0001752724-23-145863.txt : 20230627 0001752724-23-145863.hdr.sgml : 20230627 20230627124841 ACCESSION NUMBER: 0001752724-23-145863 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230430 FILED AS OF DATE: 20230627 DATE AS OF CHANGE: 20230627 PERIOD START: 20240131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY MASSACHUSETTS MUNICIPAL TRUST CENTRAL INDEX KEY: 0000357057 IRS NUMBER: 042760270 STATE OF INCORPORATION: MA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03361 FILM NUMBER: 231045431 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MASSACHUSETTS TAX FREE FUND MASS FREE DATE OF NAME CHANGE: 19831024 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MASSACHUSETTS TAX EXEMPT MONEY MARKET TRUST DATE OF NAME 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Fixed 0.05000000 N N N N N N ATTLEBORO MASS N/A ATTLEB MA 2.625% 10/15/2050 0498435J0 6880000.00000000 PA USD 4712169.79000000 0.243201394276 Long DBT MUN US N 2 2050-10-15 Fixed 0.02625000 N N N N N N MASSACHUSETTS ST PORT AUTH REV N/A MA PORT 5% 7/1/2029 @ 575896MU6 1270000.00000000 PA USD 1295338.15000000 0.066854136879 Long DBT MUN US N 2 2029-07-01 Fixed 0.05000000 N N N N N N MASSACHUSETTS DEVELOPMENT FINANCE AGENCY N/A MASS DEVEL FIN 5% 7/1/2052 57584Y4J5 2300000.00000000 PA USD 2297398.70000000 0.118571824010 Long DBT MUN US N 2 2052-07-01 Fixed 0.05000000 N N N N N N MASSACHUSETTS ST N/A MA ST 3% 3/1/48 57582RA89 5000000.00000000 PA USD 3974254.50000000 0.205116597805 Long DBT MUN US N 2 2048-03-01 Fixed 0.03000000 N N N N N N MASSACHUSETTS DEVELOPMENT FINANCE AGENCY N/A MASS DEVEL FIN 5% 9/1/2038 57584YHG7 4805000.00000000 PA USD 4747269.37000000 0.245012930611 Long DBT MUN US N 2 2038-09-01 Fixed 0.05000000 N N N N N N MASSACHUSETTS DEVELOPMENT FINANCE AGENCY N/A MASS DEVEL FIN 5% 7/15/2036 57584YF38 235000.00000000 PA USD 222733.49000000 0.011495573745 Long DBT MUN US N 2 2036-07-15 Fixed 0.05000000 N N N N N N MASSACHUSETTS ST DEV FIN AGY REV N/A MA DFA AGC 0% 1/1/40 57583RXY6 5000000.00000000 PA USD 2517685.00000000 0.129941095001 Long DBT MUN US N 2 2040-01-01 Fixed 0.00000000 N N N N N N MASSACHUSETTS ST N/A MASSACHUSETTS ST FGIC 57582PCV0 6840000.00000000 PA USD 6668049.92000000 0.344146987463 Long DBT MUN US N 2 2037-05-01 Variable 0.03795000 N N N N N N MASSACHUSETTS ST DEV FIN AGY REV N/A MA DFA 5% 1/1/2036 57584X5G2 1000000.00000000 PA USD 1025135.20000000 0.052908600723 Long DBT MUN US N 2 2036-01-01 Fixed 0.05000000 N N N N N N MASSACHUSETTS DEVELOPMENT FINANCE AGENCY N/A MASS DEVEL FIN 5% 9/1/2043 57584YHH5 4445000.00000000 PA USD 4221760.54000000 0.217890716036 Long DBT MUN US N 2 2043-09-01 Fixed 0.05000000 N N N N N N MASSACHUSETTS ST TPK AUTH MET HWY SYS REV N/A MASSACHUSETTS ST TPK AUTH MET HWY SYS REV CAP APPREC-SR-SER A MBIA 576018AL9 33195000.00000000 PA USD 27400613.58000000 1.414182366861 Long DBT MUN US N 2 2029-01-01 Fixed 0.00000000 N N N N N N BERKSHIRE WIND PWR COOP CORP MASS REV N/A BERKSHIRE WIND 5% 7/1/2025 084719AZ6 505000.00000000 PA USD 526994.87000000 0.027198911090 Long DBT MUN US N 2 2025-07-01 Fixed 0.05000000 N N N N N N MASSACHUSETTS ST DEV FIN AGY REV N/A MA DFA SER H-1 5% 7/1/26 57584XDA6 3585000.00000000 PA USD 3720086.03000000 0.191998622639 Long DBT MUN US N 2 2026-07-01 Fixed 0.05000000 N N N N N N PUERTO RICO COMWLTH N/A PR ST 5.625% 7/1/2029 74514L3H8 1925000.00000000 PA USD 2035012.60000000 0.105029725953 Long DBT MUN US N 2 2029-07-01 Fixed 0.05625000 N N N N N N 2023-05-30 Laura M. Del Prato Laura M. Del Prato Laura M. Del Prato President and Treasurer XXXX NPORT-EX 2 QTLY_70_20230430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Massachusetts Municipal Income Fund
April 30, 2023
MFL-NPRT1-0623
1.800349.119
Municipal Bonds - 84.0%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 82.8%
 
 
 
Ashland Gen. Oblig. Series 2022, 4% 8/1/39
 
1,685,000
1,737,316
Attleboro Gen. Oblig.:
 
 
 
 Series 2020 B, 3% 10/15/36
 
2,630,000
2,416,148
 Series 2020, 2.625% 10/15/50
 
6,880,000
4,712,170
 Series 70 B, 5% 10/15/29
 
1,585,000
1,784,519
Berkshire Wind Pwr. Coop. Corp. Series 2017 2:
 
 
 
 5% 7/1/25
 
505,000
526,995
 5% 7/1/26
 
925,000
984,377
 5% 7/1/27
 
700,000
761,760
 5% 7/1/30
 
480,000
525,490
Braintree Gen. Oblig. Series 2015, 5% 5/15/28
 
600,000
671,952
Cambridge Gen. Oblig. Series 12, 5% 1/1/24
 
340,000
340,502
Framingham Gen. Oblig. Series 2012 A, 4% 12/1/24
 
1,360,000
1,361,064
Lowell Gen. Oblig. Series 2019, 5% 9/1/29
 
700,000
786,242
Lynn Wtr. & Swr. Commission Gen. Rev. Series 2003 A, 5% 12/1/32 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
440,000
440,598
Massachusetts Bay Trans. Auth. Sales Tax Rev. Series 2020 B1, 5% 7/1/50
 
2,750,000
2,906,644
Massachusetts Clean Wtr. Trust:
 
 
 
 Series 2021 23A:
 
 
 
5% 2/1/39
 
 
5,000,000
5,686,348
5% 2/1/40
 
 
4,750,000
5,374,120
 Series 2021 23B, 5% 2/1/39
 
12,940,000
14,716,267
 Series 2021 B, 5% 2/1/41
 
2,000,000
2,254,277
 Series 22, 5% 8/1/37
 
4,110,000
4,609,868
 Series 6, 5.5% 8/1/30
 
410,000
410,804
Massachusetts Commonwealth Trans. Fund Rev.:
 
 
 
 (Rail Enhacement Prog.) Series 2022 A, 5% 6/1/50
 
3,500,000
3,826,830
 (Rail Enhancement & Accelerated Bridge Prog.) Series 2018 A:
 
 
 
5% 6/1/35
 
 
2,885,000
3,190,941
5% 6/1/36
 
 
3,035,000
3,334,454
 (Rail Enhancement & Accelerated Bridge Programs) Series 2019 A, 5% 6/1/49
 
24,600,000
26,416,870
 (Rail Enhancement & Accelerated Bridge Progs.) Series 2018 A, 5.25% 6/1/43
 
14,575,000
15,816,124
 (Rail Enhancement Prog.) Series 2021 B:
 
 
 
5% 6/1/41
 
 
6,000,000
6,468,154
5% 6/1/42
 
 
15,370,000
16,934,322
 Series 2021 A:
 
 
 
5% 6/1/41
 
 
8,140,000
9,109,465
5% 6/1/42
 
 
5,750,000
6,407,284
5% 6/1/43
 
 
3,000,000
3,336,651
5% 6/1/51
 
 
5,435,000
5,880,884
 Series 2021 B, 5% 6/1/46
 
7,615,000
8,292,299
 Series 2022 B, 5% 6/1/52
 
20,000,000
22,010,308
Massachusetts Dept. of Trans. Metropolitan Hwy. Sys. Rev.:
 
 
 
 Series A:
 
 
 
5% 1/1/35
 
 
3,500,000
3,885,662
5% 1/1/37
 
 
2,000,000
2,188,304
 Series C, 5% 1/1/34
 
8,585,000
9,696,617
Massachusetts Dev. Fin. Agcy. Rev.:
 
 
 
 (Boston College Proj.) Series T:
 
 
 
5% 7/1/37
 
 
1,415,000
1,530,509
5% 7/1/38
 
 
3,685,000
3,970,822
5% 7/1/39
 
 
4,450,000
4,775,852
5% 7/1/42
 
 
2,805,000
2,985,415
 (Broad Institute Proj.) Series 2017:
 
 
 
5% 4/1/33
 
 
10,145,000
11,116,610
5% 4/1/34
 
 
2,500,000
2,732,874
5% 4/1/35
 
 
2,455,000
2,672,805
5% 4/1/37
 
 
1,500,000
1,617,242
 (Broad Institute Proj.) Series 2017, 5% 4/1/36
 
2,205,000
2,388,435
 (Lesley Univ. Proj.) Series 2016:
 
 
 
5% 7/1/29
 
 
1,640,000
1,699,273
5% 7/1/32
 
 
1,905,000
1,967,251
 (Newbridge On The Charles Proj.) Series 2017:
 
 
 
4% 10/1/24 (b)
 
 
500,000
498,966
4% 10/1/25 (b)
 
 
500,000
497,712
4% 10/1/26 (b)
 
 
500,000
496,052
4% 10/1/27 (b)
 
 
350,000
345,809
5% 10/1/37 (b)
 
 
1,000,000
1,002,310
5% 10/1/47 (b)
 
 
1,000,000
930,679
 (Partners Healthcare Sys., Inc. Proj.) Series 2017 S:
 
 
 
5% 7/1/25
 
 
1,000,000
1,044,197
5% 7/1/31
 
 
21,180,000
23,118,455
5% 7/1/32
 
 
985,000
1,074,566
5% 7/1/34
 
 
750,000
815,189
 (Suffolk Univ. Proj.) Series 2017:
 
 
 
5% 7/1/23
 
 
2,420,000
2,424,059
5% 7/1/24
 
 
2,000,000
2,027,412
5% 7/1/25
 
 
1,500,000
1,534,571
5% 7/1/26
 
 
1,935,000
2,005,139
5% 7/1/27
 
 
2,085,000
2,190,057
5% 7/1/28
 
 
4,300,000
4,522,802
 (Suffolk Univ., Proj.) Series 2017, 5% 7/1/32
 
1,000,000
1,048,885
 (UMASS Boston Student Hsg. Proj.) Series 2016:
 
