# EDGAR Filing Document

**Accession Number:** 0000215740
**File Stem:** 0001752724-23-046911
**Filing Date:** 2023-2
**Character Count:** 165392
**Document Hash:** 5dca9019a694f9f64059418f413c2a7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046911.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046911

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ELFUN TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000215740
- **IRS NUMBER:** 066210148
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02735
- **FILM NUMBER:** 23683505

**BUSINESS ADDRESS:**
- **STREET 1:** 1600 SUMMER STREET
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06905
- **BUSINESS PHONE:** 203-326-2373

**MAIL ADDRESS:**
- **STREET 1:** 1600 SUMMER STREET
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06905

## Series and Classes Contracts Data

### ELFUN TAX EXEMPT INCOME FUND (Series ID: S000011830)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000032332 | Elfun Tax Exempt Income Fund | elftx           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ELFUN TAX EXEMPT INCOME FUND

- **b. Investment Company Act file number:** 811-02735

- **c. CIK number of Registrant:** 0000215740

- **d. LEI of Registrant:** 54930051FSXB5CV41B97

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

  - **Street Address 1:** One Iron Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 617-664-7037

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

- **a. Name of Series:** ELFUN TAX EXEMPT INCOME FUND

- **b. EDGAR series identifier (if any):** S000011830

- **c. LEI of Series:** 54930051FSXB5CV41B97

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1059216841.75

**Total Liabilities:** $14283413.52

**Net Assets:** $1044933428.23

**Cash Not Reported:** $0.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2344.63000000 | **1-Year:** -46821.25000000 | **5-Year:** -205809.39000000 | **10-Year:** -218021.24000000 | **30-Year:** -51093.46000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032332 | -0.68%               | 4.21%                | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4632384.41             | $-5726461.28                               |
| Month 2  | $-8391973.67             | $48421873.66                               |
| Month 3  | $-1501020.51             | $-2652722.10                               |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974D2P2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1409133.31   | 0.13%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813XA2<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598801.25   | 0.15%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV                  | CUSIP: 20774YYR2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6608153.50   | 0.63%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of North Richland Hills TX                                                 | N RICHLAND HILLS TX                                          | CUSIP: 661838ZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1097250.31   | 0.11%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632A37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2125499.00   | 0.20%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WX82<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6260000 | PA      | $6589311.06   | 0.63%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870PU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5300066.00   | 0.51%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia SC Waterworks & Sewer System Revenue                           | COLUMBIA SC WTRWKS & SWR SYS                                 | CUSIP: 198504K50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2652998.74   | 0.25%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 4424354Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5142166.00   | 0.49%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 86 Canby                                    | CLACKAMAS CNTY OR SCH DIST #86                               | CUSIP: 179198JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3499864.56   | 0.33%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bixby OK                                                                | BIXBY OK                                                     | CUSIP: 091779LQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086142.10   | 0.10%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Convention & Sports Authority                                        | WASHINGTON DC CONVENTION & SPORTS AUTH DEDICATED TAX REVENUE | CUSIP: 93878LCA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $347061.52    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamblen TN                                                            | HAMBLEN CNTY TN                                              | CUSIP: 406540TR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $761309.33    | 0.07%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WUD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10275836.00  | 0.98%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461395C5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7727490.00   | 0.74%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XGX4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $538777.20    | 0.05%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2989295.35   | 0.29%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 495289Q29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1093427.95   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaufort County School District/SC                                              | BEAUFORT CNTY SC SCH DIST                                    | CUSIP: 073900R38<br>LEI: 549300B1H1V9F55UPU08 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2338358.88   | 0.22%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Power Agency                                                    | TEXAS ST MUNI PWR AGY REVENUE                                | CUSIP: 882555ZL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $271957.57    | 0.03%             | 2028-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066F21<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4267218.00   | 0.41%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758RD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5085122.50   | 0.49%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA UNIV REVENUE                                | CUSIP: 25484JDF4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4430000 | PA      | $4845326.68   | 0.46%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                             | SAINT CLOUD MN HLTH CARE REVENUE                             | CUSIP: 78916VDV9<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041992.20   | 0.20%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward County FL Water & Sewer Utility Revenue                                 | BROWARD CNTY FL WTR & SWR UTILITY REVENUE                    | CUSIP: 115117NG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1228167.98   | 0.12%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                           | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 64579F7Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6215000 | PA      | $6212136.13   | 0.59%             | 2038-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845SC5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160491.80   | 0.21%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CJY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10635480.00  | 1.02%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870RK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996582.50    | 0.10%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151PU7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6097547.40   | 0.58%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HY97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6452510.40   | 0.62%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SV67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028760.30   | 0.10%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                          | UNIV OF MICHIGAN MI                                          | CUSIP: 914455QB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074380.10   | 0.10%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                         | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ELR5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004851.00   | 0.19%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forney Independent School District                                              | FORNEY TX INDEP SCH DIST                                     | CUSIP: 346425HZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $559045.60    | 0.05%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RSP2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1487464.05   | 0.14%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EQA7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1347780.68   | 0.13%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WXZ4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4116914.00   | 0.39%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO Sanitary Sewer System Revenue                            | KANSAS CITY MO SAN SWR SYSTEM REVENUE                        | CUSIP: 48507TFX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1686373.11   | 0.16%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cedar Rapids Community School District Infrastructure Sales Services & Use Tax  | CEDAR RAPIDS IA CMNTY SCH DIST INFRASTRUCTURE SALES SVC      | CUSIP: 150539BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1107763.19   | 0.11%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593M58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6126844.80   | 0.59%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State University                                                         | OREGON ST UNIV GEN REVENUE                                   | CUSIP: 68608WAA0<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062517.40   | 0.20%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DKL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2963940.60   | 0.28%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Bay Bridge & Tunnel District                                         | CHESAPEAKE BAY VA BRIDGE & TUNNEL DIST REVENUE               | CUSIP: 16514PAE9<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1964957.60   | 0.19%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EMG9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4586051.25   | 0.44%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FDL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1908671.98   | 0.18%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CNTY TRANSPRTN                 | CUSIP: 574203PC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1187144.70   | 0.11%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366J5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085002.40   | 0.10%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                               | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE | CUSIP: 762197PX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5038555.00   | 0.48%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                | NORTH CAROLINA ST CAPITAL FACS FIN AGY REVENUE               | CUSIP: 65819GLB2<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000082.40   | 0.19%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                         | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817WG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068978.00   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JFW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3731511.86   | 0.36%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Dedicated Excise Tax Revenue                         | DENVER CO CITY & CNTY DEDICATED TAX REVENUE                  | CUSIP: 24917DAU7<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2381634.69   | 0.23%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                          | OKLAHOMA ST CAPITOL IMPT AUTH ST FACS REVENUE                | CUSIP: 679088BB9<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4112543.20   | 0.39%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545J42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1616282.85   | 0.15%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BTA9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042500.80   | 0.20%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JK68<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018397.60   | 0.10%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514ABL8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10842672.00  | 1.04%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UUL0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1328759.11   | 0.13%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FRS9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021593.60   | 0.10%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4541096.00   | 0.43%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593SV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008855.20   | 0.10%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014755.80   | 0.10%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FMN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2021075.93   | 0.19%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                    | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE             | CUSIP: 39160CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $583795.74    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | UNIV OF CINCINNATI OH RECPTS                                 | CUSIP: 914119F98<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3632978.30   | 0.35%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Charlotte/The                                   | UNIV OF NORTH CAROLINA NC AT CHARLOTTE                       | CUSIP: 914716H73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3719295.60   | 0.36%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PF23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1497795.24   | 0.14%             | 2034-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cook County High School District No 202 Evanston Township                       | COOK CNTY IL HIGH SCH DIST #202 EVANSTON TWP                 | CUSIP: 215471HU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1257276.06   | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middletown Area School District                                                 | MIDDLETOWN PA SCH DIST                                       | CUSIP: 597212QU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015257.00   | 0.10%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240F32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $459664.92    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce & King Counties School District No 417 Fife/WA                           | PIERCE & KING CNTYS WA SCH DIST #417 FIFE                    | CUSIP: 720286EL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1497389.34   | 0.14%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782EX3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3620086.76   | 0.35%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Paul MN Sales & Use Tax Revenue                                      | SAINT PAUL MN SALES TAX REVENUE                              | CUSIP: 79307TCE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1447528.88   | 0.14%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051HG4<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   4140000 | PA      | $4189356.67   | 0.40%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Toledo OH Water System Revenue                                          | TOLEDO OH WTRWKS REVENUE                                     | CUSIP: 889396QJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007377.30   | 0.10%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224K40<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092675.80   | 0.20%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | CLEVELAND OH                                                 | CUSIP: 186343L64<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1323534.00   | 0.13%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD REVENUE                                         | CUSIP: 059231E89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1230847.70   | 0.12%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RVX1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10425000 | PA      | $11264503.36  | 1.08%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA UNIV REVENUE                                | CUSIP: 25484JDE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1990630.82   | 0.19%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KVK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9375000 | PA      | $9572622.19   | 0.92%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647ER8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1652239.39   | 0.16%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Springfield School District/Delaware County                                     | SPRINGFIELD PA SCH DIST DELAWARE CNTY                        | CUSIP: 851347UK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959320.50    | 0.09%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BPA0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    610000 | PA      | $593425.08    | 0.06%             | 2051-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HUY0<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059392.50   | 0.10%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492FA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1443117.45   | 0.14%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C5D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045525.60   | 0.10%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381QW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2738203.18   | 0.26%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780ME62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079719.50   | 0.10%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974D4A3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094302.20   | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AMW9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1960078.56   | 0.19%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Battery Park City Authority                                                     | BATTERY PARK CITY NY AUTH                                    | CUSIP: 07133AHJ4<br>LEI: 549300RF3SFDOWRHVM56 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1556492.82   | 0.15%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maple River Independent School District No 2135/MN                              | MAPLE RIVER MN INDEP SCH DIST#2135                           | CUSIP: 565323BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $833055.90    | 0.08%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259NR88<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002061.50   | 0.48%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063BT28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5520000 | PA      | $5528463.82   | 0.53%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                               | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP PUBLIC SCHS REVENUE | CUSIP: 762196ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $225990.52    | 0.02%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                               | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519EY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1565560.20   | 0.15%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182KN5<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530831.50    | 0.05%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH US 301 PROJ REVENUE               | CUSIP: 246430AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6680000 | PA      | $6834368.12   | 0.65%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153AE9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513549.85    | 0.05%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DLE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5217957.00   | 0.50%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758SM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027681.20   | 0.10%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RLJ3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1419049.63   | 0.14%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH GRANT ANTICIPATION BONDS          | CUSIP: 246419BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1445259.25   | 0.14%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville Water Co                                                             | LOUISVILLE & JEFFERSON CNTY KY METRO GOVT BRD OF WTR WKS     | CUSIP: 54659REK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944011.70    | 0.09%             | 2034-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                             | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883WE8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1691427.50   | 0.16%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BTL8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7366044.95   | 0.70%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MSU4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1621921.65   | 0.16%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FXS2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5061856.50   | 0.48%             | 2039-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367U9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 341150X70<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    335000 | PA      | $346207.66    | 0.03%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                  | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NMD8<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   3015000 | PA      | $2786669.83   | 0.27%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HCK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2883798.60   | 0.28%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | DUBLIN OH CITY SCH DIST                                      | CUSIP: 26371GTQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1079596.98   | 0.10%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086212.80   | 0.10%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723TA7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1932152.15   | 0.18%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RNW2<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031475.80   | 0.10%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RUM6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7525000 | PA      | $8115984.91   | 0.78%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                              | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                   | CUSIP: 179090MU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047337.60   | 0.10%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                | PORT HOUSTON TX AUTH                                         | CUSIP: 7342605D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094175.80   | 0.10%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FTM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7525000 | PA      | $7968583.70   | 0.76%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KH36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957192.60    | 0.09%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                 | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A5C6<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1414760.70   | 0.14%             | 2039-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MVH5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005089.40   | 0.19%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Convention & Sports Authority                                        | WASHINGTON DC CONVENTION & SPORTS AUTH DEDICATED TAX REVENUE | CUSIP: 93878LCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $850112.63    | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RCE8<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929575.00    | 0.09%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389V88<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520803.45    | 0.05%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                         | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2599113.00   | 0.25%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151PT0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6108491.40   | 0.58%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MRQ0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508801.85   | 0.14%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1874196.80   | 0.18%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758RE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9250000 | PA      | $9407195.43   | 0.90%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145U51<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4723534.00   | 0.45%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PQ21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $700667.26    | 0.07%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Brunswick NC                                                          | BRUNSWICK CNTY NC                                            | CUSIP: 117061XS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2262285.77   | 0.22%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QUV6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    520000 | PA      | $561278.48    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389D54<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089248.60   | 0.20%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                         | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2820454.50   | 0.27%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Public Utilities Revenue                              | SALT LAKE CITY UT PUBLIC UTILS REVENUE                       | CUSIP: 795604BS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1190348.14   | 0.11%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883REF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3920000 | PA      | $3968935.71   | 0.38%             | 2023-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma City Zoological Trust OK Sales Tax Revenue                             | OKLAHOMA CITY OK ZOOLOGICAL TRUST SALES TAX REVENUE          | CUSIP: 678667BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1441230.03   | 0.14%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority                                                | GTR TEXOMA TX UTILITY AUTH CONTRACT REVENUE                  | CUSIP: 39239HZA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $671526.06    | 0.06%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FJK1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13202663.75  | 1.26%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225FU5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    350000 | PA      | $392350.14    | 0.04%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039175.80   | 0.20%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643WC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027526.10   | 0.10%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153DE6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510525.90    | 0.05%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870MW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049948.50   | 0.10%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643UW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014636.20   | 0.10%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Upper Trinity Regional Water District                                           | UPPER TRINITY TX REGL WTR DIST WTR REVENUE                   | CUSIP: 916672Q76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $556007.45    | 0.05%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AFS1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2960000 | PA      | $3005993.96   | 0.29%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue             | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE        | CUSIP: 592643CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5223313.00   | 0.50%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5455583.55   | 0.52%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GGH9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $437821.90    | 0.04%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145U36<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2454557.21   | 0.23%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                        | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398FE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3052517.70   | 0.29%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643WF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1976730.10   | 0.19%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                   | DELAWARE RIVER NJ PORT AUTH PA & NJ                          | CUSIP: 246348FU5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533131.75    | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                              | REGL TRANSPRTN DIST CO SALES TAX REVENUE                     | CUSIP: 759136RY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7925000 | PA      | $9041955.05   | 0.87%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999932.80    | 0.10%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063D3E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4605810.30   | 0.44%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207K86<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5606613.10   | 0.54%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FNT1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3056671.20   | 0.29%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Martin County Health Facilities Authority                                       | MARTIN CNTY FL HLTH FACS AUTH                                | CUSIP: 573903FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4647881.00   | 0.44%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA Public Utility Revenue                                      | RICHMOND VA PUBLIC UTILITY REVENUE                           | CUSIP: 765433KP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4410577.23   | 0.42%             | 2036-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                    | State Street Institutional Treasury Plus Money Market Fund   | CUSIP: 857492854<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |  15874392 | NS      | $15874392.25  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| San Francisco Unified School District                                           | SAN FRANCISCO CITY & CNTY CA UNIF SCH DIST                   | CUSIP: 79771TPD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1183485.31   | 0.11%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Del Valle Independent School District TX                                        | DEL VALLE TX INDEP SCH DIST                                  | CUSIP: 245505XM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503936.80    | 0.05%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792YB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4850000 | PA      | $5339702.08   | 0.51%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883REG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3473037.21   | 0.33%             | 2024-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                               | KLEIN TX INDEP SCH DIST                                      | CUSIP: 498531NN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535961.20    | 0.05%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152H38<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512319.50   | 0.14%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893H87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10467136.00  | 1.00%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QCX6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3158029.80   | 0.30%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FXW3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4485000 | PA      | $4365464.88   | 0.42%             | 2044-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DW95<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1166377.67   | 0.11%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KA90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1316354.62   | 0.13%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                         | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                | CUSIP: 586111PB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $408845.18    | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HJZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13250000 | PA      | $13283387.35  | 1.27%             | 2039-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WKV3<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |   8120000 | PA      | $8496344.14   | 0.81%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $661135.15    | 0.06%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund         | RHODE ISLAND ST INFRASTRUCTURE BANK WTR POLL CONTROL REVENUE | CUSIP: 76221UCG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2338269.56   | 0.22%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224A90<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080280.40   | 0.10%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community College District No 508                                   | COOK CNTY IL CMNTY CLG DIST #508                             | CUSIP: 213187CK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000592.70   | 0.10%             | 2038-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5122285.00   | 0.49%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813VV8<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5292342.00   | 0.51%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                            | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3561323.50   | 0.34%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870QQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498291.25    | 0.05%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No 81 Spokane                                    | SPOKANE CNTY WA SCH DIST #81 SPOKANE                         | CUSIP: 848712RQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007362.40   | 0.10%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MLE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1697773.19   | 0.16%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758J46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549241.00    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL Department of Electric Utilities                            | LAKELAND FL ENERGY SYS REVENUE                               | CUSIP: 51166FCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $960367.65    | 0.09%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Regional Sewer District                                          | NORTHEAST OH REGL SWR DIST                                   | CUSIP: 663903EC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12088527.60  | 1.16%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                    | BROWARD CNTY FL PORT FACS REVENUE                            | CUSIP: 11506KFG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974323.70    | 0.09%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074954.10   | 0.10%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District No 5 Ashland                                     | JACKSON CNTY OR SCH DIST #5 ASHLAND                          | CUSIP: 467736DT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $993603.42    | 0.10%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RGV2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7085244.60   | 0.68%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LJJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10160000 | PA      | $10331227.50  | 0.99%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                                          | UNIV OF ARKANSAS AR UNIV REVENUES                            | CUSIP: 914072D42<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048647.50   | 0.10%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528UZG9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6312675.85   | 0.60%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                                       | CNTRL VLY WTR RECLAMATION FAC UT SWR REVENUE                 | CUSIP: 155796AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1152907.14   | 0.11%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333N2X0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093472.60   | 0.10%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WGQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033137.40   | 0.10%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Public Utilities Revenue                              | SALT LAKE CITY UT PUBLIC UTILS REVENUE                       | CUSIP: 795604BU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3258024.00   | 0.31%             | 2050-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039ZF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $810724.90    | 0.08%             | 2034-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385HW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3897084.36   | 0.37%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Virginia                                                          | UNIV OF VIRGINIA VA UNIV REVENUES                            | CUSIP: 915217WQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6370035.60   | 0.61%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Regional Sewer District                                          | NORTHEAST OH REGL SWR DIST                                   | CUSIP: 663903HP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7550000 | PA      | $7446621.63   | 0.71%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage AK Solid Waste Services Revenue                       | ANCHORAGE AK SOL WST SVCS REVENUE                            | CUSIP: 033262AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1401984.01   | 0.13%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845MQ0<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2187591.85   | 0.21%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HDB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5282914.50   | 0.51%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971W5B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7825656.75   | 0.75%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TSD6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1549161.45   | 0.15%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DMD8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7384710.90   | 0.71%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Clean Water Fund - State Revolving Fund                    | CONNECTICUT ST REVOLVING FUNDGEN REVENUE                     | CUSIP: 20775YDT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7507372.60   | 0.72%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4755539.00   | 0.46%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | FRANKLIN CNTY OH REVENUE                                     | CUSIP: 353202FP4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1136442.60   | 0.11%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WNP7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2141606.63   | 0.20%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647KW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521838.30    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cloquet Independent School District No 94                                       | CLOQUET MN INDEP SCH DIST #94                                | CUSIP: 189036NX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1695113.57   | 0.16%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818L3A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5585000 | PA      | $5625832.49   | 0.54%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Norwalk CT                                                              | NORWALK CT                                                   | CUSIP: 668844WL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129055.10   | 0.11%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                         | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817VE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2884554.60   | 0.28%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pittsburgh PA                                                           | PITTSBURGH PA                                                | CUSIP: 725209PT1<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    250000 | PA      | $283605.80    | 0.03%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GSH8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   6460000 | PA      | $6761433.29   | 0.65%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1877305.60   | 0.18%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Water Utility System Revenue                                  | EUGENE OR WTR REVENUE                                        | CUSIP: 298245KB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975154.40    | 0.09%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153EA3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031322.60   | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KYU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14564251.80  | 1.39%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                          | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 56042RSC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051768.50   | 0.10%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227SC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529471.55    | 0.05%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                      | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560UK5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1033976.87   | 0.10%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813WZ8<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043885.80   | 0.10%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CBV9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $566147.20    | 0.05%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045R5L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538627.20    | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren Consolidated Schools                                                     | WARREN MI CONSOL SCH DIST                                    | CUSIP: 935341G27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $751057.45    | 0.07%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                          | OKLAHOMA ST CAPITOL IMPT AUTH ST FACS REVENUE                | CUSIP: 679088BA1<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028578.40   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Toledo OH Water System Revenue                                          | TOLEDO OH WTRWKS REVENUE                                     | CUSIP: 889396QK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007377.30   | 0.10%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FMM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2367610.43   | 0.23%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                            | ROCHESTER MN HLTH CARE FACS REVENUE                          | CUSIP: 771902HF3<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   5330000 | PA      | $5087825.59   | 0.49%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mount San Antonio Community College District                                    | MOUNT SAN ANTONIO CA CMNTY CLG DIST                          | CUSIP: 623040KE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2905943.10   | 0.28%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758RF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5079531.50   | 0.49%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                               | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1089471.29   | 0.10%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RBG4<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6264766.80   | 0.60%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385CV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10285364.00  | 0.98%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                   | DELAWARE RIVER PORT AUTH PA & NJ                             | CUSIP: 246352HC5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2250624.81   | 0.22%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445GU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $215161.60    | 0.02%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893C90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5175660.50   | 0.50%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MPJ8<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    475000 | PA      | $496558.35    | 0.05%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan St Louis Sewer District                                            | MET SAINT LOUIS MO SWR DIST WSTWTR SYS REVENUE               | CUSIP: 592481LX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1062205.66   | 0.10%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065968.20   | 0.10%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465QFE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976992.70    | 0.09%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FYQ1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934508.90    | 0.09%             | 2047-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389V21<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1474205.56   | 0.14%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758YL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3347228.52   | 0.32%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077C4B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5771048.42   | 0.55%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fresno Unified School District                                                  | FRESNO CA UNIF SCH DIST                                      | CUSIP: 358232X27<br>LEI: 549300WL4QIP65TFU882 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5103212.00   | 0.49%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579L39<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1146177.29   | 0.11%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RBD1<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5311238.00   | 0.51%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                              | REGL TRANSPRTN DIST CO SALES TAX REVENUE                     | CUSIP: 759136SA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3684474.57   | 0.35%             | 2036-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870MA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5690000 | PA      | $5799978.60   | 0.56%             | 2030-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                             | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883YZ9<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    840000 | PA      | $917437.08    | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                          | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WCY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265586.85    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AMH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1113557.93   | 0.11%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389U97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    610000 | PA      | $658499.21    | 0.06%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                                              | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867MB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2302857.47   | 0.22%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YSK6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077890.90   | 0.10%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 235036Q94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5099732.00   | 0.49%             | 2029-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                              | CUSIP: 30382AGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6645000 | PA      | $6928532.18   | 0.66%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PL63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006986.40   | 0.19%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675932L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513206.00    | 0.05%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389UG1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032367.20   | 0.10%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y54<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2265407.33   | 0.22%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Regional Sewer District                                          | NORTHEAST OH REGL SWR DIST                                   | CUSIP: 663903HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1287989.20   | 0.12%             | 2034-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990CVQ1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4397485.60   | 0.42%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WZH2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1587423.30   | 0.15%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LJB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $10804118.73  | 1.03%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145W91<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2337167.00   | 0.22%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Gwinnett County                                        | GWINNETT CNTY GA DEV AUTH                                    | CUSIP: 403720FF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2452823.39   | 0.23%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                    | BROWARD CNTY FL PORT FACS REVENUE                            | CUSIP: 11506KGH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531278.15    | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153CR8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032104.30   | 0.10%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8257989.60   | 0.79%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KB73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2038820.24   | 0.20%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308ZA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $625911.72    | 0.06%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DKR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $673476.44    | 0.06%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5296727.50   | 0.51%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612DJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4415000 | PA      | $4808375.62   | 0.46%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Gwinnett County                                        | GWINNETT CNTY GA DEV AUTH                                    | CUSIP: 403720FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7327471.20   | 0.70%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461397M1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3567263.68   | 0.34%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                               | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235YZ2<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099378.60   | 0.20%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Spokane WA                                                              | SPOKANE WA                                                   | CUSIP: 849067U35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1207583.75   | 0.12%             | 2033-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066F47<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8487285.60   | 0.81%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JPP1<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013496.00   | 0.10%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593VV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2168041.17   | 0.21%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MKM6<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2187779.55   | 0.21%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KHM4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    700000 | PA      | $747585.72    | 0.07%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AYW1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4476712.00   | 0.43%             | 2049-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DQ50<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1585876.20   | 0.15%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001HE5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    500000 | PA      | $576900.05    | 0.06%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Independent School District No 706                                     | VIRGINIA MN INDEP SCH DIST #706                              | CUSIP: 927889FT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2770406.00   | 0.27%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PX1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $528554.60    | 0.05%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan St Louis Sewer District                                            | MET SAINT LOUIS MO SWR DIST WSTWTR SYS REVENUE               | CUSIP: 592481LW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $503716.85    | 0.05%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                                      | UNIV OK REVENUES                                             | CUSIP: 91476PMX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005185.00   | 0.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661YY5<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2158945.92   | 0.21%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213ASK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $557480.40    | 0.05%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH HOSP REVENUE                            | CUSIP: 63609XAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271385.28    | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                               | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP PUBLIC SCHS REVENUE | CUSIP: 762196K36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1463359.94   | 0.14%             | 2034-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DFJ6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997291.90    | 0.10%             | 2048-07-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| Metropolitan St Louis Sewer District                                            | MET SAINT LOUIS MO SWR DIST WSTWTR SYS REVENUE               | CUSIP: 592481JE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564122.30   | 0.15%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Summit OH                                                             | SUMMIT CO OH                                                 | CUSIP: 86606WBX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096801.50   | 0.10%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | OHIO ST HGR EDUCTNL FAC COMMISSION                           | CUSIP: 67756DNB8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    750000 | PA      | $697236.68    | 0.07%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GP8<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5225021.00   | 0.50%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GTF2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1448443.20   | 0.14%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                                   | IOWA ST SPL OBLG                                             | CUSIP: 46257TFF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $408661.20    | 0.04%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LM88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502133.75   | 0.14%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460QH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4669415.72   | 0.45%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 9151832C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1860092.56   | 0.18%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EVW3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1242811.25   | 0.12%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hays Consolidated Independent School District                                   | HAYS TX CONSOL INDEP SCH DIST                                | CUSIP: 4211106X0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550559.85    | 0.05%             | 2038-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240J79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2123115.37   | 0.20%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hillsborough FL Utility Revenue                                       | HILLSBOROUGH CNTY FL UTILITY REFUNDING REVENUE               | CUSIP: 432347NK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $3428757.63   | 0.33%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XAC0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    220000 | PA      | $233557.83    | 0.02%             | 2040-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063D3C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $458760.11    | 0.04%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FPH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2193270.47   | 0.21%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                         | GEORGIA ST PORTS AUTH                                        | CUSIP: 373586HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115047.00   | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa Board of Regents                                                  | IOWA ST BRD REGENTS HOSP REVENUE                             | CUSIP: 46256QKZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001457.80   | 0.10%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417015P7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077306.80   | 0.10%             | 2031-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461395W1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4587963.75   | 0.44%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418Z89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $589513.05    | 0.06%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                                       | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484QW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5166897.50   | 0.49%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Willis Independent School District                                              | WILLIS TX INDEP SCH DIST                                     | CUSIP: 970667E31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $576444.55    | 0.06%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Central Connecticut Regional Water Authority                              | SOUTH CENTRAL CT REGL WTR AUTH WTR SYS REVENUE               | CUSIP: 837227V61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1102994.87   | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                         | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806G46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554442.10    | 0.05%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098Q91<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2095734.80   | 0.20%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893A76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4980000 | PA      | $5120687.99   | 0.49%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Central Connecticut Regional Water Authority                              | SOUTH CENTRAL CT REGL WTR AUTH WTR SYS REVENUE               | CUSIP: 837227V79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1118173.70   | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RBH2<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   5830000 | PA      | $5333801.12   | 0.51%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643LD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $957434.40    | 0.09%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Convention & Sports Authority                                        | WASHINGTON DC CONVENTION & SPORTS AUTH DEDICATED TAX REVENUE | CUSIP: 93878LCB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $453393.40    | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10130000 | PA      | $10232907.63  | 0.98%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DLL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2976786.75   | 0.28%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445E54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112066.10   | 0.11%             | 2036-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission                                     | DELAWARE RIVER PA JT TOLL BRIDGE COMMISSION                  | CUSIP: 246343LV7<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076385.90   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428C20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004332.00   | 0.19%             | 2028-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TMB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2071052.20   | 0.20%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461395E1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1098372.73   | 0.11%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Knoxville TN Electric System Revenue                                    | KNOXVILLE TN ELEC REVENUE                                    | CUSIP: 499746Y82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $3142773.25   | 0.30%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990C7Q8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6155000 | PA      | $5942702.36   | 0.57%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                        | ARLINGTON TX INDEP SCH DIST                                  | CUSIP: 0418265A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1241318.65   | 0.12%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WZJ8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2691063.75   | 0.26%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                   | DELAWARE RIVER PORT AUTH PA & NJ                             | CUSIP: 246352HD3<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1601802.75   | 0.15%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241SQ0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1682375.93   | 0.16%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813WY1<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1129182.04   | 0.11%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Lauderdale FL Water & Sewer Revenue                                | FORT LAUDERDALE FL WTR & SWR REVENUE                         | CUSIP: 347658XN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000730.40   | 0.10%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AGM1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6332328.60   | 0.61%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066E97<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2889769.23   | 0.28%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UUN6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5050975.50   | 0.48%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444956D1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5823704.70   | 0.56%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH US 301 PROJ REVENUE               | CUSIP: 246430AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014383.50   | 0.10%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                                          | UNIV OF ARKANSAS AR UNIV REVENUES                            | CUSIP: 914072R96<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2700796.12   | 0.26%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Library                                                   | COLUMBUS OH MET LIBRARY SPL OBLG                             | CUSIP: 199520CX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1076790.49   | 0.10%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492FB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519071.00   | 0.15%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140DC4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4743212.00   | 0.45%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818L3B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1817527.78   | 0.17%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DSC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1165912.08   | 0.11%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GSS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4018828.40   | 0.38%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051PM2<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1510707.42   | 0.14%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | MINNEAPOLIS MN                                               | CUSIP: 60375BHB5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1250465.45   | 0.12%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

**Name of Applicant:** ELFUN TAX EXEMPT INCOME FUND

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer