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Form NPORT-P FIDELITY MUNICIPAL TRUST For: Mar 31

May 25, 2022 12:09 PM EDT

  
    NPORT-P
    false
    
      
      
        
          0000035373
          XXXXXXXX
        
      
      
      
      
        S000007129
        C000019503
      
      
      
    
  
  
    
      Fidelity Municipal Trust
      811-02628
      0000035373
      MC33ZH3HL1S8YN987650
      245 Summer Street
      Boston
      
      02210
      1-800-FIDELITY
      Fidelity Michigan Municipal Income Fund
      S000007129
      Q560UQKIPJ1Q9COEKD40
      2022-12-31
      2022-03-31
      N
    
    
      656282318.34
      6134193.00
      650148125.34
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      4426325.45000000
      0.00000000
      0.00000000
      9383101.52000000
      
        
          USD
          
          
        
      
      
      
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        MICHIGAN ST BLDG AUTH REV
        N/A
        MI BLDG 5% 10/15/2050
        594615BV7
        
          
        
        7250000.00000000
        PA
        USD
        7798627.08000000
        1.199515429798
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2050-10-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PORTAGE MI PUB SCHS
        N/A
        PORTAGE MI PUB 4% 11/1/2038
        735779NP1
        
          
        
        2000000.00000000
        PA
        USD
        2179363.80000000
        0.335210349004
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-11-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND UNIV MICH REV OAKLAND-U MI 5% 3/1/2029
        673588GC7
        
          
        
        525000.00000000
        PA
        USD
        553407.33000000
        0.085120191604
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI DOWNTOWN DEV AUTH TAX
        N/A
        DETROIT DWNTWN 5% 7/1/2033
        251135GK9
        
          
        
        2000000.00000000
        PA
        USD
        2112776.80000000
        0.324968529117
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU D1 5% 7/1/2035
        59447TFY4
        
          
        
        505000.00000000
        PA
        USD
        546575.99000000
        0.084069455666
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KENTWOOD MICH ECONOMIC DEV
        N/A
        KENTWOOD MI ECO 4% 11/15/2045
        491740EZ5
        
          
        
        500000.00000000
        PA
        USD
        504759.60000000
        0.077637630614
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2045-11-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2038 @
        373695AU9
        
          
        
        1170000.00000000
        PA
        USD
        1360588.32000000
        0.209273589659
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHIPPEWA VALLEY MI SCHS
        N/A
        CHIPPEWA MI SD 5% 5/1/33
        170016ZS1
        
          
        
        1000000.00000000
        PA
        USD
        1099795.60000000
        0.169160773850
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAGINAW MI HOSP FIN AUTH HOSP
        N/A
        SAGINAW HOSP 4% 7/1/2039
        786744JE3
        
          
        
        1430000.00000000
        PA
        USD
        1545029.77000000
        0.237642732445
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2029
        958638UM8
        
          
        
        750000.00000000
        PA
        USD
        799814.33000000
        0.123020323957
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 6/1/2035
        59447TK93
        
          
        
        2000000.00000000
        PA
        USD
        2116127.60000000
        0.325483919359
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2038
        935341K55
        
          
        
        800000.00000000
        PA
        USD
        905621.28000000
        0.139294607598
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI WTR SUPPLY SYS
        N/A
        GRAND RAPID WTR 5% 1/1/33
        386316NA7
        
          
        
        550000.00000000
        PA
        USD
        604718.46000000
        0.093012413084
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV
        N/A
        MICHIGAN 3.75% MT
        594654GD1
        
          
        
        3285000.00000000
        PA
        USD
        3373539.62000000
        0.518887848555
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2050-06-01
          Fixed
          0.03750000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2046 @
        373695AY1
        
          
        
        2000000.00000000
        PA
        USD
        2286093.20000000
        0.351626515696
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2046-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FARMINGTON MICH PUB SCH DIST
        N/A
        FARMINGTON PUBI 5% 5/1/26
        311261SU6
        
          
        
        1385000.00000000
        PA
        USD
        1511302.31000000
        0.232455074635
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5% 4/1/2037
        2510934Y3
        
          
        
        1875000.00000000
        PA
        USD
        2047752.56000000
        0.314967079068
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-04-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2026 @
        373695AG0
        
          
        
        225000.00000000
        PA
        USD
        247299.80000000
        0.038037454906
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/2031
        59447TSD6
        
          
        
        750000.00000000
        PA
        USD
        879240.60000000
        0.135236966120
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV
        N/A
        MICHIGAN MT 3% 6/1/2052
        594654NX9
        
          
        
        3490000.00000000
        PA
        USD
        3506707.68000000
        0.539370574692
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2052-06-01
          Fixed
          0.03000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2034 AMT
        944514RQ3
        
          
        
        1655000.00000000
        PA
        USD
        1752549.01000000
        0.269561495556
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI SEW DISP REV
        N/A
        DETROIT MI SWR/AGC/FGIC 5.5% 7/1/29
        2512373S0
        
          
        
        25000.00000000
        PA
        USD
        28473.58000000
        0.004379552734
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-07-01
          Fixed
          0.05500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MICH BRD WTR and LT UTIL SYS REV
        N/A
        LANSING MI WTR 5% 7/1/2024
        516391CK3
        
          
        
        375000.00000000
        PA
        USD
        400216.76000000
        0.061557781127
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GUAM INTL ARPT AUTH REV
        N/A
        GUAM INTL ARPT 6.25% 10/1/2034 PRE @
        40064REN5
        
          
        
        400000.00000000
        PA
        USD
        425525.96000000
        0.065450617084
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-10-01
          Fixed
          0.06250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI PUB SCHS
        N/A
        GRAND RAPIDS 5% 11/1/2039
        386280RS2
        
          
        
        1200000.00000000
        PA
        USD
        1384547.64000000
        0.212958799085
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRANDVILLE MICH PUB SCHS DIST
        N/A
        GRANDVILLE MICH 4% 5/1/2039
        386892RP0
        
          
        
        1000000.00000000
        PA
        USD
        1085766.10000000
        0.167002880986
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 4% 2/1/2032
        594479HN0
        
          
        
        285000.00000000
        PA
        USD
        295991.25000000
        0.045526740517
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-02-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR SER D 5% 12/1/2040
        944514SY5
        
          
        
        8165000.00000000
        PA
        USD
        8924731.20000000
        1.372722746117
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAY CITY MI SCH DIST
        N/A
        BAY CITY MI SD 5% 11/1/2028
        072104GP1
        
          
        
        250000.00000000
        PA
        USD
        265172.43000000
        0.040786463832
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ZEELAND MICH PUB SCHS
        N/A
        ZEELAND MI SD 5% 5/1/2027
        989258MN5
        
          
        
        1000000.00000000
        PA
        USD
        1087753.80000000
        0.167308611315
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI WTR SUPPLY SYS
        N/A
        GRAND RAPID WTR 5% 1/1/32
        386316MZ3
        
          
        
        320000.00000000
        PA
        USD
        352199.26000000
        0.054172156509
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO HSG FIN AUTH
        N/A
        PR HFA 5% 12/1/2027
        74526LFE8
        
          
        
        1340000.00000000
        PA
        USD
        1512977.12000000
        0.232712679008
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/34
        935341F93
        
          
        
        5630000.00000000
        PA
        USD
        6246537.92000000
        0.960786884793
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2027
        958638XK9
        
          
        
        300000.00000000
        PA
        USD
        344080.89000000
        0.052923461068
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV
        N/A
        DOWNRIVER UTIL 5% 4/1/2034
        26111PAP0
        
          
        
        520000.00000000
        PA
        USD
        599211.13000000
        0.092165324584
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-04-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU D1 5% 7/1/2030
        59447TFT5
        
          
        
        10000.00000000
        PA
        USD
        10862.45000000
        0.001670765411
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 12/1/2030
        59447TQJ5
        
          
        
        710000.00000000
        PA
        USD
        804453.79000000
        0.123733924415
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 1/1/34
        59447TNJ8
        
          
        
        2135000.00000000
        PA
        USD
        2315389.99000000
        0.356132687268
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAGINAW MI HOSP FIN AUTH HOSP
        N/A
        SAGINAW HOSP 4% 7/1/2036
        786744JB9
        
          
        
        770000.00000000
        PA
        USD
        836388.55000000
        0.128645845062
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2034
        958638XS2
        
          
        
        400000.00000000
        PA
        USD
        477907.40000000
        0.073507464125
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KALAMAZOO MI HFA HOSP FAC REV
        N/A
        KALAMAZOO HFA H 5% 5/15/2030 PRE
        483233QR6
        
          
        
        30000.00000000
        PA
        USD
        33440.28000000
        0.005143486337
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-05-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2051 @
        373695AZ8
        
          
        
        3000000.00000000
        PA
        USD
        3413854.50000000
        0.525088724698
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2051-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2035
        944514UH9
        
          
        
        5435000.00000000
        PA
        USD
        5946711.77000000
        0.914670294079
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2031
        958638UP1
        
          
        
        700000.00000000
        PA
        USD
        746677.05000000
        0.114847220332
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MICH BRD WTR and LT UTIL SYS REV
        N/A
        LANSING MI WTR 2% MT
        516391DV8
        
          
        
        2000000.00000000
        PA
        USD
        2000005.80000000
        0.307623097267
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2051-07-01
          Variable
          0.02000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/2033
        59447TSF1
        
          
        
        3250000.00000000
        PA
        USD
        3795701.00000000
        0.583820955880
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI DOWNTOWN DEV AUTH TAX
        N/A
        DETROIT DWNTWN 5% 7/1/2035
        251135GM5
        
          
        
        2750000.00000000
        PA
        USD
        2903214.88000000
        0.446546681724
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND UNIV MI 5% 3/1/26
        673588DY2
        
          
        
        1290000.00000000
        PA
        USD
        1293785.63000000
        0.198998594254
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND TRAVERSE CNTY MI HOSP
        N/A
        GRAND TRAV HOSP A 5% 7/1/2049
        386523GX6
        
          
        
        2615000.00000000
        PA
        USD
        2951138.38000000
        0.453917848099
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2049-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2030 @
        373695AL9
        
          
        
        425000.00000000
        PA
        USD
        493853.78000000
        0.075960194415
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND MACOMB MICH INTERCEPTOR DRAIN DRAIN DIST
        N/A
        OAKLA MI 673421 5% 7/1/2029
        673421BU6
        
          
        
        1500000.00000000
        PA
        USD
        1764178.50000000
        0.271350240236
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PORTAGE MI PUB SCHS
        N/A
        PORTAGE MI PUB 4% 11/1/2042
        735779NY2
        
          
        
        1000000.00000000
        PA
        USD
        1099104.00000000
        0.169054398092
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-11-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LINCOLN MI CONS SCH DIST
        N/A
        LINCOLN MI CSD 5% 5/1/2028
        533883MV3
        
          
        
        2025000.00000000
        PA
        USD
        2253450.38000000
        0.346605687561
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 7/1/2030
        59447PZM6
        
          
        
        6000000.00000000
        PA
        USD
        6381663.00000000
        0.981570622335
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY MI UN 5% 12/1/2035
        386545MP9
        
          
        
        1225000.00000000
        PA
        USD
        1407549.26000000
        0.216496703618
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI SAN SWR SYS
        N/A
        GRAND RAPID SWR 5% 1/1/2035
        386289LV2
        
          
        
        400000.00000000
        PA
        USD
        458713.44000000
        0.070555219975
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEST OTTAWA MI PUB SCH DIST
        N/A
        W OTTAWA MI SD 5% 5/1/2034
        955023RJ7
        
          
        
        900000.00000000
        PA
        USD
        957082.32000000
        0.147209886900
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 4% 6/1/2041
        665398NQ2
        
          
        
        1385000.00000000
        PA
        USD
        1494457.80000000
        0.229864201979
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 5% 6/1/2035
        665398NJ8
        
          
        
        375000.00000000
        PA
        USD
        444377.14000000
        0.068350137865
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 5% 6/1/2034
        665398NH2
        
          
        
        375000.00000000
        PA
        USD
        445242.86000000
        0.068483295213
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5.50% 4/1/2036
        2510934J6
        
          
        
        435000.00000000
        PA
        USD
        494679.26000000
        0.076087162404
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-04-01
          Fixed
          0.05500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2033 @
        373695AP0
        
          
        
        1000000.00000000
        PA
        USD
        1177810.40000000
        0.181160316256
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST BLDG AUTH REV
        N/A
        MI BLDG 4% 10/15/2056
        594615KA3
        
          
        
        2500000.00000000
        PA
        USD
        2646783.00000000
        0.407104611524
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2056-10-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE ST UNIV MI UNIV REVS
        N/A
        WAYNE ST U MI 4% 11/15/2039
        946303C36
        
          
        
        800000.00000000
        PA
        USD
        861108.96000000
        0.132448118580
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-11-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYAL OAK MI HOSP FIN AUTH
        N/A
        ROYAL OAK HOSP 5% 9/1/2026
        780486GR1
        
          
        
        1000000.00000000
        PA
        USD
        1052761.80000000
        0.161926453213
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-09-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYAL OAK MI HOSP FIN AUTH
        N/A
        ROYAL OAK HOSP 5% 9/1/2027
        780486GS9
        
          
        
        1175000.00000000
        PA
        USD
        1236543.33000000
        0.190194092977
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-09-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARQUETTE MI LT and PWR ELEC UTIL
        N/A
        MARQUETTE LTPWR 5% 7/1/29
        571498CR3
        
          
        
        780000.00000000
        PA
        USD
        869131.38000000
        0.133682055846
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 7/1/27
        59447TFC2
        
          
        
        1465000.00000000
        PA
        USD
        1599036.22000000
        0.245949524066
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO COMWLTH
        N/A
        PR ST 5.625% 7/1/2027
        74514L3G0
        
          
        
        195000.00000000
        PA
        USD
        212918.90000000
        0.032749290769
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-07-01
          Fixed
          0.05625000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 1/1/30
        59447TNE9
        
          
        
        1000000.00000000
        PA
        USD
        1090835.30000000
        0.167782580228
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        Crittenton Hosp MI 5% 6/1/27
        59447PSS1
        
          
        
        125000.00000000
        PA
        USD
        125799.61000000
        0.019349376718
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MICH SCH DIST
        N/A
        LANSING MICH SC 5% 5/1/2024
        516444RW8
        
          
        
        355000.00000000
        PA
        USD
        376768.60000000
        0.057951193784
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MICH BRD WTR and LT UTIL SYS REV
        N/A
        LANSING MI WTR 5% 7/1/2022
        516391CH0
        
          
        
        230000.00000000
        PA
        USD
        232210.51000000
        0.035716554574
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2022-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND-U MI 5% 3/1/2037
        673588KQ1
        
          
        
        1265000.00000000
        PA
        USD
        1398611.70000000
        0.215122007660
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUDSONVILLE MICH PUB SCHS
        N/A
        HUDSONVILLE MI 5% 5/1/2034
        444240SG1
        
          
        
        1000000.00000000
        PA
        USD
        1133264.90000000
        0.174308723786
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN HSG DEV RENTAL HSG
        N/A
        MI ST HDA RENTL .65% 10/1/2024
        59465M7A7
        
          
        
        475000.00000000
        PA
        USD
        456174.61000000
        0.070164719733
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-10-01
          Fixed
          0.00650000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 5% 12/31/2026 @
        594698QA3
        
          
        
        425000.00000000
        PA
        USD
        464845.32000000
        0.071498371199
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-12-31
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2044
        958638WN4
        
          
        
        2000000.00000000
        PA
        USD
        2292572.00000000
        0.352623027068
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2041 @
        373695AX3
        
          
        
        1100000.00000000
        PA
        USD
        1272920.33000000
        0.195789279456
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 5% 6/1/2032
        665398NF6
        
          
        
        375000.00000000
        PA
        USD
        448029.34000000
        0.068911886774
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 4% 6/1/2040
        665398NP4
        
          
        
        500000.00000000
        PA
        USD
        540315.40000000
        0.083106507415
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2035 @
        944514E38
        
          
        
        1225000.00000000
        PA
        USD
        1407827.58000000
        0.216539512324
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KALAMAZOO MI HFA HOSP FAC REV
        N/A
        KALAMAZOO HFA H 4% 5/15/2036
        483233RK0
        
          
        
        1985000.00000000
        PA
        USD
        2072362.43000000
        0.318752350307
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-05-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUDSONVILLE MICH PUB SCHS
        N/A
        HUDSONVILLE MI 5% 5/1/2031
        444240SD8
        
          
        
        430000.00000000
        PA
        USD
        489075.16000000
        0.075225189604
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI SAN SWR SYS
        N/A
        GRAND RAPID SWR 5% 1/1/2038
        386289LY6
        
          
        
        655000.00000000
        PA
        USD
        746051.62000000
        0.114751022255
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI DOWNTOWN DEV AUTH TAX
        N/A
        DETROIT DWNTWN 5% 7/1/2031
        251135GH6
        
          
        
        1775000.00000000
        PA
        USD
        1875887.45000000
        0.288532317003
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2023
        935341E60
        
          
        
        810000.00000000
        PA
        USD
        838431.00000000
        0.128959996548
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2023-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NOVI COMM SCHL MI
        N/A
        NOVI MI CSD 5% 5/1/2043
        670029VT1
        
          
        
        1150000.00000000
        PA
        USD
        1359616.37000000
        0.209124092957
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2043-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2031 @
        373695AM7
        
          
        
        725000.00000000
        PA
        USD
        850438.99000000
        0.130806958730
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 4% 12/1/2047
        594479EF0
        
          
        
        2610000.00000000
        PA
        USD
        2761549.39000000
        0.424756956509
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-12-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5% 4/1/2039
        2510935A4
        
          
        
        1210000.00000000
        PA
        USD
        1317273.40000000
        0.202611274055
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-04-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 7/1/2025
        59447PZG9
        
          
        
        1850000.00000000
        PA
        USD
        1978197.23000000
        0.304268697070
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 1/1/32
        59447TNG4
        
          
        
        1895000.00000000
        PA
        USD
        2058638.94000000
        0.316641525179
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2040 @
        373695AW5
        
          
        
        1000000.00000000
        PA
        USD
        1158951.90000000
        0.178259669578
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND TRAVERSE CNTY MI HOSP
        N/A
        GRAND TRAV HOSP A 5% 7/1/2044
        386523GW8
        
          
        
        1110000.00000000
        PA
        USD
        1259194.77000000
        0.193678135938
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PORTAGE MI PUB SCHS
        N/A
        PORTAGE MI PUB 5% 11/1/2034
        735779NA4
        
          
        
        1250000.00000000
        PA
        USD
        1382769.25000000
        0.212685262958
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST UNIV REVS
        N/A
        MI ST UNIV 4% 2/15/44
        594712WH0
        
          
        
        1500000.00000000
        PA
        USD
        1604677.05000000
        0.246817146348
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-02-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2030 @
        944514ZX9
        
          
        
        4365000.00000000
        PA
        USD
        4917787.97000000
        0.756410389928
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND TRAVERSE CNTY MI HOSP
        N/A
        GRAND TRAV HOSP 4% 7/1/2022
        386523HT4
        
          
        
        500000.00000000
        PA
        USD
        503603.15000000
        0.077459755765
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2022-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MI COMMUNITY COLLEGE
        N/A
        LANSNG MI CC 5% 5/1/2044
        516408KT7
        
          
        
        3000000.00000000
        PA
        USD
        3427346.70000000
        0.527163974856
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2032 @
        944514ZZ4
        
          
        
        2945000.00000000
        PA
        USD
        3294257.56000000
        0.506693387491
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI WTR SUPPLY SYS
        N/A
        GRAND RAPID WTR 5% 1/1/46
        386316NF6
        
          
        
        800000.00000000
        PA
        USD
        863144.80000000
        0.132761253375
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2046-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2032 @
        944514PB8
        
          
        
        1500000.00000000
        PA
        USD
        1525872.45000000
        0.234696123933
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2039 @
        373695AV7
        
          
        
        1000000.00000000
        PA
        USD
        1160904.00000000
        0.178559924231
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        YPSILANTI MICH SCH DIST
        N/A
        YPSILANTI MI SD 5% 5/1/32
        987864NU5
        
          
        
        2000000.00000000
        PA
        USD
        2219844.00000000
        0.341436653199
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEST OTTAWA MI PUB SCH DIST
        N/A
        W OTTAWA MI SD 5% 5/1/2035
        955023RK4
        
          
        
        250000.00000000
        PA
        USD
        265856.20000000
        0.040891635250
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN TECHNOLOGICAL UNIV
        N/A
        MICH TECH UNIV 4% 10/1/2046
        594746PY9
        
          
        
        2835000.00000000
        PA
        USD
        3047606.57000000
        0.468755726767
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2046-10-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND-U MI SER A 5% 3/1/38
        673588FL8
        
          
        
        2900000.00000000
        PA
        USD
        2986621.84000000
        0.459375598205
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2030
        958638UN6
        
          
        
        855000.00000000
        PA
        USD
        912012.68000000
        0.140277675879
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND-U MI 5% 3/1/2041
        673588HE2
        
          
        
        3475000.00000000
        PA
        USD
        3797900.13000000
        0.584159206490
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND-U MI SER A 5% 3/1/27
        673588FD6
        
          
        
        815000.00000000
        PA
        USD
        839343.72000000
        0.129100383018
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES SEWER AUTH MICH
        N/A
        GT LAKES WTR MI 5% 7/1/2027
        39081HAD4
        
          
        
        15000.00000000
        PA
        USD
        16817.59000000
        0.002586732060
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU D1 5% 7/1/2034
        59447TFX6
        
          
        
        1250000.00000000
        PA
        USD
        1353725.25000000
        0.208217973295
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2031
        958638XP8
        
          
        
        150000.00000000
        PA
        USD
        180066.48000000
        0.027696223826
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES SEWER AUTH MICH
        N/A
        GT LAKES SEW MI 5% 7/1/2043
        39081HBS0
        
          
        
        10000000.00000000
        PA
        USD
        11371944.00000000
        1.749131245137
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2043-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND TRAVERSE CNTY MI HOSP
        N/A
        MUNSON HEALTHCARE-SER A
        386523EH3
        
          
        
        1400000.00000000
        PA
        USD
        1479888.06000000
        0.227623214206
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU(WAYNE CNTY MI) 5% 11/1/30
        59447TSC8
        
          
        
        1000000.00000000
        PA
        USD
        1173820.70000000
        0.180546656100
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV
        N/A
        MICHIGAN MT 3.50% 12/1/2050
        594654JK2
        
          
        
        2790000.00000000
        PA
        USD
        2850810.56000000
        0.438486315485
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2050-12-01
          Fixed
          0.03500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BATTLE CREEK MI SCH DIST
        N/A
        BATTLECREEK SCD MI 5% 5/1/2037
        071446BT4
        
          
        
        1175000.00000000
        PA
        USD
        1292102.73000000
        0.198739745550
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MI COMMUNITY COLLEGE
        N/A
        LANSNG MI CC 5% 5/1/2025
        516408JS1
        
          
        
        350000.00000000
        PA
        USD
        351078.14000000
        0.053999715805
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 6/1/2049
        59447TL76
        
          
        
        4250000.00000000
        PA
        USD
        4337686.43000000
        0.667184332452
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2049-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2048 @
        944514ZJ0
        
          
        
        5000000.00000000
        PA
        USD
        5490246.50000000
        0.844460867610
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2048-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        YPSILANTI MICH SCH DIST
        N/A
        YPSILANTI MI SD 5% 5/1/30
        987864NS0
        
          
        
        1550000.00000000
        PA
        USD
        1722939.86000000
        0.265007279548
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GUAM INTL ARPT AUTH REV
        N/A
        GUAM INTL ARPT 6.25% 10/1/2034 @
        40064RES4
        
          
        
        600000.00000000
        PA
        USD
        630349.38000000
        0.096954733149
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-10-01
          Fixed
          0.06250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND UNIV MI 5% 3/1/24
        673588DW6
        
          
        
        1170000.00000000
        PA
        USD
        1173226.74000000
        0.180455298457
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2046 @
        944514F29
        
          
        
        1280000.00000000
        PA
        USD
        1436966.66000000
        0.221021426347
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2046-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HOSP FIN AUTH REV
        N/A
        MI HOSP(ASCENSION HLTH) 4% 11/15/47
        59465HTX4
        
          
        
        290000.00000000
        PA
        USD
        300249.56000000
        0.046181715873
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-11-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 1/1/29
        59447TND1
        
          
        
        1000000.00000000
        PA
        USD
        1094963.50000000
        0.168417543221
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LINCOLN MI CONS SCH DIST
        N/A
        LINCOLN MI CSD 5% 5/1/2029
        533883MW1
        
          
        
        1430000.00000000
        PA
        USD
        1585419.26000000
        0.243855084434
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LINCOLN MI CONS SCH DIST
        N/A
        LINCOLN MI CSD 5% 5/1/2032
        533883MZ4
        
          
        
        1000000.00000000
        PA
        USD
        1102114.10000000
        0.169517384891
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 4.25% 12/31/2038@
        594698QS4
        
          
        
        840000.00000000
        PA
        USD
        886617.65000000
        0.136371638314
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-12-31
          Fixed
          0.04250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MI FIN AU 5% 11/15/41
        59447TMN0
        
          
        
        11710000.00000000
        PA
        USD
        12874003.28000000
        1.980164639137
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHIPPEWA VALLEY MI SCHS
        N/A
        CHIPPEWA MI SD 5% 5/1/34
        170016ZT9
        
          
        
        1075000.00000000
        PA
        USD
        1180721.63000000
        0.181608095752
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5.50% 4/1/2038
        2510934L1
        
          
        
        490000.00000000
        PA
        USD
        555845.47000000
        0.085495204605
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-04-01
          Fixed
          0.05500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEST OTTAWA MI PUB SCH DIST
        N/A
        W OTTAWA MI SD 5% 5/1/2032
        955023RG3
        
          
        
        500000.00000000
        PA
        USD
        531712.40000000
        0.081783270500
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 7/1/26
        59447TFB4
        
          
        
        570000.00000000
        PA
        USD
        622338.14000000
        0.095722515492
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MACOMB INTERCEPTOR DRAIN DRAINAGE DISTRICT
        N/A
        MACOMB INTERCEP 5% 5/1/2034
        55539PCN6
        
          
        
        1750000.00000000
        PA
        USD
        1981416.15000000
        0.304763802704
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU(TRINITY HLTH) 5% 12/1/37
        59447TQS5
        
          
        
        3270000.00000000
        PA
        USD
        3679265.03000000
        0.565911810954
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FRASER MI PUB SCH DIST
        N/A
        FRASER MI SD 5% 5/1/29
        355514MT4
        
          
        
        1455000.00000000
        PA
        USD
        1582227.82000000
        0.243364205529
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 6/1/2037
        59447TL35
        
          
        
        2000000.00000000
        PA
        USD
        2108711.80000000
        0.324343286985
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST UNIV REVS
        N/A
        MI ST UNIV 5% 2/15/2048
        594712VF5
        
          
        
        3000000.00000000
        PA
        USD
        3400553.10000000
        0.523042821698
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2048-02-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2034
        935341J99
        
          
        
        1175000.00000000
        PA
        USD
        1335467.87000000
        0.205409785547
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LINCOLN MI CONS SCH DIST
        N/A
        LINCOLN MI CSD 5% 5/1/2031
        533883MY7
        
          
        
        500000.00000000
        PA
        USD
        551261.70000000
        0.084790169888
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 7/1/2034
        59447TGA5
        
          
        
        1000000.00000000
        PA
        USD
        1080052.20000000
        0.166124019727
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2051
        958638YB8
        
          
        
        5000000.00000000
        PA
        USD
        5813935.00000000
        0.894247752688
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2051-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 5% 6/1/2037
        665398NL3
        
          
        
        675000.00000000
        PA
        USD
        798297.19000000
        0.122786970981
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        YPSILANTI MICH SCH DIST
        N/A
        YPSILANTI MI SD 5% 5/1/29
        987864NR2
        
          
        
        1305000.00000000
        PA
        USD
        1446833.66000000
        0.222539080496
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAY CITY MI SCH DIST
        N/A
        BAY CITY MI SCHOOLS QSBLF 5% 11/1/2027
        072104GN6
        
          
        
        700000.00000000
        PA
        USD
        742629.79000000
        0.114224706809
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 11/15/2050
        59447TUJ0
        
          
        
        8750000.00000000
        PA
        USD
        9078700.75000000
        1.396404972367
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2050-11-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 6/1/2040
        59447TG80
        
          
        
        3000000.00000000
        PA
        USD
        3338232.60000000
        0.513457236880
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROCKFORD MI PUB SCH DIST UTGO
        N/A
        ROCKFRD MI SCH 5% 5/1/2042
        773318VX5
        
          
        
        3050000.00000000
        PA
        USD
        3498562.59000000
        0.538117769419
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WEST OTTAWA MI PUB SCH DIST
        N/A
        W OTTAWA MI SD 5% 5/1/2030
        955023RE8
        
          
        
        725000.00000000
        PA
        USD
        770982.98000000
        0.118585742225
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5.50% 4/1/2037
        2510934K3
        
          
        
        465000.00000000
        PA
        USD
        528246.46000000
        0.081250170447
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-04-01
          Fixed
          0.05500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LOWELL MI AREA SCHS
        N/A
        LOWELL MI SD 5% 5/1/2049
        547694PK9
        
          
        
        1750000.00000000
        PA
        USD
        2020481.58000000
        0.310772499565
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2049-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 4% 6/1/2039
        665398NN9
        
          
        
        900000.00000000
        PA
        USD
        974923.74000000
        0.149954095382
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5% 4/1/2023
        2510933B4
        
          
        
        310000.00000000
        PA
        USD
        317488.61000000
        0.048833273161
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2023-04-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GROSSE POINTE MI PUB SCH SYS
        N/A
        GROSSE PT PSS 5% 5/1/2039
        399100KZ8
        
          
        
        1000000.00000000
        PA
        USD
        1151000.60000000
        0.177036671358
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2029 @
        373695AK1
        
          
        
        525000.00000000
        PA
        USD
        603710.00000000
        0.092857300739
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUDSONVILLE MICH PUB SCHS
        N/A
        HUDSONVILLE MI 5% 5/1/2032
        444240SE6
        
          
        
        1200000.00000000
        PA
        USD
        1363004.88000000
        0.209645283417
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV
        N/A
        GREAT LAKES WTR 5% 7/1/2045
        39081JDJ4
        
          
        
        1850000.00000000
        PA
        USD
        2136376.67000000
        0.328598451142
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2045-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HSG DEV AUTH RENTHSG REV
        N/A
        MICHIGAN ST HS .55% 4/1/2025
        59465PAD0
        
          
        
        2750000.00000000
        PA
        USD
        2624882.98000000
        0.403736145301
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-04-01
          Fixed
          0.00550000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2035
        935341K22
        
          
        
        1200000.00000000
        PA
        USD
        1362710.88000000
        0.209600062952
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARQUETTE MI LT and PWR ELEC UTIL
        N/A
        MARQUETTE LTPWR 5% 7/1/31
        571498CT9
        
          
        
        780000.00000000
        PA
        USD
        868461.20000000
        0.133578974721
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 4% 5/1/2024
        935341G84
        
          
        
        750000.00000000
        PA
        USD
        777864.98000000
        0.119644270233
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PORTAGE MI PUB SCHS
        N/A
        PORTAGE MI PUB 5% 11/1/39
        735779MY3
        
          
        
        755000.00000000
        PA
        USD
        828705.67000000
        0.127464132818
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BAY CITY MI SCH DIST
        N/A
        BAY CITY MI SCHOOLS QSBLF 5% 11/1/2026
        072104GM8
        
          
        
        1000000.00000000
        PA
        USD
        1061740.50000000
        0.163307476960
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2038
        958638XW3
        
          
        
        625000.00000000
        PA
        USD
        741898.44000000
        0.114112217060
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI DOWNTOWN DEV AUTH TAX
        N/A
        DETROIT DWNTWN 5% 7/1/2022
        251135GW3
        
          
        
        500000.00000000
        PA
        USD
        504706.90000000
        0.077629524769
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2022-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PORTAGE MI PUB SCHS
        N/A
        PORTAGE MI PUB 5% 11/1/35
        735779MV9
        
          
        
        1300000.00000000
        PA
        USD
        1436478.03000000
        0.220946269628
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 1/1/31
        59447TNF6
        
          
        
        1170000.00000000
        PA
        USD
        1273214.94000000
        0.195834593744
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY MI UN 5% 12/1/2037
        386545MR5
        
          
        
        1375000.00000000
        PA
        USD
        1577179.18000000
        0.242587668644
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FARMINGTON MICH PUB SCH DIST
        N/A
        FARMINGTON PUBI 4% 5/1/2040
        311261UU3
        
          
        
        3000000.00000000
        PA
        USD
        3270573.60000000
        0.503050531490
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 7/1/2037
        59447PD32
        
          
        
        1000000.00000000
        PA
        USD
        1057512.80000000
        0.162657209762
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2037
        944514VH8
        
          
        
        545000.00000000
        PA
        USD
        605461.70000000
        0.093126731648
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KALAMAZOO MI HFA HOSP FAC REV
        N/A
        KALAMAZOO HFA H 4% 5/15/2036 PRE
        483233QV7
        
          
        
        15000.00000000
        PA
        USD
        16131.67000000
        0.002481229949
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-05-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/01/2023
        944514NE4
        
          
        
        2300000.00000000
        PA
        USD
        2347511.10000000
        0.361073270613
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2023-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2034 @
        373695AQ8
        
          
        
        1000000.00000000
        PA
        USD
        1173154.70000000
        0.180444217905
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 1.45% 9/1/2030
        594698SQ6
        
          
        
        2000000.00000000
        PA
        USD
        1750172.20000000
        0.269195915789
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-09-01
          Fixed
          0.01450000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROSEVILLE MICH CMNTY SCHS
        N/A
        ROSEVILLE MICH CMNTY SCHS ROSEVILLE MI SD 5% 5/1/24
        778017NK5
        
          
        
        780000.00000000
        PA
        USD
        827174.09000000
        0.127228558809
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI SAN SWR SYS
        N/A
        GRAND RAPID SWR 5% 1/1/2033
        386289LT7
        
          
        
        250000.00000000
        PA
        USD
        287963.23000000
        0.044291941909
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST
        N/A
        MI ST 4% 5/15/2040
        594612ER0
        
          
        
        500000.00000000
        PA
        USD
        549869.50000000
        0.084576034071
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-05-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAGINAW MI HOSP FIN AUTH HOSP
        N/A
        SAGINAW HOSP 4% 7/1/2040
        786744JF0
        
          
        
        490000.00000000
        PA
        USD
        527873.08000000
        0.081192740458
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 5% 6/1/2033
        665398NG4
        
          
        
        365000.00000000
        PA
        USD
        433953.76000000
        0.066746906295
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND UNIV MI 5% 3/1/25
        673588DX4
        
          
        
        1225000.00000000
        PA
        USD
        1228604.20000000
        0.188972966638
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GROSSE POINTE MI PUB SCH SYS
        N/A
        GROSSE PT PSS 5% 5/1/2038
        399100KY1
        
          
        
        1000000.00000000
        PA
        USD
        1152518.10000000
        0.177270079706
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES SEWER AUTH MICH
        N/A
        GT LAKES WTR MI 5% 7/1/31
        39081HAM4
        
          
        
        7000000.00000000
        PA
        USD
        7766885.70000000
        1.194633253143
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI WTR SUPPLY SYS
        N/A
        GRAND RAPID WTR 5% 1/1/36
        386316ND1
        
          
        
        385000.00000000
        PA
        USD
        421560.95000000
        0.064840754524
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2037 @
        373695AT2
        
          
        
        700000.00000000
        PA
        USD
        815436.37000000
        0.125423167154
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHIPPEWA VALLEY MI SCHS
        N/A
        CHIPPEWA MI SD 5% 5/1/32
        170016ZR3
        
          
        
        1000000.00000000
        PA
        USD
        1100884.50000000
        0.169328258760
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU SRC 5% 7/1/28
        59447TFD0
        
          
        
        1500000.00000000
        PA
        USD
        1633789.05000000
        0.251294895166
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 4% 6/1/2046
        665398NR0
        
          
        
        1850000.00000000
        PA
        USD
        1975319.00000000
        0.303825993340
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2046-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI WTR SUPPLY SYS
        N/A
        GRAND RAPID WTR 5% 1/1/35
        386316NC3
        
          
        
        920000.00000000
        PA
        USD
        1009098.32000000
        0.155210525212
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2036 @
        373695AS4
        
          
        
        600000.00000000
        PA
        USD
        699991.08000000
        0.107666399812
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/15/2048
        59447TUH4
        
          
        
        9865000.00000000
        PA
        USD
        11168664.68000000
        1.717864628796
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2048-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 11/15/2044 MT
        59447TWN9
        
          
        
        1355000.00000000
        PA
        USD
        1413803.88000000
        0.217458733617
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-11-15
          Variable
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        RAVENNA MI PUB SCHS
        N/A
        RAVENNA MI PSCH 4% 5/1/2051
        754254FQ8
        
          
        
        2140000.00000000
        PA
        USD
        2294873.73000000
        0.352977058697
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2051-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST BLDG AUTH REV
        N/A
        MI BLDG 5% 4/15/38
        594615BX3
        
          
        
        3000000.00000000
        PA
        USD
        3269253.90000000
        0.502847546978
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-04-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV
        N/A
        PR AFICA HOSP 4% 7/1/2036
        74527EFS2
        
          
        
        195000.00000000
        PA
        USD
        205315.11000000
        0.031579743445
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI PUB SCHS
        N/A
        GRAND RAPIDS MI 5% 5/1/29
        386280QV6
        
          
        
        480000.00000000
        PA
        USD
        540527.18000000
        0.083139081531
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLARKSTON MI CMNTY SCHS
        N/A
        CLARKSTON MI SD 5% 5/1/29
        182252UW4
        
          
        
        1500000.00000000
        PA
        USD
        1633973.10000000
        0.251323204099
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARQUETTE MI LT and PWR ELEC UTIL
        N/A
        MARQUETTE LTPWR 5% 7/1/33
        571498CV4
        
          
        
        705000.00000000
        PA
        USD
        785561.06000000
        0.120828012783
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 01/01/2040
        59447PTG6
        
          
        
        3000000.00000000
        PA
        USD
        3070776.90000000
        0.472319580771
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/15/2024
        59447TLZ4
        
          
        
        2940000.00000000
        PA
        USD
        3151517.42000000
        0.484738369175
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI PUB SCHS
        N/A
        GRAND RAPIDS 5% 11/1/2042
        386280RV5
        
          
        
        1400000.00000000
        PA
        USD
        1607840.78000000
        0.247303763147
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST BLDG AUTH REV
        N/A
        MI BLDG 3% 10/15/2045
        594615HK5
        
          
        
        6000000.00000000
        PA
        USD
        5701030.80000000
        0.876881833200
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2045-10-15
          Fixed
          0.03000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2026
        958638UJ5
        
          
        
        400000.00000000
        PA
        USD
        428355.80000000
        0.065885877895
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI PUB SCHS
        N/A
        GRAND RAPIDS 5% 11/1/2041
        386280RU7
        
          
        
        1300000.00000000
        PA
        USD
        1496245.79000000
        0.230139214693
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 5% 12/31/2025 @
        594698PY2
        
          
        
        1260000.00000000
        PA
        USD
        1358522.05000000
        0.208955774392
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-12-31
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2030
        935341J57
        
          
        
        550000.00000000
        PA
        USD
        628139.33000000
        0.096614802922
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2035
        935341G27
        
          
        
        1250000.00000000
        PA
        USD
        1384826.13000000
        0.213001633939
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MICH BRD WTR and LT UTIL SYS REV
        N/A
        LANSING MI WTR 5% 7/1/2023
        516391CJ6
        
          
        
        340000.00000000
        PA
        USD
        353699.89000000
        0.054402970063
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2023-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI DOWNTOWN DEV AUTH TAX
        N/A
        DETROIT DWNTWN 5% 7/1/2037
        251135GP8
        
          
        
        2000000.00000000
        PA
        USD
        2110531.20000000
        0.324623130905
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2037
        944514B98
        
          
        
        1500000.00000000
        PA
        USD
        1748282.10000000
        0.268905197424
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND-U MI SER A 5% 3/1/25
        673588FB0
        
          
        
        995000.00000000
        PA
        USD
        1024720.25000000
        0.157613351490
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2032
        958638XQ6
        
          
        
        300000.00000000
        PA
        USD
        359464.23000000
        0.055289589554
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2030
        958638XN3
        
          
        
        200000.00000000
        PA
        USD
        239511.20000000
        0.036839481752
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GUAM POWER AUTH.
        N/A
        GUAM POWER AUTH 5% 10/1/23
        400653GJ4
        
          
        
        1175000.00000000
        PA
        USD
        1191978.16000000
        0.183339475042
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2023-10-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY MI UN 5% 12/1/2043
        386545MT1
        
          
        
        1400000.00000000
        PA
        USD
        1597401.82000000
        0.245698135200
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2043-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2032
        935341J73
        
          
        
        1100000.00000000
        PA
        USD
        1253790.78000000
        0.192846942278
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH SER H-1 5% 10/39
        59447PL74
        
          
        
        4725000.00000000
        PA
        USD
        5054084.44000000
        0.777374300257
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-10-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 1.8% MT@
        594698RN4
        
          
        
        6000000.00000000
        PA
        USD
        5999362.80000000
        0.922768607055
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2049-10-01
          Variable
          0.01800000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES SEWER AUTH MICH
        N/A
        GT LAKES SEW MI 5% 7/1/2028
        39081HBY7
        
          
        
        1125000.00000000
        PA
        USD
        1307290.16000000
        0.201075740903
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/2036
        59447TSJ3
        
          
        
        1250000.00000000
        PA
        USD
        1451099.25000000
        0.223195175598
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/2038
        59447TSL8
        
          
        
        1595000.00000000
        PA
        USD
        1848597.50000000
        0.284334819704
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/2037
        59447TSK0
        
          
        
        1500000.00000000
        PA
        USD
        1740668.10000000
        0.267734079689
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 4% 5/15/2027
        594698RQ7
        
          
        
        860000.00000000
        PA
        USD
        900885.17000000
        0.138566141297
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-05-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FITZGERALD MI PUB SCH DIST
        N/A
        FITZGERALD MI 5% 5/1/2037
        338261LM0
        
          
        
        1260000.00000000
        PA
        USD
        1462935.98000000
        0.225015796090
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV
        N/A
        MICHIGAN MT 3% 6/1/2051
        594654LR4
        
          
        
        3465000.00000000
        PA
        USD
        3482765.40000000
        0.535687986207
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2051-06-01
          Fixed
          0.03000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HOSP FIN AUTH REV
        N/A
        MI HOSP(ASCENSION HLTH) 5% 11/15/47
        59465HTY2
        
          
        
        18000000.00000000
        PA
        USD
        19929326.40000000
        3.065351667295
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROCH MI COMM SCH REF GO
        N/A
        ROCHESTER MI CSD 5% 5/1/31
        771537VP9
        
          
        
        1500000.00000000
        PA
        USD
        1664883.00000000
        0.256077489899
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MI FIN AU 5% 11/15/34
        59447TMK6
        
          
        
        1135000.00000000
        PA
        USD
        1253528.84000000
        0.192806652998
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARQUETTE MI LT and PWR ELEC UTIL
        N/A
        MARQUETTE LTPWR 5% 7/1/30
        571498CS1
        
          
        
        900000.00000000
        PA
        USD
        1002457.17000000
        0.154189042608
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BLOOMFIELD HILLS MI SCHS DIST
        N/A
        BLOOMFIELD HILL 4% 5/1/2050
        093887NP8
        
          
        
        1500000.00000000
        PA
        USD
        1609903.05000000
        0.247620963170
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2050-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 11/15/2026
        59447PQQ7
        
          
        
        800000.00000000
        PA
        USD
        815720.40000000
        0.125466854122
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROYAL OAK MI HOSP FIN AUTH
        N/A
        ROYAL OAK HOSP 5% 9/1/2028
        780486GT7
        
          
        
        1870000.00000000
        PA
        USD
        1967226.72000000
        0.302581310831
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-09-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 11/1/2055
        59447TP72
        
          
        
        2500000.00000000
        PA
        USD
        2653213.25000000
        0.408093655366
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2055-11-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HOSP FIN AUTH REV
        N/A
        MI HOSP 5% 11/15/46
        59465HTZ9
        
          
        
        3500000.00000000
        PA
        USD
        3878366.10000000
        0.596535766056
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2046-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2031 AMT
        944514RM2
        
          
        
        860000.00000000
        PA
        USD
        911371.93000000
        0.140179121415
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND UNIV MICH REV OAKLAND-U MI 5% 3/1/2039
        673588GJ2
        
          
        
        3000000.00000000
        PA
        USD
        3141038.10000000
        0.483126533412
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CHIPPEWA VALLEY MI SCHS
        N/A
        CHIPPEWA MI SD 5% 5/1/35
        170016ZU6
        
          
        
        775000.00000000
        PA
        USD
        849815.87000000
        0.130711115956
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% MT
        59447TUE1
        
          
        
        5000000.00000000
        PA
        USD
        5395963.00000000
        0.829959018520
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-12-01
          Variable
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND UNV MI 5% 3/1/28
        673588GV5
        
          
        
        1150000.00000000
        PA
        USD
        1266779.17000000
        0.194844700865
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV
        N/A
        DOWNRIVER UTIL 5% 4/1/2035
        26111PAQ8
        
          
        
        500000.00000000
        PA
        USD
        575060.40000000
        0.088450674175
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-04-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI SAN SWR SYS
        N/A
        GRAND RAPID SWR 5% 1/1/2034
        386289LU4
        
          
        
        550000.00000000
        PA
        USD
        632231.16000000
        0.097244171806
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PORTAGE MI PUB SCHS
        N/A
        PORTAGE MI PUB 5% 11/1/2032
        735779MS6
        
          
        
        2500000.00000000
        PA
        USD
        2770682.00000000
        0.426161653323
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HOSP FIN AUTH REV
        N/A
        MI HOSP 5% 11/15/2047
        59465HVU7
        
          
        
        5050000.00000000
        PA
        USD
        5792065.18000000
        0.890883931561
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2025
        958638UH9
        
          
        
        320000.00000000
        PA
        USD
        343022.30000000
        0.052760638173
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MICH SCH DIST
        N/A
        LANSING MICH SC 5% 5/1/2023
        516444RV0
        
          
        
        430000.00000000
        PA
        USD
        445046.17000000
        0.068453042107
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2023-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 4% 5/1/2023
        935341G76
        
          
        
        750000.00000000
        PA
        USD
        768370.58000000
        0.118183926101
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2023-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY MI UN 5% 12/1/2026
        386545JL2
        
          
        
        1900000.00000000
        PA
        USD
        2036767.70000000
        0.313277485639
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 5% 9/1/2038
        594479GE1
        
          
        
        1270000.00000000
        PA
        USD
        1465169.66000000
        0.225359360873
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-09-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY ST UNIV MI 5% 12/1/28
        386545JN8
        
          
        
        1800000.00000000
        PA
        USD
        1928604.42000000
        0.296640772284
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FLINT MI HOSP BLDG AUTH REV
        N/A
        FLINT MI BLDG 4% 7/1/2038
        339511EX1
        
          
        
        1800000.00000000
        PA
        USD
        1905719.76000000
        0.293120857497
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI WTR SUPPLY SYS
        N/A
        GRAND RAPID WTR 5% 1/1/34
        386316NB5
        
          
        
        500000.00000000
        PA
        USD
        549177.45000000
        0.084469589097
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU SRC 5% 7/1/35
        59447TFG3
        
          
        
        2100000.00000000
        PA
        USD
        2266064.64000000
        0.348545900799
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 8/15/30
        59447PUS8
        
          
        
        4105000.00000000
        PA
        USD
        4271627.70000000
        0.657023766355
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-08-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY MI UN 5% 12/1/2034
        386545MN4
        
          
        
        1075000.00000000
        PA
        USD
        1236183.03000000
        0.190138674837
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUDSONVILLE MICH PUB SCHS
        N/A
        Hudsonville Public School District 4% 5/1/2025
        444240PU3
        
          
        
        500000.00000000
        PA
        USD
        512517.35000000
        0.078830858695
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2036
        935341K30
        
          
        
        1000000.00000000
        PA
        USD
        1134216.30000000
        0.174455059669
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2036
        944514UF3
        
          
        
        5760000.00000000
        PA
        USD
        6291717.70000000
        0.967736036570
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KENTWOOD MICH ECONOMIC DEV
        N/A
        KENTWOOD MI ECO 4% 11/15/2031 Q
        491740FA9
        
          
        
        1000000.00000000
        PA
        USD
        1038840.50000000
        0.159785202711
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-11-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 01/01/2033
        59447PTF8
        
          
        
        1250000.00000000
        PA
        USD
        1279490.38000000
        0.196799826090
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE ST UNIV MI UNIV REVS
        N/A
        WAYNE ST U MI 4% 11/15/2038
        946303C28
        
          
        
        1000000.00000000
        PA
        USD
        1077931.60000000
        0.165797847903
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-11-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2053
        958638YC6
        
          
        
        4100000.00000000
        PA
        USD
        4757457.14000000
        0.731749728188
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2053-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 5% 6/30/2025 @
        594698PX4
        
          
        
        1100000.00000000
        PA
        USD
        1175569.67000000
        0.180815667104
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-06-30
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2039
        944514C30
        
          
        
        1500000.00000000
        PA
        USD
        1742311.65000000
        0.267986875927
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2039-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        CLARKSTON MI CMNTY SCHS
        N/A
        CLARKSTON MI SD 5% 5/1/28
        182252UV6
        
          
        
        1745000.00000000
        PA
        USD
        1900855.37000000
        0.292372660308
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 4% 5/1/2025
        935341G92
        
          
        
        500000.00000000
        PA
        USD
        525839.05000000
        0.080879884061
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV
        N/A
        MICHIGAN MT 4% 12/1/2048
        594654CM5
        
          
        
        1335000.00000000
        PA
        USD
        1375801.20000000
        0.211613499505
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2048-12-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2027 @
        373695AH8
        
          
        
        325000.00000000
        PA
        USD
        364194.38000000
        0.056017139141
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY MI UN 5% 12/1/2025
        386545JK4
        
          
        
        500000.00000000
        PA
        USD
        537065.45000000
        0.082606629023
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2041
        958638XZ6
        
          
        
        345000.00000000
        PA
        USD
        407008.75000000
        0.062602464597
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 5% 5/15/2044
        594698RS3
        
          
        
        1500000.00000000
        PA
        USD
        1620004.50000000
        0.249174678332
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-05-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2031 @
        944514ZY7
        
          
        
        2825000.00000000
        PA
        USD
        3169973.18000000
        0.487577069970
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 12/1/2048
        59447TUC5
        
          
        
        2000000.00000000
        PA
        USD
        2255878.80000000
        0.346979205518
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2048-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2028 @
        373695AJ4
        
          
        
        235000.00000000
        PA
        USD
        266870.23000000
        0.041047604322
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND-U MI 5% 3/1/2036
        673588KP3
        
          
        
        1135000.00000000
        PA
        USD
        1256464.41000000
        0.193258176256
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KALAMAZOO MI HFA HOSP FAC REV
        N/A
        KALAMAZOO HFA H 5% 5/15/2028
        483233RD6
        
          
        
        775000.00000000
        PA
        USD
        861866.19000000
        0.132564588961
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-05-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2036
        944514B80
        
          
        
        1000000.00000000
        PA
        USD
        1170571.90000000
        0.180046954590
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OAKLAND UNIV MICH REV
        N/A
        OAKLAND UNIV MICH REV OAKLAND-U MI 5% 3/1/2028
        673588GB9
        
          
        
        335000.00000000
        PA
        USD
        353126.58000000
        0.054314788620
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-03-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KENTWOOD MICH ECONOMIC DEV
        N/A
        KENTWOOD MI ECO 4% 11/15/2043 Q
        491740FB7
        
          
        
        2250000.00000000
        PA
        USD
        2282202.90000000
        0.351028144364
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2043-11-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MICHIGAN ST FIN AUTH REVENUE REF-HOSP-OAKWOOD OBLIG GROUP
        59447PLJ8
        
          
        
        2000000.00000000
        PA
        USD
        2038635.20000000
        0.313564727873
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/44
        59447THF3
        
          
        
        6190000.00000000
        PA
        USD
        6707578.09000000
        1.031699981676
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 4% 12/1/2051
        594479HL4
        
          
        
        1100000.00000000
        PA
        USD
        1084973.12000000
        0.166880911858
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2051-12-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 1.20% MT
        59447TU68
        
          
        
        3000000.00000000
        PA
        USD
        2720602.50000000
        0.418458870211
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-10-15
          Variable
          0.01200000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/42
        944514WC8
        
          
        
        1455000.00000000
        PA
        USD
        1603601.04000000
        0.246651644063
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES SEWER AUTH MICH
        N/A
        GT LAKES SEW MI 5% 7/1/2029
        39081HBZ4
        
          
        
        15000.00000000
        PA
        USD
        17674.60000000
        0.002718549713
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV
        N/A
        PR AFICA HOSP 5% 7/1/2032
        74527EFN3
        
          
        
        360000.00000000
        PA
        USD
        418706.24000000
        0.064401668432
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 4% 12/1/2046
        594479HK6
        
          
        
        1725000.00000000
        PA
        USD
        1718857.79000000
        0.264379411861
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2046-12-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRANDVILLE MICH PUB SCHS DIST
        N/A
        GRANDVILLE MICH 4% 5/1/2040
        386892RQ8
        
          
        
        1300000.00000000
        PA
        USD
        1410381.83000000
        0.216932384333
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH SER H-1 5% 10/25
        59447PK59
        
          
        
        2250000.00000000
        PA
        USD
        2416928.18000000
        0.371750388226
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-10-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI SEW DISP REV
        N/A
        DETROIT MI SWR 5% NATL 7/1/2036
        2512377P2
        
          
        
        10000.00000000
        PA
        USD
        10030.96000000
        0.001542873017
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/15/2029
        59447TME0
        
          
        
        2950000.00000000
        PA
        USD
        3271624.64000000
        0.503212193112
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV
        N/A
        DOWNRIVER UTIL 5% 4/1/2033
        26111PAN5
        
          
        
        735000.00000000
        PA
        USD
        848661.80000000
        0.130533607177
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-04-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KALAMAZOO MI HFA HOSP FAC REV
        N/A
        KALAMAZOO HFA H 5% 5/15/2030
        483233RF1
        
          
        
        4970000.00000000
        PA
        USD
        5518778.45000000
        0.848849398298
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-05-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 1/1/33
        59447TNH2
        
          
        
        1915000.00000000
        PA
        USD
        2078226.56000000
        0.319654318608
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 4% 2/1/2042
        594479HP5
        
          
        
        745000.00000000
        PA
        USD
        748461.20000000
        0.115121642411
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-02-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KALAMAZOO MI HFA HOSP FAC REV
        N/A
        KALAMAZOO HFA H 5% 5/15/2028 PRE
        483233QP0
        
          
        
        5000.00000000
        PA
        USD
        5573.38000000
        0.000857247722
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-05-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUDSONVILLE MICH PUB SCHS
        N/A
        HUDSONVILLE MI 5% 5/1/2035
        444240SH9
        
          
        
        1000000.00000000
        PA
        USD
        1131211.90000000
        0.173992949592
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 5/15/2054
        59447TWP4
        
          
        
        1000000.00000000
        PA
        USD
        1098007.70000000
        0.168885774980
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2054-05-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROSEVILLE MICH CMNTY SCHS
        N/A
        ROSEVILLE MI SD 5% 5/1/2024
        778017NZ2
        
          
        
        570000.00000000
        PA
        USD
        604473.37000000
        0.092974715521
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV
        N/A
        MICHIGAN MT 4.25% 6/1/2049
        594654DQ5
        
          
        
        2915000.00000000
        PA
        USD
        3029578.45000000
        0.465982801752
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2049-06-01
          Fixed
          0.04250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 11/15/2042
        59447PQS3
        
          
        
        3120000.00000000
        PA
        USD
        3173975.69000000
        0.488192700446
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5% 4/1/2022
        2510933A6
        
          
        
        725000.00000000
        PA
        USD
        725000.00000000
        0.111513049371
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2022-04-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAGINAW MICH CITY SCH DIST
        N/A
        SAGINAW MI SCD 4% 5/1/2047
        786743QE7
        
          
        
        3000000.00000000
        PA
        USD
        3202325.40000000
        0.492553200599
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-05-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LOWELL MI AREA SCHS
        N/A
        LOWELL MI SD 5% 5/1/2047
        547694PJ2
        
          
        
        1500000.00000000
        PA
        USD
        1733356.50000000
        0.266609474432
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI SAN SWR SYS
        N/A
        GRAND RAPID SWR 5% 1/1/2031
        386289LR1
        
          
        
        475000.00000000
        PA
        USD
        548337.72000000
        0.084340429300
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NORTHERN MI UNIV REVS
        N/A
        NO MICH UN REVS 5% 6/1/2036
        665398NK5
        
          
        
        400000.00000000
        PA
        USD
        473890.20000000
        0.072889574164
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-06-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/2035
        59447TSH7
        
          
        
        1000000.00000000
        PA
        USD
        1163826.00000000
        0.179009360273
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 12/1/2049
        59447TXH1
        
          
        
        7000000.00000000
        PA
        USD
        7221511.50000000
        1.110748646121
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2049-12-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2029 AMT
        944514RK6
        
          
        
        720000.00000000
        PA
        USD
        764915.62000000
        0.117652514894
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FLINT MI HOSP BLDG AUTH REV
        N/A
        FLINT MI BLDG 4% 7/1/2041
        339511EY9
        
          
        
        1395000.00000000
        PA
        USD
        1470472.01000000
        0.226174921173
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2041-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MACOMB INTERCEPTOR DRAIN DRAINAGE DISTRICT
        N/A
        MACOMB INTERCEP 5% 5/1/2033
        55539PCM8
        
          
        
        2100000.00000000
        PA
        USD
        2377699.38000000
        0.365716563245
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2033-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 4% 6/1/2040
        59447TL68
        
          
        
        2000000.00000000
        PA
        USD
        2095244.00000000
        0.322271789817
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-06-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 4% 12/1/2036
        594479EB9
        
          
        
        790000.00000000
        PA
        USD
        848371.36000000
        0.130488934280
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-12-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2035 @
        373695AR6
        
          
        
        850000.00000000
        PA
        USD
        994280.87000000
        0.152931436890
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WALLED LAKE MI CONS SCH DIST
        N/A
        WALLD LKE MI SD 5% 5/1/2047
        932423WT9
        
          
        
        1500000.00000000
        PA
        USD
        1745432.55000000
        0.268466904997
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/47@
        944514XQ6
        
          
        
        450000.00000000
        PA
        USD
        490386.74000000
        0.075426925170
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2047-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI DOWNTOWN DEV AUTH TAX
        N/A
        DETROIT DWNTWN 5% 7/1/2034
        251135GL7
        
          
        
        1750000.00000000
        PA
        USD
        1848286.48000000
        0.284286981375
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2034-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 12/1/2042
        59447TQU0
        
          
        
        2120000.00000000
        PA
        USD
        2372310.10000000
        0.364887632146
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2042-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/28
        958638VG0
        
          
        
        2505000.00000000
        PA
        USD
        2702196.36000000
        0.415627801523
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/26
        958638VE5
        
          
        
        1000000.00000000
        PA
        USD
        1083421.60000000
        0.166642270856
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2026-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2038
        944514C22
        
          
        
        1250000.00000000
        PA
        USD
        1454401.00000000
        0.223703021405
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        LANSING MICH BRD WTR and LT UTIL SYS REV
        N/A
        LANSING MI WTR 5% 7/1/2025
        516391CL1
        
          
        
        375000.00000000
        PA
        USD
        410421.60000000
        0.063127398819
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2025-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV
        N/A
        GREAT LAKES WTR 5.25% 7/1/2035
        39081JAS7
        
          
        
        2000000.00000000
        PA
        USD
        2245244.40000000
        0.345343516729
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-07-01
          Fixed
          0.05250000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 4% MT@
        594698SR4
        
          
        
        5000000.00000000
        PA
        USD
        5230058.50000000
        0.804441064452
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2061-10-01
          Variable
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/15/2028
        59447TMD2
        
          
        
        2655000.00000000
        PA
        USD
        2946909.29000000
        0.453267367103
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MARQUETTE MI LT and PWR ELEC UTIL
        N/A
        MARQUETTE LTPWR 5% 7/1/32
        571498CU6
        
          
        
        1000000.00000000
        PA
        USD
        1114271.00000000
        0.171387251084
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU 5% 11/1/2032
        59447TSE4
        
          
        
        1000000.00000000
        PA
        USD
        1170678.90000000
        0.180063412378
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-11-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAGINAW MI HOSP FIN AUTH HOSP
        N/A
        SAGINAW HOSP 4% 7/1/2037
        786744JC7
        
          
        
        820000.00000000
        PA
        USD
        889954.53000000
        0.136884887506
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-07-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NOVI COMM SCHL MI
        N/A
        NOVI MI CSD 5% 5/1/2044
        670029VU8
        
          
        
        1175000.00000000
        PA
        USD
        1386803.15000000
        0.213305721565
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN ST STRATEGIC FD LTD OBLIG REV
        N/A
        MI STRAT FND 1.35% 8/1/2029
        594698SP8
        
          
        
        2000000.00000000
        PA
        USD
        1788660.20000000
        0.275115797506
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-08-01
          Fixed
          0.01350000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WALLED LAKE MI CONS SCH DIST
        N/A
        WALLD LKE MI SD 5% 5/1/2036
        932423UW4
        
          
        
        1050000.00000000
        PA
        USD
        1248693.18000000
        0.192062874802
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH LTD OBLIG REV
        54930022O46HOX5J1D14
        MI FIN AUTH LTD 4% 2/1/2027
        594479HM2
        
          
        
        185000.00000000
        PA
        USD
        191764.04000000
        0.029495438427
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-02-01
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FARMINGTON MICH PUB SCH DIST
        N/A
        FARMINGTON PUBI 5% 5/1/27
        311261SV4
        
          
        
        1425000.00000000
        PA
        USD
        1550493.91000000
        0.238483177843
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2027-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH REV
        N/A
        MI FIN AUTH 5% 11/15/2024
        59447PQN4
        
          
        
        660000.00000000
        PA
        USD
        673214.85000000
        0.103547918352
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2024-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROCKFORD MI PUB SCH DIST UTGO
        N/A
        ROCKFRD MI SCH 5% 5/1/2044
        773318VY3
        
          
        
        3100000.00000000
        PA
        USD
        3552309.22000000
        0.546384597839
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2044-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI SAN SWR SYS
        N/A
        GRAND RAPID SWR 5% 1/1/37
        386289LC4
        
          
        
        1250000.00000000
        PA
        USD
        1371057.50000000
        0.210883865777
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND RAPIDS MI WTR SUPPLY SYS
        N/A
        GRAND RAPID WTR 5% 1/1/31
        386316MY6
        
          
        
        250000.00000000
        PA
        USD
        275344.98000000
        0.042351114964
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2031-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MICHIGAN FIN AUTH RE
        N/A
        MICHIGAN FIN AU(MCLAREN HLTHCRE) 4% 2/15/50
        59447TVE0
        
          
        
        4000000.00000000
        PA
        USD
        4226514.80000000
        0.650084901466
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2050-02-15
          Fixed
          0.04000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2040
        958638XY9
        
          
        
        635000.00000000
        PA
        USD
        750210.97000000
        0.115390776464
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2040-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI
        N/A
        DETROIT MI 5.50% 4/1/2035
        2510934H0
        
          
        
        690000.00000000
        PA
        USD
        785312.74000000
        0.120789818410
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2035-04-01
          Fixed
          0.05500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BATTLE CREEK MI SCH DIST
        N/A
        BATTLECREEK SCD MI 5% 5/1/2036
        071446BS6
        
          
        
        1500000.00000000
        PA
        USD
        1652557.35000000
        0.254181668083
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2036
        958638XU7
        
          
        
        400000.00000000
        PA
        USD
        476164.72000000
        0.073239420593
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2036-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WARREN MI CSD
        N/A
        WARREN MI CSD 5% 5/1/2037
        935341K48
        
          
        
        1300000.00000000
        PA
        USD
        1473348.50000000
        0.226617357272
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-05-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES SEWER AUTH MICH
        N/A
        GT LAKES SEW MI 5% 7/1/2048
        39081HBT8
        
          
        
        5000000.00000000
        PA
        USD
        5651884.50000000
        0.869322586609
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2048-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV
        N/A
        GREAT LAKES WTR 5% 7/1/2049
        39081JDK1
        
          
        
        1300000.00000000
        PA
        USD
        1489120.10000000
        0.229043204457
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2049-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV
        N/A
        PR AFICA HOSP 5% 7/1/2030
        74527EFL7
        
          
        
        485000.00000000
        PA
        USD
        560903.08000000
        0.086273121176
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2030-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DETROIT MI DOWNTOWN DEV AUTH TAX
        N/A
        DETROIT DWNTWN 5% 7/1/2029
        251135GF0
        
          
        
        1340000.00000000
        PA
        USD
        1416765.65000000
        0.217914286726
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2029-07-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GERALD R FORD INTL ARPT AUTH MICH REV
        N/A
        GERALD R FORD I 5% 1/1/2032 @
        373695AN5
        
          
        
        725000.00000000
        PA
        USD
        857649.12000000
        0.131915956775
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2032-01-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WESTERN MI UNIV REVS
        N/A
        WESTRN MI UNIV 5% 11/15/2028
        958638UL0
        
          
        
        650000.00000000
        PA
        USD
        693342.98000000
        0.106643848221
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2028-11-15
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        WAYNE CNTY MICH ARPT AUTH REV
        N/A
        WAYNE CO MI AAR 5% 12/1/2037 @
        944514E53
        
          
        
        1520000.00000000
        PA
        USD
        1742768.62000000
        0.268057162987
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2037-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GRAND VALLEY MI ST UNIV REV
        N/A
        GRAND VLY MI UN 5% 12/1/2038
        386545MS3
        
          
        
        875000.00000000
        PA
        USD
        1002394.23000000
        0.154179361737
        Long
        DBT
        MUN
        US
        N
        
        2
        
          2038-12-01
          Fixed
          0.05000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      2022-04-30
      Laura M. Del Prato
      Laura M. Del Prato
      Laura M. Del Prato
      President and Treasurer
    
  
  XXXX



Quarterly Holdings Report
for
Fidelity® Michigan Municipal Income Fund
March 31, 2022
MIR-NPRT1-0522
1.814644.117
Municipal Bonds - 96.2%
 
 
Principal
Amount (a)
 
Value ($)
 
Guam - 0.3%
 
 
 
Guam Int'l. Arpt. Auth. Rev. Series 2013 C:
 
 
 
 6.25% 10/1/34 (b)
 
600,000
630,349
 6.25% 10/1/34 (Pre-Refunded to 10/1/23 @ 100) (b)
 
400,000
425,526
Guam Pwr. Auth. Rev. Series 2012 A, 5% 10/1/23 (Assured Guaranty Muni. Corp. Insured)
 
1,175,000
1,191,978
TOTAL GUAM
 
 
2,247,853
Michigan - 95.4%
 
 
 
Battle Creek School District Series 2016:
 
 
 
 5% 5/1/36
 
1,500,000
1,652,557
 5% 5/1/37
 
1,175,000
1,292,103
Bay City School District Rev. Series 2014:
 
 
 
 5% 11/1/26
 
1,000,000
1,061,741
 5% 11/1/27
 
700,000
742,630
 5% 11/1/28
 
250,000
265,172
Bloomfield Hills Schools District Series 2020, 4% 5/1/50
 
1,500,000
1,609,903
Chippewa Valley Schools Series 2016 A:
 
 
 
 5% 5/1/32
 
1,000,000
1,100,885
 5% 5/1/33
 
1,000,000
1,099,796
 5% 5/1/34
 
1,075,000
1,180,722
 5% 5/1/35
 
775,000
849,816
Clarkston Cmnty. Schools Series 2016:
 
 
 
 5% 5/1/28 (Pre-Refunded to 5/1/25 @ 100)
 
1,745,000
1,900,855
 5% 5/1/29 (Pre-Refunded to 5/1/25 @ 100)
 
1,500,000
1,633,973
Detroit Downtown Dev. Auth. Tax:
 
 
 
 Series 1, 5% 7/1/22 (Assured Guaranty Muni. Corp. Insured)
 
500,000
504,707
 Series A:
 
 
 
5% 7/1/29 (Assured Guaranty Muni. Corp. Insured)
 
 
1,340,000
1,416,766
5% 7/1/31 (Assured Guaranty Muni. Corp. Insured)
 
 
1,775,000
1,875,887
5% 7/1/33 (Assured Guaranty Muni. Corp. Insured)
 
 
2,000,000
2,112,777
5% 7/1/34 (Assured Guaranty Muni. Corp. Insured)
 
 
1,750,000
1,848,286
5% 7/1/35 (Assured Guaranty Muni. Corp. Insured)
 
 
2,750,000
2,903,215
5% 7/1/37 (Assured Guaranty Muni. Corp. Insured)
 
 
2,000,000
2,110,531
Detroit Gen. Oblig.:
 
 
 
 Series 2018:
 
 
 
5% 4/1/22
 
 
725,000
725,000
5% 4/1/23
 
 
310,000
317,489
 Series 2020:
 
 
 
5.5% 4/1/35
 
 
690,000
785,313
5.5% 4/1/36
 
 
435,000
494,679
5.5% 4/1/37
 
 
465,000
528,246
5.5% 4/1/38
 
 
490,000
555,845
 Series 2021 A:
 
 
 
5% 4/1/37
 
 
1,875,000
2,047,753
5% 4/1/39
 
 
1,210,000
1,317,273
Detroit Swr. Disp. Rev.:
 
 
 
 Series 2001 B, 5.5% 7/1/29 (Assured Guaranty Corp. Insured) (FGIC Insured)
 
25,000
28,474
 Series 2006, 5% 7/1/36
 
10,000
10,031
Downriver Util. Wastewtr. Auth. Swr. Sys. Rev. Series 2018:
 
 
 
 5% 4/1/33 (Assured Guaranty Muni. Corp. Insured)
 
735,000
848,662
 5% 4/1/34 (Assured Guaranty Muni. Corp. Insured)
 
520,000
599,211
 5% 4/1/35 (Assured Guaranty Muni. Corp. Insured)
 
500,000
575,060
Farmington Pub. School District Gen. Oblig.:
 
 
 
 Series 2015:
 
 
 
5% 5/1/26 (Assured Guaranty Muni. Corp. Insured)
 
 
1,385,000
1,511,302
5% 5/1/27 (Assured Guaranty Muni. Corp. Insured)
 
 
1,425,000
1,550,494
 Series 2020, 4% 5/1/40
 
3,000,000
3,270,574
Fitzgerald Pub. School District Series 2019, 5% 5/1/37
 
1,260,000
1,462,936
Flint Hosp. Bldg. Auth. Rev. Series 2020:
 
 
 
 4% 7/1/38
 
1,800,000
1,905,720
 4% 7/1/41
 
1,395,000
1,470,472
Fraser Pub. School District Series 2006 B, 5% 5/1/29
 
1,455,000
1,582,228
Gerald R. Ford Int'l. Arpt. Auth. Rev. Series 2021:
 
 
 
 5% 1/1/26 (b)
 
225,000
247,300
 5% 1/1/27 (b)
 
325,000
364,194
 5% 1/1/28 (b)
 
235,000
266,870
 5% 1/1/29 (b)
 
525,000
603,710
 5% 1/1/30 (b)
 
425,000
493,854
 5% 1/1/31 (b)
 
725,000
850,439
 5% 1/1/32 (b)
 
725,000
857,649
 5% 1/1/33 (b)
 
1,000,000
1,177,810
 5% 1/1/34 (b)
 
1,000,000
1,173,155
 5% 1/1/35 (b)
 
850,000
994,281
 5% 1/1/36 (b)
 
600,000
699,991
 5% 1/1/37 (b)
 
700,000
815,436
 5% 1/1/38 (b)
 
1,170,000
1,360,588
 5% 1/1/39 (b)
 
1,000,000
1,160,904
 5% 1/1/40 (b)
 
1,000,000
1,158,952
 5% 1/1/41 (b)
 
1,100,000
1,272,920
 5% 1/1/46 (b)
 
2,000,000
2,286,093
 5% 1/1/51 (b)
 
3,000,000
3,413,855
Grand Rapids Pub. Schools:
 
 
 
 Series 2017, 5% 5/1/29 (Assured Guaranty Muni. Corp. Insured)
 
480,000
540,527
 Series 2019:
 
 
 
5% 11/1/39 (Assured Guaranty Muni. Corp. Insured)
 
 
1,200,000
1,384,548
5% 11/1/41 (Assured Guaranty Muni. Corp. Insured)
 
 
1,300,000
1,496,246
5% 11/1/42 (Assured Guaranty Muni. Corp. Insured)
 
 
1,400,000
1,607,841
Grand Rapids San. Swr. Sys. Rev.:
 
 
 
 Series 2018:
 
 
 
5% 1/1/31
 
 
475,000
548,338
5% 1/1/33
 
 
250,000
287,963
5% 1/1/34
 
 
550,000
632,231
5% 1/1/35
 
 
400,000
458,713
5% 1/1/38
 
 
655,000
746,052
 Series 2016, 5% 1/1/37
 
1,250,000
1,371,058
Grand Rapids Wtr. Supply Sys. Series 2016:
 
 
 
 5% 1/1/31
 
250,000
275,345
 5% 1/1/32
 
320,000
352,199
 5% 1/1/33
 
550,000
604,718
 5% 1/1/34
 
500,000
549,177
 5% 1/1/35
 
920,000
1,009,098
 5% 1/1/36
 
385,000
421,561
 5% 1/1/46
 
800,000
863,145
Grand Traverse County Hosp. Fin. Auth.:
 
 
 
 Series 2014 A, 5% 7/1/47
 
1,400,000
1,479,888
 Series 2019 A:
 
 
 
5% 7/1/44
 
 
1,110,000
1,259,195
5% 7/1/49
 
 
2,615,000
2,951,138
 Series 2021, 4% 7/1/22
 
500,000
503,603
Grand Valley Michigan State Univ. Rev.:
 
 
 
 Series 2014 B:
 
 
 
5% 12/1/25
 
 
500,000
537,065
5% 12/1/26
 
 
1,900,000
2,036,768
5% 12/1/28
 
 
1,800,000
1,928,604
 Series 2018:
 
 
 
5% 12/1/34
 
 
1,075,000
1,236,183
5% 12/1/35
 
 
1,225,000
1,407,549
5% 12/1/37
 
 
1,375,000
1,577,179
5% 12/1/38
 
 
875,000
1,002,394
5% 12/1/43
 
 
1,400,000
1,597,402
Grandville Pub. Schools District Series 2020:
 
 
 
 4% 5/1/39 (Assured Guaranty Muni. Corp. Insured)
 
1,000,000
1,085,766
 4% 5/1/40 (Assured Guaranty Muni. Corp. Insured)
 
1,300,000
1,410,382
Great Lakes Wtr. Auth. Sew Disp. Sys.:
 
 
 
 Series 2016 B, 5% 7/1/27
 
15,000
16,818
 Series 2016 C, 5% 7/1/31
 
7,000,000
7,766,886
 Series 2018 A:
 
 
 
5% 7/1/43
 
 
10,000,000
11,371,944
5% 7/1/48
 
 
5,000,000
5,651,885
 Series 2018 B:
 
 
 
5% 7/1/28
 
 
1,125,000
1,307,290
5% 7/1/29
 
 
15,000
17,675
Great Lakes Wtr. Auth. Wtr. Supply Sys. Rev.:
 
 
 
 Series 2016 C, 5.25% 7/1/35
 
2,000,000
2,245,244
 Series 2020 B:
 
 
 
5% 7/1/45
 
 
1,850,000
2,136,377
5% 7/1/49
 
 
1,300,000
1,489,120
Grosse Pointe Pub. School Sys. Series 2019:
 
 
 
 5% 5/1/38
 
1,000,000
1,152,518
 5% 5/1/39
 
1,000,000
1,151,001
Hudsonville Pub. Schools:
 
 
 
 Series 2013, 4% 5/1/25
 
500,000
512,517
 Series 2017:
 
 
 
5% 5/1/31
 
 
430,000
489,075
5% 5/1/32
 
 
1,200,000
1,363,005
5% 5/1/34
 
 
1,000,000
1,133,265
5% 5/1/35
 
 
1,000,000
1,131,212
Ingham, Eaton and Clinton Counties Lansing School District Series II:
 
 
 
 5% 5/1/23
 
430,000
445,046
 5% 5/1/24
 
355,000
376,769
Kalamazoo Hosp. Fin. Auth. Hosp. Facilities Rev. Series 2016:
 
 
 
 4% 5/15/36
 
1,985,000
2,072,362
 4% 5/15/36 (Pre-Refunded to 5/15/26 @ 100)
 
15,000
16,132
 5% 5/15/28
 
775,000
861,866
 5% 5/15/28 (Pre-Refunded to 5/15/26 @ 100)
 
5,000
5,573
 5% 5/15/30
 
4,970,000
5,518,778
 5% 5/15/30 (Pre-Refunded to 5/15/26 @ 100)
 
30,000
33,440
Kentwood Econ. Dev. Corp.:
 
 
 
 Series 2021, 4% 11/15/45
 
500,000
504,760
 Series 2022:
 
 
 
4% 11/15/31
 
 
1,000,000
1,038,841
4% 11/15/43
 
 
2,250,000
2,282,203
Lansing Board of Wtr. & Lt. Util. Rev.:
 
 
 
 Bonds Series 2021 B, 2%, tender 7/1/26 (c)
 
2,000,000
2,000,006
 Series 2019 A:
 
 
 
5% 7/1/22
 
 
230,000
232,211
5% 7/1/23
 
 
340,000
353,700
5% 7/1/24
 
 
375,000
400,217
5% 7/1/25
 
 
375,000
410,422
Lansing Cmnty. College:
 
 
 
 Series 2012, 5% 5/1/25
 
350,000
351,078
 Series 2019, 5% 5/1/44
 
3,000,000
3,427,347
Lincoln Consolidated School District Series 2016 A:
 
 
 
 5% 5/1/28
 
2,025,000
2,253,450
 5% 5/1/29
 
1,430,000
1,585,419
 5% 5/1/31
 
500,000
551,262
 5% 5/1/32
 
1,000,000
1,102,114
Lowell Area Schools Series I:
 
 
 
 5% 5/1/47
 
1,500,000
1,733,357
 5% 5/1/49
 
1,750,000
2,020,482
Macomb Interceptor Drain Drainage District Series 2017 A:
 
 
 
 5% 5/1/33
 
2,100,000
2,377,699
 5% 5/1/34
 
1,750,000
1,981,416
Marquette Board Lt. & Pwr. Elec. Util. Sys. Rev. Series 2016 A:
 
 
 
 5% 7/1/29
 
780,000
869,131
 5% 7/1/30
 
900,000
1,002,457
 5% 7/1/31
 
780,000
868,461
 5% 7/1/32
 
1,000,000
1,114,271
 5% 7/1/33
 
705,000
785,561
Michigan Bldg. Auth. Rev.:
 
 
 
 (Facilities Prog.):
 
 
 
Series 2015 1, 5% 10/15/50
 
 
7,250,000
7,798,627
Series I, 3% 10/15/45
 
 
6,000,000
5,701,031
 Series I, 5% 4/15/38
 
3,000,000
3,269,254
Michigan Fin. Auth. Rev.:
 
 
 
 (Charter County of Wayne Criminal Justice Ctr. Proj.) Series 2018:
 
 
 
5% 11/1/30
 
 
1,000,000
1,173,821
5% 11/1/31
 
 
750,000
879,241
5% 11/1/32
 
 
1,000,000
1,170,679
5% 11/1/33
 
 
3,250,000
3,795,701
5% 11/1/35
 
 
1,000,000
1,163,826
5% 11/1/36
 
 
1,250,000
1,451,099
5% 11/1/37
 
 
1,500,000
1,740,668
5% 11/1/38
 
 
1,595,000
1,848,598
 (Detroit Wtr. And Sewerage Dept. Sewage Disp. Sys. Rev. And Rev. Rfdg. Local Proj. Bonds):
 
 
 
Series 2014 C, 5% 7/1/25 (Assured Guaranty Muni. Corp. Insured)
 
 
1,850,000
1,978,197
Series 2014 C3, 5% 7/1/30 (Assured Guaranty Muni. Corp. Insured)
 
 
6,000,000
6,381,663
 (Detroit Wtr. And Sewerage Dept. Wtr. Supply Sys. Rev. Rfdg. Local Proj. Bonds) Series 2015, 5% 7/1/30
 
10,000
10,862
 (Henry Ford Health Sys. Proj.) Series 2016, 5% 11/15/24
 
2,940,000
3,151,517
 (Holland Cmnty. Hosp. Proj.) Series 2013 A:
 
 
 
5% 1/1/33
 
 
1,250,000
1,279,490
5% 1/1/40
 
 
3,000,000
3,070,777
 (Kalamazoo College Proj.) Series 2018:
 
 
 
4% 12/1/36
 
 
790,000
848,371
4% 12/1/47
 
 
2,610,000
2,761,549
 (Local Govt. Ln. Prog.) Series 2014 D, 5% 7/1/37 (Assured Guaranty Muni. Corp. Insured)
 
1,000,000
1,057,513
 (Trinity Health Proj.) Series 2017:
 
 
 
5% 12/1/30
 
 
710,000
804,454
5% 12/1/37
 
 
3,270,000
3,679,265
5% 12/1/42
 
 
2,120,000
2,372,310
 Bonds:
 
 
 
Series 2015 D2, 1.2%, tender 4/13/28 (c)
 
 
3,000,000
2,720,603
Series 2016 E1, 4%, tender 8/15/24 (c)
 
 
1,355,000
1,413,804
Series 2019 MI2, 5%, tender 2/1/25 (c)
 
 
5,000,000
5,395,963
 Series 2012 A, 5% 6/1/27 (Pre-Refunded to 6/1/22 @ 100)
 
125,000
125,800
 Series 2012:
 
 
 
5% 11/15/24
 
 
660,000
673,215
5% 11/15/26
 
 
800,000
815,720
5% 11/1/42
 
 
2,000,000
2,038,635
5% 11/15/42
 
 
3,120,000
3,173,976
 Series 2013, 5% 8/15/30
 
4,105,000
4,271,628
 Series 2014 H1:
 
 
 
5% 10/1/25
 
 
2,250,000
2,416,928
5% 10/1/39
 
 
4,725,000
5,054,084
 Series 2015 C:
 
 
 
5% 7/1/26
 
 
570,000
622,338
5% 7/1/27
 
 
1,465,000
1,599,036
5% 7/1/28
 
 
1,500,000
1,633,789
5% 7/1/35
 
 
2,100,000
2,266,065
 Series 2015 D1:
 
 
 
5% 7/1/34
 
 
1,250,000
1,353,725
5% 7/1/35
 
 
505,000
546,576
 Series 2015 D2, 5% 7/1/34
 
1,000,000
1,080,052
 Series 2016 A, 5% 11/1/44
 
6,190,000
6,707,578
 Series 2016:
 
 
 
5% 11/15/28
 
 
2,655,000
2,946,909
5% 1/1/29
 
 
1,000,000
1,094,964
5% 11/15/29
 
 
2,950,000
3,271,625
5% 1/1/30
 
 
1,000,000
1,090,835
5% 1/1/31
 
 
1,170,000
1,273,215
5% 1/1/32
 
 
1,895,000
2,058,639
5% 1/1/33
 
 
1,915,000
2,078,227
5% 1/1/34
 
 
2,135,000
2,315,390
5% 11/15/34
 
 
1,135,000
1,253,529
5% 11/15/41
 
 
11,710,000
12,874,003
 Series 2019 A:
 
 
 
4% 12/1/49
 
 
7,000,000
7,221,512
4% 2/15/50
 
 
4,000,000
4,226,515
5% 11/15/48
 
 
9,865,000
11,168,665
5% 5/15/54
 
 
1,000,000
1,098,008
 Series 2019 MI1, 5% 12/1/48
 
2,000,000
2,255,879
 Series 2020 A:
 
 
 
4% 6/1/35
 
 
2,000,000
2,116,128
4% 6/1/37
 
 
2,000,000
2,108,712
4% 6/1/40
 
 
2,000,000
2,095,244
4% 6/1/49
 
 
4,250,000
4,337,686
 Series 2020:
 
 
 
4% 11/1/55
 
 
2,500,000
2,653,213
5% 6/1/40
 
 
3,000,000
3,338,233
 Series 2021, 5% 9/1/38
 
1,270,000
1,465,170
 Series 2022:
 
 
 
4% 2/1/27
 
 
185,000
191,764
4% 2/1/32
 
 
285,000
295,991
4% 2/1/42
 
 
745,000
748,461
4% 12/1/46
 
 
1,725,000
1,718,858
4% 12/1/51
 
 
1,100,000
1,084,973
Michigan Gen. Oblig. Series 2020 A, 4% 5/15/40
 
500,000
549,870
Michigan Hosp. Fin. Auth. Rev.:
 
 
 
 Series 2010 F, 4% 11/15/47
 
290,000
300,250
 Series 2010 F4, 5% 11/15/47
 
5,050,000
5,792,065
 Series 2016:
 
 
 
5% 11/15/46
 
 
3,500,000
3,878,366
5% 11/15/47
 
 
18,000,000
19,929,319
Michigan Hsg. Dev. Auth. Rental Hsg. Rev. Series 2020 A1, 0.65% 10/1/24
 
475,000
456,175
Michigan Hsg. Dev. Auth. Single Family Mtg. Rev.:
 
 
 
 Series 2019 B, 3.75% 6/1/50
 
3,285,000
3,373,540
 Series 2020 C, 3% 6/1/51
 
3,465,000
3,482,765
 Series 2021 A, 3% 6/1/52
 
3,490,000
3,506,708
 Series A:
 
 
 
3.5% 12/1/50
 
 
2,790,000
2,850,811
4% 12/1/48
 
 
1,335,000
1,375,801
 Series C, 4.25% 6/1/49
 
2,915,000
3,029,578
Michigan State Hsg. Dev. Auth. Series 2021 A, 0.55% 4/1/25
 
2,750,000
2,624,883
Michigan State Univ. Revs.:
 
 
 
 Series 2019 B, 5% 2/15/48
 
3,000,000
3,400,553
 Series 2019 C, 4% 2/15/44
 
1,500,000
1,604,677
Michigan Strategic Fund Ltd. Oblig. Rev.:
 
 
 
 (I-75 Impt. Proj.):
 
 
 
Series 2017, 5% 6/30/25 (b)
 
 
1,100,000
1,175,570
Series 2018:
 
 
 
 
4.25% 12/31/38 (Assured Guaranty Muni. Corp. Insured) (b)
 
 
840,000
886,618
5% 12/31/25 (b)
 
 
1,260,000
1,358,522
5% 12/31/26 (b)
 
 
425,000
464,845
 (The Detroit Edison Co. Exempt Facilities Proj.) Series 2008 ET2, 1.35% 8/1/29
 
2,000,000
1,788,660
 (The Detroit Edison Co. Poll. Cont. Bonds Proj.) Series 1995 CC, 1.45% 9/1/30
 
2,000,000
1,750,172
 Bonds:
 
 
 
(Consumer Energy Co. Proj.) Series 2019, 1.8%, tender 10/1/24 (b)(c)
 
 
6,000,000
5,999,363
(Graphic Packaging Int'l., LLC Coated Recycled Board Machine Proj.) Series 2021, 4%, tender 10/1/26 (b)(c)
 
 
5,000,000
5,230,059
 Series 2020:
 
 
 
4% 5/15/27
 
 
860,000
900,885
5% 5/15/44
 
 
1,500,000
1,620,005
Michigan Technological Univ. Series 2021, 4% 10/1/46
 
2,835,000
3,047,607
Northern Michigan Univ. Revs. Series 2021:
 
 
 
 4% 6/1/39
 
900,000
974,924
 4% 6/1/40
 
500,000
540,315
 4% 6/1/41
 
1,385,000
1,494,458
 4% 6/1/46
 
1,850,000
1,975,319
 5% 6/1/32
 
375,000
448,029
 5% 6/1/33
 
365,000
433,954
 5% 6/1/34
 
375,000
445,243
 5% 6/1/35
 
375,000
444,377
 5% 6/1/36
 
400,000
473,890
 5% 6/1/37
 
675,000
798,297
Novi Cmnty. School District Series I:
 
 
 
 5% 5/1/43
 
1,150,000
1,359,616
 5% 5/1/44
 
1,175,000
1,386,803
Oakland Macomb Intercepto Series 2020 A, 5% 7/1/29
 
1,500,000
1,764,179
Oakland Univ. Rev.:
 
 
 
 Series 2012:
 
 
 
5% 3/1/24
 
 
1,170,000
1,173,227
5% 3/1/25
 
 
1,225,000
1,228,604
5% 3/1/26
 
 
1,290,000
1,293,786
 Series 2013 A:
 
 
 
5% 3/1/25
 
 
995,000
1,024,720
5% 3/1/27
 
 
815,000
839,344
5% 3/1/38
 
 
2,900,000
2,986,622
 Series 2014:
 
 
 
5% 3/1/28
 
 
335,000
353,127
5% 3/1/29
 
 
525,000
553,407
5% 3/1/39
 
 
3,000,000
3,141,038
 Series 2016:
 
 
 
5% 3/1/28
 
 
1,150,000
1,266,779
5% 3/1/41
 
 
3,475,000
3,797,900
 Series 2022 B:
 
 
 
5% 3/1/36 (d)
 
 
1,135,000
1,256,464
5% 3/1/37 (d)
 
 
1,265,000
1,398,612
Portage Pub. Schools:
 
 
 
 Series 2016:
 
 
 
5% 11/1/32
 
 
2,500,000
2,770,682
5% 11/1/34
 
 
1,250,000
1,382,769
5% 11/1/35
 
 
1,300,000
1,436,478
5% 11/1/39
 
 
755,000
828,706
 Series 2019, 4% 11/1/38
 
2,000,000
2,179,364
 Series 2021, 4% 11/1/42
 
1,000,000
1,099,104
Ravenna Pub. Schools Gen. Oblig. Series 2021, 4% 5/1/51
 
2,140,000
2,294,874
Rochester Cmnty. School District Series I, 5% 5/1/31
 
1,500,000
1,664,883
Rockford Pub. Schools Gen. Oblig. Series 2019 I:
 
 
 
 5% 5/1/42
 
3,050,000
3,498,563
 5% 5/1/44
 
3,100,000
3,552,309
Roseville Cmnty. Schools:
 
 
 
 Series 2014, 5% 5/1/24
 
780,000
827,174
 Series 2015, 5% 5/1/24
 
570,000
604,473
Royal Oak Hosp. Fin. Auth. Hosp. Rev. Series 2014 D:
 
 
 
 5% 9/1/26
 
1,000,000
1,052,762
 5% 9/1/27
 
1,175,000
1,236,543
 5% 9/1/28
 
1,870,000
1,967,227
Saginaw City School District Series 2021, 4% 5/1/47
 
3,000,000
3,202,325
Saginaw Hosp. Fin. Auth. Hosp. Rev. Series 2020 J:
 
 
 
 4% 7/1/36
 
770,000
836,389
 4% 7/1/37
 
820,000
889,955
 4% 7/1/39
 
1,430,000
1,545,030
 4% 7/1/40
 
490,000
527,873
Walled Lake Consolidated School District:
 
 
 
 Series 2020, 5% 5/1/36
 
1,050,000
1,248,693
 Series 2022, 5% 5/1/47 (d)
 
1,500,000
1,745,433
Warren Consolidated School District:
 
 
 
 Series 2016:
 
 
 
5% 5/1/23
 
 
810,000
838,431
5% 5/1/34
 
 
5,630,000
6,246,538
5% 5/1/35
 
 
1,250,000
1,384,826
 Series 2017:
 
 
 
4% 5/1/23 (Assured Guaranty Muni. Corp. Insured)
 
 
750,000
768,371
4% 5/1/24 (Assured Guaranty Muni. Corp. Insured)
 
 
750,000
777,865
4% 5/1/25 (Assured Guaranty Muni. Corp. Insured)
 
 
500,000
525,839
 Series 2018:
 
 
 
5% 5/1/30
 
 
550,000
628,139
5% 5/1/32
 
 
1,100,000
1,253,791
5% 5/1/34
 
 
1,175,000
1,335,468
5% 5/1/35
 
 
1,200,000
1,362,711
5% 5/1/36
 
 
1,000,000
1,134,216
5% 5/1/37
 
 
1,300,000
1,473,349
5% 5/1/38
 
 
800,000
905,621
Wayne County Arpt. Auth. Rev.:
 
 
 
 Series 2012 A, 5% 12/1/23
 
2,300,000
2,347,511
 Series 2012 B, 5% 12/1/32 (b)
 
1,500,000
1,525,872
 Series 2014 C:
 
 
 
5% 12/1/29 (b)
 
 
720,000
764,916
5% 12/1/31 (b)
 
 
860,000
911,372
5% 12/1/34 (b)
 
 
1,655,000
1,752,549
 Series 2015 D, 5% 12/1/40 (Assured Guaranty Muni. Corp. Insured)
 
8,165,000
8,924,731
 Series 2015 G:
 
 
 
5% 12/1/35
 
 
5,435,000
5,946,712
5% 12/1/36
 
 
5,760,000
6,291,718
 Series 2017 A:
 
 
 
5% 12/1/37
 
 
545,000
605,462
5% 12/1/42
 
 
1,455,000
1,603,601
 Series 2017 B, 5% 12/1/47 (b)
 
450,000
490,387
 Series 2018 B, 5% 12/1/48 (b)
 
5,000,000
5,490,247
 Series 2018 D:
 
 
 
5% 12/1/30 (b)
 
 
4,365,000
4,917,788
5% 12/1/31 (b)
 
 
2,825,000
3,169,973
5% 12/1/32 (b)
 
 
2,945,000
3,294,258
 Series 2021 A:
 
 
 
5% 12/1/36
 
 
1,000,000
1,170,572
5% 12/1/37
 
 
1,500,000
1,748,282
5% 12/1/38
 
 
1,250,000
1,454,401
5% 12/1/39
 
 
1,500,000
1,742,312
 Series 2021 B:
 
 
 
5% 12/1/35 (b)
 
 
1,225,000
1,407,828
5% 12/1/37 (b)
 
 
1,520,000
1,742,769
5% 12/1/46 (b)
 
 
1,280,000
1,436,967
Wayne State Univ. Revs. Series 2019 A:
 
 
 
 4% 11/15/38
 
1,000,000
1,077,932
 4% 11/15/39
 
800,000
861,109
West Ottawa Pub. School District Series 2014 1:
 
 
 
 5% 5/1/30 (Pre-Refunded to 5/1/24 @ 100)
 
725,000
770,983
 5% 5/1/32 (Pre-Refunded to 5/1/24 @ 100)
 
500,000
531,712
 5% 5/1/34 (Pre-Refunded to 5/1/24 @ 100)
 
900,000
957,082
 5% 5/1/35 (Pre-Refunded to 5/1/24 @ 100)
 
250,000
265,856
Western Michigan Univ. Rev.:
 
 
 
 Series 2014:
 
 
 
5% 11/15/25
 
 
320,000
343,022
5% 11/15/26
 
 
400,000
428,356
5% 11/15/28
 
 
650,000
693,343
5% 11/15/29
 
 
750,000
799,814
5% 11/15/30
 
 
855,000
912,013
5% 11/15/31
 
 
700,000
746,677
 Series 2015 A:
 
 
 
5% 11/15/26
 
 
1,000,000
1,083,422
5% 11/15/28
 
 
2,505,000
2,702,196
 Series 2019 A, 5% 11/15/44
 
2,000,000
2,292,572
 Series 2021 A:
 
 
 
5% 11/15/27 (Assured Guaranty Muni. Corp. Insured)
 
 
300,000
344,081
5% 11/15/30 (Assured Guaranty Muni. Corp. Insured)
 
 
200,000
239,511
5% 11/15/31 (Assured Guaranty Muni. Corp. Insured)
 
 
150,000
180,066
5% 11/15/32 (Assured Guaranty Muni. Corp. Insured)
 
 
300,000
359,464
5% 11/15/34 (Assured Guaranty Muni. Corp. Insured)
 
 
400,000
477,907
5% 11/15/36 (Assured Guaranty Muni. Corp. Insured)
 
 
400,000
476,165
5% 11/15/38 (Assured Guaranty Muni. Corp. Insured)
 
 
625,000
741,898
5% 11/15/40 (Assured Guaranty Muni. Corp. Insured)
 
 
635,000
750,211
5% 11/15/41 (Assured Guaranty Muni. Corp. Insured)
 
 
345,000
407,009
5% 11/15/51 (Assured Guaranty Muni. Corp. Insured)
 
 
5,000,000
5,813,935
5% 11/15/53 (Assured Guaranty Muni. Corp. Insured)
 
 
4,100,000
4,757,457
Ypsilanti School District Series A:
 
 
 
 5% 5/1/29
 
1,305,000
1,446,834
 5% 5/1/30
 
1,550,000
1,722,940
 5% 5/1/32
 
2,000,000
2,219,844
Zeeland Pub. Schools Series A, 5% 5/1/27
 
1,000,000
1,087,754
TOTAL MICHIGAN
 
 
620,789,868
Puerto Rico - 0.5%
 
 
 
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2021 A1, 5.625% 7/1/27
 
195,000
212,919
Puerto Rico Hsg. Fin. Auth. Series 2020, 5% 12/1/27
 
1,340,000
1,512,977
Puerto Rico Indl., Tourist, Edl., Med. And Envir. Cont. Facilities Fing. Auth. Series 2021:
 
 
 
 4% 7/1/36
 
195,000
205,315
 5% 7/1/30
 
485,000
560,903
 5% 7/1/32
 
360,000
418,706
TOTAL PUERTO RICO
 
 
2,910,820
 
TOTAL MUNICIPAL BONDS
 (Cost $630,918,395)
 
 
 
625,948,541
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 96.2%
 (Cost $630,918,395)
 
 
 
625,948,541
NET OTHER ASSETS (LIABILITIES) - 3.8%  
24,503,918
NET ASSETS - 100.0%
650,452,459
 
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.
 
(c)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(d)
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
 
 
 
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Municipal Bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


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