|
2025 Quarterly Report
(Unaudited)
|
|
BlackRock Municipal 2030 Target Term Trust (BTT)
|
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
|
Security
|
|
Par
(000)
|
Value
|
|
Municipal Bonds
|
|||
|
Alabama — 9.2%
|
|
||
|
Alabama Economic Settlement Authority, RB, Series A,
4.00%, 09/15/33
|
$
|
5,000
|
$ 5,004,987
|
|
Alabama Public School and College Authority,
Refunding RB, Series A, Sustainability Bonds,
5.00%, 11/01/30
|
|
11,900
|
13,276,367
|
|
Alabama Special Care Facilities Financing Authority-
Birmingham Alabama, Refunding RB, 5.00%,
06/01/30
|
|
10,000
|
10,006,244
|
|
Baldwin County Industrial Development Authority, RB,
Series A, AMT, 5.00%, 06/01/55(a)(b)
|
|
5,000
|
5,146,808
|
|
Birmingham-Jefferson Civic Center Authority, ST
|
|
|
|
|
Series A, 5.00%, 07/01/31
|
|
1,100
|
1,153,813
|
|
Series A, 5.00%, 07/01/32
|
|
1,150
|
1,205,148
|
|
Series A, 5.00%, 07/01/33
|
|
1,600
|
1,673,999
|
|
Black Belt Energy Gas District, RB
|
|
|
|
|
Series A, 5.00%, 05/01/30
|
|
4,380
|
4,501,124
|
|
Series A, 5.25%, 01/01/54(a)
|
|
10,000
|
10,770,905
|
|
Series A, 5.25%, 05/01/55(a)
|
|
2,005
|
2,200,350
|
|
Series A-1, 4.00%, 12/01/49(a)
|
|
900
|
901,875
|
|
Series B, 5.25%, 12/01/53(a)
|
|
3,500
|
3,800,044
|
|
Series D, 5.00%, 03/01/55(a)
|
|
6,245
|
6,771,735
|
|
Series E, 5.00%, 05/01/30
|
|
1,675
|
1,788,963
|
|
County of Jefferson Alabama Sewer Revenue,
Refunding RB, 5.00%, 10/01/30
|
|
2,500
|
2,738,446
|
|
Energy Southeast A Cooperative District, RB, Series B,
5.25%, 07/01/54(a)
|
|
3,095
|
3,398,695
|
|
Health Care Authority of the City of Huntsville,
Refunding RB, Series A, 5.00%, 06/01/53(a)
|
|
20,000
|
21,608,216
|
|
Homewood Educational Building Authority, Refunding
RB
|
|
|
|
|
5.00%, 12/01/33
|
|
1,010
|
1,022,396
|
|
5.00%, 12/01/34
|
|
1,380
|
1,394,079
|
|
Hoover Industrial Development Board, RB, AMT,
Sustainability Bonds, 6.38%, 11/01/50(a)
|
|
1,965
|
2,167,262
|
|
Orange Beach Water Sewer & Fire
Protection Authority, RB, 4.00%, 05/15/30
|
|
510
|
537,608
|
|
Southeast Energy Authority A Cooperative District,
RB(a)
|
|
|
|
|
Series A, 5.00%, 01/01/56
|
|
1,230
|
1,316,733
|
|
Series A-2, 5.31%, 01/01/53
|
|
30,265
|
31,761,017
|
|
Series B-1, 5.00%, 05/01/53
|
|
9,375
|
9,759,633
|
|
|
|
|
143,906,447
|
|
Arizona — 1.2%
|
|
||
|
Arizona Industrial Development Authority, RB(b)
|
|
|
|
|
4.00%, 07/01/29
|
|
465
|
460,297
|
|
4.50%, 07/01/29
|
|
555
|
555,256
|
|
Series A, 4.00%, 07/01/29
|
|
2,935
|
2,914,141
|
|
Sustainability Bonds, 4.00%, 07/01/30
|
|
410
|
397,974
|
|
Chandler Industrial Development Authority, RB(a)
|
|
|
|
|
AMT, 4.10%, 12/01/37
|
|
3,570
|
3,576,670
|
|
AMT, 4.00%, 06/01/49
|
|
5,000
|
5,096,789
|
|
Maricopa County Industrial Development Authority,
Refunding RB
|
|
|
|
|
4.00%, 07/01/29(b)
|
|
820
|
824,777
|
|
5.00%, 01/01/31
|
|
4,280
|
4,385,949
|
|
|
|
|
18,211,853
|
|
Security
|
|
Par
(000)
|
Value
|
|
California — 13.0%
|
|
||
|
Alameda Corridor Transportation Authority, Refunding
RB, Series A, Sub Lien, (AMBAC), 0.00%,
10/01/30(c)
|
$
|
10,530
|
$ 9,032,117
|
|
Bay Area Toll Authority, RB, Class A, 4.47%,
04/01/36(a)
|
|
3,000
|
2,982,449
|
|
Bay Area Toll Authority, Refunding RB, Series E,
3.63%, 04/01/56(a)
|
|
3,250
|
3,147,332
|
|
California Community Choice Financing Authority, RB(a)
|
|
|
|
|
Sustainability Bonds, 4.84%, 12/01/53
|
|
6,750
|
6,842,919
|
|
Sustainability Bonds, 5.50%, 10/01/54
|
|
2,465
|
2,711,433
|
|
Series E-2, Sustainability Bonds, 4.56%, 02/01/54
|
|
9,780
|
9,826,222
|
|
Series G, Sustainability Bonds, 5.25%, 11/01/54
|
|
1,785
|
1,917,658
|
|
California Health Facilities Financing Authority, RB
|
|
|
|
|
Series A, 5.00%, 11/15/32
|
|
1,600
|
1,673,459
|
|
Series A, 5.00%, 11/15/33
|
|
1,855
|
1,936,980
|
|
California Housing Finance Agency, RB, M/F Housing,
Series 2021-1, Class A, 3.50%, 11/20/35
|
|
3,487
|
3,466,173
|
|
California Infrastructure & Economic Development
Bank, Refunding RB, Series A, Class B, AMT,
Sustainability Bonds, 9.50%, 01/01/65(a)(b)
|
|
5,725
|
4,580,000
|
|
California Municipal Finance Authority, ARB, AMT,
Senior Lien, 5.00%, 12/31/33
|
|
4,000
|
4,102,807
|
|
California Municipal Finance Authority, RB
|
|
|
|
|
Series A, AMT, 4.00%, 07/15/29
|
|
3,900
|
3,941,892
|
|
Series B, AMT, 3.85%, 07/01/51(a)
|
|
6,625
|
6,620,318
|
|
California Municipal Finance Authority, Refunding RB
|
|
|
|
|
Series A, 5.00%, 07/01/30
|
|
1,200
|
1,226,461
|
|
Series A, 5.00%, 07/01/31
|
|
1,050
|
1,072,990
|
|
California Pollution Control Financing Authority, RB,
Series A, AMT, 4.25%, 11/01/38(a)
|
|
8,350
|
8,612,577
|
|
California School Finance Authority, RB(b)
|
|
|
|
|
5.00%, 06/01/30
|
|
565
|
562,610
|
|
Series A, 5.00%, 06/01/29
|
|
195
|
196,000
|
|
Series A, 4.00%, 06/01/31
|
|
240
|
132,000
|
|
Series A, 5.00%, 06/01/32
|
|
985
|
995,695
|
|
City of Long Beach California Harbor Revenue, ARB,
Series A, AMT, 5.00%, 05/15/34
|
|
1,650
|
1,696,896
|
|
City of Los Angeles Department of Airports, ARB, AMT,
Sustainability Bonds, 5.00%, 05/15/30
|
|
18,250
|
19,933,902
|
|
Compton Unified School District, GO, CAB(c)
|
|
|
|
|
Series B, (BAM), 0.00%, 06/01/33
|
|
1,000
|
769,416
|
|
Series B, (BAM), 0.00%, 06/01/34
|
|
1,125
|
829,219
|
|
Series B, (BAM), 0.00%, 06/01/35
|
|
1,000
|
703,219
|
|
Series B, (BAM), 0.00%, 06/01/36
|
|
1,000
|
667,877
|
|
El Camino Community College District Fountation, GO,
CAB(c)
|
|
|
|
|
Series C, Election 2002, 0.00%, 08/01/30
|
|
9,090
|
8,029,457
|
|
Series C, Election 2002, 0.00%, 08/01/31
|
|
12,465
|
10,710,480
|
|
Series C, Election 2002, 0.00%, 08/01/32
|
|
17,435
|
14,538,583
|
|
Monterey Peninsula Community College District,
Refunding GO, CAB(c)
|
|
|
|
|
0.00%, 08/01/30
|
|
3,500
|
3,027,253
|
|
0.00%, 08/01/31
|
|
5,940
|
4,961,211
|
|
M-S-R Energy Authority, RB, Series C, 6.13%,
11/01/29
|
|
1,640
|
1,728,883
|
|
Norman Y Mineta San Jose International Airport SJC,
Refunding RB
|
|
|
|
|
Series A, AMT, 5.00%, 03/01/30
|
|
500
|
511,996
|
|
Series A, AMT, 5.00%, 03/01/31
|
|
1,500
|
1,533,938
|
|
Series A, AMT, 5.00%, 03/01/32
|
|
1,000
|
1,021,236
|
|
Series A, AMT, 5.00%, 03/01/33
|
|
975
|
994,345
|
|
Series A, AMT, 5.00%, 03/01/34
|
|
1,250
|
1,273,486
|
|
Security
|
|
Par
(000)
|
Value
|
|
California (continued)
|
|
||
|
Norman Y Mineta San Jose International Airport SJC,
Refunding RB (continued)
|
|
|
|
|
Series A, AMT, 5.00%, 03/01/35
|
$
|
2,000
|
$ 2,035,151
|
|
Northern California Energy Authority, Refunding RB,
5.00%, 12/01/54(a)
|
|
23,035
|
24,932,911
|
|
Poway Unified School District, GO(c)
|
|
|
|
|
Series 1-A, Election 2008, 0.00%, 08/01/30
|
|
10,000
|
8,840,274
|
|
Series 1-A, Election 2008, 0.00%, 08/01/32
|
|
7,500
|
6,248,275
|
|
San Diego County Regional Airport Authority, ARB,
Sub-Series B, AMT, 5.00%, 07/01/33
|
|
1,000
|
1,027,556
|
|
San Rafael City Elementary School District, GO,
Series C, Election 2002, (NPFGC), 0.00%,
08/01/30(c)
|
|
6,350
|
5,577,714
|
|
Washington Township Health Care District, Refunding
RB, Series B, 3.00%, 07/01/28
|
|
750
|
736,687
|
|
Wiseburn School District, GO, Series A, Election 2007,
(NPFGC), 0.00%, 08/01/30(c)
|
|
7,505
|
6,613,879
|
|
|
|
|
204,523,936
|
|
Colorado — 5.2%
|
|
||
|
City & County of Denver Colorado Airport System
Revenue, Refunding ARB
|
|
|
|
|
Series A, AMT, 5.00%, 12/01/30
|
|
12,780
|
13,963,906
|
|
Series A, AMT, 5.00%, 12/01/33
|
|
25,000
|
26,224,705
|
|
City & County of Denver Colorado Pledged Excise Tax
Revenue, RB, CAB, Series A-2, 0.00%, 08/01/30(c)
|
|
1,000
|
835,681
|
|
City & County of Denver Colorado, Refunding RB,
AMT, 5.00%, 10/01/32
|
|
2,500
|
2,500,015
|
|
Colorado Educational & Cultural Facilities Authority,
Refunding RB, 4.00%, 12/01/30(b)
|
|
830
|
800,596
|
|
Colorado Health Facilities Authority, RB
|
|
|
|
|
5.00%, 11/01/30
|
|
1,000
|
1,092,717
|
|
Class A, 5.00%, 11/15/60(a)
|
|
9,560
|
10,452,759
|
|
Series B, 2.63%, 05/15/29
|
|
1,875
|
1,787,071
|
|
Series D, 3.77%, 05/15/61(a)
|
|
7,000
|
6,961,653
|
|
Colorado Health Facilities Authority, Refunding RB,
Series A, 4.00%, 08/01/37
|
|
3,000
|
3,018,534
|
|
E-470 Public Highway Authority, Refunding RB,
Series B, 3.61%, 09/01/39(a)
|
|
3,160
|
3,152,995
|
|
Park Creek Metropolitan District, Refunding RB
|
|
|
|
|
Series A, 5.00%, 12/01/27
|
|
1,500
|
1,502,389
|
|
Series A, 5.00%, 12/01/28
|
|
1,500
|
1,502,389
|
|
Series A, 5.00%, 12/01/30
|
|
1,350
|
1,352,151
|
|
Series A, 5.00%, 12/01/31
|
|
1,500
|
1,502,390
|
|
Plaza Metropolitan District No. 1, Refunding TA,
4.20%, 12/01/25(b)
|
|
5,280
|
5,280,727
|
|
|
|
|
81,930,678
|
|
Connecticut — 0.4%
|
|
||
|
Capital Region Development Authority, Refunding RB,
(SAP), 5.00%, 06/15/31
|
|
1,125
|
1,189,454
|
|
Connecticut State Health & Educational Facilities
Authority, RB, Series A, 5.00%, 01/01/30(b)
|
|
305
|
305,136
|
|
Connecticut State Health & Educational Facilities
Authority, Refunding RB
|
|
|
|
|
Series G-1, 5.00%, 07/01/27(b)
|
|
225
|
227,999
|
|
Series G-1, 5.00%, 07/01/28(b)
|
|
300
|
306,684
|
|
Series G-1, 5.00%, 07/01/29(b)
|
|
300
|
309,313
|
|
Series G-1, 5.00%, 07/01/34(b)
|
|
355
|
363,721
|
|
Security
|
|
Par
(000)
|
Value
|
|
Connecticut (continued)
|
|
||
|
Connecticut State Health & Educational Facilities
Authority, Refunding RB (continued)
|
|
|
|
|
Series I-1, 5.00%, 07/01/35
|
$
|
400
|
$ 410,868
|
|
State of Connecticut, GO, Series A, 5.00%, 04/15/33
|
|
3,600
|
3,795,779
|
|
|
|
|
6,908,954
|
|
Delaware — 0.4%
|
|
||
|
County of Kent Delaware, RB
|
|
|
|
|
Series A, 5.00%, 07/01/26
|
|
850
|
853,752
|
|
Series A, 5.00%, 07/01/27
|
|
890
|
901,643
|
|
Series A, 5.00%, 07/01/28
|
|
935
|
951,372
|
|
Delaware State Health Facilities Authority, RB, 4.00%,
06/01/35
|
|
1,370
|
1,359,338
|
|
Delaware Transportation Authority, Refunding RB,
5.00%, 09/01/30
|
|
2,000
|
2,218,117
|
|
|
|
|
6,284,222
|
|
District of Columbia — 1.6%
|
|
||
|
District of Columbia Housing Finance Agency, RB, M/F
Housing, Series A-2, 3.60%, 03/01/46(a)
|
|
5,500
|
5,537,192
|
|
Metropolitan Washington Airports Authority Aviation
Revenue, Refunding ARB, Series A, AMT, 5.00%,
10/01/30
|
|
18,325
|
20,015,576
|
|
|
|
|
25,552,768
|
|
Florida — 8.6%
|
|
||
|
Bella Tara Community Development District, SAB,
5.00%, 05/01/30
|
|
885
|
883,746
|
|
Capital Projects Finance Authority, RB, Series A-1,
5.00%, 10/01/30
|
|
1,000
|
1,067,075
|
|
Capital Trust Agency, Inc., RB(b)
|
|
|
|
|
Series A, 4.00%, 06/15/29
|
|
1,070
|
1,049,181
|
|
Series A-1, 3.38%, 07/01/31
|
|
1,520
|
1,473,000
|
|
Capital Trust Authority, Refunding RB, Series A,
(AGM), 5.00%, 12/01/30
|
|
12,000
|
13,182,198
|
|
City of Lakeland Florida, Refunding RB, 5.00%,
11/15/30
|
|
3,750
|
3,814,224
|
|
City Of South Miami Health Facilities Authority, Inc.,
RB, 5.00%, 08/15/65(a)
|
|
3,000
|
3,277,868
|
|
City Of South Miami Health Facilities Authority, Inc.,
Refunding RB
|
|
|
|
|
5.00%, 08/15/30
|
|
3,245
|
3,363,725
|
|
5.00%, 08/15/31
|
|
3,130
|
3,244,121
|
|
5.00%, 08/15/34
|
|
6,475
|
6,686,900
|
|
County of Miami-Dade Florida Aviation Revenue,
Refunding RB, Series A, AMT, 5.00%, 10/01/30
|
|
4,285
|
4,659,882
|
|
County of Miami-Dade Florida, Refunding RB
|
|
|
|
|
Series B, 4.00%, 04/01/30
|
|
12,305
|
12,354,311
|
|
Series B, 4.00%, 04/01/32
|
|
6,690
|
6,715,597
|
|
County of St. Johns Florida Water & Sewer Revenue,
Refunding RB, CAB(c)
|
|
|
|
|
Series B, 0.00%, 06/01/30
|
|
2,000
|
1,732,180
|
|
Series B, 0.00%, 06/01/31
|
|
1,295
|
1,083,440
|
|
Series B, 0.00%, 06/01/32
|
|
2,495
|
2,012,011
|
|
Double Branch Community Development District,
Refunding SAB, Series A-1, Senior Lien, 4.13%,
05/01/31
|
|
1,200
|
1,200,213
|
|
Florida Development Finance Corp., RB
|
|
|
|
|
AMT, 5.00%, 05/01/29(b)
|
|
1,500
|
1,514,916
|
|
AMT, 3.00%, 06/01/32
|
|
2,665
|
2,436,702
|
|
Florida Development Finance Corp., Refunding RB
|
|
|
|
|
4.00%, 06/01/26(b)
|
|
110
|
109,874
|
|
Security
|
|
Par
(000)
|
Value
|
|
Florida (continued)
|
|
||
|
Florida Development Finance Corp., Refunding
RB (continued)
|
|
|
|
|
4.00%, 09/15/30(b)
|
$
|
470
|
$ 455,515
|
|
AMT, 5.00%, 07/01/34
|
|
2,500
|
2,087,500
|
|
AMT, (AGM), 5.00%, 07/01/44
|
|
4,685
|
4,664,324
|
|
Hillsborough County Aviation Authority, ARB
|
|
|
|
|
AMT, 5.00%, 10/01/30
|
|
2,325
|
2,533,943
|
|
Class B, AMT, 5.00%, 10/01/30
|
|
9,145
|
9,966,844
|
|
Lakewood Ranch Stewardship District, Refunding SAB,
3.20%, 05/01/30(b)
|
|
540
|
525,954
|
|
Lakewood Ranch Stewardship District, SAB, 5.40%,
05/01/28
|
|
780
|
796,466
|
|
Lakewood Ranch Stewardship District, SAB, S/F
Housing, 3.40%, 05/01/30
|
|
375
|
369,990
|
|
Lee County Industrial Development Authority, RB,
Series B-3, 4.13%, 11/15/29
|
|
3,415
|
3,432,649
|
|
LT Ranch Community Development District, SAB,
3.40%, 05/01/30
|
|
985
|
963,461
|
|
Miami Beach Health Facilities Authority, Refunding RB,
5.00%, 11/15/30
|
|
1,000
|
1,001,138
|
|
Palm Beach County Health Facilities Authority,
Refunding RB, 5.00%, 11/15/32
|
|
18,130
|
18,360,412
|
|
Sarasota National Community Development District,
Refunding SAB, 3.50%, 05/01/31
|
|
1,000
|
1,008,835
|
|
School Board of Miami-Dade County, Refunding COP,
Series A, 5.00%, 05/01/32
|
|
9,000
|
9,077,614
|
|
St. Johns County Industrial Development Authority,
Refunding RB
|
|
|
|
|
4.00%, 12/15/25
|
|
180
|
179,814
|
|
4.00%, 12/15/28
|
|
200
|
196,948
|
|
4.00%, 12/15/29
|
|
215
|
210,969
|
|
4.00%, 12/15/30
|
|
195
|
190,820
|
|
4.00%, 12/15/31
|
|
205
|
200,002
|
|
Tolomato Community Development District, Refunding
SAB, Sub-Series A-2, 3.85%, 05/01/29
|
|
410
|
412,805
|
|
Village Community Development District No. 15, SAB,
4.25%, 05/01/28(b)
|
|
560
|
566,065
|
|
Village Community Development District No. 16, SAB,
05/01/30(d)
|
|
1,050
|
1,050,427
|
|
Village Community Development District No. 5,
Refunding SAB
|
|
|
|
|
3.50%, 05/01/28
|
|
2,645
|
2,629,033
|
|
4.00%, 05/01/33
|
|
810
|
809,995
|
|
4.00%, 05/01/34
|
|
1,825
|
1,824,245
|
|
|
|
|
135,376,932
|
|
Georgia — 7.6%
|
|
||
|
DeKalb County Housing Authority, RB, M/F Housing,
Series A, 4.00%, 12/01/33
|
|
6,870
|
7,008,786
|
|
DeKalb County Housing Authority, Refunding RB,
4.13%, 12/01/34
|
|
1,460
|
1,467,869
|
|
Georgia Ports Authority, ARB, 5.00%, 07/01/30
|
|
1,175
|
1,303,382
|
|
Main Street Natural Gas, Inc., RB
|
|
|
|
|
Series A, 5.00%, 05/15/29
|
|
1,250
|
1,312,245
|
|
Series A, 5.00%, 05/15/30
|
|
8,000
|
8,415,494
|
|
Series A, 4.00%, 09/01/52(a)
|
|
15,000
|
15,419,097
|
|
Series A, 5.00%, 06/01/53(a)
|
|
31,375
|
33,262,073
|
|
Series B, 5.00%, 07/01/53(a)
|
|
8,910
|
9,549,129
|
|
Series C, 5.00%, 09/01/53(a)
|
|
6,290
|
6,729,118
|
|
Series D, 5.00%, 05/01/54(a)
|
|
9,325
|
9,932,978
|
|
Security
|
|
Par
(000)
|
Value
|
|
Georgia (continued)
|
|
||
|
Main Street Natural Gas, Inc., Refunding RB,
Series E-1, 5.00%, 12/01/53(a)
|
$
|
9,865
|
$ 10,623,498
|
|
Municipal Electric Authority of Georgia, RB, Series A,
5.00%, 01/01/34
|
|
8,000
|
8,390,793
|
|
Municipal Electric Authority of Georgia, Refunding RB
|
|
|
|
|
5.00%, 01/01/29
|
|
2,000
|
2,135,695
|
|
5.00%, 01/01/30
|
|
1,905
|
2,066,837
|
|
Series A-R, Subordinate, 5.00%, 01/01/30
|
|
1,250
|
1,356,192
|
|
|
|
|
118,973,186
|
|
Guam — 0.2%
|
|
||
|
Territory of Guam, Refunding RB
|
|
|
|
|
Series F, 5.00%, 01/01/30
|
|
1,160
|
1,237,634
|
|
Series F, 5.00%, 01/01/31
|
|
1,250
|
1,351,549
|
|
|
|
|
2,589,183
|
|
Idaho — 0.0%
|
|
||
|
Idaho Housing & Finance Association, RB, Series A,
4.63%, 07/01/29(b)
|
|
115
|
115,292
|
|
Illinois — 7.7%
|
|
||
|
Chicago Board of Education, Refunding GO(d)
|
|
|
|
|
Series B, 12/01/30
|
|
515
|
537,265
|
|
Series C, 12/01/30
|
|
810
|
845,019
|
|
Chicago Housing Authority, RB, M/F Housing
|
|
|
|
|
Series A, (HUD SEC 8), 5.00%, 01/01/33
|
|
3,000
|
3,106,856
|
|
Series A, (HUD SEC 8), 5.00%, 01/01/35
|
|
1,500
|
1,550,707
|
|
Chicago Midway International Airport, Refunding ARB,
Series A, AMT, Senior Lien, 5.00%, 01/01/30
|
|
2,500
|
2,675,131
|
|
Chicago O’Hare International Airport, Refunding RB,
Series B, Senior Lien, 5.00%, 01/01/33
|
|
6,000
|
6,146,620
|
|
City of Chicago Illinois, Refunding GO, Series B,
4.00%, 01/01/30
|
|
1,053
|
1,060,481
|
|
Illinois Finance Authority, Refunding RB
|
|
|
|
|
Series A, 4.00%, 11/01/24
|
|
425
|
294,312
|
|
Series A, 5.00%, 11/01/26(e)(f)
|
|
460
|
318,550
|
|
Series A, 5.00%, 11/01/28(e)(f)
|
|
1,745
|
1,208,412
|
|
Series A, 5.00%, 11/01/29(e)(f)
|
|
1,840
|
1,274,200
|
|
Series A, 5.00%, 11/01/30(e)(f)
|
|
1,935
|
1,339,987
|
|
Series A, 5.00%, 11/15/31
|
|
8,415
|
8,421,806
|
|
Series A, 4.00%, 10/01/32
|
|
1,000
|
1,004,280
|
|
Series A, 5.00%, 11/15/32
|
|
2,075
|
2,076,648
|
|
Series A, 4.00%, 02/01/33
|
|
12,850
|
12,857,660
|
|
Series A, 5.00%, 11/15/33
|
|
2,125
|
2,126,617
|
|
Series B, 5.00%, 08/15/30
|
|
3,205
|
3,291,018
|
|
Series B, 3.92%, 05/01/42(a)
|
|
1,750
|
1,742,302
|
|
Series C, 5.00%, 02/15/30
|
|
12,000
|
12,313,822
|
|
Illinois State Toll Highway Authority, Refunding RB,
Series A, 4.00%, 12/01/31
|
|
20,000
|
20,028,576
|
|
Kane McHenry Cook & De Kalb Counties Unit School
District No. 300, Refunding GO, Series A, 5.00%,
01/01/30
|
|
6,350
|
6,529,003
|
|
Metropolitan Pier & Exposition Authority, Refunding RB
|
|
|
|
|
5.00%, 12/15/28
|
|
1,200
|
1,245,160
|
|
5.00%, 12/15/30
|
|
1,385
|
1,437,205
|
|
Sales Tax Securitization Corp., Refunding RB,
Series A, 2nd Lien, 5.00%, 01/01/30
|
|
10,000
|
10,803,803
|
|
State of Illinois, GO
|
|
|
|
|
Series A, 5.00%, 12/01/28
|
|
7,450
|
7,742,958
|
|
Security
|
|
Par
(000)
|
Value
|
|
Illinois (continued)
|
|
||
|
State of Illinois, GO (continued)
|
|
|
|
|
Series B, 5.00%, 09/01/30
|
$
|
7,500
|
$ 8,202,520
|
|
Upper Illinois River Valley Development Authority,
Refunding RB, 4.00%, 01/01/31(b)
|
|
255
|
250,239
|
|
|
|
|
120,431,157
|
|
Indiana — 1.2%
|
|
||
|
Indiana Finance Authority, Refunding RB
|
|
|
|
|
Series A, 4.13%, 12/01/26
|
|
3,665
|
3,662,501
|
|
Series A, 5.00%, 09/15/29
|
|
1,165
|
1,220,272
|
|
Series A, 5.00%, 09/15/30
|
|
1,220
|
1,289,049
|
|
Series B, 3.52%, 03/01/39(a)
|
|
920
|
912,670
|
|
Series C, 5.00%, 10/01/64(a)
|
|
8,335
|
8,982,402
|
|
Northern Indiana Commuter Transportation District, RB
|
|
|
|
|
5.00%, 07/01/32
|
|
1,000
|
1,009,632
|
|
5.00%, 07/01/33
|
|
1,400
|
1,412,110
|
|
|
|
|
18,488,636
|
|
Kansas — 0.1%
|
|
||
|
City of Manhattan Kansas, Refunding RB, Series A,
4.00%, 06/01/26
|
|
315
|
314,355
|
|
City of Shawnee Kansas, RB, 4.00%, 08/01/31(b)
|
|
400
|
382,881
|
|
Wyandotte County-Kansas City Unified Government
Utility System Revenue, RB, Series A, 5.00%,
09/01/33
|
|
1,370
|
1,371,863
|
|
|
|
|
2,069,099
|
|
Kentucky — 1.0%
|
|
||
|
Kentucky Public Energy Authority, RB, Series A-1,
4.00%, 08/01/52(a)
|
|
6,545
|
6,726,409
|
|
Kentucky Public Transportation Infrastructure Authority,
RB, CAB, 0.00%, 07/01/30(c)
|
|
1,230
|
987,477
|
|
Louisville/Jefferson County Metropolitan Government,
Refunding RB, Series A, 5.00%, 10/01/32
|
|
7,300
|
7,414,490
|
|
|
|
|
15,128,376
|
|
Louisiana — 1.2%
|
|
||
|
Louisiana Local Government Environmental Facilities &
Community Development Authority, RB, 5.00%,
08/15/30
|
|
4,700
|
4,859,687
|
|
Louisiana Local Government Environmental Facilities &
Community Development Authority, Refunding RB,
Series A, 2.00%, 06/01/30
|
|
1,250
|
1,159,562
|
|
Louisiana Public Facilities Authority, RB(b)
|
|
|
|
|
Series A, 5.00%, 06/01/29
|
|
465
|
470,058
|
|
Series A, 5.00%, 04/01/30
|
|
375
|
376,669
|
|
Series A, 5.00%, 06/01/31
|
|
500
|
484,006
|
|
Parish of st. James Louisiana, RB(a)
|
|
|
|
|
6.10%, 06/01/38(b)
|
|
9,875
|
10,855,254
|
|
3.70%, 08/01/41
|
|
1,000
|
1,009,748
|
|
|
|
|
19,214,984
|
|
Maine — 0.1%
|
|
||
|
City of Portland Maine General Airport Revenue,
Refunding RB, Sustainability Bonds, 4.00%,
01/01/35
|
|
1,000
|
1,018,083
|
|
Maryland — 1.9%
|
|
||
|
City of Baltimore Maryland, Refunding RB, Convertible,
5.00%, 09/01/31
|
|
1,250
|
1,271,148
|
|
County of Prince George’s Maryland, TA, 5.00%,
07/01/30(b)
|
|
585
|
592,370
|
|
Security
|
|
Par
(000)
|
Value
|
|
Maryland (continued)
|
|
||
|
Howard County Housing Commission, RB, M/F
Housing, 5.00%, 12/01/33
|
$
|
1,765
|
$ 1,831,629
|
|
Maryland Health & Higher Educational Facilities
Authority, Refunding RB
|
|
|
|
|
5.00%, 07/01/30
|
|
3,525
|
3,842,507
|
|
5.00%, 07/01/33
|
|
1,385
|
1,423,652
|
|
5.00%, 07/01/34
|
|
775
|
799,384
|
|
Series A, 5.00%, 01/01/31
|
|
2,865
|
2,899,226
|
|
Series A, 5.00%, 01/01/32
|
|
3,010
|
3,045,749
|
|
Series A, 5.00%, 01/01/33
|
|
3,165
|
3,201,919
|
|
State of Maryland Department of Transportation, ARB,
5.00%, 09/01/29
|
|
5,470
|
5,709,802
|
|
State of Maryland, GO, Series 1, 3.00%, 03/15/34
|
|
5,000
|
4,947,301
|
|
|
|
|
29,564,687
|
|
Massachusetts — 1.2%
|
|
||
|
Commonwealth of Massachusetts, GOL, Series I,
5.00%, 12/01/33
|
|
5,000
|
5,122,814
|
|
Massachusetts Bay Transportation Authority Sales Tax
Revenue, Refunding RB, Series B, 5.25%, 07/01/30
|
|
1,900
|
2,062,819
|
|
Massachusetts Bay Transportation Authority Sales Tax
Revenue, Refunding RB, CAB, Series A, 0.00%,
07/01/32(c)
|
|
4,000
|
3,228,721
|
|
Massachusetts Development Finance Agency, RB,
Series A, 5.00%, 01/01/33
|
|
1,070
|
1,084,808
|
|
Massachusetts Development Finance Agency,
Refunding RB
|
|
|
|
|
Series A, 5.00%, 01/01/32
|
|
2,020
|
2,076,337
|
|
Series A, 5.00%, 01/01/33
|
|
1,500
|
1,539,562
|
|
Series A, 5.00%, 01/01/34
|
|
2,085
|
2,135,309
|
|
Series A, 5.00%, 01/01/35
|
|
2,000
|
2,043,323
|
|
|
|
|
19,293,693
|
|
Michigan — 3.3%
|
|
||
|
City of Detroit Michigan, GO
|
|
|
|
|
5.00%, 04/01/27
|
|
580
|
593,169
|
|
5.00%, 04/01/28
|
|
665
|
691,582
|
|
5.00%, 04/01/29
|
|
665
|
691,512
|
|
5.00%, 04/01/30
|
|
510
|
530,507
|
|
5.00%, 04/01/31
|
|
735
|
764,358
|
|
5.00%, 04/01/32
|
|
625
|
649,516
|
|
5.00%, 04/01/33
|
|
830
|
861,407
|
|
Kalamazoo Hospital Finance Authority, Refunding RB,
5.00%, 05/15/28
|
|
5,655
|
5,716,208
|
|
Michigan Finance Authority, Refunding RB, 3.97%,
04/15/47(a)
|
|
16,595
|
16,544,905
|
|
Michigan Strategic Fund, RB
|
|
|
|
|
AMT, 5.00%, 06/30/30
|
|
1,325
|
1,381,894
|
|
AMT, 5.00%, 12/31/32
|
|
2,000
|
2,078,296
|
|
AMT, Sustainability Bonds, 4.00%, 10/01/61(a)
|
|
3,690
|
3,687,387
|
|
Saginaw Valley State University, Refunding RB
|
|
|
|
|
Series A, 5.00%, 07/01/31
|
|
2,070
|
2,097,510
|
|
Series A, 5.00%, 07/01/32
|
|
1,430
|
1,448,719
|
|
Wayne County Airport Authority, Refunding RB,
Class G, AMT, 12/01/30(d)
|
|
12,500
|
13,552,740
|
|
|
|
|
51,289,710
|
|
Minnesota — 0.5%
|
|
||
|
City of Spring Lake Park Minnesota, RB, 4.00%,
06/15/29
|
|
820
|
812,385
|
|
Security
|
|
Par
(000)
|
Value
|
|
Minnesota (continued)
|
|
||
|
Minnesota Housing Finance Agency, RB, S/F Housing
|
|
|
|
|
Series L, AMT, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 4.90%, 01/01/30
|
$
|
455
|
$ 473,737
|
|
Series L, AMT, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 4.95%, 07/01/30
|
|
480
|
502,763
|
|
Sartell-St Stephen Independent School District No.
748, GO, CAB(c)
|
|
|
|
|
Series B, (SD CRED PROG), 0.00%, 02/01/30
|
|
3,915
|
3,347,225
|
|
Series B, (SD CRED PROG), 0.00%, 02/01/31
|
|
2,190
|
1,801,494
|
|
Series B, (SD CRED PROG), 0.00%, 02/01/32
|
|
1,450
|
1,145,423
|
|
|
|
|
8,083,027
|
|
Mississippi — 1.2%
|
|
||
|
Mississippi Development Bank, Refunding RB
|
|
|
|
|
Series A, (AGM), 5.00%, 03/01/30
|
|
2,280
|
2,293,306
|
|
Series A, (AGM), 5.00%, 03/01/31
|
|
1,595
|
1,603,762
|
|
Series A, (AGM), 5.00%, 03/01/32
|
|
2,000
|
2,010,487
|
|
Series A, (AGM), 5.00%, 03/01/33
|
|
1,275
|
1,281,239
|
|
State of Mississippi Gaming Tax Revenue, RB,
Series E, 5.00%, 10/15/33
|
|
12,225
|
12,238,748
|
|
|
|
|
19,427,542
|
|
Missouri — 0.8%
|
|
||
|
Health & Educational Facilities Authority of the State of
Missouri, Refunding RB
|
|
|
|
|
5.00%, 11/15/30
|
|
5,000
|
5,054,312
|
|
4.00%, 05/15/32
|
|
1,680
|
1,686,894
|
|
4.00%, 05/15/33
|
|
2,000
|
2,006,500
|
|
Series A, 5.00%, 02/01/30
|
|
485
|
508,986
|
|
Series A, 4.00%, 11/15/33
|
|
2,010
|
2,010,453
|
|
Industrial Development Authority of the City of St. Louis
Missouri, Refunding RB, Series A, 3.88%, 11/15/29
|
|
635
|
612,781
|
|
St. Louis Land Clearance for Redevelopment Authority,
Refunding RB, 3.88%, 10/01/35
|
|
270
|
271,684
|
|
|
|
|
12,151,610
|
|
Montana — 0.6%
|
|
||
|
City of Forsyth Montana, Refunding RB, Series A,
3.90%, 03/01/31(a)
|
|
10,050
|
10,053,346
|
|
Nebraska — 0.0%
|
|
||
|
Elkhorn School District, GO, 4.00%, 12/15/33
|
|
375
|
388,710
|
|
Nevada — 0.4%
|
|
||
|
County of Clark Nevada, Refunding GOL, Series B,
4.00%, 11/01/34
|
|
5,000
|
5,038,264
|
|
State of Nevada Department of Business & Industry,
RB
|
|
|
|
|
Series A, 5.00%, 07/15/27
|
|
150
|
150,064
|
|
Series A, 4.50%, 12/15/29(b)
|
|
365
|
365,120
|
|
|
|
|
5,553,448
|
|
New Hampshire — 1.5%
|
|
||
|
National Finance Authority Affordable Housing
Certificates, RB, Series 2024-1, Class A, 4.15%,
10/20/40
|
|
19,129
|
19,084,676
|
|
New Hampshire Business Finance Authority, RB,
Series A, Sustainability Bonds, 5.00%, 06/01/30
|
|
400
|
431,656
|
|
New Hampshire Business Finance Authority, Refunding
RB
|
|
|
|
|
4.00%, 01/01/28
|
|
285
|
286,338
|
|
Security
|
|
Par
(000)
|
Value
|
|
New Hampshire (continued)
|
|
||
|
New Hampshire Business Finance Authority, Refunding
RB (continued)
|
|
|
|
|
4.00%, 01/01/29
|
$
|
300
|
$ 302,199
|
|
Class A, AMT, 4.00%, 10/01/33(a)
|
|
3,895
|
3,899,350
|
|
|
|
|
24,004,219
|
|
New Jersey — 13.3%
|
|
||
|
New Jersey Economic Development Authority, ARB
|
|
|
|
|
5.25%, 09/15/29
|
|
4,590
|
4,590,028
|
|
Series A, AMT, 5.63%, 11/15/30
|
|
1,740
|
1,740,010
|
|
Series B, AMT, 5.63%, 11/15/30
|
|
1,315
|
1,315,008
|
|
New Jersey Economic Development Authority, RB
|
|
|
|
|
Series A, 4.00%, 07/01/29
|
|
235
|
234,039
|
|
Series A, 5.00%, 06/15/32
|
|
4,500
|
4,708,495
|
|
Series C, 5.00%, 06/15/32
|
|
3,600
|
3,766,796
|
|
AMT, 5.00%, 01/01/28
|
|
4,705
|
4,712,928
|
|
New Jersey Economic Development Authority,
Refunding RB
|
|
|
|
|
(AGM), 5.00%, 06/01/28
|
|
1,000
|
1,032,745
|
|
5.00%, 01/01/29
|
|
1,595
|
1,632,291
|
|
(AGM), 5.00%, 06/01/30
|
|
1,500
|
1,547,727
|
|
(AGM), 5.00%, 06/01/31
|
|
1,750
|
1,805,456
|
|
(AGM), 4.00%, 06/01/32
|
|
2,125
|
2,150,491
|
|
Series MMM, 4.00%, 06/15/35
|
|
5,000
|
5,139,757
|
|
Sub-Series A, 4.00%, 07/01/32
|
|
9,855
|
9,904,540
|
|
Series A, AMT, 2.20%, 10/01/39(a)
|
|
4,000
|
3,760,341
|
|
New Jersey Economic Development Authority,
Refunding SAB, 5.75%, 04/01/31
|
|
5,000
|
5,029,300
|
|
New Jersey Educational Facilities Authority, Refunding
RB, Series C, 5.00%, 07/01/32
|
|
1,500
|
1,558,483
|
|
New Jersey Health Care Facilities Financing Authority,
Refunding RB
|
|
|
|
|
5.00%, 07/01/29
|
|
2,900
|
2,938,988
|
|
5.00%, 07/01/30
|
|
2,400
|
2,432,791
|
|
Series A, 5.00%, 07/01/30
|
|
11,245
|
11,405,314
|
|
New Jersey Higher Education Student Assistance
Authority, RB
|
|
|
|
|
Series A, AMT, 4.00%, 12/01/32
|
|
360
|
359,962
|
|
Series A, AMT, 4.00%, 12/01/33
|
|
295
|
294,948
|
|
Series A, AMT, 4.00%, 12/01/34
|
|
145
|
144,964
|
|
Series A, AMT, 4.00%, 12/01/35
|
|
145
|
144,952
|
|
Series B, AMT, 5.00%, 12/01/30
|
|
10,000
|
10,702,084
|
|
New Jersey Higher Education Student Assistance
Authority, Refunding RB, Series A, AMT, 5.00%,
12/01/30
|
|
1,875
|
2,006,641
|
|
New Jersey Housing & Mortgage Finance Agency, RB,
M/F Housing
|
|
|
|
|
Series B, Sustainability Bonds, 3.05%, 11/01/29
|
|
7,000
|
7,035,875
|
|
Series D-1, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 3.05%, 11/01/29
|
|
485
|
483,136
|
|
New Jersey Housing & Mortgage Finance Agency, RB,
S/F Housing
|
|
|
|
|
Series M, Sustainability Bonds, 3.55%, 04/01/30
|
|
250
|
253,069
|
|
Series M, Sustainability Bonds, 3.60%, 10/01/30
|
|
425
|
430,384
|
|
New Jersey Housing & Mortgage Finance Agency,
Refunding RB, Series A, AMT, 3.80%, 10/01/32
|
|
10,165
|
10,178,950
|
|
New Jersey Transportation Trust Fund Authority, RB
|
|
|
|
|
Series A, 5.00%, 06/15/30
|
|
2,550
|
2,582,472
|
|
Series A, 0.00%, 12/15/30(c)
|
|
2,150
|
1,851,133
|
|
Series BB, 5.00%, 12/15/28(g)
|
|
230
|
247,113
|
|
Series BB, 5.00%, 06/15/30
|
|
1,270
|
1,357,647
|
|
Security
|
|
Par
(000)
|
Value
|
|
New Jersey (continued)
|
|
||
|
New Jersey Transportation Trust Fund Authority,
RB (continued)
|
|
|
|
|
Series C, (NPFGC), 0.00%, 12/15/30(c)
|
$
|
35,000
|
$ 30,134,716
|
|
New Jersey Transportation Trust Fund Authority,
Refunding RB, Series A, 5.00%, 06/15/30
|
|
11,600
|
11,747,004
|
|
Newark Housing Authority, Refunding RB, (NPFGC),
5.25%, 01/01/27
|
|
5,000
|
5,101,172
|
|
State of New Jersey, GO, Series A, 4.00%, 06/01/30
|
|
24,000
|
25,445,899
|
|
Tobacco Settlement Financing Corp., Refunding RB
|
|
|
|
|
Series A, 5.00%, 06/01/30
|
|
16,740
|
17,563,320
|
|
Series A, 5.00%, 06/01/32
|
|
8,270
|
8,630,726
|
|
|
|
|
208,101,695
|
|
New Mexico — 0.8%
|
|
||
|
City of Santa Fe New Mexico, Refunding RB, 5.00%,
05/15/32
|
|
1,000
|
1,000,660
|
|
New Mexico Educational Assistance Foundation, RB
|
|
|
|
|
Series A-1, AMT, (GTD STD LNS), 3.75%, 09/01/31
|
|
100
|
100,018
|
|
Series A-1, AMT, (GTD STD LNS), 3.88%, 04/01/34
|
|
20
|
19,951
|
|
Series A-2, AMT, (GTD STD LNS), 3.80%, 11/01/32
|
|
100
|
100,012
|
|
Series A-2, AMT, (GTD STD LNS), 3.80%, 09/01/33
|
|
100
|
99,711
|
|
New Mexico Municipal Energy Acquisition Authority,
Refunding RB, 5.00%, 06/01/54(a)
|
|
10,000
|
10,733,378
|
|
|
|
|
12,053,730
|
|
New York — 9.3%
|
|
||
|
City of New York, GO, Series B-1, 5.00%, 12/01/33
|
|
4,000
|
4,080,817
|
|
Genesee County Funding Corp., Refunding RB,
Series A, 5.00%, 12/01/30
|
|
500
|
541,176
|
|
Metropolitan Transportation Authority Dedicated Tax
Fund, Refunding RB, CAB, Series A, 0.00%,
11/15/30(c)
|
|
13,000
|
11,187,557
|
|
Metropolitan Transportation Authority, Refunding RB
|
|
|
|
|
2nd Sub Series, (AGM), 3.66%, 11/01/32(a)
|
|
2,875
|
2,875,591
|
|
Sub-Series C-1, Sustainability Bonds, 5.00%,
11/15/34
|
|
10,000
|
10,463,437
|
|
New York City Housing Development Corp., RB, M/F
Housing, Series C-2, Sustainability Bonds, 3.75%,
05/01/65(a)
|
|
12,075
|
12,253,555
|
|
New York City Transitional Finance Authority Future
Tax Secured Revenue, RB
|
|
|
|
|
Sub-Series B-1, 5.00%, 08/01/30
|
|
4,980
|
5,167,542
|
|
Series H-1, Subordinate, 5.00%, 11/01/30
|
|
1,400
|
1,557,408
|
|
New York State Environmental Facilities Corp., RB(a)(b)
|
|
|
|
|
AMT, 3.13%, 12/01/44
|
|
3,000
|
2,983,357
|
|
AMT, 4.25%, 09/01/50
|
|
2,000
|
2,024,062
|
|
AMT, 5.13%, 09/01/50
|
|
2,250
|
2,358,840
|
|
New York State Housing Finance Agency, RB, M/F
Housing, Series A-2, Sustainability Bonds, 3.45%,
06/15/54(a)
|
|
5,580
|
5,621,828
|
|
New York Transportation Development Corp., ARB
|
|
|
|
|
AMT, 5.00%, 01/01/30
|
|
2,590
|
2,680,261
|
|
AMT, 5.00%, 01/01/31
|
|
7,595
|
7,839,087
|
|
Series A, AMT, 4.00%, 07/01/32
|
|
5,500
|
5,472,796
|
|
Series A, AMT, 4.00%, 07/01/33
|
|
6,000
|
5,983,973
|
|
New York Transportation Development Corp., RB
|
|
|
|
|
AMT, 4.00%, 10/01/30
|
|
15,090
|
15,378,863
|
|
AMT, 4.00%, 10/31/34
|
|
350
|
352,798
|
|
New York Transportation Development Corp.,
Refunding ARB, AMT, 3.00%, 08/01/31
|
|
2,775
|
2,626,173
|
|
Security
|
|
Par
(000)
|
Value
|
|
New York (continued)
|
|
||
|
New York Transportation Development Corp.,
Refunding RB, AMT, 5.00%, 08/01/31
|
$
|
5,000
|
$ 5,001,116
|
|
Port Authority of New York & New Jersey, Refunding
ARB
|
|
|
|
|
Series 207, AMT, 4.00%, 03/15/30
|
|
10,445
|
10,653,916
|
|
Series 223, AMT, 5.00%, 07/15/30
|
|
3,730
|
4,051,841
|
|
Series 246, AMT, 5.00%, 09/01/30
|
|
10,000
|
10,884,769
|
|
Port Authority of New York & New Jersey, Refunding
RB, Series 227, AMT, 3.00%, 10/01/30
|
|
13,990
|
13,853,575
|
|
|
|
|
145,894,338
|
|
North Carolina — 2.3%
|
|
||
|
City of Raleigh North Carolina Combined Enterprise
System Revenue, Refunding RB, Series A, 4.00%,
12/01/35
|
|
7,315
|
7,317,830
|
|
North Carolina Medical Care Commission, RB
|
|
|
|
|
4.00%, 09/01/33
|
|
180
|
180,923
|
|
4.00%, 09/01/34
|
|
185
|
185,084
|
|
Series B, 5.00%, 06/01/55(a)
|
|
23,900
|
26,226,034
|
|
North Carolina Turnpike Authority, Refunding RB, CAB,
Series C, (SAP), 0.00%, 07/01/30(c)
|
|
550
|
449,453
|
|
State of North Carolina, RB, Series A, 3.00%, 05/01/29
|
|
1,565
|
1,539,656
|
|
|
|
|
35,898,980
|
|
Ohio — 1.3%
|
|
||
|
Allen County Port Authority, Refunding RB, Series A,
4.00%, 12/01/31
|
|
460
|
456,561
|
|
Ohio Air Quality Development Authority, Refunding RB
|
|
|
|
|
3.25%, 09/01/29
|
|
4,450
|
4,382,784
|
|
4.00%, 09/01/30(a)
|
|
1,650
|
1,675,181
|
|
AMT, 4.25%, 11/01/40(a)
|
|
2,150
|
2,183,717
|
|
Series A, AMT, 4.25%, 11/01/39(a)
|
|
1,525
|
1,549,386
|
|
Ohio State University, RB, Class A, Sustainability
Bonds, 5.00%, 12/01/30
|
|
3,320
|
3,713,593
|
|
State of Ohio, RB
|
|
|
|
|
AMT, (AGM), 5.00%, 12/31/29
|
|
1,625
|
1,627,953
|
|
AMT, (AGM), 5.00%, 12/31/30
|
|
4,585
|
4,592,858
|
|
|
|
|
20,182,033
|
|
Oklahoma — 0.1%
|
|
||
|
Oklahoma Capitol Improvement Authority, RB,
Series B, 5.00%, 07/01/30
|
|
2,150
|
2,385,712
|
|
Oregon — 2.1%
|
|
||
|
Oregon Health & Science University, Refunding RB,
Series B, 5.00%, 07/01/35
|
|
7,390
|
7,468,392
|
|
Port of Morrow Oregon, ARB, Series A, 5.15%,
10/01/26(b)
|
|
17,000
|
16,999,558
|
|
Port of Morrow Oregon, Refunding ARB, Series A,
4.00%, 06/01/30
|
|
1,205
|
1,222,097
|
|
Port of Morrow Oregon, Refunding GOL, Series D,
4.00%, 12/01/30
|
|
880
|
894,086
|
|
State of Oregon Housing & Community Services
Department, RB, M/F Housing, Class R, 4.00%,
01/10/48(a)
|
|
6,000
|
6,098,926
|
|
|
|
|
32,683,059
|
|
Pennsylvania — 16.2%
|
|
||
|
Allegheny County Higher Education Building Authority,
Refunding RB, 3.28%, 02/01/33(a)
|
|
5,485
|
5,460,484
|
|
Allegheny County Hospital Development Authority, RB,
Series D2, 3.92%, 11/15/47(a)
|
|
5,205
|
5,153,538
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pennsylvania (continued)
|
|
||
|
Allegheny County Hospital Development Authority,
Refunding RB
|
|
|
|
|
Series A, 5.00%, 04/01/31
|
$
|
3,075
|
$ 3,209,466
|
|
Series A, 5.00%, 04/01/34
|
|
3,345
|
3,474,231
|
|
Series A, 5.00%, 04/01/35
|
|
1,000
|
1,035,920
|
|
Allentown City School District, Refunding GOL,
Series B, (BAM SAW), 5.00%, 02/01/31
|
|
4,000
|
4,265,927
|
|
Allentown Neighborhood Improvement Zone
Development Authority, RB(b)
|
|
|
|
|
5.00%, 05/01/28
|
|
520
|
533,571
|
|
5.00%, 05/01/32
|
|
9,310
|
9,480,728
|
|
5.00%, 05/01/33
|
|
1,900
|
1,956,148
|
|
Chester County Health and Education Facilities
Authority, Refunding RB
|
|
|
|
|
5.00%, 06/01/30
|
|
550
|
586,502
|
|
Series A, 5.00%, 12/01/30
|
|
2,180
|
2,052,483
|
|
Chester County Industrial Development Authority, SAB,
4.38%, 03/01/28(b)
|
|
96
|
95,966
|
|
City of Philadelphia Pennsylvania Airport Revenue,
Refunding RB, Series A, 5.00%, 07/01/30
|
|
5,000
|
5,540,269
|
|
City of Philadelphia Pennsylvania, Refunding GO,
(AGM), 4.00%, 08/01/32
|
|
6,000
|
6,112,667
|
|
Clarion County Industrial Development Authority,
Refunding RB, AMT, 2.45%, 12/01/39(a)
|
|
4,200
|
3,863,238
|
|
Commonwealth Financing Authority, RB
|
|
|
|
|
5.00%, 06/01/32
|
|
8,055
|
8,465,528
|
|
5.00%, 06/01/33
|
|
3,560
|
3,733,913
|
|
Commonwealth of Pennsylvania, GO, 1st Series,
5.00%, 08/15/30
|
|
7,500
|
8,321,155
|
|
Commonwealth of Pennsylvania, Refunding GO, 1st
Series, 4.00%, 01/01/29
|
|
1,525
|
1,547,413
|
|
Cumberland County Municipal Authority, Refunding RB
|
|
|
|
|
5.00%, 01/01/29
|
|
385
|
385,218
|
|
5.00%, 01/01/30
|
|
875
|
875,514
|
|
5.00%, 01/01/32
|
|
1,510
|
1,511,807
|
|
Dauphin County General Authority, Refunding RB,
Series A, 4.00%, 06/01/31
|
|
2,275
|
2,284,564
|
|
East Hempfield Township Industrial Development
Authority, Refunding RB
|
|
|
|
|
5.00%, 12/01/28
|
|
370
|
370,173
|
|
5.00%, 12/01/30
|
|
135
|
135,070
|
|
Geisinger Authority, Refunding RB
|
|
|
|
|
5.00%, 04/01/43(a)
|
|
2,000
|
2,142,230
|
|
Series A-2, 5.00%, 02/15/32
|
|
4,000
|
4,100,465
|
|
Series A-2, 5.00%, 02/15/34
|
|
1,750
|
1,788,336
|
|
Lancaster County Hospital Authority, Refunding RB,
3.00%, 08/15/30
|
|
2,535
|
2,538,707
|
|
Lancaster Municipal Authority, Refunding RB
|
|
|
|
|
Series A, 5.00%, 05/01/29
|
|
190
|
199,926
|
|
Series A, 5.00%, 05/01/30
|
|
195
|
208,006
|
|
Lehigh County Industrial Development Authority,
Refunding RB, Series A, 3.00%, 09/01/29
|
|
13,500
|
13,500,379
|
|
Montgomery County Higher Education and Health
Authority, Refunding RB
|
|
|
|
|
4.00%, 09/01/35
|
|
1,735
|
1,756,732
|
|
4.00%, 09/01/36
|
|
1,500
|
1,507,571
|
|
Series A, 5.00%, 09/01/31
|
|
1,750
|
1,850,625
|
|
Series A, 5.00%, 09/01/32
|
|
1,315
|
1,387,163
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pennsylvania (continued)
|
|
||
|
Montgomery County Industrial Development Authority,
Refunding RB, 5.00%, 01/01/30
|
$
|
2,000
|
$ 2,000,731
|
|
Northampton County General Purpose Authority,
Refunding RB, 5.00%, 11/01/34
|
|
1,400
|
1,451,923
|
|
Pennsylvania Economic Development Financing
Authority, RB
|
|
|
|
|
5.00%, 12/31/29
|
|
5,000
|
5,045,881
|
|
5.00%, 12/31/30
|
|
13,100
|
13,215,821
|
|
5.00%, 12/31/34
|
|
16,500
|
16,613,847
|
|
Series A-1, 5.00%, 04/15/30
|
|
2,500
|
2,720,006
|
|
Series A-1, 5.00%, 05/15/31
|
|
5,715
|
6,290,095
|
|
AMT, 5.00%, 12/31/29
|
|
3,750
|
4,003,641
|
|
AMT, 5.00%, 06/30/30
|
|
3,500
|
3,758,545
|
|
Class A, AMT, 4.00%, 06/01/41(a)
|
|
3,795
|
3,798,754
|
|
Pennsylvania Economic Development Financing
Authority, Refunding RB, 5.00%, 03/15/60(a)
|
|
3,500
|
3,801,703
|
|
Pennsylvania Higher Education Assistance Agency,
RB, Series 1A, AMT, 5.00%, 06/01/30
|
|
3,500
|
3,699,206
|
|
Pennsylvania Higher Educational Facilities Authority,
RB, Series AT-1, 5.00%, 06/15/30
|
|
6,625
|
6,700,377
|
|
Pennsylvania Higher Educational Facilities Authority,
Refunding RB
|
|
|
|
|
5.00%, 05/01/31
|
|
275
|
276,643
|
|
5.00%, 05/01/33
|
|
3,320
|
3,337,522
|
|
5.00%, 05/01/35
|
|
1,000
|
1,004,295
|
|
Pennsylvania Housing Finance Agency, RB, S/F
Housing
|
|
|
|
|
Series 137, Sustainability Bonds, 1.90%, 04/01/30
|
|
1,625
|
1,517,910
|
|
Series 137, Sustainability Bonds, 1.95%, 10/01/30
|
|
875
|
814,553
|
|
Series 149A, Sustainability Bonds, 5.25%, 04/01/30
|
|
200
|
217,952
|
|
Series 149A, Sustainability Bonds, 5.25%, 10/01/30
|
|
500
|
547,944
|
|
Pennsylvania Housing Finance Agency, Refunding RB,
Series 125A, AMT, 3.40%, 10/01/32
|
|
8,890
|
8,689,429
|
|
Pennsylvania Turnpike Commission, RB
|
|
|
|
|
Sub-Series B-1, 5.00%, 06/01/31
|
|
3,000
|
3,106,361
|
|
Sub-Series B-1, 5.00%, 06/01/32
|
|
4,075
|
4,215,956
|
|
Pennsylvania Turnpike Commission, Refunding RB
|
|
|
|
|
2nd Sub Series, 5.00%, 12/01/32
|
|
1,000
|
1,046,692
|
|
2nd Sub Series, 5.00%, 12/01/33
|
|
1,815
|
1,893,911
|
|
2nd Sub Series, 5.00%, 12/01/34
|
|
1,500
|
1,561,998
|
|
2nd Sub Series, 5.00%, 12/01/35
|
|
2,005
|
2,083,734
|
|
Philadelphia Authority for Industrial Development, RB,
4.00%, 06/15/29
|
|
200
|
195,913
|
|
Philadelphia Gas Works Co., Refunding RB,
Series 14-T, 5.00%, 10/01/30
|
|
425
|
432,164
|
|
School District of Philadelphia, GOL
|
|
|
|
|
Series A, (SAW), 5.00%, 09/01/26
|
|
3,250
|
3,308,925
|
|
Series A, (SAW), 5.00%, 09/01/27
|
|
2,675
|
2,775,670
|
|
Series A, (SAW), 5.00%, 09/01/28
|
|
1,630
|
1,725,589
|
|
Southeastern Pennsylvania Transportation Authority,
RB, 5.00%, 06/01/30
|
|
5,000
|
5,486,717
|
|
Wayne County Hospital & Health Facilities Authority,
RB
|
|
|
|
|
Series A, (GTD), 5.00%, 07/01/31
|
|
105
|
108,130
|
|
Series A, (GTD), 4.00%, 07/01/33
|
|
440
|
443,525
|
|
West Cornwall Township Municipal Authority,
Refunding RB
|
|
|
|
|
Series A, 4.00%, 11/15/27
|
|
130
|
129,478
|
|
Series A, 4.00%, 11/15/28
|
|
105
|
104,506
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pennsylvania (continued)
|
|
||
|
West Cornwall Township Municipal Authority,
Refunding RB (continued)
|
|
|
|
|
Series A, 4.00%, 11/15/29
|
$
|
140
|
$ 139,329
|
|
Series A, 4.00%, 11/15/31
|
|
200
|
198,998
|
|
Westmoreland County Municipal Authority, Refunding
RB
|
|
|
|
|
(BAM), 5.00%, 08/15/31
|
|
5,000
|
5,196,032
|
|
(BAM), 5.00%, 08/15/32
|
|
17,945
|
18,643,613
|
|
|
|
|
253,735,652
|
|
Puerto Rico — 3.7%
|
|
||
|
Commonwealth of Puerto Rico, GO
|
|
|
|
|
Series A-1, Restructured, 5.63%, 07/01/27
|
|
6,990
|
7,186,367
|
|
Series A-1, Restructured, 5.63%, 07/01/29
|
|
1,534
|
1,637,755
|
|
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB, CAB(c)
|
|
|
|
|
Series A-1, Restructured, 0.00%, 07/01/29
|
|
14,055
|
12,425,136
|
|
Series A-1, Restructured, 0.00%, 07/01/31
|
|
33,523
|
27,414,841
|
|
Series B-1, Restructured, 0.00%, 07/01/31
|
|
5,755
|
4,706,393
|
|
Series B-1, Restructured, 0.00%, 07/01/33
|
|
6,477
|
4,904,245
|
|
|
|
|
58,274,737
|
|
Rhode Island — 0.9%
|
|
||
|
Rhode Island Student Loan Authority, RB
|
|
|
|
|
Series A, AMT, 5.00%, 12/01/29
|
|
1,950
|
2,061,038
|
|
Series A, AMT, 5.00%, 12/01/30
|
|
1,300
|
1,380,078
|
|
Tobacco Settlement Financing Corp., Refunding RB
|
|
|
|
|
Series A, 5.00%, 06/01/28
|
|
2,750
|
2,762,443
|
|
Series A, 5.00%, 06/01/29
|
|
4,500
|
4,520,361
|
|
Series A, 5.00%, 06/01/30
|
|
4,215
|
4,234,097
|
|
|
|
|
14,958,017
|
|
South Carolina — 1.2%
|
|
||
|
County of Charleston South Carolina, GO, Series A,
(SAW), 4.00%, 11/01/30
|
|
4,885
|
5,000,726
|
|
South Carolina Jobs-Economic Development Authority,
Refunding RB, Series A, 5.00%, 05/01/35
|
|
10,000
|
10,432,005
|
|
South Carolina Public Service Authority, Refunding RB,
Series A, 5.00%, 12/01/31
|
|
2,800
|
3,085,598
|
|
|
|
|
18,518,329
|
|
Tennessee — 1.6%
|
|
||
|
Chattanooga Health Educational & Housing Facility
Board, Refunding RB, Series A, 4.00%, 08/01/36
|
|
2,000
|
2,025,939
|
|
Metropolitan Government Nashville & Davidson County
Health & Educational Fcilities Board, RB
|
|
|
|
|
Class A, 5.00%, 07/01/29
|
|
10,000
|
10,706,823
|
|
Series A, 5.00%, 07/01/31
|
|
1,300
|
1,316,232
|
|
Tennergy Corp., RB, Series A, 4.00%, 12/01/51(a)
|
|
6,000
|
6,126,599
|
|
Tennessee Energy Acquisition Corp., RB, Series A,
5.00%, 05/01/52(a)
|
|
5,000
|
5,393,379
|
|
|
|
|
25,568,972
|
|
Texas — 11.7%
|
|
||
|
City of Austin Texas Airport System Revenue, ARB,
AMT, 5.00%, 11/15/30
|
|
2,000
|
2,183,859
|
|
City of Houston Texas Airport System Revenue, ARB
|
|
|
|
|
Series B-1, AMT, 5.00%, 07/15/30
|
|
1,900
|
1,900,012
|
|
Series C, AMT, 5.00%, 07/15/28
|
|
3,000
|
3,086,612
|
|
City of Houston Texas Airport System Revenue,
Refunding RB
|
|
|
|
|
Sub-Series D, 5.00%, 07/01/33
|
|
7,000
|
7,381,097
|
|
AMT, 5.00%, 07/01/29
|
|
11,490
|
11,490,070
|
|
Series C, AMT, 5.00%, 07/15/27
|
|
5,150
|
5,252,991
|
|
Security
|
|
Par
(000)
|
Value
|
|
Texas (continued)
|
|
||
|
City of Houston Texas Airport System Revenue,
Refunding RB (continued)
|
|
|
|
|
Sub-Series A, AMT, 5.00%, 07/01/30
|
$
|
1,200
|
$ 1,300,517
|
|
City of Houston Texas Combined Utility System
Revenue, Refunding RB, Series B, 1st Lien,
Subordinate, 5.00%, 11/15/34
|
|
7,315
|
7,465,666
|
|
Clifton Higher Education Finance Corp., Refunding RB,
Series A, 3.95%, 12/01/32
|
|
1,495
|
1,495,230
|
|
Dallas Fort Worth International Airport, ARB,
Series A-2, AMT, 5.00%, 11/01/50(a)
|
|
7,500
|
7,931,783
|
|
Dallas Fort Worth International Airport, Refunding RB,
5.00%, 11/01/32
|
|
2,500
|
2,763,305
|
|
Harris County Cultural Education Facilities Finance
Corp., RB
|
|
|
|
|
5.00%, 07/01/38
|
|
2,275
|
2,295,921
|
|
Series B, 5.75%, 01/01/28
|
|
460
|
460,688
|
|
Series B, 6.38%, 01/01/33
|
|
40
|
40,080
|
|
Harris County Cultural Education Facilities Finance
Corp., Refunding RB
|
|
|
|
|
Series A, 5.00%, 06/01/28
|
|
735
|
729,871
|
|
Series A, 5.00%, 01/01/33
|
|
600
|
600,500
|
|
Series A, 5.00%, 06/01/33
|
|
3,000
|
2,940,106
|
|
Love Field Airport Modernization Corp., ARB, AMT,
5.00%, 11/01/26
|
|
430
|
437,660
|
|
Lower Colorado River Authority, Refunding RB,
Series A, 5.00%, 05/15/30
|
|
3,415
|
3,750,847
|
|
Matagorda County Navigation District No. 1, Refunding
RB
|
|
|
|
|
Series A, (AMBAC), 4.40%, 05/01/30
|
|
7,885
|
8,227,597
|
|
Series B, (AMBAC), 4.55%, 05/01/30
|
|
12,055
|
12,592,203
|
|
Series B-2, 4.00%, 06/01/30
|
|
10,100
|
10,103,344
|
|
AMT, 4.25%, 05/01/30
|
|
6,855
|
7,139,336
|
|
Midland County Fresh Water Supply District No. 1, RB,
CAB, Series A, 0.00%, 09/15/27(c)(g)
|
|
20,370
|
15,504,097
|
|
New Hope Cultural Education Facilities Finance Corp.,
RB, Series A, 4.00%, 08/15/29(b)
|
|
225
|
224,929
|
|
Port Authority of Houston of Harris County Texas, ARB,
1st Lien, 5.00%, 10/01/30
|
|
2,000
|
2,213,999
|
|
Socorro Independent School District, Refunding GO,
Series B, (PSF), 4.00%, 08/15/34
|
|
2,275
|
2,298,894
|
|
Spring Branch Independent School District, GO, (PSF),
3.00%, 02/01/33
|
|
5,000
|
5,015,253
|
|
Tarrant County Cultural Education Facilities Finance
Corp., RB
|
|
|
|
|
Class F, 5.00%, 11/15/52(a)
|
|
3,585
|
3,891,260
|
|
Series B, 5.00%, 07/01/35
|
|
9,435
|
9,941,374
|
|
Texas Municipal Gas Acquisition & Supply Corp. III,
Refunding RB
|
|
|
|
|
5.00%, 12/15/30
|
|
8,935
|
9,575,876
|
|
5.00%, 12/15/32
|
|
9,080
|
9,914,379
|
|
Texas Municipal Gas Acquisition & Supply Corp. IV,
RB, Series A, 5.50%, 01/01/54(a)
|
|
13,000
|
13,936,121
|
|
Texas Municipal Gas Acquisition & Supply Corp. V, RB,
5.00%, 01/01/55(a)
|
|
8,100
|
8,915,386
|
|
|
|
|
183,000,863
|
|
Utah — 0.5%
|
|
||
|
City of Salt Lake City Utah Airport Revenue, ARB,
Series A, AMT, 5.00%, 07/01/30
|
|
6,475
|
7,029,098
|
|
Security
|
|
Par
(000)
|
Value
|
|
Utah (continued)
|
|
||
|
Downtown Revitalization Public Infrastructure District,
RB
|
|
|
|
|
Series A, 1st Lien, (AGM), 5.00%, 06/01/30
|
$
|
700
|
$ 767,508
|
|
Series B, 2nd Lien, (AGM), 5.00%, 06/01/30
|
|
760
|
830,557
|
|
|
|
|
8,627,163
|
|
Vermont — 0.3%
|
|
||
|
Vermont Economic Development Authority, RB, AMT,
5.00%, 06/01/52(a)(b)
|
|
4,000
|
4,051,644
|
|
Virginia — 1.3%
|
|
||
|
Hanover County Economic Development Authority,
Refunding RB, 4.00%, 07/01/30(b)
|
|
1,000
|
998,947
|
|
Roanoke Economic Development Authority, RB,
5.00%, 07/01/30
|
|
4,665
|
5,125,535
|
|
Roanoke Economic Development Authority, Refunding
RB, 5.00%, 07/01/53(a)
|
|
7,960
|
8,580,076
|
|
Virginia Commonwealth Transportation Board, RB,
5.00%, 09/15/30
|
|
5,000
|
5,090,557
|
|
|
|
|
19,795,115
|
|
Washington — 3.2%
|
|
||
|
County of King Washington Sewer Revenue,
Refunding RB, Series A, Junior Lien, 3.45%,
01/01/40(a)
|
|
4,050
|
4,011,524
|
|
Port of Seattle Washington, ARB
|
|
|
|
|
Series C, AMT, Intermediate Lien, 5.00%, 05/01/33
|
|
6,695
|
6,846,679
|
|
Series C, AMT, Intermediate Lien, 5.00%, 05/01/34
|
|
6,000
|
6,125,384
|
|
Port of Seattle Washington, Refunding ARB
|
|
|
|
|
Series C, AMT, 5.00%, 08/01/30
|
|
1,000
|
1,092,086
|
|
Series B, AMT, Intermediate Lien, 5.00%, 07/01/30
|
|
3,000
|
3,271,723
|
|
Washington Health Care Facilities Authority, RB,
Class B, 5.00%, 10/01/30
|
|
10,000
|
10,946,006
|
|
Washington Health Care Facilities Authority, Refunding
RB
|
|
|
|
|
Series A, 5.00%, 09/01/30
|
|
1,600
|
1,743,666
|
|
Series B, 5.00%, 08/15/35
|
|
9,485
|
9,732,636
|
|
Washington State Convention Center Public Facilities
District, RB, Sustainability Bonds, 4.00%, 07/01/31
|
|
4,240
|
4,367,670
|
|
Washington State Housing Finance Commission,
Refunding RB
|
|
|
|
|
Series A, 5.00%, 07/01/26
|
|
285
|
287,526
|
|
Series A, 5.00%, 07/01/27
|
|
350
|
358,213
|
|
Series A, 5.00%, 07/01/28
|
|
550
|
570,780
|
|
Series A, 5.00%, 07/01/29
|
|
775
|
815,208
|
|
Series A, 5.00%, 07/01/30
|
|
815
|
867,697
|
|
|
|
|
51,036,798
|
|
West Virginia — 0.2%
|
|
||
|
West Virginia Hospital Finance Authority, RB
|
|
|
|
|
Series A, 5.00%, 06/01/31
|
|
1,950
|
2,013,476
|
|
Series A, 5.00%, 06/01/33
|
|
1,100
|
1,131,643
|
|
|
|
|
3,145,119
|
|
Wisconsin — 2.7%
|
|
||
|
Public Finance Authority, RB(b)
|
|
|
|
|
4.00%, 06/15/30
|
|
1,500
|
1,416,565
|
|
Security
|
|
Par
(000)
|
Value
|
|
Wisconsin (continued)
|
|
||
|
Public Finance Authority, RB(b) (continued)
|
|
|
|
|
5.00%, 07/15/30
|
$
|
2,173
|
$ 2,177,641
|
|
5.00%, 01/01/31
|
|
650
|
655,951
|
|
Series A, 4.00%, 07/15/29
|
|
395
|
393,215
|
|
Series A, 4.00%, 03/01/30
|
|
970
|
949,910
|
|
Series A, 3.75%, 06/01/30
|
|
335
|
317,469
|
|
Series A, 5.00%, 06/15/31
|
|
695
|
701,640
|
|
Public Finance Authority, Refunding RB
|
|
|
|
|
5.00%, 11/15/30
|
|
240
|
258,329
|
|
Class A, 3.00%, 12/01/26(b)
|
|
125
|
121,934
|
|
Class C, 4.00%, 10/01/30(a)(g)
|
|
2,770
|
2,957,307
|
|
Class C, 4.00%, 10/01/41(a)
|
|
4,230
|
4,358,708
|
|
AMT, 2.63%, 11/01/25
|
|
3,000
|
3,000,000
|
|
Class B, AMT, 4.00%, 10/01/46(a)
|
|
1,750
|
1,792,155
|
|
Series B, AMT, 5.25%, 07/01/28
|
|
755
|
755,615
|
|
Waunakee Community School District, RB, 3.63%,
04/01/30
|
|
11,820
|
11,995,957
|
|
Wisconsin Health & Educational Facilities Authority,
RB, Series B-2, 4.20%, 08/15/28
|
|
1,085
|
1,080,404
|
|
Wisconsin Health & Educational Facilities Authority,
Refunding RB, 5.00%, 04/01/35
|
|
2,500
|
2,621,906
|
|
Wisconsin Housing & Economic Development Authority
Home Ownership Revenue, RB, S/F Housing,
Series D, (FNMA), 3.00%, 09/01/32
|
|
7,265
|
7,208,823
|
|
|
|
|
42,763,529
|
|
Total Municipal Bonds — 142.8%
(Cost: $2,231,727,659)
|
2,241,209,263
|
||
|
Municipal Bonds Transferred to Tender Option Bond Trusts(h)
|
|||
|
Colorado(i) — 0.6%
|
|
||
|
City & County of Denver Colorado Airport System
Revenue, Refunding ARB
|
|
|
|
|
Series A, 4.25%, 11/15/31
|
|
8,085
|
8,089,063
|
|
Series A, 4.25%, 11/15/32
|
|
2,230
|
2,231,252
|
|
|
|
|
10,320,315
|
|
Florida(i) — 6.0%
|
|
||
|
County of Broward Florida Airport System Revenue,
ARB
|
|
|
|
|
Series Q-1, 4.00%, 10/01/29
|
|
17,200
|
17,208,210
|
|
Series Q-1, 4.00%, 10/01/30
|
|
18,095
|
18,103,664
|
|
Series Q-1, 4.00%, 10/01/31
|
|
18,820
|
18,829,004
|
|
Series Q-1, 4.00%, 10/01/32
|
|
19,575
|
19,584,358
|
|
Series Q-1, 4.00%, 10/01/33
|
|
20,355
|
20,364,740
|
|
|
|
|
94,089,976
|
|
Security
|
|
Par
(000)
|
Value
|
|
Georgia — 1.3%
|
|
||
|
Main Street Natural Gas, Inc., RB, Series C, 5.00%,
09/01/53(a)
|
$
|
18,465
|
$ 19,754,079
|
|
Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 7.9%
(Cost: $123,617,815)
|
124,164,370
|
||
|
Total Long-Term Investments — 150.7%
(Cost: $2,355,345,474)
|
2,365,373,633
|
||
|
|
|
Shares
|
|
|
Short-Term Securities
|
|||
|
Money Market Funds — 1.7%
|
|
||
|
BlackRock Liquidity Funds, MuniCash, Institutional
Shares, 3.01%(j)(k)
|
|
27,755,194
|
27,757,970
|
|
Total Short-Term Securities — 1.7%
(Cost: $27,757,970)
|
27,757,970
|
||
|
Total Investments — 152.4%
(Cost: $2,383,103,444)
|
2,393,131,603
|
||
|
Other Assets Less Liabilities — 0.6%
|
9,500,400
|
||
|
Liability for TOB Trust Certificates, Including Interest Expense and
Fees Payable — (5.3)%
|
(83,530,691
)
|
||
|
VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —
(47.7)%
|
(749,287,101
)
|
||
|
Net Assets Applicable to Common Shares — 100.0%
|
$ 1,569,814,211
|
||
|
(a)
|
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.
|
|
(b)
|
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.
|
|
(c)
|
Zero-coupon bond.
|
|
(d)
|
When-issued security.
|
|
(e)
|
Issuer filed for bankruptcy and/or is in default.
|
|
(f)
|
Non-income producing security.
|
|
(g)
|
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.
|
|
(h)
|
Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates
received by the Trust. These bonds serve as collateral in a secured borrowing.
|
|
(i)
|
All or a portion of the security is subject to a recourse agreement. The aggregate
maximum potential amount the Trust could ultimately be required to pay under the
agreements, which expire between October 1, 2029 to November 15, 2032, is
$71,728,412.
|
|
(j)
|
Affiliate of the Trust.
|
|
(k)
|
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
|
$ 19,711,831
|
$ 8,046,139
(a)
|
$ —
|
$ —
|
$ —
|
$ 27,757,970
|
27,755,194
|
$ 86,814
|
$ —
|
|
(a)
|
Represents net amount purchased (sold).
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Municipal Bonds
|
$ —
|
$ 2,241,209,263
|
$ —
|
$ 2,241,209,263
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts
|
—
|
124,164,370
|
—
|
124,164,370
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
27,757,970
|
—
|
—
|
27,757,970
|
|
|
$27,757,970
|
$2,365,373,633
|
$—
|
$2,393,131,603
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Liabilities
|
|
|
|
|
|
TOB Trust Certificates
|
$—
|
$(83,414,981
)
|
$—
|
$(83,414,981
)
|
|
VRDP Shares at Liquidation Value
|
—
|
(750,000,000
)
|
—
|
(750,000,000
)
|
|
|
$—
|
$(833,414,981
)
|
$—
|
$(833,414,981
)
|
|
Portfolio Abbreviation
|
|
|
AGM
|
Assured Guaranty Municipal Corp.
|
|
AMBAC
|
AMBAC Assurance Corp.
|
|
AMT
|
Alternative Minimum Tax
|
|
ARB
|
Airport Revenue Bonds
|
|
BAM
|
Build America Mutual Assurance Co.
|
|
CAB
|
Capital Appreciation Bonds
|
|
COP
|
Certificates of Participation
|
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
|
FNMA
|
Federal National Mortgage Association
|
|
GNMA
|
Government National Mortgage Association
|
|
GO
|
General Obligation Bonds
|
|
GOL
|
General Obligation Ltd.
|
|
GTD
|
GTD Guaranteed
|
|
M/F
|
Multi-Family
|
|
NPFGC
|
National Public Finance Guarantee Corp.
|
|
PSF
|
Permanent School Fund
|
|
RB
|
Revenue Bonds
|
|
S/F
|
Single-Family
|
|
SAB
|
Special Assessment Bonds
|
|
SAP
|
Subject to Appropriations
|
|
SAW
|
State Aid Withholding
|
|
ST
|
Special Tax
|
|
TA
|
Tax Allocation
|