# EDGAR Filing Document

**Accession Number:** 0000883412
**File Stem:** 0001410368-25-043443
**Filing Date:** 2025-12
**Character Count:** 196636
**Document Hash:** 82a3a22b4afb74cd1222eb489bba914b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043443.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043443

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNIYIELD QUALITY FUND III, INC.
- **CENTRAL INDEX KEY:** 0000883412

**ORGANIZATION NAME:**
- **EIN:** 223165131
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06540
- **FILM NUMBER:** 251606853

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK MUNIYIELD QUALITY FUND III, INC
- **DATE OF NAME CHANGE:** 20101109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK MUNIYIELD INSURED FUND, INC
- **DATE OF NAME CHANGE:** 20070612

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNIYIELD INSURED FUND INC
- **DATE OF NAME CHANGE:** 19920717

## Nport-Ex

October 31, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

**BlackRock MuniYield Quality Fund III, Inc. (MYI)**<br>

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

**(Percentages shown are based on Net Assets)**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 6.5%** | **Alabama — 6.5%** |  |
| Black Belt Energy Gas District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/56 | $3540 | &nbsp;&nbsp; $3688603 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 03/01/55 | 15340 | &nbsp;&nbsp; 16633852 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, <br> Refunding RB, 5.25%, 10/01/49<br>| 6955 | &nbsp;&nbsp; 7249695 |
| &nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, RB, <br> Series B-1, 5.75%, 04/01/54<sup>(a)</sup><br>| 3960 | &nbsp;&nbsp; 4450348 |
| &nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Refunding RB, <br> Series B, 5.00%, 06/01/49<sup>(a)</sup><br>| 6575 | &nbsp;&nbsp; 7121514 |
| Southeast Energy Authority A Cooperative District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/56 | 2620 | &nbsp;&nbsp; 2804748 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/54 | 9000 | &nbsp;&nbsp; 9596083 |
|  |  | &nbsp;&nbsp; 51544843 |
| **Arizona — 2.1%** | **Arizona — 2.1%** |  |
| Arizona Industrial Development Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/01/39 | 810 | &nbsp;&nbsp; 736798 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/54 | 945 | &nbsp;&nbsp; 813769 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/49 | 1675 | &nbsp;&nbsp; 1520922 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/54 | 1290 | &nbsp;&nbsp; 1147754 |
| &nbsp;&nbsp;&nbsp; City of Phoenix Civic Improvement Corp., ARB, Junior <br> Lien, 5.00%, 07/01/49<br>| 2060 | &nbsp;&nbsp; 2110407 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the County of Pima, <br> Refunding RB, 5.00%, 06/15/52<sup>(b)</sup><br>| 1620 | &nbsp;&nbsp; 1475371 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, <br> Refunding RB, 5.00%, 07/01/54<sup>(b)</sup><br>| 855 | &nbsp;&nbsp; 814119 |
| &nbsp;&nbsp;&nbsp; Salt River Project Agricultural Improvement & Power <br> District, RB, Series A, 5.00%, 01/01/47<br>| 5000 | &nbsp;&nbsp; 5255962 |
| &nbsp;&nbsp;&nbsp; Sierra Vista Industrial Development Authority, RB, <br> 5.75%, 06/15/53<sup>(b)</sup><br>| 2500 | &nbsp;&nbsp; 2516686 |
|  |  | &nbsp;&nbsp; 16391788 |
| **Arkansas — 0.2%** | **Arkansas — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Arkansas Development Finance Authority, RB, AMT, <br> Sustainability Bonds, 5.70%, 05/01/53<br>| 1430 | &nbsp;&nbsp; 1459551 |
| **California — 12.5%** | **California — 12.5%** |  |
| California Community Choice Financing Authority, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.00%, 07/01/53 | 2900 | &nbsp;&nbsp; 3067033 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.50%, 10/01/54 | 4935 | &nbsp;&nbsp; 5428366 |
| &nbsp;&nbsp;&nbsp; Class B, Sustainability Bonds, 5.00%, 03/01/56 | 2130 | &nbsp;&nbsp; 2337991 |
| &nbsp;&nbsp;&nbsp; Series G, Sustainability Bonds, 5.00%, 11/01/55 | 6125 | &nbsp;&nbsp; 6542769 |
| &nbsp;&nbsp;&nbsp; California Enterprise Development Authority, RB, 8.00%, <br> 11/15/62<sup>(b)</sup><br>| 1250 | &nbsp;&nbsp; 1240304 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, Series A, Class B, AMT, Sustainability <br> Bonds, 9.50%, 01/01/65<sup>(a)(b)</sup><br>| 3900 | &nbsp;&nbsp; 3120000 |
| &nbsp;&nbsp;&nbsp; California State University, Refunding RB, Series A, <br> 4.63%, 11/01/56<br>| 7040 | &nbsp;&nbsp; 7208417 |
| Central Valley Energy Authority, RB, 5.00%, 12/01/55<sup>(a)</sup> | 1630 | &nbsp;&nbsp; 1802971 |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, Refunding <br> ARB, Series A, AMT, Sustainability Bonds, 5.50%, <br> 05/15/55<br>| 3485 | &nbsp;&nbsp; 3749097 |
| &nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB, M/F <br> Housing, Sustainability Bonds, 5.00%, 09/01/37<sup>(b)</sup><br>| 255 | &nbsp;&nbsp; 259149 |
| &nbsp;&nbsp;&nbsp; Grossmont Union High School District, GO, Election <br> 2004, 0.00%, 08/01/31<sup>(c)</sup><br>| 5110 | &nbsp;&nbsp; 4336347 |
| &nbsp;&nbsp;&nbsp; Long Beach Unified School District, GO, Series B, <br> Election 2008, 0.00%, 08/01/34<sup>(c)</sup><br>| 5000 | &nbsp;&nbsp; 3862360 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **California (continued)** | **California (continued)** |  |
| &nbsp;&nbsp;&nbsp; Mt San Antonio Community College District, Refunding <br> GO, CAB, Series A, Convertible, Election 2008, <br> 6.25%, 08/01/43<sup>(d)</sup><br>| 3975 | &nbsp;&nbsp; $4009088 |
| &nbsp;&nbsp;&nbsp; Norwalk-La Mirada Unified School District, Refunding <br> GO, Series E, Election 2002, (AGM), 0.00%, <br> 08/01/38<sup>(c)</sup><br>| 7620 | &nbsp;&nbsp; 4606138 |
| Poway Unified School District, Refunding GO<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/35 | 7820 | &nbsp;&nbsp; 5824111 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/36 | 10000 | &nbsp;&nbsp; 7113903 |
| Rio Hondo Community College District, GO<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, Election 2004, 0.00%, 08/01/37 | 8000 | &nbsp;&nbsp; 5359380 |
| &nbsp;&nbsp;&nbsp; Series C, Election 2004, 0.00%, 08/01/38 | 12940 | &nbsp;&nbsp; 8236416 |
| &nbsp;&nbsp;&nbsp; San Diego Unified School District, Refunding GO, CAB, <br> Series R-1, 0.00%, 07/01/31<sup>(c)</sup><br>| 3485 | &nbsp;&nbsp; 2971638 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Airport Comm-San <br> Francisco International Airport, Refunding ARB, <br> Series A, AMT, 5.00%, 05/01/44<br>| 14215 | &nbsp;&nbsp; 14500026 |
| &nbsp;&nbsp;&nbsp; State of California, GO, Series 2007-2, (NPFGC-IBC), <br> 5.50%, 04/01/30<br>| 10 | &nbsp;&nbsp; 10020 |
| &nbsp;&nbsp;&nbsp; Walnut Valley Unified School District, GO, Series B, <br> Election 2007, 0.00%, 08/01/36<sup>(c)</sup><br>| 6545 | &nbsp;&nbsp; 4371483 |
|  |  | &nbsp;&nbsp; 99957007 |
| **Colorado — 1.6%** | **Colorado — 1.6%** |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System <br> Revenue, Refunding ARB, Series D, AMT, 5.75%, <br> 11/15/37<br>| 5000 | &nbsp;&nbsp; 5681119 |
| Colorado Health Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/42 | 2500 | &nbsp;&nbsp; 2620439 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/01/52 | 2750 | &nbsp;&nbsp; 2838599 |
| &nbsp;&nbsp;&nbsp; Denver Convention Center Hotel Authority, Refunding <br> RB, 5.00%, 12/01/40<br>| 1605 | &nbsp;&nbsp; 1611210 |
|  |  | &nbsp;&nbsp; 12751367 |
| **Connecticut — 0.3%** | **Connecticut — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut Housing Finance Authority, Refunding RB, <br> S/F Housing, Series D, Sustainability Bonds, 6.25%, <br> 05/15/54<br>| 2485 | &nbsp;&nbsp; 2689083 |
| **District of Columbia — 0.9%** | **District of Columbia — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 10/01/49 | 1430 | &nbsp;&nbsp; 1498801 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.50%, 10/01/55 | 3680 | &nbsp;&nbsp; 3964524 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority <br> Dedicated Revenue, RB, Series A, Sustainability <br> Bonds, 4.13%, 07/15/47<br>| 1890 | &nbsp;&nbsp; 1816154 |
|  |  | &nbsp;&nbsp; 7279479 |
| **Florida — 10.6%** | **Florida — 10.6%** |  |
| Capital Trust Agency, Inc., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/55 | 1640 | &nbsp;&nbsp; 1390021 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/55 | 1475 | &nbsp;&nbsp; 1197090 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 06/01/57 | 500 | &nbsp;&nbsp; 435907 |
| &nbsp;&nbsp;&nbsp; City of Fort Lauderdale Florida Water & Sewer Revenue, <br> RB, Series B, 5.50%, 09/01/48<br>| 4315 | &nbsp;&nbsp; 4714580 |
| &nbsp;&nbsp;&nbsp; City of Lakeland Florida Department of Electric Utilities, <br> Refunding RB, 4.25%, 10/01/48<br>| 5000 | &nbsp;&nbsp; 4915775 |
| City of Tampa Florida, RB, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 09/01/40 | 2290 | &nbsp;&nbsp; 1203532 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 09/01/42 | 1150 | &nbsp;&nbsp; 530185 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 09/01/45 | 2000 | &nbsp;&nbsp; 761868 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| &nbsp;&nbsp;&nbsp; County of Broward Florida Water & Sewer Utility <br> Revenue, RB, Series A, 4.00%, 10/01/47<br>| 5000 | &nbsp;&nbsp; $4815069 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue, <br> Refunding ARB, Series A, AMT, 5.50%, 10/01/55<br>| 7500 | &nbsp;&nbsp; 7958846 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue, <br> Refunding RB, Series B, AMT, 5.00%, 10/01/40<br>| 6430 | &nbsp;&nbsp; 6505861 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Seaport Department, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 10/01/52 | 5980 | &nbsp;&nbsp; 6109595 |
