NPORT-EX 2 QTLY_70_20211031.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity® Massachusetts Municipal Income Fund
October 31, 2021
MFL-NPRT3-1221
1.809072.118
Municipal Bonds - 95.5%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 95.3%
 
 
 
Amesbury Gen. Oblig. Series 2020, 5% 6/1/28
 
1,440,000
1,812,974
Attleboro Gen. Oblig. Series 70 B, 5% 10/15/29
 
1,585,000
2,000,555
Berkshire Wind Pwr. Coop. Corp. Series 2017 2:
 
 
 
 5% 7/1/22
 
350,000
360,881
 5% 7/1/25
 
505,000
581,256
 5% 7/1/26
 
925,000
1,095,404
 5% 7/1/27
 
700,000
849,358
 5% 7/1/30
 
480,000
576,497
Blue Hills Reg'l. Technical Series 2019, 4% 2/1/49
 
2,000,000
2,273,973
Boston Gen. Oblig.:
 
 
 
 Series A, 4% 11/1/31
 
4,780,000
5,904,025
 Series B:
 
 
 
5% 11/1/35
 
 
6,000,000
7,866,818
5% 11/1/40
 
 
5,205,000
6,739,654
Braintree Gen. Oblig. Series 2015:
 
 
 
 5% 5/15/26
 
2,300,000
2,751,610
 5% 5/15/27
 
2,000,000
2,457,266
 5% 5/15/28
 
600,000
754,603
Brookline Gen. Oblig. Series 2020, 5% 3/15/28
 
3,075,000
3,862,639
Cambridge Gen. Oblig. Series 12:
 
 
 
 5% 1/1/23
 
865,000
871,807
 5% 1/1/24
 
340,000
342,660
Framingham Gen. Oblig. Series 2012 A, 4% 12/1/24
 
1,360,000
1,413,276
Lowell Gen. Oblig. Series 2019:
 
 
 
 5% 9/1/28
 
1,215,000
1,538,649
 5% 9/1/29
 
700,000
882,245
Lynn Wtr. & Swr. Commission Gen. Rev. Series 2003 A, 5% 12/1/32 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
440,000
441,603
Massachusetts Bay Trans. Auth. Sales Tax Rev.:
 
 
 
 Series 2004 B, 5.25% 7/1/30
 
5,000,000
6,404,019
 Series 2005 B, 5.5% 7/1/29 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
4,000,000
5,300,104
 Series 2006 A:
 
 
 
5.25% 7/1/29
 
 
3,005,000
3,926,571
5.25% 7/1/32
 
 
16,745,000
23,200,474
 Series 2015 A:
 
 
 
5% 7/1/40
 
 
14,570,000
16,754,077
5% 7/1/45
 
 
14,125,000
16,236,966
 Series 2020 B1, 5% 7/1/50
 
2,750,000
3,363,767
 Series 2021 A1, 4% 7/1/51
 
16,955,000
19,917,996
Massachusetts Clean Energy Coop. Corp. Series 2013:
 
 
 
 5% 7/1/25
 
2,795,000
2,997,862
 5% 7/1/30
 
3,725,000
3,973,040
Massachusetts Clean Wtr. Trust:
 
 
 
 Series 18:
 
 
 
5% 2/1/28
 
 
3,500,000
3,865,749
5% 2/1/29
 
 
6,355,000
7,011,533
 Series 2012 B:
 
 
 
5% 8/1/27
 
 
295,000
305,518
5% 8/1/28
 
 
330,000
341,766
 Series 2021 23A, 5% 2/1/40
 
4,750,000
6,158,160
 Series 2021 B, 5% 2/1/41
 
2,000,000
2,586,190
 Series 22, 5% 8/1/37
 
4,110,000
5,209,915
 Series 6, 5.5% 8/1/30
 
850,000
853,414
Massachusetts Commonwealth Trans. Fund Rev.:
 
 
 
 (Accelerated Bridge Prog.) Series 2014 A, 5% 6/1/44
 
22,295,000
24,766,405
 (Rail Enhancement & Accelerated Bridge Prog.) Series 2018 A:
 
 
 
5% 6/1/35
 
 
2,885,000
3,575,980
5% 6/1/36
 
 
3,035,000
3,753,083
 (Rail Enhancement & Accelerated Bridge Programs) Series 2019 A, 5% 6/1/49
 
24,315,000
29,978,446
 (Rail Enhancement & Accelerated Bridge Progs.) Series 2018 A, 5.25% 6/1/43
 
14,575,000
18,149,781
 (Rail Enhancement Prog.):
 
 
 
Series 2015 A, 5% 6/1/45
 
 
17,750,000
20,351,369
Series 2021 B, 5% 6/1/41
 
 
6,000,000
7,374,299
 Series 2017 A, 5% 6/1/32
 
4,580,000
5,624,136
 Series 2021 A:
 
 
 
4% 6/1/50
 
 
1,050,000
1,223,694
5% 6/1/42
 
 
9,000,000
11,618,915
5% 6/1/51
 
 
5,435,000
6,801,280
 Series 2021 B, 5% 6/1/46
 
7,615,000
9,569,238
Massachusetts Dept. of Trans. Metropolitan Hwy. Sys. Rev.:
 
 
 
 Series A:
 
 
 
5% 1/1/24
 
 
1,175,000
1,292,120
5% 1/1/25
 
 
3,990,000
4,562,704
5% 1/1/35
 
 
3,500,000
4,316,820
5% 1/1/37
 
 
2,000,000
2,449,402
 Series C, 5% 1/1/34
 
8,585,000
10,724,424
Massachusetts Dev. Fin. Agcy. Multi-family Hsg. Rev. Bonds Series 2019, 1.39%, tender 2/1/22 (b)
 
4,950,000
4,962,862
Massachusetts Dev. Fin. Agcy. Rev.:
 
 
 
 (Babson College, MA. Proj.) Series 2017:
 
 
 
5% 10/1/28
 
 
465,000
567,937
5% 10/1/29
 
 
735,000
897,210
5% 10/1/42
 
 
4,000,000
4,825,560
5% 10/1/47
 
 
5,500,000
6,593,096
 (Boston College Proj.) Series T:
 
 
 
5% 7/1/37
 
 
1,415,000
1,692,280
5% 7/1/38
 
 
3,685,000
4,407,294
5% 7/1/39
 
 
4,450,000
5,324,600
5% 7/1/42
 
 
2,805,000
3,348,532
 (Broad Institute Proj.) Series 2017:
 
 
 
5% 4/1/33
 
 
10,145,000
12,308,483
5% 4/1/34
 
 
2,500,000
3,028,077
5% 4/1/35
 
 
2,455,000
2,968,823
5% 4/1/37
 
 
1,500,000
1,806,398
 (Broad Institute Proj.) Series 2017, 5% 4/1/36
 
2,205,000
2,660,395
 (Lesley Univ. Proj.) Series 2016:
 
 
 
5% 7/1/29
 
 
1,640,000
1,932,351
5% 7/1/32
 
 
1,905,000
2,239,465
 (Newbridge On The Charles Proj.) Series 2017:
 
 
 
4% 10/1/24 (c)
 
 
500,000
540,185
4% 10/1/25 (c)
 
 
500,000
539,892
4% 10/1/26 (c)
 
 
500,000
539,307
4% 10/1/27 (c)
 
 
350,000
377,242
4.125% 10/1/42 (c)
 
 
2,500,000
2,676,832
5% 10/1/37 (c)
 
 
1,000,000
1,083,491
5% 10/1/47 (c)
 
 
1,000,000
1,081,445
5% 10/1/57 (c)
 
 
6,000,000
6,482,836
 (Partners Healthcare Sys., Inc. Proj.) Series 2017 S:
 
 
 
5% 7/1/25
 
 
1,000,000
1,160,842
5% 7/1/31
 
 
21,180,000
25,985,486
5% 7/1/32
 
 
985,000
1,207,062
5% 7/1/34
 
 
750,000
916,852
 (Suffolk Univ. Proj.) Series 2017:
 
 
 
5% 7/1/22
 
 
875,000
901,667
5% 7/1/23
 
 
2,420,000
2,601,878
5% 7/1/24
 
 
2,000,000
2,221,033
5% 7/1/25
 
 
1,500,000
1,717,719
5% 7/1/26
 
 
1,935,000
2,275,978
5% 7/1/27
 
 
2,085,000
2,508,270
5% 7/1/28
 
 
4,300,000
5,139,434
 (Suffolk Univ., Proj.) Series 2017, 5% 7/1/32
 
1,000,000
1,172,439
 (UMASS Boston Student Hsg. Proj.) Series 2016:
 
 
 
5% 10/1/29
 
 
3,120,000
3,557,504
5% 10/1/30
 
 
1,100,000
1,249,831
5% 10/1/31
 
 
1,200,000
1,361,049
5% 10/1/32
 
 
1,240,000
1,403,322
5% 10/1/33
 
 
1,235,000
1,394,588
 (UMass Memorial Health Care Proj.) Series K:
 
 
 
5% 7/1/28
 
 
1,260,000
1,504,452
5% 7/1/29
 
 
1,320,000
1,567,423
5% 7/1/30
 
 
1,390,000
1,642,540
5% 7/1/38
 
 
3,750,000
4,412,198
 (Univ. of Massachusetts Health Cr., Inc. Proj.) Series 2017 L, 4% 7/1/44
 
7,000,000
7,760,782
 (Wentworth Institute of Technology Proj.) Series 2017:
 
 
 
5% 10/1/34
 
 
1,425,000
1,652,365
5% 10/1/35
 
 
1,495,000
1,731,253
5% 10/1/46
 
 
4,250,000
4,845,146
 (Wheaton College, MA. Proj.) Series 2017 H:
 
 
 
5% 1/1/29
 
 
1,435,000
1,734,274
5% 1/1/31
 
 
1,580,000
1,883,177
5% 1/1/32
 
 
1,665,000
1,979,095
5% 1/1/33
 
 
1,745,000
2,069,219
5% 1/1/34
 
 
1,835,000
2,171,407
5% 1/1/35
 
 
1,000,000
1,181,035
5% 1/1/36
 
 
1,000,000
1,177,956
5% 1/1/42
 
 
5,775,000
6,732,486
5% 1/1/47
 
 
1,895,000
2,194,765
5% 1/1/53
 
 
3,425,000
3,953,121
 Bonds Series A1, 5%, tender 1/31/30 (b)
 
15,280,000
19,669,923
 Series 2008 B:
 
 
 
0% 1/1/37 (Assured Guaranty Corp. Insured)
 
 
1,745,000
1,222,619
0% 1/1/40 (Assured Guaranty Corp. Insured)
 
 
5,000,000
3,180,203
0% 1/1/41 (Assured Guaranty Corp. Insured)
 
 
5,000,000
3,076,418
0% 1/1/42 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,972,212
 Series 2012 C:
 
 
 
5.25% 7/1/25
 
 
1,000,000
1,031,309
5.25% 7/1/26
 
 
1,000,000
1,030,945
 Series 2013 F:
 
 
 
4% 7/1/32
 
 
2,050,000
2,136,119
4% 7/1/43
 
 
21,685,000
22,541,972
5% 7/1/27
 
 
1,300,000
1,387,963
5% 7/1/37
 
 
3,925,000
4,165,896
 Series 2013 G, 5% 7/1/44
 
10,320,000
11,016,617
 Series 2013 P, 5% 7/1/43
 
12,320,000
13,188,278
 Series 2013 X, 5% 10/1/48
 
14,920,000
16,143,882
 Series 2014 A:
 
 
 
5% 3/1/32
 
 
1,700,000
1,872,985
5% 3/1/33
 
 
1,250,000
1,376,888
5% 3/1/34
 
 
4,375,000
4,816,961
5% 3/1/39
 
 
4,000,000
4,401,135
5% 3/1/44
 
 
15,765,000
17,338,246
 Series 2014 F:
 
 
 
5% 7/15/22
 
 
400,000
410,972
5% 7/15/23
 
 
350,000
372,755
5% 7/15/24
 
 
400,000
428,831
5% 7/15/25
 
 
550,000
588,253
5% 7/15/26
 
 
500,000
533,523
5% 7/15/27
 
 
200,000
212,875
5% 7/15/28
 
 
320,000
339,887
5.625% 7/15/36
 
 
800,000
846,568
5.75% 7/15/43
 
 
4,700,000
4,965,581
 Series 2014 P:
 
 
 
5% 10/1/32
 
 
5,000,000
5,641,931
5% 10/1/46
 
 
7,080,000
7,958,263
 Series 2015 D, 5% 7/1/44
 
10,975,000
12,367,388
 Series 2015 F, 5% 8/15/45
 
18,290,000
20,848,349
 Series 2015 H1:
 
 
 
5% 7/1/26
 
 
3,585,000
4,147,467
5% 7/1/29
 
 
3,750,000
4,301,603
5% 7/1/30
 
 
1,800,000
2,062,664
5% 7/1/31
 
 
1,190,000
1,362,261
5% 7/1/32
 
 
1,000,000
1,143,590
5% 7/1/33
 
 
1,000,000
1,142,425
 Series 2015 K, 4% 10/1/30
 
500,000
545,544
 Series 2015 O2:
 
 
 
5% 7/1/27
 
 
8,635,000
9,979,583
5% 7/1/29 (Pre-Refunded to 7/1/25 @ 100)
 
 
4,495,000
5,234,020
 Series 2015 Q:
 
 
 
5% 8/15/28
 
 
1,000,000
1,154,032
5% 8/15/29
 
 
1,000,000
1,153,236
5% 8/15/32
 
 
1,500,000
1,726,012
5% 8/15/33
 
 
1,550,000
1,782,405
5% 8/15/34
 
 
1,790,000
2,057,174
5% 8/15/38
 
 
1,690,000
1,932,444
 Series 2015:
 
 
 
5% 1/1/25
 
 
3,525,000
3,995,171
5% 1/1/27
 
 
2,695,000
3,032,249
5% 1/1/28
 
 
1,850,000
2,073,397
5% 1/1/29
 
 
2,945,000
3,289,374
 Series 2016 A, 5.25% 1/1/42
 
7,000,000
8,093,489
 Series 2016 E:
 
 
 
5% 7/1/31
 
 
1,000,000
1,157,884
5% 7/1/32
 
 
2,200,000
2,542,868
5% 7/1/33
 
 
1,500,000
1,731,618
5% 7/1/34
 
 
1,500,000
1,729,044
5% 7/1/35
 
 
1,500,000
1,727,210
5% 7/1/36
 
 
1,000,000
1,149,568
5% 7/1/37
 
 
2,000,000
2,295,658
 Series 2016 I:
 
 
 
5% 7/1/25
 
 
510,000
585,615
5% 7/1/27
 
 
1,150,000
1,362,361
5% 7/1/27
 
 
1,100,000
1,294,319
5% 7/1/29
 
 
1,680,000
1,962,787
5% 7/1/30
 
 
2,400,000
2,801,043
5% 7/1/31
 
 
2,400,000
2,797,783
5% 7/1/32
 
 
1,960,000
2,282,765
5% 7/1/34
 
 
3,035,000
3,553,584
5% 7/1/36
 
 
2,000,000
2,337,340
5% 7/1/37
 
 
1,470,000
1,716,792
5% 7/1/38
 
 
1,000,000
1,166,940
5% 7/1/41
 
 
14,790,000
17,091,059
 Series 2016 N:
 
 
 
5% 12/1/34
 
 
1,000,000
1,192,172
5% 12/1/36
 
 
2,520,000
2,997,407
 Series 2016:
 
 
 
4% 10/1/36
 
 
1,250,000
1,403,545
5% 7/1/26
 
 
1,710,000
2,032,765
5% 7/1/29
 
 
2,000,000
2,344,578
5% 7/1/30
 
 
2,000,000
2,335,190
5% 7/1/31
 
 
1,700,000
1,982,601
5% 10/1/32
 
 
1,760,000
2,089,859
5% 9/1/33
 
 
475,000
561,448
5% 10/1/33
 
 
1,500,000
1,778,992
5% 10/1/34
 
 
1,500,000
1,775,949
5% 9/1/35
 
 
375,000
441,720
5% 10/1/35
 
 
1,500,000
1,771,243
5% 7/1/36
 
 
3,000,000
3,501,563
5% 9/1/36
 
 
315,000
370,458
5% 9/1/37
 
 
840,000
988,066
5% 10/1/37
 
 
2,000,000
2,354,270
5% 10/1/39
 
 
5,000,000
5,869,944
5% 7/1/40
 
 
5,325,000
6,204,055
5% 7/1/41
 
 
5,145,000
5,998,478
5% 10/1/43
 
 
5,000,000
5,753,468
5% 9/1/46
 
 
3,235,000
3,801,260
5% 10/1/46
 
 
4,000,000
4,674,450
5% 10/1/48
 
 
1,000,000
1,106,613
5% 9/1/52
 
 
9,115,000
10,604,415
 Series 2017 A, 5% 1/1/35
 
1,000,000
1,187,439
 Series 2017 H:
 
 
 
5% 1/1/22
 
 
245,000
246,837
5% 1/1/23
 
 
325,000
341,974
5% 1/1/23 (Escrowed to Maturity)
 
 
1,115,000
1,176,463
5% 1/1/24
 
 
260,000
283,962
5% 1/1/24 (Escrowed to Maturity)
 
 
840,000
924,497
 Series 2017:
 
 
 
5% 7/1/22
 
 
180,000
185,522
5% 7/1/25
 
 
1,105,000
1,278,804
5% 7/1/26
 
 
160,000
189,395
5% 7/1/27
 
 
1,000,000
1,223,215
5% 7/1/37
 
 
600,000
692,194
5% 7/1/42
 
 
2,110,000
2,412,102
5% 7/1/47
 
 
2,250,000
2,557,933
 Series 2018:
 
 
 
5% 9/1/27
 
 
1,010,000
1,216,654
5% 9/1/29
 
 
1,390,000
1,692,487
5% 9/1/31
 
 
1,530,000
1,840,902
5% 9/1/33
 
 
1,185,000
1,419,349
5% 9/1/38
 
 
4,805,000
5,704,379
5% 6/1/43
 
 
4,740,000
5,794,754
5% 9/1/43
 
 
4,445,000
5,226,191
5% 6/1/48
 
 
7,000,000
8,506,462
 Series 2019 A:
 
 
 
5% 7/1/30
 
 
1,350,000
1,666,084
5% 7/1/31
 
 
1,350,000
1,659,141
5% 7/1/32
 
 
2,000,000
2,451,666
5% 7/1/33
 
 
2,300,000
2,814,287
5% 7/1/34
 
 
1,400,000
1,709,321
5% 7/1/34
 
 
1,015,000
1,255,557
5% 7/1/36
 
 
1,120,000
1,379,614
5% 7/1/38
 
 
735,000
901,529
5% 7/1/44
 
 
2,250,000
2,725,091
5% 7/1/49
 
 
3,500,000
4,214,803
 Series 2019 K:
 
 
 
4% 7/1/22
 
 
700,000
717,219
5% 7/1/23
 
 
500,000
538,448
5% 7/1/24
 
 
500,000
559,911
5% 7/1/25
 
 
1,250,000
1,447,597
5% 7/1/26
 
 
1,250,000
1,491,629
5% 7/1/33
 
 
2,000,000
2,491,123
5% 7/1/35
 
 
2,135,000
2,648,773
 Series 2019 S1:
 
 
 
5% 10/1/25
 
 
1,965,000
2,290,708
5% 10/1/26
 
 
2,535,000
3,040,832
 Series 2019 S2:
 
 
 
5% 10/1/32
 
 
1,410,000
1,757,941
5% 10/1/33
 
 
1,935,000
2,408,338
5% 10/1/34
 
 
2,165,000
2,687,986
 Series 2020 A:
 
 
 
4% 7/1/39
 
 
2,455,000
2,783,097
4% 7/1/40
 
 
7,920,000
8,960,842
 Series 2021 A:
 
 
 
4% 7/1/34
 
 
1,000,000
1,197,297
4% 7/1/35
 
 
1,000,000
1,193,854
4% 7/1/36
 
 
825,000
980,964
4% 7/1/37
 
 
1,000,000
1,183,621
4% 7/1/38
 
 
700,000
826,562
4% 7/1/39
 
 
1,400,000
1,651,611
5% 7/1/32
 
 
1,000,000
1,305,898
 Series 2021 B:
 
 
 
4% 7/1/42
 
 
475,000
538,603
4% 7/1/50
 
 
1,825,000
2,043,485
 Series 2021:
 
 
 
4% 7/1/40
 
 
2,160,000
2,426,641
4% 7/1/45
 
 
1,200,000
1,325,429
4% 7/1/50
 
 
1,750,000
1,925,117
 Series A:
 
 
 
4% 6/1/49
 
 
13,440,000
14,960,981
5% 6/1/39
 
 
6,760,000
8,206,151
 Series B, 0% 1/1/39 (Assured Guaranty Corp. Insured)
 
3,200,000
2,103,183
 Series BB1, 5% 10/1/46
 
355,000
421,912
 Series G:
 
 
 
5% 7/15/22 (c)
 
 
230,000
236,309
5% 7/15/23 (c)
 
 
120,000
127,802
5% 7/15/24 (c)
 
 
130,000
142,979
5% 7/15/25 (c)
 
 
120,000
135,648
5% 7/15/26 (c)
 
 
160,000
185,195
5% 7/15/27 (c)
 
 
170,000
200,671
5% 7/1/28
 
 
350,000
433,608
5% 7/15/28 (c)
 
 
175,000
210,245
5% 7/15/29 (c)
 
 
320,000
390,355
5% 7/1/30
 
 
225,000
289,052
5% 7/15/30 (c)
 
 
320,000
395,754
5% 7/15/31 (c)
 
 
350,000
433,935
5% 7/15/32 (c)
 
 
400,000
494,451
5% 7/1/33
 
 
550,000
714,269
5% 7/15/33 (c)
 
 
320,000
394,726
5% 7/1/34
 
 
250,000
323,756
5% 7/15/34 (c)
 
 
300,000
369,095
5% 7/15/35 (c)
 
 
270,000
331,600
5% 7/1/36
 
 
475,000
611,985
5% 7/15/36 (c)
 
 
235,000
287,809
5% 7/1/37
 
 
1,275,000
1,638,005
5% 7/15/37 (c)
 
 
250,000
305,383
5% 7/15/46 (c)
 
 
6,150,000
7,370,166
5% 7/1/50
 
 
1,900,000
2,381,247
 Series J2:
 
 
 
5% 7/1/43
 
 
11,540,000
13,870,586
5% 7/1/53
 
 
4,500,000
5,374,830
 Series K, 5% 7/1/27
 
1,150,000
1,381,365
 Series N 2016:
 
 
 
5% 12/1/41
 
 
14,700,000
17,389,165
5% 12/1/46
 
 
7,000,000
8,242,799
Massachusetts Edl. Fing. Auth. Rev.:
 
 
 
 Series 2014 I:
 
 
 
5% 1/1/25 (d)
 
 
2,660,000
3,014,796
5% 1/1/27 (d)
 
 
1,000,000
1,126,674
 Series 2015 A, 5% 1/1/25 (d)
 
5,450,000
6,176,931
 Series 2016 J:
 
 
 
5% 7/1/22 (d)
 
 
6,350,000
6,547,853
5% 7/1/23 (d)
 
 
9,930,000
10,672,852
 Series 2016, 5% 7/1/24 (d)
 
7,105,000
7,926,201
 Series 2017 A:
 
 
 
5% 7/1/22 (d)
 
 
3,325,000
3,428,600
5% 7/1/23 (d)
 
 
2,500,000
2,687,022
5% 7/1/24 (d)
 
 
3,000,000
3,345,050
5% 7/1/25 (d)
 
 
4,500,000
5,179,511
5% 7/1/26 (d)
 
 
3,920,000
4,632,313
 Series 2018 B:
 
 
 
5% 7/1/22 (d)
 
 
2,055,000
2,118,749
5% 7/1/27 (d)
 
 
9,240,000
11,009,917
5% 7/1/28 (d)
 
 
2,325,000
2,824,011
 Series 2019 B:
 
 
 
5% 7/1/23 (d)
 
 
500,000
537,404
5% 7/1/24 (d)
 
 
1,000,000
1,115,017
5% 7/1/25 (d)
 
 
1,365,000
1,571,118
5% 7/1/26 (d)
 
 
1,215,000
1,435,781
5% 7/1/28 (d)
 
 
1,000,000
1,229,541
5% 7/1/29 (d)
 
 
3,500,000
4,369,033
 Series 2020 C:
 
 
 
5% 7/1/28 (d)
 
 
2,000,000
2,459,081
5% 7/1/29 (d)
 
 
1,950,000
2,434,175
5% 7/1/30 (d)
 
 
1,950,000
2,470,676
 Series 2021 B:
 
 
 
5% 7/1/27 (d)
 
 
1,950,000
2,351,785
5% 7/1/28 (d)
 
 
1,850,000
2,275,973
5% 7/1/29 (d)
 
 
1,250,000
1,561,393
5% 7/1/30 (d)
 
 
1,125,000
1,425,390
5% 7/1/31 (d)
 
 
1,500,000
1,920,411
Massachusetts Fed. Hwy. (Accelerated Bridge Prog.) Series A, 5% 6/15/25
 
4,470,000
4,998,779
Massachusetts Gen. Oblig.:
 
 
 
 Series 2004 A, 5.5% 8/1/30
 
2,000,000
2,668,198
 Series 2007 A, 3 month U.S. LIBOR + 0.570% 0.654% 5/1/37 (b)(e)
 
6,840,000
6,754,146
 Series 2014 E:
 
 
 
5% 9/1/29
 
 
7,500,000
7,795,691
5% 9/1/30
 
 
5,000,000
5,197,127
5% 9/1/31
 
 
8,000,000
8,311,978
 Series 2015 C, 5% 7/1/40
 
12,730,000
14,678,158
 Series 2016 A, 5% 3/1/46
 
12,985,000
14,307,174
 Series 2016 B:
 
 
 
5% 7/1/33
 
 
5,500,000
6,529,153
5% 7/1/35
 
 
5,500,000
6,526,284
5% 7/1/36
 
 
10,260,000
12,180,039
5% 7/1/37
 
 
8,495,000
10,082,228
 Series 2016:
 
 
 
5% 3/1/31
 
 
1,500,000
1,657,098
5% 3/1/32
 
 
7,500,000
8,284,121
 Series 2017 A:
 
 
 
5% 4/1/34
 
 
6,875,000
8,353,128
5% 4/1/35
 
 
9,830,000
11,931,568
5% 4/1/42
 
 
18,490,000
22,403,863
5% 4/1/47
 
 
2,405,000
2,905,394
 Series 2017 D, 5% 2/1/33
 
2,550,000
3,078,311
 Series 2017 F:
 
 
 
5% 11/1/38
 
 
10,000,000
12,336,471
5% 11/1/39
 
 
10,000,000
12,329,127
 Series 2018 B, 5% 1/1/32
 
5,000,000
6,170,050
 Series 2019 A:
 
 
 
5% 1/1/35
 
 
5,000,000
6,278,697
5% 1/1/37
 
 
10,000,000
12,492,006
5% 1/1/49
 
 
10,000,000
12,299,617
5.25% 1/1/33
 
 
21,110,000
27,076,463
5.25% 1/1/44
 
 
16,490,000
20,735,364
 Series 2020 D:
 
 
 
3% 11/1/42
 
 
3,500,000
3,776,037
4% 11/1/36
 
 
1,500,000
1,815,355
4% 11/1/37
 
 
12,820,000
15,472,262
4% 11/1/41
 
 
10,630,000
12,641,837
5% 7/1/48
 
 
18,695,000
23,444,100
 Series 2021 D, 5% 9/1/51
 
10,000,000
12,806,977
 Series A:
 
 
 
5% 7/1/28
 
 
7,000,000
8,335,344
5% 3/1/29
 
 
2,710,000
3,458,789
5% 1/1/45
 
 
1,000,000
1,214,071
5% 1/1/48
 
 
9,420,000
11,411,168
 Series B:
 
 
 
5% 7/1/33
 
 
3,500,000
4,533,065
5% 7/1/34
 
 
2,000,000
2,581,782
 Series C:
 
 
 
3% 3/1/48
 
 
5,000,000
5,264,858
5% 5/1/45
 
 
5,000,000
6,221,903
5% 5/1/47
 
 
10,855,000
13,480,650
 Series D, 5% 7/1/45
 
3,415,000
4,295,266
 Series E:
 
 
 
5% 9/1/29
 
 
7,115,000
8,951,358
5% 11/1/45
 
 
5,355,000
6,784,458
5% 11/1/50
 
 
20,980,000
26,451,574
Massachusetts Health & Edl. Facilities Auth. Rev. (Blood Research Institute Proj.) Series A, 6.5% 2/1/22
 
1,145,000
1,150,026
Massachusetts Hsg. Fin. Agcy. Hsg. Rev.:
 
 
 
 Series 183, 3.5% 12/1/46
 
890,000
931,054
 Series 2011, 3.5% 12/1/49
 
4,055,000
4,365,220
 Series 2017, 4% 6/1/43 (d)
 
1,035,000
1,103,540
 Series 2020 A, 0.875% 12/1/23
 
3,250,000
3,257,569
 Series 207, 4% 6/1/49
 
2,190,000
2,384,117
 Series 214, 3.75% 12/1/49
 
5,450,000
5,920,962
 Series 218, 3% 12/1/50
 
2,015,000
2,156,396
Massachusetts Hsg. Fin. Auth.:
 
 
 
 Series 2021 221, 3% 12/1/50
 
3,900,000
4,205,373
 Series 2021 A2:
 
 
 
0.4% 6/1/24
 
 
875,000
871,409
0.45% 12/1/24
 
 
1,000,000
995,001
 Series 2021, 3% 6/1/51
 
4,000,000
4,339,748
 Series 220:
 
 
 
3% 12/1/50
 
 
3,650,000
3,918,117
5% 12/1/22
 
 
405,000
425,848
5% 6/1/23
 
 
300,000
322,245
5% 12/1/23
 
 
100,000
109,625
5% 6/1/24
 
 
150,000
167,571
5% 12/1/24
 
 
215,000
244,652
5% 6/1/25
 
 
425,000
491,714
5% 12/1/25
 
 
150,000
176,274
5% 6/1/26
 
 
100,000
119,146
5% 12/1/26
 
 
125,000
150,600
5% 6/1/27
 
 
100,000
121,718
5% 12/1/27
 
 
185,000
227,742
5% 6/1/28
 
 
75,000
93,234
5% 12/1/28
 
 
230,000
288,972
5% 6/1/29
 
 
100,000
126,785
Massachusetts Port Auth. Rev.:
 
 
 
 Series 2014 B:
 
 
 
5% 7/1/29 (d)
 
 
1,270,000
1,406,704
5% 7/1/39 (d)
 
 
4,965,000
5,477,379
 Series 2014 C:
 
 
 
5% 7/1/28
 
 
3,000,000
3,346,415
5% 7/1/29
 
 
4,205,000
4,689,516
5% 7/1/30
 
 
3,000,000
3,346,112
 Series 2015 A:
 
 
 
5% 7/1/28
 
 
460,000
529,037
5% 7/1/28 (d)
 
 
500,000
572,115
5% 7/1/29 (d)
 
 
1,245,000
1,423,656
5% 7/1/30
 
 
1,400,000
1,610,463
5% 7/1/30 (d)
 
 
1,450,000
1,654,989
5% 7/1/40 (d)
 
 
2,000,000
2,273,387
5% 7/1/45 (d)
 
 
3,500,000
3,974,408
5% 7/1/45
 
 
5,570,000
6,402,825
 Series 2016 A:
 
 
 
5% 7/1/26
 
 
695,000
834,294
5% 7/1/28
 
 
760,000
906,134
5% 7/1/30
 
 
1,660,000
1,971,339
5% 7/1/32
 
 
1,970,000
2,333,615
5% 7/1/36
 
 
3,760,000
4,446,631
 Series 2016 B:
 
 
 
4% 7/1/46 (d)
 
 
12,950,000
14,314,275
5% 7/1/43 (d)
 
 
6,410,000
7,478,827
 Series 2017 A:
 
 
 
5% 7/1/30 (d)
 
 
1,280,000
1,534,231
5% 7/1/31 (d)
 
 
1,095,000
1,310,668
5% 7/1/32 (d)
 
 
1,370,000
1,637,220
5% 7/1/33 (d)
 
 
1,250,000
1,493,855
5% 7/1/35 (d)
 
 
2,000,000
2,388,920
5% 7/1/36 (d)
 
 
1,720,000
2,049,385
5% 7/1/42 (d)
 
 
4,540,000
5,387,101
 Series 2019 A:
 
 
 
5% 7/1/24 (d)
 
 
4,140,000
4,632,546
5% 7/1/30 (d)
 
 
725,000
907,107
5% 7/1/34 (d)
 
 
2,605,000
3,222,391
5% 7/1/37 (d)
 
 
1,100,000
1,351,802
5% 7/1/40 (d)
 
 
950,000
1,160,855
 Series 2019 B, 5% 7/1/44
 
5,000,000
6,228,515
 Series 2019 C:
 
 
 
5% 7/1/31 (d)
 
 
3,500,000
4,359,783
5% 7/1/38 (d)
 
 
5,000,000
6,132,852
5% 7/1/39 (d)
 
 
5,000,000
6,120,353
5% 7/1/49 (d)
 
 
2,500,000
3,014,502
 Series 2021 A:
 
 
 
5% 7/1/38
 
 
2,125,000
2,767,484
5% 7/1/39
 
 
1,125,000
1,461,492
5% 7/1/40
 
 
1,045,000
1,354,694
 Series 2021 B, 5% 7/1/39 (d)
 
1,325,000
1,683,325
 Series 2021 D:
 
 
 
5% 7/1/46
 
 
3,180,000
4,064,633
5% 7/1/51
 
 
5,740,000
7,302,978
 Series 2021 E:
 
 
 
5% 7/1/40 (d)
 
 
4,000,000
5,071,040
5% 7/1/41 (d)
 
 
1,940,000
2,452,878
5% 7/1/51 (d)
 
 
1,775,000
2,208,672
Massachusetts Port Auth. Spl. Facilities Rev. (Bosfuel Proj.) Series 2019 A:
 
 
 
 5% 7/1/22 (d)
 
500,000
515,545
 5% 7/1/23 (d)
 
360,000
387,620
 5% 7/1/24 (d)
 
615,000
686,950
 5% 7/1/25 (d)
 
1,000,000
1,153,355
 5% 7/1/28 (d)
 
1,500,000
1,852,916
 5% 7/1/32 (d)
 
500,000
621,535
 5% 7/1/34 (d)
 
1,250,000
1,545,241
 5% 7/1/49 (d)
 
5,620,000
6,736,967
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev.:
 
 
 
 Series 2012 A, 5% 8/15/24
 
4,120,000
4,273,140
 Series 2016 A:
 
 
 
5% 11/15/40 (Pre-Refunded to 11/15/25 @ 100)
 
 
7,335,000
8,644,954
5% 11/15/41 (Pre-Refunded to 11/15/25 @ 100)
 
 
2,710,000
3,193,978
 Series 2019 A, 5% 2/15/44
 
21,510,000
26,632,634
 Series A:
 
 
 
5% 8/15/31
 
 
1,850,000
2,429,136
5% 8/15/32
 
 
1,500,000
1,962,361
5% 8/15/33
 
 
1,675,000
2,186,725
5% 8/15/34
 
 
3,000,000
3,902,967
5% 8/15/35
 
 
2,000,000
2,597,657
5% 8/15/36
 
 
12,845,000
16,625,582
5% 8/15/37
 
 
1,400,000
1,807,257
5% 8/15/45
 
 
10,000,000
12,676,360
5% 8/15/50
 
 
16,615,000
20,961,629
 Series B, 5% 11/15/39
 
1,975,000
2,360,949
 Series D, 5% 8/15/37
 
5,000,000
5,797,832
Massachusetts Spl. Oblig. Dedicated Tax Rev. Series 2005:
 
 
 
 5.5% 1/1/27 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
2,500,000
3,061,460
 5.5% 1/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
2,575,000
3,233,507
 5.5% 1/1/30 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
19,080,000
24,910,692
 5.5% 1/1/34 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
14,770,000
19,944,742
Massachusetts State College Bldg. Auth. Rev.:
 
 
 
 Series 2002 A, 0% 5/1/22 (Escrowed to Maturity)
 
2,250,000
2,246,972
 Series 2003 B, 0% 5/1/28 (Assured Guaranty Corp. Insured)
 
6,080,000
5,534,098
 Series 2014 D:
 
 
 
5% 5/1/39 (Pre-Refunded to 5/1/25 @ 100)
 
 
7,575,000
8,771,995
5% 5/1/41 (Pre-Refunded to 5/1/25 @ 100)
 
 
4,515,000
5,228,456
 Series 2016 A:
 
 
 
5% 5/1/38 (Pre-Refunded to 5/1/25 @ 100)
 
 
6,450,000
7,469,223
5% 5/1/41 (Pre-Refunded to 5/1/25 @ 100)
 
 
2,960,000
3,427,737
5% 5/1/49 (Pre-Refunded to 5/1/25 @ 100)
 
 
7,015,000
8,123,504
Massachusetts Tpk. Auth. Metropolitan Hwy. Sys. Rev.:
 
 
 
 Series 1997 C, 0% 1/1/23 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
1,800,000
1,789,910
 Sr. Series A:
 
 
 
0% 1/1/25 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
 
5,110,000
4,987,633
0% 1/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
 
7,700,000
7,080,595
0% 1/1/29 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
 
33,195,000
29,760,353
Massachusetts Wtr. Resources Auth. Wtr. & Swr. Rev.:
 
 
 
 Series 2016 B, 5% 8/1/40
 
4,625,000
5,490,782
 Series 2016 C:
 
 
 
5% 8/1/34
 
 
10,000,000
11,894,401
5% 8/1/35
 
 
12,550,000
14,925,318
5% 8/1/40
 
 
20,500,000
24,337,522
 Series 2020 B:
 
 
 
5% 8/1/41
 
 
3,155,000
4,041,979
5% 8/1/42
 
 
7,415,000
9,467,705
Natick Gen. Oblig. Series 2020, 5% 6/15/29
 
1,755,000
2,263,411
Reading Gen. Oblig. Series 2012, 5% 2/1/22
 
1,245,000
1,259,926
Springfield Gen. Oblig. Series 2017, 5% 3/1/25
 
2,420,000
2,783,174
Univ. of Massachusetts Bldg. Auth. Facilities Rev.:
 
 
 
 (Bldg. Auth. Proj.) Series 2015 1:
 
 
 
5% 11/1/27
 
 
3,500,000
4,086,766
5% 11/1/28
 
 
6,000,000
6,997,084
5% 11/1/29
 
 
6,230,000
7,246,324
5% 11/1/30
 
 
6,000,000
6,971,968
 Series 2014 1:
 
 
 
5% 11/1/44 (Pre-Refunded to 11/1/24 @ 100)
 
 
9,620,000
10,955,826
5% 11/1/44 (Pre-Refunded to 11/1/24 @ 100)
 
 
2,000,000
2,276,366
 Series 2020 1, 5% 11/1/50
 
4,015,000
5,001,367
Univ. of Massachusetts Bldg. Auth. Rev. Series 2019 1:
 
 
 
 5% 5/1/34
 
600,000
757,458
 5% 5/1/35
 
2,000,000
2,520,186
 5% 5/1/36
 
3,400,000
4,272,655
 5% 5/1/37
 
3,200,000
4,012,036
 5% 5/1/38
 
3,000,000
3,754,229
 5% 5/1/39
 
2,000,000
2,497,795
Worcester Gen. Oblig. Series 2021, 5% 2/15/27
 
1,575,000
1,921,819
TOTAL MASSACHUSETTS
 
 
2,231,905,666
Puerto Rico - 0.2%
 
 
 
Puerto Rico Hsg. Fin. Auth. Series 2020, 5% 12/1/27
 
4,435,000
5,381,025
 
 
 
 
 
TOTAL MUNICIPAL BONDS
 (Cost $2,124,875,308)
 
 
 
2,237,286,691
 
 
 
 
Municipal Notes - 0.4%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 0.4%
 
 
 
Massachusetts Dev. Fin. Agcy. Rev. Series R, 0.03% 11/1/21 (Liquidity Facility U.S. Bank NA, Cincinnati), VRDN (b)
  (Cost $8,600,000)
 
8,600,000
8,600,000
 
 
 
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 95.9%
 (Cost $2,133,475,308)
 
 
 
2,245,886,691
NET OTHER ASSETS (LIABILITIES) - 4.1%  
96,427,233
NET ASSETS - 100.0%
2,342,313,924
 
 
Security Type Abbreviations
VRDN
-
VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)
 
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)
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 $25,333,353 or 1.1% of net assets.
 
(d)
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
 
(e)
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
 
 
 
 
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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, 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 vendors or from brokers who make markets in such securities. Municipal Bonds and Municipal Notes 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.
 
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.
 
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