| Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A | — | $5.7M | 320.96% |
| Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2020 | — | $4.5M | 254.29% |
| Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2024A | — | $4.2M | 236.82% |
| Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, University of Indianapolis - Health Pavilion Project, Series 2019A | — | $2.9M | 161.89% |
| Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023A | — | $2.6M | 145.00% |
| Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Creighton University Projects, Series 2020 | — | $2.5M | 141.25% |
| Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Sustainability Series 2020A | — | $2.3M | 128.64% |
| Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2019 | — | $2.3M | 128.61% |
| Yavapai County Jail District, Arizona, Pleged Revenue Obligation Bonds, Series 2020 | — | $2.3M | 126.66% |
| Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Mayo/Brooks Rehabilitation Facility Project, Series 2024A | — | $2.1M | 118.99% |
| Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024 | — | $2.1M | 115.34% |
| Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement Project 2011 and 2017, Series 2018 | — | $2.0M | 113.91% |
| Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A | — | $2.0M | 113.28% |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A | — | $2.0M | 112.07% |
| Glendale, Arizona, Water and Sewer Revenue Bonds, Senior Lien Series 2022A | — | $1.9M | 108.38% |