# EDGAR Filing Document

**Accession Number:** 0001793129
**File Stem:** 0001793129-25-000003
**Filing Date:** 2025-9
**Character Count:** 428472
**Document Hash:** 287f81eef2c03660b39a0a129982bde0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001793129-25-000003.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001793129-25-000003

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nuveen Dynamic Municipal Opportunities Fund
- **CENTRAL INDEX KEY:** 0001793129

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23489
- **FILM NUMBER:** 251346412

**BUSINESS ADDRESS:**
- **STREET 1:** 333 WEST WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** 333 WEST WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Nport-Ex

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025

#### NDMO
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

141.8%

(100.0%

of

Total

Investments)

10262771

CORPORATE

BONDS

-

.7

%

(1

.2

%

of

Total

Investments)

10262771

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

1.6%

(1.1%

of

Total

Investments)

$

2,750,000

Care

New

England

Health

System

.500

%

09/01/26

$

2,730,532

3,000,000

Toledo

Hospital/The

.015

11/15/48

2,752,500

4,363,000

Toledo

Hospital/The

.325

11/15/28

4,364,918

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

9,847,950

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

-

0.1%

(0.1%

of

Total

Investments)

477,476

(a),(b)

Benloch

Ranch

Improvement

Association

No

12022

2022

.750

12/01/39

414,821

TOTAL

REAL

ESTATE

MANAGEMENT

&

DEVELOPMENT

414,821

TOTAL

CORPORATE

BONDS

(Cost

$9,037,357)

10,262,771

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

848321636

MUNICIPAL

BONDS

-

.1

%

(98

.8

%

of

Total

Investments)

848321636

ALABAMA

-

7.9%

(5.6%

of

Total

Investments)

500,000

Alabama

State

University,

General

Tuition

and

Fee

Revenue

Bonds,

Series

2025

.500

09/01/45

523,950

550,000

Alabama

State

University,

General

Tuition

and

Fee

Revenue

Bonds,

Series

2025

.750

09/01/50

579,022

5,000,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2023A,

(Mandatory

Put

10/01/30)

.250

01/01/54

5,292,929

1,000,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025A,

(Mandatory

Put

5/01/32)

.250

05/01/56

1,018,484

2,360,000

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Green

Series

2020,

(AMT),

(Mandatory

Put

11/01/30)

.375

11/01/50

2,567,369

425,000

Jefferson

County,

Alabama,

Sewer

Revenue

Warrants,

Series

2024

.250

10/01/49

426,788

4,500,000

Mobile

County

Industrial

Development

Authority,

Alabama,

Solid

Waste

Disposal

Revenue

Bonds,

AM/NS

Calvert

LLC

Project,

Series

2024A,

(AMT)

.000

06/01/54

4,098,867

1,650,000

Mobile

County

Industrial

Development

Authority,

Alabama,

Solid

Waste

Disposal

Revenue

Bonds,

AM/NS

Calvert

LLC

Project,

Series

2024B,

(AMT)

.750

12/01/54

1,443,001

4,515,000

(b) Mobile

County,

Alabama,

Limited

Obligation

Warrants,

Gomesa

Projects,

Series

2020

.000

11/01/45

3,770,731

7,000,000

Southeast

Energy

Authority,

Alabama,

A

Cooperative

District

Energy

Supply

Revenue

Bonds

Series

2024A

.000

11/01/35

7,220,907

20,000,000

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

4,

Series

2022B-1,

(Mandatory

Put

8/01/28)

.000

05/01/53

20,679,938

500,000

UAB

Medicine

Finance

Authority,

Alabama,

Revenue

Bonds,

Series

2017B-2

.000

09/01/41

501,780

TOTAL

ALABAMA

48,123,766

ARIZONA

-

5.5%

(3.9%

of

Total

Investments)

1,240,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Series

2021B

.000

07/01/51

1,021,002

7,650,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Taxable

Series

2021A

.000

07/01/51

6,298,923

1,500,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Social

Bonds

Pensar

Academy

Project,

Series

2020

.000

07/01/55

1,238,355

4,500,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Hotel

Revenue

Bonds,

Provident

Group

Falcon

Properties

LLC,

Project,

Senior

Series

2022A-1

.000

12/01/51

2,993,561

1,625,000

(b) Arizona

Industrial

Development

Authority,

Development

First

Lien

Revenue

Bonds,

Montanero

Project,

Alternative

Minimum

Tax

Series

2025,

(AMT)

.750

12/01/55

1,617,851

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ARIZONA

(continued)

$

730,000

Arizona

Industrial

Development

Authority,

Senior

National

Charter

School

Revolving

Loan

Fund

Revenue

Bonds,

Social

Series

2023A

.250

%

11/01/53

$

709,121

1,200,000

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2007,

(AMT),

(Mandatory

Put

6/15/28)

.100

12/01/37

1,205,905

815,000

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2019,

(AMT),

(Mandatory

Put

6/01/29)

.000

06/01/49

810,746

1,090,000

(b) Coconino

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Flagstaff

Arts

&

Leadership

Academy

Project,

Refunding

Series

2020

.500

07/01/40

953,574

1,000,000

(b) Maricopa

County

Industrial

Development

Authority,

Arizona,

Educational

Facilities

Revenue

Bonds,

Ottawa

University

Projects,

Series

2020

.250

10/01/40

848,266

1,000,000

Maricopa

County

Pollution

Control

Corporation,

Arizona,

Pollution

Control

Revenue

Bonds,

El

Paso

Electric

Company

Palo

Verde

Project,

Refunding

Series

2012A

.500

08/01/42

931,914

3,405,000

(b) Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Northwest

Christian

School

Project,

Series

2020A

.000

09/01/55

2,651,383

5,265,000

(b),(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Refunding

Series

2020

.000

07/01/35

3,685,500

6,800,000

(b),(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Refunding

Series

2020

.000

07/01/40

4,760,000

4,545,000

(b) Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Synergy

Public

Charter

School

Project,

Series

2020-1

.000

06/15/50

3,767,465

TOTAL

ARIZONA

33,493,566

ARKANSAS

-

1.7%

(1.2%

of

Total

Investments)

4,500,000

(b) Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2022,

(AMT)

.450

09/01/52

4,400,375

6,500,000

(b) Arkansas

Development

Finance

Authority,

Industrial

Development

Revenue

Bonds,

Big

River

Steel

Project,

Series

2019,

(AMT)

.500

09/01/49

5,985,091

TOTAL

ARKANSAS

10,385,466

CALIFORNIA

-

13.3%

(9.4%

of

Total

Investments)

85,000

Alameda

County

Fire

Department,

California,

General

Obligation

Bonds,

Series

2025

.000

06/01/42

90,472

80,000

Alameda

County

Fire

Department,

California,

General

Obligation

Bonds,

Series

2025

.000

06/01/43

84,228

95,000

Alameda

County

Fire

Department,

California,

General

Obligation

Bonds,

Series

2025

.000

06/01/44

99,291

220,000

Alameda

County

Fire

Department,

California,

General

Obligation

Bonds,

Series

2025

.000

06/01/45

228,703

1,215,000

Alameda

County

Fire

Department,

California,

General

Obligation

Bonds,

Series

2025

.000

06/01/50

1,241,131

1,960,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023C,

(Mandatory

Put

10/01/31)

.250

01/01/54

2,046,045

6,770,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023G,

(Mandatory

Put

4/01/30)

.250

11/01/54

7,167,058

3,000,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024B,

(Mandatory

Put

12/01/32)

.000

01/01/55

3,124,312

1,455,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024G,

(Mandatory

Put

8/01/32)

.000

11/01/55

1,510,356

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

3,815,000

(b) California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Creekwood,

Series

2021A

.000

%

02/01/56

$

2,343,296

6,200,000

(b) California

Infrastructure

and

Economic

Development

Bank,

Revenue

Bonds,

Brightline

West

Passenger

Rail

Project,

Green

Bond

Series

2025A,

(AMT),

(Mandatory

Put

1/01/35)

.500

01/01/65

5,531,460

400,000

(b) California

Municipal

Finance

Authority,

Revenue

Bonds,

California

Baptist

University,

Refunding

Series

2025A

.125

11/01/40

401,073

6,290,000

(b) California

Pollution

Control

Financing

Authority,

Water

Furnishing

Revenue

Bonds,

Poseidon

Resources

Channelside

LP

Desalination

Project,

Series

2012,

(AMT)

.000

07/01/30

6,316,954

5,000,000

(b) California

Public

Finance

Authority,

Charter

School

Lease

Revenue

Bonds,

California

Crosspoint

Academy

Project,

Series

2020A

.125

07/01/55

3,865,763

465,000

(b) California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

Enso

Village,

Refunding

Green

Series

2021A

.000

11/15/46

403,091

2,000,000

California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

The

James,

Senior

Series

2024A

.500

06/01/54

1,835,071

1,000,000

California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

The

James,

Senior

Series

2024A

.375

06/01/59

882,853

2,000,000

(b) California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Scholarship

Prep

Public

Schools

Obligated

Group,

Series

2020A

.000

06/01/60

1,607,947

445,000

(d) California

State

University,

Systemwide

Revenue

Bonds,

Series

2025A

.000

11/01/40

481,573

465,000

(d) California

State

University,

Systemwide

Revenue

Bonds,

Series

2025A

.000

11/01/41

496,881

445,000

(d) California

State

University,

Systemwide

Revenue

Bonds,

Series

2025A

.000

11/01/42

469,661

615,000

(d) California

State

University,

Systemwide

Revenue

Bonds,

Series

2025A

.000

11/01/43

643,901

710,000

(d) California

State

University,

Systemwide

Revenue

Bonds,

Series

2025A

.000

11/01/44

737,772

685,000

(d) California

State

University,

Systemwide

Revenue

Bonds,

Series

2025A

.000

11/01/45

708,427

1,220,000

(b) California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A

.000

12/01/41

1,176,408

1,175,000

(b) California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A

.250

12/01/56

1,086,281

6,180,000

(b) CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Center

City

Anaheim,

Series

2020A

.000

01/01/54

5,352,716

275,000

Fontana,

California,

Special

Tax

Bonds,

Narra

Hills

Community

Facilities

District

109,

Refunding

Series

2024

.000

09/01/49

268,172

780,000

Lake

Elsinore

Facilities

Financing

Authority,

California,

Local

Agency

Revenue

Bonds,

Refunding

Series

2025A

.000

09/01/33

887,708

890,000

Lake

Elsinore

Facilities

Financing

Authority,

California,

Local

Agency

Revenue

Bonds,

Refunding

Series

2025A

.000

09/01/34

1,016,780

1,000,000

Lake

Elsinore

Facilities

Financing

Authority,

California,

Local

Agency

Revenue

Bonds,

Refunding

Series

2025A

.000

09/01/35

1,141,042

1,090,000

Lake

Elsinore

Facilities

Financing

Authority,

California,

Local

Agency

Revenue

Bonds,

Refunding

Series

2025A

.000

09/01/36

1,220,966

985,432

(c) Northstar

Community

Services

District,

California,

California

Special

Tax

Bonds

Community

Facilities

District

Series

2006

.750

09/01/37

266,067

1,615,000

Pajaro

Valley

Health

Care

District,

Santa

Cruz

and

Monterey

Counties,

California,

General

Obligation

Bonds,

Social

Series

2024A

.000

09/01/54

1,500,155

1,085,000

Peralta

Community

College

District,

Alameda

County,

California,

General

Obligation,

Election

of

2018

,

Series

2025C-1

.000

08/01/44

1,138,308

2,500,000

Peralta

Community

College

District,

Alameda

County,

California,

General

Obligation,

Election

of

2018

,

Series

2025C-1

.000

08/01/50

2,564,672

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

1,100,000

Peralta

Community

College

District,

Alameda

County,

California,

General

Obligation,

Election

of

2018

,

Series

2025C-1

.000

%

08/01/54

$

1,124,145

730,000

Peralta

Community

College

District,

Alameda

County,

California,

General

Obligation,

Refunding

Series

2025

.000

08/01/36

830,385

1,070,000

River

Islands

Public

Financing

Authority,

California,

Special

Tax

Bonds,

Community

Facilities

District

2003-1

Improvement

Area

1,

Refunding

Series

2022A-1

-

AGM

Insured

.000

09/01/42

1,092,198

1,070,000

River

Islands

Public

Financing

Authority,

California,

Special

Tax

Bonds,

Community

Facilities

District

2003-1

Improvement

Area

1,

Subordinate

Series

2022B-2

.000

09/01/42

1,053,823

1,025,000

San

Francisco

City

and

County,

California,

Multifamily

Housing

Revenue

Bonds,

Sunnydale

Hope

SF

Block

9,

Series

2025B-1

.000

02/01/46

1,006,415

1,075,000

San

Francisco

City

and

County,

California,

Multifamily

Housing

Revenue

Bonds,

Sunnydale

Hope

SF

Block

9,

Series

2025B-2,

(Mandatory

Put

8/01/28)

.350

08/01/29

1,086,972

750,000

San

Francisco

Community

College

District,

California,

General

Obligation

Bonds,

Taxable

Election

2020

Series

2020A-1

.165

06/15/41

585,071

830,000

San

Francisco

Unified

School

District,

California,

General

Obligation

Bonds,

2024

Election

Series

2025A

.000

06/15/43

859,926

560,000

San

Francisco

Unified

School

District,

California,

General

Obligation

Bonds,

2024

Election

Series

2025A

.000

06/15/44

577,331

1,500,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

T,

Series

2025C

-

BAM

Insured

.000

08/01/46

1,543,507

500,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

T,

Series

2025C

-

BAM

Insured

.000

08/01/47

511,941

500,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

U,

Series

2025C

-

BAM

Insured

.000

08/01/45

516,813

1,500,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

U,

Series

2025C

-

BAM

Insured

.000

08/01/46

1,543,507

1,500,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

U,

Series

2025C

-

BAM

Insured

.000

08/01/47

1,535,823

1,500,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

U,

Series

2025C

-

BAM

Insured

.000

08/01/48

1,533,482

1,200,000

Sulphur

Springs

Union

School

District,

California,

Special

Tax

Bonds,

Community

Facilities

District

2019-1,

Series

2024A

.000

09/01/49

1,147,941

3,575,000

University

of

California,

General

Revenue

Bonds,

Series

2025CB

.000

05/15/38

3,900,869

TOTAL

CALIFORNIA

80,386,743

COLORADO

-

21.6%

(15.2%

of

Total

Investments)

2,370,000

64th

Avenue

ARI

Authority,

Adams

County,

Colorado,

Special

Revenue

Bonds,

Series

2020

.500

12/01/43

2,326,541

1,000,000

(b) Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2024

.500

12/01/44

958,850

500,000

(b) Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2024

.750

12/01/54

484,413

1,060,000

Aurora

Crossroads

Metropolitan

District

2,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A

.000

12/01/50

977,397

2,285,000

Aurora

Crossroads

Metropolitan

District

2,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Subordinate

Series

2020B

.750

12/15/50

2,271,452

5,220,000

Aurora

Highlands

Community

Authority

Board,

Adams

County,

Colorado,

Special

Tax

Revenue

Bonds,

Refunding

&

Improvement

Series

2021A

.750

12/01/51

4,748,294

499,000

Aviation

Station

North

Metropolitan

District

2,

Denver

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A

.000

12/01/29

493,629

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

1,725,000

Belford

North

Metropolitan

District,

Douglas

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020A

.500

%

12/01/50

$

1,472,657

1,000,000

Bennett

Ranch

Metropolitan

District

1,

Adams

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Tax

Series

2021A

.000

12/01/51

810,859

500,000

(b) Broadway

Park

North

Metropolitan

District

2,

Denver,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2020

.000

12/01/40

458,810

1,000,000

Broadway

Station

Metropolitan

District

2,

Denver

City

and

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Series

2019A

.125

12/01/48

766,525

1,450,000

Citadel

on

Colfax

Business

Improvement

District,

Aurora,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Senior

Series

2020A

.350

12/01/50

1,300,621

835,000

Colorado

Bridge

and

Tunnel

Enterprise,

Colorado,

Senior

Infrastructure

Revenue

Bonds,

Series

2025A

.250

12/01/50

849,888

1,145,000

Colorado

Bridge

and

Tunnel

Enterprise,

Colorado,

Senior

Infrastructure

Revenue

Bonds,

Series

2025A

.250

12/01/54

1,164,989

100,000

(b) Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

New

Summit

Charter

Academy

Project,

Series

2021A

.000

07/01/41

79,683

100,000

(b) Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

New

Summit

Charter

Academy

Project,

Series

2021A

.000

07/01/51

70,261

6,680,000

(b) Colorado

Educational

and

Cultural

Facilities

Authority,

Cultural

Facilities

Revenue

Bonds,

Stanley

Project,

Senior

Lien

Series

2025A-1

.875

02/01/59

6,759,591

2,500,000

(b) Colorado

Educational

and

Cultural

Facilities

Authority,

Cultural

Facilities

Revenue

Bonds,

Stanley

Project,

Taxable

Senior

Lien

Series

2025A-2

.000

02/01/45

2,495,472

1,000,000

(b) Colorado

Educational

and

Cultural

Facilities

Authority,

Revenue

Bonds,

Global

Village

Academy

-

Northglenn

Project,

Series

2020

.000

12/01/50

848,981

500,000

(b),(c)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Cappella

of

Grand

Junction

Project,

Series

2019

.000

12/01/54

352,500

475,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Covenant

Living

Communities

&

Services,

Series

2025A

.125

12/01/45

468,357

955,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Covenant

Living

Communities

&

Services,

Series

2025A

.125

12/01/50

918,493

765,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Covenant

Living

Communities

&

Services,

Series

2025A

.125

12/01/55

730,059

16,000,000

Colorado

International

Center

Metropolitan

District

8,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020

.500

12/01/50

15,919,234

500,000

Crowfoot

Valley

Ranch

Metropolitan

District

No.

2, Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

Subordinate

Series

2024B

.125

12/15/54

478,200

2,280,000

Dawson

Trails

Metropolitan

District

1,

Colorado,

In

The

Town

of

Castle

Rock,

Limited

Tax

General

Obligation

Capital

Appreciation

Turbo

Bonds,

Series

2024

.000

12/01/31

1,420,002

4,000,000

(b) Falcon

Area

Water

and

Wastewater

Authority

(El

Paso

County,

Colorado),

Tap

Fee

Revenue

Bonds,

Series

2022A

.750

12/01/34

3,888,421

1,000,000

Foothills

Metropolitan

District,

Fort

Collins,

Colorado,

Special

Revenue

Bonds,

Series

2014

.000

12/01/38

936,609

1,425,000

Fourth

North

Business

Improvement

District,

Silverthorne,

Summit

County,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Refunding

&

Improvement

Senior

Series

2022A

.250

12/01/32

1,423,770

1,200,000

Fourth

North

Business

Improvement

District,

Silverthorne,

Summit

County,

Colorado,

Special

Revenue

and

Tax

Supported

Bonds,

Refunding

&

Improvement

Senior

Series

2022A

.750

12/01/52

1,143,970

1,990,000

(b) Future

Legends

Sports

Park

Metropolitan

District

2,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A

.500

06/01/50

1,495,957

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

370,000

Hess

Ranch

Metropolitan

District

5,

Parker,

Colorado,

Special

Assessment

Revenue

Bonds,

Special

Improvement

District

1,

Series

2024A-2

.500

%

12/01/43

$

368,711

825,000

(b) Hess

Ranch

Metropolitan

District

5,

Parker,

Colorado,

Special

Assessment

Revenue

Bonds,

Special

Improvement

District

2,

Series

2024

.500

12/01/44

796,600

1,360,000

(b) Hogback

Metropolitan

District,

Jefferson

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

to

Unlimited

Tax

Series

2021A

.000

12/01/51

1,200,553

500,000

Independence

Water

&

Sanitation

District,

Elbert

County,

Colorado,

Special

Revenue

Bonds,

Refunding

and

Improvement

Series

2024

.125

12/01/33

505,752

5,250,000

Jefferson

Center

Metropolitan

District

1,

Arvada,

Jefferson

County,

Colorado,

Special

Revenue

Bonds,

Subordinate

Series

2020B

.750

12/15/50

5,180,769

2,000,000

Jones

District

Community

Authority

Board,

Centennial,

Colorado,

Special

Revenue

Convertible

Capital

Appreciaiton

Bonds,

Series

2020A

.750

12/01/50

1,795,773

1,000,000

Kinston

Metropolitan

District

5,

Loveland,

Larimer

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A

.125

12/01/50

889,367

1,500,000

(b) Kremmling

Memorial

Hospital

District,

Colorado,

Certificates

of

Participation,

Series

2024

.125

12/01/44

1,371,112

1,200,000

(b) Kremmling

Memorial

Hospital

District,

Colorado,

Certificates

of

Participation,

Series

2024

.625

12/01/56

1,104,270

1,030,000

Lanterns

Metropolitan

District

3,

Douglas

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Convertible

Capital

Appreciation

Series

2023A-2

.000

12/01/53

815,805

560,000

Lanterns

Metropolitan

District

3,

Douglas

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Series

2023A-1

.250

12/01/53

570,007

3,000,000

(b) Ledge

Rock

Center

Commercial

Metropolitan

District

(In

the

Town

of

Johnstown,

Weld

County,

Colorado),

Limited

Tax

General

Obligation

Bonds,

Series

2022

.375

11/01/52

3,082,934

500,000

Mayberry

Community

Authority,

Colorado

Springs,

El

Paso

County,

Colorado,

Special

Revenue

Bonds,

Series

2021A

.000

12/01/41

452,479

500,000

Mayberry

Community

Authority,

Colorado

Springs,

El

Paso

County,

Colorado,

Special

Revenue

Bonds,

Series

2021A

.000

04/15/51

419,817

480,000

Mountain

Sky

Metropolitan

District,

Fort

Lupton,

Weld

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A

.000

12/01/49

430,301

2,000,000

North

Range

Metropolitan

District

3,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-3

.000

12/01/40

1,945,877

1,000,000

North

Range

Metropolitan

District

3,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-3

.250

12/01/50

958,382

1,810,000

Northfield

Metropolitan

District

2,

Fort

Collins,

Larimer

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A

.000

12/01/50

1,514,438

500,000

(c) Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019

.000

12/01/29

456,524

1,250,000

(c) Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019

.000

12/01/39

1,081,265

285,000

(b) Peak

Metropolitan

District

1,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A

.000

12/01/51

228,672

1,100,000

Peak

Metropolitan

District

3,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2022A-1

.500

12/01/52

1,085,679

925,000

Pinon

Pines

Metropolitan

District

2,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020

.000

12/01/40

868,441

855,000

Pinon

Pines

Metropolitan

District

No.

3,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Convertible

Capital

Appreciation

Bonds,

Series

2025

.875

12/01/54

722,730

7,000,000

Pioneer

Community

Authority

Board

(Weld

County,

Colorado),

Special

Revenue

Bonds,

Series

2022

.500

12/01/34

6,618,961

3,665,000

Rampart

Range

Metropolitan

District

1,

Lone

Tree,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017

.000

12/01/42

3,710,435

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

2,000,000

Rampart

Range

Metropolitan

District

5,

Lone

Tree,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Series

2021

.000

%

12/01/41

$

1,729,005

1,000,000

(b) Reagan

Ranch

Metropolitan

District

1,

Colorado

Springs,

Colorado,

General

Obligation

Bonds,

Limited

Tax

&

Special

Revenue,

Series

2025

.125

12/01/54

939,138

1,000,000

Redtail

Ridge

Metropolitan

District,

City

of

Louisville,

Boulder

County,

Colorado,

General

Obligation

Limited

Tax

Capital

Appreciation

Turbo

Bonds,

Series

2025

.000

12/01/32

597,687

1,045,000

(b) Ridge

at

Johnstown

Metropolitan

District

8,

Larimer

County,

Colorado,

Special

Assessment

Revenue

Bonds,

Special

Improvement

District

1,

Series

2024

.875

12/01/44

947,201

2,320,000

Silverstone

Metropolitan

District

3,

Weld

County,

Colorado,

General

Obligation

and

Special

Revenue

Bonds,

Limited

Tax

Series

2023

.750

12/01/45

2,315,804

1,215,000

SouthGlenn

Metropolitan

District,

Colorado,

Special

Revenue

Bonds,

Refunding

Series

2016

.000

12/01/30

1,215,112

500,000

(b),(e)

St.

