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Portfolio of Investments November 30, 2025
NAN
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 167.0% (100.0% of Total Investments)  
X
604,944,928
MUNICIPAL BONDS - 167.0%  (100.0% of Total Investments)
X
–
CONSUMER STAPLES - 6.0% (3.6% of Total Investments)
$
12,500,000
Erie County Tobacco Asset Securitization Corporation, New York,
Tobacco Settlement Asset-Backed Bonds, Series 2005A
5
.000
%
06/01/38
$
11,556,701
3,210,000
Erie County Tobacco Asset Securitization Corporation, New York,
Tobacco Settlement Asset-Backed Bonds, Series 2005A
5
.000
06/01/45
2,662,179
120,000
New York Counties Tobacco Trust VI, New York, Tobacco
Settlement Pass-Through Bonds, Series Series 2016A-1
5
.625
06/01/35
121,955
1,145,000
New York Counties Tobacco Trust VI, New York, Tobacco
Settlement Pass-Through Bonds, Series Series 2016A-1
5
.750
06/01/43
1,114,247
7,155,000
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006
5
.000
06/01/48
6,304,317
TOTAL CONSUMER STAPLES
21,759,399
EDUCATION AND CIVIC ORGANIZATIONS - 11.3% (6.7% of Total Investments)
2,780,000
Buffalo and Erie County Industrial Land Development
Corporation, New York, Revenue Bonds, Enterprise Charter
School Project, Series 2011A
7
.500
12/01/40
2,779,870
340,000
Build New York City Resource Corporation, New York, Revenue
Bonds, Classical Charter Schools Series 2023A
4
.500
06/15/43
315,991
550,000
Build New York City Resource Corporation, New York, Revenue
Bonds, Classical Charter Schools Series 2023A
4
.750
06/15/58
493,992
400,000
Build New York City Resource Corporation, New York, Revenue
Bonds, KIPP New York City Public School Facilities, Canal West
Project, Series 2022
5
.250
07/01/52
404,209
1,000,000
Build New York City Resource Corporation, New York, Revenue
Bonds, KIPP New York City Public School Facilities, Canal West
Project, Series 2022
5
.250
07/01/57
1,007,742
200,000
Build New York City Resource Corporation, New York, Revenue
Bonds, KIPP New York City Public School Facilities, Canal West
Project, Series 2022
5
.250
07/01/62
200,993
1,405,000
(a)
Build New York City Resource Corporation, New York, Revenue
Bonds, Metropolitan College of New York, Series 2014
5
.250
11/01/34
983,500
1,300,000
(a)
Build New York City Resource Corporation, New York, Revenue
Bonds, Metropolitan College of New York, Series 2014
5
.000
11/01/39
910,000
870,000
(b)
Build NYC Resource Corporation Revenue Bonds, New York, East
Harlem Scholars Academy Charter School Project, Series 2022
(Social Bonds)
5
.750
06/01/62
848,088
1,000,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Albert Einstein College of Medicine, Inc, Series 2023
7
.250
06/01/55
1,040,893
1,000,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Family Life Academy Charter School, Series 2020A-1
5
.250
06/01/40
970,345
290,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Richmond Preparatory Charter School Project, Social Impact
Project Series 2021A
5
.000
06/01/41
259,438
1,000,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Richmond Preparatory Charter School Project, Social Impact
Project Series 2021A
5
.000
06/01/51
810,224
1,670,000
(b)
Dormitory Authority of the State of New York, General Revenue
Bonds, American Musical and Dramatic Academy Inc., Series
2023A
7
.250
07/01/53
1,705,410
4,030,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Yeshiva University, Series 2022A
5
.000
07/15/50
3,962,965
2,000,000
Dormitory Authority of the State of New York, Housing Revenue
Bonds, Fashion Institute of Technology, Series 2007 - FGIC
Insured
5
.250
07/01/29
2,060,373
1,565,000
Dormitory Authority of the State of New York, Revenue Bonds,
Fordham University, Series 2020
4
.000
07/01/46
1,457,305
1,055,000
Dormitory Authority of the State of New York, Revenue Bonds,
New York University, Series 2016A
5
.000
07/01/35
1,064,629
2,000,000
Dormitory Authority of the State of New York, Revenue Bonds,
New York University, Series 2016A
5
.000
07/01/36
2,017,559
2,625,000
Dormitory Authority of the State of New York, Revenue Bonds,
Rockefeller University, Series 2020A
5
.000
07/01/53
2,686,907
Portfolio of Investments November 30, 2025
(continued)
NAN
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
EDUCATION AND CIVIC ORGANIZATIONS
(continued)
$
3,140,000
(b)
Dormitory Authority of the State of New York, Revenue Bonds,
Vaughn College of Aeronautics & Technology, Series 2016A
5
.500
%
12/01/36
$
2,983,144
2,705,000
Glen Cove Local Economic Assistance Corporation, New York,
Revenue Bonds, Garvies Point Public Improvement Project,
Capital Appreciation Series 2016C
5
.625
01/01/55
2,466,051
1,005,000
Hempstead Town Local Development Corporation, New York,
Revenue Bonds, Adelphi University Project, Series 2013
5
.000
09/01/38
1,005,792
265,000
Hempstead Town Local Development Corporation, New York,
Revenue Bonds, Adelphi University Project, Series 2013
5
.000
09/01/43
265,093
5,000,000
New York City Industrial Development Agency, New York, PILOT
Payment in Lieu of Taxes Revenue Bonds, Yankee Stadium
Project, Series 2020A
4
.000
03/01/45
4,673,102
2,055,000
New York City Industrial Development Agency, New York, PILOT
Payment in Lieu of Taxes Revenue Bonds, Yankee Stadium
Project, Series 2020A - AGM Insured
4
.000
03/01/45
1,967,233
1,515,000
Onondaga Civic Development Corporation, New York, Revenue
Bonds, Le Moyne College Project, Series 2015
5
.000
07/01/40
1,515,623
TOTAL EDUCATION AND CIVIC ORGANIZATIONS
40,856,471
FINANCIALS - 3.8% (2.3% of Total Investments)
4,725,000
Liberty Development Corporation, New York, Goldman Sachs
Headquarter Revenue Bonds, Series 2005
5
.250
10/01/35
5,545,526
6,885,000
Liberty Development Corporation, New York, Goldman Sachs
Headquarters Revenue Bonds Series 2007
5
.500
10/01/37
8,279,121
TOTAL FINANCIALS
13,824,647
HEALTH CARE - 28.0% (16.8% of Total Investments)
4,000,000
Albany Capital Resource Corporation, New York, Revenue Bonds,
Albany Medical Center Hospital Series 2025A
5
.500
05/01/55
4,312,591
11,020,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A
4
.250
05/01/52
10,347,589
4,745,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A
5
.000
05/01/52
4,785,349
3,000,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2024A
4
.000
05/01/54
2,697,083
7,950,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2024A
5
.250
05/01/54
8,293,850
5,000,000
Dormitory Authority of the State of New York, Revenue Bonds,
Memorial Sloan Kettering Cancer Center Series 2022-1A
4
.000
07/01/51
4,597,189
2,420,000
Dormitory Authority of the State of New York, Revenue Bonds,
Montefiore Obligated Group, Series 2018A
5
.000
08/01/30
2,498,490
4,275,000
Dormitory Authority of the State of New York, Revenue Bonds,
Montefiore Obligated Group, Series 2018A
5
.000
08/01/33
4,381,421
3,060,000
Dormitory Authority of the State of New York, Revenue Bonds,
Montefiore Obligated Group, Series 2018A
5
.000
08/01/34
3,128,696
3,195,000
Dormitory Authority of the State of New York, Revenue Bonds,
Mount Sinai Health Obligated Group, Series 2025
5
.250
07/01/50
3,223,789
9,150,000
Dormitory Authority of the State of New York, Revenue Bonds,
NYU Langone Hospitals Obligated Group, Series 2020A
4
.000
07/01/50
8,289,444
3,820,000
Dormitory Authority of the State of New York, Revenue Bonds,
NYU Langone Hospitals Obligated Group, Series 2020A
4
.000
07/01/53
3,422,533
2,000,000
(b)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series 2015
5
.000
12/01/40
1,905,268
700,000
(b)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series 2017
5
.000
12/01/32
706,325
5,900,000
(b)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series 2017
5
.000
12/01/35
5,919,681
1,625,000
Dormitory Authority of the State of New York, Revenue Bonds,
Roswell Park Cancer Institute Obligated Group, Series 2025A
5
.500
07/01/55
1,760,163
220,000
Dormitory Authority of the State of New York, Revenue Bonds,
White Plains Hospital, Series 2024
5
.250
10/01/49
224,256
1,920,000
Dormitory Authority of the State of New York, Revenue Bonds,
White Plains Hospital, Series 2024
5
.500
10/01/54
2,064,472
870,000
Dutchess County Local Development Corporation, New York,
Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B
4
.000
07/01/41
833,265
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
HEALTH CARE
(continued)
$
8,300,000
Dutchess County Local Development Corporation, New York,
Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B
5
.000
%
07/01/46
$
8,247,973
1,405,000
(c)
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2025A
5
.250
12/01/50
1,446,952
1,530,000
(c)
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2025A
5
.500
12/01/55
1,603,205
480,000
Livingston County Industrial Development Agency, New York,
Civic Facility Revenue Bonds, Nicholas H. Noyes Hospital, Series
2005
6
.000
07/01/30
480,878
2,410,000
Monroe County Industrial Development Corporation, New York,
Revenue Bonds, Rochester General Hospital Project, Series 2017
5
.000
12/01/46
2,404,105
4,470,000
Monroe County Industrial Development Corporation, New York,
Revenue Bonds, Rochester Regional Health Project, Series 2020A
4
.000
12/01/46
3,919,900
620,000
New York State Dormitory Authority, Revenue Bonds, Memorial
Sloan-Kettering Cancer Center Series 2025-I
5
.250
07/01/54
667,903
9,795,000
Westchester County Local Development Corporation, New York,
Revenue Bonds, Westchester Medical Center Obligated Group
Project, Refunding Series 2016
5
.000
11/01/46
9,065,429
240,000
Westchester County Local Development Corporation, New York,
Revenue Bonds, Westchester Medical Center Obligated Group
Project, Series 2023
6
.250
11/01/52
242,680
TOTAL HEALTH CARE
101,470,479
HOUSING/MULTIFAMILY - 0.6% (0.4% of Total Investments)
1,900,000
New York City Housing Development Corporation, New York,
Multifamily Housing Revenue Bonds, Sustainable Development
Series 2024B-1-A
4
.650
11/01/49
1,890,557
325,000
(b)
New York City Housing Development Corporation, New York,
Multi-Family Mortgage Revenue Bonds, 8 Spruce Street, Class F
Series 2024
5
.250
12/15/31
334,825
TOTAL HOUSING/MULTIFAMILY
2,225,382
HOUSING/SINGLE FAMILY - 0.1% (0.1% of Total Investments)
430,000
Guam Housing Corporation, Mortgage-Backed Securities
Program Single Family Mortgage Revenue Bonds, Series 1998A,
(AMT)
5
.750
09/01/31
433,419
TOTAL HOUSING/SINGLE FAMILY
433,419
INDUSTRIALS - 6.0% (3.6% of Total Investments)
7,625,000
(b)
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 3 World Trade Center Project, Class 1 Series
2014
5
.000
11/15/44
7,625,028
2,500,000
(b)
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 3 World Trade Center Project, Class 2 Series
2014
5
.375
11/15/40
2,500,007
40,000
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 7 World Trade Center Project, Refunding Green
Series 2022A-CL2
3
.500
09/15/52
32,500
4,200,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
10/31/41
4,010,756
1,060,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
10/31/46
952,829
7,750,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
04/30/53
6,673,641
TOTAL INDUSTRIALS
21,794,761
LONG-TERM CARE - 0.4% (0.2% of Total Investments)
1,045,000
Dormitory Authority of the State of New York, Non-State
Supported Debt, Ozanam Hall of Queens Nursing Home
Revenue Bonds, Series 2006
5
.000
11/01/31
1,059,520
340,000
Monroe County Industrial Development Corporation, New York,
Revenue Bonds, Saint Anns Community Project, Series 2019
5
.000
01/01/40
333,448
TOTAL LONG-TERM CARE
1,392,968
Portfolio of Investments November 30, 2025
(continued)
NAN
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MATERIALS - 0.5% (0.3% of Total Investments)
$
1,860,000
(b)
Build New York City Resource Corporation, New York, Solid
Waste Disposal Revenue Bonds, Pratt Paper NY, Inc. Project,
Series 2014, (AMT)
5
.000
%
01/01/35
$
1,861,629
TOTAL MATERIALS
1,861,629
TAX OBLIGATION/GENERAL - 8.7% (5.2% of Total Investments)
3,000,000
Nassau County, New York, General Obligation Bonds, General
Improvement Bonds Series 2019B - AGM Insured
5
.000
04/01/44
3,125,046
4,390,000
New York City, New York, General Obligation Bonds, Fiscal 2018
Series E-1
5
.000
03/01/40
4,502,629
2,200,000
New York City, New York, General Obligation Bonds, Fiscal 2018
Series F-1
5
.000
04/01/38
2,272,275
3,110,000
New York City, New York, General Obligation Bonds, Fiscal 2021
Series C
5
.000
08/01/43
3,227,022
4,210,000
New York City, New York, General Obligation Bonds, Fiscal 2023
Series B-1
5
.250
10/01/47
4,417,798
12,000,000
New York City, New York, General Obligation Bonds, Fiscal 2026
Series D
5
.250
10/01/55
12,621,109
1,506,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/41
1,392,602
TOTAL TAX OBLIGATION/GENERAL
31,558,481
TAX OBLIGATION/LIMITED - 47.2% (28.2% of Total Investments)
10,000,000
Battery Park City Authority, New York, Revenue Bonds, Senior
Sustainability Series 2019A
5
.000
11/01/49
10,356,804
7,500,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose Series 2024A
4
.000
03/15/54
6,881,613
7,710,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose, Bidding Group 1
Through 5, Series 2020A
4
.000
03/15/44
7,423,493
1,135,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose, Series 2019D
4
.000
02/15/38
1,148,254
1,000,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose, Series 2021A
5
.000
03/15/49
1,026,644
5,000,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2017A
5
.000
03/15/44
5,064,734
3,990,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2018A
5
.000
03/15/40
4,128,161
1,000,000
Hudson Yards Infrastructure Corporation, New York, Revenue
Bonds, Green Fiscal 2022 Series A
4
.000
02/15/36
1,041,506
1,660,000
Metropolitan Transportation Authority, New York, Dedicated Tax
Fund Bonds, Green Series 2024A
4
.000
11/15/51
1,553,139
7,265,000
Metropolitan Transportation Authority, New York, Dedicated Tax
Fund Bonds, Series 2022A
4
.000
11/15/42
7,199,943
890,000
New York City Transitional Finance Authority, New York, Building
Aid Revenue Bonds, Fiscal Series 2016S-1
5
.000
07/15/35
892,640
2,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2017 Series E-1
5
.000
02/01/43
2,022,965
5,295,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025D
4
.250
05/01/54
5,060,020
11,225,000
(d)
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Series 2024C, (UB)
5
.250
05/01/50
11,810,672
5,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Series 2024C
5
.500
05/01/53
5,356,073
14,830,000
(d)
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Series 2024C, (UB)
5
.500
05/01/53
15,886,113
4,995,000
New York State Dormitory Authority, Personal Income Tax
Revenue Bonds, General Purpose Series 2019A
4
.000
03/15/49
4,581,995
3,730,000
New York State Thruway Authority, State Personal Income Tax
Revenue Bonds, Bidding Group 1 Series 2022A
5
.000
03/15/45
3,923,183
10,000,000
(d)
New York State Thruway Authority, State Personal Income Tax
Revenue Bonds, Series 2025A-3, (UB)
5
.000
03/15/48
10,472,043
4,135,000
New York State Urban Development Corporation, State Personal
Income Tax Revenue Bonds, General Purpose, Series 2020C
5
.000
03/15/47
4,267,371
3,000,000
New York State Urban Development Corporation, State Personal
Income Tax Revenue Bonds, General Purpose, Series 2020C
4
.000
03/15/49
2,770,398
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TAX OBLIGATION/LIMITED
(continued)
$
7,700,000
New York State Urban Development Corporation, State Personal
Income Tax Revenue Bonds, General Purpose, Series 2022A
5
.000
%
03/15/48
$
7,980,767
4,415,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Restructured 2018A-1
0
.000
07/01/46
1,505,505
11,014,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Restructured 2018A-1
0
.000
07/01/51
2,744,873
22,975,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Restructured 2018A-1
5
.000
07/01/58
22,399,839
32,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Taxable Restructured Cofina Project Series 2019A-2
4
.536
07/01/53
29,188
1,000,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue
Bonds, Taxable Restructured Cofina Project Series 2019A-2
4
.784
07/01/58
944,070
2,000,000
Syracuse Industrial Development Authority, New York, PILOT
Revenue Bonds, Carousel Center Project, Refunding Series
2016A, (AMT)
5
.000
01/01/29
1,641,075
1,000,000
Syracuse Industrial Development Authority, New York, PILOT
Revenue Bonds, Carousel Center Project, Refunding Series
2016A, (AMT)
5
.000
01/01/35
763,085
5,000,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Bonds, Senior Lien Series 2021B-1
5
.000
05/15/56
5,045,919
3,800,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Bonds, Senior Lien Series 2022 A
4
.000
05/15/51
3,475,027
1,000,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Bonds, Senior Lien Subseries 2021A-1
5
.000
05/15/51
1,031,809
1,065,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Senior Lien Bonds, Series 2022C
4
.125
05/15/52
994,325
1,785,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Senior Lien Bonds, Series 2022C
5
.250
05/15/52
1,863,930
7,080,000
Triborough Bridge and Tunnel Authority, New York, Sales Tax
Revenue Bonds, MTA Bridges & Tunnels, TBTA Capital Lockbox-
City Sales Tax, Series 2024A-1
5
.250
05/15/59
7,460,457
TOTAL TAX OBLIGATION/LIMITED
170,747,633
TRANSPORTATION - 44.6% (26.7% of Total Investments)
2,610,000
Build NYC Resource Corporation, New York, Airport Facilities
Revenue Bonds. TrIPs Obligated Group, Senior Series 2025,
(AMT)
5
.500
07/01/50
2,728,673
5,425,000
Metropolitan Transportation Authority, New York, Transportation
Revenue Bonds, Green Climate Bond Certified Series 2016A-1
5
.000
11/15/46
5,435,432
1,110,000
Metropolitan Transportation Authority, New York, Transportation
Revenue Bonds, Green Climate Bond Certified Series 2020C-1
5
.000
11/15/50
1,129,057
5,000,000
Metropolitan Transportation Authority, New York, Transportation
Revenue Bonds, Refunding Green Series 2016B
5
.000
11/15/37
5,066,957
11,920,000
Metropolitan Transportation Authority, New York, Transportation
Revenue Bonds, Series 2016C-1
5
.250
11/15/56
11,968,203
200,000
(a)
New York City Industrial Development Agency, New York, Civic
Facility Revenue Bonds, Bronx Parking Development Company,
LLC Project, Series 2007
5
.750
10/01/37
128,000
5,500,000
(a)
New York City Industrial Development Agency, New York, Civic
Facility Revenue Bonds, Bronx Parking Development Company,
LLC Project, Series 2007
5
.875
10/01/46
3,520,000
5,495,000
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, Secured by Port Authority Consolidated Bonds,
Refunding Series 1WTC-2021 - BAM Insured
4
.000
02/15/43
5,385,946
5,000,000
New York State Thruway Authority, General Revenue Bonds,
Series 2020N
4
.000
01/01/42
4,983,404
3,000,000
New York State Thruway Authority, General Revenue Bonds,
Series 2020N
4
.000
01/01/43
2,954,737
2,190,000
New York State Thruway Authority, General Revenue Junior
Indebtedness Obligations, Series 2016A
5
.250
01/01/56
2,190,587
1,000,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.000
07/01/46
997,539
Portfolio of Investments November 30, 2025
(continued)
NAN
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TRANSPORTATION
(continued)
$
13,895,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.250
%
01/01/50
$
13,894,855
7,450,000
New York Transportation Development Corporation, New York,
Special Facilities Revenue Bonds, Terminal 6 John F Kennedy
International Airport Redevelopment Project, Senior Green Series
2024A, (AMT)
5
.500
12/31/60
7,615,625
770,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Refunding Series 2016,
(AMT)
5
.000
08/01/26
770,200
9,730,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Refunding Series 2016,
(AMT)
5
.000
08/01/31
9,734,783
400,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Series 2020, (AMT)
5
.375
08/01/36
417,982
6,850,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2023 - BAM
Insured, (AMT)
5
.375
06/30/60
6,990,413
1,000,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024, (AMT)
5
.500
06/30/60
1,013,599
6,950,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport Terminal One Project, Green Series 2025, (AMT)
6
.000
06/30/55
7,415,189
1,340,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, New Terminal 1 John F Kennedy
International Airport Project, Green Series 2023, (AMT)
6
.000
06/30/54
1,393,969
140,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2020A, (AMT)
4
.000
12/01/40
135,893
1,250,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2020C
5
.000
12/01/34
1,356,768
5,825,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2022, (AMT)
5
.000
12/01/35
6,289,395
8,515,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/27
8,659,545
2,000,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/31
2,063,336
2,745,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/36
2,790,889
3,100,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2023, (AMT)
6
.000
04/01/35
3,422,711
5,000,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, One Hundred Ninety-Eighth Series 2016
5
.250
11/15/56
5,018,261
3,975,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Fifth Series 2017
5
.000
11/15/47
4,047,259
4,000,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Forty Second Series 2023, (AMT)
5
.000
12/01/53
4,071,548
5,000,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Twentieth Series 2019, (AMT)
4
.000
11/01/59
4,363,729
2,810,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Twenty-One Series 2020, (AMT)
4
.000
07/15/55
2,489,302
5,340,000
Triborough Bridge and Tunnel Authority, New York, General
Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2017A
5
.000
11/15/47
5,403,893
7
All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TRANSPORTATION
(continued)
$
3,500,000
Triborough Bridge and Tunnel Authority, New York, General
Purpose Revenue Bonds, Refunding Subordinate Lien Series
2017A2
5
.000
%
11/15/42
$
3,562,929
3,000,000
Triborough Bridge and Tunnel Authority, New York, General
Revenue Bonds, MTA Bridges & Tunnels, Series 2020A
4
.000
11/15/54
2,777,198
10,000,000
Triborough Bridge and Tunnel Authority, New York, General
Revenue Bonds, MTA Bridges & Tunnels, Series 2022A
4
.000
11/15/52
9,283,637
TOTAL TRANSPORTATION
161,471,443
U.S. GUARANTEED - 0.0% (e)(0.0% of Total Investments)
5,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose, Series 2019A,
(Pre-refunded 3/15/29)
4
.000
03/15/49
5,232
TOTAL U.S. GUARANTEED
5,232
UTILITIES - 9.8% (5.9% of Total Investments)
2,945,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Green Series 2023E
5
.000
09/01/53
3,062,420
1,310,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Series 2016B
5
.000
09/01/46
1,315,634
90,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Series 2017
5
.000
09/01/42
92,124
5,000,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2025 Series BB
5
.250
06/15/55
5,312,379
3,680,000
New York State Environmental Facilities Corporation, State Clean
Water and Drinking Water Revolving Funds Revenue Bonds, New
York City Municipal Water Finance Authority Projects-Second
Resolution Bonds, Subordinated SRF Series 2017A
5
.000
06/15/46
3,737,349
7,500,000
New York State Environmental Facilities Corporation, State Clean
Water and Drinking Water Revolving Funds Revenue Bonds, New
York City Municipal Water Finance Authority Projects-Second
Resolution Bonds, Subordinated SRF Series 2017E
5
.000
06/15/47
7,610,276
2,740,000
New York State Power Authority, General Revenue Bonds, Green
Series 2024A
4
.000
11/15/54
2,511,428
5,000,000
New York State Power Authority, General Revenue Bonds, Series
2020A
4
.000
11/15/55
4,566,657
2,270,000
New York State Power Authority, Green Transmission Project
Revenue Bonds, Green Series 2023A - AGM Insured
5
.000
11/15/48
2,401,194
1,920,000
(b)
Niagara Area Development Corporation, New York, Solid Waste
Disposal Facility Revenue Refunding Bonds, Covanta Energy
Project, Series 2018A, (AMT)
4
.750
11/01/42
1,723,241
1,940,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds,
Refunding Senior Lien Series 2020A
5
.000
07/01/47
1,909,704
1,250,000
Utility Debt Securitization Authority, New York, Restructuring
Bonds, Series 2017
5
.000
12/15/38
1,300,578
TOTAL UTILITIES
35,542,984
TOTAL MUNICIPAL BONDS
(Cost $605,731,450)
604,944,928
TOTAL LONG-TERM INVESTMENTS
(Cost $605,731,450)
604,944,928
BORROWINGS - 0.0% (f)
(
170,000
)
FLOATING RATE OBLIGATIONS - (8.0)%  
(
28,840,000
)
AMTP SHARES, NET - (35.0)% (g)
(
126,970,825
)
VRDP SHARES, NET - (24.4)% (h)
(
88,352,564
)
OTHER ASSETS & LIABILITIES, NET - 0.4%
1,711,735
NET ASSETS APPLICABLE TO COMMON SHARES - 100%
$
362,323,274
AMT
Alternative Minimum Tax
UB
Underlying bond of an inverse floating rate trust reflected as a financing transaction. Inverse floating rate trust is a Recourse Trust
unless otherwise noted.
Portfolio of Investments November 30, 2025
(continued)
NAN
8
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value
them:
(a)
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of
bankruptcy.
(b)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $33,103,250 or 5.5% of Total Investments.
(c)
When-issued or delayed delivery security.
(d)
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse
floating rate transactions.
(e)
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely
payment of principal and interest.
(f)
Borrowings as a percentage of Total Investments is 0.0%.
(g)
AMTP Shares, Net as a percentage of Total Investments is 21.0%.
(h)
VRDP Shares, Net as a percentage of Total Investments is 14.6%.
NAN
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Municipal Bonds
$
–
$
604,944,928
$
–
$
604,944,928
Total
$
–
$
604,944,928
$
–
$
604,944,928