0001752724-20-241025.txt : 20201123 0001752724-20-241025.hdr.sgml : 20201123 20201123142441 ACCESSION NUMBER: 0001752724-20-241025 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201123 PERIOD START: 20201231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY MUNICIPAL TRUST CENTRAL INDEX KEY: 0000035373 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-02628 FILM NUMBER: 201336523 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: MUNICIPAL BOND FUND/MA/ DATE OF NAME CHANGE: 19860327 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19850503 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MUNICIPAL BOND FUND LTD DATE OF NAME CHANGE: 19770201 0000035373 S000007131 Fidelity Municipal Income Fund C000019505 Fidelity Municipal Income Fund FHIGX C000198965 Fidelity Advisor Municipal Income Fund: Class A FHUGX C000198966 Fidelity Advisor Municipal Income Fund: Class M FLUVX C000198967 Fidelity Advisor Municipal Income Fund: Class C FKISX C000198968 Fidelity Advisor Municipal Income Fund: Class I FROGX C000205039 Fidelity Advisor Municipal Income Fund: Class Z FIWEX NPORT-P 1 primary_doc.xml NPORT-P false 0000035373 XXXXXXXX S000007131 C000198966 C000019505 C000205039 C000198967 C000198968 C000198965 Fidelity Municipal Trust 811-02628 0000035373 MC33ZH3HL1S8YN987650 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Municipal Income Fund S000007131 AYRKTAJHGSQR4H4XU147 2020-12-31 2020-09-30 N 4934528715.50 12115588.96 4922413126.54 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 100029.51000000 USD 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12/1/2042 485116ZF7 1200000.00000000 PA USD 1471740.00000000 0.029898750108 Long DBT MUN US N 2 2042-12-01 Fixed 0.04000000 N N N N N N ILLINOIS ST N/A IL ST 5% 03/01/23 452152LD1 4265000.00000000 PA USD 4391030.75000000 0.089204839925 Long DBT MUN US N 2 2023-03-01 Fixed 0.05000000 N N N N N N LOS ANGELES CA HBR DEPT REV N/A LA CA HBR 5% 8/1/2024 @ 544552A51 10100000.00000000 PA USD 11765591.00000000 0.239020795238 Long DBT MUN US N 2 2024-08-01 Fixed 0.05000000 N N N N N N NH HEALTH and ED FACS AUTH REV N/A NH HEFA 5% 07/01/2025 644614X46 980000.00000000 PA USD 1040152.40000000 0.021130944787 Long DBT MUN US N 2 2025-07-01 Fixed 0.05000000 N N N N N N MILWAUKEE CNTY WI ARPT REV N/A MILWAUKEE WI AR 5% 12/1/2023 @ 602248LN4 2960000.00000000 PA USD 3321297.60000000 0.067472955126 Long DBT MUN US N 2 2023-12-01 Fixed 0.05000000 N N N N N N DENVER CO CITY and CNTY ARPT N/A DENVER CO ARPT 5% 11/15/23 @ 249182KH8 1885000.00000000 PA USD 2131935.00000000 0.043310769437 Long DBT MUN US N 2 2023-11-15 Fixed 0.05000000 N N N N N N MASSACHUSETTS ST DEV FIN AGY REV N/A MA DFA 5% 10/1/2031 57584XH53 1015000.00000000 PA USD 1155668.85000000 0.023477689098 Long DBT MUN US N 2 2031-10-01 Fixed 0.05000000 N N N N N N METRO NASHVLL ARPT TN N/A MET NASH AIR TN 4% 7/1/2025 @ 592190ME9 1755000.00000000 PA USD 1994171.40000000 0.040512068953 Long DBT MUN US N 2 2025-07-01 Fixed 0.04000000 N N N N N N WAYNE CNTY MICH ARPT AUTH REV N/A WAYNE MI AAR SER F 5% 12/1/27@ 944514TD0 5790000.00000000 PA USD 6875740.80000000 0.139682318879 Long DBT MUN US N 2 2027-12-01 Fixed 0.05000000 N N N N N N RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV N/A RAILSPLITTER IL 5% 6/1/2028 75076PBA2 2275000.00000000 PA USD 2746926.00000000 0.055804458695 Long DBT MUN US N 2 2028-06-01 Fixed 0.05000000 N N N N N N PENNSYLVANIA ST HIGHER EDL REV N/A PA HEFA 5% 5/1/2037 70917SV59 1295000.00000000 PA USD 1549195.55000000 0.031472278132 Long DBT MUN US N 2 2037-05-01 Fixed 0.05000000 N N N N N N DUBOIS PA HOSP AUTH HOSP REV N/A DUBOIS PA HSP 4% 07/01/37 263804BK1 4140000.00000000 PA USD 4597552.80000000 0.093400384766 Long DBT MUN US N 2 2037-07-15 Fixed 0.04000000 N N N N N N CHATANOOGA TN HEALTH ED and HSG FAC BRD REV N/A CHATANOOGA HLTH 5% 8/1/2033 162410EE0 1250000.00000000 PA USD 1550862.50000000 0.031506142620 Long DBT MUN US N 2 2033-08-01 Fixed 0.05000000 N N N N N N CHICAGO IL OHARE INTL ARPT REV N/A CHICAGO OHARE IL 5% 01/01/34 167593UX8 5050000.00000000 PA USD 5827700.00000000 0.118391119359 Long DBT MUN US N 2 2034-01-01 Fixed 0.05000000 N N N N N N CHICAGO IL BRD ED N/A CHIC IL BOE NATL 5.25 12/1/21 167501WD3 1975000.00000000 PA USD 2074698.00000000 0.042147986092 Long DBT MUN US N 2 2021-12-01 Fixed 0.05250000 N N N N N N SANTA FE NEW MEXICO RETIREMENTFAC REV N/A SANTA NM 2.25% 5/15/2024 802170AS9 140000.00000000 PA USD 135952.60000000 0.002761909585 Long DBT MUN US N 2 2024-05-15 Fixed 0.02250000 N N N N N N NEW HANOVER CNTY NC HOSP REV N/A NEW HNVR NC HSP 5% 10/1/2047 644804FL5 1000000.00000000 PA USD 1173150.00000000 0.023832822842 Long DBT MUN US N 2 2047-10-01 Fixed 0.05000000 N N N N N N BROWARD CO FL ARPT N/A BROW CO FL ARPT 5% 10/1/2029 @ 114894XJ2 2200000.00000000 PA USD 2694362.00000000 0.054736608462 Long DBT MUN US N 2 2029-10-01 Fixed 0.05000000 N N N N N N METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV N/A MET PIER and EXP IL AGM 0% 6/15/47 592248BE7 3000000.00000000 PA USD 1153140.00000000 0.023426314906 Long DBT MUN US N 2 2047-06-15 Fixed 0.00000000 N N N N N N METROPOLITAN WASH DC ARPTS ATH N/A MTRO WA DC ARPT 5% 10/1/24@ 592647HD6 19420000.00000000 PA USD 22693435.20000000 0.461022563864 Long DBT MUN US N 2 2024-10-01 Fixed 0.05000000 N N N N N N ILLINOIS ST N/A IL ST 5% 11/1/25 452152L82 2485000.00000000 PA USD 2704027.90000000 0.054932973533 Long DBT MUN US N 2 2025-11-01 Fixed 0.05000000 N N N N N N NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV N/A NORTHAMPTON CN PA 5% 8/15/36 66353RCB8 615000.00000000 PA USD 710128.20000000 0.014426424230 Long DBT MUN US N 2 2036-08-15 Fixed 0.05000000 N N N N N N HOUSTON TX ARPT SYS REV N/A HOUSTON TX ARPT 5% 7/1/23@ 4423484Q8 2485000.00000000 PA USD 2571527.70000000 0.052241200279 Long DBT MUN US N 2 2023-07-01 Fixed 0.05000000 N N N N N N CHARLOTTE NC ARPT REV N/A CHARLOTTE NC APT 5% 7/1/31@ 161036MX3 395000.00000000 PA USD 479494.45000000 0.009741044436 Long DBT MUN US N 2 2031-07-01 Fixed 0.05000000 N N N N N N STAFFORD CNTY VA ECONOMIC DEV AUTH HOSP FACS REV N/A STAFFORD EDA VA 4% 6/15/37 852431BM6 595000.00000000 PA USD 647520.65000000 0.013154536877 Long DBT MUN US N 2 2037-06-15 Fixed 0.04000000 N N N N N N METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV N/A MET PIER IL 96A MBIA 0%6/15/24 592247KQ2 2535000.00000000 PA USD 2364622.65000000 0.048037874701 Long DBT MUN US N 2 2024-06-15 Fixed 0.00000000 N N N N N N ILLINOIS FIN AUTH RV N/A ILLINOIS FIN AT 4.25% 1/1/2044 45204EN20 2465000.00000000 PA USD 2754588.20000000 0.055960118120 Long DBT MUN US N 2 2044-01-01 Fixed 0.04250000 N N N N N N WISCONSIN ST HEALTH and EDL FACS AUTH REV 549300ISNGXS0VHGVD41 WISCONSIN ST HT 5% 2/15/28 97712DTU0 1965000.00000000 PA USD 2307145.80000000 0.046870218746 Long DBT MUN US N 2 2028-02-15 Fixed 0.05000000 N N N N N N CONNECTICUT ST HEALTH and EDL FACS AUTH REV 549300ZOQJ5U8YBS5Q35 CT ST HLTH and REV 5% 07/01/33 20774Y4M6 2500000.00000000 PA USD 2707350.00000000 0.055000462789 Long DBT MUN US N 2 2033-07-01 Fixed 0.05000000 N N N N N N MONTGOMERY ALA MED CLINIC BRD HEALTH CARE FAC REV N/A MONTGMRY AL MED 5% 3/1/33 613058CY0 4140000.00000000 PA USD 4647150.00000000 0.094407963747 Long DBT MUN US N 2 2033-03-01 Fixed 0.05000000 N N N N N N HOUSTON TX UTIL SYS REV N/A HOUSTON TX UTIL 0% 11/15/2033 44244CZX8 2000000.00000000 PA USD 2706920.00000000 0.054991727236 Long DBT MUN US N 2 2033-11-15 Fixed 0.05000000 N N N N N N RHODE ISLAND HEALTH and EDL BLDG CORP REV N/A RI H and E BLDG CO 5% 5/15/2039 762244FP1 5215000.00000000 PA USD 5725496.35000000 0.116314827764 Long DBT MUN US N 2 2039-05-15 Fixed 0.05000000 N N N N N N COLORADO HEALTH FACS AUTH CO 5493002JB6DRFRZPEQ21 COLORADO HEALTH 4% 8/1/2049 19648FKT0 6100000.00000000 PA USD 6671021.00000000 0.135523387178 Long DBT MUN US N 2 2049-08-01 Fixed 0.04000000 N N N N N N WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV N/A WISE VA IDA SW 1.2% MT 977228AD7 2875000.00000000 PA USD 2925197.50000000 0.059426086856 Long DBT MUN US N 2 2040-11-01 Variable 0.01200000 N N N N N N MISSOURI ST HEFA EDL FACS REV N/A MO HEFA SER B 4% 2/1/40 60637AJX1 660000.00000000 PA USD 716463.00000000 0.014555117207 Long DBT MUN US N 2 2040-02-01 Fixed 0.04000000 N N N N N N HAWAII ST ARPTS SYS REV N/A HI ARPT 5% 7/1/2030 @ 419794ZT2 1240000.00000000 PA USD 1525906.80000000 0.030999161605 Long DBT MUN US N 2 2030-07-01 Fixed 0.05000000 N N N N N N ILLINOIS FIN AUTH RV N/A ILLINOIS FIN AT 5% 2/15/41 45204EFC7 5720000.00000000 PA USD 6771393.20000000 0.137562472428 Long DBT MUN US N 2 2041-02-15 Fixed 0.05000000 N N N N N N GLYNN BRUNSWICK MEM HOSP AUTH GA REV N/A GLYNN BRUNSWICK 5% 8/1/2043 380037GR6 2275000.00000000 PA USD 2605989.75000000 0.052941305067 Long DBT MUN US N 2 2043-08-01 Fixed 0.05000000 N N N N N N OREGON ST HSG and CMNTY SVCS DPT N/A OR ST HSG 4% 7/1/2050 686087F36 7795000.00000000 PA USD 8733985.70000000 0.177433008475 Long DBT MUN US N 2 2050-07-01 Fixed 0.04000000 N N N N N N ILLINOIS FIN AUTH REV N/A IL FIN SER C 5% 8/15/35 45203HY48 6175000.00000000 PA USD 6990408.75000000 0.142011825710 Long DBT MUN US N 2 2035-08-15 Fixed 0.05000000 N N N N N N LOVE FIELD TX ARPT MOD REV N/A LOVE FLD MOD TX 5% 11/1/2030 @ 54714CBF3 830000.00000000 PA USD 975723.10000000 0.019822048148 Long DBT MUN US N 2 2030-11-01 Fixed 0.05000000 N N N N N N NH HEALTH and ED FACS AUTH REV N/A NH HEFA 5% 10/1/2033 6446148B8 3355000.00000000 PA USD 3914412.70000000 0.079522230243 Long DBT MUN US N 2 2033-10-01 Fixed 0.05000000 N N N N N N WAYNE CNTY MICH ARPT AUTH REV N/A WAYNE CO MI AAR 5% 12/1/2031@ 944514WT1 660000.00000000 PA USD 786508.80000000 0.015978114387 Long DBT MUN US N 2 2031-12-01 Fixed 0.05000000 N N N N N N MIAMI-DADE