 | ||||||
| Series 2019-B |
3,300 | 3,620,903 | ||||||
| 5.00%, 02/01/2037 |
2,900 | 3,157,335 | ||||||
| 5.00%, 02/01/2038 |
2,700 | 2,927,608 | ||||||
| City of Philadelphia PA Water & Wastewater Revenue |
3,725 | 2,981,710 | ||||||
| 2.289%, 07/01/2033(a) |
3,060 | 2,419,992 | ||||||
| Series 2017-A |
3,805 | 4,170,950 | ||||||
| 5.00%, 10/01/2036 |
1,300 | 1,415,675 | ||||||
| Series 2021-B |
5,000 | 3,714,568 | ||||||
| Commonwealth of Pennsylvania (Commonwealth of Pennsylvania COP) |
1,120 | 1,219,581 | ||||||
| County of Lehigh PA (Lehigh Valley Health Network Obligated Group) |
10,000 | 10,043,363 | ||||||
| Series 2019 |
6,885 | 7,219,161 | ||||||
| Crawford County Hospital Authority (Meadville Medical Center Obligated Group) |
1,175 | 1,208,428 | ||||||
| 6.00%, 06/01/2051 |
2,200 | 2,248,060 | ||||||
| Cumberland County Municipal Authority (Asbury Pennsylvania Obligated Group) |
1,815 | 1,634,001 | ||||||
| Geisinger Authority (Geisinger Health System Obligated Group) |
20,385 | 19,574,645 | ||||||
| Series 2020 |
9,060 | 8,643,061 | ||||||
| Geisinger Pennsylvania Authority Health System |
10,000 | 10,347,184 | ||||||
| Lancaster County Hospital Authority/PA (St Anne’s Retirement Community Obligated Group) |
2,000 | 1,782,113 | ||||||
| 5.00%, 03/01/2050 |
500 | 418,294 | ||||||
| Series 2022 |
2,170 | 2,118,837 | ||||||
| Montgomery County Higher Education and Health Authority (HumanGood Pennsylvania Obligated Group) |
1,500 | 1,470,625 | ||||||
52
| Principal Amount (000) |
U.S. $ Value | |||||||
| Montgomery County Higher Education and Health Authority (Thomas Jefferson University Obligated Group) |
$ | 3,600 | $ | 3,884,499 | ||||
| Series 2019 |
2,300 | 2,352,517 | ||||||
| Series 2022 |
5,900 | 5,412,461 | ||||||
| 5.00%, 05/01/2057(a) |
16,395 | 16,884,128 | ||||||
| Montgomery County Industrial Development Authority/PA (ACTS Retirement-Life Communities, Inc. Obligated Group) |
500 | 431,139 | ||||||
| 5.00%, 11/15/2045 |
1,560 | 1,553,577 | ||||||
| Montgomery County Industrial Development Authority/PA (Whitemarsh Continuing Care Retirement Community) |
4,740 | 4,564,920 | ||||||
| Moon Industrial Development Authority (Baptist Homes Society Obligated Group) |
2,500 | 2,151,157 | ||||||
| Moon Industrial Development Authority (Baptist Homes Society) |
5,135 | 4,679,427 | ||||||
| 6.00%, 07/01/2045 |
2,600 | 2,265,619 | ||||||
| Northeastern Pennsylvania Hospital and Education Authority (Wilkes University) |
2,675 | 2,740,932 | ||||||
| Series 2016-B |
1,140 | 1,202,798 | ||||||
| 5.25%, 03/01/2037 |
1,170 | 1,212,830 | ||||||
| Pennsylvania Economic Development Financing Authority |
1,530 | 1,562,442 | ||||||
| 4.00%, 01/01/2029 |
450 | 462,182 | ||||||
| 4.00%, 01/01/2030 |
400 | 410,993 | ||||||
| 4.00%, 01/01/2032 |
800 | 820,887 | ||||||
| Pennsylvania Economic Development Financing Authority (Commonwealth of Pennsylvania Department of Transportation) |
11,000 | 12,173,160 | ||||||
| 6.00%, 06/30/2061 |
16,100 | 17,850,505 | ||||||
| AGM Series 2022 |
18,000 | 18,815,332 | ||||||
| 5.75%, 12/31/2062(a) |
12,500 | 13,727,561 | ||||||
53
| Principal Amount (000) |
U.S. $ Value | |||||||
| Pennsylvania Economic Development Financing Authority (Covanta Holding Corp.) |
$ | 2,330 | $ | 1,766,256 | ||||
| Pennsylvania Economic Development Financing Authority (Iron Cumberland LLC) |
31,570 | 31,030,042 | ||||||
| Pennsylvania Economic Development Financing Authority |
2,830 | 2,891,355 | ||||||
| Pennsylvania Economic Development Financing Authority (UPMC Obligated Group) |
2,755 | 2,797,616 | ||||||
| 4.00%, 04/15/2037(a) |
3,400 | 3,438,856 | ||||||
| 4.00%, 04/15/2038(a) |
5,000 | 5,041,427 | ||||||
| 4.00%, 04/15/2039(a) |
5,000 | 5,022,113 | ||||||
| Series 2020-A1 |
8,375 | 8,346,912 | ||||||
| Pennsylvania Higher Educational Facilities Authority (Drexel University) |
1,000 | 1,060,578 | ||||||
| Pennsylvania Turnpike Commission |
26,610 | 28,967,704 | ||||||
| Series 2016 |
4,000 | 4,207,130 | ||||||
| Series 2017-B |
7,850 | 8,384,769 | ||||||
| 5.00%, 06/01/2036 |
5,000 | 5,310,409 | ||||||
| Series 2018-A |
10,000 | 10,717,141 | ||||||
| Series 2019-A |
5,435 | 5,903,407 | ||||||
| 5.00%, 12/01/2044 |
3,745 | 3,989,687 | ||||||
| Philadelphia Authority for Industrial Development (City of Philadelphia PA) |
||||||||
| Series 2018 5.00%, 05/01/2035 |
1,000 | 1,094,692 | ||||||
| Philadelphia Authority for Industrial Development (MaST Community Charter School II) |
600 | 616,727 | ||||||
| 5.00%, 08/01/2050 |
1,425 | 1,448,314 | ||||||
| Philadelphia Authority for Industrial Development (MaST Community Charter School III) |
5,000 | 5,081,805 | ||||||
| 5.00%, 08/01/2054 |
3,560 | 3,595,605 | ||||||
54
| Principal Amount (000) |
U.S. $ Value | |||||||
| Philadelphia Authority for Industrial Development (Philadelphia Performing Arts Charter School) |
||||||||
| Series 2020 |
$ | 1,485 | $ | 1,489,056 | ||||
| 5.00%, 06/15/2050(c) |
6,285 | 6,022,592 | ||||||
| Philadelphia Gas Works Co. |
5,000 | 5,196,807 | ||||||
| School District of Philadelphia (The) |
1,615 | 1,695,671 | ||||||
| 5.00%, 09/01/2035 |
1,000 | 1,048,427 | ||||||
| Series 2016-F |
3,000 | 3,193,594 | ||||||
| 5.00%, 09/01/2036 |
1,000 | 1,052,041 | ||||||
| Series 2018-A |
1,000 | 1,104,559 | ||||||
| 5.00%, 09/01/2036 |
1,000 | 1,089,389 | ||||||
| 5.00%, 09/01/2037 |
1,000 | 1,084,377 | ||||||
| 5.00%, 09/01/2038 |
1,000 | 1,080,871 | ||||||
| Series 2018-B |
3,000 | 3,205,303 | ||||||
| Series 2019-A |
2,230 | 2,281,735 | ||||||
| 4.00%, 09/01/2038 |
1,700 | 1,730,488 | ||||||
| 4.00%, 09/01/2039 |
1,600 | 1,620,688 | ||||||
| 5.00%, 09/01/2044(a) |
17,900 | 19,301,531 | ||||||
| Scranton-Lackawanna Health and Welfare Authority (Scranton Parking System Concession Project) |
6,765 | 4,291,337 | ||||||
| 5.00%, 01/01/2057(c) |
5,345 | 3,273,226 | ||||||
| Series 2016-B |
480 | 456,060 | ||||||
| Series 2016-C |
2,945 | 963,825 | ||||||
| Series 2016-D |
58,055 | 3,483,300 | ||||||
| State Public School Building Authority |
1,365 | 1,459,597 | ||||||
| 5.00%, 12/01/2029 (Pre-refunded/ETM) |
220 | 242,185 | ||||||
| 5.00%, 12/01/2030 |
7,160 | 7,648,184 | ||||||
| Union County Hospital Authority (Evangelical Community Hospital Obligated Group) |
2,685 | 2,832,795 | ||||||
| 5.00%, 08/01/2043 |
5,750 | 5,960,572 | ||||||
|
|
|
|||||||
| 558,984,346 | ||||||||
|
|
|
|||||||
55
| Principal Amount (000) |
U.S. $ Value | |||||||
| Puerto Rico – 3.8% |
| |||||||
| Children’s Trust Fund |
$ | 8,370 | $ | 1,461,658 | ||||
| Series 2008-A |
261,400 | 18,839,725 | ||||||
| Commonwealth of Puerto Rico |
707 | 661,845 | ||||||
| Zero Coupon, 07/01/2033 |
6,410 | 3,712,234 | ||||||
| 4.00%, 07/01/2033 |
16,025 | 14,983,755 | ||||||
| 4.00%, 07/01/2035 |
4,200 | 3,814,672 | ||||||
| 4.00%, 07/01/2037 |
1,631 | 1,442,833 | ||||||
| 4.00%, 07/01/2041 |
2,217 | 1,906,355 | ||||||
| 4.00%, 07/01/2046 |
2,306 | 1,922,366 | ||||||
| 5.25%, 07/01/2023 |
1,180 | 1,185,838 | ||||||
| 5.375%, 07/01/2025 |
7,870 | 8,050,709 | ||||||
| 5.625%, 07/01/2027 |
8,953 | 9,376,837 | ||||||
| 5.625%, 07/01/2029 |
3,905 | 4,151,407 | ||||||
| 5.75%, 07/01/2031 |
3,784 | 4,103,662 | ||||||
| Series 2022-A |
42,340 | 18,629,600 | ||||||
| Commonwealth of Puerto Rico (Commonwealth of Puerto Rico) |
77,283 | 34,101,018 | ||||||
| GDB Debt Recovery Authority of Puerto Rico |
6,900 | 5,813,215 | ||||||
| HTA HRRB Custodial Trust |
1,800 | 1,809,218 | ||||||
| 5.50%, 07/01/2031 |
1,235 | 1,270,087 | ||||||
| HTA TRRB Custodial Trust |
825 | 829,225 | ||||||
| 5.25%, 07/01/2041 |
8,600 | 8,654,242 | ||||||
| PR Custodial Trust (PR Custodial Trust) |
411 | 406,685 | ||||||
| Puerto Rico Commonwealth Aqueduct & Sewer Authority |
3,590 | 3,657,429 | ||||||
| Puerto Rico Electric Power Authority |
7,315 | 5,102,213 | ||||||
| 5.00%, 07/01/2037(d) (e) |
14,970 | 10,441,575 | ||||||
| Series 2008-W |
1,000 | 700,000 | ||||||
| 5.50%, 07/01/2038(d) (e) |
10,490 | 7,382,338 | ||||||
| Series 2010-A |
2,950 | 2,065,000 | ||||||
| 5.25%, 07/01/2030(d) (e) |
1,040 | 728,000 | ||||||
| Series 2010-C |
1,735 | 1,210,163 | ||||||
| Series 2010-DDD |
1,050 | 721,875 | ||||||
| 5.00%, 07/01/2022(e) (i) |
950 | 653,125 | ||||||
56
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2010-X |
$ | 12,605 | $ | 8,823,500 | ||||
| 5.75%, 07/01/2036(d) (e) |
7,375 | 5,199,375 | ||||||
| Series 2010-ZZ |
2,565 | 1,795,500 | ||||||
| 5.25%, 07/01/2025(d) (e) |
620 | 434,000 | ||||||
| Series 2012-A |
2,510 | 1,750,725 | ||||||
| 5.00%, 07/01/2042(d) (e) |
1,740 | 1,213,650 | ||||||
| AGM Series 2007-U |
1,050 | 1,057,549 | ||||||
| AGM Series 2007-V |
25,380 | 25,498,720 | ||||||
| NATL Series 2007-V |
5,965 | 6,035,910 | ||||||
| Puerto Rico Highway & Transportation Authority |
3,213 | 3,092,260 | ||||||
| Series 2022-B |
5,129 | 3,224,688 | ||||||
| Series 2022-C |
425 | 246,772 | ||||||
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth (AES Puerto Rico LP) |
21,370 | 21,726,298 | ||||||
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue |
195 | 183,550 | ||||||
| Zero Coupon, 07/01/2027 |
537 | 442,782 | ||||||
| Zero Coupon, 07/01/2029 |
523 | 391,322 | ||||||
| Zero Coupon, 07/01/2046 |
15,224 | 4,180,617 | ||||||
| Series 2019-A |
15,975 | 15,293,229 | ||||||
| 4.55%, 07/01/2040 |
1,198 | 1,178,236 | ||||||
| 5.00%, 07/01/2058 |
54,251 | 53,450,727 | ||||||
|
|
|
|||||||
| 335,008,314 | ||||||||
|
|
|
|||||||
| Rhode Island – 0.0% |
||||||||
| Rhode Island Health and Educational Building Corp. (City of Woonsocket RI Lease) |
1,000 | 1,107,650 | ||||||
| 5.00%, 05/15/2029 |
1,000 | 1,102,888 | ||||||
|
|
|
|||||||
| 2,210,538 | ||||||||
|
|
|
|||||||
| South Carolina – 1.8% |
||||||||
| Columbia Housing Authority/SC |
5,010 | 4,878,234 | ||||||
| 5.26%, 11/01/2032 |
800 | 793,319 | ||||||
| 5.41%, 11/01/2039 |
12,570 | 12,338,231 | ||||||
| 6.28%, 11/01/2039 |
545 | 535,529 | ||||||
57
| Principal Amount (000) |
U.S. $ Value | |||||||
| South Carolina Jobs-Economic Development Authority (Bon Secours Mercy Health, Inc.) |
$ | 9,595 | $ | 10,256,545 | ||||
| South Carolina Jobs-Economic Development Authority (Last Step Recycling LLC) |
1,470 | 1,209,862 | ||||||
| 6.25%, 06/01/2040(c) |
6,100 | 4,688,803 | ||||||
| 6.50%, 06/01/2051(c) |
9,070 | 6,657,022 | ||||||
| South Carolina Jobs-Economic Development Authority (Lutheran Homes of South Carolina Obligated Group) |
1,000 | 850,297 | ||||||
| 5.125%, 05/01/2048 |
1,000 | 839,098 | ||||||
| South Carolina Jobs-Economic Development Authority (PSG Patriot’s Place Apartments LLC) |
15,630 | 11,209,292 | ||||||
| South Carolina Public Service Authority |
3,815 | 3,981,373 | ||||||
| 5.00%, 12/01/2036 |
1,000 | 1,034,997 | ||||||
| Series 2016-B |
3,430 | 3,557,182 | ||||||
| 5.00%, 12/01/2041 |
10,500 | 10,805,940 | ||||||
| 5.00%, 12/01/2046 |
17,500 | 17,817,004 | ||||||
| 5.00%, 12/01/2056 |
7,350 | 7,433,879 | ||||||
| Series 2022 |
550 | 550,130 | ||||||
| 4.00%, 12/01/2046 |
3,031 | 2,905,571 | ||||||
| 4.00%, 12/01/2049 |
11,781 | 11,143,389 | ||||||
| 4.00%, 12/01/2050 |
5,155 | 4,858,731 | ||||||
| 5.00%, 12/01/2036 |
447 | 487,383 | ||||||
| 5.00%, 12/01/2038 |
1,742 | 1,882,600 | ||||||
| Series 2022-A |
25,000 | 23,839,275 | ||||||
| 4.00%, 12/01/2052 |
20,000 | 18,705,002 | ||||||
|
|
|
|||||||
| 163,258,688 | ||||||||
|
|
|
|||||||
| South Dakota – 0.3% |
||||||||
| County of Lincoln SD (Augustana College Association (The)) |
1,410 | 1,170,296 | ||||||
| 4.00%, 08/01/2056 |
2,415 | 1,941,551 | ||||||
| 4.00%, 08/01/2061 |
2,960 | 2,311,196 | ||||||
| South Dakota Health & Educational Facilities Authority (Regional Health System Obligated Group/SD) |
3,260 | 3,509,525 | ||||||
58
| Principal Amount (000) |
U.S. $ Value | |||||||
| South Dakota Health & Educational Facilities Authority (South Dakota Health & Educational Facilities Authority) |
$ | 15,035 | $ | 15,419,547 | ||||
|
|
|
|||||||
| 24,352,115 | ||||||||
|
|
|
|||||||
| Tennessee – 1.9% |
||||||||
| Bristol Industrial Development Board (Bristol Industrial Development Board Sales Tax) |
9,080 | 8,725,744 | ||||||
| 5.125%, 12/01/2042(c) |
29,990 | 28,056,488 | ||||||
| Series 2016-B |
2,000 | 1,238,253 | ||||||
| Chattanooga Health Educational & Housing Facility Board (CommonSpirit Health) |
1,000 | 994,699 | ||||||
| 5.00%, 08/01/2044 |
6,140 | 6,391,891 | ||||||
| Knox County Industrial Development Board (Tompaul Knoxville LLC) |
2,000 | 2,026,252 | ||||||
| 9.25%, 11/01/2042(c) |
5,250 | 5,317,406 | ||||||
| 9.50%, 11/01/2052(c) |
14,835 | 15,023,001 | ||||||
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board (Trousdale Foundation Obligated Group) |
5,040 | 1,764,000 | ||||||
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board (Vanderbilt University Medical Center Obligated Group) |
2,435 | 2,525,531 | ||||||
| Series 2017-A |
2,335 | 2,386,057 | ||||||
| Metropolitan Government Nashville & Davidson County Industrial Development Board (South Nashville Central Business Improvement District) |
7,250 | 2,358,765 | ||||||
| Metropolitan Nashville Airport Authority (The) |
12,500 | 13,576,324 | ||||||
| 5.50%, 07/01/2052 |
9,000 | 9,900,824 | ||||||
| Tennergy Corp/TN (Goldman Sachs Group, Inc. (The)) |
23,000 | 24,925,406 | ||||||
59
| Principal Amount (000) |
U.S. $ Value | |||||||
| Tennessee Energy Acquisition Corp. (Goldman Sachs Group Inc/The) |
$ | 20,000 | $ | 20,916,378 | ||||
| Tennessee Energy Acquisition Corp. (Goldman Sachs Group, Inc. (The)) |
7,925 | 8,497,851 | ||||||
| Wilson County Health & Educational Facilities Board |
10,000 | 7,817,814 | ||||||
| 4.25%, 12/01/2024 |
6,000 | 5,655,742 | ||||||
|
|
|
|||||||
| 168,098,426 | ||||||||
|
|
|
|||||||
| Texas – 5.7% |
||||||||
| Abilene Convention Center Hotel Development Corp. (City of Abilene TX Abilene Convention Center Revenue) |
11,140 | 9,809,983 | ||||||
| Arlington Higher Education Finance Corp. (BASIS Texas Charter Schools, Inc.) |
1,000 | 968,073 | ||||||
| Arlington Higher Education Finance Corp. (Magellan School/The) |
3,715 | 3,748,557 | ||||||
| 6.375%, 06/01/2062(c) |
9,785 | 9,821,419 | ||||||
| Arlington Higher Education Finance Corp. (Wayside Schools) |
500 | 440,862 | ||||||
| 4.00%, 08/15/2046 |
695 | 557,517 | ||||||
| Baytown Municipal Development District (Baytown Municipal Development District Baytown Convention Center Hotel Revenue) |
8,545 | 8,415,980 | ||||||
| 4.00%, 10/01/2050 |
3,815 | 3,683,591 | ||||||
| Brazoria County Industrial Development Corp. (Aleon Renewable Metals LLC) |
10,000 | 9,840,200 | ||||||
| Central Texas Regional Mobility Authority |
2,230 | 2,405,323 | ||||||
| 5.00%, 01/01/2049 |
3,940 | 4,221,708 | ||||||
| Series 2021-B |
4,600 | 4,997,557 | ||||||
| Central Texas Turnpike System |
6,800 | 6,942,225 | ||||||
| City of Austin TX Airport System Revenue |
1,000 | 1,071,247 | ||||||
60
| Principal Amount (000) |
U.S. $ Value | |||||||
| City of Dallas Housing Finance Corp. (DHFC The Briscoe Apartments LLC) |
$ | 179,645 | $ | 12,819,916 | ||||
| 6.00%, 12/01/2062 |
20,940 | 21,990,352 | ||||||
| City of Dallas Housing Finance Corp. (DHFC The Dylan Apartments LLC) |
10,025 | 10,122,204 | ||||||
| 6.25%, 12/01/2054(c) |
4,070 | 3,865,519 | ||||||
| City of Houston TX |
2,495 | 1,990,301 | ||||||
| 2.147%, 03/01/2034 |
7,405 | 5,832,316 | ||||||
| City of Houston TX (City of Houston TX Hotel Occupancy Tax) |
1,965 | 2,014,119 | ||||||
| City of Houston TX Airport System Revenue (United Airlines, Inc.) |
16,960 | 17,134,091 | ||||||
| Series 2015-B |
1,960 | 1,993,678 | ||||||
| 5.00%, 07/15/2035 |
1,000 | 1,002,113 | ||||||
| Series 2018 |
22,875 | 23,614,448 | ||||||
| Series 2020 |
1,750 | 1,796,585 | ||||||
| 5.00%, 07/15/2027 |
2,500 | 2,566,837 | ||||||
| City of San Antonio TX Electric & Gas Systems Revenue |
5,000 | 5,476,012 | ||||||
| Clifton Higher Education Finance Corp. (IDEA Public Schools) |
530 | 530,531 | ||||||
| Series 2013 |
1,000 | 1,012,808 | ||||||
| Conroe Local Government Corp. (Conroe Local Government Corp. Conroe Convention Center Hotel) |
2,525 | 2,325,615 | ||||||
| Dallas County Flood Control District No. 1 |
1,650 | 1,651,785 | ||||||
| Dallas Fort Worth International Airport |
2,000 | 1,906,108 | ||||||
| Decatur Hospital Authority Series 2014-A |
3,150 | 3,173,569 | ||||||
| Series 2021 |
1,679 | 1,569,233 | ||||||
| 4.00%, 09/01/2044 |
3,876 | 3,278,182 | ||||||
61
| Principal Amount (000) |
U.S. $ Value | |||||||
| Grand Parkway Transportation Corp. |
$ | 5,340 | $ | 5,340,000 | ||||
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System Obligated Group) |
10,000 | 10,567,663 | ||||||
| Hidalgo County Regional Mobility Authority |
2,000 | 736,262 | ||||||
| Zero Coupon, 12/01/2051 |
8,040 | 1,825,016 | ||||||
| Series 2022-B |
1,395 | 475,021 | ||||||
| Zero Coupon, 12/01/2043 |
2,000 | 628,095 | ||||||
| Zero Coupon, 12/01/2044 |
5,640 | 1,630,877 | ||||||
| Zero Coupon, 12/01/2055 |
2,895 | 410,398 | ||||||
| Zero Coupon, 12/01/2056 |
5,000 | 665,668 | ||||||
| Irving Hospital Authority (Baylor Medical Center at Irving) |
8,505 | 8,589,469 | ||||||
| Lower Colorado River Authority (LCRA Transmission Services Corp.) |
18,710 | 20,052,691 | ||||||
| Mission Economic Development Corp. (Natgasoline LLC) |
25,410 | 25,238,447 | ||||||
| New Hope Cultural Education Facilities Finance Corp. (Army Retirement Residence Obligated Group) |
4,490 | 4,311,621 | ||||||
| 6.00%, 07/15/2057 |
10,300 | 10,166,656 | ||||||
| New Hope Cultural Education Facilities Finance Corp. (BSPV - Plano LLC) |
7,820 | 7,038,000 | ||||||
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community, Inc. Obligated Group) |
204 | 93,576 | ||||||
| 7.50%, 11/15/2036 |
50 | 43,173 | ||||||
| 7.50%, 11/15/2037 |
10 | 8,234 | ||||||
| New Hope Cultural Education Facilities Finance Corp. (Legacy at Midtown Park, Inc. Obligated Group) |
4,500 | 3,617,810 | ||||||
62
| Principal Amount (000) |
U.S. $ Value | |||||||
| New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries Obligated Group) |
$ | 790 | $ | 720,041 | ||||
| 5.00%, 01/01/2055 |
3,010 | 2,543,123 | ||||||
| Series 2022 |
4,575 | 3,346,559 | ||||||
| 4.25%, 01/01/2057 |
1,380 | 965,333 | ||||||
| 5.00%, 01/01/2057 |
2,950 | 2,418,893 | ||||||
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven Forefront Living Obligated Group) |
500 | 500,460 | ||||||
| Newark Higher Education Finance Corp. (Abilene Christian University) |
10,000 | 9,165,013 | ||||||
| North East Texas Regional Mobility Authority |
4,940 | 4,962,585 | ||||||
| North Texas Tollway Authority (North Texas Tollway System) |
8,975 | 9,165,347 | ||||||
| Series 2017-B |
1,400 | 1,514,879 | ||||||
| 5.00%, 01/01/2043 |
6,000 | 6,305,379 | ||||||
| Series 2020 |
4,990 | 3,783,034 | ||||||
| Series 2021 |
7,500 | 5,891,114 | ||||||
| Port Beaumont Navigation District (Jefferson Railport Terminal II LLC) |
3,315 | 2,470,543 | ||||||
| Series 2021 |
540 | 464,758 | ||||||
| 2.25%, 01/01/2029(c) |
800 | 669,506 | ||||||
| 2.50%, 01/01/2030(c) |
905 | 745,045 | ||||||
| 2.625%, 01/01/2031(c) |
500 | 403,977 | ||||||
| Red River Health Facilities Development Corp. |
1,315 | 1,433,646 | ||||||
| Sanger Industrial Development Corp. (Texas Pellets, Inc.) |
2,180 | 545,000 | ||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Edgemere Retirement Senior Quality Lifestyles Corp.) |
3,540 | 1,416,000 | ||||||
| Series 2015-B |
4,000 | 1,600,000 | ||||||
63
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2017 |
$ | 1,115 | $ | 446,000 | ||||
| Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way) |
6,485 | 4,215,286 | ||||||
| Tarrant County Cultural Education Facilities Finance Corp. (Trinity Terrace Project) |
4,285 | 4,165,898 | ||||||
| Texas Municipal Gas Acquisition & Supply Corp. I (Bank of America Corp.) |
6,335 | 6,732,656 | ||||||
| Texas Private Activity Bond Surface Transportation Corp. (Blueridge Transportation Group LLC) |
1,255 | 1,268,943 | ||||||
| 5.00%, 12/31/2045 |
4,250 | 4,288,919 | ||||||
| 5.00%, 12/31/2050 |
16,075 | 16,126,922 | ||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC) |
4,000 | 3,842,654 | ||||||
| 4.00%, 12/31/2038 |
2,600 | 2,474,250 | ||||||
| 4.00%, 12/31/2039 |
2,500 | 2,353,527 | ||||||
| 5.00%, 12/31/2031 |
5,000 | 5,426,891 | ||||||
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners Segments 3 LLC) |
3,600 | 3,654,848 | ||||||
| Series 2019 |
85,330 | 86,352,014 | ||||||
| Texas Transportation Commission State Highway 249 System |
7,500 | 7,616,661 | ||||||
| Uptown Development Authority |
1,015 | 1,047,444 | ||||||
|
|
|
|||||||
| 507,072,389 | ||||||||
|
|
|
|||||||
| Utah – 0.2% |
||||||||
| City of Salt Lake City UT Airport Revenue |
7,245 | 7,488,095 | ||||||
| Military Installation Development Authority |
5,000 | 3,803,665 | ||||||
| Utah Infrastructure Agy Teleco |
1,000 | 1,045,573 | ||||||
| 5.00%, 10/15/2037 |
1,410 | 1,422,979 | ||||||
|
|
|
|||||||
| 13,760,312 | ||||||||
|
|
|
|||||||
64
| Principal Amount (000) |
U.S. $ Value | |||||||
| Vermont – 0.1% |
||||||||
| Vermont Economic Development Authority (Casella Waste Systems, Inc.) |
$ | 1,100 | $ | 1,085,277 | ||||
| Series 2022 |
3,750 | 3,767,706 | ||||||
|
|
|
|||||||
| 4,852,983 | ||||||||
|
|
|
|||||||
| Virginia – 2.1% |
||||||||
| Align Affordable Housing Bond Fund LP (Park Landing LP) |
11,450 | 11,368,004 | ||||||
| Arlington County Industrial Development Authority (Virginia Hospital Center Arlington Health System/VA) |
1,435 | 1,475,190 | ||||||
| 4.00%, 07/01/2040 |
2,125 | 2,153,989 | ||||||
| 5.00%, 07/01/2036 |
850 | 943,681 | ||||||
| Cherry Hill Community Development Authority (Potomac Shores Project) |
1,000 | 1,003,278 | ||||||
| Henrico County Economic Development Authority (Westminster-Canterbury Corp. Obligated Group) |
2,000 | 2,128,206 | ||||||
| 5.00%, 10/01/2052 |
4,500 | 4,735,344 | ||||||
| Tobacco Settlement Financing Corp./VA |
7,490 | 7,263,891 | ||||||
| Virginia College Building Authority (Marymount University) |
1,500 | 1,462,433 | ||||||
| 5.25%, 07/01/2035(c) |
1,000 | 1,014,193 | ||||||
| Series 2015-A |
1,110 | 1,082,201 | ||||||
| Virginia Small Business Financing Authority (95 Express Lanes LLC) |
3,000 | 2,862,351 | ||||||
| 4.00%, 07/01/2040 |
500 | 476,604 | ||||||
| 4.00%, 01/01/2048 |
20,770 | 18,795,550 | ||||||
| Virginia Small Business Financing Authority (Capital Beltway Express LLC) |
34,625 | 35,951,269 | ||||||
| 5.00%, 12/31/2057 |
10,500 | 10,806,224 | ||||||
65
| Principal Amount (000) |
U.S. $ Value | |||||||
| Virginia Small Business Financing Authority (Elizabeth River Crossings OpCo LLC) |
$ | 3,070 | $ | 3,141,125 | ||||
| 4.00%, 01/01/2031 |
2,650 | 2,716,226 | ||||||
| 4.00%, 01/01/2033 |
7,500 | 7,667,895 | ||||||
| 4.00%, 01/01/2034 |
3,500 | 3,563,151 | ||||||
| 4.00%, 01/01/2037 |
10,000 | 9,836,460 | ||||||
| Virginia Small Business Financing Authority (National Senior Campuses, Inc. Obligated Group) |
18,500 | 16,436,024 | ||||||
| Virginia Small Business Financing Authority (Total Fiber Recovery @ Chesapeake LLC) |
20,215 | 19,672,522 | ||||||
| 8.50%, 06/01/2042(c) |
23,525 | 22,389,716 | ||||||
|
|
|
|||||||
| 188,945,527 | ||||||||
|
|
|
|||||||
| Washington – 1.3% |
| |||||||
| Kalispel Tribe of Indians |
750 | 782,836 | ||||||
| King County Public Hospital District No. 4 |
2,235 | 2,283,136 | ||||||
| Pend Oreille County Public Utility District No. 1 Box Canyon |
9,000 | 9,256,808 | ||||||
| Port of Seattle WA |
5,035 | 5,166,976 | ||||||
| Series 2019 |
3,380 | 3,538,354 | ||||||
| Washington Health Care Facilities Authority (CommonSpirit Health) |
2,000 | 2,125,807 | ||||||
| 5.00%, 08/01/2039 |
4,970 | 5,234,993 | ||||||
| 5.00%, 08/01/2044 |
9,185 | 9,561,811 | ||||||
| Washington Health Care Facilities Authority (Overlake Hospital Medical Center Obligated Group) |
2,350 | 2,487,954 | ||||||
| Series 2017-B |
1,855 | 1,981,209 | ||||||
| Washington Health Care Facilities Authority (Seattle Cancer Care Alliance Obligated Group) |
2,045 | 1,991,843 | ||||||
| 5.00%, 09/01/2039 |
1,655 | 1,769,156 | ||||||
| 5.00%, 09/01/2045 |
2,070 | 2,187,675 | ||||||
| 5.00%, 09/01/2050 |
2,000 | 2,107,120 | ||||||
| Washington Health Care Facilities Authority (Virginia Mason Medical Center Obligated Group) |
6,250 | 6,581,670 | ||||||
| 5.00%, 08/15/2035 |
5,750 | 5,944,377 | ||||||
| 5.00%, 08/15/2037 |
3,565 | 3,640,658 | ||||||
66
| Principal Amount (000) |
U.S. $ Value | |||||||
| Washington State Convention Center Public Facilities District |
$ | 13,090 | $ | 12,274,043 | ||||
| Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest Obligated Group) |
1,030 | 1,001,998 | ||||||
| 5.25%, 01/01/2043(c) |
2,870 | 2,575,551 | ||||||
| Series 2015 |
2,920 | 2,793,117 | ||||||
| Series 2016 |
2,650 | 2,483,243 | ||||||
| 5.00%, 01/01/2036(c) |
1,075 | 961,439 | ||||||
| 5.00%, 01/01/2046(c) |
1,140 | 935,266 | ||||||
| Series 2019-A |
1,330 | 1,102,223 | ||||||
| 5.00%, 01/01/2049(c) |
3,305 | 2,649,061 | ||||||
| 5.00%, 01/01/2055(c) |
11,670 | 9,107,427 | ||||||
| Washington State Housing Finance Commission (Rockwood Retirement Communities) |
1,500 | 1,564,332 | ||||||
| Series 2014-A |
5,115 | 5,328,641 | ||||||
| Washington State Housing Finance Commission (Spokane United Methodist Homes Obligated Group) |
2,000 | 1,504,339 | ||||||
| 5.00%, 01/01/2056(c) |
3,000 | 2,204,740 | ||||||
|
|
|
|||||||
| 113,127,803 | ||||||||
|
|
|
|||||||
| West Virginia – 0.1% |
||||||||
| City of South Charleston WV (City of South Charleston WV South Charleston Park Place Excise Tax District) |
1,000 | 786,146 | ||||||
| Monongalia County Commission Excise Tax District |
5,605 | 5,625,430 | ||||||
| Tobacco Settlement Finance Authority/WV |
3,000 | 2,696,270 | ||||||
| West Virginia Economic Development Authority (Arch Resources, Inc.) |
4,035 | 3,983,400 | ||||||
|
|
|
|||||||
| 13,091,246 | ||||||||
|
|
|
|||||||
67
| Principal Amount (000) |
U.S. $ Value | |||||||
| Wisconsin – 4.5% |
||||||||
| St. Croix Chippewa Indians of Wisconsin |
$ | 8,850 | $ | 6,853,030 | ||||
| UMA Education, Inc. |
15,970 | 15,913,081 | ||||||
| 5.00%, 10/01/2039(c) |
5,035 | 4,858,036 | ||||||
| Wisconsin Center District (Wisconsin Center District Ded Tax) |
6,995 | 7,144,003 | ||||||
| Wisconsin Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group) |
20,345 | 20,908,034 | ||||||
| Wisconsin Health & Educational Facilities Authority (Marshfield Clinic Health System Obligated Group) |
1,035 | 948,430 | ||||||
| 4.00%, 02/15/2036 |
1,600 | 1,649,757 | ||||||
| 4.00%, 02/15/2037 |
1,050 | 1,076,815 | ||||||
| 5.00%, 02/15/2031 |
2,000 | 2,267,629 | ||||||
| Wisconsin Health & Educational Facilities Authority (Oakwood Lutheran Senior Ministries Obligated Group) |
9,815 | 7,049,337 | ||||||
| Wisconsin Health & Educational Facilities Authority (Rogers Memorial Hospital, Inc. Obligated Group) |
1,000 | 1,024,195 | ||||||
| Wisconsin Health & Educational Facilities Authority (St. Camillus Health System Obligated Group) |
950 | 843,966 | ||||||
| 5.00%, 11/01/2046 |
870 | 731,546 | ||||||
| 5.00%, 11/01/2054 |
3,295 | 2,671,443 | ||||||
| Wisconsin Health & Educational Facilities Authority (Thedacare, Inc. Obligated Group) |
1,795 | 1,843,599 | ||||||
| 4.00%, 12/15/2036 |
1,865 | 1,909,772 | ||||||
| 4.00%, 12/15/2037 |
1,830 | 1,860,910 | ||||||
| 4.00%, 12/15/2038 |
1,915 | 1,939,474 | ||||||
| Wisconsin Housing & Economic Development Authority (Roers Sun Prairie Apartments Owner LLC) |
2,510 | 2,233,273 | ||||||
| Series 2022-A |
11,525 | 10,199,147 | ||||||
| Wisconsin Public Finance Authority |
20,960 | 20,712,924 | ||||||
68
| Principal Amount (000) |
U.S. $ Value | |||||||
| Wisconsin Public Finance Authority (21st Century Public Academy) |
$ | 1,340 | $ | 1,149,472 | ||||
| Wisconsin Public Finance Authority (ACTS Retirement-Life Communities, Inc. Obligated Group) |
600 | 548,960 | ||||||
| 5.00%, 11/15/2041 |
1,500 | 1,506,610 | ||||||
| Wisconsin Public Finance Authority (Appalachian Regional Healthcare System Obligated Group) |
1,100 | 942,619 | ||||||
| 4.00%, 07/01/2051 |
1,675 | 1,388,384 | ||||||
| Wisconsin Public Finance Authority (Bancroft Neurohealth Obligated Group) |
3,335 | 3,104,641 | ||||||
| Wisconsin Public Finance Authority (Blue Ridge Healthcare Obligated Group) |
1,500 | 1,430,600 | ||||||
| 5.00%, 01/01/2038 |
550 | 581,679 | ||||||
| 5.00%, 01/01/2039 |
700 | 738,513 | ||||||
| 5.00%, 01/01/2040 |
500 | 526,012 | ||||||
| Wisconsin Public Finance Authority (Carmelite System, Inc. Obligated Group (The)) |
2,030 | 2,019,212 | ||||||
| Wisconsin Public Finance Authority (Catholic Bishop of Chicago (The)) |
57,000 | 52,599,076 | ||||||
| Wisconsin Public Finance Authority (Celanese US Holdings LLC) |
1,000 | 1,019,746 | ||||||
| Series 2016-C |
2,060 | 2,013,417 | ||||||
| Series 2016-D |
720 | 692,123 | ||||||
| Wisconsin Public Finance Authority (CFC-SA LLC) |
11,500 | 11,172,284 | ||||||
| 5.00%, 02/01/2062 |
11,250 | 10,750,621 | ||||||
| 5.75%, 02/01/2052(c) |
15,500 | 14,865,452 | ||||||
| Wisconsin Public Finance Authority (FAH Tree House LLC) |
18,000 | 18,416,246 | ||||||
| 6.625%, 02/01/2046(c) |
12,500 | 11,954,212 | ||||||
| Wisconsin Public Finance Authority (Gannon University) |
1,500 | 1,504,198 | ||||||
| 5.00%, 05/01/2047 |
2,750 | 2,717,066 | ||||||
69
| Principal Amount (000) |
U.S. $ Value | |||||||
| Wisconsin Public Finance Authority (KDC Agribusiness LLC) |
$ | 21,900 | $ | 21,900,000 | ||||
| Wisconsin Public Finance Authority (Mary’s Woods at Marylhurst, Inc.) |
1,000 | 961,053 | ||||||
| 5.25%, 05/15/2042(c) |
1,000 | 936,562 | ||||||
| 5.25%, 05/15/2047(c) |
1,225 | 1,118,393 | ||||||
| Wisconsin Public Finance Authority (McLemore Resort Manager LLC) |
12,235 | 9,360,357 | ||||||
| Wisconsin Public Finance Authority (Moses H Cone Memorial Hospital Obligated Group) |
10,000 | 10,628,569 | ||||||
| Wisconsin Public Finance Authority (National Senior Communities, Inc. Obligated Group) |
1,400 | 1,258,990 | ||||||
| 4.00%, 01/01/2052 |
2,350 | 2,040,713 | ||||||
| Wisconsin Public Finance Authority (Pine Lake Preparatory, Inc.) |
1,550 | 1,582,219 | ||||||
| Wisconsin Public Finance Authority (Queens University of Charlotte) |
12,000 | 12,389,485 | ||||||
| 5.25%, 03/01/2047 |
5,100 | 5,227,124 | ||||||
| Wisconsin Public Finance Authority (Renown Regional Medical Center) |
8,840 | 8,561,639 | ||||||
| Wisconsin Public Finance Authority (Rose Villa, Inc.Obligated Group) |
1,000 | 1,050,154 | ||||||
| Wisconsin Public Finance Authority (Roseman University of Health Sciences) |
500 | 511,332 | ||||||
| 5.00%, 04/01/2040(c) |
1,400 | 1,382,441 | ||||||
| 5.00%, 04/01/2050(c) |
5,150 | 4,844,530 | ||||||
| Wisconsin Public Finance Authority (Samaritan Housing Foundation Obligated Group) |
29,090 | 19,456,753 | ||||||
| Series 2022 |
3,900 | 2,746,255 | ||||||
70
| Principal Amount (000) |
U.S. $ Value | |||||||
| Wisconsin Public Finance Authority (Seabury Retirement Community) |
$ | 545 | $ | 527,940 | ||||
| Wisconsin Public Finance Authority (Sky Harbour Capital LLC Obligated Group) |
3,500 | 2,626,774 | ||||||
| Wisconsin Public Finance Authority (Southeastern Regional Medical Center Obligated Group) |
6,500 | 6,003,480 | ||||||
| 4.00%, 02/01/2051 |
10,000 | 9,018,864 | ||||||
| Wisconsin Public Finance Authority (Triad Educational Services, Inc.) |
1,140 | 1,151,445 | ||||||
| 5.25%, 06/15/2052 |
1,610 | 1,625,269 | ||||||
| 5.375%, 06/15/2057 |
1,545 | 1,560,258 | ||||||
| 5.50%, 06/15/2050 |
650 | 661,237 | ||||||
| 5.50%, 06/15/2062 |
3,025 | 3,057,624 | ||||||
| Wisconsin Public Finance Authority (Triad Math & Science Academy Co.) |
3,915 | 3,160,818 | ||||||
| Wisconsin Public Finance Authority (Uwharrie Charter Academy) |
3,315 | 3,003,265 | ||||||
| 5.00%, 06/15/2057(c) |
4,105 | 3,668,011 | ||||||
| 5.00%, 06/15/2062(c) |
1,295 | 1,142,313 | ||||||
| Wisconsin Public Finance Authority (Washoe Barton Medical Clinic) |
3,300 | 2,641,754 | ||||||
|
|
|
|||||||
| 402,085,165 | ||||||||
|
|
|
|||||||
| Total Municipal Obligations |
8,629,396,301 | |||||||
|
|
|
|||||||
| U.S. TREASURY BILLS – 3.3% |
| |||||||
| United States – 3.3% |
| |||||||
| U.S. Treasury Bill |
300,000 | 293,289,999 | ||||||
|
|
|
|||||||
| COMMERCIAL MORTGAGE-BACKED SECURITIES – 2.3% |
| |||||||
| Agency CMBS – 1.1% |
| |||||||
| California Housing Finance Agency |
||||||||
| Series 2021-1, Class A |
9,232 | 8,945,218 | ||||||
| Series 2021-2, Class A |
43,729 | 43,722,261 | ||||||
71
| Principal Amount (000) |
U.S. $ Value | |||||||
| Series 2021-2, Class X |
$ | 22,580 | $ | 1,237,368 | ||||
| Series 2021-3, Class A |
7,024 | 6,509,545 | ||||||
| Series 2021-3, Class X |
20,433 | 1,139,268 | ||||||
| Series 2019-2, Class A |
14,602 | 14,799,130 | ||||||
| Federal Home Loan Mortgage Corp. |
3,989 | 3,582,485 | ||||||
| Series 2022-ML13, Class XCA |
17,828 | 1,061,370 | ||||||
| Series 2022-ML13, Class XUS |
31,115 | 2,247,353 | ||||||
| Washington State Housing Finance Commission |
19,158 | 18,053,676 | ||||||
| Series 2021-1, Class X |
14,713 | 740,273 | ||||||
|
|
|
|||||||
| 102,037,947 | ||||||||
|
|
|
|||||||
| Non-Agency Fixed Rate CMBS – 1.2% |
||||||||
| Arizona Industrial Development Authority |
14,921 | 14,420,377 | ||||||
| New Hampshire Business Finance Authority |
20,910 | 21,124,862 | ||||||
| Series 2022-1, Class A |
41,201 | 41,299,991 | ||||||
| Series 2022-2, Class A |
26,892 | 26,055,892 | ||||||
| Series 2022-2, Class X |
24,900 | 1,300,152 | ||||||
|
|
|
|||||||
| 104,201,274 | ||||||||
|
|
|
|||||||
| Total Commercial Mortgage-Backed Securities |
206,239,221 | |||||||
|
|
|
|||||||
| CORPORATES - NON-INVESTMENT GRADE – 0.0% |
| |||||||
| Financial Institutions – 0.0% |
| |||||||
| Banking – 0.0% |
| |||||||
| UMB Financial Corp. |
1,951 | 1,934,052 | ||||||
|
|
|
|||||||
| SHORT-TERM INVESTMENTS – 2.5% |
| |||||||
| Investment Companies – 2.5% |
| |||||||
| AB Fixed Income Shares, Inc. - Government |
219,053,269 | 219,053,269 | ||||||
|
|
|
|||||||
| Total Investments – 105.1% |
9,349,912,842 | |||||||
| Other assets less liabilities – (5.1)% |
(455,622,178 | ) | ||||||
|
|
|
|||||||
| Net Assets – 100.0% |
$ | 8,894,290,664 | ||||||
|
|
|
|||||||
72
CENTRALLY CLEARED INFLATION (CPI) SWAPS
| Rate Type | ||||||||||||||||||||||||
| Notional (000) |
Termination Date |
Payments made by the Fund |
Payments received by the Fund |
Payment Frequency Paid/ Received |
Market Value |
Upfront Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||
| USD | 90,795 | 01/15/2025 | 2.565% | CPI# | Maturity | $ | 7,584,083 | $ | — | $ | 7,584,083 | |||||||||||||
| USD | 45,398 | 01/15/2025 | 2.613% | CPI# | Maturity | 3,706,331 | — | 3,706,331 | ||||||||||||||||
| USD | 45,397 | 01/15/2025 | 2.585% | CPI# | Maturity | 3,755,909 | — | 3,755,909 | ||||||||||||||||
| USD | 34,210 | 01/15/2025 | 4.028% | CPI# | Maturity | 826,412 | — | 826,412 | ||||||||||||||||
| USD | 83,920 | 01/15/2026 | CPI# | 3.765% | Maturity | (1,787,369 | ) | — | (1,787,369 | ) | ||||||||||||||
| USD | 158,000 | 01/15/2027 | CPI# | 3.320% | Maturity | (5,426,617 | ) | — | (5,426,617 | ) | ||||||||||||||
| USD | 156,000 | 01/15/2027 | CPI# | 3.466% | Maturity | (3,953,308 | ) | (167,986 | ) | (3,785,322 | ) | |||||||||||||
| USD | 127,850 | 01/15/2027 | CPI# | 3.323% | Maturity | (4,367,523 | ) | — | (4,367,523 | ) | ||||||||||||||
| USD | 371,020 | 01/15/2028 | 0.735% | CPI# | Maturity | 76,240,685 | — | 76,240,685 | ||||||||||||||||
| USD | 219,860 | 01/15/2028 | 1.230% | CPI# | Maturity | 37,296,833 | — | 37,296,833 | ||||||||||||||||
| USD | 273,300 | 01/15/2029 | CPI# | 3.390% | Maturity | (3,492,993 | ) | — | (3,492,993 | ) | ||||||||||||||
| USD | 190,780 | 01/15/2029 | CPI# | 3.735% | Maturity | 3,086,763 | — | 3,086,763 | ||||||||||||||||
| USD | 79,070 | 01/15/2029 | CPI# | 3.331% | Maturity | (1,396,862 | ) | — | (1,396,862 | ) | ||||||||||||||
| USD | 67,450 | 01/15/2030 | 1.572% | CPI# | Maturity | 10,840,946 | — | 10,840,946 | ||||||||||||||||
| USD | 67,450 | 01/15/2030 | 1.587% | CPI# | Maturity | 10,748,007 | — | 10,748,007 | ||||||||||||||||
| USD | 93,000 | 01/15/2031 | 2.782% | CPI# | Maturity | 5,230,263 | — | 5,230,263 | ||||||||||||||||
| USD | 85,000 | 01/15/2031 | 2.680% | CPI# | Maturity | 5,635,307 | — | 5,635,307 | ||||||||||||||||
| USD | 76,750 | 01/15/2031 | 2.989% | CPI# | Maturity | 2,732,234 | — | 2,732,234 | ||||||||||||||||
| USD | 75,410 | 01/15/2032 | CPI# | 3.064% | Maturity | (1,698,947 | ) | — | (1,698,947 | ) | ||||||||||||||
| USD | 52,000 | 04/15/2032 | CPI# | 2.909% | Maturity | (1,871,361 | ) | — | (1,871,361 | ) | ||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
| $ | 143,688,793 | $ | (167,986 | ) | $ | 143,856,779 | ||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
| # | Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI). |
CENTRALLY CLEARED INTEREST RATE SWAPS
| Rate Type | ||||||||||||||||||||||||
| Notional Amount (000) |
Termination Date |
Payments made by the Fund |
Payments received by the Fund |
Payment Frequency Paid/ Received |
Market Value |
Upfront Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||
| USD | 275,000 | 01/15/2027 | 1 Day SOFR |
3.947% | Annual | $ | 3,795,035 | $ | — | $ | 3,795,035 | |||||||||||||
| USD | 120,000 | 01/15/2027 | 1 Day SOFR |
3.231% | Annual | (1,515,327 | ) | — | (1,515,327 | ) | ||||||||||||||
| USD | 85,000 | 01/15/2027 | 1 Day SOFR |
3.245% | Annual | (1,031,002 | ) | — | (1,031,002 | ) | ||||||||||||||
| USD | 80,000 | 01/15/2027 | 1 Day SOFR |
2.748% | Annual | (2,436,437 | ) | — | (2,436,437 | ) | ||||||||||||||
| USD | 280,900 | 04/15/2032 | 1.280% | 1 Day SOFR |
Annual | 45,969,373 | — | 45,969,373 | ||||||||||||||||
| USD | 280,000 | 04/15/2032 | 3.283% | 1 Day SOFR |
Annual | (617,565 | ) | — | (617,565 | ) | ||||||||||||||
| USD | 230,000 | 04/15/2032 | 2.621% | 1 Day SOFR |
Annual | 12,013,372 | — | 12,013,372 | ||||||||||||||||
| USD | 200,000 | 04/15/2032 | 3.319% | 1 Day SOFR |
Annual | (1,032,091 | ) | — | (1,032,091 | ) | ||||||||||||||
| USD | 174,000 | 04/15/2032 | 2.177% | 1 Day SOFR |
Annual | 14,918,653 | — | 14,918,653 | ||||||||||||||||
| USD | 155,000 | 04/15/2032 | 2.574% | 1 Day SOFR |
Annual | 8,052,316 | — | 8,052,316 | ||||||||||||||||
| USD | 100,000 | 04/15/2032 | 2.444% | 1 Day SOFR |
Annual | 6,690,280 | — | 6,690,280 | ||||||||||||||||
| USD | 50,000 | 02/15/2051 | 1.469% | 1 Day SOFR |
Annual | 14,730,889 | — | 14,730,889 | ||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
| $ | 99,537,496 | $ | — | $ | 99,537,496 | |||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||||||
73
INTEREST RATE SWAPS
| Rate Type | ||||||||||||||||||||||||||||
| Swap Counterparty | Notional Amount (000) |
Termination Date |
Payments made by the Fund |
Payments received by the Fund |
Payment Received |
Market Value |
Upfront Premiums Paid (Received) |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||
| Citibank, NA | USD | 52,610 | 10/09/2029 | 1.125% | SIFMA* | Quarterly | $ | 5,480,542 | $ | — | $ | 5,480,542 | ||||||||||||||||
| * | Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index. |
| (a) | Security represents the underlying municipal obligation of an inverse floating rate obligation held by the Fund. |
| (b) | Floating Rate Security. Stated interest/floor/ceiling rate was in effect at January 31, 2023. |
| (c) | Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At January 31, 2023, the aggregate market value of these securities amounted to $1,592,116,754 or 17.9% of net assets. |
| (d) | Defaulted. |
| (e) | Non-income producing security. |
| (f) | When-Issued or delayed delivery security. |
| (g) | Restricted and illiquid security. |
| Restricted & Illiquid Securities | Acquisition Date |
Cost | Market Value |
Percentage of Net Assets | ||||||||
| Louisiana Public Facilities Authority |
11/22/2013 | $ | 1,973,785 | $ | 28 | 0.00% | ||||||
| Louisiana Public Facilities Authority |
07/31/2014 | 868,862 | 13 | 0.00% | ||||||||
| Sanger Industrial Development Corp. |
08/31/2012 | 2,180,000 | 545,000 | 0.01% | ||||||||
| (h) | Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.20% of net assets as of January 31, 2023, are considered illiquid and restricted. Additional information regarding such securities follows: |
| 144A/Restricted & Illiquid Securities | Acquisition Date |
Cost | Market Value |
Percentage of Net Assets | ||||||||
| Mississippi Business Finance Corp. |
12/13/2022 | $ | 14,285,627 | $ | 14,516,559 | 0.16% | ||||||
| Scranton-Lackawanna Health and Welfare Authority |
11/29/2017 | 6,634,896 | 3,483,300 | 0.04% | ||||||||
| (i) | Defaulted matured security. |
| (j) | IO - Interest Only. |
74
| (k) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (l) | Fair valued by the Adviser. |
| (m) | Affiliated investments. |
| (n) | The rate shown represents the 7-day yield as of period end. |
| (o) | To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618. |
| (p) | As of January 31, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $364,427,679 and gross unrealized depreciation of investments was $(653,630,126), resulting in net unrealized depreciation of $(289,202,447). |
As of January 31, 2023, the Fund’s percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 2.0% and 0.0%, respectively.
Glossary:
AGC – Assured Guaranty Corporation
AGM – Assured Guaranty Municipal
BAM – Build American Mutual
CCRC – Congregate Care Retirement Center
CMBS – Commercial Mortgage-Backed Securities
COP – Certificate of Participation
CPI – Consumer Price Index
ETM – Escrowed to Maturity
LIBOR – London Interbank Offered Rate
NATL – National Interstate Corporation
SD – School District
SOFR – Secured Overnight Financing Rate
UPMC – University of Pittsburgh Medical Center
75
AB Municipal Income Shares
January 31, 2023 (unaudited)
In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.
| • | Level 1 - quoted prices in active markets for identical investments |
| • | Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |
The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.
Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.
Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.
76
The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of January 31, 2023:
| Investments in Securities: |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Assets: | ||||||||||||||||
| Long-Term Municipal Bonds | $ | — | $ | 8,629,396,301 | $ | — | $ | 8,629,396,301 | ||||||||
| U.S. Treasury Bills | — | 293,289,999 | — | 293,289,999 | ||||||||||||
| Commercial Mortgage-Backed Securities | — | 206,239,221 | — | 206,239,221 | ||||||||||||
| Corporates – Non-Investment Grade | — | — | 1,934,052 | 1,934,052 | ||||||||||||
| Short-Term Investments | 219,053,269 | — | — | 219,053,269 | ||||||||||||
| Liabilities: | ||||||||||||||||
| Floating Rate Notes(a) | (584,085,000 | ) | — | — | (584,085,000 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments in Securities | (365,031,731 | ) | 9,128,925,521 | 1,934,052 | 8,765,827,842 | |||||||||||
| Other Financial Instruments(b): | ||||||||||||||||
| Assets: | ||||||||||||||||
| Centrally Cleared Inflation (CPI) Swaps | — | 167,683,773 | — | 167,683,773 | ||||||||||||
| Centrally Cleared Interest Rate Swaps | — | 106,169,918 | — | 106,169,918 | ||||||||||||
| Interest Rate Swaps | — | 5,480,542 | — | 5,480,542 | ||||||||||||
| Liabilities: | ||||||||||||||||
| Centrally Cleared Inflation (CPI) Swaps | — | (23,994,980 | ) | — | (23,994,980 | ) | ||||||||||
| Centrally Cleared Interest Rate Swaps | — | (6,632,422 | ) | — | (6,632,422 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total | $ | (365,031,731 | ) | $ | 9,377,632,352 | $ | 1,934,052 | $ | 9,014,534,673 | |||||||
|
|
|
|
|
|
|
|
|
|||||||||
| (a) | The Fund may hold liabilities in which the fair value approximates the carrying amount for financial statement purposes. |
| (b) | Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value. |
A summary of the Fund’s transactions in AB mutual funds for the nine months ended January 31, 2023 is as follows:
| Fund | Market Value 04/30/2022 (000) |
Purchases at Cost (000) |
Sales Proceeds (000) |
Market Value 01/31/2023 (000) |
Dividend Income (000) |
|||||||||||||||
| Government Money Market Portfolio | $ | 122,400 | $ | 2,197,096 | $ | 2,100,443 | $ | 219,053 | $ | 3,191 | ||||||||||
77