NPORT-EX 2 QTLY_3043_20240331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity Flex® Funds
Fidelity Flex® Municipal Income Fund
March 31, 2024
XLI-NPRT1-0524
1.9884854.106
Municipal Bonds - 93.4%
 
  
Principal
Amount (a)
 
Value ($)
 
Alabama - 0.6%
 
  
  
Auburn Univ. Gen. Fee Rev. Series 2018 A, 5% 6/1/43
 
100,000
105,696
Black Belt Energy Gas District Bonds:
  
  
  
 Series 2022 E, 5%, tender 6/1/28 (b)
  
1,190,000
1,240,439
 Series 2023 D1, 5.5%, tender 2/1/29 (b)
  
1,085,000
1,156,380
Homewood Edl. Bldg. Auth. Rev. Series 2019 A:
  
  
  
 4% 12/1/33
 
110,000
111,743
 4% 12/1/41
 
85,000
80,234
 4% 12/1/49
 
190,000
168,135
Jefferson County Gen. Oblig. Series 2018 A, 5% 4/1/26
 
100,000
103,289
Lower Alabama Gas District Bonds (No. 2 Proj.) Series 2020, 4%, tender 12/1/25 (b)
  
1,095,000
1,099,095
Montgomery Med. Clinic Facilities Series 2015, 5% 3/1/36
 
425,000
347,485
TOTAL ALABAMA
  
  
4,412,496
Alaska - 0.1%
 
  
  
Alaska Hsg. Fin. Corp. Series 2021 A, 4% 12/1/29
 
845,000
884,021
Alaska Hsg. Fin. Corp. Mtg. Rev. Series 2022 A, 3% 6/1/51
 
180,000
173,111
TOTAL ALASKA
  
  
1,057,132
Arizona - 2.9%
 
  
  
Arizona Health Facilities Auth. Rev. (Scottsdale Lincoln Hospitals Proj.) Series 2014 A, 5% 12/1/39
 
185,000
185,750
Arizona Indl. Dev. Auth. Hosp. Rev. Series 2021 A, 5% 2/1/28
 
1,000,000
1,070,806
Arizona Indl. Dev. Auth. Lease Rev. Series 2020 A, 4% 9/1/46
 
1,750,000
1,628,938
Arizona Indl. Dev. Auth. Rev.:
  
  
  
 (Provident Group-Eastern Michigan Univ. Parking Proj.) Series 2018:
 
  
  
5% 5/1/26
 
  
450,000
270,000
5% 5/1/29
 
  
290,000
159,500
5% 5/1/33
 
  
565,000
310,750
 Series 2019 2, 3.625% 5/20/33
 
408,317
384,971
Bullhead City Excise Taxes Series 2021 2:
  
  
  
 0.95% 7/1/26
 
250,000
232,180
 1.15% 7/1/27
 
375,000
342,777
 1.3% 7/1/28
 
485,000
437,698
 1.5% 7/1/29
 
600,000
542,744
 1.65% 7/1/30
 
825,000
725,463
 1.7% 7/1/31
 
450,000
388,878
Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.):
  
  
  
 Series 2005, 3.8%, tender 6/15/28 (b)
  
2,190,000
2,217,386
 Series 2007, 4.1%, tender 6/15/28 (b)(c)
  
925,000
929,922
 Series 2019, 5%, tender 6/3/24 (b)(c)
  
1,980,000
1,982,133
 Series 2022 2, 5%, tender 9/1/27 (b)(c)
  
3,220,000
3,318,033
Glendale Union School District 205 Series A:
  
  
  
 4% 7/1/36 (Assured Guaranty Muni. Corp. Insured)
 
545,000
567,009
 4% 7/1/37 (Assured Guaranty Muni. Corp. Insured)
 
1,000,000
1,031,549
Glendale Indl. Dev. Auth. (Terraces of Phoenix Proj.) Series 2018 A:
  
  
  
 5% 7/1/38
 
10,000
9,790
 5% 7/1/48
 
10,000
9,013
Maricopa County Indl. Dev. Auth.:
  
  
  
 (Creighton Univ. Proj.) Series 2020, 5% 7/1/47
 
100,000
104,777
 Series 2021 A, 4% 9/1/51
 
775,000
713,475
Maricopa County Indl. Dev. Auth. Sr. Living Facilities Series 2016:
  
  
  
 5.75% 1/1/36 (d)
  
300,000
247,365
 6% 1/1/48 (d)
  
300,000
218,702
Maricopa County Rev.:
  
  
  
 Series 2017 D, 3% 1/1/48
 
840,000
639,444
 Series 2019 E, 3% 1/1/49
 
500,000
375,980
Phoenix Ariz Indl. Dev. Auth. Rev.:
  
  
  
 (Guam Facilities Foundation, Inc. Projs.) Series 2014, 5.375% 2/1/41
 
615,000
571,014
 (Guam Facilities Foundation, Inc. Proj.) Series 2014, 5.125% 2/1/34
 
400,000
386,007
Phoenix Civic Impt. Board Arpt. Rev. Series 2019 B, 5% 7/1/35 (c)
  
300,000
321,907
Phoenix Civic Impt. Corp. Wtr. Sys. Rev. Series 2021 A, 5% 7/1/45
 
1,000,000
1,090,441
Western Maricopa Ed. Ctr. District Series 2019 B, 5% 7/1/24
 
190,000
190,465
TOTAL ARIZONA
  
  
21,604,867
California - 5.5%
 
  
  
Alameda Corridor Trans. Auth. Rev. Series 2024 A, 0% 10/1/52 (Assured Guaranty Muni. Corp. Insured)
 
475,000
124,260
California Edl. Facilities Auth. Rev. Series T1, 5% 3/15/39
 
65,000
79,494
California Gen. Oblig.:
  
  
  
 Series 2020, 4% 11/1/37
 
1,000,000
1,047,215
 Series 2021:
 
  
  
5% 9/1/32
 
  
2,175,000
2,521,589
5% 10/1/41
 
  
5,435,000
6,012,461
California Hsg. Fin. Agcy.:
  
  
  
 Series 2021 1, 3.5% 11/20/35
 
343,760
322,224
 Series 2023 A1, 4.375% 9/20/36
 
1,282,881
1,261,051
California Pub. Works Board Lease Rev. (Various Cap. Projs.):
  
  
  
 Series 2021 B, 4% 5/1/46
 
1,265,000
1,282,717
 Series 2022 C, 5% 8/1/32
 
285,000
330,574
California Statewide Cmntys. Dev. Auth. Rev. Series 2015, 5% (e)(f)
  
95,764
42,136
Fresno Arpt. Rev. Series 2023 A:
  
  
  
 5% 7/1/32 (Build America Mutual Assurance Insured) (c)
  
680,000
764,404
 5% 7/1/48 (Build America Mutual Assurance Insured) (c)
  
2,000,000
2,125,706
 5% 7/1/53 (Build America Mutual Assurance Insured) (c)
  
2,200,000
2,318,702
Golden State Tobacco Securitization Corp. Tobacco Settlement Rev. Series 2021 B2, 0% 6/1/66
 
10,435,000
1,178,480
Los Angeles Dept. Arpt. Rev. Series F, 5% 5/15/44 (c)
  
175,000
181,751
Los Angeles Dept. of Wtr. & Pwr. Rev.:
  
  
  
 Series 2021 B, 5% 7/1/51
 
1,550,000
1,676,188
 Series B, 5% 7/1/50
 
1,070,000
1,152,869
Los Angeles Hbr. Dept. Rev. Series 2019 A:
  
  
  
 5% 8/1/24 (c)
  
310,000
311,131
 5% 8/1/25 (c)
  
110,000
112,257
Los Angeles Unified School District Ctfs. of Prtn. Series 2023 A, 5% 10/1/35
 
1,000,000
1,192,881
Middle Fork Proj. Fin. Auth. Series 2020, 5% 4/1/26
 
1,000,000
1,019,303
Mount Diablo Unified School District Series 2022 B:
  
  
  
 4% 8/1/31
 
225,000
245,367
 4% 8/1/34
 
320,000
347,187
Poway Unified School District Series B, 0% 8/1/38
 
1,030,000
603,977
Sacramento County Arpt. Sys. Rev. Series 2018 C, 5% 7/1/39 (c)
  
105,000
109,257
San Diego County Wtr. Auth. Fing. Agcy. Wtr. Rev. Series 2022 A:
  
  
  
 5% 5/1/47
 
635,000
711,334
 5% 5/1/52
 
1,080,000
1,197,789
San Francisco City & County Arpts. Commission Int'l. Arpt. Rev.:
  
  
  
 Series 2018 G, 5% 5/1/27 (c)
  
560,000
584,199
 Series 2019 A, 5% 5/1/49 (c)
  
3,000,000
3,087,255
 Series 2019 B, 5% 5/1/49
 
45,000
47,890
 Series 2022 A:
 
  
  
5% 5/1/26 (c)
 
  
815,000
837,336
5% 5/1/27 (c)
 
  
830,000
865,867
5% 5/1/28 (c)
 
  
1,105,000
1,170,030
5% 5/1/29 (c)
 
  
740,000
796,111
 Series 2022 B, 5% 5/1/52
 
2,240,000
2,445,069
Sanger Unified School District Series 2018 C, 3% 8/1/48
 
2,265,000
1,792,238
Univ. of California Revs.:
  
  
  
 Series 2018 AZ, 5% 5/15/43
 
130,000
138,669
 Series 2023 BM, 5% 5/15/36
 
180,000
213,198
Washington Township Health Care District Rev.:
  
  
  
 Series 2017 A, 5% 7/1/35
 
190,000
194,239
 Series 2017 B:
 
  
  
5% 7/1/29
 
  
115,000
118,208
5% 7/1/30
 
  
230,000
236,771
TOTAL CALIFORNIA
  
  
40,799,384
Colorado - 2.0%
 
  
  
Arkansas River Pwr. Auth. Rev. Series 2018 A:
  
  
  
 5% 10/1/38
 
40,000
40,916
 5% 10/1/43
 
50,000
50,751
Colorado Health Facilities Auth. Rev. Bonds Series 2016 C, 5%, tender 11/15/26 (b)
  
275,000
286,581
Colorado Health Facilities Auth. Rev. Bonds:
  
  
  
 (Parkview Med. Ctr., Inc. Proj.) Series 2016, 4% 9/1/35
 
35,000
35,337
 Bonds Series 2019 B:
 
  
  
5%, tender 8/1/26 (b)
 
  
110,000
112,724
5%, tender 11/19/26 (b)
 
  
20,000
20,888
5%, tender 11/19/26 (b)
 
  
190,000
197,995
 Series 2019 A:
 
  
  
5% 11/1/25
 
  
435,000
445,059
5% 11/15/39
 
  
190,000
204,506
 Series 2019 A1, 4% 8/1/44
 
1,060,000
1,018,455
 Series 2019 A2:
 
  
  
3.25% 8/1/49
 
  
600,000
449,052
4% 8/1/49
 
  
1,715,000
1,594,760
5% 8/1/44
 
  
845,000
881,969
 Series 2020 A:
 
  
  
4% 9/1/45
 
  
775,000
748,869
4% 9/1/50
 
  
210,000
201,598
Colorado Hsg. & Fin. Auth.:
  
  
  
 Series 2019 F, 4.25% 11/1/49
 
40,000
39,871
 Series 2019 H, 4.25% 11/1/49
 
15,000
14,958
Colorado Reg'l. Trans. District Ctfs. of Prtn. Series 2020, 5% 6/1/31
 
105,000
115,470
Colorado Reg'l. Trans. District Sales Tax Rev. (Fastracks Proj.) Series 2021 B, 5% 11/1/28
 
725,000
796,981
Denver City & County Arpt. Rev.:
  
  
  
 Series 2017 A, 5% 11/15/26 (c)
  
50,000
51,940
 Series 2018 A, 5% 12/1/34 (c)
  
1,125,000
1,290,206
Denver City & County Board Wtr. Rev.:
  
  
  
 Series 2020 A:
 
  
  
5% 9/15/45
 
  
1,190,000
1,291,882
5% 9/15/46
 
  
1,820,000
1,971,555
 Series 2020 B, 5% 9/15/28
 
2,000,000
2,192,499
Univ. of Colorado Enterprise Sys. Rev. Bonds:
  
  
  
 Series 2021 C3A, 2%, tender 10/15/25 (b)
  
255,000
247,610
 Series 2021 C3B, 2%, tender 10/15/26 (b)
  
210,000
200,340
Vauxmont Metropolitan District:
  
  
  
 Series 2019, 5% 12/15/25 (Assured Guaranty Muni. Corp. Insured)
 
40,000
41,074
 Series 2020, 5% 12/1/30 (Assured Guaranty Muni. Corp. Insured)
 
220,000
242,296
TOTAL COLORADO
  
  
14,786,142
Connecticut - 5.0%
 
  
  
Bridgeport Gen. Oblig. Series 2021 A:
  
  
  
 5% 8/1/32
 
300,000
338,359
 5% 8/1/33
 
800,000
901,946
 5% 8/1/34
 
500,000
563,936
Connecticut Gen. Oblig.:
  
  
  
 Series 2016 B, 5% 5/15/26
 
125,000
129,932
 Series 2016 D, 5% 8/15/25
 
210,000
215,029
 Series 2018 F:
 
  
  
5% 9/15/24
 
  
100,000
100,653
5% 9/15/25
 
  
100,000
102,557
 Series 2019 A, 5% 4/15/26
 
115,000
119,331
 Series 2020 A, 4% 1/15/34
 
300,000
318,094
 Series 2021 A:
 
  
  
3% 1/15/35
 
  
1,150,000
1,106,728
3% 1/15/37
 
  
1,910,000
1,777,568
3% 1/15/39
 
  
215,000
191,990
 Series 2021 D, 5% 7/15/24
 
260,000
260,991
 Series 2022 B, 4% 1/15/37
 
2,480,000
2,613,507
 Series 2022 C:
 
  
  
4% 6/15/39
 
  
300,000
309,475
4% 6/15/41
 
  
250,000
254,406
5% 6/15/30
 
  
400,000
453,626
5% 6/15/31
 
  
500,000
576,828
5% 6/15/34
 
  
350,000
408,255
5% 6/15/37
 
  
250,000
285,760
5% 6/15/38
 
  
300,000
340,535
5% 6/15/40
 
  
500,000
561,187
5% 6/15/42
 
  
500,000
555,157
 Series 2022 D, 5% 9/15/30
 
650,000
740,396
 Series 2022:
 
  
  
5% 6/15/28
 
  
500,000
543,904
5% 6/15/29
 
  
410,000
455,578
Connecticut Health & Edl. Facilities Auth. Rev.:
  
  
  
 Bonds Series 2020 B:
 
  
  
5%, tender 1/1/25 (b)
 
  
200,000
201,098
5%, tender 1/1/27 (b)
 
  
330,000
341,148
 Series 2018 K1:
 
  
  
5% 7/1/26
 
  
680,000
686,887
5% 7/1/28
 
  
1,120,000
1,148,845
 Series 2019 A, 5% 7/1/49 (d)
  
130,000
110,580
 Series 2019 Q-1:
 
  
  
5% 11/1/25
 
  
90,000
92,473
5% 11/1/26
 
  
95,000
99,453
 Series 2020 K, 4% 7/1/45
 
1,000,000
980,060
 Series 2021 G:
 
  
  
4% 3/1/46
 
  
235,000
235,004
4% 3/1/51
 
  
380,000
372,246
 Series 2021 S, 4% 6/1/51
 
240,000
226,251
 Series 2022 M:
 
  
  
4% 7/1/39
 
  
415,000
402,417
4% 7/1/52
 
  
355,000
326,245
 Series 2023 E:
 
  
  
4% 7/15/42
 
  
800,000
788,160
4% 7/15/43
 
  
500,000
487,906
5% 7/15/33
 
  
225,000
252,382
5% 7/15/34
 
  
745,000
839,182
5% 7/15/36
 
  
750,000
832,617
 Series A, 5% 7/1/26
 
160,000
160,460
 Series K1:
 
  
  
5% 7/1/27
 
  
1,100,000
1,119,797
5% 7/1/30
 
  
1,000,000
1,027,949
5% 7/1/34
 
  
725,000
741,258
5% 7/1/36
 
  
450,000
457,162
5% 7/1/39
 
  
490,000
490,850
 Series K3, 5% 7/1/43
 
215,000
210,147
 Series L1:
 
  
  
4% 7/1/28
 
  
750,000
762,931
4% 7/1/29
 
  
750,000
766,643
4% 7/1/30
 
  
1,000,000
1,027,132
 Series N:
 
  
  
5% 7/1/25
 
  
390,000
390,017
5% 7/1/26
 
  
575,000
576,773
5% 7/1/27
 
  
430,000
433,168
 Series R, 5% 6/1/36
 
900,000
992,583
Connecticut Hsg. Fin. Auth.:
  
  
  
 Series 2021 B1, 3% 11/15/49
 
265,000
255,784
 Series 2022 A1:
 
  
  
5% 11/15/26
 
  
200,000
208,371
5% 5/15/27
 
  
220,000
231,112
5% 11/15/27
 
  
230,000
243,857
5% 5/15/28
 
  
225,000
240,347
5% 11/15/28
 
  
220,000
236,595
5% 5/15/29
 
  
225,000
242,977
5% 11/15/29
 
  
125,000
136,103
5% 5/15/30
 
  
375,000
409,358
5% 11/15/30
 
  
175,000
192,213
 Series 2022 A2:
 
  
  
5% 5/15/24 (c)
 
  
595,000
595,414
5% 11/15/24 (c)
 
  
965,000
970,289
5% 5/15/25 (c)
 
  
400,000
404,492
5% 11/15/25 (c)
 
  
300,000
305,443
5% 5/15/26 (c)
 
  
425,000
435,609
Univ. of Connecticut Gen. Oblig. Series 2019 A, 5% 11/1/25
 
140,000
143,868
TOTAL CONNECTICUT
  
  
37,057,384
District Of Columbia - 0.6%
 
  
  
Metropolitan Washington Arpts. Auth. Dulles Toll Road Rev.:
  
  
  
 (Dulles Metrorail and Cap. Impt. Projs.):
 
  
  
Series 2019 A:
 
  
  
  
5% 10/1/31
 
  
185,000
200,862
5% 10/1/44
 
  
1,000,000
1,045,880
Series 2019 B, 3% 10/1/50 (Assured Guaranty Muni. Corp. Insured)
 
  
890,000
678,684
 (Dulles Metrorail And Cap. Impt. Projs.) Series 2019 B, 4% 10/1/49
 
1,160,000
1,090,177
Metropolitan Washington DC Arpts. Auth. Sys. Rev.:
  
  
  
 Series 2017 A, 5% 10/1/26 (c)
  
440,000
456,072
 Series 2019 A, 5% 10/1/25 (c)
  
70,000
71,402
 Series 2020 A:
 
  
  
5% 10/1/26 (c)
 
  
320,000
331,689
5% 10/1/27 (c)
 
  
110,000
116,103
5% 10/1/28 (c)
 
  
55,000
59,097
Washington Convention & Sports Auth. Series 2018 A:
  
  
  
 5% 10/1/24
 
100,000
100,626
 5% 10/1/25
 
100,000
102,414
TOTAL DISTRICT OF COLUMBIA
  
  
4,253,006
Florida - 3.6%
 
  
  
Atlantic Beach Health Care Facilities Series A, 5% 11/15/43
 
255,000
256,238
Broward County Arpt. Sys. Rev.:
  
  
  
 Series 2015 C, 5% 10/1/24 (c)
  
45,000
45,145
 Series 2017, 5% 10/1/42 (c)
  
1,365,000
1,398,654
 Series 2019 A, 5% 10/1/49 (c)
  
1,000,000
1,027,793
Cap. Projs. Fin. Auth. Student Hsg. Rev. (Cap. Projs. Ln. Prog. - Florida Univs.) Series 2020 A, 5% 10/1/30
 
500,000
520,190
Escambia County Health Facilities Auth. Health Facilities Rev. Series 2020 A:
  
  
  
 3% 8/15/50 (Assured Guaranty Muni. Corp. Insured)
 
485,000
365,100
 4% 8/15/45
 
110,000
98,302
Florida Dev. Fin. Corp. Healthcare Facility Rev. Series 2021, 4% 11/15/38
 
725,000
735,661
Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. Bonds Series 2023 C, 5%, tender 12/1/25 (b)
  
300,000
304,765
Florida Hsg. Fin. Corp. Rev. Series 2019 1, 4% 7/1/50
 
95,000
94,123
Florida Mid-Bay Bridge Auth. Rev. Series 2015 A:
  
  
  
 5% 10/1/27
 
105,000
106,333
 5% 10/1/29
 
80,000
81,215
 5% 10/1/30
 
70,000
71,098
Fort Pierce Utils. Auth. Series 2022 A:
  
  
  
 5% 10/1/30 (Assured Guaranty Muni. Corp. Insured)
 
175,000
196,541
 5% 10/1/34 (Assured Guaranty Muni. Corp. Insured)
 
300,000
344,013
 5% 10/1/36 (Assured Guaranty Muni. Corp. Insured)
 
475,000
538,499
 5% 10/1/37 (Assured Guaranty Muni. Corp. Insured)
 
425,000
474,998
 5% 10/1/39 (Assured Guaranty Muni. Corp. Insured)
 
475,000
523,512
 5% 10/1/40 (Assured Guaranty Muni. Corp. Insured)
 
450,000
493,301
 5% 10/1/41 (Assured Guaranty Muni. Corp. Insured)
 
400,000
438,204
 5% 10/1/42 (Assured Guaranty Muni. Corp. Insured)
 
400,000
438,228
Greater Orlando Aviation Auth. Arpt. Facilities Rev.:
  
  
  
 Series 2017 A, 5% 10/1/31 (c)
  
125,000
131,227
 Series 2019 A:
 
  
  
5% 10/1/24 (c)
 
  
300,000
301,172
5% 10/1/25 (c)
 
  
300,000
305,133
5% 10/1/32 (c)
 
  
300,000
324,022
5% 10/1/38 (c)
 
  
430,000
455,099
5% 10/1/54 (c)
 
  
1,620,000
1,660,069
Hillsborough County Aviation Auth. Rev. Series 2022 A, 5% 10/1/26 (c)
  
2,750,000
2,850,448
Lee Memorial Health Sys. Hosp. Rev. Series 2019 A1, 5% 4/1/44
 
665,000
689,507
Miami-Dade County Aviation Rev.:
  
  
  
 Series 2015 A:
 
  
  
5% 10/1/27 (c)
 
  
620,000
628,770
5% 10/1/38 (c)
 
  
80,000
80,789
 Series 2016 A, 5% 10/1/29
 
145,000
150,280
 Series 2017 B, 5% 10/1/40 (c)
  
810,000
833,121
 Series 2020 A:
 
  
  
4% 10/1/40
 
  
300,000
300,250
5% 10/1/25
 
  
245,000
250,627
Miami-Dade County Expressway Auth. Series 2014 A, 5% 7/1/25
 
395,000
396,117
Miami-Dade County School Board Ctfs. of Prtn.:
  
  
  
 Bonds Series 2014 A, 5%, tender 5/1/24 (b)
  
100,000
100,075
 Series 2015 A, 5% 5/1/28
 
290,000
293,966
 Series 2015 D, 5% 2/1/26
 
10,000
10,273
Miami-Dade County Wtr. & Swr. Rev. Series 2021, 5% 10/1/32
 
155,000
177,465
Orange County Hsg. Fin. Auth. Multi-family Rev. Bonds Series 2021 B, 0.55%, tender 7/1/24 (b)
  
1,600,000
1,579,166
Palm Beach County Health Facilities Auth. Hosp. Rev. (Jupiter Med. Ctr. Proj.) Series 2022:
  
  
  
 5% 11/1/29
 
175,000
184,210
 5% 11/1/32
 
200,000
215,130
 5% 11/1/34
 
310,000
332,621
 5% 11/1/37
 
385,000
401,955
 5% 11/1/39
 
400,000
413,166
 5% 11/1/41
 
400,000
411,858
Palm Beach County Health Facilities Auth. Rev. Series 2015 C, 5% 5/15/30
 
495,000
495,452
Pinellas County Hsg. Fin. Auth. Bonds Series 2021 B, 0.65%, tender 7/1/24 (b)
  
365,000
360,382
South Miami Health Facilities Auth. Hosp. Rev. (Baptist Med. Ctr., FL. Proj.) Series 2017:
  
  
  
 5% 8/15/26
 
100,000
103,691
 5% 8/15/42
 
5,000
5,118
Tallahassee Health Facilities Rev.:
  
  
  
 (Tallahassee Memorial Healthcare, Inc. Proj.) Series 2016 A, 5% 12/1/26
 
100,000
101,703
 Series 2015 A, 5% 12/1/40
 
410,000
411,557
Tampa Hosp. Rev. (H. Lee Moffitt Cancer Ctr. Proj.):
  
  
  
 Series 2016 B, 5% 7/1/29
 
25,000
25,815
 Series 2020 B:
 
  
  
4% 7/1/39
 
  
1,000,000
1,004,554
4% 7/1/45
 
  
825,000
790,523
Tampa Tax Allocation (H. Lee Moffitt Cancer Ctr. Proj.) Series 2020 A:
  
  
  
 0% 9/1/34
 
700,000
465,783
 0% 9/1/35
 
750,000
476,786
 0% 9/1/36
 
800,000
482,512
Volusia County Edl. Facilities Auth. Rev. (Embry-Riddle Aeronautical Univ., Inc. Proj.) Series 2020 A:
  
  
  
 5% 10/15/44
 
30,000
31,535
 5% 10/15/49
 
60,000
62,437
TOTAL FLORIDA
  
  
26,846,277
Georgia - 5.0%
 
  
  
Atlanta Arpt. Passenger Facilities Charge Rev. Series 2023 E, 5% 7/1/39 (c)
  
520,000
571,982
Atlanta Arpt. Rev. Series 2019 B, 5% 7/1/25 (c)
  
60,000
60,955
Burke County Indl. Dev. Auth. Poll. Cont. Rev.:
  
  
  
 (Georgia Transmission Corp. Proj.) Series 2012, 2.75% 1/1/52 (b)
  
610,000
417,222
 Bonds (Georgia Pwr. Co. Plant Vogtle Proj.):
 
  
  
Series 1994, 2.15%, tender 6/13/24 (b)
 
  
1,140,000
1,133,876
Series 2013 1, 3.375%, tender 3/12/27 (b)
 
  
360,000
357,790
DeKalb Private Hosp. Auth. Rev. Series 2019 B, 5% 7/1/27
 
210,000
223,450
Fulton County Dev. Auth. Rev. Series 2019, 4% 6/15/49
 
40,000
37,744
Gainesville & Hall County Hosp. Auth. Rev. Series 2020 A, 3% 2/15/47
 
1,895,000
1,493,059
Georgia Muni. Elec. Auth. Pwr. Rev.:
  
  
  
 Series 2019 A:
 
  
  
4% 1/1/49
 
  
245,000
231,542
5% 1/1/26
 
  
165,000
169,578
5% 1/1/30
 
  
55,000
59,154
5% 1/1/34
 
  
375,000
403,285
 Series 2021 A:
 
  
  
4% 1/1/35 (Assured Guaranty Muni. Corp. Insured)
 
  
400,000
414,028
4% 1/1/36 (Assured Guaranty Muni. Corp. Insured)
 
  
410,000
422,816
4% 1/1/37 (Assured Guaranty Muni. Corp. Insured)
 
  
470,000
481,604
4% 1/1/40 (Assured Guaranty Muni. Corp. Insured)
 
  
385,000
386,843
4% 1/1/41
 
  
480,000
470,335
5% 1/1/25 (Assured Guaranty Muni. Corp. Insured)
 
  
200,000
201,848
5% 1/1/26 (Assured Guaranty Muni. Corp. Insured)
 
  
425,000
436,427
5% 1/1/28 (Assured Guaranty Muni. Corp. Insured)
 
  
400,000
426,277
5% 1/1/31 (Assured Guaranty Muni. Corp. Insured)
 
  
360,000
396,113
5% 1/1/32 (Assured Guaranty Muni. Corp. Insured)
 
  
330,000
362,998
5% 1/1/32 (Assured Guaranty Muni. Corp. Insured)
 
  
280,000
307,998
Georgia Road & Thruway Auth. Rev. Series 2020, 5% 6/1/31
 
1,000,000
1,133,873
Glynn-Brunswick Memorial Hosp. Auth. Rev. (Southeast Georgia Health Sys. Proj.) Series 2017:
  
  
  
 4% 8/1/43
 
5,000
4,555
 5% 8/1/39
 
5,000
5,024
 5% 8/1/43
 
5,000
5,031
Hosp. Auth. of Savannah Auth. Rev. Series 2019 A:
  
  
  
 4% 7/1/36
 
195,000
196,768
 4% 7/1/43
 
205,000
201,580
Main Street Natural Gas, Inc.:
  
  
  
 Bonds:
 
  
  
Series 2021 A, 4%, tender 9/1/27 (b)
 
  
12,000,000
12,095,160
Series 2022 E, 4%, tender 12/1/29 (b)
 
  
3,595,000
3,573,327
Series 2023 C, 5%, tender 9/1/30 (b)
 
  
1,000,000
1,062,254
Series 2023 D, 5%, tender 12/1/30 (b)
 
  
3,940,000
4,140,643
 Series 2024 B:
 
  
  
5% 9/1/27
 
  
425,000
439,806
5% 9/1/28
 
  
550,000
575,970
Monroe County Dev. Auth. Poll. Cont. Rev. (Georgia Pwr. Co. Plant Scherer Proj.) Series 1995, 2.25% 7/1/25
 
200,000
193,497
Private Colleges & Univs. Auth. Rev.:
  
  
  
 (The Savannah College of Art & Design Projs.) Series 2021:
 
  
  
4% 4/1/39
 
  
1,365,000
1,387,250
5% 4/1/24
 
  
675,000
675,000
5% 4/1/29
 
  
500,000
542,488
5% 4/1/36
 
  
135,000
150,332
 Series 2020 B:
 
  
  
5% 9/1/25
 
  
180,000
184,553
5% 9/1/34
 
  
1,000,000
1,132,430
 Series A, 5% 6/1/24
 
130,000
130,163
TOTAL GEORGIA
  
  
37,296,628
Hawaii - 1.2%
 
  
  
Hawaii Arpts. Sys. Rev.:
  
  
  
 Series 2018 A:
 
  
  
5% 7/1/33 (c)
 
  
350,000
371,305
5% 7/1/48 (c)
 
  
2,800,000
2,867,201
 Series 2022 A, 5% 7/1/42 (c)
  
1,245,000
1,333,997
 Series 2022 B, 5% 7/1/24 (c)
  
3,350,000
3,354,792
Hawaii Gen. Oblig. Series 2020 A, 4% 7/1/36 (c)
  
40,000
40,536
Honolulu City & County Gen. Oblig.:
  
  
  
 (Honolulu Rail Transit Proj.) Series 2020 B, 5% 3/1/29
 
1,000,000
1,104,896
 Series 2017 A, 5% 9/1/33
 
5,000
5,298
TOTAL HAWAII
  
  
9,078,025
Idaho - 0.1%
 
  
  
Idaho Hsg. & Fin. Assoc. Single Family Mtg.:
  
  
  
 Series 2019 A, 4% 1/1/50
 
15,000
14,860
 Series 2021 A, 5% 7/15/31
 
610,000
692,138
TOTAL IDAHO
  
  
706,998
Illinois - 10.6%
 
  
  
Champaign County Cmnty. Unit Series 2019, 4% 6/1/26
 
15,000
15,217
Chicago Board of Ed.:
  
  
  
 Series 2012 A, 5% 12/1/42
 
830,000
829,942
 Series 2018 A:
 
  
  
5% 12/1/29
 
  
350,000
362,894
5% 12/1/30
 
  
160,000
166,020
5% 12/1/31
 
  
150,000
155,637
 Series 2018 C, 5% 12/1/46
 
3,250,000
3,257,816
 Series 2019 A:
 
  
  
5% 12/1/29
 
  
125,000
132,497
5% 12/1/30
 
  
405,000
425,448
5% 12/1/30
 
  
100,000
105,049
 Series 2022 B:
 
  
  
4% 12/1/35
 
  
600,000
600,757
4% 12/1/36
 
  
1,005,000
997,045
Chicago Gen. Oblig.:
  
  
  
 Series 2015 C, 5% 1/1/27
 
215,000
219,346
 Series 2020 A:
 
  
  
5% 1/1/27
 
  
400,000
416,624
5% 1/1/30
 
  
615,000
668,184
 Series 2021 A, 5% 1/1/32
 
7,725,000
8,431,216
 Series 2021 B, 4% 1/1/32
 
375,000
385,603
 Series 2023 A:
 
  
  
5% 1/1/29
 
  
1,000,000
1,073,175
5% 1/1/33
 
  
895,000
988,811
Chicago Midway Arpt. Rev.:
  
  
  
 Series 2016 A, 4% 1/1/33 (c)
  
305,000
306,048
 Series 2016 B, 4% 1/1/35
 
200,000
201,490
Chicago O'Hare Int'l. Arpt. Rev.:
  
  
  
 Series 2012 B, 4% 1/1/29 (c)
  
400,000
399,987
 Series 2017 B, 5% 1/1/37
 
50,000
51,984
 Series 2018 A, 5% 1/1/48 (c)
  
90,000
92,196
 Series 2022 C, 5% 1/1/40 (c)
  
1,850,000
1,990,563
 Series 2023, 5% 1/1/38 (Build America Mutual Assurance Insured)
 
1,000,000
1,098,981
Chicago O'Hare Int'l. Arpt. Spl. Facilities Rev. Series 2018:
  
  
  
 5% 7/1/38 (c)
  
50,000
51,161
 5% 7/1/48 (c)
  
600,000
601,708
Cook County Gen. Oblig.:
  
  
  
 Series 2016 A, 5% 11/15/31
 
500,000
519,895
 Series 2021 A:
 
  
  
5% 11/15/24
 
  
50,000
50,350
5% 11/15/33
 
  
425,000
474,499
 Series 2021 B:
 
  
  
4% 11/15/25
 
  
180,000
181,453
4% 11/15/26
 
  
90,000
91,924
4% 11/15/27
 
  
90,000
93,071
4% 11/15/28
 
  
45,000
46,822
DuPage & Cook Counties Cmnty. Unit School District #205 Series 2022, 4% 9/15/42
 
2,100,000
2,102,239
Illinois Fin. Auth.:
  
  
  
 Bonds Series 2020 B, 5%, tender 11/15/24 (b)
  
400,000
400,220
 Series 2020 A:
 
  
  
3% 5/15/50
 
  
1,570,000
1,133,708
3% 5/15/50 (Build America Mutual Assurance Insured)
 
  
710,000
539,502
3.25% 8/15/49
 
  
285,000
218,419
4% 5/15/50
 
  
1,000,000
906,935
 Series 2021 A, 4% 8/15/37
 
2,155,000
2,197,558
 Series 2022 A:
 
  
  
5% 10/1/29
 
  
350,000
365,097
5% 10/1/30
 
  
230,000
241,549
5% 10/1/31
 
  
215,000
226,885
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
203,773
 (Provident Group UIUC Properties LLC Univ. of Illinois at Urbana-Champaign Proj.) Series 2019 A:
 
  
  
5% 10/1/26
 
  
200,000
207,063
5% 10/1/31
 
  
200,000
217,331
5% 10/1/38
 
  
200,000
209,250
Illinois Fin. Auth. Health Svcs. Facility Lease Rev. (Provident Group - UIC Surgery Ctr. LLC - Univ. of Illinois Health Svcs. Facility Proj.) Series 2020, 4% 10/1/55
 
400,000
342,679
Illinois Fin. Auth. Rev.:
  
  
  
 (Bradley Univ. Proj.) Series 2017 C:
 
  
  
5% 8/1/24
 
  
45,000
45,013
5% 8/1/30
 
  
615,000
640,361
 (Depaul Univ., IL Proj.):
 
  
  
Series 2016 A, 5% 10/1/28
 
  
10,000
10,428
Series 2016, 5% 10/1/29
 
  
30,000
31,231
 (OSF Healthcare Sys.) Series 2018 A:
 
  
  
4.125% 5/15/47
 
  
750,000
719,765
5% 5/15/43
 
  
790,000
807,466
 (Presence Health Proj.) Series 2016 C, 5% 2/15/36
 
15,000
15,491
 Series 2015 A, 5% 11/15/25
 
150,000
152,438
 Series 2015 C:
 
  
  
4.125% 8/15/37
 
  
60,000
57,970
5% 8/15/26
 
  
35,000
35,551
 Series 2016 A:
 
  
  
5% 8/15/24 (Escrowed to Maturity)
 
  
65,000
65,231
5% 7/1/33 (Pre-Refunded to 7/1/26 @ 100)
 
  
10,000
10,412
5% 7/1/36 (Pre-Refunded to 7/1/26 @ 100)
 
  
45,000
46,852
 Series 2016 B, 5% 8/15/35
 
250,000
259,917
 Series 2016 C:
 
  
  
4% 2/15/41
 
  
35,000
34,078
5% 2/15/34
 
  
50,000
51,863
 Series 2016:
 
  
  
5% 5/15/29
 
  
10,000
10,305
5% 12/1/29
 
  
620,000
639,092
5% 12/1/33
 
  
485,000
500,252
 Series 2017 A, 5% 7/15/42
 
1,000,000
1,038,828
 Series 2019:
 
  
  
4% 9/1/35
 
  
60,000
53,098
5% 9/1/36
 
  
295,000
284,412
5% 9/1/38
 
  
100,000
94,114
Illinois Gen. Oblig.:
  
  
  
 Series 2014:
 
  
  
5% 2/1/25
 
  
520,000
520,515
5% 5/1/28
 
  
50,000
50,060
 Series 2016:
 
  
  
5% 1/1/26
 
  
5,000
5,134
5% 2/1/26
 
  
400,000
411,401
5% 2/1/27
 
  
585,000
612,489
5% 11/1/29
 
  
1,400,000
1,461,623
 Series 2017 C, 5% 11/1/29
 
345,000
365,747
 Series 2017 D, 5% 11/1/27
 
850,000
903,407
 Series 2018 A:
 
  
  
5% 10/1/24
 
  
25,000
25,176
5% 10/1/28
 
  
1,500,000
1,619,125
 Series 2018 B:
 
  
  
5% 5/1/24
 
  
1,500,000
1,501,510
5% 10/1/24
 
  
1,050,000
1,057,387
 Series 2019 B:
 
  
  
5% 9/1/24
 
  
105,000
105,606
5% 9/1/25
 
  
20,000
20,416
 Series 2020 C, 4% 10/1/37
 
1,815,000
1,826,900
 Series 2021 A, 5% 3/1/32
 
450,000
501,925
 Series 2022 A, 5% 3/1/32
 
650,000
736,529
 Series 2022 B:
 
  
  
5% 3/1/29
 
  
650,000
706,729
5% 3/1/33
 
  
1,700,000
1,920,466
 Series 2023 B:
 
  
  
5% 5/1/35
 
  
1,915,000
2,146,569
5.25% 5/1/41
 
  
670,000
736,858
 Series 2023 D, 5% 7/1/29
 
1,615,000
1,767,277
 Series May 2014, 5% 5/1/39
 
1,700,000
1,700,617
Illinois Hsg. Dev. Auth. Series 2021, 3% 4/1/51
 
640,000
617,451
Illinois Hsg. Dev. Auth. Rev. Series 2019 D, 2.7% 10/1/34
 
115,000
102,555
Illinois Sales Tax Rev. Series 2013, 5% 6/15/24
 
285,000
285,549
Illinois Toll Hwy. Auth. Toll Hwy. Rev.:
  
  
  
 Series 2019 A, 5% 1/1/44
 
105,000
111,688
 Series A, 5% 1/1/40
 
220,000
244,046
Kendall, Kane & Will Counties Cmnty. Unit School District #308:
  
  
  
 Series 2008, 0% 2/1/25 (Assured Guaranty Muni. Corp. Insured)
 
315,000
304,933
 Series 2015, 4% 2/1/30
 
800,000
803,370
Metropolitan Pier & Exposition:
  
  
  
 (McCormick Place Expansion Proj.):
 
  
  
Series 2002 A, 0% 6/15/36 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
  
2,280,000
1,454,860
Series 2010 B1:
 
  
  
  
0% 6/15/43 (Assured Guaranty Muni. Corp. Insured)
 
  
610,000
267,657
0% 6/15/44 (Assured Guaranty Muni. Corp. Insured)
 
  
1,680,000
692,567
0% 6/15/47 (Assured Guaranty Muni. Corp. Insured)
 
  
155,000
53,468
 Series 1994 A, 0% 6/15/25
 
25,000
23,897
 Series 1994, 0% 6/15/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
1,200,000
1,036,692
 Series 2002 A:
 
  
  
0% 6/15/32 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
  
30,000
22,533
0% 6/15/35 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
  
240,000
160,015
 Series 2017 A, 5% 6/15/57
 
875,000
887,409
 Series 2020 A:
 
  
  
4% 6/15/50
 
  
1,170,000
1,073,118
5% 6/15/50
 
  
1,730,000
1,777,046
 Series 2022 A:
 
  
  
0% 12/15/35
 
  
420,000
264,447
0% 6/15/40
 
  
1,725,000
834,098
4% 12/15/47
 
  
5,000,000
4,650,572
Northern Illinois Univ. Revs. Series 2020 B, 4% 4/1/40 (Build America Mutual Assurance Insured)
 
455,000
443,133
Sales Tax Securitization Corp. Series 2023 C, 5% 1/1/31
 
1,000,000
1,119,622
Schaumburg Village Gen. Oblig. Series 2023, 4% 12/1/30
 
680,000
725,180
Univ. of Illinois Board of Trustees Ctfs. of Prtn. (Univ. of Illinois Rev. Proj.) Series 2014 A, 5% 10/1/26
 
15,000
15,087
Univ. of Illinois Rev. Series 2018 A, 5% 4/1/30
 
100,000
107,395
TOTAL ILLINOIS
  
  
79,381,643
Indiana - 0.8%
 
  
  
Indiana Fin. Auth. Envir. Facilities Rev. Bonds (Indianapolis Pwr. & Lt. Co. Proj.):
  
  
  
 Series 2020 A, 0.75%, tender 4/1/26 (b)
  
50,000
46,083
 Series 2020 B, 0.95%, tender 4/1/26 (b)(c)
  
100,000
92,734
Indiana Fin. Auth. Health Sys. Rev. Series 2016 A, 4% 11/1/51
 
1,885,000
1,720,010
Indiana Fin. Auth. Rev. Series 2016, 5% 9/1/30
 
50,000
52,156
Indiana Fin. Auth. Wastewtr. Util. Rev. Series 2021 2, 5% 10/1/41
 
1,000,000
1,101,172
Indiana Hsg. & Cmnty. Dev. Auth.:
  
  
  
 Series 2021 B:
 
  
  
3% 7/1/50
 
  
95,000
91,801
5% 7/1/25
 
  
690,000
701,913
 Series 2021 C1, 3% 1/1/52
 
1,065,000
1,023,472
 Series A, 3.75% 1/1/49
 
255,000
251,233
Saint Joseph County Econ. Dev. Auth. Rev. (St. Mary's College Proj.):
  
  
  
 Series 2019, 4% 4/1/46
 
215,000
198,104
 Series 2020, 5% 4/1/30
 
105,000
113,456
Whiting Envir. Facilities Rev. Bonds (BP Products North America, Inc. Proj.) Series 2019 A, 5%, tender 6/5/26 (b)(c)
  
695,000
709,592
TOTAL INDIANA
  
  
6,101,726
Iowa - 0.5%
 
  
  
Iowa Fin. Auth. Rev.:
  
  
  
 Series 2019 A1, 4% 5/15/55
 
545,000
386,850
 Series A:
 
  
  
5% 5/15/43
 
  
35,000
32,669
5% 5/15/48
 
  
420,000
377,132
Iowa Student Ln. Liquidity Corp. Student Ln. Rev. Series 2019 B, 5% 12/1/27 (c)
  
155,000
160,401
Tobacco Settlement Auth. Tobacco Settlement Rev.:
  
  
  
 Series 2021 A2:
 
  
  
4% 6/1/40
 
  
425,000
427,616
5% 6/1/27
 
  
250,000
263,181
5% 6/1/28
 
  
500,000
534,969
5% 6/1/29
 
  
600,000
651,245
5% 6/1/30
 
  
700,000
769,314
 Series 2021 B1, 4% 6/1/49
 
260,000
262,366
TOTAL IOWA
  
  
3,865,743
Kentucky - 1.3%
 
  
  
Ashland Med. Ctr. Rev.:
  
  
  
 (Ashland Hosp. Corp. D/B/A Kings Daughters Med. Ctr. Proj.) Series 2016 A, 4% 2/1/36
 
300,000
297,530
 Series 2019:
 
  
  
3% 2/1/40 (Assured Guaranty Muni. Corp. Insured)
 
  
370,000
317,899
4% 2/1/37
 
  
175,000
171,676
5% 2/1/25
 
  
280,000
281,454
Carroll County Poll. Ctlr Rev. Bonds (Kentucky Utils. Co. Proj.) Series 2016 A, 1.55%, tender 9/1/26 (b)
  
1,000,000
928,260
Kentucky Econ. Dev. Fin. Auth. Series 2019 A2, 5% 8/1/30
 
345,000
378,414
Kentucky State Property & Buildings Commission Rev.:
  
  
  
 (Proj. No. 118) Series 2018, 5% 4/1/25
 
175,000
177,650
 (Proj. No. 119) Series 2018:
 
  
  
5% 5/1/26
 
  
80,000
82,892
5% 5/1/29
 
  
85,000
91,396
5% 5/1/32
 
  
20,000
21,445
5% 5/1/33
 
  
15,000
16,081
5% 5/1/34
 
  
20,000
21,416
5% 5/1/35
 
  
10,000
10,726
5% 5/1/36
 
  
10,000
10,664
5% 5/1/38
 
  
1,000,000
1,064,748
 Series A:
 
  
  
4% 11/1/35
 
  
600,000
611,158
5% 11/1/29
 
  
150,000
162,938
Kentucky, Inc. Pub. Energy:
  
  
  
 Bonds Series A, 4%, tender 6/1/26 (b)
  
1,505,000
1,502,049
 Series 2024 A1:
 
  
  
5% 2/1/30
 
  
755,000
790,109
5% 2/1/31
 
  
805,000
851,048
5% 2/1/32
 
  
600,000
641,117
Louisville & Jefferson County:
  
  
  
 Bonds:
 
  
  
Series 2020 C, 5%, tender 10/1/26 (b)
 
  
70,000
72,066
Series 2020 D, 5%, tender 10/1/29 (b)
 
  
85,000
91,877
 Series 2016 A, 5% 10/1/32
 
70,000
72,251
 Series 2020 A:
 
  
  
3% 10/1/43
 
  
1,230,000
954,189
4% 10/1/40
 
  
195,000
188,763
Louisville Reg'l. Arpt. Auth. Sys. Rev. Series 2014 A, 5% 7/1/24 (c)
  
65,000
65,098
TOTAL KENTUCKY
  
  
9,874,914
Louisiana - 0.4%
 
  
  
Louisiana Hsg. Corp. Single Fami (Home Ownership Prog.) Series 2023 C, 5.75% 12/1/53
 
235,000
255,060
Louisiana Pub. Facilities Auth. Rev.:
  
  
  
 (Ochsner Clinic Foundation Proj.):
 
  
  
Series 2015, 5% 5/15/47
 
  
195,000
196,436
Series 2017, 5% 5/15/27
 
  
115,000
120,044
 (Tulane Univ. of Louisiana Proj.):
 
  
  
Series 2016 A, 5% 12/15/28
 
  
15,000
15,716
Series 2017 A, 5% 12/15/32
 
  
165,000
176,302
 Series 2018 E, 5% 7/1/38
 
100,000
106,029
New Orleans Aviation Board Rev. (North Term. Proj.) Series 2017 B, 5% 1/1/48 (c)
  
2,000,000
2,023,222
TOTAL LOUISIANA
  
  
2,892,809
Maine - 0.4%
 
  
  
Auburn (Edward Little High School Proj.) Series 2021, 2.375% 11/1/40
 
2,300,000
1,722,024
Maine Health & Higher Edl. Facilities Auth. Rev.:
  
  
  
 Series 2014, 5% 7/1/30 (Pre-Refunded to 7/1/24 @ 100)
 
585,000
586,607
 Series 2016 A:
 
  
  
4% 7/1/41
 
  
85,000
75,352
4% 7/1/46
 
  
85,000
70,924
5% 7/1/41
 
  
25,000
24,467
5% 7/1/46
 
  
155,000
140,997
 Series 2017 B, 5% 7/1/29
 
10,000
10,504
TOTAL MAINE
  
  
2,630,875
Maryland - 1.6%
 
  
  
Hsg. Opportunities Commission of Montgomery County Series 2021 C, 0.8% 7/1/25
 
100,000
95,189
Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev.:
  
  
  
 Series 2019 B, 4% 9/1/49
 
55,000
54,544
 Series 2019 C:
 
  
  
3.5% 3/1/50
 
  
475,000
465,849
5% 9/1/28
 
  
115,000
124,119
 Series 2021 C, 0.6% 7/1/24
 
230,000
227,926
Maryland Econ. Dev. Corp. Air Cargo Series 2019:
  
  
  
 5% 7/1/25 (c)
  
510,000
513,962
 5% 7/1/26 (c)
  
230,000
234,348
Maryland Gen. Oblig. Series 2022 2C, 4% 3/1/28
 
1,000,000
1,047,685
Maryland Health & Higher Edl. Series 2021 A:
  
  
  
 2.5% 7/1/51
 
1,210,000
777,403
 3% 7/1/46
 
1,265,000
997,731
 3% 7/1/51
 
915,000
682,670
 4% 6/1/55
 
190,000
156,841
 5% 6/1/29
 
370,000
387,657
 5% 6/1/30
 
745,000
787,310
Maryland Stadium Auth. Built to Learn Rev. Series 2021, 4% 6/1/46
 
180,000
176,556
Maryland Trans. Auth. Trans. Facility Projs. Rev. Series 2020, 5% 7/1/40
 
2,000,000
2,192,170
Prince Georges County Ctfs. of Prtn. Series 2021:
  
  
  
 5% 10/1/25
 
1,610,000
1,650,297
 5% 10/1/26
 
1,650,000
1,725,969
TOTAL MARYLAND
  
  
12,298,226
Massachusetts - 3.1%
 
  
  
Massachusetts Bay Trans. Auth. Sales Tax Rev. Series 2021 A1, 5% 7/1/35
 
820,000
940,746
Massachusetts Commonwealth Trans. Fund Rev.:
  
  
  
 (Rail Enhancement Prog.) Series 2021 B:
 
  
  
5% 6/1/26
 
  
350,000
365,569
5% 6/1/27
 
  
500,000
534,838
5% 6/1/41
 
  
1,250,000
1,325,101
 Series 2021 A, 5% 6/1/51
 
1,860,000
1,962,919
Massachusetts Dev. Fin. Agcy. Rev.:
  
  
  
 (Lawrence Gen. Hosp.) Series 2014 A, 5.25% 7/1/34
 
40,000
36,803
 Series 2016 A, 5% 1/1/31
 
40,000
41,343
 Series 2016 I:
 
  
  
5% 7/1/30
 
  
195,000
200,061
5% 7/1/41
 
  
140,000
140,942
 Series 2017 A:
 
  
  
5% 1/1/36
 
  
325,000
336,233
5% 1/1/37
 
  
1,050,000
1,081,683
 Series 2017, 5% 7/1/36
 
275,000
282,760
 Series 2018, 5% 1/1/43
 
180,000
182,402
 Series 2019 K:
 
  
  
5% 7/1/25
 
  
125,000
126,990
5% 7/1/26
 
  
165,000
171,064
5% 7/1/27
 
  
195,000
206,248
 Series 2019:
 
  
  
5% 7/1/27
 
  
440,000
454,644
5% 9/1/59
 
  
200,000
207,892
 Series 2020 A, 4% 7/1/45
 
480,000
427,938
 Series 2021 V, 5% 7/1/55
 
1,245,000
1,469,053
 Series 2021:
 
  
  
4% 7/1/26
 
  
240,000
237,197
4% 7/1/27
 
  
255,000
251,476
4% 7/1/28
 
  
325,000
319,749
4% 7/1/29
 
  
340,000
333,827
4% 7/1/30
 
  
355,000
347,298
4% 7/1/31
 
  
370,000
359,985
 Series M:
 
  
  
4% 10/1/50
 
  
490,000
413,182
5% 10/1/45
 
  
370,000
372,017
Massachusetts Edl. Fing. Auth. Rev. Series 2016, 5% 7/1/24 (c)
  
210,000
210,399
Massachusetts Gen. Oblig.:
  
  
  
 Series 2019 A, 5% 1/1/49
 
2,000,000
2,093,954
 Series 2019 C, 5% 5/1/49
 
345,000
362,248
 Series 2022 C, 5.25% 10/1/47
 
2,000,000
2,222,706
 Series E, 5% 11/1/50
 
1,640,000
1,737,571
Massachusetts Hsg. Fin. Auth. Series 2021 223, 3% 6/1/47
 
605,000
584,696
Massachusetts Port Auth. Rev.:
  
  
  
 Series 2019 A, 5% 7/1/40 (c)
  
500,000
524,504
 Series 2021 E:
 
  
  
5% 7/1/41 (c)
 
  
1,000,000
1,062,458
5% 7/1/46 (c)
 
  
290,000
303,751
5% 7/1/51 (c)
 
  
1,000,000
1,036,952
Massachusetts Port Auth. Spl. Facilities Rev. (Bosfuel Proj.) Series 2019 A, 5% 7/1/49 (c)
  
230,000
236,878
TOTAL MASSACHUSETTS
  
  
23,506,077
Michigan - 1.2%
 
  
  
Flint Hosp. Bldg. Auth. Rev. Series 2020:
  
  
  
 4% 7/1/41
 
140,000
127,142
 5% 7/1/25
 
60,000
60,069
 5% 7/1/27
 
265,000
269,048
Grand Rapids Pub. Schools Series 2019, 5% 11/1/26 (Assured Guaranty Muni. Corp. Insured)
 
180,000
188,322
Grand Traverse County Hosp. Fin. Auth. Series 2021, 3% 7/1/51
 
395,000
287,847
Great Lakes Wtr. Auth. Sew Disp. Sys. Series 2018 A, 5% 7/1/48
 
200,000
207,046
Great Lakes Wtr. Auth. Wtr. Supply Sys. Rev. Series 2016 D, 5% 7/1/27
 
100,000
103,774
Kalamazoo Hosp. Fin. Auth. Hosp. Facilities Rev. Series 2016, 4% 5/15/36
 
185,000
185,865
Michigan Fin. Auth. Rev.:
  
  
  
 (Charter County of Wayne Criminal Justice Ctr. Proj.) Series 2018, 5% 11/1/43
 
50,000
52,641
 (Henry Ford Health Sys. Proj.) Series 2016, 5% 11/15/25
 
570,000
582,593
 Series 2016, 5% 11/15/26
 
160,000
165,760
 Series 2019 A:
 
  
  
3% 12/1/49
 
  
555,000
424,513
5% 11/15/48
 
  
55,000
56,965
 Series 2020 A, 4% 6/1/49
 
135,000
123,368
 Series 2020, 5% 6/1/40
 
1,105,000
1,159,789
 Series 2021:
 
  
  
4% 9/1/31
 
  
665,000
685,905
5% 9/1/32
 
  
690,000
761,758
5% 9/1/33
 
  
650,000
715,068
5% 9/1/36
 
  
505,000
548,956
Michigan Hosp. Fin. Auth. Rev. Series 2008 C, 5% 12/1/32
 
10,000
10,598
Michigan Hsg. Dev. Auth. Single Family Mtg. Rev. Series A, 3.5% 12/1/50
 
570,000
558,619
Michigan State Hsg. Dev. Auth. Series 2021 A, 2.45% 10/1/46
 
555,000
378,786
Michigan Strategic Fund Ltd. Oblig. Rev. Bonds (Consumer Energy Co. Proj.) Series 2019, 1.8%, tender 10/1/24 (b)(c)
  
175,000
172,578
Univ. of Michigan Rev. Series 2020 A, 5% 4/1/50
 
1,000,000
1,072,480
Wayne County Arpt. Auth. Rev.:
  
  
  
 Series 2017 A, 5% 12/1/29
 
45,000
47,851
 Series 2017 B, 5% 12/1/42 (c)
  
150,000
153,853
 Series 2018 D, 5% 12/1/29 (c)
  
85,000
90,311
TOTAL MICHIGAN
  
  
9,191,505
Minnesota - 1.2%
 
  
  
Duluth Econ. Dev. Auth. Health Care Facilities Rev. Series 2018 A:
  
  
  
 5% 2/15/48
 
220,000
222,926
 5% 2/15/58
 
270,000
271,613
Maple Grove Health Care Sys. Rev. Series 2015, 5% 9/1/26
 
60,000
60,925
Minneapolis & Saint Paul Metropolitan Arpts. Commission Arpt. Rev. Series 2022 B:
  
  
  
 5% 1/1/34 (c)
  
210,000
233,908
 5% 1/1/37 (c)
  
520,000
570,619
Minnesota Higher Ed. Facilities Auth. Rev.:
  
  
  
 Series 2018 A:
 
  
  
5% 10/1/30
 
  
500,000
525,825
5% 10/1/45
 
  
30,000
30,275
 Series 2023, 4.25% 10/1/38
 
300,000
294,176
 Series 2024 A, 5% 10/1/49
 
4,000,000
4,272,421
Minnesota Hsg. Fin. Agcy.:
  
  
  
 Series 2023 F, 5.75% 7/1/53
 
150,000
159,634
 Series B, 4% 8/1/39
 
2,050,000
2,052,480
Shakopee Sr. Hsg. Rev. Bonds Series 2018, 5.85%, tender 11/1/25 (b)(d)
  
255,000
248,451
TOTAL MINNESOTA
  
  
8,943,253
Mississippi - 0.4%
 
  
  
Mississippi Bus. finance Corp. Exempt Facilities Rev. Bonds (Enviva, Inc. Proj.) Series 2022, 7.75%, tender 7/15/32 (b)(c)
  
2,345,000
1,756,687
Mississippi Home Corp. Series 2021 B:
  
  
  
 3% 6/1/51
 
275,000
265,578
 5% 6/1/25
 
750,000
762,262
Mississippi Hosp. Equip. & Facilities Auth.:
  
  
  
 Bonds Series II, 5%, tender 3/1/27 (b)
  
80,000
83,273
 Series I, 5% 10/1/24
 
70,000
70,308
TOTAL MISSISSIPPI
  
  
2,938,108
Missouri - 0.7%
 
  
  
Cape Girardeau County Indl. Dev. Auth.:
  
  
  
 (Southeast Hosp. Proj.) Series 2017 A, 5% 3/1/36
 
105,000
109,119
 Series 2021, 4% 3/1/41
 
250,000
245,442
Kansas City Wtr. Rev. Series 2020 A, 4% 12/1/44
 
1,200,000
1,200,927
Missouri Health & Edl. Facilities Rev. Series 2018 A, 5% 11/15/43
 
1,000,000
1,037,850
Missouri Hsg. Dev. Commission Single Family Mtg. Rev.:
  
  
  
 Series 2019, 4% 5/1/50
 
15,000
14,876
 Series 2021 A, 3% 5/1/52
 
445,000
429,647
Saint Louis Arpt. Rev. Series A, 5.25% 7/1/26 (Assured Guaranty Muni. Corp. Insured)
 
570,000
597,038
Saint Louis County Indl. Dev. Auth. Sr. Living Facilities Rev. Series 2018 A:
  
  
  
 5.125% 9/1/48
 
25,000
24,204
 5.25% 9/1/53
 
1,240,000
1,203,791
TOTAL MISSOURI
  
  
4,862,894
Montana - 0.1%
 
  
  
Montana Board Hsg. Single Family:
  
  
  
 Series 2017 A, 4% 12/1/47 (c)
  
5,000
4,970
 Series 2019 B, 4% 6/1/50
 
10,000
9,917
Montana Facility Fin. Auth. Series 2021 A, 3% 6/1/50
 
575,000
415,001
Montana Facility Fin. Auth. Rev. (Benefis Health Sys. Proj.) Series 2016, 5% 2/15/32
 
30,000
31,080
TOTAL MONTANA
  
  
460,968
Nebraska - 1.2%
 
  
  
Central Plains Energy Proj. Rev. Bonds:
  
  
  
 (Proj. No. 4) Series 2023 A1, 5%, tender 11/1/29 (b)
  
2,290,000
2,421,781
 Series 2019, 4%, tender 8/1/25 (b)
  
725,000
726,695
Douglas County Neb Edl. Facilities Rev. (Creighton Univ. Projs.) Series 2021 A, 3% 7/1/51
 
260,000
186,342
Nebraska Invt. Fin. Auth. Single Family Hsg. Rev.:
  
  
  
 Series 2019 B, 4% 9/1/49 (c)
  
35,000
34,494
 Series 2019 E, 3.75% 9/1/49 (c)
  
50,000
49,164
 Series 2020 A, 3.5% 9/1/50
 
625,000
612,068
 Series 2022 B:
 
  
  
5% 3/1/25 (c)
 
  
1,090,000
1,098,882
5% 9/1/25 (c)
 
  
1,105,000
1,120,996
5% 3/1/26 (c)
 
  
1,100,000
1,123,991
5% 9/1/26 (c)
 
  
1,140,000
1,173,720
5% 3/1/30 (c)
 
  
400,000
425,478
TOTAL NEBRASKA
  
  
8,973,611
Nevada - 0.3%
 
  
  
Clark County Arpt. Rev. Series 2014 A2, 5% 7/1/30
 
115,000
115,330
Nevada Hsg. Division Single Family Mtg. Rev.:
  
  
  
 Series 2019 A, 4% 4/1/49
 
270,000
267,777
 Series 2019 B, 4% 10/1/49
 
25,000
24,794
 Series 2021 B, 3% 10/1/51
 
1,935,000
1,860,723
Tahoe-Douglas Visitors Auth. Series 2020, 5% 7/1/45
 
195,000
198,639
TOTAL NEVADA
  
  
2,467,263
New Hampshire - 0.8%
 
  
  
Nat'l. Fin. Auth. Hosp. Rev. (St. Luke's Univ. Health Network Proj.) Series 2021 B:
  
  
  
 3% 8/15/51 (Assured Guaranty Muni. Corp. Insured)
 
490,000
375,215
 5% 8/15/30
 
1,405,000
1,534,262
Nat'l. Finnance Auth.:
  
  
  
 Series 2020 1, 4.125% 1/20/34
 
220,220
214,539
 Series 2023 2A, 3.875% 1/20/38
 
1,613,051
1,503,318
New Hampshire Health & Ed. Facilities Auth.:
  
  
  
 (Dartmouth-Hitchcock Oblgtd Grp Proj.) Series 2018 A:
 
  
  
5% 8/1/26
 
  
105,000
107,988
5% 8/1/37
 
  
100,000
104,399
 Series 2023 B, 5% 11/1/43 (c)
  
550,000
586,996
New Hampshire Nat'l. Fin. Auth. Series 2022 2, 4% 10/20/36
 
1,471,496
1,397,428
TOTAL NEW HAMPSHIRE
  
  
5,824,145
New Jersey - 5.0%
 
  
  
Gloucester County Impt. Auth. Rev. (Rowan Univ. Projs.) Series 2024:
  
  
  
 5% 7/1/34 (Build America Mutual Assurance Insured)
 
200,000
231,147
 5% 7/1/36 (Build America Mutual Assurance Insured)
 
700,000
795,510
 5% 7/1/37 (Build America Mutual Assurance Insured)
 
550,000
619,540
 5% 7/1/38 (Build America Mutual Assurance Insured)
 
575,000
642,857
 5% 7/1/39 (Build America Mutual Assurance Insured)
 
650,000
724,672
 5% 7/1/42 (Build America Mutual Assurance Insured)
 
700,000
767,924
 5% 7/1/44 (Build America Mutual Assurance Insured)
 
855,000
931,678
New Jersey Econ. Dev. Auth.:
  
  
  
 Series 2018 EEE:
 
  
  
5% 6/15/43
 
  
800,000
836,189
5% 6/15/43 (Pre-Refunded to 12/15/28 @ 100)
 
  
470,000
517,968
 Series 2023 RRR, 5% 3/1/25
 
1,890,000
1,914,723
 Series A, 5% 11/1/40
 
360,000
385,625
 Series QQQ:
 
  
  
4% 6/15/46
 
  
610,000
591,530
5% 6/15/27
 
  
35,000
37,012
5% 6/15/28
 
  
40,000
43,118
New Jersey Econ. Dev. Auth. Rev.:
  
  
  
 (Black Horse EHT Urban Renewal LLC Proj.) Series 2019 A, 5% 10/1/39 (d)
  
100,000
66,166
 (NJ Transit Corp. Projs.) Series A, 4% 11/1/27
 
370,000
380,511
 Series 2014 PP, 4% 6/15/30 (Pre-Refunded to 6/15/24 @ 100)
 
70,000
70,016
 Series 2014 RR, 5% 6/15/32 (Pre-Refunded to 6/15/24 @ 100)
 
60,000
60,133
 Series 2014 UU, 5% 6/15/30 (Pre-Refunded to 6/15/24 @ 100)
 
70,000
70,141
 Series 2018 EEE, 5% 6/15/28
 
410,000
441,961
 Series LLL:
 
  
  
4% 6/15/44
 
  
315,000
309,000
5% 6/15/44
 
  
180,000
190,123
 Series MMM, 4% 6/15/35
 
90,000
92,654
 Series PP, 5% 6/15/31 (Pre-Refunded to 6/15/24 @ 100)
 
260,000
260,576
New Jersey Edl. Facility Series 2016 B, 4% 9/1/26
 
500,000
506,563
New Jersey Gen. Oblig. Series 2020 A, 5% 6/1/29
 
205,000
226,768
New Jersey Health Care Facilities Fing. Auth. Rev. Series 2016:
  
  
  
 4% 7/1/48
 
100,000
91,514
 5% 7/1/41
 
65,000
65,382
New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev.:
  
  
  
 Series 2017 1A, 5% 12/1/26 (c)
  
530,000
544,465
 Series 2018 B:
 
  
  
5% 12/1/25 (c)
 
  
500,000
509,073
5% 12/1/26 (c)
 
  
485,000
498,237
5% 12/1/27 (c)
 
  
850,000
882,559
 Series 2020:
 
  
  
5% 12/1/24 (c)
 
  
100,000
100,697
5% 12/1/25 (c)
 
  
235,000
239,264
5% 12/1/25 (c)
 
  
60,000
61,089
5% 12/1/26 (c)
 
  
205,000
210,595
5% 12/1/27 (c)
 
  
145,000
150,554
5% 12/1/27 (c)
 
  
40,000
41,491
 Series 2023 B, 5% 12/1/30 (c)
  
3,780,000
4,048,946
New Jersey Tobacco Settlement Fing. Corp.:
  
  
  
 Series 2018 A, 5.25% 6/1/46
 
1,915,000
1,996,155
 Series 2018 B, 5% 6/1/46
 
500,000
508,417
New Jersey Tpk. Auth. Tpk. Rev.:
  
  
  
 Series 2015 E, 5% 1/1/34
 
190,000
192,319
 Series 2024, 5% 1/1/28 (g)
  
840,000
893,494
 Series D, 5% 1/1/28
 
170,000
176,329
New Jersey Trans. Trust Fund Auth.:
  
  
  
 (Trans. Prog.) Series 2019 AA, 5.25% 6/15/43
 
505,000
531,443
 Series 2006 C, 0% 12/15/33 (Assured Guaranty Muni. Corp. Insured)
 
780,000
574,855
 Series 2010 A, 0% 12/15/27
 
250,000
221,366
 Series 2014 AA, 5% 6/15/25
 
100,000
100,232
 Series 2016 A, 5% 6/15/27
 
160,000
165,901
 Series 2018 A, 5% 12/15/32
 
100,000
108,353
 Series 2019 BB, 4% 6/15/50
 
370,000
352,556
 Series 2021 A:
 
  
  
4% 6/15/34
 
  
140,000
146,530
5% 6/15/32
 
  
295,000
334,595
5% 6/15/33
 
  
1,000,000
1,129,536
 Series 2022 A, 4% 6/15/39
 
720,000
735,099
 Series 2022 AA:
 
  
  
5% 6/15/33
 
  
250,000
287,340
5% 6/15/36
 
  
1,460,000
1,658,688
 Series 2022 BB:
 
  
  
4% 6/15/46
 
  
1,385,000
1,343,065
4% 6/15/50
 
  
1,000,000
955,884
 Series AA:
 
  
  
4% 6/15/38
 
  
185,000
189,367
4% 6/15/45
 
  
1,535,000
1,495,574
4% 6/15/50
 
  
1,980,000
1,892,650
5% 6/15/40
 
  
210,000
228,443
 Series BB:
 
  
  
5% 6/15/33
 
  
1,000,000
1,083,091
5% 6/15/50
 
  
70,000
72,208
South Jersey Trans. Auth. Trans. Sys. Rev. Series 2022 A:
  
  
  
 5% 11/1/36
 
450,000
505,399
 5% 11/1/40
 
150,000
161,191
TOTAL NEW JERSEY
  
  
37,198,051
New Mexico - 0.2%
 
  
  
New Mexico Edl. Assistance Foundation Series 2021 1A:
  
  
  
 5% 9/1/26 (c)
  
1,045,000
1,073,477
 5% 9/1/27 (c)
  
350,000
363,351
 5% 9/1/29 (c)
  
150,000
160,084
New Mexico Mtg. Fin. Auth.:
  
  
  
 Series 2019 C, 4% 1/1/50
 
120,000
119,009
 Series 2019 D, 3.75% 1/1/50
 
35,000
34,483
Santa Fe Retirement Fac. Series 2019 A:
  
  
  
 5% 5/15/34
 
10,000
10,049
 5% 5/15/39
 
5,000
4,901
 5% 5/15/44
 
5,000
4,698
 5% 5/15/49
 
15,000
13,587
TOTAL NEW MEXICO
  
  
1,783,639
New York - 9.8%
 
  
  
Buffalo and Erie County Indl. Land Rev. (Catholic Health Sys., Inc. Proj.) Series 2015, 5% 7/1/25
 
400,000
393,115
Long Island Pwr. Auth. Elec. Sys. Rev. Bonds Series 2021 B, 1.5%, tender 9/1/26 (b)
  
500,000
469,679
Monroe County Indl. Dev. Corp. (Univ. of Rochester Proj.) Series 2015 B, 4% 7/1/35
 
5,000
5,028
MTA Hudson Rail Yards Trust Oblig. Series 2016 A, 5% 11/15/56
 
100,000
98,926
New York City Edl. Construction Fund Series 2021 B:
  
  
  
 5% 4/1/46
 
675,000
723,378
 5% 4/1/52
 
520,000
550,822
New York City Gen. Oblig.:
  
  
  
 Series 2018 A, 5% 8/1/24
 
100,000
100,543
 Series 2024 A, 5% 8/1/41
 
1,135,000
1,278,350
 Series E, 5% 8/1/30
 
1,025,000
1,065,941
New York City Hsg. Dev. Corp. Multifamily Hsg.:
  
  
  
 Bonds:
 
  
  
Series 2021 C2, 0.7%, tender 7/1/25 (b)
 
  
270,000
256,189
Series 2021 K2, 0.9%, tender 1/1/26 (b)
 
  
2,075,000
1,945,103
Series 2021, 0.6%, tender 7/1/25 (b)
 
  
385,000
365,682
 Series A 1 B, 5% 5/1/30
 
490,000
537,466
New York City Muni. Wtr. Fin. Auth. Wtr. & Swr. Sys. Rev. Series GG 1, 5% 6/15/48
 
1,350,000
1,434,640
New York City Transitional Fin. Auth.:
  
  
  
 Series 2024 B, 5% 5/1/39
 
4,750,000
5,453,879
 Series 2024, 5% 11/1/29
 
4,000,000
4,478,049
New York City Trust Cultural Resources Rev. Series 2021, 5% 7/1/31
 
660,000
758,679
New York Dorm. Auth. Rev.:
  
  
  
 Bonds Series 2019 B2, 5%, tender 5/1/24 (b)
  
100,000
100,056
 Series 2020 A:
 
  
  
4% 9/1/37
 
  
350,000
342,154
4% 9/1/39
 
  
700,000
669,469
4% 7/1/45
 
  
1,000,000
962,258
 Series 2022 A:
 
  
  
5% 7/15/32
 
  
1,250,000
1,352,088
5% 7/15/37
 
  
110,000
116,117
5% 7/15/42
 
  
310,000
319,373
New York Dorm. Auth. Sales Tax Rev. Series 2023 A1, 5% 3/15/41
 
3,915,000
4,427,919
New York Metropolitan Trans. Auth. Rev.:
  
  
  
 Series 2015 A1, 5% 11/15/29
 
120,000
121,866
 Series 2016 A, 5% 11/15/31
 
100,000
103,116
 Series 2016 C1, 5% 11/15/33
 
1,000,000
1,039,921
 Series 2017 B, 5% 11/15/24
 
565,000
569,479
 Series 2017 C1, 5% 11/15/30
 
325,000
347,782
 Series 2017 D:
 
  
  
5% 11/15/25
 
  
1,635,000
1,678,987
5% 11/15/30
 
  
2,220,000
2,375,618
 Series 2020 D:
 
  
  
4% 11/15/46
 
  
2,050,000
1,955,153
4% 11/15/47
 
  
150,000
142,291
 Series 2024 A, 5.25% 11/15/49
 
5,000,000
5,415,593
New York State Dorm. Auth.:
  
  
  
 Series 2019 D, 3% 2/15/49
 
1,065,000
833,295
 Series 2021 A, 4% 3/15/38
 
1,000,000
1,030,787
 Series 2021 E:
 
  
  
3% 3/15/50
 
  
1,060,000
820,491
4% 3/15/39
 
  
1,000,000
1,024,071
 Series 2024 A, 5.25% 3/15/52
 
3,550,000
3,908,401
New York State Envir. Facilities Corp. Rev. (2010 Master Fing. Prog.) Series 2021 B:
  
  
  
 5% 2/15/28
 
160,000
173,479
 5% 8/15/28
 
235,000
257,656
 5% 2/15/29
 
100,000
110,819
 5% 8/15/29
 
200,000
224,078
 5% 2/15/30
 
340,000
385,337
 5% 8/15/30
 
400,000
457,733
New York State Hsg. Fin. Agcy. Rev.:
  
  
  
 Bonds:
 
  
  
Series 2021 J2, 1.1%, tender 5/1/27 (b)
 
  
1,105,000
995,919
Series 2021 K2, 1%, tender 11/1/26 (b)
 
  
300,000
274,331
Series 2023 C2, 3.8%, tender 5/1/29 (b)
 
  
3,120,000
3,122,698
 Series J, 0.75% 5/1/25
 
225,000
216,174
New York State Mtg. Agcy. Homeowner Mtg.:
  
  
  
 Series 2021 232, 5% 10/1/25 (c)
  
765,000
775,862
 Series 2021 239, 3.25% 10/1/51
 
960,000
927,846
 Series 221, 3.5% 10/1/32 (c)
  
20,000
19,536
New York State Urban Dev. Corp.:
  
  
  
 Series 2020 C, 4% 3/15/39
 
1,000,000
1,020,019
 Series 2020 E:
 
  
  
4% 3/15/44
 
  
1,675,000
1,638,209
4% 3/15/45
 
  
1,350,000
1,309,054
New York State Urban Eev Corp. Series 2019 A, 5% 3/15/37
 
1,105,000
1,216,588
New York Trans. Dev. Corp.:
  
  
  
 (Delta Air Lines, Inc. - Laguardia Arpt. Terminals C&D Redev. Proj.) Series 2020, 5% 10/1/40 (c)
  
1,000,000
1,035,873
 (Term. 4 John F. Kennedy Int'l. Arpt. Proj.) Series 2022:
 
  
  
5% 12/1/32 (c)
 
  
380,000
421,013
5% 12/1/33 (c)
 
  
590,000
653,311
5% 12/1/34 (c)
 
  
645,000
714,178
5% 12/1/35 (c)
 
  
325,000
358,108
5% 12/1/36 (c)
 
  
220,000
240,353
5% 12/1/37 (c)
 
  
590,000
639,224
5% 12/1/38 (c)
 
  
1,430,000
1,539,594
5% 12/1/39 (c)
 
  
1,090,000
1,171,389
5% 12/1/40 (c)
 
  
925,000
988,256
5% 12/1/41 (c)
 
  
840,000
893,495
5% 12/1/42 (c)
 
  
420,000
444,980
Niagara Area Dev. Corp. Rev. (Catholic Health Sys., Inc. Proj.) Series 2022, 4.5% 7/1/52
 
555,000
424,473
Oneida County Local Dev. Corp. Rev. (Mohawk Valley Health Sys. Proj.) Series 2019 A, 5% 12/1/29 (Assured Guaranty Muni. Corp. Insured)
 
600,000
600,376
Onondaga Civic Dev. Corp. (Le Moyne College Proj.) Series 2015, 5% 7/1/27
 
295,000
299,122
Suffolk County Econ. Dev. Corp. Rev. Series 2021:
  
  
  
 5.125% 11/1/41 (d)
  
100,000
86,559
 5.375% 11/1/54 (d)
  
100,000
81,859
TOTAL NEW YORK
  
  
73,289,255
New York And New Jersey - 0.5%
 
  
  
New Jersey Edl. Facilities Auth. Rev. Series 2024 B, 5.25% 3/1/54
 
3,150,000
3,533,323
Port Auth. of New York & New Jersey Series 2017 202, 5% 10/15/29 (c)
  
500,000
521,089
TOTAL NEW YORK AND NEW JERSEY
  
  
4,054,412
North Carolina - 0.6%
 
  
  
New Hanover County Hosp. Rev. Series 2017, 5% 10/1/27 (Escrowed to Maturity)
 
10,000
10,647
North Carolina Med. Care Commission Health Care Facilities Rev.:
  
  
  
 Bonds Series 2019 C, 2.55%, tender 6/1/26 (b)
  
300,000
293,470
 Series 2020 A, 3% 7/1/45
 
365,000
286,263
 Series 2021 A, 4% 3/1/51
 
280,000
210,200
North Carolina State Ed. Assistance Auth. Student Ln. Rev. Series 2023 A, 5% 6/1/43 (c)
  
160,000
162,519
North Carolina Tpk. Auth. Triangle Expressway Sys. Series 2024 B, 5% 1/1/53 (Assured Guaranty Muni. Corp. Insured)
 
3,340,000
3,572,057
TOTAL NORTH CAROLINA
  
  
4,535,156
North Dakota - 0.2%
 
  
  
North Dakota Hsg. Fin. Agcy.:
  
  
  
 Series 2021 A, 3% 1/1/52
 
170,000
164,242
 Series 2021 B, 3% 7/1/52
 
580,000
556,910
Univ. of North Dakota Series 2021 A, 3% 6/1/61 (Assured Guaranty Muni. Corp. Insured)
 
790,000
538,730
TOTAL NORTH DAKOTA
  
  
1,259,882
Ohio - 4.2%
 
  
  
Akron Bath Copley Hosp. District Rev.:
  
  
  
 Series 2016, 5.25% 11/15/46
 
495,000
503,411
 Series 2020, 4% 11/15/38
 
1,500,000
1,402,953
Allen County Hosp. Facilities Rev. (Mercy Health) Series 2017 A:
  
  
  
 5% 8/1/25
 
10,000
10,186
 5% 8/1/26
 
390,000
404,542
 5% 8/1/27
 
10,000
10,578
 5% 8/1/28
 
10,000
10,735
 5% 8/1/29
 
10,000
10,695
 5% 8/1/30
 
10,000
10,715
American Muni. Pwr., Inc. (Solar Electricity Prepayment Proj.) Series 2019 A, 5% 2/15/44
 
175,000
183,629
Buckeye Tobacco Settlement Fing. Auth.:
  
  
  
 Series 2020 A2:
 
  
  
3% 6/1/48
 
  
550,000
419,751
4% 6/1/48
 
  
180,000
167,066
5% 6/1/34
 
  
370,000
403,514
 Series 2020 B2, 5% 6/1/55
 
1,370,000
1,295,565
Cleveland Arpt. Sys. Rev. Series 2016 A, 5% 1/1/25 (Assured Guaranty Muni. Corp. Insured)
 
145,000
146,415
Cleveland Wtr. Rev. Series 2020, 5% 1/1/28
 
800,000
861,951
County of Cuyahoga (Ballpark Impt. Proj.) Series 2022 A, 4% 1/1/35
 
8,000,000
8,421,791
Fairfield County Hosp. Facilities Rev. (Fairfield Med. Ctr. Proj.) Series 2013, 4.25% 6/15/24
 
110,000
109,609
Franklin County Convention Facilities Auth. (Greater Columbus Convention Ctr. Hotel Expansion Proj.) Series 2019:
  
  
  
 5% 12/1/44
 
60,000
59,275
 5% 12/1/46
 
200,000
210,852
 5% 12/1/51
 
200,000
209,082
Kent State Univ. Revs. Series 2016, 5% 5/1/30
 
1,495,000
1,547,403
Lancaster Port Auth. Gas Rev.:
  
  
  
 Bonds Series 2019, 5%, tender 2/1/25 (b)
  
255,000
257,247
 Series 2019, 5% 2/1/25
 
160,000
161,141
Middleburg Heights Hosp. Rev. Series 2021 A, 4% 8/1/41
 
430,000
417,720
Ohio Gen. Oblig.:
  
  
  
 Series 2021 A:
 
  
  
5% 3/1/28
 
  
110,000
119,176
5% 3/1/28
 
  
140,000
151,679
5% 3/1/29
 
  
160,000
177,172
5% 3/1/29
 
  
210,000
232,538
5% 3/1/30
 
  
190,000
214,653
5% 3/1/30
 
  
290,000
327,628
 Series 2021 B:
 
  
  
5% 2/1/28
 
  
205,000
221,675
5% 2/1/29
 
  
385,000
425,536
5% 2/1/30
 
  
320,000
360,871
 Series 2021 C:
 
  
  
5% 3/15/28
 
  
275,000
298,209
5% 3/15/29
 
  
480,000
531,975
5% 3/15/30
 
  
480,000
542,733
Ohio Hosp. Facilities Rev. Series 2021 B:
  
  
  
 5% 1/1/26
 
320,000
329,979
 5% 1/1/27
 
750,000
790,591
Ohio Hosp. Rev. Series 2020 A:
  
  
  
 4% 1/15/50
 
40,000
36,863
 5% 1/15/31
 
300,000
327,688
Ohio Hsg. Fin. Agcy. Residential Mtg. Rev.:
  
  
  
 (Mtg. Backed Securities Prog.) Series 2019 B, 4.5% 3/1/50
 
10,000
10,020
 (Mtg.-Backed Securities Prog.) Series 2023 B, 6% 3/1/55
 
380,000
417,433
 Series 2021 C, 3.25% 3/1/51
 
4,075,000
3,956,785
Ohio Major New State Infrastructure Rev. Series 2021 1A:
  
  
  
 5% 12/15/25
 
800,000
824,853
 5% 12/15/28
 
1,250,000
1,374,855
Ohio Tpk. Commission Tpk. Rev.:
  
  
  
 (Infrastructure Projs.) Series 2022 A:
 
  
  
5% 2/15/32
 
  
70,000
81,139
5% 2/15/38
 
  
185,000
209,647
 Series A, 5% 2/15/51
 
600,000
638,848
Scioto County Hosp. Facilities Rev. Series 2019, 5% 2/15/29
 
100,000
103,795
Univ. of Akron Gen. Receipts Series 2019 A, 4% 1/1/27
 
220,000
223,811
Washington County Hosp. Rev. Series 2022:
  
  
  
 6% 12/1/28
 
215,000
224,509
 6% 12/1/29
 
230,000
241,738
 6% 12/1/30
 
245,000
258,987
 6% 12/1/31
 
260,000
274,901
TOTAL OHIO
  
  
31,166,113
Oklahoma - 0.1%
 
  
  
Oklahoma City Arpt. Trust Series 33, 5% 7/1/47 (c)
  
200,000
204,666
Oklahoma Dev. Fin. Auth. Health Sys. Rev. Series 2015 A, 5% 8/15/24
 
250,000
250,447
Oklahoma Dev. Fin. Auth. Rev. (Oklahoma City Univ. Proj.) Series 2019, 5% 8/1/44
 
125,000
122,727
Oklahoma Hsg. Fin. Agcy. Single Family Mtg. Rev. (Homeownership Ln. Prog.) Series 2023 C, 6% 3/1/54
 
70,000
76,927
TOTAL OKLAHOMA
  
  
654,767
Oregon - 0.3%
 
  
  
Oregon State Hsg. & Cmnty. Svcs. Dept.:
  
  
  
 (Single-Family Mtg. Prog.) Series 2019 A, 2.65% 7/1/39
 
160,000
132,653
 Series 2019 A, 4% 7/1/50
 
875,000
867,766
Port of Portland Arpt. Rev.:
  
  
  
 Series 2020 27A, 5% 7/1/45 (c)
  
650,000
680,054
 Series 27 A, 5% 7/1/36 (c)
  
240,000
259,311
Salem Hosp. Facility Auth. Rev. (Salem Health Projs.) Series 2019 A, 3% 5/15/49
 
850,000
634,275
TOTAL OREGON
  
  
2,574,059
Pennsylvania - 7.5%
 
  
  
Allegheny County Arpt. Auth. Rev. Series 2021 A:
  
  
  
 5% 1/1/51 (c)
  
2,105,000
2,174,437
 5% 1/1/56 (c)
  
1,280,000
1,311,017
Allegheny County Indl. Dev. Auth. Rev. Series 2021:
  
  
  
 3.5% 12/1/31
 
170,000
140,946
 4% 12/1/41
 
270,000
191,175
 4.25% 12/1/50
 
300,000
197,510
Centre County Pennsylvania Hosp. Auth. Rev. (Mount Nittany Med. Ctr. Proj.) Series 2018 A, 5% 11/15/25
 
100,000
102,368
Chartiers Valley School District Series 2021 A, 3% 10/15/49
 
1,155,000
866,355
Commonwealth Fing. Auth. Rev. Series 2020 A, 5% 6/1/28
 
305,000
328,944
Delaware County Auth. Rev.:
  
  
  
 (Cabrini College) Series 2017, 5% 7/1/47
 
510,000
511,929
 Series 2017, 5% 7/1/28
 
445,000
459,797
Doylestown Hosp. Auth. Hosp. Rev. Series 2016 A:
  
  
  
 5% 7/1/46
 
15,000
14,153
 5% 7/1/46 (Pre-Refunded to 7/1/26 @ 100)
 
5,000
5,195
Dubois Hosp. Auth. Hosp. Rev.:
  
  
  
 (Penn Highlands Healthcare Proj.) Series 2018:
 
  
  
4% 7/15/37
 
  
40,000
39,367
5% 7/15/36
 
  
500,000
517,071
 Series 2020, 4% 7/15/45
 
500,000
462,515
Geisinger Auth. Health Sys. Rev. Series 2017 A1, 5% 2/15/45
 
100,000
102,016
Lehigh County Gen. Purp. Auth. Rev. (Muhlenberg College Proj.) Series 2017, 5% 2/1/39
 
60,000
61,883
Lehigh County Gen. Purp. Hosp. Rev. Series 2016 A, 4% 7/1/35
 
5,060,000
5,069,179
Monroeville Fin. Auth. UPMC Rev. Series 2012, 5% 2/15/26
 
95,000
97,682
Montgomery County Higher Ed. & Health Auth. Rev.:
  
  
  
 Series 2016 A, 5% 10/1/40
 
330,000
311,734
 Series 2019, 4% 9/1/44
 
185,000
176,429
 Series 2020, 5% 4/1/27
 
300,000
299,696
Northampton County Gen. Purp. Auth. Hosp. Rev. (St. Luke's Univ. Health Network Proj.) Series 2018 A, 4% 8/15/48
 
195,000
175,074
Pennsylvania Ctfs. Prtn. Series 2018 A:
  
  
  
 5% 7/1/24
 
300,000
300,749
 5% 7/1/26
 
455,000
473,563
 5% 7/1/27
 
500,000
531,441
 5% 7/1/34
 
450,000
482,236
Pennsylvania Higher Edl. Facilities Auth. Rev. (Drexel Univ. Proj.):
  
  
  
 Series 2016, 5% 5/1/35
 
500,000
510,360
 Series 2017, 5% 5/1/35
 
10,000
10,330
Pennsylvania Hsg. Fin. Agcy.:
  
  
  
 Series 2021 134B, 5% 10/1/27 (c)
  
1,160,000
1,199,918
 Series 2021 137, 3% 10/1/51
 
845,000
808,204
 Series 2022 138:
 
  
  
3% 10/1/52
 
  
1,350,000
1,290,408
5% 4/1/26
 
  
1,100,000
1,132,744
5% 10/1/26
 
  
600,000
623,520
5% 4/1/27
 
  
500,000
524,552
5% 10/1/27
 
  
450,000
476,491
5% 4/1/28
 
  
465,000
496,215
5% 10/1/28
 
  
475,000
511,410
5% 4/1/29
 
  
480,000
518,483
5% 10/1/29
 
  
1,000,000
1,089,277
5% 4/1/30
 
  
1,010,000
1,103,764
5% 10/1/30
 
  
695,000
764,378
Pennsylvania Tpk. Commission Tpk. Rev.:
  
  
  
 Series 2015 B, 5% 12/1/45
 
265,000
268,092
 Series 2016 A1, 5% 12/1/41
 
1,215,000
1,232,215
 Series 2021 A, 4% 12/1/50
 
1,000,000
953,624
 Series 2021 B:
 
  
  
5% 12/1/28
 
  
625,000
681,537
5% 12/1/29
 
  
1,000,000
1,107,836
 Series 2024, 5% 12/1/44
 
7,405,000
8,112,115
Philadelphia Arpt. Rev.:
  
  
  
 Series 2017 B:
 
  
  
5% 7/1/35 (c)
 
  
50,000
52,055
5% 7/1/47 (c)
 
  
970,000
984,138
 Series 2020 C, 5% 7/1/29 (c)
  
595,000
637,942
 Series 2021:
 
  
  
5% 7/1/26 (c)
 
  
2,920,000
3,007,479
5% 7/1/27 (c)
 
  
4,020,000
4,198,720
5% 7/1/28 (c)
 
  
425,000
449,799
5% 7/1/34 (c)
 
  
1,000,000
1,094,334
5% 7/1/35 (c)
 
  
1,000,000
1,090,895
Philadelphia Auth. for Indl. Dev.:
  
  
  
 Series 2015 1, 5% 4/1/33
 
70,000
70,826
 Series 2017 A, 5% 9/1/42
 
760,000
773,882
Philadelphia Gas Works Rev. Series 2020 A, 5% 8/1/32 (Assured Guaranty Muni. Corp. Insured)
 
1,000,000
1,118,595
Philadelphia Gen. Oblig. Series 2019 A, 5% 8/1/26
 
220,000
228,723
Philadelphia School District:
  
  
  
 Series 2018 A, 5% 9/1/25
 
50,000
51,035
 Series 2018 B, 5% 9/1/43
 
50,000
51,869
 Series 2019 A:
 
  
  
4% 9/1/35
 
  
170,000
174,234
5% 9/1/34 (Assured Guaranty Muni. Corp. Insured)
 
  
80,000
86,650
 Series 2019 B, 5% 9/1/26
 
415,000
430,713
 Series 2019 C, 5% 9/1/33
 
315,000
346,052
Philadelphia Wtr. & Wastewtr. Rev. Series 2023 B, 5.5% 9/1/53 (Assured Guaranty Muni. Corp. Insured)
 
1,000,000
1,129,340
Pittsburgh Wtr. & Swr. Auth. Wtr. & Swr. Sys. Rev. Series 2019 A, 5% 9/1/44 (Assured Guaranty Muni. Corp. Insured)
 
70,000
74,219
Southcentral Pennsylvania Gen. Auth. Rev.:
  
  
  
 (Hanover Hosp., Inc. PA Proj.) Series 2015, 5% 12/1/28
 
45,000
46,208
 Series 2019 A:
 
  
  
4% 6/1/44
 
  
50,000
47,905
4% 6/1/49
 
  
115,000
106,552
5% 6/1/25
 
  
200,000
203,201
5% 6/1/44
 
  
85,000
88,432
5% 6/1/49
 
  
135,000
138,950
State Pub. School Bldg. Auth. Lease Rev. (The School District of Philadelphia Proj.) Series 2016 A, 5% 6/1/32 (Assured Guaranty Muni. Corp. Insured)
 
315,000
325,945
Union County Hosp. Auth. Rev. Series 2018 B, 5% 8/1/43
 
185,000
190,626
TOTAL PENNSYLVANIA
  
  
56,019,253
Puerto Rico - 1.6%
 
  
  
Puerto Rico Commonwealth Aqueduct & Swr. Auth.:
  
  
  
 Series 2021 A, 5% 7/1/33 (d)
  
900,000
962,510
 Series 2021 B:
 
  
  
5% 7/1/33 (d)
 
  
250,000
267,364
5% 7/1/37 (d)
 
  
960,000
1,006,397
 Series 2022 A, 4% 7/1/42 (d)
  
960,000
912,118
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
  
  
  
 0% 7/1/33
 
2,273,421
1,491,503
 4% 7/1/33
 
1,608,885
1,602,651
 4% 7/1/35
 
575,000
563,735
 5.625% 7/1/27
 
190,000
202,040
 5.625% 7/1/29
 
999,707
1,093,656
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev. Series 2019 A2, 4.329% 7/1/40
 
3,795,000
3,796,093
TOTAL PUERTO RICO
  
  
11,898,067
Rhode Island - 0.3%
 
  
  
Rhode Island Health & Edl. Bldg. Corp. Higher Ed. Facilities Rev.:
  
  
  
 Series 2016 B, 5% 9/1/36
 
500,000
480,539
 Series 2016, 5% 5/15/39
 
215,000
216,352
Rhode Island Hsg. & Mtg. Fin. Corp. Series 2019 70, 4% 10/1/49
 
25,000
24,792
Rhode Island Student Ln. Auth. Student Ln. Rev.:
  
  
  
 Series 2023 A, 5% 12/1/30 (c)
  
730,000
787,738
 Series 2024 A, 5% 12/1/28 (c)(g)
  
725,000
767,674
 Series A, 4% 12/1/26 (c)
  
35,000
34,851
TOTAL RHODE ISLAND
  
  
2,311,946
South Carolina - 1.0%
 
  
  
Charleston County Arpt. District Series 2019, 5% 7/1/48
 
395,000
417,856
South Carolina Hsg. Fin. & Dev. Auth. Mtg. Rev.:
  
  
  
 Series 2019 A, 4% 1/1/50
 
40,000
39,649
 Series 2023 B, 6% 1/1/54
 
235,000
258,255
South Carolina Jobs-Econ. Dev. Auth.:
  
  
  
 Series 2019 C, 5% 7/1/33
 
170,000
182,830
 Series 2023:
 
  
  
4% 2/1/42
 
  
1,115,000
1,119,040
5% 2/1/40
 
  
835,000
922,230
South Carolina Jobs-Econ. Dev. Auth. Econ. Dev. Rev. Series 2022 A, 4% 4/1/52
 
1,000,000
960,920
South Carolina Ports Auth. Ports Rev.:
  
  
  
 Series 2015, 5.25% 7/1/55 (Pre-Refunded to 7/1/25 @ 100) (c)
  
255,000
260,142
 Series 2018, 5% 7/1/43 (c)
  
520,000
533,632
South Carolina Pub. Svc. Auth. Rev.:
  
  
  
 Series 2016 A:
 
  
  
5% 12/1/26
 
  
140,000
144,188
5% 12/1/29
 
  
500,000
515,434
5% 12/1/33
 
  
15,000
15,442
5% 12/1/38
 
  
80,000
81,645
 Series 2016 B:
 
  
  
5% 12/1/31
 
  
105,000
108,815
5% 12/1/35
 
  
195,000
201,520
Spartanburg County Reg'l. Health Series 2017 A:
  
  
  
 4% 4/15/43
 
30,000
28,883
 4% 4/15/48
 
20,000
18,500
 5% 4/15/48
 
1,415,000
1,454,776
TOTAL SOUTH CAROLINA
  
  
7,263,757
South Dakota - 0.1%
 
  
  
South Dakota Health & Edl. Facilities Auth. Rev. Series 2020 A, 3% 9/1/45
 
475,000
365,258
Tennessee - 1.4%
 
  
  
Chattanooga Health Ed. & Hsg. Facility Board Rev. Series 2019 A1:
  
  
  
 4% 8/1/44
 
575,000
552,464
 5% 8/1/25
 
135,000
138,035
Memphis-Shelby County Arpt. Auth. Arpt. Rev. Series 2018:
  
  
  
 5% 7/1/26 (c)
  
450,000
461,523
 5% 7/1/37 (c)
  
200,000
208,743
 5% 7/1/38 (c)
  
1,315,000
1,367,224
Metropolitan Govt. of Nashville & Davidson County Series 2023:
  
  
  
 5% 5/1/38
 
900,000
1,000,404
 5% 5/1/40
 
800,000
877,385
Metropolitan Nashville Arpt. Auth. Rev.:
  
  
  
 Series 2015 B, 4% 7/1/25 (c)
  
55,000
54,946
 Series 2019 B:
 
  
  
5% 7/1/38 (c)
 
  
655,000
700,450
5% 7/1/54 (c)
 
  
225,000
232,447
Nashville and Davidson County Metropolitan Govt. Gen. Oblig. Series 2021 C, 5% 1/1/30
 
2,400,000
2,704,420
Nashville and Davidson County Metropolitan Govt. Health & Edl. Facilities Board Rev. (Lipscomb Univ. Proj.) Series 2019 A, 4% 10/1/49
 
1,000,000
879,732
Tennessee Hsg. Dev. Agcy. Series 2015 A, 3.5% 7/1/45
 
150,000
148,103
Tennessee Hsg. Dev. Agcy. Residential:
  
  
  
 Series 2019 3:
 
  
  
2.6% 7/1/39
 
  
65,000
53,427
2.8% 7/1/44
 
  
75,000
57,722
 Series 2019 4, 2.9% 7/1/39
 
145,000
123,540
 Series 2021 1, 3% 7/1/51
 
520,000
503,090
 Series 2021 3A, 3% 1/1/52
 
235,000
226,151
TOTAL TENNESSEE
  
  
10,289,806
Texas - 4.5%
 
  
  
Austin Cmnty. College District Rev. (Highland Campus Parking Garage Proj.) Series 2018 C:
  
  
  
 5% 8/1/25
 
200,000
204,234
 5% 8/1/26
 
200,000
208,600
Birdville Independent School District Series 2020, 2.375% 2/15/35
 
170,000
149,616
Brazos County Gen. Oblig. Series 2020, 2.125% 9/1/40
 
355,000
255,133
Central Reg'l. Mobility Auth.:
  
  
  
 Series 2020 B, 5% 1/1/45
 
1,000,000
1,048,164
 Series 2021 B:
 
  
  
5% 1/1/33
 
  
640,000
707,249
5% 1/1/34
 
  
650,000
716,711
5% 1/1/35
 
  
550,000
604,238
5% 1/1/36
 
  
850,000
928,345
5% 1/1/37
 
  
1,100,000
1,196,211
5% 1/1/38
 
  
1,100,000
1,189,663
 Series 2021 C, 5% 1/1/27
 
775,000
793,921
Denton Independent School District Bonds:
  
  
  
 Series 2014 B:
 
  
  
2%, tender 8/1/24 (b)
 
  
15,000
14,913
2%, tender 8/1/24 (b)
 
  
15,000
14,913
 Series 2019:
 
  
  
2%, tender 8/1/24 (b)
 
  
10,000
9,937
2%, tender 8/1/24 (b)
 
  
60,000
59,598
Fort Bend Independent School District Bonds Series 2021 B, 0.72%, tender 8/1/26 (b)
  
405,000
372,138
Garland Elec. Util. Sys. Rev. Series 2021 A:
  
  
  
 4% 3/1/35
 
765,000
802,717
 4% 3/1/36
 
750,000
781,385
Grand Parkway Trans. Corp. Bonds Series 2023, 5%, tender 4/1/28 (b)
  
2,545,000
2,703,849
Harris County Cultural Ed. Facilities Fin. Corp. Rev. Series 2015, 4% 12/1/45
 
220,000
206,640
Harris County Flood Cont. District Series 2021 A:
  
  
  
 5% 10/1/25
 
690,000
707,575
 5% 10/1/26
 
900,000
944,757
Houston Arpt. Sys. Rev.:
  
  
  
 Series 2018 A, 5% 7/1/41 (c)
  
1,000,000
1,035,569
 Series 2018 C:
 
  
  
5% 7/1/26 (c)
 
  
200,000
206,035
5% 7/1/30 (c)
 
  
120,000
127,373
 Series 2018 D, 5% 7/1/39
 
260,000
276,075
Houston City of Higher Ed. Fin. Corp. (Houston Baptist Univ. Proj.) Series 2021:
  
  
  
 3.375% 10/1/37
 
500,000
424,051
 4% 10/1/51
 
1,200,000
963,996
Houston Gen. Oblig. Series 2017 A, 5% 3/1/32
 
25,000
26,365
Houston Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds Series 2023, 5%, tender 8/1/26 (b)
  
465,000
475,536
Houston Util. Sys. Rev.:
  
  
  
 Series 2016 B, 5% 11/15/34
 
5,000
5,216
 Series 2020 C, 5% 11/15/45
 
1,000,000
1,080,941
 Series 2021 A, 5% 11/15/26
 
445,000
468,084
Love Field Arpt. Modernization Rev.:
  
  
  
 Series 2015, 5% 11/1/30 (c)
  
320,000
325,426
 Series 2017, 5% 11/1/31 (c)
  
25,000
25,739
Lower Colorado River Auth. Rev. (LCRA Transmission Svcs. Corp. Proj.) Series 2020, 5% 5/15/24
 
300,000
300,344
Mansfield Tex Series 2020, 2.375% 2/15/36
 
565,000
476,581
Midlothian Independent School District Bonds Series 2013 C, 2%, tender 8/1/24 (b)
  
100,000
99,330
New Hope Cultural Ed. Facilities Fin. Corp. (Childrens Med. Ctr. of Dallas) Series 2017 A:
  
  
  
 5% 8/15/27
 
10,000
10,596
 5% 8/15/47
 
10,000
10,241
North Texas Tollway Auth. Rev.:
  
  
  
 Series 2019 B, 5% 1/1/25
 
85,000
85,942
 Series 2021 B, 4% 1/1/32
 
2,000,000
2,105,657
Pflugerville Gen. Oblig. Series 2020, 1.875% 8/1/36
 
1,095,000
831,745
San Antonio Elec. & Gas Sys. Rev. Series 2017, 5% 2/1/33
 
5,000
5,264
San Antonio Wtr. Sys. Rev.:
  
  
  
 Series 2018 A, 5% 5/15/33
 
5,000
5,399
 Series 2020 A, 5% 5/15/50
 
475,000
500,361
Southwest Higher Ed. Auth. Rev. (Southern Methodist Univ. Proj.) Series 2016 A, 3% 10/1/32
 
370,000
351,618
Tarrant County Cultural Ed. Facilities Fin. Corp. Rev. Series 2018 A, 5% 7/1/29
 
305,000
328,747
Texas Dept. of Hsg. & Cmnty. Affairs Multi-family Hsg. Rev. Series 2019, 2.95% 7/1/36
 
121,669
106,588
Texas Dept. of Hsg. & Cmnty. Affairs Residential Mtg. Rev. Series 2023 B, 6% 1/1/54
 
975,000
1,072,197
Texas Dept. of Hsg. & Cmnty. Affairs Single Family Mtg. Rev.:
  
  
  
 Series 2019 A, 4% 3/1/50
 
65,000
64,454
 Series A, 3.5% 3/1/51
 
130,000
127,160
Texas Muni. Gas Acquisition & Supply Corp. Bonds Series 2023 B, 5.5%, tender 1/1/34 (b)
  
295,000
330,181
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
1,022,386
Texas Trans. Commission Series 2019 A, 0% 8/1/41
 
250,000
109,821
Texas Trans. Commission Hwy. Impt. Gen. Oblig. Bonds Series 2014 B, 0.65%, tender 4/1/26 (b)
  
2,380,000
2,210,058
Univ. of North Texas Univ. Rev. Series 2022 A, 5% 4/15/47
 
2,000,000
2,072,191
Univ. of Texas Board of Regents Sys. Rev. Series 2021 A, 2% 8/15/36
 
700,000
553,973
Waco Gen. Oblig. Series 2020, 2.375% 2/1/40
 
660,000
487,098
TOTAL TEXAS
  
  
33,328,845
Utah - 0.1%
 
  
  
Salt Lake City Arpt. Rev.:
  
  
  
 Series 2017 A, 5% 7/1/37 (c)
  
385,000
398,225
 Series 2018 A:
 
  
  
5% 7/1/33 (c)
 
  
175,000
185,085
5.25% 7/1/48 (c)
 
  
130,000
134,265
 Series 2023 A, 5.25% 7/1/37 (c)
  
310,000
349,592
TOTAL UTAH
  
  
1,067,167
Vermont - 0.2%
 
  
  
Vermont Hsg. Fin. Agcy. Series 2021 B, 3% 11/1/51
 
298,000
285,250
Vermont Student Assistant Corp. Ed. Ln. Rev.:
  
  
  
 Series 2019 A, 5% 6/15/25 (c)
  
635,000
640,943
 Series 2020 A, 5% 6/15/26 (c)
  
620,000
634,549
TOTAL VERMONT
  
  
1,560,742
Virginia - 0.9%
 
  
  
Lynchburg Econ. Dev. Series 2021, 3% 1/1/51
 
425,000
307,459
Roanoke Econ. Dev. Auth. Edl. Facilities Series 2018 A, 5% 9/1/24
 
315,000
315,594
Salem Econ. Dev. Auth. Series 2020:
  
  
  
 4% 4/1/40
 
120,000
110,943
 5% 4/1/25
 
165,000
166,000
 5% 4/1/36
 
500,000
525,152
Virginia College Bldg. Auth. Edl. Facilities Rev.:
  
  
  
 (21St Century Collage and Equip. Programs) Series 2021 A:
 
  
  
4% 2/1/34
 
  
1,850,000
1,962,659
4% 2/1/35
 
  
1,700,000
1,795,189
 Series 2019 A, 3% 2/1/36
 
195,000
185,511
Virginia Small Bus. Fing. Auth. (Elizabeth River Crossings OpCo, LLC Proj.) Series 2022, 4% 7/1/34 (c)
  
1,465,000
1,489,024
Wise County Indl. Dev. Auth. Waste & Sewage Rev. Bonds (Virginia Elec. and Pwr. Co. Proj.) Series 2010 A, 1.2%, tender 5/31/24 (b)
  
125,000
124,217
TOTAL VIRGINIA
  
  
6,981,748
Washington - 2.3%
 
  
  
King County Hsg. Auth. Rev. Series 2021, 4% 12/1/29
 
230,000
235,806
King County Swr. Rev. Series 2017, 5% 7/1/34
 
10,000
10,593
Port of Seattle Rev.:
  
  
  
 Series 2013, 5% 7/1/24 (c)
  
55,000
55,016
 Series 2015 B, 5% 3/1/25
 
70,000
70,430
 Series 2015 C, 5% 4/1/24 (c)
  
50,000
50,000
 Series 2018 A, 5% 5/1/31 (c)
  
350,000
361,403
 Series 2019 A, 4% 4/1/44 (c)
  
100,000
93,461
 Series 2021 C:
 
  
  
5% 8/1/24 (c)
 
  
445,000
446,095
5% 8/1/25 (c)
 
  
365,000
370,534
5% 8/1/26 (c)
 
  
495,000
510,649
5% 8/1/27 (c)
 
  
305,000
320,162
5% 8/1/28 (c)
 
  
860,000
914,888
Seattle Hsg. Auth. Rev. (Northgate Plaza Proj.) Series 2021, 1% 6/1/26
 
200,000
186,681
Spokane Pub. Facilities District Hotel/Motel Tax & Sales/Use Tax Rev. Series 2017, 5% 12/1/41
 
295,000
302,064
Washington Convention Ctr. Pub. Facilities:
  
  
  
 Series 2021 B:
 
  
  
3% 7/1/43
 
  
130,000
104,539
3% 7/1/58 (Assured Guaranty Muni. Corp. Insured)
 
  
1,805,000
1,319,940
 Series 2021, 4% 7/1/31
 
2,540,000
2,518,908
Washington Gen. Oblig. Series 2021 C, 5% 2/1/44
 
3,010,000
3,270,891
Washington Health Care Facilities Auth. Rev.:
  
  
  
 (Overlake Hosp. Med. Ctr., WA. Proj.) Series 2017 B:
 
  
  
5% 7/1/25
 
  
5,000
5,034
5% 7/1/30
 
  
5,000
5,152
5% 7/1/31
 
  
10,000
10,305
5% 7/1/42
 
  
100,000
100,999
 Series 2017, 4% 8/15/42
 
100,000
88,686
 Series 2019 A2, 5% 8/1/44
 
255,000
266,156
 Series 2020, 5% 9/1/40
 
735,000
781,737
Washington Higher Ed. Facilities Auth. Rev.:
  
  
  
 (Gonzaga Univ. Proj.) Series 2019 A, 3% 4/1/49
 
725,000
524,795
 (Whitworth Univ. Proj.) Series 2016 A, 5% 10/1/25
 
550,000
557,330
Washington Hsg. Fin. Commission Series 2021 2N:
  
  
  
 5% 6/1/26
 
970,000
1,002,000
 5% 12/1/27
 
985,000
1,045,197
 5% 12/1/28
 
500,000
538,121
 5% 12/1/29
 
500,000
544,804
Washington Hsg. Fin. Commission Nonprofit Hsg. Rev. (Judson Park Proj.) Series 2018, 5% 7/1/38 (d)
  
100,000
96,921
Washington Hsg. Fin. Commission Nonprofit Rev. (Seattle Academy of Arts and Sciences Proj.) Series 2023, 5.125% 7/1/33 (d)
  
740,000
808,628
TOTAL WASHINGTON
  
  
17,517,925
West Virginia - 0.0%
 
  
  
West Virginia Hosp. Fin. Auth. Hosp. Rev. Series 2018 A, 5% 1/1/32
 
50,000
50,783
Wisconsin - 1.1%
 
  
  
Blue Ridge Healthcare Pub. Fin. Auth. Series 2020 A, 5% 1/1/31
 
60,000
64,013
Howard Suamico Scd Series 2021, 2% 3/1/38
 
265,000
199,398
Pub. Fin. Auth. Edl. Facilities Series 2018 A:
  
  
  
 5.25% 10/1/43
 
160,000
157,961
 5.25% 10/1/48
 
160,000
154,383
Pub. Fin. Auth. Hosp. Rev.:
  
  
  
 (Renown Reg'l. Med. Ctr. Proj.) Series 2020 A, 4% 6/1/45
 
320,000
297,126
 Series 2019 A, 5% 10/1/44
 
355,000
367,870
Pub. Fin. Auth. Wisconsin Retirement Facility Rev. Series 2018:
  
  
  
 5% 10/1/43 (d)
  
45,000
42,742
 5% 10/1/48 (d)
  
40,000
36,623
 5% 10/1/53 (d)
  
30,000
26,744
Roseman Univ. of Health:
  
  
  
 Series 2020:
 
  
  
3% 4/1/25 (d)
 
  
215,000
211,807
3% 4/1/25 (Escrowed to Maturity) (d)
 
  
5,000
4,974
5% 4/1/40 (d)
 
  
95,000
97,172
5% 4/1/40 (Pre-Refunded to 4/1/30 @ 100) (d)
 
  
5,000
5,609
 Series 2021 A:
 
  
  
3% 7/1/50
 
  
380,000
278,070
4.5% 6/1/56 (d)
 
  
1,870,000
1,541,410
 Series 2021 B, 6.5% 6/1/56 (d)
  
500,000
429,012
Wisconsin Gen. Oblig. Series 2021 A, 5% 5/1/32
 
1,430,000
1,555,330
Wisconsin Health & Edl. Facilities:
  
  
  
 Series 2016 A:
 
  
  
3.5% 2/15/40
 
  
50,000
41,823
4% 11/15/46
 
  
195,000
186,243
4% 11/15/46 (Pre-Refunded to 5/15/26 @ 100)
 
  
80,000
81,350
 Series 2016, 4% 12/1/46
 
675,000
647,288
 Series 2019 A:
 
  
  
5% 12/1/28
 
  
150,000
160,297
5% 12/1/29
 
  
150,000
162,875
 Series 2019 B1, 2.825% 11/1/28
 
25,000
23,000
 Series 2019:
 
  
  
5% 10/1/24
 
  
175,000
175,941
5% 10/1/30
 
  
195,000
213,681
Wisconsin Hsg. & Econ. Dev. Auth.:
  
  
  
 Series 2021 A, 3% 3/1/52
 
160,000
153,993
 Series 2021 C, 3% 9/1/52
 
335,000
322,441
Wisconsin Hsg. & Econ. Dev. Auth. Hsg. Rev. Bonds Series 2021 C:
  
  
  
 0.61%, tender 5/1/24 (b)
  
60,000
59,837
 0.81%, tender 5/1/25 (b)
  
225,000
214,839
TOTAL WISCONSIN
  
  
7,913,852
Wyoming - 0.3%
 
  
  
Wyoming Cmnty. Dev. Auth. Hsg. Rev. Series 2022 3:
  
  
  
 5% 6/1/24 (c)
  
675,000
675,900
 5% 12/1/24 (c)
  
695,000
699,846
 5% 6/1/25 (c)
  
700,000
709,685
 5% 12/1/25 (c)
  
375,000
382,898
TOTAL WYOMING
  
  
2,468,329
 
TOTAL MUNICIPAL BONDS
 (Cost $723,192,150)
  
  
  
697,664,911
 
  
  
  
Money Market Funds - 5.8%
 
  
Shares
Value ($)
 
Fidelity Municipal Cash Central Fund 3.63% (h)(i)
 
 (Cost $43,501,536)
 
  
43,491,915
43,504,948
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.2%
 (Cost $766,693,686)
 
  
 
741,169,859
NET OTHER ASSETS (LIABILITIES) - 0.8%  
5,717,588
NET ASSETS - 100.0%
746,887,447
 
  
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(c)
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
 
(d)
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 $7,509,713 or 1.0% of net assets.
 
(e)
Non-income producing - Security is in default.
 
(f)
Level 3 security
 
(g)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
(h)
Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.
 
(i)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Municipal Cash Central Fund 3.63%
27,616,986
46,695,993
30,812,159
287,344
696
3,432
43,504,948
2.1%
Total
27,616,986
46,695,993
30,812,159
287,344
696
3,432
43,504,948
  
 
  
  
  
  
  
  
  
  
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted 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)
 
Valuation techniques used to value investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Bonds are valued by pricing services 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 services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure 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.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.