CNTY FLA EXPWY AUTH TOLL SYS REV N/A MIAMI-DADE EXP 5% 7/1/2026 593338AM8 2070000.00000000 PA USD 2400268.50000000 0.048762028669 Long DBT MUN US N 2 2026-07-01 Fixed 0.05000000 N N N N N N NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP 549300CNCK7OT82W5653 NEW HAMPSHIRE A-1 5% 08/01/28 64461XFG5 895000.00000000 PA USD 1119278.05000000 0.022738401292 Long DBT MUN US N 2 2028-08-01 Fixed 0.05000000 N N N N N N HARFORD CNTY MD N/A HARFORD CNTY 5% 7/1/2029 412487JG6 3385000.00000000 PA USD 4590161.55000000 0.093250229755 Long DBT MUN US N 2 2029-07-01 Fixed 0.05000000 N N N N N N VERMONT EDL and HLTH BLDGS FIN AGY N/A VT BLDGS 5% 10/15/46 924166JX0 4720000.00000000 PA USD 4902805.60000000 0.099601668408 Long DBT MUN US N 2 2046-10-15 Fixed 0.05000000 N N N N N N NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP 549300CNCK7OT82W5653 NEW HAMPSHIRE H 5% 7/1/2034 64461XEW1 4415000.00000000 PA USD 5434909.15000000 0.110411479294 Long DBT MUN US N 2 2034-07-01 Fixed 0.05000000 N N N N N N COLUMBUS GA MED CTR HOSP AUTH N/A COLUMBUS MED 5% 7/1/2054 MT 199124BR8 6900000.00000000 PA USD 8714079.00000000 0.177028599103 Long DBT MUN US N 2 2054-07-01 Variable 0.05000000 N N N N N N ILLINOIS FIN AUTH RV N/A ILLINOIS FIN AT 4% 10/1/2034 45204EHU5 830000.00000000 PA USD 905272.70000000 0.018390831422 Long DBT MUN US N 2 2034-10-01 Fixed 0.04000000 N N N N N N 2020-10-30 Laura M. Del Prato Laura M. Del Prato Laura M. Del Prato President and Treasurer XXXX NPORT-EX 2 QTLY_37_20200930.htm

Quarterly Holdings Report
for

Fidelity® Municipal Income Fund

September 30, 2020







HIY-QTLY-1120
1.807726.116





Schedule of Investments September 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Municipal Bonds - 96.8%   
 Principal Amount (000s) Value (000s) 
Alabama - 0.3%   
Auburn Univ. Gen. Fee Rev. Series 2018 A, 5% 6/1/43 2,565 3,152 
Jefferson County Gen. Oblig. Series 2018 A:   
5% 4/1/25 $2,550 $3,051 
5% 4/1/26 2,400 2,959 
Montgomery Med. Clinic Facilities Series 2015, 5% 3/1/33 4,140 4,647 
TOTAL ALABAMA  13,809 
Arizona - 1.8%   
Arizona Health Facilities Auth. Rev. (Banner Health Sys. Proj.) Series 2007 B, 3 month U.S. LIBOR + 0.810% 1.008%, tender 1/1/37 (a)(b) 2,485 2,317 
Arizona Indl. Dev. Auth. Rev. (Provident Group-Eastern Michigan Univ. Parking Proj.) Series 2018:   
5% 5/1/48 910 920 
5% 5/1/51 910 916 
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.) Series 2019, 5%, tender 6/3/24 (a)(c) 10,210 11,783 
Glendale Gen. Oblig. Series 2017:   
5% 7/1/30 2,080 2,550 
5% 7/1/31 3,105 3,789 
Glendale Indl. Dev. Auth. (Terraces of Phoenix Proj.) Series 2018 A:   
5% 7/1/38 235 243 
5% 7/1/48 295 301 
Maricopa County Indl. Dev. Auth. (Creighton Univ. Proj.) Series 2020, 5% 7/1/47 2,400 2,837 
Maricopa County Indl. Dev. Auth. Sr. Living Facilities Series 2016:   
5.75% 1/1/36 (d) 740 747 
6% 1/1/48 (d) 4,540 4,380 
Maricopa County Rev. Series 2016 A:   
5% 1/1/32 8,280 10,034 
5% 1/1/33 4,965 5,988 
Phoenix Civic Impt. Board Arpt. Rev.:   
Series 2013, 5% 7/1/22 (c) 830 891 
Series 2017 A:   
5% 7/1/33 (c) 910 1,079 
5% 7/1/36(c) 1,450 1,703 
5% 7/1/37 (c) 1,075 1,259 
Series 2017 B:   
5% 7/1/29 2,070 2,543 
5% 7/1/33 2,900 3,484 
5% 7/1/36 3,310 3,940 
5% 7/1/37 2,070 2,457 
Phoenix Civic Impt. Corp. Series 2019 A, 5% 7/1/45 6,100 6,700 
Phoenix IDA Student Hsg. Rev. (Downtown Phoenix Student Hsg. II LLC Arizona State Univ. Proj.) Series 2019 A:   
5% 7/1/44 1,000 1,051 
5% 7/1/49 1,125 1,176 
5% 7/1/54 1,330 1,385 
5% 7/1/59 2,000 2,076 
Salt Verde Finl. Corp. Sr. Gas Rev. Series 2007:   
5.25% 12/1/22 1,240 1,353 
5.5% 12/1/29 7,370 9,702 
Scottsdale Indl. Dev. Auth. Hosp. Rev. (Scottsdale Healthcare Proj.) Series 2006 C, 5% 9/1/35 (FSA Insured) 870 873 
TOTAL ARIZONA  88,477 
California - 3.7%   
ABC Unified School District Series 1997 C, 0% 8/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 3,250 2,920 
California Gen. Oblig.:   
Series 2004:   
5.25% 12/1/33 150 151 
5.5% 4/1/28 10 10 
5.5% 4/1/30 
Series 2012, 5.25% 4/1/35 7,080 7,577 
Series 2017, 5% 11/1/29 7,510 9,617 
Series 2019, 5% 4/1/27 4,750 6,069 
Series 2020, 4% 11/1/38 6,500 7,809 
California Muni. Fin. Auth. Student Hsg. (CHF-Davis I, LLC - West Village Student Hsg. Proj.) Series 2018, 5% 5/15/38 7,200 8,433 
California Pub. Fin. Auth. Univ. Hsg. Rev.:   
(Claremont Colleges Proj.) Series 2017 A:   
5% 7/1/27 (d) 1,120 941 
5% 7/1/37 (d) 1,525 1,281 
(NCCD - Claremont Properties LLC - Claremont Colleges Proj.) Series 2017 A, 5% 7/1/47 (d) 335 281 
California Pub. Works Board Lease Rev. (Coalinga State Hosp. Proj.) Series 2013 E:   
5% 6/1/26 1,985 2,228 
5% 6/1/28 5,110 5,730 
California Statewide Cmntys. Dev. Auth. Rev. Series 2015, 5% 2/1/45 2,695 2,690 
Eastern Muni. Wtr. District Fing. Auth. Series 2020 A:   
4% 7/1/38 1,400 1,724 
5% 7/1/36 1,600 2,151 
5% 7/1/37 1,000 1,339 
Folsom Cordova Union School District No. 4 Series A, 0% 10/1/31 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,520 1,265 
Golden State Tobacco Securitization Corp. Tobacco Settlement Rev. Series 2017 A1:   
5% 6/1/23 3,140 3,498 
5% 6/1/24 1,770 2,043 
Kern Cmnty. College District Gen. Oblig. Series 2006:   
0% 11/1/28 (FSA Insured) 4,100 3,689 
0% 11/1/30 (FSA Insured) 4,140 3,541 
Long Beach Unified School District Series 2009, 5.5% 8/1/29 155 156 
Los Angeles Hbr. Dept. Rev. Series 2019 A:   
5% 8/1/22 (c) 5,105 5,514 
5% 8/1/23 (c) 7,775 8,743 
5% 8/1/25 (c) 3,515 4,227 
5% 8/1/26 (c) 1,350 1,665 
Monrovia Unified School District Series B, 0% 8/1/29 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 3,745 3,291 
Oakland Unified School District Alameda County Series 2015 A, 5% 8/1/29 1,450 1,715 
Poway Unified School District:   
(District #2007-1 School Facilities Proj.) Series 2008 A, 0% 8/1/32 4,885 3,963 
Series 2011, 0% 8/1/46 950 447 
Series B:   
0% 8/1/37 6,455 4,487 
0% 8/1/39 19,705 12,818 
Poway Unified School District Pub. Fing. Series 2015 A:   
5% 9/1/24 825 947 
5% 9/1/26 1,050 1,233 
5% 9/1/29 2,185 2,525 
5% 9/1/31 985 1,126 
Sacramento City Fing. Auth. Rev. Series A, 0% 12/1/26 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 4,140 3,760 
San Diego Unified School District:   
Series 2008 C, 0% 7/1/34 2,980 2,288 
Series 2008 E, 0% 7/1/47 (e) 7,205 6,791 
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev. Series 2019 B, 5% 5/1/49 3,765 4,536 
San Jose Fing. Auth. Lease Rev. (Civic Ctr. Proj.) Series 2013 A:   
5% 6/1/27 (Pre-Refunded to 6/1/23 @ 100) 3,815 4,302 
5% 6/1/31 (Pre-Refunded to 6/1/23 @ 100) 4,790 5,402 
San Marcos Unified School District Series 2010 B, 0% 8/1/47 17,635 8,533 
San Mateo County Cmnty. College District Series A, 0% 9/1/26 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 4,495 4,296 
Union Elementary School District Series B, 0% 9/1/22 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,240 1,231 
Univ. of California Regents Med. Ctr. Pool Rev. Series 2013 J, 5% 5/15/48 2,485 2,713 
Washington Township Health Care District Gen. Oblig.:   
Series 2013 A, 5.5% 8/1/38 3,725 4,213 
Series 2013 B, 5.5% 8/1/38 830 939 
Washington Township Health Care District Rev. Series 2010 A:   
5.25% 7/1/30 910 912 
5.5% 7/1/38 3,160 3,171 
West Contra Costa Unified School District Series 2012, 5% 8/1/26 1,655 1,786 
TOTAL CALIFORNIA  182,722 
Colorado - 1.1%   
Arkansas River Pwr. Auth. Rev. Series 2018 A:   
5% 10/1/38 2,080 2,309 
5% 10/1/43 2,600 2,832 
Colorado Health Facilities Auth.:   
(Parkview Med. Ctr., Inc. Proj.) Series 2016:   
4% 9/1/35 1,365 1,487 
4% 9/1/36 1,075 1,167 
5% 9/1/46 6,045 6,803 
Series 2019 A2:   
4% 8/1/49 6,100 6,671 
5% 8/1/37 1,000 1,222 
Colorado Hsg. & Fin. Auth. Series 2019 H, 4.25% 11/1/49 1,535 1,731 
Denver City & County Arpt. Rev.:   
Series 2017 A:   
5% 11/15/23 (c) 1,885 2,132 
5% 11/15/26 (c) 2,855 3,510 
5% 11/15/27 (c) 2,440 3,058 
Series 2018 A:   
5% 12/1/34 (c) 4,245 5,722 
5% 12/1/36 (c) 4,140 4,984 
5% 12/1/37 (c) 8,280 9,937 
TOTAL COLORADO  53,565 
Connecticut - 2.1%   
Connecticut Gen. Oblig.:   
Series 2014 C, 5% 6/15/25 1,390 1,671 
Series 2015 B, 5% 6/15/32 1,980 2,313 
Series 2016 B, 5% 5/15/26 5,095 6,281 
Series 2018 F:   
5% 9/15/23 2,150 2,447 
5% 9/15/24 2,690 3,166 
5% 9/15/25 2,700 3,272 
Series 2020 A:   
4% 1/15/33 10,100 12,027 
4% 1/15/34 8,385 9,930 
Connecticut Health & Edl. Facilities Auth. Rev.:   
(Sacred Heart Univ., CT. Proj.) Series 2017 I-1:   
5% 7/1/26 415 510 
5% 7/1/27 290 363 
5% 7/1/28 525 649 
5% 7/1/29 330 404 
Series 2016 K, 4% 7/1/46 7,315 7,719 
Series 2017 B, 5% 7/1/29 11,995 16,193 
Series 2018 K-3, 5% 7/1/36 895 960 
Series 2019 A:   
5% 7/1/39 (d) 3,930 4,130 
5% 7/1/49 (d) 285 294 
Series 2020 A:   
4% 7/1/37 2,500 2,870 
4% 7/1/38 1,120 1,282 
5% 7/1/32 2,000 2,545 
5% 7/1/34 3,500 4,413 
Series 2020 K, 5% 7/1/44 (d) 1,525 1,632 
Series G, 5% 7/1/50 (d) 1,800 1,917 
Series K1:   
5% 7/1/27 415 464 
5% 7/1/29 1,060 1,181 
5% 7/1/30 830 918 
5% 7/1/31 1,400 1,539 
5% 7/1/32 1,000 1,090 
5% 7/1/33 2,500 2,707 
5% 7/1/34 620 669 
Hbr. Point Infrastructure Impt. District Series 2017:   
5% 4/1/30 (d) 3,785 4,186 
5% 4/1/39 (d) 4,865 5,224 
New Britain Gen. Oblig. Series 2017 C, 5% 3/1/29 (FSA Insured) 885 1,094 
TOTAL CONNECTICUT  106,060 
District Of Columbia - 1.8%   
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev.:   
(Dulles Metrorail And Cap. Impt. Proj.) Series 2019 B, 5% 10/1/47 7,150 8,515 
(Dulles Metrorail and Cap. Impt. Projs.) Series 2019 A:   
5% 10/1/35 2,115 2,621 
5% 10/1/37 2,125 2,615 
5% 10/1/39 2,000 2,447 
5% 10/1/44 7,000 8,461 
Metropolitan Washington DC Arpts. Auth. Sys. Rev.:   
Series 2017 A:   
5% 10/1/31 (c) 1,200 1,461 
5% 10/1/32 (c) 1,855 2,245 
5% 10/1/33 (c) 910 1,096 
5% 10/1/35 (c) 2,070 2,480 
5% 10/1/42 (c) 4,140 4,869 
Series 2020 A:   
5% 10/1/24 (c) 19,420 22,693 
5% 10/1/25 (c) 11,725 14,121 
5% 10/1/26 (c) 9,015 11,121 
5% 10/1/27 (c) 3,125 3,936 
5% 10/1/28 (c) 1,560 1,994 
TOTAL DISTRICT OF COLUMBIA  90,675 
Florida - 8.4%   
Brevard County School Board Ctfs. of Prtn. Series 2015 C, 5% 7/1/28 1,445 1,731 
Broward County Arpt. Sys. Rev.:   
Series 2012 P-1, 5% 10/1/22 (c) 800 867 
Series 2012 Q1, 5% 10/1/25 4,315 4,672 
Series 2017:   
5% 10/1/25 (c) 205 245 
5% 10/1/26 (c) 930 1,136 
5% 10/1/27 (c) 830 1,033 
5% 10/1/29 (c) 2,200 2,694 
5% 10/1/30 (c) 610 743 
5% 10/1/32 (c) 2,900 3,488 
5% 10/1/33 (c) 1,080 1,293 
5% 10/1/34 (c) 1,055 1,261 
5% 10/1/35 (c) 1,240 1,477 
5% 10/1/36 (c) 1,655 1,964 
5% 10/1/37 (c) 1,865 2,207 
5% 10/1/42 (c) 3,520 4,115 
5% 10/1/47 (c) 4,965 5,734 
Series A:   
5% 10/1/23 (c) 1,180 1,327 
5% 10/1/28 (c) 2,485 2,921 
5% 10/1/30 (c) 2,900 3,384 
5% 10/1/31 (c) 2,485 2,888 
5% 10/1/32 (c) 2,320 2,686 
Broward County School Board Ctfs. of Prtn.:   
(Broward County School District Proj.) Series 2016 A, 5% 7/1/28 555 675 
Series 2012 A:   
5% 7/1/24 1,795 1,934 
5% 7/1/27 4,715 5,056 
Series 2015 A:   
5% 7/1/24 1,855 2,152 
5% 7/1/27 830 987 
Series 2015 B, 5% 7/1/24 2,280 2,646 
Series 2016, 5% 7/1/32 1,820 2,182 
Collier County Indl. Dev. Auth. Healthcare Facilities Rev. (NCH Healthcare Sys. Proj.) Series 2011, 6.25% 10/1/39 9,550 9,747 
Duval County School Board Ctfs. of Prtn.:   
Series 2015 B:   
5% 7/1/28 1,705 2,034 
5% 7/1/32 10,120 12,029 
Series 2016 A, 5% 7/1/33 1,110 1,348 
Escambia County Health Facilities Auth. Health Facilities Rev. Series 2020 A, 4% 8/15/45 2,820 3,083 
Florida Mid-Bay Bridge Auth. Rev.:   
Series 2015 A, 5% 10/1/35 5,300 5,989 
Series 2015 C:   
5% 10/1/30 2,705 3,079 
5% 10/1/40 1,655 1,834 
Florida Muni. Pwr. Agcy. Rev.:   
(Requirements Pwr. Supply Proj.) Series 2016 A:   
5% 10/1/30 1,810 2,221 
5% 10/1/31 1,975 2,420 
(St. Lucie Proj.) Series 2012 A, 5% 10/1/26 3,065 3,327 
Series 2015 B:   
5% 10/1/28 830 994 
5% 10/1/30 1,490 1,771 
Greater Orlando Aviation Auth. Arpt. Facilities Rev.:   
Series 2016 A, 5% 10/1/46 (c) 830 950 
Series 2016:   
5% 10/1/20 (c) 165 165 
5% 10/1/21 (c) 1,280 1,336 
5% 10/1/22 (c) 830 900 
5% 10/1/26 (c) 1,405 1,712 
5% 10/1/27 (c) 830 1,031 
Series 2017 A:   
5% 10/1/25 (c) 830 993 
5% 10/1/27 (c) 1,655 2,057 
5% 10/1/29 (c) 2,485 3,032 
5% 10/1/30 (c) 2,665 3,227 
5% 10/1/32 (c) 5,590 6,671 
5% 10/1/34 (c) 4,965 5,887 
5% 10/1/35 (c) 6,565 7,757 
5% 10/1/36 (c) 6,210 7,312 
5% 10/1/37 (c) 5,175 6,077 
Halifax Hosp. Med. Ctr. Rev. Series 2015:   
4% 6/1/27 1,165 1,297 
5% 6/1/24 230 263 
Jacksonville Sales Tax Rev. Series 2012, 5% 10/1/25 830 907 
Lake County School Board Ctfs. of Prtn. Series 2014 A:   
5% 6/1/27 (FSA Insured) 830 959 
5% 6/1/28 (FSA Insured) 830 957 
5% 6/1/30 (FSA Insured) 1,865 2,142 
Lee County Arpt. Rev. Series 2011 A, 5.375% 10/1/32 (c) 5,225 5,395 
Miami-Dade County Aviation Rev.:   
Series 2012 A:   
5% 10/1/21 (c) 1,575 1,646 
5% 10/1/22 (c) 830 897 
5% 10/1/23 (c) 6,375 6,882 
5% 10/1/24 (c) 7,490 8,089 
Series 2014 A:   
5% 10/1/28 (c) 4,140 4,720 
5% 10/1/33 (c) 6,940 7,800 
5% 10/1/36 (c) 13,125 14,681 
Series 2015 A:   
5% 10/1/29 (c) 1,310 1,522 
5% 10/1/31 (c) 1,100 1,268 
5% 10/1/35 (c) 4,555 5,104 
Series 2016 A:   
5% 10/1/29 1,200 1,443 
5% 10/1/31 1,450 1,727 
Series 2017 B, 5% 10/1/40 (c) 10,760 12,550 
Miami-Dade County Cap. Asset Acquisition Series 2012 A, 5% 10/1/26 3,105 3,367 
Miami-Dade County Expressway Auth.:   
Series 2014 A, 5% 7/1/44 2,900 3,220 
Series 2014 B:   
5% 7/1/26 2,070 2,400 
5% 7/1/27 1,450 1,676 
5% 7/1/28 830 958 
Series 2016 A:   
5% 7/1/32 3,560 4,257 
5% 7/1/33 3,020 3,597 
Miami-Dade County School Board Ctfs. of Prtn.:   
Series 2015 A:   
5% 5/1/27 (FSA Insured) 645 773 
5% 5/1/29 3,375 4,002 
Series 2016 A, 5% 5/1/30 6,225 7,549 
Miami-Dade County Wtr. & Swr. Rev. Series 2017 B, 4% 10/1/35 3,900 4,555 
Orange County Health Facilities Auth.:   
Series 2012 A, 5% 10/1/42 9,975 10,421 
Series 2016 A:   
5% 10/1/39 2,200 2,569 
5% 10/1/44 1,605 1,852 
Orange County School Board Ctfs. of Prtn. Series 2015 C, 5% 8/1/30 8,280 9,918 
Palm Beach County Arpt. Sys. Rev. Series 2016:   
5% 10/1/21 (c) 995 1,039 
5% 10/1/23 (c) 1,095 1,227 
5% 10/1/24 (c) 1,140 1,318 
5% 10/1/27 (c) 830 1,000 
5% 10/1/29 (c) 860 1,021 
5% 10/1/30 (c) 1,530 1,807 
5% 10/1/31 (c) 1,075 1,265 
5% 10/1/32 (c) 1,655 1,937 
5% 10/1/33 (c) 3,555 4,146 
5% 10/1/34 (c) 3,730 4,341 
5% 10/1/35 (c) 3,930 4,560 
Palm Beach County Health Facilities Auth. Hosp. Rev. Series 2014, 5% 12/1/22 (Escrowed to Maturity) 555 611 
Palm Beach County School Board Ctfs. of Prtn. Series 2015 D:   
5% 8/1/28 3,905 4,723 
5% 8/1/29 4,965 5,989 
Pinellas County Idr (Drs. Kiran & Pallavi Patel 2017 Foundation for Global Understanding, Inc. Proj.) Series 2019:   
5% 7/1/29 400 443 
5% 7/1/39 810 908 
South Florida Wtr. Mgmt. District Ctfs. of Prtn. Series 2015:   
5% 10/1/29 4,140 5,013 
5% 10/1/32 5,190 6,217 
South Miami Health Facilities Auth. Hosp. Rev. (Baptist Med. Ctr., FL. Proj.) Series 2017:   
4% 8/15/33 2,070 2,345 
5% 8/15/26 2,815 3,462 
5% 8/15/27 1,865 2,342 
5% 8/15/28 1,240 1,541 
5% 8/15/30 2,685 3,291 
5% 8/15/31 2,590 3,159 
5% 8/15/32 1,930 2,341 
5% 8/15/34 5,360 6,458 
5% 8/15/35 3,555 4,269 
5% 8/15/42 5,465 6,443 
5% 8/15/47 8,115 9,497 
Tallahassee Health Facilities Rev.:   
(Tallahassee Memorial Healthcare, Inc. Proj.) Series 2016 A, 5% 12/1/41 910 1,017 
Series 2015 A, 5% 12/1/40 1,820 2,018 
Tampa Tax Allocation (H. Lee Moffitt Cancer Ctr. Proj.) Series 2012 A:   
5% 9/1/22 1,905 2,067 
5% 9/1/25 340 367 
Volusia County Edl. Facilities Auth. Rev. (Embry-Riddle Aeronautical Univ., Inc. Proj.) Series 2020 A:   
5% 10/15/44 905 1,104 
5% 10/15/49 1,705 2,065 
Volusia County School Board Ctfs. of Prtn.:   
(Florida Master Lease Prog.) Series 2016 A:   
5% 8/1/29 (Build America Mutual Assurance Insured) 830 1,005 
5% 8/1/32 (Build America Mutual Assurance Insured) 4,140 4,983 
(Master Lease Prog.) Series 2014 B:   
5% 8/1/25 1,470 1,706 
5% 8/1/26 280 325 
TOTAL FLORIDA  413,214 
Georgia - 1.9%   
Atlanta Arpt. Rev. Series 2019 B, 5% 7/1/25 (c) 1,870 2,237 
Atlanta Wtr. & Wastewtr. Rev. Series 2015, 5% 11/1/27 830 997 
Bartow County Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Bowen Proj.) Series 1997 1, 2.05%, tender 11/19/21 (a) 1,655 1,682 
Columbus Med. Ctr. Hosp. Auth. Bonds (Piedmont Healthcare, Inc. Proj.) Series 2019 B, 5%, tender 7/1/29 (a) 6,900 8,714 
DeKalb County Wtr. & Swr. Rev. Series 2011 A, 5.25% 10/1/36 2,485 2,589 
Fulton County Dev. Auth. Rev. Series 2019:   
4% 6/15/49 1,515 1,706 
5% 6/15/52 5,540 6,759 
Georgia Muni. Gas Auth. Rev. (Gas Portfolio III Proj.) Series S, 5% 10/1/22 2,835 3,103 
Glynn-Brunswick Memorial Hosp. Auth. Rev. (Southeast Georgia Health Sys. Proj.) Series 2017:   
4% 8/1/43 1,860 1,986 
5% 8/1/39 1,705 1,922 
5% 8/1/43 2,275 2,606 
Hosp. Auth. of Savannah Auth. Rev. Series 2019 A:   
4% 7/1/35 1,400 1,587 
4% 7/1/36 4,500 5,061 
4% 7/1/43 6,160 6,723 
Main Street Natural Gas, Inc. Bonds Series 2018 C, 4%, tender 12/1/23 (a) 21,230 23,374 
Private Colleges & Univs. Auth. Rev.:   
(Agnes Scott College) Series 2019 A, 5% 6/1/28 1,000 1,235 
(The Savannah College of Art and Design Projs.) Series 2014:   
5% 4/1/25 2,900 3,284 
5% 4/1/30 1,655 1,839 
5% 4/1/44 3,160 3,428 
Series 2019 A, 5% 6/1/29 800 1,003 
Series 2020 B:   
5% 9/1/25 4,290 5,270 
5% 9/1/31 2,490 3,372 
5% 9/1/32 1,880 2,526 
TOTAL GEORGIA  93,003 
Hawaii - 0.8%   
Hawaii Arpts. Sys. Rev.:   
Series 2015 A:   
5% 7/1/41 (c) 6,210 7,092 
5% 7/1/45 (c) 18,015 20,469 
Series 2018 A:   
5% 7/1/29 (c) 1,055 1,307 
5% 7/1/30 (c) 1,240 1,526 
5% 7/1/31 (c) 1,215 1,486 
5% 7/1/32 (c) 1,240 1,506 
5% 7/1/33 (c) 1,265 1,528 
State of Hawaii Dept. of Trans. Series 2013:   
5% 8/1/22 (c) 1,305 1,397 
5.25% 8/1/24 (c) 1,655 1,842 
5.25% 8/1/25 (c) 2,070 2,300 
TOTAL HAWAII  40,453 
Idaho - 0.0%   
Idaho Hsg. & Fin. Assoc. Single Family Mtg. Series 2019 A, 4% 1/1/50 745 833 
Illinois - 21.8%   
Boone & Winnebago County Cmnty. Unit School District 200 Series 2002:   
0% 1/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,500 1,498 
0% 1/1/22 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,615 1,600 
Chicago Board of Ed.:   
Series 1998 B1, 0% 12/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,960 1,916 
Series 1999 A, 5.25% 12/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,975 2,075 
Series 2010 F, 5% 12/1/20 1,070 1,076 
Series 2011 A:   
5% 12/1/41 4,790 4,837 
5.25% 12/1/41 2,965 3,006 
5.5% 12/1/39 6,540 6,662 
Series 2012 A, 5% 12/1/42 7,630 7,745 
Series 2015 C, 5.25% 12/1/39 1,405 1,486 
Series 2016 B, 6.5% 12/1/46 660 771 
Series 2017 A, 7% 12/1/46 (d) 2,320 2,862 
Series 2017 C:   
5% 12/1/22 2,175 2,303 
5% 12/1/23 1,880 2,031 
5% 12/1/24 4,770 5,233 
5% 12/1/25 2,725 3,034 
5% 12/1/26 800 899 
5% 12/1/30 2,105 2,333 
5% 12/1/34 1,245 1,359 
Series 2017 D:   
5% 12/1/23 2,460 2,654 
5% 12/1/24 1,030 1,130 
5% 12/1/31 2,485 2,740 
Series 2017 H, 5% 12/1/36 95 103 
Series 2018 A:   
5% 12/1/25 830 924 
5% 12/1/26 830 933 
5% 12/1/28 3,915 4,439 
5% 12/1/30 1,655 1,852 
5% 12/1/32 950 1,047 
5% 12/1/35 830 905 
Series 2018 C, 5% 12/1/46 3,250 3,461 
Series 2019 A:   
4% 12/1/27 5,000 5,321 
5% 12/1/22 1,575 1,667 
5% 12/1/27 1,625 1,833 
5% 12/1/28 2,910 3,300 
5% 12/1/28 2,000 2,268 
5% 12/1/33 1,300 1,435 
Chicago Gen. Oblig. Series 2020 A:   
5% 1/1/27 430 462 
5% 1/1/28 6,400 6,916 
5% 1/1/29 5,675 6,137 
5% 1/1/30 3,125 3,384 
5% 1/1/31 3,760 4,010 
Chicago Midway Arpt. Rev.:   
Series 2014 A:   
5% 1/1/27 (c) 8,550 9,518 
5% 1/1/28 (c) 15,855 17,591 
5% 1/1/33 (c) 4,450 4,879 
5% 1/1/34 (c) 2,150 2,353 
Series 2016 A, 5% 1/1/28 (c) 1,655 1,931 
Series 2016 B:   
4% 1/1/35 1,305 1,406 
5% 1/1/36 1,655 1,906 
5% 1/1/37 2,235 2,568 
5% 1/1/46 5,865 6,666 
Chicago O'Hare Int'l. Arpt. Rev.:   
Series 2013 B, 5% 1/1/27 5,195 5,701 
Series 2013 D, 5% 1/1/27 2,650 2,908 
Series 2015 A:   
5% 1/1/31 (c) 5,000 5,752 
5% 1/1/32 (c) 10,100 11,584 
Series 2015 C:   
5% 1/1/24 (c) 1,190 1,344 
5% 1/1/46 (c) 1,985 2,236 
Series 2016 B, 5% 1/1/34 5,050 5,828 
Series 2016 C:   
5% 1/1/33 2,255 2,610 
5% 1/1/34 2,610 3,012 
Series 2016 G:   
5% 1/1/37 (c) 1,655 1,920 
5% 1/1/42 (c) 1,655 1,895 
5.25% 1/1/29 (c) 290 352 
5.25% 1/1/31 (c) 330 396 
Series 2017 A, 5% 1/1/31 2,925 3,510 
Series 2017 B:   
5% 1/1/35 1,740 2,041 
5% 1/1/37 7,080 8,251 
Series 2017 C:   
5% 1/1/30 495 598 
5% 1/1/31 495 594 
5% 1/1/32 540 643 
Series 2017 D:   
5% 1/1/28 (c) 2,475 2,989 
5% 1/1/29 (c) 2,070 2,481 
5% 1/1/32 (c) 2,235 2,637 
5% 1/1/34 (c) 3,360 3,932 
5% 1/1/35 (c) 2,485 2,901 
5% 1/1/36 (c) 3,090 3,596 
5% 1/1/37 (c) 1,655 1,920 
Series 2018 A:   
5% 1/1/48 (c) 2,215 2,597 
5% 1/1/53 (c) 3,790 4,408 
Chicago O'Hare Int'l. Arpt. Spl. Facilities Rev. Series 2018:   
5% 7/1/38 (c) 2,185 2,494 
5% 7/1/48 (c) 9,030 10,108 
Chicago Transit Auth.:   
Series 2014, 5.25% 12/1/49 14,900 16,789 
Series 2017, 5% 12/1/46 3,395 3,899 
Chicago Transit Auth. Cap. Grant Receipts Rev. Series 2017:   
5% 6/1/22 1,670 1,789 
5% 6/1/23 1,505 1,673 
5% 6/1/24 255 293 
5% 6/1/25 255 302 
5% 6/1/26 205 249 
Cook County Forest Preservation District:   
Series 2012 A, 5% 11/15/22 1,655 1,794 
Series 2012 C, 5% 12/15/21 830 870 
Cook County Gen. Oblig.:   
Series 2010 A:   
5.25% 11/15/22 570 573 
5.25% 11/15/33 14,925 14,985 
Series 2010 G, 5% 11/15/25 2,815 2,828 
Series 2012 C, 5% 11/15/24 9,190 9,952 
Series 2016 A:   
5% 11/15/26 4,420 5,381 
5% 11/15/27 2,320 2,808 
5% 11/15/28 3,020 3,631 
5% 11/15/29 3,760 4,499 
5% 11/15/30 4,140 4,931 
Illinois Fin. Auth. Rev.:   
(Bradley Univ. Proj.) Series 2017 C:   
5% 8/1/29 1,090 1,248 
5% 8/1/30 760 865 
5% 8/1/32 1,015 1,144 
(Depaul Univ. Proj.) Series 2016 A:   
4% 10/1/34 830 905 
5% 10/1/29 830 981 
5% 10/1/30 830 977 
5% 10/1/35 1,655 1,913 
(OSF Healthcare Sys.) Series 2018 A:   
4.125% 5/15/47 25,725 28,496 
5% 5/15/43 34,525 41,108 
(Presence Health Proj.) Series 2016 C:   
3.625% 2/15/32 950 1,045 
4% 2/15/33 225 254 
5% 2/15/25 190 226 
5% 2/15/26 2,525 3,097 
5% 2/15/29 5,110 6,316 
5% 2/15/36 1,160 1,394 
(Rosalind Franklin Univ. Research Bldg. Proj.) Series 2017 C, 5% 8/1/46 830 901 
(Rush Univ. Med. Ctr. Proj.) Series 2015 A, 5% 11/15/34 415 473 
Series 2012 A:   
5% 5/15/22 1,805 1,924 
5% 5/15/23 250 266 
Series 2012:   
4% 9/1/32 7,265 7,564 
5% 9/1/32 1,575 1,679 
5% 9/1/38 21,730 23,245 
5% 11/15/43 4,315 4,562 
Series 2013:   
5% 11/15/24 415 453 
5% 11/15/27 85 92 
5% 11/15/28 2,380 2,575 
5% 11/15/29 1,160 1,253 
Series 2015 A:   
5% 11/15/21 495 520 
5% 11/15/35 1,985 2,282 
5% 11/15/45 2,670 3,019 
Series 2015 B, 5% 11/15/27 2,615 3,067 
Series 2015 C:   
4.125% 8/15/37 735 786 
5% 8/15/35 6,175 6,990 
5% 8/15/44 30,175 33,436 
Series 2016 A:   
5% 8/15/22 (Escrowed to Maturity) 830 902 
5% 8/15/25 (Escrowed to Maturity) 1,970 2,404 
5% 7/1/28 1,020 1,223 
5% 2/15/29 4,255 5,057 
5% 2/15/30 4,490 5,314 
5% 7/1/30 590 699 
5% 2/15/31 3,620 4,267 
5% 7/1/31 1,040 1,227 
5% 2/15/32 3,520 4,133 
5% 7/1/33 540 632 
5% 7/1/34 4,140 4,833 
5% 8/15/35 (Pre-Refunded to 8/15/26 @ 100) 420 530 
5% 7/1/36 2,140 2,484 
5% 8/15/36 (Pre-Refunded to 8/15/26 @ 100) 1,685 2,127 
5.25% 8/15/31 (Pre-Refunded to 8/15/26 @ 100) 495 632 
Series 2016 B:   
5% 8/15/31 6,095 7,342 
5% 8/15/32 5,000 5,992 
5% 8/15/34 6,220 7,407 
5% 8/15/36 8,680 10,271 
Series 2016 C:   
3.75% 2/15/34 1,215 1,344 
4% 2/15/36 5,160 5,778 
4% 2/15/41 14,125 15,619 
4% 2/15/41 (Pre-Refunded to 2/15/27 @ 100) 655 797 
5% 2/15/24 555 638 
5% 2/15/30 6,425 7,902 
5% 2/15/31 12,595 15,418 
5% 2/15/32 3,660 4,459 
5% 2/15/34 2,920 3,529 
5% 2/15/41 5,720 6,771 
Series 2016:   
4% 2/15/41 (Pre-Refunded to 2/15/27 @ 100) 30 37 
5% 5/15/29 1,040 1,235 
5% 12/1/29 1,420 1,676 
5% 5/15/30 2,200 2,601 
5% 12/1/46 3,865 4,373 
Series 2017 A:   
5% 1/1/36 1,860 2,175 
5% 8/1/42 730 797 
Series 2017:   
5% 1/1/29 2,775 3,514 
5% 7/1/34 4,640 5,771 
5% 7/1/35 3,900 4,836 
Series 2018 A:   
4.25% 1/1/44 2,465 2,755 
5% 1/1/44 14,900 17,388 
Series 2019:   
4% 9/1/37 600 612 
4% 9/1/41 1,000 1,009 
5% 9/1/36 1,000 1,105 
Illinois Gen. Oblig.:   
Series 2010, 5% 1/1/21 (FSA Insured) 2,565 2,572 
Series 2012 A, 4% 1/1/23 2,090 2,122 
Series 2012:   
5% 8/1/21 1,985 2,032 
5% 3/1/23 4,265 4,391 
5% 8/1/23 3,810 4,027 
Series 2013:   
5% 1/1/22 2,420 2,425 
5.5% 7/1/24 830 884 
5.5% 7/1/25 4,315 4,593 
Series 2014:   
5% 2/1/22 880 912 
5% 2/1/23 3,665 3,843 
5% 2/1/25 3,005 3,189 
5% 2/1/26 2,270 2,402 
5% 4/1/28 1,895 1,993 
5% 5/1/28 1,780 1,873 
5.25% 2/1/31 360 376 
Series 2016:   
5% 2/1/23 1,500 1,573 
5% 2/1/24 8,285 8,817 
5% 6/1/25 7,295 7,900 
5% 11/1/25 2,485 2,704 
5% 6/1/26 995 1,088 
5% 2/1/27 5,585 6,135 
Series 2017 D:   
5% 11/1/21 100 103 
5% 11/1/22 19,770 20,586 
5% 11/1/23 20,695 21,829 
5% 11/1/24 28,975 30,875 
5% 11/1/25 28,795 30,955 
5% 11/1/26 8,690 9,383 
5% 11/1/27 2,900 3,146 
Series 2018 A, 5% 10/1/28 230 254 
Series 2019 B:   
5% 9/1/21 3,990 4,095 
5% 9/1/22 3,915 4,101 
5% 9/1/23 3,990 4,224 
5% 9/1/24 3,990 4,280 
Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev. Series 2019, 2.9% 7/1/35 6,235 6,697 
Illinois Muni. Elec. Agcy. Pwr. Supply Series 2015 A, 5% 2/1/31 3,370 3,982 
Illinois Toll Hwy. Auth. Toll Hwy. Rev.:   
Series 2015 A, 5% 1/1/37 3,020 3,533 
Series 2016 A:   
5% 12/1/31 5,825 6,954 
5% 12/1/32 8,525 10,138 
Kane, McHenry, Cook & DeKalb Counties Unit School District #300 Series 2002, 0% 12/1/21 (AMBAC Insured) 2,560 2,537 
Kendall, Kane & Will Counties Cmnty. Unit School District #308 Series 2016:   
5% 2/1/34 5,795 6,830 
5% 2/1/35 4,140 4,870 
5% 2/1/36 7,120 8,351 
Lake County Cmnty. High School District #117, Antioch Series 2000 B, 0% 12/1/20 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,495 1,493 
McHenry & Kane Counties Cmnty. Consolidated School District #158 Series 2004, 0% 1/1/24 (FSA Insured) 4,220 4,083 
Metropolitan Pier & Exposition:   
(McCormick Place Expansion Proj.):   
Series 1996 A, 0% 6/15/23 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 5,215 4,999 
Series 2010 B1:   
0% 6/15/43 (FSA Insured) 41,985 19,000 
0% 6/15/44 (FSA Insured) 48,430 21,056 
0% 6/15/45 (FSA Insured) 25,250 10,528 
0% 6/15/47 (FSA Insured) 3,000 1,153 
Series 2012 B, 0% 12/15/51 10,845 2,736 
Series A:   
0% 6/15/22 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,045 1,023 
0% 12/15/24 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 2,560 2,356 
Series 1996 A, 0% 6/15/24 2,535 2,365 
Series 1998 A, 5.5% 12/15/23 (FGIC Insured) (Pre-Refunded to 12/15/23 @ 100) 10 11 
Series 2017 B:   
5% 12/15/25 830 938 
5% 12/15/26 2,755 3,154 
5% 12/15/27 295 342 
5% 12/15/31 560 636 
5% 12/15/34 330 371 
Northern Illinois Univ. Revs. Series 2020 B:   
5% 4/1/26 (Build America Mutual Assurance Insured) 1,400 1,668 
5% 4/1/28 (Build America Mutual Assurance Insured) 1,300 1,609 
5% 4/1/30 (Build America Mutual Assurance Insured) 1,000 1,277 
5% 4/1/32 (Build America Mutual Assurance Insured) 1,295 1,631 
Railsplitter Tobacco Settlement Auth. Rev. Series 2017:   
5% 6/1/27 4,140 5,032 
5% 6/1/28 2,275 2,747 
Univ. of Illinois Rev.:   
(Auxiliary Facilities Sys. Proj.) Series 1999 A, 0% 4/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 4,110 4,084 
Series 2013:   
6% 10/1/42 4,555 5,015 
6.25% 10/1/38 4,495 5,003 
Series 2018 A, 5% 4/1/30 3,425 4,224 
Will County Cmnty. Unit School District #365-U Series 2007 B, 0% 11/1/26 (FSA Insured) 5,095 4,807 
Will County Illinois Series 2016:   
5% 11/15/31 1,340 1,620 
5% 11/15/32 1,020 1,231 
5% 11/15/33 1,240 1,493 
5% 11/15/34 1,240 1,490 
TOTAL ILLINOIS  1,074,369 
Indiana - 1.3%   
Indiana Fin. Auth. Rev.:   
Series 2015 A, 5.25% 2/1/32 5,845 6,792 
Series 2016:   
4% 9/1/21 330 341 
5% 9/1/22 250 270 
5% 9/1/23 375 421 
5% 9/1/24 560 650 
5% 9/1/26 1,075 1,321 
5% 9/1/27 540 660 
5% 9/1/28 2,535 3,073 
5% 9/1/29 1,240 1,496 
5% 9/1/30 1,160 1,393 
Indiana Fin. Auth. Wastewtr. Util. Rev.:   
(CWA Auth. Proj.):   
Series 2012 A, 5% 10/1/26 2,105 2,299 
Series 2015 A, 5% 10/1/30 3,990 4,658 
Series 2011 A, 5.25% 10/1/25 1,450 1,521 
Indianapolis Local Pub. Impt.:   
(Indianapolis Arpt. Auth. Proj.) Series 2019 I, 5% 1/1/44 5,100 6,251 
Series 2016:   
4% 1/1/32 (c) 830 906 
4% 1/1/33 (c) 830 902 
4% 1/1/34 (c) 1,010 1,094 
4% 1/1/35 (c) 2,300 2,486 
5% 1/1/26 (c) 875 1,040 
Lake Central Multi-District School Bldg. Corp. Series 2012 B, 5% 1/15/30 (Pre-Refunded to 1/15/23 @ 100) 1,700 1,885 
Purdue Univ. Rev. Series 2018 DD:   
5% 7/1/34 995 1,272 
5% 7/1/35 1,960 2,497 
5% 7/1/36 2,130 2,703 
5% 7/1/37 1,970 2,492 
5% 7/1/38 2,345 2,958 
Saint Joseph County Econ. Dev. Auth. Rev. (St. Mary's College Proj.):   
Series 2019:   
4% 4/1/38 260 282 
4% 4/1/46 6,035 6,418 
5% 4/1/43 460 542 
Series 2020:   
4% 4/1/38 1,510 1,640 
5% 4/1/32 1,805 2,213 
TOTAL INDIANA  62,476 
Iowa - 0.1%   
Iowa Fin. Auth. Rev. Series A:   
5% 5/15/43 1,145 1,216 
5% 5/15/48 1,300 1,370 
Iowa Student Ln. Liquidity Corp. Student Ln. Rev. Series 2019 B:   
5% 12/1/26 (c) 1,850 2,147 
5% 12/1/27 (c) 1,965 2,314 
TOTAL IOWA  7,047 
Kansas - 0.2%   
Wyandotte County/Kansas City Unified Govt. Util. Sys. Rev. Series 2016 A:   
5% 9/1/40 3,740 4,352 
5% 9/1/45 5,630 6,503 
TOTAL KANSAS  10,855 
Kentucky - 1.3%   
Kenton County Arpt. Board Arpt. Rev. Series 2016:   
5% 1/1/21 540 546 
5% 1/1/22 600 633 
5% 1/1/23 350 384 
5% 1/1/28 1,310 1,563 
5% 1/1/31 1,240 1,458 
5% 1/1/32 1,240 1,452 
Kentucky Econ. Dev. Fin. Auth.:   
Series 2019 A1:   
5% 8/1/35 1,000 1,232 
5% 8/1/44 1,000 1,196 
Series 2019 A2, 5% 8/1/44 2,995 3,582 
Kentucky State Property & Buildings Commission Rev. (Proj. No. 119) Series 2018:   
5% 5/1/26 830 1,014 
5% 5/1/27 2,435 3,040 
5% 5/1/29 4,510 5,672 
5% 5/1/32 1,185 1,483 
5% 5/1/33 915 1,139 
5% 5/1/34 1,045 1,296 
5% 5/1/35 615 746 
5% 5/1/36 520 628 
Kentucky, Inc. Pub. Energy Bonds Series A, 4%, tender 6/1/26 (a) 10,000 11,567 
Louisville & Jefferson County:   
Bonds:   
Series 2020 B, 5%, tender 10/1/23 (a) 4,930 5,550 
Series 2020 C, 5%, tender 10/1/26 (a) 1,695 2,069 
Series 2020 D, 5%, tender 10/1/29 (a) 2,030 2,576 
Series 2013 A:   
5.5% 10/1/33 2,815 3,137 
5.75% 10/1/38 7,255 8,078 
Series 2020 A:   
5% 10/1/37 2,405 2,978 
5% 10/1/38 2,300 2,839 
TOTAL KENTUCKY  65,858 
Louisiana - 1.2%   
Louisiana Pub. Facilities Auth. Hosp. Rev. (Franciscan Missionaries of Our Lady Health Sys. Proj.) Series 2017 A, 5% 7/1/47 1,950 2,264 
Louisiana Pub. Facilities Auth. Rev.:   
(Tulane Univ. of Louisiana Proj.) Series 2016 A:   
5% 12/15/24 1,240 1,469 
5% 12/15/25 2,585 3,156 
5% 12/15/26 1,045 1,306 
5% 12/15/28 1,655 2,037 
5% 12/15/29 1,175 1,439 
5% 12/15/30 2,320 2,829 
Series 2018 E:   
5% 7/1/37 1,615 1,993 
5% 7/1/38 1,260 1,550 
New Orleans Aviation Board Rev.:   
(North Term. Proj.):   
Series 2015 B:   
5% 1/1/27 (c) 1,160 1,334 
5% 1/1/29 (c) 4,295 4,899 
5% 1/1/30 (c) 5,795 6,590 
5% 1/1/31 (c) 2,070 2,348 
5% 1/1/40 (c) 14,560 16,246 
Series 2017 B:   
5% 1/1/27 (c) 330 398 
5% 1/1/28 (c) 205 245 
5% 1/1/32 (c) 330 386 
5% 1/1/33 (c) 580 675 
5% 1/1/34 (c) 180 208 
5% 1/1/35 (c) 330 381 
Series 2017 D2:   
5% 1/1/27 (c) 415 501 
5% 1/1/28 (c) 595 712 
5% 1/1/31 (c) 530 622 
5% 1/1/33 (c) 850 989 
5% 1/1/34 (c) 1,020 1,181 
5% 1/1/36 (c) 775 892 
5% 1/1/37 (c) 1,275 1,463 
TOTAL LOUISIANA  58,113 
Maine - 1.2%   
Maine Health & Higher Edl. Facilities Auth. Rev.:   
(Eastern Maine Healthcare Systems Proj.) Series 2013, 5% 7/1/43 3,745 3,900 
Series 2011, 7.5% 7/1/32 4,235 4,365 
Series 2013, 5% 7/1/25 1,475 1,610 
Series 2016 A:   
4% 7/1/41 1,935 1,977 
4% 7/1/46 3,180 3,218 
5% 7/1/41 8,620 9,317 
5% 7/1/46 22,975 24,644 
Series 2017 B:   
4% 7/1/25 375 416 
4% 7/1/31 580 638 
4% 7/1/32 415 454 
4% 7/1/34 835 904 
5% 7/1/26 270 320 
5% 7/1/28 420 503 
5% 7/1/29 330 392 
5% 7/1/33 830 961 
5% 7/1/35 630 725 
Maine Tpk. Auth. Tpk. Rev. Series 2015:   
5% 7/1/32 870 1,025 
5% 7/1/36 2,150 2,511 
5% 7/1/38 555 646 
TOTAL MAINE  58,526 
Maryland - 1.1%   
City of Westminster Series 2016:   
5% 11/1/27 2,150 2,452 
5% 11/1/28 2,275 2,580 
5% 11/1/29 2,410 2,714 
5% 11/1/30 2,555 2,854 
Harford County Gen. Oblig.:   
Series 2020 A:   
5% 10/1/27 2,000 2,610 
5% 10/1/29 2,000 2,727 
Series 2020 B:   
5% 7/1/28 3,465 4,592 
5% 7/1/29 3,385 4,590 
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev. Series 2019 B, 4% 9/1/49 4,205 4,700 
Maryland Econ. Dev. Auth. Rev. (Ports America Chesapeake LLC. Proj.) Series 2017 A:   
5% 6/1/30 1,035 1,195 
5% 6/1/35 1,655 1,856 
Maryland Econ. Dev. Corp. (Purple Line Lt. Rail Proj.) Series 2016 D:   
5% 3/31/41 (c) 1,505 1,488 
5% 3/31/46 (c) 2,485 2,455 
Maryland Health & Higher Edl. Facilities Auth. Rev.:   
(Medstar Health, Inc. Proj.) Series 2017 A, 5% 5/15/45 2,645 3,070 
Series 2015, 5% 7/1/24 625 718 
Series 2016 A:   
4% 7/1/42 1,430 1,511 
5% 7/1/35 575 652 
Maryland Trans. Auth. Trans. Facility Projs. Rev. Series 2020:   
4% 7/1/45 5,010 5,887 
4% 7/1/50 2,920 3,405 
Rockville Mayor & Council Econ. Dev. (Rfdg.-Ingleside King Farm Proj.) Series 2017, 3% 11/1/25 405 405 
TOTAL MARYLAND  52,461 
Massachusetts - 3.5%   
Massachusetts Dev. Fin. Agcy. Rev.:   
(Lawrence Gen. Hosp.) Series 2017, 5% 7/1/21 380 381 
(Lesley Univ. Proj.) Series 2016, 5% 7/1/39 1,360 1,537 
(Partners Healthcare Sys., Inc. Proj.):   
Series 2017 S:   
5% 7/1/30 3,210 4,024 
5% 7/1/34 3,500 4,309 
Series 2017, 4% 7/1/41 8,280 9,286 
(Univ. of Massachusetts Health Cr., Inc. Proj.) Series 2017 L, 4% 7/1/44 830 900 
(Wentworth Institute of Technology Proj.) Series 2017:   
5% 10/1/27 830 968 
5% 10/1/28 875 1,015 
5% 10/1/29 920 1,061 
5% 10/1/31 1,015 1,156 
5% 10/1/32 1,065 1,203 
Series 2016 I, 5% 7/1/41 1,925 2,155 
Series 2016:   
5% 10/1/29 830 998 
5% 10/1/30 1,240 1,485 
5% 7/1/31 1,385 1,630 
5% 10/1/31 1,340 1,598 
5% 10/1/43 8,995 9,955 
Series 2017:   
5% 7/1/34 1,325 1,519 
5% 7/1/35 1,000 1,143 
Series 2019, 5% 9/1/59 16,180 19,394 
Series 2020 A:   
4% 7/1/45 12,200 12,809 
5% 10/15/27 5,000 6,546 
5% 10/15/28 20,500 27,476 
5% 10/15/29 10,500 14,384 
Series BB1, 5% 10/1/46 345 403 
Series M:   
4% 10/1/50 12,425 13,128 
5% 10/1/45 9,360 10,984 
Massachusetts Edl. Fing. Auth. Rev. Series 2019 B:   
5% 7/1/27 (c) 1,000 1,197 
5% 7/1/28 (c) 1,915 2,318 
Massachusetts Gen. Oblig. Series 2017 A, 5% 4/1/36 1,750 2,154 
Massachusetts Health & Edl. Facilities Auth. Rev. (Blood Research Institute Proj.) Series A, 6.5% 2/1/22 605 608 
Massachusetts Port Auth. Rev.:   
Series 2016 A:   
5% 7/1/33 1,740 2,099 
5% 7/1/34 895 1,077 
5% 7/1/38 1,300 1,549 
Series 2016 B, 5% 7/1/43 (c) 7,110 8,198 
TOTAL MASSACHUSETTS  170,647 
Michigan - 2.5%   
Detroit Downtown Dev. Auth. Tax:   
Series 2018 A, 5% 7/1/32 (FSA Insured) 1,000 1,136 
Series A, 5% 7/1/34 (FSA Insured) 1,000 1,133 
Detroit School District School Bldg. and Site Impt. Series 2012 A, 5% 5/1/23 3,310 3,552 
Flint Hosp. Bldg. Auth. Rev. Series 2020, 5% 7/1/38 1,515 1,741 
Great Lakes Wtr. Auth. Sew Disp. Sys. Series 2018 A:   
5% 7/1/43 2,030 2,453 
5% 7/1/48 8,725 10,467 
Kalamazoo Hosp. Fin. Auth. Hosp. Facilities Rev. Series 2016, 5% 5/15/28 1,955 2,356 
Michigan Bldg. Auth. Rev. (Facilities Prog.) Series 2015 I, 5% 4/15/30 (Pre-Refunded to 4/15/30 @ 100) 4,140 5,019 
Michigan Fin. Auth. Rev.:   
(Charter County of Wayne Criminal Justice Ctr. Proj.) Series 2018, 5% 11/1/43 2,570 3,155 
(Trinity Health Proj.) Series 2017, 5% 12/1/42 2,140 2,576 
Series 2012 A, 5% 6/1/21 (Escrowed to Maturity) 290 299 
Series 2012, 5% 11/15/42 8,595 9,111 
Series 2015 MI, 5% 12/1/24 3,680 4,355 
Series 2016, 5% 11/15/41 1,560 1,832 
Series 2019 A, 5% 11/15/48 2,105 2,566 
Series MI, 5.5% 12/1/27 3,930 4,777 
Michigan Hosp. Fin. Auth. Rev.:   
(Trinity Health Proj.) Series 2008 C, 5% 12/1/32 1,240 1,539 
Series 2012 A, 5% 6/1/26 1,655 1,768 
Michigan Hsg. Dev. Auth. Single Family Mtg. Rev. Series A, 3.5% 12/1/50 2,300 2,567 
Oakland Univ. Rev. Series 2019:   
5% 3/1/44 8,540 10,240 
5% 3/1/50 13,450 15,994 
Portage Pub. Schools Series 2016:   
5% 11/1/30 2,365 2,878 
5% 11/1/31 2,090 2,536 
5% 11/1/36 205 245 
Wayne County Arpt. Auth. Rev.:   
Series 2015 F, 5% 12/1/27 (c) 5,790 6,876 
Series 2015 G, 5% 12/1/28 (c) 4,555 5,384 
Series 2017 A:   
4% 12/1/33 (FSA Insured) 1,230 1,390 
4% 12/1/34 (FSA Insured) 1,020 1,150 
4% 12/1/35 (FSA Insured) 995 1,117 
4% 12/1/36 (FSA Insured) 1,035 1,158 
5% 12/1/31 310 377 
5% 12/1/32 315 381 
5% 12/1/34 580 700 
5% 12/1/35 540 649 
5% 12/1/37 355 423 
Series 2017 B:   
5% 12/1/29 (c) 495 597 
5% 12/1/30 (c) 580 695 
5% 12/1/31 (c) 660 787 
5% 12/1/32 (c) 420 499 
5% 12/1/32 (c) 540 640 
5% 12/1/34 (c) 495 584 
5% 12/1/35 (c) 540 635 
5% 12/1/37 (c) 705 824 
5% 12/1/42 (c) 830 958 
Series 2018 D, 5% 12/1/29 (c) 3,645 4,512 
TOTAL MICHIGAN  124,631 
Minnesota - 0.3%   
Duluth Econ. Dev. Auth. Health Care Facilities Rev. Series 2018 A, 5% 2/15/48 6,000 6,934 
Maple Grove Health Care Sys. Rev.:   
Series 2015, 5% 9/1/29 2,345 2,663 
Series 2017:   
4% 5/1/21 415 422 
5% 5/1/25 660 760 
Minnesota Higher Ed. Facilities Auth. Rev. Series 2018 A:   
5% 10/1/30 615 725 
5% 10/1/45 1,370 1,538 
Moorhead Edl. Facilities Rev. (The Concordia College Corp. Proj.) Series 2016, 5% 12/1/25 990 1,095 
TOTAL MINNESOTA  14,137 
Missouri - 0.9%   
Cape Girardeau County Indl. Dev. Auth. (Southeast Hosp. Proj.) Series 2017 A:   
5% 3/1/30 580 641 
5% 3/1/31 620 682 
5% 3/1/36 1,240 1,340 
Kansas City Spl. Oblig. (Downtown Streetcar Proj.) Series 2014 A:   
5% 9/1/26 980 984 
5% 9/1/27 405 407 
5% 9/1/28 830 833 
5% 9/1/29 830 833 
5% 9/1/30 1,150 1,154 
Kansas City Wtr. Rev. Series 2020 A, 4% 12/1/42 1,200 1,472 
Missouri Health & Edl. Facilities Rev.:   
Series 2015 B:   
3.125% 2/1/27 830 914 
3.25% 2/1/28 830 915 
4% 2/1/40 660 716 
5% 2/1/29 1,025 1,222 
5% 2/1/31 2,150 2,544 
5% 2/1/33 2,375 2,784 
5% 2/1/36 2,235 2,595 
Series 2019 A:   
4% 10/1/48 2,850 3,142 
5% 10/1/46 5,575 6,643 
Missouri Hsg. Dev. Commission Single Family Mtg. Rev. Series 2019, 4% 5/1/50 900 1,008 
Saint Louis Arpt. Rev. Series 2019 C:   
5% 7/1/33 2,390 2,951 
5% 7/1/34 1,750 2,154 
Saint Louis County Indl. Dev. Auth. Sr. Living Facilities Rev.:   
Series 2017, 5% 9/1/48 1,000 1,051 
Series 2018 A:   
5.125% 9/1/48 3,325 3,542 
5.125% 9/1/49 2,665 2,837 
TOTAL MISSOURI  43,364 
Montana - 0.0%   
Montana Board Hsg. Single Family:   
Series 2017 B, 4% 12/1/48 (c) 1,070 1,130 
Series 2019 B, 4% 6/1/50 455 520 
TOTAL MONTANA  1,650 
Nebraska - 0.5%   
Douglas County Neb Edl. Facilities Rev. (Creighton Univ. Proj.) Series 2017:   
4% 7/1/34 830 923 
5% 7/1/36 570 671 
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev.:   
Series 2019 B, 4% 9/1/49 (c) 2,545 2,806 
Series 2019 E, 3.75% 9/1/49 (c) 2,915 3,159 
Series 2020 A, 3.5% 9/1/50 2,010 2,242 
Nebraska Pub. Pwr. District Rev. Series 2016 B:   
5% 1/1/37 2,050 2,421 
5% 1/1/40 935 1,097 
Omaha Arpt. Auth. Arpt. Rev.:   
Series 2017 A:   
5% 12/15/22 (c) 620 676 
5% 12/15/23 (c) 620 699 
5% 12/15/25 (c) 330 394 
5% 12/15/26 (c) 1,190 1,452 
5% 12/15/27 (c) 830 1,004 
5% 12/15/30 (c) 1,240 1,479 
5% 12/15/31 (c) 650 774 
5% 12/15/33 (c) 660 778 
5% 12/15/35 (c) 1,655 1,945 
5% 12/15/36 (c) 420 492 
Series 2017 C, 5% 12/15/21 (c) 340 357 
TOTAL NEBRASKA  23,369 
Nevada - 0.4%   
Clark County McCarran Int'l. Arpt. Passenger Facility Charge Rev. (Clark County Arpt. Rev. Proj.) Series 2017 B, 5% 7/1/22 (c) 1,865 2,006 
Las Vegas Valley Wtr. District Wtr. Impt. Gen. Oblig. Series 2016 B, 5% 6/1/36 3,750 4,550 
Nevada Hsg. Division Single Family Mtg. Rev. Series 2019 B, 4% 10/1/49 1,430 1,603 
Washoe County Gas Facilities Rev. Bonds:   
Series 2016 F, 2.05%, tender 4/15/22 (a)(c) 8,400 8,583 
Series 2016, 2.05%, tender 4/15/22 (a)(c) 5,000 5,109 
TOTAL NEVADA  21,851 
New Hampshire - 1.8%   
Nat'l. Finnance Auth. Series 2020 1, 4.125% 1/20/34 6,086 6,573 
New Hampshire Health & Ed. Facilities Auth.:   
(Concord Hosp.) Series 2017, 5% 10/1/42 2,485 2,919 
(Dartmouth-Hitchcock Oblgtd Grp Proj.) Series 2018 A:   
5% 8/1/28 895 1,119 
5% 8/1/29 855 1,063 
5% 8/1/30 850 1,051 
(Partners Healthcare Sys., Inc. Proj.):   
Series 2017 5% 7/1/29 3,275 4,128 
Series 2017:   
5% 7/1/30 2,125 2,664 
5% 7/1/31 4,750 5,925 
5% 7/1/32 3,185 3,950 
5% 7/1/33 2,900 3,580 
5% 7/1/34 4,415 5,435 
5% 7/1/35 4,635 5,687 
5% 7/1/36 4,870 5,954 
5% 7/1/37 4,290 5,229 
Series 2017 B, 4.125% 7/1/24 (d) 295 269 
New Hampshire Health & Ed. Facilities Auth. Rev.:   
(Covenant Health Sys., Inc. Proj.) Series 2012, 5% 7/1/42 420 433 
Series 2012:   
4% 7/1/32 2,295 2,357 
5% 7/1/24 830 883 
5% 7/1/25 980 1,040 
5% 7/1/27 415 438 
Series 2016:   
3% 10/1/20 465 465 
4% 10/1/38 2,010 2,174 
5% 10/1/22 885 960 
5% 10/1/24 1,755 2,035 
5% 10/1/25 1,740 2,074 
5% 10/1/29 5,525 6,577 
5% 10/1/31 4,315 5,079 
5% 10/1/33 3,355 3,914 
5% 10/1/38 6,185 7,126 
TOTAL NEW HAMPSHIRE  91,101 
New Jersey - 5.1%   
Atlantic County Impt. Auth. (Atlantic City Campus Proj.) Series 2016 A:   
5% 7/1/28 (FSA Insured) 860 1,021 
5% 7/1/30 (FSA Insured) 2,105 2,478 
5% 7/1/32 (FSA Insured) 1,035 1,207 
5% 7/1/33 (FSA Insured) 1,075 1,249 
New Jersey Econ. Dev. Auth.:   
(White Horse HMT Urban Renewal LLC Proj.) Series 2020, 5% 1/1/40 (d) 1,000 952 
Series A, 5% 11/1/40 8,915 10,018 
New Jersey Econ. Dev. Auth. Rev.:   
(Black Horse EHT Urban Renewal LLC Proj.) Series 2019 A, 5% 10/1/39 (d) 910 872 
(New Jersey Gen. Oblig. Proj.):   
Series 2015 XX, 5% 6/15/25 10,905 12,512 
Series 2017 B, 5% 11/1/23 14,900 16,501 
Series 2013 NN:   
5% 3/1/26 4,125 4,435 
5% 3/1/27 51,700 55,429 
5% 3/1/29 2,055 2,194 
Series 2013:   
5% 3/1/24 14,900 16,106 
5% 3/1/25 1,820 1,961 
Series 2015 XX, 5.25% 6/15/27 14,075 16,086 
Series 2016 AAA:   
5.5% 6/15/31 1,655 1,940 
5.5% 6/15/32 4,140 4,829 
Series LLL, 5% 6/15/44 2,680 2,985 
New Jersey Edl. Facility Series 2016 A:   
5% 7/1/31 1,740 2,023 
5% 7/1/32 1,985 2,298 
New Jersey Health Care Facilities Fing. Auth. Rev.:   
Series 2016 A:   
5% 7/1/21 275 283 
5% 7/1/22 275 294 
5% 7/1/23 970 1,073 
5% 7/1/24 1,600 1,827 
5% 7/1/25 1,660 1,948 
5% 7/1/26 915 1,098 
5% 7/1/26 275 330 
5% 7/1/27 420 502 
5% 7/1/27 620 766 
5% 7/1/28 300 367 
5% 7/1/29 580 685 
5% 7/1/29 415 490 
5% 7/1/30 690 808 
5% 7/1/30 830 1,006 
Series 2016:   
4% 7/1/48 2,400 2,516 
5% 7/1/41 2,865 3,216 
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev.:   
Series 2017 1A:   
5% 12/1/22 (c) 1,000 1,080 
5% 12/1/23 (c) 1,675 1,862 
5% 12/1/26 (c) 830 983 
Series 2017 1B, 5% 12/1/21 (c) 1,060 1,108 
Series 2018 B:   
5% 12/1/25 (c) 3,495 4,072 
5% 12/1/26 (c) 1,035 1,226 
New Jersey Trans. Trust Fund Auth.:   
(Trans. Prog.) Series 2019 AA, 5.25% 6/15/43 21,525 24,361 
Series 2005 B, 5.25% 12/15/22 (AMBAC Insured) 330 358 
Series 2010 A, 0% 12/15/27 9,485 7,852 
Series 2014 AA, 5% 6/15/24 8,280 9,293 
Series 2016 A:   
5% 6/15/27 2,250 2,645 
5% 6/15/28 9,150 10,673 
5% 6/15/29 1,865 2,160 
Series 2016 A-2, 5% 6/15/23 4,455 4,896 
Series AA, 5% 6/15/29 1,615 1,696 
Series BB, 5% 6/15/50 1,885 2,079 
TOTAL NEW JERSEY  250,649 
New Mexico - 0.1%   
New Mexico Mtg. Fin. Auth. Series 2019 D, 3.75% 1/1/50 1,990 2,214 
Santa Fe Retirement Fac.:   
Series 2019 A:   
2.25% 5/15/24 140 136 
5% 5/15/34 275 296 
5% 5/15/39 205 218 
5% 5/15/44 215 226 
5% 5/15/49 425 444 
Series 2019 B1, 2.625% 5/15/25 230 225 
TOTAL NEW MEXICO  3,759 
New York - 4.2%   
Dorm. Auth. New York Univ. Rev.:   
(Fordham Univ. Proj.) Series 2017:   
4% 7/1/33 1,035 1,191 
4% 7/1/34 1,035 1,185 
Series 2017:   
4% 12/1/20 (d) 800 804 
4% 12/1/21 (d) 900 929 
5% 12/1/22 (d) 1,400 1,512 
5% 12/1/23 (d) 1,200 1,338 
5% 12/1/24 (d) 1,100 1,263 
5% 12/1/25 (d) 1,200 1,410 
Hudson Yards Infrastructure Corp. New York Rev. Series 2012 A, 5.75% 2/15/47 5,445 5,548 
Long Island Pwr. Auth. Elec. Sys. Rev. Series 2012 A, 5% 9/1/42 7,185 7,634 
MTA Hudson Rail Yards Trust Oblig. Series 2016 A, 5% 11/15/56 26,320 28,818 
New York City Gen. Oblig.:   
Series 2012 E, 5% 8/1/24 4,140 4,395 
Series 2015 C, 5% 8/1/27 580 685 
Series 2016 C and D, 5% 8/1/28 2,175 2,624 
Series 2016 E, 5% 8/1/28 3,645 4,467 
New York City Indl. Dev. Agcy. Rev. (Yankee Stadium Proj.) Series 2006, 5% 3/1/31 3,910 3,923 
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series 2012 EE, 5.25% 6/15/30 5,960 6,453 
New York City Transitional Fin. Auth. Bldg. Aid Rev.:   
Series 2015 S1, 5% 7/15/43 4,140 4,757 
Series 2015 S2, 5% 7/15/35 1,465 1,727 
New York City Transitional Fin. Auth. Rev. Series C1, 5% 5/1/29 3,720 4,888 
New York Dorm. Auth. Mental Health Svcs. Facilities Impt. Rev. Series 2012 A, 5% 5/15/23 4,635 4,962 
New York Dorm. Auth. Sales Tax Rev. Series 2016 A, 5% 3/15/34 5,630 6,847 
New York Metropolitan Trans. Auth. Rev.:   
Series 2014 B, 5% 11/15/44 8,280 8,509 
Series 2015 A1, 5% 11/15/45 6,170 6,375 
Series 2020 D, 4% 11/15/46 39,325 38,144 
New York State Mtg. Agcy. Homeowner Mtg. Series 221, 3.5% 10/1/32 (c) 1,010 1,102 
New York State Urban Dev. Corp.:   
Series 2020 A, 5% 3/15/42 2,000 2,515 
Series 2020 C, 5% 3/15/47 20,400 25,419 
New York Trans. Dev. Corp. (Laguardia Arpt. Term. Redev. Proj.) Series 2016 A, 5% 7/1/41 (c) 3,560 3,819 
New York Urban Dev. Corp. Rev.:   
(New York State Gen. Oblig. Proj.) Series 2017 A, 5% 3/15/34 5,215 6,395 
Gen. Oblig. (New York State Gen. Oblig. Proj.) Series 2017 A, 5% 3/15/32 4,470 5,524 
Oneida County Local Dev. Corp. Rev. (Mohawk Valley Health Sys. Proj.) Series 2019 A:   
4% 12/1/33 (FSA Insured) 1,200 1,427 
5% 12/1/31 (FSA Insured) 1,500 1,950 
Onondaga Civic Dev. Corp. (Le Moyne College Proj.) Series 2018, 5% 1/1/43 830 926 
Rockland County Gen. Oblig. Series 2014 A:   
4% 3/1/23 (FSA Insured) 930 1,012 
4% 3/1/24 (FSA Insured) 1,140 1,281 
Triborough Bridge & Tunnel Auth. Revs. Series 2015 A, 5.25% 11/15/45 4,140 4,846 
TOTAL NEW YORK  206,604 
North Carolina - 0.7%   
Charlotte Ctfs. of Prtn. (Convention Facility Projs.) Series 2019 A:   
5% 6/1/44 4,000 5,014 
5% 6/1/46 2,120 2,647 
Charlotte Int'l. Arpt. Rev.:   
Series 2017 A:   
5% 7/1/30 1,265 1,561 
5% 7/1/33 1,040 1,266 
5% 7/1/37 2,910 3,503 
Series 2017 B:   
5% 7/1/21 (c) 175 181 
5% 7/1/22 (c) 125 134 
5% 7/1/23 (c) 135 150 
5% 7/1/24 (c) 155 179 
5% 7/1/25 (c) 85 101 
5% 7/1/26 (c) 85 104 
5% 7/1/27 (c) 160 200 
5% 7/1/28 (c) 135 167 
5% 7/1/29 (c) 195 239 
5% 7/1/30 (c) 210 256 
5% 7/1/31 (c) 395 479 
5% 7/1/32 (c) 420 507 
5% 7/1/33 (c) 440 530 
5% 7/1/34 (c) 460 552 
5% 7/1/35 (c) 315 377 
5% 7/1/36 (c) 255 304 
5% 7/1/37 (c) 300 357 
5% 7/1/42 (c) 975 1,146 
Series 2017 C, 4% 7/1/32 1,190 1,356 
Nash Health Care Sys. Health Care Facilities Rev.:   
Series 2003, 5% 11/1/30 (FSA Insured) 1,055 1,058 
Series 2012, 5% 11/1/41 4,490 4,644 
New Hanover County Hosp. Rev. Series 2017:   
5% 10/1/27 275 346 
5% 10/1/42 2,215 2,618 
5% 10/1/47 1,000 1,173 
North Carolina Med. Care Cmnty. Health Series 2012 A, 5% 11/15/26 1,070 1,139 
TOTAL NORTH CAROLINA  32,288 
Ohio - 2.5%   
Akron Bath Copley Hosp. District Rev. Series 2016, 5.25% 11/15/46 7,285 8,493 
Allen County Hosp. Facilities Rev.:   
(Mercy Health) Series 2017 A:   
5% 8/1/25 2,475 2,991 
5% 8/1/26 1,645 2,042 
5% 8/1/27 2,060 2,620 
5% 8/1/28 2,060 2,636 
5% 8/1/29 4,130 5,252 
5% 8/1/30 3,520 4,452 
Bonds (Mercy Health) Series 2017 B, 5%, tender 5/5/22 (a) 3,030 3,229 
American Muni. Pwr., Inc. Rev. Series 2012 B, 5% 2/15/42 1,615 1,701 
Buckeye Tobacco Settlement Fing. Auth. Series 2020 A2:   
5% 6/1/30 2,000 2,664 
5% 6/1/32 1,665 2,182 
5% 6/1/33 2,000 2,601 
5% 6/1/34 420 544 
Columbus City School District Series 2016 A, 5% 12/1/29 1,740 2,152 
Fairfield County Hosp. Facilities Rev. (Fairfield Med. Ctr. Proj.) Series 2013, 5.25% 6/15/43 3,470 3,625 
Franklin County Convention Facilities Authorities (Greater Columbus Convention Ctr. Hotel Expansion Proj.) Series 2019:   
5% 12/1/46 4,700 5,616 
5% 12/1/51 6,900 8,204 
Franklin County Hosp. Facilities Rev. (Ohiohealth Corp. Proj.) Series 2015, 5% 5/15/40 5,525 6,269 
Hamilton County Convention Facilities Auth. Rev. Series 2014:   
5% 12/1/25 2,975 3,231 
5% 12/1/26 555 600 
Lake County Hosp. Facilities Rev.:   
Series 2008 C:   
5.75% 8/15/38 135 135 
6% 8/15/43 660 662 
Series 2015:   
5% 8/15/29 1,160 1,350 
5% 8/15/30 1,245 1,441 
Lancaster Port Auth. Gas Rev. Bonds Series 2019, 5%, tender 2/1/25 (a) 1,850 2,183 
Muskingum County Hosp. Facilities (Genesis Healthcare Sys. Obligated Group Proj.) Series 2013:   
5% 2/15/33 3,685 3,862 
5% 2/15/44 4,415 4,569 
5% 2/15/48 11,260 11,612 
Ohio Gen. Oblig. Series 2019 A, 5% 3/1/28 4,315 5,680 
Ohio Hosp. Rev. Series 2020 A, 4% 1/15/50 975 1,088 
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev. (Mtg. Backed Securities Prog.) Series 2019 B, 4.5% 3/1/50 655 746 
Ohio Tpk. Commission Tpk. Rev. (Infrastructure Proj.) Series 2005 A, 0% 2/15/42 2,150 1,229 
Ohio Wtr. Dev. Auth. Poll. Cont. Facilities Rev. Series 2019 A, 5% 6/1/29 2,615 3,504 
Scioto County Hosp. Facilities Rev.:   
Series 2016:   
5% 2/15/29 1,815 2,121 
5% 2/15/34 370 424 
Series 2019, 5% 2/15/29 4,230 4,857 
Univ. of Akron Gen. Receipts Series 2016 A, 5% 1/1/35 3,725 4,354 
Wood County Hosp. Facilities Rev. (Wood County Hosp. Assoc. Proj.) Series 2012:   
5% 12/1/32 620 636 
5% 12/1/42 825 833 
TOTAL OHIO  122,390 
Oklahoma - 0.1%   
Oklahoma City Pub. Property Auth. Hotel Tax Rev. Series 2015:   
5% 10/1/28 1,050 1,198 
5% 10/1/29 1,160 1,315 
5% 10/1/36 830 917 
5% 10/1/39 1,655 1,818 
Oklahoma Dev. Fin. Auth. Health Sys. Rev. (OU Medicine Proj.) Series 2018 B:   
5% 8/15/22 415 442 
5% 8/15/23 215 236 
Oklahoma Pwr. Auth. Pwr. Supply Sys. Rev. Series 2014 A, 5% 1/1/38 1,070 1,236 
TOTAL OKLAHOMA  7,162 
Oregon - 0.2%   
Oregon Gen. Oblig. Series N, 5% 5/1/26 2,775 3,481 
Oregon State Hsg. & Cmnty. Svcs. Dept. Series 2019 A, 4% 7/1/50 7,795 8,734 
TOTAL OREGON  12,215 
Pennsylvania - 6.7%   
Cap. Region Wtr. Wtr. Rev. Series 2018:   
5% 7/15/27 830 1,040 
5% 7/15/29 1,290 1,655 
5% 7/15/32 830 1,048 
Centre County Pennsylvania Hosp. Auth. Rev. (Mount Nittany Med. Ctr. Proj.) Series 2018 A, 5% 11/15/23 1,075 1,222 
Dauphin County Gen. Auth. (Pinnacle Health Sys. Proj.) Series 2016 A:   
5% 6/1/21 290 298 
5% 6/1/23 415 463 
5% 6/1/28 885 1,059 
5% 6/1/29 970 1,155 
Delaware County Auth. Rev. (Cabrini College) Series 2017, 5% 7/1/47 3,310 3,446 
Doylestown Hosp. Auth. Hosp. Rev. Series 2016 A, 5% 7/1/46 1,205 1,302 
Dubois Hosp. Auth. Hosp. Rev. (Penn Highlands Healthcare Proj.) Series 2018:   
4% 7/15/33 2,070 2,329 
4% 7/15/35 2,135 2,387 
4% 7/15/37 4,140 4,598 
5% 7/15/25 330 388 
5% 7/15/26 1,035 1,248 
5% 7/15/27 1,745 2,149 
5% 7/15/28 1,285 1,586 
5% 7/15/29 1,385 1,699 
5% 7/15/30 1,815 2,214 
5% 7/15/31 1,240 1,505 
5% 7/15/32 1,305 1,575 
5% 7/15/34 1,405 1,683 
5% 7/15/36 4,150 4,936 
5% 7/15/38 4,990 5,902 
5% 7/15/43 5,795 6,794 
Lehigh County Gen. Purp. Auth. Rev. (Muhlenberg College Proj.) Series 2017, 5% 2/1/39 2,140 2,504 
Lehigh County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (PPL Elec. Utils. Corp. Proj.) Series 2016 A, 1.8%, tender 9/1/22 (a) 4,145 4,195 
Monroe County Hosp. Auth. Rev. Series 2016:   
5% 7/1/26 830 1,018 
5% 7/1/27 830 1,009 
5% 7/1/28 830 1,000 
5% 7/1/34 3,045 3,573 
5% 7/1/36 1,655 1,931 
Montgomery County Higher Ed. & Health Auth. Hosp. Rev. (Abington Memorial Hosp. Proj.) Series 1993 A, 6% 6/1/22 (AMBAC Insured) 1,655 1,785 
Montgomery County Higher Ed. & Health Auth. Rev.:   
Series 2014 A:   
5% 10/1/21 1,095 1,130 
5% 10/1/22 1,140 1,210 
5% 10/1/23 325 354 
5% 10/1/24 965 1,077 
5% 10/1/25 865 963 
5% 10/1/27 415 458 
Series 2016 A:   
5% 10/1/28 1,255 1,428 
5% 10/1/29 2,150 2,434 
5% 10/1/31 3,790 4,255 
5% 10/1/36 6,790 7,497 
5% 10/1/40 4,700 5,152 
Northampton County Gen. Purp. Auth. Hosp. Rev.:   
(St. Luke's Univ. Health Network Proj.) Series 2018 A, 4% 8/15/48 10,545 11,428 
(St. Lukes Hosp. & Health Ntw Proj.) Series 2016 A, 5% 8/15/36 615 710 
Series 2016 A, 5% 8/15/46 24,835 28,144 
Pennsylvania Higher Edl. Facilities Auth. Rev.:   
(Drexel Univ. Proj.):   
Series 2016, 5% 5/1/35 2,880 3,350 
Series 2017:   
5% 5/1/35 1,025 1,234 
5% 5/1/37 1,295 1,549 
5% 5/1/41 5,860 6,939 
Series 2016:   
5% 5/1/28 415 497 
5% 5/1/32 1,040 1,221 
5% 5/1/33 1,405 1,642 
Series 2018 A, 5% 2/15/48 1,575 1,903 
Philadelphia Arpt. Rev.:   
Series 2017 A:   
5% 7/1/25 830 981 
5% 7/1/26 830 1,004 
5% 7/1/27 660 814 
Series 2017 B:   
5% 7/1/22 (c) 1,820 1,959 
5% 7/1/22 240 259 
5% 7/1/23 (c) 1,240 1,377 
5% 7/1/23 415 461 
5% 7/1/25 (c) 2,900 3,403 
5% 7/1/26 (c) 2,485 2,985 
5% 7/1/27 (c) 2,070 2,537 
5% 7/1/28 (c) 2,485 3,016 
5% 7/1/29 (c) 1,860 2,240 
5% 7/1/32 (c) 2,485 2,948 
5% 7/1/33 (c) 1,865 2,203 
5% 7/1/34 (c) 3,310 3,899 
5% 7/1/37 (c) 3,725 4,345 
Philadelphia Auth. for Indl. Dev. Series 2017, 5% 11/1/47 5,425 5,693 
Philadelphia Gas Works Rev. Series 9, 5.25% 8/1/40 2,305 2,314 
Philadelphia School District:   
Series 2016 D:   
5% 9/1/25 7,275 8,690 
5% 9/1/26 7,600 9,308 
5% 9/1/27 8,020 9,905 
5% 9/1/28 6,705 8,224 
Series 2016 F:   
5% 9/1/28 11,600 14,229 
5% 9/1/29 7,540 9,205 
Series 2018 A:   
5% 9/1/36 1,575 1,931 
5% 9/1/37 910 1,111 
5% 9/1/38 1,450 1,763 
Series 2018 B, 5% 9/1/43 2,115 2,533 
Series 2019 A:   
4% 9/1/35 5,215 6,020 
5% 9/1/33 2,480 3,160 
5% 9/1/34 7,225 9,016 
Series 2019 C, 5% 9/1/33 2,540 3,174 
Series F:   
5% 9/1/30 5,625 6,838 
5% 9/1/30 (Pre-Refunded to 9/1/26 @ 100) 20 25 
Philadelphia Wtr. & Wastewtr. Rev. Series 2018 A:   
5% 10/1/35 4,190 5,274 
5% 10/1/36 6,210 7,786 
5% 10/1/48 6,000 7,330 
Pittsburgh Wtr. & Swr. Auth. Wtr. & Swr. Sys. Rev.:   
Series 2019 A, 5% 9/1/39 (FSA Insured) 2,315 2,929 
Series 2019 A, 5% 9/1/44 (FSA Insured) 775 965 
State Pub. School Bldg. Auth. Lease Rev. (Philadelphia School District Proj.) Series 2015 A, 5% 6/1/26 1,055 1,246 
Union County Hosp. Auth. Rev. Series 2018 B:   
5% 8/1/43 4,605 5,247 
5% 8/1/48 5,335 6,050 
TOTAL PENNSYLVANIA  329,668 
Rhode Island - 0.4%   
Rhode Island Health & Edl. Bldg. Corp. Higher Ed. Facilities Rev.:   
Series 2016 B:   
5% 9/1/31 655 681 
5% 9/1/36 5,810 5,911 
Series 2016, 5% 5/15/39 5,215 5,725 
Rhode Island Hsg. & Mtg. Fin. Corp. Series 2019 70, 4% 10/1/49 1,675 1,870 
Rhode Island Student Ln. Auth. Student Ln. Rev. Series A:   
3.5% 12/1/34 (c) 2,340 2,390 
5% 12/1/25 (c) 1,000 1,150 
TOTAL RHODE ISLAND  17,727 
South Carolina - 3.5%   
Charleston County Arpt. District Series 2019, 5% 7/1/43 2,085 2,522 
Scago Edl. Facilities Corp. for Colleton School District (School District of Colleton County Proj.) Series 2015:   
5% 12/1/25 2,275 2,651 
5% 12/1/26 1,160 1,345 
5% 12/1/28 4,690 5,384 
South Carolina Hsg. Fin. & Dev. Auth. Mtg. Rev. Series 2019 A, 4% 1/1/50 2,380 2,696 
South Carolina Jobs-Econ. Dev. Auth. Series 2019 C:   
5% 7/1/32 1,010 1,251 
5% 7/1/33 4,200 5,174 
South Carolina Ports Auth. Ports Rev. Series 2015, 5.25% 7/1/55 (Pre-Refunded to 7/1/25 @ 100) (c) 910 1,117 
South Carolina Pub. Svc. Auth. Rev.:   
Series 2013 E, 5.5% 12/1/53 33,515 37,276 
Series 2014 A:   
5% 12/1/49 11,210 12,383 
5.5% 12/1/54 12,985 14,645 
Series 2014 C, 5% 12/1/46 3,895 4,363 
Series 2015 A, 5% 12/1/50 5,180 5,861 
Series 2015 C, 5% 12/1/22 6,985 7,650 
Series 2015 E, 5.25% 12/1/55 6,195 7,152 
Series 2016 A:   
5% 12/1/29 2,485 3,001 
5% 12/1/38 250 293 
Series 2016 B:   
5% 12/1/31 910 1,104 
5% 12/1/41 12,515 14,765 
Spartanburg County Reg'l. Health Series 2017 A:   
4% 4/15/43 15,510 16,834 
4% 4/15/48 10,815 11,613 
5% 4/15/48 10,595 12,245 
TOTAL SOUTH CAROLINA  171,325 
South Dakota - 0.0%   
South Dakota Health & Edl. Facilities Auth. Rev.:   
(Avera Health Proj.) Series 2017, 5% 7/1/31 540 657 
Series 2017:   
5% 7/1/26 250 307 
5% 7/1/28 250 310 
5% 7/1/29 470 579 
TOTAL SOUTH DAKOTA  1,853 
Tennessee - 0.4%   
Chattanooga Health Ed. & Hsg. Facility Board Rev.:   
Series 2019 A1:   
4% 8/1/44 2,200 2,429 
5% 8/1/31 1,000 1,256 
5% 8/1/33 1,250 1,551 
Series 2019 A2, 5% 8/1/35 765 942 
Greeneville Health & Edl. Facilities Board Series 2018 A:   
5% 7/1/23 815 901 
5% 7/1/24 1,225 1,346 
5% 7/1/25 1,225 1,343 
Metropolitan Nashville Arpt. Auth. Rev.:   
Series 2015 B, 4% 7/1/25 (c) 1,755 1,994 
Series 2019 B, 5% 7/1/54 (c) 6,825 8,099 
TOTAL TENNESSEE  19,861 
Texas - 7.0%   
Argyle Independent School District Series 2004, 5.25% 8/15/40 (FSA Insured) 105 105 
Arlington Spl. Tax Rev. Series 2018 C, 5% 2/15/45 (Build America Mutual Assurance Insured) 2,565 2,603 
Austin Arpt. Sys. Rev.:   
Series 2014:   
5% 11/15/26 (c) 830 955 
5% 11/15/27 (c) 1,035 1,190 
5% 11/15/28 (c) 1,240 1,423 
5% 11/15/39 (c) 9,440 10,604 
5% 11/15/44 (c) 23,065 25,755 
Series 2017 B:   
5% 11/15/28 (c) 830 1,002 
5% 11/15/30 (c) 1,275 1,519 
5% 11/15/32 (c) 1,005 1,183 
5% 11/15/35 (c) 1,035 1,207 
5% 11/15/36 (c) 1,385 1,611 
5% 11/15/37 (c) 1,165 1,352 
5% 11/15/41 (c) 4,725 5,434 
Austin Cmnty. College District Rev. (Convention Ctr. Proj.) Series 2002, 0% 2/1/22 (AMBAC Insured) 2,400 2,387 
Central Reg'l. Mobility Auth.:   
Series 2015 A:   
5% 1/1/28 1,075 1,266 
5% 1/1/30 1,365 1,590 
5% 1/1/31 395 458 
5% 1/1/32 830 958 
5% 1/1/45 5,795 6,570 
Series 2016:   
5% 1/1/40 830 956 
5% 1/1/46 565 646 
Collin County Cmnty. College District Series 2020 A, 5% 8/15/28 4,250 5,610 
Dallas Area Rapid Transit Sales Tax Rev. Series 2016 A, 5% 12/1/33 2,150 2,618 
Dallas Wtrwks. & Swr. Sys. Rev. Series 2020 C:   
4% 10/1/35 1,000 1,243 
4% 10/1/39 5,000 6,098 
4% 10/1/40 2,000 2,431 
Fort Bend Independent School District Series 2020, 5% 8/15/28 3,000 3,962 
Grand Parkway Trans. Corp. Series 2018 A, 5% 10/1/38 2,655 3,324 
Harris County Cultural Ed. Facilities Fin. Corp. Med. Facilities Rev. (Baylor College of Medicine Proj.) Series 2012 A, 5% 11/15/37 4,510 4,767 
Harris County Cultural Ed. Facilities Fin. Corp. Rev. (Texas Childrens Hosp., Proj.) Series 2015-1 5% 10/1/29 1,115 1,329 
Harris County Gen. Oblig. Series 2002:   
0% 8/15/25 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 2,485 2,416 
0% 8/15/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 4,140 3,804 
Houston Arpt. Sys. Rev.:   
Series 2011 A:   
5% 7/1/23 (Pre-Refunded to 7/1/21 @ 100) (c) 2,485 2,572 
5% 7/1/24 (Pre-Refunded to 7/1/21 @ 100) (c) 1,035 1,071 
5% 7/1/25 (Pre-Refunded to 7/1/21 @ 100) (c) 1,240 1,283 
Series 2012 A, 5% 7/1/23 (Pre-Refunded to 7/1/22 @ 100) (c) 495 534 
Series 2018 A, 5% 7/1/41 (c) 1,000 1,185 
Series 2018 C:   
5% 7/1/29 (c) 1,655 2,069 
5% 7/1/30 (c) 1,765 2,185 
5% 7/1/31 (c) 1,240 1,525 
5% 7/1/32 (c) 1,450 1,770 
Houston Gen. Oblig. Series 2017 A:   
5% 3/1/29 3,150 3,955 
5% 3/1/31 3,835 4,772 
5% 3/1/32 1,635 2,022 
Houston Util. Sys. Rev. Series 2020 C:   
5% 11/15/33 2,000 2,707 
5% 11/15/34 2,500 3,370 
Irving Hosp. Auth. Hosp. Rev. Series 2017 A:   
5% 10/15/28 390 469 
5% 10/15/30 1,570 1,867 
5% 10/15/32 830 979 
5% 10/15/36 545 635 
5% 10/15/37 930 1,082 
5% 10/15/38 1,325 1,538 
5% 10/15/44 1,310 1,503 
Love Field Arpt. Modernization Rev.:   
Series 2015:   
5% 11/1/26 (c) 830 975 
5% 11/1/27 (c) 1,780 2,080 
5% 11/1/28 (c) 2,755 3,202 
5% 11/1/29 (c) 1,655 1,917 
5% 11/1/32 (c) 3,055 3,497 
Series 2017:   
5% 11/1/22 (c) 620 670 
5% 11/1/23 (c) 910 1,018 
5% 11/1/24 (c) 830 957 
5% 11/1/25 (c) 830 983 
5% 11/1/26 (c) 830 1,005 
5% 11/1/27 (c) 830 997 
5% 11/1/28 (c) 1,450 1,727 
5% 11/1/29 (c) 1,035 1,224 
5% 11/1/30 (c) 830 976 
5% 11/1/31 (c) 1,840 2,152 
5% 11/1/32 (c) 2,135 2,483 
5% 11/1/33 (c) 830 962 
5% 11/1/34 (c) 830 959 
5% 11/1/36 (c) 830 953 
Lower Colorado River Auth. Rev. Series 2015 D:   
5% 5/15/28 1,820 2,179 
5% 5/15/30 4,140 4,919 
New Hope Cultural Ed. Facilities Fin. Corp. (Childrens Med. Ctr. of Dallas) Series 2017 A:   
5% 8/15/27 625 792 
5% 8/15/29 1,655 2,072 
5% 8/15/47 1,890 2,252 
Newark Higher Ed. Fin. Corp. (Abilene Christian Univ. Proj.) Series 2016 A:   
5% 4/1/27 595 689 
5% 4/1/30 2,825 3,222 
North Texas Tollway Auth. Rev.:   
(Sr. Lien Proj.) Series 2017 A:   
5% 1/1/31 830 995 
5% 1/1/33 975 1,181 
5% 1/1/34 1,240 1,497 
5% 1/1/34 2,485 3,393 
5% 1/1/35 1,820 2,192 
5% 1/1/36 4,965 5,961 
5% 1/1/37 6,625 7,930 
5% 1/1/38 2,690 2,910 
(Sub Lien Proj.) Series 2017 B:   
5% 1/1/26 740 813 
5% 1/1/30 350 419 
5% 1/1/31 495 589 
Series 2008 I, 6.2% 1/1/42 (Assured Guaranty Corp. Insured) 6,870 8,230 
Series 2014 A, 5% 1/1/25 4,965 5,680 
Series 2015 A, 5% 1/1/32 2,775 3,236 
Series 2015 B, 5% 1/1/40 8,280 8,945 
Series 2016 A, 5% 1/1/36 1,035 1,218 
San Antonio Independent School District Series 2016, 5% 8/15/31 3,590 4,424 
Southwest Higher Ed. Auth. Rev. (Southern Methodist Univ., TX. Proj.) Series 2017:   
5% 10/1/29 375 469 
5% 10/1/30 580 722 
5% 10/1/31 520 644 
5% 10/1/39 1,030 1,243 
5% 10/1/40 830 999 
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. (Scott & White Healthcare Proj.) Series 2013 A, 5% 8/15/43 3,310 3,607 
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. Series 2016 A:   
4% 2/15/35 4,140 4,677 
5% 2/15/25 710 843 
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev. Series 2019, 2.95% 7/1/36 4,536 4,883 
Texas Dept. of Hsg. & Cmnty. Affairs Single Family Mtg. Rev.:   
Series 2019 A, 4% 3/1/50 4,710 5,388 
Series A, 3.5% 3/1/51 3,815 4,313 
Texas Private Activity Bond Surface Trans. Corp. Series 2013, 6.75% 6/30/43 (c) 12,420 14,093 
Texas State Univ. Sys. Fing. Rev. Series 2017 A:   
5% 3/15/29 3,530 4,427 
5% 3/15/31 2,690 3,337 
Texas Wtr. Dev. Board Rev. Series 2020:   
5% 8/1/23 1,000 1,136 
5% 8/1/27 2,400 3,095 
5% 8/1/28 4,600 6,071 
Univ. of Houston Univ. Revs. Series 2017 A:   
5% 2/15/32 5,115 6,142 
5% 2/15/33 3,310 3,958 
5% 2/15/34 4,140 4,937 
5% 2/15/36 2,485 2,949 
Univ. of North Texas Univ. Rev. Series 2017 A, 5% 4/15/32 1,740 2,142 
Univ. of Texas Board of Regents Sys. Rev.:   
Series 2019 A, 5% 8/15/29 1,850 2,495 
Series 2020 C, 5% 8/15/31 2,500 3,500 
Univ. of Texas Permanent Univ. Fund Rev. Series 2016 B, 5% 7/1/29 1,685 2,076 
Weatherford Independent School District Series 2002, 0% 2/15/33 5,785 4,687 
TOTAL TEXAS  344,777 
Utah - 1.6%   
Salt Lake City Arpt. Rev.:   
Series 2017 A:   
5% 7/1/22 (c) 1,655 1,777 
5% 7/1/24 (c) 1,450 1,666 
5% 7/1/25 (c) 1,655 1,958 
5% 7/1/27 (c) 3,500 4,324 
5% 7/1/29 (c) 3,090 3,746 
5% 7/1/30 (c) 2,275 2,739 
5% 7/1/31 (c) 4,345 5,198 
5% 7/1/33 (c) 3,310 3,916 
5% 7/1/35 (c) 3,310 3,894 
5% 7/1/36 (c) 4,470 5,241 
5% 7/1/37 (c) 3,520 4,116 
Series 2018 A:   
5% 7/1/31 (c) 2,000 2,447 
5% 7/1/32 (c) 4,310 5,237 
5% 7/1/33 (c) 1,420 1,716 
5.25% 7/1/48 (c) 5,655 6,689 
Utah Associated Muni. Pwr. Sys. Rev. (Payson Pwr. Proj.) Series 2012 A, 5% 9/1/22 2,635 2,869 
Utah County Hosp. Rev. Series 2020 A:   
5% 5/15/43 5,500 6,986 
5% 5/15/50 9,000 11,346 
Utah Gen. Oblig. Series 2020 B, 5% 7/1/28 1,995 2,653 
TOTAL UTAH  78,518 
Vermont - 0.7%   
Vermont Edl. & Health Bldg. Fin. Agcy. Rev.:   
(Champlain College Proj.) Series 2016 A:   
5% 10/15/41 3,810 3,989 
5% 10/15/46 4,720 4,903 
(Middlebury College Proj.) Series 2020, 5% 11/1/49 18,500 23,191 
Vermont Student Assistant Corp. Ed. Ln. Rev. Series 2019 A, 5% 6/15/28 (c) 1,430 1,707 
TOTAL VERMONT  33,790 
Virginia - 0.6%   
Fredericksburg Econ. Dev. Auth. Rev. Series 2014:   
5% 6/15/25 3,860 4,393 
5% 6/15/30 1,035 1,154 
Stafford County Econ. Dev. Auth. Hosp. Facilities Rev.:   
(Mary Washington Hosp. Proj.) Series 2016, 3% 6/15/29 525 561 
Series 2016:   
4% 6/15/37 595 648 
5% 6/15/27 1,240 1,478 
5% 6/15/30 540 634 
5% 6/15/33 350 405 
5% 6/15/34 665 767 
5% 6/15/35 1,820 2,094 
Virginia College Bldg. Auth. Edl. Facilities Rev. Series 2015 A:   
5% 1/1/35 830 946 
5% 1/1/40 1,865 2,107 
Virginia Commonwealth Trans. Board Rev. (Virginia Gen. Oblig. Proj.) Series 2017 A, 5% 5/15/32 725 921 
Virginia Small Bus. Fing. Auth. (95 Express Lane LLC Proj.) Series 2012:   
5% 7/1/34 (c) 4,965 5,140 
5% 1/1/40 (c) 995 1,027 
Winchester Econ. Dev. Auth. Series 2015:   
5% 1/1/31 2,070 2,427 
5% 1/1/34 1,240 1,438 
5% 1/1/35 1,240 1,436 
5% 1/1/44 830 944 
Wise County Indl. Dev. Auth. Waste & Sewage Rev. Bonds (Virginia Elec. and Pwr. Co. Proj.) Series 2010 A, 1.2%, tender 5/31/24 (a) 2,875 2,925 
TOTAL VIRGINIA  31,445 
Washington - 1.6%   
Port of Seattle Rev.:   
Series 2016 B:   
5% 10/1/28 (c) 2,900 3,401 
5% 10/1/30 (c) 1,655 1,925 
Series 2019 A, 4% 4/1/44 (c) 2,525 2,708 
Port of Seattle Spl. Facility Rev. Series 2013:   
5% 6/1/21 (c) 1,110 1,144 
5% 6/1/22 (c) 830 894 
5% 6/1/24 (c) 1,290 1,428 
Spokane Pub. Facilities District Hotel/Motel Tax & Sales/Use Tax Rev. Series 2013 B:   
5% 12/1/25 4,635 4,966 
5% 12/1/27 3,415 3,638 
Washington Gen. Oblig.:   
Series 2015 C:   
5% 2/1/33 2,790 3,314 
5% 2/1/34 3,450 4,088 
Series R-2017 A, 5% 8/1/30 1,685 2,116 
Washington Health Care Facilities Auth. Rev.:   
(Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B:   
5% 7/1/25 675 802 
5% 7/1/27 1,285 1,600 
5% 7/1/28 1,570 1,961 
5% 7/1/29 615 763 
5% 7/1/30 735 904 
5% 7/1/31 870 1,065 
5% 7/1/32 1,655 2,015 
5% 7/1/33 2,345 2,841 
5% 7/1/34 540 652 
5% 7/1/42 4,685 5,533 
(Providence Health Systems Proj.) Series 2012 A, 5% 10/1/25 4,245 4,600 
Series 2015:   
5% 1/1/25 1,655 1,949 
5% 1/1/27 1,910 2,258 
Series 2019 A1, 5% 8/1/38 1,000 1,219 
Series 2019 A2, 5% 8/1/33 2,000 2,481 
Washington Higher Ed. Facilities Auth. Rev. (Whitworth Univ. Proj.):   
Series 2016 A:   
5% 10/1/27 1,770 2,007 
5% 10/1/28 1,825 2,053 
5% 10/1/35 1,880 2,050 
5% 10/1/36 2,845 3,097 
5% 10/1/40 2,795 3,015 
Series 2019, 4% 10/1/49 3,515 3,485 
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. (Judson Park Proj.) Series 2018:   
4% 7/1/28 (d) 100 104 
5% 7/1/33 (d) 125 134 
5% 7/1/38 (d) 100 107 
5% 7/1/48 (d) 400 422 
TOTAL WASHINGTON  76,739 
West Virginia - 0.1%   
West Virginia Hosp. Fin. Auth. Hosp. Rev. Series 2018 A:   
5% 1/1/31 1,355 1,679 
5% 1/1/32 1,120 1,378 
TOTAL WEST VIRGINIA  3,057 
Wisconsin - 1.3%   
Milwaukee County Arpt. Rev. Series 2019 B:   
5% 12/1/22 (c) 3,380 3,666 
5% 12/1/23 (c) 2,960 3,321 
Pub. Fin. Auth. Series 2020 A:   
5% 1/1/35 1,210 1,511 
5% 1/1/40 540 662 
Pub. Fin. Auth. Sr Liv Rev. (Mary's Woods At Marylhurst, Inc. Proj.) Series 2017 A:   
5% 5/15/25 (d) 700 743 
5% 5/15/28 (d) 1,095 1,174 
5.25% 5/15/37 (d) 335 356 
5.25% 5/15/42 (d) 415 438 
5.25% 5/15/47 (d) 410 431 
5.25% 5/15/52 (d) 775 812 
Pub. Fin. Auth. Edl. Facilities Series 2016:   
5% 1/1/37 5,325 4,976 
5% 1/1/42 4,275 3,958 
Pub. Fin. Auth. Hosp. Rev. Series 2019 A, 5% 10/1/44 5,850 7,040 
Pub. Fin. Auth. Wisconsin Retirement Facility Rev. Series 2018:   
5% 10/1/43 (d) 735 753 
5% 10/1/48 (d) 880 896 
5% 10/1/53 (d) 2,330 2,365 
Roseman Univ. of Health:   
(Roseman Univ. of Health Sciences Proj.) Series 2020, 5% 4/1/40 (d) 750 804 
Series 2020, 5% 4/1/50 (d) 520 549 
Wisconsin Health & Edl. Facilities:   
(Ascension Health Cr. Group Proj.) Series 2016 A, 5% 11/15/36 4,140 4,933 
Series 2014:   
4% 5/1/33 2,920 3,082 
5% 5/1/22 660 702 
Series 2016 A:   
5% 2/15/28 1,965 2,307 
5% 2/15/29 2,550 2,978 
5% 2/15/30 2,805 3,261 
Series 2017 A:   
5% 9/1/31 830 968 
5% 9/1/33 1,425 1,640 
5% 9/1/35 1,575 1,798 
Series 2019 A:   
2.25% 11/1/26 1,270 1,242 
5% 11/1/46 540 549 
Series 2019 B1, 2.825% 11/1/28 1,435 1,436 
Series 2019 B2, 2.55% 11/1/27 920 911 
Wisconsin Health & Edl. Facilities Auth. Rev. Series 2012:   
4% 10/1/23 2,070 2,190 
5% 6/1/27 1,840 1,946 
TOTAL WISCONSIN  64,398 
TOTAL MUNICIPAL BONDS   
(Cost $4,480,743)  4,771,491 
 Shares Value (000s) 
Money Market Funds - 1.6%   
Fidelity Municipal Cash Central Fund .16% (f)(g)   
(Cost $76,871) 76,868,683 76,876 
TOTAL INVESTMENT IN SECURITIES - 98.4%   
(Cost $4,557,614)  4,848,367 
NET OTHER ASSETS (LIABILITIES) - 1.6%  80,515 
NET ASSETS - 100%  $4,928,882 

Legend

 (a) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

 (b) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

 (c) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

 (d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $47,312,000 or 1.0% of net assets.

 (e) Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.

 (f) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

 (g) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
 (Amounts in thousands) 
Fidelity Municipal Cash Central Fund $154 
Total $154 

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: 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 etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Municipal securities are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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