Vrain

Lakes

Metropolitan

District

4,

Weld

County,

Colorado,

General

Obligation

Bonds,

Firestone

Convertible

Capital

Appreciation

Limited

Tax

Series

2024A

.000

09/20/54

337,441

510,000

(b) STC

Metropolitan

District

2,

Superior,

Boulder

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

Second

Lien

Series

2025A-2

.250

12/01/55

514,232

502,000

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Limited

Tax

Supported

District

2,

Subordinate

Series

2020B

.125

12/15/50

498,061

2,350,000

Sterling

Ranch

Metropolitan

District

1,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020

.000

12/01/40

2,224,827

2,300,000

Sterling

Ranch

Metropolitan

District

1,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2020

.125

12/01/50

2,075,998

1,000,000

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Convertible

Capital

Appreciation

Series

2021A-2

.500

12/01/51

771,655

1,270,000

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Series

2021A-1

.000

12/01/41

1,041,625

5,000,000

Velocity

Metropolitan

District

5,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

Capital

Appreciation

Series

2020A-2

.000

12/01/50

4,170,014

10,000,000

Velocity

Metropolitan

District

5,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-1

.375

12/01/50

8,931,270

1,500,000

Verve

Metropolitan

District

1,

Jefferson

County

and

the

City

and

County

of

Broomfield,

Colorado,

General

Obligation

Bonds,

Refunding

and

Improvement

Limited

Tax

Series

2021

.000

12/01/51

1,250,739

2,200,000

(b) West

Globeville

Metropolitan

District

1,

Denver,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2024A-2

.000

12/01/54

1,372,525

630,000

(b) West

Globeville

Metropolitan

District

1,

Denver,

Colorado,

Special

Assessment

Revenue

Bonds,

Special

Improvement

District

1,

Series

2024

.750

12/01/44

592,342

2,000,000

(b) Windler

Public

Improvement

Authority,

Aurora,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Series

2021A-1

.125

12/01/51

1,462,472

937,000

Woodmen

Heights

Metropolitan

District

2,

El

Paso

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Taxable

Converting

to

Tax-Exempt

Refunding

Subordinate

Series

2020B-1

.250

12/15/40

909,394

TOTAL

COLORADO

130,586,681

CONNECTICUT

-

0.6%

(0.4%

of

Total

Investments)

1,325,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

.000

07/01/34

1,326,445

1,250,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

.000

07/01/36

1,226,410

1,255,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2016B-1

.950

11/15/31

1,197,600

TOTAL

CONNECTICUT

3,750,455

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

DELAWARE

-

0.4%

(0.3%

of

Total

Investments)

$

400,000

(b) Bridgeville,

Delaware,

Special

Obligation

Bonds,

Heritage

Shores

Special

Development

District,

Series

2024

.625

%

07/01/53

$

393,046

500,000

(f) Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B,

(UB)

.600

07/01/44

485,621

500,000

(f) Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B,

(UB)

.650

07/01/49

473,760

955,000

(f) Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B,

(UB)

.750

07/01/54

898,934

TOTAL

DELAWARE

2,251,361

DISTRICT

OF

COLUMBIA

-

0.0%

(0.0%

of

Total

Investments)

325,000

District

of

Columbia

Revenue

Bonds,

Rocketship

Education

DC

Public

Charter

School

Inc.,

Obligated

Group

-Issue

3,

Series

2024A

.750

06/01/54

313,452

TOTAL

DISTRICT

OF

COLUMBIA

313,452

FLORIDA

-

10.0%

(7.1%

of

Total

Investments)

1,565,000

Ave

Maria

Stewardship

Community

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Ave

Maria

National

Project,

Series

2021

.750

05/01/41

1,308,642

1,195,000

(b) Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

South

Tech

Schools

Project,

Series

2020A

.000

06/15/40

1,090,864

1,260,000

(b) Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

South

Tech

Schools

Project,

Series

2020A

.000

06/15/55

1,036,021

1,010,000

(b) Capital

Trust

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

Babcock

Neighborhood

School

Inc

Project,

Series

2024

.750

08/15/54

887,586

3,215,000

(b) Currents

Community

Development

District,

Collier

County,

Florida,

Capital

Improvement

Revenue

Bonds,

Series

2020B

.250

05/01/41

2,784,012

240,000

Edgewater

West

Community

Development

District,

Osceola

County,

Florida,

Special

Assessment

Revenue

Bonds,

Assessment

Area

One

Series

2024

.500

05/01/54

218,181

10,000,000

(b) Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Discovery

High

School

Project,

Series

2020A

.000

06/01/55

6,642,601

835,000

(b) Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School

Income

Projects,

Series

2023A

.000

06/15/33

896,713

1,000,000

(b) Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School

Income

Projects,

Series

2023A

.500

06/15/38

1,051,851

1,000,000

(b) Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School

Income

Projects,

Series

2023A

.625

06/15/43

1,041,132

2,450,000

(b) Florida

Development

Finance

Corporation,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Pro

USA,

Inc.

Project,

Series

2023,

(AMT),

(Mandatory

Put

7/01/26)

.125

07/01/32

2,477,576

4,240,000

(b) Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT),

(Mandatory

Put

7/15/28)

.000

07/15/32

2,544,000

1,900,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

.000

07/01/41

1,546,542

1,300,000

(f) Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024

-

AGM

Insured,

(AMT),

(UB)

.000

07/01/44

1,243,576

1,760,000

(f) Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024

-

AGM

Insured,

(AMT),

(UB)

.250

07/01/53

1,685,311

1,400,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

.500

07/01/53

1,140,882

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

15,750,000

(b) Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2025A,

(AMT),

(Mandatory

Put

8/13/25)

.250

%

07/01/57

$

13,387,590

420,000

(b) Florida

Development

Finance

Corporation,

Student

Housing

Revenue

Bonds,

SPP

-

Tampa

I

-

LLC

The

Henry

Project,

Series

2024A-1

.250

06/01/54

386,141

1,095,000

Grand

Oaks

Community

Development

District,

Saint

Johns

County,

Florida,

Special

Assessment

Bonds,

Assessment

Area

2,

Series

2020

.250

05/01/40

985,485

1,500,000

Grand

Oaks

Community

Development

District,

Saint

Johns

County,

Florida,

Special

Assessment

Bonds,

Assessment

Area

2,

Series

2020

.500

05/01/52

1,262,361

2,500,000

Greater

Orlando

Aviation

Authority,

Florida,

Special

Purpose

Airport

Facilities

Revenue

Bonds,

JetBlue

Airways

Corporation,

Series

2013,

(AMT)

.000

11/15/36

2,499,994

1,000,000

Hammock

Reserve

Community

Development

District,

Haines

City,

Florida,

Special

Assessment

Revenue

Bonds,

Area1

Project,

Series

2020

.000

05/01/51

794,313

415,000

Hobe-Saint

Lucie

Conservancy

District,

Florida,

Special

Assessment

Revenue

Bonds,

Improvement

Unit

1A,

Series

2024

.750

05/01/31

426,684

385,000

Langley

South

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Mascotte

Assessment

Area

One

Series

2024

.125

05/01/44

363,608

1,450,000

Langley

South

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Mascotte

Assessment

Area

One

Series

2024

.400

05/01/55

1,344,829

500,000

(d) Miami

Beach

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

City

Center/Historic

Convention

Village,

Refunding

Series

2025

.000

02/01/42

511,230

1,060,000

(d) Miami

Beach

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

City

Center/Historic

Convention

Village,

Refunding

Series

2025

.000

02/01/43

1,072,488

465,000

(d) Miami

Beach

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

City

Center/Historic

Convention

Village,

Refunding

Series

2025

.000

02/01/44

468,919

1,225,000

(b) Miami

Dade

County

Industrial

Development

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

Miami

Community

Charter

School

Inc

Project,

Series

2020A

.000

06/01/47

1,038,557

880,000

Miami,

Florida,

Limited

Ad

Valorem

Tax

Bonds,

Forever

Infrastructure

Programs

Series

2024A

.500

01/01/49

923,866

870,000

(f) Miami-Dade

County,

Florida,

Seaport

Revenue

Bonds,

Refunding

Series

2022A,

(AMT),

(UB)

.250

10/01/52

863,850

1,360,000

Miami-Dade

County,

Florida,

Special

Obligation

Bonds,

Subordinate

Series

2009

-

BAM

Insured

.000

10/01/37

829,007

2,750,000

Miami-Dade

County,

Florida,

Special

Obligation

Bonds,

Subordinate

Series

2009

.000

10/01/45

1,028,458

95,000

(b) Mirada

Community

Development

District,

Florida,

Capital

Improvement

Bonds, Assessment

Area

Series

2024

.750

05/01/31

95,817

235,000

(b) Mirada

Community

Development

District,

Florida,

Capital

Improvement

Bonds, Assessment

Area

Series

2024

.625

05/01/44

224,198

215,000

(b) North

of

Pasco

Community

Development

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Assessment

Area

5,

Series

2024

.750

05/01/44

211,184

1,000,000

Sarasota

County

Public

Hospital

District,

Florida,

Hospital

Revenue

Bonds,

Sarasota

Memorial

Hospital

Project,

Series

2018

.000

07/01/41

1,000,241

1,145,000

South

Broward

Hospital

District,

Florida,

Hospital

Revenue

Bonds,

South

Broward

Hospital

District

Obligated

Group,

Refunding

Series

2016A

.000

05/01/44

1,001,339

310,000

(b) Three

Rivers

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

South

Assessment

Area

Series

2021B

.625

05/01/36

298,121

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

425,000

Tradition

Community

Development

District

9,

Port

Saint

Lucie,

Florida,

Special

Assessment

Bonds,

Series

2021

.700

%

05/01/31

$

392,868

250,000

Two

Lakes

Community

Development

District,

Hialeah,

Florida,

Special

Assessment

Bonds,

Series

2024

.000

05/01/44

244,689

250,000

(b) V-Dana

Community

Development

District,

Lee

County,

Florida,

Special

Assessment

Bonds,

Area

-

2025

Project,

Series

2025

.375

05/01/45

237,513

345,000

(b) Village

Community

Development

District

15,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2023

.250

05/01/28

349,514

810,000

(b) Village

Community

Development

District

15,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2024

.800

05/01/55

722,962

TOTAL

FLORIDA

60,561,316

GEORGIA

-

1.3%

(1.0%

of

Total

Investments)

1,700,000

Atlanta

Development

Authority,

Georgia,

Economic

Development

Certificates,

Gulch

Enterprise

Zone

Project,

Convertible

Capital

Appreciation

Series

2024A-1

Class

A

.500

12/15/48

1,445,446

1,000,000

(b) Atlanta

Development

Authority,

Georgia,

Revenue

Bonds,

Westside

Gulch

Area

Project,

Senior

Series

2024A-2

.500

04/01/39

998,713

505,000

Fayette

County

Development

Authority,

Georgia,

Revenue

Bonds,

United

States

Soccer

Federation,

Inc.

Project

Series

2024

.000

10/01/42

510,013

555,000

Fayette

County

Development

Authority,

Georgia,

Revenue

Bonds,

United

States

Soccer

Federation,

Inc.

Project

Series

2024

.000

10/01/43

557,659

750,000

(b) Fulton

County

Residential

Care

Facilities

for

the

Elderly

Authority,

Georgia,

Revenue

Bonds,

Canterbury

Court

Project,

Series

2019A

.000

04/01/47

670,226

500,000

Gainesville

and

Hall

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Northeast

Georgia

Health

Services

Inc.,

Series

2021A

-

BAM

Insured

.000

02/15/51

350,987

1,000,000

Griffin-Spalding

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Wellstar

Health

System

Inc.,

Series

2017A

.000

04/01/42

890,968

2,750,000

(b) Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022C,

(Mandatory

Put

11/01/27)

.000

08/01/52

2,747,019

TOTAL

GEORGIA

8,171,031

HAWAII

-

0.1%

(0.1%

of

Total

Investments)

500,000

(b) Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaii

Pacific

University

Project,

Refunding

Series

2024

.000

07/01/39

466,972

TOTAL

HAWAII

466,972

IDAHO

-

0.3%

(0.2%

of

Total

Investments)

610,000

(f) Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A,

(UB)

.050

01/01/39

575,367

540,000

(f) Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A,

(UB)

.650

01/01/54

507,487

630,000

Spring

Valley

Community

Infrastructure

District

1,

Eagle,

Idaho,

Special

Assessment

Bonds,

Series

2024

.250

09/01/53

628,185

TOTAL

IDAHO

1,711,039

ILLINOIS

-

6.2%

(4.4%

of

Total

Investments)

1,000,000

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2023

.250

04/01/34

1,087,112

1,055,000

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2023

.000

04/01/41

1,063,998

1,275,000

Chicago

Board

of

Education,

Illinois,

Dedicated

Capital

Improvement

Tax

Revenue

Bonds,

Series

2023

.500

04/01/43

1,307,708

2,000,000

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2021A

.000

12/01/34

2,026,663

4,565,000

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2023A

.000

12/01/33

4,713,873

4,900,000

Chicago

Board

of

Education,

Illinois,

General

Obligation

Bonds,

Dedicated

Revenues,

Series

2023A

.250

12/01/36

5,016,571

120,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

.000

01/01/29

127,453

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

190,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

.000

%

01/01/30

$

203,813

2,250,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

.000

01/01/31

2,426,955

1,485,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

.000

01/01/32

1,603,641

200,000

Chicago,

Illinois,

Water

Revenue

Bonds,

Refunding

Second

Lien

Series

2023B

-

AGM

Insured

.000

11/01/37

209,967

725,000

(g) Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health

Alliance,

Series

2016C,

(Pre-refunded

2/15/27)

.000

02/15/41

740,487

240,000

Illinois

Finance

Authority,

Revenue

Bonds,

Dominican

University,

Refunding

Series

2022

.000

03/01/34

241,487

1,900,000

(b) Illinois

Finance

Authority,

Revenue

Bonds,

Illinois

Institute

of

Technology,

Series

2025A

.875

09/01/46

1,808,931

875,000

(c) Illinois

Finance

Authority,

Revenue

Bonds,

Lutheran

Home

and

Services,

Series

2019A

.000

11/01/49

568,750

815,000

Illinois

Finance

Authority,

Revenue

Bonds,

Northshore

-

Edward-Elmhurst

Health

Credit

Group,

Series

2022A

.000

08/15/47

800,124

920,000

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2025A

.000

08/15/40

946,472

805,000

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2025A

.000

08/15/41

818,652

2,500,000

Illinois

State,

General

Obligation

Bonds,

December

Series

2023C

.000

12/01/47

2,450,282

3,210,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2020

.750

05/01/45

3,315,002

1,300,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

.250

05/01/42

1,333,307

1,205,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

.250

05/01/44

1,221,676

930,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

.250

05/01/45

938,603

930,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

.250

05/01/49

927,566

1,800,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2022A

.000

06/15/39

919,794

1,500,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2022A

.000

06/15/40

713,146

TOTAL

ILLINOIS

37,532,033

INDIANA

-

2.6%

(1.8%

of

Total

Investments)

1,415,000

(b) Gary

Local

Public

Improvement

Bond

Bank,

Indiana,

Economic

Development

Revenue

Bonds,

Drexel

Foundation

for

Educational

Excellence

Project,

Refunding

Series

2020A

.875

06/01/55

1,213,268

1,190,000

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Depauw

University

Project,

Series

2019

.000

07/01/37

1,204,524

3,125,000

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2020,

(AMT)

.750

05/01/39

3,437,808

730,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E

.750

03/01/43

750,160

680,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E

.000

03/01/53

693,826

4,060,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Subordinate

Series

2023F-1

.750

03/01/67

4,386,592

3,770,000

Whiting,

Indiana,

Environmental

Facilities

Revenue

Bonds,

BP

Products

North

America

Inc.

Project,

Series

2015,

(AMT),

(Mandatory

Put

6/10/31)

.400

11/01/45

3,841,690

TOTAL

INDIANA

15,527,868

IOWA

-

0.8%

(0.6%

of

Total

Investments)

1,500,000

Iowa

Finance

Authority,

Healthcare

Revenue

Bonds,

Pella

Regional

Health

Center,

Series

2025

.750

12/01/55

1,512,257

2,500,000

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Alcoa

Inc.

Project,

Series

2012

.750

08/01/42

2,335,524

60,000

Iowa

Finance

Authority,

Revenue

Bonds,

Lifespace

Communities,

Inc.,

Series

2024A

.000

05/15/39

59,957

75,000

Iowa

Finance

Authority,

Revenue

Bonds,

Lifespace

Communities,

Inc.,

Series

2024A

.000

05/15/44

70,801

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

IOWA

(continued)

$

1,250,000

Iowa

Finance

Authority,

Revenue

Bonds,

Lifespace

Communities,

Inc.,

Series

2024A

.125

%

05/15/59

$

1,138,612

TOTAL

IOWA

5,117,151

KANSAS

-

0.1%

(0.1%

of

Total

Investments)

500,000

Wichita,

Kansas,

Health

Care

Facilities

Revenue

Bonds,

Presbyterian

Manors,

Series

2024VIII

.750

05/15/45

464,039

TOTAL

KANSAS

464,039

KENTUCKY

-

0.8%

(0.6%

of

Total

Investments)

2,805,000

Bell

County,

Kentucky,

Special

Assessment

Industrial

Building

Revenue

Bonds,

Boone's

Ridge

Project,

Series

2020

.000

12/01/40

2,443,829

2,175,000

Carroll

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Refunding

Series

2006B,

(AMT)

.125

10/01/34

1,726,996

990,000

Newport,

Kentucky,

Special

Obligation

Revenue

Bonds,

Newport

Clifton

Project,

Series

2020B

.500

12/01/60

786,452

TOTAL

KENTUCKY

4,957,277

LOUISIANA

-

1.4%

(1.0%

of

Total

Investments)

1,150,000

(b) Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Lincoln

Preparatory

School

Project,

Series

2021A

.250

06/01/51

880,421

450,000

(b) Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Lake

Charles

Charter

Academy

Foundation

Project,

Refunding

Series

2024A

.000

12/15/43

410,789

925,000

Louisiana

Publics

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Calcasieu

River

Bridge

Public-Private

Partnership

Project,

Senior

Lien

Series

2024,

(AMT)

.500

09/01/59

921,643

2,380,000

Louisiana

Publics

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Calcasieu

River

Bridge

Public-Private

Partnership

Project,

Senior

Lien

Series

2024,

(AMT)

.750

09/01/64

2,417,984

1,505,000

Louisiana

Publics

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Calcasieu

River

Bridge

Public-Private

Partnership

Project,

Senior

Lien

Series

2024,

(AMT)

.000

09/01/66

1,373,000

500,000

(b) Plaquemines

Port,

Louisiana,

Harbor

and

Terminal

District

Facilities

Revenue

Bonds

NOLA

Terminal

LLC

Project

Dock

and

Wharf

Series

2024A

.000

12/01/44

416,726

2,000,000

(b) Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010

.350

07/01/40

2,143,533

TOTAL

LOUISIANA

8,564,096

MAINE

-

0.3%

(0.2%

of

Total

Investments)

215,000

(b) Maine

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Casella

Waste

Systems,

Inc.

Project,

Series

2024,

(AMT),

(Mandatory

Put

6/01/35)

.625

12/01/47

205,757

2,000,000

Maine

Health

and

Higher

Educational

Facilities

Authority

Revenue

Bonds,

Eastern

Maine

Medical

Center

Obligated

Group

Issue,

Series

2016A

.000

07/01/46

1,758,132

TOTAL

MAINE

1,963,889

MARYLAND

-

0.1%

(0.1%

of

Total

Investments)

185,000

(b) Baltimore,

Maryland,

Special

Obligation

Bonds,

Harbor

Point

Project,

Refunding

Series

2022

.500

06/01/33

185,896

305,000

(b) Maryland

Economic

Development

Corporation,

Port

Facilities

Revenue

Bonds,

Core

Natural

Resources

Inc.

Project,

Refunding

Series

2025,

(Mandatory

Put

3/27/35)

.000

07/01/48

306,649

TOTAL

MARYLAND

492,545

MASSACHUSETTS

-

0.8%

(0.5%

of

Total

Investments)

1,125,000

Massachusetts

Bay

Transportation

Authority,

Sales

Tax

Revenue

Bonds,

Senior

Series

2025B

.000

07/01/43

1,171,069

850,000

Massachusetts

Bay

Transportation

Authority,

Sales

Tax

Revenue

Bonds,

Senior

Series

2025B

.000

07/01/44

879,691

1,225,000

Massachusetts

Bay

Transportation

Authority,

Sales

Tax

Revenue

Bonds,

Senior

Series

2025B

.000

07/01/45

1,262,930

425,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Green

Bonds,

Series

2015D

.000

07/01/44

404,131

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MASSACHUSETTS

(continued)

$

980,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Smith

College,

Series

2025

.000

%

07/01/45

$

883,242

TOTAL

MASSACHUSETTS

4,601,063

MICHIGAN

-

3.8%

(2.7%

of

Total

Investments)

2,884,160

Detroit

City

&

General

Retirement

System

Service

Corporation,

Michigan,

Certificates

of

Participation,

Taxable

Series

2005A

-

FGIC

Insured

.000

06/15/26

3,028,368

1,295,000

Detroit

Downtown

Development

Authority,

Michigan,

Tax

Increment

Revenue

Bonds,

Catalyst

Development

Project,

Refunding

Series

2024

.000

07/01/48

1,286,664

830,000

Detroit

Regional

Convention

Authority,

Michigan,

Special

Tax

Revenue

Bonds,

Refunding

Series

2024C

.000

10/01/37

875,344

4,971,590

Detroit,

Wayne

County,

Michigan,

General

Obligation

Bonds,

Financial

Recovery

Series

2014B-1

.000

04/01/44

3,871,250

510,000

Great

Lakes

Water

Authority,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Second

Lien

Series

2025C

.500

07/01/50

532,750

1,275,000

Great

Lakes

Water

Authority,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Second

Lien

Series

2025C

.500

07/01/55

1,324,948

870,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Second

Lien

Series

2025D

.500

07/01/50

908,809

860,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Second

Lien

Series

2025D

.500

07/01/55

893,691

1,100,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Senior

Lien

Series

2025C

.250

07/01/50

1,129,283

575,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Senior

Lien

Series

2025C

.250

07/01/55

586,384

1,100,000

Michigan

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Corewell

Health,

Series

2025A

.000

08/15/43

1,132,363

1,500,000

Michigan

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Corewell

Health,

Series

2025A

.000

08/15/46

1,521,534

2,230,000

(f) Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2023A,

(UB)

.100

10/01/53

2,213,127

1,720,000

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Improvement

Project,

Series

2018,

(AMT)

.000

12/31/43

1,668,874

1,150,000

Southfield

Public

Schools,

County

Of

Oakland,

State

Of

Michigan,

General

Obligation

Bonds,

School

Building

and

Site

Series

2025

.250

05/01/55

1,173,356

1,070,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Series

2023B

-

AGM

Insured,

(AMT)

.250

12/01/37

1,138,596

TOTAL

MICHIGAN

23,285,341

MINNESOTA

-

1.0%

(0.7%

of

Total

Investments)

1,000,000

Duluth

Economic

Development

Authority,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2018A

.250

02/15/48

855,394

3,745,000

(b) Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Community

School

of

Excellence,

Series

2023

.500

03/01/53

3,539,281

1,140,000

Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Hope

Community

Academy

Project,

Series

2020A

.000

12/01/55

795,168

675,000

(b) Woodbury,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Math

and

Science

Academy

Building

Company,

Refunding

Series

2025A

.500

06/01/63

596,250

535,000

(b) Woodbury,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Math

and

Science

Academy,

Refunding

Series

2025

.500

06/01/55

481,546

TOTAL

MINNESOTA

6,267,639

MISSISSIPPI

-

0.5%

(0.3%

of

Total

Investments)

1,190,000

(f) Warren

County,

Mississippi,

Certificates

of

Participation,

Lease

Purchase

Jail

Project

Series

2023

-

BAM

Insured,

(UB)

.000

09/01/48

1,280,774

1,580,000

(f) Warren

County,

Mississippi,

Certificates

of

Participation,

Lease

Purchase

Jail

Project

Series

2023

-

BAM

Insured,

(UB)

.000

09/01/53

1,683,881

TOTAL

MISSISSIPPI

2,964,655

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MISSOURI

-

1.2%

(0.8%

of

Total

Investments)

$

550,000

(b) Kansas

City

Industrial

Development

Authority,

Missouri,

Economic

Activity

Tax

Revenue

Bonds,

Historic

Northeast

Redevelopment

Plan

Series

2024A-1

.000

%

06/01/54

$

485,880

3,000,000

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Mercy

Health,

Series

2014F

.000

11/15/45

2,539,136

500,000

(b) Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

Truman

Medical

Center,

Inc.,

Pass-

Through

Certificate

Series

2017

.250

12/01/42

422,139

1,000,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Expansion

&

Improvement

Projects

Series

2020

-

AGM

Insured

.000

10/01/40

1,025,275

2,625,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Expansion

&

Improvement

Projects

Series

2020

-

AGM

Insured

.000

10/01/45

2,630,932

TOTAL

MISSOURI

7,103,362

MONTANA

-

0.3%

(0.2%

of

Total

Investments)

1,975,000

Forsyth,

Rosebud

County,

Montana,

Pollution

Control

Revenue

Refunding

Bonds,

Northwestern

Corporation

Colstrip

Project,

Series

2023

.875

07/01/28

2,011,611

TOTAL

MONTANA

2,011,611

NEBRASKA

-

1.4%

(1.0%

of

Total

Investments)

3,750,000

Central

Plains

Energy

Project,

Nebraska,

Gas

Project

Revenue

Bonds,

Project

5,

Series

2022-1,

(Mandatory

Put

10/01/29)

.000

05/01/53

3,902,600

4,665,000

(f) Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2024C,

(UB)

.700

09/01/49

4,399,574

TOTAL

NEBRASKA

8,302,174

NEVADA

-

0.4%

(0.3%

of

Total

Investments)

1,832,349

(b),(c)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

BioFuels

LLC

Project,

Green

Series

2020

.750

02/15/38

2,400,000

(b) Director

of

Nevada

State

Department

of

Business

and

Industry,

Revenue

Bonds,

Brightline

West

Passenger

Rail

Project,

Series

2025A,

(AMT),

(Mandatory

Put

1/01/33)

.500

01/01/65

2,083,472

425,000

Las

Vegas,

Nevada,

Local

Improvement

Bonds,

Special

Improvement

District

611

Sunstone

Phase

I

and

II,

Series

2020

.000

06/01/40

363,554

TOTAL

NEVADA

2,447,044

NEW

HAMPSHIRE

-

1.9%

(1.3%

of

Total

Investments)

6,200,000

(b) National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

Bridgeland

Water

&

Utility

Districts

418,489,492,493,157

&

159,

Series

2025

.875

12/15/33

6,219,552

445,000

(b) National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

Mill

Creek

Project,

Montgomery

County,

Texas

Series

2025

.950

12/01/31

445,686

1,855,000

(b) National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

The

Chambers

Creek

Project,

Montgomery

County,

Texas

Municipal

Utility

Districts,

Capital

Appreciation

Series

2025

.000

12/15/32

1,151,536

365,000

(b) National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

Wildflower

Project,

Denton

County,

Texas,

Capital

Appreciation

Series

2025

.000

12/15/33

221,063

4,000,000

(b) New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Covenant

Health

Group

Series

2023

.000

07/01/37

3,306,343

TOTAL

NEW

HAMPSHIRE

11,344,180

NEW

JERSEY

-

0.5%

(0.4%

of

Total

Investments)

1,285,000

(b) New

Jersey

Economic

Development

Authority,

Energy

Facilities

Revenue

Bonds,

UMM

Energy

Partners,

LLC

Project,

Series

2012A

.000

06/15/30

1,285,210

650,000

(b) New

Jersey

Economic

Development

Authority,

New

Jersey,

Dock

and

Wharf

Facility

Revenue

Bonds,

Repauno

Port

&

Rail

Terminal

Project,

Series

2025,

(AMT)

.375

01/01/35

660,584

750,000

New

Jersey

Economic

Development

Authority,

Revenue

Bonds,

Motor

Vehicle

Surcharge,

Refunding

Subordinate

Series

2017A

.375

07/01/30

734,835

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

JERSEY

(continued)

$

490,000

Passaic

County

Improvement

Authority,

New

Jersey,

Charter

School

Revenue

Bonds,

Paterson

Charter

School

for

Science

and

Technology,

Inc.

Project,

Series

2025

.500

%

07/01/40

$

465,304

TOTAL

NEW

JERSEY

3,145,933

NEW

MEXICO

-

1.1%

(0.8%

of

Total

Investments)

6,927,000

(b) Winrock

Town

Center

Tax

Increment

Development

District

1,

Albuquerque,

New

Mexico,

Gross

Receipts

Tax

Increment

Bonds,

Subordinate

Lien

Series

2020

.000

05/01/40

6,783,525

TOTAL

NEW

MEXICO

6,783,525

NEW

YORK

-

12.4%

(8.8%

of

Total

Investments)

1,240,000

(b) Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2023

.250

06/01/55

1,275,497

5,000,000

(b) Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1

.500

06/01/55

4,200,477

1,270,000

(b) Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020C-1

.000

06/01/40

1,141,520

3,000,000

(b) Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020C-1

.000

06/01/55

2,331,939

955,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Montefiore

Medical

Center,

Series

2024

.250

11/01/42

966,534

770,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Montefiore

Medical

Center,

Series

2024

.250

11/01/43

774,225

150,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Montefiore

Medical

Center,

Series

2024

.500

11/01/47

152,620

7,500,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

New

York

University

Series

2025A

.000

07/01/46

7,579,089

850,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

School

Districts

Financing

Program,

Series

2025A

.000

10/01/37

918,698

280,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

School

Districts

Financing

Program,

Series

2025A

.000

10/01/38

299,684

450,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

White

Plains

Hospital,

Series

2024

.250

10/01/49

446,234

7,630,000

Dutchess

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Health

Quest

Systems,

Inc.

Project,

Series

2016B

.000

07/01/32

7,721,808

1,095,000

Dutchess

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Health

Quest

Systems,

Inc.

Project,

Series

2016B

.000

07/01/35

1,104,257

750,000

Glen

Cove

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Garvies

Point

Public

Improvement

Project,

Capital

Appreciation

Series

2016C

.625

01/01/55

640,424

3,345,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Refunding

Series

2024B

-

BAM

Insured

.000

11/15/43

2,982,456

1,210,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Refunding

Series

2024B

-

BAM

Insured

.000

11/15/44

1,066,251

1,000,000

(f) New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2024A-1,

(UB)

.650

11/01/49

944,773

1,720,000

(f) New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2024A-1,

(UB)

.750

11/01/54

1,635,803

975,000

(f) New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2024B-1-A,

(UB)

.750

11/01/54

931,562

410,000

(b) New

York

City

Housing

Development

Corporation,

New

York,

Multi-Family

Mortgage

Revenue

Bonds,

Spruce

Street,

Class

F

Series

2024

.250

12/15/31

420,137

140,000

New

York

City

Housing

Development

Corporation,

New

York,

Multi-Family

Mortgage

Revenue

Bonds,

Spruce

Street,

Taxable

Class

E

Series

2024

.375

12/15/31

143,491

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

2,785,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2018

Series

.000

%

08/01/41

$

2,806,580

450,000

New

York

State

Housing

Finance

Agency,

State

Personal

Income

Tax

Revenue

Bonds,

Economic

Development

and

Housing

Sustainability

Green

Series

2024C

.000

12/15/39

420,191

630,000

New

York

State

Housing

Finance

Agency,

State

Personal

Income

Tax

Revenue

Bonds,

Economic

Development

and

Housing

Sustainability

Green

Series

2024C

.300

12/15/44

568,343

2,500,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

.000

07/01/41

2,499,917

8,055,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020,

(AMT)

.250

08/01/31

8,232,303

3,400,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020,

(AMT)

.375

08/01/36

3,463,315

4,295,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

John

F

Kennedy

International

Airport

New

Terminal

Project,

Green

Series

2024,

(AMT)

.500

06/30/54

4,148,925

395,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

John

F

Kennedy

International

Airport

Project,

Green

Series

2023,

(AMT)

.500

06/30/39

406,738

165,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

John

F

Kennedy

International

Airport

Project,

Green

Series

2023,

(AMT)

.500

06/30/40

168,811

215,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

John

F

Kennedy

International

Airport

Project,

Green

Series

2023

-

AGM

Insured,

(AMT)

.500

06/30/43

218,746

240,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

John

F

Kennedy

International

Airport

Project,

Green

Series

2023

-

AGM

Insured,

(AMT)

.500

06/30/44

243,275

845,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

John

F

Kennedy

International

Airport

Project,

Green

Series

2023,

(AMT)

.000

06/30/54

858,708

3,315,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

New

Terminal

John

F

Kennedy

International

Airport

Project,

Green

Series

2023,

(AMT)

.375

06/30/60

3,155,539

3,000,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2020,

(AMT)

.000

10/01/40

2,951,858

1,600,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

(AMT)

.000

04/01/35

1,733,510

2,805,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

(AMT)

.625

04/01/40

2,878,292

1,370,000

(f) Triborough

Bridge

and

Tunnel

Authority,

New

York,

Real

Estate

Transfer

Tax

Revenue

Bonds,

MTA

Bridges

and

Tunnels,

TBTA

Capital

Lockbox

Fund,

Series

2025A,

(UB)

.250

12/01/54

1,403,471

1,280,000

Westchester

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Westchester

Medical

Center

Obligated

Group

Project,

Series

2023

.250

11/01/52

1,332,645

TOTAL

NEW

YORK

75,168,646

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NORTH

CAROLINA

-

0.1%

(0.1%

of

Total

Investments)

$

370,000

North

Carolina

Medical

Care

Commission,

Retirement

Facilities

First

Mortgage

Revenue

Bonds,

The

Forest

at

Duke,

Inc.,

Series

2021

.000

%

09/01/46

$

290,393

230,000

North

Carolina

Medical

Care

Commission,

Retirement

Facility

Revenue

Bonds,

Penick

Village

Project

First

Mortgage

Series

2024A

.500

09/01/54

214,163

TOTAL

NORTH

CAROLINA

504,556

NORTH

DAKOTA

-

0.2%

(0.2%

of

Total

Investments)

1,500,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Program

Revenue

Bonds,

Social

Series

2024D

.500

07/01/44

1,413,155

TOTAL

NORTH

DAKOTA

1,413,155

OHIO

-

1.8%

(1.2%

of

Total

Investments)

1,995,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

.000

06/01/55

1,622,796

550,000

Dayton-Montgomery

County

Port

Authority,

Ohio,

Development

Revenue

Bonds,

Dayton

Regional

Stem

Schools

Inc.

Project,

Series

2024

.000

12/01/44

532,235

400,000

Dayton-Montgomery

County

Port

Authority,

Ohio,

Development

Revenue

Bonds,

Dayton

Regional

Stem

Schools

Inc.

Project,

Series

2024

.000

12/01/60

365,289

675,000

Hamilton

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

UC

Health,

Series

2025A

.500

08/01/42

681,536

1,270,000

Hamilton

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

UC

Health,

Series

2025A

.500

08/01/43

1,273,539

3,450,000

(b) Jefferson

County

Port

Authority,

Ohio,

Economic

Development

Revenue

Bonds,

JSW

Steel

USA

Ohio,

Inc.

Project,

Series

2023,

(AMT),

(Mandatory

Put

12/01/28)

.000

12/01/53

3,456,261

400,000

Montgomery

County,

Ohio,

Health

Care

Facilities

Revenue

Bonds,

Solvita

Project

Refunding

and

Improvement

Series

2024

.250

09/01/49

396,133

500,000

Montgomery

County,

Ohio,

Health

Care

Facilities

Revenue

Bonds,

Solvita

Project

Refunding

and

Improvement

Series

2024

.250

09/01/54

490,324

250,000

(b) Ohio

Housing

Finance

Agency,

Multifamily

Housing

Revenue

Bonds,

Silver

Birch

of

Mansfield

Project,

Series

2024

.000

01/01/45

231,317

625,000

(f) Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A,

(UB)

.650

09/01/54

575,774

1,010,000

University

of

Cincinnati,

Ohio,

General

Receipts

Bonds,

Series

2025A

.250

06/01/43

1,054,384

TOTAL

OHIO

10,679,588

OKLAHOMA

-

0.4%

(0.3%

of

Total

Investments)

300,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

.500

08/15/52

285,095

1,280,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

.500

08/15/57

1,206,056

1,000,000

Tulsa

Municipal

Airport

Trust,

Oklahoma,

Revenue

Bonds,

American

Airlines

Inc.,

Series

2025,

(AMT)

.250

12/01/35

1,104,941

TOTAL

OKLAHOMA

2,596,092

OREGON

-

0.2%

(0.1%

of

Total

Investments)

1,165,000

Astoria

Hospital

Facilities

Authority,

Oregon,

Hospital

Revenue

Bonds,

Columbia

Memorial

Hospital

Project,

Series

2024

.250

08/01/49

1,117,267

TOTAL

OREGON

1,117,267

PENNSYLVANIA

-

5.6%

(3.9%

of

Total

Investments)

700,000

Allegheny

County

Airport

Authority,

Pennsylvania,

Airport

Revenue

Bonds,

Pittsburgh

International

Airport,

Series

2023A

-

AGM

Insured,

(AMT)

.250

01/01/39

733,981

700,000

Allegheny

County

Airport

Authority,

Pennsylvania,

Airport

Revenue

Bonds,

Pittsburgh

International

Airport,

Series

2023A

-

AGM

Insured,

(AMT)

.500

01/01/43

729,204

1,000,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

2019A

.000

07/15/37

949,774

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

870,000

(b) Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

615

Waterfront

Project,

Senior

Series

2021

.000

%

05/01/42

$

889,369

3,000,000

(b) Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

City

Center

Refunding

Project,

Series

2017

.000

05/01/42

2,900,492

1,625,000

(b) Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

Neuweiler

Lofts

Project,

Series

2023

.250

05/01/42

1,559,647

1,000,000

(b) Dauphin

County

General

Authority,

Pennsylvania,

Revenue

Bonds,

Harrisburg

University

of

Science

&

Technology

Project,

Series

2017

.125

10/15/41

705,163

2,000,000

(b) Dauphin

County

General

Authority,

Pennsylvania,

Revenue

Bonds,

Harrisburg

University

of

Science

&

Technology

Project,

Series

2020

.250

10/15/53

1,447,929

9,000,000

Geisinger

Authority,

Montour

County,

Pennsylvania,

Health

System

Revenue

Bonds,

Geisinger

Health

System,

Series

2017A-2

.000

02/15/39

9,009,682

1,000,000

(b) Lehigh

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Provident

Group

-Lehigh

Valley

International

Airport

Hotel

Project

First

Tier

Series

2025A-2

.750

01/01/65

910,372

1,065,000

(b) Lehigh

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Provident

Group

-Lehigh

Valley

International

Airport

Hotel

Project

Second

Tier

Series

2025C

.750

01/01/65

978,788

1,300,000

(a),(c)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A

.000

12/01/31

300,000

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

PPL

Energy

Supply,

LLC

Project,

Refunding

Series

2009C,

(Mandatory

Put

6/01/27)

.250

12/01/37

302,123

2,960,000

Pennsylvania

Economic

Development

Financing

Authority,

Parking

System

Revenue

Bonds,

Capitol

Region

Parking

System,

Junior

Guaranteed

Series

2013B

-

BAM

Insured

.000

01/01/45

1,070,556

2,040,000

Pennsylvania

Economic

Development

Financing

Authority,

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

2017A

.000

11/15/42

1,811,211

3,000,000

(f) Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2023-143A,

(UB)

.450

04/01/51

3,042,557

340,000

(f) Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-144A,

(UB)

.450

10/01/44

319,170

1,850,000

(f) Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-144A,

(UB)

.600

10/01/49

1,730,691

2,545,000

(f) Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-145A,

(UB)

.750

10/01/49

2,434,380

2,545,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2025-148A,

(UB)

.800

10/01/55

2,386,161

TOTAL

PENNSYLVANIA

33,911,380

PUERTO

RICO

-

7.0%

(4.9%

of

Total

Investments)

5,950,000

Children's

Trust

Fund,

Puerto

Rico,

Tobacco

Settlement

Asset-

Backed

Bonds,

Series

2008A

.000

05/15/57

332,797

3,500,000

(b) Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

.000

07/01/37

3,592,892

6,500,000

(b) Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

.000

07/01/42

5,614,125

8,000,000

(c) Puerto

Rico

Electric

Power

Authority,

Revenue

Bonds,

Series

2010XX

.250

07/01/40

3,592,772

409,281

Puerto

Rico

Highway

and

Transportation

Authority

Highway

Revenue

Bonds

Series

2022

.250

07/01/38

409,375

2,150,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

.550

07/01/40

2,033,437

1,000,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2

.784

07/01/58

882,871

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PUERTO

RICO

(continued)

$

11,292,681

Puerto

Rico,

GDB

Debt

Recovery

Authority

Commonwealth

Bonds,

Taxable

Series

2018

.500

%

08/20/40

$

10,859,691

9,014,471

Puerto

Rico,

General

Obligation

Bonds,

Clawback

Highway

Transportation

Authority

Claims

Taxable

Series

2022

.000

11/01/51

5,690,385

4,570,000

Puerto

Rico,

General

Obligation

Bonds,

Commonwealth

Clawback

CVIS

Taxable

Series

2022

.000

11/01/51

1,508,100

4,128,207

Puerto

Rico,

General

Obligation

Bonds,

Commonwealth

Clawback

CVIS

Taxable

Series

2022

.000

11/01/51

1,878,334

1,029,483

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

.000

07/01/33

714,657

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

.000

07/01/35

1,117,147

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

.000

07/01/37

1,052,854

839,085

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

.000

07/01/41

731,891

5,657,155

Puerto

Rico,

General

Obligation

Bonds,

Vintage

CW

NT

Claims

Taxable

Series

2022

.000

11/01/43

3,521,579

TOTAL

PUERTO

RICO

42,415,821

SOUTH

CAROLINA

-

0.7%

(0.5%

of

Total

Investments)

1,000,000

South

Carolina

Jobs-Economic

Development

Authority,

Educational

Facilities

Revenue

Bonds,

Columbia

College,

Refunding

Series

2020A

.625

10/01/40

910,404

1,000,000

(b) South

Carolina

Jobs-Economic

Development

Authority,

Educational

Facilities

Revenue

Bonds,

Horse

Creek

Academy

Project,

Series

2021A

.000

11/15/55

825,846

2,170,000

South

Carolina

Jobs-Economic

Development

Authority,

Health

Care

Facilities

Revenue

Bonds,

Novant

Health

Group,

Series

2024A

.500

11/01/49

2,239,466

250,000

South

Carolina

Jobs-Economic

Development

Authority,

Healthcare

Revenue

Bonds,

Beaufort

Memorial

Hospital

&

South

of

Broad

Healthcare

Project,

Series

2024

.500

11/15/44

243,950

TOTAL

SOUTH

CAROLINA

4,219,666

TENNESSEE

-

2.1%

(1.5%

of

Total

Investments)

410,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Health

System

Revenue

Bonds,

Erlanger

Health

Series

2024

.250

12/01/40

429,845

485,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Health

System

Revenue

Bonds,

Erlanger

Health

Series

2024

.250

12/01/41

503,771

1,395,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Health

System

Revenue

Bonds,

Erlanger

Health

Series

2024

.250

12/01/42

1,433,884

1,195,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Health

System

Revenue

Bonds,

Erlanger

Health

Series

2024

.250

12/01/43

1,218,907

2,205,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Health

System

Revenue

Bonds,

Erlanger

Health

Series

2024

.250

12/01/44

2,233,895

650,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Belmont

University,

Series

2023

.000

05/01/40

665,438

2,705,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Vanderbilt

University,

Series

2023A

.000

07/01/28

2,871,411

2,905,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Vanderbilt

University,

Series

2023A

.000

07/01/33

3,177,615

TOTAL

TENNESSEE

12,534,766

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

-

7.3%

(5.1%

of

Total

Investments)

$

500,000

(b) Abilene

Convention

Center

Hotel

Development

Corporation,

Texas,

Hotel

Revenue

Bonds,

Second-Lien

Series

2021B

.000

%

10/01/50

$

413,777

1,190,000

Arlington

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Brooks

Academies,

Series

2021A

.000

06/15/31

1,130,255

500,000

Arlington

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Brooks

Academies,

Series

2021A

.000

06/15/51

407,455

325,000

(b) Buda,

Texas,

Special

Assessment

Revenue

Bonds,

Persimmon

Public

improvement

District

Improvement

Area

Project,

Series

2025

.875

09/01/45

308,586

500,000

(b) Buda,

Texas,

Special

Assessment

Revenue

Bonds,

Persimmon

Public

improvement

District

Major

Improvement

Area

Project,

Series

2025

.750

09/01/55

468,171

2,370,000

Chambers

County

Justice

Center

Public

Facilities

Corporation,

Texas,

Lease

Revenue

Bonds,

Series

2024

.500

06/01/49

2,454,970

3,720,000

Chambers

County

Justice

Center

Public

Facilities

Corporation,

Texas,

Lease

Revenue

Bonds,

Series

2024

.500

06/01/55

3,833,369

225,000

(b) City

of

Midlothian,

Texas,

Westside

Preserve

Public

Improvement

District

Improvement

Area

#1

Project

Special

Assessment

Revenue

Bonds

Series

2022

.750

09/15/32

225,393

225,000

(b) Clifton

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Valor

Education

Foundation,

Series

2024A

.000

06/15/54

203,114

330,000

Dallas

Fort

Worth

International

Airport,

Texas,

Joint

Revenue

Bonds

Refunding

Series

2023C,

(AMT)

.000

11/01/27

345,288

325,000

(b) Denton

County,

Texas,

Special

Assessment

Revenue

Bonds,

Green

Meadows

Public

Improvement

District

Major

Improvement

Area

Project,

Series

2025

.125

12/31/55

325,514

215,000

(b) Denton

County,

Texas,

Special

Assessment

Revenue

Bonds,

Green

Meadows

Public

Improvement

District,

Improvement

Area

Project,

Series

2025

.375

12/31/45

215,397

1,280,000

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012B

.750

11/01/42

1,212,196

570,000

Galveston,

Texas,

Wharves

and

Terminal

First

Lien

Revenue

Bonds,

Series

2023,

(AMT)

.000

08/01/43

600,790

1,000,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

.500

07/15/36

1,048,012

1,000,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

.500

07/15/38

1,033,088

5,610,000

Love

Field

Airport

Modernization

Corporation,

Texas,

General

Airport

Revenue

Bonds,

Refunding

Series

2021

-

AGM

Insured,

(AMT)

.000

11/01/38

5,298,348

500,000

(b) Marble

Falls,

Burnet

County,

Texas,

Special

Assessment

Revenue

Bonds,

Thunder

Rock

Public

Improvement

District

Improvement

Area

Project,

Series

2021

.125

09/01/41

420,519

1,500,000

Matagorda

County

Navigation

District

1,

Texas,

Pollution

Control

Revenue

Bonds,

AEP

Texas

Central

Company

Project,

Remarketing,

Series

2008-1

.000

06/01/30

1,500,477

625,000

(b) McLendon-Chisholm,

Texas,

Special

Assessment

Revenue

Bonds,

Sonoma

Public

Improvement District

Improvement

Area

Project,

Series

2021

.625

09/15/41

498,059

500,000

(b) Mesquite,

Texas,

Special

Assessment

Revenue

Bonds,

Solterra

Public

Improvement

District

Improvement

Area

Projects,

Series

2023

.500

09/01/43

496,539

270,000

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Graphic

Packaging

International,

LLC

Project,

Green

Series

2025,

(AMT),

(Mandatory

Put

6/01/30)

.000

12/01/64

274,342

4,175,000

(b) New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Southwest

Preparatory

School,

Series

2020A

.000

08/15/50

3,559,009

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

3,360,000

Pflugerville,

Travis

and

Williamson

Counties,

Texas,

Certificates

of

Obligation,

Combination

Tax

and

Revenue

Limited

Series

2023

.250

%

08/01/55

$

3,439,012

450,000

(b) Pilot

Point,

Denton,

Grayson,

and

Cooke

Counties,

Texas,

Special

Assessment

Revenue

Bonds,

Bryson

Ranch

Public

Improvement

District

Zone

A

Improvement

Area

Project,

Series

2025

.125

09/15/45

453,359

185,000

(b) Pilot

Point,

Denton,

Grayson,

and

Cooke

Counties,

Texas,

Special

Assessment

Revenue

Bonds,

Bryson

Ranch

Public

Improvement

District

Zone

A

Improvement

Area

Project,

Series

2025

.125

09/15/55

186,058

8,845,000

(b) Port

Beaumont

Industrial

Development

Authority,

Texas,

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2021B

.100

01/01/28

7,822,138

155,000

(b) Princeton,

Texas,

Special

Assessment

Revenue

Bonds,

Winchester

Crossing

Public

Improvement

District

Project,

Series

2024

.125

09/01/44

142,127

1,955,000

(b) Sachse,

Texas,

Special

Assessment

Bonds,

Sachse

Public

Improvement

District

Major

Improvement

Area

Project,

Series

2020

.375

09/15/40

1,966,596

360,000

(d) Spring

Independent

School

District,

Hardin

County,

Texas,

General

Obligation

Bonds,

School

Building

and

Refunding

Series

2025

.000

08/15/40

382,343

515,000

(d) Spring

Independent

School

District,

Hardin

County,

Texas,

General

Obligation

Bonds,

School

Building

and

Refunding

Series

2025

.000

08/15/41

542,358

340,000

(d) Spring

Independent

School

District,

Hardin

County,

Texas,

General

Obligation

Bonds,

School

Building

and

Refunding

Series

2025

.250

08/15/42

361,948

310,000

(d) Spring

Independent

School

District,

Hardin

County,

Texas,

General

Obligation

Bonds,

School

Building

and

Refunding

Series

2025

.250

08/15/43

328,216

555,000

(d) Spring

Independent

School

District,

Hardin

County,

Texas,

General

Obligation

Bonds,

School

Building

and

Refunding

Series

2025

.250

08/15/45

581,983

475,000

Texas

Private

Activity

Bond

Surface

Transpiration

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

LLC

Refunding

Series

2023,

(AMT)

.375

06/30/38

491,115

465,000

Texas

Private

Activity

Bond

Surface

Transpiration

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

LLC

Refunding

Series

2023,

(AMT)

.500

06/30/41

474,616

700,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding Series

2020A

.000

06/30/40

629,566

TOTAL

TEXAS

44,074,103

UTAH

-

2.6%

(1.8%

of

Total

Investments)

205,000

(b) Black

Desert

Public

Infrastructure

District,

Washington

County,

Utah,

Special

Assessment

Bonds,

Black

Desert

Assessment

Area

1,

Series

2024

.625

12/01/53

199,345

500,000

(b) Mida

Cormont

Public

Infrastructure

District,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2025A-2

.750

06/01/55

407,091

5,000,000

(b) Nordic

Village

Public

Infrastructure

District

1,

Weber

County,

Utah,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Series

2025

.500

03/01/55

4,978,896

500,000

(b) Red

Bridge

Public

Infrastructure

District

1,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2021A

.125

02/01/41

402,701

1,000,000

(b) Ridges

Estates

Infrastructure

Financing

District,

Utah,

Special

Assessment

Bonds,

Alpine

Hollow

Assessment

Area,

Series

2025

.250

12/01/53

992,758

645,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

.250

07/01/43

653,158

1,400,000

(b) Tech

Ridge

Public

Infrastructure

District,

St.

George,

Washington

County,

Utah,

Special

Assessment

and

Tax

Increment

Bonds,

Tech

Ridge

Assessment

Area,

Series

2025

.250

12/01/54

1,401,919

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTAH

(continued)

$

935,000

(b) Utah

Charter

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Paradigm

High

School

Project,

Series

2020A

.125

%

07/15/51

$

748,556

1,170,000

(f) Utah

Housing

Corporation,

Single

Family

Mortgage

Bonds,

Series

2024C,

(UB)

.650

01/01/49

1,109,578

1,685,000

(b) Verk

Industrial

Regional

Public

Infrastructure

District,

Utah,

Tax

Differential

Revenue

Bonds,

Series

2025

.625

09/01/47

1,710,145

500,000

(b) Wakara

Ridge

Public

Infrastructure

District,

Utah,

Special

Assessment

Bonds,

Wakara

Ridge

Assessment

Area,

Series

2025

.625

12/01/54

494,229

2,540,000

(b) Wohali

Public

Infrastructure

District

1,

Utah,

Special

Assessment

Revenue

Bonds,

Assessment

Area

Series

2023

.000

12/01/42

2,588,020

TOTAL

UTAH

15,686,396

VIRGIN

ISLANDS

-

0.7%

(0.5%

of

Total

Investments)

2,365,000

Matching

Fund

Special

Purpose

Securitization

Corporation,

Virgin

Islands,

Revenue

Bonds,

Series

2022A

.000

10/01/32

2,415,049

750,000

Virgin

Islands

Transportation

&

Infrastructure

Corporation,

Virgin

Islands,

Grant

Anticipation

Revenue

Bonds,

Federal

Highway

Grant

Anticipation

Revenue

Loan

Note,

Series

2025

.000

09/01/42

761,035

1,000,000

(b) West

Indian

Company

Limited,

Virgin

Islands,

Port

Facilities

Revenue

Bonds

WICO

Financing

Series

2022A

.125

10/01/42

914,270

TOTAL

VIRGIN

ISLANDS

4,090,354

VIRGINIA

-

0.7%

(0.5%

of

Total

Investments)

1,640,000

(b) Cherry

Hill

Community

Development

Authority,

Virginia,

Special

Assesment

Bonds,

Potomac

Shores

Project,

Series

2015

.400

03/01/45

1,640,482

1,600,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

Elizabeth

River

Crossing

OPCO,

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

.000

01/01/40

1,439,634

985,000

(b) Virginia

Small

Business

Financing

Authority,

Tourism

Development

Financing

Program

Revenue

Bonds,

Virginia

Beach

Oceanfront

South

Hotel

Project,

Senior

Series

2020A-1

.000

10/01/43

938,972

TOTAL

VIRGINIA

4,019,088

WASHINGTON

-

2.3%

(1.6%

of

Total

Investments)

1,370,000

Port

of

Seattle,

Washington,

General

Obligation

Bonds,

Limited

Tax

Series,

Refunding 2024A,

(AMT)

.000

06/01/43

1,386,621

1,390,000

Port

of

Seattle,

Washington,

General

Obligation

Bonds,

Limited

Tax

Series,

Refunding 2024A,

(AMT)

.000

06/01/44

1,402,201

1,600,000

Port

of

Seattle,

Washington,

General

Obligation

Bonds,

Limited

Tax

Series,

Refunding 2024A,

(AMT)

.000

06/01/45

1,610,421

940,000

Port

of

Seattle,

Washington,

General

Obligation

Bonds,

Limited

Tax

Series,

Refunding 2024A,

(AMT)

.000

06/01/46

945,620

1,770,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Series

2014D

.000

10/01/41

1,754,913

1,915,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Refunding

Series

2021B,

(Mandatory

Put

10/01/30)

.000

10/01/42

1,962,733

5,593,013

Washington

State

Housing

Finance

Commission,

Social

Municipal

Certificates

Multifamily

Revenue

Bonds,

Series

2023-

Class

A

.375

04/20/37

5,068,903

TOTAL

WASHINGTON

14,131,412

WEST

VIRGINIA

-

0.9%

(0.6%

of

Total

Investments)

700,000

.Ohio

County

Commission,

West

Virginia,

Tax

Increment

Revenue

Bonds,

The

Highlands

Project,

Refunding

&

Improvement

Series

2024

.250

06/01/53

658,989

100,000

(b) Monongalia

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

University

Town

Centre

Economic

Opportunity

Development

District,

Subordinate

Improvement

Series

2023A

.000

06/01/43

102,253

3,660,000

(b),(c)

West

Virginia

Economic

Development

Authority,

Dock

and

Wharf

Facilities

Revenue

Bonds,

Empire

Trimodal

Terminal,

LLC

Project,

Series

2020

.000

12/01/40

2,660,578

200,000

(b) West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Core

Natural

Resources,

INC

Project,

AMT

Series

2025,

(AMT),

(Mandatory

Put

3/27/35)

.450

01/01/55

203,345

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WEST

VIRGINIA

(continued)

$

700,000

(b) West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Core

Natural

Resources,

INC

Project,

AMT

Series

2025,

(AMT),

(Mandatory

Put

5/15/32)

.625

%

04/15/55

$

682,633

1,035,000

West

Virginia

Hospital

Finance

Authority,

Revenue

Bonds,

West

Virginia

University

Health

System,

Improvement

Series

2023A

.000

06/01/41

1,059,935

TOTAL

WEST

VIRGINIA

5,367,733

WISCONSIN

-

7.2%

(5.0%

of

Total

Investments)

3,000,000

(b),(c)

Gillett,

Wisconsin,

Solid

Waste

Disposal

Revenue

Bonds,

WI

RNG

Hub

North

LLC

Renewable

Natural

Gas

Production

Plant

Project,

Series

2021A

.500

12/01/32

2,262,793

6,350,000

(b) Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Freedom

Classical

Academy

Inc.,

Series

2020A

.000

01/01/56

5,063,163

390,000

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

North

East

Carolina

Preparatory

School

Project,

Refunding

Series

2024A

.000

06/15/44

366,481

2,265,000

(b) Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Bonnie

Cone

Classical

Academy,

Series

2024

.500

06/15/49

2,012,449

175,000

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Shining

Rock

Classical

Academy,

Series

2022A

.125

06/15/57

152,306

1,000,000

(b) Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

The

Capitol

Encore

Academy,

Series

2021A

.000

06/01/56

781,208

455,000

Public

Finance

Authority

of

Wisconsin,

Educational

Facility

Revenue

Bonds,

Cornerstone

Charter

Academy

Series

2024

.000

02/01/54

415,022

1,000,000

(b) Public

Finance

Authority

of

Wisconsin,

Educational

Facility

Revenue

Bonds,

LEAD

Academy

Project,

Series

2021

.000

08/01/51

683,831

2,000,000

Public

Finance

Authority

of

Wisconsin,

Hotel

Revenue

Bonds,

Grand

Hyatt

San

Antonio

Hotel

Acquisition

Project,

Senior

Lien

Series

2022A

.000

02/01/52

1,876,618

1,670,000

(b) Public

Finance

Authority

of

Wisconsin,

Hotel

Revenue

Bonds,

Grand

Hyatt

San

Antonio

Hotel

Acquisition

Project,

Subordinate

Lien

Series

2022B

.625

02/01/46

1,680,759

2,000,000

(b) Public

Finance

Authority

of

Wisconsin,

Hotel

Revenue

Bonds,

Grand

Hyatt

San

Antonio

Hotel

Acquisition

Project,

Subordinate

Lien

Series

2022B

.000

02/01/62

2,027,513

5,000,000

(b) Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017

.000

12/01/50

4,750,000

3,000,000

(b) Public

Finance

Authority

of

Wisconsin,

Multifamily

Housing

Revenue

Bonds,

Promenade

Apartments

Project,

Series

2024

.250

02/01/39

2,995,069

1,000,000

Public

Finance

Authority

of

Wisconsin,

Pollution

Control

Revenue

Bonds,

Duke

Energy

Progress

Project,

Refunding

Series

2022B,

(Mandatory

Put

10/01/30)

.000

10/01/46

1,016,868

1,025,000

(b) Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Revolution

Academy,

Refunding

Series

2023A

.250

10/01/58

1,025,231

1,500,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Sky

Harbour

LLC

Obligated

Group

Aviation

Facilities

Project,

Series

2021,

(AMT)

.000

07/01/41

1,274,769

500,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Sky

Harbour

LLC

Obligated

Group

Aviation

Facilities

Project,

Series

2021,

(AMT)

.250

07/01/54

384,917

865,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Triad

Educational

Services,

Inc.

Math

&

Science

Academy,

Series

2025

.500

06/15/55

839,836

750,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Triad

Educational

Services,

Inc.

Math

&

Science

Academy,

Series

2025

.250

06/15/65

685,735

510,000

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Triad

Educational

Services,

Inc.

Math

&

Science

Academy,

Series

2025

.400

06/15/65

478,133

100,000

(a),(c)

Public

Finance

Authority

of

Wisconsin,

Wisconsin

Revenue

Note,

KDC

Agribusiness

LLC

Project,

Series

2022B

.000

12/31/25

1,000,000

Public

Finance

Authority,

Wisconsin,

Educational

Revenue

Bonds,

Lake

Norman

Charter

School,

Series

2024A

.000

06/15/64

909,194

#### Portfolio

#### of

#### Investments

#### July

#### 31,

#### 2025
(continued)

#### NDMO

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets

applicable

to

common

shares

unless

otherwise

noted.

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN

(continued)

$

500,000

(b) Public

Finance

Authority,

Wisconsin,

Revenue

Bonds,

Two

Step

Project,

Series

2024

.000

%

12/15/34

$

284,836

1,000,000

(b) Public

Finance

Authority,

Wisconsin,

Tax

Increment

Revenue

Senior

Bonds,

World

Center

Project

Series

2024A

.000

06/01/41

973,676

500,000

(b) Public

Finance

Authority,

Wisconsin,

Tax

Increment

Revenue

Subordinate

Bonds,

World

Center

Project

Series

2024B

.000

06/15/42

488,773

4,460,000

Public

Finance

Authority,

Wisconsin,

Toll

Revenue

Bonds,

Georgia

SR

Express

Lanes

Project,

Senior

Lien

Series

2025

.750

06/30/60

4,247,526

3,320,000

Public

Finance

Authority,

Wisconsin,

Toll

Revenue

Bonds,

Georgia

SR

Express

Lanes

Project,

Senior

Lien

Series

2025

.750

12/31/65

3,169,963

150,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Dickson

Hollow

Phase

Project,

Series

2024

.450

10/01/39

150,788

2,500,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Froedtert

Health,

Inc.

Obligated

Group,

Series

2017A

.000

04/01/39

2,316,873

TOTAL

WISCONSIN

43,314,340

TOTAL

MUNICIPAL

BONDS

(Cost

$903,133,368)

848,321,636

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

.0

%

(0

.0

%

of

Total

Investments)

CAPITAL

GOODS

-

0.0%

(0.0%

of

Total

Investments)

128,676

(a),(c),(h)

KDC

Agribusiness

Fairless

Hills

LLC

.000

09/17/25

TOTAL

CAPITAL

GOODS

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$128,676)

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$912,299,401)

858,584,420

FLOATING

RATE

OBLIGATIONS

-

(4.5)%

(27,010,000)

MFP

SHARES,

NET

-

(39.6)%(i)

(239,688,882)

OTHER

ASSETS

&

LIABILITIES,

NET

- 2.3%

13,696,955

NET

ASSETS

APPLICABLE

TO

COMMON

SHARES

-

100%

$

605,582,493

AMT

Alternative

Minimum

Tax

UB

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction.

Inverse

floating

rate

trust

is

a

Recourse

Trust

unless

otherwise

noted.

(a) For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3. (b) Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

reporting

period,

the

aggregate

value

of

these

securities

is

$278,549,923

or

32.4%

of

Total

Investments.

(c) Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(d) When-issued

or

delayed

delivery

security.

(e) Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

reporting

period.

(f) Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

inverse

floating

rate

transactions.

(g) Backed

by

an

escrow

or

trust

containing

sufficient

U.S.

Government

or

U.S.

Government

agency

securities,

which

ensure

the

timely

payment

of

principal

and

interest.

(h) Senior

loan

received

as

part

of

the

bondholder

funding

agreement

during

June

2023

for

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2021A,

10.000%,

12/01/31.

(i) MFP

Shares,

Net

as

a

percentage

of

Total

Investments

is

27.9%.

Investments

in

Derivatives

Part

F

of

Form

N-PORT

was

prepared

in

accordance

with

U.S.

generally

accepted

accounting

principles

("U.S.

GAAP")

and

in

conformity

with

the

applicable

rules

and

regulations

of

the

U.S.

Securities

and

Exchange

Commission

("SEC")

related

to

interim

filings.

Part

F

of

Form

N-PORT

does

not

include

all

information

and

footnotes

required

by

U.S.

GAAP

for

complete

financial

statements.

Certain

footnote

disclosures

normally

included

in

financial

statements

prepared

in

accordance

with

U.S.

GAAP

have

been

condensed

or

omitted

from

this

report

pursuant

to

the

rules

of

the

SEC.

For

a

full

set

of

the

Fund's

notes

to

financial

statements,

please

refer

to

the

Fund's

most

recently

filed

annual

or

semi-annual

report.

Fair

Value

Measurements

The

Fund's

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Board

of

Directors/

Trustees.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management's

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management's

assumptions

in

determining

the

fair

value

of

investments).

The

following

table

summarizes

the

market

value

of

the

Fund's

investments

as

of

the

end

of

the

reporting

period,

based

on

the

inputs

used

to

value

them:

Futures

Contracts

-

Short

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

Value

Unrealized

Appreciation

(Depreciation)

U.S.

Treasury

Long

Bond

(519) 9/25

$

(58,931,069)

$

(59,263,313)

$

(332,244)

NDMO

Level

Level

Level

Total

Long-Term

Investments:

Corporate

Bonds

$

–

$

9,847,950

$

414,821

$

10,262,771

Municipal

Bonds

–

844,073,970

848,321,636

Variable

Rate

Senior

Loan

Interests

–

–

Unfunded

Commitments\*

–

–

4,247,526

490,000

Investments

in

Derivatives:

Futures

Contracts\*\*

(332,244)

–

–

(332,244)

Total

$

(332,244)

$

853,921,920

$

904,974

$

858,742,176

\*

Unfunded

commitments

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

commitment.

\*\*

Represents

net

unrealized

appreciation

(depreciation).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nuveen Dynamic Municipal Opportunities Fund

- **b. Investment Company Act file number:** 811-23489

- **c. CIK number of Registrant:** 0001793129

- **d. LEI of Registrant:** 549300U0TWS55O2SJ275

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

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

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

- **a. Name of Series:** Nuveen Dynamic Municipal Opportunities Fund

- **c. LEI of Series:** 549300U0TWS55O2SJ275

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $892410357.00

**Total Liabilities:** $286841675.00

**Net Assets:** $605568682.00

**Delayed Delivery Securities:** $7835832.00

**Cash Not Reported:** $12866119.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -5013.93000000 | **5-Year:** -21028.12000000 | **10-Year:** -130203.47000000 | **30-Year:** -157733.01000000

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

- **3-Month:** -17.84000000 | **1-Year:** -2894.54000000 | **5-Year:** -14716.00000000 | **10-Year:** -119944.67000000 | **30-Year:** -227209.92000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.08%               | 0.60%                | -1.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-667702.93              | $-2431549.73                               |
| Month 2  | $-445302.94              | $1833747.22                                |
| Month 3  | $-1571608.51             | $-11737321.48                              |

**Designated Index Information**

- **Index Name:** S&P Municipal Yield

- **Index Identifier:** SPMI:SPMUHT00

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| McLendon-Chisholm, Texas, Special Assessment Revenue Bonds, Sonoma Public Improvement  District Improvement Area 3 Project, Series 2021                | McLendon-Chisholm, Texas, Special Assessment Revenue Bonds, Sonoma Public Improvement  District Improvement Area 3 Project, Series 2021                | CUSIP: 582153BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $498059.06    | 0.08%             | 2041-09-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B                                                 | Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B                                                 | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1206055.55   | 0.20%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cherry Hill Community Development Authority, Virginia, Special Assesment Bonds, Potomac Shores Project, Series 2015                                    | Cherry Hill Community Development Authority, Virginia, Special Assesment Bonds, Potomac Shores Project, Series 2015                                    | CUSIP: 164631AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1640481.67   | 0.27%             | 2045-03-01      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | CUSIP: 735371SD9<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1610420.96   | 0.27%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Revenue Bonds, Triad Educational Services, Inc. Math & Science Academy, Series 2025                             | Public Finance Authority of Wisconsin, Revenue Bonds, Triad Educational Services, Inc. Math & Science Academy, Series 2025                             | CUSIP: 74442EMR8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    865000 | PA      | $839836.37    | 0.14%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago, Illinois, Water Revenue Bonds, Refunding Second Lien Series 2023B                                                                             | Chicago, Illinois, Water Revenue Bonds, Refunding Second Lien Series 2023B                                                                             | CUSIP: 167736W86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209966.42    | 0.03%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Commonwealth Clawback CVIS Taxable Series 2022                                                                  | Puerto Rico, General Obligation Bonds, Commonwealth Clawback CVIS Taxable Series 2022                                                                  | CUSIP: 74514L4F1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4128207 | PA      | $1878334.14   | 0.31%             | 2051-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County, Alabama, Sewer Revenue Warrants, Series 2024                                                                                         | Jefferson County, Alabama, Sewer Revenue Warrants, Series 2024                                                                                         | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $426787.85    | 0.07%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency, California, Essential Housing Revenue Bonds, Creekwood, Series 2021A                                              | California Community Housing Agency, California, Essential Housing Revenue Bonds, Creekwood, Series 2021A                                              | CUSIP: 13013FAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3815000 | PA      | $2343295.84   | 0.39%             | 2056-02-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Fourth North Business Improvement District, Silverthorne, Summit County, Colorado, Special Revenue and Tax Supported Bonds, Refunding & Improvement Se | Fourth North Business Improvement District, Silverthorne, Summit County, Colorado, Special Revenue and Tax Supported Bonds, Refunding & Improvement Se | CUSIP: 35122CAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1143969.24   | 0.19%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority, Senior Single Family Mortgage Revenue Bonds, Series 2024B                                                            | Delaware State Housing Authority, Senior Single Family Mortgage Revenue Bonds, Series 2024B                                                            | CUSIP: 246395B63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485620.60    | 0.08%             | 2044-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds, Refunding Series 2021                                              | Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds, Refunding Series 2021                                              | CUSIP: 54714CCE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5610000 | PA      | $5298347.67   | 0.87%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority, California, Special Tax Bonds, Community Facilities District 2003-1 Improvement Area 1, Subordinate Series 2 | River Islands Public Financing Authority, California, Special Tax Bonds, Community Facilities District 2003-1 Improvement Area 1, Subordinate Series 2 | CUSIP: 76827QHD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1053822.56   | 0.17%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022                                                                        | Puerto Rico, General Obligation Bonds, Vintage CW NT Claims Taxable Series 2022                                                                        | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5657156 | PA      | $3521579.32   | 0.58%             | 2043-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corporation, Texas, Education Revenue Bonds, Southwest Preparatory School, Series 2020A                 | New Hope Cultural Education Facilities Finance Corporation, Texas, Education Revenue Bonds, Southwest Preparatory School, Series 2020A                 | CUSIP: 64542QBT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4175000 | PA      | $3559008.81   | 0.59%             | 2050-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District 5, Parker, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Series 2024A-2                 | Hess Ranch Metropolitan District 5, Parker, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Series 2024A-2                 | CUSIP: 428111AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $368710.59    | 0.06%             | 2043-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority, Michigan, Sewer Disposal System Revenue Bonds, Second Lien Series 2025C                                                   | Great Lakes Water Authority, Michigan, Sewer Disposal System Revenue Bonds, Second Lien Series 2025C                                                   | CUSIP: 39081HHQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1324947.87   | 0.22%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corporation, New York, Revenue Bonds, Westchester Medical Center Obligated Group Project, Series 2023             | Westchester County Local Development Corporation, New York, Revenue Bonds, Westchester Medical Center Obligated Group Project, Series 2023             | CUSIP: 95737TFQ4<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1332644.48   | 0.22%             | 2052-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge and Tunnel Enterprise, Colorado, Senior Infrastructure Revenue Bonds, Series 2025A                                                     | Colorado Bridge and Tunnel Enterprise, Colorado, Senior Infrastructure Revenue Bonds, Series 2025A                                                     | CUSIP: 19633TAZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $849887.63    | 0.14%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Discovery High School Project, Series 2020A                             | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Discovery High School Project, Series 2020A                             | CUSIP: 34061UFL7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6642601.00   | 1.10%             | 2055-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Community School of Excellence, Series 2023               | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Community School of Excellence, Series 2023               | CUSIP: 852297DX5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3539281.16   | 0.58%             | 2053-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | CUSIP: 735371SB3<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1386621.11   | 0.23%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Medical Center, Series 2024                                                    | Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Medical Center, Series 2024                                                    | CUSIP: 65000B8S0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152619.87    | 0.03%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North AR-1 of Pasco Community Development District, Florida, Capital Improvement Revenue Bonds, Assessment Area 5, Series 2024                         | North AR-1 of Pasco Community Development District, Florida, Capital Improvement Revenue Bonds, Assessment Area 5, Series 2024                         | CUSIP: 65725AAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $211183.58    | 0.03%             | 2044-05-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority, Educational Facilities Revenue Bonds, Horse Creek Academy Project, Series 2021A                    | South Carolina Jobs-Economic Development Authority, Educational Facilities Revenue Bonds, Horse Creek Academy Project, Series 2021A                    | CUSIP: 83704MBN5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $825846.70    | 0.14%             | 2055-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Revenue Bonds, Triad Educational Services, Inc. Math & Science Academy, Series 2025                             | Public Finance Authority of Wisconsin, Revenue Bonds, Triad Educational Services, Inc. Math & Science Academy, Series 2025                             | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $685734.45    | 0.11%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Freedom Classical Academy Inc., Series 2020A                                      | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Freedom Classical Academy Inc., Series 2020A                                      | CUSIP: 744396GB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6350000 | PA      | $5063162.98   | 0.84%             | 2056-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | CUSIP: 799561PL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516812.80    | 0.09%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | CUSIP: 650116GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $168811.01    | 0.03%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | CUSIP: 452153JZ3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1333306.78   | 0.22%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority, Health Care Facilities Revenue Bonds, Novant Health Group, Series 2024A                            | South Carolina Jobs-Economic Development Authority, Health Care Facilities Revenue Bonds, Novant Health Group, Series 2024A                            | CUSIP: 837032CC3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2239465.82   | 0.37%             | 2049-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2022                                                             | Baltimore, Maryland, Special Obligation Bonds, Harbor Point Project, Refunding Series 2022                                                             | CUSIP: 05923TCZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185896.18    | 0.03%             | 2033-06-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Ledge Rock Center Commercial Metropolitan District (In the Town of Johnstown, Weld County, Colorado), Limited Tax General Obligation Bonds, Series 202 | Ledge Rock Center Commercial Metropolitan District (In the Town of Johnstown, Weld County, Colorado), Limited Tax General Obligation Bonds, Series 202 | CUSIP: 523278AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3082934.10   | 0.51%             | 2052-11-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority, Charter School Revenue Bonds, Scholarship Prep Public Schools Obligated Group, Series 2020A                       | California School Finance Authority, Charter School Revenue Bonds, Scholarship Prep Public Schools Obligated Group, Series 2020A                       | CUSIP: 13058TKG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1607947.40   | 0.27%             | 2060-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| National Finance Authority, New Hampshire, Special Revenue Bonds, Mill Creek Project, Montgomery County, Texas Series 2025                             | National Finance Authority, New Hampshire, Special Revenue Bonds, Mill Creek Project, Montgomery County, Texas Series 2025                             | CUSIP: 63608TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445686.15    | 0.07%             | 2031-12-01      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B                                                         | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B                                                         | CUSIP: 745160TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5614124.75   | 0.93%             | 2042-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sachse, Texas, Special Assessment Bonds, Sachse Public Improvement District 1 Major Improvement Area Project, Series 2020                              | Sachse, Texas, Special Assessment Bonds, Sachse Public Improvement District 1 Major Improvement Area Project, Series 2020                              | CUSIP: 785756AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1966595.50   | 0.32%             | 2040-09-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Florida, Educational Facilities Lease Revenue Bonds, South Tech Schools Project, Series 2020A                                    | Capital Trust Agency, Florida, Educational Facilities Lease Revenue Bonds, South Tech Schools Project, Series 2020A                                    | CUSIP: 14054DAP2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1036020.51   | 0.17%             | 2055-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A                  | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A                  | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1176407.45   | 0.19%             | 2041-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B                                                         | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B                                                         | CUSIP: 745160TG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3592892.10   | 0.59%             | 2037-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    925000 | PA      | $921642.81    | 0.15%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District 1, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2021A                           | Peak Metropolitan District 1, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2021A                           | CUSIP: 704676AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $228672.12    | 0.04%             | 2051-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Currents Community Development District, Collier County, Florida, Capital Improvement Revenue Bonds, Series 2020B                                      | Currents Community Development District, Collier County, Florida, Capital Improvement Revenue Bonds, Series 2020B                                      | CUSIP: 23131PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $2784012.21   | 0.46%             | 2041-05-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B                               | Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B                               | CUSIP: 267045GU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1104257.13   | 0.18%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2025A                                           | Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2025A                                           | CUSIP: 45204FM69<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    805000 | PA      | $818651.43    | 0.14%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority, Senior Single Family Mortgage Revenue Bonds, Series 2024B                                                            | Delaware State Housing Authority, Senior Single Family Mortgage Revenue Bonds, Series 2024B                                                            | CUSIP: 246395B71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473760.35    | 0.08%             | 2049-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Northfield Metropolitan District 2, Fort Collins, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2020A                         | Northfield Metropolitan District 2, Fort Collins, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2020A                         | CUSIP: 666162AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1514438.04   | 0.25%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bennett Ranch Metropolitan District 1, Adams County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Tax Series 2021A         | Bennett Ranch Metropolitan District 1, Adams County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Tax Series 2021A         | CUSIP: 08218DAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $810858.80    | 0.13%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank, Indiana, Revenue Bonds, Convention Center Hotel Senior Series 2023E                                   | Indianapolis Local Public Improvement Bond Bank, Indiana, Revenue Bonds, Convention Center Hotel Senior Series 2023E                                   | CUSIP: 45528U6W6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    730000 | PA      | $750160.41    | 0.12%             | 2043-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Jones District Community Authority Board, Centennial, Colorado, Special Revenue Convertible Capital Appreciaiton Bonds, Series 2020A                   | Jones District Community Authority Board, Centennial, Colorado, Special Revenue Convertible Capital Appreciaiton Bonds, Series 2020A                   | CUSIP: 48020NAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1795772.80   | 0.30%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Village Community Development District 15, Florida, Special Assessment Revenue Bonds, Series 2023                                                      | Village Community Development District 15, Florida, Special Assessment Revenue Bonds, Series 2023                                                      | CUSIP: 92708KAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $349513.57    | 0.06%             | 2028-05-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment | New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2951857.50   | 0.49%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Broward Hospital District, Florida, Hospital Revenue Bonds, South Broward Hospital District Obligated Group, Refunding Series 2016A              | South Broward Hospital District, Florida, Hospital Revenue Bonds, South Broward Hospital District Obligated Group, Refunding Series 2016A              | CUSIP: 836753MF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1001339.37   | 0.17%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mesquite, Texas, Special Assessment Revenue Bonds, Solterra Public Improvement District Improvement Area A-1 Projects, Series 2023                     | Mesquite, Texas, Special Assessment Revenue Bonds, Solterra Public Improvement District Improvement Area A-1 Projects, Series 2023                     | CUSIP: 590771AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496539.05    | 0.08%             | 2043-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment | New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1733510.24   | 0.29%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hogback Metropolitan District, Jefferson County, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2021A             | Hogback Metropolitan District, Jefferson County, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2021A             | CUSIP: 434610AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1200553.46   | 0.20%             | 2051-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Atlanta Development Authority, Georgia, Revenue Bonds, Westside Gulch Area Project, Senior Series 2024A-2                                              | Atlanta Development Authority, Georgia, Revenue Bonds, Westside Gulch Area Project, Senior Series 2024A-2                                              | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998712.50    | 0.16%             | 2039-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. Terminal Improvements Project, Series 2024B                     | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. Terminal Improvements Project, Series 2024B                     | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048012.60   | 0.17%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2021A       | Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc., Series 2021A       | CUSIP: 362762QU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $350987.50    | 0.06%             | 2051-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2016A               | Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2016A               | CUSIP: 56042RFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1758132.20   | 0.29%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corporation, Port Facilities Revenue Bonds, Core Natural Resources Inc. Project, Refunding Series 2025                   | Maryland Economic Development Corporation, Port Facilities Revenue Bonds, Core Natural Resources Inc. Project, Refunding Series 2025                   | CUSIP: 57421HAB9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    305000 | PA      | $306649.20    | 0.05%             | 2048-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Development Series 2024A-1                     | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Development Series 2024A-1                     | CUSIP: 64972KCK9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1635802.90   | 0.27%             | 2054-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Glen Cove Local Economic Assistance Corporation, New York, Revenue Bonds, Garvies Point Public Improvement Project, Capital Appreciation Series 2016C  | Glen Cove Local Economic Assistance Corporation, New York, Revenue Bonds, Garvies Point Public Improvement Project, Capital Appreciation Series 2016C  | CUSIP: 377450AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $640423.73    | 0.11%             | 2055-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Director of Nevada State Department of Business and Industry, Revenue Bonds, Brightline West Passenger Rail Project, Series 2025A                      | Director of Nevada State Department of Business and Industry, Revenue Bonds, Brightline West Passenger Rail Project, Series 2025A                      | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2083471.92   | 0.34%             | 2065-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Mida Cormont Public Infrastructure District, Utah, Limited Tax General Obligation Bonds, Series 2025A-2                                                | Mida Cormont Public Infrastructure District, Utah, Limited Tax General Obligation Bonds, Series 2025A-2                                                | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $407091.60    | 0.07%             | 2055-06-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Belmont University, Series 202 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Belmont University, Series 202 | CUSIP: 592029CG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $665437.70    | 0.11%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Charter School Revenue Bonds, North East Carolina Preparatory School Project, Refunding Series 2024A            | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, North East Carolina Preparatory School Project, Refunding Series 2024A            | CUSIP: 744396JY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    390000 | PA      | $366480.89    | 0.06%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 611 Sunstone Phase I and II, Series 2020                                      | Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 611 Sunstone Phase I and II, Series 2020                                      | CUSIP: 51778CAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $363553.67    | 0.06%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District 3, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2022A-1                         | Peak Metropolitan District 3, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2022A-1                         | CUSIP: 70467CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1085678.66   | 0.18%             | 2052-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D                                        | Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Green Bonds, Series 2015D                                        | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    425000 | PA      | $404130.80    | 0.07%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2022A                                  | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2022A                                  | CUSIP: 592250EQ3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $919793.88    | 0.15%             | 2039-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, New Summit Charter Academy Project, Series 2021A                 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, New Summit Charter Academy Project, Series 2021A                 | CUSIP: 19645UHK3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $79683.11     | 0.01%             | 2041-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Florida, Educational Facilities Lease Revenue Bonds, South Tech Schools Project, Series 2020A                                    | Capital Trust Agency, Florida, Educational Facilities Lease Revenue Bonds, South Tech Schools Project, Series 2020A                                    | CUSIP: 14054DAN7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1090864.00   | 0.18%             | 2040-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Refunding Series 2025                 | Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Refunding Series 2025                 | CUSIP: 593237GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1072488.28   | 0.18%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and Special Revenue Bonds, Refunding & Improvement Series 2017       | Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and Special Revenue Bonds, Refunding & Improvement Series 2017       | CUSIP: 75157TAA7<br>LEI: 549300YG458KQEHMQF33 | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3710435.01   | 0.61%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Metropolitan District 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020                                    | Sterling Ranch Metropolitan District 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020                                    | CUSIP: 85950QAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2224827.25   | 0.37%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | CUSIP: 010892AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84227.98     | 0.01%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency, Home Mortgage Program Revenue Bonds, Social Series 2024D                                                          | North Dakota Housing Finance Agency, Home Mortgage Program Revenue Bonds, Social Series 2024D                                                          | CUSIP: 65889BAZ7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1413154.65   | 0.23%             | 2044-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tradition Community Development District 9, Port Saint Lucie, Florida, Special Assessment Bonds, Series 2021                                           | Tradition Community Development District 9, Port Saint Lucie, Florida, Special Assessment Bonds, Series 2021                                           | CUSIP: 89269NAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $392868.51    | 0.06%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, L.P. Project, Series 2010                                                              | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, L.P. Project, Series 2010                                                              | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143532.60   | 0.35%             | 2040-07-01      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Grand Oaks Community Development District, Saint Johns County, Florida, Special Assessment Bonds, Assessment Area 2, Series 2020                       | Grand Oaks Community Development District, Saint Johns County, Florida, Special Assessment Bonds, Assessment Area 2, Series 2020                       | CUSIP: 38611CAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1262360.85   | 0.21%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | CUSIP: 13077DWA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $643901.25    | 0.11%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A                                                | Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A                                                | CUSIP: 05162QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $977397.06    | 0.16%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Medical Center, Series 2024                                                    | Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Medical Center, Series 2024                                                    | CUSIP: 65000B8P6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    955000 | PA      | $966534.39    | 0.16%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pilot Point, Denton, Grayson, and Cooke Counties, Texas, Special Assessment Revenue Bonds, Bryson Ranch Public Improvement District Zone A Improvement | Pilot Point, Denton, Grayson, and Cooke Counties, Texas, Special Assessment Revenue Bonds, Bryson Ranch Public Improvement District Zone A Improvement | CUSIP: 721614BB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $453358.76    | 0.07%             | 2045-09-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Heritage Academy - Gateway and Laveen Pojects, Series 2021B                | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Heritage Academy - Gateway and Laveen Pojects, Series 2021B                | CUSIP: 04052BPA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1021001.99   | 0.17%             | 2051-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2025A                                                                      | Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2025A                                                                      | CUSIP: 4072722S1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    675000 | PA      | $681535.42    | 0.11%             | 2042-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority, Alabama, Solid Waste Disposal Revenue Bonds, AM/NS Calvert LLC Project, Series 2024A                   | Mobile County Industrial Development Authority, Alabama, Solid Waste Disposal Revenue Bonds, AM/NS Calvert LLC Project, Series 2024A                   | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4098866.85   | 0.68%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority, Pennsylvania, Airport Revenue Bonds, Pittsburgh International Airport, Series 2023A                                | Allegheny County Airport Authority, Pennsylvania, Airport Revenue Bonds, Pittsburgh International Airport, Series 2023A                                | CUSIP: 01728LGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $733980.59    | 0.12%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Commonwealth Clawback CVIS Taxable Series 2022                                                                  | Puerto Rico, General Obligation Bonds, Commonwealth Clawback CVIS Taxable Series 2022                                                                  | CUSIP: 74514L4D6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4570000 | PA      | $1508100.00   | 0.25%             | 2051-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Hotel Revenue Bonds, Grand Hyatt San Antonio Hotel Acquisition Project, Subordinate Lien Series 2022B           | Public Finance Authority of Wisconsin, Hotel Revenue Bonds, Grand Hyatt San Antonio Hotel Acquisition Project, Subordinate Lien Series 2022B           | CUSIP: 74447DAJ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1680759.14   | 0.28%             | 2046-02-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series 2025C                                                            | Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series 2025C                                                            | CUSIP: 39081JJS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $586384.02    | 0.10%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2025B                                                               | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2025B                                                               | CUSIP: 5755792A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $879691.44    | 0.15%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Student Housing Revenue Bonds, SPP - Tampa I - LLC The Henry Project, Series 2024A-1                          | Florida Development Finance Corporation, Student Housing Revenue Bonds, SPP - Tampa I - LLC The Henry Project, Series 2024A-1                          | CUSIP: 34062AAD3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    420000 | PA      | $386140.69    | 0.06%             | 2054-06-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1243575.32   | 0.21%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama State University, General Tuition and Fee Revenue Bonds, Series 2025                                                                           | Alabama State University, General Tuition and Fee Revenue Bonds, Series 2025                                                                           | CUSIP: 010632QP5<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |    550000 | PA      | $579022.07    | 0.10%             | 2050-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Multifamily Housing Revenue Bonds, Promenade Apartments Project, Series 2024                                    | Public Finance Authority of Wisconsin, Multifamily Housing Revenue Bonds, Promenade Apartments Project, Series 2024                                    | CUSIP: 74441XHS1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2995068.60   | 0.49%             | 2039-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Development Series 2024B-1-A                   | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Development Series 2024B-1-A                   | CUSIP: 64972KEK7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    975000 | PA      | $931561.70    | 0.15%             | 2054-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facility Revenue Bonds, Penick Village Project First Mortgage Series 2024A                          | North Carolina Medical Care Commission, Retirement Facility Revenue Bonds, Penick Village Project First Mortgage Series 2024A                          | CUSIP: 65820YTP1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    230000 | PA      | $214163.60    | 0.04%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| National Finance Authority, New Hampshire, Special Revenue Bonds, The Chambers Creek Project, Montgomery County, Texas Municipal Utility Districts, Ca | National Finance Authority, New Hampshire, Special Revenue Bonds, The Chambers Creek Project, Montgomery County, Texas Municipal Utility Districts, Ca | CUSIP: 63608TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1151536.14   | 0.19%             | 2032-12-15      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Sterling Ranch Metropolitan District 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020                                    | Sterling Ranch Metropolitan District 1, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020                                    | CUSIP: 85950QAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2075997.48   | 0.34%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project,  | Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project,  | CUSIP: 882667BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $629565.86    | 0.10%             | 2040-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, 615 Waterfront Project, Senior Series 2021             | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, 615 Waterfront Project, Senior Series 2021             | CUSIP: 018444BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $889368.64    | 0.15%             | 2042-05-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2033436.89   | 0.34%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | CUSIP: 010892AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $228702.85    | 0.04%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority, Tax Increment, Revenue Senior Bonds, Miami, Miami World Center Project, Series 2024A                                         | Public Finance Authority, Wisconsin, Tax Increment Revenue Senior Bonds, World Center Project Series 2024A                                             | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973675.80    | 0.16%             | 2041-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic Development and Housing Sustainability Green Series 2024C     | New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic Development and Housing Sustainability Green Series 2024C     | CUSIP: 649870QD7<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    630000 | PA      | $568343.29    | 0.09%             | 2044-12-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fontana, California, Special Tax Bonds, Narra Hills Community Facilities District 109, Refunding Series 2024                                           | Fontana, California, Special Tax Bonds, Narra Hills Community Facilities District 109, Refunding Series 2024                                           | CUSIP: 344630M96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $268171.81    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure T, Series 2025C                              | San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure T, Series 2025C                              | CUSIP: 799561PS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511941.20    | 0.08%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2022A                                  | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2022A                                  | CUSIP: 592250ES9<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $713146.05    | 0.12%             | 2040-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Range Metropolitan District 3, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020A-3                                      | North Range Metropolitan District 3, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020A-3                                      | CUSIP: 66176NAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945876.80   | 0.32%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Series 2014D                                                 | Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Series 2014D                                                 | CUSIP: 93978HYL3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1754912.34   | 0.29%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hobe-Saint Lucie Conservancy District, Florida, Special Assessment Revenue Bonds, Improvement Unit 1A, Series 2024                                     | Hobe-Saint Lucie Conservancy District, Florida, Special Assessment Revenue Bonds, Improvement Unit 1A, Series 2024                                     | CUSIP: 434043AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $426683.83    | 0.07%             | 2031-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Hotel Revenue Bonds, Grand Hyatt San Antonio Hotel Acquisition Project, Senior Lien Series 2022A                | Public Finance Authority of Wisconsin, Hotel Revenue Bonds, Grand Hyatt San Antonio Hotel Acquisition Project, Senior Lien Series 2022A                | CUSIP: 74447DAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1876618.00   | 0.31%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Center City Anaheim, Series 2020A                                  | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Center City Anaheim, Series 2020A                                  | CUSIP: 126292AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6180000 | PA      | $5352716.15   | 0.88%             | 2054-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Chambers County Justice Center Public Facilities Corporation, Texas, Lease Revenue Bonds, Series 2024                                                  | Chambers County Justice Center Public Facilities Corporation, Texas, Lease Revenue Bonds, Series 2024                                                  | CUSIP: 157795BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3833368.86   | 0.63%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A                                                    | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A                                                    | CUSIP: 20775DCM2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1326445.18   | 0.22%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Truman Medical Center, Inc., Pass-Through Certificate Series 20 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Truman Medical Center, Inc., Pass-Through Certificate Series 20 | CUSIP: 60636APU1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $422139.10    | 0.07%             | 2042-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2023A                                                       | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2023A                                                       | CUSIP: 167505ZC3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5016571.49   | 0.83%             | 2036-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, Cornerstone Charter Academy Series 2024                                     | Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, Cornerstone Charter Academy Series 2024                                     | CUSIP: 74443DKY6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    455000 | PA      | $415022.52    | 0.07%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | CUSIP: 850001CG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $581983.16    | 0.10%             | 2045-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Development First Lien Revenue Bonds, Montanero Project, Alternative Minimum Tax Series 2025                 | Arizona Industrial Development Authority, Development First Lien Revenue Bonds, Montanero Project, Alternative Minimum Tax Series 2025                 | CUSIP: 04052LAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1617850.81   | 0.27%             | 2055-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Michigan Housing Development Authority, Rental Housing Revenue Bonds, Series 2023A                                                                     | Michigan Housing Development Authority, Rental Housing Revenue Bonds, Series 2023A                                                                     | CUSIP: 59465PEK0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2213127.15   | 0.37%             | 2053-10-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Refunding Series 2020          | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Refunding Series 2020          | CUSIP: 72177MTM9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   6800000 | PA      | $4760000.00   | 0.79%             | 2040-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series 2025C                                                            | Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Senior Lien Series 2025C                                                            | CUSIP: 39081JJR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1129282.55   | 0.19%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARE NEW ENGLAND HEALTH                                                                                                                                | Care New England Health System                                                                                                                         | CUSIP: 14165LAA3<br>LEI: 549300CCZ1FS5FFD4O51 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2730531.65   | 0.45%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Pollution Control Revenue Bonds, Duke Energy Progress Project, Refunding Series 2022B                           | Public Finance Authority of Wisconsin, Pollution Control Revenue Bonds, Duke Energy Progress Project, Refunding Series 2022B                           | CUSIP: 74447HAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016867.70   | 0.17%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2025A                                           | Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2025A                                           | CUSIP: 45204FM51<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    920000 | PA      | $946472.26    | 0.16%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peralta Community College District, Alameda County, California, General Obligation, Refunding Series 2025                                              | Peralta Community College District, Alameda County, California, General Obligation, Refunding Series 2025                                              | CUSIP: 713575ZN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $830385.07    | 0.14%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Clawback Highway Transportation Authority Claims Taxable Series 2022                                            | Puerto Rico, General Obligation Bonds, Clawback Highway Transportation Authority Claims Taxable Series 2022                                            | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   9014471 | PA      | $5690384.74   | 0.94%             | 2051-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District, Haines City, Florida, Special Assessment Revenue Bonds, Area1 Project, Series 2020                     | Hammock Reserve Community Development District, Haines City, Florida, Special Assessment Revenue Bonds, Area1 Project, Series 2020                     | CUSIP: 408348AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $794312.60    | 0.13%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2025A                                    | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2025A                                    | CUSIP: 19648FZK3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    765000 | PA      | $730059.16    | 0.12%             | 2055-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 4, Series 2022B-1                                                         | Southeast Energy Authority, Alabama, Commodity Supply Revenue Bonds, Project 4, Series 2022B-1                                                         | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20679938.00  | 3.41%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Florida, Solid Waste Disposal Revenue Bonds, Waste Pro USA, Inc. Project, Series 2023                         | Florida Development Finance Corporation, Florida, Solid Waste Disposal Revenue Bonds, Waste Pro USA, Inc. Project, Series 2023                         | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2477576.22   | 0.41%             | 2032-07-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Nordic Village Public Infrastructure District 1, Weber County, Utah, Limited Tax General Obligation and Special Revenue Bonds, Series 2025             | Nordic Village Public Infrastructure District 1, Weber County, Utah, Limited Tax General Obligation and Special Revenue Bonds, Series 2025             | CUSIP: 65563BAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4978896.00   | 0.82%             | 2055-03-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | CUSIP: 13077DVX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $481573.53    | 0.08%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority, Educational Facilities Revenue Bonds, Depauw University Project, Series 2019                                                | Indiana Finance Authority, Educational Facilities Revenue Bonds, Depauw University Project, Series 2019                                                | CUSIP: 45506D3V5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1204524.43   | 0.20%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Refunding Second Lien Serie | STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Refunding Second Lien Serie | CUSIP: 85780TBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $514231.83    | 0.08%             | 2055-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2021A                                                       | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2021A                                                       | CUSIP: 167505XK7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026663.40   | 0.33%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District, Alabama, Gas Project Revenue Bonds, Series 2025A                                                                       | Black Belt Energy Gas District, Alabama, Gas Project Revenue Bonds, Series 2025A                                                                       | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018484.00   | 0.17%             | 2056-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | CUSIP: 13077DWC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $708426.93    | 0.12%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport, Joint Revenue Bonds, Refunding Series 2023C                                                                   | Dallas Fort Worth International Airport, Texas, Joint Revenue Bonds Refunding Series 2023C                                                             | CUSIP: 23503CDH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $345288.01    | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State, General Obligation Bonds, May Series 2020                                                                                              | Illinois State, General Obligation Bonds, May Series 2020                                                                                              | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3315002.31   | 0.55%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority, Tourism Development Financing Program Revenue Bonds, Virginia Beach Oceanfront South Hotel Project, Senio | Virginia Small Business Financing Authority, Tourism Development Financing Program Revenue Bonds, Virginia Beach Oceanfront South Hotel Project, Senio | CUSIP: 928098AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $938971.74    | 0.16%             | 2043-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Buda, Texas, Special Assessment Revenue Bonds, Persimmon Public improvement District Improvement Area 1 Project, Series 2025                           | Buda, Texas, Special Assessment Revenue Bonds, Persimmon Public improvement District Improvement Area 1 Project, Series 2025                           | CUSIP: 118829AB6<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |    325000 | PA      | $308585.94    | 0.05%             | 2045-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Mobile County, Alabama, Limited Obligation Warrants, Gomesa Projects, Series 2020                                                                      | Mobile County, Alabama, Limited Obligation Warrants, Gomesa Projects, Series 2020                                                                      | CUSIP: 607341AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4515000 | PA      | $3770730.69   | 0.62%             | 2045-11-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| HTA CL 6 TR CTFS CL L-2028 UNITS                                                                                                                       | Puerto Rico Highway and Transportation Authority Highway Revenue Bonds Series 2022                                                                     | CUSIP: 40440SAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    409281 | PA      | $409374.73    | 0.07%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hope Community Academy Project, Series 2020A              | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Hope Community Academy Project, Series 2020A              | CUSIP: 852297DE7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $795167.44    | 0.13%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020C-1                                            | Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020C-1                                            | CUSIP: 12008KAG7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1141520.20   | 0.19%             | 2040-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Expansion & Improvement Projects Series 2020          | Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Expansion & Improvement Projects Series 2020          | CUSIP: 79165TUB5<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025275.20   | 0.17%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broadway Park North Metropolitan District 2, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020               | Broadway Park North Metropolitan District 2, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020               | CUSIP: 111561AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $458809.90    | 0.08%             | 2040-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corporation, Virgin Islands, Grant Anticipation Revenue Bonds, Federal Highway Grant Anticipation Reven | Virgin Islands Transportation & Infrastructure Corporation, Virgin Islands, Grant Anticipation Revenue Bonds, Federal Highway Grant Anticipation Reven | CUSIP: 927686AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761034.83    | 0.13%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Brooks Academies, Series 2021A                                         | Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Brooks Academies, Series 2021A                                         | CUSIP: 041806F96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $407455.15    | 0.07%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verk Industrial Regional Public Infrastructure District, Utah, Tax Differential Revenue Bonds, Series 2025                                             | Verk Industrial Regional Public Infrastructure District, Utah, Tax Differential Revenue Bonds, Series 2025                                             | CUSIP: 92348YAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1710144.92   | 0.28%             | 2047-09-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Sulphur Springs Union School District, California, Special Tax Bonds, Community Facilities District 2019-1, Series 2024A                               | Sulphur Springs Union School District, California, Special Tax Bonds, Community Facilities District 2019-1, Series 2024A                               | CUSIP: 865483JG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1147941.12   | 0.19%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport, Kentucky, Special Obligation Revenue Bonds, Newport Clifton Project, Series 2020B                                                             | Newport, Kentucky, Special Obligation Revenue Bonds, Newport Clifton Project, Series 2020B                                                             | CUSIP: 65206PAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $786452.44    | 0.13%             | 2060-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |        64 | PA      | $61.09        | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2023A                                                       | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2023A                                                       | CUSIP: 167505YZ3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4565000 | PA      | $4713872.87   | 0.78%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority, Aurora, Colorado, Limited Tax Supported Revenue Bonds, Series 2021A-1                                            | Windler Public Improvement Authority, Aurora, Colorado, Limited Tax Supported Revenue Bonds, Series 2021A-1                                            | CUSIP: 973405AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1462472.00   | 0.24%             | 2051-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Port Beaumont Industrial Development Authority, Texas, Facility Revenue Bonds, Jefferson Gulf Coast Energy Project, Series 2021B                       | Port Beaumont Industrial Development Authority, Texas, Facility Revenue Bonds, Jefferson Gulf Coast Energy Project, Series 2021B                       | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8845000 | PA      | $7822137.67   | 1.29%             | 2028-01-01      | Fixed         | 4.10%                 | Yes           |                  2 | On Loan: No      |
| Future Legends Sports Park Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A                                       | Future Legends Sports Park Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A                                       | CUSIP: 36117QAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1495957.23   | 0.25%             | 2050-06-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Velocity Metropolitan District 5, In the City of Aurora, Colorado, Limited Tax General Obligation Bonds, Convertible Capital Appreciation Series 2020A | Velocity Metropolitan District 5, In the City of Aurora, Colorado, Limited Tax General Obligation Bonds, Convertible Capital Appreciation Series 2020A | CUSIP: 92259JAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4170014.00   | 0.69%             | 2050-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District 5, Parker, Colorado, Special Assessment Revenue Bonds, Special Improvement District 2, Series 2024                    | Hess Ranch Metropolitan District 5, Parker, Colorado, Special Assessment Revenue Bonds, Special Improvement District 2, Series 2024                    | CUSIP: 428111AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $796600.45    | 0.13%             | 2044-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| West Globeville Metropolitan District 1, Denver, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Series 2024               | West Globeville Metropolitan District 1, Denver, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Series 2024               | CUSIP: 95286AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $592342.00    | 0.10%             | 2044-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Kinston Metropolitan District 5, Loveland, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2020A                                | Kinston Metropolitan District 5, Loveland, Larimer County, Colorado, Limited Tax General Obligation Bonds, Series 2020A                                | CUSIP: 49717MAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889366.70    | 0.15%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District 1, Jefferson County and the City and County of Broomfield, Colorado, General Obligation Bonds, Refunding and Improvement L | Verve Metropolitan District 1, Jefferson County and the City and County of Broomfield, Colorado, General Obligation Bonds, Refunding and Improvement L | CUSIP: 92538YAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1250738.85   | 0.21%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Series 2025A                              | Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Series 2025A                              | CUSIP: 340618DZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  15750000 | PA      | $13387589.78  | 2.21%             | 2057-07-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| V-Dana Community Development District, Lee County, Florida, Special Assessment Bonds, Area 2 - 2025 Project, Series 2025                               | V-Dana Community Development District, Lee County, Florida, Special Assessment Bonds, Area 2 - 2025 Project, Series 2025                               | CUSIP: 91822RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $237512.88    | 0.04%             | 2045-05-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Black Belt Energy Gas District, Alabama, Gas Project Revenue Bonds, Series 2023A                                                                       | Black Belt Energy Gas District, Alabama, Gas Project Revenue Bonds, Series 2023A                                                                       | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5292929.00   | 0.87%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montgomery County, Ohio, Health Care Facilities Revenue Bonds, Solvita Project Refunding and Improvement Series 2024                                   | Montgomery County, Ohio, Health Care Facilities Revenue Bonds, Solvita Project Refunding and Improvement Series 2024                                   | CUSIP: 613518DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490323.85    | 0.08%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Three Rivers Community Development District, Florida, Special Assessment Revenue Bonds, South Assessment Area Series 2021B                             | Three Rivers Community Development District, Florida, Special Assessment Revenue Bonds, South Assessment Area Series 2021B                             | CUSIP: 88563MAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $298121.36    | 0.05%             | 2036-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority, Ohio, Development Revenue Bonds, Dayton Regional Stem Schools Inc. Project, Series 2024                       | Dayton-Montgomery County Port Authority, Ohio, Development Revenue Bonds, Dayton Regional Stem Schools Inc. Project, Series 2024                       | CUSIP: 23981MBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $365288.72    | 0.06%             | 2060-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Heritage Academy - Gateway and Laveen Pojects, Taxable Series 2021A        | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Heritage Academy - Gateway and Laveen Pojects, Taxable Series 2021A        | CUSIP: 04052BNZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7650000 | PA      | $6298923.56   | 1.04%             | 2051-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2023A                | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2023A                | CUSIP: 34061UMB1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041132.10   | 0.17%             | 2043-06-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Arkansas Development Finance Authority, Arkansas, Environmental Improvement Revenue Bonds, United States Steel Corporation, Green Series 2022          | Arkansas Development Finance Authority, Arkansas, Environmental Improvement Revenue Bonds, United States Steel Corporation, Green Series 2022          | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4400374.95   | 0.73%             | 2052-09-01      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B                               | Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest Systems, Inc. Project, Series 2016B                               | CUSIP: 267045GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7630000 | PA      | $7721807.98   | 1.28%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2016B-1                                                          | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2016B-1                                                          | CUSIP: 20775CEL4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1197599.94   | 0.20%             | 2031-11-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Citadel on Colfax Business Improvement District, Aurora, Colorado, Special Revenue and Tax Supported Bonds, Senior Series 2020A                        | Citadel on Colfax Business Improvement District, Aurora, Colorado, Special Revenue and Tax Supported Bonds, Senior Series 2020A                        | CUSIP: 17288AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1300620.71   | 0.21%             | 2050-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Dormitory Authority of the State of New York, Revenue Bonds, White Plains Hospital, Series 2024                                                        | Dormitory Authority of the State of New York, Revenue Bonds, White Plains Hospital, Series 2024                                                        | CUSIP: 65000B7X0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    450000 | PA      | $446234.27    | 0.07%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority, Pennsylvania, Revenue Bonds, Provident Group -Lehigh Valley International Airport Hotel Project Second | Lehigh County Industrial Development Authority, Pennsylvania, Revenue Bonds, Provident Group -Lehigh Valley International Airport Hotel Project Second | CUSIP: 52480PAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $978788.36    | 0.16%             | 2065-01-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                                                                                                                                    | Toledo Hospital/The                                                                                                                                    | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   4363000 | PA      | $4364918.02   | 0.72%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Crowfoot Valley Ranch Metropolitan District No. 2,  Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding Subordinate Series 2024B | Crowfoot Valley Ranch Metropolitan District No. 2,  Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding Subordinate Series 2024B | CUSIP: 22802CAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478199.85    | 0.08%             | 2054-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2025A                                          | Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2025A                                          | CUSIP: 64985SDJ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    850000 | PA      | $918698.02    | 0.15%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Director of Nevada State Department of Business & Industry, Environmental Improvement Revenue Bonds, Fulcrum Sierra BioFuels LLC Project, Green Series | Director of Nevada State Department of Business & Industry, Environmental Improvement Revenue Bonds, Fulcrum Sierra BioFuels LLC Project, Green Series | CUSIP: 25461PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1832349 | PA      | $18.32        | 0.00%             | 2038-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| KDC Agribusiness Fairless Hills LLC                                                                                                                    | KDC Agribusiness Fairless Hills LLC                                                                                                                    | CUSIP: 48244KAA8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    128676 | PA      | $12.87        | 0.00%             | 2025-09-17      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| San Francisco Unified School District, California, General Obligation Bonds, 2024 Election Series 2025A                                                | San Francisco Unified School District, California, General Obligation Bonds, 2024 Election Series 2025A                                                | CUSIP: 79771TRN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $577331.50    | 0.10%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Global Village Academy - Northglenn Project, Series 2020                        | Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Global Village Academy - Northglenn Project, Series 2020                        | CUSIP: 19645UER1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848981.00    | 0.14%             | 2050-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Colorado Educational and Cultural Facilities Authority, Cultural Facilities Revenue Bonds, Stanley Project, Taxable Senior Lien Series 2025A-2         | Colorado Educational and Cultural Facilities Authority, Cultural Facilities Revenue Bonds, Stanley Project, Taxable Senior Lien Series 2025A-2         | CUSIP: 19645UTT1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2495472.00   | 0.41%             | 2045-02-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | CUSIP: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1140881.98   | 0.19%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Medical Center, Series 2024                                                    | Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Medical Center, Series 2024                                                    | CUSIP: 65000B8Q4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    770000 | PA      | $774224.91    | 0.13%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Two Lakes Community Development District, Hialeah, Florida, Special Assessment Bonds, Series 2024                                                      | Two Lakes Community Development District, Hialeah, Florida, Special Assessment Bonds, Series 2024                                                      | CUSIP: 90207EAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244688.83    | 0.04%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, AEP Texas Central Company Project, Remarketing, Series 2008-1          | Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, AEP Texas Central Company Project, Remarketing, Series 2008-1          | CUSIP: 576528DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500476.85   | 0.25%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pilot Point, Denton, Grayson, and Cooke Counties, Texas, Special Assessment Revenue Bonds, Bryson Ranch Public Improvement District Zone A Improvement | Pilot Point, Denton, Grayson, and Cooke Counties, Texas, Special Assessment Revenue Bonds, Bryson Ranch Public Improvement District Zone A Improvement | CUSIP: 721614BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186058.37    | 0.03%             | 2055-09-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority, Florida, Special Purpose Airport Facilities Revenue Bonds, JetBlue Airways Corporation, Series 2013                | Greater Orlando Aviation Authority, Florida, Special Purpose Airport Facilities Revenue Bonds, JetBlue Airways Corporation, Series 2013                | CUSIP: 392274F84<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499994.50   | 0.41%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    839085 | PA      | $731891.30    | 0.12%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Convertible Capital Appreciation S | Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Convertible Capital Appreciation S | CUSIP: 89386FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $771654.70    | 0.13%             | 2051-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Woodbury, Minnesota, Charter School Lease Revenue Bonds, Math and Science Academy, Refunding Series 2025                                               | Woodbury, Minnesota, Charter School Lease Revenue Bonds, Math and Science Academy, Refunding Series 2025                                               | CUSIP: 979134AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $481546.44    | 0.08%             | 2055-06-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Tech Ridge Public Infrastructure District, St. George, Washington County, Utah, Special Assessment and Tax Increment Bonds, Tech Ridge Assessment Area | Tech Ridge Public Infrastructure District, St. George, Washington County, Utah, Special Assessment and Tax Increment Bonds, Tech Ridge Assessment Area | CUSIP: 878296AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1401918.84   | 0.23%             | 2054-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series 2024                                                           | Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series 2024                                                           | CUSIP: 008051AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484412.85    | 0.08%             | 2054-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Mountain Sky Metropolitan District, Fort Lupton, Weld County, Colorado, Limited Tax General Obligation Bonds, Series 2020A                             | Mountain Sky Metropolitan District, Fort Lupton, Weld County, Colorado, Limited Tax General Obligation Bonds, Series 2020A                             | CUSIP: 62427HAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $430300.99    | 0.07%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | CUSIP: 650116GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $406737.78    | 0.07%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Education Revenue Bonds, Bonnie Cone Classical Academy, Series 2024                                             | Public Finance Authority of Wisconsin, Education Revenue Bonds, Bonnie Cone Classical Academy, Series 2024                                             | CUSIP: 74442ELZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2012448.88   | 0.33%             | 2049-06-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University, Series  | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University, Series  | CUSIP: 592041ZX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2871411.33   | 0.47%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Community College District, California, General Obligation Bonds, Taxable Election 2020 Series 2020A-1                                   | San Francisco Community College District, California, General Obligation Bonds, Taxable Election 2020 Series 2020A-1                                   | CUSIP: 797683HU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $585071.03    | 0.10%             | 2041-06-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University, Series  | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University, Series  | CUSIP: 592041ZY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2905000 | PA      | $3177614.79   | 0.52%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Hospital Finance Authority, Hospital Revenue Bonds, Corewell Health, Series 2025A                                                             | Michigan Hospital Finance Authority, Hospital Revenue Bonds, Corewell Health, Series 2025A                                                             | CUSIP: 59465HXA9<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1132362.88   | 0.19%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reagan Ranch Metropolitan District 1, Colorado Springs, Colorado, General Obligation Bonds, Limited Tax & Special Revenue, Series 2025                 | Reagan Ranch Metropolitan District 1, Colorado Springs, Colorado, General Obligation Bonds, Limited Tax & Special Revenue, Series 2025                 | CUSIP: 755809AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939138.20    | 0.16%             | 2054-12-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | CUSIP: 162409AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $429845.23    | 0.07%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission, Social Municipal Certificates Multifamily Revenue Bonds, Series 2023-1 Class A                            | Washington State Housing Finance Commission, Social Municipal Certificates Multifamily Revenue Bonds, Series 2023-1 Class A                            | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   5593012 | PA      | $5068902.94   | 0.84%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A                  | Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A                  | CUSIP: 26444CHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $855393.70    | 0.14%             | 2048-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wichita, Kansas, Health Care Facilities Revenue Bonds, Presbyterian Manors, Series 2024VIII                                                            | Wichita, Kansas, Health Care Facilities Revenue Bonds, Presbyterian Manors, Series 2024VIII                                                            | CUSIP: 967249RM7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |    500000 | PA      | $464038.90    | 0.08%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank, Indiana, Revenue Bonds, Convention Center Hotel Senior Series 2023E                                   | Indianapolis Local Public Improvement Bond Bank, Indiana, Revenue Bonds, Convention Center Hotel Senior Series 2023E                                   | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    680000 | PA      | $693825.62    | 0.11%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | CUSIP: 162409AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2233894.98   | 0.37%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Peralta Community College District, Alameda County, California, General Obligation, Election of 2018 , Series 2025C-1                                  | Peralta Community College District, Alameda County, California, General Obligation, Election of 2018 , Series 2025C-1                                  | CUSIP: 713575YY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2564672.25   | 0.42%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aviation Station North Metropolitan District 2, Denver County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2019A    | Aviation Station North Metropolitan District 2, Denver County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2019A    | CUSIP: 05369KAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    499000 | PA      | $493628.71    | 0.08%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BENLOCH RANCH IMPROV                                                                                                                                   | Benloch Ranch Improvement Association No 1                                                                                                             | CUSIP: 082148AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    477476 | PA      | $414821.44    | 0.07%             | 2039-12-01      | Fixed         | 9.75%                 | Yes           |                  3 | On Loan: No      |
| Falcon Area Water and Wastewater Authority (El Paso County, Colorado), Tap Fee Revenue Bonds, Series 2022A                                             | Falcon Area Water and Wastewater Authority (El Paso County, Colorado), Tap Fee Revenue Bonds, Series 2022A                                             | CUSIP: 30607HAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3888421.20   | 0.64%             | 2034-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Mission Economic Development Corporation, Texas, Solid Waste Disposal Revenue Bonds, Graphic Packaging International, LLC Project, Green Series 2025   | Mission Economic Development Corporation, Texas, Solid Waste Disposal Revenue Bonds, Graphic Packaging International, LLC Project, Green Series 2025   | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $274342.14    | 0.05%             | 2064-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lanterns Metropolitan District 3, Douglas County, Colorado, General Obligation Bonds, Limited Tax Convertible Capital Appreciation Series 2023A-2      | Lanterns Metropolitan District 3, Douglas County, Colorado, General Obligation Bonds, Limited Tax Convertible Capital Appreciation Series 2023A-2      | CUSIP: 51654GAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $815805.42    | 0.13%             | 2053-12-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority, Healthcare Revenue Bonds, Beaufort Memorial Hospital & South of Broad Healthcare Project, Series 2 | South Carolina Jobs-Economic Development Authority, Healthcare Revenue Bonds, Beaufort Memorial Hospital & South of Broad Healthcare Project, Series 2 | CUSIP: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243950.03    | 0.04%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | CUSIP: 735371SC1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1402200.86   | 0.23%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Social Series 2024A                               | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Social Series 2024A                               | CUSIP: 67756Q6V4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    625000 | PA      | $575773.88    | 0.10%             | 2054-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Idaho Housing and Finance Association, Single Family Mortgage Revenue Bonds, Series 2024A                                                              | Idaho Housing and Finance Association, Single Family Mortgage Revenue Bonds, Series 2024A                                                              | CUSIP: 45129Y5F9<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    623000 | PA      | $587628.93    | 0.10%             | 2039-01-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2024-145A                                                     | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2024-145A                                                     | CUSIP: 70879QWL3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2434379.54   | 0.40%             | 2049-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | CUSIP: 162409AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $503771.15    | 0.08%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Refunding Series 2024B                                            | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Refunding Series 2024B                                            | CUSIP: 59261A5Q6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1066251.52   | 0.18%             | 2044-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Ottawa University Projects, Series 2020               | Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Ottawa University Projects, Series 2020               | CUSIP: 56678RAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848266.30    | 0.14%             | 2040-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | CUSIP: 010892AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $90472.28     | 0.01%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Core Natural Resources, INC Project, AMT Series 2025      | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Core Natural Resources, INC Project, AMT Series 2025      | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    700000 | PA      | $682632.58    | 0.11%             | 2055-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| City of Midlothian, Westside Preserve Public Improvement District Improvement Area #1 Project, Special Assessment Revenue Bonds, Series 2022           | City of Midlothian, Texas, Westside Preserve Public Improvement District Improvement Area #1 Project Special Assessment Revenue Bonds Series 2022      | CUSIP: 59785RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225392.51    | 0.04%             | 2032-09-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | Port of Seattle, Washington, General Obligation Bonds, Limited Tax Series, Refunding  2024A                                                            | CUSIP: 735371SE7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    940000 | PA      | $945620.17    | 0.16%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red Bridge Public Infrastructure District 1, Utah, Limited Tax General Obligation Bonds, Series 2021A                                                  | Red Bridge Public Infrastructure District 1, Utah, Limited Tax General Obligation Bonds, Series 2021A                                                  | CUSIP: 756423AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $402701.15    | 0.07%             | 2041-02-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Langley South Community Development District, Florida, Special Assessment Revenue Bonds, Mascotte Assessment Area One Series 2024                      | Langley South Community Development District, Florida, Special Assessment Revenue Bonds, Mascotte Assessment Area One Series 2024                      | CUSIP: 515816AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1344828.60   | 0.22%             | 2055-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Hotel Revenue Bonds, Grand Hyatt San Antonio Hotel Acquisition Project, Subordinate Lien Series 2022B           | Public Finance Authority of Wisconsin, Hotel Revenue Bonds, Grand Hyatt San Antonio Hotel Acquisition Project, Subordinate Lien Series 2022B           | CUSIP: 74447DAG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027513.00   | 0.33%             | 2062-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Revenue Bonds, Triad Educational Services, Inc. Math & Science Academy, Series 2025                             | Public Finance Authority of Wisconsin, Revenue Bonds, Triad Educational Services, Inc. Math & Science Academy, Series 2025                             | CUSIP: 74442EMT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    510000 | PA      | $478133.36    | 0.08%             | 2065-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority, Charter School Revenue Bonds, Paradigm High School Project, Series 2020A                                        | Utah Charter School Finance Authority, Charter School Revenue Bonds, Paradigm High School Project, Series 2020A                                        | CUSIP: 91754TG72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $748556.33    | 0.12%             | 2051-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority, Revenue Bonds, University of Pittsburgh Medical Center, Series 2017A                            | Pennsylvania Economic Development Financing Authority, Revenue Bonds, University of Pittsburgh Medical Center, Series 2017A                            | CUSIP: 70870JAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $1811210.74   | 0.30%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lanterns Metropolitan District 3, Douglas County, Colorado, General Obligation Bonds, Limited Tax Series 2023A-1                                       | Lanterns Metropolitan District 3, Douglas County, Colorado, General Obligation Bonds, Limited Tax Series 2023A-1                                       | CUSIP: 51654GAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $570006.58    | 0.09%             | 2053-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series 2024                                                           | Aerotropolis Regional Transportation Authority, Colorado, Special Revenue Bonds, Series 2024                                                           | CUSIP: 008051AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958850.30    | 0.16%             | 2044-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | CUSIP: 850001CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $382342.82    | 0.06%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority, Educational Facilities Revenue Bonds, Columbia College, Refunding Series 2020A                     | South Carolina Jobs-Economic Development Authority, Educational Facilities Revenue Bonds, Columbia College, Refunding Series 2020A                     | CUSIP: 83704MBG0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910403.80    | 0.15%             | 2040-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc. Project, Series 2015                                          | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc. Project, Series 2015                                          | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3841689.94   | 0.63%             | 2045-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018                                                                       | Puerto Rico, GDB Debt Recovery Authority Commonwealth Bonds, Taxable Series 2018                                                                       | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11292681 | PA      | $10859691.38  | 1.79%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Social Series 2024C                                                        | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Social Series 2024C                                                        | CUSIP: 63968M5R6<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   4665000 | PA      | $4399574.10   | 0.73%             | 2049-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority, Senior Single Family Mortgage Revenue Bonds, Series 2024B                                                            | Delaware State Housing Authority, Senior Single Family Mortgage Revenue Bonds, Series 2024B                                                            | CUSIP: 246395B97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $898934.43    | 0.15%             | 2054-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Development Series 2024A-1                     | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Development Series 2024A-1                     | CUSIP: 64972KCJ2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944773.50    | 0.16%             | 2049-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A  | New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A  | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499917.25   | 0.41%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodmen Heights Metropolitan District 2, El Paso County, Colorado, General Obligation Limited Tax Bonds, Taxable Converting to Tax-Exempt Refunding Su | Woodmen Heights Metropolitan District 2, El Paso County, Colorado, General Obligation Limited Tax Bonds, Taxable Converting to Tax-Exempt Refunding Su | CUSIP: 979841AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    937000 | PA      | $909393.92    | 0.15%             | 2040-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2025A                                                                      | Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2025A                                                                      | CUSIP: 4072722T9<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1273539.24   | 0.21%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alabama State University, General Tuition and Fee Revenue Bonds, Series 2025                                                                           | Alabama State University, General Tuition and Fee Revenue Bonds, Series 2025                                                                           | CUSIP: 010632QN0<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523950.45    | 0.09%             | 2045-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic Development and Housing Sustainability Green Series 2024C     | New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic Development and Housing Sustainability Green Series 2024C     | CUSIP: 649870QC9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    450000 | PA      | $420190.38    | 0.07%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Edgewater West Community Development District, Osceola County, Florida, Special Assessment Revenue Bonds, Assessment Area One Series 2024              | Edgewater West Community Development District, Osceola County, Florida, Special Assessment Revenue Bonds, Assessment Area One Series 2024              | CUSIP: 28035BAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $218180.71    | 0.04%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $882870.90    | 0.15%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority, Wisconsin, Revenue Bonds, Two Step Project, Series 2024                                                                      | Public Finance Authority, Wisconsin, Revenue Bonds, Two Step Project, Series 2024                                                                      | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $284835.80    | 0.05%             | 2034-12-15      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Revenue Bonds, Sky Harbour LLC Obligated Group Aviation Facilities Project, Series 2021                         | Public Finance Authority of Wisconsin, Revenue Bonds, Sky Harbour LLC Obligated Group Aviation Facilities Project, Series 2021                         | CUSIP: 74446DAJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $384916.90    | 0.06%             | 2054-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2024G                                                | California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2024G                                                | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1510355.62   | 0.25%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Princeton, Texas, Special Assessment Revenue Bonds, Winchester Crossing Public Improvement District 3 Project, Series 2024                             | Princeton, Texas, Special Assessment Revenue Bonds, Winchester Crossing Public Improvement District 3 Project, Series 2024                             | CUSIP: 742400CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $142127.03    | 0.02%             | 2044-09-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| California Public Finance Authority, Senior Living Revenue Bonds, The James, Senior Series 2024A                                                       | California Public Finance Authority, Senior Living Revenue Bonds, The James, Senior Series 2024A                                                       | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1835071.40   | 0.30%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Refunding Project, Series 2017             | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Refunding Project, Series 2017             | CUSIP: 018444AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2900492.40   | 0.48%             | 2042-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| National Finance Authority, New Hampshire, Special Revenue Bonds, Bridgeland Water & Utility Districts 418,489,492,493,157 & 159, Series 2025          | National Finance Authority, New Hampshire, Special Revenue Bonds, Bridgeland Water & Utility Districts 418,489,492,493,157 & 159, Series 2025          | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6219551.70   | 1.03%             | 2033-12-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Economic Development Authority, New Jersey, Dock and Wharf Facility Revenue Bonds, Repauno Port & Rail Terminal Project, Series 2025        | New Jersey Economic Development Authority, New Jersey, Dock and Wharf Facility Revenue Bonds, Repauno Port & Rail Terminal Project, Series 2025        | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    650000 | PA      | $660584.15    | 0.11%             | 2035-01-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Galveston, Texas, Wharves and Terminal First Lien Revenue Bonds, Series 2023                                                                           | Galveston, Texas, Wharves and Terminal First Lien Revenue Bonds, Series 2023                                                                           | CUSIP: 364568JL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $600790.43    | 0.10%             | 2043-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority, Michigan, Sewer Disposal System Revenue Bonds, Second Lien Series 2025C                                                   | Great Lakes Water Authority, Michigan, Sewer Disposal System Revenue Bonds, Second Lien Series 2025C                                                   | CUSIP: 39081HHP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $532750.28    | 0.09%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District 15, Florida, Special Assessment Revenue Bonds, Series 2024                                                      | Village Community Development District 15, Florida, Special Assessment Revenue Bonds, Series 2024                                                      | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $722961.77    | 0.12%             | 2055-05-01      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Dauphin County General Authority, Pennsylvania, Revenue Bonds, Harrisburg University of Science & Technology Project, Series 2020                      | Dauphin County General Authority, Pennsylvania, Revenue Bonds, Harrisburg University of Science & Technology Project, Series 2020                      | CUSIP: 23825JAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1447928.80   | 0.24%             | 2053-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc. Project, Series 2012                                                  | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc. Project, Series 2012                                                  | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2335523.75   | 0.39%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transpiration Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Refunding Series 2023   | Texas Private Activity Bond Surface Transpiration Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Refunding Series 2023   | CUSIP: 882667CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $474616.20    | 0.08%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Montgomery County, Ohio, Health Care Facilities Revenue Bonds, Solvita Project Refunding and Improvement Series 2024                                   | Montgomery County, Ohio, Health Care Facilities Revenue Bonds, Solvita Project Refunding and Improvement Series 2024                                   | CUSIP: 613518DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $396133.44    | 0.07%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Abilene Convention Center Hotel Development Corporation, Texas, Hotel Revenue Bonds, Second-Lien Series 2021B                                          | Abilene Convention Center Hotel Development Corporation, Texas, Hotel Revenue Bonds, Second-Lien Series 2021B                                          | CUSIP: 00344PAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $413777.15    | 0.07%             | 2050-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Northstar Community Services District, Calfornia, Special Tax Bonds, Community Facilities District 1, Series 2006                                      | Northstar Community Services District, California, California Special Tax Bonds Community Facilities District 1 Series 2006                            | CUSIP: 66704PBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985432 | PA      | $266066.61    | 0.04%             | 2037-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Bell County, Kentucky, Special Assessment Industrial Building Revenue Bonds, Boone's Ridge Project, Series 2020                                        | Bell County, Kentucky, Special Assessment Industrial Building Revenue Bonds, Boone's Ridge Project, Series 2020                                        | CUSIP: 078021AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2443829.04   | 0.40%             | 2040-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                                                                                 | US LONG BOND(CBT) Sep25                                                                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -519 | NC      | $-59263312.50 | -9.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2025A                                    | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2025A                                    | CUSIP: 19648FZJ6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    955000 | PA      | $918493.12    | 0.15%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transpiration Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Refunding Series 2023   | Texas Private Activity Bond Surface Transpiration Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Refunding Series 2023   | CUSIP: 882667CG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $491115.23    | 0.08%             | 2038-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Marble Falls, Burnet County, Texas, Special Assessment Revenue Bonds, Thunder Rock Public Improvement District Improvement Area 1 Project, Series 2021 | Marble Falls, Burnet County, Texas, Special Assessment Revenue Bonds, Thunder Rock Public Improvement District Improvement Area 1 Project, Series 2021 | CUSIP: 566035AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $420519.10    | 0.07%             | 2041-09-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2417983.85   | 0.40%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Synergy Public Charter School Project, Series 2020-1          | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Synergy Public Charter School Project, Series 2020-1          | CUSIP: 72177MTH0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   4545000 | PA      | $3767464.58   | 0.62%             | 2050-06-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Miami-Dade County, Florida, Seaport Revenue Bonds, Refunding Series 2022A                                                                              | Miami-Dade County, Florida, Seaport Revenue Bonds, Refunding Series 2022A                                                                              | CUSIP: 59335KFB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $863849.97    | 0.14%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | CUSIP: 13077DVY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $496880.68    | 0.08%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southfield Public Schools, County Of Oakland, State Of Michigan, General Obligation Bonds, School Building and Site Series 2025                        | Southfield Public Schools, County Of Oakland, State Of Michigan, General Obligation Bonds, School Building and Site Series 2025                        | CUSIP: 844215SQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1173356.39   | 0.19%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City and County, California, Multifamily Housing Revenue Bonds, Sunnydale Hope SF Block 9, Series 2025B-2                                | San Francisco City and County, California, Multifamily Housing Revenue Bonds, Sunnydale Hope SF Block 9, Series 2025B-2                                | CUSIP: 79765PEG4<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1086971.85   | 0.18%             | 2029-08-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A                                                  | Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A                                                  | CUSIP: 57665NAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2415048.84   | 0.40%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mayberry Community Authority, Colorado Springs, El Paso County, Colorado, Special Revenue Bonds, Series 2021A                                          | Mayberry Community Authority, Colorado Springs, El Paso County, Colorado, Special Revenue Bonds, Series 2021A                                          | CUSIP: 57788CAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $452478.90    | 0.07%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2019A                    | Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2019A                    | CUSIP: 01728A4Y9<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949774.10    | 0.16%             | 2037-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B                                                 | Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B                                                 | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    300000 | PA      | $285095.25    | 0.05%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3315000 | PA      | $3155539.22   | 0.52%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4240000 | PA      | $2544000.00   | 0.42%             | 2032-07-15      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Hotel Revenue Bonds, Provident Group ? Falcon Properties LLC, Project, Senior Series 2022A-1        | Arizona Industrial Development Authority, Arizona, Hotel Revenue Bonds, Provident Group ? Falcon Properties LLC, Project, Senior Series 2022A-1        | CUSIP: 71885JAB5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $2993561.55   | 0.49%             | 2051-12-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1029483 | PA      | $714657.22    | 0.12%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Plaquemines Port, Harbor and Terminal District, Facilities Revenue Bonds, NOLA Terminal LLC Project Dock and Wharf Series 2024A                        | Plaquemines Port, Louisiana, Harbor and Terminal District Facilities Revenue Bonds NOLA Terminal LLC Project Dock and Wharf Series 2024A               | CUSIP: 727521AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $416725.95    | 0.07%             | 2044-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | CUSIP: 650116GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $243275.28    | 0.04%             | 2044-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Education Revenue Bonds, Shining Rock Classical Academy, Series 2022A                                           | Public Finance Authority of Wisconsin, Education Revenue Bonds, Shining Rock Classical Academy, Series 2022A                                           | CUSIP: 74442EJY7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    175000 | PA      | $152306.00    | 0.03%             | 2057-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Denton County, Texas, Special Assessment Revenue Bonds, Green Meadows Public Improvement District Major Improvement Area Project, Series 2025          | Denton County, Texas, Special Assessment Revenue Bonds, Green Meadows Public Improvement District Major Improvement Area Project, Series 2025          | CUSIP: 24880GAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325513.60    | 0.05%             | 2055-12-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority, Tax Increment, Revenue Subordinate Bonds, Miami, Miami World Center Project, Series 2024B                                    | Public Finance Authority, Wisconsin, Tax Increment Revenue Subordinate Bonds, World Center Project Series 2024B                                        | CUSIP: 74448EAB0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $488773.25    | 0.08%             | 2042-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Dormitory Authority of the State of New York, Revenue Bonds, New York University Series 2025A                                                          | Dormitory Authority of the State of New York, Revenue Bonds, New York University Series 2025A                                                          | CUSIP: 64985SGC1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7579089.00   | 1.25%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, New Summit Charter Academy Project, Series 2021A                 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, New Summit Charter Academy Project, Series 2021A                 | CUSIP: 19645UHL1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $70261.11     | 0.01%             | 2051-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority, Missouri, Economic Activity Tax Revenue Bonds, Historic Northeast Redevelopment Plan Series 2024A-1      | Kansas City Industrial Development Authority, Missouri, Economic Activity Tax Revenue Bonds, Historic Northeast Redevelopment Plan Series 2024A-1      | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    550000 | PA      | $485880.29    | 0.08%             | 2054-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | CUSIP: 850001CC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $542357.68    | 0.09%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SouthGlenn Metropolitan District, Colorado, Special Revenue Bonds, Refunding Series 2016                                                               | SouthGlenn Metropolitan District, Colorado, Special Revenue Bonds, Refunding Series 2016                                                               | CUSIP: 84437RAE7<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1215112.39   | 0.20%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority, Revenue Bonds, Lifespace Communities, Inc., Series 2024A                                                                       | Iowa Finance Authority, Revenue Bonds, Lifespace Communities, Inc., Series 2024A                                                                       | CUSIP: 46247SFT6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     75000 | PA      | $70800.77     | 0.01%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020C-1                                            | Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020C-1                                            | CUSIP: 12008KAH5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2331938.40   | 0.39%             | 2055-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bridgeville, Delaware, Special Obligation Bonds, Heritage Shores Special Development District, Series 2024                                             | Bridgeville, Delaware, Special Obligation Bonds, Heritage Shores Special Development District, Series 2024                                             | CUSIP: 108588AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $393045.64    | 0.06%             | 2053-07-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019                                     | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019                                     | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5985090.80   | 0.99%             | 2049-09-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority, Revenue Bonds, Covenant Health Group Series 2023                                              | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Covenant Health Group Series 2023                                              | CUSIP: 64461XGW9<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3306343.20   | 0.55%             | 2037-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc. John F Kennedy International Airpor | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc. John F Kennedy International Airpor | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3463315.48   | 0.57%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2023                                                     | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2023                                                     | CUSIP: 167510BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1307708.34   | 0.22%             | 2043-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Warren County, Mississippi, Certificates of Participation, Lease Purchase Jail Project Series 2023                                                     | Warren County, Mississippi, Certificates of Participation, Lease Purchase Jail Project Series 2023                                                     | CUSIP: 935019AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1683881.37   | 0.28%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | CUSIP: 50962CCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $1016780.32   | 0.17%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, PPL Energy Supply, LLC Project, Refunding Series 2009C         | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, PPL Energy Supply, LLC Project, Refunding Series 2009C         | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302123.49    | 0.05%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | CUSIP: 340618DQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1546542.24   | 0.26%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | CUSIP: 452153KB4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1221676.72   | 0.20%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District, Washington County, Utah, Special Assessment Bonds, Black Desert Assessment Area 1, Series 2024            | Black Desert Public Infrastructure District, Washington County, Utah, Special Assessment Bonds, Black Desert Assessment Area 1, Series 2024            | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $199344.67    | 0.03%             | 2053-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | Louisiana Publics Facilities Authority, Louisiana, Revenue Bonds, I-10 Calcasieu River Bridge Public-Private Partnership Project, Senior Lien Series 2 | CUSIP: 546399TA4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1373000.51   | 0.23%             | 2066-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority, Senior Living Revenue Bonds, Enso Village, Refunding Green Series 2021A                                           | California Public Finance Authority, Senior Living Revenue Bonds, Enso Village, Refunding Green Series 2021A                                           | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $403090.55    | 0.07%             | 2046-11-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority, Revenue Bonds, Providence Saint Joseph Health, Refunding Series 2021B                                     | Washington Health Care Facilities Authority, Revenue Bonds, Providence Saint Joseph Health, Refunding Series 2021B                                     | CUSIP: 93978HYG4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1962733.29   | 0.32%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $858707.84    | 0.14%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2025A                                          | Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2025A                                          | CUSIP: 64985SDK6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    280000 | PA      | $299684.42    | 0.05%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2023                                                     | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2023                                                     | CUSIP: 167510BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1063998.20   | 0.18%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Langley South Community Development District, Florida, Special Assessment Revenue Bonds, Mascotte Assessment Area One Series 2024                      | Langley South Community Development District, Florida, Special Assessment Revenue Bonds, Mascotte Assessment Area One Series 2024                      | CUSIP: 515816AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $363608.51    | 0.06%             | 2044-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ridge at Johnstown Metropolitan District 8, Larimer County, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Series 2024    | Ridge at Johnstown Metropolitan District 8, Larimer County, Colorado, Special Assessment Revenue Bonds, Special Improvement District 1, Series 2024    | CUSIP: 76571UAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $947201.27    | 0.16%             | 2044-12-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | CUSIP: 167562RU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $203812.64    | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of Medicine, Inc, Series 2023                                         | Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of Medicine, Inc, Series 2023                                         | CUSIP: 12008EUA2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1275497.23   | 0.21%             | 2055-06-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority, Revenue Bonds, Elizabeth River Crossing OPCO, LLC Project, Refunding Senior Lien Series 2022              | Virginia Small Business Financing Authority, Revenue Bonds, Elizabeth River Crossing OPCO, LLC Project, Refunding Senior Lien Series 2022              | CUSIP: 928104NY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1439634.24   | 0.24%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broadway Station Metropolitan District 2, Denver City and County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Series 2019 | Broadway Station Metropolitan District 2, Denver City and County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Series 2019 | CUSIP: 111570AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $766525.00    | 0.13%             | 2048-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission, West Virginia, Special District Excise Tax Revenue Bonds, University Town Centre Economic Opportunity Development Distri | Monongalia County Commission, West Virginia, Special District Excise Tax Revenue Bonds, University Town Centre Economic Opportunity Development Distri | CUSIP: 61022CAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102252.65    | 0.02%             | 2043-06-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Special Revenue Bonds, Subordinate Series 2020B                          | Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Special Revenue Bonds, Subordinate Series 2020B                          | CUSIP: 47248EAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5180768.78   | 0.86%             | 2050-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority, Georgia, Revenue Bonds, United States Soccer Federation, Inc. Project Series 2024                                | Fayette County Development Authority, Georgia, Revenue Bonds, United States Soccer Federation, Inc. Project Series 2024                                | CUSIP: 31222PAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $557659.39    | 0.09%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Painted Prairie Public Improvement Authority, Aurora, Colorado, Special Revenue Bonds, Series 2019                                                     | Painted Prairie Public Improvement Authority, Aurora, Colorado, Special Revenue Bonds, Series 2019                                                     | CUSIP: 69578NAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $456524.25    | 0.08%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc. Project, Series 2012B                                       | Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc. Project, Series 2012B                                       | CUSIP: 346786AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1212196.10   | 0.20%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2017A-2                                | Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2017A-2                                | CUSIP: 368497JM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9009682.20   | 1.49%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Phase 2 Project, Series 2024                           | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Phase 2 Project, Series 2024                           | CUSIP: 97712JJT1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150787.73    | 0.02%             | 2039-10-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Grand Oaks Community Development District, Saint Johns County, Florida, Special Assessment Bonds, Assessment Area 2, Series 2020                       | Grand Oaks Community Development District, Saint Johns County, Florida, Special Assessment Bonds, Assessment Area 2, Series 2020                       | CUSIP: 38611CAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $985485.33    | 0.16%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wohali Public Infrastructure District 1, Utah, Special Assessment Revenue Bonds, Assessment Area 1 Series 2023                                         | Wohali Public Infrastructure District 1, Utah, Special Assessment Revenue Bonds, Assessment Area 1 Series 2023                                         | CUSIP: 929335AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2588019.72   | 0.43%             | 2042-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Series 2021A-1                     | Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Series 2021A-1                     | CUSIP: 89386FAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1041625.43   | 0.17%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Subordinate Series 2017A                                  | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Subordinate Series 2017A                                  | CUSIP: 64578JBB1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    750000 | PA      | $734834.55    | 0.12%             | 2030-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority, Revenue Bonds, Illinois Institute of Technology, Series 2025A                                                              | Illinois Finance Authority, Revenue Bonds, Illinois Institute of Technology, Series 2025A                                                              | CUSIP: 45204FN27<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1808931.29   | 0.30%             | 2046-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority, Revenue Bonds, Series 2010XX                                                                                     | Puerto Rico Electric Power Authority, Revenue Bonds, Series 2010XX                                                                                     | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $3592772.33   | 0.59%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | CUSIP: 50962CCP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1220965.68   | 0.20%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014                                                            | Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014                                                            | CUSIP: 34512KAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936608.60    | 0.15%             | 2038-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority, Ohio, Economic Development Revenue Bonds, JSW Steel USA Ohio, Inc. Project, Series 2023                               | Jefferson County Port Authority, Ohio, Economic Development Revenue Bonds, JSW Steel USA Ohio, Inc. Project, Series 2023                               | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3456261.41   | 0.57%             | 2053-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Colorado Educational and Cultural Facilities Authority, Cultural Facilities Revenue Bonds, Stanley Project, Senior Lien Series 2025A-1                 | Colorado Educational and Cultural Facilities Authority, Cultural Facilities Revenue Bonds, Stanley Project, Senior Lien Series 2025A-1                 | CUSIP: 19645UTS3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   6680000 | PA      | $6759590.86   | 1.12%             | 2059-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Refunding Series 2020          | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Refunding Series 2020          | CUSIP: 72177MTL1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5265000 | PA      | $3685500.00   | 0.61%             | 2035-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York City Housing Development Corporation, New York, Multi-Family Mortgage Revenue Bonds, 8 Spruce Street, Taxable Class E Series 2024             | New York City Housing Development Corporation, New York, Multi-Family Mortgage Revenue Bonds, 8 Spruce Street, Taxable Class E Series 2024             | CUSIP: 64966TGW8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    140000 | PA      | $143491.29    | 0.02%             | 2031-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Astoria Hospital Facilities Authority, Oregon, Hospital Revenue Bonds, Columbia Memorial Hospital Project, Series 2024                                 | Astoria Hospital Facilities Authority, Oregon, Hospital Revenue Bonds, Columbia Memorial Hospital Project, Series 2024                                 | CUSIP: 046279CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1117267.39   | 0.18%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 64th Avenue ARI Authority, Adams County, Colorado, Special Revenue Bonds, Series 2020                                                                  | 64th Avenue ARI Authority, Adams County, Colorado, Special Revenue Bonds, Series 2020                                                                  | CUSIP: 83011AAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2326541.07   | 0.38%             | 2043-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge and Tunnel Authority, New York, Real Estate Transfer Tax Revenue Bonds, MTA Bridges and Tunnels, TBTA Capital Lockbox Fund, Series 2 | Triborough Bridge and Tunnel Authority, New York, Real Estate Transfer Tax Revenue Bonds, MTA Bridges and Tunnels, TBTA Capital Lockbox Fund, Series 2 | CUSIP: 896032BB4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1403470.74   | 0.23%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012  | California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012  | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6290000 | PA      | $6316953.91   | 1.04%             | 2030-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Senior National Charter School Revolving Loan Fund Revenue Bonds, Social Series 2023A                        | Arizona Industrial Development Authority, Senior National Charter School Revolving Loan Fund Revenue Bonds, Social Series 2023A                        | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $709120.61    | 0.12%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St. Vrain Lakes Metropolitan District 4, Weld County, Colorado, General Obligation Bonds, Firestone Convertible Capital Appreciation Limited Tax Serie | St. Vrain Lakes Metropolitan District 4, Weld County, Colorado, General Obligation Bonds, Firestone Convertible Capital Appreciation Limited Tax Serie | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $337441.20    | 0.06%             | 2054-09-20      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | CUSIP: 50962CCN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1141042.10   | 0.19%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Core Natural Resources, INC Project, AMT Series 2025      | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Core Natural Resources, INC Project, AMT Series 2025      | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203345.44    | 0.03%             | 2055-01-01      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Chambers County Justice Center Public Facilities Corporation, Texas, Lease Revenue Bonds, Series 2024                                                  | Chambers County Justice Center Public Facilities Corporation, Texas, Lease Revenue Bonds, Series 2024                                                  | CUSIP: 157795BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2454969.71   | 0.41%             | 2049-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Lincoln Preparatory School Project, Series 2021A                                        | Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Lincoln Preparatory School Project, Series 2021A                                        | CUSIP: 546399KX3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $880420.80    | 0.15%             | 2051-06-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Peralta Community College District, Alameda County, California, General Obligation, Election of 2018 , Series 2025C-1                                  | Peralta Community College District, Alameda County, California, General Obligation, Election of 2018 , Series 2025C-1                                  | CUSIP: 713575YZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1124144.78   | 0.19%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinon Pines Metropolitan District 2, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020                                       | Pinon Pines Metropolitan District 2, El Paso County, Colorado, General Obligation Limited Tax Bonds, Series 2020                                       | CUSIP: 72352VAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $868441.43    | 0.14%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ridges Estates Infrastructure Financing District, Utah, Special Assessment Bonds, Alpine Hollow Assessment Area, Series 2025                           | Ridges Estates Infrastructure Financing District, Utah, Special Assessment Bonds, Alpine Hollow Assessment Area, Series 2025                           | CUSIP: 76610DAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992757.60    | 0.16%             | 2053-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 Project | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 Project | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4295000 | PA      | $4148924.47   | 0.69%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| University of California, General Revenue Bonds, Series 2025CB                                                                                         | University of California, General Revenue Bonds, Series 2025CB                                                                                         | CUSIP: 91412HUZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3900869.47   | 0.64%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | CUSIP: 13077DVZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $469661.23    | 0.08%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority, Colorado, Revenue Bonds, Cappella of Grand Junction Project, Series 2019                                         | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Cappella of Grand Junction Project, Series 2019                                         | CUSIP: 19648FNG5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $352500.00    | 0.06%             | 2054-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kremmling Memorial Hospital District, Colorado, Certificates of Participation, Series 2024                                                             | Kremmling Memorial Hospital District, Colorado, Certificates of Participation, Series 2024                                                             | CUSIP: 500795AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1104269.76   | 0.18%             | 2056-12-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority, Alabama, Solid Waste Disposal Revenue Bonds, AM/NS Calvert LLC Project, Series 2024B                   | Mobile County Industrial Development Authority, Alabama, Solid Waste Disposal Revenue Bonds, AM/NS Calvert LLC Project, Series 2024B                   | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1443001.07   | 0.24%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | CUSIP: 010892AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $99290.43     | 0.02%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority, Revenue Bonds, Ascension Health Alliance, Series 2016C                                                                     | Illinois Finance Authority, Revenue Bonds, Ascension Health Alliance, Series 2016C                                                                     | CUSIP: 45204FN43<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    725000 | PA      | $740486.73    | 0.12%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Detroit, Wayne County, Michigan, General Obligation Bonds, Financial Recovery Series 2014B-1                                                           | Detroit, Wayne County, Michigan, General Obligation Bonds, Financial Recovery Series 2014B-1                                                           | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   4971590 | PA      | $3871250.36   | 0.64%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2024-144A                                                     | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2024-144A                                                     | CUSIP: 70879QUZ4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1730691.09   | 0.29%             | 2049-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Colorado International Center Metropolitan District 8, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020                       | Colorado International Center Metropolitan District 8, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020                       | CUSIP: 19650RAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $15919233.60  | 2.63%             | 2050-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | CUSIP: 799561PM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543506.75   | 0.25%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District 1, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Subordinate Lien Series 2020    | Winrock Town Center Tax Increment Development District 1, Albuquerque, New Mexico, Gross Receipts Tax Increment Bonds, Subordinate Lien Series 2020    | CUSIP: 97535RAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6927000 | PA      | $6783525.21   | 1.12%             | 2040-05-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Allegheny County Airport Authority, Pennsylvania, Airport Revenue Bonds, Pittsburgh International Airport, Series 2023A                                | Allegheny County Airport Authority, Pennsylvania, Airport Revenue Bonds, Pittsburgh International Airport, Series 2023A                                | CUSIP: 01728LHC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $729203.93    | 0.12%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gillett, Wisconsin, Solid Waste Disposal Revenue Bonds, WI RNG Hub North LLC Renewable Natural Gas Production Plant Project, Series 2021A              | Gillett, Wisconsin, Solid Waste Disposal Revenue Bonds, WI RNG Hub North LLC Renewable Natural Gas Production Plant Project, Series 2021A              | CUSIP: 375760AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2262793.20   | 0.37%             | 2032-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | CUSIP: 167562RV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2426954.63   | 0.40%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County, Florida, Special Obligation Bonds, Subordinate Series 2009                                                                          | Miami-Dade County, Florida, Special Obligation Bonds, Subordinate Series 2009                                                                          | CUSIP: 59333NNQ2<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $1028457.65   | 0.17%             | 2045-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois State, General Obligation Bonds, December Series 2023C                                                                                        | Illinois State, General Obligation Bonds, December Series 2023C                                                                                        | CUSIP: 452153HT9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2450281.50   | 0.40%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pflugerville, Travis and Williamson Counties, Texas, Certificates of Obligation, Combination Tax and Revenue Limited Series 2023                       | Pflugerville, Travis and Williamson Counties, Texas, Certificates of Obligation, Combination Tax and Revenue Limited Series 2023                       | CUSIP: 717088DQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3439012.42   | 0.57%             | 2055-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority, Revenue Bonds, Northshore - Edward-Elmhurst Health Credit Group, Series 2022A                                              | Illinois Finance Authority, Revenue Bonds, Northshore - Edward-Elmhurst Health Credit Group, Series 2022A                                              | CUSIP: 45204FQB4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    815000 | PA      | $800123.97    | 0.13%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority, Revenue Bonds, Lifespace Communities, Inc., Series 2024A                                                                       | Iowa Finance Authority, Revenue Bonds, Lifespace Communities, Inc., Series 2024A                                                                       | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1138612.38   | 0.19%             | 2059-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | CUSIP: 799561PP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533482.10   | 0.25%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund, Puerto Rico, Tobacco Settlement Asset-Backed Bonds, Series 2008A                                                                | Children's Trust Fund, Puerto Rico, Tobacco Settlement Asset-Backed Bonds, Series 2008A                                                                | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5950000 | PA      | $332796.59    | 0.05%             | 2057-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2018 Series A-3                                   | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2018 Series A-3                                   | CUSIP: 64971XAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2806580.13   | 0.46%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Subordinate Series 2020B                         | Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Subordinate Series 2020B                         | CUSIP: 85950NAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    502000 | PA      | $498061.41    | 0.08%             | 2050-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Refunding Series 2024B                                            | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Refunding Series 2024B                                            | CUSIP: 59261A5P8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $2982455.85   | 0.49%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami, Florida, Limited Ad Valorem Tax Bonds, Forever Infrastructure Programs Series 2024A                                                             | Miami, Florida, Limited Ad Valorem Tax Bonds, Forever Infrastructure Programs Series 2024A                                                             | CUSIP: 59338CAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $923866.06    | 0.15%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho Housing and Finance Association, Single Family Mortgage Revenue Bonds, Series 2024A                                                              | Idaho Housing and Finance Association, Single Family Mortgage Revenue Bonds, Series 2024A                                                              | CUSIP: 45129Y5J1<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    546000 | PA      | $513125.50    | 0.08%             | 2054-01-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | CUSIP: 850001CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $361948.19    | 0.06%             | 2042-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                                                                                                                                    | Toledo Hospital/The                                                                                                                                    | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2752500.00   | 0.45%             | 2048-11-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority, Dock and Wharf Facilities Revenue Bonds, Empire Trimodal Terminal, LLC Project, Series 2020              | West Virginia Economic Development Authority, Dock and Wharf Facilities Revenue Bonds, Empire Trimodal Terminal, LLC Project, Series 2020              | CUSIP: 95649CAA8<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $2660577.71   | 0.44%             | 2040-12-01      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Revenue Bonds, Sky Harbour LLC Obligated Group Aviation Facilities Project, Series 2021                         | Public Finance Authority of Wisconsin, Revenue Bonds, Sky Harbour LLC Obligated Group Aviation Facilities Project, Series 2021                         | CUSIP: 74446DAH1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1274768.85   | 0.21%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aurora Highlands Community Authority Board, Adams County, Colorado, Special Tax Revenue Bonds, Refunding & Improvement Series 2021A                    | Aurora Highlands Community Authority Board, Adams County, Colorado, Special Tax Revenue Bonds, Refunding & Improvement Series 2021A                    | CUSIP: 05164HAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5220000 | PA      | $4748294.18   | 0.78%             | 2051-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority, Revenue Bonds, California Baptist University, Refunding Series 2025A                                           | California Municipal Finance Authority, Revenue Bonds, California Baptist University, Refunding Series 2025A                                           | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401073.32    | 0.07%             | 2040-11-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Revenue Bonds, Revolution Academy, Refunding Series 2023A                                                       | Public Finance Authority of Wisconsin, Revenue Bonds, Revolution Academy, Refunding Series 2023A                                                       | CUSIP: 74442ELL2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1025231.55   | 0.17%             | 2058-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Warren County, Mississippi, Certificates of Participation, Lease Purchase Jail Project Series 2023                                                     | Warren County, Mississippi, Certificates of Participation, Lease Purchase Jail Project Series 2023                                                     | CUSIP: 935019AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1280773.68   | 0.21%             | 2048-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wakara Ridge Public Infrastructure District, Special Assessment Bonds, Wakara Ridge Assessment Area, Series 2025                                       | Wakara Ridge Public Infrastructure District, Utah, Special Assessment Bonds, Wakara Ridge Assessment Area, Series 2025                                 | CUSIP: 930814AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494228.75    | 0.08%             | 2054-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A                                                    | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A                                                    | CUSIP: 20775DCP5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1226410.00   | 0.20%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2014F                                      | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2014F                                      | CUSIP: 60637AGP1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2539136.10   | 0.42%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2024A                                               | Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2024A                                               | CUSIP: 74442ELX6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909193.70    | 0.15%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Ave Maria National Project, Series 2021                          | Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Ave Maria National Project, Series 2021                          | CUSIP: 05355ABC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1308642.51   | 0.22%             | 2041-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority, New Jersey, Charter School Revenue Bonds, Paterson Charter School for Science and Technology, Inc. Project, Seri | Passaic County Improvement Authority, New Jersey, Charter School Revenue Bonds, Paterson Charter School for Science and Technology, Inc. Project, Seri | CUSIP: 70275QAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $465303.66    | 0.08%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank, Indiana, Revenue Bonds, Convention Center Hotel Subordinate Series 2023F-1                            | Indianapolis Local Public Improvement Bond Bank, Indiana, Revenue Bonds, Convention Center Hotel Subordinate Series 2023F-1                            | CUSIP: 45528U7L9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4386591.68   | 0.72%             | 2067-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Lake Charles Charter Academy Foundation Project, Refunding Series 2024A               | Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Lake Charles Charter Academy Foundation Project, Refunding Series 2024A               | CUSIP: 546399TY2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    450000 | PA      | $410788.98    | 0.07%             | 2043-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Refunding Series 2025                 | Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Refunding Series 2025                 | CUSIP: 593237GL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $468919.21    | 0.08%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge and Tunnel Enterprise, Colorado, Senior Infrastructure Revenue Bonds, Series 2025A                                                     | Colorado Bridge and Tunnel Enterprise, Colorado, Senior Infrastructure Revenue Bonds, Series 2025A                                                     | CUSIP: 19633TBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1164989.30   | 0.19%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, New Terminal 1 John F Kennedy International Airport Project | CUSIP: 650116GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $218746.16    | 0.04%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati, Ohio, General Receipts Bonds, Series 2025A                                                                                   | University of Cincinnati, Ohio, General Receipts Bonds, Series 2025A                                                                                   | CUSIP: 9141197J5<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1054384.25   | 0.17%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | CUSIP: 167562RW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1603641.55   | 0.26%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Guaranteed Series 2013B     | Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Guaranteed Series 2013B     | CUSIP: 70870EDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2960000 | PA      | $1070556.52   | 0.18%             | 2045-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. Terminal Improvements Project, Series 2024B                     | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc. Terminal Improvements Project, Series 2024B                     | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033087.70   | 0.17%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority, Florida, Educational Facilities Revenue Bonds, Babcock Neighborhood School Inc Project, Series 2024                           | Capital Trust Authority, Florida, Educational Facilities Revenue Bonds, Babcock Neighborhood School Inc Project, Series 2024                           | CUSIP: 14054WBC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $887585.68    | 0.15%             | 2054-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pinon Pines Metropolitan District No. 3, El Paso County, Colorado, General Obligation Limited Tax Convertible Capital Appreciation Bonds, Series 2025  | Pinon Pines Metropolitan District No. 3, El Paso County, Colorado, General Obligation Limited Tax Convertible Capital Appreciation Bonds, Series 2025  | CUSIP: 72352WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $722730.30    | 0.12%             | 2054-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2023G                                                | California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2023G                                                | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   6770000 | PA      | $7167058.47   | 1.18%             | 2054-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Expansion & Improvement Projects Series 2020          | Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Expansion & Improvement Projects Series 2020          | CUSIP: 79165TUC3<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2630931.71   | 0.43%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Second Lien Series 2025D                                                            | Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Second Lien Series 2025D                                                            | CUSIP: 39081JKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $908809.31    | 0.15%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | CUSIP: 452153KC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    930000 | PA      | $938602.78    | 0.15%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, Neuweiler Lofts Project, Series 2023                   | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, Neuweiler Lofts Project, Series 2023                   | CUSIP: 018444CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1559646.89   | 0.26%             | 2042-05-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2006B                           | Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2006B                           | CUSIP: 14483RAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $1726995.89   | 0.29%             | 2034-10-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007                       | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007                       | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205904.72   | 0.20%             | 2037-12-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corporation, Arizona, Pollution Control Revenue Bonds, El Paso Electric Company Palo Verde Project, Refunding Series | Maricopa County Pollution Control Corporation, Arizona, Pollution Control Revenue Bonds, El Paso Electric Company Palo Verde Project, Refunding Series | CUSIP: 566854EA9<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931913.90    | 0.15%             | 2042-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dauphin County General Authority, Pennsylvania, Revenue Bonds, Harrisburg University of Science & Technology Project, Series 2017                      | Dauphin County General Authority, Pennsylvania, Revenue Bonds, Harrisburg University of Science & Technology Project, Series 2017                      | CUSIP: 23825JAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $705162.90    | 0.12%             | 2041-10-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020A-1                                            | Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020A-1                                            | CUSIP: 12008KAB8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4200476.50   | 0.69%             | 2055-06-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Fulton County Residential Care Facilities for the Elderly Authority, Georgia, Revenue Bonds, Canterbury Court Project, Series 2019A                    | Fulton County Residential Care Facilities for the Elderly Authority, Georgia, Revenue Bonds, Canterbury Court Project, Series 2019A                    | CUSIP: 360058FF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $670225.73    | 0.11%             | 2047-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A                  | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A                  | CUSIP: 71885FGU5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   3405000 | PA      | $2651382.59   | 0.44%             | 2055-09-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017                       | Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017                       | CUSIP: 74446HAD1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4750000.00   | 0.78%             | 2050-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Miami-Dade County, Florida, Special Obligation Bonds, Subordinate Series 2009                                                                          | Miami-Dade County, Florida, Special Obligation Bonds, Subordinate Series 2009                                                                          | CUSIP: 59333N2A0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $829007.58    | 0.14%             | 2037-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority, Energy Facilities Revenue Bonds, UMM Energy Partners, LLC Project, Series 2012A                             | New Jersey Economic Development Authority, Energy Facilities Revenue Bonds, UMM Energy Partners, LLC Project, Series 2012A                             | CUSIP: 64577QAK7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1285210.48   | 0.21%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2025B                                                               | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2025B                                                               | CUSIP: 5755792B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1262929.55   | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2023A                | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2023A                | CUSIP: 34061ULZ9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    835000 | PA      | $896712.76    | 0.15%             | 2033-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2023C                                                | California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2023C                                                | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2046044.78   | 0.34%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kremmling Memorial Hospital District, Colorado, Certificates of Participation, Series 2024                                                             | Kremmling Memorial Hospital District, Colorado, Certificates of Participation, Series 2024                                                             | CUSIP: 500795AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1371112.65   | 0.23%             | 2044-12-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Independence Water & Sanitation District, Elbert County, Colorado, Special Revenue Bonds, Refunding and Improvement Series 2024                        | Independence Water & Sanitation District, Elbert County, Colorado, Special Revenue Bonds, Refunding and Improvement Series 2024                        | CUSIP: 45380AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505752.05    | 0.08%             | 2033-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Senior Lien Series 2023A                                                                    | CUSIP: 167562RT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $127453.55    | 0.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2023-143A                                                     | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2023-143A                                                     | CUSIP: 70879QUL5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3042557.10   | 0.50%             | 2051-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2023B                                       | Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Series 2023B                                       | CUSIP: 944514K31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1138595.77   | 0.19%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority, Revenue Bonds, Dominican University, Refunding Series 2022                                                                 | Illinois Finance Authority, Revenue Bonds, Dominican University, Refunding Series 2022                                                                 | CUSIP: 45204FRR8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    240000 | PA      | $241486.75    | 0.04%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority, California, Special Tax Bonds, Community Facilities District 2003-1 Improvement Area 1, Refunding Series 202 | River Islands Public Financing Authority, California, Special Tax Bonds, Community Facilities District 2003-1 Improvement Area 1, Refunding Series 202 | CUSIP: 76827QGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1092198.01   | 0.18%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Valley Community Infrastructure District 1, Eagle, Idaho, Special Assessment Bonds, Series 2024                                                 | Spring Valley Community Infrastructure District 1, Eagle, Idaho, Special Assessment Bonds, Series 2024                                                 | CUSIP: 850072AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $628185.10    | 0.10%             | 2053-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2025A                                    | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2025A                                    | CUSIP: 19648FZH0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    475000 | PA      | $468356.65    | 0.08%             | 2045-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fourth North Business Improvement District, Silverthorne, Summit County, Colorado, Special Revenue and Tax Supported Bonds, Refunding & Improvement Se | Fourth North Business Improvement District, Silverthorne, Summit County, Colorado, Special Revenue and Tax Supported Bonds, Refunding & Improvement Se | CUSIP: 35122CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1423770.23   | 0.24%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | Spring Independent School District, Hardin County, Texas, General Obligation Bonds, School Building and Refunding Series 2025                          | CUSIP: 850001CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $328216.56    | 0.05%             | 2043-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | Illinois State, General Obligation Bonds, May Series 2024B                                                                                             | CUSIP: 452153KG3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    930000 | PA      | $927565.73    | 0.15%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2025B                                                               | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Series 2025B                                                               | CUSIP: 575579Z91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1171068.64   | 0.19%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds ? Pensar Academy Project, Series 2020                         | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds ? Pensar Academy Project, Series 2020                         | CUSIP: 04052BLZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1238355.30   | 0.20%             | 2055-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Education Revenue Bonds, The Capitol Encore Academy, Series 2021A                                               | Public Finance Authority of Wisconsin, Education Revenue Bonds, The Capitol Encore Academy, Series 2021A                                               | CUSIP: 74442EGG9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $781208.40    | 0.13%             | 2056-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority, Revenue Bonds, West Virginia University Health System, Improvement Series 2023A                              | West Virginia Hospital Finance Authority, Revenue Bonds, West Virginia University Health System, Improvement Series 2023A                              | CUSIP: 956622V76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1059935.43   | 0.18%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority, Pennsylvania, Revenue Bonds, Provident Group -Lehigh Valley International Airport Hotel Project First  | Lehigh County Industrial Development Authority, Pennsylvania, Revenue Bonds, Provident Group -Lehigh Valley International Airport Hotel Project First  | CUSIP: 52480PAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910371.80    | 0.15%             | 2065-01-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Peralta Community College District, Alameda County, California, General Obligation, Election of 2018 , Series 2025C-1                                  | Peralta Community College District, Alameda County, California, General Obligation, Election of 2018 , Series 2025C-1                                  | CUSIP: 713575YW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1138308.11   | 0.19%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2024-144A                                                     | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Social Series 2024-144A                                                     | CUSIP: 70879QUY7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    340000 | PA      | $319170.17    | 0.05%             | 2044-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corporation, Single Family Mortgage Bonds, Series 2024C                                                                                   | Utah Housing Corporation, Single Family Mortgage Bonds, Series 2024C                                                                                   | CUSIP: 917437GS8<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1109577.81   | 0.18%             | 2049-01-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Buda, Texas, Special Assessment Revenue Bonds, Persimmon Public improvement District Major Improvement Area Project, Series 2025                       | Buda, Texas, Special Assessment Revenue Bonds, Persimmon Public improvement District Major Improvement Area Project, Series 2025                       | CUSIP: 118829AF7<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |    500000 | PA      | $468171.10    | 0.08%             | 2055-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| UAB Medicine Finance Authority, Alabama, Revenue Bonds, Series 2017B-2                                                                                 | UAB Medicine Finance Authority, Alabama, Revenue Bonds, Series 2017B-2                                                                                 | CUSIP: 902562CJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501779.90    | 0.08%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Range Metropolitan District 3, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020A-3                                      | North Range Metropolitan District 3, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020A-3                                      | CUSIP: 66176NAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958382.60    | 0.16%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | Alameda County Fire Department, California, General Obligation Bonds, Series 2025                                                                      | CUSIP: 010892AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1241131.01   | 0.20%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2022C                                                                          | Main Street Natural Gas Inc., Georgia, Gas Supply Revenue Bonds, Series 2022C                                                                          | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2747019.28   | 0.45%             | 2052-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2024B                                                | California Community Choice Financing Authority, Clean Energy Project Revenue Bonds, Green Series 2024B                                                | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3124311.60   | 0.52%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure U, Series 2025C                              | CUSIP: 799561PN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535823.60   | 0.25%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Unified School District, California, General Obligation Bonds, 2024 Election Series 2025A                                                | San Francisco Unified School District, California, General Obligation Bonds, 2024 Election Series 2025A                                                | CUSIP: 79771TRM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $859925.73    | 0.14%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Griffin-Spalding County Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System Inc., Series 2017A                      | Griffin-Spalding County Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System Inc., Series 2017A                      | CUSIP: 398258AW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890967.70    | 0.15%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corporation, New York, Multi-Family Mortgage Revenue Bonds, 8 Spruce Street, Class F Series 2024                     | New York City Housing Development Corporation, New York, Multi-Family Mortgage Revenue Bonds, 8 Spruce Street, Class F Series 2024                     | CUSIP: 64966TGX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    410000 | PA      | $420137.17    | 0.07%             | 2031-12-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| National Finance Authority, New Hampshire, Special Revenue Bonds, Wildflower Project, Denton County, Texas, Capital Appreciation Series 2025           | National Finance Authority, New Hampshire, Special Revenue Bonds, Wildflower Project, Denton County, Texas, Capital Appreciation Series 2025           | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $221063.27    | 0.04%             | 2033-12-15      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | CUSIP: 162409AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1218907.05   | 0.20%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | Florida Development Finance Corporation, Revenue Bonds, Brightline Florida Passenger Rail Expansion Project, Brightline Trains Florida LLC Issue, Seri | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1685311.23   | 0.28%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Belford North Metropolitan District, Douglas County, Colorado, General Obligation Limited Tax Bonds, Series 2020A                                      | Belford North Metropolitan District, Douglas County, Colorado, General Obligation Limited Tax Bonds, Series 2020A                                      | CUSIP: 077690AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1472657.34   | 0.24%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Coconino County Industrial Development Authority, Arizona, Education Revenue Bonds, Flagstaff Arts & Leadership Academy Project, Refunding Series 2020 | Coconino County Industrial Development Authority, Arizona, Education Revenue Bonds, Flagstaff Arts & Leadership Academy Project, Refunding Series 2020 | CUSIP: 191801AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $953574.51    | 0.16%             | 2040-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Pajaro Valley Health Care District, Santa Cruz and Monterey Counties, California, General Obligation Bonds, Social Series 2024A                        | Pajaro Valley Health Care District, Santa Cruz and Monterey Counties, California, General Obligation Bonds, Social Series 2024A                        | CUSIP: 695801AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1500154.77   | 0.25%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Second Lien Series 2025D                                                            | Great Lakes Water Authority, Michigan, Water Supply Revenue Bonds, Second Lien Series 2025D                                                            | CUSIP: 39081JKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $893690.33    | 0.15%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Valor Education Foundation, Series 2024A                                 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Valor Education Foundation, Series 2024A                                 | CUSIP: 187145UR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $203113.87    | 0.03%             | 2054-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Subordinate Series 2020B                                    | Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Subordinate Series 2020B                                    | CUSIP: 05162QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2271452.24   | 0.38%             | 2050-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019                       | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019                       | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $810745.62    | 0.13%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority, Ohio, Development Revenue Bonds, Dayton Regional Stem Schools Inc. Project, Series 2024                       | Dayton-Montgomery County Port Authority, Ohio, Development Revenue Bonds, Dayton Regional Stem Schools Inc. Project, Series 2024                       | CUSIP: 23981MBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $532235.33    | 0.09%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority, Healthcare Revenue Bonds, Pella Regional Health Center, Series 2025                                                            | Iowa Finance Authority, Healthcare Revenue Bonds, Pella Regional Health Center, Series 2025                                                            | CUSIP: 462466GL1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512256.80   | 0.25%             | 2055-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority, Georgia, Revenue Bonds, United States Soccer Federation, Inc. Project Series 2024                                | Fayette County Development Authority, Georgia, Revenue Bonds, United States Soccer Federation, Inc. Project Series 2024                                | CUSIP: 31222PAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $510012.88    | 0.08%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | Lake Elsinore Facilities Financing Authority, California, Local Agency Revenue Bonds, Refunding Series 2025A                                           | CUSIP: 50962CCL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $887707.94    | 0.15%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority, Revenue Bonds, Lutheran Home and Services, Series 2019A                                                                    | Illinois Finance Authority, Revenue Bonds, Lutheran Home and Services, Series 2019A                                                                    | CUSIP: 45204E6F0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    875000 | PA      | $568750.00    | 0.09%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, LEAD Academy Project, Series 2021                                           | Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, LEAD Academy Project, Series 2021                                           | CUSIP: 74443DGF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $683831.10    | 0.11%             | 2051-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2021A      | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2021A      | CUSIP: 708686ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $130.00       | 0.00%             | 2031-12-01      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | California State University, Systemwide Revenue Bonds, Series 2025A                                                                                    | CUSIP: 13077DWB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $737771.79    | 0.12%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit City & General Retirement System Service Corporation, Michigan, Certificates of Participation, Taxable Series 2005A                            | Detroit City & General Retirement System Service Corporation, Michigan, Certificates of Participation, Taxable Series 2005A                            | CUSIP: 25113PAM7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2884160 | PA      | $3028368.24   | 0.50%             | 2026-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| West Indian Company Limited, Virgin Island, Port Facilities Revenue Bonds, WICO Financing, Series 2022A                                                | West Indian Company Limited, Virgin Islands, Port Facilities Revenue Bonds WICO Financing Series 2022A                                                 | CUSIP: 953352AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914270.50    | 0.15%             | 2042-10-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Brooks Academies, Series 2021A                                         | Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Brooks Academies, Series 2021A                                         | CUSIP: 041806F70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1130255.22   | 0.19%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City and County, California, Multifamily Housing Revenue Bonds, Sunnydale Hope SF Block 9, Series 2025B-1                                | San Francisco City and County, California, Multifamily Housing Revenue Bonds, Sunnydale Hope SF Block 9, Series 2025B-1                                | CUSIP: 79765PEF6<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1006415.32   | 0.17%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2023A                                                                        | Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2023A                                                                        | CUSIP: 795576MA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $653158.22    | 0.11%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2023A                | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2023A                | CUSIP: 34061UMA3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051851.60   | 0.17%             | 2038-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1117147 | PA      | $1052853.85   | 0.17%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hoover Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds, United States Steel Corporation Proejcet, Green Series 2020     | Hoover Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds, United States Steel Corporation Proejcet, Green Series 2020     | CUSIP: 439241AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2567368.72   | 0.42%             | 2050-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Pioneer Community Authority Board (Weld County, Colorado), Special Revenue Bonds, Series 2022                                                          | Pioneer Community Authority Board (Weld County, Colorado), Special Revenue Bonds, Series 2022                                                          | CUSIP: 72364TAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6618960.60   | 1.09%             | 2034-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| .Ohio County Commission, West Virginia, Tax Increment Revenue Bonds, The Highlands Project, Refunding & Improvement Series 2024                        | .Ohio County Commission, West Virginia, Tax Increment Revenue Bonds, The Highlands Project, Refunding & Improvement Series 2024                        | CUSIP: 677321BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $658989.17    | 0.11%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority, Georgia, Economic Development Certificates, Gulch Enterprise Zone Project, Convertible Capital Appreciation Series 2024 | Atlanta Development Authority, Georgia, Economic Development Certificates, Gulch Enterprise Zone Project, Convertible Capital Appreciation Series 2024 | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1445446.25   | 0.24%             | 2048-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc., Series 2025                                                            | Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc., Series 2025                                                            | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104940.90   | 0.18%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Redtail Ridge Metropolitan District, City of Louisville, Boulder County, Colorado, General Obligation Limited Tax Capital Appreciation Turbo Bonds, Se | Redtail Ridge Metropolitan District, City of Louisville, Boulder County, Colorado, General Obligation Limited Tax Capital Appreciation Turbo Bonds, Se | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $597686.70    | 0.10%             | 2032-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A                  | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A                  | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1086281.27   | 0.18%             | 2056-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Sarasota County Public Hospital District, Florida, Hospital Revenue Bonds, Sarasota Memorial Hospital Project, Series 2018                             | Sarasota County Public Hospital District, Florida, Hospital Revenue Bonds, Sarasota Memorial Hospital Project, Series 2018                             | CUSIP: 803301DJ6<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000240.80   | 0.17%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Health System Revenue Bonds, Erlanger Health Series 2024                        | CUSIP: 162409AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1433883.53   | 0.24%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority, Senior Living Revenue Bonds, The James, Senior Series 2024A                                                       | California Public Finance Authority, Senior Living Revenue Bonds, The James, Senior Series 2024A                                                       | CUSIP: 13057GAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $882853.00    | 0.15%             | 2059-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Froedtert Health, Inc. Obligated Group, Series 2017A                  | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Froedtert Health, Inc. Obligated Group, Series 2017A                  | CUSIP: 97712DVZ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2316872.75   | 0.38%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Revenue Bonds, Rocketship Education DC Public Charter School Inc., Obligated Group -Issue 3, Series 2024A                         | District of Columbia Revenue Bonds, Rocketship Education DC Public Charter School Inc., Obligated Group -Issue 3, Series 2024A                         | CUSIP: 25483VC28<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    325000 | PA      | $313451.78    | 0.05%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency, Revenue Bonds, Smith College, Series 2025                                                                    | Massachusetts Development Finance Agency, Revenue Bonds, Smith College, Series 2025                                                                    | CUSIP: 57585BFD5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    980000 | PA      | $883242.15    | 0.15%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami Dade County Industrial Development Authority, Florida, Educational Facilities Revenue Bonds, Miami Community Charter School Inc Project, Series  | Miami Dade County Industrial Development Authority, Florida, Educational Facilities Revenue Bonds, Miami Community Charter School Inc Project, Series  | CUSIP: 59334GAH0<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1038557.08   | 0.17%             | 2047-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mirada Community Development District, Florida, Capital Improvement Bonds,  Assessment Area 3 Series 2024                                              | Mirada Community Development District, Florida, Capital Improvement Bonds,  Assessment Area 3 Series 2024                                              | CUSIP: 60463TAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95817.10     | 0.02%             | 2031-05-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Maine Finance Authority, Solid Waste Disposal Revenue Bonds, Casella Waste Systems, Inc. Project, Series 2024                                          | Maine Finance Authority, Solid Waste Disposal Revenue Bonds, Casella Waste Systems, Inc. Project, Series 2024                                          | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $205756.96    | 0.03%             | 2047-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Woodbury, Minnesota, Charter School Lease Revenue Bonds, Math and Science Academy Building Company, Refunding Series 2025A                             | Woodbury, Minnesota, Charter School Lease Revenue Bonds, Math and Science Academy Building Company, Refunding Series 2025A                             | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $596249.91    | 0.10%             | 2063-06-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| California Public Finance Authority, Charter School Lease Revenue Bonds, California Crosspoint Academy Project, Series 2020A                           | California Public Finance Authority, Charter School Lease Revenue Bonds, California Crosspoint Academy Project, Series 2020A                           | CUSIP: 13057KAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3865763.00   | 0.64%             | 2055-07-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, The Forest at Duke, Inc., Series 2021                      | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, The Forest at Duke, Inc., Series 2021                      | CUSIP: 65820YSL1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    370000 | PA      | $290392.87    | 0.05%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mirada Community Development District, Florida, Capital Improvement Bonds,  Assessment Area 3 Series 2024                                              | Mirada Community Development District, Florida, Capital Improvement Bonds,  Assessment Area 3 Series 2024                                              | CUSIP: 60463TAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $224197.94    | 0.04%             | 2044-05-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Velocity Metropolitan District 5, In the City of Aurora, Colorado, Limited Tax General Obligation Bonds, Series 2020A-1                                | Velocity Metropolitan District 5, In the City of Aurora, Colorado, Limited Tax General Obligation Bonds, Series 2020A-1                                | CUSIP: 92259JAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8931270.00   | 1.47%             | 2050-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency, Multifamily Housing Revenue Bonds, Silver Birch of Mansfield Project, Series 2024                                         | Ohio Housing Finance Agency, Multifamily Housing Revenue Bonds, Silver Birch of Mansfield Project, Series 2024                                         | CUSIP: 676900XJ7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $231317.10    | 0.04%             | 2045-01-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University Project, Refunding Series 2024                       | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University Project, Refunding Series 2024                       | CUSIP: 419800PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $466972.05    | 0.08%             | 2039-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Dawson Trails Metropolitan District 1, Colorado, In The Town of Castle Rock, Limited Tax General Obligation Capital Appreciation Turbo Bonds, Series 2 | Dawson Trails Metropolitan District 1, Colorado, In The Town of Castle Rock, Limited Tax General Obligation Capital Appreciation Turbo Bonds, Series 2 | CUSIP: 23945PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $1420001.78   | 0.23%             | 2031-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority, Wisconsin, Toll Revenue Bonds, Georgia SR 400 Express Lanes Project, Senior Lien Series 2025                                 | Public Finance Authority, Wisconsin, Toll Revenue Bonds, Georgia SR 400 Express Lanes Project, Senior Lien Series 2025                                 | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3169963.56   | 0.52%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Refunding Series 2025                 | Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Refunding Series 2025                 | CUSIP: 593237GJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511229.80    | 0.08%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds, Drexel Foundation for Educational Excellence Project, Refunding  | Gary Local Public Improvement Bond Bank, Indiana, Economic Development Revenue Bonds, Drexel Foundation for Educational Excellence Project, Refunding  | CUSIP: 366761AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1213267.70   | 0.20%             | 2055-06-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2      | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $1622795.44   | 0.27%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton County, Texas, Special Assessment Revenue Bonds, Green Meadows Public Improvement District, Improvement Area 1 Project, Series 2025             | Denton County, Texas, Special Assessment Revenue Bonds, Green Meadows Public Improvement District, Improvement Area 1 Project, Series 2025             | CUSIP: 24880GAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215397.34    | 0.04%             | 2045-12-31      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Detroit Regional Convention Authority, Michigan, Special Tax Revenue Bonds, Refunding Series 2024C                                                     | Detroit Regional Convention Authority, Michigan, Special Tax Revenue Bonds, Refunding Series 2024C                                                     | CUSIP: 251220AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $875343.65    | 0.14%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority of Wisconsin, Wisconsin Revenue Note, KDC Agribusiness LLC Project, Series 2022B                                              | Public Finance Authority of Wisconsin, Wisconsin Revenue Note, KDC Agribusiness LLC Project, Series 2022B                                              | CUSIP: 74442PYN9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $10.00        | 0.00%             | 2025-12-31      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| West Globeville Metropolitan District 1, Denver, Colorado, General Obligation Limited Tax Bonds, Series 2024A-2                                        | West Globeville Metropolitan District 1, Denver, Colorado, General Obligation Limited Tax Bonds, Series 2024A-2                                        | CUSIP: 952866AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1372524.56   | 0.23%             | 2054-12-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2020                               | Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2020                               | CUSIP: 455054BD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3437808.44   | 0.57%             | 2039-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Painted Prairie Public Improvement Authority, Aurora, Colorado, Special Revenue Bonds, Series 2019                                                     | Painted Prairie Public Improvement Authority, Aurora, Colorado, Special Revenue Bonds, Series 2019                                                     | CUSIP: 69578NAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1081264.75   | 0.18%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silverstone Metropolitan District 3, Weld County, Colorado, General Obligation and Special Revenue Bonds, Limited Tax Series 2023                      | Silverstone Metropolitan District 3, Weld County, Colorado, General Obligation and Special Revenue Bonds, Limited Tax Series 2023                      | CUSIP: 82846KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2315803.58   | 0.38%             | 2045-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District 5, Lone Tree, Douglas County, Colorado, Limited Tax Supported and Special Revenue Bonds, Series 2021               | Rampart Range Metropolitan District 5, Lone Tree, Douglas County, Colorado, Limited Tax Supported and Special Revenue Bonds, Series 2021               | CUSIP: 75157WAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1729005.40   | 0.29%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project, Nebraska, Gas Project Revenue Bonds, Project 5, Series 2022-1                                                           | Central Plains Energy Project, Nebraska, Gas Project Revenue Bonds, Project 5, Series 2022-1                                                           | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3902600.25   | 0.64%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority, Michigan, Tax Increment Revenue Bonds, Catalyst Development Project, Refunding Series 2024                     | Detroit Downtown Development Authority, Michigan, Tax Increment Revenue Bonds, Catalyst Development Project, Refunding Series 2024                     | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1286663.44   | 0.21%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc. John F Kennedy International Airpor | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc. John F Kennedy International Airpor | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8055000 | PA      | $8232302.63   | 1.36%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2023                                                     | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2023                                                     | CUSIP: 167510AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087111.70   | 0.18%             | 2034-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment | New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2878292.13   | 0.48%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority, Revenue Bonds, Lifespace Communities, Inc., Series 2024A                                                                       | Iowa Finance Authority, Revenue Bonds, Lifespace Communities, Inc., Series 2024A                                                                       | CUSIP: 46247SFS8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     60000 | PA      | $59957.06     | 0.01%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund, Limited Obligation Revenue Bonds, I-75 Improvement Project, Series 2018                                                       | Michigan Strategic Fund, Limited Obligation Revenue Bonds, I-75 Improvement Project, Series 2018                                                       | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1668874.03   | 0.28%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure and Economic Development Bank, Revenue Bonds, Brightline West Passenger Rail Project, Green Bond Series 2025A                | California Infrastructure and Economic Development Bank, Revenue Bonds, Brightline West Passenger Rail Project, Green Bond Series 2025A                | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $5531459.58   | 0.91%             | 2065-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Michigan Hospital Finance Authority, Hospital Revenue Bonds, Corewell Health, Series 2025A                                                             | Michigan Hospital Finance Authority, Hospital Revenue Bonds, Corewell Health, Series 2025A                                                             | CUSIP: 59465HXD3<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521534.30   | 0.25%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, Revenue Bonds, Cooperative District Energy Supply Series 2024A                                                             | Southeast Energy Authority, Alabama, A Cooperative District Energy Supply Revenue Bonds Series 2024A                                                   | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7220907.40   | 1.19%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mayberry Community Authority, Colorado Springs, El Paso County, Colorado, Special Revenue Bonds, Series 2021A                                          | Mayberry Community Authority, Colorado Springs, El Paso County, Colorado, Special Revenue Bonds, Series 2021A                                          | CUSIP: 57788CAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $419817.50    | 0.07%             | 2051-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds, Northwestern Corporation Colstrip Project, Series 2023                    | Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds, Northwestern Corporation Colstrip Project, Series 2023                    | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2011610.58   | 0.33%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure T, Series 2025C                              | San Ysidro School District, San Diego County, California, General Obligation Bonds, 2020 Election Measure T, Series 2025C                              | CUSIP: 799561PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543506.75   | 0.25%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Nuveen Dynamic Municipal Opportunities Fund

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting