|
2024 Quarterly Report
(Unaudited)
|
|
BlackRock MuniHoldings Fund, Inc. (MHD)
|
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
|
Security
|
|
Par
(000)
|
Value
|
|
Municipal Bonds
|
|||
|
Alabama — 4.9%
|
|
||
|
Black Belt Energy Gas District, RB(a)
|
|
|
|
|
Series A, 5.25%, 01/01/54
|
$
|
2,450
|
$ 2,615,195
|
|
Series A, 5.25%, 05/01/55
|
|
1,275
|
1,380,572
|
|
Series F, 5.50%, 11/01/53
|
|
1,115
|
1,182,526
|
|
Black Belt Energy Gas District, Refunding RB, 4.00%,
06/01/51(a)
|
|
9,590
|
9,683,095
|
|
County of Jefferson Alabama Sewer Revenue,
Refunding RB, 5.50%, 10/01/53
|
|
4,715
|
5,103,873
|
|
Energy Southeast A Cooperative District, RB, Series B,
5.25%, 07/01/54(a)
|
|
2,825
|
3,044,401
|
|
Southeast Energy Authority A Cooperative District, RB(a)
|
|
|
|
|
Series A-1, 5.50%, 01/01/53
|
|
1,890
|
2,023,555
|
|
Series B, 5.00%, 01/01/54
|
|
4,595
|
4,864,077
|
|
Series B-1, 5.00%, 05/01/53
|
|
4,510
|
4,703,879
|
|
|
|
|
34,601,173
|
|
Arizona — 2.5%
|
|
||
|
Arizona Industrial Development Authority, RB(b)
|
|
|
|
|
4.38%, 07/01/39
|
|
575
|
527,986
|
|
Series A, 5.00%, 07/01/49
|
|
550
|
516,364
|
|
Series A, 5.00%, 07/01/54
|
|
425
|
394,012
|
|
Arizona Industrial Development Authority, Refunding
RB(b)
|
|
|
|
|
Series A, 5.50%, 07/01/52
|
|
130
|
127,343
|
|
Series G, 5.00%, 07/01/47
|
|
435
|
411,718
|
|
City of Phoenix Civic Improvement Corp., RB, Junior
Lien, 5.25%, 07/01/47
|
|
2,425
|
2,666,659
|
|
Glendale Industrial Development Authority, RB, 5.00%,
05/15/56
|
|
65
|
61,081
|
|
Industrial Development Authority of the City of Phoenix
Arizona, RB, Series A, 5.00%, 07/01/46(b)
|
|
2,120
|
2,123,082
|
|
Industrial Development Authority of the County of Pima,
RB, 5.00%, 07/01/34(b)
|
|
400
|
401,076
|
|
Industrial Development Authority of the County of Pima,
Refunding RB, 5.00%, 06/15/49(b)
|
|
300
|
295,647
|
|
Maricopa County Industrial Development Authority,
Refunding RB, Series A, 4.13%, 09/01/38
|
|
775
|
777,797
|
|
Salt Verde Financial Corp., RB
|
|
|
|
|
5.00%, 12/01/32
|
|
3,500
|
3,720,596
|
|
5.00%, 12/01/37
|
|
5,235
|
5,682,810
|
|
|
|
|
17,706,171
|
|
Arkansas — 1.3%
|
|
||
|
Arkansas Development Finance Authority, RB
|
|
|
|
|
AMT, 4.75%, 09/01/49(b)
|
|
4,235
|
4,153,092
|
|
AMT, Sustainability Bonds, 5.70%, 05/01/53
|
|
1,170
|
1,215,902
|
|
City of Benton Arkansas Sales & Use Tax, RB, (AGM),
4.00%, 06/01/39
|
|
505
|
503,207
|
|
City of Springdale Arkansas Sales & Use Tax Revenue,
RB, Series B, (BAM), 4.13%, 08/01/47
|
|
3,085
|
3,089,135
|
|
|
|
|
8,961,336
|
|
California — 5.2%
|
|
||
|
California Community Choice Financing Authority, RB,
Series B, Sustainability Bonds, 5.00%, 01/01/55(a)
|
|
6,370
|
6,829,676
|
|
California Enterprise Development Authority, RB, 8.00%,
11/15/62(b)
|
|
1,025
|
1,061,449
|
|
California Infrastructure & Economic Development Bank,
RB, Series A-4, AMT, 8.00%, 01/01/50(a)(b)
|
|
825
|
849,884
|
|
California Municipal Finance Authority, ARB, AMT,
Senior Lien, 5.00%, 12/31/43
|
|
800
|
806,692
|
|
Security
|
|
Par
(000)
|
Value
|
|
California (continued)
|
|
||
|
California Pollution Control Financing Authority, RB,
AMT, 5.00%, 11/21/45(b)
|
$
|
1,755
|
$ 1,754,995
|
|
City of Los Angeles Department of Airports, Refunding
ARB, AMT, Subordinate, 5.00%, 05/15/46
|
|
830
|
871,826
|
|
Hartnell Community College District, GO, Series D,
7.00%, 08/01/34(c)
|
|
1,650
|
1,818,053
|
|
Norwalk-La Mirada Unified School District, Refunding
GO, Series E, Election 2002, (AGC), 0.00%,
08/01/38(d)
|
|
8,000
|
4,690,998
|
|
Palomar Community College District, GO
|
|
|
|
|
Series B, Convertible, 6.20%, 08/01/39(c)
|
|
2,605
|
3,182,351
|
|
Series B, Election 2006, 0.00%, 08/01/30(d)
|
|
1,500
|
1,249,199
|
|
San Diego Community College District, GO, Election
2002, 6.00%, 08/01/27(c)(e)
|
|
2,800
|
3,054,607
|
|
San Diego County Regional Airport Authority, ARB
|
|
|
|
|
Series B, AMT, 5.00%, 07/01/47
|
|
1,515
|
1,534,128
|
|
Series B, AMT, Subordinate, 5.00%, 07/01/56
|
|
2,150
|
2,205,933
|
|
San Diego Unified School District, GO(d)(f)
|
|
|
|
|
Class A, 0.00%, 07/01/29
|
|
5,315
|
4,641,765
|
|
Series A, 0.00%, 07/01/29
|
|
685
|
598,233
|
|
Washington Township Health Care District, GO,
Series B, Election 2004, 5.50%, 08/01/40
|
|
920
|
922,064
|
|
|
|
|
36,071,853
|
|
Colorado — 2.3%
|
|
||
|
City & County of Denver Colorado Airport System
Revenue, Refunding ARB, Series D, AMT, 5.75%,
11/15/45
|
|
1,160
|
1,283,335
|
|
City & County of Denver Colorado Pledged Excise Tax
Revenue, RB, CAB(d)
|
|
|
|
|
Series A-2, 0.00%, 08/01/37
|
|
1,490
|
847,725
|
|
Series A-2, 0.00%, 08/01/38
|
|
915
|
493,962
|
|
Colorado Educational & Cultural Facilities Authority, RB,
5.50%, 07/01/40
|
|
2,510
|
2,512,936
|
|
Colorado Health Facilities Authority, RB
|
|
|
|
|
5.50%, 11/01/47
|
|
480
|
526,814
|
|
5.25%, 11/01/52
|
|
1,000
|
1,063,653
|
|
Colorado Health Facilities Authority, Refunding RB
|
|
|
|
|
Series A, 5.00%, 08/01/44
|
|
4,415
|
4,548,469
|
|
Series A, 4.00%, 11/15/46
|
|
1,610
|
1,529,650
|
|
Series A, 4.00%, 08/01/49
|
|
1,950
|
1,788,890
|
|
Series A, 4.00%, 11/15/50
|
|
1,480
|
1,401,740
|
|
|
|
|
15,997,174
|
|
Connecticut — 0.1%
|
|
||
|
Connecticut State Health & Educational Facilities
Authority, RB
|
|
|
|
|
5.25%, 07/15/48
|
|
390
|
418,838
|
|
4.25%, 07/15/53
|
|
525
|
510,598
|
|
|
|
|
929,436
|
|
Delaware — 0.5%
|
|
||
|
County of Kent Delaware, RB
|
|
|
|
|
Series A, 5.00%, 07/01/40
|
|
330
|
333,793
|
|
Series A, 5.00%, 07/01/53
|
|
775
|
775,043
|
|
Delaware State Health Facilities Authority, RB, 5.00%,
06/01/48
|
|
2,180
|
2,200,096
|
|
|
|
|
3,308,932
|
|
District of Columbia — 5.6%
|
|
||
|
District of Columbia Income Tax Revenue, RB, Series A,
5.25%, 05/01/48
|
|
3,490
|
3,792,104
|
|
District of Columbia, Refunding RB, 5.00%, 10/01/48
|
|
1,695
|
1,708,978
|
|
District of Columbia, TA, 5.13%, 06/01/41
|
|
1,195
|
1,196,207
|
|
Security
|
|
Par
(000)
|
Value
|
|
District of Columbia (continued)
|
|
||
|
Metropolitan Washington Airports Authority Aviation
Revenue, Refunding ARB
|
|
|
|
|
Series A, AMT, 4.00%, 10/01/39
|
$
|
1,060
|
$ 1,041,534
|
|
Series A, AMT, 5.25%, 10/01/48
|
|
1,395
|
1,474,905
|
|
Metropolitan Washington Airports Authority Dulles Toll
Road Revenue, Refunding RB
|
|
|
|
|
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/34(d)
|
|
10,170
|
6,966,933
|
|
Series B, 2nd Senior Lien, (AGC), 0.00%, 10/01/35(d)
|
|
13,485
|
8,811,193
|
|
Series B, Subordinate, 4.00%, 10/01/49
|
|
2,000
|
1,850,610
|
|
Washington Metropolitan Area Transit Authority
Dedicated Revenue, RB
|
|
|
|
|
Series A, 2nd Lien, Sustainability Bonds, 4.38%,
07/15/56
|
|
4,780
|
4,558,932
|
|
Series A, 2nd Lien, Sustainability Bonds, 4.38%,
07/15/59
|
|
6,720
|
6,669,196
|
|
Series A, Sustainability Bonds, 4.00%, 07/15/46
|
|
875
|
852,349
|
|
|
|
|
38,922,941
|
|
Florida — 7.5%
|
|
||
|
Broward County Florida Water & Sewer Utility Revenue,
RB, Series A, 4.00%, 10/01/45
|
|
585
|
572,154
|
|
Capital Trust Agency, Inc., RB(b)
|
|
|
|
|
5.00%, 01/01/55
|
|
305
|
290,557
|
|
Series A, 5.00%, 06/01/45
|
|
480
|
436,998
|
|
Series A, 5.50%, 06/01/57
|
|
170
|
159,175
|
|
City of Gainesville Florida Utilities System Revenue,
Refunding RB
|
|
|
|
|
Series A, 5.00%, 10/01/29(e)
|
|
20
|
21,914
|
|
Series A, 5.00%, 10/01/47
|
|
4,095
|
4,278,061
|
|
City of South Miami Health Facilities Authority, Inc.,
Refunding RB, 5.00%, 08/15/42
|
|
1,290
|
1,323,015
|
|
City of Tampa Florida, RB, Series B, 5.00%, 07/01/50
|
|
2,685
|
2,774,261
|
|
Collier County Industrial Development Authority, RB,
Series A, (AGM), 5.00%, 10/01/49
|
|
2,500
|
2,653,745
|
|
County of Broward Florida Airport System Revenue,
ARB, Series A, AMT, 5.00%, 10/01/49
|
|
1,000
|
1,032,652
|
|
County of Lee Florida Airport Revenue, ARB, AMT,
5.25%, 10/01/49
|
|
1,025
|
1,096,082
|
|
County of Miami-Dade Florida Aviation Revenue,
Refunding ARB, Series A, AMT, 5.00%, 10/01/44
|
|
4,695
|
4,790,119
|
|
County of Miami-Dade Florida, RB, 5.00%, 04/01/48
|
|
1,930
|
2,048,432
|
|
County of Miami-Dade Seaport Department, Refunding
RB, Series A-1, AMT, (AGM), 4.00%, 10/01/45
|
|
2,180
|
2,019,384
|
|
County of Osceola Florida Transportation Revenue,
Refunding RB, CAB(d)
|
|
|
|
|
Series A-2, 0.00%, 10/01/46
|
|
885
|
306,367
|
|
Series A-2, 0.00%, 10/01/47
|
|
1,040
|
342,135
|
|
County of Pasco Florida, RB, (AGM), 5.75%, 09/01/54
|
|
500
|
553,206
|
|
Cypress Bluff Community Development District, SAB,
Series A, 3.80%, 05/01/50(b)
|
|
430
|
348,216
|
|
Florida Development Finance Corp., RB
|
|
|
|
|
6.50%, 06/30/57(b)(g)(h)
|
|
612
|
431,937
|
|
Series A, 5.00%, 06/15/56
|
|
75
|
74,987
|
|
AMT, 5.00%, 05/01/29(b)
|
|
270
|
274,357
|
|
Florida Development Finance Corp., Refunding RB
|
|
|
|
|
5.00%, 09/15/50(b)
|
|
270
|
248,273
|
|
AMT, (AGM), 5.25%, 07/01/53
|
|
8,095
|
8,404,046
|
|
Hillsborough County Aviation Authority, ARB, Class A,
AMT, 5.00%, 10/01/48
|
|
1,730
|
1,756,875
|
|
Hillsborough County Industrial Development Authority,
Refunding RB
|
|
|
|
|
Series C, 5.25%, 11/15/49
|
|
825
|
907,702
|
|
Security
|
|
Par
(000)
|
Value
|
|
Florida (continued)
|
|
||
|
Hillsborough County Industrial Development Authority,
Refunding RB (continued)
|
|
|
|
|
Series C, 4.13%, 11/15/51
|
$
|
6,370
|
$ 6,173,167
|
|
Series C, 5.50%, 11/15/54
|
|
1,325
|
1,483,295
|
|
Lakewood Ranch Stewardship District, SAB, 6.30%,
05/01/54
|
|
570
|
599,271
|
|
Orange County Health Facilities Authority, RB
|
|
|
|
|
5.00%, 10/01/47
|
|
1,500
|
1,553,520
|
|
Series A, 5.00%, 10/01/53
|
|
1,075
|
1,120,754
|
|
Palm Beach County Health Facilities Authority,
Refunding RB, 4.00%, 08/15/49
|
|
1,185
|
1,123,348
|
|
Southern Groves Community Development District No.
5, Refunding SAB, 4.00%, 05/01/43
|
|
220
|
188,954
|
|
Stevens Plantation Community Development District,
SAB, Series A, 7.10%, 05/01/35(g)(h)
|
|
800
|
536,091
|
|
Trout Creek Community Development District, SAB
|
|
|
|
|
4.00%, 05/01/40
|
|
630
|
573,699
|
|
4.00%, 05/01/51
|
|
1,050
|
873,565
|
|
Village Community Development District No. 15, SAB,
5.25%, 05/01/54(b)
|
|
595
|
613,932
|
|
Westside Community Development District, SAB,
4.00%, 05/01/50
|
|
815
|
623,734
|
|
|
|
|
52,607,980
|
|
Georgia — 2.1%
|
|
||
|
City of Atlanta Georgia Department of Aviation,
Refunding ARB, Series B, AMT, 5.00%, 07/01/52
|
|
1,520
|
1,559,919
|
|
Dalton Whitfield County Joint Development Authority,
RB, 4.00%, 08/15/48
|
|
2,615
|
2,441,687
|
|
East Point Business & Industrial Development Authority,
RB, Series A, 5.25%, 06/15/62(b)
|
|
535
|
528,871
|
|
Gainesville & Hall County Hospital Authority, RB,
Series A, 4.00%, 02/15/51
|
|
1,460
|
1,358,083
|
|
Main Street Natural Gas, Inc., RB, Series A, 5.00%,
06/01/53(a)
|
|
7,815
|
8,263,832
|
|
Municipal Electric Authority of Georgia, RB, Series A,
5.00%, 01/01/59
|
|
480
|
486,445
|
|
|
|
|
14,638,837
|
|
Hawaii — 0.1%
|
|
||
|
State of Hawaii Airports System Revenue, COP
|
|
|
|
|
AMT, 5.25%, 08/01/25
|
|
425
|
425,215
|
|
AMT, 5.25%, 08/01/26
|
|
460
|
460,232
|
|
|
|
|
885,447
|
|
Idaho — 0.4%
|
|
||
|
Idaho Housing & Finance Association, RB, S/F Housing,
Series A, (FHLMC, FNMA, GNMA), 4.60%, 01/01/49
|
|
855
|
850,333
|
|
Power County Industrial Development Corp., RB,
6.45%, 08/01/32
|
|
2,000
|
2,004,438
|
|
|
|
|
2,854,771
|
|
Illinois — 7.9%
|
|
||
|
Chicago Board of Education, GO
|
|
|
|
|
Series A, 5.00%, 12/01/34
|
|
1,760
|
1,808,920
|
|
Series A, 5.00%, 12/01/40
|
|
1,410
|
1,423,100
|
|
Series A, 5.00%, 12/01/42
|
|
1,480
|
1,451,851
|
|
Series C, 5.25%, 12/01/35
|
|
2,655
|
2,656,415
|
|
Series D, 5.00%, 12/01/46
|
|
3,480
|
3,447,802
|
|
Series H, 5.00%, 12/01/36
|
|
585
|
588,490
|
|
Chicago Board of Education, Refunding GO
