# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-071970
**Filing Date:** 2023-3
**Character Count:** 586464
**Document Hash:** d237e22d6576d957d2acbce3a209c10f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-071970.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-071970

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 23774104

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2026 Term Muni Bond ETF (Series ID: S000063115)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000204676 | iShares iBonds Dec 2026 Term Muni Bond ETF | IBMO            |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Municipal Debt Obligations** |  |  |
| **Alabama — 1.6%** |  |  |
| Alabama Federal Aid Highway Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | $235 | $257602 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/36 (PR 09/01/26) | 1250 | 1372487 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/26 | 980 | 1074255 |
| Alabama Highway Finance Corp., 5.00%, 08/01/26 | 115 | 125565 |
| Alabama Public School & College Authority, 5.00%, 05/01/26 (Call 05/01/25) | 45 | 47739 |
| Alabama Public School and College Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/26 | 130 | 143025 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/26 (Call 07/01/24) | 350 | 363452 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/26 (Call 12/01/24) | 150 | 157473 |
| Black Belt Energy Gas District RB, VRDN,4.00%, 10/01/52 (Put 12/01/26)<sup>(a)</sup> | 300 | 300503 |
| City of Huntsville AL GOL, 5.00%, 05/01/26 | 40 | 43480 |
| State of Alabama GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 50 | 54788 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 (Call 02/01/26) | 100 | 108263 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/27 (Call 08/01/26) | 415 | 454958 |
| University of Alabama (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 110 | 119942 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/26 | 220 | 239885 |
|  |  | 4863417 |
| **Arizona — 2.2%** |  |  |
| Arizona Department of Transportation State Highway Fund |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB, 5.00%, 07/01/26 | 225 | 245957 |
| Arizona State University RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 35 | 38212 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/29 (Call 07/01/26) | 105 | 114274 |
| Arizona Transportation Board RB, Series A, 5.00%, 07/01/26 | 430 | 469310 |
| City of Glendale AZ Water & Sewer Revenue RB, 5.00%, 07/01/26 (Call 07/01/25) | 310 | 329881 |
| City of Phoenix AZ GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/01/26 | 220 | 232916 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 550 | 600280 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 430 | 469606 |
| City of Phoenix Civic Improvement Corp., 5.00%, 07/01/26 | 295 | 322477 |
| City of Phoenix Civic Improvement Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26). | 355 | 387698 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/29 (Call 07/01/26) | 325 | 354823 |
| &nbsp;&nbsp;&nbsp;5.50%, 07/01/26 (NPFGC) | 40 | 44172 |
| City of Tucson AZ Water System Revenue RB, 5.00%, 07/01/26 | 150 | 163713 |
| County of Pima AZ Sewer System Revenue RB, 5.00%, 07/01/26 | 180 | 196455 |
| County of Pima Sewer System Revenue, 5.00%, 07/01/26 | 390 | 425653 |
| Salt River Project Agricultural Improvement & Power District RB 5.00%, 01/01/26 | 340 | 367499 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/26 | 1100 | 1188967 |
| State of Arizona Lottery Revenue RB, 5.00%, 07/01/26 | 100 | 109176 |
| University of Arizona (The) RB, Series A, 4.00%, 06/01/28 (Call 06/01/26) | 285 | 300299 |
|  |  | 6361368 |
| **Arkansas — 0.1%** |  |  |
| State of Arkansas GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 (Call 10/01/24) | 115 | 119990 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 (Call 10/01/24) | 20 | 20868 |
|  |  | 140858 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **California — 13.0%** |  |  |
| Alvord Unified School District GO, Series B, 0.00%, 08/01/26 (AGM)<sup>(b)</sup> | $55 | $49942 |
| Anaheim Housing & Public Improvements Authority RB, 5.00%, 10/01/26 | 500 | 550484 |
| Bay Area Toll Authority RB, 5.00%, 04/01/26 | 110 | 119750 |
| Beverly Hills Unified School District CA GO, 0.00%, <br> 08/01/26<sup>(b)</sup> | 100 | 91654 |
| California Health Facilities Financing Authority RB, 5.00%, 11/15/26 (Call 11/15/25) | 115 | 123852 |
| California Infrastructure & Economic Development Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 75 | 82964 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 (Call 04/01/26) | 235 | 256606 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/27 (PR 10/01/26) | 100 | 110656 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 04/01/26) | 40 | 43754 |
| California State Public Works Board RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/01/28 (Call 10/01/26) | 175 | 185829 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 | 250 | 272481 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 190 | 208868 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | 75 | 82622 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/29 (Call 10/01/26) | 225 | 248283 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/26 (Call 09/01/24) | 290 | 302536 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/26 | 130 | 141690 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/26 (Call 10/01/24) | 125 | 130654 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/27 (Call 11/01/26) | 165 | 182620 |
| &nbsp;&nbsp;&nbsp;Series D, 4.00%, 04/01/28 (Call 10/01/26) | 250 | 265549 |
| California State University RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 260 | 287829 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/26 | 375 | 415139 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/26 (Call 11/01/25) | 165 | 178122 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/28 (Call 05/01/26) | 230 | 251599 |
| Campbell Union High School District GO, 5.00%, 08/01/27 (Call 08/01/26) | 145 | 159631 |
| Carlsbad Unified School District GO, 5.00%, 08/01/27 (Call 08/01/26) | 80 | 87674 |
| City of Long Beach CA Airport System Revenue RB, 5.00%, 06/01/26 (AGM) | 350 | 381222 |
| City of Los Angeles CA Wastewater System Revenue RB, Series B, 5.00%, 06/01/26 | 50 | 54849 |
| City of Los Angeles Department of Airports RB, 5.00%, 05/15/26 | 385 | 420171 |
| City of San Francisco CA Public Utilities Commission Water Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 11/01/26) | 340 | 376957 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/28 (Call 11/01/26) | 225 | 249437 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/29 (Call 11/01/26) | 635 | 703560 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/26 | 240 | 265964 |
| Contra Costa Transportation Authority Sales Tax Revenue RB, 4.00%, 03/01/26 (Call 03/01/25) | 80 | 83209 |
| Contra Costa Water District RB, Series U, 5.00%, 10/01/26 | 50 | 55179 |
| East Bay Municipal Utility District Water System Revenue RB, 5.00%, 06/01/26 | 150 | 164444 |
| East Side Union High School District GO, 5.00%, 08/01/28 (Call 08/01/26) | 305 | 335367 |
| El Camino Community College District Foundation (The) GO, 5.00%, 08/01/28 (Call 08/01/26) | 220 | 241904 |
| El Camino Community College District GO, Series C, 0.00%, 08/01/26<sup>(b)</sup> | 150 | 138244 |
| Escondido Union High School District GO, Series A, 0.00%, 08/01/26 (AGC)<sup>(b)</sup> | 50 | 45669 |
| Evergreen School District GO, 0.00%, 08/01/26 (AGC)<sup>(b)</sup> | 80 | 73526 |
| Folsom Cordova Unified School District School Facilities Improvement Dist No. 4 GO, Series A, 0.00%, 10/01/26 (NPFGC)<sup>(b)</sup> | 100 | 90826 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **California (continued)** |  |  |
| Grossmont Union High School District GO, 0.00%, 08/01/26 (AGM)<sup>(b)</sup> | $90 | $82460 |
| Long Beach Unified School District GO, 5.00%, 08/01/27 (Call 08/01/26) | 215 | 236464 |
| Los Angeles Community College District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 400 | 440290 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/26 | 155 | 169873 |
| &nbsp;&nbsp;&nbsp;Series G, 5.00%, 08/01/26 (PR 08/01/24) | 70 | 72863 |
| &nbsp;&nbsp;&nbsp;Series I, 4.00%, 08/01/26 | 100 | 106676 |
| &nbsp;&nbsp;&nbsp;Series I, 4.00%, 08/01/29 (Call 08/01/26) | 100 | 106341 |
| Los Angeles County Metropolitan Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 290 | 318518 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 140 | 149831 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 165 | 180921 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 | 200 | 219259 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 (Call 06/01/26) | 140 | 153536 |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue RB, 5.00%, 07/01/26 | 315 | 345977 |
| Los Angeles County Public Works Financing Authority, 5.00%, 12/01/26 (Call 12/01/25) | 100 | 108163 |
| Los Angeles County Public Works Financing Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/26 (Call 12/01/24) | 80 | 83936 |
| &nbsp;&nbsp;&nbsp;Series S, 5.00%, 10/01/29 (Call 10/01/26) | 300 | 328818 |
| Los Angeles Department of Water & Power Power System |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB, 5.00%, 07/01/26 | 220 | 241634 |
| Los Angeles Department of Water & Power RB, Series A, 5.00%, 07/01/26 | 285 | 313026 |
| Los Angeles Department of Water & Power System Revenue RB Series A, 5.00%, 07/01/26 | 380 | 417369 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/26 (Call 06/01/26) | 140 | 153441 |
| Los Angeles Department of Water & Power Water System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 145 | 159461 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 01/01/26) | 440 | 477634 |
| Los Angeles Department of Water RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 150 | 164959 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 (Call 07/01/24) | 90 | 93776 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/29 (Call 01/01/26) | 130 | 141146 |
| Los Angeles Unified School District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 200 | 219668 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 630 | 691953 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/28 (Call 07/01/26) | 620 | 680957 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/26 | 105 | 115326 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/26 (Call 07/01/24) | 220 | 229011 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/26 (Call 07/01/24) | 235 | 244626 |
| Metropolitan Water District of Southern California RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 145 | 160451 |
| &nbsp;&nbsp;&nbsp;Series A, 2.50%, 07/01/26 | 280 | 283162 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 260 | 285297 |
| Midpeninsula Regional Open Space District Field Employees Corp. GOL, 5.00%, 09/01/27 (Call 09/01/26) | 100 | 110324 |
| Municipal Improvement Corp. of Los Angeles RB, Series B, 5.00%, 11/01/26 | 410 | 452947 |
| Newport Mesa Unified School District GO, 0.00%, 08/01/26 (NPFGC)<sup>(b)</sup> | 190 | 174988 |
| Ohlone Community College District GO, Series C, 4.00%, 08/01/29 (Call 08/01/26) | 65 | 69122 |
| Palo Alto Unified School District GO, 0.00%, 08/01/26<sup>(b)</sup> | 335 | 309599 |
| Palos Verdes Peninsula Unified School District GO, 0.00%, 11/01/26 (NPFGC)<sup>(b)</sup> | 165 | 150294 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **California (continued)** |  |  |
| Pasadena Area Community College District GO, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/29 (Call 08/01/26) | $165 | $175463 |
| Port of Los Angeles RB, Series C2, 5.00%, 08/01/26 | 120 | 131916 |
| Rancho Water District Financing Authority RB, Series B, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (PR 08/01/26) | 40 | 43971 |
| Sacramento County Sanitation Districts Financing Authority |  |  |
| &nbsp;&nbsp;&nbsp;RB, 5.00%, 08/01/26 (Call 08/01/25) | 80 | 85811 |
| Sacramento Municipal Utility District RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 200 | 213702 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/26 | 65 | 71549 |
| San Diego Community College District GO, 4.00%, 08/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 08/01/26) | 100 | 106388 |
| San Diego County Regional Transportation Commission RB, |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/29 (Call 04/01/26) | 260 | 283767 |
| San Diego County Water Authority RB, 5.00%, 05/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 05/01/25) | 100 | 106631 |
| San Diego Unified School District/CA |  |  |
| &nbsp;&nbsp;&nbsp;5.50%, 07/01/26 (AGM) | 335 | 373796 |
| &nbsp;&nbsp;&nbsp;5.50%, 07/01/26 (ETM) (AGM) | 25 | 27720 |
| San Diego Unified School District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.00%, 07/01/26<sup>(b)</sup> | 20 | 18402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.00%, 07/01/26 (ETM)<sup>(b)</sup> | 30 | 27602 |
| &nbsp;&nbsp;&nbsp;Series R-5, 4.00%, 07/01/29 (Call 07/01/26) | 265 | 281084 |
| &nbsp;&nbsp;&nbsp;Series R-5, 5.00%, 07/01/26 | 100 | 109764 |
| San Francisco Bay Area Rapid Transit District GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/26 | 55 | 58595 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 200 | 220003 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 08/01/26 (Call 08/01/25) | 60 | 64328 |
| San Francisco City & County Airport Commission San |  |  |
| Francisco International Airport RB, Series A, 5.00%, 05/01/26 | 340 | 370026 |
| San Jose Evergreen Community College District GO, Series A, 5.00%, 09/01/26 (PR 09/01/24) | 100 | 104259 |
| San Mateo County Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.00%, 09/01/26 (NATL)<sup>(b)</sup> | 275 | 253554 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 0.00%, 09/01/26 (NPFGC)<sup>(b)</sup> | 95 | 87591 |
| San Mateo Union High School District GO, 4.00%, 09/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 09/01/26) | 925 | 985415 |
| Santa Barbara Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 100 | 109948 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/26) | 120 | 131948 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/26) | 50 | 54954 |
| Santa Clara County Financing Authority RB, 5.00%, 05/01/26 | 150 | 164037 |
| Santa Clara Unified School District GO, 5.00%, 07/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/01/24) | 95 | 98526 |
| Santa Clara Valley Transportation Authority RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 95 | 104180 |
| Santa Clara Valley Water District COP, Series A, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;02/01/29 (Call 02/01/26) | 350 | 380297 |
| Santa Monica Community College District GO, 0.00%, 08/01/26<sup>(b)</sup> | 500 | 458271 |
| Santa Monica-Malibu Unified School District GO, Series D, |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/26 (PR 08/01/25) | 40 | 41796 |
| Southern California Public Power Authority RB, Series C, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 01/01/25) | 65 | 68637 |
| State of California Department of Water Resources RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 250 | 277835 |
| &nbsp;&nbsp;&nbsp;Series AV, 5.00%, 12/01/26 (Call 06/01/26) | 80 | 87782 |
| &nbsp;&nbsp;&nbsp;Series AW, 5.00%, 12/01/27 (Call 12/01/26) | 165 | 183455 |
| &nbsp;&nbsp;&nbsp;Series AW, 5.00%, 12/01/28 (Call 12/01/26) | 400 | 444835 |
| State of California GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 04/01/26 | 100 | 105885 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/01/26 | 850 | 909413 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **California (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 09/01/27 (Call 09/01/26) | $130 | $138683 |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/28 (Call 08/01/26) | 80 | 85216 |
| &nbsp;&nbsp;&nbsp;4.00%, 09/01/28 (Call 09/01/26) | 415 | 442653 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/26 (Call 03/01/25) | 230 | 243743 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 | 345 | 376134 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 505 | 555328 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (Call 08/01/25) | 615 | 659050 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | 655 | 721801 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 490 | 541116 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 (Call 04/01/26) | 235 | 256274 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 730 | 807858 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 50 | 55450 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 305 | 335124 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 (Call 09/01/26) | 135 | 148642 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/26) | 410 | 450530 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/26) | 1305 | 1436917 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/26) | 200 | 219037 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/29 (Call 09/01/26) | 615 | 674833 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/26 | 700 | 771390 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/27 (Call 08/01/26) | 625 | 686729 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/28 (Call 08/01/26) | 805 | 884577 |
| University of California RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/15/26 | 330 | 349412 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/26 | 420 | 459971 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/29 (Call 05/15/26) | 360 | 394302 |
| &nbsp;&nbsp;&nbsp;Series AM, 5.00%, 05/15/26 (Call 05/15/24) | 210 | 217232 |
| &nbsp;&nbsp;&nbsp;Series AV, 5.00%, 05/15/26 | 205 | 224548 |
| &nbsp;&nbsp;&nbsp;Series AY, 5.00%, 05/15/26 | 170 | 186211 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 05/15/26 (Call 05/15/25) | 380 | 405278 |
|  |  | 38506588 |
| **Colorado — 0.7%** |  |  |
| Board of Governors of Colorado State University System, 5.00%, 03/01/26 (ST HGR ED INTERCEPT PROG) | 425 | 459447 |
| City & County of Denver Co. Airport System Revenue RB, 5.00%, 11/15/26 | 290 | 319354 |
| City & County of Denver Co. GO, Series A, 5.00%, 08/01/26 | 45 | 49373 |
| City of Colorado Springs CO Utilities System Revenue RB, Series A2, 5.00%, 11/15/26 | 50 |  |
| Colorado Health Facilities Authority, 5.00%, 11/01/26 | 200 | 214885 |
| Denver City & County School District No. 1 GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/01/26 (Call 12/01/25) (SAW) | 115 | 120850 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 (SAW) | 55 | 60738 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 12/01/26) | 215 | 237181 |
| &nbsp;&nbsp;&nbsp;5.50%, 12/01/26 (SAW) | 195 | 218910 |
| E-470 Public Highway Authority RB, 0.00%, 09/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(NPFGC)<sup>(b)</sup> | 250 | 226454 |
| University of Colorado RB, Series A-2, 5.00%, 06/01/26 | 225 | 245450 |
|  |  | 2207799 |
| **Connecticut — 2.0%** |  |  |
| Connecticut State Health & Educational Facilities Authority RB, 2.80%, 07/01/57(02/03/26) | 400 | 399550 |
| State of Connecticut GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 03/15/26 | 185 | 194418 |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/26 | 205 | 216199 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/26 | 125 | 135728 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/26 | 255 | 276326 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/15/26 | 1140 | 1237843 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 06/01/26 | 100 | 105463 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/15/26 | 320 | 348169 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/15/27 (Call 05/15/26) | 155 | 168470 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Connecticut (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 09/15/26 | $355 | $389377 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 10/15/26 | 180 | 197824 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 09/15/26 | 205 | 224852 |
| State of Connecticut Special Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 (Call 09/01/24) | 165 | 172130 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/26 | 455 | 494734 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/27 (Call 09/01/26) | 480 | 526416 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/28 (Call 09/01/26) | 160 | 175477 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/28 (Call 09/01/26) | 150 | 164510 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/26 | 80 | 87870 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/26 | 425 | 467743 |
|  |  | 5983099 |
| **Delaware — 0.8%** |  |  |
| Delaware Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 470 | 514589 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 275 | 301090 |
| State of Delaware GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 | 80 | 86700 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/26 | 100 | 108603 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 125 | 136902 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 105 | 115719 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 07/01/26) | 260 | 284397 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/26 | 335 | 362193 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/27 (Call 07/01/26) | 360 | 393905 |
|  |  | 2304098 |
| **District of Columbia — 1.3%** |  |  |
| District of Columbia GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 (Call 06/01/25) | 355 | 377494 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/26 | 160 | 176685 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 (Call 06/01/26) | 175 | 190788 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/26 (Call 06/01/25) | 125 | 132920 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/26 | 80 | 87514 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/27 (Call 12/01/26) | 225 | 248299 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/28 (Call 12/01/26) | 200 | 220711 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/29 (Call 12/01/26) | 215 | 237181 |
| District of Columbia RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 400 | 440337 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/01/26 | 60 | 65456 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/26 | 965 | 1063870 |
| District of Columbia Water & Sewer Authority RB, 5.00%, 10/01/26 | 215 | 236456 |
| Washington Metropolitan Area Transit Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 175 | 190877 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/26 | 280 | 305692 |
|  |  | 3974280 |
| **Florida — 3.4%** |  |  |
| County of Miami-Dade FL Aviation Revenue RB, Series B, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 (Call 10/01/25) | 290 | 310263 |
| County of Miami-Dade FL GO, 5.00%, 11/01/26 (Call 11/01/24) | 1000 | 1042317 |
| County of Miami-Dade FL Transit System RB, 5.00%, 07/01/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/01/26) | 315 | 341849 |
| County of Miami-Dade FL Water & Sewer System Revenue RB, 5.00%, 10/01/26 (Call 10/01/25) | 815 | 869701 |
| Florida Department of Environmental Protection RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 350 | 381514 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 435 | 462053 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 (Call 07/01/25) | 165 | 175261 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 (Call 07/01/26) | 380 | 414608 |
| Hillsborough County Aviation Authority RB, 5.00%, 10/01/26 | 200 | 219600 |
| Orange County School Board COP, 5.00%, 08/01/26 | 160 | 174305 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Florida (continued)** |  |  |
| Orlando Utilities Commission RB, Series A, 5.00%, 10/01/26 | $150 | $164756 |
| Palm Beach County School District, 5.00%, 08/01/26 | 300 | 327033 |
| Reedy Creek Improvement District GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 300 | 324751 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 | 130 | 139861 |
| School Board of Miami-Dade County (The) COP |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/29 (Call 02/01/26) | 350 | 371759 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/01/27 (Call 02/01/26) | 170 | 182545 |
| School Board of Miami-Dade County (The) GO, 5.00%, 03/15/28 (Call 03/15/26) | 100 | 107642 |
| School District of Broward County/FL COP |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 (Call 07/01/26) | 195 | 212357 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/26 | 145 | 157906 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/27 (Call 07/01/26) | 210 | 228692 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/26 | 200 | 217802 |
| State of Florida Department of Transportation Turnpike System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 65 | 71032 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 130 | 138337 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/27 (Call 07/01/26) | 185 | 202040 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/29 (Call 07/01/26) | 195 | 212625 |
| State of Florida GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 125 | 136656 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 160 | 175346 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 175 | 186478 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 160 | 174704 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 55 | 60275 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/26 (Call 06/01/24) | 40 | 41442 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/26 | 240 | 263018 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/26 | 115 | 125724 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/28 (Call 06/01/26) | 50 | 54595 |
| &nbsp;&nbsp;&nbsp;Series D, 4.00%, 06/01/29 (Call 06/01/26) | 135 | 142420 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 06/01/26 (Call 06/01/25) | 275 | 292295 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 06/01/29 (Call 06/01/26) | 100 | 109190 |
| State of Florida Lottery Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 325 | 354599 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (CALL 07/01/26) | 145 | 158106 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 385 | 420063 |
|  |  | 10145520 |
| **Georgia — 2.1%** |  |  |
| City of Atlanta GA, 5.00%, 12/01/26 | 200 | 220944 |
| City of Atlanta GA Department of Aviation RB, 5.00%, 07/01/26 | 100 | 109142 |
| City of Atlanta GA Water & Wastewater Revenue RB, 5.00%, 11/01/26 | 235 | 258902 |
| County of Carroll GA GO, 5.00%, 06/01/26 | 85 | 92697 |
| County of Forsyth GA GO, 5.00%, 03/01/26 (Call 03/01/25) | 55 | 58229 |
| Forsyth County School District GO, 5.00%, 02/01/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 02/01/26) | 245 | 265427 |
| Georgia Ports Authority RB, 5.00%, 07/01/26 | 160 | 174958 |
| Georgia State Road & Tollway Authority RB, 5.00%, 06/01/26 | 270 | 294086 |
| Gwinnett County School District GO, Series B, 5.00%, 08/01/26 | 500 | 548764 |
| Gwinnett County Water & Sewerage Authority RB, 5.00%, 08/01/26 | 135 | 148166 |
| Henry County School District GO, 5.00%, 08/01/26 (SAW) | 230 | 252024 |
| Metropolitan Atlanta Rapid Transit Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 150 | 164023 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/29 (Call 07/01/26) | 390 | 426554 |
| Private Colleges & Universities Authority RB, 5.00%, 09/01/26 | 220 | 241478 |
| State of Georgia GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 125 | 136859 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Georgia (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/26 | $600 | $658305 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 02/01/26 | 135 | 146265 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 12/01/26 | 185 | 204660 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 12/01/27 (Call 12/01/26) | 255 | 282228 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 12/01/28 (Call 12/01/26) | 220 | 243457 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 01/01/26 | 1310 | 1415952 |
|  |  | 6343120 |
| **Hawaii — 1.7%** |  |  |
| City & County Honolulu HI Wastewater System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 100 | 106486 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 300 | 327632 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 (Call 07/01/26) | 370 | 403442 |
| City & County of Honolulu HI GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 640 | 699612 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/26 (Call 10/01/25) | 150 | 160549 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/26 (Call 10/01/25) | 100 | 107033 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 09/01/26 | 75 | 82322 |
| County of Hawaii HI GO, Series A, 5.00%, 09/01/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 03/01/26) | 100 | 108323 |
| State of Hawaii GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 100 | 107941 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 445 | 488611 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 (Call 10/01/25) | 160 | 171253 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/26) | 100 | 109837 |
| &nbsp;&nbsp;&nbsp;Series EY, 5.00%, 10/01/26 (Call 10/01/25) | 140 | 149846 |
| &nbsp;&nbsp;&nbsp;Series FE, 5.00%, 10/01/27 (Call 10/01/26) | 460 | 505422 |
| &nbsp;&nbsp;&nbsp;Series FG, 5.00%, 10/01/27 (Call 10/01/26) | 175 | 192280 |
| &nbsp;&nbsp;&nbsp;Series FG, 5.00%, 10/01/29 (Call 10/01/26) | 100 | 109837 |
| &nbsp;&nbsp;&nbsp;Series FH, 5.00%, 10/01/27 (Call 10/01/26) | 160 | 175799 |
| &nbsp;&nbsp;&nbsp;Series FH, 5.00%, 10/01/28 (Call 10/01/26) | 295 | 324020 |
| &nbsp;&nbsp;&nbsp;Series FT, 5.00%, 01/01/26 | 255 | 275249 |
| State of Hawaii State Highway Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 130 | 140132 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/29 (Call 07/01/26) | 75 | 81727 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/27 (Call 07/01/26) | 140 | 152557 |
|  |  | 4979910 |
| **Idaho — 0.3%** |  |  |
| Idaho Housing & Finance Association RB, 5.00%, 07/15/26 | 740 | 805840 |
| **Illinois — 2.4%** |  |  |
| Chicago O'Hare International Airport RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 305 | 328234 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/29 (Call 01/01/26) | 170 | 181676 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/26 (Call 01/01/25) | 225 | 236383 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 01/01/26 | 180 | 193712 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 01/01/26 | 275 | 295948 |
| Illinois Finance Authority, 5.00%, 01/01/26. | 355 | 382563 |
| Illinois Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/01/26 (Call 01/01/26) | 235 | 246704 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 | 60 | 65011 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 1125 | 1227457 |
| Illinois State Toll Highway Authority RB, 5.00%, 01/01/26 | 670 | 722415 |
| State of Illinois GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 (Call 02/01/24) | 100 | 101924 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 100 | 105724 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/26 | 470 | 496944 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/26 | 555 | 591241 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 03/01/26 | 620 | 655843 |
| &nbsp;&nbsp;&nbsp;Series B, 5.13%, 09/01/26 | 150 | 160265 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/26 | 785 | 837095 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Illinois (continued)** |  |  |
| State of Illinois Sales Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 | $65 | $68287 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 06/15/26 | 235 | 239459 |
|  |  | 7136885 |
| **Indiana — 1.5%** |  |  |
| City of Indianapolis Department of Public Utilities Water System Revenue RB, 5.00%, 10/01/26 | 370 | 404757 |
| Indiana Finance Authority, 5.00%, 02/01/26 | 50 | 54127 |
| Indiana Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 | 375 | 405859 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/29 (PR 02/01/26) | 260 | 281380 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/26 | 315 | 340999 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/26 | 130 | 142644 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/26 (Call 10/01/24) | 100 | 104089 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/27 (Call 12/01/26) | 805 | 888985 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/28 (Call 12/01/26) | 145 | 160128 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/26 | 250 | 270634 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/27 (Call 08/01/26) | 100 | 109364 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/29 (Call 08/01/26) | 235 | 256011 |
| Indiana Municipal Power Agency RB, 5.00%, 01/01/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/01/26) | 145 | 156765 |
| Indiana University RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 | 125 | 136235 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/27 (Call 06/01/26) | 355 | 385714 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 (Call 06/01/26) | 250 | 270960 |
|  |  | 4368651 |
| **Iowa — 0.3%** |  |  |
| Iowa Finance Authority RB, 5.00%, 08/01/26 | 360 | 394345 |
| State of Iowa RB, 4.00%, 06/01/26 | 380 | 400634 |
|  |  | 794979 |
| **Kansas — 0.4%** |  |  |
| State of Kansas Department of Transportation, 5.00%, 09/01/26 (Call 09/01/24) | 380 | 396003 |
| State of Kansas Department of Transportation RB, 5.00%, 09/01/26 (Call 09/01/25) | 770 | 822510 |
|  |  | 1218513 |
| **Kentucky — 0.0%** |  |  |
| Kentucky Infrastructure Authority RB, Series A, 5.00%, 02/01/26 (Call 02/01/25) | 100 | 105469 |
| **Louisiana — 0.8%** |  |  |
| State of Louisiana Gasoline & Fuels Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/26 | 100 | 108864 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/26 (Call 05/01/25) | 75 | 79179 |
| State of Louisiana GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/26 (Call 05/01/25) | 85 | 89928 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/27 (Call 09/01/26) | 255 | 279895 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/26 | 150 | 162577 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/26 | 185 | 202927 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/26 | 535 | 584529 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/29 (Call 08/01/26) | 275 | 299781 |
| State of Louisiana RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | 120 | 131368 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/26 | 495 | 541892 |
|  |  | 2480940 |
| **Maine — 1.0%** |  |  |
| Maine Municipal Bond Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | 200 | 218297 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 270 | 296848 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/29 (Call 11/01/26) | 220 | 241377 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br> *(000)* | *Value* |
| **Maine (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/29 (Call 09/01/26) | $105 | $114644 |
| Maine Turnpike Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 1025 | 1120118 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 330 | 351003 |
| &nbsp;&nbsp;&nbsp;State of Maine GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/26 | 60 | 63436 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 155 | 169349 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/26 | 220 | 240366 |
|  |  | 2815438 |
| **Maryland — 3.6%** |  |  |
| City of Baltimore MD GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/26 | 90 | 99115 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/15/26 | 140 | 154178 |
| City of Baltimore MD RB, 5.00%, 07/01/26 | 215 | 234211 |
| County of Anne Arundel MD GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 1035 | 1140657 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 (Call 10/01/25) | 110 | 118248 |
| &nbsp;&nbsp;&nbsp;County of Baltimore MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/26 | 195 | 211776 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (Call 08/01/25) | 80 | 85629 |
| County of Charles MD GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/01/26 | 50 | 53259 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 500 | 551041 |
| County of Frederick MD, 5.00%, 08/01/26 | 210 | 230109 |
| County of Frederick MD GO, 5.00%, 02/01/26 | 150 | 162335 |
| County of Howard MD, 5.00%, 02/15/26 | 150 | 162722 |
| County of Howard MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/26 | 180 | 197746 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/26 | 500 | 549296 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/26 | 265 | 287476 |
| County of Montgomery MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 230 | 254005 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 12/01/26 (Call 12/01/24) | 30 | 30997 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/26 | 790 | 872452 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/26 | 270 | 297563 |
| County of Prince George's MD GO, Series A, 5.00%, 09/15/26 | 260 | 286226 |
| County of Prince George's MD GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 500 | 547609 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/26 | 305 | 334370 |
| Maryland State Transportation Authority RB, 5.00%, 07/01/26 | 75 | 81908 |
| State of Maryland Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | 155 | 170413 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 270 | 297462 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 (Call 11/01/24) | 145 | 152175 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 12/01/26) | 110 | 121106 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/28 (Call 10/01/26) | 520 | 571215 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/29 (Call 10/01/26) | 240 | 263499 |
| &nbsp;&nbsp;&nbsp;State of Maryland GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/26 | 225 | 246944 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 08/01/26 | 185 | 196771 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/26 | 710 | 779245 |
| Washington Suburban Sanitary Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 300 | 327874 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 (GTD) | 290 | 316944 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 (GTD) | 100 | 109399 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) (GTD) | 105 | 114812 |
|  |  | 10610787 |
| **Massachusetts — 3.1%** |  |  |
| City of Boston MA GO, Series B, 4.00%, 03/01/26 | 60 | 63271 |
| City of Cambridge MA GOL, Series B, 5.00%, 02/15/26 | 170 | 184471 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Massachusetts (continued)** |  |  |
| City of Cambridge MA RB, 5.00%, 02/15/26 | $225 | $244153 |
| Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 (Call 06/15/24) | 265 | 275257 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/27 (Call 06/15/26) | 285 | 311355 |
| Commonwealth of Massachusetts GO, Series C, 5.25%, 11/01/26 (AGM) | 50 | 55648 |
| Commonwealth of Massachusetts GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 | 100 | 108800 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/26 | 595 | 643123 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 960 | 1051076 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/28 (Call 07/01/26) | 120 | 131465 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/26 | 95 | 102684 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 09/01/26 | 175 | 192402 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/26 | 200 | 218974 |
| &nbsp;&nbsp;&nbsp;Series HH, 5.00%, 12/01/26 | 485 | 536542 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 12/01/28 (Call 12/01/26) | 100 | 110662 |
| Commonwealth of Massachusetts Transportation Fund |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB, Series A, 5.00%, 06/01/26 | 180 | 196360 |
| Massachusetts Bay Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (PR 07/01/25) | 150 | 159729 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 07/01/26 | 115 | 122102 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 545 | 596328 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/26 (PR 07/01/25) | 450 | 479187 |
| Massachusetts Clean Water Trust (The), 5.25%, 08/01/26 | 230 | 254443 |
| Massachusetts Development Finance Agency RB, Series A, 5.00%, 10/15/26 | 295 | 325540 |
| Massachusetts School Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/26 (Call 08/15/25) | 455 | 486806 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/26 (Call 11/15/25) | 90 | 96902 |
| Massachusetts State College Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/26 (Call 05/01/25) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ST HGR ED INTERCEPT PROG) | 165 | 170894 |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/26 (PR 05/01/25) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ST HGR ED INTERCEPT PROG) | 5 | 5180 |
| Massachusetts Transportation Trust Fund Metropolitan |  |  |
| Highway System Revenue RB, 5.00%, 01/01/26 | 165 | 178151 |
| Massachusetts Water Resources Authority |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 115 | 126094 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (ETM) | 345 | 377426 |
| Massachusetts Water Resources Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (PR 08/01/24) | 115 | 119513 |
| &nbsp;&nbsp;&nbsp;Series B, 5.25%, 08/01/26 (AGM) | 500 | 553137 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/35 (PR 08/01/26) | 200 | 219152 |
| University of Massachusetts Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/26 | 175 | 190455 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 150 | 165256 |
|  |  | 9052538 |
| **Michigan — 1.1%** |  |  |
| Great Lakes Water Authority Water Supply System |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 220 | 238265 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/26 | 145 | 157508 |
| Michigan Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 245 | 269373 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 10/01/26) | 555 | 610214 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/29 (Call 10/01/26) | 240 | 262988 |
| Michigan State Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/29 (Call 10/15/26) | 350 | 383430 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 04/15/26 (Call 10/15/25) | 130 | 139310 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 04/15/27 (Call 10/15/26) | 140 | 153642 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)* | *Value* |
| **Michigan (continued)** |  |  |
| State of Michigan RB, 5.00%, 03/15/26 | $905 | $980970 |
| University of Michigan RB, 5.00%, 04/01/26 | 125 | 135880 |
|  |  | 3331580 |
| **Minnesota — 2.0%** |  |  |
| County of Hennepin MN, 5.00%, 12/01/27 (Call 12/01/26) | 200 | 221254 |
| County of Hennepin MN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 370 | 409752 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/26 | 125 | 138430 |
| Metropolitan Council GO, 5.00%, 12/01/26 | 1335 | 1476872 |
| Minneapolis-St Paul Metropolitan Airports Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 100 | 107618 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/26 | 135 | 145284 |
| Minnesota Public Facilities Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 03/01/26 | 390 | 411500 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/28 (Call 03/01/26) | 185 | 200512 |
| State of Minnesota GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 445 | 488243 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 08/01/26 | 310 | 328219 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 08/01/26 (Call 08/01/24) | 250 | 256953 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 08/01/26 | 380 | 416926 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 10/01/26 | 230 | 253394 |
| &nbsp;&nbsp;&nbsp;Series E, 3.00%, 08/01/26 | 130 | 132806 |
| State of Minnesota RB, 5.00%, 03/01/26 | 500 | 542236 |
| University of Minnesota, 5.00%, 12/01/26 | 360 | 397419 |
|  |  | 5927418 |
| **Mississippi — 1.0%** |  |  |
| State of Mississippi, 5.00%, 12/01/33 (PR 12/01/26) | 1335 | 1474798 |
| State of Mississippi GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 90 | 99390 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/32 (PR 11/01/26) | 465 | 512648 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/26 | 140 | 153980 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/29 (PR 12/01/27) | 285 | 314844 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/26 (Call 10/01/25) | 260 | 279075 |
|  |  | 2834735 |
| **Missouri — 1.1%** |  |  |
| City of Kansas City MO Water Revenue RB, Series A, 5.00%, 12/01/26 | 245 | 270751 |
| Clayton School District/MO GO, 5.00%, 03/01/26 | 120 | 129950 |
| Metropolitan St Louis Sewer District RB, Series C, 5.00%, 05/01/27 (Call 05/01/26) | 125 | 132524 |
| Missouri Highway & Transportation Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 570 | 628191 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/26 | 510 | 555206 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/26 (Call 05/01/24) | 120 | 123824 |
| Missouri State Board of Public Buildings RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 | 115 | 124973 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 04/01/26 (Call 04/01/24) | 195 | 198986 |
| Missouri State Environmental Improvement & Energy Resources Authority RB, Series B, 5.00%, 07/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/01/25) | 340 | 361805 |
| Park Hill School District of Platte County GO, 3.38%, 03/01/37 (PR 03/01/26) (ST AID DIR DEP) | 695 | 719591 |
|  |  | 3245801 |
| **Nebraska — 0.3%** |  |  |
| Nebraska Public Power District RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 410 | 440512 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/28 (Call 01/01/26) | 170 | 182105 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/29 (Call 01/01/26) | 110 | 117608 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/29 (Call 01/01/26) | 130 | 138992 |
| Omaha Public Power District RB, 5.00%, 02/01/26 | 70 | 75777 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Nebraska (continued)** |  |  |
| University of Nebraska Facilities Corp. (The) RB, 5.00%, 07/15/26 | $65 | $71214 |
|  |  | 1026208 |
| **Nevada — 2.1%** |  |  |
| Clark County School District GOL |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/26 | 170 | 184879 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 06/15/26 | 135 | 146815 |
| Clark County Water Reclamation District, 5.00%, 07/01/26 | 625 | 682999 |
| County of Clark NV GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 (PR 11/01/24) | 80 | 83609 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/26 | 425 | 467582 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/27 (Call 11/01/26) | 305 | 335675 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/29 (Call 11/01/26) | 290 | 318508 |
| County of Clark NV Passenger Facility Charge Revenue RB, Series C, 5.00%, 07/01/26 | 355 | 387453 |
| County of Clark NV RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 660 | 719199 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 (Call 07/01/24) | 455 | 472212 |
| Las Vegas Valley Water District GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 50 | 54511 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/26 (Call 09/15/25) | 125 | 133665 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 100 | 108921 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 | 350 | 381575 |
| State of Nevada GO, Series D, 5.00%, 04/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 04/01/25) | 100 | 105848 |
| State of Nevada GOL |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 08/01/26 (Call 08/01/25) | 60 | 62680 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/26 (Call 05/01/25) | 180 | 190964 |
| State of Nevada Highway Improvement Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 (Call 06/01/26) | 590 | 641838 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 06/01/26) | 210 | 228451 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/28 (Call 06/01/26) | 230 | 250208 |
| Washoe County School District/NV GOL, Series A, 5.00%, 06/01/26 (Call 06/01/25) | 115 | 121909 |
|  |  | 6079501 |
| **New Hampshire — 0.1%** |  |  |
| New Hampshire Municipal Bond Bank, 5.00%, 08/15/26 (ST INTERCEPT) | 165 | 180913 |
| New Hampshire Municipal Bond Bank RB, 4.00%, 08/15/29 (Call 08/15/26) | 100 | 105640 |
| State of New Hampshire GO, 5.00%, 03/01/26 (Call 03/01/25) | 105 | 110712 |
|  |  | 397265 |
| **New Jersey — 2.2%** |  |  |
| County of Union New Jersey GO, 4.00%, 03/01/26 | 35 | 36876 |
| Essex County Improvement Authority RB, 5.50%, 10/01/26 (NPFGC GTD) | 150 | 167719 |
| Monmouth County Improvement Authority (The) RB, 4.00%, 08/01/26 |  |  |
| New Jersey Economic Development Authority, 5.00%, 11/01/26 | 100 | 108442 |
| New Jersey Economic Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series AAA, 5.00%, 06/15/26 | 100 | 107606 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/26 (SAP) | 515 | 558477 |
| &nbsp;&nbsp;&nbsp;Series PP, 5.00%, 06/15/26 (Call 06/15/24) | 150 | 154653 |
| &nbsp;&nbsp;&nbsp;Series XX, 4.25%, 06/15/26 (Call 06/15/25) | 590 | 609525 |
| New Jersey Educational Facilities Authority RB, Series B, 5.00%, 07/01/26 | 325 | 356284 |
| New Jersey Transportation Trust Fund Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/26 | 345 | 371241 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/28 (Call 06/15/26) | 1150 | 1239028 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/29 (Call 06/15/26) | 80 | 86054 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **New Jersey (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series AA, 4.25%, 06/15/26 (Call 06/15/25) | $200 | $206619 |
| &nbsp;&nbsp;&nbsp;Series AA, 5.00%, 06/15/26 (Call 06/15/24) | 100 | 103102 |
| &nbsp;&nbsp;&nbsp;Series AA, 5.00%, 06/15/26 (Call 06/15/25) | 25 | 26354 |
| State of New Jersey GO, Series A, 5.00%, 06/01/26 | 1895 | 2060861 |
|  |  | 6516823 |
| **New Mexico — 0.6%** |  |  |
| New Mexico Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 115 | 125452 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 | 500 | 545971 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/26 (Call 06/15/24) | 160 | 165834 |
| State of New Mexico GO, 5.00%, 03/01/26 | 305 | 330669 |
| State of New Mexico Severance Tax Permanent Fund RB, 5.00%, 07/01/26 | 510 | 557327 |
|  |  | 1725253 |
| **New York — 9.5%** |  |  |
| City of New York NY GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/26 | 115 | 124786 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/26 (Call 03/01/24) | 225 | 231388 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (Call 08/01/24) | 175 | 181947 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (Call 08/01/25) | 100 | 106807 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 215 | 236708 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (Call 08/01/26) | 345 | 374877 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/26 | 460 | 504374 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 08/01/26 | 505 | 553715 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/26 | 500 | 548233 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 12/01/28 (Call 12/01/26) | 95 | 104177 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/26 | 720 | 789455 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/26 (Call 02/01/26) | 235 | 253189 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/27 (Call 02/01/26) | 180 | 193769 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/28 (Call 02/01/26) | 165 | 177523 |
| &nbsp;&nbsp;&nbsp;Series J9, 5.00%, 08/01/27 (Call 08/01/26) | 325 | 353944 |
| County of Nassau NY GOL, 5.00%, 04/01/26 | 145 | 157203 |
| Hudson Yards Infrastructure Corp. RB, Series A, 5.00%, 02/15/26 | 320 | 346159 |
| Long Island Power Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/26 | 40 | 43920 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/26 | 195 | 214108 |
| Metropolitan Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/26 | 100 | 105987 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/26 | 500 | 532392 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/26 | 430 | 457857 |
| &nbsp;&nbsp;&nbsp;Series B-2, 5.00%, 11/15/26 | 125 | 137082 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/26 | 725 | 771968 |
| New York City Municipal Water Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series BB-2, 5.00%, 06/15/26 (Call 12/15/24) | 130 | 136537 |
| &nbsp;&nbsp;&nbsp;Series DD, 5.00%, 06/15/26 | 780 | 853578 |
| New York City Transitional Finance Authority Building Aid Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/26 (SAW) | 245 | 268421 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/26 (ETM) (SAW) | 285 | 311044 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/26 (Call 01/15/26) (SAW) | 60 | 64692 |
| &nbsp;&nbsp;&nbsp;Series S1, 5.00%, 07/15/26 (SAW) | 605 | 662836 |
| New York City Transitional Finance Authority Future Tax |  |  |
| &nbsp;&nbsp;&nbsp;Secured Revenue, 5.00%, 08/01/26 | 200 | 219435 |
| New York City Transitional Finance Authority Future Tax |  |  |
| &nbsp;&nbsp;&nbsp;Secured Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (Call 08/01/24) | 95 | 98685 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 1010 | 1115028 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 230 | 251212 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/29 (Call 05/01/26) | 325 | 351787 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **New York (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 11/01/26 | $325 | $358796 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/29 (Call 08/01/26) | 400 | 435482 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/26 (Call 05/01/24) | 145 | 149657 |
| &nbsp;&nbsp;&nbsp;Series E1, 4.00%, 02/01/26 | 185 | 194816 |
| New York City Water & Sewer System RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 | 165 | 180565 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 (PR 06/15/25) | 365 | 388157 |
| &nbsp;&nbsp;&nbsp;Series GG-2, 5.00%, 06/15/26 (Call 12/15/24) | 200 | 210057 |
| New York State Dormitory Authority, 5.00%, 10/01/26 | 180 | 198844 |
| New York State Dormitory Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/26 | 555 | 601051 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/26 (ETM) | 110 | 119023 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 130 | 142694 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/28 (Call 08/15/26) | 195 | 212347 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/26 (PR 02/15/25) | 130 | 133600 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/26 | 1100 | 1194639 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/26 (PR 03/15/25) | 100 | 102973 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/26 | 255 | 281696 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 09/15/26) | 830 | 909768 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/29 (Call 08/15/26) | 430 | 467795 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/29 (Call 09/15/26) | 665 | 728425 |
| &nbsp;&nbsp;&nbsp;Series A1, 4.00%, 10/01/26 | 115 | 122914 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/28 (Call 04/01/26) | 130 | 141149 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/15/26 | 200 | 217542 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/27 (PR 08/15/26) | 475 | 522160 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/28 (Call 08/15/26) | 660 | 718713 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 03/15/26 (Call 09/15/25) | 115 | 122851 |
| New York State Environmental Facilities Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/26 (Call 05/15/24) | 105 | 108453 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 | 235 | 257087 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/29 (Call 06/15/26) | 285 | 311203 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 09/15/26 (Call 03/15/25) | 225 | 237678 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 06/15/26 | 50 | 54699 |
| New York State Thruway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/27 (Call 01/01/26) | 225 | 240236 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/26 | 125 | 134742 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 (Call 01/01/26) | 150 | 160070 |
| &nbsp;&nbsp;&nbsp;Series L, 5.00%, 01/01/26 | 50 | 53956 |
| New York State Urban Development Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 03/15/26 | 130 | 137136 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/26 | 295 | 320508 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/26 | 925 | 1004982 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/27 (PR 03/15/26) | 290 | 314429 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/28 (Call 03/15/26) | 820 | 885228 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 03/15/26 | 160 | 173835 |
| Port Authority of New York & New Jersey RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/01/26 | 85 | 90727 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/26 | 100 | 109455 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26. | 110 | 120779 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 (Call 09/01/24) | 195 | 202810 |
| &nbsp;&nbsp;&nbsp;Series 189, 5.00%, 05/01/26 (Call 05/01/25) | 160 | 169348 |
| &nbsp;&nbsp;&nbsp;Sales Tax Asset Receivable Corp. RB, Series A, 5.00%, 10/15/26 (PR 10/15/24) | 295 | 308195 |
| Triborough Bridge & Tunnel Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/26 | 95 | 103710 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/26 | 500 | 549424 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/26 (Call 05/15/26) | 275 | 298843 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/26 | 320 | 351901 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/26 | 390 | 428879 |

---

---

| | | |
|:---|:---|:---|
| *Security* | Par<br> *(000)* | *Value* |
| **New York (continued)** |  |  |
| Utility Debt Securitization Authority RB, Series A, 5.00%, 06/15/28 (Call 06/15/26) | $295 | $322828 |
|  |  | 28141678 |
| **North Carolina — 1.8%** |  |  |
| City of Charlotte NC Water & Sewer System Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 100 | 106802 |
| City of Raleigh NC GO, 5.00%, 09/01/26 | 355 | 390430 |
| County of Buncombe NC RB, 5.00%, 06/01/26 | 75 | 81842 |
| County of Forsyth NC RB, Series A, 4.00%, 04/01/26 | 105 | 110713 |
| County of Orange NC GO, 5.00%, 08/01/26 | 565 | 620104 |
| County of Union NC, 5.00%, 09/01/26 | 150 | 164971 |
| County of Wake NC, 5.00%, 12/01/26 | 175 | 193326 |
| County of Wake NC GO, 5.00%, 03/01/26 | 415 | 450703 |
| County of Wake NC RB, 5.00%, 03/01/26 | 155 | 168093 |
| North Carolina Capital Facilities Finance Agency RB, 5.00%, 10/01/26 | 200 | 220045 |
| North Carolina Municipal Power Agency No. 1 RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/27 (Call 01/01/26) | 200 | 214862 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/29 (Call 07/01/26) | 125 | 135636 |
| State of North Carolina GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 (Call 06/01/26) | 150 | 164017 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 | 400 | 437165 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 (Call 06/01/26) | 165 | 180450 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/01/26 | 285 | 310825 |
| State of North Carolina RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/26 | 620 | 672179 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/26 | 160 | 174340 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/26 | 270 | 294813 |
| Town of Cary NC, 5.00%, 09/01/26 | 170 | 186967 |
|  |  | 5278283 |
| **Ohio — 2.4%** |  |  |
| American Municipal Power Inc. RB, 5.00%, 02/15/26 | 500 | 536909 |
| City of Columbus OH GO |  |  |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 07/01/26 | 225 | 246268 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 08/15/26 (Call 08/15/25) | 430 | 449935 |
| City of Columbus OH GOL, 5.00%, 04/01/26 | 125 | 135960 |
| City of Columbus OH Sewerage Revenue RB, 5.00%, 06/01/29 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 06/01/26) | 230 | 248516 |
| County of Franklin OH GOL, 5.00%, 12/01/26 (Call 12/01/25) | 65 | 69869 |
| County of Franklin OH Sales Tax Revenue RB, 5.00%, 06/01/26 | 230 | 250904 |
| County of Hamilton OH Sales Tax Revenue RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 110 | 121050 |
| Miami University/Oxford OH RB, 5.00%, 09/01/26 | 100 | 109185 |
| Ohio State University (The) RB, 5.00%, 12/01/26 | 135 | 148875 |
| Ohio Water Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 60 | 66376 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/27 (Call 12/01/26) | 300 | 330950 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 12/01/26) | 140 | 154443 |
| Ohio Water Development Authority Water Pollution Control Loan Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 890 | 972392 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 (Call 12/01/25) | 310 | 333661 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 155 | 171472 |
| State of Ohio, 5.00%, 11/01/26 | 115 | 126871 |
| State of Ohio COP, 5.00%, 09/01/26 | 310 | 339703 |
| State of Ohio GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 | 265 | 289636 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/26 | 200 | 219954 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/26 | 160 | 174340 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 09/01/26 (Call 03/01/24) | 100 | 101962 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Ohio (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/26 | $110 | $120611 |
| &nbsp;&nbsp;&nbsp;Series S, 5.00%, 05/01/26 | 340 | 370473 |
| &nbsp;&nbsp;&nbsp;Series S, 5.00%, 05/01/28 (Call 05/01/26) | 120 | 130479 |
| &nbsp;&nbsp;&nbsp;Series U, 5.00%, 05/01/26 | 400 | 435850 |
| State of Ohio RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/15/28 (Call 06/15/26) | 395 | 429571 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/26 | 110 | 120780 |
|  |  | 7206995 |
| **Oklahoma — 0.5%** |  |  |
| Grand River Dam Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 | 335 | 363198 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/28 (Call 12/01/26) | 150 | 164548 |
| Oklahoma Capitol Improvement Authority RB, 5.00%, 07/01/29 (Call 07/01/26) | 150 | 162068 |
| Oklahoma State University RB, 5.00%, 09/01/26 | 250 | 274407 |
| Oklahoma Turnpike Authority RB, 5.00%, 01/01/26 | 200 | 215118 |
| Oklahoma Water Resources Board RB, 5.00%, 04/01/27 (Call 04/01/26) | 175 | 189672 |
|  |  | 1369011 |
| **Oregon — 2.5%** |  |  |
| City of Portland OR GOL, Series B, 5.00%, 06/15/26 | 195 | 213062 |
| City of Portland OR Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/26 | 430 | 466189 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/26 | 350 | 381024 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/27 (Call 05/01/26) | 200 | 217531 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/26 (Call 10/01/24) | 145 | 151535 |
| City of Portland Sewer System Revenue, 5.00%, 03/01/26 | 220 | 238515 |
| County of Multnomah OR GOL, 5.00%, 06/01/26 | 175 | 191201 |
| Multnomah County School District No. 1 Portland/OR GO, 5.00%, 06/15/26 (GTD) | 395 | 430779 |
| Oregon State Lottery RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 (Call 04/01/24) | 325 | 334990 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 04/01/26 (Call 04/01/25) (MO) | 675 | 713594 |
| Portland Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 | 150 | 163791 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/28 (Call 06/15/26) | 240 | 261821 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/29 (Call 06/15/26) | 150 | 163485 |
| Salem-Keizer School District No. 24J GO, Series B, 5.00%, 06/15/26 (GTD) | 350 | 381584 |
| State of Oregon, 5.00%, 06/01/26 | 165 | 180275 |
| State of Oregon Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/26 | 160 | 176440 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/26 | 180 | 198495 |
| State of Oregon GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/26 | 775 | 844970 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 1055 | 1157519 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (Call 08/01/25) | 125 | 133415 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/29 (Call 06/01/26) | 100 | 108954 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/26 | 65 | 71017 |
| &nbsp;&nbsp;&nbsp;Series O, 5.00%, 08/01/26 (PR 08/01/25). | 70 | 74712 |
|  |  | 7254898 |
| **Pennsylvania — 2.5%** |  |  |
| City of Philadelphia PA GO, Series A, 5.00%, 08/01/26 | 185 | 201216 |
| Commonwealth of Pennsylvania GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 | 860 | 928379 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/29 (Call 09/15/26) | 125 | 137013 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 03/15/26 (Call 03/15/25) | 220 | 232537 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 09/15/26 | 525 | 575264 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 09/15/27 (Call 09/15/26) | 245 | 268904 |
| &nbsp;&nbsp;&nbsp;First Series 2020, 5.00%, 05/01/26 | 65 | 70591 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Pennsylvania (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Second Series, 5.00%, 09/15/26 | $470 | $514998 |
| &nbsp;&nbsp;&nbsp;Second Series, 5.00%, 09/15/28 (Call 09/15/26) | 670 | 734881 |
| County of Bucks PA GO, 5.00%, 06/01/26 | 250 | 273144 |
| County of Chester PA GO, Series A, 4.00%, 07/15/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/15/26) | 265 | 281965 |
| Delaware River Port Authority RB, Series B, 5.00%, 01/01/26 | 305 | 328502 |
| Pennsylvania State University (The) RB, 5.00%, 03/01/26 | 640 | 692868 |
| Pennsylvania Turnpike Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 405 | 437739 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 385 | 421752 |
| &nbsp;&nbsp;&nbsp;Series A 1, 5.00%, 12/01/26 | 150 | 165069 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 12/01/26 (Call 06/01/25) | 215 | 228711 |
| &nbsp;&nbsp;&nbsp;Series A-2, 5.00%, 12/01/26 | 345 | 379658 |
| School District of Philadelphia (The) GOL, Series A, 5.00%, 09/01/26 (SAW) | 100 | 107897 |
| University of Pittsburgh-of the Commonwealth System of |  |  |
| Higher Education RB, 4.00%, 04/15/26 (Call 02/15/26) | 315 | 331292 |
|  |  | 7312380 |
| **Rhode Island — 0.2%** |  |  |
| Rhode Island Commerce Corp. RB, Series A, 5.00%, 06/15/26 | 125 | 135264 |
| Rhode Island Infrastructure Bank Water Pollution Control |  |  |
| Revolving Fund RB, 5.00%, 10/01/26 (Call 10/01/25) | 125 | 134127 |
| State of Rhode Island GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/15/26 | 155 | 167398 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/26 | 125 | 135998 |
|  |  | 572787 |
| **South Carolina — 0.4%** |  |  |
| Horry County School District/SC GO, 5.00%, 03/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 03/01/25) (SCSDE) | 330 | 349026 |
| South Carolina Public Service Authority RB, 5.00%, 12/01/26 | 200 | 216267 |
| State of South Carolina, 5.00%, 04/01/26 (SAW) | 600 | 652991 |
|  |  | 1218284 |
| **Tennessee — 2.3%** |  |  |
| City of Knoxville TN Electric System Revenue RB, Series HH, 5.00%, 07/01/26 | 230 | 251026 |
| City of Memphis TN GO, Series A, 5.00%, 04/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 04/01/25) | 450 | 476871 |
| County of Blount TN Go, Series B, 5.00%, 06/01/26 | 185 | 201814 |
| County of Blount TN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/28 (Call 06/01/26) | 215 | 234407 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/27 (Call 06/01/26) | 160 | 174628 |
| County of Montgomery TN GO, 5.00%, 04/01/26 | 280 | 303297 |
| County of Shelby TN GO, 5.00%, 04/01/26 | 290 | 315148 |
| County of Washington TN GO, Series A, 4.00%, 06/01/29 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 06/01/26) | 150 | 157899 |
| County of Williamson TN, 5.00%, 04/01/26 | 165 | 179520 |
| County of Williamson TN GO, 5.00%, 04/01/26 | 120 | 130560 |
| County of Wilson TN, 5.00%, 04/01/26 | 190 | 206476 |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB, Series B, 5.00%, 05/15/26 | 455 | 495658 |
| Metropolitan Government of Nashville & Davidson County TN GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 01/01/28 (Call 07/01/26) | 250 | 264858 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 160 | 172705 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/27 (Call 07/01/26) | 235 | 256961 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 01/01/26 | 180 | 194293 |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB, Series B, 5.00%, 07/01/26 | 265 | 289591 |
| State of Tennessee GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 235 | 257919 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/26 | 165 | 181092 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Tennessee (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/26 | $60 | $66262 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/27 (Call 08/01/26) | 110 | 120786 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/28 (Call 08/01/26) | 225 | 247162 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/27 (Call 08/01/26) | 520 | 570990 |
| Tennessee State School Bond Authority, 5.00%, 11/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(ST INTERCEPT) | 280 | 308585 |
| Tennessee State School Bond Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 (ST INTERCEPT) | 285 | 314095 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/26 | 445 | 490430 |
|  |  | 6863033 |
| **Texas — 11.1%** |  |  |
| Alamo Community College District, 5.00%, 02/15/26 | 500 | 540109 |
| Aldine Independent School District GO, 5.00%, 02/15/26 (PSF) | 75 | 81200 |
| Allen Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/26 (PSF) | 120 | 129663 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/27 (Call 02/15/26) (PSF) | 100 | 107961 |
| Alvin Independent School District/TX GO, 5.00%, 02/15/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 02/15/26) (PSF) | 305 | 329466 |
| Austin Community College District Public Facility Corp. RB, 5.00%, 08/01/26 (Call 08/01/25) | 65 | 69295 |
| Austin Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (PSF) | 650 | 711552 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/26) (PSF) | 90 | 98110 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/26 | 150 | 164098 |
| Board of Regents of the University of Texas System, Series C, 5.00%, 08/15/26 | 140 | 153515 |
| Board of Regents of the University of Texas System RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/26 (Call 08/15/24) | 175 | 181835 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/27 (Call 08/15/26) | 235 | 258422 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/28 (Call 08/15/26) | 120 | 131273 |
| &nbsp;&nbsp;&nbsp;Series J, 5.00%, 08/15/26 | 470 | 515372 |
| City of Austin TX Electric Utility Revenue RB, 5.00%, 11/15/26 (Call 11/15/25) | 180 | 193501 |
| City of Austin TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | 185 | 202994 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 (Call 09/01/25) | 200 | 213847 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/28 (Call 09/01/26) | 250 | 274135 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/29 (Call 09/01/26) | 125 | 137068 |
| City of Austin TX RB, 5.00%, 09/01/26 | 220 | 241398 |
| City of Austin TX Water & Wastewater System Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/26 | 485 | 533687 |
| City of Dallas TX Waterworks & Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 100 | 109874 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/27 (Call 10/01/26) | 140 | 153151 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/29 (Call 10/01/26) | 320 | 350060 |
| City of Fort Worth TX GOL, 5.00%, 03/01/26 | 145 | 156888 |
| City of Fort Worth TX Water & Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/26 (Call 02/15/25) | 115 | 121186 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/26 | 220 | 237782 |
| City of Houston TX Airport System Revenue RB, 5.00%, 07/01/26 | 165 | 179743 |
| City of Houston TX Combined Utility System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/26 | 135 | 148407 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/28 (Call 11/15/26) | 100 | 109702 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/15/26 (Call 05/15/24) | 780 | 805955 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/15/26 (Call 11/15/24) | 50 | 52290 |
| City of Houston TX GOL, Series A, 5.00%, 03/01/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 03/01/24) | 115 | 118342 |
| City of Plano TX GOL, 5.00%, 09/01/26 | 35 | 38316 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| City of San Antonio TX Electric & Gas Systems Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 (Call 02/01/24) | $225 | $230418 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/26 | 265 | 285990 |
| City of San Antonio TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 (Call 02/01/25) | 200 | 210497 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 475 | 519142 |
| Clear Creek Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/26 (Call 02/15/25) (PSF) | 60 | 63178 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/26 (Call 02/15/24) (PSF) | 70 | 71905 |
| Conroe Independent School District GO, 5.00%, 02/15/26 (PSF) | 320 | 346355 |
| County of Bexar TX, 5.00%, 06/15/32 (PR 06/15/26) | 245 | 267603 |
| County of Bexar TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/26 (PR 06/15/24) | 90 | 93154 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/29 (PR 06/15/26) | 250 | 273064 |
| County of Fort Bend TX GOL, Series B, 5.00%, 03/01/28 (Call 03/01/26) | 120 | 129615 |
| County of Harris TX GO, Series A, 5.00%, 10/01/26 | 120 | 131983 |
| County of Harris TX RB, 5.00%, 08/15/26 (Call 08/15/25) | 695 | 741868 |
| County of Travis TX GOL, 5.00%, 03/01/29 (Call 03/01/26) | 240 | 259825 |
| Crowley Independent School District GO, Series A, 5.00%, 08/01/26 (Call 08/01/25) (PSF) | 75 | 79936 |
| Cypress-Fairbanks Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/26 (PSF) | 520 | 562987 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/27 (Call 02/15/26) (PSF) | 920 | 994926 |
| Dallas Area Rapid Transit RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 205 | 226070 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/26 (PR 12/01/25) | 60 | 62841 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/28 (Call 12/01/26) | 210 | 231096 |
| Dallas College GO, 5.00%, 02/15/26 | 105 | 113680 |
| Dallas Fort Worth International Airport RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 160 | 175668 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/26 | 200 | 219585 |
| Dallas Independent School District GO, 5.00%, 02/15/26 (PSF) | 500 | 541537 |
| Denton Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/27 (Call 02/15/26) (PSF) | 250 | 269978 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/29 (Call 02/15/26) (PSF) | 150 | 161529 |
| Keller Independent School District/TX GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/26 (Call 02/15/25) (PSF) | 80 | 84369 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/26 (PR 02/15/25) (PSF) | 70 | 73772 |
| Klein Independent School District, 5.00%, 08/01/26 (PSF) | 200 | 218233 |
| Klein Independent School District GO, 5.00%, 08/01/26 (PSF) | 100 | 109117 |
| Leander Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/28 (Call 02/15/26) (PSF) | 100 | 108144 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/27 (Call 08/15/26) (PSF) | 195 | 213597 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/15/26 (PSF) | 170 | 186395 |
| Lewisville Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/15/26 (Call 08/15/25) (PSF) | 100 | 104185 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/26 (PSF) | 140 | 152753 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/26 (Call 08/15/25) (PSF) | 135 | 143966 |
| Lone Star College System GOL, 5.00%, 02/15/28 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 02/15/26) | 395 | 424518 |
| Lower Colorado River Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/26 | 245 | 266080 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/26 (Call 05/15/24) | 140 | 144136 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/15/26 (Call 05/15/25) | 190 | 200844 |
| Mansfield Independent School District GO, Series B, 5.00%, 02/15/26 (PSF) | 145 | 157031 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 11/01/26) | $230 | $252609 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/28 (Call 11/01/26) | 215 | 236054 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/29 (Call 11/01/26) | 135 | 148169 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/26 (Call 11/01/25) | 270 | 289567 |
| North East Independent School District/TX GO, 4.00%, |  |  |
| &nbsp;&nbsp;&nbsp;08/01/27 (Call 08/01/26) (PSF) | 150 | 157395 |
| North Texas Municipal Water District RB, 5.00%, 06/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 06/01/26) | 200 | 217976 |
| North Texas Municipal Water District Upper East Fork |  |  |
| Wastewater Interceptor Sys RB, 5.00%, 06/01/26 | 125 | 136319 |
| North Texas Municipal Water District Water System Revenue, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/26 | 330 | 362097 |
| North Texas Tollway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 290 | 310058 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 (Call 01/01/25) | 295 | 309528 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/28 (Call 01/01/26) | 260 | 277748 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/26 | 55 | 58964 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/27 (Call 01/01/26) | 120 | 128742 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/28 (Call 01/01/26) | 440 | 471701 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/26 (Call 01/01/25) | 140 | 147083 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/27 (Call 01/01/26) | 205 | 219336 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/29 (Call 01/01/26) | 210 | 223996 |
| Northside Independent School District GO, 4.00%, 08/15/26 |  |  |
| &nbsp;&nbsp;&nbsp;(PSF) | 190 | 201488 |
| Northside Independent School District RB, 5.00%, 08/15/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 08/15/25) | 130 | 138700 |
| Northwest Independent School District GO, 5.00%, 02/15/29 |  |  |
| &nbsp;&nbsp;&nbsp;(PR 02/15/26) (PSF) | 230 | 249149 |
| Permanent University Fund - Texas A&M University System |  |  |
| &nbsp;&nbsp;&nbsp;RB, Series A, 5.50%, 07/01/26 (Call 07/01/25) | 235 | 253104 |
| Permanent University Fund - University of Texas System RB, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 325 | 345922 |
| Plano Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/28 (Call 02/15/26) (PSF) | 150 | 162446 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/29 (Call 02/15/26) | 100 | 108236 |
| Round Rock Independent School District GO, 5.00%, 08/01/26 (PSF) | 105 | 114758 |
| San Antonio Independent School District/TX GO, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;08/15/26 (PSF) | 255 | 279501 |
| San Antonio Water System, 5.00%, 05/15/27 (Call 11/15/26) | 190 | 209430 |
| San Jacinto Community College District, 5.00%, 02/15/26 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 02/15/25) | 185 | 195404 |
| Spring Branch Independent School District GO, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;02/01/26 (PSF) | 100 | 108102 |
| State of Texas GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/26 | 540 | 585964 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 85 | 92989 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/26 | 315 | 345987 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/29 (Call 04/01/26) | 180 | 194747 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/27 (Call 04/01/26) | 20 | 21702 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/29 (Call 04/01/26) | 110 | 119012 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/27 (Call 08/01/26) | 155 | 169459 |
| State of Texas GOL, 5.00%, 08/01/26 (Call 08/01/25) | 100 | 106782 |
| Tarrant County Cultural Education Facilities Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;RB, 5.00%, 11/15/52 (Put 05/15/26) | 500 | 533056 |
| Texas A&M University RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/15/27 (Call 05/15/26) | 155 | 162582 |
| &nbsp;&nbsp;&nbsp;4.00%, 05/15/28 (Call 05/15/26) | 300 | 314737 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/15/26 | 85 | 92793 |
| &nbsp;&nbsp;&nbsp;Series E, 4.00%, 05/15/27 (Call 05/15/26) | 100 | 104795 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| Texas State Technical College, 5.00%, 08/01/26 (AGM) | $300 | $324931 |
| Texas State University System RB, Series A, 5.00%, 03/15/26 | 950 | 1028850 |
| Texas Transportation Commission State Highway Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 04/01/26 | 195 | 213143 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 10/01/26 | 1270 | 1395403 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/26 | 555 | 609802 |
| Texas Water Development Board RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/26 | 605 | 656535 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/26 (Call 10/15/25) | 205 | 220208 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 310 | 338809 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/26 | 280 | 307517 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/15/26 | 170 | 184481 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/15/26 | 420 | 461276 |
| Trinity River Authority Central Regional Wastewater System Revenue RB, 5.00%, 08/01/26 | 170 | 186219 |
|  |  | 32787128 |
| **Utah — 1.5%** |  |  |
| Alpine School District/UT GO, 5.00%, 03/15/26 (GTD) | 725 | 786773 |
| Central Utah Water Conservancy District, 5.00%, 04/01/26 | 185 | 200984 |
| County of Salt Lake UT Excise Tax Revenue RB, 5.00%, 08/15/26 | 90 | 98841 |
| Intermountain Power Agency RB, Series A, 5.00%, 07/01/26 | 80 | 87313 |
| Metropolitan Water District of Salt Lake & Sandy, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;07/01/26 (Call 01/01/26) | 225 | 242074 |
| Park City School District GO, 5.00%, 02/01/26 (GTD) | 100 | 108344 |
| State of Utah GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 1110 | 1215692 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/26 | 500 | 547609 |
| University of Utah (The), 5.00%, 08/01/26 | 195 | 213466 |
| University of Utah (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 400 | 437878 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/28 (Call 08/01/26) | 255 | 278967 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/26 (SAP) | 120 | 131364 |
| Utah Transit Authority RB, Series A, 5.00%, 06/15/26 |  |  |
| &nbsp;&nbsp;&nbsp;(PR 06/15/25) | 65 | 69248 |
|  |  | 4418553 |
| **Vermont — 0.0%** |  |  |
| Vermont Municipal Bond Bank RB, Series 4, 5.00%, 12/01/26 | 100 | 110123 |
| **Virginia — 4.2%** |  |  |
| City of Chesapeake VA GO, 5.00%, 08/01/26 (SAW) | 120 | 131703 |
| City of Falls Church VA GO, Series B, 5.00%, 07/15/27 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 07/15/26) | 175 | 191668 |
| City of Newport News VA GO, Series A, 4.00%, 08/01/26 | 185 | 196064 |
| City of Norfolk VA GO, Series B, 4.00%, 10/01/28 |  |  |
| &nbsp;&nbsp;&nbsp;(Call 10/01/26) | 185 | 196809 |
| City of Richmond VA GO, Series D, 5.00%, 03/01/26 (SAW) | 110 | 119360 |
| City of Richmond VA Public Utility Revenue RB, 5.00%, |  |  |
| &nbsp;&nbsp;&nbsp;01/15/27 (Call 01/15/26) | 260 | 281185 |
| City of Suffolk VA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 | 80 | 86603 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 (PR 02/01/25) (SAW) | 225 | 236899 |
| Commonwealth of Virginia, 5.00%, 06/01/26 | 125 | 136572 |
| Commonwealth of Virginia GO, 5.00%, 06/01/26 | 55 | 60092 |
| County of Arlington VA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/26 | 105 | 115352 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/30 (PR 08/15/26) | 160 | 175484 |
| County of Chesterfield VA GO, Series B, 5.00%, 01/01/26 | 185 | 199854 |
| County of Fairfax VA GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 10/01/26 | 120 | 128039 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 10/01/26 (Call 04/01/26) (SAW) | 160 | 169303 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Virginia (continued)** |  |  |
| County of Fairfax VA Sewer Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/26 | $370 | $405500 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/29 (Call 07/15/26) | 230 | 250944 |
| County of Henrico VA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 100 | 109753 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (SAW) | 100 | 109753 |
| County of Loudoun VA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 (SAW) | 270 | 299009 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/26 | 165 | 182727 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/26 (Call 12/01/25) | 195 | 210218 |
| Hampton Roads Sanitation District RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 60 | 65937 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/37 (PR 08/01/26) | 1500 | 1643636 |
| Prince William County Industrial Development Authority RB, 5.00%, 10/01/26 | 105 | 115329 |
| Virginia College Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 | 300 | 324579 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/29 (Call 02/01/26) | 150 | 161700 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/29 (Call 09/01/26) (ST INTERCEPT) | 285 | 311793 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/29 (PR 09/01/26) (ST INTERCEPT) | 15 | 16416 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/26 | 185 | 200157 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/27 (Call 09/01/26) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ST INTERCEPT) | 330 | 362935 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/26 (Call 09/01/25) | 75 | 80134 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/26 | 125 | 135241 |
| Virginia Commonwealth Transportation Board RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/26 (Call 05/15/24) | 100 | 103173 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/26 | 280 | 308141 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/27 (Call 09/15/26) | 315 | 342068 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/26 | 260 | 283752 |
| Virginia Public Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 500 | 548587 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/26 | 655 | 719114 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/26 | 215 | 236045 |
| &nbsp;&nbsp;&nbsp;Series C, 4.00%, 08/01/26 (Call 08/01/24) | 120 | 123194 |
| Virginia Public School Authority, 5.00%, 08/01/26 | 135 | 148023 |
| Virginia Public School Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (SAW) | 240 | 263152 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/26 | 245 | 268634 |
| Virginia Resources Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 465 | 513178 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 (Call 11/01/25) | 215 | 230879 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/27 (Call 11/01/26) | 275 | 302137 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/26 | 415 | 457998 |
|  |  | 12258823 |
| **Washington — 4.8%** |  |  |
| Cascade Water Alliance, 5.00%, 09/01/26 | 325 | 356729 |
| Central Puget Sound Regional Transit Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series S-1, 5.00%, 11/01/26 (PR 05/01/26) | 70 | 75228 |
| &nbsp;&nbsp;&nbsp;SERIES S-1, 5.00%, 11/01/26 | 325 | 358179 |
| City of Seattle Municipal Light & Power Revenue, 5.00%, 02/01/26 | 270 | 291876 |
| City of Seattle WA Drainage & Wastewater Revenue RB, 5.00%, 07/01/26 | 220 | 240491 |
| City of Seattle WA GOL |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 09/01/26 | 340 | 362143 |
| &nbsp;&nbsp;&nbsp;4.00%, 04/01/28 (Call 04/01/26) | 80 | 84543 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 (Call 06/01/25) | 285 | 302590 |
| City of Seattle WA Municipal Light & Power Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/01/27 (Call 10/01/26) | 110 | 116987 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Washington (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 04/01/29 (Call 04/01/26) | $160 | $168799 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/26 | 290 | 314777 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/27 (Call 04/01/26) | 260 | 281965 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/28 (Call 04/01/26) | 165 | 178834 |
| City of Seattle WA Water System Revenue RB, 5.00%, 08/01/26 | 145 | 158833 |
| City of Spokane WA GO, 5.00%, 12/01/26 | 160 | 176568 |
| Clark County School District No. 37 Vancouver GO, 5.00%, 12/01/26 (GTD) | 175 | 192918 |
| County of King WA GOL, 5.00%, 07/01/26 (Call 01/01/25) | 220 | 231168 |
| County of King WA Sewer Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 80 | 87369 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/26 | 445 | 485988 |
| County of Pierce WA GOL, Series A, 5.00%, 07/01/26 | 110 | 120056 |
| County of Snohomish WA GOL, 5.00%, 12/01/26 | 215 | 237181 |
| County of Spokane WA GOL, 5.00%, 12/01/26 | 60 | 66213 |
| Energy Northwest RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 07/01/25) | 635 | 676496 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/26 | 1225 | 1339100 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/27 (Call 07/01/26) | 175 | 191119 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 07/01/26 (Call 07/01/24) | 365 | 378963 |
| King County School District No. 401 Highline GO, 5.00%, 12/01/28 (Call 12/01/26) (GTD) | 350 | 385701 |
| King County School District No. 414 Lake Washington GO, 4.00%, 12/01/26 (Call 06/01/26) (GTD) | 455 | 478942 |
| Pierce County School District No 10 Tacoma GO, 5.00%, 12/01/26 (Call 12/01/25) (GTD) | 170 | 182733 |
| Pierce County School District No. 402 Franklin Pierce GO, 5.00%, 12/01/27 (Call 12/01/26) (GTD) | 100 | 110317 |
| Port of Seattle WA RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/26 | 530 | 570224 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 80 | 86600 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 310 | 336846 |
| State of Washington, 5.00%, 07/01/26 | 485 | 530174 |
| State of Washington GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.00%, 06/01/26 (AMBAC)<sup>(b)</sup> | 100 | 91828 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/26 | 100 | 107941 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 (Call 01/01/26) | 570 | 614759 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 | 555 | 607949 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/26 (Call 08/01/25) | 200 | 213514 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/27 (Call 08/01/26) | 155 | 169568 |
| &nbsp;&nbsp;&nbsp;Series 2020-A, 5.00%, 08/01/26 | 235 | 257420 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/01/26 (Call 02/01/25) | 665 | 700970 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/28 (Call 08/01/26) | 285 | 311787 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 02/01/26 | 85 | 91964 |
| &nbsp;&nbsp;&nbsp;Series R, 5.00%, 08/01/27 (Call 08/01/26) | 40 | 43760 |
| &nbsp;&nbsp;&nbsp;Series R, 5.00%, 08/01/28 (Call 08/01/26) | 290 | 317257 |
| &nbsp;&nbsp;&nbsp;Series R-2018-C, 5.00%, 08/01/26 | 55 | 60247 |
| University of Washington RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/26 | 225 | 247951 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/28 (Call 12/01/26) | 140 | 154167 |
|  |  | 14147732 |
| **West Virginia — 0.4%** |  |  |
| School Building Authority of West Virginia RB, Series A, 5.00%, 07/01/26 (Call 07/01/24) | 145 | 150444 |
| State of West Virginia GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 150 | 163633 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/26 | 235 | 259518 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.00%, 11/01/26 (NPFGC)<sup>(b)</sup> | 100 | 91148 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/26 | 180 | 198779 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *<br> Par <br> (000)* | *Value* |
| **West Virginia (continued)** |  |  |
| West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/26 | $255 | $277962 |
| West Virginia Parkways Authority RB, 5.00%, 06/01/26 | 155 | 167788 |
|  |  | 1309272 |
| **Wisconsin — 1.8%** |  |  |
| State of Wisconsin Environmental Improvement Fund |  |  |
| &nbsp;&nbsp;&nbsp;Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 | 105 | 114614 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/26 (Call 06/01/25) | 50 | 53121 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/26 | 270 | 294722 |
| State of Wisconsin GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/26 (Call 05/01/24) | 150 | 153155 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/26 | 545 | 601674 |
| &nbsp;&nbsp;&nbsp;Series 1, 4.00%, 11/01/26 (Call 05/01/25) | 315 | 327506 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 05/01/26 | 75 | 81771 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 11/01/26 (Call 05/01/25) | 530 | 561924 |
| &nbsp;&nbsp;&nbsp;Series 2, 4.00%, 11/01/27 (Call 05/01/26) | 130 | 137059 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 11/01/26 | 435 | 480235 |
| &nbsp;&nbsp;&nbsp;Series 3, 5.00%, 11/01/26 | 110 | 121439 |
| &nbsp;&nbsp;&nbsp;Series 4, 5.00%, 05/01/26 (Call 11/01/24) | 320 | 334943 |
| State of Wisconsin RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/26 | 535 | 581720 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/28 (PR 05/01/26) | 235 | 255522 |
| Wisconsin Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/26 | 155 | 169544 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/27 (Call 07/01/26) | 300 | 326806 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par/<br> Shares <br> (000)* | *Value* |
| **Wisconsin (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/28 (Call 07/01/26) | $145 | $157309 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 07/01/26 (Call 07/01/25) | 290 | 308105 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 07/01/26 | 210 | 229487 |
| WPPI Energy RB, Series A, 5.00%, 07/01/26 (Call 07/01/24) | 35 | 36082 |
|  |  | 5326738 |
| **Total Long-Term Investments — 98.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $296,342,257)** |  | 291860399 |
| **Short-Term Securities** |  |  |
| **Money Market Funds — 0.6%** |  |  |
| BlackRock Liquidity Funds: MuniCash, 1.39%<sup>(c)(d)</sup> | 1600 | 1600357 |
| **Total Short-Term Securities — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $1,600,140)** |  | 1600357 |
| **Total Investments — 99.3%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $297,942,397)** |  | 293460756 |
| **Other Assets Less Liabilities — 0.7%.** |  | 2129449 |
| .**NetAssets—100.0%** |  | $295590205 |

---

<sup>(a)</sup> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.

<sup>(b)</sup> Zero-coupon bond.

<sup>(c)</sup> Affiliate of the Fund.

<sup>(d)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at <br> 10/31/22* | *Purchases <br> at Cost* | *Proceeds <br> from Sale* | *Net Realized <br> Gain (Loss)* | *Change in <br> Unrealized <br> Appreciation <br> (Depreciation)* | *Value at <br> 01/31/23* | *Shares <br> Held at <br> 01/31/23 <br> (000)* | *Income* | *Capital Gain <br> Distributions from <br> Underlying Funds* |
| BlackRock Liquidity Funds: MuniCash | $1314764 | $285798 <sup>(a)</sup> | $– $| (422) | $217 | $1600357 | 1600 | $9349 | $— |

---

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2026 Term Muni Bond ETF** |
| January 31, 2023 |  |

---

**Fair Value Hierarchy as of Period End (continued)**

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal Debt Obligations | $— | $291860399 | $— | $291860399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1600357 |  |  | 1600357 |
|  | $1600357 | $291860399 | $— | $293460756 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |  |  |
| AGC | Assured Guaranty Corp. | NPFGC | National Public Finance Guarantee Corp. |
| AGM | Assured Guaranty Municipal Corp. | PR | Prerefunded |
| AMBAC | Ambac Assurance Corp. | PSF | Permanent School Fund |
| COP | Certificates of Participation | RB | Revenue Bond |
| ETM | Escrowed to Maturity | SAP | Subject to Appropriations |
| GO | General Obligation | SAW | State Aid Withholding |
| GOL | General Obligation Limited | SCSDE | South Carolina State Department of Education |
| GTD | Guaranteed | ST | Special Tax |
| MO | Moral Obligation |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** iShares Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares iBonds Dec 2026 Term Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000063115

- **c. LEI of Series:** 549300T40WXQDLSRQD25

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $297121259.93

**Total Liabilities:** $1531055.42

**Net Assets:** $295590204.51

**Delayed Delivery Securities:** $1488290.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 4995.04000000 | **5-Year:** 83983.77000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 6.04000000 | **1-Year:** 3.41000000 | **5-Year:** 311.36000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000204676 | 2.41%                | 0.35%                | 1.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $40.73                   | $4950769.24                                |
| Month 2  | $-780.59                 | $457123.79                                 |
| Month 3  | $-39234.72               | $4157243.58                                |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KEM7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    205000 | PA      | $224851.69    | 0.08%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RH44<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    340000 | PA      | $376956.95    | 0.13%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TQX2<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    260000 | PA      | $285297.19    | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima AZ Sewer System Revenue                                          | PIMA CNTY AZ SWR REVENUE                                     | CUSIP: 721876TF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $196455.20    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $229487.52    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813VK2<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    185000 | PA      | $201215.75    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JY63<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168470.09    | 0.06%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HCX2<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    215000 | PA      | $236142.76    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                         | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $238265.10    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvin Independent School District/TX                                            | ALVIN TX INDEP SCH DIST                                      | CUSIP: 022447D60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $329466.25    | 0.11%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Union High School District                                            | SAN MATEO CA UNION HIGH SCH DIST                             | CUSIP: 799017RH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $985415.27    | 0.33%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HGN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219071.50    | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RAK6<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |    320000 | PA      | $346159.23    | 0.12%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193711.66    | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 6775223N2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109976.77    | 0.04%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                           | FORT WORTH TX                                                | CUSIP: 349426AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $156887.72    | 0.05%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914FXD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85628.99     | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                          | W VIRGINIA ST COMMISSIONER OF HIGHWAYS SPL OBLG              | CUSIP: 95649ACL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $277962.14    | 0.09%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DQH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $541115.72    | 0.18%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PNC3<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    175000 | PA      | $189672.35    | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492K57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135959.74    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AJQ4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43754.05     | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71031.85     | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AH32<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    205000 | PA      | $220255.79    | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $213465.76    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvord Unified School District                                                  | ALVORD CA UNIF SCH DIST                                      | CUSIP: 022555UC8<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |     55000 | PA      | $49942.25     | 0.02%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000QV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $719199.23    | 0.24%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035U22<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    820000 | PA      | $885228.21    | 0.30%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV Passenger Facility Charge Revenue                            | CLARK CNTY NV PASSENGER FAC CHARGE REVENUE                   | CUSIP: 181006GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $387453.32    | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                     | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $363451.83    | 0.12%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $153151.33    | 0.05%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RWH5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    595000 | PA      | $643123.30    | 0.22%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385AJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $146264.97    | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AC46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $240366.41    | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PLD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162722.45    | 0.06%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DYB8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    205000 | PA      | $224557.72    | 0.08%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WQM7<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38896.94     | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jacinto Community College District                                          | SAN JACINTO TX CMNTY CLG DIST                                | CUSIP: 798025LG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $195403.99    | 0.07%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $257601.95    | 0.09%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PVS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549295.80    | 0.19%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Knoxville TN Electric System Revenue                                    | KNOXVILLE TN ELEC REVENUE                                    | CUSIP: 499746C78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $251026.09    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County Water & Sewerage Authority                                      | GWINNETT CNTY GA WTR & SEWERAGE AUTH                         | CUSIP: 403760KL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148166.40    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                      | ORANGE CNTY FL SCH BRD COPS                                  | CUSIP: 684517SC0<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174305.34    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109837.22    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                            | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                 | CUSIP: 68607VH65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $334989.56    | 0.11%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 796237W92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210496.78    | 0.07%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974ECJ3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107940.70    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HN93<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165312.56    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758VQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $175476.93    | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue   | MASSACHUSETTS ST FEDERAL HIGHWAY                             | CUSIP: 57583PGD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $275257.43    | 0.09%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300502.80    | 0.10%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758ZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $130479.28    | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647CE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219667.68    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CW97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148642.44    | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FSQ2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     80000 | PA      | $87514.06     | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723N88<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    180000 | PA      | $194747.42    | 0.07%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990BZH9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    255000 | PA      | $281696.10    | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZG7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    345000 | PA      | $379657.56    | 0.13%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000RS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $486805.64    | 0.16%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FZ98<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     95000 | PA      | $102882.51    | 0.03%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465PT73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105639.71    | 0.04%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 6582562N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164017.01    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 647310W80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $557326.83    | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WNA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $362935.35    | 0.12%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541XJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $570989.59    | 0.19%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DHB4<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    235000 | PA      | $257087.42    | 0.09%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CGL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109702.29    | 0.04%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581HS9<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    285000 | PA      | $314844.49    | 0.11%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MKN4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    110000 | PA      | $121438.77    | 0.04%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005E53<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71548.50     | 0.02%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                 | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                    | CUSIP: 032556LZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550484.35    | 0.19%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JUU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109874.27    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VJE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324578.76    | 0.11%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FJY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $231168.04    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QMA5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    505000 | PA      | $553715.13    | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1 Portland/OR                               | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                      | CUSIP: 625517KU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $430778.74    | 0.15%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417CT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162577.46    | 0.06%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990EV95<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122850.87    | 0.04%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                              | CUSIP: 30382AEN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $169303.52    | 0.06%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514ADQ5<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    140000 | PA      | $153515.04    | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WB82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $194815.80    | 0.07%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA ST UNIV                                              | CUSIP: 0406635X0<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38211.69     | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827234K2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21702.38     | 0.01%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin Environmental Improvement Fund Revenue                       | WISCONSIN ST ENVRNMNTL IMPT FUND REVENUE                     | CUSIP: 97709TBS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $294721.88    | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54848.66     | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    785000 | PA      | $837095.03    | 0.28%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793XS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103172.84    | 0.03%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH GEN REVENUE JUNIOR INDEBTEDNESS OBL | CUSIP: 650010AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160070.00    | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                     | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111A79<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    200000 | PA      | $215117.94    | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WZQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $305920.89    | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224YQ6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165068.51    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP REVENUE                      | CUSIP: 64985HNL7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    105000 | PA      | $108453.26    | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460QW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $397418.87    | 0.13%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990BZJ5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122914.31    | 0.04%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792SF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $334890.58    | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000TJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96902.32     | 0.03%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $184878.57    | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GZS2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    190000 | PA      | $200844.35    | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643NL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116986.88    | 0.04%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MFF7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153154.73    | 0.05%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GA93<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    130000 | PA      | $142693.72    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX      | CUSIP: 15504RFW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75227.96     | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                             | CROWLEY TX INDEP SCH DIST                                    | CUSIP: 228130AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79935.81     | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632ZP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55156.79     | 0.02%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DXS2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    285000 | PA      | $311786.98    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PKL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $287476.32    | 0.10%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                          | GEORGIA ST ROAD & TOLLWAY AUTH REVENUE                       | CUSIP: 37358MEH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $294085.49    | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $18401.61     | 0.01%             | 2026-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522F25<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174340.11    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 8828546Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65575.81     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | UNIV OF MASSACHUSETTS MA BLDG AUTH REVENUE                   | CUSIP: 914437SV1<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165256.46    | 0.06%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742ZF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217531.04    | 0.07%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827234M8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    110000 | PA      | $119012.31    | 0.04%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Asset Receivable Corp                                                 | SALES TAX ASSET RECEIVABLE CORP NY                           | CUSIP: 794665FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $308195.23    | 0.10%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Area Community College District                                        | PASADENA CA AREA CMNTY CLG DIST                              | CUSIP: 702185FD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175462.90    | 0.06%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DUX4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     85000 | PA      | $91963.98     | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Foundation/The                             | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726FU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $241904.10    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                                | ALABAMA ST                                                   | CUSIP: 010411BR6<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |    415000 | PA      | $454958.03    | 0.15%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Blount TN                                                             | BLOUNT CNTY TN                                               | CUSIP: 095167TA0<br>LEI: 54930071RP1NB2WPW616 | Long             | DBT              | MUN               | US        |    215000 | PA      | $234406.80    | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AGT6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131272.88    | 0.04%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241PD2<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62841.38     | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381ND5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86699.81     | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914FS35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $211776.05    | 0.07%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                        | MAINE ST TURNPIKE AUTH                                       | CUSIP: 560551RE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $475367.00    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107617.59    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035W38<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137135.61    | 0.05%             | 2026-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661YM1<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58595.27     | 0.02%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WYN0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58964.44     | 0.02%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RZV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $167398.50    | 0.06%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                              | CUSIP: 30382AKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128039.36    | 0.04%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381PJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $254075.96    | 0.09%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                              | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002EF9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161528.94    | 0.05%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                               | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                   | CUSIP: 409327JU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65936.91     | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845QH6<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    180000 | PA      | $197973.90    | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643MX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $281964.83    | 0.10%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LKK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $609802.20    | 0.21%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MCX2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104089.36    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792LJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $192279.97    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                              | BEXAR CNTY TX                                                | CUSIP: 088281PS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93153.94     | 0.03%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153P7M4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41442.51     | 0.01%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Foundation/The                             | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726DN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $138243.59    | 0.05%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EFT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148168.67    | 0.05%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642B3R2<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    190000 | PA      | $209429.59    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                               | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                   | CUSIP: 409327HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1643635.95   | 0.56%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima AZ Sewer System Revenue                                          | PIMA CNTY AZ SWR REVENUE                                     | CUSIP: 721876UQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $425652.94    | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                          | ARLINGTON CNTY VA                                            | CUSIP: 041431QL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $175483.89    | 0.06%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AGU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104794.53    | 0.04%             | 2027-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582PBU3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55647.56     | 0.02%             | 2026-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FAC9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65011.38     | 0.02%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PC7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    670000 | PA      | $722414.57    | 0.24%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District                                                | REEDY CREEK FL IMPT DIST                                     | CUSIP: 758449RE4<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    130000 | PA      | $139860.90    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HBM8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     95000 | PA      | $103710.15    | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581FQ5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    260000 | PA      | $279074.93    | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona Lottery Revenue                                                | ARIZONA ST LOTTERY REVENUE                                   | CUSIP: 040624BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109176.27    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DZM3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    155000 | PA      | $169568.36    | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSQ9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65456.51     | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507JL5<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    180000 | PA      | $199339.04    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464152J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $584528.91    | 0.20%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                          | UNIV OF COLORADO CO ENTERPRISE REVENUE                       | CUSIP: 91417KW98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $245449.91    | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DWZ7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43759.58     | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MJK6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    515000 | PA      | $564679.78    | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581KY2<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    465000 | PA      | $512647.95    | 0.17%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145F41<br>LEI: 549300J2762HBWE6MQ22 | Long             | DBT              | MUN               | US        |    450000 | PA      | $476870.76    | 0.16%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohlone Community College District                                               | OHLONE CA CMNTY CLG DIST                                     | CUSIP: 677765ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69121.75     | 0.02%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HYJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64692.23     | 0.02%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615BW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139310.46    | 0.05%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507GJ3<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138429.89    | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                      | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269A81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $279501.50    | 0.09%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424PP4<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    380000 | PA      | $396003.62    | 0.13%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Suffolk VA                                                              | SUFFOLK VA                                                   | CUSIP: 864813K33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $236899.15    | 0.08%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                         | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 8821172F0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $253103.53    | 0.09%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Community College District                                        | SANTA BARBARA CA CMNTY CLG DIST                              | CUSIP: 801283FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131947.69    | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N2F9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105987.17    | 0.04%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492QH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $246268.26    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174VF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $237180.65    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BKK9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    590000 | PA      | $609525.40    | 0.21%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039YK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $2060861.01   | 0.70%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $575264.08    | 0.19%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854WJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $220207.99    | 0.07%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                         | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $157507.93    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109646.56    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | CUSIP: 155048DR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $358178.96    | 0.12%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705L6X0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    320000 | PA      | $334943.14    | 0.11%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport News VA                                                         | NEWPORT NEWS VA                                              | CUSIP: 652233KK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196064.50    | 0.07%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Arkansas                                                               | ARKANSAS ST                                                  | CUSIP: 041042ZG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $119990.47    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397DN3<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    125000 | PA      | $137067.55    | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KRR2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    355000 | PA      | $389377.31    | 0.13%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                          | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308Q49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219600.38    | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522MX9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101962.11    | 0.03%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661VH5<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64327.88     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RUX2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    175000 | PA      | $192402.16    | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                       | OHIO ST UNIV                                                 | CUSIP: 677632L41<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    135000 | PA      | $148875.07    | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445MH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $300122.02    | 0.10%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HSX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263151.74    | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Blount TN                                                             | BLOUNT CNTY TN                                               | CUSIP: 095167SY9<br>LEI: 54930071RP1NB2WPW616 | Long             | DBT              | MUN               | US        |    185000 | PA      | $201814.37    | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 1845406T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63178.42     | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                  | CUSIP: 977100EV4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    235000 | PA      | $255521.89    | 0.09%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC                                                 | CUSIP: 9308636X8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    415000 | PA      | $450702.87    | 0.15%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C5Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $335123.87    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464153S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $202926.94    | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381QE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136902.20    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PS25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $310263.43    | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 4424354C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $805954.66    | 0.27%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136W98<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206618.78    | 0.07%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001EX6<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |     70000 | PA      | $75777.44     | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 741702AD6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    500000 | PA      | $547608.80    | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AGQ2<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    470000 | PA      | $515371.92    | 0.17%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FXD5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    160000 | PA      | $176684.62    | 0.06%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                    | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UNM2<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536909.05    | 0.18%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                          | UTAH ST TRANSIT AUTH SALES TAX REVENUE                       | CUSIP: 917567AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69247.97     | 0.02%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Falls Church VA                                                         | FALLS CHURCH VA                                              | CUSIP: 306567SE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $191668.16    | 0.06%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $240491.46    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174VE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60738.11     | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417013E4<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    260000 | PA      | $286225.94    | 0.10%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TTR2<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    145000 | PA      | $160450.79    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845LC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $381575.22    | 0.13%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                           | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81841.91     | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | FRANKLIN CNTY OH                                             | CUSIP: 3531725Z8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69868.43     | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VCS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $200156.90    | 0.07%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HHP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109535.75    | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966LKQ3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    225000 | PA      | $231387.80    | 0.08%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                       | GRAND RIVER OK DAM AUTH REVENUE                              | CUSIP: 386442WN3<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164547.77    | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HPW0<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    110000 | PA      | $118247.93    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WGR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98685.40     | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542VU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $76665.23     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GUC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217231.85    | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DKQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105884.53    | 0.04%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palos Verdes Peninsula Unified School District                                  | PALOS VERDES PENINSULA CA UNIF SCH DIST                      | CUSIP: 697634TY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $150294.21    | 0.05%             | 2026-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522KV5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    340000 | PA      | $370472.74    | 0.13%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182NC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $209231.80    | 0.07%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RX95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218297.30    | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WYF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175261.38    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DN53<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    250000 | PA      | $273850.88    | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GPW9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    965000 | PA      | $1063869.75   | 0.36%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $175667.76    | 0.06%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ANH6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    430000 | PA      | $457857.08    | 0.15%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818MFS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $457997.57    | 0.15%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E3A3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    195000 | PA      | $212346.89    | 0.07%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WCQ3<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     80000 | PA      | $87781.90     | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                               | KLEIN TX INDEP SCH DIST                                      | CUSIP: 498531PB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218233.52    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157K82<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    105000 | PA      | $114811.90    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BSZ8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107606.08    | 0.04%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                    | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DTQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $176440.37    | 0.06%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $383429.97    | 0.13%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HZJ8<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    235000 | PA      | $258989.67    | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Utah Water Conservancy District                                         | CENTRL UT WTR CONSERVANCY DIST                               | CUSIP: 155674KJ2<br>LEI: 5493001AT8W3NBIEDB45 | Long             | DBT              | MUN               | US        |    185000 | PA      | $200983.54    | 0.07%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641461M21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62679.79     | 0.02%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AFD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314736.90    | 0.11%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                          | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707VR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $459447.53    | 0.16%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522UV4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120611.22    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818L2Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $302136.86    | 0.10%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                            | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                 | CUSIP: 68607VN35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $713594.48    | 0.24%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541WU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $247162.16    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522RL0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    400000 | PA      | $435850.28    | 0.15%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445HB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $120048.81    | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157W22<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218582.44    | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RH51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $249436.60    | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193RP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $246944.00    | 0.08%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AKA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $253393.74    | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903C27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $362097.32    | 0.12%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308J95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541536.95    | 0.18%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Valley Transportation Authority                                     | SANTA CLARA VLY CA TRANSPRTN AUTH SALES TAX REVENUE          | CUSIP: 80168NHS1<br>LEI: 549300R6Q7T4MD3V9H68 | Long             | DBT              | MUN               | US        |     95000 | PA      | $104180.23    | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MBM6<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    315000 | PA      | $327505.63    | 0.11%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397AL0<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213846.76    | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                            | N TEXAS ST MUNI WTR DIST REGL WSTWTR REVENUE                 | CUSIP: 662835VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217975.66    | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HDN3<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    165000 | PA      | $180921.26    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AGR0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    235000 | PA      | $258422.03    | 0.09%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661XP5<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |    200000 | PA      | $220002.92    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WZK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $381513.97    | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281725E1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $170171.96    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612DH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $980969.59    | 0.33%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RNY8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218974.30    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1372486.88   | 0.46%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641461S74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105848.37    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $212624.92    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County School District                                                    | HENRY CNTY GA SCH DIST                                       | CUSIP: 426362LY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $252024.20    | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FZ80<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    110000 | PA      | $119023.27    | 0.04%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                         | GEORGIA ST PORTS AUTH                                        | CUSIP: 373586FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $174958.16    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii State Highway Fund                                              | HAWAII ST HIGHWAY REVENUE                                    | CUSIP: 41981CNR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $152557.41    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 6041292V7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256952.63    | 0.09%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                              | ESSEX CNTY NJ IMPT AUTH                                      | CUSIP: 296809RH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167719.13    | 0.06%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845DB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54510.75     | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 812627LU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $362142.94    | 0.12%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue      | MET GOVT NASHVILLE & DAVIDSONCNTY TN ELEC REVENUE            | CUSIP: 592030J84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $495657.44    | 0.17%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $282228.29    | 0.10%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD                                                 | CUSIP: 059189VM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $154178.21    | 0.05%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LYF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $141690.00    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD REVENUE                                         | CUSIP: 059231L32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $234210.64    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848MZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83609.41     | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Contra Costa Water District                                                     | CONTRA COSTA CA WTR DIST                                     | CUSIP: 212218SZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55178.63     | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GYK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $405277.52    | 0.14%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DVX0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    260000 | PA      | $281380.29    | 0.10%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Virginia                                                        | VIRGINIA ST                                                  | CUSIP: 928109S32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136571.83    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EFH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $289566.79    | 0.10%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HCD6<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    140000 | PA      | $149830.53    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washoe County School District/NV                                                | WASHOE CNTY NV SCH DIST                                      | CUSIP: 9408585N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $121909.15    | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                            | CHARLES CNTY MD                                              | CUSIP: 159808HN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $330625.11    | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                      | AUSTIN TX ELEC UTILITY SYS REVENUE                           | CUSIP: 052414PH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193500.83    | 0.07%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CZ45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137748.29    | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430PJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $98110.05     | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QVQ6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    125000 | PA      | $136656.24    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224HD4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    215000 | PA      | $228711.00    | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882724JC2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    315000 | PA      | $345987.24    | 0.12%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HNT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $158987.51    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                     | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $228450.87    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641461N95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $190964.25    | 0.06%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553ZY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $198779.27    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643MY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $178833.93    | 0.06%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $541892.44    | 0.18%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                       | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026UE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119942.26    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CZQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148406.62    | 0.05%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112RL2<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    235000 | PA      | $256960.54    | 0.09%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268CC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1074254.93   | 0.36%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PUM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $197746.49    | 0.07%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RVB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135997.93    | 0.05%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST FING AUTH REVENUE            | CUSIP: 786009CA6<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213701.46    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County Water Reclamation District                                         | CLARK CNTY NV WTR RECLAMATION DIST                           | CUSIP: 181070EM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $682998.56    | 0.23%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848RX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $467582.15    | 0.16%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742VR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $151534.82    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Cordova Unified School District School Facilities Improvement Dist No 4  | FOLSOM CORDOVA CA UNIF SCH DIST SCH FACS IMPT DIST #4        | CUSIP: 34440TAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90825.81     | 0.03%             | 2026-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381HU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $284396.84    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                        | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91654.28     | 0.03%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581HW0<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1474797.86   | 0.50%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                        | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341LD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $124972.50    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MBU8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    530000 | PA      | $561923.70    | 0.19%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WPE0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    140000 | PA      | $147082.95    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO Water Revenue                                            | KANSAS CITY MO WTR REVENUE                                   | CUSIP: 485116YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $270750.92    | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TNY5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    555000 | PA      | $610213.68    | 0.21%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST COPS                                                 | CUSIP: 677905DL2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    310000 | PA      | $339703.18    | 0.11%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CUU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $169873.21    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union NC                                                              | UNION CNTY NC                                                | CUSIP: 9063952H0<br>LEI: 5493007ESG9QHLUW6165 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164970.62    | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue        | INDIANAPOLIS IN WTR SYS REVENUE                              | CUSIP: 455412BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $404757.10    | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845AL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108920.55    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EHC3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    485000 | PA      | $530174.36    | 0.18%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112RA6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264858.43    | 0.09%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $295948.37    | 0.10%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue                 | ARIZONA ST TRANSPRTN BRD HIGHWAY REVENUE                     | CUSIP: 040654WV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $245957.18    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No 37 Vancouver                                    | CLARK CNTY WA SCH DIST #37 VANCOUVER                         | CUSIP: 181144TV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $192918.43    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FST6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    215000 | PA      | $237180.65    | 0.08%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DAN5<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    285000 | PA      | $311203.33    | 0.11%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792LH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $153720.27    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH                          | CUSIP: 842477TZ4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68636.51     | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CU45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $568434.36    | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                              | HOUSTON TX                                                   | CUSIP: 442331E75<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    115000 | PA      | $118341.88    | 0.04%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066QY9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    325000 | PA      | $356283.43    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 61334PAH6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    230000 | PA      | $254004.92    | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691ED8<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43919.58     | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1239028.29   | 0.42%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TN                                                         | MONTGOMERY CNTY TN                                           | CUSIP: 61366ABM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $303297.18    | 0.10%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                              | ALDINE TX INDEP SCH DIST                                     | CUSIP: 014393WJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81200.03     | 0.03%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758F73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $467743.19    | 0.16%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Chesterfield VA                                                       | CHESTERFIELD CNTY VA                                         | CUSIP: 1663936R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $199853.69    | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Multnomah OR                                                          | MULTNOMAH CNTY OR                                            | CUSIP: 625506NY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $191200.56    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LR80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272480.78    | 0.09%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AEZ4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    665000 | PA      | $728424.97    | 0.25%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153AE9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    470000 | PA      | $496943.55    | 0.17%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                             | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883VU3<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107897.29    | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AJ71<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    130000 | PA      | $138991.72    | 0.05%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 658256Z54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $437164.88    | 0.15%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONALFIN AUTH BLDG AID REVENUE       | CUSIP: 64972H7N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $311044.18    | 0.11%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $327033.51    | 0.11%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WSG2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    440000 | PA      | $471700.77    | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                                | ALABAMA ST                                                   | CUSIP: 010411AU0<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108263.45    | 0.04%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Water System Revenue                                         | SEATTLE WA WTR SYS REVENUE                                   | CUSIP: 812728VL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $158833.51    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882724FF9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106782.20    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XDY5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90726.52     | 0.03%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $869700.93    | 0.29%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123V70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $326805.54    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $350060.19    | 0.12%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                       | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026VL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $239884.52    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Evergreen School District                                                       | EVERGREEN CA ELEM SCH DIST                                   | CUSIP: 300189CT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $73526.34     | 0.02%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDL7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108442.07    | 0.04%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                              | BEXAR CNTY TX                                                | CUSIP: 088281XW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $267603.04    | 0.09%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MSU4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    205000 | PA      | $224775.45    | 0.08%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $27602.41     | 0.01%             | 2026-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038DH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $253553.82    | 0.09%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RLR5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    485000 | PA      | $536541.77    | 0.18%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525YX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164959.32    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LNL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130654.39    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024UZ3<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    110000 | PA      | $119750.35    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                      | PIERCE CNTY WA SCH DIST #10 TACOMA                           | CUSIP: 720424YW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $182732.81    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172N76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548587.15    | 0.19%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182RX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110122.00    | 0.04%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TX24<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    145000 | PA      | $159425.19    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241SZ0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    205000 | PA      | $226069.55    | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TFX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $182727.45    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009P31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53955.64     | 0.02%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TNZ2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    240000 | PA      | $262987.94    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PZU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $102885.01    | 0.03%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397TH9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    220000 | PA      | $241398.21    | 0.08%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025WT0<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43479.98     | 0.01%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112QY5<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    160000 | PA      | $172705.12    | 0.06%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QDT0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54594.99     | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C6B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $450529.98    | 0.15%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GAK9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    265000 | PA      | $285990.25    | 0.10%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QEQ5<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    135000 | PA      | $142420.03    | 0.05%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E4V6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    660000 | PA      | $718712.54    | 0.24%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525SZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93776.36     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581JJ7<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    140000 | PA      | $153979.70    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Salt Lake UT Excise Tax Revenue                                       | SALT LAKE CNTY UT EXCISE TAX ROAD REVENUE                    | CUSIP: 79567TAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $98840.97     | 0.03%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461363L3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     80000 | PA      | $86054.06     | 0.03%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clayton School District/MO                                                      | CLAYTON MO SCH DIST                                          | CUSIP: 184270KU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129949.98    | 0.04%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WZA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $462052.74    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DHK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $373884.09    | 0.13%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CUT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $659049.74    | 0.22%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036CQ7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    160000 | PA      | $173834.70    | 0.06%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington TN                                                         | WASHINGTON CNTY TN                                           | CUSIP: 938650PS1<br>LEI: 549300JIK0HTR7E37995 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157899.05    | 0.05%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QGS9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109189.98    | 0.04%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 402 Franklin Pierce                            | PIERCE CNTY WA SCH DIST #402 FRANKLIN PIERCE                 | CUSIP: 720594MQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110316.58    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108144.13    | 0.04%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tucson AZ Water System Revenue                                          | TUCSON AZ WTR REVENUE                                        | CUSIP: 898797EE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163712.67    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990CQH7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    180000 | PA      | $198844.31    | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CS27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $318213.72    | 0.11%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                                           | KELLER TX INDEP SCH DIST                                     | CUSIP: 487694UP4<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |     80000 | PA      | $84368.84     | 0.03%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority                                           | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE         | CUSIP: 604115CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $200512.19    | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                     | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480JA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $250208.10    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701H31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $403442.15    | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WWN0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    160000 | PA      | $169348.02    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $179743.05    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix AZ                                                              | PHOENIX AZ                                                   | CUSIP: 718814Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $232916.05    | 0.08%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131367.86    | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848SA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $318507.41    | 0.11%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                  | CUSIP: 977100GP5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    535000 | PA      | $581720.05    | 0.20%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MAX7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    345000 | PA      | $374877.28    | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RPB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $387698.16    | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MU78<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    350000 | PA      | $371759.08    | 0.13%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Blount TN                                                             | BLOUNT CNTY TN                                               | CUSIP: 095167SZ6<br>LEI: 54930071RP1NB2WPW616 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174627.49    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horry County School District/SC                                                 | HORRY CNTY SC SCH DIST                                       | CUSIP: 440673G54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $349025.59    | 0.12%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 658256R87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $310824.59    | 0.11%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CF91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $378963.22    | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RCG8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    390000 | PA      | $428879.22    | 0.15%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ARN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $181033.76    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AQS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $307208.80    | 0.10%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                  | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LBM5<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    250000 | PA      | $226453.85    | 0.08%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DR83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $584052.74    | 0.20%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                             | HAWAII CNTY HI                                               | CUSIP: 419722L43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108322.75    | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $472212.29    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin Environmental Improvement Fund Revenue                       | WISCONSIN ST ENVRNMNTL IMPT FUND REVENUE                     | CUSIP: 97709TAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53121.17     | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772J6M9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1237842.67   | 0.42%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JY55<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    320000 | PA      | $348169.28    | 0.12%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CQT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $243743.44    | 0.08%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174UJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $120850.13    | 0.04%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219584.70    | 0.07%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059WA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $146815.34    | 0.05%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EAD8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    235000 | PA      | $257419.82    | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430PG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164204.43    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys | N TEXAS ST MUNI WTR DIST UPPER EFORK WSTWTR INTERCPT         | CUSIP: 662842LM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136318.95    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758VP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $526416.10    | 0.18%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990ABS3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102972.98    | 0.03%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123L63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $308105.45    | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PE57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $137013.30    | 0.05%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                     | SANTA MONICA-MALIBU CA UNIF SCH DIST                         | CUSIP: 802498RQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41795.68     | 0.01%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DR67<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54770.18     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $398395.80    | 0.13%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DUY6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    400000 | PA      | $399550.08    | 0.14%             | 2057-07-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EJH2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    235000 | PA      | $246703.56    | 0.08%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 8828542X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273232.55    | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161700.30    | 0.05%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara County Financing Authority                                          | SANTA CLARA CNTY CA FING AUTH                                | CUSIP: 801577MQ7<br>LEI: 549300A73O1Q5POHAT69 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164036.94    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                                       | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484PP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $300298.91    | 0.10%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MWV7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    115000 | PA      | $124785.98    | 0.04%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Environmental Improvement & Energy Resources Authority           | MISSOURI ST ENVRNMNTL IMPT & ENERGY RESOURCES AUTH WTR POLL  | CUSIP: 60636UDC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $361804.68    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LMX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $302535.86    | 0.10%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BSK8<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    245000 | PA      | $266079.92    | 0.09%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HF49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $186251.39    | 0.06%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                       | GRAND RIVER OK DAM AUTH REVENUE                              | CUSIP: 386442WL7<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |    335000 | PA      | $363198.69    | 0.12%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532AT1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    285000 | PA      | $313026.44    | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397DM5<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    250000 | PA      | $274135.10    | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FHR8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    735000 | PA      | $797625.45    | 0.27%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Finance Corp                                                    | ALABAMA ST HIGHWAY FIN CORP SPL OBLIG REVENUE                | CUSIP: 010573AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $125565.30    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FSR0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    225000 | PA      | $248299.54    | 0.08%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CD49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $442653.19    | 0.15%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204L84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $571215.06    | 0.19%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MJJ5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    435000 | PA      | $480235.13    | 0.16%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204L92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263498.52    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AA63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $169349.06    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                        | MAINE ST TURNPIKE AUTH                                       | CUSIP: 560551NX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $351003.08    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County School District                                                 | GWINNETT CNTY GA SCH DIST                                    | CUSIP: 403755Y47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548764.45    | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966L5C1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    235000 | PA      | $253188.84    | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APW1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    725000 | PA      | $771968.33    | 0.26%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 401 Highline                                     | KING CNTY WA SCH DIST #401 HIGHLINE                          | CUSIP: 495033EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $385701.33    | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EXQ6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    355000 | PA      | $382563.30    | 0.13%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Travis TX                                                             | TRAVIS CNTY TX                                               | CUSIP: 89453PYG8<br>LEI: 549300HEC6MNL5465K30 | Long             | DBT              | MUN               | US        |    240000 | PA      | $259825.37    | 0.09%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285AAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108518.05    | 0.04%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii State Highway Fund                                              | HAWAII ST HIGHWAY REVENUE                                    | CUSIP: 41981CMY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81727.19     | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507R94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87285.85     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553PL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91147.66     | 0.03%             | 2026-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E3B1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    430000 | PA      | $467794.55    | 0.16%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                | NORTH CAROLINA ST CAPITAL FACS FIN AGY REVENUE               | CUSIP: 65819GKY3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    200000 | PA      | $220045.22    | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LC37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $185828.93    | 0.06%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172Q73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $236044.97    | 0.08%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HUE4<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    650000 | PA      | $716354.41    | 0.24%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH DIST                                  | CUSIP: 59333RGN8<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107641.86    | 0.04%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609TKD9<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    165000 | PA      | $180274.81    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675932P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $328233.65    | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381NZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115718.79    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183XL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218939.24    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818N2E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $230878.55    | 0.08%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                          | FREDERICK CNTY MD                                            | CUSIP: 35569PKC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219151.48    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Transportation Commission                             | SAN DIEGO CNTY CA REGL TRANSPRTN COMMISSION SALES TAX REV    | CUSIP: 797400KN7<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |    260000 | PA      | $283767.25    | 0.10%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Pittsburgh-of the Commonwealth System of Higher Education         | UNIV OF PITTSBURGH PA OF THE CMWLTH SYS OF HGR EDU           | CUSIP: 91335VKW5<br>LEI: 5493002C83QSGL8ETT42 | Long             | DBT              | MUN               | US        |    315000 | PA      | $331291.77    | 0.11%             | 2026-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 3411506R6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    240000 | PA      | $263018.45    | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $342068.49    | 0.12%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RLT1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110662.41    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827WZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $145283.75    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TJZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110743.91    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818ML40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $331082.58    | 0.11%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                    | CUSIP: 45884AZX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87313.42     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Snohomish WA                                                          | SNOHOMISH CNTY WA                                            | CUSIP: 833086DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $237180.65    | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                    | ORLANDO FL UTILITIES COMMISSION UTILITY SYS REVENUE          | CUSIP: 686507JN5<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164755.83    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521522J9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    555000 | PA      | $591241.33    | 0.20%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389YE2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    530000 | PA      | $570224.09    | 0.19%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No 1                                      | NORTH CAROLINA ST MUNI PWR AGY #1 CATAWBA ELEC REVENUE       | CUSIP: 658203X25<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214862.14    | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WMT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16415.57     | 0.01%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FQF8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    355000 | PA      | $377493.69    | 0.13%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HFH4<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    195000 | PA      | $214175.99    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Water District Financing Authority                                       | RANCHO CA WTR DIST FING AUTH                                 | CUSIP: 752111JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43971.34     | 0.01%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123V62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $169544.27    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $994926.00    | 0.34%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CR23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $770665.82    | 0.26%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                       | LOS ANGELES CA MUNI IMPT CORPLEASE REVENUE                   | CUSIP: 544587G44<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    410000 | PA      | $452947.42    | 0.15%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224M71<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    250000 | PA      | $273189.93    | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                                           | KELLER TX INDEP SCH DIST                                     | CUSIP: 487694UN9<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |     70000 | PA      | $73771.78     | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WST2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    195000 | PA      | $202810.37    | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 5178407P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133665.31    | 0.05%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZG2<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    145000 | PA      | $157906.15    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                   | SAN JOSE CA EVERGREEN CMNTY CLG DIST                         | CUSIP: 798189KF2<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104259.13    | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                             | LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE       | CUSIP: 54473EQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83935.66     | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Unified School District                                             | SANTA CLARA CA UNIF SCH DIST                                 | CUSIP: 801495K68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98526.33     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Williamson TN                                                         | WILLIAMSON CNTY TN                                           | CUSIP: 969872NL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $179519.72    | 0.06%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765R2F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $265963.66    | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E4U8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    475000 | PA      | $522159.62    | 0.18%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 591745X58<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    150000 | PA      | $164023.28    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 5288288B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104185.07    | 0.04%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JT28<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    185000 | PA      | $194418.35    | 0.07%             | 2026-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AC64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $322477.19    | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH Sales Tax Revenue                                         | FRANKLIN CNTY OH SALES TAX REVENUE                           | CUSIP: 353204AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $250904.36    | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WPPI Energy                                                                     | WPPI ENERGY WI PWR SPLY REVENUE                              | CUSIP: 92937NAZ7<br>LEI: 5493000UBF6PCV5RXZ13 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36081.55     | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758SD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $172130.23    | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593RC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $236383.31    | 0.08%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AGQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $416926.23    | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                               | PLANO TX INDEP SCH DIST                                      | CUSIP: 727199XL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108236.05    | 0.04%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arkansas                                                               | ARKANSAS ST                                                  | CUSIP: 041042ZH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20867.91     | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                  | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898UJ4<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |    145000 | PA      | $156764.50    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686S37<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    290000 | PA      | $315148.05    | 0.11%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546415V31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $89927.76     | 0.03%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County School District                                                  | FORSYTH CNTY GA SCH DIST                                     | CUSIP: 346604JM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $265426.78    | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH                                     | CUSIP: 3431368D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $138337.08    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWA8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214884.62    | 0.07%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CVF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106676.40    | 0.04%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WLV2<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    165000 | PA      | $183455.18    | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LJY3<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1395403.23   | 0.47%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                            | NEWPORT MESA CA UNIF SCH DIST                                | CUSIP: 652113UK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $174987.53    | 0.06%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FQW1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132920.31    | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YZK8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    295000 | PA      | $325540.32    | 0.11%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DVQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $409462.35    | 0.14%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 341150S92<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    175000 | PA      | $186478.29    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WWX0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    205000 | PA      | $219336.24    | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sales Tax Revenue                                         | HAMILTON CNTY OH SALES TAX                                   | CUSIP: 407287MB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121050.24    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034ALQ1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110655.74    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GH24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $120532.34    | 0.04%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Valley Water District                                               | SANTA CLARA VLY CA WTR DIST COPS                             | CUSIP: 80168FMW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $380296.53    | 0.13%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AJQ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $217541.68    | 0.07%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Municipal Bond Bank                                                     | VERMONT ST MUNI BOND BANK                                    | CUSIP: 924214F79<br>LEI: 54930081EMY8D1GYM846 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110122.99    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                    | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DTB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $198495.41    | 0.07%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BRL7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    140000 | PA      | $144135.96    | 0.05%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Virginia                                                        | VIRGINIA ST                                                  | CUSIP: 928109X51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60091.60     | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Campbell Union High School District                                             | CAMPBELL CA UNION HIGH SCH DIST                              | CUSIP: 134159YE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $159630.50    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH Sewerage Revenue                                            | COLUMBUS OH SWR REVENUE                                      | CUSIP: 199561GN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $248515.92    | 0.08%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E3T2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    460000 | PA      | $498167.95    | 0.17%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579HD2<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    545000 | PA      | $596327.94    | 0.20%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133405Y0<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30997.18     | 0.01%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966L2L4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106807.38    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RNC6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108799.83    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                   | DELAWARE RIVER PORT AUTH PA & NJ                             | CUSIP: 246352HL5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |    305000 | PA      | $328502.08    | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876CQ8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $193325.56    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD                             | CUSIP: 927790HV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110050.17    | 0.04%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HEN2<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |     95000 | PA      | $104342.15    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Carroll GA                                                            | CARROLL CNTY GA                                              | CUSIP: 144753BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92696.89     | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts State College Building Authority                                  | MASSACHUSETTS ST CLG BLDG AUTH REVENUE                       | CUSIP: 575831HG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5179.95      | 0.00%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136U58<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103102.04    | 0.03%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973554R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109764.40    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045MM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106801.91    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park City School District                                                       | PARK CITY UT SCH DIST                                        | CUSIP: 700250KK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108344.42    | 0.04%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643MW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $314777.11    | 0.11%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RWY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $241376.98    | 0.08%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224XA2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    105000 | PA      | $113487.90    | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133408B7<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    710000 | PA      | $784102.13    | 0.27%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PKM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $354822.85    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                        | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $198986.01    | 0.07%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                       | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155JQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157394.97    | 0.05%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EXR4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    865000 | PA      | $943778.23    | 0.32%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PHR4<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545970.75    | 0.18%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cambridge MA                                                            | CAMBRIDGE MA                                                 | CUSIP: 1322854A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113938.00    | 0.04%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204N25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $297462.21    | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Unified School District                                               | PALO ALTO CA UNIF SCH DIST                                   | CUSIP: 697379TE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $309599.13    | 0.10%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                              | LONG BEACH CA UNIF SCH DIST                                  | CUSIP: 542433RA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $236464.05    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AJD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92793.29     | 0.03%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Assessment Revenue                   | MASSACHUSETTS BAY MA TRANSPRTN AUTH REVENUE                  | CUSIP: 575577NE7<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122102.45    | 0.04%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | LOUISIANA ST GAS & FUELS TAX REVENUE                         | CUSIP: 546475RW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108864.00    | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051YA8<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15588.66     | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966LRM5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $181946.59    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DKS6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    665000 | PA      | $700969.85    | 0.24%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035T99<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    290000 | PA      | $314428.64    | 0.11%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973554S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $281083.72    | 0.10%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HZL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $662835.82    | 0.22%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DFD2<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54699.45     | 0.02%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430SH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547348.10    | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST ADULT CORRECTIONAL CAPITAL FACS                      | CUSIP: 677524CR9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120780.21    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DUE6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    570000 | PA      | $614759.02    | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                            | CHARLES CNTY MD                                              | CUSIP: 159808ME1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110208.37    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507P70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $158105.71    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Highway & Transportation Commission                                    | MISSOURI ST HIGHWAY & TRANSPRTN COMMISSION STATE ROAD REVENU | CUSIP: 60636WRA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123823.76    | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 4952894E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87368.60     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RH69<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    635000 | PA      | $703559.55    | 0.24%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue   | MASSACHUSETTS ST FEDERAL HIGHWAY                             | CUSIP: 57583PHE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $311354.83    | 0.11%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CDL4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    220000 | PA      | $237793.49    | 0.08%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DVU6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81190.12     | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742A72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $466189.23    | 0.16%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                             | LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE       | CUSIP: 54473ERE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108163.04    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356ER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27720.41     | 0.01%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $505421.64    | 0.17%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL                                           | CUSIP: 59333FNU0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042316.70   | 0.35%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268DX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $601709.36    | 0.20%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151YD5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    200000 | PA      | $216266.72    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                             | IDAHO ST HSG & FIN ASSN                                      | CUSIP: 45129WMR8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    550000 | PA      | $598935.32    | 0.20%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Building Authority of West Virginia                                      | WEST VIRGINIA ST SCH BLDG AUTH REVENUE                       | CUSIP: 956540NC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $150444.05    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QRD0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    115000 | PA      | $125723.74    | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Orange NC                                                             | ORANGE CNTY NC                                               | CUSIP: 684609WM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $620103.83    | 0.21%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WDC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80134.06     | 0.03%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QFK7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174703.97    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990BA37<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    130000 | PA      | $141148.53    | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allen Independent School District                                               | ALLEN TX INDEP SCH DIST                                      | CUSIP: 018106JX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107960.58    | 0.04%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                              | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                   | CUSIP: 495260E49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $478942.37    | 0.16%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876EY9<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168093.22    | 0.06%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                     | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157473.27    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MPD5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    460000 | PA      | $504374.18    | 0.17%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth NC                                                            | FORSYTH CNTY NC                                              | CUSIP: 34664PBL3<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110712.92    | 0.04%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014E24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164444.25    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507Q87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $267312.91    | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 1845405U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71904.75     | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                          | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 9151156U8<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    325000 | PA      | $345921.68    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                          | OKLAHOMA ST CAPITOL IMPT AUTH ST HIGHWAY CAP IMPT REVENUE    | CUSIP: 678514BP4<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |    150000 | PA      | $162067.97    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RKP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $138700.35    | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund         | RHODE ISLAND ST INFRASTRUCTURE BANK WTR POLL CONTROL REVENUE | CUSIP: 76221UCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134126.94    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149846.17    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WNR9<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     95000 | PA      | $105577.40    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TFC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $210217.94    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193LH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196771.03    | 0.07%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521524S7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160265.19    | 0.05%             | 2026-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FRJ9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    175000 | PA      | $190787.61    | 0.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CVJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106341.15    | 0.04%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MES1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    130000 | PA      | $142644.02    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 812627AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84542.77     | 0.03%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854M58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $184480.69    | 0.06%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758WM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164509.62    | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397ZN9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    185000 | PA      | $202993.95    | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CD31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $138683.35    | 0.05%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643MZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $168798.90    | 0.06%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418D91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $346355.36    | 0.12%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DSH2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213514.08    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DWY0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54770.18     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GFK5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    365000 | PA      | $388156.51    | 0.13%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 414005VF2<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    695000 | PA      | $741868.16    | 0.25%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NRA6<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    140000 | PA      | $154167.09    | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183XN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $278967.30    | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464152E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $299780.72    | 0.10%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758ZB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87869.78     | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AH65<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117608.38    | 0.04%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PYF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $925965.09    | 0.31%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PWZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $232537.23    | 0.08%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542WL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $854269.73    | 0.29%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WNC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $311792.85    | 0.11%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carlsbad Unified School District                                                | CARLSBAD CA UNIF SCH DIST                                    | CUSIP: 142665EH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87674.42     | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241SF4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    210000 | PA      | $231095.91    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RHE9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    230000 | PA      | $251820.45    | 0.09%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522H56<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    265000 | PA      | $289635.65    | 0.10%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541WT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $120786.26    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193PE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $779245.52    | 0.26%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma State University                                                       | OKLAHOMA ST UNIV AGRIC & MECH CLGS UNIV REVENUES             | CUSIP: 679191HC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $274406.75    | 0.09%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525B23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $159460.68    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547608.80    | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 544495Y24<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $329501.52    | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NQY5<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    225000 | PA      | $247950.86    | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772J7F3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    125000 | PA      | $135728.36    | 0.05%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123V88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $157309.27    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica Community College District                                         | SANTA MONICA CA CMNTY CLG DIST                               | CUSIP: 802385KV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $458271.40    | 0.16%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Prince William County Industrial Development Authority                          | PRINCE WILLIAM CNTY VA INDL DEV AUTH CNTY FACS REVENUE       | CUSIP: 741752BC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115329.08    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grossmont Union High School District                                            | GROSSMONT CA UNION HIGH SCH DIST                             | CUSIP: 399262BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $82460.37     | 0.03%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051B47<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    115000 | PA      | $126093.54    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153DF3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    620000 | PA      | $655842.39    | 0.22%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DYH2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54126.75     | 0.02%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051B39<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    345000 | PA      | $377426.31    | 0.13%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GW27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $224548.29    | 0.08%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792MJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $175798.83    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82322.03     | 0.03%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N7V0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    320000 | PA      | $351900.90    | 0.12%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                       | SPRING BRANCH TX INDEP SCH DIST                              | CUSIP: 849476SA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108102.13    | 0.04%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541XH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $257919.29    | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WU85<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109454.75    | 0.04%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LR26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $241477.94    | 0.08%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553E64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $259517.39    | 0.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CYX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $440290.44    | 0.15%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                             | NEW MEXICO ST                                                | CUSIP: 647293SA8<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |    305000 | PA      | $330669.11    | 0.11%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522BX1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109976.77    | 0.04%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CRS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72862.86     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VFE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135241.15    | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438670Y54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107032.98    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PE24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $514998.32    | 0.17%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KMP1<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105462.81    | 0.04%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corp/The                                      | UNIV OF NEBRASKA NE FACS CORP                                | CUSIP: 914639KF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71213.77     | 0.02%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                | CUSIP: 928173AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548941.80    | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RRW8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     95000 | PA      | $102683.55    | 0.03%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                         | MARYLAND ST TRANSPRTN AUTH TRANSPRTN FACS PROJ REVENUE       | CUSIP: 574300LX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81908.06     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WWY8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    260000 | PA      | $277747.99    | 0.09%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $485987.84    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XHD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219434.86    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | LOUISIANA ST GAS & FUELS TAX REVENUE                         | CUSIP: 546475RQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79179.00     | 0.03%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cambridge MA                                                            | CAMBRIDGE MA                                                 | CUSIP: 1322855J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $70533.05     | 0.02%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KKM0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    205000 | PA      | $216198.76    | 0.07%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH GEN REVENUE JUNIOR INDEBTEDNESS OBL | CUSIP: 650010AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134742.11    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $243548.03    | 0.08%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K2Y7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    360000 | PA      | $394345.26    | 0.13%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XVY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $938390.48    | 0.32%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742B30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $238515.42    | 0.08%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792LL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109837.22    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723N54<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    540000 | PA      | $585964.15    | 0.20%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WCB4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    145000 | PA      | $149656.65    | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136858.94    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $333660.94    | 0.11%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCU8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    805000 | PA      | $888985.09    | 0.30%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LYU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $182619.95    | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428D29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $301089.66    | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444957P3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    220000 | PA      | $241634.45    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 0524762L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $368628.94    | 0.12%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152VC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101924.08    | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428B88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $147807.65    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                     | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480HY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $641838.17    | 0.22%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544646U75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $244625.72    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RQB5<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |    105000 | PA      | $114273.65    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District                                                | REEDY CREEK FL IMPT DIST                                     | CUSIP: 758449QM7<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    300000 | PA      | $324751.38    | 0.11%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C5W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $181443.75    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $204660.26    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GYR9<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    780000 | PA      | $853577.95    | 0.29%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558JF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $314095.39    | 0.11%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                               | KLEIN TX INDEP SCH DIST                                      | CUSIP: 498531JU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109116.76    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PR38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $70591.07     | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                             | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688KT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $261820.68    | 0.09%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224NZ8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    300000 | PA      | $324251.13    | 0.11%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH GEN REVENUE JUNIOR INDEBTEDNESS OBL | CUSIP: 650010AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240235.63    | 0.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 8126263Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $302590.06    | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558KB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $490429.65    | 0.17%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968A6P5<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    205000 | PA      | $220255.79    | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas College                                                                  | DALLAS CNTY TX CMNTY CLG DIST                                | CUSIP: 234685LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113680.05    | 0.04%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CR31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $191118.81    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QCV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $174340.11    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $307517.45    | 0.10%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QYJ3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $548232.80    | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA                                                            | SPOKANE CNTY WA                                              | CUSIP: 8486443N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66213.21     | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Highway & Transportation Commission                                    | MISSOURI ST HIGHWAY & TRANSPRTN COMMISSION STATE ROAD REVENU | CUSIP: 60636WSQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $628190.79    | 0.21%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                              | FORT WORTH TX WTR & SWR REVENUE                              | CUSIP: 349515TH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $121186.05    | 0.04%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EFS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $236053.55    | 0.08%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park Hill School District of Platte County                                      | PLATTE CNTY MO SCH DIST PARK HILL                            | CUSIP: 727730JB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $719591.39    | 0.24%             | 2037-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                           | MANSFIELD TX INDEP SCH DIST                                  | CUSIP: 564386RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $157031.20    | 0.05%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LGY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $213142.55    | 0.07%             | 2026-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 79623PCT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $519141.85    | 0.18%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 3411503J7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60275.06     | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769CF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $562986.89    | 0.19%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525TY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $141145.97    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157P46<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109398.90    | 0.04%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wilson TN                                                             | WILSON CNTY TN                                               | CUSIP: 97217PKF5<br>LEI: 549300N6BIU7YJ1ESV95 | Long             | DBT              | MUN               | US        |    190000 | PA      | $206476.31    | 0.07%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GTZ7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    165000 | PA      | $180564.57    | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Infrastructure Authority                                               | KENTUCKY ST INFRASTRUCTURE AUTH                              | CUSIP: 4913137F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105469.32    | 0.04%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114757.67    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allen Independent School District                                               | ALLEN TX INDEP SCH DIST                                      | CUSIP: 018106JW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129662.77    | 0.04%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108603.10    | 0.04%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                             | LOS ANGELES CA HARBOR DEPT                                   | CUSIP: 544552B50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131916.44    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GUL6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    130000 | PA      | $136537.32    | 0.05%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONALFIN AUTH BLDG AID REVENUE       | CUSIP: 64972H7Q9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82169.73     | 0.03%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533056.50    | 0.18%             | 2052-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 52882PAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $152752.64    | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts State College Building Authority                                  | MASSACHUSETTS ST CLG BLDG AUTH REVENUE                       | CUSIP: 575831HP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $170893.80    | 0.06%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852V70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $453571.40    | 0.15%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 6459185Y5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154653.06    | 0.05%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870QX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $258901.78    | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                       | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1600037 | NS      | $1600356.92   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DB64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55449.90     | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133407M4<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    270000 | PA      | $297562.60    | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lone Star College System                                                        | LONE STAR TX CLG SYS                                         | CUSIP: 542264GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $424518.15    | 0.14%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541C70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66262.15     | 0.02%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CEV1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32426.39     | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DWK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $909413.05    | 0.31%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cambridge MA                                                            | CAMBRIDGE MA                                                 | CUSIP: 1322856D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $244152.86    | 0.08%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pierce WA                                                             | PIERCE CNTY WA                                               | CUSIP: 720356G73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $120055.96    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                          | UNIV OF MICHIGAN MI                                          | CUSIP: 914455SK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135879.69    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AF43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63435.98     | 0.02%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AMH7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532391.95    | 0.18%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115552.68    | 0.04%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818PGM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60698.47     | 0.02%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742ZE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $381024.00    | 0.13%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152D40<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105723.57    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WLW0<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    400000 | PA      | $444834.60    | 0.15%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772J3V2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    180000 | PA      | $197824.46    | 0.07%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WR36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $435482.28    | 0.15%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389S58<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    310000 | PA      | $336846.25    | 0.11%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782EN5<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    175000 | PA      | $190877.51    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541WS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $181092.27    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446464W9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $680956.79    | 0.23%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HDP8<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    140000 | PA      | $153535.70    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 5288287H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143966.12    | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WL40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $351786.99    | 0.12%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                              | BEXAR CNTY TX                                                | CUSIP: 088281ZZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273064.33    | 0.09%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438670V73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160549.47    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TNF4<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    280000 | PA      | $283162.10    | 0.10%             | 2026-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CNTY TRANSPRTN                 | CUSIP: 574203PA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121105.53    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DV69<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    315000 | PA      | $340998.49    | 0.12%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MSJ5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81771.26     | 0.03%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MEC5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137059.33    | 0.05%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Alabama                                                                | ALABAMA ST                                                   | CUSIP: 010411BQ8<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54787.87     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WZL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $414607.78    | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HHZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109833.84    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Nassau NY                                                             | NASSAU CNTY NY                                               | CUSIP: 63165TYP4<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |    145000 | PA      | $157203.35    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C6D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219036.84    | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CX21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1255237.93   | 0.42%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LA47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $248282.69    | 0.08%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alpine School District/UT                                                       | ALPINE UT SCH DIST                                           | CUSIP: 021087XX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $786773.41    | 0.27%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $243457.30    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XRM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110398.88    | 0.04%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389L71<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |     80000 | PA      | $86600.37     | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Parkways Authority                                                | WEST VIRGINIA ST PARKWAYS AUTH TURNPIKE TOLL REVENUE         | CUSIP: 956510BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $167788.21    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                              | ATLANTA GA                                                   | CUSIP: 047772H50<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $220943.50    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966L4L2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    165000 | PA      | $177522.59    | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DZF5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $270633.73    | 0.09%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GR64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273769.88    | 0.09%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST GEN FUND REVENUE                                | CUSIP: 604146GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542236.20    | 0.18%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE          | CUSIP: 677581GK0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    395000 | PA      | $429570.80    | 0.15%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137BS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $202039.89    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                             | IDAHO ST HSG & FIN ASSN                                      | CUSIP: 45129WNU0<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    190000 | PA      | $206904.93    | 0.07%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CX39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $356618.83    | 0.12%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68608U2P0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    125000 | PA      | $133414.85    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Sanitation Districts Financing Authority                      | SACRAMENTO CNTY CA SANTN DISTS FING AUTH REVENUE             | CUSIP: 786134VF0<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |     80000 | PA      | $85810.99     | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y88<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26354.29     | 0.01%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $181675.89    | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GXH2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210057.42    | 0.07%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792WB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $275248.79    | 0.09%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XYZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66239.33     | 0.02%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chesapeake VA                                                           | CHESAPEAKE VA                                                | CUSIP: 16532LMN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131703.47    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507JB7<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    190000 | PA      | $210413.43    | 0.07%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WND4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    295000 | PA      | $309527.95    | 0.10%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QAS5<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    275000 | PA      | $292295.52    | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $165057.74    | 0.06%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793D48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $283751.73    | 0.10%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH ST TRANSPRTN REVENUE                  | CUSIP: 64711RKV7<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    160000 | PA      | $165834.48    | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HEZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148022.86    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District Public Facility Corp                          | AUSTIN TX CMNTY CLG DIST PUBLIC FAC CORP LEASE REVENUE       | CUSIP: 052405CR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69295.30     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Suffolk VA                                                              | SUFFOLK VA                                                   | CUSIP: 864813Q45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86602.79     | 0.03%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1415952.15   | 0.48%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CV64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $181679.17    | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QBU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $294812.95    | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553K67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163633.28    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YAZ2<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    280000 | PA      | $305691.71    | 0.10%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204H55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $170413.34    | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Community College District                                        | SANTA BARBARA CA CMNTY CLG DIST                              | CUSIP: 801283FX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54954.18     | 0.02%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183ZE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131363.54    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union NJ                                                              | UNION CNTY NJ                                                | CUSIP: 90634PMA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36875.95     | 0.01%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QDS2<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    140000 | PA      | $154443.21    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LZP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265549.33    | 0.09%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RYS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $296847.75    | 0.10%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                            | CHARLES CNTY MD                                              | CUSIP: 159808NK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53258.65     | 0.02%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCK7<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    120000 | PA      | $129705.54    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO                                        | CUSIP: 249164PC2<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49372.84     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098R74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $289591.39    | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428E44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $366781.95    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cascade Water Alliance                                                          | CASCADE WTR ALLIANCE WA WTR SYS REVENUE                      | CUSIP: 14739HDN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $356728.78    | 0.12%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority                                           | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE         | CUSIP: 604115CZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $411500.31    | 0.14%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615FH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $153642.01    | 0.05%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RHY4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549423.90    | 0.19%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix AZ                                                              | PHOENIX AZ                                                   | CUSIP: 718814Q41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $600279.79    | 0.20%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Contra Costa Transportation Authority Sales Tax Revenue                         | CONTRA COSTA CA TRANSPRTN AUTH SALES TAX REVENUE             | CUSIP: 21221MED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83209.17     | 0.03%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCV6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    145000 | PA      | $160127.75    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579YH4<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159729.08    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin Environmental Improvement Fund Revenue                       | WISCONSIN ST ENVRNMNTL IMPT FUND REVENUE                     | CUSIP: 97709TBY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114614.06    | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848RY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $335674.52    | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DG82<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    200000 | PA      | $216446.40    | 0.07%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544646S94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $229011.31    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N4R1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    125000 | PA      | $137082.38    | 0.05%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Side Union High School District                                            | EAST SIDE CA UNION HIGH SCH DIST SANTA CLARA CNTY            | CUSIP: 275282NB3<br>LEI: 549300FHNKBG2V8ZLG85 | Long             | DBT              | MUN               | US        |    305000 | PA      | $335367.05    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609TTD0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    130000 | PA      | $141736.86    | 0.05%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WY81<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120778.85    | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $70470.47     | 0.02%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506D5K7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108223.20    | 0.04%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix AZ                                                              | PHOENIX AZ                                                   | CUSIP: 718814Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $469606.23    | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444954Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $153440.87    | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP DIST REVENUE                      | CUSIP: 71884WAQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44172.00     | 0.01%             | 2026-07-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522KX1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    120000 | PA      | $130479.28    | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $393904.69    | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                              | FORT WORTH TX WTR & SWR REVENUE                              | CUSIP: 349515G83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $237782.40    | 0.08%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204D34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $152175.05    | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DZH1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    235000 | PA      | $256010.97    | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority/The                                       | MONMOUTH CNTY NJ IMPT AUTH REVENUE                           | CUSIP: 60956PUK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $323982.16    | 0.11%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N5D2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    275000 | PA      | $298843.27    | 0.10%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $268904.45    | 0.09%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854M74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $461276.17    | 0.16%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TSW4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109948.41    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of South Carolina                                                         | SOUTH CAROLINA ST                                            | CUSIP: 83710RSE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $652991.28    | 0.22%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424QG3<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    770000 | PA      | $822509.69    | 0.28%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                             | PORTLAND OR REVENUE                                          | CUSIP: 736740TC5<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |    195000 | PA      | $213061.58    | 0.07%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576049V72<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $553136.80    | 0.19%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DW61<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60247.19     | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                            | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272PF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106388.22    | 0.04%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82537.63     | 0.03%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WPV8<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    120000 | PA      | $133360.92    | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LP90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82621.67     | 0.03%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157U73<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |     90000 | PA      | $98362.10     | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990EMQ7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    130000 | PA      | $133600.13    | 0.05%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BE26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    515000 | PA      | $558476.66    | 0.19%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DFZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44281.46     | 0.01%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                                   | IOWA ST SPL OBLG                                             | CUSIP: 46257TED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $400633.54    | 0.14%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                              | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002ED4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269977.88    | 0.09%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841WH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $186395.16    | 0.06%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168FF6<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |    125000 | PA      | $136234.79    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 4424355P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52290.30     | 0.02%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DXA1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    290000 | PA      | $317256.93    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WA30<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    290000 | PA      | $310058.46    | 0.10%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CP74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $308950.60    | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WQ94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $251211.70    | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP REVENUE                      | CUSIP: 64985HUG0<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    225000 | PA      | $237678.21    | 0.08%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 7962532S0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    225000 | PA      | $230417.62    | 0.08%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA                                                            | HENRICO CNTY VA                                              | CUSIP: 426056E45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109752.89    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BSK4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    645000 | PA      | $703232.86    | 0.24%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 644682X92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110712.25    | 0.04%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                             | MASSACHUSETTS ST WTR POLL ABATEMENT TRUST                    | CUSIP: 57604PB60<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |    230000 | PA      | $254442.93    | 0.09%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan St Louis Sewer District                                            | MET SAINT LOUIS MO SWR DIST WSTWTR SYS REVENUE               | CUSIP: 592481HT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132524.35    | 0.04%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth GA                                                            | FORSYTH CNTY GA                                              | CUSIP: 346593GE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58228.67     | 0.02%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882724KH9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     85000 | PA      | $92989.10     | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BNB9<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74712.32     | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ Water & Sewer Revenue                                       | GLENDALE AZ WTR & SWR REVENUE                                | CUSIP: 378352PN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $329880.73    | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WWZ5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    210000 | PA      | $223996.29    | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507P62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $420063.14    | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA                                                              | NORFOLK VA                                                   | CUSIP: 655867UY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196809.33    | 0.07%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JV66<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    255000 | PA      | $276325.50    | 0.09%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HJH0<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219259.00    | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Barbara Community College District                                        | SANTA BARBARA CA CMNTY CLG DIST                              | CUSIP: 801283FV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109947.73    | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Salt Lake & Sandy                                | MET WTR DIST UT SALT LAKE & SANDY WTR REVENUE                | CUSIP: 592657CF5<br>LEI: 549300WSGSDWQU727366 | Long             | DBT              | MUN               | US        |    225000 | PA      | $242073.63    | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854YD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $412368.59    | 0.14%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TJE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $188264.65    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No 24J                                             | MARION & POLK CNTYS OR SCH DIST #24J SALEM                   | CUSIP: 569203NY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $381583.58    | 0.13%             | 2026-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168CX0<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |    355000 | PA      | $385714.32    | 0.13%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EW38<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    260000 | PA      | $283679.01    | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH POLL CONTROL FACS REVENUE               | CUSIP: 677660UU4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     60000 | PA      | $66376.30     | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $252609.32    | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QDR4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    300000 | PA      | $330949.74    | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $171252.77    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MGQ2<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    545000 | PA      | $601673.90    | 0.20%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AP33<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    170000 | PA      | $182104.95    | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZH0<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    210000 | PA      | $228691.66    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687PF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $584831.51    | 0.20%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $208867.70    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035W95<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    925000 | PA      | $1004981.88   | 0.34%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C4P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $686729.25    | 0.23%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alamo Community College District                                                | ALAMO TX CMNTY CLG DIST                                      | CUSIP: 011415TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540108.60    | 0.18%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No 1                                      | NORTH CAROLINA ST MUNI PWR AGY #1 CATAWBA ELEC REVENUE       | CUSIP: 6582034M3<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    125000 | PA      | $135636.48    | 0.05%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WUX2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    120000 | PA      | $128741.88    | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PE40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $734881.13    | 0.25%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701ZM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106486.05    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818MRN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121396.95    | 0.04%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CR51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $771390.41    | 0.26%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $324019.80    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542VE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $284756.58    | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FSS8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    200000 | PA      | $220710.70    | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 658256Z70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $180450.14    | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AVA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $132806.38    | 0.04%             | 2026-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HWR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $186218.60    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MHA0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     95000 | PA      | $104177.02    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444954E1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     80000 | PA      | $87867.07     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UBA5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    115000 | PA      | $123852.01    | 0.04%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AEY7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    830000 | PA      | $909768.31    | 0.31%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038GA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $87591.32     | 0.03%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522RA4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    115000 | PA      | $126871.28    | 0.04%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                             | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688KB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163791.23    | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647CW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115325.53    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midpeninsula Regional Open Space District Field Employees Corp                  | MIDPENINSULA CA REGL OPEN SPACE DIST                         | CUSIP: 598022HJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110324.03    | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                   | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276REW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324931.02    | 0.11%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                | PLANO TX                                                     | CUSIP: 727177WU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38315.63     | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                           | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 667825X65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $249148.95    | 0.08%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225CJ3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    135000 | PA      | $148561.65    | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077CV76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $178121.86    | 0.06%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974A4Y7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    100000 | PA      | $91827.64     | 0.03%             | 2026-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DPC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $376134.28    | 0.13%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VWN0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    400000 | PA      | $440337.28    | 0.15%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XB56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $358796.36    | 0.12%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507EG1<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $221254.34    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065YX6<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    195000 | PA      | $212356.54    | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581HP5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99389.64     | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AAM7<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    175000 | PA      | $181834.82    | 0.06%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MHZ5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    325000 | PA      | $353943.53    | 0.12%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                          | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PFZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $341848.65    | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX                                                          | FORT BEND CNTY TX                                            | CUSIP: 346766TW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129614.72    | 0.04%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RDU7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    730000 | PA      | $799256.20    | 0.27%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                     | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47738.48     | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD                                                 | CUSIP: 059189US7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99114.56     | 0.03%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                          | ARLINGTON CNTY VA                                            | CUSIP: 041431SQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115352.12    | 0.04%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                           | UTILITY DEBT SECURITIZATION AUTH NY                          | CUSIP: 91802RCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $322827.56    | 0.11%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON SUBURBAN SAN DIST MD                              | CUSIP: 940158AE8<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    300000 | PA      | $327873.66    | 0.11%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MT70<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    170000 | PA      | $182544.64    | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643UD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $291875.75    | 0.10%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BUE5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108954.18    | 0.04%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                               | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235R23<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    640000 | PA      | $692867.65    | 0.23%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QEW6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    215000 | PA      | $236708.27    | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RSX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201488.52    | 0.07%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DEH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $415138.69    | 0.14%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 414005YB8<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131982.60    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Sanitation Districts Financing Authority                     | LOS ANGELES CNTY CA SANTN DISTS FING AUTH                    | CUSIP: 545149KD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $328818.36    | 0.11%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227SA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68287.32     | 0.02%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CK38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $367544.68    | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 591745X82<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    390000 | PA      | $426553.96    | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C6A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85216.18     | 0.03%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                             | RICHMOND VA                                                  | CUSIP: 76541VSZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119360.51    | 0.04%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PJS0<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    115000 | PA      | $125452.18    | 0.04%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034ARZ5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     75000 | PA      | $82963.77     | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 5426907Z9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    195000 | PA      | $214107.95    | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Transportation Board                                                    | ARIZONA ST TRANSPRTN BRD                                     | CUSIP: 040647EK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $469309.65    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                                              | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867JV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $250943.71    | 0.08%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492QS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $449935.32    | 0.15%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                             | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688KU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163484.79    | 0.06%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                          | FREDERICK CNTY MD                                            | CUSIP: 35569PJQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162334.80    | 0.05%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                                               | BOSTON MA                                                    | CUSIP: 100853WK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63271.00     | 0.02%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $270076.19    | 0.09%             | 2026-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723Z44<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    155000 | PA      | $169458.88    | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DGB9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    340000 | PA      | $370025.94    | 0.13%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077C4A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $251599.16    | 0.09%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA                                                            | HENRICO CNTY VA                                              | CUSIP: 426056R58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109752.89    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385GM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $658304.58    | 0.22%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417016D3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    305000 | PA      | $334370.40    | 0.11%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                          | FREDERICK CNTY MD                                            | CUSIP: 35569PJZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10957.57     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412G3G8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $186210.78    | 0.06%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZN7<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    200000 | PA      | $217801.58    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bucks PA                                                              | BUCKS CNTY PA                                                | CUSIP: 118565XV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273143.65    | 0.09%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                        | MAINE ST TURNPIKE AUTH                                       | CUSIP: 560551QH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $644750.64    | 0.22%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                            | CHARLES CNTY MD                                              | CUSIP: 159808QR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110208.37    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465P2L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $180912.95    | 0.06%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BZU4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71017.35     | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687RQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114780.02    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                     | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609FE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $143025.13    | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GP66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79336.19     | 0.03%             | 2026-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430MX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164098.41    | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609B7L5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1157518.89   | 0.39%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AFC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $162581.69    | 0.06%             | 2027-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $171472.11    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464153T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $279894.89    | 0.09%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WWY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $666470.51    | 0.23%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356ES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $373795.58    | 0.13%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558PM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $308584.95    | 0.10%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168CY8<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |    250000 | PA      | $270960.20    | 0.09%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 61334PBC6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     80000 | PA      | $88349.54     | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                               | PLANO TX INDEP SCH DIST                                      | CUSIP: 727199XK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162446.07    | 0.05%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escondido Union High School District                                            | ESCONDIDO CA UNION HIGH SCH DIST                             | CUSIP: 296353KR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $45669.17     | 0.02%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MA74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109141.78    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Highway & Transportation Commission                                    | MISSOURI ST HIGHWAY & TRANSPRTN COMMISSION STATE ROAD REVENU | CUSIP: 60636WRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $555206.40    | 0.19%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami University/Oxford OH                                                      | MIAMI UNIV OH                                                | CUSIP: 593791KA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109184.66    | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525TV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $477634.43    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854ZU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135647.56    | 0.05%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051YE0<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103924.42    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC                                                              | RALEIGH NC                                                   | CUSIP: 751091SM2<br>LEI: 549300I7RPBIIRI16112 | Long             | DBT              | MUN               | US        |    355000 | PA      | $390430.46    | 0.13%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183R25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218939.24    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063D3J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $256274.32    | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                                              | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867LM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $405500.13    | 0.14%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DZG3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109363.62    | 0.04%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Spokane WA                                                              | SPOKANE WA                                                   | CUSIP: 849067V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $176568.56    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | UNIV OF MASSACHUSETTS MA BLDG AUTH REVENUE                   | CUSIP: 914437TL2<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |    175000 | PA      | $190454.53    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TEL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $196359.93    | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227RL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $239459.15    | 0.08%             | 2026-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701H23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $327632.25    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                      | RHODE ISLAND COMMERCE CORP REVENUE                           | CUSIP: 762232AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135263.74    | 0.05%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AFY6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    365000 | PA      | $397013.57    | 0.13%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA Public Utility Revenue                                      | RICHMOND VA PUBLIC UTILITY REVENUE                           | CUSIP: 765433KE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $281185.27    | 0.10%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CBR3<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1156541.07   | 0.39%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HLM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131362.66    | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RHG4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131465.15    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172E68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123193.97    | 0.04%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Chester PA                                                            | CHESTER CNTY PA                                              | CUSIP: 165573G67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $281965.46    | 0.10%             | 2027-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue     | MASSACHUSETTS ST DEPT OF TRANSPRTN MET HIGHWAY SYS REVENUE   | CUSIP: 57563CDE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $178150.71    | 0.06%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AJP6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    235000 | PA      | $256606.44    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381KR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108117.43    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AFX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $328218.51    | 0.11%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $928378.94    | 0.31%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RF46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114643.89    | 0.04%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $364254.65    | 0.12%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                    | LONG BEACH CA ARPT REVENUE                                   | CUSIP: 542403CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $381221.93    | 0.13%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367Q8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    345000 | PA      | $371240.98    | 0.13%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841RN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $213596.99    | 0.07%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BM7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    295000 | PA      | $320507.74    | 0.11%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                                                | SAN DIEGO CNTY CA WTR AUTH                                   | CUSIP: 797412CD3<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106630.71    | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852Z50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1023301.32   | 0.35%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112UR5<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    180000 | PA      | $194293.26    | 0.07%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051PL4<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219151.46    | 0.07%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792XK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107940.70    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Cary NC                                                                 | CARY NC                                                      | CUSIP: 147051YD2<br>LEI: 5493005EXXSJNCUZX878 | Long             | DBT              | MUN               | US        |    170000 | PA      | $186966.70    | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966L4K4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    180000 | PA      | $193769.30    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 3411505V8<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    160000 | PA      | $175345.63    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579ZA8<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    450000 | PA      | $479187.23    | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii State Highway Fund                                              | HAWAII ST HIGHWAY REVENUE                                    | CUSIP: 41981CNQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $140131.80    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174WF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $218910.61    | 0.07%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845PN4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38481.94     | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Williamson TN                                                         | WILLIAMSON CNTY TN                                           | CUSIP: 969872MR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $130559.80    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446465P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $691953.19    | 0.23%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C4Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $884577.15    | 0.30%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer