|
2025 Quarterly Report
(Unaudited)
|
|
BlackRock MuniAssets Fund, Inc. (MUA)
|
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
|
Security
|
|
Shares
|
Value
|
|
Common Stocks
|
|||
|
Construction & Engineering — 0.2%
|
|
||
|
TimberHp By Go Lab, Inc.(a)(b)
|
|
129,263
|
$ 867,355
|
|
Total Common Stocks — 0.2%
(Cost: $ — )
|
867,355
|
||
|
|
|
Par
(000)
|
|
|
Corporate Bonds
|
|||
|
Commercial Services & Supplies — 0.4%
|
|||
|
Grand Canyon University, 5.13%, 10/01/28
|
$
|
1,570
|
1,555,000
|
|
Total Corporate Bonds — 0.4%
(Cost: $1,570,000)
|
1,555,000
|
||
|
Municipal Bonds
|
|||
|
Alabama — 5.8%
|
|
||
|
Baldwin County Industrial Development Authority, RB,
Series A, AMT, 5.00%, 06/01/55(c)(d)
|
|
1,435
|
1,477,134
|
|
Black Belt Energy Gas District, RB(c)
|
|
|
|
|
Series A, 5.25%, 01/01/54
|
|
3,085
|
3,322,824
|
|
Series A, 5.25%, 05/01/56
|
|
1,540
|
1,604,646
|
|
Series F, 5.50%, 11/01/53
|
|
615
|
649,969
|
|
Black Belt Energy Gas District, Refunding RB, 4.00%,
06/01/51(c)
|
|
1,855
|
1,916,422
|
|
County of Jefferson Alabama Sewer Revenue,
Refunding RB, 5.50%, 10/01/53
|
|
5,645
|
5,947,901
|
|
Hoover Industrial Development Board, RB, AMT,
Sustainability Bonds, 6.38%, 11/01/50(c)
|
|
2,140
|
2,360,275
|
|
MidCity Improvement District, SAB
|
|
|
|
|
4.50%, 11/01/42
|
|
255
|
229,652
|
|
4.75%, 11/01/49
|
|
270
|
239,793
|
|
Mobile County Industrial Development Authority, RB
|
|
|
|
|
Series A, AMT, 5.00%, 06/01/54
|
|
4,545
|
4,409,181
|
|
Series B, AMT, 4.75%, 12/01/54
|
|
1,840
|
1,717,365
|
|
Southeast Energy Authority A Cooperative District, RB,
Series A, 5.00%, 01/01/56(c)
|
|
1,220
|
1,306,028
|
|
Tuscaloosa County Industrial Development Authority,
Refunding RB, Series A, 5.25%, 05/01/44(d)
|
|
335
|
337,170
|
|
|
|
|
25,518,360
|
|
Arizona — 4.3%
|
|
||
|
Arizona Industrial Development Authority, RB(d)
|
|
|
|
|
7.10%, 01/01/55
|
|
1,670
|
1,678,470
|
|
Series A, 5.00%, 12/15/39
|
|
250
|
250,331
|
|
Series B, 5.13%, 07/01/47
|
|
665
|
625,671
|
|
Arizona Industrial Development Authority, Refunding
RB(d)
|
|
|
|
|
5.50%, 07/01/52
|
|
1,775
|
1,661,396
|
|
Series A, 5.13%, 07/01/37
|
|
960
|
963,188
|
|
Glendale Industrial Development Authority, RB, 5.00%,
05/15/56
|
|
100
|
86,293
|
|
Industrial Development Authority of the City of Phoenix
Arizona, Refunding RB, 5.00%, 07/01/45(d)
|
|
255
|
248,342
|
|
Industrial Development Authority of the County of Pima,
Refunding RB(d)
|
|
|
|
|
4.00%, 06/15/51
|
|
1,555
|
1,226,016
|
|
5.00%, 07/01/56
|
|
460
|
365,905
|
|
Security
|
|
Par
(000)
|
Value
|
|
Arizona (continued)
|
|
||
|
La Paz County Industrial Development Authority, RB,
5.88%, 06/15/48(d)
|
$
|
875
|
$ 819,746
|
|
Maricopa County Industrial Development Authority, RB
|
|
|
|
|
7.38%, 10/01/29(d)
|
|
875
|
918,261
|
|
5.25%, 10/01/40(d)
|
|
465
|
394,264
|
|
5.50%, 10/01/51(d)
|
|
465
|
361,879
|
|
Series A, 3.00%, 09/01/51
|
|
5,155
|
3,679,178
|
|
AMT, 4.00%, 10/15/47(d)
|
|
1,995
|
1,697,695
|
|
Salt Verde Financial Corp., RB, 5.00%, 12/01/37
|
|
1,650
|
1,805,472
|
|
Sierra Vista Industrial Development Authority, RB(d)
|
|
|
|
|
5.00%, 06/15/34
|
|
55
|
57,510
|
|
5.00%, 06/15/44
|
|
515
|
495,784
|
|
5.00%, 06/15/54
|
|
575
|
526,642
|
|
6.30%, 06/15/54
|
|
230
|
236,382
|
|
6.38%, 06/15/64
|
|
460
|
471,918
|
|
|
|
|
18,570,343
|
|
Arkansas — 1.9%
|
|
||
|
Arkansas Development Finance Authority, RB
|
|
|
|
|
AMT, 4.75%, 09/01/49(d)
|
|
1,500
|
1,458,543
|
|
AMT, Sustainability Bonds, 7.38%, 07/01/48(d)
|
|
2,800
|
3,043,415
|
|
AMT, Sustainability Bonds, 5.45%, 09/01/52
|
|
2,325
|
2,335,057
|
|
Series A, AMT, Sustainability Bonds, 6.88%,
07/01/48(d)
|
|
1,300
|
1,400,543
|
|
|
|
|
8,237,558
|
|
California — 6.7%
|
|
||
|
California Housing Finance Agency, RB, M/F Housing,
Series P-S, Subordinate, 8.00%, 07/01/67(c)(d)
|
|
1,900
|
1,928,245
|
|
California Infrastructure & Economic Development Bank,
Refunding RB, Series A, Class B, AMT, Sustainability
Bonds, 9.50%, 01/01/65(c)(d)
|
|
14,990
|
11,992,000
|
|
California Municipal Finance Authority, RB, M/F Housing,
Series A-S, Subordinate, 8.00%, 09/01/55(c)(d)
|
|
765
|
783,860
|
|
California Public Finance Authority, RB, Series A, 6.38%,
06/01/59(d)
|
|
2,415
|
2,270,148
|
|
California School Finance Authority, RB(d)
|
|
|
|
|
Series A, 7.00%, 06/01/54
|
|
1,810
|
1,654,290
|
|
Series B, 9.00%, 06/01/34
|
|
180
|
184,700
|
|
California Statewide Financing Authority, RB, Series B,
6.00%, 05/01/43
|
|
1,650
|
1,653,692
|
|
CSCDA Community Improvement Authority, RB, M/F
Housing(d)
|
|
|
|
|
Series A, 3.00%, 09/01/56
|
|
1,570
|
1,074,922
|
|
Mezzanine Lien, 4.00%, 03/01/57
|
|
700
|
517,224
|
|
Sustainability Bonds, 4.00%, 07/01/58
|
|
380
|
243,519
|
|
Series B, Sustainability Bonds, 4.00%, 07/01/58
|
|
435
|
238,828
|
|
Golden State Tobacco Securitization Corp., Refunding
RB, CAB, Series B-2, Subordinate, 0.00%,
06/01/66(e)
|
|
27,650
|
2,928,456
|
|
Hastings Campus Housing Finance Authority, RB, CAB,
Sub-Series A, Sustainability Bonds, 6.75%,
07/01/61(d)(f)
|
|
1,705
|
828,693
|
|
Inland Empire Tobacco Securitization Corp., RB,
Series C-1, 0.00%, 06/01/36(e)
|
|
5,090
|
2,470,936
|
|
Rancho Mirage Community Facilities District, ST,
Series A, 5.00%, 09/01/49
|
|
270
|
273,710
|
|
|
|
|
29,043,223
|
|
Colorado — 5.8%
|
|
||
|
9th Avenue Metropolitan District No. 2, GOL, 5.00%,
12/01/48
|
|
910
|
900,077
|
|
Security
|
|
Par
(000)
|
Value
|
|
Colorado (continued)
|
|
||
|
Banning Lewis Ranch Metropolitan District No. 8, GOL,
4.88%, 12/01/51(d)
|
$
|
665
|
$ 593,930
|
|
Baseline Metropolitan District No. 1, GO, Series B,
Subordinate, 6.75%, 12/15/54
|
|
690
|
699,863
|
|
Canyons Metropolitan District No. 5, Refunding GOL,
Series B, Subordinate, 6.50%, 12/15/54
|
|
625
|
628,415
|
|
Centerra Metropolitan District No. 1, TA, 5.00%,
12/01/47(d)
|
|
575
|
570,060
|
|
City & County of Denver Colorado Airport System
Revenue, Refunding ARB, Series A, AMT, 4.13%,
11/15/53
|
|
1,025
|
927,298
|
|
Colorado Educational & Cultural Facilities Authority, RB,
Series B, Subordinate Lien, 8.50%, 02/01/59(d)
|
|
3,065
|
3,391,154
|
|
Colorado Health Facilities Authority, RB
|
|
|
|
|
5.50%, 11/01/47
|
|
265
|
279,297
|
|
5.25%, 11/01/52
|
|
555
|
572,881
|
|
Series A, 5.00%, 05/15/35
|
|
355
|
327,343
|
|
Series A, 5.00%, 05/15/44
|
|
385
|
303,192
|
|
Series A, 5.00%, 05/15/49
|
|
750
|
554,945
|
|
Creekwalk Marketplace Business Improvement District,
Refunding RB
|
|
|
|
|
Series A, 6.00%, 12/01/54
|
|
2,525
|
2,508,160
|
|
Series B, 8.00%, 12/15/54
|
|
627
|
628,822
|
|
Elbert County Independence Water & Sanitation District,
Refunding RB, 5.13%, 12/01/33
|
|
500
|
518,480
|
|
Gold Hill North Business Improvement District, GOL,
Series A, 5.60%, 12/01/54(d)
|
|
500
|
493,013
|
|
Green Valley Ranch East Metropolitan District No. 6,
GOL, Series A, 5.88%, 12/01/50
|
|
935
|
948,403
|
|
Independence Metropolitan District No. 3, GOL,
Series B, Subordinate, 7.13%, 12/15/54
|
|
500
|
503,612
|
|
Independence Metropolitan District No. 3, Refunding
GOL, Series A, 5.38%, 12/01/54
|
|
851
|
853,265
|
|
Inspiration Metropolitan District, GOL, Series B,
Subordinate, 5.00%, 12/15/36
|
|
670
|
632,725
|
|
Lanterns Metropolitan District No. 2, GOL, Series A,
4.50%, 12/01/50
|
|
520
|
402,998
|
|
Loretto Heights Community Authority, RB, 4.88%,
12/01/51
|
|
790
|
626,618
|
|
North Holly Metropolitan District, GOL, Series A, 5.50%,
12/01/48
|
|
500
|
500,956
|
|
Palisade Metropolitan District No. 2, Refunding RB, CAB,
Series B, Convertible, 5.88%, 12/15/54(d)(f)
|
|
1,170
|
1,108,611
|
|
Prairie Farm Metropolitan District, GOL, Series A, 5.25%,
12/01/48
|
|
736
|
735,945
|
|
Redtail Ridge Metropolitan District, GOL, CAB, 0.00%,
12/01/32(e)
|
|
4,864
|
3,022,156
|
|
Sojourn at Idlewild Metropolitan District, GOL, Series A,
6.13%, 12/01/55(d)
|
|
500
|
515,454
|
|
St. Vrain Lakes Metropolitan District No. 4, GOL, CAB,
Series A, 6.75%, 09/20/54(d)(f)
|
|
1,035
|
726,128
|
|
Waters’ Edge Metropolitan District No. 2, GOL, 5.00%,
12/01/51
|
|
790
|
738,071
|
|
|
|
|
25,211,872
|
|
Connecticut — 1.6%
|
|
||
|
Connecticut State Health & Educational Facilities
Authority, RB
|
|
|
|
|
Series A, 5.00%, 01/01/55(d)
|
|
325
|
269,871
|
|
Series A, Sustainability Bonds, 5.38%, 07/01/54
|
|
1,105
|
1,082,492
|
|
Security
|
|
Par
(000)
|
Value
|
|
Connecticut (continued)
|
|
||
|
Mohegan Tribal Finance Authority, RB, 7.00%,
02/01/45(d)
|
$
|
3,805
|
$ 3,834,822
|
|
Mohegan Tribe of Indians of Connecticut, RB, Series A,
6.75%, 02/01/45(d)
|
|
930
|
937,372
|
|
Stamford Housing Authority, Refunding RB
|
|
|
|
|
Series A, 6.50%, 10/01/55
|
|
445
|
453,960
|
|
Series A, 6.25%, 10/01/60
|
|
310
|
310,141
|
|
|
|
|
6,888,658
|
|
Delaware(d) — 0.4%
|
|
||
|
Affordable Housing Opportunities Trust, RB, Series AH-
01, Class B, 6.88%, 05/01/39
|
|
1,205
|
1,210,043
|
|
Town of Bridgeville Delaware, ST
|
|
|
|
|
5.25%, 07/01/44
|
|
100
|
101,130
|
|
5.63%, 07/01/53
|
|
120
|
122,134
|
|
Town of Milton Delaware, ST
|
|
|
|
|
5.70%, 09/01/44
|
|
150
|
151,106
|
|
5.95%, 09/01/53
|
|
400
|
406,096
|
|
|
|
|
1,990,509
|
|
District of Columbia — 0.0%
|
|
||
|
District of Columbia Tobacco Settlement Financing
Corp., RB, Series A, 0.00%, 06/15/46(e)
|
|
995
|
230,552
|
|
Florida — 17.6%
|
|
||
|
Alachua County Housing Finance Authority, RB, M/F
Housing, Series A, 6.30%, 07/01/55(c)(d)
|
|
500
|
523,755
|
|
Antillia Community Development District, SAB
|
|
|
|
|
5.60%, 05/01/44
|
|
120
|
122,361
|
|
5.88%, 05/01/54
|
|
150
|
152,802
|
|
Babcock Ranch Community Independent Special
District, SAB
|
|
|
|
|
Series 2022, 5.00%, 05/01/42
|
|
510
|
516,981
|
|
Series 2022, 5.00%, 05/01/53
|
|
385
|
371,850
|
|
Bella Collina Community Development District, SAB,
5.30%, 05/01/55
|
|
210
|
209,828
|
|
Bella Tara Community Development District, SAB
|
|
|
|
|
5.88%, 05/01/45
|
|
370
|
383,313
|
|
6.13%, 05/01/56
|
|
560
|
580,514
|
|
Bellehaven Community Development District, SAB,
6.05%, 05/01/55
|
|
610
|
630,060
|
|
Berry Bay II Community Development District, SAB,
Series 2024, 5.45%, 05/01/54
|
|
310
|
305,340
|
|
Boggy Creek Improvement District, Refunding SAB,
Series 2013, 5.13%, 05/01/43
|
|
1,135
|
1,135,078
|
|
Brevard County Health Facilities Authority, Refunding
RB(d)
|
|
|
|
|
4.00%, 11/15/25
|
|
460
|
459,836
|
|
4.00%, 11/15/27
|
|
495
|
487,525
|
|
4.00%, 11/15/29
|
|
435
|
423,304
|
|
4.00%, 11/15/32
|
|
450
|
429,408
|
|
4.00%, 11/15/35
|
|
675
|
625,506
|
|
Buckhead Trails Community Development District, SAB
|
|
|
|
|
5.88%, 05/01/54
|
|
310
|
311,837
|
|
Series 2022, 5.75%, 05/01/52
|
|
400
|
408,924
|
|
Cabot Citrus Farms Community Development District,
SAB, 5.25%, 03/01/29
|
|
1,070
|
1,083,259
|
|
Capital Projects Finance Authority, RB, 6.13%,
06/15/44(d)
|
|
190
|
194,804
|
|
Capital Region Community Development District,
Refunding SAB, Series A-1, 5.13%, 05/01/39
|
|
1,320
|
1,340,904
|
|
Capital Trust Agency, Inc., RB
|
|
|
|
|
5.00%, 01/01/55(d)
|
|
2,640
|
2,237,595
|
|
Security
|
|
Par
(000)
|
Value
|
|
Florida (continued)
|
|
||
|
Capital Trust Agency, Inc., RB (continued)
|
|
|
|
|
Series A, 5.75%, 06/01/54(d)
|
$
|
940
|
$ 789,361
|
|
Series A, 5.00%, 12/15/54
|
|
400
|
352,343
|
|
Capital Trust Agency, Inc., RB, CAB, 0.00%,
07/01/61(d)(e)
|
|
16,865
|
1,489,933
|
|
Capital Trust Authority, RB(d)
|
|
|
|
|
Series A, 5.00%, 07/01/44
|
|
260
|
245,215
|
|
Series A, 5.25%, 07/01/54
|
|
460
|
421,782
|
|
Capital Trust Authority, Refunding RB(d)
|
|
|
|
|
Series A, 4.75%, 06/15/40
|
|
160
|
154,048
|
|
Series A, 5.13%, 06/15/50
|
|
150
|
137,307
|
|
Series A, 5.25%, 06/15/59
|
|
205
|
186,829
|
|
Coastal Ridge Community Development District, SAB
|
|
|
|
|
5.75%, 05/01/45
|
|
715
|
737,992
|
|
6.00%, 05/01/55
|
|
550
|
566,213
|
|
Coral Creek Community Development District, SAB,
5.75%, 05/01/54
|
|
200
|
202,873
|
|
County of Miami-Dade Florida Aviation Revenue,
Refunding ARB, Series A, AMT, 5.00%, 10/01/49
|
|
5,000
|
5,024,579
|
|
County of Okaloosa Florida, RB, 5.75%, 05/15/60(d)
|
|
550
|
556,332
|
|
County of Osceola Florida Transportation Revenue,
Refunding RB, CAB(e)
|
|
|
|
|
Series A-2, 0.00%, 10/01/48
|
|
875
|
259,154
|
|
Series A-2, 0.00%, 10/01/49
|
|
730
|
203,355
|
|
Series A-2, 0.00%, 10/01/54
|
|
2,875
|
603,764
|
|
Crosswinds East Community Development District, SAB,
5.75%, 05/01/54
|
|
165
|
167,706
|
|
Curiosity Creek Community Development District, SAB(d)
|
|
|
|
|
5.40%, 05/01/44
|
|
145
|
145,623
|
|
5.70%, 05/01/55
|
|
235
|
235,400
|
|
Cypress Creek Reserve Community Development
District, SAB
|
|
|
|
|
5.75%, 05/01/45
|
|
100
|
103,737
|
|
6.00%, 05/01/56
|
|
300
|
310,239
|
|
Darby Community Development District, SAB,
Series A-2, 5.88%, 05/01/35
|
|
700
|
737,110
|
|
Florida Development Finance Corp., RB(d)
|
|
|
|
|
Series A, 5.75%, 06/15/29
|
|
560
|
560,469
|
|
Series A, 6.00%, 06/15/34
|
|
835
|
835,816
|
|
Series A, 6.13%, 06/15/44
|
|
3,180
|
3,180,614
|
|
Series A, 5.13%, 06/15/55
|
|
3,645
|
3,042,712
|
|
Series B, 4.50%, 12/15/56
|
|
3,985
|
2,632,450
|
|
Series C, 5.75%, 12/15/56
|
|
1,325
|
965,371
|
|
Class A, AMT, 4.38%, 10/01/54(c)
|
|
880
|
893,186
|
|
Series A, AMT, 0.00%, 07/15/59(b)(c)(g)
|
|
2,850
|
1,339,500
|
|
Florida Development Finance Corp., Refunding RB
|
|
|
|
|
AMT, 0.00%, 07/15/32(b)(c)(d)(g)
|
|
2,070
|
972,900
|
|
AMT, (AGM), 5.00%, 07/01/44
|
|
2,975
|
2,961,870
|
|
AMT, (AGM), 5.25%, 07/01/47
|
|
700
|
696,394
|
|
Florida Local Government Finance Commission, RB,
6.75%, 11/15/55(d)
|
|
1,475
|
1,533,524
|
|
Gas Worx Community Development District, SAB,
5.75%, 05/01/45(d)
|
|
550
|
564,962
|
|
Golden Gem Community Development District, SAB,
6.00%, 05/01/55
|
|
1,700
|
1,728,753
|
|
Greenbriar Community Development District, SAB
|
|
|
|
|
5.65%, 05/01/45
|
|
230
|
232,791
|
|
5.88%, 05/01/54
|
|
275
|
277,774
|
|
Hammock Oaks Community Development District, SAB,
5.85%, 05/01/44
|
|
350
|
356,579
|
|
Security
|
|
Par
(000)
|
Value
|
|
Florida (continued)
|
|
||
|
Hillcrest Preserve Community Development District,
SAB, 5.30%, 05/01/54(d)
|
$
|
340
|
$ 332,391
|
|
Hobe-St Lucie Conservancy District, SAB, 5.88%,
05/01/55
|
|
240
|
245,788
|
|
Ibis Landing Community Development District, SAB
|
|
|
|
|
5.70%, 06/15/45
|
|
115
|
119,267
|
|
5.88%, 06/15/55
|
|
150
|
154,348
|
|
Kings Creek I Community Development District, SAB,
6.00%, 05/01/55
|
|
525
|
537,455
|
|
Kissimmee Park Community Development District, SAB
|
|
|
|
|
5.88%, 05/01/45
|
|
340
|
352,234
|
|
6.13%, 05/01/56
|
|
275
|
285,074
|
|
Lakewood Ranch Stewardship District, SAB
|
|
|
|
|
5.50%, 05/01/39(d)
|
|
90
|
93,153
|
|
5.50%, 05/01/40
|
|
415
|
437,164
|
|
5.80%, 05/01/45
|
|
495
|
513,866
|
|
5.13%, 05/01/46
|
|
675
|
675,375
|
|
5.65%, 05/01/48(d)
|
|
65
|
66,155
|
|
6.00%, 05/01/56
|
|
1,400
|
1,449,094
|
|
Series 1B, 4.75%, 05/01/29
|
|
490
|
499,114
|
|
Series 1B, 5.30%, 05/01/39
|
|
645
|
658,229
|
|
Series 1B, 5.45%, 05/01/48
|
|
1,150
|
1,165,361
|
|
Laurel Road Community Development District, SAB,
Series A-1, 2.60%, 05/01/26
|
|
80
|
79,392
|
|
Lee County Industrial Development Authority, RB,
Series B-1, 4.75%, 11/15/29
|
|
375
|
377,474
|
|
Malabar Springs Community Development District, SAB
|
|
|
|
|
5.20%, 05/01/44
|
|
230
|
228,670
|
|
5.50%, 05/01/54
|
|
345
|
339,842
|
|
Marion Ranch Community Development District, SAB
|
|
|
|
|
5.70%, 05/01/44
|
|
190
|
193,852
|
|
5.95%, 05/01/54
|
|
200
|
204,062
|
|
Midtown Miami Community Development District,
Refunding SAB
|
|
|
|
|
Series A, 5.00%, 05/01/37
|
|
845
|
845,355
|
|
Series B, 5.00%, 05/01/37
|
|
495
|
495,208
|
|
Newfield Community Development District, SAB, 5.90%,
05/01/56
|
|
965
|
989,632
|
|
Normandy Community Development District, SAB,
5.55%, 05/01/54(d)
|
|
570
|
551,352
|
|
North AR-1 Pasco Community Development District,
SAB
|
|
|
|
|
Series A, 5.75%, 05/01/44
|
|
60
|
61,583
|
|
Series A, 6.00%, 05/01/54
|
|
100
|
102,500
|
|
North Powerline Road Community Development District,
SAB, 5.63%, 05/01/52(d)
|
|
910
|
937,867
|
|
North River Ranch Community Development District,
SAB, Series A-2, 4.20%, 05/01/35
|
|
100
|
100,000
|
|
Ormond Crossings West Community Development
District(d)(h)
|
|
|
|
|
11/01/47
|
|
300
|
300,096
|
|
11/01/57
|
|
400
|
399,960
|
|
Parrish Lakes Community Development District, SAB,
5.80%, 05/01/54
|
|
595
|
600,570
|
|
Poitras East Community Development District, SAB,
5.00%, 05/01/43
|
|
690
|
702,942
|
|
Reflection Bay Community Development District, SAB
|
|
|
|
|
5.63%, 05/01/45
|
|
150
|
153,344
|
|
5.88%, 05/01/55
|
|
245
|
250,187
|
|
Seminole County Industrial Development Authority,
Refunding RB, 5.75%, 11/15/54
|
|
985
|
929,060
|
|
Security
|
|
Par
(000)
|
Value
|
|
Florida (continued)
|
|
||
|
Seminole Palms Community Development District, SAB,
5.50%, 05/01/55(d)
|
$
|
345
|
$ 336,860
|
|
Shadowlawn Community Development District, SAB,
5.85%, 05/01/54
|
|
225
|
225,511
|
|
Solaeris Community Development District, SAB, 6.00%,
05/01/45(d)
|
|
865
|
892,257
|
|
South Broward Hospital District, RB, (BAM-TCRS),
3.00%, 05/01/51
|
|
720
|
529,312
|
|
Sunrise Community Development District, SAB, 5.63%,
05/01/45(d)
|
|
1,350
|
1,337,502
|
|
Trout Creek Community Development District, SAB
|
|
|
|
|
5.38%, 05/01/38
|
|
430
|
439,027
|
|
5.50%, 05/01/49
|
|
1,100
|
1,110,341
|
|
Village Community Development District No. 14, SAB
|
|
|
|
|
5.38%, 05/01/42
|
|
1,050
|
1,083,021
|
|
5.50%, 05/01/53
|
|
775
|
788,998
|
|
Village Community Development District No. 16, SAB,
05/01/45(h)
|
|
1,350
|
1,348,407
|
|
Volusia County Educational Facility Authority, RB, 5.25%,
06/01/49
|
|
1,020
|
1,049,521
|
|
West Villages Improvement District, SAB
|
|
|
|
|
4.75%, 05/01/39
|
|
455
|
456,056
|
|
5.00%, 05/01/50
|
|
940
|
929,111
|
|
5.63%, 05/01/54
|
|
325
|
326,727
|
|
Westside Haines City Community Development District,
SAB, 6.00%, 05/01/54
|
|
245
|
250,793
|
|
|
|
|
76,871,804
|
|
Georgia — 1.0%
|
|
||
|
Atlanta Development Authority, TA(d)
|
|
|
|
|
Series A, 5.00%, 04/01/34
|
|
650
|
663,508
|
|
Series A, 5.50%, 04/01/39
|
|
1,005
|
1,032,514
|
|
Development Authority of Cobb County, RB, Series A,
6.38%, 06/15/58(d)
|
|
265
|
259,961
|
|
East Point Business & Industrial Development Authority,
RB, Series A, 5.25%, 06/15/62(d)
|
|
290
|
190,268
|
|
Gainesville & Hall County Hospital Authority, RB,
Series A, 4.00%, 02/15/51
|
|
855
|
754,320
|
|
Main Street Natural Gas, Inc., Refunding RB, Series E-1,
5.00%, 12/01/53(c)
|
|
1,195
|
1,286,881
|
|
|
|
|
4,187,452
|
|
Idaho — 0.1%
|
|
||
|
Idaho Housing & Finance Association, RB, Series A,
6.95%, 06/15/55(d)
|
|
580
|
589,242
|
|
Illinois — 8.0%
|
|
||
|
Chicago Board of Education, GO
|
|
|
|
|
Series A, 5.00%, 12/01/42
|
|
3,500
|
3,305,409
|
|
Series A, 6.25%, 12/01/50
|
|
2,330
|
2,435,675
|
|
Series C, 5.25%, 12/01/35
|
|
560
|
559,990
|
|
Series D, 5.00%, 12/01/46
|
|
2,155
|
1,955,405
|
|
Series H, 5.00%, 12/01/36
|
|
1,000
|
994,577
|
|
Chicago Board of Education, Refunding GO
|
|
|
|
|
Series B, 4.00%, 12/01/41
|
|
1,665
|
1,415,105
|
|
Series B, 12/01/44(h)
|
|
1,270
|
1,314,678
|
|
City of Chicago Illinois, GO, Series A, 6.00%, 01/01/50
|
|
1,970
|
2,066,497
|
|
City of Chicago Illinois, Refunding GO, Series A, 6.00%,
01/01/38
|
|
1,260
|
1,286,256
|
|
City of Marion Illinois Sales Tax Revenue, Refunding RB
|
|
|
|
|
6.38%, 06/01/45
|
|
715
|
714,015
|
|
6.63%, 06/01/55
|
|
1,320
|
1,324,680
|
|
Security
|
|
Par
(000)
|
Value
|
|
Illinois (continued)
|
|
||
|
County of Cook Illinois, RB, M/F Housing, 6.50%,
01/01/45
|
$
|
1,875
|
$ 1,887,985
|
|
Illinois Finance Authority, RB(d)
|
|
|
|
|
Class A, Sustainability Bonds, 5.00%, 07/01/51
|
|
2,000
|
1,421,841
|
|
Class A, Sustainability Bonds, 5.00%, 07/01/56
|
|
2,000
|
1,382,320
|
|
Illinois Finance Authority, Refunding RB
|
|
|
|
|
5.25%, 08/01/35(d)
|
|
375
|
381,272
|
|
Series C, 4.00%, 02/15/27(i)
|
|
1,425
|
1,449,898
|
|
Series C, 4.00%, 02/15/41
|
|
5
|
4,869
|
|
Illinois State Toll Highway Authority, RB, Series A, 4.00%,
01/01/46
|
|
1,795
|
1,662,455
|
|
Metropolitan Pier & Exposition Authority, RB, 5.00%,
06/15/57
|
|
1,020
|
1,015,512
|
|
Metropolitan Pier & Exposition Authority, RB, CAB,
Series A, 0.00%, 12/15/56(e)
|
|
1,315
|
279,307
|
|
Metropolitan Pier & Exposition Authority, Refunding RB,
4.00%, 06/15/50
|
|
2,920
|
2,524,977
|
|
Metropolitan Pier & Exposition Authority, Refunding RB,
CAB, 0.00%, 12/15/54(e)
|
|
12,685
|
2,993,295
|
|
State of Illinois, GO
|
|
|
|
|
5.50%, 05/01/30
|
|
530
|
569,367
|
|
5.50%, 05/01/39
|
|
1,055
|
1,129,790
|
|
Village of Lincolnshire Illinois, ST, 6.25%, 03/01/34
|
|
1,035
|
1,036,008
|
|
|
|
|
35,111,183
|
|
Indiana — 0.4%
|
|
||
|
City of Valparaiso Indiana, Refunding RB, AMT, 4.50%,
01/01/34(d)
|
|
235
|
243,139
|
|
Indiana Finance Authority, RB
|
|
|
|
|
Series A, 6.13%, 10/15/45(d)
|
|
250
|
249,877
|
|
Series A, 6.38%, 10/15/55(d)
|
|
195
|
195,700
|
|
Series A, AMT, 6.75%, 05/01/39
|
|
1,060
|
1,187,065
|
|
|
|
|
1,875,781
|
|
Iowa — 0.3%
|
|
||
|
Iowa Finance Authority, Refunding RB, Series A, 5.13%,
05/15/59
|
|
1,225
|
1,147,499
|
|
Kansas(d) — 0.2%
|
|
||
|
City of Shawnee Kansas, RB
|
|
|
|
|
5.00%, 08/01/41
|
|
230
|
211,698
|
|
5.00%, 08/01/56
|
|
850
|
706,169
|
|
|
|
|
917,867
|
|
Kentucky(d) — 0.5%
|
|
||
|
City of Henderson Kentucky, RB
|
|
|
|
|
Series A, AMT, 4.70%, 01/01/52
|
|
230
|
217,457
|
|
Series B, AMT, 4.45%, 01/01/42
|
|
2,000
|
1,974,686
|
|
|
|
|
2,192,143
|
|
Louisiana(d) — 0.8%
|
|
||
|
Louisiana Public Facilities Authority, RB
|
|
|
|
|
6.00%, 06/15/59
|
|
570
|
572,400
|
|
Series A, 6.50%, 06/01/62
|
|
280
|
252,968
|
|
Class R2, AMT, 6.50%, 10/01/53(c)
|
|
835
|
879,547
|
|
Parish of St. James Louisiana, RB, Series 2, 6.35%,
07/01/40
|
|
1,580
|
1,719,444
|
|
|
|
|
3,424,359
|
|
Maine — 0.9%
|
|
||
|
Finance Authority of Maine, RB
|
|
|
|
|
Series B, 9.50%, 06/01/32
|
|
250
|
128,223
|
|
Series A, AMT, 8.50%, 06/01/32
|
|
250
|
128,421
|
|
Security
|
|
Par
(000)
|
Value
|
|
Maine (continued)
|
|
||
|
Finance Authority of Maine, RB (continued)
|
|
|
|
|
AMT, Sustainability Bonds, 8.50%, 06/01/35
|
$
|
1,060
|
$ 541,137
|
|
Finance Authority of Maine, Refunding RB, AMT, 4.63%,
12/01/47(c)(d)
|
|
500
|
504,883
|
|
Maine Health & Higher Educational Facilities Authority,
Refunding RB, 4.00%, 07/01/37(d)
|
|
3,100
|
2,700,529
|
|
|
|
|
4,003,193
|
|
Maryland — 0.9%
|
|
||
|
City of Baltimore Maryland, RB, 4.88%, 06/01/42
|
|
325
|
328,997
|
|
Maryland Economic Development Corp., RB, 5.00%,
07/01/56
|
|
360
|
361,064
|
|
Maryland Health & Higher Educational Facilities
Authority, RB, 7.00%, 03/01/55(d)
|
|
3,010
|
3,070,248
|
|
|
|
|
3,760,309
|
|
Massachusetts(d) — 0.4%
|
|
||
|
Massachusetts Development Finance Agency, RB,
Series A-1, 6.38%, 07/15/45
|
|
1,075
|
1,087,702
|
|
Massachusetts Development Finance Agency, Refunding
RB, 5.00%, 10/01/57
|
|
500
|
482,806
|
|
|
|
|
1,570,508
|
|
Michigan — 0.4%
|
|
||
|
Advanced Technology Academy, Refunding RB, 5.00%,
11/01/44
|
|
415
|
390,391
|
|
Michigan Strategic Fund, RB
|
|
|
|
|
5.00%, 11/15/42
|
|
345
|
341,822
|
|
AMT, 5.00%, 12/31/43
|
|
1,200
|
1,201,301
|
|
|
|
|
1,933,514
|
|
Minnesota — 0.0%
|
|
||
|
City of Eagan Minnesota, RB, Series A, 6.38%,
02/01/55(d)
|
|
105
|
102,364
|
|
Missouri — 0.3%
|
|
||
|
Industrial Development Authority of the City of St. Louis
Missouri, Refunding RB, Series A, 4.38%, 11/15/35
|
|
685
|
628,491
|
|
Kansas City Industrial Development Authority, RB(d)
|
|
|
|
|
Series A-1, 5.00%, 06/01/46
|
|
375
|
365,992
|
|
Series A-1, 5.00%, 06/01/54
|
|
240
|
226,633
|
|
|
|
|
1,221,116
|
|
Nevada — 0.2%
|
|
||
|
Tahoe-Douglas Visitors Authority, RB
|
|
|
|
|
5.00%, 07/01/40
|
|
355
|
365,387
|
|
5.00%, 07/01/45
|
|
460
|
463,018
|
|
|
|
|
828,405
|
|
New Hampshire — 3.9%
|
|
||
|
New Hampshire Business Finance Authority, RB
|
|
|
|
|
5.38%, 12/01/31(d)
|
|
1,501
|
1,505,037
|
|
5.95%, 12/01/31(d)
|
|
419
|
420,776
|
|
5.88%, 12/15/33(d)
|
|
1,493
|
1,503,869
|
|
5.25%, 12/01/35(d)
|
|
1,632
|
1,632,293
|
|
5.38%, 12/15/35(d)
|
|
2,206
|
2,207,401
|
|
Series A, 4.13%, 08/15/40
|
|
530
|
479,549
|
|
Series A, 4.25%, 08/15/46
|
|
595
|
511,282
|
|
Series A, 4.50%, 08/15/55
|
|
1,235
|
1,029,226
|
|
New Hampshire Business Finance Authority, RB,
CAB(d)(e)
|
|
|
|
|
0.00%, 04/01/32
|
|
690
|
465,414
|
|
0.00%, 12/15/33
|
|
5,730
|
3,519,142
|
|
Security
|
|
Par
(000)
|
Value
|
|
New Hampshire (continued)
|
|
||
|
New Hampshire Business Finance Authority, RB, M/F
Housing
|
|
|
|
|
1st Series, Class B, 5.75%, 04/28/42
|
$
|
935
|
$ 976,103
|
|
Series 2025, Subordinate, 5.15%, 09/28/37
|
|
1,765
|
1,785,338
|
|
Series 2, Sustainability Bonds, 4.25%, 07/20/41
|
|
927
|
924,763
|
|
|
|
|
16,960,193
|
|
New Jersey — 5.7%
|
|
||
|
New Jersey Economic Development Authority, RB
|
|
|
|
|
6.00%, 10/01/43
|
|
1,530
|
1,531,409
|
|
Class A, 5.25%, 11/01/47
|
|
2,650
|
2,800,558
|
|
Series A, 5.00%, 07/01/37
|
|
260
|
260,239
|
|
Series A, 5.25%, 11/01/54(d)
|
|
1,675
|
1,444,857
|
|
Series B, 6.50%, 04/01/31
|
|
1,350
|
1,359,005
|
|
AMT, 5.38%, 01/01/43
|
|
2,155
|
2,156,928
|
|
New Jersey Economic Development Authority, Refunding
RB, Series A, 6.00%, 08/01/49(d)
|
|
500
|
500,038
|
|
New Jersey Health Care Facilities Financing Authority,
RB, 4.00%, 07/01/51
|
|
2,655
|
2,447,146
|
|
New Jersey Higher Education Student Assistance
Authority, RB, Series B, AMT, 4.25%, 12/01/45
|
|
400
|
397,696
|
|
New Jersey Transportation Trust Fund Authority, RB,
Series AA, 5.25%, 06/15/41
|
|
1,140
|
1,140,856
|
|
New Jersey Transportation Trust Fund Authority, RB,
CAB, Series A, 0.00%, 12/15/35(e)
|
|
8,950
|
6,305,621
|
|
Tobacco Settlement Financing Corp., Refunding RB,
Sub-Series B, 5.00%, 06/01/46
|
|
4,500
|
4,381,371
|
|
|
|
|
24,725,724
|
|
New York — 11.1%
|
|
||
|
Albany Capital Resource Corp., Refunding RB, 4.00%,
07/01/51(b)(g)
|
|
846
|
42,290
|
|
Build NYC Resource Corp., RB, Series A, 5.00%,
07/01/32
|
|
745
|
739,811
|
|
Build NYC Resource Corp., Refunding RB, AMT, 5.00%,
01/01/35(d)
|
|
290
|
290,262
|
|
Empire State Development Corp., RB, Series A, 4.00%,
03/15/49
|
|
2,020
|
1,867,565
|
|
Empire State Development Corp., Refunding RB, 3.00%,
03/15/48
|
|
9,655
|
7,359,844
|
|
Erie Tobacco Asset Securitization Corp., Refunding RB,
Series A, 5.00%, 06/01/45
|
|
2,890
|
2,386,799
|
|
Huntington Local Development Corp., RB, Series A,
5.25%, 07/01/56
|
|
185
|
149,802
|
|
Metropolitan Transportation Authority, Refunding RB
|
|
|
|
|
Series C-1, Sustainability Bonds, 4.75%, 11/15/45
|
|
740
|
742,373
|
|
Series C-1, Sustainability Bonds, 5.00%, 11/15/50
|
|
565
|
574,514
|
|
Series C-1, Sustainability Bonds, 5.25%, 11/15/55
|
|
840
|
864,390
|
|
New York City Housing Development Corp., RB, M/F
Housing, Series C-1A, 4.30%, 11/01/47
|
|
2,845
|
2,769,292
|
|
New York Counties Tobacco Trust IV, Refunding RB
|
|
|
|
|
Series A, 6.25%, 06/01/41(d)
|
|
4,617
|
4,442,669
|
|
Series A, 5.00%, 06/01/42
|
|
3,155
|
2,709,869
|
|
New York Counties Tobacco Trust VI, Refunding RB
|
|
|
|
|
Series A-2B, 5.00%, 06/01/45
|
|
215
|
188,137
|
|
Series A-2B, 5.00%, 06/01/51
|
|
4,340
|
3,664,534
|
|
New York Liberty Development Corp., Refunding RB
|
|
|
|
|
Class 2, 5.38%, 11/15/40(d)
|
|
1,080
|
1,080,199
|
|
Series A, Sustainability Bonds, 3.00%, 11/15/51
|
|
2,250
|
1,625,882
|
|
New York Transportation Development Corp., ARB, AMT,
5.63%, 04/01/40
|
|
745
|
782,282
|
|
New York Transportation Development Corp., RB
|
|
|
|
|
AMT, 5.00%, 10/01/35
|
|
780
|
815,937
|
|
Security
|
|
Par
(000)
|
Value
|
|
New York (continued)
|
|
||
|
New York Transportation Development Corp.,
RB (continued)
|
|
|
|
|
AMT, Sustainability Bonds, (AGM), 5.13%, 06/30/60
|
$
|
4,870
|
$ 4,893,683
|
|
AMT, Sustainability Bonds, (AGM), 5.25%, 06/30/60
|
|
3,465
|
3,527,307
|
|
New York Transportation Development Corp., Refunding
ARB, Series A, AMT, 5.38%, 08/01/36
|
|
1,490
|
1,555,964
|
|
State of New York Mortgage Agency Homeowner
Mortgage Revenue, RB, S/F Housing, Series 239,
Sustainability Bonds, (SONYMA), 2.70%, 10/01/47
|
|
3,370
|
2,437,781
|
|
Suffolk Regional Off-Track Betting Corp., RB, 5.00%,
12/01/34
|
|
605
|
623,505
|
|
TSASC, Inc., Refunding RB, Series B, 5.00%, 06/01/48
|
|
530
|
464,952
|
|
Ulster County Capital Resource Corp., RB, 09/15/59(d)(h)
|
|
500
|
494,357
|
|
Westchester County Local Development Corp.,
Refunding RB(d)
|
|
|
|
|
5.00%, 07/01/41
|
|
730
|
726,741
|
|
5.00%, 07/01/56
|
|
810
|
713,142
|
|
|
|
|
48,533,883
|
|
North Dakota — 0.4%
|
|
||
|
City of Grand Forks North Dakota, RB, Series A, (AGM),
5.00%, 12/01/48
|
|
1,765
|
1,816,428
|
|
Ohio — 2.2%
|
|
||
|
Buckeye Tobacco Settlement Financing Authority,
Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55
|
|
2,180
|
1,826,925
|
|
Buckeye Tobacco Settlement Financing Authority,
Refunding RB, CAB, Series B-3, Class 2, 0.00%,
06/01/57(e)
|
|
14,230
|
1,344,664
|
|
Cleveland-Cuyahoga County Port Authority, Refunding
RB(d)
|
|
|
|
|
Series A, 5.38%, 01/01/39
|
|
185
|
187,854
|
|
Series A, 5.88%, 01/01/49
|
|
425
|
422,004
|
|
County of Hamilton Ohio, Refunding RB, 5.00%,
01/01/46
|
|
875
|
845,929
|
|
County of Hardin Ohio, Refunding RB
|
|
|
|
|
5.00%, 05/01/30
|
|
240
|
238,680
|
|
5.25%, 05/01/40
|
|
240
|
225,917
|
|
5.50%, 05/01/50
|
|
1,130
|
1,008,044
|
|
Hickory Chase Community Authority, Refunding RB,
5.00%, 12/01/40(d)
|
|
355
|
360,380
|
|
Ohio Air Quality Development Authority, RB, AMT,
4.50%, 01/15/48(d)
|
|
3,290
|
3,059,451
|
|
|
|
|
9,519,848
|
|
Oklahoma — 2.1%
|
|
||
|
Oklahoma Development Finance Authority, RB
|
|
|
|
|
7.25%, 09/01/51(d)
|
|
4,520
|
4,527,903
|
|
Series B, 5.50%, 08/15/52
|
|
1,570
|
1,576,131
|
|
Tulsa Authority for Economic Opportunity, TA, 4.38%,
12/01/41(d)
|
|
325
|
302,042
|
|
Tulsa County Industrial Authority, Refunding RB, 5.25%,
11/15/37
|
|
750
|
760,438
|
|
Tulsa Municipal Airport Trust Trustees, Refunding ARB,
AMT, 6.25%, 12/01/40
|
|
1,815
|
2,035,436
|
|
|
|
|
9,201,950
|
|
Oregon(d) — 0.1%
|
|
||
|
Oregon State Facilities Authority, RB
|
|
|
|
|
Series A, 5.00%, 06/15/29
|
|
100
|
101,351
|
|
Series A, 5.00%, 06/15/39
|
|
565
|
547,721
|
|
|
|
|
649,072
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pennsylvania — 4.4%
|
|
||
|
Allegheny Community Broadband, Inc., RB(d)
|
|
|
|
|
7.75%, 09/01/45
|
$
|
205
|
$ 202,714
|
|
8.00%, 09/01/51
|
|
240
|
235,549
|
|
Allegheny County Airport Authority, ARB, Series A, AMT,
(AGM-CR), 4.00%, 01/01/56
|
|
5,240
|
4,565,604
|
|
Allentown Neighborhood Improvement Zone
Development Authority, RB(d)
|
|
|
|
|
5.00%, 05/01/42
|
|
3,435
|
3,508,217
|
|
Series A, 5.25%, 05/01/32
|
|
100
|
102,026
|
|
Series A, 5.25%, 05/01/42
|
|
100
|
100,069
|
|
Beaver County Industrial Development Authority,
Refunding RB, Series B, 3.75%, 10/01/47
|
|
1,110
|
933,434
|
|
Doylestown Hospital Authority, Refunding RB(d)
|
|
|
|
|
5.00%, 07/01/31
|
|
185
|
196,646
|
|
5.38%, 07/01/39
|
|
430
|
471,849
|
|
Lancaster Municipal Authority, RB, Series B, 5.00%,
05/01/59
|
|
390
|
375,162
|
|
Pennsylvania Economic Development Financing
Authority, RB, 6.88%, 09/01/47(d)
|
|
2,865
|
2,980,843
|
|
Pennsylvania Economic Development Financing
Authority, Refunding RB
|
|
|
|
|
Series B, 5.25%, 12/01/38(c)
|
|
670
|
675,595
|
|
Series C, 5.25%, 12/01/37(c)
|
|
1,170
|
1,180,486
|
|
AMT, 5.50%, 11/01/44
|
|
2,710
|
2,711,568
|
|
Pennsylvania Higher Education Assistance Agency, RB,
Sub-Series 1C, AMT, 5.00%, 06/01/51
|
|
245
|
239,003
|
|
School District of Philadelphia, GOL, Series A, (SAW),
5.50%, 09/01/48
|
|
580
|
618,428
|
|
|
|
|
19,097,193
|
|
Puerto Rico — 14.0%
|
|
||
|
Children’s Trust Fund, RB, Series A, 0.00%, 05/15/57(e)
|
|
32,150
|
1,518,936
|
|
Commonwealth of Puerto Rico, GO
|
|
|
|
|
Series A-1, Restructured, 5.63%, 07/01/27
|
|
—
(j)
|
2
|
|
Series A-1, Restructured, 5.63%, 07/01/29
|
|
1,190
|
1,270,838
|
|
Series A-1, Restructured, 5.75%, 07/01/31
|
|
2,153
|
2,387,848
|
|
Series A-1, Restructured, 4.00%, 07/01/35
|
|
4,100
|
4,027,443
|
|
Series A-1, Restructured, 4.00%, 07/01/41
|
|
141
|
129,091
|
|
Series A-1, Restructured, 4.00%, 07/01/46
|
|
682
|
602,031
|
|
Commonwealth of Puerto Rico, GO, CAB, Series A,
Restructured, 0.00%, 07/01/33(e)
|
|
1,765
|
1,272,970
|
|
Commonwealth of Puerto Rico, RB, 0.00%,
11/01/51(b)(c)(g)
|
|
27,967
|
16,570,373
|
|
Puerto Rico Electric Power Authority, RB
|
|
|
|
|
Series A, 7.00%, 07/01/33(b)(g)
|
|
3,295
|
2,174,700
|
|
Series A, 6.75%, 07/01/36(b)(g)
|
|
1,335
|
881,100
|
|
Series A, 5.00%, 07/01/42(b)(g)
|
|
910
|
600,600
|
|
Series A, 7.00%, 07/01/43(b)(g)
|
|
375
|
247,500
|
|
Series A-1, 10.00%, 07/01/19(b)(g)
|
|
75
|
49,563
|
|
Series A-2, 10.00%, 07/01/19(b)(g)
|
|
379
|
250,046
|
|
Series A-3, 10.00%, 07/01/19(b)(g)
|
|
323
|
213,187
|
|
Series B-3, 10.00%, 07/01/19(b)(g)
|
|
323
|
213,187
|
|
Series C-1, 5.40%, 01/01/18(b)(g)
|
|
887
|
585,719
|
|
Series C-2, 5.40%, 07/01/18(b)(g)
|
|
887
|
585,814
|
|
Series C-3, 5.40%, 01/01/20(b)(g)
|
|
90
|
59,216
|
|
Series C-4, 5.40%, 07/01/20(b)(g)
|
|
90
|
59,216
|
|
Series CCC, 5.25%, 07/01/26(b)(g)
|
|
260
|
171,600
|
|
Series CCC, 5.25%, 07/01/28(b)(g)
|
|
145
|
95,700
|
|
Series D-1, 7.50%, 01/01/20(b)(g)
|
|
761
|
502,110
|
|
Series D-4, 7.50%, 07/01/20(b)(g)
|
|
404
|
266,562
|
|
Series TT, 5.00%, 07/01/18(b)(g)
|
|
295
|
194,700
|
|
Series WW, 5.50%, 07/01/17(b)(g)
|
|
200
|
132,000
|
|
Series WW, 5.50%, 07/01/18(b)(g)
|
|
1,175
|
775,500
|
|
Security
|
|
Par
(000)
|
Value
|
|
Puerto Rico (continued)
|
|
||
|
Puerto Rico Electric Power Authority, RB (continued)
|
|
|
|
|
Series WW, 5.50%, 07/01/19(b)(g)
|
$
|
145
|
$ 95,700
|
|
Series WW, 5.50%, 07/01/20
|
|
1,595
|
1,052,700
|
|
Series WW, 5.38%, 07/01/22(b)(g)
|
|
1,310
|
864,600
|
|
Series WW, 5.25%, 07/01/33(b)(g)
|
|
120
|
79,200
|
|
Series WW, 5.50%, 07/01/38(b)(g)
|
|
205
|
135,300
|
|
Series XX, 5.25%, 07/01/17(b)(g)
|
|
110
|
72,600
|
|
Series XX, 5.25%, 07/01/35(b)(g)
|
|
645
|
425,700
|
|
Series XX, 5.75%, 07/01/36(b)(g)
|
|
860
|
567,600
|
|
Series XX, 5.25%, 07/01/40(b)(g)
|
|
1,020
|
673,200
|
|
Puerto Rico Electric Power Authority, Refunding RB(b)(g)
|
|
|
|
|
Series AAA, 5.25%, 07/01/22
|
|
2,545
|
1,679,700
|
|
Series AAA, 5.25%, 07/01/29
|
|
95
|
62,700
|
|
Series UU, 0.00%, 07/01/17(c)
|
|
60
|
39,600
|
|
Series UU, 0.00%, 07/01/18(c)
|
|
55
|
36,300
|
|
Series UU, 0.00%, 07/01/20(c)
|
|
495
|
326,700
|
|
Series UU, 1.00%, 07/01/31(c)
|
|
580
|
382,800
|
|
Series YY, 6.13%, 07/01/40
|
|
1,085
|
716,100
|
|
Series ZZ, 5.25%, 07/01/19
|
|
455
|
300,300
|
|
Series ZZ, 5.25%, 07/01/24
|
|
345
|
227,700
|
|
Series ZZ, 5.00%, 12/29/49
|
|
145
|
95,700
|
|
Puerto Rico Industrial Tourist Educational Medical &
Envirml Ctl Facs Fing Authority, ARB
|
|
|
|
|
Series A-1, AMT, 6.75%, 01/01/45
|
|
265
|
300,366
|
|
Series A-2, AMT, 6.50%, 01/01/42
|
|
175
|
198,307
|
|
Series A-2, AMT, 6.75%, 01/01/45
|
|
265
|
299,366
|
|
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB
|
|
|
|
|
Series A-1, Restructured, 4.75%, 07/01/53
|
|
1,912
|
1,807,800
|
|
Series A-1, Restructured, 5.00%, 07/01/58
|
|
5,390
|
5,234,986
|
|
Series A-2, Restructured, 4.54%, 07/01/53
|
|
21
|
19,022
|
|
Series A-2, Restructured, 4.78%, 07/01/58
|
|
2,080
|
1,956,025
|
|
Series A-2, Restructured, 4.33%, 07/01/40
|
|
1,559
|
1,511,442
|
|
Series B-1, Restructured, 4.55%, 07/01/40
|
|
2,402
|
2,382,288
|
|
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB, CAB(e)
|
|
|
|
|
Series A-1, Restructured, 0.00%, 07/01/29
|
|
200
|
176,807
|
|
Series A-1, Restructured, 0.00%, 07/01/33
|
|
1,023
|
774,594
|
|
Series A-1, Restructured, 0.00%, 07/01/46
|
|
7,133
|
2,482,516
|
|
Series B-1, Restructured, 0.00%, 07/01/46
|
|
883
|
307,313
|
|
|
|
|
61,122,584
|
|
Rhode Island — 0.4%
|
|
||
|
Central Falls Detention Facility Corp., Refunding RB,
7.25%, 07/15/35(b)(g)
|
|
4,190
|
1,634,100
|
|
Tobacco Settlement Financing Corp., RB, CAB, Series A,
0.00%, 06/01/52(e)
|
|
2,060
|
297,837
|
|
|
|
|
1,931,937
|
|
South Carolina — 1.3%
|
|
||
|
Patriots Energy Group Financing Agency, RB, Series A1,
5.25%, 10/01/54(c)
|
|
3,110
|
3,392,664
|
|
South Carolina Jobs-Economic Development Authority,
RB, 7.50%, 08/15/62(d)
|
|
605
|
540,373
|
|
South Carolina Jobs-Economic Development Authority,
RB, M/F Housing, Series A, 6.75%, 12/01/60(d)
|
|
1,590
|
1,683,099
|
|
|
|
|
5,616,136
|
|
Tennessee — 2.0%
|
|
||
|
Memphis-Shelby County Airport Authority, ARB, Series A,
AMT, 5.00%, 07/01/45
|
|
3,000
|
3,051,657
|
|
Security
|
|
Par
(000)
|
Value
|
|
Tennessee (continued)
|
|
||
|
Metropolitan Government Nashville & Davidson County
Industrial Development Board, SAB, CAB, 0.00%,
06/01/43(d)(e)
|
$
|
3,130
|
$ 1,333,783
|
|
Metropolitan Government Nashville & Davidson County
Sports Authority, RB, Series A, Senior Lien, (AGM),
5.25%, 07/01/48
|
|
1,610
|
1,702,872
|
|
Tennergy Corp., RB, Series A, 5.50%, 10/01/53(c)
|
|
2,520
|
2,732,610
|
|
|
|
|
8,820,922
|
|
Texas — 10.6%
|
|
||
|
Angelina & Neches River Authority, RB, Series A, AMT,
7.50%, 12/01/45(b)(d)(g)
|
|
715
|
15,416
|
|
Arlington Higher Education Finance Corp., RB, 7.88%,
11/01/62(d)
|
|
565
|
339,000
|
|
Central Texas Regional Mobility Authority, Refunding
RB(e)
|
|
|
|
|
0.00%, 01/01/28
|
|
1,000
|
936,093
|
|
0.00%, 01/01/29
|
|
2,000
|
1,814,764
|
|
0.00%, 01/01/30
|
|
1,170
|
1,030,441
|
|
0.00%, 01/01/33
|
|
3,690
|
2,929,258
|
|
0.00%, 01/01/34
|
|
4,000
|
3,043,320
|
|
City of Anna Texas, SAB, 5.75%, 09/15/54(d)
|
|
445
|
448,059
|
|
City of Buda Texas, SAB(d)
|
|
|
|
|
6.00%, 09/01/55
|
|
425
|
421,111
|
|
6.75%, 09/01/55
|
|
845
|
837,818
|
|
City of Celina Texas, SAB(d)
|
|
|
|
|
5.50%, 09/01/45
|
|
100
|
100,653
|
|
5.63%, 09/01/55
|
|
140
|
140,373
|
|
City of Corpus Christi Texas, SAB
|
|
|
|
|
5.38%, 09/15/31
|
|
100
|
103,878
|
|
6.13%, 09/15/44
|
|
198
|
197,738
|
|
6.50%, 09/15/54
|
|
297
|
298,030
|
|
City of Crandall Texas, SAB(d)
|
|
|
|
|
5.25%, 09/15/45
|
|
125
|
123,993
|
|
5.50%, 09/15/55
|
|
275
|
275,036
|
|
City of Fate Texas, SAB, 5.75%, 08/15/54(d)
|
|
110
|
110,851
|
|
City of Friendswood Texas, SAB, 7.00%, 09/15/54
|
|
850
|
856,224
|
|
City of Houston Texas Airport System Revenue, ARB
|
|
|
|
|
AMT, 4.00%, 07/15/41
|
|
3,350
|
3,073,633
|
|
Series A, AMT, 6.63%, 07/15/38
|
|
2,890
|
2,890,055
|
|
Series B, AMT, 5.50%, 07/15/38
|
|
510
|
553,722
|
|
City of Houston Texas Airport System Revenue,
Refunding RB
|
|
|
|
|
AMT, 5.00%, 07/01/29
|
|
4,700
|
4,700,029
|
|
Series C, AMT, 5.00%, 07/15/27
|
|
1,615
|
1,647,297
|
|
City of Oak Point Texas, SAB(d)
|
|
|
|
|
5.10%, 09/15/44
|
|
200
|
195,576
|
|
5.25%, 09/15/54
|
|
200
|
192,332
|
|
City of Princeton Texas, SAB(d)
|
|
|
|
|
4.38%, 09/01/31
|
|
47
|
47,185
|
|
5.00%, 09/01/44
|
|
100
|
97,942
|
|
5.13%, 09/01/44
|
|
150
|
145,293
|
|
5.25%, 09/01/54
|
|
200
|
200,484
|
|
5.38%, 09/01/54
|
|
247
|
248,366
|
|
City of San Marcos Texas, SAB(d)
|
|
|
|
|
4.00%, 09/01/32
|
|
100
|
96,991
|
|
4.50%, 09/01/51
|
|
480
|
417,494
|
|
City of Seagoville Texas, SAB, 6.00%, 09/15/54(d)
|
|
295
|
303,033
|
|
City of Sinton Texas, SAB(d)
|
|
|
|
|
5.13%, 09/01/42
|
|
858
|
846,296
|
|
5.25%, 09/01/51
|
|
1,195
|
1,177,546
|
|
Security
|
|
Par
(000)
|
Value
|
|
Texas (continued)
|
|
||
|
City of Terrell Texas, SAB, 7.00%, 09/15/55(d)
|
$
|
1,195
|
$ 1,222,487
|
|
Clifton Higher Education Finance Corp., RB, Series A,
6.00%, 06/15/54(d)
|
|
100
|
92,896
|
|
Club Municipal Management District No. 1, SAB, 5.38%,
09/01/55(d)
|
|
220
|
220,843
|
|
County of Denton Texas, SAB, 5.88%, 12/31/45(d)
|
|
520
|
536,435
|
|
New Hope Cultural Education Facilities Finance Corp.,
RB, 01/01/60(h)
|
|
1,900
|
1,851,428
|
|
New Hope Cultural Education Facilities Finance Corp.,
Refunding RB, Series A, 6.75%, 10/01/52
|
|
1,650
|
1,661,461
|
|
New Hope Higher Education Finance Corp., RB,
Series A, 5.75%, 06/15/51(d)
|
|
1,650
|
1,218,622
|
|
Port of Beaumont Navigation District, Refunding RB(d)
|
|
|
|
|
Series A, AMT, 3.63%, 01/01/35
|
|
1,270
|
1,182,494
|
|
Series A, AMT, 4.00%, 01/01/50
|
|
2,075
|
1,597,774
|
|
Texas Community Housing & Economic Development
Corp., RB, M/F Housing, Series A1, Senior Lien,
6.25%, 01/01/65(d)
|
|
1,635
|
1,529,942
|
|
Texas Municipal Gas Acquisition & Supply Corp. III,
Refunding RB, 5.00%, 12/15/32
|
|
860
|
939,027
|
|
Texas Private Activity Bond Surface Transportation
Corp., RB, AMT, Senior Lien, 5.50%, 12/31/58
|
|
3,155
|
3,281,957
|
|
|
|
|
46,190,696
|
|
Utah — 1.6%
|
|
||
|
Black Desert Public Infrastructure District, SAB, 5.63%,
12/01/53(d)
|
|
570
|
575,776
|
|
County of Utah, RB, Series A, 3.00%, 05/15/50
|
|
1,000
|
748,077
|
|
MIDA Mountain Veterans Program Public Infrastructure
District, TA, 5.20%, 06/01/54(d)
|
|
620
|
610,568
|
|
Mida Mountain Village Public Infrastructure District, TA,
Series 1, Subordinate, 5.13%, 06/15/54(d)
|
|
995
|
989,163
|
|
Ridges Estates Infrastructure Financing District, SAB,
6.25%, 12/01/53(d)
|
|
1,709
|
1,767,658
|
|
SkyRidge Pegasus Infrastructure Financing District,
SAB, 5.25%, 12/01/44(d)
|
|
1,485
|
1,466,503
|
|
Utah Charter School Finance Authority, RB, Series A,
5.00%, 06/15/52(d)
|
|
470
|
384,209
|
|
Utah Infrastructure Agency, RB
|
|
|
|
|
5.50%, 10/15/44
|
|
160
|
166,038
|
|
5.50%, 10/15/48
|
|
150
|
153,781
|
|
Wood Ranch Public Infrastructure District, SAB, 5.63%,
12/01/53(d)
|
|
185
|
187,032
|
|
|
|
|
7,048,805
|
|
Vermont — 0.8%
|
|
||
|
East Central Vermont Telecommunications District, RB,
Series A, 4.50%, 12/01/44(d)
|
|
4,000
|
3,299,025
|
|
Virginia — 2.4%
|
|
||
|
Hampton Roads Transportation Accountability
Commission, RB, Series A, Senior Lien, 4.00%,
07/01/55
|
|
2,435
|
2,263,874
|
|
James City County Economic Development Authority,
RB, Series A, 6.88%, 12/01/58
|
|
605
|
654,821
|
|
Lower Magnolia Green Community Development
Authority, SAB(d)
|
|
|
|
|
5.00%, 03/01/35
|
|
465
|
465,092
|
|
5.00%, 03/01/45
|
|
475
|
459,493
|
|
Norfolk Redevelopment & Housing Authority, RB
|
|
|
|
|
Series A, 4.00%, 01/01/29
|
|
245
|
243,119
|
|
Series A, 5.00%, 01/01/49
|
|
955
|
874,464
|
|
Security
|
|
Par
(000)
|
Value
|
|
Virginia (continued)
|
|
||
|
Tobacco Settlement Financing Corp., Refunding RB,
Series B-1, 5.00%, 06/01/47
|
$
|
2,125
|
$ 1,780,761
|
|
Virginia Beach Development Authority, RB
|
|
|
|
|
Series A, 7.00%, 09/01/53
|
|
600
|
660,098
|
|
Series B3, 5.38%, 09/01/29
|
|
425
|
428,261
|
|
Virginia Small Business Financing Authority, RB, AMT,
5.00%, 12/31/56
|
|
2,000
|
1,946,936
|
|
Virginia Small Business Financing Authority, Refunding
RB, AMT, Senior Lien, 4.00%, 01/01/48
|
|
840
|
743,077
|
|
|
|
|
10,519,996
|
|
Washington — 1.1%
|
|
||
|
Washington Health Care Facilities Authority, Refunding
RB, Series A, 5.50%, 09/01/55
|
|
700
|
743,408
|
|
Washington State Housing Finance Commission, RB(d)
|
|
|
|
|
6.00%, 07/01/59
|
|
100
|
102,209
|
|
Series A, 5.00%, 07/01/50
|
|
450
|
387,557
|
|
Series A, 5.75%, 01/01/53
|
|
275
|
265,667
|
|
Series A, 5.88%, 01/01/59
|
|
225
|
218,676
|
|
Series B2, 3.95%, 07/01/29
|
|
1,080
|
1,080,024
|
|
Washington State Housing Finance Commission,
Refunding RB
|
|
|
|
|
5.75%, 01/01/35(d)
|
|
315
|
315,066
|
|
6.00%, 01/01/45(d)
|
|
850
|
840,899
|
|
Series A, 5.00%, 07/01/43
|
|
340
|
344,319
|
|
Series A, 5.00%, 07/01/48
|
|
320
|
318,073
|
|
|
|
|
4,615,898
|
|
Wisconsin — 12.2%
|
|
||
|
Public Finance Authority, ARB, AMT, 4.25%, 07/01/54
|
|
1,595
|
1,324,163
|
|
Public Finance Authority, RB
|
|
|
|
|
6.25%, 10/01/31(b)(d)(g)
|
|
605
|
60,500
|
|
5.50%, 12/15/32(d)
|
|
2,000
|
1,996,957
|
|
5.75%, 12/15/33(d)
|
|
4,660
|
4,659,357
|
|
5.00%, 06/15/41(d)
|
|
345
|
297,176
|
|
7.00%, 10/01/47(b)(d)(g)
|
|
605
|
60,500
|
|
5.00%, 06/15/49
|
|
530
|
520,369
|
|
5.63%, 06/15/49(d)
|
|
2,420
|
2,228,198
|
|
5.00%, 06/15/53
|
|
355
|
344,283
|
|
5.75%, 12/01/54(d)
|
|
1,260
|
1,264,636
|
|
5.00%, 06/15/55(d)
|
|
895
|
690,532
|
|
5.00%, 01/01/56(d)
|
|
1,470
|
1,226,017
|
|
Class A, 5.00%, 06/15/56(d)
|
|
495
|
417,747
|
|
Class A, 6.45%, 04/01/60(d)
|
|
425
|
407,249
|
|
Series A, 7.75%, 07/01/43(d)
|
|
3,270
|
3,310,655
|
|
Series A, 5.00%, 12/15/44(d)
|
|
160
|
151,410
|
|
Series A, 6.85%, 11/01/46(b)(d)(g)
|
|
900
|
495,000
|
|
Series A, 7.00%, 11/01/46(b)(d)(g)
|
|
570
|
313,500
|
|
Series A, 5.63%, 06/15/49(d)
|
|
2,800
|
2,568,427
|
|
Series A, 5.25%, 12/01/51(d)
|
|
1,470
|
961,744
|
|
Series A, 5.00%, 06/15/55(d)
|
|
4,030
|
3,177,294
|
|
Series A, 4.75%, 06/15/56(d)
|
|
2,960
|
2,335,352
|
|
Series A, 7.50%, 07/01/59(d)
|
|
3,020
|
3,401,843
|
|
Series A, 7.25%, 01/01/61(d)
|
|
2,075
|
2,230,161
|
|
Series A-1, 4.50%, 01/01/35(d)
|
|
1,075
|
1,052,612
|
|
Series A-4, 5.50%, 11/15/32(d)
|
|
2,445
|
2,451,032
|
|
Series B, 0.00%, 01/01/35(d)(e)
|
|
1,440
|
849,266
|
|
Series B, 0.00%, 01/01/60(d)(e)
|
|
35,940
|
3,184,909
|
|
AMT, 5.75%, 12/31/65
|
|
1,865
|
1,931,665
|
|
AMT, 6.50%, 12/31/65
|
|
1,560
|
1,713,329
|
|
AMT, Sustainability Bonds, 4.00%, 09/30/51
|
|
1,025
|
850,347
|
|
AMT, Sustainability Bonds, 4.00%, 03/31/56
|
|
980
|
793,021
|
|
Security
|
|
Par
(000)
|
Value
|
|
Wisconsin (continued)
|
|
||
|
Public Finance Authority, RB, CAB(d)(e)
|
|
|
|
|
0.00%, 12/15/38
|
$
|
1,000
|
$ 458,806
|
|
0.00%, 12/15/42
|
|
3,195
|
969,126
|
|
Public Finance Authority, RB, M/F Housing, Series A,
Subordinate, 7.13%, 07/01/65(c)(d)
|
|
875
|
867,844
|
|
Wisconsin Health & Educational Facilities Authority, RB,
Series A, 5.75%, 08/15/59
|
|
1,700
|
1,743,146
|
|
Wisconsin Health & Educational Facilities Authority,
Refunding RB
|
|
|
|
|
4.00%, 12/01/46
|
|
1,145
|
1,043,004
|
|
4.00%, 01/01/47
|
|
910
|
755,647
|
|
|
|
|
53,106,824
|
|
Wyoming — 0.3%
|
|
||
|
University of Wyoming, RB, Series C, (AGM), 4.00%,
06/01/51
|
|
1,345
|
1,242,582
|
|
Total Municipal Bonds — 135.1%
(Cost: $608,025,575)
|
589,447,510
|
||
|
Municipal Bonds Transferred to Tender Option Bond Trusts(k)
|
|||
|
Illinois — 1.8%
|
|
||
|
Chicago O’Hare International Airport, Refunding ARB,
Series A, AMT, Senior Lien, 5.50%, 01/01/59
|
|
7,380
|
7,794,901
|
|
New York — 4.8%
|
|
||
|
New York City Housing Development Corp., RB, M/F
Housing, Series D-1B, Sustainability Bonds, 4.25%,
11/01/45
|
|
9,000
|
8,971,708
|
|
New York City Transitional Finance Authority Future Tax
Secured Revenue, RB, Series H-1, Subordinate,
5.00%, 11/01/50
|
|
6,780
|
7,086,517
|
|
New York State Dormitory Authority, Refunding RB,
Series A, 5.00%, 03/15/54(l)
|
|
4,577
|
4,774,753
|
|
|
|
|
20,832,978
|
|
Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 6.6%
(Cost: $28,429,231)
|
28,627,879
|
||
|
Total Long-Term Investments — 142.3%
(Cost: $638,024,806)
|
620,497,744
|
||
|
Security
|
|
Shares
|
Value
|
|
Short-Term Securities
|
|||
|
Money Market Funds — 1.1%
|
|
||
|
BlackRock Liquidity Funds, MuniCash, Institutional
Shares, 3.01%(m)(n)
|
|
4,780,337
|
$ 4,780,815
|
|
Total Short-Term Securities — 1.1%
(Cost: $4,780,815)
|
4,780,815
|
||
|
Total Investments — 143.4%
(Cost: $642,805,621)
|
625,278,559
|
||
|
Other Assets Less Liabilities — 1.0%
|
4,492,573
|
||
|
Liability for TOB Trust Certificates, Including Interest Expense and
Fees Payable — (4.3)%
|
(18,666,480
)
|
||
|
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —
(40.1)%
|
(174,946,851
)
|
||
|
Net Assets Applicable to Common Shares — 100.0%
|
$ 436,157,801
|
||
|
(a)
|
Security is valued using significant unobservable inputs and is classified as Level
3 in the
fair value hierarchy.
|
|
(b)
|
Non-income producing security.
|
|
(c)
|
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate
and
spread if published and available.
|
|
(d)
|
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933,
as amended. These securities may be resold in transactions exempt from registration
to
qualified institutional investors.
|
|
(e)
|
Zero-coupon bond.
|
|
(f)
|
Step coupon security. Coupon rate will either increase (step-up bond) or decrease
(step-
down bond) at regular intervals until maturity. Interest rate shown reflects the rate
currently in effect.
|
|
(g)
|
Issuer filed for bankruptcy and/or is in default.
|
|
(h)
|
When-issued security.
|
|
(i)
|
U.S. Government securities held in escrow, are used to pay interest on this security
as
well as to retire the bond in full at the date indicated, typically at a premium to
par.
|
|
(j)
|
Rounds to less than 1,000.
|
|
(k)
|
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates
received by the Fund. These bonds serve as collateral in a secured borrowing.
|
|
(l)
|
All or a portion of the security is subject to a recourse agreement. The aggregate
maximum potential amount the Fund could ultimately be required to pay under the
agreement, which expires on March 15, 2033, is $3,550,052.
|
|
(m)
|
Affiliate of the Fund.
|
|
(n)
|
Annualized 7-day yield as of period end.
|
|
Affiliated Issuer
|
Value at
07/31/25
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net
Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
10/31/25
|
Shares
Held at
10/31/25
|
Income
|
Capital Gain
Distributions
from
Underlying
Funds
|
|
BlackRock Liquidity Funds, MuniCash, Institutional Shares
|
$ 2,459,847
|
$ 2,320,968
(a)
|
$ —
|
$ —
|
$ —
|
$ 4,780,815
|
4,780,337
|
$ 18,575
|
$ —
|
|
(a)
|
Represents net amount purchased (sold).
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Common Stocks
|
$ —
|
$ —
|
$ 867,355
|
$ 867,355
|
|
Corporate Bonds
|
—
|
1,555,000
|
—
|
1,555,000
|
|
Municipal Bonds
|
—
|
589,447,510
|
—
|
589,447,510
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts
|
—
|
28,627,879
|
—
|
28,627,879
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
4,780,815
|
—
|
—
|
4,780,815
|
|
|
$4,780,815
|
$619,630,389
|
$867,355
|
$625,278,559
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Liabilities
|
|
|
|
|
|
TOB Trust Certificates
|
$—
|
$(18,552,437
)
|
$—
|
$(18,552,437
)
|
|
VRDP Shares at Liquidation Value
|
—
|
(175,000,000
)
|
—
|
(175,000,000
)
|
|
|
$—
|
$(193,552,437
)
|
$—
|
$(193,552,437
)
|
|
Portfolio Abbreviation
|
|
|
AGM
|
Assured Guaranty Municipal Corp.
|
|
AGM-CR
|
AGM Insured Custodial Receipt
|
|
AMT
|
Alternative Minimum Tax
|
|
ARB
|
Airport Revenue Bonds
|
|
BAM-TCRS
|
Build America Mutual Assurance Co. - Transferable
Custodial Receipts
|
|
CAB
|
Capital Appreciation Bonds
|
|
CR
|
Custodian Receipt
|
|
GO
|
General Obligation Bonds
|
|
GOL
|
General Obligation Ltd.
|
|
M/F
|
Multi-Family
|
|
Portfolio Abbreviation (continued)
|
|
|
RB
|
Revenue Bonds
|
|
S/F
|
Single-Family
|
|
SAB
|
Special Assessment Bonds
|
|
SAW
|
State Aid Withholding
|
|
SONYMA
|
State of New York Mortgage Agency
|
|
ST
|
Special Tax
|
|
TA
|
Tax Allocation
|