| &nbsp;&nbsp;&nbsp; Series B-2, AMT, Subordinate, 4.00%, 10/01/50 | 3500 | &nbsp;&nbsp; 3117890 |
| County of Pasco Florida, RB |  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 09/01/48 | 7645 | &nbsp;&nbsp; 7893472 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.75%, 09/01/54 | 1400 | &nbsp;&nbsp; 1504938 |
| &nbsp;&nbsp;&nbsp; East Central Regional Wastewater Treatment Facilities <br> Operation Board, Refunding RB, 5.00%, 10/01/44<br>| 13925 | &nbsp;&nbsp; 14160005 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., RB, AMT, 5.00%, <br> 05/01/29<sup>(b)(e)(f)</sup><br>| 1500 | &nbsp;&nbsp; 1514916 |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation Authority, ARB, Series A, AMT, <br> 5.00%, 10/01/34<br>| 5060 | &nbsp;&nbsp; 5357859 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Industrial Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 11/15/49 | 715 | &nbsp;&nbsp; 763117 |
| &nbsp;&nbsp;&nbsp; Series C, 4.13%, 11/15/51 | 2950 | &nbsp;&nbsp; 2757700 |
| &nbsp;&nbsp;&nbsp; Kindred Community Development District II, SAB, <br> 5.88%, 05/01/54<br>| 500 | &nbsp;&nbsp; 517726 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, 6.30%, <br> 05/01/54<br>| 705 | &nbsp;&nbsp; 743875 |
| &nbsp;&nbsp;&nbsp; Parker Road Community Development District, <br> Refunding SAB, 3.88%, 05/01/40<br>| 900 | &nbsp;&nbsp; 786896 |
| Seminole Improvement District, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/32 | 230 | &nbsp;&nbsp; 239043 |
| &nbsp;&nbsp;&nbsp; 5.30%, 10/01/37 | 260 | &nbsp;&nbsp; 271791 |
| &nbsp;&nbsp;&nbsp; Viera Stewardship District, SAB, Series 2023, 5.50%, <br> 05/01/54<br>| 790 | &nbsp;&nbsp; 797446 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 14, SAB, <br> 5.50%, 05/01/53<br>| 1625 | &nbsp;&nbsp; 1654350 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SAB, <br> 5.25%, 05/01/54<sup>(b)</sup><br>| 710 | &nbsp;&nbsp; 712158 |
| &nbsp;&nbsp;&nbsp; Westside Community Development District, Refunding <br> SAB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 05/01/37 | 640 | &nbsp;&nbsp; 627581 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/01/38 | 630 | &nbsp;&nbsp; 610768 |
|  |  | &nbsp;&nbsp; 84569860 |
| **Georgia — 1.7%** | **Georgia — 1.7%** |  |
| &nbsp;&nbsp;&nbsp; East Point Business & Industrial Development Authority, <br> RB, Series A, 5.25%, 06/15/62<sup>(b)</sup><br>| 630 | &nbsp;&nbsp; 413341 |
| Main Street Natural Gas, Inc., RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/53 | 4195 | &nbsp;&nbsp; 4447312 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/53 | 2915 | &nbsp;&nbsp; 3124098 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 09/01/53 | 2445 | &nbsp;&nbsp; 2615690 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., Refunding RB, <br> Series E-1, 5.00%, 12/01/53<sup>(a)</sup><br>| 3000 | &nbsp;&nbsp; 3230663 |
|  |  | &nbsp;&nbsp; 13831104 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Hawaii — 0.5%** | **Hawaii — 0.5%** |  |
| State of Hawaii Airports System Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 08/01/27 | $2000 | &nbsp;&nbsp; $2001727 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 08/01/28 | 1775 | &nbsp;&nbsp; 1776638 |
|  |  | &nbsp;&nbsp; 3778365 |
| **Idaho — 1.1%** | **Idaho — 1.1%** |  |
| &nbsp;&nbsp;&nbsp; Idaho Health Facilities Authority, Refunding RB, 4.38%, <br> 03/01/53<br>| 960 | &nbsp;&nbsp; 918758 |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association, RB, Series A, <br> 5.25%, 08/15/48<br>| 6955 | &nbsp;&nbsp; 7496016 |
|  |  | &nbsp;&nbsp; 8414774 |
| **Illinois — 9.2%** | **Illinois — 9.2%** |  |
| Chicago Board of Education, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/40 | 1270 | &nbsp;&nbsp; 1228264 |
| &nbsp;&nbsp;&nbsp; Series A, 6.25%, 12/01/50 | 305 | &nbsp;&nbsp; 318833 |
| Chicago Board of Education, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/36 | 1300 | &nbsp;&nbsp; 1295129 |
| &nbsp;&nbsp;&nbsp; Series B, 12/01/43<sup>(g)</sup> | 1410 | &nbsp;&nbsp; 1469803 |
| Chicago O'Hare International Airport, Refunding ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, Senior Lien, 5.00%, 01/01/48 | 4250 | &nbsp;&nbsp; 4263986 |
| &nbsp;&nbsp;&nbsp; Series B, Senior Lien, 5.50%, 01/01/59 | 3990 | &nbsp;&nbsp; 4287154 |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, RB, <br> 2nd Lien, (AGM-CR), 5.00%, 12/01/46<br>| 4565 | &nbsp;&nbsp; 4594596 |
| &nbsp;&nbsp;&nbsp; Illinois Housing Development Authority, RB, S/F <br> Housing, Series N, Sustainability Bonds, (FHLMC, <br> FNMA, GNMA), 6.25%, 04/01/54<br>| 2485 | &nbsp;&nbsp; 2702237 |
| Metropolitan Pier & Exposition Authority, RB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (NPFGC), 0.00%, 12/15/33 | 20000 | &nbsp;&nbsp; 15026804 |
| &nbsp;&nbsp;&nbsp; Series A, (NPFGC), 0.00%, 12/15/34 | 41880 | &nbsp;&nbsp; 30113919 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, Refunding RB, <br> Series B, (AGM), 0.00%, 06/15/44<sup>(c)</sup><br>| 9430 | &nbsp;&nbsp; 4041855 |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 05/01/43 | 1640 | &nbsp;&nbsp; 1726221 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 09/01/43 | 2480 | &nbsp;&nbsp; 2591341 |
|  |  | &nbsp;&nbsp; 73660142 |
| **Indiana — 1.6%** | **Indiana — 1.6%** |  |
| &nbsp;&nbsp;&nbsp; Avon Community School Building Corp., RB, (ST <br> INTERCEPT), 5.50%, 01/15/43<br>| 1500 | &nbsp;&nbsp; 1639241 |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, RB, Series A, 1st Lien, <br> Sustainability Bonds, 4.00%, 10/01/51<br>| 2025 | &nbsp;&nbsp; 1850692 |
| Indiana Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/50 | 2180 | &nbsp;&nbsp; 2360662 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/01/46 | 2110 | &nbsp;&nbsp; 2276424 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/01/47 | 730 | &nbsp;&nbsp; 785436 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, <br> Refunding ARB, Series B1, 5.25%, 01/01/55<br>| 3315 | &nbsp;&nbsp; 3495777 |
|  |  | &nbsp;&nbsp; 12408232 |
| **Kansas — 0.9%** | **Kansas — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Kansas Development Finance Authority, RB, Series A, <br> 4.13%, 05/01/41<br>| 6985 | &nbsp;&nbsp; 7041206 |
| **Kentucky — 3.6%** | **Kentucky — 3.6%** |  |
| &nbsp;&nbsp;&nbsp; City of Henderson Kentucky, RB, Series A, AMT, 4.70%, <br> 01/01/52<sup>(b)</sup><br>| 475 | &nbsp;&nbsp; 449096 |
| Kentucky Public Energy Authority, Refunding RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.25%, 04/01/54 | 11055 | &nbsp;&nbsp; 12189421 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Kentucky (continued)** | **Kentucky (continued)** |  |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority, Refunding <br> RB<sup>(a)</sup> (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/55 | 6320 | &nbsp;&nbsp; $6864997 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Transportation Infrastructure Authority, <br> RB, CAB, Convertible, 6.60%, 07/01/39<sup>(d)</sup><br>| 8225 | &nbsp;&nbsp; 9467862 |
|  |  | &nbsp;&nbsp; 28971376 |
| **Louisiana — 1.4%** | **Louisiana — 1.4%** |  |
| Louisiana Public Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/53 | 4010 | &nbsp;&nbsp; 4005754 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 09/01/66 | 5000 | &nbsp;&nbsp; 4796817 |
| &nbsp;&nbsp;&nbsp; Parish of East Baton Rouge Capital Improvements <br> District, RB, 5.00%, 08/01/46<br>| 2020 | &nbsp;&nbsp; 2133134 |
|  |  | &nbsp;&nbsp; 10935705 |
| **Maryland — 0.2%** | **Maryland — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities <br> Authority, Refunding RB, 5.25%, 07/01/50<br>| 1500 | &nbsp;&nbsp; 1563042 |
| **Massachusetts — 1.8%** | **Massachusetts — 1.8%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series D, <br> 5.00%, 10/01/50<br>| 5000 | &nbsp;&nbsp; 5235166 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, RB, <br> Series A, 5.00%, 01/01/47<br>| 8480 | &nbsp;&nbsp; 8250214 |
| &nbsp;&nbsp;&nbsp; Massachusetts Housing Finance Agency, Refunding RB, <br> Series A, AMT, 4.45%, 12/01/42<br>| 1080 | &nbsp;&nbsp; 1044858 |
|  |  | &nbsp;&nbsp; 14530238 |
| **Michigan — 4.1%** | **Michigan — 4.1%** |  |
| &nbsp;&nbsp;&nbsp; Great Lakes Water Authority Water Supply System <br> Revenue, RB, Series D, 2nd Lien, 5.50%, 07/01/55<br>| 11740 | &nbsp;&nbsp; 12704772 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, RB, Sustainability Bonds, <br> 5.50%, 02/28/57<br>| 2815 | &nbsp;&nbsp; 2949867 |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, M/F <br> Housing, Series A, 5.00%, 10/01/48<br>| 8405 | &nbsp;&nbsp; 8644201 |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, S/F <br> Housing, Series D, Sustainability Bonds, 5.50%, <br> 06/01/53<br>| 4150 | &nbsp;&nbsp; 4365014 |
| &nbsp;&nbsp;&nbsp; Michigan Strategic Fund, RB, AMT, (AGM), 4.25%, <br> 12/31/38<br>| 2000 | &nbsp;&nbsp; 2001228 |
| &nbsp;&nbsp;&nbsp; State of Michigan Trunk Line Revenue, RB, 4.00%, <br> 11/15/46<br>| 2500 | &nbsp;&nbsp; 2366643 |
|  |  | &nbsp;&nbsp; 33031725 |
| **Minnesota — 0.3%** | **Minnesota — 0.3%** |  |
| &nbsp;&nbsp;&nbsp; Minnesota Housing Finance Agency, RB, S/F Housing, <br> Series M, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 6.00%, 01/01/53<br>| 2590 | &nbsp;&nbsp; 2746546 |
| **Missouri — 1.4%** | **Missouri — 1.4%** |  |
| &nbsp;&nbsp;&nbsp; Health & Educational Facilities Authority of the State of <br> Missouri, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 04/01/45 | 4840 | &nbsp;&nbsp; 4545907 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 04/01/55 | 2435 | &nbsp;&nbsp; 2302409 |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development Commission, RB, S/F <br> Housing, Series C, (FHLMC, FNMA, GNMA), 4.70%, <br> 11/01/54<br>| 4560 | &nbsp;&nbsp; 4500780 |
|  |  | &nbsp;&nbsp; 11349096 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Nebraska — 0.7%** | **Nebraska — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Nebraska Investment Finance Authority, RB, S/F <br> Housing, Series E, Sustainability Bonds, (FHLMC, <br> FNMA, GNMA), 4.70%, 09/01/49<br>| $5835 | &nbsp;&nbsp; $5928337 |
| **Nevada — 0.4%** | **Nevada — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; City of Las Vegas Nevada Special Improvement District <br> No. 814, SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/39 | 360 | &nbsp;&nbsp; 345899 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/44 | 965 | &nbsp;&nbsp; 850656 |
| Tahoe-Douglas Visitors Authority, RB, 5.00%, 07/01/51 | 1610 | &nbsp;&nbsp; 1603357 |
|  |  | &nbsp;&nbsp; 2799912 |
| **New Hampshire — 2.6%** | **New Hampshire — 2.6%** |  |
| New Hampshire Business Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A1, 4.09%, 01/20/41<sup>(a)</sup> | 1194 | &nbsp;&nbsp; 1189450 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 5.50%, 06/01/55 | 6995 | &nbsp;&nbsp; 7358525 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, RB, M/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1st Series, Class B, 5.75%, 04/28/42 | 1825 | &nbsp;&nbsp; 1905227 |
| &nbsp;&nbsp;&nbsp; Series 2025, Subordinate, 5.15%, 09/28/37 | 2830 | &nbsp;&nbsp; 2862610 |
| &nbsp;&nbsp;&nbsp; Class A-1, Sustainability Bonds, 0.00%, 11/20/42<sup>(a)</sup> | 7233 | &nbsp;&nbsp; 7109238 |
|  |  | &nbsp;&nbsp; 20425050 |
| **New Jersey — 7.4%** | **New Jersey — 7.4%** |  |
| New Jersey Economic Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.13%, 01/01/34 | 1930 | &nbsp;&nbsp; 1933287 |
| &nbsp;&nbsp;&nbsp; AMT, 5.38%, 01/01/43 | 4920 | &nbsp;&nbsp; 4924402 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, <br> Refunding RB, Series N-1, (NPFGC), 5.50%, <br> 09/01/28<br>| 1685 | &nbsp;&nbsp; 1816270 |
| &nbsp;&nbsp;&nbsp; New Jersey Housing & Mortgage Finance Agency, RB, <br> S/F Housing, Series M, Sustainability Bonds, 5.10%, <br> 10/01/50<br>| 4105 | &nbsp;&nbsp; 4232508 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series BB, 5.00%, 06/15/46 | 5825 | &nbsp;&nbsp; 6115740 |
| &nbsp;&nbsp;&nbsp; Series C, (AG-CR AMBAC), 0.00%, 12/15/25<sup>(c)</sup> | 8550 | &nbsp;&nbsp; 8520609 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, RB, <br> CAB, Series A, 0.00%, 12/15/35<sup>(c)</sup><br>| 10000 | &nbsp;&nbsp; 7045387 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, <br> Refunding RB, Series A, 4.25%, 06/15/40<br>| 10945 | &nbsp;&nbsp; 11195138 |
| &nbsp;&nbsp;&nbsp; New Jersey Turnpike Authority, RB, Series A, 5.25%, <br> 01/01/55<br>| 3560 | &nbsp;&nbsp; 3828205 |
| Tobacco Settlement Financing Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/46 | 3310 | &nbsp;&nbsp; 3274342 |
| &nbsp;&nbsp;&nbsp; Sub-Series B, 5.00%, 06/01/46 | 6195 | &nbsp;&nbsp; 6031687 |
|  |  | &nbsp;&nbsp; 58917575 |
| **New Mexico — 0.1%** | **New Mexico — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; City of Santa Fe New Mexico, RB, Series A, 5.00%, <br> 05/15/44<br>| 425 | &nbsp;&nbsp; 412731 |
| **New York — 9.6%** | **New York — 9.6%** |  |
| City of New York, GO, Series G-1, 5.25%, 02/01/53 | 660 | &nbsp;&nbsp; 703315 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Refunding RB, <br> Series A-1, Sustainability Bonds, 5.25%, 11/15/57<br>| 3050 | &nbsp;&nbsp; 3072070 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, RB, <br> Series BB, 5.25%, 06/15/55<br>| 1700 | &nbsp;&nbsp; 1820232 |
| &nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority, <br> Refunding RB, Series DD, 4.13%, 06/15/47<br>| 4650 | &nbsp;&nbsp; 4518124 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** |  |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Series C-1, Subordinate, <br> 4.00%, 02/01/43<br>| 20 | &nbsp;&nbsp; $19406 |
| &nbsp;&nbsp;&nbsp; New York Liberty Development Corp., Refunding RB, <br> Series A, Sustainability Bonds, (BAM-TCRS), 3.00%, <br> 11/15/51<br>| 7430 | &nbsp;&nbsp; 5457306 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series E, 4.00%, 03/15/46<br>| 1825 | &nbsp;&nbsp; 1733319 |
| New York Transportation Development Corp., ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.63%, 04/01/40 | 1555 | &nbsp;&nbsp; 1632818 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 01/01/50 | 2360 | &nbsp;&nbsp; 2359959 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, (AGM), 6.00%, 06/30/60 | 3360 | &nbsp;&nbsp; 3631837 |
| New York Transportation Development Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 10/01/35 | 3275 | &nbsp;&nbsp; 3425890 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, (AGM), 5.25%, 06/30/60 | 6800 | &nbsp;&nbsp; 6922276 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 5.50%, 06/30/60 | 3950 | &nbsp;&nbsp; 4032834 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Refunding <br> RB, Series A, AMT, Sustainability Bonds, (AGM), <br> 5.25%, 12/31/54<br>| 5205 | &nbsp;&nbsp; 5359522 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, ARB, AMT, <br> 4.00%, 09/01/43<br>| 3000 | &nbsp;&nbsp; 2812057 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, Refunding RB, <br> Series 226, AMT, 5.00%, 10/15/39<br>| 2500 | &nbsp;&nbsp; 2637096 |
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 05/15/48 | 10090 | &nbsp;&nbsp; 9494704 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/15/52 | 1325 | &nbsp;&nbsp; 1399236 |
| Triborough Bridge & Tunnel Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.25%, 12/01/48 | 5125 | &nbsp;&nbsp; 5463369 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.00%, 11/15/54 | 3765 | &nbsp;&nbsp; 3465883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D-2, Senior Lien, Sustainability Bonds, 5.50%, <br> 05/15/52<br>| 6500 | &nbsp;&nbsp; 6961841 |
|  |  | &nbsp;&nbsp; 76923094 |
| **North Dakota — 1.2%** | **North Dakota — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; North Dakota Housing Finance Agency, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 4.70%, 07/01/49 | 3030 | &nbsp;&nbsp; 3058179 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 4.75%, 07/01/49 | 6245 | &nbsp;&nbsp; 6328447 |
|  |  | &nbsp;&nbsp; 9386626 |
| **Ohio — 1.3%** | **Ohio — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, <br> Refunding RB, Series B-2, Class 2, 5.00%, 06/01/55<br>| 6615 | &nbsp;&nbsp; 5543629 |
| County of Franklin Ohio, RB, Series A, 5.00%, 12/01/47 | 4500 | &nbsp;&nbsp; 4533114 |
|  |  | &nbsp;&nbsp; 10076743 |
| **Oklahoma — 0.7%** | **Oklahoma — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma Municipal Power Authority, Refunding RB, <br> Series A, (AGM), 5.25%, 01/01/56<br>| 3760 | &nbsp;&nbsp; 4003972 |
| &nbsp;&nbsp;&nbsp; Tulsa Municipal Airport Trust Trustees, Refunding ARB, <br> AMT, 6.25%, 12/01/35<br>| 1600 | &nbsp;&nbsp; 1845118 |
|  |  | &nbsp;&nbsp; 5849090 |
| **Oregon — 0.7%** | **Oregon — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 0.00%, 06/15/27<sup>(h)</sup> | 300 | &nbsp;&nbsp; 175529 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Oregon (continued)** | **Oregon (continued)** |  |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 12 North <br> Clackamas, GO, CAB<sup>(c)</sup> (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 0.00%, 06/15/38 | 2500 | &nbsp;&nbsp; $1419929 |
| &nbsp;&nbsp;&nbsp; Port of Portland Oregon Airport Revenue, Refunding <br> ARB, series 29, AMT, Sustainability Bonds, 5.50%, <br> 07/01/53<br>| 3495 | &nbsp;&nbsp; 3695210 |
|  |  | &nbsp;&nbsp; 5290668 |
| **Pennsylvania — 9.4%** | **Pennsylvania — 9.4%** |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Airport Authority, ARB, Series A, AMT, <br> (AGM), 5.50%, 01/01/48<br>| 785 | &nbsp;&nbsp; 827926 |
| &nbsp;&nbsp;&nbsp; Bucks County Industrial Development Authority, RB, <br> 4.00%, 07/01/46<br>| 405 | &nbsp;&nbsp; 356379 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Pennsylvania Water & Wastewater <br> Revenue, RB, Series A, 5.00%, 10/01/47<br>| 3650 | &nbsp;&nbsp; 3702179 |
| &nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority, RB, 5.00%, <br> 11/01/51<br>| 2940 | &nbsp;&nbsp; 2959646 |
| &nbsp;&nbsp;&nbsp; Montgomery County Industrial Development Authority, <br> RB, Series C, 5.00%, 11/15/45<br>| 450 | &nbsp;&nbsp; 450171 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing <br> Authority, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/30/42 | 13560 | &nbsp;&nbsp; 13593255 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 06/30/48 | 1645 | &nbsp;&nbsp; 1715081 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B-1, (AGM), 5.00%, 11/01/51 | 1675 | &nbsp;&nbsp; 1730869 |
| &nbsp;&nbsp;&nbsp; Series B2, 4.38%, 11/01/54 | 4875 | &nbsp;&nbsp; 4478253 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 143A, Sustainability Bonds, 6.25%, 10/01/53 | 8765 | &nbsp;&nbsp; 9502652 |
| &nbsp;&nbsp;&nbsp; Series 148A, Sustainability Bonds, 4.75%, 10/01/50 | 10000 | &nbsp;&nbsp; 10105459 |
| Pennsylvania Turnpike Commission, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 12/01/41 | 4740 | &nbsp;&nbsp; 4776607 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 12/01/54 | 8000 | &nbsp;&nbsp; 8604164 |
| Pennsylvania Turnpike Commission, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 12/01/44 | 1500 | &nbsp;&nbsp; 1615755 |
| &nbsp;&nbsp;&nbsp; Series 2017-3, Subordinate, 5.00%, 12/01/40 | 2330 | &nbsp;&nbsp; 2394928 |
| &nbsp;&nbsp;&nbsp; Philadelphia Authority for Industrial Development, RB, <br> Series A, 4.00%, 07/01/49<br>| 4315 | &nbsp;&nbsp; 4016770 |
| &nbsp;&nbsp;&nbsp; Philadelphia Gas Works Co., Refunding RB, Series A, <br> 5.25%, 08/01/49<br>| 3500 | &nbsp;&nbsp; 3713383 |
|  |  | &nbsp;&nbsp; 74543477 |
| **Puerto Rico — 2.9%** | **Puerto Rico — 2.9%** |  |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 5.00%, 07/01/58 | 3079 | &nbsp;&nbsp; 2990450 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.78%, 07/01/58 | 214 | &nbsp;&nbsp; 201245 |
| &nbsp;&nbsp;&nbsp; Series A-2, Restructured, 4.33%, 07/01/40 | 573 | &nbsp;&nbsp; 555520 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 4.75%, 07/01/53 | 937 | &nbsp;&nbsp; 885935 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 5.00%, 07/01/58 | 14927 | &nbsp;&nbsp; 14497710 |
| &nbsp;&nbsp;&nbsp; Series B-2, Restructured, 4.78%, 07/01/58 | 1261 | &nbsp;&nbsp; 1185840 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax <br> Revenue, RB, CAB, Series A-1, Restructured, 0.00%, <br> 07/01/46<sup>(c)</sup><br>| 7315 | &nbsp;&nbsp; 2545858 |
|  |  | &nbsp;&nbsp; 22862558 |
| **Rhode Island — 0.8%** | **Rhode Island — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Rhode Island Health and Educational Building Corp., <br> RB, 5.00%, 11/01/53<br>| 6170 | &nbsp;&nbsp; 6355603 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **South Carolina — 3.9%** | **South Carolina — 3.9%** |  |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, Refunding RB, <br> Series B-1, 5.25%, 02/01/54<sup>(a)</sup><br>| $7215 | &nbsp;&nbsp; $7847183 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 08/15/62<sup>(b)</sup> | 1290 | &nbsp;&nbsp; 1152201 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/49 | 6655 | &nbsp;&nbsp; 7110169 |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/01/50 | 525 | &nbsp;&nbsp; 559623 |
| South Carolina Public Service Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 12/01/50 | 6455 | &nbsp;&nbsp; 6825411 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 12/01/55 | 3465 | &nbsp;&nbsp; 3616115 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/51 | 2110 | &nbsp;&nbsp; 2153567 |
| &nbsp;&nbsp;&nbsp; South Carolina State Housing Finance & Development <br> Authority, RB, S/F Housing, Series B, 4.60%, <br> 07/01/49<br>| 2240 | &nbsp;&nbsp; 2230070 |
|  |  | &nbsp;&nbsp; 31494339 |
| **South Dakota — 0.4%** | **South Dakota — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; South Dakota Housing Development Authority, <br> Refunding RB, S/F Housing, Series A, (FHLMC, <br> FNMA, GNMA), 4.70%, 05/01/50<br>| 3410 | &nbsp;&nbsp; 3451695 |
| **Tennessee — 0.8%** | **Tennessee — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational Fcilities Board, Refunding RB, <br> 4.00%, 10/01/54<br>| 2410 | &nbsp;&nbsp; 2237049 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson <br> County TN Water & Sewer Revenue, Refunding RB, <br> 5.25%, 07/01/55<br>| 2075 | &nbsp;&nbsp; 2210363 |
| &nbsp;&nbsp;&nbsp; Metropolitan Nashville Airport Authority, ARB, Series B, <br> AMT, 5.50%, 07/01/42<br>| 2000 | &nbsp;&nbsp; 2148796 |
|  |  | &nbsp;&nbsp; 6596208 |
| **Texas — 11.3%** | **Texas — 11.3%** |  |
| Arlington Higher Education Finance Corp., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/62 | 1420 | &nbsp;&nbsp; 710000 |
| &nbsp;&nbsp;&nbsp; 7.88%, 11/01/62 | 1195 | &nbsp;&nbsp; 717000 |
| &nbsp;&nbsp;&nbsp; Celina Independent School District, GO, (PSF), 4.00%, <br> 02/15/53<br>| 4990 | &nbsp;&nbsp; 4674558 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System <br> Revenue, Refunding RB, 5.00%, 11/15/53<br>| 2125 | &nbsp;&nbsp; 2240728 |
| &nbsp;&nbsp;&nbsp; City of Corpus Christi Texas Utility System Revenue, <br> Refunding RB, 4.13%, 07/15/53<br>| 7095 | &nbsp;&nbsp; 6574109 |
| &nbsp;&nbsp;&nbsp; City of El Paso Texas Water & Sewer Revenue, <br> Refunding RB, 5.25%, 03/01/49<br>| 3410 | &nbsp;&nbsp; 3623338 |
| &nbsp;&nbsp;&nbsp; City of Garland Texas Electric Utility System Revenue, <br> Refunding RB, (AGM), 4.25%, 03/01/48<br>| 635 | &nbsp;&nbsp; 619656 |
| City of Houston Texas Airport System Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 6.63%, 07/15/38 | 1295 | &nbsp;&nbsp; 1295025 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.50%, 07/15/36 | 300 | &nbsp;&nbsp; 329773 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.50%, 07/15/37 | 1035 | &nbsp;&nbsp; 1130682 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding ARB, Series A, AMT, Subordinate Lien, <br> 5.50%, 07/01/55<br>| 4815 | &nbsp;&nbsp; 5136924 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding RB, Series A, AMT, 5.00%, 07/01/27<br>| 690 | &nbsp;&nbsp; 703461 |
| City of Houston Texas, GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 03/01/49 | 4715 | &nbsp;&nbsp; 5049828 |
| &nbsp;&nbsp;&nbsp; Series A, 4.13%, 03/01/51 | 2000 | &nbsp;&nbsp; 1855347 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas, Refunding GOL, Series A, <br> 5.25%, 03/01/42<br>| 695 | &nbsp;&nbsp; 752528 |
| City of Hutto Texas, GOL, (BAM), 4.13%, 08/01/49 | 1665 | &nbsp;&nbsp; 1597513 |
| &nbsp;&nbsp;&nbsp; Conroe Independent School District, GO, (PSF), 4.00%, <br> 02/15/50<br>| 5330 | &nbsp;&nbsp; 4993713 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; County of Harris Texas, Refunding GO, Series A, 4.25%, <br> 09/15/48<br>| 1320 | &nbsp;&nbsp; $1309073 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District, Refunding GO, <br> Series A, (PSF), 4.00%, 08/15/49<br>| 6600 | &nbsp;&nbsp; 6214581 |
| &nbsp;&nbsp;&nbsp; Galveston Independent School District, GO, (PSF), <br> 4.00%, 02/01/47<br>| 8075 | &nbsp;&nbsp; 7768085 |
| &nbsp;&nbsp;&nbsp; Midland County Fresh Water Supply District No. 1, RB, <br> CAB, Series A, 0.00%, 09/15/27<sup>(c)(h)</sup><br>| 5810 | &nbsp;&nbsp; 3523580 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 08/15/49 | 4915 | &nbsp;&nbsp; 5393486 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/15/50<sup>(b)</sup> | 1385 | &nbsp;&nbsp; 1177654 |
| Northwest Independent School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; (PSF), 5.00%, 02/15/49 | 7635 | &nbsp;&nbsp; 7972679 |
| &nbsp;&nbsp;&nbsp; (PSF), 5.25%, 02/15/55 | 2280 | &nbsp;&nbsp; 2435806 |
| Tarrant Regional Water District, RB, 4.25%, 09/01/55 | 2230 | &nbsp;&nbsp; 2143579 |
| &nbsp;&nbsp;&nbsp; Texas City Industrial Development Corp., RB, <br> Series 2012, 4.13%, 12/01/45<br>| 820 | &nbsp;&nbsp; 727205 |
| &nbsp;&nbsp;&nbsp; Texas State Technical College, RB, (AGM), 5.50%, <br> 08/01/42<br>| 3335 | &nbsp;&nbsp; 3660659 |
| &nbsp;&nbsp;&nbsp; Waller Consolidated Independent School District, GO, <br> Series A, (PSF), 4.00%, 02/15/48<br>| 2540 | &nbsp;&nbsp; 2431337 |
| &nbsp;&nbsp;&nbsp; Ysleta Independent School District, GO, (PSF), 4.25%, <br> 08/15/56<br>| 3250 | &nbsp;&nbsp; 3132652 |
|  |  | &nbsp;&nbsp; 89894559 |
| **Utah — 3.0%** | **Utah — 3.0%** |  |
| &nbsp;&nbsp;&nbsp; Black Desert Public Infrastructure District, SAB, 5.63%, <br> 12/01/53<sup>(b)</sup><br>| 480 | &nbsp;&nbsp; 484864 |
| City of Salt Lake City Utah Airport Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/43 | 6100 | &nbsp;&nbsp; 6178543 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/48 | 3140 | &nbsp;&nbsp; 3162006 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.25%, 07/01/48 | 5780 | &nbsp;&nbsp; 5866342 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.50%, 07/01/55 | 4685 | &nbsp;&nbsp; 4994473 |
| &nbsp;&nbsp;&nbsp; Downtown Revitalization Public Infrastructure District, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, (AGM), 5.50%, 06/01/55 | 2135 | &nbsp;&nbsp; 2299807 |
| &nbsp;&nbsp;&nbsp; Series B, 2nd Lien, (AGM), 5.50%, 06/01/55 | 760 | &nbsp;&nbsp; 818054 |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, RB, 5.00%, <br> 06/15/39<sup>(b)</sup><br>| 190 | &nbsp;&nbsp; 183297 |
|  |  | &nbsp;&nbsp; 23987386 |
| **Virginia — 0.6%** | **Virginia — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; Henrico County Economic Development Authority, <br> Refunding RB, Series A, 5.00%, 11/01/48<br>| 2180 | &nbsp;&nbsp; 2269604 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series B-1, 5.00%, 06/01/47<br>| 3030 | &nbsp;&nbsp; 2539155 |
|  |  | &nbsp;&nbsp; 4808759 |
| **Washington — 0.8%** | **Washington — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; Port of Seattle Washington, Refunding ARB, AMT, <br> Intermediate Lien, 5.00%, 08/01/47<br>| 4350 | &nbsp;&nbsp; 4478277 |
| &nbsp;&nbsp;&nbsp; Vancouver Housing Authority, RB, M/F Housing, 5.00%, <br> 08/01/40<br>| 1040 | &nbsp;&nbsp; 1074546 |
| &nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority, Refunding <br> RB, Series A, 5.50%, 09/01/55<br>| 630 | &nbsp;&nbsp; 669067 |
|  |  | &nbsp;&nbsp; 6221890 |
| **Wisconsin — 2.2%** | **Wisconsin — 2.2%** |  |
| Public Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, 4.25%, 06/15/31<sup>(b)</sup> | 270 | &nbsp;&nbsp; 257656 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 06/15/41<sup>(b)</sup> | 895 | &nbsp;&nbsp; 798527 |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 06/15/51<sup>(b)</sup> | 590 | &nbsp;&nbsp; 486711 |
| &nbsp;&nbsp;&nbsp; AMT, 5.75%, 12/31/65 | 3850 | &nbsp;&nbsp; 3987620 |
| &nbsp;&nbsp;&nbsp; AMT, 6.50%, 12/31/65 | 2505 | &nbsp;&nbsp; 2751212 |

---

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Wisconsin (continued)** | **Wisconsin (continued)** |  |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Refunding RB, 5.00%, <br> 09/01/49<sup>(b)</sup><br>| 845 | &nbsp;&nbsp; $778272 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, RB, <br> Class A, 5.50%, 02/15/54<br>| 4675 | &nbsp;&nbsp; 4940797 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, <br> Refunding RB, 4.00%, 12/01/51<br>| 3000 | &nbsp;&nbsp; 2620627 |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & Economic Development Authority <br> Home Ownership Revenue, RB, S/F Housing, <br> Series A, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.85%, 09/01/43<br>| 1080 | &nbsp;&nbsp; 1106566 |
|  |  | &nbsp;&nbsp; 17727988 |
| **Total Municipal Bonds — 123.3%** <br>**(Cost: $939,265,008)** | **Total Municipal Bonds — 123.3%** <br>**(Cost: $939,265,008)** | &nbsp;&nbsp; 982858817 |
| **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(i)</sup> |
| **Alabama — 1.5%** | **Alabama — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; Alabama Special Care Facilities Financing Authority-<br> Birmingham Alabama, Refunding RB, Series B, <br> 5.00%, 11/15/46<br>| 11790 | &nbsp;&nbsp; 11805292 |
| **California — 1.3%** | **California — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Los Angeles Unified School District, GO, Series QRR, <br> Sustainability Bonds, 5.25%, 07/01/47<br>| 9750 | &nbsp;&nbsp; 10490320 |
| **District of Columbia — 1.9%** | **District of Columbia — 1.9%** |  |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority <br> Dedicated Revenue, RB, Series A, 2nd Lien, 5.50%, <br> 07/15/60<br>| 13660 | &nbsp;&nbsp; 14849044 |
| **Florida — 3.8%** | **Florida — 3.8%** |  |
| &nbsp;&nbsp;&nbsp; Central Florida Expressway Authority, RB, Series B, <br> Senior Lien, 5.00%, 07/01/49<br>| 14090 | &nbsp;&nbsp; 14393710 |
| City of Tampa Florida, RB, Series A, 5.00%, 11/15/46 | 10500 | &nbsp;&nbsp; 10525133 |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation Authority, ARB, AMT, 5.25%, <br> 10/01/51<br>| 5138 | &nbsp;&nbsp; 5402058 |
|  |  | &nbsp;&nbsp; 30320901 |
| **Illinois — 6.2%** | **Illinois — 6.2%** |  |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Sales Tax Receipts Fund, <br> Refunding RB, Series A, Second Lien, (BAM), 5.00%, <br> 12/01/46<br>| 10000 | &nbsp;&nbsp; 10422590 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Refunding RB, Series A, <br> 5.00%, 07/15/42<br>| 20000 | &nbsp;&nbsp; 20428716 |
| Illinois State Toll Highway Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/44 | 8000 | &nbsp;&nbsp; 8200406 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/46 | 10470 | &nbsp;&nbsp; 10794459 |
|  |  | &nbsp;&nbsp; 49846171 |
| **Massachusetts — 1.3%** | **Massachusetts — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts Transportation Fund <br> Revenue, RB, Sustainability Bonds, 5.00%, 06/01/53<br>| 10010 | &nbsp;&nbsp; 10454786 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey — 1.5%** | **New Jersey — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; Garden State Preservation Trust, RB, Series A, (AGM), <br> 5.75%, 11/01/28<br>| $6342 | &nbsp;&nbsp; $6620909 |
| &nbsp;&nbsp;&nbsp; New Jersey Turnpike Authority, RB, Series B, 5.25%, <br> 01/01/49<br>| 5255 | &nbsp;&nbsp; 5631683 |
|  |  | &nbsp;&nbsp; 12252592 |
| **New York — 11.8%** | **New York — 11.8%** |  |
| Empire State Development Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/41 | 7790 | &nbsp;&nbsp; 8399803 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/43 | 10000 | &nbsp;&nbsp; 10597627 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/44 | 8280 | &nbsp;&nbsp; 8692440 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C-1, Subordinate, 5.00%, 05/01/50 | 8414 | &nbsp;&nbsp; 8777626 |
| &nbsp;&nbsp;&nbsp; Series D-1, 5.25%, 11/01/43 | 12040 | &nbsp;&nbsp; 12951722 |
| &nbsp;&nbsp;&nbsp; Series D-1, 5.50%, 11/01/45 | 5900 | &nbsp;&nbsp; 6387276 |
| &nbsp;&nbsp;&nbsp; Series H-1, Subordinate, 5.00%, 11/01/50 | 5000 | &nbsp;&nbsp; 5226046 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, RB, Series A, <br> 5.00%, 03/15/41<br>| 9795 | &nbsp;&nbsp; 10098142 |
| Triborough Bridge & Tunnel Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.50%, 11/15/57 | 11382 | &nbsp;&nbsp; 12180715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D-2, Senior Lien, Sustainability Bonds, 5.25%, <br> 05/15/47<br>| 9810 | &nbsp;&nbsp; 10390601 |
|  |  | &nbsp;&nbsp; 93701998 |
| **Ohio — 4.6%** | **Ohio — 4.6%** |  |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority, Refunding ARB, <br> Series A, AMT, 5.50%, 01/01/55<br>| 20000 | &nbsp;&nbsp; 21158991 |
| University of Cincinnati, RB, Series A, 5.00%, 06/01/45 | 15025 | &nbsp;&nbsp; 15189441 |
|  |  | &nbsp;&nbsp; 36348432 |
| **Pennsylvania — 1.7%** | **Pennsylvania — 1.7%** |  |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, RB, S/F <br> Housing, Series 145A, Sustainability Bonds, 4.75%, <br> 10/01/49<br>| 13550 | &nbsp;&nbsp; 13610886 |
| **Texas — 3.7%** | **Texas — 3.7%** |  |
| &nbsp;&nbsp;&nbsp; City of San Antonio Texas Electric & Gas Systems <br> Revenue, Refunding RB, Series A, 5.25%, 02/01/49<br>| 10330 | &nbsp;&nbsp; 11082293 |
| &nbsp;&nbsp;&nbsp; Dallas Area Rapid Transit, Refunding RB, Series B, <br> Senior Lien, 5.00%, 12/01/47<br>| 9480 | &nbsp;&nbsp; 9830025 |
| &nbsp;&nbsp;&nbsp; North Texas Municipal Water District, RB, 5.00%, <br> 06/01/50<sup>(j)</sup><br>| 8037 | &nbsp;&nbsp; 8368005 |
|  |  | &nbsp;&nbsp; 29280323 |
| **Washington — 4.9%** | **Washington — 4.9%** |  |
| &nbsp;&nbsp;&nbsp; City of Everett Washington Water & Sewer Revenue, <br> 5.00%, 12/01/50<br>| 10370 | &nbsp;&nbsp; 10903863 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Washington (continued)** | **Washington (continued)** |  |
| &nbsp;&nbsp;&nbsp; Port of Seattle Washington, ARB, Series A, AMT, 5.00%, <br> 05/01/43<br>| 15500 | &nbsp;&nbsp; $15561501 |
| &nbsp;&nbsp;&nbsp; Port of Seattle Washington, Refunding ARB, Series B, <br> AMT, Intermediate Lien, 5.25%, 07/01/49<br>| 11970 | &nbsp;&nbsp; 12606503 |
|  |  | &nbsp;&nbsp; 39071867 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 44.2%** <br>**(Cost: $344,005,719)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 44.2%** <br>**(Cost: $344,005,719)** | &nbsp;&nbsp; 352032612 |
| **Total Long-Term Investments — 167.5%** <br>**(Cost: $1,283,270,727)** | **Total Long-Term Investments — 167.5%** <br>**(Cost: $1,283,270,727)** | &nbsp;&nbsp; 1334891429 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 3.01%<sup>(k)(l)</sup><br>| 5240523 | &nbsp;&nbsp; 5241048 |
| **Total Short-Term Securities — 0.6%** <br>**(Cost: $5,240,609)** | **Total Short-Term Securities — 0.6%** <br>**(Cost: $5,240,609)** | &nbsp;&nbsp; 5241048 |
| **Total Investments — 168.1%** <br>**(Cost: $1,288,511,336)** | **Total Investments — 168.1%** <br>**(Cost: $1,288,511,336)** | &nbsp;&nbsp; 1340132477 |
| **Other Assets Less Liabilities — 1.6%** | **Other Assets Less Liabilities — 1.6%** | &nbsp;&nbsp; 12755094 |
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (25.0)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (25.0)%** | &nbsp;&nbsp; (199595995)<br>|
| **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(44.7)%** | **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(44.7)%** | &nbsp;&nbsp; (356189559)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $797102017 |

---

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

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

<sup>(d)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step- down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(e)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(f)</sup> Non-income producing security.

<sup>(g)</sup> When-issued security.

<sup>(h)</sup> U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. 

<sup>(i)</sup> Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Fund. These bonds serve as collateral in a secured borrowing. 

<sup>(j)</sup> All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Fund could ultimately be required to pay under the agreement, which expires on June 1, 2032 to January 1, 2033, is $21,798,515. 

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

<sup>(l)</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 October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*10/31/25*<br>| *Shares* <br>*Held at* <br>*10/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares | $8057737 | $—<br> $(2816689 )<sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $5241048 | 5240523 | $68235 | $— |

---

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

<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 at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (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

------

Schedule of Investments (unaudited)(continued)

October 31, 2025

**BlackRock MuniYield Quality Fund III, Inc. (MYI)** 

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

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 that may not have a secondary market and/or may have 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.

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;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $982858817 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $982858817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 352032612 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 352032612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 5241048 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5241048 |
|  | &nbsp;&nbsp; $5241048 | &nbsp;&nbsp;&nbsp;&nbsp; $1334891429 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1340132477 |

---

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TOB Trust Certificates | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(198497711)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(198497711)<br>|
| &nbsp;&nbsp;&nbsp; VRDP Shares at Liquidation Value | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (356400000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (356400000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(554897711)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(554897711)<br>|

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AGM-CR | AGM Insured Custodial Receipt |
| AMBAC | AMBAC Assurance Corp. |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |
| BAM | Build America Mutual Assurance Co. |
| BAM-TCRS | &nbsp;&nbsp;&nbsp; Build America Mutual Assurance Co. - Transferable <br> Custodial Receipts<br>|
| CAB | Capital Appreciation Bonds |
| CR | Custodian Receipt |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| M/F | Multi-Family |
| NPFGC | National Public Finance Guarantee Corp. |
| NPFGC-IBC | &nbsp;&nbsp;&nbsp; National Public Finance Guarantee Corp. — Insured Bond <br> Certificate<br>|
| PSF | Permanent School Fund |
| RB | Revenue Bonds |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| S/F | Single-Family |
| SAB | Special Assessment Bonds |
| SAN | State Aid Notes  |
| ST | Special Tax |

---

Schedule of Investments

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock MuniYield Quality Fund III, Inc.

- **b. Investment Company Act file number:** 811-06540

- **c. CIK number of Registrant:** 0000883412

- **d. LEI of Registrant:** UB5J2GS6Q51M6A2L8886

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock MuniYield Quality Fund III, Inc.

- **c. LEI of Series:** UB5J2GS6Q51M6A2L8886

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1365386627.36

**Total Liabilities:** $568129110.98

**Net Assets:** $797257516.38

**Delayed Delivery Securities:** $1470460.80

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 295493.23000000 | **1-Year:** 24268.01000000 | **5-Year:** 323058.31000000 | **10-Year:** 293077.88000000 | **30-Year:** 163650.54000000

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

- **3-Month:** 78.19000000 | **1-Year:** 350.59000000 | **5-Year:** 8491.41000000 | **10-Year:** 14415.35000000 | **30-Year:** 46420.79000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.33%                | 4.67%                | 2.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1650301.49             | $8115935.93                                |
| Month 2  | $-1048898.96             | $32767309.24                               |
| Month 3  | $-453072.26              | $13405871.38                               |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                                | CUSIP: 01728LHD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $827926.47    | 0.10%             | 2048-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                    | CUSIP: 04052BJN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1520921.94   | 0.19%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                    | CUSIP: 04052BJP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1147754.54   | 0.14%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                    | CUSIP: 04052BJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $736797.63    | 0.09%             | 2039-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                    | CUSIP: 04052BJZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $813768.70    | 0.10%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE                             | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1459550.95   | 0.18%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                               | CUSIP: 041807BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $717000.00    | 0.09%             | 2062-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                               | CUSIP: 041807CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $710000.00    | 0.09%             | 2062-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                                      | CUSIP: 052477YT7<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2240727.50   | 0.28%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Community School Building Corp                                              | AVON IN CMNTY SCH BLDG CORP                                             | CUSIP: 054071PF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1639240.80   | 0.21%             | 2043-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                       | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  15340000 | PA      | $16633852.30  | 2.09%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                       | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3540000 | PA      | $3688602.83   | 0.46%             | 2056-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                      | BLACK DESERT PUB INFRASTRUCTURE DIST UT SPL ASSMNT                      | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $484863.98    | 0.06%             | 2053-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Water & Sewer Utility Revenue                               | BROWARD CNTY FL WTR & SWR UTILITY REVENUE                               | CUSIP: 115117NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4815069.50   | 0.60%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                 | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6615000 | PA      | $5543629.31   | 0.70%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                | CUSIP: 11861MBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $356379.51    | 0.04%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                          | CUSIP: 126292CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $259148.98    | 0.03%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE             | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3067033.04   | 0.38%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE             | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4935000 | PA      | $5428366.26   | 0.68%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE             | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   6125000 | PA      | $6542769.10   | 0.82%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE             | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2337991.09   | 0.29%             | 2056-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                    | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3120000.00   | 0.39%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                           | CUSIP: 13063AEB6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10020.11     | 0.00%             | 2030-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | CALIFORNIA ST ENTERPRISE DEV AUTH REVENUE                               | CUSIP: 13067RCZ4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1240303.75   | 0.16%             | 2062-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | CALIFORNIA ST UNIV REVENUE                                              | CUSIP: 13077DWH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7040000 | PA      | $7208417.22   | 0.90%             | 2056-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                            | CUSIP: 14052WDK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1390021.03   | 0.17%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                               | CUSIP: 14054CDA4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1197090.24   | 0.15%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                               | CUSIP: 14054CFG9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    500000 | PA      | $435906.65    | 0.05%             | 2057-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Celina Independent School District                                               | CELINA TX INDEP SCH DIST                                                | CUSIP: 151145YA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4990000 | PA      | $4674558.15   | 0.59%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                  | CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REVENUE                        | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1802971.04   | 0.23%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                   | CUSIP: 167505A63<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1469803.32   | 0.18%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                   | CUSIP: 167505XR2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1228264.24   | 0.15%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                   | CUSIP: 167505XX9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1295128.90   | 0.16%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                   | CUSIP: 167505ZL3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    305000 | PA      | $318832.94    | 0.04%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                            | CUSIP: 1675935F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3990000 | PA      | $4287154.45   | 0.54%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                            | CUSIP: 167593L59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4263986.33   | 0.53%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                        | CUSIP: 16772PBY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4565000 | PA      | $4594596.26   | 0.58%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                           | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS                          | CUSIP: 179093LA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $175529.67    | 0.02%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 12 North Clackamas                           | CLACKAMAS CNTY OR SCH DIST #12 NORTH CLACKAMAS                          | CUSIP: 179093LF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1419928.75   | 0.18%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                      | CUSIP: 19648FWS9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2620438.50   | 0.33%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                      | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2838599.23   | 0.36%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                        | CUSIP: 20775HH48<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2689082.61   | 0.34%             | 2054-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                               | CONROE TX INDEP SCH DIST                                                | CUSIP: 2084185M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5330000 | PA      | $4993713.24   | 0.63%             | 2050-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                                    | CUSIP: 220245Y73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7095000 | PA      | $6574108.51   | 0.82%             | 2053-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                      | CUSIP: 249182TF3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5681119.00   | 0.71%             | 2037-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                          | CUSIP: 249189DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1611209.91   | 0.20%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES             | CUSIP: 26118TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2299807.06   | 0.29%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES             | CUSIP: 26118TBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $818053.74    | 0.10%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Parish of East Baton Rouge Capital Improvements District                         | EAST BATON ROUGE PARISH LA CAPITAL IMPTS DIST MOVEBR SALES T            | CUSIP: 270773BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2133133.94   | 0.27%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Central Regional Wastewater Treatment Facilities Operation Board            | EAST CENT REGL WASTEWATER     TREATMENT FACS OPERATION BRD              | CUSIP: 27149TBG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13925000 | PA      | $14160005.26  | 1.78%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Point Business & Industrial Development Authority                           | EAST PT GA BUSINESS & INDL DEV AUTHORITY REVENUE                        | CUSIP: 274502AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $413341.11    | 0.05%             | 2062-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Water & Sewer Revenue                                         | EL PASO TX WTR & SWR REVENUE                                            | CUSIP: 283822YB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3623338.47   | 0.45%             | 2049-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE                    | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   3960000 | PA      | $4450347.79   | 0.56%             | 2054-04-01      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                            | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514916.45   | 0.19%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                             | CUSIP: 346843WQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6214581.12   | 0.78%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Lauderdale FL Water & Sewer Revenue                                 | FORT LAUDERDALE FL WTR & SWR REVENUE                                    | CUSIP: 347658ZX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4714579.79   | 0.59%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | FRANKLIN CNTY OH REVENUE                                                | CUSIP: 353202FP4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4533113.70   | 0.57%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Galveston Independent School District                                            | GALVESTON TX INDEP SCH DIST                                             | CUSIP: 364496QQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8075000 | PA      | $7768085.40   | 0.97%             | 2047-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                               | GARLAND TX ELEC UTILITY SYS REVENUE                                     | CUSIP: 366133TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $619656.43    | 0.08%             | 2048-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                            | CUSIP: 39081JKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11740000 | PA      | $12704772.07  | 1.59%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                          | CUSIP: 392274Z82<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5060000 | PA      | $5357858.92   | 0.67%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grossmont Union High School District                                             | GROSSMONT CA UNION HIGH SCH DIST                                        | CUSIP: 399262EG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $4336346.51   | 0.54%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                                          | CUSIP: 414005Y85<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1309072.91   | 0.16%             | 2048-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST DEPT OF TRANSPRTN ARPTS DIV LEASE REVENUE COPS                | CUSIP: 419808AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001727.20   | 0.25%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST DEPT OF TRANSPRTN ARPTS DIV LEASE REVENUE COPS                | CUSIP: 419808AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1776637.44   | 0.22%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Henderson KY                                                             | HENDERSON KY EXEMPT FACS REVENUE                                        | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    475000 | PA      | $449096.40    | 0.06%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                    | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE                         | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2269603.45   | 0.28%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE                   | CUSIP: 43233KAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $763116.64    | 0.10%             | 2049-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE                   | CUSIP: 43233KAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2757699.83   | 0.35%             | 2051-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                              | CUSIP: 442332DF6<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    695000 | PA      | $752527.79    | 0.09%             | 2042-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                              | CUSIP: 442332ED0<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   4715000 | PA      | $5049827.71   | 0.63%             | 2049-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                              | CUSIP: 442332EE8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1855346.60   | 0.23%             | 2051-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                             | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1295024.48   | 0.16%             | 2038-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                             | CUSIP: 442349DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $703461.42    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                             | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $329773.41    | 0.04%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                             | CUSIP: 442349HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1130682.44   | 0.14%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                             | CUSIP: 442349JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4815000 | PA      | $5136923.68   | 0.64%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                 | HUTTO TX                                                                | CUSIP: 448474ZR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1597513.22   | 0.20%             | 2049-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                         | CUSIP: 451295H44<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    960000 | PA      | $918758.21    | 0.12%             | 2053-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN SALES TAX REVENUE                               | CUSIP: 45130ABT1<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   6955000 | PA      | $7496015.54   | 0.94%             | 2048-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                                        | CUSIP: 45203MUH2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2702236.46   | 0.34%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                             | CUSIP: 452153FK0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1726220.70   | 0.22%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                             | CUSIP: 452153PD5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2591341.34   | 0.33%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                                    | CUSIP: 45470YGB1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2276424.35   | 0.29%             | 2046-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                                    | CUSIP: 45470YGC9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    730000 | PA      | $785435.84    | 0.10%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH THERMAL ENERGY SYSTEM UTILITY REVENUE               | CUSIP: 45471GAX7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2360662.27   | 0.30%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                                 | CUSIP: 45505MLT1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1850692.25   | 0.23%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                             | CUSIP: 45528VFS3<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3315000 | PA      | $3495776.90   | 0.44%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                  | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6955000 | PA      | $7249695.17   | 0.91%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | KANSAS ST DEV FIN AUTH REVENUE                                          | CUSIP: 48542RX82<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   6985000 | PA      | $7041205.50   | 0.88%             | 2041-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                          | KENTUCKY PUB TRANSPRTN INFRASTRUCTURE AUTH TOLL REVENUE                 | CUSIP: 491397AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8225000 | PA      | $9467861.66   | 1.19%             | 2039-07-01      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                        | KINDRED FL CDD II SPL ASSMNT REVENUE                                    | CUSIP: 494581AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517726.45    | 0.06%             | 2054-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL Department of Electric Utilities                             | LAKELAND FL ENERGY SYS REVENUE                                          | CUSIP: 51166FGT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4915775.00   | 0.62%             | 2048-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE                   | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $743874.55    | 0.09%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                             | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2959645.96   | 0.37%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 814                         | LAS VEGAS NV SPL IMPT DIST #814                                         | CUSIP: 51778UAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $345898.98    | 0.04%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 814                         | LAS VEGAS NV SPL IMPT DIST #814                                         | CUSIP: 51778UAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $850656.19    | 0.11%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                               | LONG BEACH CA UNIF SCH DIST                                             | CUSIP: 542433NA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3862360.00   | 0.48%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                               | CUSIP: 5444453D9<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3749096.79   | 0.47%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                         | CUSIP: 546399RQ1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4010000 | PA      | $4005753.81   | 0.50%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                                         | CUSIP: 546399TA4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4796817.50   | 0.60%             | 2066-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                       | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4447311.63   | 0.56%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                       | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2915000 | PA      | $3124097.61   | 0.39%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                       | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2615690.58   | 0.33%             | 2053-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                       | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3230663.40   | 0.41%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                              | CUSIP: 56681NEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $814119.46    | 0.10%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                        | CUSIP: 57421CKA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563042.15   | 0.20%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                        | CUSIP: 57582R4C7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5235166.00   | 0.66%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                    | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   8480000 | PA      | $8250214.05   | 1.03%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY                                            | CUSIP: 57586NS44<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1044857.66   | 0.13%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD            | CUSIP: 592029DB5<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2237049.24   | 0.28%             | 2054-10-01      | Fixed         | 4.00%                 | 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: 5920983R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2210363.04   | 0.28%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                 | CUSIP: 592190QX3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2148795.80   | 0.27%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                  | CUSIP: 592247K33<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $15026804.00  | 1.88%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                  | CUSIP: 592247K58<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  41880000 | PA      | $30113918.70  | 3.78%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                  | CUSIP: 592248BB3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   9430000 | PA      | $4041854.54   | 0.51%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                           | CUSIP: 59261AMB0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3072069.80   | 0.39%             | 2057-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                           | CUSIP: 592647NF4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1498800.59   | 0.19%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                           | CUSIP: 592647PE5<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3964523.98   | 0.50%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                     | CUSIP: 59333PZ92<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   6430000 | PA      | $6505861.14   | 0.82%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                     | CUSIP: 593340AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7958846.25   | 1.00%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                      | CUSIP: 59335KDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3117890.30   | 0.39%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                      | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5980000 | PA      | $6109594.97   | 0.77%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH ACT 38 FACS SENIOR REVEUE                          | CUSIP: 59447NBE5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2949867.49   | 0.37%             | 2057-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                                | CUSIP: 594654SG1<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4365013.58   | 0.55%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                             | CUSIP: 59465PEJ3<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   8405000 | PA      | $8644201.26   | 1.08%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                                  | CUSIP: 5946953A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2366642.75   | 0.30%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                             | CUSIP: 594698QS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001228.20   | 0.25%             | 2038-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE                          | CUSIP: 597495AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5810000 | PA      | $3523580.24   | 0.44%             | 2036-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                                | CUSIP: 60416TYA0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2746545.82   | 0.34%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                  | CUSIP: 60637AXK3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4840000 | PA      | $4545907.08   | 0.57%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                  | CUSIP: 60637AXL1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2302408.65   | 0.29%             | 2055-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                          | CUSIP: 60637GBC2<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   4560000 | PA      | $4500780.65   | 0.56%             | 2054-11-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                                        | CUSIP: 61360PCM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450171.14    | 0.06%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mt San Antonio Community College District                                        | MOUNT SAN ANTONIO CA CMNTY CLG DIST                                     | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4009088.41   | 0.50%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                          | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1193940 | PA      | $1189449.92   | 0.15%             | 2041-01-20      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                          | CUSIP: 63607WBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2862609.52   | 0.36%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                          | CUSIP: 63607WBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7232613 | PA      | $7109238.29   | 0.89%             | 2042-11-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                            | CUSIP: 63607YCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6995000 | PA      | $7358525.25   | 0.92%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                                  | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1905227.37   | 0.24%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                          | CUSIP: 63968M7G8<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   5835000 | PA      | $5928336.66   | 0.74%             | 2049-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE                     | CUSIP: 645424BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $5393486.06   | 0.68%             | 2049-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE                       | CUSIP: 64542QBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1177654.42   | 0.15%             | 2050-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                             | CUSIP: 6459165J2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1816270.43   | 0.23%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                     | CUSIP: 6459182A0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1933286.60   | 0.24%             | 2034-01-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                     | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4920000 | PA      | $4924401.92   | 0.62%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                 | CUSIP: 646136TG6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8550000 | PA      | $8520609.38   | 1.07%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                 | CUSIP: 646136WG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7045387.00   | 0.88%             | 2035-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                                | CUSIP: 64613ALS9<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4105000 | PA      | $4232507.87   | 0.53%             | 2050-10-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                 | CUSIP: 64613CCU0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10945000 | PA      | $11195138.12  | 1.40%             | 2040-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                 | CUSIP: 64613CEG9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5825000 | PA      | $6115740.31   | 0.77%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                            | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3828204.70   | 0.48%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                            | CUSIP: 649519EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7430000 | PA      | $5457306.02   | 0.68%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                             | CUSIP: 64966SMF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    660000 | PA      | $703315.01    | 0.09%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                          | CUSIP: 64971XL48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19406.46     | 0.00%             | 2043-02-01      | Fixed         | 4.00%                 | 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: 64972GE59<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4518124.14   | 0.57%             | 2047-06-15      | Fixed         | 4.13%                 | 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: 64972GL85<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1820231.99   | 0.23%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                    | CUSIP: 64990FL85<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1733318.94   | 0.22%             | 2046-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                          | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2359958.46   | 0.30%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                          | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3425890.39   | 0.43%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                          | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1632817.95   | 0.20%             | 2040-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                          | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4032834.27   | 0.51%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                          | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6922275.56   | 0.87%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                          | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5205000 | PA      | $5359522.40   | 0.67%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                          | CUSIP: 650116JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3631837.44   | 0.46%             | 2060-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                             | CUSIP: 6589096Q4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3058179.30   | 0.38%             | 2049-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                             | CUSIP: 6589098A7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   6245000 | PA      | $6328446.94   | 0.79%             | 2049-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                             | CUSIP: 667826FH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7635000 | PA      | $7972678.49   | 1.00%             | 2049-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                             | CUSIP: 667826HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2435806.08   | 0.31%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                                        | NORWALK-LA MIRADA CA UNIF SCH DIST                                      | CUSIP: 669096RW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7620000 | PA      | $4606137.60   | 0.58%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                               | OKLAHOMA ST MUNI PWR AUTH                                               | CUSIP: 67910HTA8<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |   3760000 | PA      | $4003972.11   | 0.50%             | 2056-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parker Road Community Development District                                       | PARKER ROAD FL CDD CAPITAL IMPT REVENUE                                 | CUSIP: 701123AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $786895.65    | 0.10%             | 2040-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                     | CUSIP: 70252AAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7645000 | PA      | $7893472.44   | 0.99%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL                                                               | PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                     | CUSIP: 70252AAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1504937.70   | 0.19%             | 2054-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE                      | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   7215000 | PA      | $7847183.35   | 0.98%             | 2054-02-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV             | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1715080.62   | 0.22%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                              | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13560000 | PA      | $13593254.54  | 1.71%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                             | CUSIP: 70879QN74<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10105459.00  | 1.27%             | 2050-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                             | CUSIP: 70879QUM3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   8765000 | PA      | $9502651.88   | 1.19%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                           | CUSIP: 70917TRX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1730869.29   | 0.22%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                           | CUSIP: 70917TRY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4875000 | PA      | $4478253.49   | 0.56%             | 2054-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                    | CUSIP: 709224C98<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2394928.25   | 0.30%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                    | CUSIP: 709224QF9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4776606.55   | 0.60%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                    | CUSIP: 709225GH3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1615754.55   | 0.20%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                    | CUSIP: 709225KY1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8604164.00   | 1.08%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                                         | CUSIP: 71783MDE2<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3713382.75   | 0.47%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | PHILADELPHIA PA WTR & WSTWTR REVENUE                                    | CUSIP: 717893C90<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3702179.31   | 0.46%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE                          | CUSIP: 717901CA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4016769.64   | 0.50%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                                 | CUSIP: 71883MPB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2110406.76   | 0.26%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH EDU REVENUE                                  | CUSIP: 72177MSW8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1475370.61   | 0.19%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                   | CUSIP: 73358W3K8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2812056.90   | 0.35%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                   | CUSIP: 73358XCK6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2637095.50   | 0.33%             | 2039-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                        | CUSIP: 7352403K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3695209.68   | 0.46%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                              | CUSIP: 735389V96<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4478277.15   | 0.56%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                    | POWAY CA UNIF SCH DIST                                                  | CUSIP: 738850RA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7820000 | PA      | $5824110.78   | 0.73%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                    | POWAY CA UNIF SCH DIST                                                  | CUSIP: 738850RB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7113903.00   | 0.89%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                                     | CUSIP: 744396GR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    270000 | PA      | $257656.09    | 0.03%             | 2031-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                                     | CUSIP: 744396GS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    895000 | PA      | $798526.61    | 0.10%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                                     | CUSIP: 744396GT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    590000 | PA      | $486710.88    | 0.06%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                         | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  11055000 | PA      | $12189420.99  | 1.53%             | 2054-04-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                         | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   6320000 | PA      | $6864996.98   | 0.86%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                                   | CUSIP: 74444VAR1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    845000 | PA      | $778272.12    | 0.10%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                         | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2751211.94   | 0.35%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                                         | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3987620.18   | 0.50%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                       | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3079000 | PA      | $2990450.12   | 0.38%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                       | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7315000 | PA      | $2545857.74   | 0.32%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                       | CUSIP: 74529JQL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    937000 | PA      | $885935.37    | 0.11%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                       | CUSIP: 74529JQM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14927000 | PA      | $14497709.93  | 1.82%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                       | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    573000 | PA      | $555520.46    | 0.07%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                       | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    214000 | PA      | $201244.83    | 0.03%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                       | CUSIP: 74529JRP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1261000 | PA      | $1185839.86   | 0.15%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE            | CUSIP: 762197M32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6170000 | PA      | $6355602.86   | 0.80%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                          | RIO HONDO CA CMNTY CLG DIST                                             | CUSIP: 767121DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $5359380.00   | 0.67%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                          | RIO HONDO CA CMNTY CLG DIST                                             | CUSIP: 767121DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12940000 | PA      | $8236416.11   | 1.03%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                          | CUSIP: 795576HK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6178542.99   | 0.77%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                          | CUSIP: 795576HL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3162006.38   | 0.40%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                          | CUSIP: 795576HM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5866341.64   | 0.74%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                          | CUSIP: 795576NB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4994472.83   | 0.63%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE                | CUSIP: 79574CFL2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5255962.50   | 0.66%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                              | CUSIP: 797355Q31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3485000 | PA      | $2971637.89   | 0.37%             | 2031-07-01      | None          | 0.00%                 | 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: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  14215000 | PA      | $14500026.39  | 1.82%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                                          | CUSIP: 802170AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $412730.89    | 0.05%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole Improvement District                                                    | SEMINOLE FL IMPT DIST UTILS REVENUE                                     | CUSIP: 816751AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $239043.39    | 0.03%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole Improvement District                                                    | SEMINOLE FL IMPT DIST UTILS REVENUE                                     | CUSIP: 816751AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $271791.03    | 0.03%             | 2037-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                           | CUSIP: 82652UAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2516686.00   | 0.32%             | 2053-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                  | CUSIP: 837032CC3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   6655000 | PA      | $7110168.73   | 0.89%             | 2049-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                  | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    525000 | PA      | $559622.81    | 0.07%             | 2050-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH EDUCTNL FACS REVENUE               | CUSIP: 83704MCH7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1152200.91   | 0.14%             | 2062-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                       | CUSIP: 83712D6H4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2230070.08   | 0.28%             | 2049-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                               | CUSIP: 8371515T2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   6455000 | PA      | $6825411.14   | 0.86%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                               | CUSIP: 8371515U9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3616115.23   | 0.45%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                               | CUSIP: 837151YZ6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2153566.86   | 0.27%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                            | CUSIP: 83756LBR5<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3451694.75   | 0.43%             | 2050-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                           | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   6575000 | PA      | $7121514.00   | 0.89%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV            | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9596082.60   | 1.20%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2804748.51   | 0.35%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE                        | CUSIP: 873816AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1603356.82   | 0.20%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                          | CUSIP: 875146AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $1203531.94   | 0.15%             | 2040-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                          | CUSIP: 875146BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $530185.08    | 0.07%             | 2042-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION                          | CUSIP: 875146BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $761867.80    | 0.10%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District                                                  | TARRANT TX REGL WTR DIST WTR TRANSMISSION FACS CONTRACT REV             | CUSIP: 876448JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2143578.58   | 0.27%             | 2055-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                  | Garden State Preservation Trust                                         | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6341789 | PA      | $6620909.24   | 0.83%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE                               | CUSIP: 153476GE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14090000 | PA      | $14393709.95  | 1.81%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $6387276.28   | 0.80%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | City of Tampa FL                                                        | CUSIP: 87515ECB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10525132.80  | 1.32%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                            | New York State Urban Development Corp                                   | CUSIP: 650036FW1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   8280000 | PA      | $8692440.05   | 1.09%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit                                               | CUSIP: 235241WQ5<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   9480000 | PA      | $9830025.30   | 1.23%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | Triborough Bridge & Tunnel Authority                                    | CUSIP: 89602HEN3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   9810000 | PA      | $10390600.93  | 1.30%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority                                      | CUSIP: 64990AHW8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9794998 | PA      | $10098142.26  | 1.27%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                            | NEW YORK ST URBAN DEV CORP REVENUE                                      | CUSIP: 650036FV3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10597627.00  | 1.33%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                              | CUSIP: 735389E20<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15561500.90  | 1.95%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL                | ALABAMA ST SPL CARE FACS FINGAUTH BIRMINGHAM REVENUE                    | CUSIP: 010399CR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11790000 | PA      | $11805291.63  | 1.48%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                           | CUSIP: 452252PX1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  10470000 | PA      | $10794459.02  | 1.35%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                           | CUSIP: 452252NP0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8200406.40   | 1.03%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                            | NEW YORK ST URBAN DEV CORP REVENUE                                      | CUSIP: 650036FT8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   7790000 | PA      | $8399802.76   | 1.05%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                              | CUSIP: 45204EA24<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20428716.00  | 2.56%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | Los Angeles Unified School District/CA                                  | CUSIP: 914119F98<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |  15024994 | PA      | $15189441.30  | 1.91%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | Los Angeles Unified School District/CA                                  | CUSIP: 544647GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9750000 | PA      | $10490320.43  | 1.32%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971X4C9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12040000 | PA      | $12951721.78  | 1.62%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                        | CUSIP: 16772PDK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10422590.00  | 1.31%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF                                                   | PENNSYLVANIA ST HSG FIN AGY SF                                          | CUSIP: 70879QWL3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  13550000 | PA      | $13610885.57  | 1.71%             | 2049-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                       | CUSIP: 79625GJR5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  10329832 | PA      | $11082292.81  | 1.39%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                   | CUSIP: 93878YED7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |  13660000 | PA      | $14849044.26  | 1.86%             | 2060-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                              | CUSIP: 64972JTG3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5226045.50   | 0.66%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                          | CUSIP: 392275FK4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5138507 | PA      | $5402057.80   | 0.68%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                             | N TX MUNI WTR DIST REGL WSTWTR SYS CONTRACT REVENUE                     | CUSIP: 66283ALD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8036738 | PA      | $8368004.95   | 1.05%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                              | CUSIP: 7353892S6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |  11970000 | PA      | $12606503.23  | 1.58%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                            | CUSIP: 646140FX6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5255065 | PA      | $5631683.28   | 0.71%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Everett WA Water & Sewer Revenue                                         | EVERETT WA WTR & SWR REVENUE                                            | CUSIP: 300060RV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10369999 | PA      | $10903862.51  | 1.37%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                             | CUSIP: 89602RHT5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  11382188 | PA      | $12180714.65  | 1.53%             | 2057-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                        | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                                 | CUSIP: 57604TKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10010000 | PA      | $10454785.61  | 1.31%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                                      | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21158992.00  | 2.65%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                              | CUSIP: 64972JMK1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   8413601 | PA      | $8777626.18   | 1.10%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas City Industrial Development Corp                                           | TEXAS CITY TX INDL DEV CORP INDL REVENUE                                | CUSIP: 882275AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $727205.11    | 0.09%             | 2045-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | TEXAS ST TECH CLG SYS FING SYS REVENUE                                  | CUSIP: 88276RFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3660658.75   | 0.46%             | 2042-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                         | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3274342.36   | 0.41%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                         | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6195000 | PA      | $6031686.79   | 0.76%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/VA                                             | TOBACCO SETTLEMENT FING CORP VA                                         | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $2539155.15   | 0.32%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                 | CUSIP: 89602HEQ6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6961840.60   | 0.87%             | 2052-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                             | CUSIP: 89602RLU7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3465883.17   | 0.43%             | 2054-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX             | CUSIP: 896032AZ2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5463368.90   | 0.69%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE                    | CUSIP: 896035BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1399235.78   | 0.18%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE                    | CUSIP: 896035BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10090000 | PA      | $9494704.13   | 1.19%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                       | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1845118.08   | 0.23%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                              | CUSIP: 91754TYL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $183297.29    | 0.02%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH                                                   | CUSIP: 921626QH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1074546.20   | 0.13%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Viera Stewardship District                                                       | VIERA STEWARDSHIP DIST FL SPL ASSMNT REVENUE                            | CUSIP: 92670TAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $797445.83    | 0.10%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 14                                     | VLG FL CDD #14 SPL ASSMNT REVENUE                                       | CUSIP: 92708JAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1654349.78   | 0.21%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                    | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $712157.55    | 0.09%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Waller Consolidated Independent School District                                  | WALLER TX INDEP SCH DIST                                                | CUSIP: 932493LX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2431337.02   | 0.30%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walnut Valley Unified School District                                            | WALNUT VLY CA UNIF SCH DIST                                             | CUSIP: 932889TV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6545000 | PA      | $4371482.73   | 0.55%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                   | CUSIP: 93878YCS6<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1816154.49   | 0.23%             | 2047-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                       | CUSIP: 93978HF75<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    630000 | PA      | $669066.99    | 0.08%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                          | WESTSIDE FL CDD SPL ASSMNT REVENUE                                      | CUSIP: 96149TAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $627580.61    | 0.08%             | 2037-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Westside Community Development District                                          | WESTSIDE FL CDD SPL ASSMNT REVENUE                                      | CUSIP: 96149TAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $610768.37    | 0.08%             | 2038-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares               | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  11415137 | NS      | $11416278.57  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE                 | CUSIP: 97689QSN7<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1106565.73   | 0.14%             | 2043-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                           | CUSIP: 97712JEQ2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2620627.50   | 0.33%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                           | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   4675000 | PA      | $4940796.66   | 0.62%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ysleta Independent School District                                               | YSLETA TX INDEP SCH DIST                                                | CUSIP: 98816PFN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3132651.60   | 0.39%             | 2056-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** BlackRock MuniYield Quality Fund III, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer