0001145549-23-043032.txt : 20230721 0001145549-23-043032.hdr.sgml : 20230721 20230721125338 ACCESSION NUMBER: 0001145549-23-043032 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230531 FILED AS OF DATE: 20230721 DATE AS OF CHANGE: 20230721 PERIOD START: 20230831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federated Hermes Municipal Securities Income Trust CENTRAL INDEX KEY: 0000866700 IRS NUMBER: 251695291 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06165 FILM NUMBER: 231101985 BUSINESS ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 BUSINESS PHONE: 8003417400 MAIL ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED MUNICIPAL SECURITIES INCOME TRUST DATE OF NAME CHANGE: 19991029 FORMER COMPANY: FORMER CONFORMED NAME: MUNICIPAL SECURITIES INCOME TRUST DATE OF NAME CHANGE: 19921023 FORMER COMPANY: FORMER CONFORMED NAME: FEDERATED MUNICIPAL INCOME TRUST DATE OF NAME CHANGE: 19920703 0000866700 S000009094 Federated Hermes Pennsylvania Municipal Income Fund C000024704 Class A Shares PAMFX C000188345 Class T Shares C000219237 Institutional Shares PAMIX NPORT-P 1 primary_doc.xml NPORT-P false 0000866700 XXXXXXXX S000009094 C000024704 C000188345 C000219237 Federated Hermes Municipal Securities Income Trust 811-06165 0000866700 254900RAQHES8ITD1U55 Federated Hermes Funds 4000 Ericsson Drive Warrendale 15086-7561 8003417400 Federated Hermes Pennsylvania Municipal Income Fund S000009094 ZPBNK4GWWRBOLYCCE807 2023-08-31 2023-05-31 N 119048509.640000000000 1165652.380000000000 117882857.260000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 1054830.000000000000 0.000000000000 0.000000000000 45587.610000000000 USD N CUMBERLAND CNTY PA MUNI AUTH 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N N N N N N DELAWARE RIVER PORT AUTH PA & 549300OBM31KJO8JR048 Delaware River Port Authority 246352HB7 250000 PA USD 267686 0.2270779706 Long DBT MUN US N 2 2038-01-01 Fixed 5 N N N N N N CUMBERLAND CNTY PA MUNI AUTH N/A Cumberland County Municipal Authority 230614RZ4 365000 PA USD 374253.7 0.3174793254 Long DBT MUN US N 2 2038-01-01 Fixed 5 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709225GC4 400000 PA USD 447679.08 0.3797660579 Long DBT MUN US N 2 2036-12-01 Fixed 5 N N N N N N DUBOIS PA HOSP AUTH N/A DuBois Hospital Authority 263804CJ3 1000000 PA USD 893803.3 0.7582131285 Long DBT MUN US N 2 2050-07-15 Fixed 4 N N N N N N SCRANTON PA SCH DIST 549300SDNGI3OKNOUW62 SCRANTON SCHOOL DISTRICT/PA 810827XH3 1000000 PA USD 1073996.3 0.9110708079 Long DBT MUN US N 2 2035-12-01 Fixed 5 N N N N N N MONTGOMERY CNTY PA INDL DEV AU N/A Montgomery County Industrial Development Authority/PA 61360PCM0 1000000 PA USD 938398.9 0.7960435655 Long DBT MUN US N 2 2045-11-15 Fixed 5 N N N N N N DELAWARE CNTY PA REGL WTR QUAL N/A DELAWARE COUNTY REGIONAL WATER QUALITY CONTROL AUTHORITY 246045MN5 1250000 PA USD 1274474.13 1.0811361038 Long DBT MUN US N 2 2040-05-01 Fixed 5 N N N N N N LANCASTER CNTY PA SOL WST MGMT N/A LANCASTER COUNTY SOLID WASTE MANAGEMENT AUTHORITY 514059AA2 1000000 PA USD 1007533 0.8546900062 Long DBT MUN US N 2 2033-12-15 Fixed 5 N N N N N N LANCASTER PA INDL DEV AUTH N/A Lancaster Industrial Development Authority 51434NAS7 1000000 PA USD 726795.1 0.6165401118 Long DBT MUN US N 2 2051-07-01 Fixed 4 N N N N N N MONROE CNTY PA N/A County of Monroe PA 610767UE3 1260000 PA USD 1279592.62 1.0854781176 Long DBT MUN US N 2 2036-07-15 Fixed 4 N N N N N N PHILADELPHIA PA GAS WKS REVENU 549300H8UJ7V5WU5IA90 Philadelphia Gas Works Co 71783MAY1 2000000 PA USD 2058929 1.7465889849 Long DBT MUN US N 2 2042-08-01 Fixed 5 N N N N N N ALLEGHENY CNTY PA HOSP DEV AUT 54930046B973R604OG22 Allegheny County Hospital Development 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2045-12-01 Fixed 5 N N N N N N PENNSYLVANIA ST HSG FIN AGY SF 549300JZVUPNWP77SP29 Pennsylvania Housing Finance Agency 70879QUA9 1000000 PA USD 1058236 0.8977013491 Long DBT MUN US N 2 2053-10-01 Fixed 5.5 N N N N N N DELAWARE CNTY PA AUTH N/A DELAWARE COUNTY AUTHORITY 245913LV8 1000000 PA USD 1019477.8 0.8648227772 Long DBT MUN US N 2 2045-08-01 Fixed 5 N N N N N N CHARTIERS VLY PA SCH DIST N/A CHARTIERS VALLEY SCHOOL DISTRICT 161398JB9 1000000 PA USD 1033309.8 0.8765564595 Long DBT MUN US N 2 2040-10-15 Fixed 5 N N N N N N ALLEGHENY CNTY PA ARPT AUTH AR N/A Allegheny County Airport Authority 01728LFF4 1000000 PA USD 948234.3 0.8043869330 Long DBT MUN US N 2 2040-01-01 Fixed 4 N N N N N N CENTRE CNTY PA HOSP AUTH N/A CENTRE COUNTY HOSPITAL AUTHORITY 156273HD9 500000 PA USD 509177.9 0.4319354924 Long DBT MUN US N 2 2042-11-15 Fixed 5 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709225GD2 500000 PA USD 551799.95 0.4680917674 Long DBT 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MUN US N 2 2040-09-01 Fixed 4 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709224P60 1000000 PA USD 960405.2 0.8147115046 Long DBT MUN US N 2 2049-12-01 Fixed 4 N N N N N N PUERTO RICO CMWLTH 549300X44HXPLJU48U63 Commonwealth of Puerto Rico 74514L3N5 1000000 PA USD 834543.5 0.7079430541 Long DBT MUN US N 2 2041-07-01 Fixed 4 N N N N N N PITTSBURGH PA WTR & SWR AUTH 54930034DVH6W22T1E86 Pittsburgh Water & Sewer Authority 725304VA4 1500000 PA USD 1586768.4 1.3460552593 Long DBT MUN US N 2 2044-09-01 Fixed 5 N N N N N N CLAIRTON PA MUNI AUTH SWR REVE N/A CLAIRTON MUNICIPAL AUTHORITY 179630CU0 2000000 PA USD 2001181.6 1.6976018791 Long DBT MUN US N 2 2037-12-01 Fixed 5 N N N N N N PHILADELPHIA PA ARPT REVENUE N/A City of Philadelphia PA Airport Revenue 717817TP5 1000000 PA USD 1028986.4 0.8728889203 Long DBT MUN US N 2 2047-07-01 Fixed 5 N N N N N N PITTSBURGH PA PUBLIC PKG AUTH N/A Public Parking Authority Of Pittsburgh 725259MW2 610000 PA USD 624148.89 0.5294653561 Long DBT MUN US N 2 2025-12-01 Fixed 5 N N N N N N LUZERNE CNTY PA 5493001Z1Y4QDISEER29 COUNTY OF LUZERNE PA 550697WB8 1000000 PA USD 1072738.5 0.9100038164 Long DBT MUN US N 2 2029-12-15 Fixed 5 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709224K57 2000000 PA USD 2072769.4 1.7583297930 Long DBT MUN US N 2 2048-12-01 Fixed 5 N N N N N N SWARTHMORE BORO PA AUTH N/A SWARTHMORE BOROUGH AUTHORITY 870000MZ6 1000000 PA USD 1059834.2 0.8990571018 Long DBT MUN US N 2 2048-09-15 Fixed 5 N N N N N N PHILADELPHIA PA 549300IVFOPB4AG7UL47 City of Philadelphia PA 717813YV5 1000000 PA USD 1129722.2 0.9583430757 Long DBT MUN US N 2 2034-05-01 Fixed 5 N N N N N N CUMBERLAND CNTY PA MUNI AUTH N/A CUMBERLAND COUNTY MUNICIPAL AUTHORITY 230614JZ3 1000000 PA USD 1037943.5 0.8804872262 Long DBT MUN US N 2 2030-05-01 Fixed 5 N N N N N N WESTMORELAND CNTY PA MUNI AUTH N/A Westmoreland County Municipal Authority 961017QS2 740000 PA USD 747132.64 0.6337924422 Long DBT MUN US N 2 2042-08-15 Fixed 5 N N N N N N DELAWARE RIVER PORT AUTH PA & 549300OBM31KJO8JR048 Delaware River Port Authority 246352HD3 500000 PA USD 530048.35 0.4496398902 Long DBT MUN US N 2 2040-01-01 Fixed 5 N N N N N N DELAWARE CNTY PA INDL DEV AUTH N/A Delaware County Industrial Development Authority/PA 245903AB5 250000 PA USD 250000 0.2120749410 Long DBT MUN US N 2 2045-09-01 Variable 4.1 N N N N N N CMWLTH FING AUTH PA TOBACCO MA N/A COMMONWEALTH FINANCING AUTHORITY 20282EAS5 3000000 PA USD 2884531.2 2.4469471364 Long DBT MUN US N 2 2039-06-01 Fixed 4 N N N N N N PUERTO RICO CMWLTH 549300X44HXPLJU48U63 Commonwealth of Puerto Rico 74514L3M7 2000000 PA USD 1735222.2 1.4719885828 Long DBT MUN US N 2 2037-07-01 Fixed 4 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI N/A Pennsylvania Turnpike Commission Oil Franchise Tax Revenue 709221WV3 1500000 PA USD 1404629.7 1.1915470431 Long DBT MUN US N 2 2053-12-01 Fixed 4 N N N N N N SOUTHCENTRL PA GEN AUTH REVENU 549300QBNU5LBV4QX812 General Authority of Southcentral Pennsylvania 84129NML0 1050000 PA USD 1050000 0.8907147523 Long DBT MUN US N 2 2035-06-01 Variable 3.98 N N N N N N ALLEGHENY CNTY PA HGR EDU BLDG N/A Allegheny County Higher Education Building Authority 01728RMX4 530000 PA USD 574084.92 0.4869961022 Long DBT MUN US N 2 2027-08-01 Fixed 5 N N N N N N PITTSBURGH & ALLEGHENY CNTY PA N/A SPORTS & EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY 724792BP0 655000 PA USD 694765.25 0.5893691976 Long DBT MUN US N 2 2037-12-15 Fixed 5 N N N N N N PITTSBURGH PA PUBLIC PKG AUTH N/A Public Parking Authority Of Pittsburgh 725259MQ5 390000 PA USD 403299.82 0.3421191422 Long DBT MUN US N 2 2025-12-01 Fixed 5 N N N N N N PHILADELPHIA PA ARPT REVENUE N/A City of Philadelphia PA Airport Revenue 717817VE7 1000000 PA USD 977640.4 0.8293321207 Long DBT MUN US N 2 2040-07-01 Fixed 4 N N N N N N CANON MCMILLAN PA SCH DIST 549300TSKWVTE3ZD5Z12 CANON MCMILLAN SCHOOL DISTRICT 138010YC1 1000000 PA USD 1054410.3 0.8944560087 Long DBT MUN US N 2 2041-12-01 Fixed 5 N N N N N N PHILADELPHIA PA SCH DIST 254900HSKDHZKBZCUL90 SCHOOL DISTRICT OF PHILADELPHIA/THE 717883VH2 1000000 PA USD 1049249.8 0.8900783578 Long DBT MUN US N 2 2043-09-01 Fixed 5 N N N N N N CENTRE CNTY PA N/A County of Centre PA 156267MD5 500000 PA USD 560604.8 0.4755609196 Long DBT MUN US N 2 2035-07-01 Fixed 5 N N N N N N PENNSYLVANIA ST ECON DEV FING N/A Pennsylvania Economic Development Financing Authority 70870JFN3 285000 PA USD 259547.13 0.2201737691 Long DBT MUN US N 2 2053-05-15 Fixed 4 N N N N N N ALLEGHENY CNTY PA HOSP DEV AUT 54930046B973R604OG22 ALLEGHENY HOSP DEV-A 01728A4A1 2000000 PA USD 2023949.6 1.7169159681 Long DBT MUN US N 2 2047-04-01 Fixed 5 N N N N N N NORTHAMPTON CNTY PA GEN PURPOS N/A Northampton County General Purpose Authority 66353LDK0 1750000 PA USD 1808774.45 1.5343829392 Long DBT MUN US N 2 2047-11-01 Fixed 5 N N N N N N PENNSYLVANIA ST HGR EDUCTNL FA N/A Pennsylvania Higher Educational Facilities Authority 70917SD59 500000 PA USD 524667.15 0.4450750196 Long DBT MUN US N 2 2046-08-15 Fixed 5 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709224P52 1250000 PA USD 1297340.25 1.1005334280 Long DBT MUN US N 2 2044-12-01 Fixed 5 N N N N N N PENNSYLVANIA ST N/A Commonwealth of Pennsylvania 70914PQ47 1000000 PA USD 1122889.3 0.9525467283 Long DBT MUN US N 2 2029-07-15 Fixed 5 N N N N N N PENNSYLVANIA ST ECON DEV FING N/A Pennsylvania Economic Development Financing Authority 70868YAY5 1000000 PA USD 1105000.2 0.9373714089 Long DBT MUN US N 2 2061-06-30 Fixed 6 N N N N N N LANCASTER PA 549300BGOEKNNN4HPE68 LANCASTER 514282XX5 1000000 PA USD 990456.9 0.8402043546 Long DBT MUN US N 2 2043-11-01 Fixed 4 N N N N N N ALLEGHENY CNTY PA ARPT AUTH AR N/A Allegheny County Airport Authority 01728LFK3 1000000 PA USD 1022181.8 0.8671165798 Long DBT MUN US N 2 2056-01-01 Fixed 5 N N N N N N CUMBERLAND CNTY PA MUNI AUTH N/A Cumberland County Municipal Authority 230614PC7 2000000 PA USD 1849112 1.5686012733 Long DBT MUN US N 2 2044-11-01 Fixed 4 N N N N N N ALLEGHENY CNTY PA N/A COUNTY OF ALLEGHENY PA 01728VTH3 2000000 PA USD 2082820.4 1.7668560539 Long DBT MUN US N 2 2041-11-01 Fixed 5 N N N N N N ALLEGHENY CNTY PA ARPT AUTH AR N/A Allegheny County Airport Authority 01728LFJ6 1000000 PA USD 1029688.7 0.8734846813 Long DBT MUN US N 2 2051-01-01 Fixed 5 N N N N N N PHILADELPHIA PA WTR & WSTWTR R N/A City of Philadelphia PA Water & Wastewater Revenue 717893N56 1000000 PA USD 1043985.1 0.8856123140 Long DBT MUN US N 2 2049-11-01 Fixed 5 N N N N N N PENNSYLVANIA ST ECON DEV FING N/A Pennsylvania Economic Development Financing Authority 70870JFM5 1000000 PA USD 929616.5 0.7885934576 Long DBT MUN US N 2 2048-05-15 Fixed 4 N N N N N N CHESTER CNTY PA HLTH & EDU FAC N/A CHESTER COUNTY HEALTH & EDUCATION FACILITIES AUTHORITY 16557HEC5 1000000 PA USD 1029083.1 0.8729709509 Long DBT MUN US N 2 2052-10-01 Fixed 5 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709224S83 1000000 PA USD 1049419.3 0.8902221446 Long DBT MUN US N 2 2044-12-01 Fixed 5 N N N N N N PHILADELPHIA PA 549300IVFOPB4AG7UL47 CITY OF PHILADELPHIA PA 717813VS5 1000000 PA USD 1076795.1 0.9134450293 Long DBT MUN US N 2 2033-08-01 Fixed 5 N N N N N N DELAWARE CNTY PA AUTH N/A DELAWARE COUNTY AUTHORITY 246003NF0 1700000 PA USD 1773264.39 1.5042597636 Long DBT MUN US N 2 2042-10-01 Fixed 5 N N N N N N UNION CNTY PA HGR EDUCTNL FACS N/A UNION COUNTY HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY 906459FT4 1000000 PA USD 1020101.8 0.8653521163 Long DBT MUN US N 2 2032-04-01 Fixed 5 N N N N N N PHILADELPHIA PA WTR & WSTWTR R N/A City of Philadelphia PA Water & Wastewater Revenue 717893Q38 1010000 PA USD 1075927.14 0.9127087390 Long DBT MUN US N 2 2040-11-01 Fixed 5 N N N N N N LEHIGH CNTY PA GEN PURPOSE AUT N/A Lehigh County General Purpose Authority 52480EAL3 1000000 PA USD 820533.3 0.6960582048 Long DBT MUN US N 2 2052-06-01 Fixed 4 N N N N N N ALLEGHENY CNTY PA SAN AUTH N/A ALLEGHENY COUNTY SANITARY AUTHORITY 017357A87 2000000 PA USD 2048615.6 1.7378401301 Long DBT MUN US N 2 2045-12-01 Fixed 5 N N N N N N DELAWARE RIVER PORT AUTH PA & 549300OBM31KJO8JR048 Delaware River Port Authority 246352GW2 1130000 PA USD 1252055.37 1.0621182750 Long DBT MUN US N 2 2033-01-01 Fixed 5 N N N N N N PENNSYLVANIA ST N/A COMMONWEALTH OF PENNSYLVANIA 70914PE24 2000000 PA USD 2120945.6 1.7991976521 Long DBT MUN US N 2 2026-09-15 Fixed 5 N N N N N N PUERTO RICO SALES TAX FING COR N/A Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 74529JPX7 1000000 PA USD 955447.6 0.8105059736 Long DBT MUN US N 2 2058-07-01 Fixed 5 N N N N N N PENNSYLVANIA ST TURNPIKE COMMI 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission 709225BC9 2500000 PA USD 2387538.75 2.0253485583 Long DBT MUN US N 2 2046-12-01 Fixed 4 N N N N N N CUMBERLAND CNTY PA MUNI AUTH N/A Cumberland County Municipal Authority 230614QR3 90000 PA USD 92281.73 0.0782825698 Long DBT MUN US N 2 2038-01-01 Fixed 5 N N N N N N PUERTO RICO SALES TAX FING COR N/A Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 74529JRL1 1000000 PA USD 918614.3 0.7792602939 Long DBT MUN US N 2 2058-07-01 Fixed 4.784 N N N N N N PHILADELPHIA PA 549300IVFOPB4AG7UL47 City of Philadelphia PA 717813XN4 500000 PA USD 535245.75 0.4540488434 Long DBT MUN US N 2 2038-02-01 Fixed 5 N N N N N N DELAWARE RIVER PA JT TOLL BRID 549300N6IGAQMI0JLE23 DELAWARE RIVER JOINT TOLL BRIDGE COMMISSION 246343LJ4 1750000 PA USD 1824636.45 1.5478386700 Long DBT MUN US N 2 2042-07-01 Fixed 5 N N N N N N PENNSYLVANIA ST ECON DEV FING N/A PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 70870ECC1 2000000 PA USD 2005165 1.7009809964 Long DBT MUN US N 2 2053-07-01 Fixed 6 N N N N N N PENNSYLVANIA ST ECON DEV FING N/A PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 70869PHX8 2000000 PA USD 1995176.6 1.6925078390 Long DBT MUN US N 2 2042-06-30 Fixed 5 N N N N N N LANCASTER CNTY PA HOSP AUTH N/A LANCASTER COUNTY HOSPITAL AUTHORITY/PA 514045F40 785000 PA USD 794546.54 0.6740136424 Long DBT MUN US N 2 2035-11-01 Fixed 5 N N N N N N BUCKS CNTY PA INDL DEV AUTH N/A BUCKS CNTY PA IND 5 10/37 118612MV9 1450000 PA USD 1435282.07 1.2175494413 Long DBT MUN US N 2 2037-10-01 Fixed 5 N N N N N N SWARTHMORE BORO PA AUTH N/A Swarthmore Borough Authority 870000PL4 1505000 PA USD 1455040.32 1.2343103601 Long DBT MUN US N 2 2049-09-15 Fixed 4 N N N N N N SAINT MARY HOSP AUTH PA HLTH S N/A St Mary Hospital Authority 85230MDP6 1750000 PA USD 1892538.73 1.6054401581 Long DBT MUN US N 2 2028-11-15 Fixed 5 N N N N N N MONTGOMERY CNTY PA HGR EDU & H N/A Montgomery County Higher Education & Health Authority 613603B40 1500000 PA USD 1328102.85 1.1266293343 Long DBT MUN US N 2 2049-09-01 Fixed 4 N N N N N N ALLEGHENY CNTY PA SAN AUTH N/A ALLEGHENY COUNTY SANITARY AUTHORITY 017357A79 1000000 PA USD 1025743.4 0.8701378842 Long DBT MUN US N 2 2040-12-01 Fixed 5 N N N N N N PHILADELPHIA PA ARPT REVENUE N/A CITY OF PHILADELPHIA PA AIRPORT REVENUE 717817UM0 2000000 PA USD 2028016.6 1.7203660033 Long DBT MUN US N 2 2047-07-01 Fixed 5 N N N N N N PENNSYLVANIA ST ECON DEV FINGA N/A PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 708686DZ0 1000000 PA USD 1003043.8 0.8508818189 Long DBT MUN US N 2 2044-11-01 Fixed 5.5 N N N N N N PENNSYLVANIA ST ECON DEV FING N/A Pennsylvania Economic Development Financing Authority 70869PNK9 2200000 PA USD 1737404.02 1.4738394202 Long DBT MUN US N 2 2046-07-01 Fixed 4 N N N N N N 2023-07-21 Federated Hermes Municipal Securities Income Trust Stephen Van Meter Federated Hermes Municipal Securities Income Trust Chief Compliance Officer XXXX NPORT-EX 2 poi_fhpamuniincomefd.htm POI - FEDERATED HERMES PENNSYLVANIA MUNICIPAL INCOME FUND EDGAR HTML
Federated Hermes Pennsylvania Municipal Income Fund
Portfolio of Investments
May 31, 2023 (unaudited) 
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—98.3%
 
 
 
Pennsylvania—94.5%
 
$1,000,000
 
Allegheny County, PA Airport Authority (Pittsburgh International Airport), Airport Revenue Bonds (Series 2021A),
4.000%, 1/1/2040
$948,234
1,000,000
 
Allegheny County, PA Airport Authority (Pittsburgh International Airport), Airport Revenue Bonds (Series 2021A),
5.000%, 1/1/2051
1,029,689
1,000,000
 
Allegheny County, PA Airport Authority (Pittsburgh International Airport), Airport Revenue Bonds (Series 2021A),
5.000%, 1/1/2056
1,022,182
530,000
 
Allegheny County, PA Higher Education Building Authority (Carnegie Mellon University), Revenue Bonds (Series 2019A),
5.000%, 8/1/2027
574,085
2,000,000
 
Allegheny County, PA Hospital Development Authority (Allegheny Health Network Obligated Group), Revenue Bonds
(Series 2018A), 5.000%, 4/1/2047
2,023,950
860,000
1
Allegheny County, PA Hospital Development Authority (UPMC Health System), Revenue Bonds (Series 2017D-2) FRNs,
4.110% (SIFMA 7-day +0.700%), Mandatory Tender 5/15/2027
839,389
1,000,000
 
Allegheny County, PA Sanitation Authority, Sewer Revenue Bonds (Series 2015), 5.000%, 12/1/2040
1,025,743
2,000,000
 
Allegheny County, PA Sanitation Authority, Sewer Revenue Bonds (Series 2015), 5.000%, 12/1/2045
2,048,616
1,000,000
 
Allegheny County, PA, UT GO Bonds (Series C-77), 5.000%, 11/1/2043
1,066,744
2,000,000
 
Allegheny County, PA, UT GO Refunding Bonds (Series C-76), 5.000%, 11/1/2041
2,082,820
1,450,000
 
Bucks County, PA IDA (Pennswood Village), Revenue Bonds (Series 2018A), 5.000%, 10/1/2037
1,435,282
1,000,000
 
Canon McMillan, PA School District, GO Bonds (Series 2017), (Assured Guaranty Municipal Corp. INS)/(Pennsylvania
School District Intercept Program GTD), 5.000%, 12/1/2041
1,054,410
1,000,000
 
Capital Region Water, PA, Water Revenue Refunding Bonds (Series 2018), 5.000%, 7/15/2032
1,084,617
500,000
 
Centre County, PA Hospital Authority (Mount Nittany Medical Center), Hospital Revenue Bonds (Series 2018A),
5.000%, 11/15/2042
509,178
500,000
 
Centre County, PA, UT GO Bonds (Series 2022), 5.000%, 7/1/2035
560,605
1,000,000
 
Chartiers Valley, PA School District, UT GO Bonds (Series 2015B), (United States Treasury PRF 4/15/2025@100),
5.000%, 10/15/2040
1,033,310
1,000,000
 
Chester County, PA HEFA (Main Line Health Systems), Revenue Bonds (Series 2017A), 5.000%, 10/1/2052
1,029,083
1,250,000
 
Chester County, PA IDA (Avon Grove Charter School), Revenue Bonds (Series 2017A), (Original Issue Yield: 4.820%),
4.750%, 12/15/2037
1,216,806
2,000,000
 
Clairton Municipal Authority, PA, Sewer Revenue Bonds (Series 2012B), 5.000%, 12/1/2037
2,001,182
3,000,000
 
Commonwealth Financing Authority of PA (Commonwealth of Pennsylvania), Tobacco Master Settlement Payment Revenue
Bonds (Series 2018), (Original Issue Yield: 4.035%), (Assured Guaranty Municipal Corp. INS), 4.000%, 6/1/2039
2,884,531
2,000,000
 
Commonwealth of Pennsylvania, UT GO Bonds (2nd Series 2016), 5.000%, 9/15/2026
2,120,946
1,000,000
 
Commonwealth of Pennsylvania, UT GO Refunding Bonds (Series 2019), 5.000%, 7/15/2029
1,122,889
90,000
 
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015),
(United States Treasury PRF 1/1/2025@100), 5.000%, 1/1/2038
92,282
365,000
 
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015),
(United States Treasury PRF 1/1/2025@100), 5.000%, 1/1/2038
374,254
450,000
 
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015),
5.000%, 1/1/2038
450,116
1,000,000
 
Cumberland County, PA Municipal Authority (Dickinson College), Revenue Bonds (Series 2016), 5.000%, 5/1/2030
1,037,944
2,000,000
 
Cumberland County, PA Municipal Authority (Penn State Health Obligated Group), Revenue Bonds (Series 2019),
4.000%, 11/1/2044
1,849,112
1,700,000
 
Delaware County, PA Authority (Haverford College), Revenue Bonds (Series 2017A), 5.000%, 10/1/2042
1,773,264
1,000,000
 
Delaware County, PA Authority (Villanova University), Revenue Bonds (Series 2015), 5.000%, 8/1/2045
1,019,478
1,250,000
 
Delaware County, PA Regional Water Quality Control Authority, Sewer Revenue Bonds (Series 2015), 5.000%, 5/1/2040
1,274,474
1,750,000
 
Delaware River Joint Toll Bridge Commission, Revenue Bonds (Series 2017), 5.000%, 7/1/2042
1,824,637
1,130,000
 
Delaware River Port Authority, Revenue Bonds (Series 2018A), 5.000%, 1/1/2033
1,252,055
250,000
 
Delaware River Port Authority, Revenue Bonds (Series 2018A), 5.000%, 1/1/2038
267,686
200,000
 
Delaware River Port Authority, Revenue Bonds (Series 2018A), 5.000%, 1/1/2039
213,140
500,000
 
Delaware River Port Authority, Revenue Bonds (Series 2018A), 5.000%, 1/1/2040
530,048
1
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
Pennsylvania—continued
 
$1,000,000
 
DuBois Hospital Authority (Penn Highlands Healthcare), Hospital Revenue Bonds (Series 2020), 4.000%, 7/15/2050
$893,803
2,260,000
 
Geisinger Authority, PA Health System (Geisinger Health System), Revenue Bonds (Series 2014A), 5.000%, 6/1/2041
2,277,507
1,500,000
 
Great Valley School District, PA, GO Bonds (Series 2022), (Pennsylvania School District Intercept Program GTD),
4.000%, 9/1/2040
1,521,121
785,000
 
Lancaster County, PA Hospital Authority (Masonic Villages), Health Center Revenue Bonds (Series 2015),
5.000%, 11/1/2035
794,547
1,000,000
 
Lancaster County, PA Solid Waste Management Authority, GTD Authority Bonds (Series 2013B), (Dauphin County, PA
GTD), 5.000%, 12/15/2033
1,007,533
1,000,000
 
Lancaster, PA IDA (Landis Homes Retirement Community), Health Center Revenue Refunding Bonds (Series 2021),
4.000%, 7/1/2051
726,795
1,000,000
 
Lancaster, PA, UT GO Bonds (Series 2018), (Build America Mutual Assurance INS), 4.000%, 11/1/2043
990,457
1,000,000
 
Lehigh County, PA General Purpose Authority (Lehigh Valley Academy Regional Charter School), Charter School Revenue
Bonds (Series 2022), 4.000%, 6/1/2052
820,533
1,000,000
 
Luzerne County, PA, UT GO GTD Bonds (Series 2017A), (Assured Guaranty Municipal Corp. INS), 5.000%, 12/15/2029
1,072,739
1,260,000
 
Monroe County, PA, UT GO Bonds (Series 2021A), 4.000%, 7/15/2036
1,279,593
1,500,000
 
Montgomery County, PA Higher Education & Health Authority Hospital (Thomas Jefferson University), Revenue Refunding
Bonds (Series 2019), 4.000%, 9/1/2049
1,328,103
1,000,000
 
Montgomery County, PA IDA (ACTS Retirement Life Communities, Inc.), Retirement Communities Revenue Bonds
(Series 2020C), 5.000%, 11/15/2045
938,399
1,125,000
 
Montgomery County, PA IDA (Constellation Energy Generation LLC), Revenue Refunding Bonds (Series 2023A) TOBs,
4.100%, Mandatory Tender 4/3/2028
1,140,231
1,000,000
 
Mount Lebanon, PA Hospital Authority (St. Clair Memorial Hospital), Hospital Revenue Bonds (Series 2018),
5.000%, 7/1/2038
1,046,037
1,750,000
 
Northampton County, PA General Purpose Authority (Lafayette College), College Refunding and Revenue Bonds
(Series 2017), 5.000%, 11/1/2047
1,808,775
1,000,000
 
Northampton County, PA General Purpose Authority (St. Luke's University Health Network), Hospital Revenue Bonds
(Series 2016A), 4.000%, 8/15/2040
933,194
1,000,000
 
Northampton County, PA General Purpose Authority (St. Luke's University Health Network), Hospital Revenue Bonds
(Series 2018A), (Original Issue Yield: 4.090%), 4.000%, 8/15/2048
890,952
1,000,000
 
Pennsylvania Economic Development Financing Authority (National Gypsum Co.), Exempt Facilities Refunding Revenue
Bonds (Series 2014), 5.500%, 11/1/2044
1,003,044
2,000,000
 
Pennsylvania Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement), Tax-Exempt Private
Activity Revenue Bonds (Series 2015), 5.000%, 6/30/2042
1,995,177
2,200,000
 
Pennsylvania Economic Development Financing Authority (Presbyterian Homes Obligated Group, PA), Revenue Refunding
Bonds (Series 2021), 4.000%, 7/1/2046
1,737,404
1,000,000
 
Pennsylvania Economic Development Financing Authority (The Penndot Major Bridges Package One Project), Revenue
Bonds (Series 2022), (Original Issue Yield: 5.080%), (Assured Guaranty Municipal Corp. INS), 6.000%, 6/30/2061
1,105,000
1,000,000
 
Pennsylvania Economic Development Financing Authority (The Penndot Major Bridges Package One Project), Revenue
Bonds (Series 2022), (Original Issue Yield: 5.080%), 5.000%, 12/31/2057
1,020,837
1,000,000
 
Pennsylvania Economic Development Financing Authority (The Penndot Major Bridges Package One Project), Revenue
Bonds (Series 2022), 5.750%, 6/30/2048
1,088,255
1,500,000
 
Pennsylvania Economic Development Financing Authority (UPMC Health System), Revenue Bonds (Series 2014A),
5.000%, 2/1/2045
1,509,533
2,000,000
 
Pennsylvania Economic Development Financing Authority, Junior GTD Parking Revenue Bonds (Series 2013B-1),
(Dauphin County, PA GTD), 6.000%, 7/1/2053
2,005,165
1,000,000
 
Pennsylvania HFA, Single Family Mortgage Revenue Bonds (Series 2023-142A), 5.500%, 10/1/2053
1,058,236
1,000,000
 
Pennsylvania State Economic Development Financing Authority (UPMC Health System), Revenue Bonds (Series 2023A-2),
4.000%, 5/15/2048
929,617
285,000
 
Pennsylvania State Economic Development Financing Authority (UPMC Health System), Revenue Bonds (Series 2023A-2),
4.000%, 5/15/2053
259,547
1,950,000
 
Pennsylvania State Higher Education Facilities Authority (University of Pennsylvania Health System), Revenue Bonds
(Series 2017A), 5.000%, 8/15/2042
2,016,286
500,000
 
Pennsylvania State Higher Education Facilities Authority (University of Pennsylvania), Revenue Bonds (Series 2017A),
5.000%, 8/15/2046
524,667
1,500,000
 
Pennsylvania State Turnpike Commission, Oil Franchise Tax Subordinate Revenue Refunding Bonds (Series 2021B),
4.000%, 12/1/2053
1,404,630
1,250,000
 
Pennsylvania State Turnpike Commission, Subordinate Revenue Bonds (Series 2019A), 5.000%, 12/1/2044
1,297,340
2
Principal
Amount
 
 
Value
 
 
MUNICIPAL BONDS—continued
 
 
 
Pennsylvania—continued
 
$1,000,000
 
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2015B), 5.000%, 12/1/2045
$1,023,102
2,000,000
 
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2018A), 5.000%, 12/1/2048
2,072,769
1,000,000
 
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2019A), 5.000%, 12/1/2044
1,049,419
400,000
 
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2022B), 5.000%, 12/1/2036
447,679
500,000
 
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2022B), 5.000%, 12/1/2037
551,800
1,000,000
 
Pennsylvania State Turnpike Commission, Turnpike Subordinate Revenue Bonds (Series 2019A), (Assured Guaranty
Municipal Corp. GTD), 4.000%, 12/1/2049
960,405
2,500,000
 
Pennsylvania State Turnpike Commission, Turnpike Subordinate Revenue Bonds (Series 2021A), 4.000%, 12/1/2046
2,387,539
1,000,000
 
Philadelphia, PA Airport System, Airport Revenue and Refunding Bonds (Series 2017A), 5.000%, 7/1/2047
1,028,986
1,000,000
 
Philadelphia, PA Airport System, Airport Revenue Refunding Bonds (Series 2020A), 4.000%, 7/1/2040
977,640
2,000,000
 
Philadelphia, PA Airport System, Refunding Revenue Bonds (Series 2017B), 5.000%, 7/1/2047
2,028,017
1,270,000
 
Philadelphia, PA Authority for Industrial Development (PresbyHomes Germantown/Morrisville), Senior Living Revenue
Bonds (Series 2005A), 5.625%, 7/1/2035
1,295,446
2,000,000
 
Philadelphia, PA Gas Works, 1998 General Ordinance-Fifteenth Series Revenue Refunding Bonds, 5.000%, 8/1/2042
2,058,929
1,000,000
 
Philadelphia, PA School District, LT GO Bonds (Series 2018B), (Pennsylvania School District Intercept Program GTD),
5.000%, 9/1/2043
1,049,250
1,000,000
 
Philadelphia, PA Water & Wastewater System, Revenue Bonds (Series 2019B), 5.000%, 11/1/2049
1,043,985
1,010,000
 
Philadelphia, PA Water & Wastewater System, Revenue Bonds (Series 2020A), 5.000%, 11/1/2040
1,075,927
500,000
 
Philadelphia, PA, GO Bonds (Series 2019B), 5.000%, 2/1/2038
535,246
1,000,000
 
Philadelphia, PA, GO Bonds (Series 2021A), 5.000%, 5/1/2034
1,129,722
1,000,000
 
Philadelphia, PA, UT GO Bonds (Series 2017A), 5.000%, 8/1/2033
1,076,795
655,000
 
Pittsburgh & Allegheny County, PA Sports & Exhibition Authority, Parking System Revenue Bonds (Series 2017),
5.000%, 12/15/2037
694,765
390,000
 
Pittsburgh, PA Public Parking Authority, Parking System Revenue Refunding Bonds (Series 2015A), (United States Treasury
PRF 6/1/2025@100), 5.000%, 12/1/2025
403,300
610,000
 
Pittsburgh, PA Public Parking Authority, Parking System Revenue Refunding Bonds (Series 2015A), 5.000%, 12/1/2025
624,149
1,500,000
 
Pittsburgh, PA Water & Sewer Authority, Water and Sewer System First Lien Revenue Bonds (Series 2019A),
(Assured Guaranty Municipal Corp. INS), 5.000%, 9/1/2044
1,586,768
1,000,000
 
Scranton, PA School District, GO Bonds (Series 2017E), (Build America Mutual Assurance INS), 5.000%, 12/1/2035
1,073,996
1,750,000
 
St. Mary Hospital Authority, PA (Trinity Healthcare Credit Group), Revenue Refunding Bonds (Remarket 1/9/18),
5.000%, 11/15/2028
1,892,539
1,000,000
 
Swarthmore Borough Authority, PA (Swarthmore College), Revenue Bonds (Series 2018), 5.000%, 9/15/2048
1,059,834
1,505,000
 
Swarthmore Borough Authority, PA (Swarthmore College), Revenue Bonds (Series 2021B), 4.000%, 9/15/2049
1,455,040
1,000,000
 
Union County, PA Higher Educational Facilities Financing Authority (Bucknell University), University Revenue Bonds
(Series 2015B), 5.000%, 4/1/2032
1,020,102
740,000
 
Westmoreland County, PA Municipal Authority, Municipal Service Revenue Bonds (Series 2016), (Build America Mutual
Assurance INS), 5.000%, 8/15/2042
747,133
 
 
TOTAL
111,448,120
 
 
Puerto Rico—3.8%
 
2,000,000
 
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2037
1,735,222
1,000,000
 
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2041
834,543
1,000,000
 
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A), (Original Issue Yield: 5.154%),
5.000%, 7/1/2058
955,448
1,000,000
 
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-2), 4.784%, 7/1/2058
918,614
 
 
TOTAL
4,443,827
 
 
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $120,937,456)
115,891,947
 
1
SHORT-TERM MUNICIPALS—1.1%
 
 
 
Pennsylvania—1.1%
 
250,000
 
Delaware County, PA IDA (United Parcel Service, Inc.), (Series 2015) Daily VRDNs, (United Parcel Service, Inc. GTD),
4.050%, 6/1/2023
250,000
3
Principal
Amount
 
 
Value
 
1
SHORT-TERM MUNICIPALS—continued
 
 
 
Pennsylvania—continued
 
$1,050,000
 
Southcentral PA, General Authority (Wellspan Health Obligated Group), (Series 2019E) Daily VRDNs, (U.S. Bank, N.A. LIQ),
3.940%, 6/1/2023
$1,050,000
 
 
TOTAL SHORT-TERM MUNICIPALS
(IDENTIFIED COST $1,300,000)
1,300,000
 
 
TOTAL INVESTMENT IN SECURITIES—99.4%
(IDENTIFIED COST $122,237,456)
117,191,947
 
 
OTHER ASSETS AND LIABILITIES - NET—0.6%2
726,548
 
 
TOTAL NET ASSETS—100%
$117,918,495
Securities that are subject to the federal alternative minimum tax (AMT) represent 10.1% of the Fund's portfolio as calculated based upon total market value.
The average notional value of short futures contracts held by the Fund throughout the period was $551,938. This is based on amounts held as of each month-end throughout the nine-month fiscal period.
1
Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.
2
Assets, other than investments in securities, less liabilities.
Note: The categories of investments are shown as a percentage of total net assets at May 31, 2023.
Investment Valuation
In calculating its net asset value (NAV), the Fund generally values investments as follows:
◾ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the “Adviser”).
◾ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.
◾ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.
◾ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.
◾ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer’s financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.
If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser’s valuation committee (“Valuation Committee”), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.
Fair Valuation Procedures
Pursuant to Rule 2a-5 under the Act, the Fund's Board of Trustees (the “Trustees”) has designated the Adviser as the Fund’s valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees’ oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser’s fair value determinations.
The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser’s affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services’ policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services and review of price challenges by the Adviser based
4
on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser’s fair valuation and significant events procedures as part of the Fund’s compliance program and will review any changes made to the procedures.
Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.
Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
As of May 31, 2023, all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.
The following acronym(s) are used throughout this portfolio: 
FRNs
—Floating Rate Notes
GO
—General Obligation
GTD
—Guaranteed
HEFA
—Health and Education Facilities Authority
IDA
—Industrial Development Authority
INS
—Insured
LIQ
—Liquidity Agreement
LT
—Limited Tax
PRF
—Pre-refunded
SIFMA
—Securities Industry and Financial Markets Association
UT
—Unlimited Tax
VRDNs
—Variable Rate Demand Notes
5