RFMZ ETF

$13.15

AUM$351M

TER4.27%

Holdings126

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RFMZ ETF

$13.15

RiverNorth Flexible Municipal Income Fund II Inc

AUM$351M

TER4.27%

Holdings126

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

Leveraged fund≈3xWeights reflect notional exposure via swaps/derivatives and do not sum to 100%.

Net exposure

37.3%

Gross exposure

292.2%

Long

164.7%

Short

-127.5%

Cash & collateral

0.0%

As of Mar 31, 2026

Showing top 50 of 125 holdings · as of Mar 31, 2026

RFMZ holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Sector	Industry
1	MCSXX	Blackrock Liquidity Funds Municash Portfolio, Institutional SharesFinancials · Capital Markets	10.12%	10.1%	34,815,668	$34.82M	Financials	Capital Markets
2	MHD	Blackrock Muniholdings Fund	8.95%	19.1%	2,729,820	$30.79M	-	-
Sector and industry · Pro
3	MQY	Blackrock Muniyield Quality Fund	8.09%	27.2%	2,536,329	$27.85M
4	—	Chicago -A-Amt 5.25 1/45	4.52%	31.7%	-	$15.56M
5	Debt	Chicago Il Park Di	4.48%	36.2%	-	$15.40M
6	—	Hawaii State, Airport System Revenue Bonds, Series 2018a	4.37%	40.5%	-	$15.05M
7	Debt	Illinois St	4.17%	44.7%	-	$14.34M
8	—	Pennsylvania (state Of) Turnpike Commission, Series 2020 B, Rb	4.17%	48.9%	-	$14.36M
9	MYI	Blackrock Muniyield Quality Fund Iii Inc	4.11%	53.0%	1,347,104	$14.16M
10	Debt	City Of Los Angeles Department Of Airports	4.08%	57.1%	-	$14.06M
11	—	New York Ny Regd B/E 5.50000000	3.73%	60.8%	-	$12.85M
12	Debt	Ishares National Muni Bond ETF	3.51%	64.3%	113,943	$12.10M
13	—	Triborough Bridge and Tunnel Authority, New York, Payroll Mobility Tax Senior Lien Bonds, Series 2022C	3.32%	67.6%	-	$11.43M
14	Debt	Michigan St Trun	3.18%	70.8%	-	$10.95M
15	—	Denver City & County School District	3.16%	74.0%	-	$10.87M
16	—	Houston Tx Hotel Occupancy Tax Houfac 09/58 Fixed 5.5	3.06%	77.0%	-	$10.54M
17	—	Ny & Nj Port Aut 5.5 8/52	3.04%	80.1%	-	$10.45M
18	—	Hampton Roads Transportation Accountability Commision, Revenue Bonds, Senior Lien Series 2020a	2.98%	83.0%	-	$10.25M
19	—	Port Of Seattle Wa 5 2046-08-01	2.96%	86.0%	-	$10.20M
20	—	Clackamas County, Or School District	2.95%	89.0%	-	$10.15M
21	—	Metropolitan Washington Airports Authority, Series 2018, Rb 5 2043-10-01	2.85%	91.8%	-	$9.81M
22	VKQ	Invesco Municipal Trust	2.77%	94.6%	1,001,155	$9.53M
23	—	Las Vegas Valley Water District 5 2053-06-01	2.66%	97.2%	-	$9.15M
24	BTT	Blackrock Municipal 2030 Target Term Tr	2.45%	99.7%	370,888	$8.42M
25	Debt	Kentucky Bond Development Corp. (Kentucky Communications Network)	2.39%	102.1%	-	$8.21M
26	Debt	New York St D(Ny State Pit)	2.36%	104.4%	-	$8.11M
27	Debt	South Carolina Public Service Authority	2.33%	106.8%	-	$8.01M
28	Debt	Rhode Island Health & Educational Facility Revenue Bonds	2.28%	109.0%	-	$7.83M
29	Debt	Los Angeles Department Of Water & Power Water System Revenue	2.16%	111.2%	-	$7.44M
30	—	California State University	2.14%	113.3%	-	$7.38M
31	—	Cleveland-Cuyahoga County Port Authority 08/01/2047	2.11%	115.4%	-	$7.26M
32	VMO	Invesco Municipal Opportunity Trust	2.09%	117.5%	756,295	$7.19M
33	Debt	Triborough Bridge	2.08%	119.6%	-	$7.17M
34	MMU	Western Asset Managed Municipals Fund	1.97%	121.6%	660,165	$6.79M
35	—	Clark County Water Reclamation District	1.65%	123.2%	-	$5.69M
36	—	New Jersey St Transn Tr Fd Aut 5% Jun 15, 2050	1.64%	124.9%	-	$5.65M
37	—	Rockford Mi Public Sch Dist 05/01/2049	1.64%	126.5%	-	$5.65M
38	—	New York Transn Dev Corp Spl F 6% Jun 30, 2050	1.56%	128.1%	-	$5.36M
39	—	New York St Dorm Auth Revs Non 5.5% Jul 01, 2054	1.55%	129.6%	-	$5.35M
40	—	San Francisco Calif Cit 5.5 01May55	1.53%	131.2%	-	$5.28M
41	—	Battery Park City Authority N Y 5.25% Nov 01, 2055	1.53%	132.7%	-	$5.26M
42	Debt	Eaton Vance Municipal Bond Fund	1.53%	134.2%	539,493	$5.27M
43	—	Airport System Rb Series 2022A	1.50%	135.7%	-	$5.15M
44	—	Southeastern Pennsylvania Transportation Authority, Revenue Bonds, Asset Improvement Series 2022	1.49%	137.2%	-	$5.14M
45	Debt	Texas Water Development Board	1.49%	138.7%	-	$5.12M
46	XMUCX	Blackrock Muniholdings California Quality Fund, Inc.	1.42%	140.1%	468,569	$4.87M
47	Debt	Fannie Mae Pool Fs3806	1.41%	141.5%	-	$4.84M
48	EUFN	Ishares Msci Eur	1.39%	142.9%	557,181	$4.78M
49	Debt	Sacramento City Unified School District/Ca	1.37%	144.3%	-	$4.73M
50	—	Metropolitan Pier & Exposition Auth 0 06-15-2043	1.34%	145.6%	-	$4.63M
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RFMZ ETF All Holdings

RFMZ holdings total 126 positions. The top 10 holdings account for 57.1% of the fund, led by Blackrock Liquidity Funds Municash Portfolio, Institutional Shares at 10.1%, Blackrock Muniholdings Fund at 8.9%, Blackrock Muniyield Quality Fund at 8.1%.

RFMZ portfolio concentration is relatively high, with the top 10 representing 57.1% of total assets. The largest sector exposure is Financials at 34.4%.

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

Compare RFMZ

RFMZ vs SPY RFMZ vs QQQ RFMZ vs VOO RFMZ vs VTI RFMZ vs IVV RFMZ vs SCHD RFMZ vs VYM RFMZ vs VXUS

RFMZ ETF Holdings

125 of 126 holdings

Sector

Industry

Sort By

1
Blackrock Liquidity Funds Municash Portfolio, Institutional Shares
MCSXXFinancials
10.12%
2
Blackrock Muniholdings Fund
MHDUnknown
8.95%
3
Blackrock Muniyield Quality Fund
MQYUnknown
8.09%
4
Chicago -A-Amt 5.25 1/45
Other
4.52%
5
Chicago Il Park Di 5% 01/01/44
Other
4.48%
6
Hawaii State, Airport System Revenue Bonds, Series 2018a
Other
4.37%
7
Illinois St 5.5% 05/01/39
IL ILS 5.5 05/01/203Financials
4.17%
8
Pennsylvania (state Of) Turnpike Commission, Series 2020 B, Rb
PA PASTRN 5 12/01/20Utilities
4.17%
9
Blackrock Muniyield Quality Fund Iii Inc
MYIUnknown
4.11%
10
City Of Los Angeles Department Of Airports 5% 05/15/2051
Other
4.08%
11
New York Ny Regd B/E 5.50000000
NY NYC 5.5 05/01/204Real Estate
3.73%
12
Ishares National Muni Bond ETF
MUBFinancials
3.51%
13
Triborough Bridge And Tunnel Authority, New York, Payroll Mobility Tax Senior Lien Bonds, Series 2022C
NY TRBTRN 5.25 05/15Financials
3.32%
14
Michigan St Trun 5.5% 11/15/44
MI MISTRN 5.5 11/15/Industrials
3.18%
15
Denver City & County School District
CO DENSCD 5.5 12/01/Financials
3.16%
16
Houston Tx Hotel Occupancy Tax Houfac 09/58 Fixed 5.5
Other
3.06%
17
Ny & Nj Port Aut 5.5 8/52
Other
3.04%
18
Hampton Roads Transportation Accountability Commision, Revenue Bonds, Senior Lien Series 2020a
VA HRDTRN 5.25 07/01Industrials
2.98%
19
Port Of Seattle Wa 5 2046-08-01
Other
2.96%
20
Clackamas County, Or School District
OR CLASCD 5 06/15/20Consumer Discretionary
2.95%
21
Metropolitan Washington Airports Authority, Series 2018, Rb 5 2043-10-01
Other
2.85%
22
Invesco Municipal Trust
VKQUnknown
2.77%
23
Las Vegas Valley Water District 5 2053-06-01
Other
2.66%
24
Blackrock Municipal 2030 Target Term Tr
BTTUnknown
2.45%
25
Kentucky Bond Development Corp. (Kentucky Communications Network)
Other
2.39%
26
New York St D(Ny State Pit) 5% 3/15/41
NY NYSHGR 5 03/15/20Financials
2.36%
27
South Carolina Public Service Authority 5.75 12/01/2052
SC SCSUTL 5.75 12/01Utilities
2.33%
28
Rhode Island Health & Educational Facility Revenue Bonds 5.5 05/15/2052
Other
2.28%
29
Los Angeles Department Of Water & Power Water System Revenue 5 07/01/2048
CA LOSUTL 5 07/01/20Utilities
2.16%
30
California State University
Other
2.14%
31
Cleveland-Cuyahoga County Port Authority 08/01/2047
OH CLETRN 5.5 08/01/Industrials
2.11%
32
Invesco Municipal Opportunity Trust
VMOUnknown
2.09%
33
Triborough Bridge 5% 11/15/49
NY TRBTRN 5 11/15/20Financials
2.08%
34
Western Asset Managed Municipals Fund
MMUUnknown
1.97%
35
Clark County Water Reclamation District
Other
1.65%
36
New Jersey St Transn Tr Fd Aut 5% Jun 15, 2050
Other
1.64%
37
Rockford Mi Public Sch Dist 05/01/2049
Other
1.64%
38
New York Transn Dev Corp Spl F 6% Jun 30, 2050
Other
1.56%
39
New York St Dorm Auth Revs Non 5.5% Jul 01, 2054
NY NYSHGR 5.5 07/01/Financials
1.55%
40
San Francisco Calif Cit 5.5 01May55
CA SFOAPT 5.5 05/01/Real Estate
1.53%
41
Battery Park City Authority N Y 5.25% Nov 01, 2055
Other
1.53%
42
Eaton Vance Municipal Bond Fund
EIMUnknown
1.53%
43
Airport System Rb Series 2022A
Other
1.50%
44
Southeastern Pennsylvania Transportation Authority, Revenue Bonds, Asset Improvement Series 2022
PA SEPTRN 5.25 06/01Utilities
1.49%
45
Texas Water Development Board 5 10/15/2060
Other
1.49%
46
Blackrock Muniholdings California Quality Fund, Inc.
XMUCXUnknown
1.42%
47
Fannie Mae Pool Fs3806 2.50% 7/1/2052
Other
1.41%
48
Ishares Msci Eur
EUFNUnknown
1.39%
49
Sacramento City Unified School District/Ca 5.5 08/01/2047
CA SACSCD 5.5 08/01/Consumer Discretionary
1.37%
50
Metropolitan Pier & Exposition Auth 0 06-15-2043
IL MPNFAC 0 06/15/20Financials
1.34%
51
Alliancebernstein National Municipal Income Fund, Inc.
AFBUnknown
1.22%
52
Fx.rt. Muni Bond 06/30/2058
TX TXSTRN 5 06/30/20Industrials
1.13%
53
Blackrock Muniyield New York Quality Fund, Inc.
MYNUnknown
1.08%
54
Bny Mellon Strategic Municipals Inc
LEOUnknown
0.98%
55
Neuberger Berman Intermediate Municipal Fund
NBHUnknown
0.97%
56
Putnam Municipal Opportunities Trust
PMOUnknown
0.91%
57
Missouri St Hlth & Eductnl Fac Regd N/C B/E Ag-Cr 5.00000000
Other
0.90%
58
Ehove Joint Vocational School District 5.5 2060-12-01
Other
0.87%
59
Casgen 5.250 12/01/56
CA CASGEN 5.25 12/01Financials
0.76%
60
Virginia Small Business Fing A Regd B/e Amt 5.00000000
Other
0.76%
61
Michigan St Strategic Fund Ltd Oblg Revenue
Other
0.68%
62
Indiana St Fin Aut 5% 06/01/53
IN INDHSG 5 06/01/20Financials
0.62%
63
Nuveen Amt-free Muni Val Fd
NUWUnknown
0.58%
64
Mta Hudson Rail Yards Trust Obligs Revenue 5 11/15/2056
NY MTAGEN 5 11/15/20Financials
0.57%
65
Mobile Cnty Al Indl Dev Auth Sol Wst Disp Revenue
Other
0.55%
66
Salt Lake City Ut Arpt Revenue
Other
0.52%
67
MFS Investment Grade Municipal Trust
CXHUnknown
0.51%
68
Nuveen Pennsylvania Quality Municipal Income Fund
NQPUnknown
0.48%
69
Municipal Elec 5% 01/59
GA MELPWR 5 01/01/20Utilities
0.45%
70
Municipal Electric Authority Of Georgia 5 01/01/2059
GA MELPWR 5 01/01/20Utilities
0.45%
71
Savannah-Georgia Convention Center Authority, Convention Center Hotel First Tier Revenue Bonds, Series 2025A
Other
0.40%
72
Western Asset Intermediate Muni Fund, Inc.
SBIUnknown
0.40%
73
Idaho Housing & Finance Association 01/01/2054
Other
0.39%
74
Blackrock Taxable Municipal Bond Trust
BBNFinancials
0.39%
75
Blackrock Muniassets Fund
MUAUnknown
0.39%
76
Commonwealth of Puerto Rico 4.00% 07/01/2035
PR PRC 4 07/01/2035Financials
0.34%
77
Nuveen New York Amt-free Municipal Income Fund
XNRKXUnknown
0.33%
78
Mfs Municipal Income Trust
MFMUnknown
0.30%
79
Mfs High Income Municipal Trust
CXEUnknown
0.29%
80
Pimco Municipal Income Fund Ii
PMLUnknown
0.28%
81
abrdn National Municipal Income Fund
VFLUnknown
0.24%
82
Puerto Rico Sales Tax Fing Corp Sales Tax Revenue
PR PRCGEN 4.78 07/01Financials
0.10%
83
Pimco New York Municipal Income Fund Ii
PNIUnknown
0.08%
84
Putnam Managed Municipal Income Trust
PMMUnknown
0.08%
85
Mfs High Yield Municipal Trust
CMUUnknown
0.04%
86
Bny Mellon Municipal Bond Infrastructure Fund In
DMBUnknown
0.03%
87
Invesco Advantage Muni Income Tr Ii
VKIUnknown
0.01%
88
Invesco Quality Municipal Income Trust
IQIUnknown
0.00%
89
Tender Option Bond Trust Receipts / Ctfs Various States 0.960
Other
-0.41%
90
Sacramento City Unified School District 2.49% 2047-08-01
Other
-1.05%
91
Tender Option Bond Trust Recei
Other
-1.05%
92
Greater Asheville Regional Airport Authority 0.98% 2030-01-01
Other
-1.16%
93
San Francisco Ca Arpt 2025-Xm1205-Mst Q=Jp D1@ 05/01/2055
Other
-1.16%
94
Septa Pa 2025-Xg0625-Mst Q=Rc D7 0 2052-06-01
Other
-1.16%
95
Rb Series 2024A 3.350000%
Other
-1.16%
96
Tender Option Bond Trust Recei
Other
-1.16%
97
TRI-PARTY WELLS FARGO SECURITIES L Feb 05, 2026
Other
-1.16%
98
Nj Transp Fd 2021-Xm0929-Mst Q=Jpmc Bk D7 0.0022 2045-06-15
Other
-1.21%
99
Tender Option Bond Trust Recei
Other
-1.21%
100
Tndr Opt-Fltr-Xm1025
Other
-1.53%
101
Triborough Bridge & Tunnel Authority 4.750000% 2029/05/15
Other
-1.63%
102
Ca St Univ Rev 2023-Xm1140-Mst Q=Bc D7, 3.89%
Other
-1.63%
103
New York State Dormitory Authority 3.69% 2030-03-15
Other
-1.67%
104
Tender Option Bond Trust Receipts/Certificates 2.750000%
Other
-1.71%
105
Rhode Island Health And Educational Building Corporation 2.52% 2030-05-15
Other
-1.74%
106
Tender Option Bond Trust Receipts / Ctfs Various States 0.970
Other
-1.74%
107
Kentucky Bond Development Corp. 3.920000% 3.92 09/01/2028
Other
-1.86%
108
Las Vegas Valley Water District 3.9% 2053-06-01
Other
-1.95%
109
The Port Authority Of New York And New Jersey 0.92% 2052-08-01
Other
-2.18%
110
State Of Michigan Trunk Line Revenue 4.010000% 2044/11/15
Other
-2.18%
111
Denver Colorado City And County School District 2.000000% 12/01/2049
Other
-2.18%
112
Metropolitan Washington Airports Auth 0.99% 2027-04-01
Other
-2.24%
113
Port Of Seattle Rev. 2.58% 2046-08-01
Other
-2.32%
114
Oregon City School District 3.910000% 06/15/2049
Other
-2.32%
115
Hampton Roads Transportation Accountability Commission 4.07% 2029-01-01
Other
-2.32%
116
Houston Tx Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 3.120000% 3.12 2034-03-01
Other
-2.32%
117
Triborough Bridge & Tunnel Authority 4.0% 2030-05-15
Other
-2.57%
118
HI ST ARPT 2022-XG0386-MST Q=MO D7@
Other
-2.62%
119
Pennsylvania Tpk. Commission Tpk. Rev. 0.94% 2050-12-01
Other
-2.71%
120
New York City Gen. Oblig. 0.94% 2044-05-01
Other
-2.79%
121
Tender Option Bond Trust Recei 3.71% 2039-05-01
Other
-2.96%
122
Los Angeles Dept Of Airports 2.54% 2029-05-15
Other
-3.25%
123
Chicago Ohare Il 2022-Xm1038-Mst Agm/Jpmc Bk D7@ 0.0217 2045-01-01
Other
-3.49%
124
Us Long Bond Future
Other
-20.52%
125
Us 10Yr Note Future
Other
-41.14%

#	Company	Ticker	Weight
1	Blackrock Liquidity Funds Municash Portfolio, Institutional Shares	MCSXX	10.120%
2	Blackrock Muniholdings Fund	MHD	8.950%
3	Blackrock Muniyield Quality Fund	MQY	8.090%
4	Chicago -A-Amt 5.25 1/45	-	4.520%
5	Chicago Il Park Di 5% 01/01/44	-	4.480%
6	Hawaii State, Airport System Revenue Bonds, Series 2018a	-	4.370%
7	Illinois St 5.5% 05/01/39	IL ILS 5.5 05/01/203	4.170%
8	Pennsylvania (state Of) Turnpike Commission, Series 2020 B, Rb	PA PASTRN 5 12/01/20	4.170%
9	Blackrock Muniyield Quality Fund Iii Inc	MYI	4.110%
10	City Of Los Angeles Department Of Airports 5% 05/15/2051	-	4.080%
11	New York Ny Regd B/E 5.50000000	NY NYC 5.5 05/01/204	3.730%
12	Ishares National Muni Bond ETF	MUB	3.510%
13	Triborough Bridge And Tunnel Authority, New York, Payroll Mobility Tax Senior Lien Bonds, Series 2022C	NY TRBTRN 5.25 05/15	3.320%
14	Michigan St Trun 5.5% 11/15/44	MI MISTRN 5.5 11/15/	3.180%
15	Denver City & County School District	CO DENSCD 5.5 12/01/	3.160%
16	Houston Tx Hotel Occupancy Tax Houfac 09/58 Fixed 5.5	-	3.060%
17	Ny & Nj Port Aut 5.5 8/52	-	3.040%
18	Hampton Roads Transportation Accountability Commision, Revenue Bonds, Senior Lien Series 2020a	VA HRDTRN 5.25 07/01	2.980%
19	Port Of Seattle Wa 5 2046-08-01	-	2.960%
20	Clackamas County, Or School District	OR CLASCD 5 06/15/20	2.950%
21	Metropolitan Washington Airports Authority, Series 2018, Rb 5 2043-10-01	-	2.850%
22	Invesco Municipal Trust	VKQ	2.770%
23	Las Vegas Valley Water District 5 2053-06-01	-	2.660%
24	Blackrock Municipal 2030 Target Term Tr	BTT	2.450%
25	Kentucky Bond Development Corp. (Kentucky Communications Network)	-	2.390%
26	New York St D(Ny State Pit) 5% 3/15/41	NY NYSHGR 5 03/15/20	2.360%
27	South Carolina Public Service Authority 5.75 12/01/2052	SC SCSUTL 5.75 12/01	2.330%
28	Rhode Island Health & Educational Facility Revenue Bonds 5.5 05/15/2052	-	2.280%
29	Los Angeles Department Of Water & Power Water System Revenue 5 07/01/2048	CA LOSUTL 5 07/01/20	2.160%
30	California State University	-	2.140%
31	Cleveland-Cuyahoga County Port Authority 08/01/2047	OH CLETRN 5.5 08/01/	2.110%
32	Invesco Municipal Opportunity Trust	VMO	2.090%
33	Triborough Bridge 5% 11/15/49	NY TRBTRN 5 11/15/20	2.080%
34	Western Asset Managed Municipals Fund	MMU	1.970%
35	Clark County Water Reclamation District	-	1.650%
36	New Jersey St Transn Tr Fd Aut 5% Jun 15, 2050	-	1.640%
37	Rockford Mi Public Sch Dist 05/01/2049	-	1.640%
38	New York Transn Dev Corp Spl F 6% Jun 30, 2050	-	1.560%
39	New York St Dorm Auth Revs Non 5.5% Jul 01, 2054	NY NYSHGR 5.5 07/01/	1.550%
40	San Francisco Calif Cit 5.5 01May55	CA SFOAPT 5.5 05/01/	1.530%
41	Battery Park City Authority N Y 5.25% Nov 01, 2055	-	1.530%
42	Eaton Vance Municipal Bond Fund	EIM	1.530%
43	Airport System Rb Series 2022A	-	1.500%
44	Southeastern Pennsylvania Transportation Authority, Revenue Bonds, Asset Improvement Series 2022	PA SEPTRN 5.25 06/01	1.490%
45	Texas Water Development Board 5 10/15/2060	-	1.490%
46	Blackrock Muniholdings California Quality Fund, Inc.	XMUCX	1.420%
47	Fannie Mae Pool Fs3806 2.50% 7/1/2052	-	1.410%
48	Ishares Msci Eur	EUFN	1.390%
49	Sacramento City Unified School District/Ca 5.5 08/01/2047	CA SACSCD 5.5 08/01/	1.370%
50	Metropolitan Pier & Exposition Auth 0 06-15-2043	IL MPNFAC 0 06/15/20	1.340%
51	Alliancebernstein National Municipal Income Fund, Inc.	AFB	1.220%
52	Fx.rt. Muni Bond 06/30/2058	TX TXSTRN 5 06/30/20	1.130%
53	Blackrock Muniyield New York Quality Fund, Inc.	MYN	1.080%
54	Bny Mellon Strategic Municipals Inc	LEO	0.980%
55	Neuberger Berman Intermediate Municipal Fund	NBH	0.970%
56	Putnam Municipal Opportunities Trust	PMO	0.910%
57	Missouri St Hlth & Eductnl Fac Regd N/C B/E Ag-Cr 5.00000000	-	0.900%
58	Ehove Joint Vocational School District 5.5 2060-12-01	-	0.870%
59	Casgen 5.250 12/01/56	CA CASGEN 5.25 12/01	0.760%
60	Virginia Small Business Fing A Regd B/e Amt 5.00000000	-	0.760%
61	Michigan St Strategic Fund Ltd Oblg Revenue	-	0.680%
62	Indiana St Fin Aut 5% 06/01/53	IN INDHSG 5 06/01/20	0.620%
63	Nuveen Amt-free Muni Val Fd	NUW	0.580%
64	Mta Hudson Rail Yards Trust Obligs Revenue 5 11/15/2056	NY MTAGEN 5 11/15/20	0.570%
65	Mobile Cnty Al Indl Dev Auth Sol Wst Disp Revenue	-	0.550%
66	Salt Lake City Ut Arpt Revenue	-	0.520%
67	MFS Investment Grade Municipal Trust	CXH	0.510%
68	Nuveen Pennsylvania Quality Municipal Income Fund	NQP	0.480%
69	Municipal Elec 5% 01/59	GA MELPWR 5 01/01/20	0.450%
70	Municipal Electric Authority Of Georgia 5 01/01/2059	GA MELPWR 5 01/01/20	0.450%
71	Savannah-Georgia Convention Center Authority, Convention Center Hotel First Tier Revenue Bonds, Series 2025A	-	0.400%
72	Western Asset Intermediate Muni Fund, Inc.	SBI	0.400%
73	Idaho Housing & Finance Association 01/01/2054	-	0.390%
74	Blackrock Taxable Municipal Bond Trust	BBN	0.390%
75	Blackrock Muniassets Fund	MUA	0.390%
76	Commonwealth of Puerto Rico 4.00% 07/01/2035	PR PRC 4 07/01/2035	0.340%
77	Nuveen New York Amt-free Municipal Income Fund	XNRKX	0.330%
78	Mfs Municipal Income Trust	MFM	0.300%
79	Mfs High Income Municipal Trust	CXE	0.290%
80	Pimco Municipal Income Fund Ii	PML	0.280%
81	abrdn National Municipal Income Fund	VFL	0.240%
82	Puerto Rico Sales Tax Fing Corp Sales Tax Revenue	PR PRCGEN 4.78 07/01	0.100%
83	Pimco New York Municipal Income Fund Ii	PNI	0.080%
84	Putnam Managed Municipal Income Trust	PMM	0.080%
85	Mfs High Yield Municipal Trust	CMU	0.040%
86	Bny Mellon Municipal Bond Infrastructure Fund In	DMB	0.030%
87	Invesco Advantage Muni Income Tr Ii	VKI	0.010%
88	Invesco Quality Municipal Income Trust	IQI	0.000%
89	Tender Option Bond Trust Receipts / Ctfs Various States 0.960	-	-0.410%
90	Sacramento City Unified School District 2.49% 2047-08-01	-	-1.050%
91	Tender Option Bond Trust Recei	-	-1.050%
92	Greater Asheville Regional Airport Authority 0.98% 2030-01-01	-	-1.160%
93	San Francisco Ca Arpt 2025-Xm1205-Mst Q=Jp D1@ 05/01/2055	-	-1.160%
94	Septa Pa 2025-Xg0625-Mst Q=Rc D7 0 2052-06-01	-	-1.160%
95	Rb Series 2024A 3.350000%	-	-1.160%
96	Tender Option Bond Trust Recei	-	-1.160%
97	TRI-PARTY WELLS FARGO SECURITIES L Feb 05, 2026	-	-1.160%
98	Nj Transp Fd 2021-Xm0929-Mst Q=Jpmc Bk D7 0.0022 2045-06-15	-	-1.210%
99	Tender Option Bond Trust Recei	-	-1.210%
100	Tndr Opt-Fltr-Xm1025	-	-1.530%
101	Triborough Bridge & Tunnel Authority 4.750000% 2029/05/15	-	-1.630%
102	Ca St Univ Rev 2023-Xm1140-Mst Q=Bc D7, 3.89%	-	-1.630%
103	New York State Dormitory Authority 3.69% 2030-03-15	-	-1.670%
104	Tender Option Bond Trust Receipts/Certificates 2.750000%	-	-1.710%
105	Rhode Island Health And Educational Building Corporation 2.52% 2030-05-15	-	-1.740%
106	Tender Option Bond Trust Receipts / Ctfs Various States 0.970	-	-1.740%
107	Kentucky Bond Development Corp. 3.920000% 3.92 09/01/2028	-	-1.860%
108	Las Vegas Valley Water District 3.9% 2053-06-01	-	-1.950%
109	The Port Authority Of New York And New Jersey 0.92% 2052-08-01	-	-2.180%
110	State Of Michigan Trunk Line Revenue 4.010000% 2044/11/15	-	-2.180%
111	Denver Colorado City And County School District 2.000000% 12/01/2049	-	-2.180%
112	Metropolitan Washington Airports Auth 0.99% 2027-04-01	-	-2.240%
113	Port Of Seattle Rev. 2.58% 2046-08-01	-	-2.320%
114	Oregon City School District 3.910000% 06/15/2049	-	-2.320%
115	Hampton Roads Transportation Accountability Commission 4.07% 2029-01-01	-	-2.320%
116	Houston Tx Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 3.120000% 3.12 2034-03-01	-	-2.320%
117	Triborough Bridge & Tunnel Authority 4.0% 2030-05-15	-	-2.570%
118	HI ST ARPT 2022-XG0386-MST Q=MO D7@	-	-2.620%
119	Pennsylvania Tpk. Commission Tpk. Rev. 0.94% 2050-12-01	-	-2.710%
120	New York City Gen. Oblig. 0.94% 2044-05-01	-	-2.790%
121	Tender Option Bond Trust Recei 3.71% 2039-05-01	-	-2.960%
122	Los Angeles Dept Of Airports 2.54% 2029-05-15	-	-3.250%
123	Chicago Ohare Il 2022-Xm1038-Mst Agm/Jpmc Bk D7@ 0.0217 2045-01-01	-	-3.490%
124	Us Long Bond Future	-	-20.520%
125	Us 10Yr Note Future	-	-41.140%