 
 
5% 10/1/29
 
 
3,120,000
3,187,550
5% 10/1/30
 
 
1,100,000
1,122,412
5% 10/1/31
 
 
1,200,000
1,223,301
5% 10/1/32
 
 
1,240,000
1,263,299
5% 10/1/33
 
 
1,235,000
1,256,765
 (UMass Memorial Health Care Proj.) Series K:
 
 
 
5% 7/1/28
 
 
1,260,000
1,323,687
5% 7/1/29
 
 
1,320,000
1,389,068
5% 7/1/30
 
 
1,390,000
1,462,819
5% 7/1/38
 
 
3,750,000
3,848,976
 (Univ. of Massachusetts Health Cr., Inc. Proj.) Series 2017 L, 4% 7/1/44
 
7,000,000
6,445,153
 (Wentworth Institute of Technology Proj.) Series 2017:
 
 
 
5% 10/1/34
 
 
1,425,000
1,460,043
5% 10/1/35
 
 
1,495,000
1,525,513
5% 10/1/46
 
 
4,250,000
4,228,359
 (Wheaton College, MA. Proj.) Series 2017 H:
 
 
 
5% 1/1/29
 
 
1,435,000
1,503,777
5% 1/1/31
 
 
1,580,000
1,650,310
5% 1/1/32
 
 
1,665,000
1,734,864
5% 1/1/33
 
 
1,745,000
1,813,999
5% 1/1/34
 
 
1,835,000
1,897,979
5% 1/1/35
 
 
1,000,000
1,032,353
5% 1/1/36
 
 
1,000,000
1,025,135
5% 1/1/42
 
 
5,775,000
5,805,199
5% 1/1/47
 
 
1,895,000
1,888,583
5% 1/1/53
 
 
3,425,000
3,367,317
 Bonds Series A1, 5%, tender 1/31/30 (c)
 
15,280,000
17,228,856
 Series 2008 B:
 
 
 
0% 1/1/37 (Assured Guaranty Corp. Insured)
 
 
1,745,000
1,036,333
0% 1/1/40 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,517,685
0% 1/1/41 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,392,034
0% 1/1/42 (Assured Guaranty Corp. Insured)
 
 
5,000,000
2,284,280
 Series 2013 F:
 
 
 
4% 7/1/32
 
 
2,050,000
2,050,732
4% 7/1/43
 
 
21,685,000
19,485,219
5% 7/1/27
 
 
1,300,000
1,302,659
5% 7/1/37
 
 
3,925,000
3,930,548
 Series 2013 G, 5% 7/1/44
 
10,360,000
10,057,766
 Series 2014 A:
 
 
 
5% 3/1/32
 
 
1,700,000
1,726,397
5% 3/1/33
 
 
1,250,000
1,268,997
5% 3/1/34
 
 
4,375,000
4,438,965
5% 3/1/39
 
 
4,000,000
4,042,707
 Series 2014 F:
 
 
 
5% 7/15/23
 
 
350,000
350,521
5% 7/15/24
 
 
400,000
400,913
5% 7/15/25
 
 
550,000
551,152
5% 7/15/26
 
 
500,000
501,195
5% 7/15/27
 
 
200,000
200,526
5% 7/15/28
 
 
320,000
320,891
5.625% 7/15/36
 
 
800,000
800,669
5.75% 7/15/43
 
 
4,700,000
4,703,584
 Series 2015 D, 5% 7/1/44
 
5,975,000
6,040,621
 Series 2015 H1:
 
 
 
5% 7/1/26
 
 
3,585,000
3,720,086
5% 7/1/29
 
 
3,750,000
3,911,015
5% 7/1/30
 
 
1,800,000
1,877,357
5% 7/1/31
 
 
1,190,000
1,241,047
5% 7/1/32
 
 
1,000,000
1,042,619
5% 7/1/33
 
 
1,000,000
1,041,462
 Series 2015 K, 4% 10/1/30
 
500,000
500,279
 Series 2015 Q:
 
 
 
5% 8/15/28
 
 
1,000,000
1,046,120
5% 8/15/29
 
 
1,000,000
1,045,894
5% 8/15/32
 
 
1,500,000
1,566,808
5% 8/15/33
 
 
1,550,000
1,617,287
5% 8/15/34
 
 
1,790,000
1,863,275
5% 8/15/38
 
 
1,690,000
1,746,705
 Series 2015:
 
 
 
5% 1/1/25
 
 
3,525,000
3,576,445
5% 1/1/27
 
 
2,695,000
2,757,997
5% 1/1/28
 
 
1,850,000
1,895,214
5% 1/1/29
 
 
2,945,000
3,008,197
 Series 2016 A:
 
 
 
5% 1/1/31
 
 
5,000
5,204
5.25% 1/1/42
 
 
7,000,000
7,127,337
 Series 2016 E:
 
 
 
5% 7/1/31
 
 
1,000,000
1,051,324
5% 7/1/32
 
 
2,200,000
2,305,285
5% 7/1/33
 
 
1,500,000
1,566,094
5% 7/1/34
 
 
1,500,000
1,558,616
5% 7/1/35
 
 
1,500,000
1,548,527
5% 7/1/36
 
 
1,000,000
1,024,981
5% 7/1/37
 
 
2,000,000
2,037,127
 Series 2016 I:
 
 
 
5% 7/1/25
 
 
510,000
523,034
5% 7/1/27
 
 
1,150,000
1,202,156
5% 7/1/27
 
 
1,100,000
1,152,243
5% 7/1/29
 
 
1,680,000
1,766,323
5% 7/1/30
 
 
2,400,000
2,511,677
5% 7/1/31
 
 
2,500,000
2,617,575
5% 7/1/32
 
 
1,960,000
2,049,004
5% 7/1/34
 
 
3,035,000
3,211,275
5% 7/1/36
 
 
2,000,000
2,099,580
5% 7/1/37
 
 
1,470,000
1,537,968
5% 7/1/38
 
 
1,000,000
1,043,798
5% 7/1/41
 
 
14,790,000
15,027,646
 Series 2016 N:
 
 
 
5% 12/1/34
 
 
1,000,000
1,061,551
5% 12/1/36
 
 
2,520,000
2,642,672
 Series 2016:
 
 
 
4% 10/1/36
 
 
1,250,000
1,261,142
5% 7/1/26
 
 
1,710,000
1,782,875
5% 7/1/29
 
 
2,000,000
2,098,466
5% 7/1/30
 
 
2,000,000
2,097,351
5% 7/1/31
 
 
1,700,000
1,781,512
5% 10/1/32
 
 
1,760,000
1,862,512
5% 9/1/33
 
 
475,000
501,469
5% 10/1/33
 
 
1,500,000
1,585,236
5% 10/1/34
 
 
1,500,000
1,581,759
5% 9/1/35
 
 
375,000
395,896
5% 10/1/35
 
 
1,500,000
1,575,761
5% 7/1/36
 
 
3,000,000
3,101,019
5% 9/1/36
 
 
315,000
331,839
5% 9/1/37
 
 
840,000
873,466
5% 10/1/37
 
 
2,000,000
2,083,152
5% 10/1/39
 
 
5,000,000
5,183,700
5% 7/1/40
 
 
5,325,000
5,499,097
5% 7/1/41
 
 
5,145,000
5,221,601
5% 10/1/43
 
 
5,000,000
5,029,420
5% 9/1/46
 
 
3,235,000
3,373,656
5% 10/1/48
 
 
6,000,000
5,685,877
5% 9/1/52
 
 
7,115,000
7,270,487
 Series 2017 A:
 
 
 
5% 1/1/35
 
 
2,000,000
2,079,297
5% 1/1/40
 
 
1,000,000
1,017,399
 Series 2017 H:
 
 
 
5% 1/1/24
 
 
260,000
262,584
5% 1/1/24 (Escrowed to Maturity)
 
 
840,000
849,787
 Series 2017:
 
 
 
5% 7/1/25
 
 
1,105,000
1,145,589
5% 7/1/26
 
 
160,000
164,932
5% 7/1/27
 
 
1,000,000
1,079,230
5% 10/1/28
 
 
465,000
505,354
5% 10/1/29
 
 
735,000
797,073
5% 7/1/37
 
 
600,000
611,138
5% 7/1/42
 
 
2,110,000
2,125,087
5% 10/1/42
 
 
4,000,000
4,169,831
5% 7/1/47
 
 
2,250,000
2,255,448
5% 10/1/47
 
 
5,510,000
5,660,212
 Series 2018 J2, 5% 7/1/48
 
2,365,000
2,449,988
 Series 2018:
 
 
 
5% 9/1/27
 
 
1,010,000
1,036,436
5% 9/1/29
 
 
1,390,000
1,426,162
5% 1/1/30
 
 
10,000
10,524
5% 9/1/31
 
 
1,530,000
1,564,387
5% 9/1/33
 
 
1,185,000
1,205,794
5% 9/1/38
 
 
4,805,000
4,747,269
5% 6/1/43
 
 
4,740,000
5,009,453
5% 9/1/43
 
 
4,445,000
4,221,761
 Series 2019 A:
 
 
 
5% 7/1/30
 
 
1,350,000
1,413,995
5% 7/1/31
 
 
1,350,000
1,412,345
5% 7/1/32
 
 
2,000,000
2,088,969
5% 7/1/33
 
 
2,300,000
2,399,462
5% 7/1/34
 
 
1,400,000
1,454,524
5% 7/1/34
 
 
1,015,000
1,062,645
5% 7/1/36
 
 
1,120,000
1,156,026
5% 7/1/38
 
 
735,000
751,634
5% 7/1/44
 
 
2,250,000
2,265,388
5% 7/1/49
 
 
7,250,000
7,244,585
 Series 2019 K:
 
 
 
5% 7/1/23
 
 
500,000
500,930
5% 7/1/24
 
 
500,000
507,767
5% 7/1/25
 
 
1,250,000
1,294,589
5% 7/1/26
 
 
1,250,000
1,317,828
5% 7/1/33
 
 
2,000,000
2,218,194
5% 7/1/35
 
 
2,135,000
2,344,419
 Series 2019 S1:
 
 
 
5% 10/1/25
 
 
1,965,000
2,063,312
5% 10/1/26
 
 
2,535,000
2,727,304
 Series 2019 S2:
 
 
 
5% 10/1/32
 
 
1,410,000
1,579,174
5% 10/1/33
 
 
1,935,000
2,163,492
5% 10/1/34
 
 
2,165,000
2,410,669
 Series 2020 A:
 
 
 
4% 7/1/39
 
 
2,455,000
2,301,430
4% 7/1/40
 
 
7,920,000
7,333,216
 Series 2021 A:
 
 
 
4% 7/1/34
 
 
1,000,000
1,033,864
4% 7/1/35
 
 
1,000,000
1,021,545
4% 7/1/36
 
 
825,000
834,289
4% 7/1/37
 
 
1,000,000
1,001,101
4% 7/1/38
 
 
700,000
690,306
4% 7/1/39
 
 
1,400,000
1,367,261
5% 7/1/32
 
 
1,000,000
1,151,607
 Series 2021 B:
 
 
 
4% 7/1/42
 
 
475,000
423,227
4% 7/1/50
 
 
2,135,000
1,790,405
 Series 2021:
 
 
 
4% 7/1/40
 
 
4,160,000
3,584,731
4% 7/1/45
 
 
1,200,000
977,619
4% 7/1/50
 
 
1,750,000
1,371,628
 Series 2022:
 
 
 
5% 7/1/37
 
 
800,000
831,948
5% 7/1/42
 
 
740,000
750,728
5% 7/1/52
 
 
2,300,000
2,297,399
 Series A:
 
 
 
4% 6/1/49 (Pre-Refunded to 6/1/29 @ 100)
 
 
13,440,000
14,708,776
5% 6/1/39 (Pre-Refunded to 6/1/29 @ 100)
 
 
6,760,000
7,779,381
 Series B, 0% 1/1/39 (Assured Guaranty Corp. Insured)
 
3,200,000
1,699,678
 Series G:
 
 
 
5% 7/15/23 (b)
 
 
120,000
120,179
5% 7/15/24 (b)
 
 
130,000
131,308
5% 7/15/25 (b)
 
 
120,000
120,486
5% 7/15/26 (b)
 
 
160,000
161,131
5% 7/15/27 (b)
 
 
170,000
171,660
5% 7/1/28
 
 
350,000
379,993
5% 7/15/28 (b)
 
 
175,000
176,873
5% 7/15/29 (b)
 
 
320,000
323,111
5% 7/1/30
 
 
225,000
251,747
5% 7/15/30 (b)
 
 
320,000
321,632
5% 7/15/31 (b)
 
 
350,000
351,698
5% 7/15/32 (b)
 
 
400,000
399,059
5% 7/1/33
 
 
550,000
610,402
5% 7/15/33 (b)
 
 
320,000
316,034
5% 7/1/34
 
 
250,000
276,818
5% 7/15/34 (b)
 
 
300,000
291,870
5% 7/15/35 (b)
 
 
270,000
259,544
5% 7/1/36
 
 
475,000
513,712
5% 7/15/36 (b)
 
 
235,000
222,733
5% 7/1/37
 
 
1,275,000
1,366,346
5% 7/15/37 (b)
 
 
250,000
234,106
5% 7/15/46 (b)
 
 
9,540,000
8,334,216
5% 7/1/50
 
 
4,700,000
4,767,490
 Series J2:
 
 
 
5% 7/1/43
 
 
11,540,000
12,040,311
5% 7/1/53
 
 
4,500,000
4,625,247
 Series K, 5% 7/1/27
 
1,150,000
1,205,055
Massachusetts Edl. Fing. Auth. Rev.:
 
 
 
 Series 2014 I:
 
 
 
5% 1/1/25 (d)
 
 
2,660,000
2,713,863
5% 1/1/27 (d)
 
 
1,000,000
1,019,439
 Series 2015 A, 5% 1/1/25 (d)
 
5,450,000
5,539,201
 Series 2016, 5% 7/1/24 (d)
 
7,120,000
7,213,528
 Series 2017 A:
 
 
 
5% 7/1/23 (d)
 
 
2,500,000
2,504,608
5% 7/1/24 (d)
 
 
3,000,000
3,041,118
5% 7/1/25 (d)
 
 
4,500,000
4,629,167
5% 7/1/26 (d)
 
 
3,935,000
4,108,692
 Series 2018 B:
 
 
 
5% 7/1/27 (d)
 
 
9,240,000
9,738,423
5% 7/1/28 (d)
 
 
2,325,000
2,480,848
 Series 2019 B:
 
 
 
5% 7/1/23 (d)
 
 
500,000
500,955
5% 7/1/24 (d)
 
 
1,000,000
1,013,706
5% 7/1/25 (d)
 
 
1,365,000
1,404,181
5% 7/1/26 (d)
 
 
1,215,000
1,268,631
5% 7/1/28 (d)
 
 
1,000,000
1,071,906
5% 7/1/29 (d)
 
 
3,500,000
3,785,507
 Series 2020 C:
 
 
 
5% 7/1/28 (d)
 
 
2,000,000
2,143,811
5% 7/1/29 (d)
 
 
1,950,000
2,109,068
5% 7/1/30 (d)
 
 
1,950,000
2,132,052
 Series 2021 B:
 
 
 
5% 7/1/27 (d)
 
 
1,950,000
2,069,913
5% 7/1/28 (d)
 
 
1,850,000
1,983,026
5% 7/1/29 (d)
 
 
1,825,000
1,973,872
5% 7/1/30 (d)
 
 
1,125,000
1,230,030
5% 7/1/31 (d)
 
 
1,500,000
1,656,546
Massachusetts Gen. Oblig.:
 
 
 
 Series 2004 A, 5.5% 8/1/30
 
2,000,000
2,382,968
 Series 2007 A, 3 month U.S. LIBOR + 0.570% 3.795% 5/1/37 (c)(e)
 
6,840,000
6,668,050
 Series 2018 B, 5% 1/1/32
 
5,000,000
5,541,440
 Series 2019 A:
 
 
 
5% 1/1/35
 
 
5,000,000
5,620,454
5% 1/1/37
 
 
10,000,000
11,045,200
5% 1/1/49
 
 
10,000,000
10,676,911
5.25% 1/1/33
 
 
21,110,000
24,169,949
 Series 2019 D, 3% 5/1/36
 
5,000,000
4,638,281
 Series 2020 C:
 
 
 
3% 3/1/47
 
 
5,810,000
4,650,108
3% 3/1/49
 
 
5,000,000
3,943,903
 Series 2020 D:
 
 
 
3% 7/1/35
 
 
3,000,000
2,849,342
3% 7/1/39
 
 
3,460,000
3,059,824
3% 11/1/42
 
 
3,500,000
2,933,469
4% 11/1/36
 
 
1,500,000
1,571,351
4% 11/1/41
 
 
4,000,000
4,047,104
5% 7/1/48
 
 
18,695,000
20,325,253
 Series 2021 B:
 
 
 
3% 4/1/48
 
 
21,500,000
17,083,287
3% 4/1/49
 
 
13,500,000
10,644,935
 Series 2021 C:
 
 
 
3% 9/1/34
 
 
2,300,000
2,204,655
3% 9/1/36
 
 
5,000,000
4,624,518
 Series 2021 D:
 
 
 
5% 9/1/48
 
 
6,880,000
7,563,961
5% 9/1/49
 
 
50,000,000
54,866,370
5% 9/1/50
 
 
1,785,000
1,956,068
 Series 2022 B, 3% 2/1/48
 
38,250,000
30,414,155
 Series 2022 C, 5.25% 10/1/52
 
1,690,000
1,902,739
 Series 2022 E:
 
 
 
5% 11/1/49
 
 
13,805,000
15,307,368
5% 11/1/52
 
 
52,445,000
57,920,562
 Series B:
 
 
 
5% 7/1/33
 
 
3,500,000
4,069,386
5% 7/1/34
 
 
2,000,000
2,316,273
 Series C, 3% 3/1/48
 
5,000,000
3,974,255
 Series D, 5% 7/1/45
 
3,415,000
3,730,618
 Series E:
 
 
 
5% 9/1/29
 
 
7,115,000
8,029,462
5% 11/1/45
 
 
8,065,000
8,841,114
5% 11/1/50
 
 
23,480,000
25,535,507
Massachusetts Hsg. Fin. Agcy. Hsg. Rev.:
 
 
 
 Series 183, 3.5% 12/1/46
 
470,000
465,360
 Series 2011, 3.5% 12/1/49
 
2,920,000
2,881,917
 Series 2017, 4% 6/1/43 (d)
 
690,000
683,786
 Series 2020 A, 0.875% 12/1/23
 
1,990,000
1,962,593
 Series 207, 4% 6/1/49
 
1,535,000
1,532,114
 Series 214, 3.75% 12/1/49
 
4,060,000
4,030,329
 Series 218, 3% 12/1/50
 
1,640,000
1,594,258
Massachusetts Hsg. Fin. Agcy. Multi-Family Rev. Series 2018 A, 3.7% 12/1/38
 
500,000
476,386
Massachusetts Hsg. Fin. Auth.:
 
 
 
 Series 2021 221, 3% 12/1/50
 
3,515,000
3,409,464
 Series 2021 A2:
 
 
 
0.4% 6/1/24
 
 
875,000
844,636
0.45% 12/1/24
 
 
1,000,000
952,676
 Series 2021 B1, 2.875% 12/1/51
 
4,000,000
2,774,042
 Series 2021, 3% 6/1/51
 
3,750,000
3,626,861
 Series 2022 224, 5% 6/1/50
 
1,750,000
1,824,913
 Series 220:
 
 
 
3% 12/1/50
 
 
3,070,000
2,982,302
5% 6/1/23
 
 
300,000
300,340
5% 12/1/23
 
 
100,000
100,922
5% 6/1/24
 
 
150,000
152,672
5% 12/1/24
 
 
215,000
221,062
5% 6/1/25
 
 
425,000
441,843
5% 12/1/25
 
 
150,000
157,602
5% 6/1/26
 
 
100,000
106,075
5% 12/1/26
 
 
125,000
134,046
5% 6/1/27
 
 
100,000
108,229
5% 12/1/27
 
 
185,000
202,302
5% 6/1/28
 
 
75,000
82,682
5% 12/1/28
 
 
230,000
255,456
5% 6/1/29
 
 
100,000
112,126
Massachusetts Port Auth. Rev.:
 
 
 
 Series 2014 B, 5% 7/1/29 (d)
 
1,270,000
1,295,338
 Series 2014 C:
 
 
 
5% 7/1/28
 
 
3,000,000
3,069,177
5% 7/1/29
 
 
4,205,000
4,299,562
 Series 2015 A:
 
 
 
5% 7/1/28
 
 
460,000
480,435
5% 7/1/28 (d)
 
 
500,000
518,372
5% 7/1/29 (d)
 
 
1,245,000
1,290,498
5% 7/1/30 (d)
 
 
1,450,000
1,503,046
5% 7/1/40 (d)
 
 
2,000,000
2,039,711
5% 7/1/45 (d)
 
 
3,500,000
3,545,720
 Series 2015 B, 5% 7/1/33 (d)
 
1,015,000
1,051,252
 Series 2016 A:
 
 
 
5% 7/1/26
 
 
695,000
745,058
5% 7/1/28
 
 
760,000
814,643
 Series 2016 B:
 
 
 
4% 7/1/46 (d)
 
 
12,950,000
12,261,248
5% 7/1/43 (d)
 
 
11,410,000
11,650,131
 Series 2017 A:
 
 
 
5% 7/1/30 (d)
 
 
1,280,000
1,367,358
5% 7/1/31 (d)
 
 
1,095,000
1,169,568
5% 7/1/32 (d)
 
 
1,370,000
1,462,580
5% 7/1/33 (d)
 
 
1,250,000
1,333,258
5% 7/1/35 (d)
 
 
2,000,000
2,114,309
5% 7/1/36 (d)
 
 
1,720,000
1,808,357
5% 7/1/42 (d)
 
 
4,540,000
4,676,874
 Series 2019 A:
 
 
 
5% 7/1/24 (d)
 
 
4,140,000
4,204,783
5% 7/1/30 (d)
 
 
725,000
797,287
5% 7/1/33 (d)
 
 
2,585,000
2,836,545
5% 7/1/34 (d)
 
 
5,605,000
6,129,459
5% 7/1/37 (d)
 
 
1,100,000
1,178,528
5% 7/1/40 (d)
 
 
4,450,000
4,715,686
 Series 2019 B, 5% 7/1/44
 
5,000,000
5,398,270
 Series 2019 C:
 
 
 
5% 7/1/31 (d)
 
 
3,500,000
3,848,205
5% 7/1/32 (d)
 
 
2,700,000
2,966,557
5% 7/1/38 (d)
 
 
11,275,000
12,041,526
5% 7/1/39 (d)
 
 
5,000,000
5,320,948
5% 7/1/49 (d)
 
 
2,500,000
2,588,983
 Series 2021 A:
 
 
 
5% 7/1/38
 
 
2,125,000
2,403,790
5% 7/1/39
 
 
1,125,000
1,266,816
5% 7/1/40
 
 
1,045,000
1,170,396
 Series 2021 B, 5% 7/1/39 (d)
 
1,325,000
1,433,669
 Series 2021 D:
 
 
 
5% 7/1/46
 
 
3,180,000
3,481,289
5% 7/1/51
 
 
5,740,000
6,230,579
 Series 2021 E:
 
 
 
5% 7/1/33 (d)
 
 
3,440,000
3,869,890
5% 7/1/40 (d)
 
 
4,000,000
4,304,925
5% 7/1/41 (d)
 
 
1,940,000
2,076,970
5% 7/1/51 (d)
 
 
11,775,000
12,317,693
 Series 2022 A:
 
 
 
5% 7/1/31 (d)
 
 
2,630,000
2,966,134
5% 7/1/36 (d)
 
 
2,450,000
2,720,159
5% 7/1/39 (d)
 
 
1,460,000
1,592,033
5% 7/1/40 (d)
 
 
2,780,000
3,013,598
Massachusetts Port Auth. Spl. Facilities Rev.:
 
 
 
 (Bosfuel Proj.) Series 2019 A:
 
 
 
5% 7/1/23 (d)
 
 
360,000
360,753
5% 7/1/24 (d)
 
 
615,000
625,187
5% 7/1/25 (d)
 
 
1,000,000
1,030,809
5% 7/1/28 (d)
 
 
1,500,000
1,621,859
5% 7/1/32 (d)
 
 
500,000
544,693
5% 7/1/34 (d)
 
 
1,250,000
1,355,354
5% 7/1/49 (d)
 
 
5,620,000
5,783,270
 Series 2019 A, 4% 7/1/44 (d)
 
5,000,000
4,733,438
Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev.:
 
 
 
 Series 2019 A, 5% 2/15/44
 
11,510,000
12,344,946
 Series 2020 A, 3% 8/15/50
 
5,030,000
3,868,979
 Series A:
 
 
 
5% 8/15/31
 
 
1,850,000
2,167,151
5% 8/15/32
 
 
1,500,000
1,755,647
5% 8/15/33
 
 
1,675,000
1,950,936
5% 8/15/34
 
 
3,000,000
3,467,862
5% 8/15/35
 
 
2,000,000
2,288,108
5% 8/15/37
 
 
1,400,000
1,576,856
5% 8/15/45
 
 
10,000,000
10,864,361
5% 8/15/50
 
 
16,615,000
17,889,643
 Series B, 5% 11/15/39
 
1,975,000
2,090,883
Massachusetts Spl. Oblig. Dedicated Tax Rev. Series 2005:
 
 
 
 5.5% 1/1/27 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
2,500,000
2,738,149
 5.5% 1/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
2,575,000
2,894,558
 5.5% 1/1/30 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
19,080,000
22,375,587
 5.5% 1/1/34 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
14,770,000
17,687,099
Massachusetts State College Bldg. Auth. Rev.:
 
 
 
 Series 1999 A, 0% 5/1/28 (Escrowed to Maturity)
 
1,700,000
1,476,814
 Series 2003 B, 0% 5/1/28 (Assured Guaranty Corp. Insured)
 
6,080,000
5,219,726
 Series 2021 A, 2% 5/1/37
 
1,060,000
821,279
 Series 2022 A:
 
 
 
4% 5/1/36
 
 
600,000
629,882
4% 5/1/38
 
 
750,000
765,938
4% 5/1/40
 
 
1,000,000
1,002,563
4% 5/1/41
 
 
625,000
625,739
4% 5/1/42
 
 
550,000
547,567
5% 5/1/32
 
 
600,000
718,719
5% 5/1/33
 
 
500,000
598,116
5% 5/1/34
 
 
500,000
595,754
Massachusetts Tpk. Auth. Metropolitan Hwy. Sys. Rev. Sr. Series A:
 
 
 
 0% 1/1/25 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
5,110,000
4,816,222
 0% 1/1/28 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
12,700,000
10,850,829
 0% 1/1/29 (Nat'l. Pub. Fin. Guarantee Corp. Insured)
 
33,195,000
27,400,614
Massachusetts Wtr. Resources Auth. Wtr. & Swr. Rev. Series 2020 B:
 
 
 
 5% 8/1/41
 
3,155,000
3,498,512
 5% 8/1/42
 
7,415,000
8,190,226
Quincy Gen. Oblig.:
 
 
 
 Series 2021, 2% 1/15/46
 
1,755,000
1,087,113
 Series 2022 B, 5% 7/1/47
 
4,995,000
5,473,522
Swampscott Gen. Oblig. Series 2022, 3% 3/1/36
 
1,000,000
935,127
Town of Tisbury Gen. Oblig. Series 2022:
 
 
 
 4% 8/15/36
 
1,780,000
1,865,579
 4% 8/15/40
 
1,995,000
2,025,185
 4% 8/15/41
 
2,085,000
2,106,211
Univ. of Massachusetts Bldg. Auth. Facilities Rev. Series 2020 1, 5% 11/1/50
 
4,015,000
4,308,127
Univ. of Massachusetts Bldg. Auth. Rev. Series 2019 1:
 
 
 
 5% 5/1/34
 
600,000
675,260
 5% 5/1/35
 
2,000,000
2,237,115
 5% 5/1/36
 
3,400,000
3,773,340
 5% 5/1/37
 
3,200,000
3,528,328
 5% 5/1/38
 
3,000,000
3,288,548
 5% 5/1/39
 
2,000,000
2,187,000
TOTAL MASSACHUSETTS
 
 
1,605,421,493
Puerto Rico - 1.2%
 
 
 
Puerto Rico Commonwealth Aqueduct & Swr. Auth. Series 2021 B, 5% 7/1/37 (b)
 
4,885,000
4,821,277
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1:
 
 
 
 0% 7/1/33
 
5,238,348
3,056,611
 5.625% 7/1/27
 
625,000
651,386
 5.625% 7/1/29
 
1,925,000
2,035,013
 5.75% 7/1/31
 
4,525,000
4,843,743
Puerto Rico Hsg. Fin. Auth. Series 2020, 5% 12/1/27
 
4,435,000
4,774,613
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev. Series 2018 A1, 0% 7/1/31
 
5,010,000
3,403,320
TOTAL PUERTO RICO
 
 
23,585,963
 
TOTAL MUNICIPAL BONDS
 (Cost $1,704,445,359)
 
 
 
1,629,007,456
 
 
 
 
Municipal Notes - 11.4%
 
 
Principal
Amount (a)
 
Value ($)
 
Massachusetts - 11.4%
 
 
 
Massachusetts Dept. of Trans. Metropolitan Hwy. Sys. Rev. Series 2022 A1, 3.97% 5/5/23 (Liquidity Facility TD Banknorth, NA), VRDN (c)
 
11,000,000
11,000,000
Massachusetts Dev. Fin. Agcy. Rev.:
 
 
 
 (Boston Univ. Proj.):
 
 
 
Series U-6C, 3.5% 5/1/23, LOC TD Banknorth, NA, VRDN (c)
 
 
38,395,000
38,395,000
Series U-6E, 3.55% 5/1/23, LOC TD Banknorth, NA, VRDN (c)
 
 
12,950,000
12,950,000
 (College of the Holy Cross Proj.) Series 2008 A, 3.7% 5/1/23, LOC Bank of America NA, VRDN (c)
 
1,200,000
1,200,000
 Series 2011 K1, 3.8% 5/5/23 (Liquidity Facility Wells Fargo Bank NA), VRDN (c)
 
5,550,000
5,550,000
Massachusetts Health & Edl. Facilities Auth. Rev.:
 
 
 
 (Baystate Health Sys. Proj.) Series 2009 J2, 3.5% 5/1/23, LOC TD Banknorth, NA, VRDN (c)
 
18,575,000
18,575,000
 (Harvard Univ. Proj.):
 
 
 
Series R, 2.6% 5/1/23, VRDN (c)
 
 
20,910,000
20,910,000
Series Y, 3.6% 5/5/23, VRDN (c)
 
 
5,000,000
5,000,000
 (Massachusetts Institute of Technology Proj.):
 
 
 
Series 2001 J1, 3.7% 5/5/23, VRDN (c)
 
 
4,545,000
4,545,000
Series 2001 J2, 3.6% 5/5/23, VRDN (c)
 
 
12,000,000
12,000,000
 (Partners HealthCare Sys., Inc. Proj.) Series 2005 F, 3.95% 5/5/23, LOC TD Banknorth, NA, VRDN (c)
 
20,490,000
20,490,000
 Series 1997 P1, 3.7% 5/5/23 (Liquidity Facility JPMorgan Chase Bank), VRDN (c)
 
12,500,000
12,500,000
 Series 2007 A1, 3.74% 5/1/23 (Liquidity Facility Bank of America NA), VRDN (c)
 
37,740,000
37,740,000
 Series 2009 K1, 3.55% 5/1/23, LOC TD Banknorth, NA, VRDN (c)
 
3,100,000
3,100,000
RIB Floater Trust Various States Participating VRDN Series 2022 D1:
 
 
 
 3.78% 5/1/23 (Liquidity Facility Barclays Bank PLC) (c)(f)(g)
 
3,000,000
3,000,000
 3.79% 5/1/23 (Liquidity Facility Barclays Bank PLC) (c)(f)(g)
 
7,500,000
7,500,000
Springfield Gen. Oblig. Participating VRDN Series XF 14 78, 3.8% 5/1/23 (Liquidity Facility JPMorgan Chase Bank) (c)(f)(g)
 
6,160,000
6,160,000
 
 
 
 
 
TOTAL MUNICIPAL NOTES
 (Cost $220,615,000)
 
 
 
220,615,000
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 95.4%
 (Cost $1,925,060,359)
 
 
 
1,849,622,456
NET OTHER ASSETS (LIABILITIES) - 4.6%  
89,826,354
NET ASSETS - 100.0%
1,939,448,810
 
 
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)
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 $20,528,445 or 1.1% of net assets.
 
(c)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(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.
 
(f)
Provides evidence of ownership in one or more underlying municipal bonds.
 
(g)
Coupon rates are determined by re-marketing agents based on current market conditions.
 
 
 
 
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 and Municipal Notes 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.
 
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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