# EDGAR Filing Document

**Accession Number:** 0001199004
**File Stem:** 0001193125-25-247980
**Filing Date:** 2025-10
**Character Count:** 108369
**Document Hash:** 0650d119ea6e8ff3f074ba5feb6dcb94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-247980.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001193125-25-247980

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Premier Municipal Income Fund
- **CENTRAL INDEX KEY:** 0001199004

**ORGANIZATION NAME:**
- **EIN:** 470896539
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21235
- **FILM NUMBER:** 251411643

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 18003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED PREMIER MUNICIPAL INCOME FUND
- **DATE OF NAME CHANGE:** 20021125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED MUNICIPAL INCOME FUND
- **DATE OF NAME CHANGE:** 20021016

## Nport-Ex

Federated Hermes Premier Municipal Income Fund

Portfolio of Investments

August 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—97.1% |  |
|  | **Alabama—2.5%** |  |
| $1500000 | Alabama State Corrections IFA (Alabama State), Revenue Bonds (Series 2022A), 5.250%, 7/1/2052 | &nbsp;&nbsp; $1515221 |
| &nbsp;&nbsp; 2500000 | Lower Alabama Gas District, Gas Project Revenue Bonds (Series 2016A), (Goldman Sachs Group, Inc. GTD), 5.000%, 9/1/2046 | &nbsp;&nbsp; 2533952 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4049173 |
|  | **Arizona—2.8%** |  |
| &nbsp;&nbsp; 300000 | Arizona Board of Regents (Arizona State University), System Revenue Bonds (Series 2024A), 5.000%, 7/1/2042 | &nbsp;&nbsp; 313482 |
| &nbsp;&nbsp; 585000<br><sup>1</sup> <br>| Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2036 | &nbsp;&nbsp; 582648 |
| &nbsp;&nbsp; 1000000 | Phoenix, AZ Civic Improvement Corp., Junior Lien Wastewater System Revenue Bonds (Series 2023), 5.250%, 7/1/2047 | &nbsp;&nbsp; 1043999 |
| &nbsp;&nbsp; 1840000 | Phoenix, AZ IDA (GreatHearts Arizona), Education Facility Revenue Bonds (Series 2014A), 5.000%, 7/1/2034 | &nbsp;&nbsp; 1840581 |
| &nbsp;&nbsp; 625000<br><sup>1</sup> <br>| Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series 2022A), 6.750%, 11/15/2042 | &nbsp;&nbsp; 654388 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4435098 |
|  | **California—4.5%** |  |
| &nbsp;&nbsp; 165000<br><sup>1</sup> <br>| California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living Revenue Refunding Bonds (Series 2021A), <br> 5.000%, 11/15/2056<br>| &nbsp;&nbsp; 136331 |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| California Public Finance Authority (Sunrise of Manhattan Beach), Senior Living Rental Housing Revenue Bonds <br> (Series 2025-A1), (Original Issue Yield: 7.000%), 6.750%, 7/1/2065<br>| &nbsp;&nbsp; 510910 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.000%, 7/1/2035 | &nbsp;&nbsp; 1000560 |
| &nbsp;&nbsp; 1500000 | M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Citigroup, Inc. GTD), 7.000%, 11/1/2034 | &nbsp;&nbsp; 1792033 |
| &nbsp;&nbsp; 1025000 | M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Original Issue Yield: 6.375%), (Citigroup, Inc. GTD), <br> 6.125%, 11/1/2029<br>| &nbsp;&nbsp; 1085803 |
| &nbsp;&nbsp; 1500000 | San Francisco, CA City & County Airport Commission, Second Series Revenue Bonds (Series 2019F), 5.000%, 5/1/2050 | &nbsp;&nbsp; 1505723 |
| &nbsp;&nbsp; 1065000 | University of California (The Regents of), General Revenue Bonds (Series 2025CC), 5.000%, 5/15/2053 | &nbsp;&nbsp; 1088874 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7120234 |
|  | **Colorado—6.2%** |  |
| &nbsp;&nbsp; 500000 | Colorado Educational & Cultural Facilities Authority (University Lab School), Charter School Refunding & Improvement <br> Revenue Bonds (Series 2015), 5.000%, 12/15/2035<br>| &nbsp;&nbsp; 500320 |
| &nbsp;&nbsp; 800000 | Colorado Health Facilities Authority (CommonSpirit Health), Revenue Bonds (Series 2022), 5.500%, 11/1/2047 | &nbsp;&nbsp; 813537 |
| &nbsp;&nbsp; 1805000 | Colorado High Performance Transportation Enterprise, C-470 Express Lanes Senior Revenue Bonds (Series 2017), <br> 5.000%, 12/31/2056<br>| &nbsp;&nbsp; 1673303 |
| &nbsp;&nbsp; 1000000 | Colorado State Health Facilities Authority (Intermountain Healthcare Obligated Group), Revenue Bonds (Series 2024A), <br> 5.000%, 5/15/2054<br>| &nbsp;&nbsp; 998533 |
| &nbsp;&nbsp; 2000000 | Denver, CO City & County School District #1, UT GO Bonds (Series 2025A), 5.500%, 12/1/2044 | &nbsp;&nbsp; 2161661 |
| &nbsp;&nbsp; 1500000 | Douglas County, CO School District, Number Re1, UT GO Bonds (Series 2024), 5.000%, 12/15/2044 | &nbsp;&nbsp; 1553500 |
| &nbsp;&nbsp; 2070000 | Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds (Series 2008), (Original Issue Yield: 6.630%), <br> (Bank of America Corp. GTD), 6.250%, 11/15/2028<br>| &nbsp;&nbsp; 2171120 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9871974 |
|  | **Connecticut—0.5%** |  |
| &nbsp;&nbsp; 750000 | Stamford, CT Housing Authority (Mozaic Concierge Living), Revenue Bonds (Series 2025A), 6.375%, 10/1/2045 | &nbsp;&nbsp; 748705 |
|  | **Delaware—1.2%** |  |
| &nbsp;&nbsp; 2000000 | Delaware State, UT GO Bonds (Series 2025), 4.000%, 5/1/2040 | &nbsp;&nbsp; 1976917 |
|  | **District of Columbia—0.3%** |  |
| &nbsp;&nbsp; 500000 | District of Columbia (Friendship Public Charter School, Inc.), Revenue Bonds (Series 2016A), 5.000%, 6/1/2041 | &nbsp;&nbsp; 484132 |
|  | **Florida—4.8%** |  |
| &nbsp;&nbsp; 815000 | Atlantic Beach, FL Health Care Facilities (Fleet Landing Project, FL), Revenue & Refunding Bonds (Series 2013A), <br> 5.000%, 11/15/2028<br>| &nbsp;&nbsp; 815865 |
| &nbsp;&nbsp; 1000000 | Florida Development Finance Corp. (Tampa General Hospital), Healthcare Facilities Revenue Bonds (Series 2024A), <br> 5.250%, 8/1/2049<br>| &nbsp;&nbsp; 1000013 |
| &nbsp;&nbsp; 1000000 | Florida Local Government Finance Commission (Ponte Vedra Pine Company LLC), Fleet Landing at Nocatee Senior Living <br> Revenue Bonds (Series 2025A), (Original Issue Yield: 6.650%), 6.625%, 11/15/2045<br>| &nbsp;&nbsp; 1013751 |
| &nbsp;&nbsp; 500000 | Lakewood Ranch Stewardship District, FL (Taylor Ranch), Special Assessment Revenue Bonds (Series 2023), 6.125%, 5/1/2043 | &nbsp;&nbsp; 516787 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Florida—continued** |  |
| $1500000 | Miami-Dade County, FL (Miami-Dade County, FL Transit System), Sales Surtax Revenue Bonds (Series 2020A), <br> 4.000%, 7/1/2050<br>| &nbsp;&nbsp; $1263819 |
| &nbsp;&nbsp; 2025000 | Miami-Dade County, FL Aviation Department, Aviation Revenue Bonds (Series 2025B), 5.000%, 10/1/2050 | &nbsp;&nbsp; 2023995 |
| &nbsp;&nbsp; 410000 | Midtown Miami, FL CDD, Special Assessment & Revenue Refunding Bonds (Series 2014A), 5.000%, 5/1/2029 | &nbsp;&nbsp; 410324 |
| &nbsp;&nbsp; 800000 | Rivers Edge II CDD, Capital Improvement Revenue Bonds (Series 2021), 4.000%, 5/1/2051 | &nbsp;&nbsp; 619354 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7663908 |
|  | **Georgia—3.4%** |  |
| &nbsp;&nbsp; 500000 | Atlanta, GA Development Authority (Westside Gulch Area Project (Spring Street Atlanta)), Senior Revenue Bonds <br> (Series 2024A-1), 5.000%, 4/1/2034<br>| &nbsp;&nbsp; 500470 |
| &nbsp;&nbsp; 500000 | Fulton County, GA Residential Care Facilities (Lenbrook Square Foundation, Inc.), Retirement Facility Refunding Revenue <br> Bonds (Series 2016), 5.000%, 7/1/2036<br>| &nbsp;&nbsp; 501400 |
| &nbsp;&nbsp; 550000 | Georgia State, UT GO Bonds (Series 2023A), 5.000%, 7/1/2040 | &nbsp;&nbsp; 587767 |
| &nbsp;&nbsp; 1000000 | Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2023C), (Royal Bank of Canada GTD), 5.000%, <br> Mandatory Tender 9/1/2030<br>| &nbsp;&nbsp; 1061452 |
| &nbsp;&nbsp; 1000000 | Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project J Revenue Refunding Bonds (Series 2015A), <br> 5.500%, 7/1/2060<br>| &nbsp;&nbsp; 1000044 |
| &nbsp;&nbsp; 1000000 | Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project M Bonds (Series 2021A), 5.000%, 1/1/2056 | &nbsp;&nbsp; 975475 |
| &nbsp;&nbsp; 775000 | Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project P Revenue Refunding Bonds (Series 2023A), <br> 5.500%, 7/1/2064<br>| &nbsp;&nbsp; 787527 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5414135 |
|  | **Guam—0.7%** |  |
| &nbsp;&nbsp; 1000000 | Guam Waterworks Authority, Water and Wastewater System Revenue Bonds (Series 2025A), 5.250%, 7/1/2039 | &nbsp;&nbsp; 1052900 |
|  | **Hawaii—0.6%** |  |
| &nbsp;&nbsp; 1000000 | Hawaii State Airports System, Airports System Revenue Bonds (Series 2025A), 5.000%, 7/1/2049 | &nbsp;&nbsp; 1020964 |
|  | **Idaho—1.2%** |  |
| &nbsp;&nbsp; 1830000 | Idaho Housing and Finance Association, Sales Tax Revenue Bonds (Series 2025A), 5.000%, 8/15/2049 | &nbsp;&nbsp; 1858209 |
|  | **Illinois—7.1%** |  |
| &nbsp;&nbsp; 430000 | Chicago, IL Board of Education, Dedicated Capital Improvement Tax Bonds (Series 2023), 5.750%, 4/1/2048 | &nbsp;&nbsp; 437655 |
| &nbsp;&nbsp; 2000000 | Chicago, IL Wastewater Transmission, Second Lien Wastewater Transmission Revenue Bonds (Series 2023A), (Assured <br> Guaranty, Inc. INS), 5.250%, 1/1/2053<br>| &nbsp;&nbsp; 2026331 |
| &nbsp;&nbsp; 200000 | Chicago, IL Water Revenue, Second Lien Water Revenue Bonds (Series 2023A), (Assured Guaranty, Inc. INS), <br> 5.250%, 11/1/2053<br>| &nbsp;&nbsp; 201946 |
| &nbsp;&nbsp; 234000 | DuPage County, IL (Naperville Campus LLC), Special Tax Bonds (Series 2006), 5.625%, 3/1/2036 | &nbsp;&nbsp; 231043 |
| &nbsp;&nbsp; 1000000 | Illinois Finance Authority (Admiral at the Lake), Revenue Refunding Bonds (Series 2017), (Original Issue Yield: 5.500%), <br> 5.250%, 5/15/2054<br>| &nbsp;&nbsp; 714409 |
| &nbsp;&nbsp; 750000 | Illinois State, UT GO Bonds (Series 2020B), (Original Issue Yield: 5.850%), 5.750%, 5/1/2045 | &nbsp;&nbsp; 773693 |
| &nbsp;&nbsp; 2000000 | Illinois State, UT GO Bonds (Series 2022C), 5.125%, 10/1/2043 | &nbsp;&nbsp; 2010099 |
| &nbsp;&nbsp; 2000000 | Illinois State, UT GO Bonds (Series 2022C), 5.500%, 10/1/2045 | &nbsp;&nbsp; 2053740 |
| &nbsp;&nbsp; 235000 | Illinois State, UT GO Refunding Bonds (Series 2018A), 5.000%, 10/1/2026 | &nbsp;&nbsp; 240899 |
| &nbsp;&nbsp; 1600000 | Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project Bonds (Series 2015A), (Original Issue Yield: <br> 5.060%), 5.000%, 6/15/2053<br>| &nbsp;&nbsp; 1519546 |
| &nbsp;&nbsp; 1105000 | Sales Tax Securitization Corp., IL, Sales Tax Securitization Bonds (Series 2022A), 4.000%, 1/1/2042 | &nbsp;&nbsp; 1023740 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 11233101 |
|  | **Indiana—2.6%** |  |
| &nbsp;&nbsp; 1000000 | Indiana State Finance Authority (CWA Authority, Inc.), First Lien Wastewater Utility Revenue Bonds (Series 2022B), <br> 5.250%, 10/1/2052<br>| &nbsp;&nbsp; 1019616 |
| &nbsp;&nbsp; 2500000 | Indianapolis, IN Local Public Improvement Bond Bank (Indiana Convention Center Hotel), Senior Revenue Bonds <br> (Series 2023E), (Original Issue Yield: 5.880%), 5.750%, 3/1/2043<br>| &nbsp;&nbsp; 2556531 |
| &nbsp;&nbsp; 625000 | Whiting, IN Environmental Facilities (BP PLC), Environmental Facilities Revenue Bonds (Series 2008), 4.200%, Mandatory <br> Tender 6/21/2035<br>| &nbsp;&nbsp; 629185 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4205332 |
|  | **Iowa—1.4%** |  |
| &nbsp;&nbsp; 1000000 | Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue Refunding Bonds (Series 2022), (United <br> States Treasury PRF 12/1/2032@100), 5.000%, 12/1/2050<br>| &nbsp;&nbsp; 1134248 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Iowa—continued** |  |
| $1015000 | Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue Refunding Bonds (Series 2022), (United <br> States Treasury PRF 12/1/2032@100), 5.000%, Mandatory Tender 12/1/2042<br>| &nbsp;&nbsp; $1151261 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2285509 |
|  | **Kansas—1.2%** |  |
| &nbsp;&nbsp; 2000000 | Wyandotte County, KS Unified Government Utility System, Improvement & Refunding Revenue Bonds (Series 2014-A), <br> 5.000%, 9/1/2044<br>| &nbsp;&nbsp; 1970182 |
|  | **Kentucky—0.6%** |  |
| &nbsp;&nbsp; 1000000 | Kentucky Economic Development Finance Authority (Miralea), Revenue Bonds (Series 2016A), 5.000%, 5/15/2031 | &nbsp;&nbsp; 978578 |
|  | **Louisiana—0.9%** |  |
| &nbsp;&nbsp; 1500000 | Louisiana Stadium and Exposition District, Senior Revenue Bonds (Series 2023A), 5.000%, 7/1/2048 | &nbsp;&nbsp; 1493278 |
|  | **Maryland—0.7%** |  |
| &nbsp;&nbsp; 320000 | Baltimore, MD (East Baltimore Research Park), Special Obligation Revenue Refunding Bonds (Series 2017A), <br> 5.000%, 9/1/2038<br>| &nbsp;&nbsp; 320026 |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| Maryland State Economic Development Corp. (Core Natural Resources, Inc.), Port Facilities Refunding Revenue Bonds <br> (Series 2025), 5.000%, Mandatory Tender 3/27/2035<br>| &nbsp;&nbsp; 503427 |
| &nbsp;&nbsp; 365000 | Westminster, MD (Lutheran Village at Miller's Grant, Inc.), Revenue Bonds (Series 2014A), 6.000%, 7/1/2034 | &nbsp;&nbsp; 365184 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1188637 |
|  | **Massachusetts—0.8%** |  |
| &nbsp;&nbsp; 300000 | Commonwealth of Massachusetts, UT GO Consolidated Loan Bonds (Series 2022C), 5.000%, 11/1/2048 | &nbsp;&nbsp; 303852 |
| &nbsp;&nbsp; 1000000 | Commonwealth of Massachusetts, UT GO Consolidated Loan Bonds (Series 2023C), 5.000%, 8/1/2044 | &nbsp;&nbsp; 1031504 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1335356 |
|  | **Michigan—3.7%** |  |
| &nbsp;&nbsp; 1750000 | Michigan State Finance Authority (Detroit, MI Public Lighting Authority), Local Government Loan Program Revenue Bonds <br> (Series 2014B), 5.000%, 7/1/2039<br>| &nbsp;&nbsp; 1754892 |
| &nbsp;&nbsp; 1250000 | Michigan State Finance Authority (McLaren Health Care Corp.), Revenue Bonds (Series 2019A), 4.000%, 2/15/2044 | &nbsp;&nbsp; 1091232 |
| &nbsp;&nbsp; 430000 | Michigan State Finance Authority (Provident Group - HFH Energy LLC), Act 38 Facilities Senior Revenue Bonds (Series 2024), <br> 5.500%, 2/28/2049<br>| &nbsp;&nbsp; 439866 |
| &nbsp;&nbsp; 1755000 | Michigan State Finance Authority (Trinity Healthcare Credit Group), (Series MI 2019A), 4.000%, 12/1/2049 | &nbsp;&nbsp; 1478088 |
| &nbsp;&nbsp; 1000000 | Wayne County, MI Airport Authority, Airport Revenue Bonds (Series 2025A), 5.500%, 12/1/2050 | &nbsp;&nbsp; 1047557 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5811635 |
|  | **Missouri—0.8%** |  |
| &nbsp;&nbsp; 550000<br><sup>1</sup> <br>| Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue Bonds <br> (Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050<br>| &nbsp;&nbsp; 506687 |
| &nbsp;&nbsp; 750000<br><sup>1</sup> <br>| Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue Bonds <br> (Series 2018B), 5.000%, 2/1/2040<br>| &nbsp;&nbsp; 722800 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1229487 |
|  | **Montana—0.2%** |  |
| &nbsp;&nbsp; 350000 | Kalispell, MT Housing and Healthcare Facilities (Immanuel Lutheran Corp.), Revenue Bonds (Series 2017A), 5.250%, 5/15/2047 | &nbsp;&nbsp; 303059 |
|  | **Nevada—2.2%** |  |
| &nbsp;&nbsp; 2000000 | Clark County, NV, Highway Revenue Improvement and Refunding Bonds (Series 2025), 4.000%, 7/1/2041 | &nbsp;&nbsp; 1877453 |
| &nbsp;&nbsp; 1500000 | Nevada State, LT GO Bonds (Series 2023A), 5.000%, 5/1/2042 | &nbsp;&nbsp; 1563002 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3440455 |
|  | **New Hampshire—1.1%** |  |
| &nbsp;&nbsp; 500000<br><sup>1</sup> <br>| National Finance Authority, NH (Attwater Project Texas MUD No. 38), Special Revenue Capital Appreciation Bonds <br> (Series 2024), (Original Issue Yield: 6.250%), 0.000%, 4/1/2032<br>| &nbsp;&nbsp; 333258 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| National Finance Authority, NH (Grand Prairie Project, Harris County, TX MUD), Special Revenue Bonds (Series 2024), <br> (Original Issue Yield: 6.000%), 5.875%, 12/15/2032<br>| &nbsp;&nbsp; 988913 |
| &nbsp;&nbsp; 491891 | National Finance Authority, NH, Municipal Certificates (Series 2024-1 Class A), (Original Issue Yield: 4.510%), <br> 4.250%, 7/20/2041<br>| &nbsp;&nbsp; 470581 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1792752 |
|  | **New Jersey—4.7%** |  |
| &nbsp;&nbsp; 750000 | New Jersey EDA (New Jersey State), North Portal Bridge Project (Series 2022), 5.250%, 11/1/2041 | &nbsp;&nbsp; 779654 |
| &nbsp;&nbsp; 1000000 | New Jersey EDA (New Jersey State), North Portal Bridge Project (Series 2022), 5.250%, 11/1/2047 | &nbsp;&nbsp; 1018261 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **New Jersey—continued** |  |
| $500000 | New Jersey State Educational Facilities Authority (New Jersey State), Higher Education Capital Improvement Fund <br> (Series 2023A), 4.625%, 9/1/2048<br>| &nbsp;&nbsp; $478789 |
| &nbsp;&nbsp; 1500000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation Program Bonds (Series 2023BB), <br> 5.000%, 6/15/2046<br>| &nbsp;&nbsp; 1505265 |
| &nbsp;&nbsp; 575000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2018A), <br> 5.000%, 12/15/2034<br>| &nbsp;&nbsp; 600235 |
| &nbsp;&nbsp; 500000 | New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation System Bonds (Series 2022CC), <br> (United States Treasury PRF 12/15/2032@100), 5.500%, 6/15/2050<br>| &nbsp;&nbsp; 588044 |
| &nbsp;&nbsp; 2520000 | Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Senior Refunding Bonds (Series 2018A), <br> 5.000%, 6/1/2035<br>| &nbsp;&nbsp; 2577963 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7548211 |
|  | **New York—8.2%** |  |
| &nbsp;&nbsp; 1650000 | Build NYC Resource Corporation (KIPP NYC Canal West), Revenue Bonds (Series 2022), 5.250%, 7/1/2057 | &nbsp;&nbsp; 1561201 |
| &nbsp;&nbsp; 1500000 | Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Transportation Revenue Green Bonds <br> (Series 2020C-1), 5.250%, 11/15/2055<br>| &nbsp;&nbsp; 1493133 |
| &nbsp;&nbsp; 1000000 | New York City Housing Development Corp., Multifamily Housing Revenue Bonds (Series 2024B-1), 4.750%, 11/1/2054 | &nbsp;&nbsp; 978254 |
| &nbsp;&nbsp; 1500000 | New York City, NY Municipal Water Finance Authority, Water and Sewer System Second General Resolution Revenue Bonds <br> (Series 2024CC-1), 5.250%, 6/15/2054<br>| &nbsp;&nbsp; 1546758 |
| &nbsp;&nbsp; 1000000 | New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds (Series 2023F-1), (Original Issue <br> Yield: 4.450%), 4.000%, 2/1/2051<br>| &nbsp;&nbsp; 864300 |
| &nbsp;&nbsp; 500000 | New York City, NY, UT GO Bonds (Series 2025E), 5.000%, 8/1/2054 | &nbsp;&nbsp; 501331 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series 2014 Class 1), <br> 5.000%, 11/15/2044<br>| &nbsp;&nbsp; 969908 |
| &nbsp;&nbsp; 1985000 | New York State Dormitory Authority (New York State Sales Tax Revenue Bond Fund), Revenue Bonds (Series 2024A), <br> 5.000%, 3/15/2049<br>| &nbsp;&nbsp; 2007836 |
| &nbsp;&nbsp; 1480000 | New York State Thruway Authority, General Revenue Junior Indebtedness Obligations (Series 2016A), 5.000%, 1/1/2046 | &nbsp;&nbsp; 1479930 |
| &nbsp;&nbsp; 1000000 | New York Transportation Development Corporation (JFK International Air Terminal LLC), Special Facilities Revenue Bonds <br> (Series 2020C), 4.000%, 12/1/2040<br>| &nbsp;&nbsp; 921449 |
| &nbsp;&nbsp; 500000 | Suffolk County, NY Off-Track Betting Corp., Revenue Bonds (Series 2024), (Original Issue Yield: 5.076%), 5.000%, 12/1/2034 | &nbsp;&nbsp; 508893 |
| &nbsp;&nbsp; 250000 | Suffolk County, NY Off-Track Betting Corp., Revenue Bonds (Series 2024), (Original Issue Yield: 5.865%), 5.750%, 12/1/2044 | &nbsp;&nbsp; 250006 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13082999 |
|  | **North Carolina—2.1%** |  |
| &nbsp;&nbsp; 1000000 | Charlotte, NC Aviation Department, Airport Revenue Bonds (Series 2017A), 5.000%, 7/1/2047 | &nbsp;&nbsp; 1000832 |
| &nbsp;&nbsp; 2400000 | North Carolina State, LT GO Bonds (Series 2025A), 4.000%, 5/1/2040 | &nbsp;&nbsp; 2352298 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3353130 |
|  | **Ohio—1.5%** |  |
| &nbsp;&nbsp; 755000 | Muskingum County, OH (Genesis Healthcare Corp.), Hospital Facilities Revenue Bonds (Series 2013), 5.000%, 2/15/2027 | &nbsp;&nbsp; 758820 |
| &nbsp;&nbsp; 1500000 | Ohio State Water Development Authority, Drinking Water Assistance Fund Revenue Bonds (Series 2025A), 5.250%, 12/1/2045 | &nbsp;&nbsp; 1583936 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2342756 |
|  | **Oregon—2.6%** |  |
| &nbsp;&nbsp; 2000000 | Oregon State Housing and Community Services Department, Single Family Mortgage Program (Series 2023A), <br> 4.600%, 7/1/2043<br>| &nbsp;&nbsp; 1937081 |
| &nbsp;&nbsp; 2000000 | Oregon State, UT GO Bonds (Series 2025A), 5.250%, 5/1/2045 | &nbsp;&nbsp; 2115982 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4053063 |
|  | **Pennsylvania—5.6%** |  |
| &nbsp;&nbsp; 1000000 | Allegheny County, PA Hospital Development Authority (Allegheny Health Network Obligated Group), Revenue Bonds <br> (Series 2018A), 5.000%, 4/1/2047<br>| &nbsp;&nbsp; 962317 |
| &nbsp;&nbsp; 150000 | Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue Bonds (Series 2015), <br> 5.000%, 1/1/2038<br>| &nbsp;&nbsp; 147950 |
| &nbsp;&nbsp; 1865000 | Northampton County, PA General Purpose Authority (St. Luke's University Health Network), Hospital Revenue Bonds <br> (Series 2016A), 4.000%, 8/15/2040<br>| &nbsp;&nbsp; 1698784 |
| &nbsp;&nbsp; 570000 | Pennsylvania State Economic Development Financing Authority (UPMC Health System), Revenue Bonds (Series 2023A-2), <br> 4.000%, 5/15/2053<br>| &nbsp;&nbsp; 452615 |
| &nbsp;&nbsp; 1350000 | Pennsylvania State Turnpike Commission, Subordinate Revenue Bonds (Series 2019A), 5.000%, 12/1/2044 | &nbsp;&nbsp; 1342920 |
| &nbsp;&nbsp; 345000 | Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2022B), 5.250%, 12/1/2052 | &nbsp;&nbsp; 351986 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Pennsylvania—continued** |  |
| $1080000 | Philadelphia, PA Division of Aviation, Airport Revenue and Refunding Bonds (Series 2017A), 5.000%, 7/1/2047 | &nbsp;&nbsp; $1080338 |
| &nbsp;&nbsp; 1050000 | Philadelphia, PA Water & Wastewater System, Water and Wastewater Revenue Bonds (Series 2020A), 5.000%, 11/1/2045 | &nbsp;&nbsp; 1050076 |
| &nbsp;&nbsp; 675000 | Upper St Clair TWP PA School District, UT GO Bonds (Series 2025), 4.000%, 10/1/2043 | &nbsp;&nbsp; 632037 |
| &nbsp;&nbsp; 1200000 | Westmoreland County, PA Municipal Authority, Municipal Service Revenue Bonds (Series 2016), (Build America Mutual <br> Assurance INS), 5.000%, 8/15/2042<br>| &nbsp;&nbsp; 1201477 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8920500 |
|  | **Puerto Rico—1.2%** |  |
| &nbsp;&nbsp; 2000000 | Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A), (Original Issue Yield: 5.154%), <br> 5.000%, 7/1/2058<br>| &nbsp;&nbsp; 1828959 |
|  | **South Carolina—1.5%** |  |
| &nbsp;&nbsp; 1000000 | South Carolina Jobs-EDA (Novant Health, Inc.), Health Care Facilities Revenue Bonds (Series 2024A), 5.500%, 11/1/2054 | &nbsp;&nbsp; 1026864 |
| &nbsp;&nbsp; 650000<br><sup>1</sup> <br>| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-50 (Series 2023B-2), <br> 5.250%, 11/15/2028<br>| &nbsp;&nbsp; 650665 |
| &nbsp;&nbsp; 650000<br><sup>1</sup> <br>| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-75 (Series 2023B-1), <br> 5.750%, 11/15/2029<br>| &nbsp;&nbsp; 650141 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2327670 |
|  | **Tennessee—1.2%** |  |
| &nbsp;&nbsp; 1000000 | Chattanooga, TN Health, Educational & Housing Facility Board (CommonSpirit Health), Revenue Bonds (Series 2019A), <br> 5.000%, 8/1/2049<br>| &nbsp;&nbsp; 974144 |
| &nbsp;&nbsp; 1000000 | Metropolitan Nashville, TN Airport Authority, Airport Improvement Revenue Bonds (Series 2022A), 5.000%, 7/1/2052 | &nbsp;&nbsp; 1000058 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1974202 |
|  | **Texas—8.1%** |  |
| &nbsp;&nbsp; 500000 | Austin, TX, Water and Wastewater System Revenue Refunding Bonds (Series 2022), 5.000%, 11/15/2052 | &nbsp;&nbsp; 504685 |
| &nbsp;&nbsp; 2000000 | Clifton, TX Higher Education Finance Corp. (Idea Public Schools), Education Revenue and Refunding Bonds (Series 2025), <br> (Texas Permanent School Fund Guarantee Program GTD), 5.000%, 8/15/2045<br>| &nbsp;&nbsp; 2012362 |
| &nbsp;&nbsp; 1000000 | Conroe, TX Independent School District, UT GO Tax School Building Bonds (Series 2025), (Texas Permanent School Fund <br> Guarantee Program GTD), 4.000%, 2/15/2050<br>| &nbsp;&nbsp; 860425 |
| &nbsp;&nbsp; 1000000 | Eagle Mountain-Saginaw, TX Independent School District, UT GO School Building Bonds (Series 2025), (Texas Permanent <br> School Fund Guarantee Program GTD), 5.250%, 8/15/2050<br>| &nbsp;&nbsp; 1041923 |
| &nbsp;&nbsp; 2000000 | Fort Bend, TX Independent School District, UT GO School Building and Refunding Bonds (Series 2025A), (Texas Permanent <br> School Fund Guarantee Program GTD), 5.250%, 8/15/2055<br>| &nbsp;&nbsp; 2054092 |
| &nbsp;&nbsp; 1460000 | Harris County, TX IDC (Energy Transfer LP), Marine Terminal Refunding Revenue Bonds (Series 2023), 4.050%, Mandatory <br> Tender 6/1/2033<br>| &nbsp;&nbsp; 1466242 |
| &nbsp;&nbsp; 665000 | Houston, TX, Public Improvement and Refunding Bonds (Series 2024A), (Original Issue Yield: 4.380%), 4.125%, 3/1/2051 | &nbsp;&nbsp; 577922 |
| &nbsp;&nbsp; 1000000 | San Antonio, TX Electric & Gas System, Revenue Bonds (Series 2024A), 5.250%, 2/1/2049 | &nbsp;&nbsp; 1028188 |
| &nbsp;&nbsp; 1600000 | Texas Municipal Gas Acquisition & Supply Corp. IV, Gas Supply Revenue Bonds (Series 2023B), (BP PLC GTD), 5.500%, <br> Mandatory Tender 1/1/2034<br>| &nbsp;&nbsp; 1749829 |
| &nbsp;&nbsp; 1550000 | Texas State Transportation Commission (State Highway 249 System), First Tier Toll Revenue Bonds (Series 2019A), <br> 5.000%, 8/1/2057<br>| &nbsp;&nbsp; 1540156 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 12835824 |
|  | **Utah—1.9%** |  |
| &nbsp;&nbsp; 500000 | Downtown Revitalization Public Infrastructure District, UT, SEG Redevelopment Project First Lien Sales Tax Revenue Bonds <br> (Series 2025A), (Assured Guaranty, Inc. INS), 5.250%, 6/1/2041<br>| &nbsp;&nbsp; 535411 |
| &nbsp;&nbsp; 500000 | Salt Lake City, UT Department of Airports, Airport Revenue Bonds (Series 2025B), 5.500%, 7/1/2050 | &nbsp;&nbsp; 524619 |
| &nbsp;&nbsp; 1000000 | Salt Lake City, UT Department of Airports, Airport Revenue Bonds (Series 2025B), 5.500%, 7/1/2055 | &nbsp;&nbsp; 1043125 |
| &nbsp;&nbsp; 1000000 | Utah State Board of Higher Education (University of Utah), General Revenue Bonds (Series 2022A), 4.000%, 8/1/2051 | &nbsp;&nbsp; 839327 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2942482 |
|  | **Virginia—3.0%** |  |
| &nbsp;&nbsp; 2035000 | Chesapeake Bay, VA Bridge & Tunnel District, First Tier General Resolution Revenue Bonds (Series 2016), 5.000%, 7/1/2046 | &nbsp;&nbsp; 1992129 |
| &nbsp;&nbsp; 400000 | James City County, VA EDA (Williamsburg Landing), Residential Care Facility Revenue Bonds (Series 2024A), <br> 6.875%, 12/1/2058<br>| &nbsp;&nbsp; 422319 |
| &nbsp;&nbsp; 750000 | Virginia Beach, VA Development Authority (Westminster-Canterbury on Chesapeake Bay), Residential Care Facility Revenue <br> Bonds (Series 2023A), 7.000%, 9/1/2053<br>| &nbsp;&nbsp; 812501 |
| &nbsp;&nbsp; 1500000 | Virginia State Public School Authority, School Financing Bonds (Series 2025A), 4.000%, 8/1/2040 | &nbsp;&nbsp; 1464640 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4691589 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
|  | MUNICIPAL BONDS—continued |  |
|  | **Washington—1.5%** |  |
| $500000<br><sup>1</sup> <br>| Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest), Revenue Bonds <br> (Series 2016), 5.000%, 1/1/2031<br>| &nbsp;&nbsp; $505408 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue & <br> Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2041<br>| &nbsp;&nbsp; 935177 |
| &nbsp;&nbsp; 1000000 | Washington State, UT GO Bonds (Series 2024C), 5.000%, 2/1/2049 | &nbsp;&nbsp; 1015148 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2455733 |
|  | **Wisconsin—2.0%** |  |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%, 12/1/2042 | &nbsp;&nbsp; 994900 |
| &nbsp;&nbsp; 700000<br><sup>1</sup> <br>| Public Finance Authority, WI Revenue (Aurora Integrated Oncology Foundation), Revenue Bonds (Series 2023), <br> 9.000%, 11/1/2028<br>| &nbsp;&nbsp; 737888 |
| &nbsp;&nbsp; 740000 | Wisconsin Health & Educational Facilities Authority (Ascension Health Alliance Senior Credit Group), Revenue Bonds <br> (Series 2024A), (United States Treasury PRF 5/15/2026@100), 4.000%, 11/15/2046<br>| &nbsp;&nbsp; 747887 |
| &nbsp;&nbsp; 5000 | Wisconsin Health & Educational Facilities Authority (Ascension Health Alliance Senior Credit Group), Revenue Bonds <br> (Series 2024A), (United States Treasury PRF 5/15/2026@100), 4.000%, 11/15/2046<br>| &nbsp;&nbsp; 5053 |
| &nbsp;&nbsp; 755000 | Wisconsin Health & Educational Facilities Authority (Ascension Health Alliance Senior Credit Group), Revenue Bonds <br> (Series 2024A), 4.000%, 11/15/2046<br>| &nbsp;&nbsp; 647673 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3133401 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MUNICIPAL BONDS <br>(IDENTIFIED COST $156,973,384)<br>| &nbsp;&nbsp; 154454229 |
| <sup>2</sup> <br>| SHORT-TERM MUNICIPALS—2.9% |  |
|  | **Arizona—2.1%** |  |
| &nbsp;&nbsp; 3400000 | Arizona Health Facilities Authority (Banner Health), (Series 2015C) Daily VRDNs, (Bank of America N.A. LOC), <br> 3.950%, 9/2/2025<br>| &nbsp;&nbsp; 3400000 |
|  | **Ohio—0.4%** |  |
| &nbsp;&nbsp; 600000 | Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2013B-2) Daily VRDNs, (TD Bank, N.A. LIQ), <br> 3.800%, 9/2/2025<br>| &nbsp;&nbsp; 600000 |
|  | **Pennsylvania—0.4%** |  |
| &nbsp;&nbsp; 600000 | Delaware County, PA IDA (United Parcel Service, Inc.), (Series 2015) Daily VRDNs, (United Parcel Service, Inc. GTD), <br> 3.900%, 9/2/2025<br>| &nbsp;&nbsp; 600000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHORT-TERM MUNICIPALS <br>(IDENTIFIED COST $4,600,000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4600000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—100% <br>(IDENTIFIED COST $161,573,384)<br>| &nbsp;&nbsp; 159054229 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428572 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; LIQUIDATION VALUE OF VARIABLE RATE MUNICIPAL TERM PREFERRED SHARES (VMTPS) | &nbsp;&nbsp; (67350000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS | &nbsp;&nbsp; $92132801 |

---

At August 31, 2025, the Fund held no securities that are subject to the federal alternative minimum tax (AMT).

---

| | |
|:---|:---|
| 1 | *Denotes a restricted security that either: (a) cannot be offered for public sale without first being registered, or availing of an exemption from registration, under* <br> *the Securities Act of 1933; or (b) is subject to a contractual restriction on public sales. At August 31, 2025, these restricted securities amounted to $11,384,009,* <br> *which represented 12.4% of net assets.*<br>|
| 2 | *Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments. Certain variable rate securities are* <br> *not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do* <br> *not indicate a reference rate and spread in their description above.*<br>|
| 3 | *Assets, other than investments in securities, less liabilities.* |

---

Additional information on restricted securities held at August 31, 2025, is as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Security** | **Acquisition** <br>**Date**<br>| **Cost** | **Value** |
| California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living Revenue Refunding Bonds <br> (Series 2021A), 5.000%, 11/15/2056<br>| &nbsp;&nbsp; 5/27/2021 | &nbsp;&nbsp; $170746 | &nbsp;&nbsp; $136331 |
| California Public Finance Authority (Sunrise of Manhattan Beach), Senior Living Rental Housing Revenue Bonds <br> (Series 2025-A1), (Original Issue Yield: 7.000%), 6.750%, 7/1/2065<br>| &nbsp;&nbsp;&nbsp; 2/6/2025 | &nbsp;&nbsp; $483243 | &nbsp;&nbsp; $510910 |
| California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series 2015A), 5.000%, 7/1/2035 | &nbsp;&nbsp; 8/27/2015 | &nbsp;&nbsp; $1000000 | &nbsp;&nbsp; $1000560 |
| Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue <br> Bonds (Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050<br>| &nbsp;&nbsp; 5/15/2018 | &nbsp;&nbsp; $554963 | &nbsp;&nbsp; $506687 |

---

**6**

------

---

| | | | |
|:---|:---|:---|:---|
| **Security** | **Acquisition**<br> **Date**<br>| **Cost** | **Value** |
| Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters Hotel CID), Revenue <br> Bonds (Series 2018B), 5.000%, 2/1/2040<br>| &nbsp;&nbsp; 1/10/2018 | &nbsp;&nbsp; $750862 | &nbsp;&nbsp; $722800 |
| Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2036 | &nbsp;&nbsp; 10/6/2016 | &nbsp;&nbsp; $582583 | &nbsp;&nbsp; $582648 |
| Maryland State Economic Development Corp. (Core Natural Resources, Inc.), Port Facilities Refunding Revenue <br> Bonds (Series 2025), 5.000%, Mandatory Tender 3/27/2035<br>| &nbsp;&nbsp; 3/20/2025 | &nbsp;&nbsp; $500000 | &nbsp;&nbsp; $503427 |
| National Finance Authority, NH (Attwater Project Texas MUD No. 38), Special Revenue Capital Appreciation Bonds <br> (Series 2024), (Original Issue Yield: 6.250%), 0.000%, 4/1/2032<br>| &nbsp;&nbsp; 11/22/2024 | &nbsp;&nbsp; $335476 | &nbsp;&nbsp; $333258 |
| National Finance Authority, NH (Grand Prairie Project, Harris County, TX MUD), Special Revenue Bonds <br> (Series 2024), (Original Issue Yield: 6.000%), 5.875%, 12/15/2032<br>| &nbsp;&nbsp; 12/6/2024 | &nbsp;&nbsp; $992767 | &nbsp;&nbsp; $988913 |
| New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series 2014 Class 1), <br> 5.000%, 11/15/2044<br>| &nbsp;&nbsp; 10/29/2014 | &nbsp;&nbsp; $1000000 | &nbsp;&nbsp; $969908 |
| Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series 2022A), 6.750%, 11/15/2042 | &nbsp;&nbsp; 10/6/2022 | &nbsp;&nbsp; $628311 | &nbsp;&nbsp; $654388 |
| Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%, 12/1/2042 | &nbsp;&nbsp;&nbsp; 2/2/2023 | &nbsp;&nbsp; $1000000 | &nbsp;&nbsp; $994900 |
| Public Finance Authority, WI Revenue (Aurora Integrated Oncology Foundation), Revenue Bonds (Series 2023), <br> 9.000%, 11/1/2028<br>| &nbsp;&nbsp; 12/14/2023 | &nbsp;&nbsp; $700000 | &nbsp;&nbsp; $737888 |
| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-50 <br> (Series 2023B-2), 5.250%, 11/15/2028<br>| &nbsp;&nbsp; 7/21/2023 | &nbsp;&nbsp; $650000 | &nbsp;&nbsp; $650665 |
| South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue Bonds TEMPS-75 <br> (Series 2023B-1), 5.750%, 11/15/2029<br>| &nbsp;&nbsp; 7/21/2023 | &nbsp;&nbsp; $626502 | &nbsp;&nbsp; $650141 |
| Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest), Revenue Bonds <br> (Series 2016), 5.000%, 1/1/2031<br>| &nbsp;&nbsp; 12/14/2016 | &nbsp;&nbsp; $500635 | &nbsp;&nbsp; $505408 |
| Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit Housing Revenue <br> & Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2041<br>| &nbsp;&nbsp; 1/14/2021 | &nbsp;&nbsp; $1032064 | &nbsp;&nbsp; $935177 |

---

Note: The categories of investments are shown as a percentage of total market value at August 31, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions),

**7**

------

transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of August 31, 2025, all investments of the Fund utilized Level 2 inputs in valuing the Fund's assets carried at fair value.

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| CDD | —Community Development District |
| EDA | —Economic Development Authority |
| GO | —General Obligation |
| GTD | —Guaranteed |
| IDA | —Industrial Development Authority |
| IDC | —Industrial Development Corporation |
| IFA | —Industrial Finance Authority |
| INS | —Insured |
| LIQ | —Liquidity Agreement |
| LOC | —Letter of Credit |
| LP | —Limited Partnership |
| LT | —Limited Tax |
| PRF | —Pre-refunded |
| TEMPS | —Tax Exempt Mandatory Paydown Securities |
| UT | —Unlimited Tax |
| VRDNs | —Variable Rate Demand Notes |

---

**8**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Premier Municipal Income Fund

- **b. Investment Company Act file number:** 811-21235

- **c. CIK number of Registrant:** 0001199004

- **d. LEI of Registrant:** C0TUI5ZPEIY028NN4Q23

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

  - **Street Address 1:** 00

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Premier Municipal Income Fund

- **c. LEI of Series:** C0TUI5ZPEIY028NN4Q23

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $161092676.65

**Total Liabilities:** $68959875.19

**Net Assets:** $92132801.46

**Delayed Delivery Securities:** $997130.00

**Cash Not Reported:** $499158.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -236.887990700000 | **1-Year:** -4216.977173800000 | **5-Year:** -19791.223210300000 | **10-Year:** -62676.962278500000 | **30-Year:** -24302.590414000000

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

- **3-Month:** -68.605792800000 | **1-Year:** -1023.385105000000 | **5-Year:** -3019.075986400000 | **10-Year:** -5902.905236300000 | **30-Year:** -2334.736315800000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031457 | 0.80%                | -1.38%               | 1.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-167137.21              | $584475.86                                 |
| Month 2  | $-620560.42              | $-1080265.18                               |
| Month 3  | $-99213.54               | $838676.31                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CONROE TX INDEP SCH DIST       | Conroe Independent School District                                           | CUSIP: 2084185M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $860425.20    | 0.93%             | 2050-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                             | CUSIP: 709225GL4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    345000 | PA      | $351986.04    | 0.38%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CO HIGH PERFORMANCE TRANSPRTN  | Colorado High Performance Transportation Enterprise                          | CUSIP: 19648DAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1673302.51   | 1.82%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH GEN R | New York State Thruway Authority                                             | CUSIP: 650010AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1479930.14   | 1.61%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                                    | CUSIP: 64577XED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018261.30   | 1.11%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN | MSR ENERGY                                                                   | CUSIP: 55374SAA8<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1085803.00   | 1.18%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                            | CUSIP: 452153EP0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010098.40   | 2.18%             | 2043-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712JMC4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    740000 | PA      | $747886.70    | 0.81%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                            | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    750000 | PA      | $773693.03    | 0.84%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JAMES CITY CNTY VA ECON DEV AU | James City County Economic Development Authority                             | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422319.04    | 0.46%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION& | Texas Municipal Gas Acquisition & Supply Corp IV                             | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1749828.80   | 1.90%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TN HLTH EDUCTNL &H | Chattanooga Health Educational & Housing Facility Board                      | CUSIP: 162410FF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974144.20    | 1.06%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD OF RGTS            | Arizona Board of Regents                                                     | CUSIP: 040664LG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313481.43    | 0.34%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UPPER SAINT CLAIR TWP PA SCH D | Upper St Clair Township School District                                      | CUSIP: 916507UG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $632036.66    | 0.69%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS | Guam Government Waterworks Authority                                         | CUSIP: 40065FFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052899.90   | 1.14%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH  | KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                              | CUSIP: 49126PFE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978578.00    | 1.06%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                          | CUSIP: 51265KFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516786.85    | 0.56%             | 2043-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX                     | City of Houston TX                                                           | CUSIP: 442332EE8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    665000 | PA      | $577922.04    | 0.63%             | 2051-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NORTHAMPTON CNTY PA GEN PURPOS | Northampton County General Purpose Authority                                 | CUSIP: 66353RCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1698784.49   | 1.84%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                        | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493132.55   | 1.62%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST CORRS INSTN FIN AUT | Alabama Corrections Institution Finance Authority                            | CUSIP: 010507CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515220.50   | 1.64%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN | PUBLIC AUTHORITY FOR COLORADO ENERGY                                         | CUSIP: 744387AC5<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2171119.50   | 2.36%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE | City of Whiting IN                                                           | CUSIP: 96634RAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $629184.69    | 0.68%             | 2044-06-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                   | CUSIP: 59447TXH1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1478088.55   | 1.60%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH | MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                             | CUSIP: 56681NAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $582648.24    | 0.63%             | 2036-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576NV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524618.90    | 0.57%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | CALIFORNIA SCHOOL FINANCE AUTHORITY                                          | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000559.80   | 1.09%             | 2035-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| INDIANA FIN AUTH IN WSTWTR UTI | INDIANA FIN AUTH-B 5.25 0                                                    | CUSIP: 45505MNH5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019616.00   | 1.11%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG         | CITY OF BALTIMORE MD                                                         | CUSIP: 05923TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $320026.34    | 0.35%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD | Virginia Beach Development Authority                                         | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $812500.65    | 0.88%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EAGLE MOUNTAIN & SAGINAW TX IN | Eagle Mountain & Saginaw Independent School District                         | CUSIP: 269696TF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041923.20   | 1.13%             | 2050-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV | Build NYC Resource Corp                                                      | CUSIP: 12008ETY2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1561201.13   | 1.69%             | 2057-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE BAY VA BRIDGE & TUN | Chesapeake Bay Bridge & Tunnel District                                      | CUSIP: 16514PAD1<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1992129.27   | 2.16%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION  | Texas Transportation Commission                                              | CUSIP: 88283NAZ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1540156.26   | 1.67%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN | California Public Finance Authority                                          | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $136330.56    | 0.15%             | 2056-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                | CUSIP: 57582R5B8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031503.90   | 1.12%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PB53<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $737888.13    | 0.80%             | 2028-11-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUT | Allegheny County Hospital Development Authority                              | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962317.00    | 1.04%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70870JFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $452615.45    | 0.49%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERS EDGE II CMNTY DEV DIST  | Rivers Edge II Community Development District                                | CUSIP: 76882LAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $619353.68    | 0.67%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE      | City of Chicago IL Waterworks Revenue                                        | CUSIP: 167736U96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201945.42    | 0.22%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SALES  | Idaho Housing & Finance Association                                          | CUSIP: 45130ADP7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1858208.72   | 2.02%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY CO SCH DIST #RE-1 | Douglas County School District No Re-1 Douglas & Elbert Counties             | CUSIP: 258885S78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553500.05   | 1.69%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                             | CUSIP: 709224P52<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1342920.20   | 1.46%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE       | DISTRICT OF COLUMBIA                                                         | CUSIP: 25483VQX5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484132.15    | 0.53%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX INDL DEV CORP   | Harris County Industrial Development Corp                                    | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1466242.23   | 1.59%             | 2050-11-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE | Chicago Board of Education Dedicated Capital Improvement Tax                 | CUSIP: 167510BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $437654.77    | 0.48%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY PA MUNI AUTH   | Cumberland County Municipal Authority                                        | CUSIP: 230614TH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147949.70    | 0.16%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | MICHIGAN FINANCE AUTHORITY                                                   | CUSIP: 59447PYT2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1754892.13   | 1.90%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY/KANSAS CITY KS  | WYANDOTTE COUNTY-KANSAS CITY UNIFIED GOVERNMENT UTILITY SYSTEM REVENUE       | CUSIP: 982674KF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1970182.40   | 2.14%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                           | CUSIP: 837032CF6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026863.50   | 1.11%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                     | CUSIP: 63608TAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988913.30    | 1.07%             | 2032-12-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE | County of Miami-Dade FL Aviation Revenue                                     | CUSIP: 593340AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2023995.60   | 2.20%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECON DEV A | South Carolina Jobs-Economic Development Authority                           | CUSIP: 83704EAE4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650140.99    | 0.71%             | 2029-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921449.30    | 1.00%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                  | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061451.80   | 1.15%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA | Iowa Finance Authority                                                       | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1134247.60   | 1.23%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SE | California Public Finance Authority                                          | CUSIP: 13057TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510909.90    | 0.55%             | 2065-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU | Wayne County Airport Authority                                               | CUSIP: 944514S66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047556.90   | 1.14%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE      | City of Charlotte NC Airport Revenue                                         | CUSIP: 161036MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000832.40   | 1.09%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    575000 | PA      | $600235.08    | 0.65%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN | M-S-R ENERGY AUTHORITY                                                       | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1792032.75   | 1.95%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KALISPELL MT HSG & HLTHCARE FA | CITY OF KALISPELL MT                                                         | CUSIP: 48342YAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $303059.47    | 0.33%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                        | CUSIP: 187145WM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2012361.60   | 2.18%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                              | CUSIP: 64972GH98<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546758.30   | 1.68%             | 2054-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING | Suffolk Regional Off-Track Betting Co                                        | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508892.50    | 0.55%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DSC4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505723.10   | 1.63%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC BEACH FL HLTH CARE FA | CITY OF ATLANTIC BEACH FL                                                    | CUSIP: 048251AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $815864.80    | 0.89%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUSKINGUM CNTY OH HOSP FACS    | COUNTY OF MUSKINGUM OH                                                       | CUSIP: 628077CU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $758820.00    | 0.82%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                                 | CUSIP: 592190QE5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000057.40   | 1.09%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CEG9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505265.00   | 1.63%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH            | Atlanta Development Authority/The                                            | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500470.10    | 0.54%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA | New York State Dormitory Authority                                           | CUSIP: 64990AUD5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2007836.23   | 2.18%             | 2049-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727C46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026330.80   | 2.20%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp                                            | CUSIP: 888808HL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2577963.02   | 2.80%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN | Industrial Development Authority of the County of Pima/The                   | CUSIP: 72178AAG7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    625000 | PA      | $654387.63    | 0.71%             | 2042-11-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                                | CUSIP: 79467BFA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1023740.07   | 1.11%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV HIGHWAY IMPT REV | County of Clark NV                                                           | CUSIP: 181000VC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1877453.00   | 2.04%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712JMV2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5053.29      | 0.01%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG    | State of North Carolina                                                      | CUSIP: 65829QFZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2352297.60   | 2.55%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $588044.70    | 0.64%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GJR5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028187.70   | 1.12%             | 2049-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                            | CUSIP: 452153ER6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053740.20   | 2.23%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF | Florida Development Finance Corp                                             | CUSIP: 34061QCT2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000012.80   | 1.09%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSIO | Florida Local Government Finance Commission                                  | CUSIP: 34077UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013750.80   | 1.10%             | 2045-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                                  | CUSIP: 67756DBD7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.65%             | 2039-01-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP POLL | Maryland Economic Development Corp                                           | CUSIP: 57421HAB9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503426.75    | 0.55%             | 2048-07-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                | CUSIP: 57582R2B1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303851.85    | 0.33%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST HLTH FACS AUTH      | Arizona Health Facilities Authority                                          | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3400000.00   | 3.69%             | 2046-01-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576NW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043125.30   | 1.13%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION | Louisiana Stadium & Exposition District                                      | CUSIP: 546410CX7<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493278.05   | 1.62%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                              | CUSIP: 45528U6W6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2556531.50   | 2.77%             | 2043-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES       | University of Utah/The                                                       | CUSIP: 915183X93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $839327.00    | 0.91%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA RSDL CARE FACS  | FULTON COUNTY RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY          | CUSIP: 360059AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501400.25    | 0.54%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE    | State of Hawaii Airports System Revenue                                      | CUSIP: 419794K76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020964.40   | 1.11%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA           | Municipal Electric Authority of Georgia                                      | CUSIP: 62620HHQ8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    775000 | PA      | $787526.40    | 0.85%             | 2064-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592250BK9<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1519546.40   | 1.65%             | 2053-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                     | State of Georgia                                                             | CUSIP: 373385MQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $587767.35    | 0.64%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                         | CUSIP: 19648FWT7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    800000 | PA      | $813537.12    | 0.88%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                          | CUSIP: 93974EV52<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015148.00   | 1.10%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                            | CUSIP: 4521522J9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    235000 | PA      | $240899.30    | 0.26%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE   | Ohio Water Development Authority                                             | CUSIP: 67765QTA4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1583935.95   | 1.72%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT | New Jersey Educational Facilities Authority                                  | CUSIP: 646067FV5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $478788.70    | 0.52%             | 2048-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | ILLINOIS FINANCE AUTHORITY                                                   | CUSIP: 45204EC55<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $714409.30    | 0.78%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L | NEW YORK LIBERTY DEVELOPMENT CORP                                            | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969907.80    | 1.05%             | 2044-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                     | CUSIP: 63608TAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $333257.70    | 0.36%             | 2032-04-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL | COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY                         | CUSIP: 19645RB34<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500320.45    | 0.54%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PYR0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994899.50    | 1.08%             | 2042-12-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R | INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX/THE                  | CUSIP: 71885FDJ3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1840581.26   | 2.00%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS | New Hampshire Business Finance Authority                                     | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    491891 | PA      | $470580.88    | 0.51%             | 2051-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X7H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864299.90    | 0.94%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                    | State of Delaware                                                            | CUSIP: 246381UW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1976917.40   | 2.15%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO LAND CLEARANCE  | KANSAS CITY LAND CLEARANCE REDEVELOPMENT AUTHORITY                           | CUSIP: 48504MAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $506686.90    | 0.55%             | 2050-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SCH DIST | DENVER CO SD#1- 5.5 12/44                                                    | CUSIP: 249174ZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2161661.20   | 2.35%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC SCH AUTH SC | Virginia Public School Authority                                             | CUSIP: 92818HH87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1464639.75   | 1.59%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA      | Municipal Electric Authority of Georgia                                      | CUSIP: 626207H31<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000043.70   | 1.09%             | 2060-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECON DEV A | South Carolina Jobs-Economic Development Authority                           | CUSIP: 83704EAF1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650665.21    | 0.71%             | 2028-11-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                     | CUSIP: 91412HVY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1088874.53   | 1.18%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R | City of Philadelphia PA Water & Wastewater Revenue                           | CUSIP: 717893Q46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050075.60   | 1.14%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                   | CUSIP: 59447TVA8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1091232.00   | 1.18%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1828958.60   | 1.99%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                          | CUSIP: 64966SJZ0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501330.50    | 0.54%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA | Iowa Finance Authority                                                       | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1151261.31   | 1.25%             | 2050-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO LAND CLEARANCE  | KANSAS CITY LAND CLEARANCE REDEVELOPMENT AUTHORITY                           | CUSIP: 48504MAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $722799.83    | 0.78%             | 2040-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LOWER AL GAS DIST GAS PROJ REV | Lower Alabama Gas District/The                                               | CUSIP: 547804AE4<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533952.25   | 2.75%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH ACT 38 FA | MICHIGAN FIN AUTH-RE 5.5                                                     | CUSIP: 59447NBC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    430000 | PA      | $439865.96    | 0.48%             | 2049-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEVADA ST                      | State of Nevada                                                              | CUSIP: 641462SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563001.95   | 1.70%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                         | CUSIP: 19648FYJ7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998532.90    | 1.08%             | 2054-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | WASHINGTON STATE HOUSING FINANCE COMMISSION                                  | CUSIP: 939783TG1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505408.55    | 0.55%             | 2031-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504684.60    | 0.55%             | 2052-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTMINSTER MD PROJ REVENUE    | CITY OF WESTMINSTER MD                                                       | CUSIP: 960735AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365183.78    | 0.40%             | 2034-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP  | New York City Housing Development Corp                                       | CUSIP: 64972KEK7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978254.50    | 1.06%             | 2054-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP WST | City of Phoenix Civic Improvement Corp                                       | CUSIP: 71883PMN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043999.40   | 1.13%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE   | City of Philadelphia PA Airport Revenue                                      | CUSIP: 717817TP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1080337.93   | 1.17%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                                    | CUSIP: 64577XEB8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    750000 | PA      | $779653.73    | 0.85%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA           | Municipal Electric Authority of Georgia                                      | CUSIP: 62620HAX0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975475.30    | 1.06%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712JMW0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    755000 | PA      | $647673.43    | 0.70%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING | Suffolk Regional Off-Track Betting Co                                        | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250005.73    | 0.27%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DU PAGE CNTY IL SPL SVC AREA # | DU PAGE COUNTY SPECIAL SERVICE AREA NO 31                                    | CUSIP: 26350TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    234000 | PA      | $231043.11    | 0.25%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WESTMORELAND CNTY PA MUNI AUTH | Westmoreland County Municipal Authority                                      | CUSIP: 961017QS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1201477.20   | 1.30%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH           | Stamford Housing Authority                                                   | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $748705.05    | 0.81%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OREGON ST                      | State of Oregon                                                              | CUSIP: 68609UPQ2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115982.00   | 2.30%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC | Downtown Revitalization Public Infrastructure District                       | CUSIP: 26118TAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535411.15    | 0.58%             | 2041-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST    | Fort Bend Independent School District                                        | CUSIP: 346843XV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2054092.00   | 2.23%             | 2055-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIDTOWN MIAMI FL CDD SPL ASSMN | MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT                                 | CUSIP: 59807PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410324.43    | 0.45%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP | State of Oregon Housing & Community Services Department                      | CUSIP: 686087Y84<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1937081.40   | 2.10%             | 2043-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL TRANSIT SAL | County of Miami-Dade FL Transit System                                       | CUSIP: 59334PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1263818.85   | 1.37%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                  | CUSIP: 939783C95<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935176.80    | 1.02%             | 2041-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DELAWARE CNTY PA INDL DEV AUTH | Delaware County Industrial Development Authority/PA                          | CUSIP: 245903AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.65%             | 2045-09-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-23

**Name of Applicant:** Federated Hermes Premier Municipal Income Fund

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Premier Municipal Income Fund

**Title:** Chief Compliance Officer