# EDGAR Filing Document

**Accession Number:** 0000866700
**File Stem:** 0001193125-25-247968
**Filing Date:** 2025-10
**Character Count:** 143883
**Document Hash:** fdd58e008b42d80656b3fc857f19fc54
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-247968.hdr.sgml**: 20251023

**ACCESSION NUMBER**: 0001193125-25-247968

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251023

**DATE AS OF CHANGE**: 20251023

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Municipal Securities Income Trust
- **CENTRAL INDEX KEY:** 0000866700

**ORGANIZATION NAME:**
- **EIN:** 251695291
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06165
- **FILM NUMBER:** 251411627

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED MUNICIPAL SECURITIES INCOME TRUST
- **DATE OF NAME CHANGE:** 19991029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNICIPAL SECURITIES INCOME TRUST
- **DATE OF NAME CHANGE:** 19921023

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED MUNICIPAL INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Federated Hermes Municipal High Yield Advantage Fund (Series ID: S000012747)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000034361 | Class A Shares       | FMOAX           |
| C000034363 | Class C Shares       | FMNCX           |
| C000034364 | Class F Shares       | FHTFX           |
| C000130166 | Institutional Shares | FMYIX           |
| C000188346 | Class T Shares       |  |

## 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 Municipal Securities Income Trust

- **b. Investment Company Act file number:** 811-06165

- **c. CIK number of Registrant:** 0000866700

- **d. LEI of Registrant:** 254900RAQHES8ITD1U55

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

  - **Street Address 1:** Federated Hermes Funds

  - **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 Municipal High Yield Advantage Fund

- **b. EDGAR series identifier (if any):** S000012747

- **c. LEI of Series:** 549300HL3E2CQPWLHH76

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

- **a. Date of fiscal year-end:** 2025-08-31

- **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:** $434080848.01

**Total Liabilities:** $2942667.10

**Net Assets:** $431138180.91

**Delayed Delivery Securities:** $1712757.30

**Cash Not Reported:** $203464.42

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -296.153000400000 | **1-Year:** -7010.990496200000 | **5-Year:** -29650.866053400000 | **10-Year:** -94730.169286700000 | **30-Year:** -49393.872032500000

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

- **3-Month:** -520.533935100000 | **1-Year:** -8967.220014600000 | **5-Year:** -32475.873531800000 | **10-Year:** -84009.463479300000 | **30-Year:** -44365.188659200000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034361 | 0.73%                | -1.06%               | 0.87%                |
| Class ID C000034363 | 0.54%                | -0.99%               | 0.82%                |
| Class ID C000034364 | 0.60%                | -1.05%               | 1.01%                |
| Class ID C000130166 | 0.75%                | -1.04%               | 0.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1265525.38             | $2511494.81                                |
| Month 2  | $-2743436.47             | $-3178022.54                               |
| Month 3  | $-491026.94              | $3130793.67                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SOUTH CAROLINA ST JOBS-ECON DE | SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY                           | CUSIP: 83704CAF5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864536.90    | 0.20%             | 2052-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | LAKEWOOD RANCH STEWARDSHIP DISTRICT                                          | CUSIP: 51265KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1027988.53   | 0.24%             | 2046-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992901.10    | 0.23%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE | District of Columbia Income Tax Revenue                                      | CUSIP: 25477GYP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549934.55   | 0.36%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA CMNTY FACS DIST | Orange County Community Facilities District                                  | CUSIP: 68423PA91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015280.70   | 0.24%             | 2053-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTHAMPTON CNTY PA GEN PURPOS | Northampton County General Purpose Authority                                 | CUSIP: 66353RDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4025952.00   | 0.93%             | 2053-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT | North Carolina Turnpike Authority                                            | CUSIP: 65830RDA4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1476269.25   | 0.34%             | 2058-01-01      | 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: 72178AAJ1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033176.80   | 0.24%             | 2057-11-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR | Florida Development Finance Corp                                             | CUSIP: 34061WBN3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $669508.30    | 0.16%             | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182VB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $799417.80    | 0.19%             | 2040-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD REVENUE | Industrial Development Board of the City of Mobile Alabama                   | CUSIP: 607166AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.05%             | 2031-09-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION  | Hillsborough County Aviation Authority                                       | CUSIP: 432308X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032448.50   | 0.24%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | CITY OF MINNEAPOLIS MN                                                       | CUSIP: 60375CAW4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2537889.60   | 0.59%             | 2047-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                  | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |   1636369 | PA      | $1495683.13   | 0.35%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH  | CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                              | CUSIP: 165588DR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $711113.04    | 0.16%             | 2051-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIERA STEWARDSHIP DIST FL SPL  | Viera Stewardship District                                                   | CUSIP: 92670TAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1123715.85   | 0.26%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH            | Atlanta Development Authority/The                                            | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995588.40   | 0.46%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR | TULSA COUNTY INDUSTRIAL AUTHORITY                                            | CUSIP: 899530BA6<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1666794.50   | 0.39%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU | LOUISIANA PUBLIC FACILITIES AUTHORITY                                        | CUSIP: 546399DE3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30527.27     | 0.01%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE | Tempe Industrial Development Authority                                       | CUSIP: 87972MAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $259407.48    | 0.06%             | 2047-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                          | CUSIP: 51265KEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $579824.93    | 0.13%             | 2050-05-01      | Fixed         | 4.00%                 | 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        |   4000000 | PA      | $4124688.80   | 0.96%             | 2054-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1943306.20   | 0.45%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH SOLID | VERMONT ECONOMIC DEVELOPMENT AUTHORITY                                       | CUSIP: 924157AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005423.30   | 0.23%             | 2036-04-01      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                        | CUSIP: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1244111.00   | 0.29%             | 2038-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN | VIRGINIA SMALL BUSINESS FINANCING AUTHORITY                                  | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $345941.19    | 0.08%             | 2048-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE  | Parish of St James LA                                                        | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066396.90   | 0.25%             | 2038-06-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN | California Public Finance Authority                                          | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1086176.75   | 0.25%             | 2046-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| POLK CNTY FL INDL DEV AUTH     | Polk County Industrial Development Authority                                 | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $962500.00    | 0.22%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| GLEN COVE NY LOCAL ECON ASSIST | GLEN COVE LOCAL ECONOMIC ASSISTANCE CORP                                     | CUSIP: 377450AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4455000 | PA      | $1156216.84   | 0.27%             | 2045-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE       | DISTRICT OF COLUMBIA                                                         | CUSIP: 25483VQY3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938412.40    | 0.22%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT | Allentown Neighborhood Improvement Zone Development Authority                | CUSIP: 018444CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $781328.72    | 0.18%             | 2042-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                           | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3308662.83   | 0.77%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT  | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $4523284.08   | 1.05%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN GROVE CMNTY DEV DIST  | Southern Groves Community Development District No 5                          | CUSIP: 843021AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $491934.63    | 0.11%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HACIENDA NORTH CDD FL SPL ASSM | Hacienda North Community Development District                                | CUSIP: 404511AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519970.75    | 0.12%             | 2043-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869713.40    | 0.20%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E | OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                       | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $879194.40    | 0.20%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV | Build NYC Resource Corp                                                      | CUSIP: 12008ETZ9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936139.90    | 0.22%             | 2062-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO | California Municipal Finance Authority                                       | CUSIP: 13048RAM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2308191.30   | 0.54%             | 2053-09-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST | Tulsa Municipal Airport Trust Trustees/OK                                    | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552106.70    | 0.13%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | PUBLIC FINANCE AUTHORITY                                                     | CUSIP: 74442PF75<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961819.20   | 0.46%             | 2054-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                           | CUSIP: 83704CAX6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981891.60    | 0.23%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | CHICAGO BOARD OF EDUCATION                                                   | CUSIP: 167505RM0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3380388.00   | 0.78%             | 2046-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                | Tolomato Community Development District                                      | CUSIP: 889560DX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $848600.82    | 0.20%             | 2040-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927818.80    | 0.22%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014448.80   | 0.47%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALAVERA CDD FL CAPITAL IMPT R | TALAVERA CDD 4.5 5/50                                                        | CUSIP: 87410PAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $651182.07    | 0.15%             | 2050-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU | Colorado Educational & Cultural Facilities Authority                         | CUSIP: 19645UGH1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $367697.10    | 0.09%             | 2061-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WINDWARD AT LAKEWOOD RANCH CDD | Windward at Lakewood Ranch Community Development District                    | CUSIP: 97382EAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1044724.84   | 0.24%             | 2052-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE       | DISTRICT OF COLUMBIA                                                         | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864836.50    | 0.20%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576NB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544659.20   | 0.36%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R | LT Ranch Community Development District                                      | CUSIP: 54912EAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994623.80    | 0.23%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2485714 | PA      | $1559785.72   | 0.36%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                   | CUSIP: 5444457H6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075309.00   | 0.48%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                    | CUSIP: 442349JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3095623.80   | 0.72%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592250FV1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1450299.90   | 0.34%             | 2053-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S | Mobile County Industrial Development Authority                               | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905294.60    | 0.21%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KALISPELL MT HSG & HLTHCARE FA | CITY OF KALISPELL MT                                                         | CUSIP: 48342YAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1195781.91   | 0.28%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL  | PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                            | CUSIP: 717824AL0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    610000 | PA      | $621493.56    | 0.14%             | 2035-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS | NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY                                     | CUSIP: 63607WAN4<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    975400 | PA      | $887775.50    | 0.21%             | 2038-01-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046558.20   | 0.47%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEVADA DEPT OF BUSINESS & INDU | State of Nevada Department of Business & Industry                            | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1837997.80   | 0.43%             | 2065-01-01      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YFF7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    195000 | PA      | $127725.00    | 0.03%             | 2040-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO HLTH & HOSP AUTH HLT | Denver Health & Hospital Authority                                           | CUSIP: 24918EEP1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    750000 | PA      | $784582.20    | 0.18%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN | Port of Portland OR Airport Revenue                                          | CUSIP: 7352404H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007695.00   | 0.23%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KALISPELL MT HSG & HLTHCARE FA | CITY OF KALISPELL MT                                                         | CUSIP: 48342YAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $779295.78    | 0.18%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU | Public Finance Authority                                                     | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2103562.80   | 0.49%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PLYMOUTH MI EDUCTNL CENTER CHR | PLYMOUTH EDUCATIONAL CENTER CHARTER SCHOOL                                   | CUSIP: 729693AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $750000.00    | 0.17%             | 2035-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PP33<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $957380.80    | 0.22%             | 2036-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| OREGON ST                      | STATE OF OREGON                                                              | CUSIP: 68609UPR0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043364.80   | 0.24%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUCKS CNTY PA INDL DEV AUTH    | BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                                | CUSIP: 118612MC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1834477.00   | 0.43%             | 2046-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2439864.68   | 0.57%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE PUTTERS/DRIVER | JPMorgan Chase Putters/Drivers Trust                                         | CUSIP: 46640KYX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.09%             | 2027-06-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                     | City of Detroit MI                                                           | CUSIP: 2510934Q0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009177.70   | 0.23%             | 2050-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YFG5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1637500.00   | 0.38%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP V | TOBACCO SETTLEMENT FINANCING CORP/VA                                         | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2493942.60   | 0.58%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA DEPT OF BUSINESS & INDU | NEVADA DEPARTMENT OF BUSINESS & INDUSTRY                                     | CUSIP: 641454AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $792220.53    | 0.18%             | 2047-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LEE CNTY FL ARPT REVENUE       | County of Lee FL Airport Revenue                                             | CUSIP: 523470HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1611413.76   | 0.37%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GULFPORT MS HOSP FAC REVENUE   | CITY OF GULFPORT MS                                                          | CUSIP: 402682DH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013460.00   | 0.47%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI LIMITED OBL | PUBLIC FINANCE AUTHORITY                                                     | CUSIP: 74446HAD1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1200000.00   | 0.28%             | 2050-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG         | CITY OF BALTIMORE MD                                                         | CUSIP: 05923TBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $488888.85    | 0.11%             | 2043-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD FL IMPT  | Lakes of Sarasota Community Development District                             | CUSIP: 51206YAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $202830.81    | 0.05%             | 2051-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH           | Stamford Housing Authority                                                   | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986251.30    | 0.23%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA           | Municipal Electric Authority of Georgia                                      | CUSIP: 62620HAX0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    475000 | PA      | $463350.77    | 0.11%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2620000.00   | 0.61%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | HOUSING & REDEVELOPMENT AUTHORITY OF THE CITY OF ST PAUL MINNESOTA           | CUSIP: 852297AY6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1854118.60   | 0.43%             | 2050-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FL FIN AUTH SENI | Capital Projects Finance Authority/FL                                        | CUSIP: 14043HAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1433420.25   | 0.33%             | 2065-01-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81 | City of Las Vegas NV Special Improvement District No 814                     | CUSIP: 51778UAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $891634.30    | 0.21%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                          | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024327.40   | 0.24%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC  | Public Finance Authority                                                     | CUSIP: 74444VAH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2648468.70   | 0.61%             | 2053-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA | PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                        | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999816.40   | 0.46%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                                    | CUSIP: 45506EAC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    915000 | PA      | $785339.74    | 0.18%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  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        |   1800000 | PA      | $1658608.74   | 0.38%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                     | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $901992.78    | 0.21%             | 2030-12-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| WALKER CNTY AL ECON & INDL DEV | Walker County Economic & Industrial Development Authority                    | CUSIP: 931542AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.14%             | 2063-08-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| MET ATLANTA RAPID TRANSIT AUTH | Metropolitan Atlanta Rapid Transit Authority                                 | CUSIP: 591746CA8<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055071.90   | 0.71%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                          | CUSIP: 13058TSQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $604090.94    | 0.14%             | 2053-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH | West Virginia Economic Development Authority                                 | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983243.70    | 0.23%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU | Idaho Health Facilities Authority                                            | CUSIP: 451295D97<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083147.80   | 0.48%             | 2057-11-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD SPL OBLIG         | CITY OF BALTIMORE MD                                                         | CUSIP: 05923TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $955078.60    | 0.22%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                          | CUSIP: 64966SHL3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2547962.10   | 0.59%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                              | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1696835.73   | 0.39%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                | Tolomato Community Development District                                      | CUSIP: 889560DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975349.20    | 0.23%             | 2037-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN | New Hope Cultural Education Facilities Finance Corp                          | CUSIP: 64542QCH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1561689.40   | 0.36%             | 2046-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA           | Municipal Electric Authority of Georgia                                      | CUSIP: 62620HHP0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513472.10   | 0.35%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KIRKWOOD MO INDL DEV AUTH RETM | KIRKWOOD INDUSTRIAL DEVELOPMENT AUTHORITY                                    | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $836301.20    | 0.19%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION  | Texas Transportation Commission                                              | CUSIP: 88283NAZ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1187410.79   | 0.28%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE  | County of Jefferson AL Sewer Revenue                                         | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005860.20   | 0.47%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                        | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918993.10    | 0.21%             | 2065-01-01      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R | LT Ranch Community Development District                                      | CUSIP: 54912EAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493847.10    | 0.11%             | 2054-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| REUNION E FL CDD SPL ASSMNT    | REUNION EAST COMMUNITY DEVELOPMENT DISTRICT                                  | CUSIP: 761311AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $1.45         | 0.00%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE                                    | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503228.30   | 0.35%             | 2038-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA ECON DEV AUTH  | Henrico County Economic Development Authority                                | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $744922.88    | 0.17%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV | Build NYC Resource Corp                                                      | CUSIP: 12008QAG4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002179.30   | 0.23%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                         | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010560.50   | 0.23%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R | CITY OF PHILADELPHIA PA WATER & WASTEWATER REVENUE                           | CUSIP: 717893D24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958041.70    | 0.22%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                            | CUSIP: 452153KC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012375.10   | 0.23%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                       | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1946513.60   | 0.45%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE      | Texas Water Development Board                                                | CUSIP: 88285AGC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1805793.40   | 0.42%             | 2059-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                   | TSASC Inc/NY                                                                 | CUSIP: 898526FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2416322.91   | 0.56%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN  | NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP                          | CUSIP: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $776901.90    | 0.18%             | 2046-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                    | CUSIP: 87638QSD2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030842.20   | 0.24%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB | Iowa Tobacco Settlement Authority                                            | CUSIP: 888805CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2354002.43   | 0.55%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHADOWLAWN CDD FL SPL ASSMNT R | Shadowlawn Community Development District                                    | CUSIP: 818820AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938131.40    | 0.22%             | 2054-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS | Florida Development Finance Corp                                             | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    665000 | PA      | $661135.82    | 0.15%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                              | CUSIP: 45528U6Y2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022581.80   | 0.24%             | 2057-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                     | CUSIP: 04052BEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $449012.05    | 0.10%             | 2051-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EN | NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                    | CUSIP: 64577QAG6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $940622.70    | 0.22%             | 2043-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT  | N LAS VEGAS IM 4.625 6/49                                                    | CUSIP: 66041HGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $520848.90    | 0.12%             | 2049-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3861078 | PA      | $2133245.56   | 0.49%             | 2051-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| STEEL POINT INFRASTRUCTURE IMP | Steel Point Infrastructure Improvement District                              | CUSIP: 85814YAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033891.00   | 0.24%             | 2052-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THREE RIVERS CDD FL            | Three Rivers Community Development District                                  | CUSIP: 88563MAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $586276.08    | 0.14%             | 2053-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650110AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $835100.00    | 0.19%             | 2046-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S | SALT VERDE FINANCIAL CORP                                                    | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3135357.90   | 0.73%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU | County of Berkeley SC                                                        | CUSIP: 084220AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $883604.20    | 0.20%             | 2040-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WINONA MN PORT AUTH CHRT SCH L | WINONA PORT AUTHORITY                                                        | CUSIP: 975243AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $286682.21    | 0.07%             | 2036-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $614174.65    | 0.14%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp/NJ                                         | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3623268.96   | 0.84%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA REDEV & HSG AUTH RE | Norfolk Redevelopment & Housing Authority                                    | CUSIP: 655909CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870559.00    | 0.20%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH DO | New Jersey Economic Development Authority                                    | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535823.90   | 0.36%             | 2035-01-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L | Central Florida Expressway Authority                                         | CUSIP: 153476JH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021243.40   | 0.47%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH  | KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY                              | CUSIP: 49126PFH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1479536.00   | 0.34%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU | Idaho Health Facilities Authority                                            | CUSIP: 451295A90<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2363921.70   | 0.55%             | 2056-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION | Louisiana Stadium & Exposition District                                      | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021818.60   | 0.47%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN  | New Hope Cultural Education Facilities Finance Corp                          | CUSIP: 64542UDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1906395.60   | 0.44%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA | Pennsylvania Higher Educational Facilities Authority                         | CUSIP: 70917TRX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994630.10    | 0.23%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH  | Baldwin County Industrial Development Authority                              | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1336902.51   | 0.31%             | 2055-06-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE       | District of Columbia                                                         | CUSIP: 25483VWB6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909193.60    | 0.21%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                     | CUSIP: 04052BTH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $719474.33    | 0.17%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A | Palm Beach County Health Facilities Authority                                | CUSIP: 69651ACZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2416478.25   | 0.56%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF | Florida Development Finance Corp                                             | CUSIP: 34061QCU9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986709.50    | 0.23%             | 2055-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                    | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1255011.90   | 0.29%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY NJ PORT CORP      | SOUTH JERSEY PORT CORP                                                       | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479515.70    | 0.11%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU | Louisiana Public Facilities Authority                                        | CUSIP: 546399SX5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981601.70    | 0.23%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA | FOREST LAKE MN 5.375 8/50                                                    | CUSIP: 345856AV0<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932889.90    | 0.22%             | 2050-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| THREE RIVERS CDD FL            | Three Rivers Community Development District                                  | CUSIP: 88563MAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494464.05    | 0.11%             | 2043-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507811.25    | 0.12%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville/Jefferson County Metropolitan Government                          | CUSIP: 54659LCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024261.80   | 0.24%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville/Jefferson County Metropolitan Government                          | CUSIP: 54659LCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034747.70   | 0.24%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                   | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037360.40   | 0.47%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE    | City of Houston TX Airport System Revenue                                    | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557310.50   | 0.36%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BRD    | New Orleans Aviation Board                                                   | CUSIP: 64763HMS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1730925.55   | 0.40%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R | LT RANCH CDD FL CA 4 5/50                                                    | CUSIP: 54912EAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $648788.33    | 0.15%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH  | CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                              | CUSIP: 165588DQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1094230.44   | 0.25%             | 2047-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARBORWOOD FL CDD CAPITAL IMPT  | ARBORWOOD COMMUNITY DEVELOPMENT DISTRICT                                     | CUSIP: 038926AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115051.34    | 0.03%             | 2036-05-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712JMT7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999951.00   | 0.46%             | 2055-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank                              | CUSIP: 45528U7L9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078172.30   | 0.25%             | 2067-03-01      | Fixed         | 7.75%                 | 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        |   2500000 | PA      | $2986721.25   | 0.69%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANNING LEWIS RANCH MET DIST N | BANNING LEWIS 5.75 12/48                                                     | CUSIP: 066637AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959490.30    | 0.22%             | 2048-12-01      | 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        |    313000 | PA      | $309044.84    | 0.07%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU | Idaho Health Facilities Authority                                            | CUSIP: 451295B24<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    490000 | PA      | $486198.43    | 0.11%             | 2028-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ALTA LAKES CMNTY DEV DIST FL S | Alta Lakes Community Development District                                    | CUSIP: 021304AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1090485.54   | 0.25%             | 2049-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL | Chandler Industrial Development Authority                                    | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019297.50   | 0.24%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE | Public Finance Authority                                                     | CUSIP: 74442ELV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1261101.90   | 0.29%             | 2054-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| HACIENDA NORTH CDD FL SPL ASSM | Hacienda North Community Development District                                | CUSIP: 404511AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037188.60   | 0.24%             | 2053-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &S | Puerto Rico Commonwealth Aqueduct & Sewer Authority                          | CUSIP: 745160TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3450358.80   | 0.80%             | 2042-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                            | CUSIP: 452153DA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037075.80   | 0.24%             | 2042-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALCASIEU PARISH LA MEMORIAL H | Calcasieu Parish Memorial Hospital Service District                          | CUSIP: 128423EY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939375.10    | 0.22%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116CM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015485.20   | 0.24%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| XENIA IA RURAL WTR DIST        | XENIA RURAL WATER DISTRICT                                                   | CUSIP: 98410ADE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10322.73     | 0.00%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | METROPOLITAN PIER & EXPOSITION AUTHORITY                                     | CUSIP: 592250CK8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $361854.00    | 0.08%             | 2056-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                          | CUSIP: 13058TTB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $438014.51    | 0.10%             | 2053-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH | Seminole County Industrial Development Authority                             | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1113486.38   | 0.26%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                   | TSASC INC/NY                                                                 | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952641.90    | 0.22%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YCZ6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    995000 | PA      | $651725.00    | 0.15%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  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        |     25000 | PA      | $25000.00     | 0.01%             | 2045-09-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $1299187.40   | 0.30%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY NY INDL DEV AGY CC | Nassau County Industrial Development Agency                                  | CUSIP: 631ESCAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1365028 | PA      | $136.50       | 0.00%             | 2058-01-01      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2790171.60   | 0.65%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAYTOWN TWP MN LEASE           | TOWNSHIP OF BAYTOWN MN                                                       | CUSIP: 073225AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $619649.85    | 0.14%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE | Public Finance Authority                                                     | CUSIP: 744396FN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1189568.88   | 0.28%             | 2054-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH SURFACE FREI | Illinois Finance Authority                                                   | CUSIP: 45203PAD6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2626800.75   | 0.61%             | 2043-12-01      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH CHRT | Delaware State Economic Development Authority                                | CUSIP: 246372AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1383925.60   | 0.32%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1790862.40   | 0.42%             | 2053-07-01      | Fixed         | 4.75%                 | 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        |   1000000 | PA      | $1000216.90   | 0.23%             | 2029-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NEWARK NJ MASS TRANSIT ACCESS  | City of Newark NJ Mass Transit Access Tax Revenue                            | CUSIP: 650360AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083208.30   | 0.25%             | 2062-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH  | ORANGE COUNTY HEALTH FACILITIES AUTHORITY                                    | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009706.90   | 0.23%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA | Iowa Finance Authority                                                       | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2930000 | PA      | $3323345.47   | 0.77%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S | Mobile County Industrial Development Authority                               | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $868469.40    | 0.20%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NIAGARA NY AREA DEV CORP SOLID | NIAGARA AREA DEVELOPMENT CORP                                                | CUSIP: 653542AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $882669.10    | 0.20%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YFE0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    310000 | PA      | $203050.00    | 0.05%             | 2033-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY                                     | CUSIP: 04052BCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $583715.67    | 0.14%             | 2051-07-01      | Fixed         | 5.00%                 | Yes           |                  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    | 0.14%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS | Guam Government Waterworks Authority                                         | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018294.10   | 0.24%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R | INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX/THE                  | CUSIP: 71885FEJ2<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974575.80    | 0.23%             | 2046-07-01      | 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        |   2000000 | PA      | $2043639.60   | 0.47%             | 2065-07-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MILLSBORO DE SPL OBLG          | MILLSBORO SPL 5.125 7/38                                                     | CUSIP: 601266AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2912094.60   | 0.68%             | 2038-07-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT | Washington Metropolitan Area Transit Authority Dedicated Revenue             | CUSIP: 93878YDY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1807905.00   | 0.42%             | 2059-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                            | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8414636.80   | 1.95%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F | County of Montgomery OH                                                      | CUSIP: 613518DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491479.10    | 0.11%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL | Colorado Educational & Cultural Facilities Authority                         | CUSIP: 19645RY54<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002960.10   | 0.23%             | 2036-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XQM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $439583.00    | 0.10%             | 2045-05-01      | Fixed         | 4.00%                 | 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        |   1670000 | PA      | $1751579.50   | 0.41%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA | CITY OF FOREST LAKE MN                                                       | CUSIP: 345856AJ7<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1699918.74   | 0.39%             | 2044-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                | CUSIP: 66285WR32<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1565313.90   | 0.36%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                          | CUSIP: 51265KCP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $438993.57    | 0.10%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRD OF MANAGERS TX JT GUADALUP | BOARD OF MANAGERS JOINT GUADALUPE COUNTY-CITY OF SEGUIN HOSPITAL             | CUSIP: 09659MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904595.50    | 0.21%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING | Suffolk Regional Off-Track Betting Co                                        | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2090881.59   | 0.48%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV | BUILD NYC RESOURCE CORP                                                      | CUSIP: 12008ELT1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    900000 | PA      | $875124.18    | 0.20%             | 2045-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| LAKES OF SARASOTA CDD FL IMPT  | Lakes of Sarasota Community Development District                             | CUSIP: 51206YAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15035.90     | 0.00%             | 2031-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH CMNTY AUTH BRD  | Sterling Ranch Community Authority Board                                     | CUSIP: 85950NAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $740984.74    | 0.17%             | 2054-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH SOL WST DISP | FINANCE AUTHORITY OF MAINE                                                   | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484544.90    | 0.11%             | 2047-12-01      | Variable      | 4.62%                 | Yes           |                  2 | On Loan: No      |
| TRADITION CDD #9 FL SPL ASSMNT | Tradition Community Development District No 9                                | CUSIP: 89269NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1072926.54   | 0.25%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                                    | CUSIP: 64577XEG7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    185000 | PA      | $200442.51    | 0.05%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP SPL  | Maryland Economic Development Corp                                           | CUSIP: 57422FAF3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $791975.10    | 0.18%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VENICE FL                      | City of Venice FL                                                            | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1160660.63   | 0.27%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                     | City of Detroit MI                                                           | CUSIP: 2510936E5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266834.15    | 0.06%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| W JEFFERSON AL INDL DEV BRD SO | West Jefferson Industrial Development Board                                  | CUSIP: 95345PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.08%             | 2038-12-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| WILLOW WALK FL CMNTY DEV DIST  | WILLOW WALK COMMUNITY DEVELOPMENT DISTRICT                                   | CUSIP: 97122RAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000076.40   | 0.46%             | 2045-05-01      | Fixed         | 5.62%                 | 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        |   2000000 | PA      | $1842497.80   | 0.43%             | 2050-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PL78<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $498657.80    | 0.12%             | 2037-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| OHIO ST PRIVATE ACTIVITY REVEN | STATE OF OHIO                                                                | CUSIP: 67759YAQ0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924844.60    | 0.21%             | 2053-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | CHICAGO O'HARE INTERNATIONAL AIRPORT                                         | CUSIP: 167590FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1062670.61   | 0.25%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE | Chicago Midway International Airport                                         | CUSIP: 167562SG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043915.30   | 0.24%             | 2048-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1134487.35   | 0.26%             | 2056-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH RIVER RANCH IMPT STEWARD | North River Ranch Improvement Stewardship District                           | CUSIP: 66200PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985888.30    | 0.23%             | 2043-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSIO | Florida Local Government Finance Commission                                  | CUSIP: 34077UAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1744821.31   | 0.40%             | 2064-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBANY NY CAPITAL RESOURCE COR | Albany Capital Resource Corp                                                 | CUSIP: 012432EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1628749.12   | 0.38%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                     | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $883382.85    | 0.20%             | 2035-12-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                | CUSIP: 57582R8A7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1558316.30   | 0.36%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                         | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1272462.50   | 0.30%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033182.80   | 0.24%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                          | CUSIP: 51265KFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $717609.71    | 0.17%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BASE VLG MET DIST #2 CO        | BASE VILLAGE METROPOLITAN DISTRICT NO 2                                      | CUSIP: 069781AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499897.85   | 0.35%             | 2046-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV | Yuma Industrial Development Authority                                        | CUSIP: 988514DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005708.50   | 0.23%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES  | Chicago Transit Authority Sales Tax Receipts Fund                            | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985271.30    | 0.23%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS | Oklahoma Development Finance Authority                                       | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2186560.10   | 0.51%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALAVERA CDD FL CAPITAL IMPT R | TALAVERA CDD 4.35 5/40                                                       | CUSIP: 87410PAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $449240.32    | 0.10%             | 2040-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| KENTON CNTY KY ARPT BRD        | Kenton County Airport Board                                                  | CUSIP: 491026WK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650844.03    | 0.15%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH RIVER RANCH IMPT STEWARD | North River Ranch Improvement Stewardship District                           | CUSIP: 66200PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979913.70    | 0.23%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HUNTSVILLE-REDSTONE VLY AL SPL | HUNTSVILLE-REDSTONE VILLAGE SPECIAL CARE FACILITIES FINANCING AUTHORITY      | CUSIP: 447297AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $357500.00    | 0.08%             | 2047-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU | Louisiana Public Facilities Authority                                        | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971571.80    | 0.23%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN | Indiana Finance Authority                                                    | CUSIP: 45471AUT7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005545.20   | 0.23%             | 2044-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD TAX INCR & S | County of Frederick MD                                                       | CUSIP: 355612AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1536069.19   | 0.36%             | 2043-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | LAKEWOOD RANCH STEWARDSHIP DISTRICT                                          | CUSIP: 51265KBB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002404.50   | 0.23%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | ILLINOIS FINANCE AUTHORITY                                                   | CUSIP: 45204EC30<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1583854.60   | 0.37%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LT RANCH CDD FL CAPITAL IMPT R | LT Ranch Community Development District                                      | CUSIP: 54912EAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493795.15    | 0.11%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST DEV AUTH ARPT F | CONNECTICUT STATE DEVELOPMENT AUTHORITY                                      | CUSIP: 207907AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003322.10   | 0.23%             | 2026-04-01      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| RIVER LANDING CDD FL CAP IMPT  | River Landing Community Development District                                 | CUSIP: 76828JAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $930399.08    | 0.22%             | 2051-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                         | CUSIP: 19648FAY0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502693.55   | 0.35%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT | Utah Charter School Finance Authority                                        | CUSIP: 91754TUW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1888894.20   | 0.44%             | 2037-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HUNTSVILLE-REDSTONE VLY AL SPL | HUNTSVILLE-REDSTONE VILLAGE SPECIAL CARE FACILITIES FINANCING AUTHORITY      | CUSIP: 447297AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1072500.00   | 0.25%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH | Lee County Industrial Development Authority/FL                               | CUSIP: 52349EEL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $834055.40    | 0.19%             | 2057-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                           | CUSIP: 7353894D7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2073045.80   | 0.48%             | 2050-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MUSKINGUM CNTY OH HOSP FACS    | COUNTY OF MUSKINGUM OH                                                       | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1839567.40   | 0.43%             | 2044-02-15      | 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      | $470580.97    | 0.11%             | 2051-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                  | CUSIP: 79739GTD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1630278.08   | 0.38%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY INDL DEV AUTH EX | Maricopa County Industrial Development Authority                             | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $802167.10    | 0.19%             | 2047-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| RENO-TAHOE NV ARPT AUTH ARPT R | Reno-Tahoe Airport Authority                                                 | CUSIP: 759874CL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1495587.45   | 0.35%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL REVENUE  | Capital Trust Authority                                                      | CUSIP: 14055AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1134072.10   | 0.26%             | 2029-10-03      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| BAYTOWN TWP MN LEASE           | TOWNSHIP OF BAYTOWN MN                                                       | CUSIP: 073225AY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $877672.95    | 0.20%             | 2046-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                   | CUSIP: 5444452Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036236.90   | 0.24%             | 2043-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERS EDGE III CDD FL CAPITAL | Rivers Edge III Community Development District                               | CUSIP: 76882NAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $681879.60    | 0.16%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2193393.00   | 0.51%             | 2031-07-01      | Fixed         | 5.75%                 | 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        |   4340000 | PA      | $3968840.16   | 0.92%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $900478.40    | 0.21%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TAMPA BAY FL WTR REGL WTR SPLY | Tampa Bay Water                                                              | CUSIP: 875124HX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064063.20   | 0.48%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                          | CUSIP: 13058TGD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970238.00    | 0.23%             | 2037-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ROCKVILLE MD MAYOR & COUNCIL E | City of Rockville MD                                                         | CUSIP: 774223BV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912462.00    | 0.21%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                          | CUSIP: 51265KGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989775.80    | 0.23%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE   | New Hampshire Business Finance Authority                                     | CUSIP: 63607YCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012110.50   | 0.23%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HARBOR BAY FL CDD CAPITAL IMPT | Harbor Bay Community Development District                                    | CUSIP: 411466AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823255.20    | 0.19%             | 2048-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | ARLINGTON HIGHER EDUCATION FINANCE CORP                                      | CUSIP: 041806HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1019691.75   | 0.24%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE    | State of Hawaii Airports System Revenue                                      | CUSIP: 419794J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $775288.28    | 0.18%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY GA DEV AUTH REVEN | Fayette County Development Authority                                         | CUSIP: 31222PAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1986344.44   | 0.46%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP | NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                    | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1262184.96   | 0.29%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994318.60    | 0.23%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI | Dallas Fort Worth International Airport                                      | CUSIP: 23503CDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006065.60   | 0.23%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE | County of Miami-Dade FL Aviation Revenue                                     | CUSIP: 593340AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1538728.05   | 0.36%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PB53<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    900000 | PA      | $948713.31    | 0.22%             | 2028-11-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| BANNING LEWIS RANCH REGL MET D | BANNING LEWIS 5.375 12/48                                                    | CUSIP: 066639AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913132.20    | 0.21%             | 2048-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                     | CUSIP: 74442PYS8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010635.40   | 0.47%             | 2052-12-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WESTMINSTER MD PROJ REVENUE    | CITY OF WESTMINSTER MD                                                       | CUSIP: 960735AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994066.80    | 0.23%             | 2044-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                       | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2064241.35   | 0.48%             | 2046-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| VERANDAH FL W CDD REVENUE      | VERANDAH WEST COMMUNITY DEVELOPMENT DISTRICT                                 | CUSIP: 922947AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $825440.72    | 0.19%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA INDL DEV CORP  | PORT OF SEATTLE INDUSTRIAL DEVELOPMENT CORP                                  | CUSIP: 735385AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999999.60    | 0.23%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAGLE CNTY CO ARPT TERMINAL CO | EAGLE COUNTY AIRPORT TERMINAL CORP                                           | CUSIP: 26947EAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325484.12    | 0.08%             | 2027-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $825398.70    | 0.19%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST NO  | City of Las Vegas NV Special Improvement District No 613                     | CUSIP: 51779CAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $425681.60    | 0.10%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION | Louisiana Stadium & Exposition District                                      | CUSIP: 546410CX7<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |    600000 | PA      | $597311.22    | 0.14%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EXEMPT FACS | PUBLIC FINANCE AUTHORITY                                                     | CUSIP: 74443QAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946969.30    | 0.22%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU | Colorado Educational & Cultural Facilities Authority                         | CUSIP: 19645UNR1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1583912.93   | 0.37%             | 2057-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N RANGE CO MET DIST #2         | NORTH RANGE METROPOLITAN DISTRICT NO 2                                       | CUSIP: 66176MAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2385150.50   | 0.55%             | 2047-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                     | CUSIP: 57585BEX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991684.90    | 0.23%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP  | Lakewood Ranch Stewardship District                                          | CUSIP: 51265KBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990992.90    | 0.23%             | 2048-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST NO  | City of Las Vegas NV Special Improvement District No 613                     | CUSIP: 51779CAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $482144.60    | 0.11%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL | COLORADO EDUCATIONAL & CULTURAL FACILITIES AUTHORITY                         | CUSIP: 19645RB42<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919253.80    | 0.21%             | 2045-12-15      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $1002800.50   | 0.23%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOGGY BRANCH CMNTY DEV DIST FL | Boggy Branch Community Development District                                  | CUSIP: 09720PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1049860.30   | 0.24%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MN CHRT SCH LEASE REV | CITY OF ST CLOUD MN                                                          | CUSIP: 788326AD8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1550309.40   | 0.36%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE | City of Valparaiso IN                                                        | CUSIP: 92028RAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $690078.83    | 0.16%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2055830.80   | 0.48%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY EXEMPT FACS REVEN | City of Henderson KY                                                         | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    375000 | PA      | $331554.23    | 0.08%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DWW5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    600000 | PA      | $612455.28    | 0.14%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP                    | CUSIP: 87638RJE8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2661159.33   | 0.62%             | 2052-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1301265.60   | 0.30%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN | New Hampshire Business Finance Authority                                     | CUSIP: 63608TAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $807835.04    | 0.19%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | TRIBOROUGH BRIDGE & TUNNEL AUTHORITY                                         | CUSIP: 896032BD0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080730.60   | 0.48%             | 2059-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH ACT 38 FA | MICHIGAN FINANCE AUTHORITY                                                   | CUSIP: 59447NBE5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002684.50   | 0.23%             | 2057-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DIRECTOR OF THE ST OF NEVADA D | State of Nevada Department of Business & Industry                            | CUSIP: 25490LAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966268.60    | 0.22%             | 2038-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH REVENUE   | New York Power Authority                                                     | CUSIP: 64989KLH7<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $828820.30    | 0.19%             | 2060-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | CALIFORNIA SCHOOL FINANCE AUTHORITY                                          | CUSIP: 13058TFZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $442535.55    | 0.10%             | 2047-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV | Columbus Regional Airport Authority                                          | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528380.90   | 0.35%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH | West Virginia Hospital Finance Authority                                     | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054580.60   | 0.24%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD | Virginia Beach Development Authority                                         | CUSIP: 92774NBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1471203.28   | 0.34%             | 2059-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SIOUX FALLS SD HLTH FACS REVEN | CITY OF SIOUX FALLS SD                                                       | CUSIP: 829566CS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $842931.50    | 0.20%             | 2047-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                       | CUSIP: 65820YTP1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1552357.59   | 0.36%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WINONA MN PORT AUTH CHRT SCH L | WINONA PORT AUTHORITY                                                        | CUSIP: 975243AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $591328.28    | 0.14%             | 2046-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROCKDALE CNTY GA DEV AUTH      | ROCKDALE COUNTY DEVELOPMENT AUTHORITY                                        | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467373.45    | 0.11%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6764000 | PA      | $1566974.62   | 0.36%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM | Arkansas Development Finance Authority                                       | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1211864.00   | 0.28%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN  | TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1606885 | PA      | $408604.02    | 0.09%             | 2061-11-15      | Variable      | 0.01%                 | 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        |   2920000 | PA      | $2932484.46   | 0.68%             | 2050-11-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECON DEV A | South Carolina Jobs-Economic Development Authority                           | CUSIP: 83704EAC8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032774.90   | 0.24%             | 2053-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1570710.50   | 0.36%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH | West Virginia Economic Development Authority                                 | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017329.50   | 0.24%             | 2055-01-01      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN | Industrial Development Authority of the County of Pima/The                   | CUSIP: 72178AAF9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052618.40   | 0.24%             | 2035-11-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                                     | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961027.90    | 0.22%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS | New Hampshire Business Finance Authority                                     | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    498206 | PA      | $468866.77    | 0.11%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE  | County of Jefferson AL Sewer Revenue                                         | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037508.00   | 0.47%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIOUX FALLS SD HLTH FACS REVEN | CITY OF SIOUX FALLS SD                                                       | CUSIP: 829566CR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $876912.50    | 0.20%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX HOSP DIST CTFS  | Harris County Hospital District                                              | CUSIP: 41415UCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019061.30   | 0.24%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Federated Hermes Municipal Securities Income Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Municipal Securities Income Trust

**Title:** Chief Compliance Officer