# EDGAR Filing Document

**Accession Number:** 0000878663
**File Stem:** 0000878663-25-000025
**Filing Date:** 2025-9
**Character Count:** 130241
**Document Hash:** 73fb9d18548675c5cb430091490ebea9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000878663-25-000025.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0000878663-25-000025

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 22

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**EFFECTIVENESS DATE**: 20250922

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY NEW YORK MUNICIPAL TRUST II
- **CENTRAL INDEX KEY:** 0000878663

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06398
- **FILM NUMBER:** 251328968

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity New York Municipal Money Market Fund (Formerly known as Fidelity New York AMT Tax-Free Money Market Fund) (Series ID: S000007146)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000019550 | Premium Class                                 | FSNXX           |
| C000047915 | Institutional Class                           | FNKXX           |
| C000238264 | Fidelity New York Municipal Money Market Fund | FAWXX           |

?xml version='1.0' encoding='ASCII'? Prospectus - Investment Objective

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number <u>811-06398</u>

<u>Fidelity New York Municipal Trust II</u>

(Exact name of registrant as specified in charter)

<u>245 Summer St., Boston, MA 02210</u>

(Address of principal executive offices) &nbsp;&nbsp;&nbsp;&nbsp; (Zip code)

Nicole Macarchuk, Secretary

245 Summer St.

<u>Boston, Massachusetts 02210</u>

(Name and address of agent for service)

Registrant's telephone number, including area code:

<u>617-563-7000</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;Date of fiscal year end: | &nbsp;&nbsp;January 31 |
| &nbsp;&nbsp;Date of reporting period: | &nbsp;&nbsp;July 31, 2025 |

---

Item 1.

<u>Reports to Stockholders</u>

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Money Market Fund<br> **Fidelity® New York Municipal Money Market Fund : FAWXX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Money Market Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-544-8544 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Fidelity® New York Municipal Money Market Fund  | $21  | 0.42% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $4468711800<br>|
| Number of Holdings | 423<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **EFFECTIVE MATURITY DIVERSIFICATION**<br> **(% of Fund's net assets)** | **EFFECTIVE MATURITY DIVERSIFICATION**<br> **(% of Fund's net assets)** |
| <br> Days | <br> Days |
| 1-7 | 85.0 |
| 8-30 | 0.3 |
| 31-60 | 4.9 |
| 61-90 | 0.8 |
| 91-180 | 2.9 |
| >180 | 5.6 |

---

---

| | |
|:---|:---|
| Variable Rate Demand Notes (VRDNs) | 50.1 |
| Tender Option Bond | 26.8 |
| Municipal Securities | 12.7 |
| Commercial Paper | 1.7 |
| Net Other Assets (Liabilities) | 8.7 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img422_20250731_AA.jpg) <br>|

---

---

| |
|:---|
| Variable Rate Demand Notes (VRDNs) - 50.1 |
| Tender Option Bond - 26.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Municipal Securities - 12.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Commercial Paper - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Net Other Assets (Liabilities) - 8.7&nbsp;&nbsp;&nbsp;&nbsp; |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img422_20250731_1.jpg)<br>| ![](img111690_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914428.101 6959-TSRS-0925 <br>|

---

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Money Market Fund<br> **Fidelity® New York Municipal Money Market Fund Premium Class : FSNXX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Money Market Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-800-544-8544 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Premium Class  | $15  | 0.30% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $4468711800<br>|
| Number of Holdings | 423<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **EFFECTIVE MATURITY DIVERSIFICATION**<br> **(% of Fund's net assets)** | **EFFECTIVE MATURITY DIVERSIFICATION**<br> **(% of Fund's net assets)** |
| <br> Days | <br> Days |
| 1-7 | 85.0 |
| 8-30 | 0.3 |
| 31-60 | 4.9 |
| 61-90 | 0.8 |
| 91-180 | 2.9 |
| >180 | 5.6 |

---

---

| | |
|:---|:---|
| Variable Rate Demand Notes (VRDNs) | 50.1 |
| Tender Option Bond | 26.8 |
| Municipal Securities | 12.7 |
| Commercial Paper | 1.7 |
| Net Other Assets (Liabilities) | 8.7 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img422_20250731_AA.jpg) <br>|

---

---

| |
|:---|
| Variable Rate Demand Notes (VRDNs) - 50.1 |
| Tender Option Bond - 26.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Municipal Securities - 12.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Commercial Paper - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Net Other Assets (Liabilities) - 8.7&nbsp;&nbsp;&nbsp;&nbsp; |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img422_20250731_1.jpg)<br>| ![](img111691_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914427.101 422-TSRS-0925 <br>|

---

---

| |
|:---|
| **SEMI-ANNUAL SHAREHOLDER REPORT \|** AS OF JULY 31, 2025 |
| Fidelity® New York Municipal Money Market Fund<br> **Fidelity® New York Municipal Money Market Fund Institutional Class : FNKXX** <br>|

---

This semi-annual shareholder report contains information about Fidelity® New York Municipal Money Market Fund for the period February 1, 2025 to July 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to fidfunddocuments@fidelity.com.

**What were your Fund costs for the last six months?**

(based on hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Institutional Class  | $10  | 0.20% |

---

**Key Fund Statistics**

(as of July 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**  |  |
| Fund Size | $4468711800<br>|
| Number of Holdings | 423<br>|

---

**What did the Fund invest in?** (as of July 31, 2025)

---

| | |
|:---|:---|
| **EFFECTIVE MATURITY DIVERSIFICATION**<br> **(% of Fund's net assets)** | **EFFECTIVE MATURITY DIVERSIFICATION**<br> **(% of Fund's net assets)** |
| <br> Days | <br> Days |
| 1-7 | 85.0 |
| 8-30 | 0.3 |
| 31-60 | 4.9 |
| 61-90 | 0.8 |
| 91-180 | 2.9 |
| >180 | 5.6 |

---

---

| | |
|:---|:---|
| Variable Rate Demand Notes (VRDNs) | 50.1 |
| Tender Option Bond | 26.8 |
| Municipal Securities | 12.7 |
| Commercial Paper | 1.7 |
| Net Other Assets (Liabilities) | 8.7 |

---

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's net assets)** |
| ![](img422_20250731_AA.jpg) <br>|

---

---

| |
|:---|
| Variable Rate Demand Notes (VRDNs) - 50.1 |
| Tender Option Bond - 26.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Municipal Securities - 12.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Commercial Paper - 1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Net Other Assets (Liabilities) - 8.7&nbsp;&nbsp;&nbsp;&nbsp; |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2025 FMR LLC. All rights reserved. |
| ![](img422_20250731_1.jpg)<br>| ![](img111692_2.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9914426.101 1869-TSRS-0925 <br>|

---

Item 2.

<u>Code of Ethics</u>

Not applicable.

Item 3.

<u>Audit Committee Financial Expert</u>

Not applicable.

Item 4.

<u>Principal Accountant Fees and Services</u>

Not applicable.

Item 5.

<u>Audit Committee of Listed Registrants</u>

Not applicable.

Item 6.

<u>Investments</u>

(a) Not applicable.

(b) Not applicable

Item 7.

<u>Financial Statements and Financial Highlights for Open-End Management Investment Companies</u>

**Fidelity® New York Municipal Money Market Fund**

**Semi-Annual Report**

**July 31, 2025**

![](img111948_1.jpg)

![](img111948_2.jpg)

**Contents**

---

| |
|:---|
| **[Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Semi-Annual Report)](#Sec_Item7_NYS-SANN_0)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Fidelity® New York Municipal Money Market Fund](#Sub_Sec_Fund_422_NYS-SANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Notes to Financial Statements](#Sub_Sec_NotestoFinancialStatements422_NYS-SANN)** |
| **[Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies](#Sec_Item8_NYS-SANN)** |
| **[Item 9: Proxy Disclosures for Open-End Management Investment Companies](#Sec_Item9_NYS-SANN)** |
| **[Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies](#Sec_Item10_NYS-SANN)** |
| **[Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract](#Sec_Item11_NYS-SANN)** |

---

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-544-8544, or for Institutional, call 1-877-208-0098, to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company.© 2025 FMR LLC. All rights reserved.

*This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.*

*A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.*

*For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.*

**NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE**

*Neither the Fund nor Fidelity Distributors Corporation is a bank.*

**Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Semi-Annual Report)**

**Fidelity® New York Municipal Money Market Fund**

**Schedule of Investments July 31, 2025 (Unaudited)**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 12.7%** | &nbsp;&nbsp;**Municipal Securities - 12.7%** | &nbsp;&nbsp;**Municipal Securities - 12.7%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Michigan - 0.0%  |  |  |
| Health Care - 0.0% |  |  |
| Kent MI Hosp Fin Auth (Corewell Health Proj.) SIFMA Municipal Swap Index + 0.25%, 2.54% tender 1/15/2047 (b)(c) | 1100000 | 1100000 |
| New Jersey,New York - 0.4%  |  |  |
| Transportation - 0.4% |  |  |
| Port Auth NY & NJ 5% 9/15/2025 (d) | 3620000 | 3626262 |
| Port Auth NY & NJ Series 193, 5% 10/15/2025 (d) | 800000 | 803011 |
| Port Auth NY & NJ Series 194, 5% 10/15/2025  | 260000 | 260938 |
| Port Auth NY & NJ Series 195, 5% 10/1/2025 (d) | 100000 | 100252 |
| Port Auth NY & NJ Series 231, 5% 8/1/2025 (d) | 310000 | 310000 |
| Port Auth NY & NJ Series 246, 5% 9/1/2025 (d) | 10905000 | 10920546 |
|  |  | 16021009 |
| TOTAL NEW JERSEY,NEW YORK |  | 16021009 |
| New York - 12.3%  |  |  |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Build NYC Resource Corp Series 2015, 4% 8/1/2036 (Pre-refunded to 8/1/2025 at 100)  | 1230000 | 1230000 |
| New York NY City Transitional Fin Auth Rev 5% 8/1/2025 (Escrowed to Maturity)  | 275000 | 275000 |
|  |  | 1505000 |
| General Obligations - 11.0% |  |  |
| Amherst NY Gen. Oblig. BAN Series 2024, 4% 10/30/2025  | 1847500 | 1850798 |
| Ardsley NY Un Free Sch Dist BAN Series 2025, 4% 6/3/2026  | 1052000 | 1060555 |
| Auburn Enlarged City School District BAN Series 2025, 4% 6/25/2026  | 19495000 | 19639355 |
| Bethel NY Gen. Oblig. BAN Series 2025, 4% 5/15/2026  | 7500000 | 7508122 |
| Blind Brook-Rye Union Free School District BAN 4% 7/29/2026  | 7216623 | 7283973 |
| Brighton NY BAN 4% 4/8/2026  | 10750000 | 10821470 |
| Burnt Hills Ballston Lake NY Cent Sch Dist BAN Series 2025, 4% 6/18/2026  | 10000000 | 10072467 |
| Central Square NY Cent Sch Dst BAN Series 2024, 4% 10/3/2025  | 21385000 | 21417556 |
| City of New York NY Gen. Oblig. 5% 2/1/2026  | 200000 | 201855 |
| City of New York NY Gen. Oblig. 5% 3/1/2026  | 110000 | 111186 |
| City of New York NY Gen. Oblig. 5% 8/1/2025  | 2175000 | 2175000 |
| City of New York NY Gen. Oblig. 5% 8/1/2025  | 1420000 | 1420000 |
| City of New York NY Gen. Oblig. 5% 8/1/2025  | 1260000 | 1260000 |
| City of New York NY Gen. Oblig. 5% 8/1/2025  | 1175000 | 1175000 |
| City of New York NY Gen. Oblig. 5% 8/1/2025  | 170000 | 170000 |
| City of New York NY Gen. Oblig. Series 2017 A, 5% 8/1/2025  | 100000 | 100000 |
| City of New York NY Gen. Oblig. Series 2018 1, 4% 8/1/2025  | 200000 | 200000 |
| City of New York NY Gen. Oblig. Series 2018 1, 5% 8/1/2025  | 650000 | 650000 |
| City of New York NY Gen. Oblig. Series 2018 C, 5% 8/1/2025  | 16700000 | 16700000 |
| City of New York NY Gen. Oblig. Series 2019 E, 5% 8/1/2025  | 2015000 | 2015000 |
| City of New York NY Gen. Oblig. Series 2021 C, 5% 8/1/2025  | 650000 | 650000 |
| City of New York NY Gen. Oblig. Series 2023 G, 5% 8/1/2025  | 650000 | 650000 |
| City of New York NY Gen. Oblig. Series 2023 SUB F 1, 5% 8/1/2025  | 1070000 | 1070000 |
| City of New York NY Gen. Oblig. Series A 2, 5% 8/1/2025  | 100000 | 100000 |
| City of New York NY Gen. Oblig. Series A, 5% 8/1/2025  | 1195000 | 1195000 |
| City of New York NY Gen. Oblig. Series A, 5% 8/1/2025  | 630000 | 630000 |
| City of New York NY Gen. Oblig. Series C, 4% 8/1/2025  | 100000 | 100000 |
| City of New York NY Gen. Oblig. Series C, 5% 8/1/2025  | 1310000 | 1310000 |
| City of New York NY Gen. Oblig. Series C, 5% 8/1/2025  | 400000 | 400000 |
| City of New York NY Gen. Oblig. Series E, 5% 8/1/2025  | 150000 | 150000 |
| City of New York NY Gen. Oblig. Series FISCAL 2008 J 11, 5% 8/1/2025  | 525000 | 525000 |
| City of New York NY Gen. Oblig. Series FISCAL 2008 J 9, 5% 8/1/2025  | 265000 | 265000 |
| City of New York NY Gen. Oblig. Series FISCAL 2008A SUB A 4, 5% 8/1/2025  | 100000 | 100000 |
| City of New York NY Gen. Oblig. Series FISCAL 2018 A, 5% 8/1/2025  | 310000 | 310000 |
| City of New York NY Gen. Oblig. Series FISCAL 2020 C 1, 5% 8/1/2025  | 3940000 | 3940000 |
| City of New York NY Gen. Oblig. Series FISCAL 2020 SUB B 1, 5% 10/1/2025  | 1575000 | 1580032 |
| City of New York NY Gen. Oblig. Series FISCAL 2023B SUB B 1, 5% 10/1/2025  | 100000 | 100219 |
| City of New York NY Gen. Oblig. Series FISCAL 2025 A, 5% 8/1/2025  | 1395000 | 1395000 |
| City of New York NY Gen. Oblig. Series FISCAL2024A, 5% 8/1/2025  | 230000 | 230000 |
| Cohoes NY City School District BAN 4% 6/25/2026  | 17240700 | 17356123 |
| East Hampton Twn NY Gen. Oblig. BAN Series 2024 A, 4% 8/15/2025  | 600000 | 600165 |
| Eastchester NY Un Free Sch Dis BAN Series 2025, 4% 1/23/2026  | 30000000 | 30143836 |
| Farmingdale NY Gen. Oblig. BAN 4% 1/29/2026  | 6935000 | 6964988 |
| Garden City NY Gen. Oblig. BAN Series 2025, 4% 2/13/2026  | 1200000 | 1205300 |
| Harborfields Csd NY Greenlawn BAN Series 2024A, 4% 9/4/2025  | 9485000 | 9492448 |
| Hauppauge NY Un Free Sch Dist BAN Series 2025, 4% 1/21/2026  | 5300000 | 5320699 |
| Island Trees Ufsd New York BAN Series 2025, 4% 12/18/2025  | 14300000 | 14342699 |
| Kenmore NY BAN 4% 5/15/2026  | 12196420 | 12277264 |
| Lake George N Y Cent Sch Distformerly Lake George Queensbury Etc N Y Cent Sch BAN Series 2025, 4% 7/17/2026  | 7867408 | 7927308 |
| Lakeland Cent Sch Dis NY BAN Series 2025, 3.75% 8/14/2026 (e) | 5040000 | 5084100 |
| Lindenhurst N Y BAN 4% 4/10/2026  | 7360000 | 7413304 |
| Livingston Cnty NY Gen. Oblig. BAN Series 2024, 4% 12/12/2025  | 11309651 | 11347235 |
| Middletown NY City Sch Dist BAN 4% 12/4/2025  | 15000000 | 15040797 |
| Mount Kisco NY Gen. Oblig. BAN Series 2025A, 4% 5/29/2026  | 5000000 | 5037192 |
| Niagara-Wheatfield NY Csd BAN 4% 6/25/2026  | 20000000 | 20148094 |
| North Hempstead NY BAN 4% 3/20/2026  | 175000 | 175956 |
| North Hempstead NY Gen. Oblig. BAN 4% 9/19/2025  | 290000 | 290103 |
| North Syracuse NY Cent Sch Dst BAN Series 2025B, 4% 6/26/2026  | 4370221 | 4411569 |
| Ocean Beach NY Gen. Oblig. BAN Series 2024, 4% 12/19/2025  | 6500000 | 6520544 |
| Ossining Village NY Gen. Oblig. BAN Series 2024, 4% 9/18/2025  | 20000000 | 20025276 |
| Oyster Bay NY Gen. Oblig. BAN Series 2024, 4% 8/21/2025  | 5165000 | 5166617 |
| Oyster Bay NY Gen. Oblig. BAN Series 2025, 4% 3/6/2026  | 10245000 | 10277562 |
| Palmyra Macedon NY Cent Sch Dist BAN Series 2025, 4% 6/16/2026  | 15071000 | 15182078 |
| Saratoga Cnty NY Gen. Oblig. BAN Series 2024, 3.75% 9/19/2025  | 20905000 | 20905000 |
| South Colonie NY Cent Sch Dist BAN Series 2025B, 4% 7/9/2026  | 4185291 | 4216036 |
| South Orangetown NY Cent Sch Dist BAN 3.75% 8/6/2025  | 7500000 | 7500694 |
| Spencerport NY Cent Sch Dist BAN Series 2025, 4% 6/26/2026  | 23945980 | 24117358 |
| Tonawanda City NY Gen. Oblig. BAN Series 2025, 4% 5/28/2026  | 9876000 | 9942826 |
| Tonawanda City School District BAN Series 2025, 4% 6/12/2026  | 1226532 | 1236080 |
| Tonawanda Town NY Gen. Oblig. BAN Series 2024, 4% 8/22/2025  | 245000 | 245058 |
| Town of Penfield NY Gen. Oblig. BAN Series 2024, 3.5% 12/18/2025  | 15600000 | 15600000 |
| Tuckahoe Union Free School District BAN 5% 4/23/2026  | 10645650 | 10723714 |
| Tuckahoe Union Free School District BAN 5% 4/23/2026  | 7284350 | 7327505 |
| Vestal NY Gen. Oblig. BAN Series 2024A, 4.25% 8/8/2025  | 8814532 | 8815805 |
| Vestal NY Gen. Oblig. BAN Series 2025 C, 4% 8/7/2026 (e) | 1243668 | 1252933 |
| Vestal NY Gen. Oblig. BAN Series 2025B, 3.75% 8/7/2026 (e) | 9401209 | 9479709 |
| Webster Town NY Gen. Oblig. BAN 4% 8/26/2025  | 355000 | 355210 |
| Webutuck N Y Cent Sch Dist BAN Series 2025, 4% 6/18/2026  | 12421000 | 12511011 |
| Whitesboro NY Cent Sch Dist BAN Series 2024B, 4% 9/5/2025  | 2985350 | 2987122 |
|  |  | 489499906 |
| Housing - 0.6% |  |  |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2025 E, 3.3% tender 5/1/2055 (b) | 24000000 | 24000000 |
| Other - 0.6% |  |  |
| New York City Trust For Cultural Res (American Museum Naturl History Proj.) SIFMA Municipal Swap Index + 0.04%, 2.77% tender 4/1/2044 (b)(c) | 15000000 | 15000000 |
| Trust for Cultural Resources of The City of New York/The (American Museum Naturl History Proj.) Series 2014 B2, SIFMA Municipal Swap Index + 0.04%, 2.33% tender 4/1/2044 (b)(c) | 13100000 | 13100000 |
|  |  | 28100000 |
| Special Tax - 0.1% |  |  |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) Series FISCAL 2021 A, 5% 11/1/2025  | 360000 | 361672 |
| New York NY City Transitional Fin Auth Rev 5% 11/1/2025  | 200000 | 200941 |
| New York NY City Transitional Fin Auth Rev 5% 11/1/2025  | 150000 | 150696 |
| New York NY City Transitional Fin Auth Rev Series 2018 1, 5% 11/1/2025  | 100000 | 100356 |
| New York NY City Transitional Fin Auth Rev Series 2022 F 1, 5% 2/1/2026  | 420000 | 424118 |
| New York NY City Transitional Fin Auth Rev Series C, 5% 11/1/2025  | 305000 | 306393 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2020 B 1, 5% 11/1/2025  | 110000 | 110532 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2021 E 1, 4% 2/1/2026  | 125000 | 125659 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2021D SUB D1, 5% 11/1/2025  | 1040000 | 1044745 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2022 A 1, 5% 11/1/2025  | 400000 | 401922 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2023 SUB E1, 5% 11/1/2025  | 480000 | 482277 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2023B SUB B 1, 5% 11/1/2025  | 270000 | 271311 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2023F SUB F 1, 5% 2/1/2026  | 220000 | 222096 |
|  |  | 4202718 |
| Transportation - 0.0% |  |  |
| Triborough Brdg & Tunl NY Revs 5% 11/15/2025  | 900000 | 904710 |
| Triborough Brdg & Tunl NY Revs Series 2017C 1, 5% 11/15/2025  | 405000 | 407145 |
|  |  | 1311855 |
| TOTAL NEW YORK |  | 548619479 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $565,740,488) |  | <br> **565740488** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Tender Option Bond - 26.8%** | &nbsp;&nbsp;**Tender Option Bond - 26.8%** | &nbsp;&nbsp;**Tender Option Bond - 26.8%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Alaska - 0.0%  |  |  |
| Alaska Multi Fam Hsg Auth Chenana Apts Participating VRDN 2.54% 11/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 700000 | 700000 |
| Arizona - 0.3%  |  |  |
| Arizona Health Facilities Auth Rev Participating VRDN Series 2022 MIZ9101, 2.49% 3/1/2029 (Liquidity Facility Mizuho Capital Markets LLC) (b)(g) | 500000 | 500000 |
| Arizona Ind Dev Auth Participating VRDN 2.54% 6/20/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 300000 | 300000 |
| Arizona Ind Dev Auth Participating VRDN Series 2024 MIZ9187, 2.54% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 4400000 | 4400000 |
| Arizona Ind Dev Auth Participating VRDN Series 2024 MIZ9192, 2.54% 10/10/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 4755000 | 4755000 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Participating VRDN Series 2025 MIZ9211, 2.54% 5/13/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 400000 | 400000 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Participating VRDN Series 2025 MIZ9213, 2.54% 1/1/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 1000000 | 1000000 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Participating VRDN Series 2025 MIZ9215, 2.54% 6/19/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 625000 | 625000 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Participating VRDN Series 2025 MIZ9216, 2.54% 6/19/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(g) | 700000 | 700000 |
| TOTAL ARIZONA |  | 12680000 |
| California - 0.2%  |  |  |
| Los Angeles CA Dept Arpts Rev Series 2025 MS0048, 2.47% tender 5/15/2050 (Liquidity Facility Morgan Stanley Bank NA) (b)(d)(f)(g) | 4400000 | 4400000 |
| River Islands Pub Fing Auth Participating VRDN 2.54% 10/10/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 3400000 | 3400000 |
| TOTAL CALIFORNIA |  | 7800000 |
| Colorado - 0.1%  |  |  |
| Colorado Health Facilities Auth Rev Participating VRDN Series 2023 017, 2.59% 12/1/2026 (Liquidity Facility Barclays Bank PLC) (b)(g) | 5800000 | 5800000 |
| Delaware - 0.0%  |  |  |
| Delaware Multi Fam Hsg Rev Participating VRDN Series 2024 MIZ9182, 2.54% 7/11/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 1400000 | 1400000 |
| Florida - 0.1%  |  |  |
| Miami-Dade Cnty Fla Aviat Rev Tender Opt Bd Tr Rcpts / Ctfs Var Sts Series 2025 MS0050, 2.9% tender 10/1/2055 (Liquidity Facility Morgan Stanley Bank NA) (b)(d)(f)(g) | 2500000 | 2500000 |
| Illinois - 0.0%  |  |  |
| Illinois Fin Auth Rev Participating VRDN Series 2018 017, 2.59% 8/15/2030 (Liquidity Facility Barclays Bank PLC) (b)(g) | 1100000 | 1100000 |
| Michigan,New York - 0.0%  |  |  |
| Eastern Mi University Rev Participating VRDN Series 2025 001, 2.54% 3/1/2055 (Liquidity Facility Barclays Bank PLC) (b)(g) | 2000000 | 2000000 |
| Minnesota - 0.0%  |  |  |
| Saint Paul Hsg & Redev Auth Rev Participating VRDN 2.54% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 2000000 | 2000000 |
| Mississippi - 0.1%  |  |  |
| Missippi Multi Family Hsg Rev Participating VRDN Series 2024 MIZ9202, 2.54% 12/4/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 1465000 | 1465000 |
| Missippi Multi Family Hsg Rev Participating VRDN Series 2024 MIZ9205, 2.54% 7/1/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 900000 | 900000 |
| TOTAL MISSISSIPPI |  | 2365000 |
| Missouri - 0.1%  |  |  |
| Kansas City Mo Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9207, 2.54% 1/21/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 1100000 | 1100000 |
| St Louis MO Lafayette Apts Participating VRDN Series 2025 MIZ9212, 2.54% 5/21/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 1200000 | 1200000 |
| TOTAL MISSOURI |  | 2300000 |
| New Jersey - 0.3%  |  |  |
| New Jersey Hsg & Mtg Fin Agcy Multi Fam Rev Participating VRDN Series 2024 012, 2.54% 11/1/2027 (Liquidity Facility Barclays Bank PLC) (b)(g) | 13500000 | 13500000 |
| New Jersey,New York - 1.8%  |  |  |
| Port Auth NY & NJ Participating VRDN 2.32% 12/1/2048 (Liquidity Facility Citibank NA) (b)(d)(g) | 5700000 | 5700000 |
| Port Auth NY & NJ Participating VRDN 2.33% 10/15/2057 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 1750000 | 1750000 |
| Port Auth NY & NJ Participating VRDN 2.34% 1/15/2052 (Liquidity Facility Morgan Stanley Bank NA) (b)(d)(g) | 6665000 | 6665000 |
| Port Auth NY & NJ Participating VRDN 2.34% 11/1/2049 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(g) | 2310000 | 2310000 |
| Port Auth NY & NJ Participating VRDN 2.34% 11/1/2049 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(g) | 1740000 | 1740000 |
| Port Auth NY & NJ Participating VRDN 2.35% 1/15/2047 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 780000 | 780000 |
| Port Auth NY & NJ Participating VRDN 2.36% 7/15/2036 (Liquidity Facility Toronto Dominion Bank NA) (b)(d)(g) | 4970000 | 4970000 |
| Port Auth NY & NJ Participating VRDN Series 2022 XG0377, 2.35% 8/1/2052 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 10125000 | 10125000 |
| Port Auth NY & NJ Participating VRDN Series 2022 XG0379, 2.35% 8/1/2052 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 4405000 | 4405000 |
| Port Auth NY & NJ Participating VRDN Series 2022 XG0394, 2.35% 7/15/2055 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 9880000 | 9880000 |
| Port Auth NY & NJ Participating VRDN Series 2022 YX1178, 2.34% 7/15/2051 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 9550000 | 9550000 |
| Port Auth NY & NJ Participating VRDN Series 2022 ZL0270, 2.34% 7/15/2055 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 1470000 | 1470000 |
| Port Auth NY & NJ Participating VRDN Series 2023 XF1622, 2.32% 10/15/2047 (Liquidity Facility Bank of America, N.A.) (b)(g) | 1475000 | 1475000 |
| Port Auth NY & NJ Participating VRDN Series 2023 XF3184, 2.32% 11/1/2044 (Liquidity Facility Morgan Stanley Bank NA) (b)(d)(g) | 8975000 | 8975000 |
| Port Auth NY & NJ Participating VRDN Series 2023 XG0526, 2.35% 12/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 7400000 | 7400000 |
| Port Auth NY & NJ Participating VRDN Series 2025 ZF1991, 2.35% 1/15/2047 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 3690000 | 3690000 |
| TOTAL NEW JERSEY,NEW YORK |  | 80885000 |
| New Mexico - 0.1%  |  |  |
| Bernalillo Nm Multi Fam Hsg St Anthony'S Pl Participating VRDN Series 2025 MIZ9210, 2.54% 4/29/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 2592503 | 2592503 |
| New York - 23.5%  |  |  |
| City of New York NY Gen. Oblig. Participating VRDN 2.31% 10/1/2047 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 3750000 | 3750000 |
| City of New York NY Gen. Oblig. Participating VRDN 2.31% 4/1/2044 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 2500000 | 2500000 |
| City of New York NY Gen. Oblig. Participating VRDN 2.32% 10/1/2047 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 1800000 | 1800000 |
| City of New York NY Gen. Oblig. Participating VRDN 2.32% 3/1/2047 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 2860000 | 2860000 |
| City of New York NY Gen. Oblig. Participating VRDN 2.32% 3/1/2050 (Liquidity Facility Bank of America, N.A.) (b)(g) | 1875000 | 1875000 |
| City of New York NY Gen. Oblig. Participating VRDN 2.32% 4/1/2050 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 5800000 | 5800000 |
| City of New York NY Gen. Oblig. Participating VRDN Series 2022 XF1327, 2.32% 8/1/2047 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 4000000 | 4000000 |
| City of New York NY Gen. Oblig. Participating VRDN Series 2022 XF1339, 2.32% 5/1/2042 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2045000 | 2045000 |
| City of New York NY Gen. Oblig. Participating VRDN Series 2022 XM1006, 2.32% 5/1/2044 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2400000 | 2400000 |
| City of New York NY Gen. Oblig. Participating VRDN Series 2022 XM1009, 2.32% 5/1/2043 (Liquidity Facility Bank of America, N.A.) (b)(g) | 4445000 | 4445000 |
| City of New York NY Gen. Oblig. Participating VRDN Series 2025 XF1888, 2.9% 9/1/2046 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 3025000 | 3025000 |
| City of New York NY Gen. Oblig. Participating VRDN Series 2025 XF1940, 2.32% 4/1/2050 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 2000000 | 2000000 |
| City of New York NY Gen. Oblig. Participating VRDN Series 2025 ZF1927, 2.32% 4/1/2047 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 2500000 | 2500000 |
| Hudson Yds Infrastructure Corp NY Rev Participating VRDN 2.32% 2/15/2038 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 5830000 | 5830000 |
| Hudson Yds Infrastructure Corp NY Rev Participating VRDN 2.32% 2/15/2039 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2250000 | 2250000 |
| Hudson Yds Infrastructure Corp NY Rev Participating VRDN 2.32% 2/15/2042 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 1665000 | 1665000 |
| Hudson Yds Infrastructure Corp NY Rev Participating VRDN 2.32% 2/15/2042 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 4185000 | 4185000 |
| Hudson Yds Infrastructure Corp NY Rev Participating VRDN 2.32% 2/15/2047 (Liquidity Facility Citibank NA) (b)(g) | 6250000 | 6250000 |
| Long Island Pwr Auth Elec Sys Rev Participating VRDN Series 2023 XF1626, 2.32% 9/1/2048 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 2640000 | 2640000 |
| Nassau Cnty NY Gen. Oblig. Participating VRDN 2.32% 4/1/2055 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2105000 | 2105000 |
| Nassau Cnty NY Gen. Oblig. Participating VRDN Series 2025 XF1967, 2.32% 4/1/2049 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2665000 | 2665000 |
| Nassau Cnty NY Gen. Oblig. Participating VRDN Series 2025 ZF1995, 2.32% 4/1/2049 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2530000 | 2530000 |
| New York City Gen Oblig Participating VRDN Series E 88, 2.32% 6/1/2044 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 4830000 | 4830000 |
| New York City Gen. Oblig. Participating VRDN 2.32% 9/1/2054 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 40000000 | 40000000 |
| New York City Gen. Oblig. Participating VRDN 2.9% 3/1/2048 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 13435000 | 13435000 |
| New York City Housing Development Corp Participating VRDN Series 2025 XG0620, 2.9% 11/1/2054 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2000000 | 2000000 |
| New York City Muni Wtr Fin Auth Wtr & Swr Sys Rev Participating VRDN 2.32% 6/15/2051 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 79400000 | 79400000 |
| New York City Transitional Fin Auth Rev Participating VRDN 2.9% 8/1/2041 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 9900000 | 9900000 |
| New York City Transitional Finance Authority Participating VRDN 2.31% 5/1/2050 (Liquidity Facility Barclays Bank PLC) (b)(g) | 4290000 | 4290000 |
| New York City Transitional Finance Authority Participating VRDN 2.32% 11/1/2050 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 8060000 | 8060000 |
| New York City Transitional Finance Authority Participating VRDN 2.32% 11/1/2050 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 3515000 | 3515000 |
| New York City Transitional Finance Authority Participating VRDN 2.32% 5/1/2048 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 2230000 | 2230000 |
| New York City Transitional Finance Authority Participating VRDN 2.32% 5/1/2053 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 6675000 | 6675000 |
| New York City Transitional Finance Authority Participating VRDN 2.9% 5/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 6800000 | 6800000 |
| New York City Transitional Finance Authority Participating VRDN Series 2023 XF3182, 2.32% 5/1/2050 (Liquidity Facility Barclays Bank PLC) (b)(g) | 2755000 | 2755000 |
| New York City Transitional Finance Authority Participating VRDN Series 2023 XX1323, 2.32% 5/1/2053 (Liquidity Facility Barclays Bank PLC) (b)(g) | 6000000 | 6000000 |
| New York City Transitional Finance Authority Participating VRDN Series 2023 XX1324, 2.32% 5/1/2050 (Liquidity Facility Barclays Bank PLC) (b)(g) | 7500000 | 7500000 |
| New York City Transitional Finance Authority Participating VRDN Series 2023 ZF3178, 2.31% 5/1/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 3400000 | 3400000 |
| New York City Transitional Finance Authority Participating VRDN Series 2023 ZF3179, 2.31% 5/1/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 4535000 | 4535000 |
| New York City Transitional Finance Authority Participating VRDN Series 2024 XF1763, 2.32% 5/1/2052 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 4000000 | 4000000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 XF1932, 2.32% 5/1/2047 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 2000000 | 2000000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 XF1937, 2.83% 5/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2500000 | 2500000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 XF1938, 2.83% 5/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3335000 | 3335000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 XF3384, 2.32% 5/1/2053 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 835000 | 835000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 XM1261, 2.32% 5/1/2048 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2500000 | 2500000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 XM1262, 2.32% 5/1/2048 (Liquidity Facility Bank of America, N.A.) (b)(g) | 1250000 | 1250000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 ZF1906, 2.32% 2/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(g) | 1875000 | 1875000 |
| New York City Transitional Finance Authority Participating VRDN Series 2025 ZF3391, 2.32% 5/1/2047 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 2815000 | 2815000 |
| New York City Transitional Finance Authority Series 2025 MS0032, 2.83% tender 11/1/2050 (Liquidity Facility Morgan Stanley Bank NA) (b)(f)(g) | 9500000 | 9500000 |
| New York Dorm Auth Rev Participating VRDN Series 2020 XG0276, 2.32% 7/1/2050 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2255000 | 2255000 |
| New York Dorm Auth Rev Participating VRDN Series 2022 XG0375, 2.34% 5/1/2052 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3415000 | 3415000 |
| New York Dorm Auth Rev Participating VRDN Series E 146, 2.32% 5/15/2039 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 3000000 | 3000000 |
| New York Dorm Auth Royal Charter Prop Participating VRDN Series 2025 MIZ9208, 2.54% 3/16/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 42600000 | 42600000 |
| New York Metropolitan Trans Auth Rev Participating VRDN 2.32% 11/15/2050 (Liquidity Facility Barclays Bank PLC) (b)(g) | 30365000 | 30365000 |
| New York Metropolitan Trans Auth Rev Participating VRDN 2.32% 11/15/2055 (Liquidity Facility Barclays Bank PLC) (b)(g) | 110105000 | 110105000 |
| New York Metropolitan Trans Auth Rev Participating VRDN Series 2020 XF0865, 2.34% 11/15/2055 (Liquidity Facility Bank of America, N.A.) (b)(g) | 5670000 | 5670000 |
| New York Metropolitan Trans Auth Rev Participating VRDN Series 2020 XF2868, 2.32% 11/15/2042 (Liquidity Facility Barclays Bank PLC) (b)(g) | 6805000 | 6805000 |
| New York Metropolitan Trans Auth Rev Participating VRDN Series 2020 XF2878, 2.32% 11/15/2055 (Liquidity Facility Barclays Bank PLC) (b)(g) | 15600000 | 15600000 |
| New York Metropolitan Trans Auth Rev Participating VRDN Series 2020 XG0290, 2.32% 11/15/2049 (Liquidity Facility Barclays Bank PLC) (b)(g) | 5800000 | 5800000 |
| New York Metropolitan Trans Auth Rev Participating VRDN Series 2023 XF1614, 2.32% 11/15/2050 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 1245000 | 1245000 |
| New York Metropolitan Trans Auth Rev Participating VRDN Series 2023 XF3105, 2.32% 11/15/2050 (Liquidity Facility Barclays Bank PLC) (b)(g) | 12435000 | 12435000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.31% 11/1/2043 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 3750000 | 3750000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.31% 11/1/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 6560000 | 6560000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.31% 11/1/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 5000000 | 5000000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.32% 11/1/2043 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 3600000 | 3600000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.32% 11/1/2045 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 3935000 | 3935000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.32% 11/1/2045 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 2400000 | 2400000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.32% 2/1/2047 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 2445000 | 2445000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN 2.32% 2/1/2049 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2000000 | 2000000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN Series 2023 011, 2.31% 8/1/2045 (Liquidity Facility Barclays Bank PLC) (b)(g) | 6575000 | 6575000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN Series 2023 XF1629, 2.9% 5/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 16245000 | 16245000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN Series 2023 XF1643, 2.32% 5/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2910000 | 2910000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN Series 2023 XF1644, 2.32% 5/1/2053 (Liquidity Facility Bank of America, N.A.) (b)(g) | 12940000 | 12940000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN Series 2025 XF1803, 2.9% 2/1/2051 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 4000000 | 4000000 |
| New York NY City Transitional Fin Auth Rev Participating VRDN Series 2025 XF1942, 2.32% 11/1/2045 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3520000 | 3520000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.31% 6/15/2052 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 1370000 | 1370000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2047 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 8080000 | 8080000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2047 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 2100000 | 2100000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2047 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 1875000 | 1875000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2048 (Liquidity Facility Barclays Bank PLC) (b)(g) | 11675000 | 11675000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2048 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 1665000 | 1665000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2052 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3750000 | 3750000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2052 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3350000 | 3350000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2052 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 6760000 | 6760000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2052 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 4785000 | 4785000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2052 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2750000 | 2750000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2052 (Liquidity Facility Wells Fargo Bank NA) (b)(g) | 2500000 | 2500000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2054 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 2500000 | 2500000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.32% 6/15/2055 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 2830000 | 2830000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN 2.9% 6/15/2051 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2500000 | 2500000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2023 XF1500, 2.32% 6/15/2049 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 19035000 | 19035000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2023 XF1646, 2.32% 6/15/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 3500000 | 3500000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2023 ZL0473, 2.31% 6/15/2047 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 1615000 | 1615000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2024 XF1720, 2.32% 6/15/2054 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 3250000 | 3250000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2025 XF1871, 2.9% 6/15/2052 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2665000 | 2665000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2025 XF1882, 2.32% 6/15/2054 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3000000 | 3000000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2025 XL0617, 2.32% 6/15/2052 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 3980000 | 3980000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2025 ZF1978, 2.32% 6/15/2048 (Liquidity Facility Bank of America, N.A.) (b)(g) | 6520000 | 6520000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2025 ZF1986, 2.32% 6/15/2055 (Liquidity Facility Bank of America, N.A.) (b)(g) | 4845000 | 4845000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2025 ZF3408, 2.32% 6/15/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 2500000 | 2500000 |
| New York NY Cty Muni Wtr Fin Auth Participating VRDN Series 2025 ZF8011, 2.32% 6/15/2051 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3260000 | 3260000 |
| New York St Dorm Auth Revs Non St Supported Debt Participating VRDN Series 2023 XL0463, 2.32% 7/1/2051 (Liquidity Facility Barclays Bank PLC) (b)(g) | 5215000 | 5215000 |
| New York Thruway Auth Gen Rev Participating VRDN Series 2019 XF0847, 2.32% 1/1/2053 (Liquidity Facility Royal Bank of Canada NY) (b)(g) | 7780000 | 7780000 |
| New York Trans Dev Corp Participating VRDN 2.32% 12/31/2060 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 3375000 | 3375000 |
| New York Trans Dev Corp Participating VRDN 2.32% 6/30/2060 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 11450000 | 11450000 |
| New York Trans Dev Corp Participating VRDN 2.33% 1/1/2050 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 5995000 | 5995000 |
| New York Trans Dev Corp Participating VRDN 2.39% 11/17/2029 (Liquidity Facility Royal Bank of Canada NY) (b)(d)(g) | 21750000 | 21750000 |
| New York Trans Dev Corp Participating VRDN Series 2016 XX1038, 2.33% 7/1/2046 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 5835000 | 5835000 |
| New York Trans Dev Corp Participating VRDN Series 2023 XG0542, 2.32% 6/30/2060 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 14000000 | 14000000 |
| New York Trans Dev Corp Participating VRDN Series 2023 XL0526, 2.33% 6/30/2060 (Liquidity Facility Royal Bank of Canada NY) (b)(d)(g) | 7275000 | 7275000 |
| New York Trans Dev Corp Participating VRDN Series 2023 XL0527, 2.32% 6/30/2060 (Liquidity Facility Toronto Dominion Bank NA) (b)(d)(g) | 42230000 | 42230000 |
| New York Trans Dev Corp Participating VRDN Series 2023 ZF3214, 2.32% 6/30/2060 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 13330000 | 13330000 |
| New York Trans Dev Corp Participating VRDN Series 2024 XF3229, 2.32% 6/30/2060 (Liquidity Facility Barclays Bank PLC) (b)(d)(g) | 7470000 | 7470000 |
| New York Trans Dev Corp Participating VRDN Series 2024 XL0568, 2.32% 12/31/2054 (Liquidity Facility Toronto Dominion Bank NA) (b)(d)(g) | 15525000 | 15525000 |
| New York Trans Dev Corp Participating VRDN Series 2024 XM1196, 2.33% 12/31/2054 (Liquidity Facility Royal Bank of Canada NY) (b)(d)(g) | 5000000 | 5000000 |
| New York Transportation Development Corp Participating VRDN 2.9% 6/30/2050 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 5000000 | 5000000 |
| New York Transportation Development Corp Participating VRDN Series 2025 XF8004, 2.9% 6/30/2055 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 14835000 | 14835000 |
| New York Transportation Development Corp Participating VRDN Series 2025 XG0623, 2.34% 6/30/2050 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 5065000 | 5065000 |
| New York Transportation Development Corp Participating VRDN Series 2025 XM1295, 2.9% 6/30/2059 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 25885000 | 25885000 |
| Ny Hsg Fin Auth Participating VRDN Series 2024 MIZ9204, 2.97% 11/1/2044 (Liquidity Facility Mizuho Capital Markets LLC) (b)(g) | 31350000 | 31350000 |
| NY Payroll Mobility Tax Participating VRDN 2.32% 5/15/2052 (Liquidity Facility Bank of America, N.A.) (b)(g) | 1875000 | 1875000 |
| NY Payroll Mobility Tax Participating VRDN Series 2022 XF1383, 2.32% 5/15/2047 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3050000 | 3050000 |
| NY Payroll Mobility Tax Participating VRDN Series 2022 XM0993, 2.32% 5/15/2057 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 4000000 | 4000000 |
| NY Payroll Mobility Tax Participating VRDN Series 2022 XM0994, 2.32% 5/15/2057 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 5335000 | 5335000 |
| NY Payroll Mobility Tax Participating VRDN Series 2022 XM0995, 2.32% 5/15/2047 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2665000 | 2665000 |
| Port Auth NY & NJ Participating VRDN Series 2025 ZF1989, 2.35% 8/1/2052 (Liquidity Facility Bank of America, N.A.) (b)(d)(g) | 2025000 | 2025000 |
| State of New York Mortgage Agency Participating VRDN 2.32% 10/1/2054 (Liquidity Facility Bank of America, N.A.) (b)(g) | 2365000 | 2365000 |
| State of New York Mortgage Agency Participating VRDN Series 2023 XF1521, 2.32% 10/1/2043 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 1260000 | 1260000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN 2.32% 11/15/2045 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 2500000 | 2500000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN 2.32% 11/15/2051 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 2750000 | 2750000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2022 XF1350, 2.32% 11/15/2051 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3200000 | 3200000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2022 XF1393, 2.32% 11/15/2051 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 8040000 | 8040000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2022 XM1031, 2.32% 11/15/2057 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 3750000 | 3750000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2023 XF1495, 2.32% 11/15/2056 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 1565000 | 1565000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2023 XF1615, 2.32% 11/15/2057 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 8225000 | 8225000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2023 XF1651, 2.32% 11/15/2051 (Liquidity Facility Toronto Dominion Bank NA) (b)(g) | 3750000 | 3750000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2023 XF1665, 2.32% 11/15/2049 (Liquidity Facility Bank of America, N.A.) (b)(g) | 3305000 | 3305000 |
| Triborough Brdg & Tunl NY Revs Participating VRDN Series 2025 ZF3419, 2.32% 11/15/2049 (Liquidity Facility Morgan Stanley Bank NA) (b)(g) | 2000000 | 2000000 |
| Utility Debt Securitization Authority Participating VRDN Series 2025 ZF1984, 2.32% 12/15/2050 (Liquidity Facility Bank of America, N.A.) (b)(g) | 6565000 | 6565000 |
| TOTAL NEW YORK |  | 1049480000 |
| New York,Pennsylvania - 0.0%  |  |  |
| New York City Transitional Finance Authority Participating VRDN Series 2025 ZF1907, 2.32% 5/1/2050 (Liquidity Facility Bank of America, N.A.) (b)(g) | 1875000 | 1875000 |
| New York,Texas - 0.1%  |  |  |
| New York City Transitional Finance Authority Participating VRDN 2.9% 5/1/2052 (Liquidity Facility JP Morgan Chase Bank NA) (b)(g) | 3750000 | 3750000 |
| Oregon - 0.0%  |  |  |
| Oregon Hsg & Cmnty Svcs Dep Participating VRDN 2.54% 1/2/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 600000 | 600000 |
| Pennsylvania - 0.0%  |  |  |
| Pennsylvania Multi Fam Hsg Rev Participating VRDN 2.54% 6/20/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 500000 | 500000 |
| Texas - 0.1%  |  |  |
| Collin County Hsg Fin Corp Multi Fam Participating VRDN 2.54% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 1980000 | 1980000 |
| Jefferson Cnty Tex Hsg Fin Corp Multifamily Hsg Mtg Rev Participating VRDN Series 2025 MIZ9214, 2.54% 6/11/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(f)(g) | 900000 | 900000 |
| TOTAL TEXAS |  | 2880000 |
| <br> **TOTAL TENDER OPTION BOND**<br> (Cost $1,196,707,503) |  | <br> **1196707503** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Variable Rate Demand Note - 50.1%** | &nbsp;&nbsp;**Variable Rate Demand Note - 50.1%** | &nbsp;&nbsp;**Variable Rate Demand Note - 50.1%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Alabama - 0.4%  |  |  |
| Decatur AL Indl Dev Brd Exempt (Nucor Corp Proj.) 2.53% 8/1/2036 VRDN (b)(d) | 7421000 | 7421000 |
| West Jefferson Ala Indl Dev Brd Solid Waste Disp Rev (Alabama Power & Light Proj.) Series 2023, 2.7% 8/1/2063 VRDN (b)(d) | 9600000 | 9600000 |
| TOTAL ALABAMA |  | 17021000 |
| Arizona - 0.0%  |  |  |
| Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 2.45% 5/1/2029 VRDN (b) | 1300000 | 1300000 |
| Arkansas - 0.1%  |  |  |
| Blytheville AR Indl Dev Rev (Nucor Corp Proj.) 2.85% 1/2/2033 VRDN (b)(d) | 4600000 | 4600000 |
| Florida - 1.0%  |  |  |
| Broward Cnty FL Idr (Florida Pwr & Lt Co Proj.) Series 2015, 2.8% 6/1/2045 VRDN (b)(d) | 9200000 | 9200000 |
| Broward Cnty FL Idr (Florida Pwr & Lt Co Proj.) Series 2018 B, 2.55% 12/1/2048 VRDN (b)(d) | 5100000 | 5100000 |
| Lee Cnty FL Indl DevAuth Rev (Florida Pwr & Lt Co Proj.) Series 2016 A, 2.8% 12/1/2046 VRDN (b)(d) | 6000000 | 6000000 |
| Lee Cnty FL Indl DevAuth Rev (Florida Pwr & Lt Co Proj.) Series 2016 B, 2.75% 12/1/2046 VRDN (b)(d) | 1600000 | 1600000 |
| Miami-Dade Cnty FL Indl Dev Au (Florida Pwr & Lt Co Proj.) Series 2021, 2.5% 5/1/2046 VRDN (b)(d) | 1600000 | 1600000 |
| Miami-Dade Cnty FL Indl Dev Au (Florida Pwr & Lt Co Proj.) Series 2024A, 2.65% 5/1/2054 VRDN (b)(d) | 8500000 | 8500000 |
| Miami-Dade Cnty FL Indl Dev Au (Florida Pwr & Lt Co Proj.) Series 2024B, 2.45% 5/1/2054 VRDN (b)(d) | 9100000 | 9100000 |
| TOTAL FLORIDA |  | 41100000 |
| Georgia - 0.2%  |  |  |
| Monroe Cnty GA Dev Auth Pcr (Florida Pwr & Lt Co Proj.) Series 2010 1, 2.5% 6/1/2049 VRDN (b) | 1500000 | 1500000 |
| Monroe Cnty GA Dev Auth Rev (Florida Pwr & Lt Co Proj.) Series 2017, 2.5% 11/1/2047 VRDN (b)(d) | 6500000 | 6500000 |
| Monroe Cnty GA Dev Auth Rev (Florida Pwr & Lt Co Proj.) Series 2019, 2.65% 6/1/2049 VRDN (b)(d) | 600000 | 600000 |
| TOTAL GEORGIA |  | 8600000 |
| Indiana - 0.0%  |  |  |
| Indiana St Dev Fin Auth Envr Rev (Duke Energy Ind Inc Proj.) 2.85% 12/1/2038 VRDN (b)(d) | 1700000 | 1700000 |
| Iowa - 0.7%  |  |  |
| Iowa Fin Auth Sld Disp Wst Rev (Midamerican Energy Co Proj.) 2.58% 7/1/2038 VRDN (b)(d) | 11800000 | 11800000 |
| Iowa Fin Auth Solid Waste Facs Rev (Midamerican Energy Co Proj.) 2.55% 12/1/2047 VRDN (b)(d) | 17600000 | 17600000 |
| TOTAL IOWA |  | 29400000 |
| Kansas - 0.2%  |  |  |
| Burlington Kans Envr Imprv Rev (Evergy Kansas Metro Proj.) 2.58% 9/1/2035 VRDN (b) | 3200000 | 3200000 |
| Burlington Kans Envr Imprv Rev (Evergy Kansas Metro Proj.) 2.58% 9/1/2035 VRDN (b) | 800000 | 800000 |
| Wamego Kansas Pcr (Evergy Kansas Central Proj.) 2.65% 4/15/2032 VRDN (b) | 2800000 | 2800000 |
| TOTAL KANSAS |  | 6800000 |
| Kentucky - 0.3%  |  |  |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 A 1, 3.3% 7/1/2060 VRDN (b)(d) | 200000 | 200000 |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 B 1, 3.3% 7/1/2060 VRDN (b)(d) | 1910000 | 1910000 |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2021 A 1, 3.3% 8/1/2061 VRDN (b)(d) | 13125000 | 13125000 |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2021B 1, 3.25% 8/1/2061 VRDN (b)(d) | 400000 | 400000 |
| TOTAL KENTUCKY |  | 15635000 |
| Louisiana - 0.2%  |  |  |
| St James Parish LA Rev (Nucor Corp Proj.) 2.46% 11/1/2040 VRDN (b) | 4000000 | 4000000 |
| St James Parish LA Rev (Nucor Corp Proj.) 2.65% 11/1/2040 VRDN (b) | 7025000 | 7025000 |
| TOTAL LOUISIANA |  | 11025000 |
| Nebraska - 0.0%  |  |  |
| Stanton Cnty NE Indl Dev Rev (Nucor Corp Proj.) 2.53% 11/1/2026 VRDN (b)(d) | 600000 | 600000 |
| New Jersey,New York - 0.1%  |  |  |
| Port Auth NY & NJ 2.37% 9/20/2025 VRDN (b)(c)(d)(f) | 4600000 | 4600000 |
| New York - 46.7%  |  |  |
| Amherst NY Csd (Ubf Faculty-Student Housing Proj.) 2.4% 10/1/2035, LOC HSBC Bank USA NA VRDN (b) | 3570000 | 3570000 |
| Battery Pk City Auth NY Rev Series 2019D 2, 2.75% 11/1/2038 (Liquidity Facility TD Bank NA) VRDN (b) | 2000000 | 2000000 |
| City of New York NY Gen. Oblig. 2% 3/1/2039 (Liquidity Facility Barclays Bank PLC) VRDN (b) | 39605000 | 39605000 |
| City of New York NY Gen. Oblig. Series 2013 F3, 2.75% 3/1/2042 (Liquidity Facility Bank of America NA) VRDN (b) | 3300000 | 3300000 |
| City of New York NY Gen. Oblig. Series 2013 SUB A 2, 2.75% 10/1/2038 (Liquidity Facility Mizuho Bank Ltd/New York NY) VRDN (b) | 35000000 | 35000000 |
| City of New York NY Gen. Oblig. Series 2013A5, 2.25% 10/1/2042 (Liquidity Facility Sumitomo Mitsui Banking Corp/New York) VRDN (b) | 11875000 | 11875000 |
| City of New York NY Gen. Oblig. Series 2014 D 4, 2.75% 8/1/2040, LOC TD Bank NA VRDN (b) | 2815000 | 2815000 |
| City of New York NY Gen. Oblig. Series 2014 I 2, 2.75% 3/1/2040 (Liquidity Facility JPMorgan Chase Bank NA) VRDN (b) | 8910000 | 8910000 |
| City of New York NY Gen. Oblig. Series 2015 F 5, 2.8% 6/1/2044 (Liquidity Facility Barclays Bank PLC) VRDN (b) | 1200000 | 1200000 |
| City of New York NY Gen. Oblig. Series 2017 A 7, 2.77% 8/1/2044 (Liquidity Facility BMO Bank NA) VRDN (b) | 5920000 | 5920000 |
| City of New York NY Gen. Oblig. Series FISCAL 2014I SUB I 3, 2.8% 3/1/2044 (Liquidity Facility US Bank NA/Cincinnati OH) VRDN (b) | 9200000 | 9200000 |
| City of New York NY Gen. Oblig. Series FISCAL 2019 D 4, 2.8% 12/1/2047 (Liquidity Facility State Street Bank & Trust Co) VRDN (b) | 5000000 | 5000000 |
| City of New York NY Gen. Oblig. Series FISCAL 2023A SUB A 3, 2.75% 9/1/2049 (Liquidity Facility Bank of Montreal/Chicago IL) VRDN (b) | 2675000 | 2675000 |
| City of New York NY Gen. Oblig. Series FISCAL 2023A SUB A 4, 2.75% 9/1/2049 (Liquidity Facility Toronto Dominion Bank) VRDN (b) | 9105000 | 9105000 |
| City of New York NY Gen. Oblig. Series G 2, 2.75% 2/1/2055 (Liquidity Facility Bank of America NA) VRDN (b) | 33470000 | 33470000 |
| City of New York NY Series FISCAL 2017A SUB A4, 2.85% 8/1/2044 (Liquidity Facility State Street Bank & Trust Co) VRDN (b) | 72300000 | 72300000 |
| Metropolitan Transn Auth NY Rv 2.35% 11/1/2026, LOC TD Bank NA VRDN (b) | 575000 | 575000 |
| Metropolitan Transn Auth NY Rv Series 2005 E 2, 2.26% 11/1/2035, LOC Bank of America NA VRDN (b) | 4525000 | 4525000 |
| Metropolitan Transn Auth NY Rv Series 2012G 2, 2.3% 11/1/2032, LOC TD Bank NA VRDN (b) | 20475000 | 20475000 |
| Metropolitan Transn Auth NY Rv Series SUB 2002D 2B, 2.7% 11/1/2032, LOC Truist Bank VRDN (b) | 5565000 | 5565000 |
| New York City Ida Indl Dev Rev (Tiago Holdings Llc Proj.) 2.35% 1/1/2037, LOC TD Bank NA VRDN (b)(d) | 32215000 | 32215000 |
| New York City Trust Cultural Resources Rev (New York Botanical Garden Proj.) 2.29% 7/1/2032, LOC JPMorgan Chase Bank NA VRDN (b) | 625000 | 625000 |
| New York NY City Health & Hosp 2.45% 2/15/2031, LOC TD Bank NA VRDN (b) | 16170000 | 16170000 |
| New York NY City Health & Hosp 2.5% 2/15/2031, LOC TD Bank NA VRDN (b) | 1025000 | 1025000 |
| New York NY City Hsg Dev Corp Multifamily Mtg Rev (Artimus Construction Inc Proj.) 2.28% 7/1/2043, LOC Freddie Mac Non Gold Pool VRDN (b) | 32750000 | 32750000 |
| New York NY City Hsg Dev Corp Multifamily Mtg Rev (Cook Street Housing Llc Proj.) 3.05% 9/1/2040, LOC JPMorgan Chase Bank NA VRDN (b)(d) | 3480000 | 3480000 |
| New York NY City Hsg Dev Corp Multifamily Mtg Rev (Intervale Gardens Llc Proj.) 2.23% 12/1/2038, LOC Citibank NA VRDN (b)(d) | 2660000 | 2660000 |
| New York NY City Hsg Dev Corp Multifamily Mtg Rev 2.23% 12/1/2038, LOC Citibank NA VRDN (b)(d) | 2815000 | 2815000 |
| New York NY City Indl Dev Agy (Various Capital Projects) 2.75% 5/1/2033, LOC Bank of America NA VRDN (b) | 3300000 | 3300000 |
| New York NY City Transitional Fin Auth Rev Series 2011 A 4, 2.8% 8/1/2039 (Liquidity Facility Barclays Bank PLC) VRDN (b) | 2500000 | 2500000 |
| New York NY City Transitional Fin Auth Rev Series 2013 FISCAL A 4, 2.75% 8/1/2039 (Liquidity Facility JPMorgan Chase Bank NA) VRDN (b) | 8000000 | 8000000 |
| New York NY City Transitional Fin Auth Rev Series 2015 E 3, 2.75% 2/1/2045 (Liquidity Facility JPMorgan Chase Bank NA) VRDN (b) | 43890000 | 43890000 |
| New York NY City Transitional Fin Auth Rev Series A-3, 2.76% 8/1/2043 (Liquidity Facility Mizuho Bank Ltd/New York NY) VRDN (b) | 33760000 | 33760000 |
| New York NY City Transitional Fin Auth Rev Series B 4, 2.75% 8/1/2042 (Liquidity Facility JPMorgan Chase Bank NA) VRDN (b) | 3585000 | 3585000 |
| New York NY City Transitional Fin Auth Rev Series B 5, 2.8% 8/1/2042 (Liquidity Facility US Bank NA/Cincinnati OH) VRDN (b) | 20850000 | 20850000 |
| New York NY City Transitional Fin Auth Rev Series D 4, 2.25% 2/1/2044 (Liquidity Facility Mizuho Bank Ltd/New York NY) VRDN (b) | 14025000 | 14025000 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2013 C 5, 2.3% 11/1/2041 (Liquidity Facility Sumitomo Mitsui Banking Corp/New York) VRDN (b) | 57410000 | 57410000 |
| New York NY City Transitional Fin Auth Rev Series FISCAL 2019 C 4, 2.8% 11/1/2044 (Liquidity Facility Barclays Bank PLC) VRDN (b) | 11400000 | 11400000 |
| New York NY Cty Hsg Dev Corp Multifamily Rev (155 W. 21st St. Llc Proj.) 2.35% 11/15/2037, LOC Fannie Mae VRDN (b)(d) | 37800000 | 37800000 |
| New York NY Cty Hsg Dev Corp Multifamily Rev (Glenwood Management Proj.) 3.05% 6/15/2029, LOC Fannie Mae VRDN (b)(d) | 10200000 | 10200000 |
| New York NY Cty Hsg Dev Corp Multifamily Rev (Gotham Organization Inc Proj.) 3.05% 8/15/2032, LOC Fannie Mae VRDN (b)(d) | 52200000 | 52200000 |
| New York NY Cty Hsg Dev Corp Multifamily Rev (Related Companies Proj.) 2.85% 6/15/2034, LOC Fannie Mae VRDN (b)(d) | 1000000 | 1000000 |
| New York NY Cty Hsg Dev Corp Multifamily Rev (Sierra Nyc Llc Proj.) 3.05% 3/15/2033, LOC Fannie Mae VRDN (b)(d) | 39000000 | 39000000 |
| New York NY Cty Muni Wtr Fin Auth 2.25% 6/15/2038 (Liquidity Facility Sumitomo Mitsui Banking Corp/New York) VRDN (b) | 26140000 | 26140000 |
| New York NY Cty Muni Wtr Fin Auth 2.75% 6/15/2043 (Liquidity Facility TD Bank NA) VRDN (b) | 4050000 | 4050000 |
| New York NY Cty Muni Wtr Fin Auth 2.8% 6/15/2039 (Liquidity Facility UBS AG/Stamford CT) VRDN (b) | 8130000 | 8130000 |
| New York NY Cty Muni Wtr Fin Auth Series 2014 AA 3, 2.75% 6/15/2049 (Liquidity Facility TD Bank NA) VRDN (b) | 10370000 | 10370000 |
| New York NY Cty Muni Wtr Fin Auth Series 2015 BB 4, 2.8% 6/15/2050 (Liquidity Facility Barclays Bank PLC) VRDN (b) | 5500000 | 5500000 |
| New York NY Cty Muni Wtr Fin Auth Series 2016 AA 2, 2.25% 6/15/2048 (Liquidity Facility PNC Bank NA) VRDN (b) | 3200000 | 3200000 |
| New York NY Cty Muni Wtr Fin Auth Series AA 2, 2.75% 6/15/2050 (Liquidity Facility JPMorgan Chase Bank NA) VRDN (b) | 6685000 | 6685000 |
| New York NY Cty Muni Wtr Fin Auth Series BB 1B, 2.75% 6/15/2049 (Liquidity Facility State Street Bank & Trust Co) VRDN (b) | 21030000 | 21030000 |
| New York NY Cty Muni Wtr Fin Auth Series FISCAL 2021 SUB EE2, 2.8% 6/15/2045 (Liquidity Facility State Street Bank & Trust Co) VRDN (b) | 12000000 | 12000000 |
| New York NY Cty Muni Wtr Fin Auth Series FISCAL 2023 CC, 2.8% 6/15/2053 (Liquidity Facility Barclays Bank PLC) VRDN (b) | 15800000 | 15800000 |
| New York NY Cty Muni Wtr Fin Auth Series FISCAL 2025 SUB EE 1, 2.75% 6/15/2055 (Liquidity Facility TD Bank NA) VRDN (b) | 12325000 | 12325000 |
| New York NY Cty Muni Wtr Fin Auth Series FISCAL 2025 SUB EE 2, 2.74% 6/15/2055 (Liquidity Facility Bank of New York Mellon) VRDN (b) | 28840000 | 28840000 |
| New York NY Hsg Dev Multi Rev (119 Manhattan Equities Llc Proj.) 2.23% 6/1/2036, LOC Citibank NA VRDN (b)(d) | 3200000 | 3200000 |
| New York NY Hsg Dev Multi Rev (3463 Third Avenue Realty Llc Proj.) 2.3% 7/1/2037, LOC Citibank NA VRDN (b)(d) | 3250000 | 3250000 |
| New York NY Hsg Dev Multi Rev (Beacon Mews Llc Proj.) 2.35% 4/1/2039, LOC Citibank NA VRDN (b)(d) | 6500000 | 6500000 |
| New York NY Hsg Dev Multi Rev (East Clarke Place Associates Ii Llc Proj.) 2.35% 9/1/2037, LOC JPMorgan Chase Bank NA VRDN (b)(d) | 1430000 | 1430000 |
| New York NY Hsg Dev Multi Rev (Ibec Living Proj.) 2.23% 6/1/2037, LOC Freddie Mac Non Gold Pool VRDN (b)(d) | 27400000 | 27400000 |
| New York NY Hsg Dev Multi Rev (Related Companies Proj.) 2.35% 12/1/2036, LOC Landesbank Baden-Wuerttemberg VRDN (b)(d) | 67000000 | 67000000 |
| New York NY Hsg Dev Multi Rev (Urban Horizons Ii Lp Proj.) 2.3% 1/1/2038, LOC Citibank NA VRDN (b)(d) | 3565000 | 3565000 |
| New York St Hsg Fin Agy Rev (1500 Lexington Associates Llc Proj.) 2.05% 5/15/2034, LOC Fannie Mae VRDN (b)(d) | 15900000 | 15900000 |
| New York St Hsg Fin Agy Rev (39th Street Associates Llc Proj.) 2.35% 11/15/2031, LOC Fannie Mae VRDN (b)(d) | 33700000 | 33700000 |
| New York St Hsg Fin Agy Rev (39th Street Associates Llc Proj.) 2.35% 11/15/2031, LOC Fannie Mae VRDN (b)(d) | 21700000 | 21700000 |
| New York St Hsg Fin Agy Rev (420 West 42nd Street Llc Proj.) 2.35% 11/1/2032, LOC Freddie Mac Non Gold Pool VRDN (b)(d) | 15000000 | 15000000 |
| New York St Hsg Fin Agy Rev (420 West 42nd Street Llc Proj.) 2.35% 11/1/2032, LOC Freddie Mac Non Gold Pool VRDN (b)(d) | 5600000 | 5600000 |
| New York St Hsg Fin Agy Rev (Archstone Smith Oper Tr Proj.) 2.35% 11/1/2038, LOC Freddie Mac Non Gold Pool VRDN (b)(d) | 58500000 | 58500000 |
| New York St Hsg Fin Agy Rev (Archstone Smith Oper Tr Proj.) 2.35% 11/1/2038, LOC Freddie Mac Non Gold Pool VRDN (b)(d) | 18120000 | 18120000 |
| New York St Hsg Fin Agy Rev (Archstone Smith Oper Tr Proj.) 2.35% 11/1/2038, LOC Freddie Mac Non Gold Pool VRDN (b)(d) | 17400000 | 17400000 |
| New York St Hsg Fin Agy Rev (Archstone Smith Oper Tr Proj.) 3.05% 5/1/2029, LOC Fannie Mae VRDN (b)(d) | 62500000 | 62500000 |
| New York St Hsg Fin Agy Rev (Brodsky Organization Proj.) 2.35% 11/15/2033, LOC Fannie Mae VRDN (b)(d) | 22200000 | 22200000 |
| New York St Hsg Fin Agy Rev (Chelsea Associates Llc Proj.) 2.35% 5/15/2031, LOC Landesbank Hess-Thurngn (Ungtd) NY Br VRDN (b)(d) | 18700000 | 18700000 |
| New York St Hsg Fin Agy Rev (Douglaston Development Proj.) 2.35% 5/15/2041, LOC Fannie Mae VRDN (b)(d) | 116605000 | 116605000 |
| New York St Hsg Fin Agy Rev (Durst Organization Proj.) 2.28% 5/15/2036, LOC Fannie Mae VRDN (b)(d) | 62800000 | 62800000 |
| New York St Hsg Fin Agy Rev (Durst Organization Proj.) 2.28% 5/15/2036, LOC Fannie Mae VRDN (b)(d) | 22300000 | 22300000 |
| New York St Hsg Fin Agy Rev (Glenwood Management Proj.) 3.05% 11/1/2035, LOC Freddie Mac Non Gold Pool VRDN (b)(d) | 32800000 | 32800000 |
| New York St Hsg Fin Agy Rev (Glenwood Management Proj.) 3.05% 5/15/2030, LOC Fannie Mae VRDN (b)(d) | 100600000 | 100600000 |
| New York St Hsg Fin Agy Rev (Mount Sinai Medical Center, Ny Proj.) 2.45% 5/1/2044, LOC TD Bank NA VRDN (b) | 36420000 | 36420000 |
| New York St Hsg Fin Agy Rev (Penmark Realty Corp Proj.) 2.9% 11/1/2034, LOC Landesbank Hessen-Thueringen Girozentrale VRDN (b)(d) | 7870000 | 7870000 |
| New York St Hsg Fin Agy Rev (Related Companies Proj.) 2.2% 5/15/2033, LOC Fannie Mae VRDN (b)(d) | 73000000 | 73000000 |
| New York St Hsg Fin Agy Rev (Related Companies Proj.) 2.28% 5/15/2033, LOC Fannie Mae VRDN (b)(d) | 51000000 | 51000000 |
| New York St Hsg Fin Agy Rev (Related Companies Proj.) 2.28% 5/15/2033, LOC Fannie Mae VRDN (b)(d) | 28825000 | 28825000 |
| New York St Hsg Fin Agy Rev (Related Companies Proj.) 2.35% 11/15/2029, LOC Fannie Mae VRDN (b)(d) | 29900000 | 29900000 |
| New York St Hsg Fin Agy Rev (Silverstein Properties Inc Proj.) 2.25% 5/15/2041, LOC Fannie Mae VRDN (b)(d) | 7800000 | 7800000 |
| New York St Hsg Fin Agy Rev (Silverstein Properties Inc Proj.) 2.28% 5/15/2041, LOC Fannie Mae VRDN (b)(d) | 155555000 | 155555000 |
| New York St Hsg Fin Agy Rev (Various Capital Projects) Series 2014A, 2.85% 11/1/2046, LOC Landesbank Hess-Thurngn (Ungtd) NY Br VRDN (b) | 8145000 | 8145000 |
| New York St Hsg Fin Agy Rev (Yarrow Llc Proj.) 2.29% 11/1/2036, LOC Landesbank Hessen-Thueringen Girozentrale VRDN (b) | 150000 | 150000 |
| New York State Energy Research & Dev Auth Facs Rev (Consolidated Edison Co Of New York Inc Proj.) 2.05% 11/1/2039, LOC Mizuho Bank Ltd VRDN (b)(d) | 20910000 | 20910000 |
| New York State Energy Research & Dev Auth Facs Rev (Consolidated Edison Co Of New York Inc Proj.) 2.45% 5/1/2039, LOC Mizuho Bank Ltd VRDN (b) | 20350000 | 20350000 |
| New York State Energy Research & Dev Auth Facs Rev (Consolidated Edison Co Of New York Inc Proj.) 2.5% 11/1/2039, LOC Mizuho Bank Ltd VRDN (b)(d) | 31890000 | 31890000 |
| NY Mta Dedicated Tax Fund Series 2008A 1, 2.75% 11/1/2031, LOC TD Bank NA VRDN (b) | 1195000 | 1195000 |
| Triborough Brdg & Tunl NY Revs Series 2005 A, 2% 11/1/2041, LOC Barclays Bank PLC VRDN (b) | 5485000 | 5485000 |
| Triborough Brdg & Tunl NY Revs Series 2005B 4A, 2.75% 1/1/2032, LOC TD Bank NA VRDN (b) | 2300000 | 2300000 |
| Triborough Brdg & Tunl NY Revs Series SUB 2005B3, 2.75% 1/1/2032, LOC Bank of America NA VRDN (b) | 4300000 | 4300000 |
| TOTAL NEW YORK |  | 2083680000 |
| North Carolina - 0.0%  |  |  |
| Hertford Cnty NC Indl Facs & Pollutn Ctl Fing Auth Indl Dev Rev (Nucor Corp Proj.) 2.85% 11/1/2033 VRDN (b)(d) | 100000 | 100000 |
| South Carolina - 0.2%  |  |  |
| Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 2.53% 4/1/2030 VRDN (b)(d) | 100000 | 100000 |
| Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 3% 3/1/2029 VRDN (b)(d) | 2500000 | 2500000 |
| Berkeley Cnty SC Indl Dev Rev (Nucor Corp Proj.) 3% 4/1/2031 VRDN (b)(d) | 5339000 | 5339000 |
| Darlington Cnty SC Indl Dev Re (Nucor Corp Proj.) 3% 8/1/2029 VRDN (b)(d) | 2700000 | 2700000 |
| TOTAL SOUTH CAROLINA |  | 10639000 |
| Wyoming - 0.0%  |  |  |
| Converse Cnty Wyo Environmenta Impt Rev (Pacificorp Proj.) Series 1995, 2.3% 11/1/2025 VRDN (b)(d) | 1500000 | 1500000 |
| <br> **TOTAL VARIABLE RATE DEMAND NOTE**<br> (Cost $2,238,300,000) |  | <br> **2238300000** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Paper - 1.7%** | &nbsp;&nbsp;**Commercial Paper - 1.7%** | &nbsp;&nbsp;**Commercial Paper - 1.7%** | &nbsp;&nbsp;**Commercial Paper - 1.7%** |
|  | Yield (%) (h) | Principal<br> Amount (a)<br>| Value ($)<br>|
| New York St Pwr Auth 2.88% 9/11/2025 CP  | 2.88 | 40000000 | 40000000 |
| New York St Pwr Auth 2.94% 8/5/2025 CP  | 2.94 | 20000000 | 20000000 |
| New York St Pwr Auth 2.94% 8/6/2025 CP  | 2.94 | 15723000 | 15723000 |
| <br> **TOTAL COMMERCIAL PAPER**<br> (Cost $75,723,000) |  |  | **75723000** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 8.2%** | &nbsp;&nbsp;**Money Market Funds - 8.2%** | &nbsp;&nbsp;**Money Market Funds - 8.2%** | &nbsp;&nbsp;**Money Market Funds - 8.2%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Municipal Cash Central Fund (i)(j)<br>(Cost $368,389,003)<br>| 2.91 | 368316783 | **368389003** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.5%**<br> (Cost $4,444,859,994)<br>| <br>**4444859994** |
| **NET OTHER ASSETS (LIABILITIES) - 0.5%**  | **23851806** |
| **NET ASSETS - 100.0%** | **4468711800** |

---

**Security Type Abbreviations**

BAN - BOND ANTICIPATION NOTE <br> VRDN - VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

The date shown for securities represents the date when principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets.

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(c) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(d) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(e) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(f) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $93,817,503 or 2.1% of net assets.

(g) Provides evidence of ownership in one or more underlying municipal bonds. Coupon rates are determined by re-marketing agents based on current market conditions.

(h) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(i) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.

(j) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Cost ($)<br>|
| Alaska Multi Fam Hsg Auth Chenana Apts Participating VRDN 2.54% 11/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 11/21/24 | 700000 |
| Arizona Ind Dev Auth Participating VRDN 2.54% 6/20/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 6/18/25 | 300000 |
| Arizona Ind Dev Auth Participating VRDN Series 2024 MIZ9187, 2.54% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 8/21/24 - 10/10/24 | 4400000 |
| Arizona Ind Dev Auth Participating VRDN Series 2024 MIZ9192, 2.54% 10/10/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 10/10/24 | 4755000 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Participating VRDN Series 2025 MIZ9211, 2.54% 5/13/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 5/14/25 | 400000 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Participating VRDN Series 2025 MIZ9213, 2.54% 1/1/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 6/03/25 | 1000000 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Participating VRDN Series 2025 MIZ9215, 2.54% 6/19/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 6/20/25 | 625000 |
| Bernalillo Nm Multi Fam Hsg St Anthony'S Pl Participating VRDN Series 2025 MIZ9210, 2.54% 4/29/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 4/30/25 | 2592503 |
| Collin County Hsg Fin Corp Multi Fam Participating VRDN 2.54% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 8/21/24 | 1980000 |
| Delaware Multi Fam Hsg Rev Participating VRDN Series 2024 MIZ9182, 2.54% 7/11/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 7/11/24 | 1400000 |
| Jefferson Cnty Tex Hsg Fin Corp Multifamily Hsg Mtg Rev Participating VRDN Series 2025 MIZ9214, 2.54% 6/11/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 6/12/25 | 900000 |
| Kansas City Mo Multi Fam Hsg Rev Participating VRDN Series 2025 MIZ9207, 2.54% 1/21/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 1/23/25 | 1100000 |
| Los Angeles CA Dept Arpts Rev Series 2025 MS0048, 2.47% tender 5/15/2050 (Liquidity Facility Morgan Stanley Bank NA) | 6/17/25 | 4400000 |
| Miami-Dade Cnty Fla Aviat Rev Tender Opt Bd Tr Rcpts / Ctfs Var Sts Series 2025 MS0050, 2.9% tender 10/1/2055 (Liquidity Facility Morgan Stanley Bank NA) | 6/26/25 | 2500000 |
| Missippi Multi Family Hsg Rev Participating VRDN Series 2024 MIZ9202, 2.54% 12/4/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 12/04/24 | 1465000 |
| Missippi Multi Family Hsg Rev Participating VRDN Series 2024 MIZ9205, 2.54% 7/1/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 12/12/24 | 900000 |
| New York City Transitional Finance Authority Series 2025 MS0032, 2.83% tender 11/1/2050 (Liquidity Facility Morgan Stanley Bank NA) | 4/01/25 | 9500000 |
| New York Dorm Auth Royal Charter Prop Participating VRDN Series 2025 MIZ9208, 2.54% 3/16/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 3/17/25 | 42600000 |
| Oregon Hsg & Cmnty Svcs Dep Participating VRDN 2.54% 1/2/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 1/02/25 | 600000 |
| Pennsylvania Multi Fam Hsg Rev Participating VRDN 2.54% 6/20/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 6/20/24 | 500000 |
| Port Auth NY & NJ 2.37% 9/20/2025 VRDN | 10/17/19 - 3/06/20 | 4600000 |
| River Islands Pub Fing Auth Participating VRDN 2.54% 10/10/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 10/10/24 | 3400000 |
| Saint Paul Hsg & Redev Auth Rev Participating VRDN 2.54% 8/21/2027 (Liquidity Facility Mizuho Capital Markets LLC) | 8/21/24 | 2000000 |
| St Louis MO Lafayette Apts Participating VRDN Series 2025 MIZ9212, 2.54% 5/21/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 5/22/25 | 1200000 |

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**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 448532124 | 808674742 | 888817863 | 6598880 | - | - | 368389003 | 368316783 | 14.0% |
| Total | 448532124 | 808674742 | 888817863 | 6598880 | - | - | 368389003 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

All investments are categorized as Level 2 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in these securities. For more information on valuation inputs, refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

**Financial Statements (Unaudited)**

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| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| <br> **As of July 31, 2025 (Unaudited)** | <br> **As of July 31, 2025 (Unaudited)** | <br> **As of July 31, 2025 (Unaudited)** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $4,076,470,991) | $4076470991 |  |
| Fidelity Central Funds (cost $368,389,003) | 368389003 |  |
| Total Investment in Securities (cost $4,444,859,994) |  | $4444859994 |
| Receivable for investments sold |  | 25200000 |
| Receivable for fund shares sold |  | 15685279 |
| Interest receivable |  | 17482415 |
| Distributions receivable from Fidelity Central Funds |  | 816930 |
| Receivable from investment adviser for expense reductions |  | 105031 |
| Other receivables |  | 201 |
| **Total assets** |  | 4504149850 |
| **Liabilities** |  |  |
| Payable to custodian bank | $48566 |  |
| Payable for investments purchased |  |  |
| Regular delivery | 6105000 |  |
| Delayed delivery | 15816742 |  |
| Payable for fund shares redeemed | 11691087 |  |
| Distributions payable | 773397 |  |
| Accrued management fee | 740681 |  |
| Other affiliated payables | 262577 |  |
| **Total liabilities** |  | 35438050 |
| **Net Assets**  |  | $4468711800 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $4468799609 |
| Total accumulated earnings (loss) |  | (87809) |
| **Net Assets** |  | $4468711800 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Fidelity New York Municipal Money Market Fund :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($53,537,541 ÷ 53,571,784 shares) |  | $1.00 |
| **Institutional Class :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($2,752,953,853 ÷ 2,750,970,916 shares) |  | $1.00 |
| **Premium Class :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($1,662,220,406 ÷ 1,660,865,591 shares) |  | $1.00 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| **Six months ended July 31, 2025 (Unaudited)** | **Six months ended July 31, 2025 (Unaudited)** | **Six months ended July 31, 2025 (Unaudited)** |
| **Investment Income** |  |  |
| Interest  |  | $54710352 |
| Income from Fidelity Central Funds  |  | 6598880 |
| **Total income** |  | 61309232 |
| **Expenses** |  |  |
| Management fee | $4350631 |  |
| Transfer agent fees | 1553867 |  |
| Independent trustees' fees and expenses | 5115 |  |
| Total expenses before reductions | 5909613 |  |
| Expense reductions | (678431) |  |
| Total expenses after reductions |  | 5231182 |
| **Net Investment income (loss)** |  | 56078050 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 20 |  |
| Total net realized gain (loss) |  | 20 |
| **Net increase in net assets resulting from operations** |  | $56078070 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)** | **Year ended**<br> **January 31, 2025** |
| **Increase (Decrease) in Net Assets** |  |  |
| Operations |  |  |
| &nbsp;&nbsp;Net investment income (loss) | $56078050 | $120953200 |
| &nbsp;&nbsp;Net realized gain (loss) | 20<br>| 28687<br>|
| **Net increase in net assets resulting from operations** | 56078070<br>| 120981887<br>|
| Distributions to shareholders | (56081412)<br>| (120946863)<br>|
| Share transactions - net increase (decrease) | 248672403<br>| 909290455<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 248669061<br>| 909325479<br>|
| **Net Assets** |  |  |
| &nbsp;&nbsp;Beginning of period | 4220042739 | 3310717260<br>|
| &nbsp;&nbsp;End of period | $4468711800 | $4220042739 |

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**Financial Highlights** 

**Fidelity® New York Municipal Money Market Fund** <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023** A |
| **Selected Per-Share Data**  |  |  |  |  |
| Net asset value, beginning of period  | $1.00 | $1.00 | $1.00 | $1.00 |
| Income from Investment Operations  |  |  |  |  |
| Net investment income (loss) B | .012  | .029  | .030  | .007  |
| Net realized and unrealized gain (loss) C | -  | -  | -  | -  |
| Total from investment operations  | .012  | .029  | .030  | .007  |
| Distributions from net investment income  | (.012)  | (.029)  | (.030)  | (.007)  |
| Total distributions  | (.012)  | (.029)  | (.030)  | (.007)  |
| Net asset value, end of period  | $1.00 | $1.00 | $1.00 | $1.00 |
| **Total Return** D,E | 1.20% <br>| 2.96%  | 3.01%  | .74%  |
| **Ratios to Average Net Assets** B,F,G |  |  |  |  |
| Expenses before reductions  | .42% H | .42%  | .42%  | .42% H |
| Expenses net of fee waivers, if any  | .42% H<br>| .42%  | .42%  | .42% H |
| Expenses net of all reductions, if any  | .42% H | .42%  | .42%  | .42% H |
| Net investment income (loss)  | 2.41% H | 2.91%  | 2.98%  | 2.01% H |
| **Supplemental Data** |  |  |  |  |
| Net assets, end of period (000 omitted) | $53538 | $50295 | $45555 | $7290 |

---

A*For the period September 22, 2022 (commencement of sale of shares) through January 31, 2023.*

B*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

C*Amount represents less than $.0005 per share.*

D*Total returns for periods of less than one year are not annualized.*

E*Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.*

F*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

G*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

H*Annualized.*

**Fidelity® New York Municipal Money Market Fund Institutional Class**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A | .013  | .031  | .032  | .012  | - B | .004  |
| Net realized and unrealized gain (loss) B | -  | -  | -  | -  | -  | -  |
| Total from investment operations  | .013  | .031  | .032  | .012  | - B | .004  |
| Distributions from net investment income  | (.013)  | (.031)  | (.032)  | (.012)  | - B | (.004)  |
| Distributions from net realized gain  | -  | -  | -  | -  | -  | - B |
| Total distributions  | (.013)  | (.031)  | (.032)  | (.012)  | - B | (.004)  |
| Net asset value, end of period  | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
| **Total Return** C,D | 1.32% <br>| 3.19%  | 3.24%  | 1.23%  | .01%  | .39%  |
| **Ratios to Average Net Assets** A,E,F |  |  |  |  |  |  |
| Expenses before reductions  | .25% G | .25%  | .25%  | .25%  | .26%  | .25%  |
| Expenses net of fee waivers, if any  | .20% G<br>| .20%  | .20%  | .20%  | .09%  | .20%  |
| Expenses net of all reductions, if any  | .20% G | .20%  | .20%  | .20%  | .09%  | .20%  |
| Net investment income (loss)  | 2.64% G | 3.13%  | 3.19%  | 1.46%  | .01%  | .42%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $2752954 | $2564452 | $1784811 | $1392460 | $950125 | $1274107 |

---

A*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

B*Amount represents less than $.0005 per share.*

C*Total returns for periods of less than one year are not annualized.*

D*Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.*

E*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

F*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

G*Annualized.*

**Fidelity® New York Municipal Money Market Fund Premium Class**<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months ended**<br> **July 31, 2025**<br> **(Unaudited)**  | **Years ended January 31, 2025**  | **2024**  | **2023**  | **2022**  | **2021**  |
| **Selected Per-Share Data**  |  |  |  |  |  |  |
| Net asset value, beginning of period  | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
| Income from Investment Operations  |  |  |  |  |  |  |
| Net investment income (loss) A | .013  | .030  | .031  | .011  | - B | .003  |
| Net realized and unrealized gain (loss) B | -  | -  | -  | -  | -  | -  |
| Total from investment operations  | .013  | .030  | .031  | .011  | - B | .003  |
| Distributions from net investment income  | (.013)  | (.030)  | (.031)  | (.011)  | -  | (.003)  |
| Distributions from net realized gain  | -  | -  | -  | -  | - B | - B |
| Total distributions  | (.013)  | (.030)  | (.031)  | (.011)  | - B | (.003)  |
| Net asset value, end of period  | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
| **Total Return** C,D | 1.27% <br>| 3.09%  | 3.14%  | 1.14%  | .01%  | .33%  |
| **Ratios to Average Net Assets** A,E,F |  |  |  |  |  |  |
| Expenses before reductions  | .30% G | .30%  | .30%  | .30%  | .31%  | .30%  |
| Expenses net of fee waivers, if any  | .30% G<br>| .30%  | .30%  | .29%  | .09%  | .26%  |
| Expenses net of all reductions, if any  | .30% G | .30%  | .30%  | .29%  | .09%  | .26%  |
| Net investment income (loss)  | 2.54% G | 3.03%  | 3.09%  | 1.36%  | .01%  | .35%  |
| **Supplemental Data** |  |  |  |  |  |  |
| Net assets, end of period (000 omitted) | $1662220 | $1605295 | $1480352 | $1291457 | $405747 | $468986 |

---

A*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

B*Amount represents less than $.0005 per share.*

C*Total returns for periods of less than one year are not annualized.*

D*Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.*

E*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

F*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

G*Annualized.*

**Notes to Financial Statements** **(Unaudited)**

For the period ended July 31, 2025

**1. Organization.**

Fidelity New York Municipal Money Market Fund (the Fund) is a fund of Fidelity New York Municipal Trust II (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. The Fund offers Fidelity New York Municipal Money Market Fund, Institutional Class and Premium Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Shares of the Fund are only available for purchase by retail shareholders. The Fund may be affected by economic and political developments in the state of New York.

**2. Investments in Fidelity Central Funds.**

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fidelity Central Fund** | **Investment Manager** | **Investment Objective** | **Investment Practices** | **Expense RatioA** |
| Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |

---

*A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.* 

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

**3. Significant Accounting Policies.**

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 *Financial Services - Investment Companies*. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. The Fund operates as a single operating segment. The Fund's income, expenses, assets, and performance are regularly monitored and assessed as a whole by the investment adviser and other individuals responsible for oversight functions of the Trust, using the information presented in the financial statements and financial highlights. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

**Investment Valuation.** The Fund categorizes the inputs to valuation techniques used to value its investments 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)

As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

Investments in the Fidelity Central Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

**Investment Transactions and Income.** The net asset value per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time. Security transactions, including the Fund's investment activity in the Fidelity Central Funds, are accounted for as of trade date. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable.

**Class Allocations and Expenses.** Investment income, realized and unrealized capital gains and losses, common expenses of a fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of a fund. Each class differs with respect to transfer agent and distribution and service plan fees incurred, as applicable. Certain expense reductions may also differ by class, if applicable. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

**Income Tax Information and Distributions to Shareholders.** Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to market discount and capital loss carryforwards.

The Fund purchases municipal securities whose interest, in the opinion of the issuer, is free from federal income tax. There is no assurance that the Internal Revenue Service (IRS) will agree with this opinion. In the event the IRS determines that the issuer does not comply with relevant tax requirements, interest payments from a security could become federally taxable, possibly retroactively to the date the security was issued.

As of period end, the cost and unrealized appreciation (depreciation) in securities for federal income tax purposes were as follows:

---

| | |
|:---|:---|
| **Gross unrealized appreciation** | $- |
| **Gross unrealized depreciation** | <u>-</u> |
| **Net unrealized appreciation (depreciation)** | <u>$-</u> |
| **Tax cost** | <u>$4444859994</u> |

---

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

---

| | |
|:---|:---|
| Short-term | $(188733) |
| Long-term | <u>-</u> |
| **Total capital loss carryforward** | <u>$(188733)</u> |

---

**Delayed Delivery Transactions and When-Issued Securities.** During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

**Restricted Securities (including Private Placements).** Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

**New Accounting Pronouncement.** In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid. The ASU allows for early adoption and amendments should be applied on a prospective basis. Management is currently evaluating the impact of the ASU but does not expect this guidance to materially impact the financial statements.

**4. Fees and Other Transactions with Affiliates.**

**Management Fee and Expense Contract.** Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee that is based on an annual rate of .20% of the Fund's average net assets. Under the management contract, the investment adviser pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense. The management fee is reduced by an amount equal to the fees and expenses paid by the Fund to the independent Trustees.

In addition, under the expense contract, the investment adviser pays class-level expenses for Premium Class so that the total expenses do not exceed .35%, expressed as a percentage of class average net assets, with certain exceptions such as interest expense.

**Transfer Agent Fees.** Fidelity Investments Institutional Operations Company LLC (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for the Fund. FIIOC receives asset-based fees with respect to each account. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. For the period, transfer agent fees for each class were as follows:

---

| | | |
|:---|:---|:---|
|  | **Amount ($)** | **% of Class-Level Average Net AssetsA** |
| **Fidelity New York Municipal Money Market Fund** | 59432 | .22 |
| **Institutional Class** | 656423 | .05 |
| **Premium Class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>838012</u> | .10 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>1553867</u> |  |

---

*A Annualized*

**Interfund Trades.** Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board of Trustees. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Interfund trades during the period are noted in the table below.

---

| | | | |
|:---|:---|:---|:---|
|  | **Purchases ($)** | **Sales ($)** | **Realized Gain (Loss) ($)** |
| **Fidelity New York Municipal Money Market Fund** | 14225000 | 12725000 | - |

---

**5. Expense Reductions.** 

The investment adviser contractually agreed to reimburse Institutional Class to the extent annual operating expenses, expressed as a percentage of average net assets, exceed .20%. Some expenses, for example the compensation of the independent Trustees, and certain other expenses such as interest expense, are excluded from this reimbursement. During the period, this reimbursement reduced Institutional Class expenses by $677,654.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, custodian credits reduced the Fund's expenses by $777.

**6. Distributions to Shareholders.**

Distributions to shareholders of each class were as follows:

---

| | | |
|:---|:---|:---|
|  | **Six months ended** <br> **July 31, 2025** | **Year ended**<br> **January 31, 2025** |
| **Fidelity New York Municipal Money Market Fund** |  |  |
| **Distributions to shareholders** |  |  |
| Fidelity New York Municipal Money Market Fund | $648315 | $1417043 |
| Institutional Class | 34357052 | 71820460 |
| Premium Class | &nbsp;&nbsp;&nbsp;&nbsp; <u>21076045</u> | &nbsp;&nbsp;&nbsp;&nbsp; <u>47709360</u> |
| Total  | <u>$56081412</u> | <u>$120946863</u> |

---

**7. Share Transactions.**

Share transactions for each class of shares at a $1.00 per share were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Dollars** | **Dollars** |
|  | **Six months ended** <br> **July 31, 2025**  | **Year ended**<br> **January 31, 2025** | **Six months ended** <br> **July 31, 2025**  | **Year ended**<br> **January 31, 2025** |
| **Fidelity New York Municipal Money Market Fund** |  |  |  |  |
| **Fidelity New York Municipal Money Market Fund** |  |  |  |  |
| Shares sold | 33271602 | 65048556 | $33271602 | $65048556 |
| Reinvestment of distributions | 577028 | 1297867 | 577028 | 1297867 |
| Shares redeemed | <u>(30602352)</u> | <u>(61594004)</u> | <u>(30602352)</u> | <u>(61594004)</u> |
| Net increase (decrease) | <u>3246278</u> | <u>4752419</u> | <u>$3246278</u> | <u>$4752419</u> |
| **Institutional Class** |  |  |  |  |
| Shares sold | 2047899261 | 3600508341 | $2047899261 | $3600508341 |
| Reinvestment of distributions | 31134070 | 65299801 | 31134070 | 65299801 |
| Shares redeemed | <u>(1890553443)</u> | <u>(2886409782)</u> | <u>(1890553443)</u> | <u>(2886409782)</u> |
| Net increase (decrease) | <u>188479888</u> | <u>779398360</u> | <u>$188479888</u> | <u>$779398360</u> |
| **Premium Class** |  |  |  |  |
| Shares sold | 750138452 | 1296193866 | $750138451 | $1296193865 |
| Reinvestment of distributions | 18909683 | 42961124 | 18909683 | 42961124 |
| Shares redeemed | <u>(712101898)</u> | <u>(1214015313)</u> | <u>(712101897)</u> | <u>(1214015313)</u> |
| Net increase (decrease) | <u>56946237</u> | <u>125139677</u> | <u>$56946237</u> | <u>$125139676</u> |

---

**8. Other.**

A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

**9. Risk and Uncertainties.**

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as public health emergencies, military conflicts, terrorism, government restrictions, political changes, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

**Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 9: Proxy Disclosures for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies**

**(Unaudited)**

Note: This information is disclosed as part of the financial statements for each Fund as part of Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

**Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

![](img111948_4.jpg)<br>

1.536272.128 NYS-SANN-0925

Item 8.

<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>

See Item 7.

Item 9.

<u>Proxy Disclosures for Open-End Management Investment Companies</u>

See Item 7.

Item 10.

<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>

See Item 7.

Item 11.

<u>Statement Regarding Basis for Approval of Investment Advisory Contract</u>

See Item 7.

Item 12.

<u>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies</u>

Not applicable.

Item 13.

<u>Portfolio Managers of Closed-End Management Investment Companies</u>

Not applicable.

Item 14.

<u>Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers</u>

Not applicable.

Item 15.

<u>Submission of Matters to a Vote of Security Holders</u>

There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity New York Municipal Trust II's Board of Trustees.

Item 16.

<u>Controls and Procedures</u>

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity New York Municipal Trust II's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 17.

<u>Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>

Not applicable.

Item 18.

<u>Recovery of Erroneously Awarded Compensation</u>

(a) Not applicable.

(b) Not applicable.

Item 19.

<u>Exhibits</u>

(a) (1) Not applicable.

(a) (2) [Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.](ex99cert.htm)

(a) (3) Not applicable.

(b) [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.](ex99906cert.htm)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity New York Municipal Trust II

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Laura M. Del Prato</u> |
|  | &nbsp;&nbsp; Laura M. Del Prato |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; September 22, 2025 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Laura M. Del Prato</u> |
|  | &nbsp;&nbsp; Laura M. Del Prato |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; September 22, 2025 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Stephanie Caron</u> |
|  | &nbsp;&nbsp; Stephanie Caron |
|  | &nbsp;&nbsp; Chief Financial Officer (Principal Financial Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; September 22, 2025 |

---

## Ex-99.Cert

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<u>Exhibit EX-99.CERT</u>

I, Laura M. Del Prato, certify that:

1. I have reviewed this report on Form N-CSR of Fidelity New York Municipal Trust II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

September 22, 2025

---

| |
|:---|
| &nbsp;&nbsp;<u>/s/Laura M. Del Prato</u> |
| &nbsp;&nbsp;Laura M. Del Prato |
| &nbsp;&nbsp;President and Treasurer (Principal Executive Officer) |

---

I, Stephanie Caron, certify that:

1. I have reviewed this report on Form N-CSR of Fidelity New York Municipal Trust II;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

September 22, 2025

---

| |
|:---|
| &nbsp;&nbsp;<u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp;Stephanie Caron |
| &nbsp;&nbsp;Chief Financial Officer (Principal Financial Officer) |

---

## Exhibit 99.906

<u>Exhibit EX-99.906CERT</u>

**Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code)**

In connection with the attached Report of Fidelity New York Municipal Trust II (the "Trust") on Form N-CSR to be filed with the Securities and Exchange Commission (the "Report"), each of the undersigned officers of the Trust does hereby certify that, to the best of such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Dated: September 22, 2025

---

| |
|:---|
| &nbsp;&nbsp;<u>/s/Laura M. Del Prato</u> |
| &nbsp;&nbsp;Laura M. Del Prato |
| &nbsp;&nbsp;President and Treasurer (Principal Executive Officer) |

---

Dated: September 22, 2025

---

| |
|:---|
| &nbsp;&nbsp;<u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp;Stephanie Caron |
| &nbsp;&nbsp;Chief Financial Officer (Principal Financial Officer) |

---

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Trust and will be retained by the Trust and furnished to the Securities and Exchange Commission or its staff upon request.

<br>