Issuers

Conduit issuer profiles

The 30 conduit issuers whose bonds registered funds hold most, with the facts each one publishes — fees, size limits, board meetings — linked to the issuer’s own pages.

Securitief ResearchUpdated October 2026Holdings: SEC Form N-PORT · Facts: issuer websites, October 2026

New to this? Start with choosing an issuer: local authority, statewide authority or national conduit.

Profiled conduit issuers
Ranked by bonds held across registered funds. Facts: number of items verified on the issuer’s own pages. Next board: the next published meeting after this page was built.
IssuerTypeStateHeld by fundsFundsFactsNext board
Public Finance AuthorityNational conduitall states$15.4B2524—
Massachusetts Development Finance AgencyStatewide authorityMA$6.8B1997—
New Jersey Economic Development AuthorityStatewide authorityNJ$4.7B1927Nov 16, 2026
Pennsylvania Economic Development Financing AuthorityStatewide authorityPA$4.6B1907Nov 18, 2026
Florida Development Finance CorpStatewide authorityFL$4.3B935Nov 4, 2026
South Carolina Jobs-Economic Development AuthorityStatewide authoritySC$3.1B1467—
California Infrastructure & Economic Development BankStatewide authorityCA$2.9B1547Nov 18, 2026
Arizona Industrial Development AuthorityStatewide authorityAZ$2.7B1446Nov 19, 2026
Arkansas Development Finance AuthorityStatewide authorityAR$1.6B885Dec 3, 2026
Maricopa County Industrial Development AuthorityLocal authorityAZ$1.6B1446—
Texas Private Activity Bond Surface Transportation CorpStatewide authorityTX$1.5B762—
Philadelphia Authority for Industrial DevelopmentLocal authorityPA$1.4B1176Nov 3, 2026
Oklahoma Development Finance AuthorityStatewide authorityOK$1.2B954Dec 9, 2026
Maryland Economic Development CorpStatewide authorityMD$1.1B905Nov 16, 2026
California Pollution Control Financing AuthorityStatewide authorityCA$1.0B736Nov 10, 2026
California Public Finance AuthorityStatewide authorityCA$997.2M936—
New York City Industrial Development Agency—NY$849.3M640—
Kentucky Economic Development Finance AuthorityStatewide authorityKY$691.7M676—
West Virginia Economic Development AuthorityStatewide authorityWV$673.5M675—
Montgomery County Industrial Development AuthorityLocal authorityPA$650.1M574—
Monroe County Industrial Development CorpLocal authorityNY$645.7M526—
Chandler Industrial Development AuthorityLocal authorityAZ$613.3M476—
Kansas Development Finance AuthorityStatewide authorityKS$598.8M696—
Hillsborough County Industrial Development AuthorityLocal authorityFL$568.3M554—
California Enterprise Development AuthorityStatewide authorityCA$525.4M625—
Lee County Industrial Development AuthorityLocal authorityFL$514.0M695Nov 18, 2026
Baldwin County Industrial Development Authority—AL$447.3M510—
Industrial Development Authority of the City of PhoenixLocal authorityAZ$438.1M466—
Duluth Economic Development Authority—MN$421.2M390—
Mobile County Industrial Development Authority—AL$415.0M320—
Source: SEC Form N-PORT; issuer websites.

Methodology

The thirty most-held conduit issuers after merging filer name variants; two entries are left out because the filings do not settle which issuer or state they belong to. A dash means not published or not found — never zero. Listing is not an endorsement.

Important information. Securitief Research is published by Securitief, operated by Applied America. Securitief is not a placement agent or underwriter and does not seek or receive compensation from any financing, including financings of issuers and borrowers discussed here. It is not acting as a municipal advisor and owes no fiduciary duty to any issuer or obligated person unless separately engaged in writing.

This material is general information. It is not tax, legal, investment or municipal advice, a recommendation, or an offer to sell or a solicitation of an offer to buy any security. Offers are made only by offering documents and only where permitted by state securities laws. State allocation procedures change; confirm current rules with the allocating agency and bond counsel.

Sources: SEC Form N-PORT and FDIC call reports (holdings), IRS and Census (volume cap and population), state agency publications. Issuer classification and aggregation are Securitief’s own and may contain matching errors; figures may be revised. No licensed index levels (MMD, BVAL, ICE) or EMMA trade data are used. Past holdings do not indicate future demand, pricing or the availability of financing. Interest on private activity bonds may be subject to the alternative minimum tax; tax treatment depends on the facts and the opinion of bond counsel.