|
|
|
|
|
Series C, 5.00%, 12/01/27
|
|
500
|
513,440
|
|
Series C, 5.00%, 12/01/34
|
|
475
|
482,158
|
|
Security
|
|
Par
(000)
|
Value
|
|
Illinois (continued)
|
|
||
|
Chicago Board of Education, Refunding GO (continued)
|
|
|
|
|
Series G, 5.00%, 12/01/34
|
$
|
315
|
$ 319,240
|
|
Chicago Midway International Airport, Refunding ARB,
Series B, 5.00%, 01/01/46
|
|
2,240
|
2,253,040
|
|
Chicago O’Hare International Airport, ARB, Series D,
AMT, Senior Lien, 5.00%, 01/01/47
|
|
2,480
|
2,487,282
|
|
Chicago O’Hare International Airport, Refunding ARB,
Series A, AMT, Senior Lien, 4.38%, 01/01/53
|
|
1,390
|
1,344,082
|
|
City of Chicago Illinois Wastewater Transmission
Revenue, RB, Series A, 2nd Lien, (AGM), 5.25%,
01/01/58
|
|
885
|
945,331
|
|
City of Chicago Illinois Waterworks Revenue, RB,
Series A, 2nd Lien, (AGM), 5.25%, 11/01/53
|
|
1,445
|
1,548,328
|
|
Illinois Finance Authority, RB, Series A, 5.00%, 02/15/37
|
|
820
|
826,915
|
|
Illinois Finance Authority, Refunding RB
|
|
|
|
|
4.00%, 02/15/27(e)
|
|
60
|
61,542
|
|
4.00%, 02/15/41
|
|
1,885
|
1,821,754
|
|
Series A, 4.00%, 07/15/47
|
|
1,485
|
1,406,283
|
|
Illinois State Toll Highway Authority, RB
|
|
|
|
|
Series A, 5.00%, 01/01/40
|
|
5,625
|
5,655,316
|
|
Series B, 5.00%, 01/01/40
|
|
2,250
|
2,273,163
|
|
Metropolitan Pier & Exposition Authority, RB, 5.00%,
06/15/57
|
|
2,370
|
2,413,983
|
|
Metropolitan Pier & Exposition Authority, Refunding
RB(d)
|
|
|
|
|
Series B, (AGM), 0.00%, 06/15/44
|
|
3,765
|
1,611,876
|
|
Series B, (AGM), 0.00%, 06/15/47
|
|
22,775
|
8,340,898
|
|
State of Illinois, GO
|
|
|
|
|
5.25%, 02/01/31
|
|
1,485
|
1,489,169
|
|
5.25%, 02/01/32
|
|
2,365
|
2,371,639
|
|
5.50%, 05/01/39
|
|
795
|
858,717
|
|
Series B, 5.25%, 05/01/41
|
|
1,770
|
1,913,322
|
|
Series B, 5.25%, 05/01/49
|
|
1,875
|
2,000,498
|
|
Series D, 5.00%, 11/01/28
|
|
900
|
941,512
|
|
|
|
|
55,256,066
|
|
Indiana — 1.0%
|
|
||
|
City of Valparaiso Indiana, Refunding RB, AMT, 4.50%,
01/01/34(b)
|
|
425
|
436,673
|
|
Indiana Housing & Community Development Authority,
RB, S/F Housing, Series A-1, Sustainability Bonds,
(FHLMC, FNMA, GNMA), 4.65%, 07/01/49
|
|
2,475
|
2,462,540
|
|
Indianapolis Local Public Improvement Bond Bank, RB,
Series F1, Subordinate, (BAM), 5.00%, 03/01/53
|
|
3,950
|
4,176,949
|
|
|
|
|
7,076,162
|
|
Kentucky — 1.0%
|
|
||
|
Fayette County School District Finance Corp., RB
|
|
|
|
|
5.00%, 06/01/44
|
|
860
|
921,447
|
|
(BAM), 5.00%, 06/01/46
|
|
760
|
809,020
|
|
(BAM), 5.00%, 06/01/47
|
|
1,155
|
1,225,443
|
|
Kentucky Economic Development Finance Authority,
Refunding RB, Series A, 5.00%, 08/01/44
|
|
735
|
753,251
|
|
Kentucky Public Transportation Infrastructure Authority,
RB, CAB(c)
|
|
|
|
|
Convertible, 6.45%, 07/01/34
|
|
500
|
583,810
|
|
Convertible, 6.60%, 07/01/39
|
|
830
|
970,209
|
|
Convertible, 6.75%, 07/01/43
|
|
1,770
|
2,068,161
|
|
|
|
|
7,331,341
|
|
Louisiana — 2.3%
|
|
||
|
Lake Charles Harbor & Terminal District, ARB, Series B,
AMT, (AGM), 5.50%, 01/01/29
|
|
1,500
|
1,501,616
|
|
Security
|
|
Par
(000)
|
Value
|
|
Louisiana (continued)
|
|
||
|
Louisiana Public Facilities Authority, RB
|
|
|
|
|
5.25%, 10/01/48
|
$
|
1,330
|
$ 1,387,874
|
|
5.25%, 10/01/53
|
|
2,810
|
2,908,187
|
|
AMT, 5.75%, 09/01/64
|
|
3,235
|
3,489,300
|
|
Louisiana Public Facilities Authority, Refunding RB,
5.00%, 05/15/47
|
|
1,635
|
1,642,540
|
|
Louisiana Stadium & Exposition District, Refunding RB,
Series A, 5.00%, 07/01/48
|
|
2,990
|
3,152,381
|
|
New Orleans Aviation Board, ARB, Series B, AMT,
5.00%, 01/01/45
|
|
2,200
|
2,199,700
|
|
|
|
|
16,281,598
|
|
Maryland — 0.6%
|
|
||
|
Anne Arundel County Consolidated Special Taxing
District, ST
|
|
|
|
|
5.13%, 07/01/36
|
|
170
|
170,104
|
|
5.25%, 07/01/44
|
|
170
|
170,057
|
|
Maryland Health & Higher Educational Facilities
Authority, RB
|
|
|
|
|
Series B, 4.00%, 04/15/50
|
|
1,645
|
1,510,515
|
|
Series C, 5.00%, 05/15/45
|
|
2,125
|
2,164,756
|
|
|
|
|
4,015,432
|
|
Massachusetts — 2.6%
|
|
||
|
Commonwealth of Massachusetts, GO
|
|
|
|
|
Series C, 5.00%, 10/01/47
|
|
1,195
|
1,280,763
|
|
Series C, 5.00%, 10/01/52
|
|
1,240
|
1,318,415
|
|
Massachusetts Development Finance Agency, RB
|
|
|
|
|
5.00%, 10/01/48
|
|
830
|
830,354
|
|
Series A, 5.25%, 01/01/42
|
|
1,110
|
1,117,862
|
|
Series A, 5.00%, 01/01/47
|
|
5,005
|
5,026,290
|
|
Massachusetts Development Finance Agency,
Refunding RB
|
|
|
|
|
4.00%, 07/01/39
|
|
1,140
|
1,031,999
|
|
5.00%, 04/15/40
|
|
400
|
391,731
|
|
Series A, 5.00%, 10/01/35
|
|
500
|
503,048
|
|
Series P, 5.45%, 05/15/59
|
|
2,010
|
2,201,860
|
|
Massachusetts Educational Financing Authority,
Refunding RB, Series B, AMT, 3.63%, 07/01/34
|
|
30
|
29,377
|
|
Massachusetts Port Authority, ARB, Series E, AMT,
5.00%, 07/01/46
|
|
3,100
|
3,220,145
|
|
Massachusetts Port Authority, Refunding ARB, Series A,
AMT, 5.00%, 07/01/47
|
|
1,500
|
1,507,331
|
|
|
|
|
18,459,175
|
|
Michigan — 4.5%
|
|
||
|
City of Detroit Michigan Water Supply System Revenue,
RB, Series B, 2nd Lien, (AGM), 6.25%, 07/01/36
|
|
5
|
5,010
|
|
City of Lansing Michigan, Refunding GO, Series B,
(AGM), 4.13%, 06/01/48
|
|
1,360
|
1,302,484
|
|
Eastern Michigan University, RB, Series A, 4.00%,
03/01/28(e)
|
|
45
|
46,656
|
|
Great Lakes Water Authority Sewage Disposal System
Revenue, RB
|
|
|
|
|
Series B, 2nd Lien, 5.25%, 07/01/47
|
|
1,490
|
1,601,048
|
|
Series B, 2nd Lien, 5.50%, 07/01/52
|
|
3,525
|
3,826,007
|
|
Series A, Senior Lien, 5.25%, 07/01/52
|
|
3,525
|
3,762,172
|
|
Great Lakes Water Authority Water Supply System
Revenue, RB
|
|
|
|
|
Series A, Senior Lien, 5.25%, 07/01/52
|
|
3,525
|
3,762,172
|
|
Series B, Senior Lien, 5.50%, 07/01/52
|
|
3,525
|
3,826,029
|
|
Michigan Finance Authority, RB
|
|
|
|
|
4.00%, 02/15/47
|
|
4,815
|
4,399,989
|
|
4.00%, 02/15/50
|
|
3,140
|
2,840,714
|
|
Security
|
|
Par
(000)
|
Value
|
|
Michigan (continued)
|
|
||
|
Michigan Finance Authority, RB (continued)
|
|
|
|
|
Sustainability Bonds, 5.50%, 02/28/57
|
$
|
355
|
$ 387,924
|
|
Michigan State Building Authority, Refunding RB,
Series I, 4.00%, 10/15/52
|
|
710
|
667,232
|
|
Michigan State Housing Development Authority, RB, S/F
Housing, Series D, Sustainability Bonds, 4.45%,
12/01/49
|
|
1,085
|
1,063,325
|
|
Michigan Strategic Fund, RB, AMT, 5.00%, 12/31/43
|
|
1,795
|
1,823,158
|
|
State of Michigan Trunk Line Revenue, RB, 5.00%,
11/15/46
|
|
1,980
|
2,147,861
|
|
|
|
|
31,461,781
|
|
Minnesota — 1.0%
|
|
||
|
City of Spring Lake Park Minnesota, RB, 5.00%,
06/15/39
|
|
1,080
|
1,062,480
|
|
Duluth Economic Development Authority, Refunding RB
|
|
|
|
|
Series A, 4.25%, 02/15/48
|
|
3,800
|
3,673,722
|
|
Series A, 5.25%, 02/15/53
|
|
415
|
423,723
|
|
Series A, 5.25%, 02/15/58
|
|
1,605
|
1,637,605
|
|
|
|
|
6,797,530
|
|
Mississippi — 0.9%
|
|
||
|
Mississippi Development Bank, RB, (AGM), 6.88%,
12/01/40
|
|
3,595
|
3,603,671
|
|
Mississippi Home Corp., RB, S/F Housing, Series C,
(FHLMC, FNMA, GNMA), 4.80%, 12/01/49
|
|
2,970
|
2,990,456
|
|
|
|
|
6,594,127
|
|
Missouri — 1.0%
|
|
||
|
Health & Educational Facilities Authority of the State of
Missouri, Refunding RB, Series A, 4.00%, 02/15/49
|
|
1,910
|
1,783,260
|
|
Kansas City Industrial Development Authority, ARB,
Class B, AMT, 5.00%, 03/01/54
|
|
3,530
|
3,598,192
|
|
Missouri Housing Development Commission, RB, S/F
Housing, Series C, (FHLMC, FNMA, GNMA), 4.55%,
11/01/44
|
|
1,335
|
1,344,489
|
|
|
|
|
6,725,941
|
|
Montana — 0.0%
|
|
||
|
Montana Board of Housing, RB, S/F Housing
|
|
|
|
|
Series B-2, 3.50%, 12/01/42
|
|
60
|
59,758
|
|
Series B-2, 3.60%, 12/01/47
|
|
100
|
86,017
|
|
|
|
|
145,775
|
|
Nebraska — 0.1%
|
|
||
|
Douglas County Hospital Authority No. 3, Refunding RB,
5.00%, 11/01/45
|
|
400
|
402,477
|
|
Nevada — 0.5%
|
|
||
|
Las Vegas Valley Water District, GOL, Series A, 4.00%,
06/01/51
|
|
2,690
|
2,584,535
|
|
State of Nevada Department of Business & Industry, RB,
Series A4, AMT, 8.13%, 01/01/50(a)
|
|
100
|
103,016
|
|
Tahoe-Douglas Visitors Authority, RB
|
|
|
|
|
5.00%, 07/01/40
|
|
595
|
613,716
|
|
5.00%, 07/01/45
|
|
420
|
427,187
|
|
|
|
|
3,728,454
|
|
New Hampshire — 0.1%
|
|
||
|
New Hampshire Business Finance Authority, RB, M/F
Housing, Series 2, Sustainability Bonds, 4.25%,
07/20/41
|
|
969
|
947,832
|
|
Security
|
|
Par
(000)
|
Value
|
|
New Jersey — 7.4%
|
|
||
|
Casino Reinvestment Development Authority, Inc.,
Refunding RB
|
|
|
|
|
5.25%, 11/01/39
|
$
|
1,265
|
$ 1,265,000
|
|
5.25%, 11/01/44
|
|
1,885
|
1,885,000
|
|
New Jersey Economic Development Authority, ARB,
Series B, AMT, 5.63%, 11/15/30
|
|
660
|
662,116
|
|
New Jersey Economic Development Authority, RB
|
|
|
|
|
5.00%, 12/15/28(e)
|
|
60
|
64,940
|
|
5.00%, 06/15/34
|
|
365
|
390,703
|
|
5.00%, 06/15/36
|
|
460
|
489,777
|
|
5.00%, 06/15/43
|
|
100
|
103,575
|
|
Class A, 5.25%, 11/01/47
|
|
4,795
|
5,183,100
|
|
Series B, 4.50%, 06/15/40
|
|
1,270
|
1,290,559
|
|
Series EEE, 5.00%, 06/15/48
|
|
4,275
|
4,404,830
|
|
AMT, (AGM), 5.00%, 01/01/31
|
|
790
|
790,778
|
|
AMT, (AGM), 5.13%, 07/01/42
|
|
200
|
200,288
|
|
AMT, 5.38%, 01/01/43
|
|
3,000
|
3,005,855
|
|
New Jersey Economic Development Authority,
Refunding SAB
|
|
|
|
|
6.50%, 04/01/28
|
|
3,038
|
3,124,971
|
|
5.75%, 04/01/31
|
|
2,675
|
2,755,774
|
|
New Jersey Health Care Facilities Financing Authority,
Refunding RB, Series A, 5.00%, 07/01/43
|
|
2,965
|
3,002,920
|
|
New Jersey Higher Education Student Assistance
Authority, Refunding RB
|
|
|
|
|
Series B, AMT, 4.00%, 12/01/41
|
|
3,000
|
2,928,445
|
|
Series C, AMT, Subordinate, 5.00%, 12/01/52
|
|
3,425
|
3,470,452
|
|
New Jersey Housing & Mortgage Finance Agency, RB,
S/F Housing, Series K, Sustainability Bonds, 4.55%,
10/01/44
|
|
810
|
815,372
|
|
New Jersey Transportation Trust Fund Authority, RB
|
|
|
|
|
5.00%, 12/15/32(e)
|
|
4,075
|
4,625,812
|
|
Series AA, 5.00%, 06/15/45
|
|
900
|
907,291
|
|
Series AA, 5.00%, 06/15/46
|
|
400
|
402,610
|
|
Series S, 4.13%, 06/15/39
|
|
1,040
|
1,040,059
|
|
Series S, 5.25%, 06/15/43
|
|
2,810
|
2,946,899
|
|
Series S, 5.00%, 06/15/46
|
|
2,070
|
2,135,871
|
|
New Jersey Transportation Trust Fund Authority, RB,
CAB, Series A, 0.00%, 12/15/35(d)
|
|
1,000
|
654,133
|
|
New Jersey Transportation Trust Fund Authority,
Refunding RB
|
|
|
|
|
Series A, 5.00%, 06/15/37
|
|
1,440
|
1,583,041
|
|
Series A, 5.25%, 06/15/42
|
|
575
|
633,046
|
|
Tobacco Settlement Financing Corp., Refunding RB,
Series A, 5.00%, 06/01/46
|
|
650
|
660,937
|
|
|
|
|
51,424,154
|
|
New Mexico — 0.0%
|
|
||
|
City of Santa Fe New Mexico, RB, Series A, 5.00%,
05/15/44
|
|
200
|
197,910
|
|
New York — 15.3%
|
|
||
|
City of New York, GO
|
|
|
|
|
Series A, 5.00%, 08/01/46
|
|
2,265
|
2,434,478
|
|
Series A, 5.00%, 08/01/48
|
|
4,750
|
5,079,235
|
|
Series A-1, 4.00%, 09/01/46
|
|
2,175
|
2,120,163
|
|
Empire State Development Corp., RB
|
|
|
|
|
Series A, 4.00%, 03/15/49
|
|
1,600
|
1,539,158
|
|
Series A, 5.00%, 03/15/54
|
|
5,950
|
6,356,532
|
|
Erie Tobacco Asset Securitization Corp., Refunding RB,
Series A, 5.00%, 06/01/45
|
|
3,585
|
3,271,972
|
|
Security
|
|
Par
(000)
|
Value
|
|
New York (continued)
|
|
||
|
Metropolitan Transportation Authority Dedicated Tax
Fund, Refunding RB, Sub-Series B-1, Sustainability
Bonds, 5.00%, 11/15/51
|
$
|
2,550
|
$ 2,586,129
|
|
Metropolitan Transportation Authority, Refunding RB
|
|
|
|
|
Series C-1, 5.00%, 11/15/56
|
|
2,670
|
2,688,530
|
|
Series C-1, 5.25%, 11/15/56
|
|
10
|
10,128
|
|
Series A, Sustainability Bonds, (BAM), 4.00%,
11/15/48
|
|
2,770
|
2,622,923
|
|
Series C-1, Sustainability Bonds, 4.75%, 11/15/45
|
|
1,950
|
1,998,922
|
|
Series C-1, Sustainability Bonds, 5.00%, 11/15/50
|
|
370
|
383,112
|
|
Series C-1, Sustainability Bonds, 5.25%, 11/15/55
|
|
1,040
|
1,085,891
|
|
New York City Housing Development Corp., RB, M/F
Housing
|
|
|
|
|
Series A, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.70%, 08/01/54
|
|
2,565
|
2,567,463
|
|
Series E-1, Sustainability Bonds, 4.85%, 11/01/53
|
|
2,165
|
2,190,522
|
|
New York City Housing Development Corp., Refunding
RB, Series A, Sustainability Bonds, 4.15%, 11/01/38
|
|
2,425
|
2,396,423
|
|
New York City Municipal Water Finance Authority, RB
|
|
|
|
|
Sub-Series CC-1, 5.25%, 06/15/54
|
|
700
|
763,654
|
|
Series AA, Class 1, Subordinate, 5.00%, 06/15/51
|
|
5,955
|
6,409,356
|
|
New York City Transitional Finance Authority Future Tax
Secured Revenue, RB, Series F-1, Subordinate,
4.00%, 02/01/51
|
|
5,500
|
5,341,397
|
|
New York Counties Tobacco Trust IV, Refunding RB
|
|
|
|
|
Series A, 5.00%, 06/01/38
|
|
1,360
|
1,312,760
|
|
Series A, 6.25%, 06/01/41(b)
|
|
2,900
|
2,900,886
|
|
New York Counties Tobacco Trust VI, Refunding RB
|
|
|
|
|
Series A-2B, 5.00%, 06/01/45
|
|
255
|
249,080
|
|
Series A-2B, 5.00%, 06/01/51
|
|
245
|
228,634
|
|
New York Liberty Development Corp., Refunding RB
|
|
|
|
|
Class 1, 5.00%, 11/15/44(b)
|
|
3,920
|
3,901,277
|
|
Class 2, 5.38%, 11/15/40(b)
|
|
1,450
|
1,450,205
|
|
Series A, Sustainability Bonds, (BAM-TCRS), 3.00%,
11/15/51
|
|
4,565
|
3,346,589
|
|
Series A, Sustainability Bonds, 3.00%, 11/15/51
|
|
1,685
|
1,239,794
|
|
New York Power Authority, RB, Series A, Sustainability
Bonds, (AGM), 5.13%, 11/15/58
|
|
1,305
|
1,405,616
|
|
New York Power Authority, Refunding RB, Series A,
Sustainability Bonds, 4.00%, 11/15/55
|
|
1,160
|
1,119,287
|
|
New York State Dormitory Authority, Refunding RB,
Series A, 4.00%, 03/15/54
|
|
1,895
|
1,830,799
|
|
New York State Urban Development Corp., RB,
Series A, 4.00%, 03/15/45
|
|
3,000
|
2,940,980
|
|
New York State Urban Development Corp., Refunding
RB, 4.00%, 03/15/49
|
|
1,850
|
1,750,505
|
|
New York Transportation Development Corp., ARB,
AMT, 5.63%, 04/01/40
|
|
1,265
|
1,356,033
|
|
New York Transportation Development Corp., RB
|
|
|
|
|
AMT, 5.00%, 10/01/35
|
|
1,910
|
1,986,380
|
|
AMT, Sustainability Bonds, 6.00%, 06/30/54
|
|
1,935
|
2,082,766
|
|
AMT, Sustainability Bonds, (AGM), 5.25%, 06/30/60
|
|
3,880
|
4,040,054
|
|
AMT, Sustainability Bonds, 5.50%, 06/30/60
|
|
5,045
|
5,311,826
|
|
New York Transportation Development Corp., Refunding
RB, Series A, AMT, Sustainability Bonds, 12/31/54(i)
|
|
3,275
|
3,488,050
|
|
Port Authority of New York & New Jersey, Refunding
ARB
|
|
|
|
|
Series 198, 5.25%, 11/15/56
|
|
715
|
736,135
|
|
AMT, 5.00%, 01/15/47
|
|
4,860
|
5,111,337
|
|
Security
|
|
Par
(000)
|
Value
|
|
New York (continued)
|
|
||
|
Triborough Bridge & Tunnel Authority Sales Tax
Revenue, RB, Series A, 4.13%, 05/15/53
|
$
|
6,415
|
$ 6,300,258
|
|
TSASC, Inc., Refunding RB, Series A, 5.00%, 06/01/41
|
|
535
|
540,844
|
|
Westchester Tobacco Asset Securitization Corp.,
Refunding RB, Sub-Series C, 4.00%, 06/01/42
|
|
290
|
270,750
|
|
|
|
|
106,746,833
|
|
North Carolina — 1.2%
|
|
||
|
City of Charlotte North Carolina Airport Revenue,
Refunding ARB, Series B, AMT, 4.50%, 07/01/47
|
|
4,455
|
4,464,864
|
|
North Carolina Housing Finance Agency, RB, S/F
Housing, Series 54-A, (FHLMC, FNMA, GNMA),
4.70%, 07/01/50
|
|
1,445
|
1,449,757
|
|
North Carolina Turnpike Authority, RB, Senior Lien,
(AGM), 5.00%, 01/01/49
|
|
1,825
|
1,894,577
|
|
University of North Carolina at Chapel Hill, RB, 5.00%,
02/01/49
|
|
460
|
511,395
|
|
|
|
|
8,320,593
|
|
North Dakota — 0.4%
|
|
||
|
North Dakota Housing Finance Agency, RB, S/F
Housing, Series C, Sustainability Bonds, 4.75%,
07/01/49
|
|
2,585
|
2,556,947
|
|
Ohio — 1.5%
|
|
||
|
Buckeye Tobacco Settlement Financing Authority,
Refunding RB
|
|
|
|
|
Series A-2, Class 1, 4.00%, 06/01/48
|
|
610
|
550,493
|
|
Series B-2, Class 2, 5.00%, 06/01/55
|
|
3,680
|
3,318,720
|
|
County of Franklin Ohio, RB
|
|
|
|
|
Series A, 4.00%, 12/01/44
|
|
365
|
348,187
|
|
Series A, 5.00%, 12/01/47
|
|
290
|
295,827
|
|
County of Hamilton Ohio, RB, Series CC, 5.00%,
11/15/49
|
|
550
|
613,754
|
|
Ohio Housing Finance Agency, RB, S/F Housing,
Series B, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.65%, 09/01/49
|
|
3,205
|
3,210,935
|
|
State of Ohio, Refunding RB, Series A, 4.00%, 01/15/50
|
|
2,250
|
2,027,974
|
|
|
|
|
10,365,890
|
|
Oklahoma — 0.9%
|
|
||
|
Creek County Educational Facilities Authority, RB,
(BAM), 4.13%, 09/01/48
|
|
890
|
887,524
|
|
Oklahoma Development Finance Authority, RB,
Series B, 5.50%, 08/15/52
|
|
1,080
|
1,105,589
|
|
Oklahoma Turnpike Authority, RB, Series A, 4.00%,
01/01/48
|
|
640
|
611,909
|
|
Oklahoma Water Resources Board, RB, 4.00%,
04/01/48
|
|
950
|
930,963
|
|
University of Oklahoma, RB, Series A, (BAM), 5.00%,
07/01/54
|
|
2,660
|
2,834,613
|
|
|
|
|
6,370,598
|
|
Oregon — 0.0%
|
|
||
|
Clackamas County School District No. 12 North
Clackamas, GO, CAB, Series A, (GTD), 0.00%,
06/15/38(d)
|
|
510
|
276,802
|
|
Pennsylvania — 6.1%
|
|
||
|
Allegheny County Airport Authority, ARB, Series A, AMT,
(AGM-CR), 4.00%, 01/01/56
|
|
1,670
|
1,514,409
|
|
Allegheny County Hospital Development Authority,
Refunding RB, Series A, 5.00%, 04/01/47
|
|
2,130
|
2,151,914
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pennsylvania (continued)
|
|
||
|
Lancaster Industrial Development Authority, RB, 5.00%,
12/01/44
|
$
|
780
|
$ 790,460
|
|
Montgomery County Higher Education and Health
Authority, Refunding RB, 4.00%, 09/01/51
|
|
1,430
|
1,318,360
|
|
Montgomery County Industrial Development Authority,
RB, Series C, 5.00%, 11/15/45
|
|
605
|
618,815
|
|
Pennsylvania Economic Development Financing
Authority, RB
|
|
|
|
|
5.00%, 06/30/42
|
|
390
|
393,799
|
|
AMT, 5.50%, 06/30/40
|
|
2,000
|
2,138,275
|
|
AMT, 5.75%, 06/30/48
|
|
3,150
|
3,369,239
|
|
Pennsylvania Economic Development Financing
Authority, Refunding RB, AMT, 5.50%, 11/01/44
|
|
1,905
|
1,905,668
|
|
Pennsylvania Higher Educational Facilities Authority,
Refunding RB
|
|
|
|
|
Series A, 5.25%, 09/01/50
|
|
3,765
|
3,768,238
|
|
Series B2, 11/01/54(i)
|
|
2,280
|
2,483,923
|
|
Pennsylvania Housing Finance Agency, RB, S/F
Housing, Series 145A, Sustainability Bonds, 4.75%,
10/01/49
|
|
5,595
|
5,647,053
|
|
Pennsylvania Housing Finance Agency, Refunding RB,
S/F Housing, Series 142-A, Sustainability Bonds,
5.00%, 10/01/50
|
|
1,130
|
1,160,523
|
|
Pennsylvania Turnpike Commission Oil Franchise Tax
Revenue, Refunding RB
|
|
|
|
|
Series A, 4.00%, 12/01/51
|
|
9,445
|
8,918,610
|
|
Series B, 4.00%, 12/01/53
|
|
1,435
|
1,346,339
|
|
Pennsylvania Turnpike Commission, RB
|
|
|
|
|
Series A, 5.00%, 12/01/44
|
|
1,380
|
1,381,789
|
|
Series A, Subordinate, 4.00%, 12/01/50
|
|
1,075
|
1,009,766
|
|
Series A, Subordinate, (BAM-TCRS), 4.00%,
12/01/50
|
|
535
|
517,413
|
|
Series B, Subordinate, 4.00%, 12/01/51
|
|
610
|
574,440
|
|
Pennsylvania Turnpike Commission, Refunding RB,
Series C, 4.00%, 12/01/51
|
|
1,555
|
1,473,825
|
|
|
|
|
42,482,858
|
|
Puerto Rico — 5.3%
|
|
||
|
Commonwealth of Puerto Rico, GO
|
|
|
|
|
Series A-1, Restructured, 5.63%, 07/01/29
|
|
3,910
|
4,206,288
|
|
Series A-1, Restructured, 5.75%, 07/01/31
|
|
3,524
|
3,874,494
|
|
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB
|
|
|
|
|
Series A-1, Restructured, 4.75%, 07/01/53
|
|
9,243
|
9,119,476
|
|
Series A-1, Restructured, 5.00%, 07/01/58
|
|
11,438
|
11,451,780
|
|
Series A-2, Restructured, 4.78%, 07/01/58
|
|
2,097
|
2,074,346
|
|
Series B-2, Restructured, 4.78%, 07/01/58
|
|
412
|
405,544
|
|
Puerto Rico Sales Tax Financing Corp. Sales Tax
Revenue, RB, CAB, Series A-1, Restructured, 0.00%,
07/01/46(d)
|
|
18,719
|
6,001,736
|
|
|
|
|
37,133,664
|
|
Rhode Island — 0.7%
|
|
||
|
Rhode Island Housing & Mortgage Finance Corp., RB,
S/F Housing
|
|
|
|
|
Sustainability Bonds, (GNMA), 4.60%, 10/01/44
|
|
2,970
|
3,013,472
|
|
Series A, Sustainability Bonds, (GNMA), 4.45%,
10/01/44
|
|
1,550
|
1,553,037
|
|
|
|
|
4,566,509
|
|
South Carolina — 2.2%
|
|
||
|
County of Berkeley South Carolina, SAB
|
|
|
|
|
4.25%, 11/01/40
|
|
315
|
294,759
|
|
4.38%, 11/01/49
|
|
470
|
421,149
|
|
Security
|
|
Par
(000)
|
Value
|
|
South Carolina (continued)
|
|
||
|
Patriots Energy Group Financing Agency, RB, Series A1,
5.25%, 10/01/54(a)
|
$
|
1,575
|
$ 1,701,685
|
|
South Carolina Jobs-Economic Development Authority,
RB
|
|
|
|
|
5.00%, 01/01/55(b)
|
|
845
|
730,197
|
|
Series A, 5.50%, 11/01/50
|
|
2,755
|
3,046,458
|
|
Series A, 5.50%, 11/01/54
|
|
980
|
1,077,229
|
|
South Carolina Jobs-Economic Development Authority,
Refunding RB
|
|
|
|
|
4.00%, 12/01/44
|
|
2,015
|
1,948,671
|
|
Series A, 5.00%, 05/01/43
|
|
1,680
|
1,717,657
|
|
Series A, 4.25%, 05/01/48
|
|
1,385
|
1,362,515
|
|
South Carolina Ports Authority, ARB, Series B, AMT,
4.00%, 07/01/49
|
|
1,745
|
1,599,901
|
|
South Carolina Public Service Authority, RB, Series A,
5.50%, 12/01/54
|
|
965
|
1,060,631
|
|
South Carolina Public Service Authority, Refunding RB,
Series A, 5.00%, 12/01/36
|
|
175
|
177,903
|
|
South Carolina State Housing Finance & Development
Authority, Refunding RB, S/F Housing, Series A,
4.95%, 07/01/53
|
|
205
|
212,148
|
|
|
|
|
15,350,903
|
|
South Dakota — 0.9%
|
|
||
|
City of Rapid City South Dakota Sales Tax Revenue,
RB, 4.00%, 12/01/26(e)
|
|
740
|
757,313
|
|
South Dakota Health & Educational Facilities Authority,
Refunding RB, 5.00%, 07/01/46
|
|
5,205
|
5,254,264
|
|
|
|
|
6,011,577
|
|
Tennessee — 2.8%
|
|
||
|
Knox County Health Educational & Housing Facility
Board, RB, Series A-1, (BAM), 5.50%, 07/01/59
|
|
430
|
461,100
|
|
Memphis-Shelby County Airport Authority, ARB
|
|
|
|
|
Series A, AMT, 5.00%, 07/01/45
|
|
3,515
|
3,625,122
|
|
Series A, AMT, 5.00%, 07/01/49
|
|
11,275
|
11,610,365
|
|
Metropolitan Government Nashville & Davidson County
Health & Educational Facilities Board, RB, 5.25%,
05/01/48
|
|
555
|
594,864
|
|
Metropolitan Government Nashville & Davidson County
Health & Educational Facilities Board, Refunding RB
|
|
|
|
|
4.00%, 10/01/49
|
|
230
|
189,677
|
|
5.25%, 10/01/58
|
|
2,930
|
2,949,980
|
|
Tennessee Housing Development Agency, RB, S/F
Housing
|
|
|
|
|
Series 2-A, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.45%, 07/01/44
|
|
165
|
166,229
|
|
Series 2-A, Sustainability Bonds, (FHLMC, FNMA,
GNMA), 4.60%, 07/01/49
|
|
200
|
201,062
|
|
|
|
|
19,798,399
|
|
Texas — 10.2%
|
|
||
|
Arlington Higher Education Finance Corp., RB(b)
|
|
|
|
|
7.50%, 04/01/62
|
|
1,165
|
1,187,069
|
|
7.88%, 11/01/62
|
|
1,005
|
1,051,563
|
|
City of Austin Texas Airport System Revenue, ARB
|
|
|
|
|
AMT, 5.25%, 11/15/47
|
|
2,500
|
2,660,773
|
|
Series B, AMT, 5.00%, 11/15/44
|
|
1,290
|
1,331,571
|
|
City of Galveston Texas Wharves & Terminal Revenue,
ARB
|
|
|
|
|
Series A, AMT, 1st Lien, 5.50%, 08/01/43
|
|
100
|
108,832
|
|
Series A, AMT, 1st Lien, 5.50%, 08/01/44
|
|
100
|
108,547
|
|
City of Garland Texas Electric Utility System Revenue,
Refunding RB, (AGM), 4.25%, 03/01/48
|
|
275
|
276,037
|
|
Security
|
|
Par
(000)
|
Value
|
|
Texas (continued)
|
|
||
|
City of Houston Texas Airport System Revenue,
Refunding RB
|
|
|
|
|
Sub-Series A, AMT, 4.00%, 07/01/40
|
$
|
1,525
|
$ 1,473,208
|
|
Sub-Series A, AMT, 4.00%, 07/01/46
|
|
1,390
|
1,284,421
|
|
Sub-Series A, AMT, 4.00%, 07/01/48
|
|
3,420
|
3,142,527
|
|
County of Harris Texas Toll Road Revenue, Refunding
RB, Series A, 1st Lien, 4.00%, 08/15/49
|
|
7,370
|
7,151,856
|
|
Dallas Fort Worth International Airport, Refunding RB,
Series B, 4.00%, 11/01/45
|
|
5,000
|
4,850,445
|
|
Fort Bend Independent School District, Refunding GO,
Series A, (PSF-GTD), 4.00%, 08/15/49
|
|
990
|
942,879
|
|
Gunter Independent School District, GO, (PSF-GTD),
4.00%, 02/15/53
|
|
470
|
439,237
|
|
Harris County Cultural Education Facilities Finance
Corp., Refunding RB, 4.00%, 10/01/47
|
|
655
|
621,764
|
|
Harris County Flood Control District, Refunding GOL,
Series A, Sustainability Bonds, 4.00%, 09/15/48
|
|
1,340
|
1,273,329
|
|
Harris County-Houston Sports Authority, Refunding RB,
Series G, Senior Lien, (NPFGC), 0.00%, 11/15/41(d)
|
|
10,690
|
4,103,291
|
|
Hutto Independent School District, GO, (PSF-GTD),
5.00%, 08/01/48
|
|
155
|
166,192
|
|
Midland County Fresh Water Supply District No. 1, RB,
CAB, Series A, 0.00%, 09/15/27(d)(e)
|
|
14,680
|
7,527,240
|
|
New Braunfels Independent School District, GO, (PSF-
GTD), 4.00%, 02/01/52
|
|
970
|
915,643
|
|
New Caney Independent School District, GO, (PSF-
GTD), 4.00%, 02/15/49
|
|
2,470
|
2,386,286
|
|
New Hope Cultural Education Facilities Finance Corp.,
RB, Series A, 5.00%, 08/15/50(b)
|
|
455
|
432,696
|
|
North Texas Tollway Authority, RB, Series B, 0.00%,
09/01/31(d)(e)
|
|
2,415
|
1,209,583
|
|
North Texas Tollway Authority, Refunding RB
|
|
|
|
|
4.25%, 01/01/49
|
|
2,335
|
2,325,635
|
|
Series B, Refunding RB, 5.00%, 01/01/48
|
|
1,605
|
1,630,666
|
|
Port Authority of Houston of Harris County Texas, ARB
|
|
|
|
|
5.00%, 10/01/51
|
|
1,640
|
1,736,496
|
|
1st Lien, 5.00%, 10/01/53
|
|
1,375
|
1,470,679
|
|
Spring Branch Independent School District, GO, (PSF-
GTD), 4.00%, 02/01/48
|
|
1,275
|
1,236,752
|
|
Tarrant County Cultural Education Facilities Finance
Corp., RB
|
|
|
|
|
Series A, 4.00%, 07/01/53
|
|
6,695
|
6,198,527
|
|
Series B, 5.00%, 07/01/48
|
|
2,000
|
2,058,353
|
|
Tarrant County Cultural Education Facilities Finance
Corp., Refunding RB, 5.00%, 10/01/49
|
|
285
|
293,895
|
|
Texas City Industrial Development Corp., RB,
Series 2012, 4.13%, 12/01/45
|
|
255
|
241,969
|
|
Texas Transportation Commission State Highway
249 System, RB, CAB(d)
|
|
|
|
|
0.00%, 08/01/35
|
|
270
|
170,604
|
|
0.00%, 08/01/36
|
|
145
|
87,224
|
|
0.00%, 08/01/37
|
|
195
|
111,204
|
|
0.00%, 08/01/38
|
|
200
|
108,085
|
|
0.00%, 08/01/39
|
|
1,000
|
512,307
|
|
0.00%, 08/01/43
|
|
795
|
325,493
|
|
0.00%, 08/01/44
|
|
605
|
233,697
|
|
0.00%, 08/01/45
|
|
1,135
|
414,801
|
|
Security
|
|
Par
(000)
|
Value
|
|
Texas (continued)
|
|
||
|
Texas Water Development Board, RB, 4.80%, 10/15/52
|
$
|
5,965
|
$ 6,213,955
|
|
Waxahachie Independent School District, GO, (PSF-
GTD), 4.00%, 02/15/49
|
|
1,100
|
1,052,895
|
|
|
|
|
71,068,226
|
|
Utah — 1.2%
|
|
||
|
Black Desert Public Infrastructure District, SAB, 5.63%,
12/01/53(b)
|
|
375
|
382,097
|
|
City of Salt Lake City Utah Airport Revenue, ARB
|
|
|
|
|
Series A, AMT, 5.00%, 07/01/48
|
|
3,410
|
3,454,213
|
|
Series A, AMT, 5.00%, 07/01/51
|
|
1,340
|
1,373,436
|
|
Utah Charter School Finance Authority, RB, 5.00%,
06/15/39(b)
|
|
200
|
200,252
|
|
Utah Charter School Finance Authority, Refunding RB
|
|
|
|
|
5.00%, 06/15/40(b)
|
|
150
|
148,794
|
|
4.00%, 04/15/42
|
|
400
|
374,029
|
|
5.00%, 06/15/55(b)
|
|
385
|
361,836
|
|
Utah Housing Corp., RB, S/F Housing, Series E,
(FHLMC, FNMA, GNMA), 4.70%, 01/01/50
|
|
1,850
|
1,857,399
|
|
|
|
|
8,152,056
|
|
Vermont — 0.0%
|
|
||
|
Vermont Student Assistance Corp., RB, Series A, AMT,
4.13%, 06/15/30
|
|
275
|
275,059
|
|
Virginia — 0.7%
|
|
||
|
Ballston Quarter Community Development Authority, TA,
Series A-1, 5.50%, 03/01/46
|
|
185
|
163,878
|
|
Ballston Quarter Community Development Authority, TA,
CAB, Series A-2, 7.13%, 03/01/59(c)
|
|
444
|
326,338
|
|
Isle Wight County Industrial Development Authority, RB,
(AGM), 5.25%, 07/01/53
|
|
1,260
|
1,362,066
|
|
Virginia Housing Development Authority, RB, S/F
Housing, Series E-2, 4.40%, 10/01/44
|
|
365
|
363,730
|
|
Virginia Small Business Financing Authority, RB, AMT,
5.00%, 12/31/52
|
|
2,330
|
2,340,688
|
|
|
|
|
4,556,700
|
|
Washington — 1.4%
|
|
||
|
Port of Seattle Washington, ARB, Series A, AMT, 5.00%,
05/01/43
|
|
3,120
|
3,147,886
|
|
Port of Seattle Washington, Refunding ARB, Series C,
AMT, Intermediate Lien, 5.00%, 08/01/46
|
|
5,645
|
5,891,414
|
|
Washington State Housing Finance Commission,
Refunding RB, 5.00%, 01/01/43(b)
|
|
900
|
845,612
|
|
|
|
|
9,884,912
|
|
Wisconsin — 0.4%
|
|
||
|
Public Finance Authority, RB
|
|
|
|
|
Class A, 6.00%, 06/15/52
|
|
385
|
361,111
|
|
Class A, 6.13%, 06/15/57
|
|
435
|
411,616
|
|
Series A, 5.00%, 07/01/55(b)
|
|
300
|
273,144
|
|
Series A-1, 4.50%, 01/01/35(b)
|
|
215
|
211,750
|
|
Public Finance Authority, Refunding RB, 5.00%,
09/01/49(b)
|
|
305
|
286,292
|
|
Wisconsin Health & Educational Facilities Authority,
Refunding RB, 5.00%, 04/01/44
|
|
1,505
|
1,561,802
|
|
|
|
|
3,105,715
|
|
Total Municipal Bonds — 114.6%
(Cost: $778,337,715)
|
801,356,047
|
||
|
Security
|
|
Par
(000)
|
Value
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts(j)
|
|||
|
Alabama(a) — 5.8%
|
|
||
|
Black Belt Energy Gas District, RB
|
|
|
|
|
Series C, 5.50%, 10/01/54
|
$
|
10,407
|
$ 11,436,464
|
|
Series C-1, 5.25%, 02/01/53
|
|
14,173
|
15,017,560
|
|
Energy Southeast A Cooperative District, RB,
Series B-1, 5.75%, 04/01/54
|
|
12,450
|
13,891,539
|
|
|
|
|
40,345,563
|
|
Arizona — 1.8%
|
|
||
|
Salt River Project Agricultural Improvement & Power
District, RB, Series B, 5.00%, 01/01/48
|
|
11,390
|
12,276,528
|
|
Colorado — 1.5%
|
|
||
|
City & County of Denver Colorado Airport System
Revenue, Refunding ARB, Series A, AMT, 5.50%,
11/15/53
|
|
10,098
|
10,793,695
|
|
District of Columbia — 1.8%
|
|
||
|
District of Columbia Housing Finance Agency, RB, M/F
Housing, Series B-2, 4.10%, 09/01/39
|
|
1,300
|
1,282,594
|
|
Metropolitan Washington Airports Authority Aviation
Revenue, Refunding ARB, Series A, AMT, 5.00%,
10/01/49
|
|
11,194
|
11,445,896
|
|
|
|
|
12,728,490
|
|
Florida — 1.4%
|
|
||
|
City of Fort Lauderdale Florida Water & Sewer Revenue,
RB, Series B, 5.50%, 09/01/53
|
|
9,060
|
10,036,239
|
|
Georgia — 1.4%
|
|
||
|
Main Street Natural Gas, Inc., RB, Series C, 5.00%,
09/01/53(a)
|
|
9,240
|
9,802,378
|
|
Massachusetts — 1.2%
|
|
||
|
Commonwealth of Massachusetts, GOL, Series D,
5.00%, 10/01/52
|
|
7,706
|
8,244,804
|
|
Michigan — 0.3%
|
|
||
|
Michigan State Housing Development Authority, RB, M/F
Housing, Series A, 4.05%, 10/01/48
|
|
2,339
|
2,210,881
|
|
Missouri — 0.9%
|
|
||
|
Missouri Housing Development Commission, RB, S/F
Housing, Series E, (FHLMC, FNMA, GNMA), 4.60%,
11/01/49
|
|
6,360
|
6,346,499
|
|
Nebraska — 0.8%
|
|
||
|
Nebraska Investment Finance Authority, RB, S/F
Housing, Series E, Sustainability Bonds, (FHLMC,
FNMA, GNMA), 4.80%, 09/01/54
|
|
5,922
|
5,925,723
|
|
New York — 3.3%
|
|
||
|
New York City Municipal Water Finance Authority, RB,
Series AA-1, 5.25%, 06/15/52
|
|
10,980
|
11,902,377
|
|
New York City Transitional Finance Authority, RB,
Series C, 5.25%, 05/01/48
|
|
10,076
|
10,989,215
|
|
|
|
|
22,891,592
|
|
Oklahoma — 1.3%
|
|
||
|
Oklahoma Turnpike Authority, RB, 5.50%, 01/01/53
|
|
8,126
|
8,900,842
|
|
Oregon — 0.9%
|
|
||
|
Port of Portland Oregon Airport Revenue, Refunding
ARB, Series 29, AMT, Sustainability Bonds, 5.50%,
07/01/48
|
|
5,620
|
6,060,974
|
|
Security
|
|
Par
(000)
|
Value
|
|
Pennsylvania — 1.3%
|
|
||
|
Pennsylvania Turnpike Commission, Refunding RB,
Series B, 5.25%, 12/01/52
|
$
|
8,295
|
$ 8,957,262
|
|
Rhode Island — 1.5%
|
|
||
|
Rhode Island Housing & Mortgage Finance Corp., RB,
S/F Housing, Series 82-A, Sustainability Bonds,
(GNMA), 4.60%, 10/01/49
|
|
10,234
|
10,237,152
|
|
South Carolina — 1.9%
|
|
||
|
Patriots Energy Group Financing Agency, Refunding RB,
Series B-1, 5.25%, 02/01/54(a)
|
|
12,597
|
13,577,031
|
|
Tennessee — 1.8%
|
|
||
|
Tennessee Energy Acquisition Corp., RB, Series A,
5.00%, 05/01/52(a)
|
|
11,655
|
12,372,289
|
|
Texas — 6.1%
|
|
||
|
City of Houston Texas Airport System Revenue,
Refunding ARB, Series A, AMT, Subordinate Lien,
(AGM), 5.25%, 07/01/48
|
|
13,869
|
14,709,842
|
|
City of San Antonio Texas Electric & Gas Systems
Revenue, Refunding RB, Series A, 5.50%, 02/01/50
|
|
4,400
|
4,864,052
|
|
Denton Independent School District, GO, (PSF-GTD),
5.00%, 08/15/48
|
|
9,840
|
10,554,345
|
|
Tarrant County Cultural Education Facilities Finance
Corp., RB, 5.00%, 11/15/51
|
|
4,041
|
4,278,301
|
|
Texas Water Development Board, RB, 4.80%, 10/15/52
|
|
7,785
|
8,109,914
|
|
|
|
|
42,516,454
|
|
Wisconsin — 0.4%
|
|
||
|
Wisconsin Housing & Economic Development Authority
Housing Revenue, RB, M/F Housing
|
|
|
|
|
Series A, 4.10%, 11/01/43
|
|
1,342
|
1,257,408
|
|
Series A, 4.45%, 05/01/57
|
|
1,678
|
1,571,760
|
|
|
|
|
2,829,168
|
|
Total Municipal Bonds Transferred to Tender Option Bond
Trusts — 35.4%
(Cost: $239,621,335)
|
247,053,564
|
||
|
Total Long-Term Investments — 150.0%
(Cost: $1,017,959,050)
|
1,048,409,611
|
||
|
|
|
Shares
|
|
|
Short-Term Securities
|
|||
|
Money Market Funds — 1.0%
|
|
||
|
BlackRock Liquidity Funds, MuniCash, Institutional
Shares, 3.19%(k)(l)
|
|
7,240,624
|
7,241,348
|
|
Total Short-Term Securities — 1.0%
(Cost: $7,241,348)
|
7,241,348
|
||
|
Total Investments — 151.0%
(Cost: $1,025,200,398)
|
1,055,650,959
|
||
|
Other Assets Less Liabilities — 0.6%
|
4,314,343
|
||
|
Liability for TOB Trust Certificates, Including Interest Expense and
Fees Payable — (21.0)%
|
(146,918,212
)
|
||
|
VMTP Shares at Liquidation Value, Net of Deferred Offering Costs —
(30.6)%
|
(214,000,000
)
|
||
|
Net Assets Applicable to Common Shares — 100.0%
|
$ 699,047,090
|
||
|
(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)
|
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.
|
|
(d)
|
Zero-coupon bond.
|
|
(e)
|
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.
|
|
(f)
|
Security is collateralized by municipal bonds or U.S. Treasury obligations.
|
|
(g)
|
Issuer filed for bankruptcy and/or is in default.
|
|
(h)
|
Non-income producing security.
|
|
(i)
|
When-issued security.
|
|
(j)
|
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.
|
|
(k)
|
Affiliate of the Fund.
|
|
(l)
|
Annualized 7-day yield as of period end.
|
|
Affiliated Issuer
|
Value at
07/31/24
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net
Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
10/31/24
|
Shares
Held at
10/31/24
|
Income
|
Capital Gain
Distributions
from
Underlying
Funds
|
|
BlackRock Liquidity Funds, MuniCash, Institutional Shares
|
$ 3,674,238
|
$ 3,567,110
(a)
|
$ —
|
$ —
|
$ —
|
$ 7,241,348
|
7,240,624
|
$ 75,258
|
$ —
|
|
(a)
|
Represents net amount purchased (sold).
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Municipal Bonds
|
$ —
|
$ 801,356,047
|
$ —
|
$ 801,356,047
|
|
Municipal Bonds Transferred to Tender Option Bond Trusts
|
—
|
247,053,564
|
—
|
247,053,564
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
7,241,348
|
—
|
—
|
7,241,348
|
|
|
$7,241,348
|
$1,048,409,611
|
$—
|
$1,055,650,959
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Liabilities
|
|
|
|
|
|
TOB Trust Certificates
|
$—
|
$(145,992,060
)
|
$—
|
$(145,992,060
)
|
|
VMTP Shares at Liquidation Value
|
—
|
(214,000,000
)
|
—
|
(214,000,000
)
|
|
|
$—
|
$(359,992,060
)
|
$—
|
$(359,992,060
)
|
|
Portfolio Abbreviation
|
|
|
AGC
|
Assured Guaranty Corp.
|
|
AGM
|
Assured Guaranty Municipal Corp.
|
|
AGM-CR
|
AGM Insured Custodial Receipt
|
|
AMT
|
Alternative Minimum Tax
|
|
ARB
|
Airport Revenue Bonds
|
|
BAM
|
Build America Mutual Assurance Co.
|
|
BAM-TCRS
|
Build America Mutual Assurance Co. - Transferable
Custodial Receipts
|
|
CAB
|
Capital Appreciation Bonds
|
|
COP
|
Certificates of Participation
|
|
CR
|
Custodian Receipt
|
|
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-GTD
|
Permanent School Fund Guaranteed
|
|
RB
|
Revenue Bond
|
|
S/F
|
Single-Family
|
|
SAB
|
Special Assessment Bonds
|
|
ST
|
Special Tax
|
|
TA
|
Tax Allocation
|