# EDGAR Filing Document

**Accession Number:** 0000906352
**File Stem:** 0001752724-25-161818
**Filing Date:** 2025-6
**Character Count:** 208586
**Document Hash:** 82e6db59cf3af4545c5bb0a74bc373e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161818.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161818

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST EAGLE FUNDS
- **CENTRAL INDEX KEY:** 0000906352

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07762
- **FILM NUMBER:** 251085309

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 212-698-3393

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE  FUNDS INC
- **DATE OF NAME CHANGE:** 20030103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE SOGEN FUNDS INC
- **DATE OF NAME CHANGE:** 20000403

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOGEN FUNDS INC
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### First Eagle Short Duration High Yield Municipal Fund (Series ID: S000083576)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000247343 | Class R6     | FDURX           |
| C000247344 | Class A      | FDUAX           |
| C000247345 | Class I      | FDUIX           |
| C000260319 | Class C      | FDYCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Eagle Funds

- **b. Investment Company Act file number:** 811-07762

- **c. CIK number of Registrant:** 0000906352

- **d. LEI of Registrant:** 549300FE2F4XF7FZN136

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

  - **Street Address 1:** 1345 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 800-334-2143

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

- **a. Name of Series:** First Eagle Short Duration High Yield Municipal Fund

- **b. EDGAR series identifier (if any):** S000083576

- **c. LEI of Series:** 254900GRR5GWD65MGD23

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $803961790.46

**Total Liabilities:** $6795053.53

**Net Assets:** $797166736.93

**Cash Not Reported:** $0.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1010.02918885 | **1-Year:** -9969.18118000 | **5-Year:** -22288.87285836 | **10-Year:** -44131.77747638 | **30-Year:** -13327.90793265

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

- **3-Month:** -3090.72678483 | **1-Year:** -30102.48570585 | **5-Year:** -95284.80184813 | **10-Year:** -94595.26428334 | **30-Year:** -21417.94308008

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000247344 | -1.45%               | -2.94%               | -3.25%               |
| Class ID C000247343 | 1.06%                | -0.39%               | -0.78%               |
| Class ID C000247345 | 1.06%                | -0.39%               | -0.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35624.97               | $3942754.77                                |
| Month 2  | $136509.13               | $-5666199.38                               |
| Month 3  | $-1010749.77             | $-6808871.99                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                              | CUSIP: 74446DAK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3632647.55   | 0.46%             | 2030-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                              | CUSIP: 74442PD36<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3300901.80   | 0.41%             | 2059-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2021                                                       | CUSIP: 34061XAD4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10520000 | PA      | $9332830.62   | 1.17%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verandah East Community Development District                                     | Verandah East Community Development District, Series 2016                                            | CUSIP: 92337YAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14883.48     | 0.00%             | 2026-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                    | Edgewater East Community Development District, Series 2022                                           | CUSIP: 280286AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1852785.42   | 0.23%             | 2032-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2018                                                               | CUSIP: 263804AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15031.56     | 0.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfield OH                                                           | County of Fairfield, Series 2013                                                                     | CUSIP: 304286BC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4842178.50   | 0.61%             | 2033-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Edinburg Economic Development Corp.                                              | Edinburg Economic Development Corp., Series 2019                                                     | CUSIP: 28078PAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $555463.35    | 0.07%             | 2029-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Pulaski County Public Facilities Board                                           | Pulaski County Public Facilities Board, Series 2014                                                  | CUSIP: 74540HAM6<br>LEI: 549300FW3F0WYTXI3E38 | Long             | DBT              | MUN               | US        |   5530000 | PA      | $5525316.09   | 0.69%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2024 B-1                                         | CUSIP: 939783U79<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985104.30    | 0.12%             | 2030-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 C                                                              | CUSIP: 74448DAC0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    878882 | PA      | $863199.67    | 0.11%             | 2029-08-26      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | Oklahoma Development Finance Authority, Series 2018 B                                                | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002945.30   | 0.13%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                                                         | Village of Bridgeview, Series 2015 A                                                                 | CUSIP: 108555JG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2121553.29   | 0.27%             | 2041-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2017                                                              | CUSIP: 14054TAF9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    625000 | PA      | $604455.38    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 812                        | City of Las Vegas, Series 2015                                                                       | CUSIP: 517784AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $532303.70    | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                          | County of Palm Beach, Series 2019 A                                                                  | CUSIP: 696547GH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $717924.74    | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021 A                                           | CUSIP: 93978LGE0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    320000 | PA      | $303792.93    | 0.04%             | 2029-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Clarksville Public Educational Facilities Board                                  | Clarksville Public Educational Facilities Board, Series 2024 B                                       | CUSIP: 18233PAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $198286.47    | 0.02%             | 2029-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2016                                                                | CUSIP: 74443DBV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    685000 | PA      | $682327.82    | 0.09%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2021                                                               | CUSIP: 263804CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29677.51     | 0.00%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenbriar Community Development District                                        | Greenbriar Community Development District, Series 2025                                               | CUSIP: 39364TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499641.65    | 0.06%             | 2032-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Alameda County Industrial Development Authority                                  | Alameda County Industrial Development Authority, Series 2010 A                                       | CUSIP: 011107BU2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    200000 | PA      | $200000.00    | 0.03%             | 2040-12-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank, Series 2013A                                                           | CUSIP: 60534TLN3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    255000 | PA      | $233701.99    | 0.03%             | 2029-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017                                                                       | CUSIP: 05921PBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1110103.77   | 0.14%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021                                                              | CUSIP: 14052WEA1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    500000 | PA      | $471149.50    | 0.06%             | 2031-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2023B                                                                 | CUSIP: 46247SFC3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    595000 | PA      | $624481.77    | 0.08%             | 2028-05-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2022                                                       | CUSIP: 34061ULF3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    410000 | PA      | $396930.64    | 0.05%             | 2032-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Crawford County Hospital Authority                                               | Crawford County Hospital Authority, Series 2016 A                                                    | CUSIP: 225004AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3829171.16   | 0.48%             | 2046-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| University of Delaware                                                           | University of Delaware, Series 2015                                                                  | CUSIP: 91425MER4<br>LEI: KPIOJCFMR70NWLS6O145 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.02%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | Ohio Air Quality Development Authority, Series 2009 C                                                | CUSIP: 677525WR4<br>LEI: 549300DZUU80AYOR6M80 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $978122.80    | 0.12%             | 2026-02-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Pocono Mountains Industrial Park Authority                                       | Pocono Mountains Industrial Park Authority, Series 2015 A                                            | CUSIP: 73043PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5099625.66   | 0.64%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jackson MS                                                               | City of Jackson, Series 2021                                                                         | CUSIP: 4684307E7<br>LEI: 549300XZ1LXKERRRSP27 | Long             | DBT              | MUN               | US        |    920000 | PA      | $932714.03    | 0.12%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Flint Hospital Building Authority                                                | Flint Hospital Building Authority, Series 2020                                                       | CUSIP: 339511EM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500587.50    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                    | American Samoa Economic Development Authority, Series 2015 A                                         | CUSIP: 02936TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | AS        |    100000 | PA      | $100816.62    | 0.01%             | 2035-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2018 A-1                                                | CUSIP: 19648FHR8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    530000 | PA      | $478813.87    | 0.06%             | 2038-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series G-1                              | CUSIP: 20775DEH1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125499.25    | 0.02%             | 2034-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Allegany County Capital Resource Corp.                                           | Allegany County Capital Resource Corp., Series 2022 A                                                | CUSIP: 017095AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $168153.15    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | New Jersey Educational Facilities Authority, Series 2017 F                                           | CUSIP: 646066Y95<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |     10000 | PA      | $8357.30      | 0.00%             | 2031-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Series 2015 A                                                                         | CUSIP: 67756CCH9<br>LEI: 5493005LEB5E170OMX59 | Long             | STIV             | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.38%             | 2045-01-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2012                                                               | CUSIP: 455054AT3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    160000 | PA      | $159991.49    | 0.02%             | 2042-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Austin Convention Enterprises, Inc.                                              | Austin Convention Enterprises, Inc., Series B                                                        | CUSIP: 052409EF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1061760.62   | 0.13%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Harbor Revenue                                             | City of Long Beach, Series D                                                                         | CUSIP: 542424XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20011.50     | 0.00%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024                                                                | CUSIP: 74447TAG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4782409.00   | 0.60%             | 2033-12-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024-1, Class B-1                                                   | CUSIP: 74448FAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    900000 | PA      | $912161.61    | 0.11%             | 2036-04-28      | Fixed         | 6.81%                 | Yes           |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | Shelby County Health Educational & Housing Facilities Board, Series 2013A                            | CUSIP: 821697H69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $31724.49     | 0.00%             | 2033-09-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2017                                             | CUSIP: 939783VN3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1557331.00   | 0.20%             | 2027-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2017                                                              | CUSIP: 45204EUF3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925129.20    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority, Series 2018 A                                | CUSIP: 13080SVM3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502229.00   | 0.19%             | 2048-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Delaware County Memorial Hospital/IA                                             | Delaware County Memorial Hospital, Series 2025                                                       | CUSIP: 245844CE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196751.39    | 0.02%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler County Hospital Authority                                                 | Butler County Hospital Authority, Series 2015 A                                                      | CUSIP: 123592DM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19982.10     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | California Health Facilities Financing Authority, Series 2014 B                                      | CUSIP: 13033L4N4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1301989.52   | 0.16%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024                                                | CUSIP: 63608TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $11446160.00  | 1.44%             | 2034-12-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2014                                                                | CUSIP: 12008HAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |  13400000 | PA      | $13402357.06  | 1.68%             | 2035-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Butler County Hospital Authority                                                 | Butler County Hospital Authority, Series 2015 A                                                      | CUSIP: 123592DN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1762493.61   | 0.22%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2016                                                              | CUSIP: 45204EBX5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9642786.00   | 1.21%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2016                            | CUSIP: 72177MRM1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008479.20   | 0.38%             | 2036-12-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Austin Convention Enterprises, Inc.                                              | Austin Convention Enterprises, Inc., Series 2017 A                                                   | CUSIP: 052409DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150097.23    | 0.02%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2018 A                                                             | CUSIP: 45506DL94<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    540000 | PA      | $538779.76    | 0.07%             | 2038-07-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Yamhill County Hospital Authority                                                | Yamhill County Hospital Authority, Series 2016A                                                      | CUSIP: 98464UAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $345967.06    | 0.04%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lucas OH                                                               | County of Lucas, Series 2018 A                                                                       | CUSIP: 549310WE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8505441.03   | 1.07%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2018                                                               | CUSIP: 263804AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30045.83     | 0.00%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodland Crossing Community Development District                                 | Woodland Crossing Community Development District, Series 2025                                        | CUSIP: 979583AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $412053.69    | 0.05%             | 2030-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021                                                              | CUSIP: 45204FKH7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    580000 | PA      | $571004.03    | 0.07%             | 2028-10-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2021                                                               | CUSIP: 263804CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $288371.25    | 0.04%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024                                                                | CUSIP: 74442PG90<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3510269.00   | 0.44%             | 2034-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019 A | CUSIP: 54628CHX3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89524.78     | 0.01%             | 2039-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2015 A                                                    | CUSIP: 65000BET1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5012.21      | 0.00%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sullivan NY                                                            | County of Sullivan, Series E-1                                                                       | CUSIP: 865273AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99968.23     | 0.01%             | 2031-11-01      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Fulton County Industrial Development Authority                                   | Fulton County Industrial Development Authority, Series 2016                                          | CUSIP: 36024LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2702362.39   | 0.34%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                              | Lancaster County Hospital Authority, Series 2017                                                     | CUSIP: 514045R62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39231.62     | 0.00%             | 2027-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | West Virginia Hospital Finance Authority, Series 2018 A                                              | CUSIP: 956622S47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3476524.80   | 0.44%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 B                                                              | CUSIP: 74448DAK2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    854262 | PA      | $843140.11    | 0.11%             | 2030-01-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2022                                                              | CUSIP: 594479HH3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $698050.00    | 0.09%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | Utah Charter School Finance Authority, Series 2017                                                   | CUSIP: 91754TUV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1487054.80   | 0.19%             | 2027-06-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2018 B                                   | CUSIP: 97671VBE4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    125000 | PA      | $114743.48    | 0.01%             | 2033-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Ward ND                                                                | County of Ward, Series 2017 C                                                                        | CUSIP: 934023ES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983304.80    | 0.12%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reagan Hospital District of Reagan County                                        | Reagan Hospital District of Reagan County, Series A                                                  | CUSIP: 755783AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $977161.47    | 0.12%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Batesville Public Facilities Board                                               | Batesville Public Facilities Board, Series 2020                                                      | CUSIP: 070668AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499257.90    | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | California Public Finance Authority, Series 2025A-1                                                  | CUSIP: 13057TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3636448.90   | 0.46%             | 2065-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Dutchess County Local Development Corp.                                          | Dutchess County Local Development Corp., Series 2016 B                                               | CUSIP: 267045GN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $140062.32    | 0.02%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2018 A                                                             | CUSIP: 45506DL78<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    700000 | PA      | $695510.62    | 0.09%             | 2028-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Virgin Islands Public Finance Authority                                          | Virgin Islands Public Finance Authority, Series 2024 A                                               | CUSIP: 927677AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1000000 | PA      | $1004961.20   | 0.13%             | 2053-04-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                                 | City of Erie Higher Education Building Authority, Series 2016                                        | CUSIP: 295435DJ7<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    230000 | PA      | $228838.85    | 0.03%             | 2026-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series N                                | CUSIP: 20775DDU3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    605000 | PA      | $592782.03    | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2022 A                                  | CUSIP: 64542UGE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537906.65   | 0.19%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                      | George L Smith II Congress Center Authority, Series 2021 B                                           | CUSIP: 37255MAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1099321.70   | 0.14%             | 2031-01-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2015 A                                                            | CUSIP: 45203HV41<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250002.13    | 0.03%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019 A | CUSIP: 54628DAJ9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    450000 | PA      | $419260.14    | 0.05%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Moorhead MN                                                              | City of Moorhead, Series 2016                                                                        | CUSIP: 61615DBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1156103.14   | 0.15%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | King County Housing Authority, Series 2008                                                           | CUSIP: 494762KG1<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4005093.20   | 0.50%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2017                                       | CUSIP: 71781XDA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   8915000 | PA      | $8817345.98   | 1.11%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The)                                   | Charlotte-Mecklenburg Hospital Authority (The), Series 2018 G                                        | CUSIP: 160853UL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | STIV             | MUN               | US        |   1050000 | PA      | $1050000.00   | 0.13%             | 2048-01-15      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series G-1                              | CUSIP: 20775DEA6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100904.73    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston, Series 2020 A                                                                       | CUSIP: 442349DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004390.00   | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2022 A                          | CUSIP: 72178AAJ1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1302459.03   | 0.16%             | 2057-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | West Virginia Hospital Finance Authority, Series 2014 A                                              | CUSIP: 956622F66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235217.56    | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlantic City NJ                                                         | City of Atlantic City, Series 2013                                                                   | CUSIP: 048339TV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44824.89     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority, Series 2014 A                                | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2564720.16   | 0.32%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Butler County Hospital Authority                                                 | Butler County Hospital Authority, Series 2015 A                                                      | CUSIP: 123592DK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19997.61     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                                                         | Village of Bridgeview, Series 2015 A                                                                 | CUSIP: 108555HV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39941.06     | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Landfall Village MN                                                      | City of Landfall Village, Series 2024                                                                | CUSIP: 514895AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244089.73    | 0.03%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019 A | CUSIP: 54628DAH3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    430000 | PA      | $408212.80    | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 D                                                              | CUSIP: 74448DAE6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    592372 | PA      | $589004.66    | 0.07%             | 2029-09-23      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | New Mexico Hospital Equipment Loan Council, Series 2019 A                                            | CUSIP: 647377AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39470.79     | 0.00%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hopkinsville KY                                                          | City of Hopkinsville, Series 2024                                                                    | CUSIP: 440014AA6<br>LEI: 549300X1JTS4B5A30M18 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9861868.00   | 1.24%             | 2054-12-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV Special Improvement District No. 1                             | City of Sparks, Series 2024                                                                          | CUSIP: 846561AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $383356.20    | 0.05%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dobbs Ferry Local Development Corp.                                              | Dobbs Ferry Local Development Corp., Series 2014                                                     | CUSIP: 256048AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19534.46     | 0.00%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Flint Hospital Building Authority                                                | Flint Hospital Building Authority, Series 2013B                                                      | CUSIP: 339511FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $804184.91    | 0.10%             | 2028-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2024 B                                                                      | CUSIP: 24880GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $488605.95    | 0.06%             | 2031-12-31      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Villages of Westport Community Development District                              | Villages of Westport Community Development District, Series 2005 A                                   | CUSIP: 927139AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35151.17     | 0.00%             | 2035-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Century Park South Community Development District                                | Century Park South Community Development District, Series 2020                                       | CUSIP: 156657AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50000.00     | 0.01%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Derby KS                                                                 | City of Derby, Series 2022                                                                           | CUSIP: 24978TAE4<br>LEI: 549300CONBN0WRKRFQ93 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1405863.53   | 0.18%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | Michigan Strategic Fund, Series 2021                                                                 | CUSIP: 594698SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $641213.08    | 0.08%             | 2031-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2024A                                                                   | CUSIP: 25483VB94<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010283.70   | 0.13%             | 2044-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2024 B                                                                      | CUSIP: 24880GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1198921.40   | 0.15%             | 2044-12-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021 A                                           | CUSIP: 93978LGD2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    305000 | PA      | $293042.11    | 0.04%             | 2028-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| California Public Finance Authority                                              | California Public Finance Authority, Series 2025A-2                                                  | CUSIP: 13057TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4058953.34   | 0.51%             | 2065-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York & New Jersey, Series 189                                                  | CUSIP: 73358WWX8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2415196.34   | 0.30%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2015 C                                                            | CUSIP: 45203HY22<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1335589.34   | 0.17%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York & New Jersey, Series 193                                                  | CUSIP: 73358WYK4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3540000 | PA      | $3546441.74   | 0.44%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Rantoul IL                                                            | Village of Rantoul, Series 2024                                                                      | CUSIP: 753297AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $391526.40    | 0.05%             | 2033-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | Allegheny County Higher Education Building Authority, Series 2016                                    | CUSIP: 01728RMH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $573283.26    | 0.07%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Public Finance Authority                                          | Virgin Islands Public Finance Authority, Series 2012 A                                               | CUSIP: 927676RP3<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    240000 | PA      | $231832.92    | 0.03%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2025A                                                      | CUSIP: 68608JZQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1005967.35   | 0.13%             | 2045-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2024 A                                                | CUSIP: 187145UP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $312347.56    | 0.04%             | 2034-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2014C                                                  | CUSIP: 452252JU4<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   5810000 | PA      | $5791094.84   | 0.73%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | State of Nevada Department of Business & Industry, Series 2025 A                                     | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34710000 | PA      | $33417059.44  | 4.19%             | 2065-01-01      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2022 A                                                            | CUSIP: 45204FSQ9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    850000 | PA      | $891578.43    | 0.11%             | 2058-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                         | California Statewide Financing Authority, Series 2002 A                                              | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204501.04    | 0.03%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2014 F                    | CUSIP: 60637AGN6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    150000 | PA      | $147705.35    | 0.02%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp.                                       | Monroe County Industrial Development Corp., Series 2019                                              | CUSIP: 61075TUF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $868415.28    | 0.11%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | Southern California Public Power Authority, Series 2023-1                                            | CUSIP: 84247PMP3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5006.18      | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Convention Enterprises, Inc.                                              | Austin Convention Enterprises, Inc., Series A                                                        | CUSIP: 052409DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20006.22     | 0.00%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2022 A                          | CUSIP: 72178AAF9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050820.70   | 0.13%             | 2035-11-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2024                                                       | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  22975000 | PA      | $23842467.08  | 2.99%             | 2032-07-15      | Variable      | 12.00%                | Yes           |                  2 | On Loan: No      |
| Peace Crossing Community Development District                                    | Peace Crossing Community Development District, Series 2024                                           | CUSIP: 70459HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $863218.74    | 0.11%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | Ohio Air Quality Development Authority, Series 2019 A                                                | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9635.84      | 0.00%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | North Carolina Medical Care Commission, Series 2015                                                  | CUSIP: 65821DSM4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999645.00   | 0.63%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlantic City NJ                                                         | City of Atlantic City, Series AND TAX APPEAL REF BDS 2013                                            | CUSIP: 048339TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9850.00      | 0.00%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2021 A                                              | CUSIP: 041806E97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $305500.09    | 0.04%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Co.                                           | Suffolk Regional Off-Track Betting Co., Series 2024                                                  | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $796788.17    | 0.10%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | Illinois State Toll Highway Authority, Series 2015A                                                  | CUSIP: 452252KQ1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1894569.80   | 0.24%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | Louisville/Jefferson County Metropolitan Government, Series 2015                                     | CUSIP: 54675RCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1919883.00   | 0.24%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Central Vermont Telecommunications District                                 | East Central Vermont Telecommunications District, Series 2017 A                                      | CUSIP: 271524AJ9<br>LEI: 549300UHVQS0JED3EZ33 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60026.06     | 0.01%             | 2031-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| City of Harvey IL                                                                | City of Harvey, Series 2023 A                                                                        | CUSIP: 417704GF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $253917.67    | 0.03%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 E                                                              | CUSIP: 74448DAF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    908307 | PA      | $894748.61    | 0.11%             | 2029-11-18      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | West Virginia Hospital Finance Authority, Series 2014 A                                              | CUSIP: 956622F41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25015.05     | 0.00%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | Colorado Educational & Cultural Facilities Authority, Series 2021 A                                  | CUSIP: 19645UEV2<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    600000 | PA      | $599202.36    | 0.08%             | 2034-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                 | Onondaga Civic Development Corp., Series 2024 A                                                      | CUSIP: 682832KN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193773.04    | 0.02%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Landfall Village MN                                                      | City of Landfall Village, Series 2024                                                                | CUSIP: 514895AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $211536.05    | 0.03%             | 2030-08-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2022 A                                                            | CUSIP: 45204FSP1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    285000 | PA      | $298727.34    | 0.04%             | 2052-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Series 2014 B                                                                         | CUSIP: 67756CCC0<br>LEI: 5493005LEB5E170OMX59 | Long             | STIV             | MUN               | US        |  12750000 | PA      | $12750000.00  | 1.60%             | 2045-01-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Natchez-Adams School District                                                    | Natchez-Adams School District                                                                        | CUSIP: 631762BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $144705.21    | 0.02%             | 2031-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Huntington WV                                                            | City of Huntington, Series 2024 A                                                                    | CUSIP: 446839AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $425004.17    | 0.05%             | 2049-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority                                  | Silicon Valley Tobacco Securitization Authority, Series 2007 A                                       | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  32500000 | PA      | $17573283.00  | 2.20%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Superstition Vistas Community Facilities District No. 1                          | Superstition Vistas Community Facilities District No. 1, Series 2024                                 | CUSIP: 86852AAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $115828.46    | 0.01%             | 2034-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | California Public Finance Authority, Series 2019 A                                                   | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059321.80   | 0.26%             | 2054-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | New York City Municipal Water Finance Authority, Series 2015 GG                                      | CUSIP: 64972GHJ6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6211526.42   | 0.78%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of The City of Kingsport Tennessee (The)            | Industrial Development Board of The City of Kingsport Tennessee (The), Series 2024                   | CUSIP: 49644AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18620000 | PA      | $18622124.54  | 2.34%             | 2054-12-01      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Yamhill County Hospital Authority                                                | Yamhill County Hospital Authority, Series 2016A                                                      | CUSIP: 98464UAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $434566.31    | 0.05%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority, Series 2015 C                                         | CUSIP: 696507TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20002.39     | 0.00%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2016 B          | CUSIP: 79766DGF0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $13983706.80  | 1.75%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crossings Community Development District                                         | Crossings Community Development District, Series 2024                                                | CUSIP: 22766NAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $297153.57    | 0.04%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Village of Romeoville IL                                                         | Village of Romeoville, Series 2018 B                                                                 | CUSIP: 77615NAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1566145.22   | 0.20%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Balm Grove Community Development District                                        | Balm Grove Community Development District, Series 2022                                               | CUSIP: 05874FAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1196617.42   | 0.15%             | 2032-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2018 A                                    | CUSIP: 83703FKX9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    425000 | PA      | $425000.00    | 0.05%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank, Series 2013A                                                           | CUSIP: 60534TLV5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     40000 | PA      | $38413.86     | 0.00%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LTC Ranch West Residential Community Development District                        | LTC Ranch West Residential Community Development District, Series 2021 B                             | CUSIP: 50218SAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1225213.70   | 0.15%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Norfolk Redevelopment & Housing Authority                                        | Norfolk Redevelopment & Housing Authority                                                            | CUSIP: 655909CF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4945000 | PA      | $4945349.12   | 0.62%             | 2035-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority, Series 2016                                   | CUSIP: 645790BW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $132844.32    | 0.02%             | 2033-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | Hidalgo County Regional Mobility Authority, Series B                                                 | CUSIP: 42934ABR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90523.59     | 0.01%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp.                                    | New York State Environmental Facilities Corp., Series 2020 R-1                                       | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | STIV             | MUN               | US        |   2475000 | PA      | $2455388.84   | 0.31%             | 2050-09-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2013                            | CUSIP: 72177MPP6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1048362.93   | 0.13%             | 2043-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | Capital Trust Authority, Series 2024 A                                                               | CUSIP: 14055AAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3438804.25   | 0.43%             | 2044-12-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| City of Landfall Village MN                                                      | City of Landfall Village, Series 2024                                                                | CUSIP: 514895AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $220707.86    | 0.03%             | 2031-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2022 A                                                            | CUSIP: 45204FSN6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050863.50   | 0.13%             | 2047-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The)            | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2016                   | CUSIP: 71885FEN3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967755.70    | 0.12%             | 2036-07-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Butler County Hospital Authority                                                 | Butler County Hospital Authority, Series 2015 A                                                      | CUSIP: 123592DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1361881.24   | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2017                                               | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2422814.25   | 0.30%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | California School Finance Authority, Series 2025 A                                                   | CUSIP: 13058TUZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3305000 | PA      | $3255921.08   | 0.41%             | 2040-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Western Illinois Economic Development Authority                                  | Western Illinois Economic Development Authority, Series 2016                                         | CUSIP: 958362BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $719192.46    | 0.09%             | 2028-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Tuckers Pointe Community Development District                                    | Tuckers Pointe Community Development District, Series 2022                                           | CUSIP: 898691AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4231659.15   | 0.53%             | 2032-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Sugar Land TX                                                            | City of Sugar Land                                                                                   | CUSIP: 8648553P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25040.65     | 0.00%             | 2032-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                 | East Nassau Stewardship District, Series 2024                                                        | CUSIP: 273794AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $834602.16    | 0.10%             | 2031-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| City of North Tonawanda NY                                                       | City of North Tonawanda                                                                              | CUSIP: 662871K50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500673.00   | 0.31%             | 2025-05-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series G-1                              | CUSIP: 20775DEC2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101447.78    | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019 A | CUSIP: 54628DAF7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    390000 | PA      | $384448.43    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024                                                | CUSIP: 63608TAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1517000 | PA      | $962081.40    | 0.12%             | 2032-04-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | Pennsylvania Housing Finance Agency, Series 2023 143A                                                | CUSIP: 70879QUK7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3102985.80   | 0.39%             | 2046-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2015 C                                                            | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    120000 | PA      | $115479.46    | 0.01%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Batesville Public Facilities Board                                               | Batesville Public Facilities Board, Series 2020                                                      | CUSIP: 070668AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $21702.42     | 0.00%             | 2032-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority, Series 2004 B                                         | CUSIP: 696507RV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14396.69     | 0.00%             | 2034-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2013                                                               | CUSIP: 45506DHP3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     25000 | PA      | $22948.70     | 0.00%             | 2033-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2022 A                                                | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6230000 | PA      | $6292711.80   | 0.79%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority, Series 2016                                   | CUSIP: 645790BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $44703.56     | 0.01%             | 2032-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Avenir Community Development District                                            | Avenir Community Development District, Series 2021 A-1                                               | CUSIP: 05357JAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3065000 | PA      | $2809277.24   | 0.35%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                              | Atlanta Development Authority (The), Series 2024 A-2                                                 | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2858045.55   | 0.36%             | 2039-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2014 A                                  | CUSIP: 64542RAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996785.50    | 0.13%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2021                                                               | CUSIP: 263804CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $332239.98    | 0.04%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2025 A                                                     | CUSIP: 340618DZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | STIV             | MUN               | US        |  35710000 | PA      | $36813846.09  | 4.62%             | 2057-07-01      | Variable      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                 | Oneida Indian Nation of New York, Series 2024 B                                                      | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $153610.71    | 0.02%             | 2043-09-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Abilene Convention Center Hotel Development Corp.                                | Abilene Convention Center Hotel Development Corp., Series 2021 B                                     | CUSIP: 00344PAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $453892.45    | 0.06%             | 2031-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024                                                | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1875150.28   | 0.24%             | 2035-12-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2015                                   | CUSIP: 70869PJT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10134.40     | 0.00%             | 2026-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024                                     | CUSIP: 97671VCN3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3397204.66   | 0.43%             | 2045-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2017 A                             | CUSIP: 5742182E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600467.84   | 0.20%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2018                                                               | CUSIP: 263804BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $756125.98    | 0.09%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coachella Valley Water District Drinking Water System Revenue                    | Coachella Valley Water District Drinking Water System, Series 2022 A                                 | CUSIP: 18985EAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4986.72      | 0.00%             | 2025-06-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                               | Montana Facility Finance Authority, Series 2020 A                                                    | CUSIP: 612043LK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $43487.37     | 0.01%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | County of Prince George's, Series 2018                                                               | CUSIP: 74172RBQ9<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1979895.60   | 0.25%             | 2048-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                    | American Samoa Economic Development Authority, Series 2018                                           | CUSIP: 02936TAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | AS        |   1995000 | PA      | $2119005.81   | 0.27%             | 2038-09-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | Montgomery County Higher Education and Health Authority, Series 2014 A                               | CUSIP: 613603TJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50002.39     | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antillia Community Development District                                          | Antillia Community Development District, Series 2024                                                 | CUSIP: 03706FAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250606.28    | 0.03%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2021 A-1                                | CUSIP: 64542PGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $739172.40    | 0.09%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series G-1                              | CUSIP: 20775DED0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101302.50    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Sewanhaka Central High School District of Elmont                                 | Sewanhaka Central High School District of Elmont, Series 2016                                        | CUSIP: 818359EG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49743.62     | 0.01%             | 2025-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Loan Council                                                   | Florida Municipal Loan Council, Series 2024                                                          | CUSIP: 34281UAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $274219.03    | 0.03%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Yamhill County Hospital Authority                                                | Yamhill County Hospital Authority, Series 2016A                                                      | CUSIP: 98464UAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147546.92    | 0.02%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oneida County Local Development Corp.                                            | Oneida County Local Development Corp., Series 2019                                                   | CUSIP: 682440BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80004.86     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crawford County Memorial Hospital, Inc.                                          | Crawford County Memorial Hospital, Inc., Series 2024                                                 | CUSIP: 224832BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007639.30   | 0.13%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Illinois Economic Development Authority                                  | Western Illinois Economic Development Authority, Series 2016                                         | CUSIP: 958362BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $616604.69    | 0.08%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2022 C                                                         | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495926.45    | 0.06%             | 2052-08-01      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Dakota County Community Development Agency                                       | Dakota County Community Development Agency, Series 2015                                              | CUSIP: 23409VEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1157269.65   | 0.15%             | 2035-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2021                                                              | CUSIP: 594479GN1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $389551.70    | 0.05%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                              | CUSIP: 74448DAD8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    462737 | PA      | $450636.43    | 0.06%             | 2029-09-17      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| LTC Ranch West Residential Community Development District                        | LTC Ranch West Residential Community Development District, Series 2024 AA-4                          | CUSIP: 50218SAM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $342256.01    | 0.04%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Hardin OH                                                              | County of Hardin, Series 2020                                                                        | CUSIP: 412003AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $73813.46     | 0.01%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | Bucks County Industrial Development Authority, Series 2021                                           | CUSIP: 11861MAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284244.18    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Firefly Public Infrastructure District No. 1 Assessment Area No. 1               | Firefly Public Infrastructure District No. 1, Series 2024 A-2                                        | CUSIP: 31816CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972624.70    | 0.12%             | 2043-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series 2015 E                                               | CUSIP: 837151K40<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1121493.86   | 0.14%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                 | Onondaga Civic Development Corp., Series 2024 A                                                      | CUSIP: 682832KM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $506793.40    | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crosswinds East Community Development District                                   | Crosswinds East Community Development District, Series 2024                                          | CUSIP: 22769LAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $236842.30    | 0.03%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Eagle County Airport Terminal Corp.                                              | Eagle County Airport Terminal Corp., Series B                                                        | CUSIP: 26947EBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5490610.68   | 0.69%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series G-1                              | CUSIP: 20775DEB4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101223.08    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | Bucks County Industrial Development Authority, Series 2021                                           | CUSIP: 11861MAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $632018.70    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government                                  | Wyandotte County-Kansas City Unified Government, Series 2022                                         | CUSIP: 98267VDK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5083333.00   | 0.64%             | 2039-09-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2018                                                               | CUSIP: 263804BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74438.90     | 0.01%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2016 A                                             | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000074.10   | 0.13%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2023 A                                              | CUSIP: 04052BTE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1447357.50   | 0.18%             | 2058-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series B                                                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500063.00    | 0.06%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government                                  | Wyandotte County-Kansas City Unified Government, Series 2022                                         | CUSIP: 98267VDL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14189767.20  | 1.78%             | 2041-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp.                                             | Kalamazoo Economic Development Corp., Series 2021                                                    | CUSIP: 483228EB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $858164.88    | 0.11%             | 2031-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kerrville Health Facilities Development Corp.                                    | Kerrville Health Facilities Development Corp., Series 2015                                           | CUSIP: 492436AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750022.40   | 0.22%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2018 A                                                | CUSIP: 13048VBD9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35028.69     | 0.00%             | 2025-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegany County Capital Resource Corp.                                           | Allegany County Capital Resource Corp., Series 2022 A                                                | CUSIP: 017095AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1317913.37   | 0.17%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Valley Community Infrastructure District No. 1                            | Spring Valley Community Infrastructure District No. 1, Series 2024                                   | CUSIP: 850072AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049120.00   | 0.26%             | 2053-09-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Development Authority of The City of Marietta                                    | Development Authority of The City of Marietta, Series 2017 A                                         | CUSIP: 567656DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400719.88    | 0.05%             | 2027-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Pine Island Community Development District                                       | Pine Island Community Development District, Series 2004                                              | CUSIP: 722618AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $672921.54    | 0.08%             | 2035-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                              | Atlanta Development Authority (The), Series 2024-1, Class A                                          | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $860760.20    | 0.11%             | 2048-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| City of Landfall Village MN                                                      | City of Landfall Village, Series 2024                                                                | CUSIP: 514895AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $202206.18    | 0.03%             | 2029-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Aerotropolis Regional Transportation Authority                                   | Aerotropolis Regional Transportation Authority, Series 2024                                          | CUSIP: 008051AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5018011.50   | 0.63%             | 2054-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                               | Rhode Island Health and Educational Building Corp., Series 2016                                      | CUSIP: 762244FP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2841598.64   | 0.36%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series N                                | CUSIP: 20775DDV1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    645000 | PA      | $626554.68    | 0.08%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Temple TX                                                                | City of Temple, Series 2018 A                                                                        | CUSIP: 880157BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2818568.22   | 0.35%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | City of Los Angeles Department of Airports, Series 2016A                                             | CUSIP: 544445J83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10176.78     | 0.00%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Airports Improvement Trust                                                 | Tulsa Airports Improvement Trust, Series 2015                                                        | CUSIP: 899661EL2<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  18705000 | PA      | $18691173.26  | 2.34%             | 2035-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville TX                                                            | City of Huntsville, Series 2024                                                                      | CUSIP: 447288AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $351163.44    | 0.04%             | 2031-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority Future Tax Secured, Series 2011 A-4                     | CUSIP: 64971XKU1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2250000 | PA      | $2250000.00   | 0.28%             | 2039-08-01      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan U.S. Government Money Market Fund                                      | JP Morgan U.S. Government Money Market Fund, Capital Shares                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |     64910 | NS      | $64910.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank, Series 2013 A                                                          | CUSIP: 60534TLM5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    145000 | PA      | $135923.41    | 0.02%             | 2028-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2014                                                      | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10500279.30  | 1.32%             | 2040-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2016 A                                             | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1351858.74   | 0.17%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                         | Arizona Board of Regents, Series 2015A                                                               | CUSIP: 04048RLR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1265516.25   | 0.16%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norwood OH                                                               | City of Norwood, Series 2025                                                                         | CUSIP: 669681AA6<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |    645000 | PA      | $635107.31    | 0.08%             | 2030-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                 | Onondaga Civic Development Corp., Series 2024 A                                                      | CUSIP: 682832KL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $309591.89    | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                              | CUSIP: 74448DAA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    503303 | PA      | $505494.18    | 0.06%             | 2029-06-17      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2018 A                                      | CUSIP: 56681NCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3366979.98   | 0.42%             | 2052-07-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Tulsa Airports Improvement Trust                                                 | Tulsa Airports Improvement Trust, Series 2001 B                                                      | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004526.00   | 0.63%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Elbert County Independence Water & Sanitation District                           | Elbert County Independence Water & Sanitation District, Series 2024                                  | CUSIP: 45380AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1009000 | PA      | $981396.18    | 0.12%             | 2033-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                          | County of Washington, Series 2022                                                                    | CUSIP: 938154DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1155348.25   | 0.14%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 B                                                              | CUSIP: 74448DAM8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    391851 | PA      | $386747.81    | 0.05%             | 2030-02-18      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2025 A                                  | CUSIP: 64542PGN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2449038.25   | 0.31%             | 2035-07-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| City of Campbellsville KY                                                        | City of Campbellsville, Series 2013 A                                                                | CUSIP: 134517CJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24975.20     | 0.00%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connerton East Community Development District                                    | Connerton East Community Development District, Series 2025                                           | CUSIP: 208185AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196407.02    | 0.02%             | 2035-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                              | CUSIP: 74448DAL0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    465434 | PA      | $458635.96    | 0.06%             | 2030-02-20      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                       | City of Shakopee, Series 2018                                                                        | CUSIP: 81919TAA4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   9370000 | PA      | $9345249.15   | 1.17%             | 2058-11-01      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | County of Prince George's, Series 2018                                                               | CUSIP: 74172RBN6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205612.76   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2022                                                              | CUSIP: 594479HF7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     40000 | PA      | $28822.55     | 0.00%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2015 A                                                            | CUSIP: 45203HU59<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    245000 | PA      | $233731.13    | 0.03%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Downtown East Streetcar Sewer Public Infrastructure District                     | Downtown East Streetcar Sewer Public Infrastructure District, Series 2022A                           | CUSIP: 261151AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1966623.80   | 0.25%             | 2042-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 1999                                               | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    210000 | PA      | $210008.06    | 0.03%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2022 B-1                        | CUSIP: 72178AAK8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010291.00   | 0.25%             | 2031-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2017                                                                | CUSIP: 74446HAB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2518070.50   | 0.32%             | 2037-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Syracuse Regional Airport Authority                                              | Syracuse Regional Airport Authority, Series 2021                                                     | CUSIP: 871740AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008173.40   | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarksville Public Educational Facilities Board                                  | Clarksville Public Educational Facilities Board, Series 2024 B                                       | CUSIP: 18233PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1050636.18   | 0.13%             | 2034-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wood Ranch Public Infrastructure District                                        | Wood Ranch Public Infrastructure District, Series 2024                                               | CUSIP: 97850AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1256048.17   | 0.16%             | 2053-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Silverlake Community Development District                                        | Silverlake Community Development District, Series 2024                                               | CUSIP: 828385AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $388640.32    | 0.05%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | New Jersey Educational Facilities Authority, Series 2017 F                                           | CUSIP: 646066Y87<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21108.89     | 0.00%             | 2030-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024                                     | CUSIP: 97671VCP8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1454522.85   | 0.18%             | 2055-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Terra Lago Community Development District                                        | Terra Lago Community Development District, Series 2025                                               | CUSIP: 88104DAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $647216.38    | 0.08%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2016 A                                                              | CUSIP: 74442PCN3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1007986.66   | 0.13%             | 2026-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kaweah Delta Health Care District Guild                                          | Kaweah Delta Health Care District Guild, Series 2015 B                                               | CUSIP: 486375GS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $279145.74    | 0.04%             | 2029-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2024 A                                                     | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   9750000 | PA      | $10068953.70  | 1.26%             | 2059-07-15      | Variable      | 10.00%                | Yes           |                  2 | On Loan: No      |
| Pueblo Urban Renewal Authority                                                   | Pueblo Urban Renewal Authority, Series 2017                                                          | CUSIP: 74482BAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92180.69     | 0.01%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Indian Lake NY                                                           | Town of Indian Lake                                                                                  | CUSIP: 454290BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500317.50   | 0.31%             | 2025-05-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2012                                               | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100011.56    | 0.01%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2022                                                              | CUSIP: 45204FPM1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    465000 | PA      | $457440.54    | 0.06%             | 2026-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                    | Epperson North Community Development District, Series 2018 A-1                                       | CUSIP: 29429VAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1009599.73   | 0.13%             | 2049-11-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2017                                                               | CUSIP: 45506DF91<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    950000 | PA      | $895834.90    | 0.11%             | 2047-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2022                                                | CUSIP: 57584Y2V0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    485000 | PA      | $482495.31    | 0.06%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Lincolnwood Il                                                        | Village of Lincolnwood Il, Series 2025 B                                                             | CUSIP: 53509AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493883.10    | 0.06%             | 2043-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Village of Romeoville IL                                                         | Village of Romeoville, Series 2018 B                                                                 | CUSIP: 77615NAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $485302.93    | 0.06%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank, Series 2025 A                                 | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4439924.14   | 0.56%             | 2065-01-01      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series N                                | CUSIP: 20775DDT6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    575000 | PA      | $568425.68    | 0.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                               | City of Fontana, Series 2017                                                                         | CUSIP: 344630SF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $282669.41    | 0.04%             | 2025-09-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                              | CUSIP: 74443DLA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1051404.72   | 0.13%             | 2035-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, Series 2018                                                    | CUSIP: 167590FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11005000 | PA      | $10862891.33  | 1.36%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District (The)                                                 | Lower Alabama Gas District (The), Series 2020                                                        | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5002.15      | 0.00%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022A                                                               | CUSIP: 74442EJU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1174162.81   | 0.15%             | 2025-06-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Marion Ranch Community Development District                                      | Marion Ranch Community Development District, Series 2024                                             | CUSIP: 570001AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250239.35    | 0.03%             | 2031-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 A                                                              | CUSIP: 74442EJB7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    615000 | PA      | $583229.90    | 0.07%             | 2032-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                               | Miami-Dade County Industrial Development Authority, Series 2020 A                                    | CUSIP: 59334GAF4<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    570000 | PA      | $540128.92    | 0.07%             | 2030-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Fields Estates Public Infrastructure District                                    | Fields Estates Public Infrastructure District, Series 2024 A-2                                       | CUSIP: 31657CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1383470.55   | 0.17%             | 2053-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Port of Morrow OR                                                                | Port of Morrow, Series 2024 A                                                                        | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6155000 | PA      | $6163715.48   | 0.77%             | 2026-10-01      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| City of Long Beach CA Marina System Revenue                                      | City of Long Beach, Series 2015                                                                      | CUSIP: 542426CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250043.20    | 0.03%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2021                                                               | CUSIP: 263804CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $575514.99    | 0.07%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                             | Babcock Ranch Community Independent Special District, Series 2022                                    | CUSIP: 05616KBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14881.58     | 0.00%             | 2032-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series A                                                          | CUSIP: 34061UCR7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1079326.66   | 0.14%             | 2037-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2018 A                                             | CUSIP: 645912ER3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967226.60    | 0.12%             | 2033-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2016                                                                | CUSIP: 74445FAG9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7330000 | PA      | $6686032.38   | 0.84%             | 2031-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019 A | CUSIP: 54628DAG5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    410000 | PA      | $396809.81    | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Memorial Hospital/IA                                             | Delaware County Memorial Hospital, Series 2025                                                       | CUSIP: 245844CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $433610.62    | 0.05%             | 2034-12-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| St Mary Hospital Authority                                                       | St. Mary Hospital Authority, Series 2007 F                                                           | CUSIP: 85230MBH6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    690000 | PA      | $670467.76    | 0.08%             | 2034-11-15      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Polk County Hospital Facility Authority                                          | Polk County Hospital Facility Authority, Series 2015 A                                               | CUSIP: 731347AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3680242.51   | 0.46%             | 2035-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Kaweah Delta Health Care District Guild                                          | Kaweah Delta Health Care District Guild, Series 2015 B                                               | CUSIP: 486375GU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $45228.42     | 0.01%             | 2031-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 816                        | City of Las Vegas, Series 2021                                                                       | CUSIP: 51779AAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $192426.94    | 0.02%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2016 A                                             | CUSIP: 650116CU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50540.82     | 0.01%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024                                                | CUSIP: 63608TAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2526000 | PA      | $2415992.95   | 0.30%             | 2032-12-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2016 A                                             | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1276876.99   | 0.16%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2024 B                                                                      | CUSIP: 24880GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472870.60    | 0.06%             | 2054-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2016                                                                | CUSIP: 74443DBX8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29497.85     | 0.00%             | 2028-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024                                                                | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1072000 | PA      | $599683.34    | 0.08%             | 2034-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| City of Moorhead MN                                                              | City of Moorhead, Series 2016                                                                        | CUSIP: 61615DBT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1337072.67   | 0.17%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2025A                                                             | CUSIP: 45204FJ22<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    700000 | PA      | $692415.22    | 0.09%             | 2035-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2020                                                               | CUSIP: 263804CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $120713.45    | 0.02%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                              | Atlanta Development Authority (The), Series 2024 A-1                                                 | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3190705.70   | 0.40%             | 2034-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Westchester County Industrial Development Agency                                 | Westchester County Industrial Development Agency, Series 2017 A                                      | CUSIP: 95737MAA9<br>LEI: 549300YOPFLG4RJ5YO58 | Long             | DBT              | MUN               | US        |    400000 | PA      | $416642.88    | 0.05%             | 2046-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| County of Frederick MD                                                           | County of Frederick, Series 2017 A                                                                   | CUSIP: 355697CE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $734299.11    | 0.09%             | 2032-09-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Great Falls MT                                                           | City of Great Falls, Series 2021                                                                     | CUSIP: 390466GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $820309.74    | 0.10%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2019 A                                                    | CUSIP: 64990GLT7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89423.41     | 0.01%             | 2031-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Grindstone Plaza Transportation Development District                             | Grindstone Plaza Transportation Development District, Series 2006 A                                  | CUSIP: 398547AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99754.93     | 0.01%             | 2026-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2019                                                       | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140727.83    | 0.02%             | 2029-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Glens Falls NY                                                           | City of Glens Falls, Series 2011                                                                     | CUSIP: 378846AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075628.77   | 0.13%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2022A                                                               | CUSIP: 12008EST4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1483018.35   | 0.19%             | 2052-07-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| City of Norwood OH                                                               | City of Norwood, Series 2025                                                                         | CUSIP: 669681AB4<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |    750000 | PA      | $755063.48    | 0.09%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | New Jersey Educational Facilities Authority, Series 2017 F                                           | CUSIP: 646066Z52<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    185000 | PA      | $157423.64    | 0.02%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Terreno Community Development District                                           | Terreno Community Development District, Series 2025                                                  | CUSIP: 88145KAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375229.84    | 0.05%             | 2032-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2019                                                              | CUSIP: 45204E4N5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2075466.77   | 0.26%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                   | CUSIP: 97712JJF1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512781.90    | 0.06%             | 2059-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2013A                                                              | CUSIP: 45506DEL5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972599.60    | 0.12%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                 | California Community College Financing Authority, Series 2018                                        | CUSIP: 13012RAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50000.00     | 0.01%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024                                                                | CUSIP: 74442PD85<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982030.70    | 0.12%             | 2029-11-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Kaweah Delta Health Care District Guild                                          | Kaweah Delta Health Care District Guild, Series 2015 B                                               | CUSIP: 486375GX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $378520.14    | 0.05%             | 2035-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2025A                                                      | CUSIP: 68608JZP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $410221.85    | 0.05%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2016                                                              | CUSIP: 45204EEE4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1380936.60   | 0.17%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                | City of Horace, Series 2020 B                                                                        | CUSIP: 440365FX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90186.86     | 0.01%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern Groves Community Development District No. 5                             | Southern Groves Community Development District No. 5, Series 2019                                    | CUSIP: 843021AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $276978.74    | 0.03%             | 2029-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                      | Development Authority of Burke County (The), Series 2018                                             | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.38%             | 2052-11-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                 | Onondaga Civic Development Corp., Series 2024 A                                                      | CUSIP: 682832KG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $669127.83    | 0.08%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond Hospital Authority                                                      | Richmond Hospital Authority, Series 2015 A                                                           | CUSIP: 764791AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800518.08    | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 A                                                              | CUSIP: 74443DHG9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1879811.58   | 0.24%             | 2042-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Del Norte CO                                                             | Town of Del Norte, Series 2024                                                                       | CUSIP: 245256AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $757947.67    | 0.10%             | 2034-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                       | Development Authority of Cobb County (The), Series 2014 C                                            | CUSIP: 190778JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235044.18    | 0.03%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | New York State Energy Research & Development Authority, Series 1997 A                                | CUSIP: 649845HE7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |     10000 | PA      | $9976.51      | 0.00%             | 2032-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                     | Industrial Development Authority of the County of Pima (The), Series 2022 A                          | CUSIP: 72178AAC6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    665000 | PA      | $665994.24    | 0.08%             | 2025-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Beach Road Golf Estates Community Development District                           | Beach Road Golf Estates Community Development District, Series 2015                                  | CUSIP: 073459AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125104.20    | 0.02%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2017 A                             | CUSIP: 5742182Q5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9080000 | PA      | $8956122.47   | 1.12%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                              | CUSIP: 74448DAG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    133955 | PA      | $132967.74    | 0.02%             | 2029-12-16      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                              | CUSIP: 04052BPF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197890.58    | 0.02%             | 2028-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2017 A                                                              | CUSIP: 74443UAV5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85321.68     | 0.01%             | 2029-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Yarborough Lane Community Development District                                   | Yarborough Lane Community Development District, Series 2024                                          | CUSIP: 984853AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247372.63    | 0.03%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024                                                | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2435512.75   | 0.31%             | 2031-12-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2017                                                | CUSIP: 57584X3Q2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    675000 | PA      | $662494.61    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2014, Class 3                                             | CUSIP: 649519DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500312.85    | 0.06%             | 2044-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2021                                    | CUSIP: 64542QBY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $438990.16    | 0.06%             | 2025-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2016 A                                                              | CUSIP: 74442PCR4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500147.75   | 0.19%             | 2036-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                 | East Nassau Stewardship District                                                                     | CUSIP: 27379AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5453394.65   | 0.68%             | 2029-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority, Series 2016 A                                | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  16320000 | PA      | $16265318.21  | 2.04%             | 2056-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2025                                                              | CUSIP: 45204FZN8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4985941.50   | 0.63%             | 2035-08-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2015                                                                | CUSIP: 12008ELT1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   3880000 | PA      | $3884017.74   | 0.49%             | 2045-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024                                     | CUSIP: 97671VCQ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   7320000 | PA      | $7156596.37   | 0.90%             | 2060-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | County of Cook, Series 2024                                                                          | CUSIP: 213226AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1988935.20   | 0.25%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MTA Hudson Rail Yards Trust Obligations                                          | MTA Hudson Rail Yards Trust Obligations, Series 2016 A                                               | CUSIP: 62476RAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19848.90     | 0.00%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prince George's County Revenue Authority                                         | Prince George's County Revenue Authority, Series 2016                                                | CUSIP: 74173KAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1911594.00   | 0.24%             | 2046-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Buda TX                                                                  | City of Buda, Series 2025                                                                            | CUSIP: 118829AD2<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975226.60    | 0.12%             | 2033-09-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Western Illinois Economic Development Authority                                  | Western Illinois Economic Development Authority, Series 2016                                         | CUSIP: 958362BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193037.80    | 0.02%             | 2027-06-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                 | Onondaga Civic Development Corp., Series 2024 A                                                      | CUSIP: 682832KP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $241319.15    | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024                                     | CUSIP: 97671VCM5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2613325.01   | 0.33%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series 2015 A                                  | CUSIP: 70917SML4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23137.12     | 0.00%             | 2029-11-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| City of Landfall Village MN                                                      | City of Landfall Village, Series 2024                                                                | CUSIP: 514895AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $230042.89    | 0.03%             | 2032-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank, Series 2013 A                                                          | CUSIP: 60534TLW3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    130000 | PA      | $115610.08    | 0.01%             | 2030-03-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2024                                                       | CUSIP: 340618DM6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5226137.70   | 0.66%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                              | CUSIP: 74448DAJ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    512520 | PA      | $506410.35    | 0.06%             | 2030-01-20      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2019                                                              | CUSIP: 45204E6R4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1172472.21   | 0.15%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024                                                | CUSIP: 63608TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    272000 | PA      | $267955.90    | 0.03%             | 2032-12-01      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Virgin Islands Public Finance Authority                                          | Virgin Islands Public Finance Authority, Series 2014 C                                               | CUSIP: 927676TP1<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1500000 | PA      | $1484555.40   | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | Wayne County Airport Authority, Series F                                                             | CUSIP: 944514TK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004838.40   | 0.38%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | Oklahoma County Finance Authority, Series 2024                                                       | CUSIP: 67868WAA7<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    775000 | PA      | $759634.93    | 0.10%             | 2034-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Calcasieu Parish Memorial Hospital Service District                              | Calcasieu Parish Memorial Hospital Service District, Series 2019                                     | CUSIP: 128423EX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1985708.60   | 0.25%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2018                                                               | CUSIP: 263804BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2965953.29   | 0.37%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                              | CUSIP: 74439YGE5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1234365.24   | 0.15%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Osceola Chain Lakes Community Development District                               | Osceola Chain Lakes Community Development District, Series 2020                                      | CUSIP: 688017AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $328655.95    | 0.04%             | 2030-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                              | CUSIP: 74448DAH9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    370449 | PA      | $367573.80    | 0.05%             | 2029-12-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                 | Onondaga Civic Development Corp., Series 2024 A                                                      | CUSIP: 682832KQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $264330.83    | 0.03%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2017A                                                 | CUSIP: 13048T3X9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1034819.29   | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DuBois Hospital Authority, Series 2021                                                               | CUSIP: 263804CU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $122428.41    | 0.02%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2024                                                                        | CUSIP: 24880GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975948.40    | 0.12%             | 2031-12-31      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                              | CUSIP: 74446DAL2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3599273.65   | 0.45%             | 2035-09-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| St Louis County Industrial Development Authority                                 | St Louis County Industrial Development Authority, Series 2013 A                                      | CUSIP: 791524BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000036.40   | 0.13%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | California Pollution Control Financing Authority, Series 2023                                        | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2000000 | PA      | $1993127.00   | 0.25%             | 2043-07-01      | Variable      | 3.70%                 | Yes           |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2014 B                                                            | CUSIP: 59447PYJ4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25032.09     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | Capital Projects Finance Authority, Series 2025 A                                                    | CUSIP: 14043HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493977.80   | 0.19%             | 2035-01-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Butler County Hospital Authority                                                 | Butler County Hospital Authority, Series 2015 A                                                      | CUSIP: 123592DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4189629.12   | 0.53%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Calumet City IL                                                          | City of Calumet City, Series 2023 B                                                                  | CUSIP: 131393TX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $547222.74    | 0.07%             | 2037-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Dorchester TX                                                            | City of Dorchester, Series 2024                                                                      | CUSIP: 25821LAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $338624.65    | 0.04%             | 2031-09-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2015 A                                                             | CUSIP: 45506DRA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    125000 | PA      | $119666.24    | 0.02%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District 2                               | Lakes of Sarasota Community Development District 2, Series B                                         | CUSIP: 51207BAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $2978007.53   | 0.37%             | 2035-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2022                                                | CUSIP: 57584Y2U2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    465000 | PA      | $463979.28    | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series G-1                              | CUSIP: 20775DEF5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151435.95    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                 | Alaska Industrial Development & Export Authority, Series 2020 A                                      | CUSIP: 011903HC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $957376.88    | 0.12%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Memorial Hospital/IA                                             | Delaware County Memorial Hospital, Series 2025                                                       | CUSIP: 245844BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285859.67    | 0.04%             | 2027-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2014                                                      | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $10734423.48  | 1.35%             | 2044-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | Louisville/Jefferson County Metropolitan Government, Series 2017 A                                   | CUSIP: 54675RCY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $187280.36    | 0.02%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                       | Alachua County Health Facilities Authority, Series A                                                 | CUSIP: 010685KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24649.65     | 0.00%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2020 A                                             | CUSIP: 650116DM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1299630.25   | 0.16%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                              | County of Medina, Series 2024                                                                        | CUSIP: 584735AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1453000 | PA      | $1378647.81   | 0.17%             | 2034-09-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** First Eagle Funds

**Signature:** Shuang Wu

**Name of Signer:** Shuang Wu

**Title:** Treasurer