0001752724-21-107319.txt : 20210524 0001752724-21-107319.hdr.sgml : 20210524 20210524135706 ACCESSION NUMBER: 0001752724-21-107319 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210524 PERIOD START: 20211231 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: 21953460 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 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5/15/2044 802170AP5 5000.00000000 PA USD 5521.00000000 0.001394562052 Long DBT MUN US N 2 2044-05-15 Fixed 0.05000000 N N N N N N GREAT LAKES SEWER AUTH MICH N/A GT LAKES SEW MI 5% 7/1/2048 39081HBT8 200000.00000000 PA USD 241572.58000000 0.061019372031 Long DBT MUN US N 2 2048-07-01 Fixed 0.05000000 N N N N N N WASHINGTON D C CONVENTION and SPORTS AUTH DEDICATED TAX REV N/A WASHINGTON D C 5% 10/01/24 93878LBR7 100000.00000000 PA USD 113853.16000000 0.028758430807 Long DBT MUN US N 2 2024-10-01 Fixed 0.05000000 N N N N N N GREATER ORLANDO AVIATION AUTH N/A GT ORLANDO ARPT 5% 10/1/2023 @ 392274Y59 300000.00000000 PA USD 334087.32000000 0.084387882391 Long DBT MUN US N 2 2023-10-01 Fixed 0.05000000 N N N N N N COLORADO HSG FIN AUTH N/A CO HFA 4.25% 11/1/2049 1964795U9 40000.00000000 PA USD 44781.18000000 0.011311380962 Long DBT MUN US N 2 2049-11-01 Fixed 0.04250000 N N N N N N FAIRFIELD CNTY OH HOSP FACS RV N/A FAIRFIELD CT OH 4.25% 6/15/2024 304286AX5 110000.00000000 PA USD 116330.46000000 0.029384177696 Long DBT MUN US N 2 2024-06-15 Fixed 0.04250000 N N N N N N DENVER CO CITY and CNTY ARPT N/A DENVER CO ARPT 5% 11/15/23 @ 249182KH8 25000.00000000 PA USD 27954.36000000 0.007061055906 Long DBT MUN US N 2 2023-11-15 Fixed 0.05000000 N N N N N N ILLINOIS FIN AUTH RV N/A ILLINOIS FIN AT 4.125% 5/15/2047 45204EM21 750000.00000000 PA USD 844066.73000000 0.213204751207 Long DBT MUN US N 2 2047-05-15 Fixed 0.04125000 N N N N N N KENTUCKY ST PTY and BLDGS COMMN N/A KY ST PROP 5% 5/1/26 49151FYW4 80000.00000000 PA USD 96301.58000000 0.024325036960 Long DBT MUN US N 2 2026-05-01 Fixed 0.05000000 N N N N N N UNIVERSITY OF TEXAS UNIV REVS TEHUYFNKZR6XVWLGEU86 UNIV TX 5% 8/15/2028 91514AKA2 1000000.00000000 PA USD 1290848.70000000 0.326058433709 Long DBT MUN US N 2 2028-08-15 Fixed 0.05000000 N N N N N N ILLINOIS FIN AUTH RV N/A ILLINOIS FIN AT 5% 9/1/2038 45204E7C6 100000.00000000 PA USD 121632.93000000 0.030723540755 Long DBT MUN US N 2 2038-09-01 Fixed 0.05000000 N N N N N N ILLINOIS FIN AUTH REV N/A IL FIN 5% 10/1/2029 45203H8M7 30000.00000000 PA USD 36089.84000000 0.009116015458 Long DBT MUN US N 2 2029-10-01 Fixed 0.05000000 N N N N N N MAPLE GROVE MN HEALTH CARE SYS REV N/A MAPLE GRV HLTH 4% 9/1/21 56516TAN5 25000.00000000 PA USD 25306.66000000 0.006392267290 Long DBT MUN US N 2 2021-09-01 Fixed 0.04000000 N N N N N N PENNSYLVANIA ST HIGHER EDL REV N/A PA HEFA 5% 5/1/2035 70917SV34 10000.00000000 PA USD 11834.27000000 0.002989245401 Long DBT MUN US N 2 2035-05-01 Fixed 0.05000000 N N N N N N CONNECTICUT ST SPL TAX OBLIG N/A CT SPEC TAX 5% 1/1/24 207758QJ5 80000.00000000 PA USD 86572.02000000 0.021867425085 Long DBT MUN US N 2 2024-01-01 Fixed 0.05000000 N N N N N N FULTON CNTY GA DEV AUTH REV N/A FULTON CNY GA 5% 6/15/2052 36005FCT0 145000.00000000 PA USD 177954.70000000 0.044949985814 Long DBT MUN US N 2 2052-06-15 Fixed 0.05000000 N N N N N N 2021-04-30 Laura M. Del Prato Laura M. Del Prato Laura M. Del Prato President and Treasurer XXXX NPORT-EX 2 QTLY_3043_20210331.htm

Quarterly Holdings Report
for

Fidelity Flex® Funds

Fidelity Flex® Municipal Income Fund

March 31, 2021







XLI-QTLY-0521
1.9884854.103





Schedule of Investments March 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Municipal Bonds - 84.3%   
 Principal Amount Value 
Alabama - 0.5%   
Auburn Univ. Gen. Fee Rev. Series 2018 A, 5% 6/1/43 100,000 122,202 
Homewood Edl. Bldg. Auth. Rev. Series 2019 A:   
4% 12/1/33 $110,000 $127,375 
4% 12/1/41 85,000 95,841 
4% 12/1/49 190,000 211,058 
Jefferson County Gen. Oblig. Series 2018 A:   
5% 4/1/25 100,000 116,772 
5% 4/1/26 100,000 120,377 
Lower Alabama Gas District Bonds (No. 2 Proj.) Series 2020, 4%, tender 12/1/25 (a) 1,095,000 1,247,589 
TOTAL ALABAMA  2,041,214 
Alaska - 0.3%   
Alaska Hsg. Fin. Corp. Series 2021 A, 4% 12/1/29 (b) 845,000 1,032,093 
Alaska Int'l. Arpts. Revs. Series 2010 A, 5% 10/1/23 (c) 30,000 30,064 
TOTAL ALASKA  1,062,157 
Arizona - 2.7%   
Arizona Board of Regents Arizona State Univ. Rev. Series 2012 A, 5% 7/1/32 (Pre-Refunded to 7/1/22 @ 100) 10,000 10,592 
Arizona Indl. Dev. Auth. Lease Rev. Series 2020 A, 4% 9/1/46 1,750,000 2,002,265 
Arizona Indl. Dev. Auth. Rev. (Provident Group-Eastern Michigan Univ. Parking Proj.) Series 2018:   
5% 5/1/26 450,000 486,913 
5% 5/1/29 290,000 314,779 
5% 5/1/33 565,000 601,574 
Arizona State Lottery Rev. Series 2019, 5% 7/1/23 415,000 459,128 
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.):   
Series 2005, 2.4%, tender 8/14/23 (a) 65,000 67,985 
Series 2007, 2.7%, tender 8/14/23 (a)(c) 600,000 630,175 
Series 2019, 5%, tender 6/3/24 (a)(c) 1,980,000 2,247,973 
Glendale Union School District 205 Series A:   
4% 7/1/36 (FSA Insured) 545,000 660,504 
4% 7/1/37 (FSA Insured) 1,000,000 1,206,108 
Glendale Indl. Dev. Auth. (Terraces of Phoenix Proj.) Series 2018 A:   
5% 7/1/38 10,000 10,502 
5% 7/1/48 10,000 10,351 
Maricopa County Indl. Dev. Auth.:   
(Creighton Univ. Proj.) Series 2020, 5% 7/1/47 100,000 122,780 
Series 2021 A, 4% 9/1/51 775,000 884,957 
Maricopa County Indl. Dev. Auth. Sr. Living Facilities Series 2016:   
5.75% 1/1/36 (d) 100,000 102,341 
6% 1/1/48 (d) 200,000 203,076 
Phoenix Civic Impt. Board Arpt. Rev. Series 2019 B, 5% 7/1/35 (c) 300,000 368,947 
Univ. of Arizona Univ. Revs. Series 2015 A, 5% 6/1/22 10,000 10,563 
Western Maricopa Ed. Ctr. District Series 2019 B, 5% 7/1/24 190,000 218,117 
TOTAL ARIZONA  10,619,630 
California - 3.0%   
Alameda Corridor Trans. Auth. Rev. Series 2016 B, 5% 10/1/37 300,000 350,685 
California Edl. Facilities Auth. Rev. Series T1, 5% 3/15/39 65,000 93,247 
California Gen. Oblig. Series 2020:   
4% 11/1/37 1,000,000 1,208,190 
4% 11/1/45 2,000,000 2,249,875 
California Health Facilities Fing. Auth. Rev. Series 2013 A, 5% 8/15/52 (Pre-Refunded to 8/15/23 @ 100) 445,000 494,729 
California Hsg. Fin. Agcy. Series 2021 1, 3.5% 11/20/35 200,000 228,099 
California Statewide Cmntys. Dev. Auth. Rev. Series 2015, 5% 2/1/45 105,000 109,424 
Los Angeles Dept. Arpt. Rev. Series F, 5% 5/15/44 (c) 175,000 212,313 
Los Angeles Hbr. Dept. Rev. Series 2019 A:   
5% 8/1/22 (c) 155,000 164,392 
5% 8/1/24 (c) 310,000 353,706 
5% 8/1/25 (c) 110,000 129,441 
Middle Fork Proj. Fin. Auth. Series 2020, 5% 4/1/26 1,000,000 1,174,320 
Sacramento County Arpt. Sys. Rev. Series 2018 C, 5% 7/1/39 (c) 105,000 125,864 
San Diego County Reg'l. Arpt. Auth. Arpt. Rev. Series 2019 A, 5% 7/1/49 500,000 609,259 
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev.:   
Series 2019 A, 5% 5/1/49 (c) 3,000,000 3,594,751 
Series 2019 B, 5% 5/1/49 45,000 54,997 
Washington Township Health Care District Rev.:   
Series 2017 A, 5% 7/1/35 190,000 219,954 
Series 2017 B:   
5% 7/1/29 115,000 137,147 
5% 7/1/30 230,000 273,088 
TOTAL CALIFORNIA  11,783,481 
Colorado - 2.7%   
Arkansas River Pwr. Auth. Rev. Series 2018 A:   
5% 10/1/38 40,000 46,328 
5% 10/1/43 50,000 57,228 
Colorado Health Facilities Auth.:   
(Parkview Med. Ctr., Inc. Proj.) Series 2016, 4% 9/1/35 35,000 38,527 
Bonds Series 2019 B:   
5%, tender 8/1/26 (a) 110,000 130,840 
5%, tender 11/19/26 (a) 210,000 259,687 
Series 2019 A:   
5% 11/1/25 435,000 518,101 
5% 11/15/39 190,000 240,116 
Colorado Health Facilities Auth. Rev. Bonds Series 2016 C, 5%, tender 11/15/26 (a) 275,000 339,964 
Colorado Hsg. & Fin. Auth.:   
Series 2019 F, 4.25% 11/1/49 70,000 78,253 
Series 2019 H, 4.25% 11/1/49 40,000 44,781 
Colorado Reg'l. Trans. District Ctfs. of Prtn. Series 2020, 5% 6/1/31 105,000 134,371 
Colorado Reg'l. Trans. District Sales Tax Rev. (Fastracks Proj.) Series 2021 B, 5% 11/1/28 725,000 938,783 
Colorado Univ. Co. Hosp. Auth. Rev. Series 2012 A, 5% 11/15/42 845,000 901,187 
Denver City & County Arpt. Rev.:   
Series 2017 A:   
5% 11/15/23 (c) 25,000 27,954 
5% 11/15/26 (c) 50,000 61,102 
Series 2018 A, 5% 12/1/34 (c) 1,125,000 1,518,170 
Denver City & County Board Wtr. Rev. Series 2020 B:   
5% 9/15/27 2,000,000 2,532,947 
5% 9/15/28 2,000,000 2,591,217 
Vauxmont Metropolitan District:   
Series 2019, 5% 12/15/25 (FSA Insured) 40,000 46,777 
Series 2020, 5% 12/1/30 (FSA Insured) 220,000 277,585 
TOTAL COLORADO  10,783,918 
Connecticut - 3.2%   
Connecticut Gen. Oblig.:   
Series 2014 H, 5% 11/15/21 295,000 303,754 
Series 2016 B:   
5% 5/15/25 220,000 259,659 
5% 5/15/26 125,000 151,744 
Series 2016 D, 5% 8/15/25 210,000 249,890 
Series 2018 F:   
5% 9/15/24 100,000 115,655 
5% 9/15/25 100,000 119,314 
Series 2019 A, 5% 4/15/26 115,000 139,274 
Series 2020 A, 4% 1/15/34 300,000 357,664 
Connecticut Health & Edl. Facilities Auth. Rev.:   
Bonds Series 2020 B:   
5%, tender 1/1/25 (a) 200,000 231,680 
5%, tender 1/1/27 (a) 330,000 404,364 
Series 2019 A, 5% 7/1/49 (d) 130,000 133,994 
Series 2019 Q-1:   
5% 11/1/25 90,000 106,792 
5% 11/1/26 95,000 115,463 
Series 2020 K, 4% 7/1/45 1,000,000 1,128,392 
Series A:   
5% 7/1/26 160,000 183,454 
5% 7/1/26 (Pre-Refunded to 7/1/21 @ 100) 105,000 106,231 
Series E, 5% 7/1/42 250,000 276,829 
Series K1:   
5% 7/1/34 725,000 836,586 
5% 7/1/36 450,000 515,967 
5% 7/1/39 490,000 557,292 
Series K3, 5% 7/1/43 215,000 242,412 
Series L1:   
4% 7/1/28 (b) 750,000 891,678 
4% 7/1/29 (b) 750,000 899,894 
4% 7/1/30 (b) 1,000,000 1,210,019 
Series N:   
5% 7/1/25 390,000 445,840 
5% 7/1/26 575,000 672,119 
5% 7/1/27 430,000 512,016 
Series R, 5% 6/1/36 900,000 1,135,322 
Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Series 2012 A, 5% 1/1/24 80,000 86,572 
Univ. of Connecticut Gen. Oblig.:   
Series 2016 A, 5% 3/15/22 85,000 88,814 
Series 2019 A, 5% 11/1/25 140,000 167,303 
TOTAL CONNECTICUT  12,645,987 
District Of Columbia - 0.9%   
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev. (Dulles Metrorail and Cap. Impt. Projs.) Series 2019 A:   
5% 10/1/31 185,000 227,719 
5% 10/1/44 1,000,000 1,187,235 
Metropolitan Washington DC Arpts. Auth. Sys. Rev.:   
Series 2011 C:   
5% 10/1/22 (c) 60,000 61,362 
5% 10/1/23 (c) 65,000 66,535 
5% 10/1/24 (c) 60,000 61,405 
5% 10/1/25 (c) 80,000 81,873 
Series 2017 A, 5% 10/1/26 (c) 440,000 536,560 
Series 2019 A, 5% 10/1/25 (c) 70,000 83,126 
Series 2020 A:   
5% 10/1/25 (c) 440,000 522,509 
5% 10/1/26 (c) 320,000 390,226 
5% 10/1/27 (c) 110,000 137,412 
5% 10/1/28 (c) 55,000 69,642 
Washington Convention & Sports Auth. Series 2018 A:   
5% 10/1/23 100,000 110,416 
5% 10/1/24 100,000 113,853 
5% 10/1/25 100,000 116,918 
TOTAL DISTRICT OF COLUMBIA  3,766,791 
Florida - 4.2%   
Atlantic Beach Health Care Facilities Series A, 5% 11/15/43 255,000 284,295 
Broward County Arpt. Sys. Rev.:   
Series 2012 Q1, 5% 10/1/21 250,000 255,823 
Series 2015 C, 5% 10/1/24 (c) 45,000 51,635 
Series 2017, 5% 10/1/42 (c) 1,365,000 1,605,688 
Series 2019 A, 5% 10/1/49 (c) 1,000,000 1,199,344 
Broward County School Board Ctfs. of Prtn.:   
Series 2015 A, 5% 7/1/23 50,000 55,150 
Series 2016, 5% 7/1/26 230,000 279,154 
Cap. Projs. Fin. Auth. Student Hsg. Rev. (Cap. Projs. Ln. Prog. - Florida Univs.) Series 2020 A, 5% 10/1/30 500,000 611,156 
Escambia County Health Facilities Auth. Health Facilities Rev. Series 2020 A, 4% 8/15/45 110,000 122,013 
Florida Higher Edl. Facilities Fing. Auth. (St. Leo Univ. Proj.) Series 2019, 5% 3/1/24 390,000 424,593 
Florida Hsg. Fin. Corp. Rev. Series 2019 1, 4% 7/1/50 170,000 188,845 
Florida Mid-Bay Bridge Auth. Rev. Series 2015 A:   
5% 10/1/27 105,000 122,530 
5% 10/1/29 80,000 92,447 
5% 10/1/30 70,000 80,602 
Greater Orlando Aviation Auth. Arpt. Facilities Rev.:   
Series 2017 A, 5% 10/1/31 (c) 125,000 151,673 
Series 2019 A:   
5% 10/1/22 (c) 300,000 321,257 
5% 10/1/23 (c) 300,000 334,087 
5% 10/1/24 (c) 300,000 345,693 
5% 10/1/25 (c) 300,000 356,256 
5% 10/1/32 (c) 300,000 377,704 
5% 10/1/38 (c) 430,000 531,140 
5% 10/1/54 (c) 1,620,000 1,959,152 
Lee County Arpt. Rev. Series 2011 A, 5.375% 10/1/32 (c) 25,000 25,383 
Lee Memorial Health Sys. Hosp. Rev. Series 2019 A1, 5% 4/1/44 665,000 808,893 
Miami-Dade County Aviation Rev.:   
Series 2015 A, 5% 10/1/27 (c) 355,000 417,273 
Series 2016 A, 5% 10/1/29 145,000 174,263 
Series 2017 B, 5% 10/1/40 (c) 635,000 752,701 
Series 2020 A:   
4% 10/1/40 300,000 350,338 
5% 10/1/25 245,000 291,899 
Miami-Dade County Expressway Auth. Series 2014 A, 5% 7/1/25 395,000 451,664 
Miami-Dade County School Board Ctfs. of Prtn.:   
Bonds Series 2014 A, 5%, tender 5/1/24 (a) 100,000 113,332 
Series 2015 D, 5% 2/1/26 10,000 11,995 
South Miami Health Facilities Auth. Hosp. Rev. (Baptist Med. Ctr., FL. Proj.) Series 2017:   
5% 8/15/26 100,000 121,888 
5% 8/15/42 5,000 5,959 
Tallahassee Health Facilities Rev.:   
(Tallahassee Memorial Healthcare, Inc. Proj.) Series 2016 A, 5% 12/1/26 100,000 117,679 
Series 2015 A, 5% 12/1/40 410,000 457,379 
Tampa Hosp. Rev.:   
(H Lee Moffitt Cancer Ctr. Proj.) Series 2016 B, 5% 7/1/29 25,000 29,753 
(H. Lee Moffitt Cancer Ctr. Proj.) Series 2020 B, 4% 7/1/39 1,000,000 1,145,787 
Tampa Tax Allocation (H. Lee Moffitt Cancer Ctr. Proj.) Series 2020 A:   
0% 9/1/34 700,000 487,368 
0% 9/1/35 750,000 500,462 
0% 9/1/36 800,000 510,780 
Volusia County Edl. Facilities Auth. Rev. (Embry-Riddle Aeronautical Univ., Inc. Proj.) Series 2020 A:   
5% 10/15/44 30,000 36,191 
5% 10/15/49 60,000 71,956 
TOTAL FLORIDA  16,633,180 
Georgia - 2.7%   
Atlanta Arpt. Rev. Series 2019 B, 5% 7/1/25 (c) 60,000 70,618 
Atlanta Wtr. & Wastewtr. Rev. Series 2018 B, 5% 11/1/47 1,000,000 1,232,162 
Brookhaven Dev. Auth. Rev. Series 2019 A, 5% 7/1/36 150,000 191,718 
Burke County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Vogtle Proj.):   
Series 1994:   
2.15%, tender 6/13/24 (a) 1,140,000 1,192,401 
2.25%, tender 5/25/23 (a) 315,000 326,695 
Series 2013 1st, 2.925%, tender 3/12/24 (a) 330,000 351,759 
DeKalb Private Hosp. Auth. Rev. Series 2019 B, 5% 7/1/27 210,000 263,596 
Fulton County Dev. Auth. Rev. Series 2019:   
4% 6/15/49 40,000 45,703 
5% 6/15/52 145,000 177,955 
Georgia Muni. Elec. Auth. Pwr. Rev.:   
Series 2018 A, 5% 1/1/22 375,000 387,968 
Series 2019 A:   
4% 1/1/49 245,000 273,266 
5% 1/1/23 450,000 485,832 
5% 1/1/26 165,000 196,579 
5% 1/1/30 55,000 68,825 
5% 1/1/34 375,000 461,393 
Series HH, 5% 1/1/22 425,000 439,698 
Georgia Road & Thruway Auth. Rev. Series 2020, 5% 6/1/31 1,000,000 1,323,049 
Glynn-Brunswick Memorial Hosp. Auth. Rev. (Southeast Georgia Health Sys. Proj.) Series 2017:   
4% 8/1/43 5,000 5,308 
5% 8/1/39 5,000 5,592 
5% 8/1/43 5,000 5,772 
Hosp. Auth. of Savannah Auth. Rev. Series 2019 A:   
4% 7/1/36 195,000 222,701 
4% 7/1/43 205,000 229,790 
Main Street Natural Gas, Inc. Bonds Series 2018 C, 4%, tender 12/1/23 (a) 500,000 543,418 
Monroe County Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Scherer Proj.) Series 1995, 2.25% 7/1/25 200,000 205,848 
Private Colleges & Univs. Auth. Rev.:   
Series 2020 B:   
5% 9/1/25 180,000 214,760 
5% 9/1/34 1,000,000 1,312,692 
Series A:   
4% 6/1/21 120,000 120,650 
5% 6/1/22 80,000 84,104 
5% 6/1/23 80,000 87,482 
5% 6/1/24 130,000 146,741 
TOTAL GEORGIA  10,674,075 
Hawaii - 1.5%   
Hawaii Arpts. Sys. Rev.:   
Series 2015 A, 5% 7/1/45 (c) 1,000,000 1,145,396 
Series 2018 A:   
5% 7/1/33 (c) 125,000 152,499 
5% 7/1/48 (c) 2,800,000 3,311,381 
Hawaii Gen. Oblig. Series 2020 A, 4% 7/1/36 (c) 40,000 46,673 
Honolulu City & County Gen. Oblig.:   
(Honolulu Rail Transit Proj.) Series 2020 B, 5% 3/1/29 1,000,000 1,303,478 
Series 2017 A, 5% 9/1/33 5,000 6,154 
Honolulu City and County Wastewtr. Sys. Series 2015 A, 5% 7/1/40 (Pre-Refunded to 7/1/25 @ 100) 115,000 136,571 
TOTAL HAWAII  6,102,152 
Idaho - 0.0%   
Idaho Hsg. & Fin. Assoc. Single Family Mtg. Series 2019 A, 4% 1/1/50 25,000 27,817 
Illinois - 13.4%   
Champaign County Cmnty. Unit Series 2019, 4% 6/1/26 15,000 17,367 
Chicago Board of Ed.:   
Series 1998 B1, 0% 12/1/21 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 45,000 44,792 
Series 2011 A, 5% 12/1/41 50,000 50,937 
Series 2012 A, 5% 12/1/42 830,000 860,403 
Series 2018 A:   
5% 12/1/29 350,000 423,733 
5% 12/1/31 150,000 179,851 
Series 2018 C, 5% 12/1/46 200,000 231,136 
Series 2019 A:   
5% 12/1/29 125,000 153,371 
5% 12/1/30 405,000 495,916 
5% 12/1/30 100,000 122,448 
Series 2021 A, 5% 12/1/41 1,465,000 1,763,475 
Series 2021 B:   
5% 12/1/21 400,000 412,033 
5% 12/1/22 500,000 534,359 
Chicago Gen. Oblig.:   
Series 2015 C, 5% 1/1/27 215,000 247,609 
Series 2020 A:   
5% 1/1/27 400,000 471,910 
5% 1/1/30 230,000 283,405 
Chicago Midway Arpt. Rev.:   
Series 2013 A:   
5.375% 1/1/33 (c) 2,000,000 2,156,521 
5.5% 1/1/29 (c) 200,000 217,248 
Series 2014 B:   
5% 1/1/26 100,000 112,346 
5% 1/1/28 270,000 301,997 
Series 2016 B:   
4% 1/1/35 200,000 218,992 
5% 1/1/46 2,000,000 2,319,275 
Chicago O'Hare Int'l. Arpt. Rev.:   
Series 2012 B, 4% 1/1/29 (c) 400,000 409,087 
Series 2013 A, 5% 1/1/23 (c) 70,000 75,663 
Series 2017 B, 5% 1/1/37 50,000 59,236 
Series 2018 A, 5% 1/1/48 (c) 90,000 106,265 
Chicago O'Hare Int'l. Arpt. Spl. Facilities Rev. Series 2018:   
5% 7/1/38 (c) 50,000 58,856 
5% 7/1/48 (c) 400,000 466,945 
Cook County Cmnty. Consolidated School District No. 59 Series 2020, 5% 3/1/26 615,000 741,817 
Cook County Gen. Oblig.:   
Series 2011 A, 5.25% 11/15/23 50,000 51,515 
Series 2016 A:   
5% 11/15/23 10,000 11,204 
5% 11/15/31 500,000 609,176 
Series 2021 A:   
5% 11/15/22 125,000 134,604 
5% 11/15/23 35,000 39,214 
5% 11/15/24 50,000 57,883 
Illinois Fin. Auth. Bonds Series 2020 B, 5%, tender 11/15/24 (a) 400,000 453,654 
Illinois Fin. Auth. Academic Facilities:   
(Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A, 5% 10/1/25 200,000 235,758 
(Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A:   
5% 10/1/26 200,000 241,626 
5% 10/1/31 200,000 252,278 
Illinois Fin. Auth. Rev.:   
(Bradley Univ. Proj.) Series 2017 C:   
5% 8/1/22 40,000 41,987 
5% 8/1/24 45,000 50,148 
5% 8/1/30 615,000 714,271 
(Depaul Univ., IL Proj.):   
Series 2016 A, 5% 10/1/28 10,000 12,046 
Series 2016, 5% 10/1/29 30,000 36,090 
(OSF Healthcare Sys.) Series 2018 A:   
4.125% 5/15/47 750,000 844,067 
5% 5/15/43 790,000 952,161 
(Presence Health Proj.) Series 2016 C, 5% 2/15/36 15,000 17,931 
Series 2011 IL, 5% 12/1/22 (Pre-Refunded to 12/1/21 @ 100) 5,000 5,159 
Series 2012 A, 5% 5/15/41 (Pre-Refunded to 5/15/22 @ 100) 695,000 732,326 
Series 2013:   
4% 5/15/33 (Pre-Refunded to 5/15/22 @ 100) 270,000 280,888 
4.25% 5/15/43 (Pre-Refunded to 5/15/22 @ 100) 55,000 57,370 
5% 11/15/24 65,000 69,801 
Series 2015 A:   
5% 11/15/23 10,000 11,143 
5% 11/15/25 150,000 177,890 
5% 11/15/45 300,000 345,932 
Series 2015 C:   
4.125% 8/15/37 60,000 64,614 
5% 8/15/26 35,000 40,848 
5% 8/15/44 1,380,000 1,542,066 
Series 2016 A:   
5% 8/15/24 (Escrowed to Maturity) 65,000 74,972 
5% 7/1/31 30,000 35,289 
5% 7/1/33 10,000 11,701 
5% 7/1/36 45,000 52,260 
Series 2016 B, 5% 8/15/35 250,000 294,452 
Series 2016 C:   
4% 2/15/41 35,000 39,016 
4% 2/15/41 (Pre-Refunded to 2/15/27 @ 100) 5,000 5,889 
5% 2/15/34 50,000 60,018 
Series 2016:   
5% 12/1/23 155,000 173,210 
5% 5/15/29 10,000 11,838 
5% 12/1/29 620,000 745,991 
5% 12/1/33 485,000 580,270 
5% 12/1/40 85,000 100,716 
5% 12/1/46 2,695,000 3,166,883 
Series 2017 A, 5% 7/15/42 1,000,000 1,203,698 
Series 2018 A:   
4.25% 1/1/44 55,000 61,325 
5% 1/1/38 225,000 268,490 
5% 1/1/44 340,000 400,675 
Series 2019:   
4% 9/1/35 60,000 67,510 
5% 9/1/36 295,000 360,855 
5% 9/1/38 100,000 121,633 
Illinois Gen. Oblig.:   
Serie 2014, 5% 4/1/24 100,000 111,789 
Series 2012 A, 4% 1/1/23 65,000 66,549 
Series 2012:   
5% 8/1/22 90,000 95,100 
5% 8/1/24 70,000 73,608 
Series 2013 A, 5% 4/1/23 525,000 568,586 
Series 2013, 5% 7/1/23 10,000 10,922 
Series 2014, 5% 2/1/25 520,000 575,650 
Series 2016:   
5% 1/1/26 5,000 5,833 
5% 2/1/26 400,000 467,443 
5% 2/1/27 585,000 696,175 
5% 11/1/29 1,400,000 1,626,081 
Series 2017 D:   
5% 11/1/25 65,000 75,172 
5% 11/1/26 1,640,000 1,931,319 
5% 11/1/27 250,000 297,837 
Series 2017, 4% 2/1/24 15,000 16,272 
Series 2018 A, 5% 10/1/24 25,000 28,323 
Series 2018 B:   
5% 5/1/24 1,500,000 1,680,644 
5% 10/1/24 1,050,000 1,189,568 
Series 2019 B:   
5% 9/1/21 105,000 106,897 
5% 9/1/22 100,000 106,001 
5% 9/1/23 105,000 115,337 
5% 9/1/24 105,000 118,709 
5% 9/1/25 20,000 23,171 
Series 2021 A, 5% 3/1/32 450,000 557,925 
Series May 2014, 5% 5/1/39 1,600,000 1,721,977 
Illinois Sales Tax Rev. Series 2013, 5% 6/15/24 285,000 310,200 
Illinois Toll Hwy. Auth. Toll Hwy. Rev.:   
Series 2014 A, 5% 12/1/22 235,000 253,430 
Series A:   
5% 1/1/40 220,000 277,946 
5% 1/1/45 2,100,000 2,609,488 
Kane, Cook & DuPage Counties School District #46 Elgin Series 2003 B, 0% 1/1/22 (Escrowed to Maturity) 100,000 99,875 
Kendall, Kane & Will Counties Cmnty. Unit School District #308:   
Series 2008, 0% 2/1/25 (FSA Insured) 315,000 302,961 
Series 2011, 5.5% 2/1/22 (Pre-Refunded to 2/1/22 @ 100) 100,000 103,995 
Series 2015, 4% 2/1/30 800,000 889,393 
Metropolitan Pier & Exposition:   
(McCormick Place Expansion Proj.) Series 2010 B1:   
0% 6/15/43 (FSA Insured) 610,000 316,827 
0% 6/15/47 (FSA Insured) 155,000 69,269 
Series 1994 A, 0% 6/15/25 25,000 23,622 
Series 1994, 0% 6/15/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 1,200,000 1,050,002 
Series 2002 A, 0% 6/15/32 (Nat'l. Pub. Fin. Guarantee Corp. Insured) 30,000 22,886 
Series 2002, 0% 12/15/23 205,000 199,386 
Series 2012 B, 5% 6/15/23 10,000 10,496 
Series 2017 A, 5% 6/15/57 875,000 1,021,961 
Series 2020 A:   
4% 6/15/50 1,170,000 1,297,658 
5% 6/15/50 1,730,000 2,057,135 
Northern Illinois Univ. Revs. Series 2020 B, 4% 4/1/40 (Build America Mutual Assurance Insured) 455,000 512,530 
Railsplitter Tobacco Settlement Auth. Rev. Series 2010, 5.5% 6/1/23 (Pre-Refunded to 6/1/21 @ 100) 105,000 105,883 
Univ. of Illinois Board of Trustees Ctfs. of Prtn. (Univ. of Illinois Rev. Proj.) Series 2014 A, 5% 10/1/26 15,000 17,117 
Univ. of Illinois Rev. Series 2018 A, 5% 4/1/30 100,000 122,974 
TOTAL ILLINOIS  53,399,256 
Indiana - 0.5%   
Indiana Fin. Auth. Envir. Facilities Rev. Bonds (Indianapolis Pwr. & Lt. Co. Proj.):   
Series 2020 A, 0.75%, tender 4/1/26 (a) 50,000 49,289 
Series 2020 B, 0.95%, tender 4/1/26 (a) 100,000 98,443 
Indiana Fin. Auth. Rev.:   
Series 2012, 5% 3/1/23 (Pre-Refunded to 3/1/22 @ 100) 35,000 36,552 
Series 2016:   
5% 9/1/24 20,000 22,946 
5% 9/1/30 50,000 59,303 
Indiana Health Facility Fing. Auth. Rev. Bonds Series 2001 A2, 2%, tender 2/1/23 (a) 65,000 66,933 
Indiana Hsg. & Cmnty. Dev. Auth. Series A, 3.75% 1/1/49 425,000 471,249 
Saint Joseph County Econ. Dev. Auth. Rev. (St. Mary's College Proj.):   
Series 2019, 4% 4/1/46 215,000 234,348 
Series 2020, 5% 4/1/30 105,000 130,478 
Whiting Envir. Facilities Rev. Bonds (BP Products North America, Inc. Proj.) Series 2019 A, 5%, tender 6/5/26 (a)(c) 695,000 843,623 
TOTAL INDIANA  2,013,164 
Iowa - 0.7%   
Iowa Fin. Auth. Rev.:   
Series 2019 A2, 2.875% 5/15/49 70,000 70,693 
Series A:   
5% 5/15/43 35,000 39,696 
5% 5/15/48 25,000 28,219 
Iowa Higher Ed. Ln. Auth. Rev. (Grinnell College Proj.) Series 2017, 5% 12/1/46 2,000,000 2,425,991 
Iowa Student Ln. Liquidity Corp. Student Ln. Rev. Series 2019 B, 5% 12/1/27 (c) 155,000 189,093 
TOTAL IOWA  2,753,692 
Kentucky - 2.0%   
Ashland Med. Ctr. Rev. Series 2019:   
4% 2/1/37 175,000 188,890 
5% 2/1/25 280,000 313,472 
Carroll County Poll. Ctlr Rev. Bonds (Kentucky Utils. Co. Proj.) Series 2016 A, 1.55%, tender 9/1/26 (a) 1,000,000 994,419 
Kentucky Econ. Dev. Fin. Auth.:   
Bonds Series 2009 B, 2.7%, tender 11/10/21 (a) 100,000 101,105 
Series 2019 A2, 5% 8/1/30 345,000 438,316 
Kentucky State Property & Buildings Commission Rev.:   
(Proj. No. 118) Series 2018, 5% 4/1/25 175,000 203,976 
(Proj. No. 119) Series 2018:   
5% 5/1/26 80,000 96,302 
5% 5/1/29 85,000 106,776 
5% 5/1/32 20,000 24,961 
5% 5/1/33 15,000 18,656 
5% 5/1/34 20,000 24,796 
5% 5/1/35 10,000 12,260 
5% 5/1/36 10,000 12,224 
5% 5/1/38 1,000,000 1,216,027 
Series A:   
4% 11/1/35 600,000 689,824 
5% 11/1/29 150,000 191,002 
Series C, 5% 11/1/21 140,000 143,800 
Kentucky, Inc. Pub. Energy:   
Bonds Series A, 4%, tender 6/1/26 (a) 1,505,000 1,723,022 
Series A, 4% 6/1/21 145,000 145,820 
Louisville & Jefferson County:   
Bonds:   
Series 2020 B, 5%, tender 10/1/23 (a) 200,000 222,121 
Series 2020 C, 5%, tender 10/1/26 (a) 70,000 85,278 
Series 2020 D, 5%, tender 10/1/29 (a) 85,000 109,795 
Series 2016 A, 5% 10/1/32 70,000 83,764 
Series 2020 A, 4% 10/1/40 195,000 220,986 
Louisville Reg'l. Arpt. Auth. Sys. Rev. Series 2014 A, 5% 7/1/24 (c) 65,000 73,785 
Louisville/Jefferson County Metropolitan Gov. Series 2012, 5% 12/1/35 (Pre-Refunded to 6/1/22 @ 100) 125,000 131,907 
Trimble County Poll. Cont. Rev. Bonds (Louisville Gas and Elec. Co. Proj.) Series 2001 B, 2.55%, tender 5/3/21 (a) 200,000 200,351 
TOTAL KENTUCKY  7,773,635 
Louisiana - 1.0%   
Calcasieu Parish Memorial Hosp. (Lake Charles Memorial Hosp. Proj.) Series 2019, 4% 12/1/21 775,000 783,454 
Louisiana Pub. Facilities Auth. Rev.:   
(Ochsner Clinic Foundation Proj.):   
Series 2015, 5% 5/15/47 195,000 222,123 
Series 2017, 5% 5/15/27 115,000 141,807 
(Tulane Univ. of Louisiana Proj.):   
Series 2016 A, 5% 12/15/28 15,000 18,155 
Series 2017 A, 5% 12/15/32 165,000 202,820 
Series 2018 E, 5% 7/1/38 100,000 122,639 
New Orleans Aviation Board Rev. (North Term. Proj.):   
Series 2015 B, 5% 1/1/40 (c) 190,000 214,457 
Series 2017 B, 5% 1/1/48 (c) 2,000,000 2,303,299 
TOTAL LOUISIANA  4,008,754 
Maine - 0.5%   
Maine Health & Higher Edl. Facilities Auth. Rev.:   
(Eastern Maine Healthcare Systems Proj.) Series 2013, 5% 7/1/43 220,000 229,182 
(Univ. of New England) Series 2017 A, 4% 7/1/22 20,000 20,917 
Series 2011:   
6.75% 7/1/41 (Pre-Refunded to 7/1/21 @ 100) 100,000 101,583 
7.5% 7/1/32 (Pre-Refunded to 7/1/21 @ 100) 180,000 183,171 
Series 2013:   
5% 7/1/25 40,000 42,969 
5% 7/1/33 65,000 68,281 
Series 2014, 5% 7/1/30 585,000 655,463 
Series 2016 A:   
4% 7/1/41 85,000 86,789 
4% 7/1/46 85,000 86,018 
5% 7/1/41 25,000 27,047 
5% 7/1/46 140,000 150,415 
Series 2017 B, 5% 7/1/29 10,000 11,952 
Series 2018, 5% 7/1/48 135,000 162,859 
TOTAL MAINE  1,826,646 
Maryland - 2.5%   
Anne Arundel County Gen. Oblig. Series 2021, 5% 4/1/27 2,000,000 2,506,842 
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev.:   
Series 2019 B, 4% 9/1/49 105,000 116,669 
Series 2019 C, 5% 9/1/28 115,000 146,417 
Maryland Econ. Dev. Corp. Air Cargo Series 2019:   
5% 7/1/22 (c) 280,000 294,543 
5% 7/1/23 (c) 325,000 354,653 
5% 7/1/25 (c) 510,000 590,758 
5% 7/1/26 (c) 230,000 273,044 
Maryland Health & Higher Edl. Series 2021 A, 5% 6/1/29 120,000 149,007 
Maryland Health & Higher Edl. Facilities Auth. Rev. (Medstar Health, Inc. Proj.) Series 2017 A, 5% 5/15/45 150,000 178,643 
Maryland Trans. Auth. Trans. Facility Projs. Rev. Series 2020:   
4% 7/1/50 2,500,000 2,901,232 
5% 7/1/40 2,000,000 2,570,771 
TOTAL MARYLAND  10,082,579 
Massachusetts - 3.2%   
Massachusetts Dept. of Trans. Metropolitan Hwy. Sys. Rev. Bonds Series 2019 A, 5%, tender 1/1/23 (a) 300,000 324,818 
Massachusetts Dev. Fin. Agcy. Rev.:   
(Lawrence Gen. Hosp.):   
Series 2014 A, 5.25% 7/1/34 40,000 39,695 
Series 2017, 5% 7/1/21 100,000 100,149 
Series 2016 A, 5% 1/1/31 40,000 47,124 
Series 2016 I:   
5% 7/1/30 195,000 230,549 
5% 7/1/41 140,000 161,653 
Series 2017 A:   
5% 1/1/36 325,000 386,667 
5% 1/1/37 1,050,000 1,245,730 
Series 2017, 5% 7/1/36 275,000 324,534 
Series 2018, 5% 1/1/43 180,000 210,310 
Series 2019 K:   
5% 7/1/25 125,000 147,752 
5% 7/1/26 165,000 200,736 
5% 7/1/27 195,000 243,019 
Series 2019:   
5% 7/1/27 440,000 542,345 
5% 9/1/59 510,000 611,708 
Series 2020 A:   
4% 7/1/45 480,000 534,483 
5% 10/15/28 1,000,000 1,302,974 
Series M:   
4% 10/1/50 490,000 544,142 
5% 10/1/45 370,000 452,495 
Massachusetts Edl. Fing. Auth. Rev.:   
Series 2016 J, 5% 7/1/22 (c) 130,000 137,586 
Series 2016, 5% 7/1/24 (c) 210,000 239,033 
Massachusetts Gen. Oblig. Series 2019 A, 5% 1/1/49 2,000,000 2,444,228 
Massachusetts Port Auth. Rev.:   
Series 2019 A, 5% 7/1/40 (c) 500,000 616,576 
Series 2021 E, 5% 7/1/51 (c) 1,000,000 1,249,001 
Massachusetts Port Auth. Spl. Facilities Rev. (Bosfuel Proj.) Series 2019 A, 5% 7/1/49 (c) 230,000 274,498 
TOTAL MASSACHUSETTS  12,611,805 
Michigan - 2.0%   
Detroit Downtown Dev. Auth. Tax Series A, 5% 7/1/37 (FSA Insured) 40,000 45,077 
Flint Hosp. Bldg. Auth. Rev. Series 2020:   
4% 7/1/41 140,000 149,295 
5% 7/1/25 60,000 67,826 
5% 7/1/27 265,000 310,417 
Grand Rapids Pub. Schools Series 2019, 5% 11/1/26 (FSA Insured) 180,000 222,179 
Great Lakes Wtr. Auth. Sew Disp. Sys. Series 2018 A, 5% 7/1/48 200,000 241,573 
Great Lakes Wtr. Auth. Wtr. Supply Sys. Rev. Series 2016 D, 5% 7/1/27 100,000 121,830 
Kalamazoo Hosp. Fin. Auth. Hosp. Facilities Rev. Series 2016, 4% 5/15/36 185,000 202,268 
Michigan Fin. Auth. Rev.:   
(Charter County of Wayne Criminal Justice Ctr. Proj.) Series 2018, 5% 11/1/43 50,000 61,017 
(Henry Ford Health Sys. Proj.) Series 2016, 5% 11/15/25 570,000 681,689 
Series 2016:   
5% 11/15/26 160,000 197,301 
5% 11/15/41 30,000 35,329 
Series 2019 A, 5% 11/15/48 55,000 67,516 
Series 2020 A:   
4% 5/15/22 325,000 338,031 
4% 6/1/49 135,000 153,389 
Series 2021:   
4% 9/1/31 (b) 665,000 795,469 
5% 9/1/32 (b) 690,000 887,357 
5% 9/1/33 (b) 650,000 832,731 
5% 9/1/36 (b) 505,000 642,596 
Michigan Hosp. Fin. Auth. Rev. (Trinity Health Proj.) Series 2008 C, 5% 12/1/32 10,000 12,381 
Michigan Strategic Fund Ltd. Oblig. Rev. Bonds (Consumer Energy Co. Proj.) Series 2019, 1.8%, tender 10/1/24 (a)(c) 175,000 179,598 
Univ. of Michigan Rev. Series 2020 A, 5% 4/1/50 1,000,000 1,267,467 
Wayne County Arpt. Auth. Rev.:   
Series 2017 A, 5% 12/1/29 45,000 55,707 
Series 2017 B, 5% 12/1/42 (c) 150,000 176,821 
Series 2018 D, 5% 12/1/29 (c) 85,000 105,803 
TOTAL MICHIGAN  7,850,667 
Minnesota - 1.1%   
City of White Bear Lake (YMCA of Greater Twin Cities Proj.) Series 2018, 5% 6/1/22 490,000 512,805 
Duluth Econ. Dev. Auth. Health Care Facilities Rev. Series 2018 A:   
5% 2/15/48 220,000 258,633 
5% 2/15/58 270,000 315,663 
Maple Grove Health Care Sys. Rev.:   
( North Memorial Med. Ctr., Proj.) Series 2015, 4% 9/1/21 25,000 25,307 
Series 2015, 5% 9/1/26 60,000 69,103 
Minnesota Higher Ed. Facilities Auth. Rev. Series 2018 A:   
5% 10/1/30 500,000 611,688 
5% 10/1/45 30,000 35,198 
Minnesota Hsg. Fin. Agcy. Series B, 4% 8/1/39 2,050,000 2,434,226 
Shakopee Sr. Hsg. Rev. Bonds Series 2018, 5.85%, tender 11/1/25 (a)(d) 255,000 273,548 
TOTAL MINNESOTA  4,536,171 
Mississippi - 0.0%   
Mississippi Hosp. Equip. & Facilities Auth.:   
Bonds Series II, 5%, tender 3/1/27 (a) 80,000 95,297 
Series I, 5% 10/1/24 70,000 80,452 
TOTAL MISSISSIPPI  175,749 
Missouri - 1.2%   
Cape Girardeau County Indl. Dev. Auth. (Southeast Hosp. Proj.) Series 2017 A, 5% 3/1/36 35,000 37,612 
Kansas City Wtr. Rev. Series 2020 A, 4% 12/1/44 1,200,000 1,437,321 
Missouri Health & Edl. Facilities Rev.:   
Series 2017 A, 5% 10/1/42 475,000 568,653 
Series 2018 A, 5% 11/15/43 1,000,000 1,206,944 
Missouri Hsg. Dev. Commission Single Family Mtg. Rev.:   
Series 2019, 4% 5/1/50 25,000 27,797 
Series 2021 A, 3% 5/1/52 585,000 641,968 
Saint Louis Arpt. Rev. Series A, 5.25% 7/1/26 (FSA Insured) 570,000 700,094 
Saint Louis County Indl. Dev. Auth. Sr. Living Facilities Rev. Series 2018 A, 5.125% 9/1/48 25,000 27,636 
TOTAL MISSOURI  4,648,025 
Montana - 0.0%   
Montana Board Hsg. Single Family:   
Series 2017 A, 4% 12/1/47 (c) 30,000 31,692 
Series 2019 B, 4% 6/1/50 15,000 16,994 
Montana Facility Fin. Auth. Rev. (Benefis Health Sys. Proj.) Series 2016, 5% 2/15/32 30,000 35,585 
TOTAL MONTANA  84,271 
Nebraska - 0.2%   
Central Plains Energy Proj. Gas Supply Bonds Series 2019, 4%, tender 8/1/25 (a) 575,000 652,736 
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev.:   
Series 2019 B, 4% 9/1/49 (c) 65,000 71,493 
Series 2019 E, 3.75% 9/1/49 (c) 85,000 91,964 
TOTAL NEBRASKA  816,193 
Nevada - 0.3%   
Clark County School District Series 2017 A, 5% 6/15/25 400,000 471,034 
Nevada Hsg. Division Single Family Mtg. Rev.:   
Series 2019 A, 4% 4/1/49 465,000 517,156 
Series 2019 B, 4% 10/1/49 40,000 44,545 
Tahoe-Douglas Visitors Auth. Series 2020, 5% 7/1/45 195,000 219,236 
TOTAL NEVADA  1,251,971 
New Hampshire - 0.4%   
Nat'l. Finnance Auth. Series 2020 1, 4.125% 1/20/34 231,356 268,131 
New Hampshire Health & Ed. Facilities Auth. (Dartmouth-Hitchcock Oblgtd Grp Proj.) Series 2018 A:   
5% 8/1/23 200,000 220,478 
5% 8/1/26 105,000 126,693 
5% 8/1/37 100,000 118,892 
New Hampshire Health & Ed. Facilities Auth. Rev.:   
(Covenant Health Sys., Inc. Proj.) Series 2012, 5% 7/1/42 560,000 572,306 
(Southern NH Med. Ctr. Proj.) Series 2016, 3% 10/1/21 50,000 50,669 
Series 2016, 5% 10/1/22 85,000 90,930 
TOTAL NEW HAMPSHIRE  1,448,099 
New Jersey - 4.7%   
New Jersey Econ. Dev. Auth.:   
Series A, 5% 11/1/40 360,000 433,910 
Series QQQ:   
5% 6/15/27 35,000 42,880 
5% 6/15/28 40,000 49,831 
New Jersey Econ. Dev. Auth. Rev.:   
(Black Horse EHT Urban Renewal LLC Proj.) Series 2019 A, 5% 10/1/39 (d) 100,000 98,811 
(New Jersey Gen. Oblig. Proj.) Series 2017 B, 5% 11/1/23 25,000 27,874 
(NJ Transit Corp. Projs.) Series A, 4% 11/1/27 370,000 433,629 
Series 2013 NN:   
5% 3/1/27 195,000 210,291 
5% 3/1/29 1,000,000 1,074,596 
Series 2013:   
5% 3/1/23 25,000 27,226 
5% 3/1/24 70,000 75,817 
Series 2014 PP:   
4% 6/15/30 70,000 75,323 
5% 6/15/26 280,000 316,857 
Series 2015 XX:   
4.25% 6/15/26 280,000 317,028 
5% 6/15/23 200,000 219,844 
Series 2017 DDD, 5% 6/15/30 1,000,000 1,197,400 
Series 2018 EEE, 5% 6/15/28 410,000 510,767 
Series LLL:   
4% 6/15/44 315,000 349,510 
5% 6/15/44 180,000 215,449 
Series MMM, 4% 6/15/35 90,000 102,137 
Series PP, 5% 6/15/31 260,000 291,202 
New Jersey Edl. Facility:   
Series 2016 B, 4% 9/1/26 500,000 577,415 
Series B, 5% 7/1/30 1,790,000 2,235,440 
New Jersey Gen. Oblig. Series 2020 A:   
4% 6/1/30 185,000 224,171 
4% 6/1/31 70,000 85,513 
4% 6/1/32 45,000 55,321 
5% 6/1/29 205,000 262,058 
New Jersey Health Care Facilities Fing. Auth. Rev.:   
Series 2016 A:   
5% 7/1/21 10,000 10,107 
5% 7/1/22 25,000 26,371 
Series 2016:   
4% 7/1/48 100,000 109,371 
5% 7/1/41 65,000 75,335 
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev.:   
Series 2011-1, 5.5% 12/1/21 (c) 80,000 82,713 
Series 2017 1A, 5% 12/1/26 (c) 530,000 639,656 
Series 2018 B:   
5% 12/1/25 (c) 500,000 590,984 
5% 12/1/26 (c) 485,000 585,346 
5% 12/1/27 (c) 850,000 1,039,974 
Series 2020:   
5% 12/1/24 (c) 100,000 115,187 
5% 12/1/25 (c) 235,000 277,762 
5% 12/1/25 (c) 60,000 70,918 
5% 12/1/26 (c) 205,000 247,414 
5% 12/1/27 (c) 145,000 177,407 
5% 12/1/27 (c) 40,000 48,940 
New Jersey Tpk. Auth. Tpk. Rev.:   
Series 2021 A, 4% 1/1/42 1,000,000 1,166,995 
Series D, 5% 1/1/28 170,000 206,488 
New Jersey Trans. Trust Fund Auth.:   
(Trans. Prog.) Series 2019 AA, 5.25% 6/15/43 505,000 610,770 
Series 2010 A, 0% 12/15/27 250,000 222,793 
Series 2014 AA, 5% 6/15/25 100,000 113,329 
Series 2016 A, 5% 6/15/27 160,000 191,215 
Series 2018 A, 5% 12/15/32 100,000 122,736 
Series AA:   
4% 6/15/38 185,000 210,156 
4% 6/15/50 400,000 444,294 
5% 6/15/29 55,000 57,573 
5% 6/15/40 210,000 258,328 
5% 6/15/45 95,000 115,324 
Series BB, 5% 6/15/33 1,000,000 1,225,101 
Rutgers State Univ. Rev. Series Q:   
5% 5/1/21 55,000 55,190 
5% 5/1/22 40,000 42,042 
5% 5/1/23 30,000 32,790 
TOTAL NEW JERSEY  18,682,909 
New Mexico - 0.1%   
New Mexico Mtg. Fin. Auth.:   
Series 2019 C, 4% 1/1/50 200,000 222,405 
Series 2019 D, 3.75% 1/1/50 60,000 66,376 
Santa Fe Retirement Fac.:   
Series 2019 A:   
2.25% 5/15/24 5,000 5,008 
5% 5/15/34 10,000 11,239 
5% 5/15/39 5,000 5,569 
5% 5/15/44 5,000 5,521 
5% 5/15/49 15,000 16,458 
Series 2019 B1, 2.625% 5/15/25 10,000 10,032 
TOTAL NEW MEXICO  342,608 
New York - 4.4%   
Buffalo and Erie County Indl. Land Rev. (Catholic Health Sys., Inc. Proj.) Series 2015, 5% 7/1/25 400,000 464,420 
Monroe County Indl. Dev. Corp. (Univ. of Rochester Proj.) Series 2015 B, 4% 7/1/35 5,000 5,497 
MTA Hudson Rail Yards Trust Oblig. Series 2016 A, 5% 11/15/56 100,000 108,491 
New York City Gen. Oblig.:   
Series 2018 A, 5% 8/1/24 100,000 114,918 
Series 2021 A1, 5% 8/1/29 1,000,000 1,296,404 
Series E, 5% 8/1/30 1,025,000 1,244,473 
New York City Hsg. Dev. Corp. Multifamily Hsg. Series A 1 B, 5% 5/1/30 490,000 626,431 
New York City Trust Cultural Resources Rev. Series 2021, 5% 7/1/31 660,000 888,239 
New York Dorm. Auth. Personal Income Tax Rev. (New York State Pit Proj.) Series 2012 D, 5% 2/15/22 (Escrowed to Maturity) 10,000 10,415 
New York Dorm. Auth. Rev.:   
Bonds:   
Series 2019 B1, 5%, tender 5/1/22 (a) 95,000 97,545 
Series 2019 B2, 5%, tender 5/1/24 (a) 100,000 111,657 
Series 2020 A:   
4% 9/1/37 350,000 400,256 
4% 9/1/39 700,000 796,009 
New York Metropolitan Trans. Auth. Rev.:   
Series 2016 A, 5% 11/15/31 100,000 116,564 
Series 2017 B, 5% 11/15/24 565,000 650,353 
Series 2020 D:   
4% 11/15/46 2,050,000 2,277,481 
4% 11/15/47 150,000 166,219 
Series 2021 A1, 4% 11/15/45 1,750,000 1,960,478 
New York State Hsg. Fin. Agcy. Rev. Series J, 0.75% 5/1/25 250,000 250,202 
New York State Mtg. Agcy. Homeowner Mtg.:   
Series 2021 232, 5% 10/1/25 (c) 765,000 905,850 
Series 221, 3.5% 10/1/32 (c) 30,000 32,677 
New York State Urban Dev. Corp. Series 2020 E:   
4% 3/15/44 1,675,000 1,902,786 
4% 3/15/45 1,350,000 1,529,496 
New York Thruway Auth. Gen. Rev. Series 2016 A, 5% 1/1/46 175,000 203,547 
Oneida County Local Dev. Corp. Rev. (Mohawk Valley Health Sys. Proj.) Series 2019 A, 5% 12/1/29 (FSA Insured) 600,000 659,882 
Onondaga Civic Dev. Corp. (Le Moyne College Proj.) Series 2015, 5% 7/1/27 295,000 337,137 
Onondaga County Ind. Dev. Agcy. Swr. Facilities Rev. (Bristol-Meyers Squibb Co. Proj.) Series 1994, 5.75% 3/1/24 (c) 220,000 251,899 
Suffolk County Econ. Dev. Corp. Rev. Series 2021:   
5.125% 11/1/41 (d) 100,000 100,938 
5.375% 11/1/54 (d) 100,000 100,927 
TOTAL NEW YORK  17,611,191 
New York And New Jersey - 0.1%   
Port Auth. of New York & New Jersey Series 194, 5.25% 10/15/55 210,000 243,963 
North Carolina - 0.1%   
New Hanover County Hosp. Rev. Series 2017:   
5% 10/1/27 (Escrowed to Maturity) 10,000 12,579 
5% 10/1/47 (Pre-Refunded to 10/1/27 @ 100) 70,000 88,050 
North Carolina Med. Care Commission Health Care Facilities Rev. Bonds:   
Series 2019 B, 2.2%, tender 12/1/22 (a) 175,000 178,750 
Series 2019 C, 2.55%, tender 6/1/26 (a) 300,000 320,948 
TOTAL NORTH CAROLINA  600,327 
Ohio - 4.2%   
Akron Bath Copley Hosp. District Rev.:   
Series 2016, 5.25% 11/15/46 495,000 572,552 
Series 2020, 4% 11/15/38 1,500,000 1,701,908 
Allen County Hosp. Facilities Rev.:   
(Mercy Health) Series 2017 A:   
5% 8/1/25 10,000 11,866 
5% 8/1/26 390,000 476,462 
5% 8/1/27 10,000 12,522 
5% 8/1/28 10,000 12,593 
5% 8/1/29 10,000 12,459 
5% 8/1/30 10,000 12,381 
Bonds (Mercy Health) Series 2017 B, 5%, tender 5/5/22 (a) 10,000 10,499 
American Muni. Pwr., Inc. (Solar Electricity Prepayment Proj.) Series 2019 A, 5% 2/15/44 175,000 213,072 
Buckeye Tobacco Settlement Fing. Auth. Series 2020 A2, 5% 6/1/34 370,000 468,454 
Cleveland Arpt. Sys. Rev. Series 2016 A, 5% 1/1/25 (FSA Insured) 145,000 168,435 
Cleveland State Univ. Gen. Receipts Series 2012, 5% 6/1/37 510,000 524,290 
Cleveland Wtr. Rev. Series 2020:   
5% 1/1/26 1,375,000 1,660,196 
5% 1/1/28 800,000 1,017,335 
Fairfield County Hosp. Facilities Rev. (Fairfield Med. Ctr. Proj.) Series 2013, 4.25% 6/15/24 110,000 116,330 
Franklin County Convention Facilities Authorities (Greater Columbus Convention Ctr. Hotel Expansion Proj.) Series 2019:   
5% 12/1/46 200,000 240,220 
5% 12/1/51 200,000 239,109 
Hamilton County HealthCare Facilities Rev. (The Christ Hosp. Proj.) Series 2012, 5.25% 6/1/24 2,900,000 3,045,540 
Kent State Univ. Revs. Series 2016, 5% 5/1/30 1,495,000 1,755,345 
Lancaster Port Auth. Gas Rev.:   
Bonds Series 2019, 5%, tender 2/1/25 (a) 255,000 295,603 
Series 2019, 5% 2/1/25 160,000 186,082 
Lucas County Hosp. Rev. Series 2011, 5% 11/15/23 (Pre-Refunded to 11/15/21 @ 100) 20,000 20,587 
Muskingum County Hosp. Facilities (Genesis Healthcare Sys. Obligated Group Proj.) Series 2013:   
4% 2/15/23 315,000 330,242 
5% 2/15/44 100,000 103,819 
Ohio Hosp. Rev. Series 2020 A:   
4% 1/15/50 40,000 45,221 
5% 1/15/31 300,000 386,350 
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev. (Mtg. Backed Securities Prog.) Series 2019 B, 4.5% 3/1/50 15,000 16,935 
Ohio Spl. Oblig. Series 2020 A:   
5% 2/1/23 180,000 195,811 
5% 2/1/26 150,000 181,270 
Ohio Tpk. Commission Tpk. Rev. Series A, 5% 2/15/51 1,000,000 1,270,556 
Scioto County Hosp. Facilities Rev. Series 2019, 5% 2/15/29 100,000 114,338 
Univ. of Akron Gen. Receipts Series 2019 A, 4% 1/1/27 220,000 257,193 
Univ. of Toledo Gen. Receipts Series 2018 A:   
5% 6/1/21 865,000 871,163 
5% 6/1/22 330,000 347,324 
Wood County Hosp. Facilities Rev. (Wood County Hosp. Assoc. Proj.) Series 2012, 5% 12/1/32 (Pre-Refunded to 12/1/32 @ 100) 15,000 15,291 
TOTAL OHIO  16,909,353 
Oklahoma - 0.5%   
Oklahoma City Arpt. Trust Series 33, 5% 7/1/47 (c) 200,000 232,927 
Oklahoma Dev. Fin. Auth. Health Sys. Rev.:   
(OU Medicine Proj.) Series 2018 B:   
5% 8/15/23 200,000 218,615 
5% 8/15/25 700,000 810,667 
Series 2015 A, 5% 8/15/24 250,000 285,243 
Oklahoma Dev. Fin. Auth. Rev. (Oklahoma City Univ. Proj.) Series 2019:   
4% 8/1/21 50,000 50,425 
4% 8/1/22 60,000 62,052 
5% 8/1/23 45,000 48,606 
5% 8/1/44 125,000 142,284 
TOTAL OKLAHOMA  1,850,819 
Oregon - 0.7%   
Oregon Bus. Dev. Commission Recovery Zone Facility Bonds (Intel Corp. Proj.) Series 232, 2.4%, tender 8/14/23 (a) 830,000 868,112 
Oregon State Hsg. & Cmnty. Svcs. Dept. Series 2019 A, 4% 7/1/50 1,445,000 1,605,870 
Port of Portland Arpt. Rev. Series 27 A, 5% 7/1/36 (c) 240,000 299,490 
TOTAL OREGON  2,773,472 
Pennsylvania - 5.7%   
Allegheny County Hosp. Dev. Auth. Rev. Series 2019 A, 5% 7/15/22 185,000 196,425 
Bucks County Indl. Dev. Auth. Hosp. Rev. Series 2021:   
5% 7/1/26 475,000 547,997 
5% 7/1/27 475,000 555,801 
5% 7/1/28 525,000 620,539 
5% 7/1/29 550,000 655,401 
5% 7/1/36 120,000 143,214 
5% 7/1/38 240,000 284,438 
Centre County Pennsylvania Hosp. Auth. Rev. (Mount Nittany Med. Ctr. Proj.):   
Series 2016 A, 5% 11/15/46 2,250,000 2,594,492 
Series 2018 A:   
5% 11/15/22 100,000 107,464 
5% 11/15/25 100,000 118,743 
Commonwealth Fing. Auth. Rev. Series 2020 A, 5% 6/1/28 305,000 383,070 
Doylestown Hosp. Auth. Hosp. Rev. Series 2016 A, 5% 7/1/46 20,000 21,748 
Dubois Hosp. Auth. Hosp. Rev.:   
(Penn Highlands Healthcare Proj.) Series 2018:   
4% 7/15/37 40,000 43,408 
5% 7/15/36 500,000 584,467 
Series 2020, 4% 7/15/45 500,000 535,844 
Lehigh County Gen. Purp. Auth. Rev. (Muhlenberg College Proj.) Series 2017, 5% 2/1/39 60,000 71,592 
Lehigh County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (PPL Elec. Utils. Corp. Proj.) Series 2016 A, 1.8%, tender 9/1/22 (a) 95,000 96,903 
Monroeville Fin. Auth. UPMC Rev. Series 2012, 5% 2/15/26 95,000 114,535 
Montgomery County Higher Ed. & Health Auth. Rev.:   
Series 2016 A, 5% 10/1/40 330,000 359,588 
Series 2019, 4% 9/1/44 185,000 207,191 
Series 2020, 5% 4/1/27 300,000 354,832 
Montgomery County Indl. Dev. Auth. Series 2015 A, 5.25% 1/15/36 140,000 156,634 
Northampton County Gen. Purp. Auth. Hosp. Rev.:   
(St. Luke's Univ. Health Network Proj.) Series 2018 A, 4% 8/15/48 195,000 215,471 
Series 2016 A, 5% 8/15/46 50,000 56,887 
Pennsylvania Ctfs. Prtn. Series 2018 A:   
5% 7/1/23 250,000 275,930 
5% 7/1/24 300,000 341,269 
5% 7/1/26 455,000 548,348 
5% 7/1/27 500,000 615,624 
5% 7/1/34 450,000 550,130 
Pennsylvania Higher Edl. Facilities Auth. Rev.:   
(Drexel Univ. Proj.):   
Series 2016, 5% 5/1/35 500,000 573,126 
Series 2017, 5% 5/1/35 10,000 11,834 
Series 2018 A, 5% 2/15/48 100,000 121,099 
Pennsylvania Hsg. Fin. Agcy. Series 2021 134B, 5% 10/1/27 (c) 1,160,000 1,441,656 
Pennsylvania Tpk. Commission Tpk. Rev.:   
Series 2015 B, 5% 12/1/45 265,000 309,595 
Series 2021 A, 4% 12/1/50 1,000,000 1,144,968 
Philadelphia Arpt. Rev.:   
Series 2017 B:   
5% 7/1/25 (c) 290,000 340,655 
5% 7/1/35 (c) 50,000 59,256 
5% 7/1/47 (c) 800,000 927,412 
Series 2020 C, 5% 7/1/29 (c) 595,000 751,087 
Philadelphia Auth. For Indl. Dev. Series 2015 1, 5% 4/1/33 70,000 80,250 
Philadelphia Auth. for Indl. Dev. Series 2017 A, 5% 9/1/42 760,000 895,743 
Philadelphia Gas Works Rev.:   
Series 14, 5% 10/1/22 375,000 401,163 
Series 2015 13, 5% 8/1/21 200,000 203,064 
Philadelphia Gen. Oblig.:   
Series 2014 A, 5.25% 7/15/27 275,000 310,630 
Series 2019 A, 5% 8/1/26 220,000 268,003 
Philadelphia School District:   
Series 2018 A, 5% 9/1/25 50,000 58,442 
Series 2018 B, 5% 9/1/43 50,000 60,236 
Series 2019 A:   
4% 9/1/35 170,000 195,156 
5% 9/1/23 90,000 99,314 
5% 9/1/34 80,000 101,498 
Series 2019 B:   
5% 9/1/25 140,000 163,637 
5% 9/1/26 415,000 497,446 
Series 2019 C, 5% 9/1/33 315,000 401,483 
Pittsburgh Wtr. & Swr. Auth. Wtr. & Swr. Sys. Rev. Series 2019 A, 5% 9/1/44 (FSA Insured) 70,000 86,084 
Southcentral Pennsylvania Gen. Auth. Rev.:   
(Hanover Hosp., Inc. PA Proj.) Series 2015, 5% 12/1/28 45,000 52,099 
Series 2019 A:   
4% 6/1/44 50,000 56,582 
4% 6/1/49 115,000 129,310 
5% 6/1/25 200,000 236,945 
5% 6/1/44 85,000 104,489 
5% 6/1/49 135,000 165,033 
State Pub. School Bldg. Auth. Lease Rev. (The School District of Philadelphia Proj.) Series 2016 A, 5% 6/1/32 (FSA Insured) 315,000 381,709 
Union County Hosp. Auth. Rev. Series 2018 B:   
5% 8/1/43 185,000 213,566 
5% 8/1/48 310,000 356,392 
TOTAL PENNSYLVANIA  22,556,947 
Rhode Island - 0.3%   
Rhode Island Health & Edl. Bldg. Corp. Higher Ed. Facilities Rev. Series 2016:   
5% 5/15/21 25,000 25,145 
5% 5/15/39 215,000 244,840 
Rhode Island Hsg. & Mtg. Fin. Corp. Series 2019 70, 4% 10/1/49 45,000 49,922 
Rhode Island Student Ln. Auth. Student Ln. Rev. Series A:   
4% 12/1/26 (c) 130,000 143,154 
5% 12/1/23 (c) 625,000 695,615 
TOTAL RHODE ISLAND  1,158,676 
South Carolina - 1.7%   
Charleston County Arpt. District Series 2019, 5% 7/1/48 395,000 474,248 
South Carolina Hsg. Fin. & Dev. Auth. Mtg. Rev. Series 2019 A, 4% 1/1/50 65,000 73,119 
South Carolina Jobs-Econ. Dev. Auth. Series 2019 C, 5% 7/1/33 170,000 211,026 
South Carolina Ports Auth. Ports Rev.:   
Series 2015, 5.25% 7/1/55 (Pre-Refunded to 7/1/25 @ 100) (c) 255,000 304,317 
Series 2018, 5% 7/1/43 (c) 520,000 628,725 
South Carolina Pub. Svc. Auth. Rev.:   
Series 2013 B, 5% 12/1/38 200,000 221,673 
Series 2014 A:   
5% 12/1/49 440,000 491,707 
5.5% 12/1/54 140,000 158,324 
Series 2014 C, 5% 12/1/46 20,000 22,717 
Series 2015 A, 5% 12/1/50 75,000 85,778 
Series 2015 E, 5.25% 12/1/55 225,000 263,067 
Series 2016 A:   
5% 12/1/26 140,000 169,210 
5% 12/1/29 500,000 601,047 
5% 12/1/33 15,000 17,938 
5% 12/1/38 80,000 94,743 
Series 2016 B:   
5% 12/1/31 105,000 127,765 
5% 12/1/35 120,000 145,121 
5% 12/1/41 175,000 209,435 
Series A, 5% 12/1/23 145,000 162,650 
Series B, 5% 12/1/24 500,000 580,849 
Spartanburg County Reg'l. Health Series 2017 A:   
4% 4/15/43 30,000 32,949 
4% 4/15/48 20,000 21,818 
5% 4/15/48 1,415,000 1,660,840 
TOTAL SOUTH CAROLINA  6,759,066 
Tennessee - 2.6%   
Chattanooga Health Ed. & Hsg. Facility Board Rev. Series 2019 A1, 5% 8/1/25 135,000 158,358 
Greeneville Health & Edl. Facilities Board Series 2018 A:   
5% 7/1/23 15,000 16,432 
5% 7/1/24 20,000 21,947 
5% 7/1/25 20,000 21,890 
Memphis-Shelby County Arpt. Auth. Arpt. Rev. Series 2018:   
5% 7/1/26 (c) 450,000 542,833 
5% 7/1/38 (c) 1,315,000 1,575,018 
Metropolitan Nashville Arpt. Auth. Rev.:   
Series 2015 B, 4% 7/1/25 (c) 55,000 62,369 
Series 2019 B, 5% 7/1/38 (c) 655,000 812,704 
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Series 2021 C:   
5% 1/1/27 2,210,000 2,744,381 
5% 1/1/30 2,400,000 3,179,762 
Tennessee Energy Acquisition Corp. Bonds (Gas Rev. Proj.) Series A, 4%, tender 5/1/23 (a) 460,000 491,420 
Tennessee Hsg. Dev. Agcy. Residential Series 2021 1, 3% 7/1/51 (b) 620,000 679,619 
TOTAL TENNESSEE  10,306,733 
Texas - 4.5%   
Arlington Spl. Tax Rev. Series 2018 C, 5% 2/15/45 (Build America Mutual Assurance Insured) 25,000 25,072 
Austin Cmnty. College District Rev. (Highland Campus Parking Garage Proj.) Series 2018 C:   
5% 8/1/25 200,000 237,975 
5% 8/1/26 200,000 245,277 
Austin-Bergstrom Landhost Ente Series 2017, 5% 10/1/22 115,000 121,254 
Central Reg'l. Mobility Auth.:   
Series 2020 B, 5% 1/1/45 1,000,000 1,224,479 
Series 2021 B:   
5% 1/1/33 (b) 640,000 828,814 
5% 1/1/34 (b) 650,000 838,781 
5% 1/1/35 (b) 550,000 707,054 
5% 1/1/36 (b) 600,000 767,435 
5% 1/1/37 (b) 850,000 1,083,893 
5% 1/1/38 (b) 800,000 1,016,798 
Series 2021 C, 5% 1/1/27 (b) 775,000 914,066 
Cypress-Fairbanks Independent School District Bonds Series 2017 A-2, 1.25%, tender 8/15/22 (a) 130,000 131,926 
Dallas Fort Worth Int'l. Arpt. Rev. Series 2014 B, 5% 11/1/22 (c) 115,000 123,301 
Denton Independent School District Bonds Series 2014 B, 2%, tender 8/1/24 (a) 100,000 105,108 
Houston Arpt. Sys. Rev.:   
Series 2012 A, 5% 7/1/23 (Pre-Refunded to 7/1/22 @ 100) (c) 85,000 89,925 
Series 2018 A, 5% 7/1/41 (c) 1,000,000 1,190,441 
Series 2018 C:   
5% 7/1/26 (c) 200,000 240,465 
5% 7/1/30 (c) 120,000 147,777 
Series 2018 D, 5% 7/1/39 260,000 314,582 
Houston City of Higher Ed. Fin. Corp. (Houston Baptist Univ. Proj.) Series 2021:   
3.375% 10/1/37 500,000 498,583 
4% 10/1/51 1,200,000 1,268,457 
Houston Gen. Oblig. Series 2017 A, 5% 3/1/32 25,000 30,518 
Houston Util. Sys. Rev.:   
Series 2016 B, 5% 11/15/34 5,000 6,104 
Series 2020 C, 5% 11/15/45 1,000,000 1,284,783 
Love Field Arpt. Modernization Rev. Series 2017, 5% 11/1/31 (c) 25,000 29,753 
Lower Colorado River Auth. Rev. (LCRA Transmission Svcs. Corp. Proj.) Series 2020, 5% 5/15/24 300,000 341,938 
Midlothian Independent School District Bonds Series 2013 C, 2%, tender 8/1/24 (a) 100,000 104,736 
New Hope Cultural Ed. Facilities Fin. Corp. (Childrens Med. Ctr. of Dallas) Series 2017 A:   
5% 8/15/27 10,000 12,498 
5% 8/15/47 10,000 11,869 
North Central Texas Health Facilities Dev. Corp. (Childrens Med. Ctr. of Dallas Proj.) Series 2012, 5% 8/15/32 (Pre-Refunded to 8/15/22 @ 100) 100,000 106,578 
North Texas Tollway Auth. Rev. Series 2019 B, 5% 1/1/25 85,000 98,601 
San Antonio Elec. & Gas Sys. Rev. Series 2017, 5% 2/1/33 5,000 6,097 
San Antonio Wtr. Sys. Rev. Series 2018 A, 5% 5/15/33 5,000 6,270 
Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. (Scott & White Healthcare Proj.) Series 2013 A, 5% 8/15/21 (Escrowed to Maturity) 60,000 61,052 
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev.:   
Series 2017 A, 5% 2/15/24 265,000 298,633 
Series 2018 A, 5% 7/1/29 305,000 388,082 
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev. Series 2019, 2.95% 7/1/36 127,139 133,237 
Texas Dept. of Hsg. & Cmnty. Affairs Single Family Mtg. Rev.:   
Series 2019 A, 4% 3/1/50 130,000 147,603 
Series A, 3.5% 3/1/51 170,000 191,158 
Texas Gen. Oblig. Bonds Series 2019 C2, 1.85%, tender 8/1/22 (a) 35,000 35,027 
Texas Private Activity Bond Surface Trans. Corp. (LBJ Infrastructure Group LLC I-635 Managed Lanes Proj.) Series 2020 A, 4% 6/30/37 1,000,000 1,149,622 
Texas Trans. Commission Series 2019 A, 0% 8/1/41 250,000 110,884 
Univ. of Texas Board of Regents Sys. Rev. Series 2020 C, 5% 8/15/28 1,000,000 1,290,849 
TOTAL TEXAS  17,967,355 
Utah - 0.1%   
Salt Lake City Arpt. Rev.:   
Series 2017 A, 5% 7/1/24 (c) 10,000 11,403 
Series 2018 A:   
5% 7/1/33 (c) 175,000 214,432 
5.25% 7/1/48 (c) 130,000 156,480 
TOTAL UTAH  382,315 
Vermont - 0.4%   
Vermont Student Assistant Corp. Ed. Ln. Rev.:   
Series 2019 A, 5% 6/15/25 (c) 635,000 734,355 
Series 2020 A, 5% 6/15/26 (c) 620,000 731,494 
TOTAL VERMONT  1,465,849 
Virginia - 1.9%   
Fairfax County Indl. Dev. Auth. Bonds (Inova Health Sys. Proj.) Series 2018 B, 5%, tender 5/15/23 (a) 2,000,000 2,199,040 
Roanoke Econ. Dev. Auth. Edl. Facilities Series 2018 A:   
5% 9/1/23 360,000 393,000 
5% 9/1/24 315,000 353,461 
Salem Econ. Dev. Auth. Series 2020:   
4% 4/1/40 120,000 130,024 
5% 4/1/25 165,000 188,060 
5% 4/1/36 500,000 596,969 
Virginia Pub. Bldg. Auth. Pub. Facilities Rev. Series 2021 A1:   
5% 8/1/26 1,400,000 1,722,711 
5% 8/1/27 1,500,000 1,894,044 
Winchester Econ. Dev. Auth. (Valley Health Proj.) Series 2015, 5% 1/1/22 50,000 51,725 
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) 125,000 127,188 
TOTAL VIRGINIA  7,656,222 
Washington - 0.8%   
King County Swr. Rev. Series 2017, 5% 7/1/34 10,000 12,224 
Port of Seattle Rev.:   
Series 2012 B, 5% 8/1/23 (c) 155,000 164,409 
Series 2013, 5% 7/1/24 (c) 55,000 60,431 
Series 2015 C, 5% 4/1/24 (c) 50,000 56,300 
Series 2018 A, 5% 5/1/31 (c) 350,000 416,159 
Series 2019 A, 4% 4/1/44 (c) 100,000 110,422 
Spokane Pub. Facilities District Hotel/Motel Tax & Sales/Use Tax Rev. Series 2017, 5% 12/1/41 295,000 335,530 
Washington Gen. Oblig.:   
(SR 520 Corridor Prog.) Series 2012 C, 5% 6/1/41 25,000 25,187 
Series 2013 A, 5% 7/1/23 5,000 5,301 
Washington Health Care Facilities Auth. Rev.:   
(Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B:   
5% 7/1/25 5,000 5,867 
5% 7/1/30 5,000 6,060 
5% 7/1/31 10,000 12,072 
5% 7/1/42 100,000 118,179 
Series 2020, 5% 9/1/40 735,000 936,035 
Washington Higher Ed. Facilities Auth. Rev. (Whitworth Univ. Proj.) Series 2016 A, 5% 10/1/25 550,000 634,180 
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. (Judson Park Proj.) Series 2018, 5% 7/1/38 (d) 100,000 107,418 
TOTAL WASHINGTON  3,005,774 
West Virginia - 0.0%   
West Virginia Hosp. Fin. Auth. Hosp. Rev. Series 2018 A, 5% 1/1/32 50,000 61,685 
Wisconsin - 0.8%   
Milwaukee County Arpt. Rev. Series 2019 B, 5% 12/1/23 (c) 420,000 468,161 
Pub. Fin. Auth. Series 2020 A, 5% 1/1/31 60,000 76,650 
Pub. Fin. Auth. Edl. Facilities Series 2018 A:   
5.25% 10/1/43 160,000 184,528 
5.25% 10/1/48 160,000 183,575 
Pub. Fin. Auth. Hosp. Rev. Series 2019 A, 5% 10/1/44 155,000 187,680 
Pub. Fin. Auth. Wisconsin Retirement Facility Rev. Series 2018:   
5% 10/1/43 (d) 15,000 16,155 
5% 10/1/48 (d) 15,000 16,091 
5% 10/1/53 (d) 30,000 32,116 
Roseman Univ. of Health:   
(Roseman Univ. of Health Sciences Proj.) Series 2020, 5% 4/1/40 (d) 100,000 115,485 
Series 2020, 3% 4/1/25 (d) 425,000 435,767 
Wisconsin Health & Edl. Facilities:   
Series 2016 A:   
4% 11/15/46 195,000 216,150 
4% 11/15/46 (Pre-Refunded to 5/15/26 @ 100) 80,000 93,144 
Series 2019 A:   
2.25% 11/1/26 45,000 44,836 
5% 11/1/22 230,000 237,187 
5% 12/1/28 150,000 189,379 
5% 12/1/29 150,000 192,445 
Series 2019 B1, 2.825% 11/1/28 50,000 50,074 
Series 2019 B2, 2.55% 11/1/27 30,000 30,017 
Series 2019:   
5% 10/1/24 175,000 200,868 
5% 10/1/30 195,000 248,701 
TOTAL WISCONSIN  3,219,009 
TOTAL MUNICIPAL BONDS   
(Cost $325,724,133)  334,975,352 
Municipal Notes - 8.8%   
Alaska - 0.9%   
Valdez Marine Term. Rev. (Exxon Pipeline Co. Proj.) Series 1985, 0.08% 4/1/21, VRDN (a) 3,800,000 $3,800,000 
California - 0.9%   
Los Angeles Dept. of Wtr. & Pwr. Wtrwks. Rev. Series 2019 A1, 0.06% 4/1/21 (Liquidity Facility Toronto-Dominion Bank), VRDN (a) 3,500,000 3,500,000 
Florida - 1.6%   
Martin County Poll. Cont. Rev. (Florida Pwr. & Lt. Co. Proj.) Series 2000, 0.08% 4/1/21, VRDN (a) 6,200,000 6,200,000 
New York - 5.4%   
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series 2001 F1, 0.06% 4/1/21 (Liquidity Facility Mizuho Corporate Bank Ltd.), VRDN (a) 12,900,000 12,900,000 
New York City Transitional Fin. Auth. Rev. Series 2010 G6, 0.06% 4/1/21 (Liquidity Facility Barclays Bank PLC), VRDN (a) 8,600,000 8,600,000 
TOTAL NEW YORK  21,500,000 
TOTAL MUNICIPAL NOTES   
(Cost $35,000,000)  35,000,000 
 Shares Value 
Money Market Funds - 9.3%   
Fidelity Municipal Cash Central Fund 0.09% (e)(f)   
(Cost $36,840,850) 36,837,178 36,844,526 
TOTAL INVESTMENT IN SECURITIES - 102.4%   
(Cost $397,564,983)  406,819,878 
NET OTHER ASSETS (LIABILITIES) - (2.4)%  (9,377,611) 
NET ASSETS - 100%  $397,442,267 

Security Type Abbreviations

VRDN – VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

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

 (b) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

 (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 $1,736,667 or 0.4% of net assets.

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

 (f) 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 
Fidelity Municipal Cash Central Fund $6,483 
Total $6,483 

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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