BMN ETF

$22.01

AUM$140M

TER2.17%

Holdings170

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BMN ETF

$22.01

BlackRock 2037 Municipal Target Term Trust

AUM$140M

TER2.17%

Holdings170

See how much of BMN you already own

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Leveraged fund≈2xWeights reflect notional exposure via swaps/derivatives and do not sum to 100%.

Net exposure

159.8%

Gross exposure

159.8%

Long

159.8%

Cash & collateral

0.0%

As of Jun 30, 2026

Showing top 50 of 167 holdings · as of Jun 30, 2026

BMN holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	—	Pennsylvania St -143A 5.125 2041-10-01	3.91%	3.9%	-	$6.26M	-	-
2	Debt	Fircrest PropertiesReal Estate · Real Estate Management	3.37%	7.3%	-	$5.40M	Real Estate	Real Estate Management
Sector and industry · Pro
3	Debt	Idsmed	3.35%	10.6%	-	$5.37M
4	Debt	Pennsylvania Economic Development Financing Authority	3.33%	14.0%	-	$5.33M
5	—	Ma St-A 01/05/2048	3.29%	17.3%	-	$5.27M
6	—	State Of Washington, Series 2024 C 02/01/2049	3.29%	20.5%	-	$5.27M
7	—	General Authority Of Southcentral Pennsylvania %	3.24%	23.8%	-	$5.20M
8	—	Wyandotte County, Unified School District 500, Kansas, Taxable General Obligation Bonds, Series 2025	3.24%	27.0%	-	$5.20M
9	—	Regional Transportation Authority 5 56766Mm/Dd/Yyy	3.23%	30.3%	-	$5.18M
10	—	Southeast Energy Auth Coop Dis 5% Jun 01, 2035	3.18%	33.4%	-	$5.10M
11	—	Illinois St Hsg Dev Auth Revenue	3.04%	36.5%	-	$4.87M
12	—	Michigan St Fin Auth Revenue 5 2042-01-12	2.98%	39.5%	-	$4.77M
13	—	Denver (City & County Of), Co 11/15/2042	2.64%	42.1%	-	$4.24M
14	Debt	Maryland St Cmn	2.63%	44.7%	-	$4.22M
15	Debt	Pr Commmonwealth	2.35%	47.1%	-	$3.76M
16	MCSXX	Blackrock Liquidity Municash Instl	1.99%	49.1%	3,190,112	$3.19M
17	—	Franklin Cnty Ohio Hosp Facs Rev	1.97%	51.0%	-	$3.15M
18	—	Michigan (State Of) Housing Development Authority, Series 2022, Rb 5.2 2040-12-01	1.79%	52.8%	-	$2.87M
19	—	Vlg Cdd 16 Fl Spl Assmnt Reve Vilgen 05/40 Fixed 4.5 4.5 2040-05-01	1.75%	54.6%	-	$2.80M
20	—	Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, Refu	1.69%	56.3%	-	$2.71M
21	—	Chicago Il Brd Of Edu Chiedu 12/39 Fixed Oid 5.25	1.66%	57.9%	-	$2.66M
22	Debt	Pa Passfh	1.63%	59.6%	-	$2.62M
23	—	Black Belt Energy Gas Dist Ala 5.25% May 01, 2032	1.60%	61.2%	-	$2.56M
24	Debt	Masdev	1.57%	62.7%	-	$2.51M
25	—	South Carolina Jobs-econ Dev Auth	1.57%	64.3%	-	$2.51M
26	Debt	Massachusetts (Commonwealth Of) Development Finance Agency (Emerson College), Series 2016 A, Rb	1.56%	65.9%	-	$2.50M
27	Debt	Casgen	1.56%	67.4%	-	$2.50M
28	Debt	Michigan St Hsg	1.49%	68.9%	-	$2.39M
29	—	Pub Fin A 6.% 12/01/45	1.49%	70.4%	-	$2.39M
30	—	Michigan St Strategic Fund Ltd Misgen 06/48 Fixed Oid 4.5	1.48%	71.9%	-	$2.37M
31	Debt	New Jersey Transportation Trust Fund Authority	1.47%	73.3%	-	$2.36M
32	—	Massachusetts Development Finance Agency 5.25 2042-08-15	1.36%	74.7%	-	$2.17M
33	Debt	Fort Bend County Industrial Development Corp	1.34%	76.0%	-	$2.14M
34	Debt	Salt Verde Az Financial Corp Senior Gas Revenue	1.31%	77.4%	-	$2.11M
35	—	Pennsylvania St Hsg Fin Agy Sf Mtge Revenue 4.6 2045-10-01	1.26%	78.6%	-	$2.03M
36	—	Wyoming St Cmnty Dev Auth Hsg Revenue 4.4 2043-12-01	1.26%	79.9%	-	$2.02M
37	—	Allegheny Cnty Pa Hosp Dev Auth	1.26%	81.1%	-	$2.01M
38	—	Denver Co Convention Center Hotel Auth Revenue	1.25%	82.4%	-	$2.00M
39	—	Ep Royal Estates Pfc Tx Rsdl Dev Revenue 4.25 2039-10-01	1.25%	83.6%	-	$2.00M
40	Debt	Iasgen	1.25%	84.9%	-	$2.00M
41	—	National Fin Auth N H Affordab 4.5% Mar 01, 2036 4.5 2036-03-01	1.24%	86.1%	-	$1.98M
42	Debt	Chicago Il	1.19%	87.3%	-	$1.90M
43	—	Massachusetts St Hsg Fin Agy	1.17%	88.5%	-	$1.87M
44	Debt	Fx.Rt. Muni Bond 01/01/2042	1.16%	89.6%	-	$1.86M
45	—	Puerto Rico Sales Tax Fing Cor Regd Oid B/e 4.55000000	1.10%	90.7%	-	$1.76M
46	—	Ohio Private Activity Revenue (portsmouth Gateway Group Llc)	1.05%	91.8%	-	$1.68M
47	—	Washington State Housing Finance Commission 5 07-01-2038	1.05%	92.8%	-	$1.69M
48	—	Monroe Cnty Ny Indl Dev Corp Revenue	1.04%	93.9%	-	$1.67M
49	—	South Carolina St Public Svc Auth Revenue 5.5 2042-12-01	1.03%	94.9%	-	$1.66M
50	—	New Hampshire Business Finance Authority,5.25,2042-06-01	1.02%	95.9%	-	$1.63M
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Not reported for this fund: share changes.

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BMN ETF All Holdings

BMN holdings total 170 positions. The top 10 holdings account for 33.4% of the fund, led by Pennsylvania St -143A 5.125 2041-10-01 at 3.9%, Fircrest Properties 5.5 06/01/2049 at 3.4%, Idsmed 5.000 03/01/43 at 3.4%.

BMN portfolio concentration is moderate, with the top 10 representing 33.4% of total assets. The largest sector exposure is Financials at 46.0%.

BMN sectors provide a detailed breakdown. BMN overlap shows how holdings compare to other funds in your portfolio.

Compare BMN

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BMN ETF Holdings

167 of 170 holdings

Sector

Industry

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1
Pennsylvania St -143A 5.125 2041-10-01
Other
3.91%
2
Fircrest Properties 5.5 06/01/2049
WA FIRGEN 5.5 06/01/Real Estate
3.37%
3
Idsmed 5.000 03/01/43
ID IDSMED 5 03/01/20Financials
3.35%
4
Pennsylvania Economic Development Financing Authority 5.5% 06/30/2043
Other
3.33%
5
Ma St-A 01/05/2048
MA MAS 5 05/01/2048Financials
3.29%
6
State Of Washington, Series 2024 C 02/01/2049
WA WAS 5 02/01/2049Financials
3.29%
7
General Authority Of Southcentral Pennsylvania %
Other
3.24%
8
Wyandotte County, Unified School District 500, Kansas, Taxable General Obligation Bonds, Series 2025
Other
3.24%
9
Regional Transportation Authority 5 56766Mm/Dd/Yyy
IL REGTRN 5 06/01/20Industrials
3.23%
10
Southeast Energy Auth Coop Dis 5% Jun 01, 2035
AL SEEPWR 01/01/2056Utilities
3.18%
11
Illinois St Hsg Dev Auth Revenue
Other
3.04%
12
Michigan St Fin Auth Revenue 5 2042-01-12
Other
2.98%
13
Denver (City & County Of), Co 11/15/2042
CO DENAPT 5 11/15/20Financials
2.64%
14
Maryland St Cmn 4.95% 09/01/42
Other
2.63%
15
Pr Commmonwealth 5.75% 07/01/2031
PR PRC 5.75 07/01/20Financials
2.35%
16
Blackrock Liquidity Municash Instl
MCSXXFinancials
1.99%
17
Franklin Cnty Ohio Hosp Facs Rev
Other
1.97%
18
Michigan (State Of) Housing Development Authority, Series 2022, Rb 5.2 2040-12-01
Other
1.79%
19
Vlg Cdd 16 Fl Spl Assmnt Reve Vilgen 05/40 Fixed 4.5 4.5 2040-05-01
Other
1.75%
20
Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, Refu
Other
1.69%
21
Chicago Il Brd Of Edu Chiedu 12/39 Fixed Oid 5.25
IL CHIEDU 5.25 12/01Consumer Discretionary
1.66%
22
Pa Passfh 5.1 10/01/2045
Other
1.63%
23
Black Belt Energy Gas Dist Ala 5.25% May 01, 2032
AL BBEUTL 05/01/2056Utilities
1.60%
24
Masdev 5.000 07/01/44
MA MASDEV 5 07/01/20Financials
1.57%
25
South Carolina Jobs-econ Dev Auth
Other
1.57%
26
Massachusetts (Commonwealth Of) Development Finance Agency (Emerson College), Series 2016 A, Rb 5 01/01/2047
MA MASDEV 5 01/01/20Financials
1.56%
27
Casgen 5.000 12/01/41
CA CASGEN 5 12/01/20Financials
1.56%
28
Michigan St Hsg 5.1% 12/01/37
Other
1.49%
29
Pub Fin A 6.% 12/01/45
Other
1.49%
30
Michigan St Strategic Fund Ltd Misgen 06/48 Fixed Oid 4.5
Other
1.48%
31
New Jersey Transportation Trust Fund Authority 5 06/15/2042
NJ NJSTRN 5 06/15/20Financials
1.47%
32
Massachusetts Development Finance Agency 5.25 2042-08-15
Other
1.36%
33
Fort Bend County Industrial Development Corp 4.75 11/01/2042
TX FORDEV 4.75 11/01Financials
1.34%
34
Salt Verde Az Financial Corp Senior Gas Revenue 5% 12/01/2037
AZ SLTPWR 5 12/01/20Financials
1.31%
35
Pennsylvania St Hsg Fin Agy Sf Mtge Revenue 4.6 2045-10-01
Other
1.26%
36
Wyoming St Cmnty Dev Auth Hsg Revenue 4.4 2043-12-01
Other
1.26%
37
Allegheny Cnty Pa Hosp Dev Auth
PA ALLMED 5 04/01/20Real Estate
1.26%
38
Denver Co Convention Center Hotel Auth Revenue
Other
1.25%
39
Ep Royal Estates Pfc Tx Rsdl Dev Revenue 4.25 2039-10-01
Other
1.25%
40
Iasgen 4.750 08/01/42
IA IASGEN 4.75 08/01Real Estate
1.25%
41
National Fin Auth N H Affordab 4.5% Mar 01, 2036 4.5 2036-03-01
Other
1.24%
42
Chicago Il 5.5% 01/01/41
IL CHI 5.5 01/01/204Financials
1.19%
43
Massachusetts St Hsg Fin Agy
Other
1.17%
44
Fx.Rt. Muni Bond 01/01/2042
PA ALLAPT 5.5 01/01/Financials
1.16%
45
Puerto Rico Sales Tax Fing Cor Regd Oid B/e 4.55000000
PR PRCGEN 4.55 07/01Financials
1.10%
46
Ohio Private Activity Revenue (portsmouth Gateway Group Llc)
Other
1.05%
47
Washington State Housing Finance Commission 5 07-01-2038
WA WASHSG 5 07/01/20Financials
1.05%
48
Monroe Cnty Ny Indl Dev Corp Revenue
Other
1.04%
49
South Carolina St Public Svc Auth Revenue 5.5 2042-12-01
Other
1.03%
50
New Hampshire Business Finance Authority,5.25,2042-06-01
Other
1.02%
51
Gtr Orlando Aviation Auth Fl S Greapt 11/37 Fixed 5.5 0 1900-01-00
Other
1.01%
52
Main Street Natural Gas Inc Ga Gas Supply Revenue
Other
1.01%
53
Maryland St Hlth Hgr Eductnl Mdsmed 07/45 Fixed 5 5 2045-07-01
Other
1.01%
54
Tennergy Corp Tenn Gas Rev 5.5% Oct 01, 2053
TN TGYPWR 10/01/2053Utilities
1.00%
55
Maryland St Econ Dev Corp Priv Regd B/E Amt 5.00000000
Other
0.97%
56
National Fin Auth Nh Affordabl Nhahsg 06/41 Adjustable Var
Other
0.97%
57
New Jersey St Econ Dev Auth Regd B/E 5.00000000 06/15/2042
NJ NJSDEV 5 06/15/20Financials
0.96%
58
Nyttrn 5.000 10/01/40
NY NYTTRN 5 10/01/20Financials
0.96%
59
New York City Ny Hsg Dev Corp Mf Hsg Revenue
Other
0.95%
60
New York St Transprtn Dev Corpspl Fac Revenue
Other
0.95%
61
Pennsylvania Turnpike Commission,5,2042-06-01
PA PASTRN 5 06/01/20Utilities
0.95%
62
Iasgen 5.000 05/15/43
IA IASGEN 5 05/15/20Real Estate
0.94%
63
Pennsylvania Higher Educational Facilities Authority
Other
0.94%
64
Philadelphia Pa Arpt Revenue
Other
0.94%
65
Public Fin Auth Wi Arpt Facs Revenue
WI PUBFAC 5 07/01/20Financials
0.94%
66
Puerto Rico Sales Tax Fing Cor Prcgen 07/40 Fixed 4.329
PR PRCGEN 4.33 07/01Financials
0.94%
67
Tarrant Cnty Tx Cultural Edu Facs Fin Corp Retmnt Fac Revenu
Other
0.94%
68
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2022M
Other
0.90%
69
Colorado Health Facs Auth Rev Hosp Bds 2021 A 01/Jul/2021 15/Nov/2050 4%
CO COSMED 4 11/15/20Financials
0.88%
70
South Jersey Nj Port Corp. Revenue
Other
0.84%
71
Chicago Il Midway Arpt Revenue 5.25 2042-01-01
Other
0.83%
72
Mpnfac 0.000 06/15/37
IL MPNFAC 0 06/15/20Financials
0.82%
73
Vermont St Econ Dev Auth Solid Vtspol 04/36 Adjustable Var
VT VTSPOL 04/01/2036Financials
0.82%
74
Washington Cnty Ore Sch Dist N 0% Jun 15, 2037
OR WASSCD 0 06/15/20Consumer Discretionary
0.81%
75
BALDWIN CNTY VAR 06/55
AL BLWPOL 06/01/2055Financials
0.80%
76
Hickory Chase Cmnty Auth Ohio 5% Dec 01, 2040
Other
0.78%
77
Osceola Cnty Fla Transn Rev Pkwy Impt Ref Bds 2019 A 0 10/01/2046
FL OSCTRN 0 10/01/20Financials
0.77%
78
Osceola Cnty Fla Transn Rev Pkwy Impt Ref Bds 2019 A 0 2043-10-01
FL OSCTRN 0 10/01/20Financials
0.77%
79
Public Fin Auth Wi Senior Living Revenue
Other
0.77%
80
Mclaren Health Care Corp Obligated Group 4.0% 02-15-44
MI MISFIN 4 02/15/20Financials
0.76%
81
South Carolina Jobs-Economic Development Authority
Other
0.72%
82
Port Morrow Ore Full Faith & C 5.15% Oct 01, 2026
Other
0.71%
83
District Of Columbia Fx.Rt. Muni Bond 02/28/2037
Other
0.70%
84
DOWNTOWN REVITA 5.25% 06/01/43
UT DTRFAC 5.25 06/01Financials
0.70%
85
Illinois (state Of) Finance Authority (northshore University), Series 2020, Ref. Rb
IL ILSGEN 4 08/15/20Financials
0.70%
86
Chicago Il 6.00 2043-01-01
Other
0.68%
87
Houston Tx Arpt Sys Revenue 5.5 07/15/2039
Other
0.67%
88
National Fin Auth N H Multifam 5.13% Mar 01, 2036 5.13 2036-03-01
Other
0.67%
89
New York 5.5% 06/38
Other
0.67%
90
Onondaga Civic Development Corporation, New York, Revenue Bonds, Le Moyne College Project, Series 2015
Other
0.67%
91
New Jersey Housing & Mortgage Finance Agency 5.1% 11/01/2045
Other
0.65%
92
Nevada Hsg Div Single Family Mtg R 4.35 10/01/2041
Other
0.64%
93
California St Enterprise Dev Auth Revenue 7.6 2037-11-15
Other
0.64%
94
California Public Fin Auth Senior Living Rev 5%, Due 11/15/2036
Other
0.63%
95
Chicago Il O'hare International Arpt Revenue
Other
0.63%
96
Eagle County, Co Air Terminal Corporation Rev. (airport Terminal)
Other
0.63%
97
Rb Series 2021
PA LANMED 5 11/01/20Health Care
0.63%
98
Louisiana St Hsg Corp Sf Mtge Revenue 4.6 2042-12-01
Other
0.63%
99
Ma Dev Fin Agy 01/07/2042
Other
0.63%
100
Nashville (city Of) & Davidson (county Of), Tn Metropolitan Government Health & Educational Facilities Board (lipscomb University), Series 2019 A, Ref
Other
0.63%
101
Michigan St Fin Auth Revenue Misfin 11/41 Fixed 5 5
MI MISFIN 5 11/15/20Financials
0.63%
102
Tulsa Cnty Ok Indl Auth Senior Living Cmnty Revenue
OK TULIND 5.25 11/15Industrials
0.63%
103
Washington State Convention Center Public Facilities District
WA WASFAC 5 07/01/20Real Estate
0.63%
104
Nashville (City Of) & Davidson (County Of), Tn Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University), Series 2016 5 2041-10-01
Other
0.62%
105
North Carolina St Turnpike Auth Monroe Expressway Toll Rev
Other
0.62%
106
Santa Fe Retmnt Fa 5 5/32
Other
0.62%
107
Black Belt Energy Gas Dist 5% 01/01/2034
Other
0.62%
108
California (state Of) School Finance Authority (kipp La), Series 2015 A, Rb
Other
0.62%
109
Tennessee Energy Acquisition Corp Variable Rate, Due 05/01/2052
TN TNSUTL 05/01/2052Utilities
0.61%
110
Ohio Air Quality Development Authority 4.500% 01/15/2048
OH OHSDEV 4.5 01/15/Financials
0.60%
111
Gainesville (City Of) & Hall (County Of), Ga Hospital Authority (Northeast Georgia Health System, In 4 02-15-2046
Other
0.59%
112
State Of Michigan Trunk Line Revenue 4 11/15/2046
MI MISTRN 4 11/15/20Financials
0.59%
113
Washington State Housing Finance Commission Ser 2023-1 Cl A Regd 3.37500000
WA WASHSG 3.38 04/20Financials
0.57%
114
Allentown Neighborhood Improve Altdev 05/42 Fixed 5
PA ALTDEV 5 05/01/20Financials
0.56%
115
Patriots Energy Group Financing Agency 5.250 10/01/2054
SC PEGUTL 10/01/2054Financials
0.54%
116
Baltimore, Maryland (City 5 06/01/2045
Other
0.52%
117
San Antonio Tx Wtr Revenue 4.00000 05/15/2030
Other
0.51%
118
North Carolina St Med Care Commission Retmnt Facs Revenue 5.25 2044-12-01
Other
0.48%
119
Wisconsin Health & Educational Facilities Authority
Other
0.47%
120
California Public Finance Authority, Senior Living Revenue Bonds, The James, Senior Series 2024A
Other
0.47%
121
Cosmed 4.000 08/01/39
CO COSMED 4 08/01/20Health Care
0.46%
122
Downtown Revitalization P 5.25 05/31/2043
Other
0.42%
123
Gas Worx Community Development District, Series 2025 5 05/01/2036
Other
0.40%
124
Rock Island Cnty Il Sch Dist #41 Rock Island 5 2044-01-01
Other
0.40%
125
California Community Choice Financing Authority Series 2023 5.26%, 02/01/54
Other
0.40%
126
Cobb Cnty Ga Dev Auth Charters Regd B/E 5.70000000
Other
0.40%
127
Wayne Co Mi Aar 5% 12/1/2044 @ 0.05 2044-12-01
Other
0.39%
128
National Fin Auth N H Mun Ctfs 5.15% Sep 28, 2037
Other
0.37%
129
TULSA OK MUNI ARPT TRUST TRUST TULAPT 12/40 FIXED 6.25
Other
0.37%
130
North Carolina Medical Care Commission, Series 2025 5.25 2045-12-01
Other
0.33%
131
Public Fin Auth Wi Revenue Pubgen 07/44 Fixed 5.5
WI PUBGEN 5.5 07/01/Financials
0.33%
132
Washington Health Care Facilities Authority, Series 2025, Rb
Other
0.33%
133
Metropolitan Transportation Authority 5.0% 11/15/2042
NY MTATRN 5 11/15/20Industrials
0.32%
134
N Las Vegas -Rev 5.5% 06/01/2037
Other
0.32%
135
North Las Vegas (City Of), Nv Special Improvement District No. 66 (Villages At Tule Springs Village 5.75 06-01-2042
Other
0.32%
136
Rookery Cdd Fl Capital Impt Re Rookery Cdd 5% 2044-05-01
Other
0.32%
137
La Paz County Industrial Development Authority
Other
0.31%
138
Nj Transprtn Trust-Aa 5 2045-06-15
Other
0.31%
139
Newark Higher Ed Fin Corp Tex 5% Aug 15, 2037 5
Other
0.31%
140
Orange Cnty Fl Presbyterian Retirement Sf 5.0% 08-01-35 5 2035-08-01
Other
0.31%
141
Fx.Rt. Muni Bond
Other
0.31%
142
Virginia Small Business Financing Auth. Rev. Refg. (Elizabeth River Crossings Opco, Llc)
VA VASDEV 4 01/01/20Financials
0.31%
143
Arizona St Indl Dev Auth Edu Revenue 5 2038-07-01
Other
0.29%
144
New Hope Cultural Edu Facs Fincorp Tx Edu Revenue
Other
0.26%
145
Village Cmnty F 4.85% 5/1/2038
Other
0.26%
146
Delaware St Economic Dev Auth Rev 4% Oct 01, 2035 4 2035-10-01
Other
0.25%
147
Normandy Cdd Fl Capital Impt Revenue 4.63 2031-05-01
Other
0.25%
148
Build Nyc Resource Corp Ny Rev Buigen 06/32 Fixed 5
Other
0.25%
149
National Fin Auth Nh Muni Ctfs Nfadev 07/41 Fixed Oid 4.25 4.25
Other
0.24%
150
Public Finance Authority Of Wisconsin, Charter School Revenue Bonds, Foundation Academy Charter School Project, Series 2024 5 07/01/2035
Other
0.23%
151
Mondev 5.000 11/15/36
PA MONDEV 5 11/15/20Financials
0.22%
152
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Lake Charles Charter Academy Foundation Project, Refunding Series 2024A
LA LASFAC 5 12/15/20Financials
0.21%
153
Florida St Dev Fin Corp Sol Wst Disp Rev N/C, 4.50%, Due 07/01/2032
Other
0.20%
154
Illinois Finance Authority 2029-09-27
Other
0.20%
155
Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida Llc Issue, Seri 5% 07/01/2044
Other
0.19%
156
California Infrastructure & Ec 12% Nov 02, 2026
Other
0.18%
157
Illinois St Fin Auth Revenue 2042-05-15
Other
0.17%
158
Dekalb County Housing Authority 4.13 12/01/2034
Other
0.16%
159
Florida Dev Fin Corp Solid Was 4.38% Oct 01, 2031
FL FLSDEV 10/01/2054Financials
0.16%
160
New York State Environmental Facilities Corp. (Casella Waste Systems, Inc.) Series 2023 5.13%, 09/01/50
NY NYSENV 09/01/2050Industrials
0.16%
161
Philadelphia-Unre 5 11/47
Other
0.16%
162
Michigan Finance Authority
MI MISFIN 5 12/01/20Financials
0.12%
163
Public Finance Authority 5 07/15/2030
Other
0.09%
164
California School Finance Authority, Charter School Revenue Bonds, Partnerships To Uplift Communitie 5.25 08-01-2038
Other
0.08%
165
Maine St Fin Auth Sol Wst Disp Regd V/R B/E Amt 4.62500000 2047-12-01
ME MESPOL 12/01/2047Financials
0.07%
166
Buckeye Oh Tobacco Settlement Fing Auth 4%, Due 06/01/2039
OH BUCGEN 4 06/01/20Financials
0.06%
167
Brightline West Eq Warrants
Other
0.03%

#	Company	Ticker	Weight
1	Pennsylvania St -143A 5.125 2041-10-01	-	3.910%
2	Fircrest Properties 5.5 06/01/2049	WA FIRGEN 5.5 06/01/	3.370%
3	Idsmed 5.000 03/01/43	ID IDSMED 5 03/01/20	3.350%
4	Pennsylvania Economic Development Financing Authority 5.5% 06/30/2043	-	3.330%
5	Ma St-A 01/05/2048	MA MAS 5 05/01/2048	3.290%
6	State Of Washington, Series 2024 C 02/01/2049	WA WAS 5 02/01/2049	3.290%
7	General Authority Of Southcentral Pennsylvania %	-	3.240%
8	Wyandotte County, Unified School District 500, Kansas, Taxable General Obligation Bonds, Series 2025	-	3.240%
9	Regional Transportation Authority 5 56766Mm/Dd/Yyy	IL REGTRN 5 06/01/20	3.230%
10	Southeast Energy Auth Coop Dis 5% Jun 01, 2035	AL SEEPWR 01/01/2056	3.180%
11	Illinois St Hsg Dev Auth Revenue	-	3.040%
12	Michigan St Fin Auth Revenue 5 2042-01-12	-	2.980%
13	Denver (City & County Of), Co 11/15/2042	CO DENAPT 5 11/15/20	2.640%
14	Maryland St Cmn 4.95% 09/01/42	-	2.630%
15	Pr Commmonwealth 5.75% 07/01/2031	PR PRC 5.75 07/01/20	2.350%
16	Blackrock Liquidity Municash Instl	MCSXX	1.990%
17	Franklin Cnty Ohio Hosp Facs Rev	-	1.970%
18	Michigan (State Of) Housing Development Authority, Series 2022, Rb 5.2 2040-12-01	-	1.790%
19	Vlg Cdd 16 Fl Spl Assmnt Reve Vilgen 05/40 Fixed 4.5 4.5 2040-05-01	-	1.750%
20	Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, Refu	-	1.690%
21	Chicago Il Brd Of Edu Chiedu 12/39 Fixed Oid 5.25	IL CHIEDU 5.25 12/01	1.660%
22	Pa Passfh 5.1 10/01/2045	-	1.630%
23	Black Belt Energy Gas Dist Ala 5.25% May 01, 2032	AL BBEUTL 05/01/2056	1.600%
24	Masdev 5.000 07/01/44	MA MASDEV 5 07/01/20	1.570%
25	South Carolina Jobs-econ Dev Auth	-	1.570%
26	Massachusetts (Commonwealth Of) Development Finance Agency (Emerson College), Series 2016 A, Rb 5 01/01/2047	MA MASDEV 5 01/01/20	1.560%
27	Casgen 5.000 12/01/41	CA CASGEN 5 12/01/20	1.560%
28	Michigan St Hsg 5.1% 12/01/37	-	1.490%
29	Pub Fin A 6.% 12/01/45	-	1.490%
30	Michigan St Strategic Fund Ltd Misgen 06/48 Fixed Oid 4.5	-	1.480%
31	New Jersey Transportation Trust Fund Authority 5 06/15/2042	NJ NJSTRN 5 06/15/20	1.470%
32	Massachusetts Development Finance Agency 5.25 2042-08-15	-	1.360%
33	Fort Bend County Industrial Development Corp 4.75 11/01/2042	TX FORDEV 4.75 11/01	1.340%
34	Salt Verde Az Financial Corp Senior Gas Revenue 5% 12/01/2037	AZ SLTPWR 5 12/01/20	1.310%
35	Pennsylvania St Hsg Fin Agy Sf Mtge Revenue 4.6 2045-10-01	-	1.260%
36	Wyoming St Cmnty Dev Auth Hsg Revenue 4.4 2043-12-01	-	1.260%
37	Allegheny Cnty Pa Hosp Dev Auth	PA ALLMED 5 04/01/20	1.260%
38	Denver Co Convention Center Hotel Auth Revenue	-	1.250%
39	Ep Royal Estates Pfc Tx Rsdl Dev Revenue 4.25 2039-10-01	-	1.250%
40	Iasgen 4.750 08/01/42	IA IASGEN 4.75 08/01	1.250%
41	National Fin Auth N H Affordab 4.5% Mar 01, 2036 4.5 2036-03-01	-	1.240%
42	Chicago Il 5.5% 01/01/41	IL CHI 5.5 01/01/204	1.190%
43	Massachusetts St Hsg Fin Agy	-	1.170%
44	Fx.Rt. Muni Bond 01/01/2042	PA ALLAPT 5.5 01/01/	1.160%
45	Puerto Rico Sales Tax Fing Cor Regd Oid B/e 4.55000000	PR PRCGEN 4.55 07/01	1.100%
46	Ohio Private Activity Revenue (portsmouth Gateway Group Llc)	-	1.050%
47	Washington State Housing Finance Commission 5 07-01-2038	WA WASHSG 5 07/01/20	1.050%
48	Monroe Cnty Ny Indl Dev Corp Revenue	-	1.040%
49	South Carolina St Public Svc Auth Revenue 5.5 2042-12-01	-	1.030%
50	New Hampshire Business Finance Authority,5.25,2042-06-01	-	1.020%
51	Gtr Orlando Aviation Auth Fl S Greapt 11/37 Fixed 5.5 0 1900-01-00	-	1.010%
52	Main Street Natural Gas Inc Ga Gas Supply Revenue	-	1.010%
53	Maryland St Hlth Hgr Eductnl Mdsmed 07/45 Fixed 5 5 2045-07-01	-	1.010%
54	Tennergy Corp Tenn Gas Rev 5.5% Oct 01, 2053	TN TGYPWR 10/01/2053	1.000%
55	Maryland St Econ Dev Corp Priv Regd B/E Amt 5.00000000	-	0.970%
56	National Fin Auth Nh Affordabl Nhahsg 06/41 Adjustable Var	-	0.970%
57	New Jersey St Econ Dev Auth Regd B/E 5.00000000 06/15/2042	NJ NJSDEV 5 06/15/20	0.960%
58	Nyttrn 5.000 10/01/40	NY NYTTRN 5 10/01/20	0.960%
59	New York City Ny Hsg Dev Corp Mf Hsg Revenue	-	0.950%
60	New York St Transprtn Dev Corpspl Fac Revenue	-	0.950%
61	Pennsylvania Turnpike Commission,5,2042-06-01	PA PASTRN 5 06/01/20	0.950%
62	Iasgen 5.000 05/15/43	IA IASGEN 5 05/15/20	0.940%
63	Pennsylvania Higher Educational Facilities Authority	-	0.940%
64	Philadelphia Pa Arpt Revenue	-	0.940%
65	Public Fin Auth Wi Arpt Facs Revenue	WI PUBFAC 5 07/01/20	0.940%
66	Puerto Rico Sales Tax Fing Cor Prcgen 07/40 Fixed 4.329	PR PRCGEN 4.33 07/01	0.940%
67	Tarrant Cnty Tx Cultural Edu Facs Fin Corp Retmnt Fac Revenu	-	0.940%
68	Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2022M	-	0.900%
69	Colorado Health Facs Auth Rev Hosp Bds 2021 A 01/Jul/2021 15/Nov/2050 4%	CO COSMED 4 11/15/20	0.880%
70	South Jersey Nj Port Corp. Revenue	-	0.840%
71	Chicago Il Midway Arpt Revenue 5.25 2042-01-01	-	0.830%
72	Mpnfac 0.000 06/15/37	IL MPNFAC 0 06/15/20	0.820%
73	Vermont St Econ Dev Auth Solid Vtspol 04/36 Adjustable Var	VT VTSPOL 04/01/2036	0.820%
74	Washington Cnty Ore Sch Dist N 0% Jun 15, 2037	OR WASSCD 0 06/15/20	0.810%
75	BALDWIN CNTY VAR 06/55	AL BLWPOL 06/01/2055	0.800%
76	Hickory Chase Cmnty Auth Ohio 5% Dec 01, 2040	-	0.780%
77	Osceola Cnty Fla Transn Rev Pkwy Impt Ref Bds 2019 A 0 10/01/2046	FL OSCTRN 0 10/01/20	0.770%
78	Osceola Cnty Fla Transn Rev Pkwy Impt Ref Bds 2019 A 0 2043-10-01	FL OSCTRN 0 10/01/20	0.770%
79	Public Fin Auth Wi Senior Living Revenue	-	0.770%
80	Mclaren Health Care Corp Obligated Group 4.0% 02-15-44	MI MISFIN 4 02/15/20	0.760%
81	South Carolina Jobs-Economic Development Authority	-	0.720%
82	Port Morrow Ore Full Faith & C 5.15% Oct 01, 2026	-	0.710%
83	District Of Columbia Fx.Rt. Muni Bond 02/28/2037	-	0.700%
84	DOWNTOWN REVITA 5.25% 06/01/43	UT DTRFAC 5.25 06/01	0.700%
85	Illinois (state Of) Finance Authority (northshore University), Series 2020, Ref. Rb	IL ILSGEN 4 08/15/20	0.700%
86	Chicago Il 6.00 2043-01-01	-	0.680%
87	Houston Tx Arpt Sys Revenue 5.5 07/15/2039	-	0.670%
88	National Fin Auth N H Multifam 5.13% Mar 01, 2036 5.13 2036-03-01	-	0.670%
89	New York 5.5% 06/38	-	0.670%
90	Onondaga Civic Development Corporation, New York, Revenue Bonds, Le Moyne College Project, Series 2015	-	0.670%
91	New Jersey Housing & Mortgage Finance Agency 5.1% 11/01/2045	-	0.650%
92	Nevada Hsg Div Single Family Mtg R 4.35 10/01/2041	-	0.640%
93	California St Enterprise Dev Auth Revenue 7.6 2037-11-15	-	0.640%
94	California Public Fin Auth Senior Living Rev 5%, Due 11/15/2036	-	0.630%
95	Chicago Il O'hare International Arpt Revenue	-	0.630%
96	Eagle County, Co Air Terminal Corporation Rev. (airport Terminal)	-	0.630%
97	Rb Series 2021	PA LANMED 5 11/01/20	0.630%
98	Louisiana St Hsg Corp Sf Mtge Revenue 4.6 2042-12-01	-	0.630%
99	Ma Dev Fin Agy 01/07/2042	-	0.630%
100	Nashville (city Of) & Davidson (county Of), Tn Metropolitan Government Health & Educational Facilities Board (lipscomb University), Series 2019 A, Ref	-	0.630%
101	Michigan St Fin Auth Revenue Misfin 11/41 Fixed 5 5	MI MISFIN 5 11/15/20	0.630%
102	Tulsa Cnty Ok Indl Auth Senior Living Cmnty Revenue	OK TULIND 5.25 11/15	0.630%
103	Washington State Convention Center Public Facilities District	WA WASFAC 5 07/01/20	0.630%
104	Nashville (City Of) & Davidson (County Of), Tn Metropolitan Government Health & Educational Facilities Board (The) (Lipscomb University), Series 2016 5 2041-10-01	-	0.620%
105	North Carolina St Turnpike Auth Monroe Expressway Toll Rev	-	0.620%
106	Santa Fe Retmnt Fa 5 5/32	-	0.620%
107	Black Belt Energy Gas Dist 5% 01/01/2034	-	0.620%
108	California (state Of) School Finance Authority (kipp La), Series 2015 A, Rb	-	0.620%
109	Tennessee Energy Acquisition Corp Variable Rate, Due 05/01/2052	TN TNSUTL 05/01/2052	0.610%
110	Ohio Air Quality Development Authority 4.500% 01/15/2048	OH OHSDEV 4.5 01/15/	0.600%
111	Gainesville (City Of) & Hall (County Of), Ga Hospital Authority (Northeast Georgia Health System, In 4 02-15-2046	-	0.590%
112	State Of Michigan Trunk Line Revenue 4 11/15/2046	MI MISTRN 4 11/15/20	0.590%
113	Washington State Housing Finance Commission Ser 2023-1 Cl A Regd 3.37500000	WA WASHSG 3.38 04/20	0.570%
114	Allentown Neighborhood Improve Altdev 05/42 Fixed 5	PA ALTDEV 5 05/01/20	0.560%
115	Patriots Energy Group Financing Agency 5.250 10/01/2054	SC PEGUTL 10/01/2054	0.540%
116	Baltimore, Maryland (City 5 06/01/2045	-	0.520%
117	San Antonio Tx Wtr Revenue 4.00000 05/15/2030	-	0.510%
118	North Carolina St Med Care Commission Retmnt Facs Revenue 5.25 2044-12-01	-	0.480%
119	Wisconsin Health & Educational Facilities Authority	-	0.470%
120	California Public Finance Authority, Senior Living Revenue Bonds, The James, Senior Series 2024A	-	0.470%
121	Cosmed 4.000 08/01/39	CO COSMED 4 08/01/20	0.460%
122	Downtown Revitalization P 5.25 05/31/2043	-	0.420%
123	Gas Worx Community Development District, Series 2025 5 05/01/2036	-	0.400%
124	Rock Island Cnty Il Sch Dist #41 Rock Island 5 2044-01-01	-	0.400%
125	California Community Choice Financing Authority Series 2023 5.26%, 02/01/54	-	0.400%
126	Cobb Cnty Ga Dev Auth Charters Regd B/E 5.70000000	-	0.400%
127	Wayne Co Mi Aar 5% 12/1/2044 @ 0.05 2044-12-01	-	0.390%
128	National Fin Auth N H Mun Ctfs 5.15% Sep 28, 2037	-	0.370%
129	TULSA OK MUNI ARPT TRUST TRUST TULAPT 12/40 FIXED 6.25	-	0.370%
130	North Carolina Medical Care Commission, Series 2025 5.25 2045-12-01	-	0.330%
131	Public Fin Auth Wi Revenue Pubgen 07/44 Fixed 5.5	WI PUBGEN 5.5 07/01/	0.330%
132	Washington Health Care Facilities Authority, Series 2025, Rb	-	0.330%
133	Metropolitan Transportation Authority 5.0% 11/15/2042	NY MTATRN 5 11/15/20	0.320%
134	N Las Vegas -Rev 5.5% 06/01/2037	-	0.320%
135	North Las Vegas (City Of), Nv Special Improvement District No. 66 (Villages At Tule Springs Village 5.75 06-01-2042	-	0.320%
136	Rookery Cdd Fl Capital Impt Re Rookery Cdd 5% 2044-05-01	-	0.320%
137	La Paz County Industrial Development Authority	-	0.310%
138	Nj Transprtn Trust-Aa 5 2045-06-15	-	0.310%
139	Newark Higher Ed Fin Corp Tex 5% Aug 15, 2037 5	-	0.310%
140	Orange Cnty Fl Presbyterian Retirement Sf 5.0% 08-01-35 5 2035-08-01	-	0.310%
141	Fx.Rt. Muni Bond	-	0.310%
142	Virginia Small Business Financing Auth. Rev. Refg. (Elizabeth River Crossings Opco, Llc)	VA VASDEV 4 01/01/20	0.310%
143	Arizona St Indl Dev Auth Edu Revenue 5 2038-07-01	-	0.290%
144	New Hope Cultural Edu Facs Fincorp Tx Edu Revenue	-	0.260%
145	Village Cmnty F 4.85% 5/1/2038	-	0.260%
146	Delaware St Economic Dev Auth Rev 4% Oct 01, 2035 4 2035-10-01	-	0.250%
147	Normandy Cdd Fl Capital Impt Revenue 4.63 2031-05-01	-	0.250%
148	Build Nyc Resource Corp Ny Rev Buigen 06/32 Fixed 5	-	0.250%
149	National Fin Auth Nh Muni Ctfs Nfadev 07/41 Fixed Oid 4.25 4.25	-	0.240%
150	Public Finance Authority Of Wisconsin, Charter School Revenue Bonds, Foundation Academy Charter School Project, Series 2024 5 07/01/2035	-	0.230%
151	Mondev 5.000 11/15/36	PA MONDEV 5 11/15/20	0.220%
152	Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Lake Charles Charter Academy Foundation Project, Refunding Series 2024A	LA LASFAC 5 12/15/20	0.210%
153	Florida St Dev Fin Corp Sol Wst Disp Rev N/C, 4.50%, Due 07/01/2032	-	0.200%
154	Illinois Finance Authority 2029-09-27	-	0.200%
155	Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida Llc Issue, Seri 5% 07/01/2044	-	0.190%
156	California Infrastructure & Ec 12% Nov 02, 2026	-	0.180%
157	Illinois St Fin Auth Revenue 2042-05-15	-	0.170%
158	Dekalb County Housing Authority 4.13 12/01/2034	-	0.160%
159	Florida Dev Fin Corp Solid Was 4.38% Oct 01, 2031	FL FLSDEV 10/01/2054	0.160%
160	New York State Environmental Facilities Corp. (Casella Waste Systems, Inc.) Series 2023 5.13%, 09/01/50	NY NYSENV 09/01/2050	0.160%
161	Philadelphia-Unre 5 11/47	-	0.160%
162	Michigan Finance Authority	MI MISFIN 5 12/01/20	0.120%
163	Public Finance Authority 5 07/15/2030	-	0.090%
164	California School Finance Authority, Charter School Revenue Bonds, Partnerships To Uplift Communitie 5.25 08-01-2038	-	0.080%
165	Maine St Fin Auth Sol Wst Disp Regd V/R B/E Amt 4.62500000 2047-12-01	ME MESPOL 12/01/2047	0.070%
166	Buckeye Oh Tobacco Settlement Fing Auth 4%, Due 06/01/2039	OH BUCGEN 4 06/01/20	0.060%
167	Brightline West Eq Warrants	-	0.030%