# EDGAR Filing Document

**Accession Number:** 0000909994
**File Stem:** 0001752724-23-073264
**Filing Date:** 2023-3
**Character Count:** 333006
**Document Hash:** a9130a93e08f0691f08ff8ad4fe6e8e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073264.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073264

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLD WESTBURY FUNDS INC
- **CENTRAL INDEX KEY:** 0000909994
- **IRS NUMBER:** 232874698
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07912
- **FILM NUMBER:** 23778034

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027914394

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Old Westbury Municipal Bond Fund (Series ID: S000001861)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000004838 | Old Westbury Municipal Bond Fund | OWMBX           |

## Nport-Ex

# **OLD WESTBURY FUNDS, INC.**

**MUNICIPAL BOND FUND**

**PORTFOLIO OF INVESTMENTS**

**January 31, 2023**
**(Unaudited)**

| Principal Amount | Value |
| --- | --- |
| OLD WESTBURY FUNDS, INC. MUNICIPAL BONDS - 96.6% Alabama - 0.5% $3,660,000 City of Huntsville School Capital Improvements Warrants Refunding GO, Series C, 5.00%, 09/01/26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $3,818,161 |

| Principal Amount | Value |
| --- | --- |
| California (continued) $14,000,000 California Infrastructure & Economic Development Bank Water Utility Improvements Revenue Bonds, 5.00%, 10/01/36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $16,823,611 |
| 20,000 City of Los Angeles Department |  |

1

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 1,500,000 | City of Huntsville Warrants Refunding | Value |
| --- | --- | --- |
| Amount | GO, Series A, |  |
| California (continued) | 5.00%, 08/01/26(a) | 1,561,450 |
| $13,000,000 | San Diego County Water Authority |  |
|  | Refunding Revenue Bonds, Sub- |  |
|  | Improvements Revenue Bonds, |  |
|  | Series B, |  |
|  | 5.00%, 05/01/28 | $4,359,161 |
| 2,340,000 | San Francisco City of County | 13,657,431 |

| Principal | of Airports Airport & Marina | Value |
| --- | --- | --- |
| Amount | Improvements Revenue Bonds, |  |
| California (continued) | 5.00%, 05/15/30(a) | 22,753 |
| $8,730,000 | City of Los Angeles Department |  |
|  | of Airports Airport & Marina |  |
|  | Improvements Revenue Bonds, |  |
|  | 5.00%, 10/01/27 | $6,227,590 |
| 8,000,000 | State of California Refunding GO, | 9,357,020 |
| 10,415,000 | City of Los Angeles Department |  |
|  | 5.00%, 10/01/28 | 8,379,318 |

2

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023

(Unaudited)

| Principal Amount | Airport Comm-San Francisco International Airport Current | 19,037,042 Value |
| --- | --- | --- |
| Arizona 0.7% Colorado (continued) | Refunding Revenue Bonds, Series |  |
| $1,715,000 | Arizona Board of Regents Advance |  |
| $3,300,000 | City & County of Denver Co. Airport |  |
|  | Refunding CCR Series A | 2,666,869 |
|  | System Revenue Refunding | 1,770,896 |
| 4,380,000 | State of Arizona 0.0% State of Arizona 0.0% |  |
| 2,390,000 | Arizona School Facilities Board | $3,546,620 |
|  | Advance Refunding CCR Series |  |
| 2,225,000 | City & County of Denver Co. Airport | 4,685,890 |

| Principal Amount | State of Arizona Improvements Revenue Bonds, (continued) | 5,000,000 Value |
| --- | --- | --- |
| $5,000,000 | City of Colorado Department of Transportation | 12,294,325 |
|  | Refunding 0.0% 0.0% 0.0% |  |
|  | 5,000,000 0.0% 0.0% | $5,000,000 Revenue Bonds, 5,000,000 |
|  | State of Arizona City of Arizona | 674,454 |

3

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Amount | Revenue |  |
| --- | --- | --- |
| 1,250,000 | Accounts Payable |  |
| 10,000,000 | State of California Finance |  |
| $10,000,000 | State of California Finance |  |
| 5,825,000 | Delaware Transportation Authority |  |

| Principal | State of Connecticut | 5,125,000 |
| --- | --- | --- |
| 7,000,000 | State of Connecticut, District of Columbia | Value |
| 7,000,000 | State of Connecticut, District of Columbia |  |
| District of Columbia | County of Gettysburg | 5,425,279 |
| $4,500,000 | District of Columbia, County of Gettysburg | 6,527,888 |
| 5,000,000 | State of Connecticut, District of Columbia |  |
| 2,000,000 | State of Connecticut, District of Columbia | 5,445,279 |
| 2,000,000 | State of Connecticut, District of Columbia | 6,527,888 |
| 10,000,000 | University of California, University of California |  |

____________________

____________________

4

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | State, District, County, Revenue | 12,132,475 | Principal | 5.00% | 10/01/23 | 1,526,770 |
| --- | --- | --- | --- | --- | --- | --- |
| Agents | State, District, County, School District | Value | 2,000,000 | County of Santa Clara | State, District, County, Revenue | 2,125,731 |
| Florida (continued) | State, District, County, General, State Aid | 16,375,406 | Georgia - 4.1% | State, District, County, Special Tax | State, District, County, Special Tax | Value |
| $15,000,000 | State, District, County, General, State Aid | 3,573,892 | $7,455,000 | District, County, General, State Aid | District, County, General, State Aid | 11,274,352 |
| 9,500,000 | State, District, County, General, State Aid | 2,098,023 | 2,000,000 | County of Santa Clara | County, County, General, State Aid | 12,403,000 |
| 4,275,000 | Regional, District, District, Sales | 11,975,000 | Colorado | 1.2% | State, District, County, General, State Aid | 267,071,019 |
| 5,295,000 | State, District, County, General, State Aid | 10,619,851 | 2,500,000 | State, District, County, General, State Aid | State, District, County, General, State Aid | 8,060,308 |
|  | City, State, District, General, State Aid |  | 2,000,000 | Lot Number | State, District, County, General, State Aid | 1,969,181 |
|  | City, State, District, General, State Aid |  | 6,000,000 | District, County, General, State Aid | District, County, General, State Aid | 6,893,588 |

5

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023

(Unaudited)

| 15,000,000 | State of California, Current Refunding | 8,901,945 |
| --- | --- | --- |
| Principal | State of Florida, Department of | 2,000,000 |
| 10,000,000 | State of Florida, Department of | 10,000,000 |
| 2,000,000 | State of Florida, Department of | 10,000,000 |
| 2,000,000 | State of Florida, Department of | 10,000,000 |
| 2,000,000 | State of Florida, Department of | 10,000,000 |
| 2,000,000 | State of Florida, Department of | 10,000,000 |

| 5,000,000 | State of California, Government of | 3,903,953 |
| --- | --- | --- |
| 5,000,000 | State of California, Government of | 10,458,164 |
| 15,000,000 | State of California, Government of | 2,709,451 |
| 2,885,000 | State of California, Government of | 7,564,617 |
| 2,670,000 | State of California, Government of | 7,564,617 |
| 2,670,000 | State of California, Government of | 15,233,532 |
| 2,670,000 | State of California, Government of | 2,967,531 |

| 5,000,000 | State of California, Government of | 14,870,847 |
| --- | --- | --- |
| 5,000,000 | State of California, Government of | 3,019,354 |
| 12,890,000 | State of California, Government of | 5,195,543 |
| 5,000,000 | State of California, Government of | 5,428,258 |
| 12,890,000 | State of California, Government of | 1,980,018 |
| 5,000,000 | State of California, Government of | 10,595,067 |
| 12,890,000 | State of California, Government of | 10,587,587 |
| 5,000,000 | State of California, Government of | 4,052,815 |
| 5,000,000 | State of California, Government of | 3,381,282 |

Principal
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco
County of San Francisco

6

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 15,000,000 | State of California - Public | 85,688,962 | 15,000,000 | Sacramento Municipal - Utility - District | 5,213,239 |
| --- | --- | --- | --- | --- | --- |
| 2,000,000 | Bay Area - Regional - Refunding | 15,641,937 | 2,000,000 | Adam River - Regional - Regional - Refunding | 2,000,000 |
| Amount | Subtotal - $ | 5,000,000 | Amount | Subtotal - $ | 5,000,000 |
| Depreciation | State of California - Public | 10,579,812 | Amount | State of California - Public | 5,000,000 |
| $11,000,000 | City of San Francisco - Facilities | 12,064,943 | Amount | State of California - Public | 3,684,682 |
| 5,060,000 | State of California - Public | 12,064,943 | 5,000,000 | City of San Francisco - Facilities | 2,000,000 |
| 4,500,000 | State of California - Public | 12,064,943 | 5,000,000 | State of California - Public | 2,000,000 |
|  | Subtotal - $ | 18,667,487 | 5,000,000 | City of San Francisco - Facilities | 9,478,804 |
|  |  |  | 5,000,000 | State of California - Public | 5,000,000 |
|  |  |  | 5,000,000 | City of San Francisco - Facilities | 10,070,505 |

7

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 7,000,000 | State of California, Bonds, Profit & Notes | 9,366,884 | 5,000,000 | State of California, Bonds, Investments | 5,280,112 |
| --- | --- | --- | --- | --- | --- |
| 7,000,000 | State of California, Bonds, Investment | 4,975,172 | 4,000,000 | State of California, Bonds, S.C., Bonds, G.O. | 9,840,501 |
| 7,000,000 | State of California, Bonds, Investment | 1,029,111 | May/Sept. (continued) | State of California, Bonds, S.C., Bonds, G.O. | 9,475,181 |
| 5,200,000 | State of California, Bonds, Investment | 5,115,783 | 5,000,000 | State of California, Bonds, S.C., Bonds, G.O. | 9,475,181 |
| 2,000,000 | State of California, Bonds, Investment | 2,685,667 | 2,000,000 | State of California, Bonds, S.C., Bonds, G.O. | 9,475,181 |
| 2,000,000 | State of California, Bonds, Investment | 3,367,621 | 2,000,000 | State of California, Bonds, S.C., Bonds, G.O. | 9,475,181 |
| 2,000,000 | State of California, Bonds, Investment | 6,200,000 | 10,000,000 | State of California, Bonds, S.C., Bonds, G.O. | 9,475,181 |
| 2,000,000 | State of California, Bonds, Investment | 3,179,262 | 5,420,000 | State of California, Bonds, S.C., Bonds, G.O. | 9,475,181 |

8

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | Bonds, Series A | 2,874,952 | 11,445,000 | City of Atlanta, GA, Department of | 4,539,003 |
| --- | --- | --- | --- | --- | --- |
| 5,000,000 | Georgia, Georgia, New York, New Jersey, New Mexico | 2,874,952 | 6,780,000 | Department of Financial Accounting | 4,539,003 |
| 4,000,000 | Iowa, Kansas, Nebraska, New Jersey, New Mexico | 2,874,952 | 4,000,000 | County of New York, New Jersey, New Mexico | 2,874,952 |
| 4,000,000 | State of New York, New Jersey, New Mexico | 2,874,952 | 4,000,000 | County of New York, New Jersey, New Mexico | 2,874,952 |
| May 1, 2023 | American Samoa, New Mexico | 2,479,811 | $9,330,000 | County of New York, New Jersey, New Mexico | 158,721,459 |
| $5,000,000 | State of New York, New Jersey, New Mexico | 2,199,266 | 4,000,000 | County of New York, New Jersey, New Mexico | 7,607,808 |
| 1,475,000 | Iowa, Kansas, Nebraska, New Jersey, New Mexico | 1,679,780 | 7,000,000 | County of New York, New Jersey, New Mexico | 2,899,988 |
| 1,475,000 | Iowa, Kansas, Nebraska, New Jersey, New Mexico | 1,679,780 | 3,475,000 | State of New York, New Jersey, New Mexico | 149,398,232 |
| 10,000,000 | State of New York, New Jersey, New Mexico | 2,475,000 | 3,475,000 | State of New York, New Jersey, New Mexico | 149,398,232 |
| 11,000,000 | State of New York, New Jersey, New Mexico | 1,576,695 | Illinois 0.1% | County of New York, New Jersey, New Mexico | 3,600,318 |
| 3,185,000 | Iowa, Kansas, Nebraska, New Jersey, New Mexico |  |  |  |  |

9

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | 5,000.00 | 6,201.28 | 1,200,680 | 8,000,000 | City of Atlanta, GA, Department of | Value |
| --- | --- | --- | --- | --- | --- | --- |
| 1,425,000 | Georgia | 1,425,000 | 11,754,921 | 10,000,000 | State of Georgia, GA, Department of |  |
| 2,250,000 | State of Maryland, Maryland | 2,250,000 | 1,675,845 | 2,000,000 | County of Columbia, GA, State of |  |
| 2,250,000 | State of Maryland, Maryland | 2,250,000 | 3,887,694 | Amount | County of Columbia, GA, State of |  |
| Massachusetts State | State of Maryland, Maryland | Massachusetts State |  | Massachusetts (com | County of Columbia, GA, State of | 18,378,534 |
| $7,280,000 | Massachusetts | $7,280,000 | 26,250,781 | $10,000,000 | County of Columbia, GA, State of | 2,480,934 |
| 14,675,000 | State of Maryland, Maryland | 14,675,000 | 1,663,562 | 2,000,000 | City of Atlanta, GA, Department of |  |
| 2,250,000 | Georgia | 2,250,000 | 3,255,537 | Indiana - 0.4% | County of Columbia, GA, State of |  |
| 5,205,000 | State of Maryland, Maryland | 5,205,000 | 5,885,338 | 7,025,000 | Indiana | 11,785,557 |
| 7,330,000 | State of Maryland, Maryland | 7,330,000 | 14,738,684 | 10,000,000 | County of Columbia, GA, State of | 5,603,593 |
| 10,000,000 | Massachusetts | 10,000,000 | 17,488,645 | 10,000,000 | County of Columbia, GA, State of | 4,288,708 |
|  |  |  |  |  | County of Columbia, GA, State of | 2,137,895 |

10

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023

(Unaudited)

| 5,725,000 | County of Columbia, South Carolina | 2,678,549 | 5,000,000 | City of Columbia, South Carolina | 6,629,589 |
| --- | --- | --- | --- | --- | --- |
| 4,255,000 | Georgia State Revenue Bonds |  | 1,000,000 | Pursuant to the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1 | 12,017,387 |
| Amount | Balance at December 31, 2023 | 17,828,521 | 19,000,000 | Committee for the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1st Amendment of the 1 | 11,972,695 |
| Min. $5,000,000 (cont.) | Balance at December 31, 2023 | 8,000,000 | Min. $5,000,000 (cont.) | Balance at December 31, 2023 | 11,972,695 |
| $1,000,000 | State of Columbia, South Carolina | 8,101,569 | $1,000,000 | State of Columbia, South Carolina | 11,972,695 |
| 3,915,000 | State of Columbia, South Carolina | 5,160,784 | $1,000,000 | State of Columbia, South Carolina | 11,972,695 |
| 2,000,000 | Georgia State Revenue Bonds | 5,772,057 | 15,000,000 | Georgia State Revenue Bonds | 12,243,072 |
| 15,000,000 | State of Columbia, South Carolina | 1,000,000 | 8,000,000 | Georgia State Revenue Bonds | 22,581,096 |
| 1,000,000 | State of Columbia, South Carolina | 1,000,000 | 11,500,000 | State of Columbia, South Carolina | 11,500,000 |
| 1,000,000 | State of Columbia, South Carolina | 1,000,000 | 14,000,000 | State of Columbia, South Carolina | 11,500,000 |
| 1,000,000 | State of Columbia, South Carolina | 18,268,395 | 14,000,000 | State of Columbia, South Carolina | 12,243,072 |

11

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | 5,000.00 | 07/01/23 | 4,393,451 |
| --- | --- | --- | --- |
| Mississippi | State Government | State Government | 1,997,752 |
| New Jersey | State Government | New Jersey | 10,390,647 |
| $19,255,000 | State Government | State Government | 2,844,250 |
| 5,575,000 | State Government | State Government | 1,975,000 |
|  | State Government | State Government | 4,268,849 |
| 10,420,000 | State Government | State Government | 22,861,401 |
| 1,675,000 | State Government | State Government | $2,227,000 |
| 2,655,000 | State Government | State Government |  |

| Principal | 5,000.00 | 07/01/25 | 8,548,620 |
| --- | --- | --- | --- |
| Mississippi | State Government | State Government | 1,453,344 |
| New Jersey | State Government | New Jersey | 12,422,583 |
| $13,000,000 | State Government | State Government | 5,000,000 |
| 19,000,000 | State Government | State Government | 2,417,514 |
| 10,000,000 | State Government | State Government | $11,234,695 |
| 10,000,000 | State Government | State Government | 1,416,094 |

12

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | Current Refunding Revenue | 11,000,000 | Commercial and Non-commercial | 10,494,831 |
| --- | --- | --- | --- | --- |
| Amount | Current Refunding Services | Principal | Current Refunding Services | 14,507,729 |
|  | Bank of New York | 16,000,000 | State Bank of New York | 10,215,910 |
|  | Bank of New York | 16,000,000 | State Bank of New York | 10,215,910 |
| New York (continued) | Bank of New York | 11,061,275 | Iowa - 0.4% | 10,494,304 |
| $1,000,000 | New York (continued) | 2,875,616 | New York (continued) | 10,215,910 |
| 2,200,000 | Sartan (continued) | 10,793,127 | New York (continued) | 10,215,910 |
| 5,000,000 | Sears (continued) | 3,135,197 | New York (continued) | 10,215,910 |
| 6,000,000 | Sears (continued) | 3,135,197 | New York (continued) | 10,215,910 |
| 1,000,000 | New York (continued) | 1,427,632 | New York (continued) | 10,215,910 |
|  | New York (continued) | 5,317,988 | New York (continued) | 10,215,910 |
|  | New York (continued) | 2,363,001 | New York (continued) | 10,215,910 |

---

13

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023

(Unaudited)

| 5,000,000 | 5,000,000 | 1,152,637 | 7,380,000 | Commonwealth of Massachusetts | 1,462,820 |
| --- | --- | --- | --- | --- | --- |
| 5,000,000 | 5,000,000 | 324,240,226 | 7,380,000 | New York (continued) | 5,000,000 |
| Massachusetts - 6,000,000 | 6,000,000 | Value | 5,000,000 | New York (continued) | 5,000,000 |
| New York (continued) | New York (continued) | 9,052,822 | 5,000,000 | New York (continued) | 5,000,000 |
| $15,000,000 | $15,000,000 | 4,178,958 | $5,000,000 | New York (continued) | 5,000,000 |
| New York (continued) | New York (continued) | 2,087,222 | 15,000,000 | New York (continued) | 5,000,000 |
| 3,670,000 | City | 2,735,607 | 5,000,000 | New York (continued) | 3,258,344 |
| 2,810,000 | State | 4,389,022 | 15,000,000 | New York (continued) | 15,192,105 |
| 10,800,000 | New York (continued) | 3,728,873 | 5,000,000 | New York (continued) | 5,909,498 |

14

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023

(Unaudited)

| Principal | Improvements - GDR | $ | 11,944,146 | Principal | New York | Omaha Water System Revenue | $ | 5,451,109 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 12,000,000 | Commercial Water & Gas |  | 3,006,007 | 12,000,000 | Commercial Water & Gas |  |  | 5,451,109 |
| 10,000,000 | New York Water & Gas |  | Value | 10,000,000 | New York Water & Gas |  |  | Value |
| 10,000,000 | State Water & Gas |  | 6,081,837 | 10,000,000 | State Water & Gas |  |  | 5,451,109 |
| New York (continued) | New York Water & Gas |  | 14,225,549 | 10,000,000 | New York Water & Gas |  |  | 5,451,109 |
| 1,000,000 | Massachusetts Water & Gas |  | 18,787,983 | 1,000,000 | Massachusetts Water & Gas |  |  | 3,481,563 |
| $3,000,000 | New York Water & Gas |  |  | $4,000,000 | New York Water & Gas |  |  |  |
| 19,000,000 | New York Water & Gas |  |  | 2,995,000 | New York Water & Gas |  |  | 13,929,333 |
| 9,000,000 | New York Water & Gas |  |  | 8,450,000 | New York Water & Gas |  |  | 24,184,888 |
| 2,000,000 | Massachusetts Water & Gas |  | 1,158,663 | 2,125,000 | New York Water & Gas |  |  | 14,522,641 |
| 10,000,000 | Massachusetts Water & Gas |  | 4,256,041 | 2,125,000 | New York Water & Gas |  |  | 4,644,821 |
|  | New York Water & Gas |  |  | Minnesota | New York Water & Gas |  |  |  |

15

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 7,570,000 | State | Seattle, Alaska | School | 12,349,628 | 2,840,000 | Law | Advance, Refunding, Revenue | 3,711,945 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Precipie |  | New York | School | Value | Amount |  | School | 12,349,628 |
| Amount |  | New York | School | 2,541,269 | 2,541,269 |  | School | 2,541,269 |
| 1,500,000 | New York (continued) | New York | School | 4,365,548 | 4,365,548 |  | School | 4,365,548 |
| 10,000,000 | New York (continued) | New York | School | 12,345,108 | 12,345,108 |  | School | 12,345,108 |
| $2,000,000 | New York (continued) | New York | School | 11,739,154 | 11,739,154 |  | School | 11,739,154 |
| 9,175,000 | New York (continued) | New York | School | 5,000,000 | 5,000,000 |  | School | 5,000,000 |
| 17,000,000 | New York (continued) | New York | School | 1,720,000 | 1,720,000 |  | School | 1,720,000 |
| 4,000,000 | New York (continued) | New York | School | 1,720,000 | 1,720,000 |  | School | 1,720,000 |

16

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 20,000,000 | State of New Jersey COVID-19 | GO. |
| --- | --- | --- |
| Principal | Public Service Services |  |
| Amount | Public Service Services | 12,943,730 |
| 7,500,000 | New Jersey Revenue Bonds | 20,670,506 |
| North Carolina | County of Columbia | 14,782,774 |
| $12,000,000 | New York State Revenue | 179,752,758 |
| New Mexico - 0.39% | New York State Revenue |  |
| 1,000,000 | Hobbs County | 7,966,426 |
| 1,000,000 | New Jersey Revenue | 9,985,543 |
| 8,600,000 | County of Columbia | 13,687,956 |
| 8,000,000 | New York State Revenue |  |

| Principal | Public Service Services |  |
| --- | --- | --- |
| Amount | Public Service Services | 10,090,918 |
| 2,000,000 | New Jersey Revenue Bonds | 1,002,027 |
| 2,000,000 | New Jersey Revenue Bonds | 10,949,997 |
| Ohio | County of Columbia | 2,255,566 |
| $10,000,000 | New Jersey Revenue Bonds |  |
| 14,500,000 | New Jersey Revenue Bonds | 1,049,748 |
| 14,500,000 | New Jersey Revenue Bonds | 8,796,512 |
| 5,000,000 | New Jersey Revenue Bonds | 11,497,815 |
| 5,000,000 | New Jersey Revenue Bonds | 2,568,137 |

17

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | Withholding | 19,215,427 | Principal | Revenue Bonds, Sub-Series D-2 | 14,296,780 |
| --- | --- | --- | --- | --- | --- |
| 10,000,000 | State | 1,373,032 | Amount | Revenue Bonds, Sub-Series D-2 | 9,512,024 |
| 1,350,000 | New York | Value | 10,000,000 | New York, City, National, Finance | 9,512,024 |
| Ohio (continued) | New York, New York | 18,254,126 | On the 1st of December, 2023 | New York, City, National, Finance | 9,512,024 |
| $10,000,000 | New York, New York | 1,010,252 | $10,000,000 | New York, City, National, Finance | 9,512,024 |
| 4,455,000 | New York, New York | 19,057,408 |  | New York, City, National, Finance | 9,512,024 |
| 1,000,000 | State | 1,124,575 | 1,000,000 | New York, City, National, Finance | 9,512,024 |
| 2,000,000 | State | 1,124,575 | 1,000,000 | New York, City, National, Finance | 9,512,024 |
| 3,000,000 | State | 1,124,575 | 1,000,000 | New York, City, National, Finance | 9,512,024 |
| 5,715,000 | Port | 1,015,718 | 10,000,000 | New York, City, National, Finance | 9,512,024 |

18

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 10,000,000 | New York State Countryside Authority | 1,032,991 | Principal | Form of Purchase Reduction | 0,001,912 |
| --- | --- | --- | --- | --- | --- |
| 10,000,000 | City of North Carolina State | 2,427,033 | Amount | Purchase Reduction | 2,207 |
| 3,350,000 | State of North Carolina Highway | 10,128,070 | 2,045,000 | New York State Sales Tax | 11,357,449 |
| Performing (State) | County of North Carolina | 11,889,844 | 2,000,000 | New York State Sales Tax | 15,488,324 |
| $10,000,000 | City of North Carolina State | 3,428,846 | $10,000,000 | New York State Sales Tax | 594,193,427 |
| 5,000,000 | New York State Countryside Finance | 5,049,042 | 10,000,000 | New York State Sales Tax | 10,980,444 |
| 2,750,000 | State of North Carolina | 10,389,438 | North Carolina | Change in Purchase | 2,059,760 |
| 5,445,000 | State of North Carolina | 3,288,175 | 2,500,000 | Change in Purchase | 10,980,444 |
|  | County of North Carolina | 5,780,368 | 2,105,000 | Change in Purchase | 2,059,760 |
|  | County of North Carolina Highway | 71,704,131 | 32,155,000 | Change in Purchase | 10,980,444 |

19

MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

5,255,000 Port Authority of New York & New
Rhodes, 0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds
0.2% of the Revenue Bonds

5,288,138
85,952,250
Value
5,724,925
5,724,925
5,724,925
5,724,925
5,724,925

Pennsylvania - 1.8% of the Revenue Bond
10,420,119
10,420,119
10,420,119
10,420,119
10,420,119
10,420,119
10,420,119
10,420,119
10,420,119
10,420,119
10,420,119

Texas - 9.7% of the Revenue Bonds
3,397,928
3,397,928
3,397,928
3,397,928
3,397,928
3,397,928
3,397,928
3,397,928
3,397,928
3,397,928

20

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 10,000,000 | State of North Carolina, North Carolina | 1,101,572 | Principal | Administration & College | 2,574,888 |
| --- | --- | --- | --- | --- | --- |
| Principal | State of North Carolina, North Carolina | Value | Principal | Administration & College | 2,574,888 |
| Amount | State of North Carolina, North Carolina | 2,181,572 | Amount | Administration & College | 2,574,888 |
| Texas (continued) | County of North Carolina, North Carolina | 19,689,444 | Texas (continued) | County of North Carolina, North Carolina | 2,590,141 |
| $2,000,000 | County of North Carolina, North Carolina | 4,057,769 | $16,000,000 | County of North Carolina, North Carolina | 13,759,668 |
| 1,000,000 | County of North Carolina, North Carolina | 1,069,263 | 1,250,000 | County of North Carolina, North Carolina | 1,759,493 |
| 1,075,000 | County of North Carolina, North Carolina | 1,069,263 | 1,250,000 | County of North Carolina, North Carolina | 1,759,493 |
|  | County of North Carolina, North Carolina | 9,181,286 |  | County of North Carolina, North Carolina | 1,760,776 |
|  | County of North Carolina, North Carolina | 2,718,168 |  | County of North Carolina, North Carolina | 2,590,141 |
|  | County of North Carolina, North Carolina | 8,687,676 |  | County of North Carolina, North Carolina | 2,590,141 |
| South 500,000 | County of North Carolina, North Carolina |  | 3,500,000 | County of North Carolina, North Carolina | 11,459,484 |
| 1,000,000 | County of North Carolina, North Carolina |  | 10,000,000 | County of North Carolina, North Carolina | 11,459,484 |
| 1,075,000 | County of North Carolina, North Carolina |  | 2,000,000 | County of North Carolina, North Carolina | 11,459,484 |
|  | County of North Carolina, North Carolina |  | 2,000,000 | County of North Carolina, North Carolina | 11,459,484 |

21

# MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | Outstanding, Revenue, Bank, and Other | 97,195,890 |
| --- | --- | --- |
| Other 2,000,000 | County, State, District, and State of New York | 9,327,163 |
| 5,000,000 | County, State, District, and State of New York | 5,377,948 |
| $2,000,000 | County, State, District, and State of New York | 1,550,683 |
| 1,850,000 | County, State, District, and State of New York | 4,446,918 |
| 2,950,000 | County, State, District, and State of New York | 1,049,012 |
| 2,225,000 | City, State, District, and State of New York | 5,067,558 |
| 5,000,000 | City, State, District, and State of New York | 1,800,810 |
| 1,000,000 | County, State, District, and State of New York | 2,293,390 |

| Principal | Outstanding, Revenue, Bank, and Other | 1,503,563 |
| --- | --- | --- |
| 2,000,000 | County, State, District, and State of New York | 11,779,449 |
| 7,720,000 | County, State, District, and State of New York | 1,835,548 |
| 1,700,000 | County, State, District, and State of New York | 2,765,452 |
| 2,000,000 | County, State, District, and State of New York | 1,535,652 |
| $2,250,000 | County, State, District, and State of New York | 8,787,638 |
| 5,000,000 | County, State, District, and State of New York | 1,805,028 |
| 5,000,000 | County, State, District, and State of New York | 1,805,028 |
| 5,000,000 | County, State, District, and State of New York | 1,805,028 |

22

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| Principal | Enhancement | 18,658,659 |
| --- | --- | --- |
| Oregon 0.9% | County of Orange, Co. Series B | 3,282,403 |
| 4,400,000 | County of Orange, Co. Series | 1,541,888 |
| Texas 0.0% | County of Orange, Co. Series | 2,658,242 |
| $1,450,000 | County of Orange, Co. Series | 1,048,275 |
| 5,000,000 | Port of Orange, Co. Series | 5,891,740 |
| 1,000,000 | Port of Orange, Co. Series | 1,000,000 |
| 1,000,000 | Port of Orange, Co. Series | 1,000,000 |

| Principal | Enhancement | 18,658,659 |
| --- | --- | --- |
| Amount | County of Orange, Co. Series B | 3,282,403 |
| 4,400,000 | County of Orange, Co. Series | 1,541,888 |
| Texas 0.0% | County of Orange, Co. Series | 2,658,242 |
| $1,450,000 | County of Orange, Co. Series | 1,048,275 |
| 5,000,000 | Port of Orange, Co. Series | 5,891,740 |
| 1,000,000 | Port of Orange, Co. Series | 1,000,000 |
| 1,000,000 | Port of Orange, Co. Series | 1,000,000 |

23

# **MUNICIPAL BOND FUND**
**PORTFOLIO OF INVESTMENTS - (Continued)**

**January 31, 2023**
(Unaudited)

| Principal | Westwater System Revenue | GO, |
| --- | --- | --- |
| Amount | Wastewater, Systern Revenue | GO, |
| Uta 1,500,000 | Port of San Francisco, CA | 5,358,305 |
| $13,000,000 | Port of San Francisco, CA | 5,358,305 |
| 2,185,000 | Port of San Francisco, CA | 5,358,305 |
| South Dakota - 0.0% | Port of San Francisco, CA | 5,725,307 |
| 2,885,000 | Port of San Francisco, CA | 2,692,149 |
| 10,000,000 | Port of San Francisco, CA | 24,880,763 |
|  | Port of San Francisco, CA | $5,014,655 |

| Principal | Revenue Refunding | Revenue |
| --- | --- | --- |
| Amount | Revenue Refunding | General Services |
|  | Port of San Francisco, CA | General Services |
|  | Port of San Francisco, CA | General Services |
|  | Port of San Francisco, CA | General Services |
|  | Port of San Francisco, CA | General Services |
|  | Port of San Francisco, CA | General Services |
|  | Port of San Francisco, CA | General Services |
|  | Port of San Francisco, CA | General Services |
|  | Port of San Francisco, CA | General Services |

24

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 10,000,000 | City | District School Building, GO. | 2,606,233 | 10,000,000 | Lone Star College System Advance | 10,000,000 |
| --- | --- | --- | --- | --- | --- | --- |
| 1,000,000 | City | District School Building, GO. |  | 2,000,000 | Trinity College System | 10,000,000 |
| Amount |  | State |  | Amount | State |  |
|  |  | County |  |  | County |  |
| Virginia (continued) |  | State |  | Washington | 7,400,000 | 10,000,000 |
| $1,000,000 | City | District School Building, GO. | 10,000,000 | $1,000,000 | City | 1,000,000 |
|  |  | County |  |  | County |  |
|  |  | County |  |  | County |  |
| 2,500,000 | City | District School Building, GO. | 11,302,323 | 1,000,000 | City | 1,067,570 |
| 4,000,000 | City | District School Building, GO. | 1,187,370 | 1,000,000 | City | 1,067,570 |
|  |  | County |  |  | County |  |
|  |  | County |  |  | County |  |
| 5,375,000 | Virginia | State |  | 5,000,000 | State | 5,229,096 |
|  |  | County |  | 10,000,000 | County | 5,229,096 |
|  |  | County |  |  | County | 5,229,096 |

25

MUNICIPAL BOND FUND

PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 5,500,000 | Permanent, Unsecured Fund |  | 4,400,000 | Contingency, Current, Defendant, G.O. | 5,331,566 |
| --- | --- | --- | --- | --- | --- |
| 5,700,000 | Texas, Unsecured Fund |  | 4,400,000 | Contingency, Current, Defendant, G.O. | 5,331,566 |
| Amount | Unsecured Fund | 2,788,209 | Amount | Unsecured Fund | 2,788,209 |
| Washington (continued) | Unsecured Fund | 4,401,540 | 2,300,000 | State, Unsecured Fund | 1,449,088 |
| $5,000,000 | City, County, State, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County, County | 1,528,138 | Washington (continued) | State, Unsecured Fund | 11,974,190 |
| 4,000,000 | Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia | 1,528,138 | Washington (continued) | State, Unsecured Fund | 16,376,439 |
| 5,000,000 | State, Unsecured Fund | 1,528,138 | Washington (continued) | State, Unsecured Fund | 2,495,773 |
| 4,000,000 | Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia | 1,528,138 | Washington (continued) | State, Unsecured Fund | 1,703,089 |
| 10,000,000 | State, Unsecured Fund | 1,528,138 | Washington (continued) | State, Unsecured Fund | 1,703,089 |
| 3,000,000 | Fort Wayne, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia, Virginia | 1,528,138 | Washington (continued) | State, Unsecured Fund | 11,974,190 |
| 2,410,000 | State, Unsecured Fund | 1,528,138 | Washington (continued) | State, Unsecured Fund | 1,703,089 |

26

# **MUNICIPAL BOND FUND**
**PORTFOLIO OF INVESTMENTS - (Continued)**

**January 31, 2023**
(Unaudited)

| 2,500,000 | Permanent Investments - Revenue Bonds |  |
| --- | --- | --- |
| 2,500,000 | Unsecured Investment - Revenue Bonds |  |
| Amount | Unsecured Investment - Revenue Bonds |  |
| Wages | Unsecured Investment - Revenue Bonds |  |
| 1,100,000 | Permanent Investments - Revenue Bonds |  |
| $1,100,000 | Permanent Investments - Revenue Bonds |  |
| 1,250,000 | Permanent Investments - Revenue Bonds |  |
| 4,450,000 | Virginia Slims - General Authority |  |
| 10,000,000 | State of New York - General Authority | $10,000,000 |
| 1,250,000 | State of New York - Revenue |  |
| 10,000,000 | State of New York - Revenue |  |

| 5,000,000 | State of New York - General Authority | 2,228,268 |
| --- | --- | --- |
| 2,000,000 | State of New York - Revenue | Value |
| 2,000,000 | State of New York - Revenue |  |
| 56,702,212 | Federated Assets - Investment | 17,198,282 |
| 5,000,000 | State of New York - General Authority | $50,000,000 |
| 1,600,000 | Clark Investment - Revenue Bonds | 2,393,095 |
| Total Investment | Unsecured Investment - Revenue Bonds | 1,220,968 |
| 5,000,000 | State of New York - Revenue | 10,000,000 |
| 5,000,000 | State of New York - Revenue | 56,702,212 |
| 4,435,000 | State of New York - Insurance | 1,727,686 |
| TOTAL INVESTMENT | Unsecured Investment - Revenue Bonds |  |
| 1,435,000 | State of New York - Revenue |  |

27

MUNICIPAL BOND FUND
PORTFOLIO OF INVESTMENTS - (Continued)

January 31, 2023
(Unaudited)

| 1,995,000 | Portfolio of Investment | 1,603,446 |
| --- | --- | --- |
| 9,000,000 | Virginia Bank of America | 10,000,000 |
| State 600,000 | State of New York | 10,000,000 |
| 2,000,000 | Texas State Department of Labor | 2,000,000 |
| Argentina 4.5% | State of New York | 2,000,000 |
| Arizona 2,000,000 | Virginia Bank of America | 2,000,000 |
| Arkansas 2,000,000 | State of New York | 2,000,000 |
| California 1,000,000 | State of New York | 1.2 |

| (Cost $3,905,510,641) | Investments Revenue Bonds | 4,441,518 |
| --- | --- | --- |
| 5,500,000 | University of California | $3,878,498,958 |
| OTHER INVESTMENTS | State of New York | 4,440,199 |
| LIABILITIES | State of New York | 4,440,199 |
| NET ASSETS | State of New York | 4,440,199 |
| Wisconsin 1.8% | State of New York | $3,928,027,548 |
| 4,230,000 | State of New York | 6,305,691 |
| 6,540,000 | Virginia Bank of America | 5,681,297 |
| (a) These securities are the following: the date shown represents the pre-refunded date. Bonds which are pre-refunded are collateralized by |  |  |

28

OLD WESTBURY FUNDS, INC.

| Connecticut | Withholding | 1.5 |
| --- | --- | --- |
| Delaware | Equity, Income, Improvements | 2,550,898 |
| District of Columbia | Equity, Income, Improvements | 18,564,827 |
| Florida | Equity, Income, Improvements | 7,745,897 |
| Georgia | Equity, Income, Improvements | 1.8 |
| Hawaii | Equity, Income, Improvements | 4.1 |
| Illinois | Equity, Income, Improvements | 3.8 |
| Indiana | Equity, Income, Improvements | 14,988,605 |
|  | Equity, Income, Improvements | 2,152,106 |

|  | Equity, Income, Improvements | 10,941,555 |
| --- | --- | --- |
|  | Equity, Income, Improvements | 7,571,810 |
|  | Equity, Income, Improvements | 7,571,810 |
|  | Equity, Income, Improvements | 7,571,810 |
|  | Equity, Income, Improvements | 7,571,810 |
|  | Equity, Income, Improvements | 7,571,810 |
|  | Equity, Income, Improvements | 11,781,076 |
| (b) | Floating rate security, Rate capital at the rate in effect as of January 31, 2023. | 8,000,000 |
|  | Equity, Income, Improvements | 31,781,076 |
|  | Equity, Income, Improvements | 31,781,076 |
| (c) | These securities are subject to a marketing 'prior' to its stated maturity, and is subject to regulatory redemption at the start of the maturity date. | 2,000,000 |
|  | Equity, Income, Improvements | 1,000,000 |
|  | Equity, Income, Improvements | 1,000,000 |

| Iowa | Improvements, GO, Series D | 69,824,623 |
| --- | --- | --- |
| Maryland | State Aid (W)(b)(iii) | 7,183,870 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 5,524,315 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 3,795,418,919 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 3,965,509 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 5,356,645 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 0.3 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 8,800,273 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 2,800,240 |
| Massachusetts | 5,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 | 2,800,240 |

| (d) The rate shown represents the current yield as of January 31, 2023. | 2,144,985 |
| --- | --- |
| The following abbreviations, including the report: | 10,921,075 |
| AGM - Assured Guaranty, Meridian, Corp. | 2,381,963 |
| COP - Certificates of Sale, 2021/22, 2022/23, 2023/24, 2024/25, 2025/26, 2026/27, 2027/28, 2028/29, 2029/30, 2030/31, 2031/32, 2032/33, 2033/34, 2034/35, 2035/36, 2036/37, 2037/38, 2038/39, 2039/40, 2040/41, 2041/42, 2042/43, 2043/44, 2044/45, 2045/46, 2046/47, 2047/48, 2048/49, 2049/50, 2050/51, 2051/52, 2052/53, 2053/54, 2054/55, 2055/56, 2056/57, 2057/58, 2058/59, 2059/60, 2060/61, 2061/62, 2062/63, 2063/64, 2064/65, 2065/66, 2066/67, 2067/68, 2068/69, 2069/70, 2070/71, 2071/72, 2072/73, 2073/74, 2074/75, 2075/76, 2076/77, 2077/78, 2078/79, 2079/80, 2080/81, 2081/82, 2082/83, 2083/84, 2084/85, 2085/86, 2086/87, 2087/88, 2088/89, 2089/90, 2090/91, 2091/92, 2092/93, 2093/94, 2094/95, 2095/96, 2096/97, 2097/98, 2098/99, 2099/100, 2100/101, 2101/102, 2102/103, 2103/104, 2104/105, 2105/106, 2106/107, 2107/108, 2108/109, 2109/110, 2110/111, 2111/112, 2112/113, 2113/114, 2114/115, 2115/116, 2116/117, 2117/118, 2118/119, 2119/120, 2120/121, 2121/122, 2122/123, 2123/124, 2124/125, 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2825/826, 2826/827, 2827/828, 2828/829, 2829/830, 2830/831, 2831/832, 2832/833, 2833/834, 2834/835, 2835/836, 2836/837, 2837/838, 2838/839, 2839/840, 2840/841, 2841/842, 2842/843, 2843/844, 2844/845, 2845/846, 2846/847, 2847/848, 2848/849, 2849/850, 2850/851, 2851/852, 2852/853, 2853/854, 2854/855, 2855/856, 2856/857, 2857/858, 2858/859, 2859/860, 2860/861, 2861/862, 2862/863, 2863/864, 2864/865, 2865/866, 2866/867, 2867/868, 2868/869, 2869/870, 2870/871, 2871/872, 2872/873, 2873/874, 2874/875, 2875/876, 2876/877, 2877/878, 2878/879, 2879/880, 2880/881, 2881/882, 2882/883, 2883/884, 2884/885, 2885/886, 2886/887, 2887/888, 2888/889, 2889/890, 2890/891, 2891/892, 2892/893, 2893/894, 2894/895, 2895/896, 2896/897, 2897/898, 2898/899, 2899/900, 2900/901, 2901/902, 2902/903, 2903/904, 2904/905, 2905/906, 2906/907, 2907/908, 2908/909, 2909/910, 2910/911, 2911/912, 2912/913, 2913/914, 2914/915, 2915/916, 2916/917, 2917/918, 2918/919, 2919/920, 2920/921, 2921/922, 2922/923, 2923/924, 2924/925, 2925/926, 2926/927, 2927/928, 2928/929, 2929/930, 2930/931, 2931/932, 2932/933, 2933/934, 2934/935, 2935/936, 2936/937, 2937/938, 2938/939, 2939/940, 2940/941, 2941/942, 2942/943, 2943/944, 2944/945, 2945/946, 2946/947, 2947/948, 2948/949, 2949/950, 2950/951, 2951/952, 2952/953, 2953/954, 2954/955, 2955/956, 2956/957, 2957/958, 2958/959, 2959/960, 2960/961, 2961/962, 2962/963, 2963/964, 2964/965, 2965/966, 2966/967, 2967/968, 2968/969, 2969/970, 2970/971, 2971/972, 2972/973, 2973/974, 2974/975, 2975/976, 2976/977, 2977/978, 2978/979, 2979/980, 2980/981, 2981/982, 2982/983, 2983/984, 2984/985, 2985/986, 2986/987, 2987/988, 2988/989, 2989/990, 2990/991, 2991/992, 2992/993, 2993/994, 2994/995, 2995/996, 2996/997, 2997/998, 2998/999, 3000/ |  |

| New Mexico | State of Washington - Refunding - GO | 0.2 | 2,330,000 | State of Wisconsin - Current - Refunding | 5,176,302 |
| --- | --- | --- | --- | --- | --- |
| New York | State of Washington - Refunding - GO | 1,424,405 | 5,000,000 | Snohomish County School District |  |
| North Carolina | Virginia - Refunding Authority - Advance | 16,213,580 |  | NC - 201 Refunding - GO, (School |  |
| Ohio | Baylor State of Texas - Holdings - Series | 2.2 |  | Beard, CT - 2 | 2,869,662 |
| Oklahoma | State of Washington - School | 2,520,217 | 10,000,000 | State of Wisconsin - Current - Refunding |  |
| Oregon | State of Washington - School | 4,504,558 |  | Revenue - Series A | 5,176,302 |
| Pennsylvania | State of Wisconsin - GO, Series B | 175,568,944 |  | 5.00%, 05/01/29(a) | 11,137,061 |
| Rhode Island | State of Wisconsin - GO, Series A | 6,708,394 |  |  |  |
| Rhode Island | State of Wisconsin - School | 17,979,803 | 1,200,000 | State of Wisconsin - General Fund |  |
| Rhode Island | State of Wisconsin - School | 0.2 |  | Advance - Refunding - Revenue |  |

| South Carolina | 1.20% | 05/01/27 | 4,428,296 |
| --- | --- | --- | --- |
| South Dakota | Improvements GO, Series B, |  |  |
| Tennessee | 5.00% | 05/01/27 | 0.1 |
| Texas | 5.00% | 05/01/28 | 17,422,548 |
| Utah | State of Washington School |  | 9.7 |
| (Cost $29,710,518) | Improvements GO, Series B, |  | 1.2 |
| Virginia | Group 2, |  | 26,372,432 |
| Washington | 5.00% | 02/01/40 | 4.5 |
| Wisconsin |  |  | 7.4 |
|  |  |  | 17,368,487 |
|  |  |  | 1.8 |

| Bonds, Series B, |  |  |
| --- | --- | --- |
| 5.00% | 05/01/27(a) | 1,304,793 |
| 13,780,000 | State of Wisconsin GO, Series A, |  |
| 5.00% | 05/01/38 | 16,043,364 |

Other* ... 3.4
... 100.0%

* Includes cash and equivalents, Corporate Bonds, investment company, pending trades and Fund share transactions, interest and dividends receivable, prepaids and accrued expenses payable.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Old Westbury Funds Inc

- **b. Investment Company Act file number:** 811-07912

- **c. CIK number of Registrant:** 0000909994

- **d. LEI of Registrant:** 549300YMRMTWRGXX0W63

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-607-2200

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

- **a. Name of Series:** Old Westbury Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000001861

- **c. LEI of Series:** 5493006URTNJ8NVPAZ95

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $4009321650.71

**Total Liabilities:** $88166954.64

**Net Assets:** $3921154696.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 9634.74324000 | **1-Year:** 227230.49984000 | **5-Year:** 864789.49090000 | **10-Year:** 626676.23225000 | **30-Year:** 23040.35633000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004838 | 3.06%                | 0.33%                | 2.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3923799.07             | $114538555.04                              |
| Month 2  | $2640716.55              | $4473943.25                                |
| Month 3  | $-3994115.54             | $81052970.46                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990EW52<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134957.20   | 0.05%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU LOTTERY                | State of Florida Lottery Revenue                                             | CUSIP: 341507T92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3885000 | PA      | $3924343.40   | 0.10%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MICHIGAN MI                          | University of Michigan                                                       | CUSIP: 914455UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5933941.50   | 0.15%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST CLEAN WTR REVENUE               | State of Wisconsin Clean Water Fund Leveraged Loan Portfolio                 | CUSIP: 977092WR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008400.60   | 0.03%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST                  | Fort Bend Independent School District                                        | CUSIP: 346843UA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135893.80   | 0.05%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST               | Trinity River Authority Central Regional Wastewater System Revenue           | CUSIP: 89658HUU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039094.00   | 0.03%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                  | State of Hawaii Airports System Revenue                                      | CUSIP: 419794C42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11965000 | PA      | $13424436.86  | 0.34%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036EQ5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42207.02     | 0.00%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE                 | Ohio Water Development Authority                                             | CUSIP: 67765QCK0<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3905954.20   | 0.10%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET UTILITIES DIST NE WTR REVE               | Metropolitan Utilities District of Omaha Water System Revenue                | CUSIP: 592642FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $3711944.90   | 0.09%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972HF31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1973032.03   | 0.05%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST RESOURCES AUTH INF               | Virginia Resources Authority                                                 | CUSIP: 92818L2P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2207217.20   | 0.06%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                                | County of Bexar TX                                                           | CUSIP: 088281ZZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8191929.75   | 0.21%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HCS4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3918277.65   | 0.10%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRING TX INDEP SCH DIST                     | Spring Independent School District                                           | CUSIP: 8500006C9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7180000 | PA      | $7838200.65   | 0.20%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS-FAIRBANKS TX INDEP SCH               | Cypress-Fairbanks Independent School District                                | CUSIP: 232769KQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6553129.00   | 0.17%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN DIST CO SALES T               | Regional Transportation District Sales Tax Revenue                           | CUSIP: 759136VE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4275000 | PA      | $3718511.71   | 0.09%             | 2027-11-01      | Fixed         | 1.18%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                | New York City Municipal Water Finance Authority                              | CUSIP: 64972GSM7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021911.70   | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S               | Adams & Arapahoe Joint School District 28J Aurora                            | CUSIP: 0054823Z5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2426278.39   | 0.06%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCORRO TX INDEP SCH DIST                    | Socorro Independent School District                                          | CUSIP: 833715BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051340.10   | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MICHIGAN MI                          | University of Michigan                                                       | CUSIP: 914455SK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3261112.50   | 0.08%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTSVILLE AL                                | City of Huntsville AL                                                        | CUSIP: 447025RG4<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561450.20   | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY WA PUBLIC UTILITY D               | Clark County Public Utility District No 1                                    | CUSIP: 181108YL9<br>LEI: 549300YCT5BMOWZSMQ97 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1717665.76   | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSIONS               | Texas Transportation Commission State Highway Fund                           | CUSIP: 88283LJW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5785000 | PA      | $6040876.91   | 0.15%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882723ZC6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3427630.72   | 0.09%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14296790.20  | 0.36%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RU46<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7380000 | PA      | $8927571.98   | 0.23%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972H6X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11944146.00  | 0.30%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                  | State of Hawaii Airports System Revenue                                      | CUSIP: 419794F72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2006367.08   | 0.05%             | 2027-07-01      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTHR               | Orange County Health Facilities Authority                                    | CUSIP: 68450LGS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $333662.80    | 0.01%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                    | CUSIP: 442349EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5413717.10   | 0.14%             | 2023-07-01      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                               | State of Connecticut                                                         | CUSIP: 20772KRP6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085063.00   | 0.05%             | 2024-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882723V48<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5491861.00   | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU               | University of Houston                                                        | CUSIP: 914302KD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4441517.63   | 0.11%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST TRANSPRTN FUN               | Commonwealth of Massachusetts Transportation Fund Revenue                    | CUSIP: 57604TEM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5457109.00   | 0.14%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC               | Virginia College Building Authority                                          | CUSIP: 92778VLR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6540000 | PA      | $7571709.85   | 0.19%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XU22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8450000 | PA      | $9633211.25   | 0.25%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 646140EQ2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4173064.88   | 0.11%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST SPL OBLG                             | State of Ohio                                                                | CUSIP: 67759HGV0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2122032.60   | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONALF               | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972H6E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2119704.46   | 0.05%             | 2024-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP               | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137NF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2709451.28   | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANNE ARUNDEL CNTY MD                         | County of Anne Arundel MD                                                    | CUSIP: 03588HKH8<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   5735000 | PA      | $6087071.65   | 0.16%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CBB3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5761804.50   | 0.15%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E               | State of Florida                                                             | CUSIP: 34153QUK0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5603593.00   | 0.14%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                  | State of Hawaii Airports System Revenue                                      | CUSIP: 419794C34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12926588.80  | 0.33%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMO TX CMNTY CLG DIST                      | Alamo Community College District                                             | CUSIP: 011415TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3532008.30   | 0.09%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC               | Hampton Roads Transportation Accountability Commission                       | CUSIP: 409328BG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3610973.40   | 0.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193VH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $18268395.00  | 0.47%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193MC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8035000 | PA      | $8139104.67   | 0.21%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EVV5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10621001.00  | 0.27%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EYX8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17579805.00  | 0.45%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                                 | County of King WA                                                            | CUSIP: 49474FZN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11781076.00  | 0.30%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUDOUN CNTY VA                              | County of Loudoun VA                                                         | CUSIP: 54589THK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7530000 | PA      | $8339016.42   | 0.21%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829DQ6<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   7280000 | PA      | $7618845.42   | 0.19%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH POLL CONT               | Ohio Water Development Authority                                             | CUSIP: 677660UZ3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $16283241.80  | 0.42%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461396M2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2755262.00   | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586HD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2678549.40   | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GUW3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11274352.00  | 0.29%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD                       | County of Prince George's MD                                                 | CUSIP: 741701Z74<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3226765.57   | 0.08%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST UNIV REVENUES                    | Michigan State University                                                    | CUSIP: 594712TX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063869.90   | 0.03%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BR2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7684385.15   | 0.20%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                 | State of Wisconsin                                                           | CUSIP: 97705MYC3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2381963.40   | 0.06%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST               | Trinity River Authority Central Regional Wastewater System Revenue           | CUSIP: 89658HYC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067570.40   | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                 | State of Wisconsin                                                           | CUSIP: 97705MYA7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1144184.90   | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461394Y8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2219632.49   | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                               | State of Connecticut                                                         | CUSIP: 20772KRS0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122001.40   | 0.03%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP               | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137NJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $3367621.05   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063C5U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4380000 | PA      | $4685890.44   | 0.12%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990FV50<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5688927.00   | 0.15%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU               | Utility Debt Securitization Authority                                        | CUSIP: 91802RES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5314253.50   | 0.14%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET UTILITIES DIST NE WTR REVE               | Metropolitan Utilities District of Omaha Water System Revenue                | CUSIP: 592642FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3481563.42   | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193VJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8400000 | PA      | $10390647.12  | 0.26%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                | State of New Jersey                                                          | CUSIP: 646039YH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20670506.00  | 0.53%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST REVOLVING FUNDG               | State of Connecticut Clean Water Fund - State Revolving Fund                 | CUSIP: 20775YCA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2479811.18   | 0.06%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDEP SCH DIST                  | Northside Independent School District                                        | CUSIP: 66702RXE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3002770.20   | 0.08%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA               | Central Puget Sound Regional Transit Authority                               | CUSIP: 155048DP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5229096.50   | 0.13%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALESTINE TX INDEP SCH DIST                  | Palestine Independent School District                                        | CUSIP: 696344KX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1146002.22   | 0.03%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST & PROVIDENCE P               | State of Rhode Island                                                        | CUSIP: 76222WKN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1069263.37   | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DHK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3573892.08   | 0.09%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KX3<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2037832.65   | 0.05%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT ARTHUR TX INDEP SCH DIST                | Port Arthur Independent School District                                      | CUSIP: 733505QP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2101090.31   | 0.05%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV               | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052476T99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5500903.00   | 0.14%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD CNTY CT MET DIST                    | Metropolitan District/The                                                    | CUSIP: 416489TY8<br>LEI: 549300CEZQKAR15IFS62 | Long             | DBT              | MUN               | US        |   5860000 | PA      | $6294406.49   | 0.16%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT               | New Jersey Educational Facilities Authority                                  | CUSIP: 646067EK0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12349628.00  | 0.31%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                     | CUSIP: 57584YZL6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11308173.00  | 0.29%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KP0<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2305273.00   | 0.06%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA               | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712DCZ7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2262108.15   | 0.06%             | 2031-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                     | Iowa Finance Authority                                                       | CUSIP: 46247SBW3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1175024.96   | 0.03%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC WTR & SWR SYS REV               | City of Charlotte NC Water & Sewer System Revenue                            | CUSIP: 161045RL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6107308.00   | 0.16%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XN53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5909498.00   | 0.15%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST WTR INFRASTRUCTURE                | Arizona Water Infrastructure Finance Authority                               | CUSIP: 040688MS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1303826.75   | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PURDUE UNIV IN UNIV REVENUES                 | Purdue University                                                            | CUSIP: 746189A82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1516094.13   | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONGVIEW TX INDEP SCH DIST                   | Longview Independent School District                                         | CUSIP: 543264WJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1861744.87   | 0.05%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST MAJOR NEW STATE INFRAS               | State of Ohio                                                                | CUSIP: 677581JC5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533651.90   | 0.04%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TX                           | County of Williamson TX                                                      | CUSIP: 9698874Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053382.60   | 0.03%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA               | New York State Dormitory Authority                                           | CUSIP: 64990AHJ7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $13647990.00  | 0.35%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC                | City of Atlanta GA Airport Passenger Facility Charge                         | CUSIP: 04780TEE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12890000 | PA      | $14492410.04  | 0.37%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                   | State of Georgia                                                             | CUSIP: 373385AH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2349724.69   | 0.06%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S REGL GA JT DEV AUTH REVENUE                | South Regional Joint Development Authority                                   | CUSIP: 839636CZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1677727.29   | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RNM4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   9330000 | PA      | $10278972.03  | 0.26%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EHB5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2568658.98   | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN               | Massachusetts Bay Transportation Authority Sales Tax Revenue                 | CUSIP: 575579ZD2<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064962.70   | 0.03%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLANO TX INDEP SCH DIST                      | Plano Independent School District                                            | CUSIP: 727199VF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1526391.26   | 0.04%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU               | Utility Debt Securitization Authority                                        | CUSIP: 91802RFC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11954532.00  | 0.30%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE               | Port Authority of New York & New Jersey                                      | CUSIP: 73358WQR8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $5836011.70   | 0.15%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                | New York City Municipal Water Finance Authority                              | CUSIP: 64972GSB1<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3673782.41   | 0.09%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SULPHUR SPRINGS TX INDEP SCH D               | Sulphur Springs Independent School District                                  | CUSIP: 865542PP3<br>LEI: 549300J6W88JCWPP5293 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093583.90   | 0.03%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                 | State of Wisconsin                                                           | CUSIP: 97705MZZ1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |  13780000 | PA      | $16043363.62  | 0.41%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY               | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DTL3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2666869.45   | 0.07%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                    | State of Hawaii                                                              | CUSIP: 419792J72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3135196.80   | 0.08%             | 2028-10-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN DEV AUTH GA                       | Brookhaven Development Authority                                             | CUSIP: 113073AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14870847.00  | 0.38%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650035T99<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2282318.25   | 0.06%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY NC                          | County of Mecklenburg NC                                                     | CUSIP: 584002YN3<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11779449.00  | 0.30%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461396S9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4365947.60   | 0.11%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI               | Permanent University Fund - University of Texas System                       | CUSIP: 9151158P7<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   4425000 | PA      | $5378338.37   | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV               | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477MF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4401539.60   | 0.11%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                   | State of Georgia                                                             | CUSIP: 373385GS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5610000 | PA      | $6722468.61   | 0.17%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP               | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137NG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2917769.86   | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971W4P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9921560.40   | 0.25%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARLANDALE TX INDEP SCH DIST                 | Harlandale Independent School District                                       | CUSIP: 412707HB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2042289.84   | 0.05%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990FTL8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5259761.50   | 0.13%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC               | Virginia College Building Authority                                          | CUSIP: 92778VLP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5725000 | PA      | $6350354.92   | 0.16%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193VE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22900000 | PA      | $26250780.67  | 0.67%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR SWR SYS REVENUE                  | City of Portland OR Sewer System Revenue                                     | CUSIP: 736742B71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5891740.00   | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971WED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4210000 | PA      | $4315567.86   | 0.11%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RU53<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $13546404.30  | 0.35%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOSTON MA                                    | City of Boston MA                                                            | CUSIP: 100853ZJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4389021.78   | 0.11%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829JV9<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2746822.56   | 0.07%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN               | Port of Portland OR Airport Revenue                                          | CUSIP: 7352402F9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5726306.50   | 0.15%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DR91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6125732.50   | 0.16%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC               | Virginia College Building Authority                                          | CUSIP: 92778VMA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5832154.50   | 0.15%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE               | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576JS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11302323.00  | 0.29%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST CLEAN WTR REVENUE               | State of Wisconsin Clean Water Fund Leveraged Loan Portfolio                 | CUSIP: 977092XF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4856942.40   | 0.12%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN DEV AUTH GA                       | Brookhaven Development Authority                                             | CUSIP: 113073AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1969180.59   | 0.05%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC               | Virginia College Building Authority                                          | CUSIP: 92778VMB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11611184.00  | 0.30%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RW77<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12442611.00  | 0.32%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MWZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11445000 | PA      | $12791124.28  | 0.33%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL OH SOL WST AUTH                       | Central Ohio Solid Waste Authority                                           | CUSIP: 154686KS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049011.60   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANFORD UNIVERSITY                          | Leland Stanford Junior University/The                                        | CUSIP: 85440KAC8<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4425296.40   | 0.11%             | 2027-06-01      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                                  | State of Delaware                                                            | CUSIP: 246381ND5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9650000 | PA      | $10458164.34  | 0.27%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU LOTTERY                | State of Florida Lottery Revenue                                             | CUSIP: 341507U74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5205000 | PA      | $6069600.99   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INFRASTRUCTURE BANK               | New Jersey Infrastructure Bank                                               | CUSIP: 64580CJD0<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |   4455000 | PA      | $4898009.21   | 0.12%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEN TX INDEP SCH DIST                      | Allen Independent School District                                            | CUSIP: 018106VL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1336227.80   | 0.03%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV REVENUES                 | Texas A&M University                                                         | CUSIP: 88213ASM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3555738.90   | 0.09%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST                                   | State of Florida                                                             | CUSIP: 3411505T3<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5186306.50   | 0.13%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG CNTY SC SCH DIST #               | Spartanburg County School District No 5/SC                                   | CUSIP: 847048EX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3854950.13   | 0.10%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports                                   | CUSIP: 544445UK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5527856.00   | 0.14%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                 | State of Minnesota                                                           | CUSIP: 60412ALU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2920071.46   | 0.07%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                     | Iowa Finance Authority                                                       | CUSIP: 46247SBX1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2400901.43   | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R               | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758SE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5213239.00   | 0.13%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                      | State of Ohio                                                                | CUSIP: 677522QE7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5445000 | PA      | $5780368.98   | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966MP52<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15192105.00  | 0.39%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSIONS               | Texas Transportation Commission State Highway Fund                           | CUSIP: 88283LKK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4669656.48   | 0.12%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                               | State of Connecticut                                                         | CUSIP: 20772KRT8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143418.90   | 0.03%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BONHAM TX INDEP SCH DIST                     | Bonham Independent School District                                           | CUSIP: 098104KR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1175279.33   | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST SCH FACS BRD COPS                 | Arizona School Facilities Board                                              | CUSIP: 04057PJW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2426095.93   | 0.06%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                    | Oklahoma Turnpike Authority                                                  | CUSIP: 679111YX6<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5377948.50   | 0.14%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONE STAR TX CLG SYS                         | Lone Star College System                                                     | CUSIP: 542264GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10747295.00  | 0.27%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE                 | State of Hawaii Harbor System Revenue                                        | CUSIP: 41981THB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10420000 | PA      | $11057270.53  | 0.28%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST                                  | State of Arkansas                                                            | CUSIP: 041042ZH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7564616.65   | 0.19%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829HQ2<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   5035000 | PA      | $6081837.42   | 0.16%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4821645.14   | 0.12%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                      | City & County of Honolulu HI                                                 | CUSIP: 438687TZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11590671.00  | 0.30%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG                  | State of North Carolina                                                      | CUSIP: 65829QEW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3629343.58   | 0.09%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV               | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182PB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3546619.89   | 0.09%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RY67<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11785597.00  | 0.30%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                    | Oklahoma Turnpike Authority                                                  | CUSIP: 679111A95<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2248182.80   | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TX WTR & SWR REVENU               | City of Fort Worth TX Water & Sewer System Revenue                           | CUSIP: 349515US3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5145000 | PA      | $5421758.30   | 0.14%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF TRANSPRTN HI               | State of Oregon Department of Transportation                                 | CUSIP: 68607DWE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2313653.80   | 0.06%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX CMNTY CLG DIST                     | Austin Community College District                                            | CUSIP: 052403FN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1436739.28   | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                 | State of Wisconsin                                                           | CUSIP: 97705MXH3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9610124.00   | 0.25%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XN61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12029333.00  | 0.31%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST                     | Denton Independent School District                                           | CUSIP: 249002CU8<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   7715000 | PA      | $8099208.54   | 0.21%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI               | Permanent University Fund - University of Texas System                       | CUSIP: 9151158J1<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10927977.00  | 0.28%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                 | State of Minnesota                                                           | CUSIP: 60412ADF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8012442.00   | 0.20%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES               | Board of Regents of the University of Texas System                           | CUSIP: 91514AHH1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7675752.00   | 0.20%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                            | County of Baltimore MD                                                       | CUSIP: 05914FY95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3835000 | PA      | $3842876.32   | 0.10%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7230000 | PA      | $8194175.45   | 0.21%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BOND AUTH                   | Tennessee State School Bond Authority                                        | CUSIP: 880558HP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2314724.04   | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                  | State of Hawaii Airports System Revenue                                      | CUSIP: 419794B84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11755821.00  | 0.30%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports                                   | CUSIP: 544445R50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8230000 | PA      | $9357019.49   | 0.24%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HLTH FACS AUTH REV               | Delaware State Health Facilities Authority                                   | CUSIP: 246388UJ9<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10676574.00  | 0.27%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GSF3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3952517.45   | 0.10%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                                 | County of King WA                                                            | CUSIP: 49474FJX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1088912.94   | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DFK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5715000 | PA      | $6227590.35   | 0.16%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                | Los Angeles Department of Water & Power                                      | CUSIP: 5444957A6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5195543.00   | 0.13%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC SCH AUTH SP               | Virginia Public School Authority                                             | CUSIP: 92818FCK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2530898.04   | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193MR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5043337.00   | 0.13%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INFRASTRUCTURE BANK               | New Jersey Infrastructure Bank                                               | CUSIP: 64580CNM5<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11319695.00  | 0.29%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5703806.00   | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV               | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1187369.90   | 0.03%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966QYV6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10128070.00  | 0.26%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193VG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17928522.00  | 0.46%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F               | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790PJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12942730.00  | 0.33%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA SCH DIST #20               | Snohomish County School District No 201 Snohomish                            | CUSIP: 833221VW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5176302.50   | 0.13%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966KQK2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2139730.73   | 0.05%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                              | County of Fairfax VA                                                         | CUSIP: 30382AFL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5584314.50   | 0.14%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALVIN TX INDEP SCH DIST                      | Alvin Independent School District/TX                                         | CUSIP: 022447G34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1861132.88   | 0.05%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GVC6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5732159.40   | 0.15%             | 2031-07-01      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063CLX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8379318.40   | 0.21%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882723N62<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2495773.24   | 0.06%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586HE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4255000 | PA      | $5160784.40   | 0.13%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HCW5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $8500562.00   | 0.22%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST MAJOR NEW STATE INFRAS               | State of Ohio                                                                | CUSIP: 677581JE1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1291948.08   | 0.03%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU               | Utility Debt Securitization Authority                                        | CUSIP: 91802REY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7441240.95   | 0.19%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE               | Port Authority of New York & New Jersey                                      | CUSIP: 73358W5E0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6434812.35   | 0.16%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                           | County of Montgomery MD                                                      | CUSIP: 6133407Y8<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3568740.35   | 0.09%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTSVILLE AL                                | City of Huntsville AL                                                        | CUSIP: 447025SY4<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3818161.41   | 0.10%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE                   | City of Austin TX Airport System Revenue                                     | CUSIP: 052398HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5544690.00   | 0.14%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                               | State of Mississippi                                                         | CUSIP: 605581DL8<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10215910.00  | 0.26%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DN87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7265000 | PA      | $8503096.21   | 0.22%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461395T8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3413078.18   | 0.09%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRISONBURG VA                              | City of Harrisonburg VA                                                      | CUSIP: 415666RQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7615000 | PA      | $8841997.34   | 0.23%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST                  | Fort Bend Independent School District                                        | CUSIP: 346843TZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1455325.06   | 0.04%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                              | Commonwealth of Pennsylvania                                                 | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10914078.00  | 0.28%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                   | State of Georgia                                                             | CUSIP: 373384R81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2002853.78   | 0.05%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                    | State of Hawaii                                                              | CUSIP: 419792K39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2125543.40   | 0.05%             | 2032-10-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DARLINGTON CNTY SC SCH DIST                  | Darlington County School District                                            | CUSIP: 237289JS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4010000 | PA      | $4446917.57   | 0.11%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMO TX CMNTY CLG DIST                      | Alamo Community College District                                             | CUSIP: 011415TG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026276.30   | 0.03%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                                | County of Bexar TX                                                           | CUSIP: 088281UV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2262856.41   | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU               | University of Houston                                                        | CUSIP: 914302KC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2393095.20   | 0.06%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                   | State of Georgia                                                             | CUSIP: 3733843Y0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10262739.00  | 0.26%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU               | Utility Debt Securitization Authority                                        | CUSIP: 91802REN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5040000 | PA      | $5087558.95   | 0.13%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONMOUTH CNTY NJ IMPT AUTH REV               | Monmouth County Improvement Authority/The                                    | CUSIP: 60956PVM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022174.50   | 0.03%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC SCH AUTH SC               | Virginia Public School Authority                                             | CUSIP: 92818HNQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9115711.20   | 0.23%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PURDUE UNIV IN UNIV REVENUES                 | Purdue University                                                            | CUSIP: 746189A25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064131.40   | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990FV76<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5322778.20   | 0.14%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROBBINSDALE MN INDEP SCH DIST#               | Robbinsdale Independent School District No 281                               | CUSIP: 770265FV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2875616.44   | 0.07%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RU38<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7700000 | PA      | $9129855.35   | 0.23%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT OF TRANSPRTN                | State of Maryland Department of Transportation                               | CUSIP: 574204ZC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.15%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                   | State of Georgia                                                             | CUSIP: 3733843J3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3343519.66   | 0.09%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD                       | County of Prince George's MD                                                 | CUSIP: 7417013D6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3415045.86   | 0.09%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU               | Utility Debt Securitization Authority                                        | CUSIP: 91802RFA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10210000 | PA      | $11951763.72  | 0.30%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN               | Indiana Finance Authority                                                    | CUSIP: 45471ATY8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   7025000 | PA      | $6629588.74   | 0.17%             | 2046-12-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966QYL8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5733435.00   | 0.15%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG                  | State of North Carolina                                                      | CUSIP: 65829QDZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $8687675.52   | 0.22%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                      | State of Ohio                                                                | CUSIP: 677521Z25<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5049042.50   | 0.13%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GILBERT AZ                                   | Town of Gilbert AZ                                                           | CUSIP: 375280LZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5601741.08   | 0.14%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BM3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7625462.60   | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD COPS                       | County of Baltimore MD                                                       | CUSIP: 059134EN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9665000 | PA      | $10702126.99  | 0.27%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHWEST TX INDEP SCH DIST                  | Northwest Independent School District                                        | CUSIP: 667825U68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2658242.48   | 0.07%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE               | New Jersey Economic Development Authority                                    | CUSIP: 64577XDL7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1192862.77   | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602RFX8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.26%             | 2041-11-01      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| EL PASO TX WTR & SWR REVENUE                 | City of El Paso TX Water & Sewer Revenue                                     | CUSIP: 283822GK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281027.63   | 0.03%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                           | County of Montgomery MD                                                      | CUSIP: 6133405Z7<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2104511.40   | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA               | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712JEF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7793897.18   | 0.20%             | 2054-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE WILLIAM CNTY VA INDL DE               | Prince William County Industrial Development Authority                       | CUSIP: 741752AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1220968.13   | 0.03%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RUTGERS NJ ST UNIV                           | Rutgers The State University of New Jersey                                   | CUSIP: 783186UL1<br>LEI: 549300BOYDHNW8J60112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1726571.60   | 0.04%             | 2028-05-01      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| ROMA TX INDEP SCH DIST                       | Roma Independent School District                                             | CUSIP: 775830NQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065141.90   | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST DEPT OF ADMIN SVCS COP               | State of Ohio Department of Administrative Services                          | CUSIP: 67755NGW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1503563.54   | 0.04%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE                   | City of Austin TX Airport System Revenue                                     | CUSIP: 052398HH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1442538.13   | 0.04%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882724VR5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5331565.50   | 0.14%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DR67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15643636.50  | 0.40%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG                  | State of North Carolina                                                      | CUSIP: 65829QCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10062106.00  | 0.26%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CAZ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3730426.07   | 0.10%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3G1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15488323.50  | 0.39%             | 2030-11-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PALESTINE TX INDEP SCH DIST                  | Palestine Independent School District                                        | CUSIP: 696344LC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1311911.75   | 0.03%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RY83<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12243072.00  | 0.31%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH                                  | City of Columbus OH                                                          | CUSIP: 199492VG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2293390.05   | 0.06%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports                                   | CUSIP: 544445P60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22753.13     | 0.00%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST & PROVIDENCE P               | State of Rhode Island                                                        | CUSIP: 76222WLS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1101572.12   | 0.03%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE               | New Jersey Economic Development Authority                                    | CUSIP: 64577XDK9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061474.90   | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                    | Oklahoma Turnpike Authority                                                  | CUSIP: 679111A79<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2151179.40   | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                    | State of Hawaii                                                              | CUSIP: 419792J80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9478804.50   | 0.24%             | 2029-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU               | General Authority of Southcentral Pennsylvania                               | CUSIP: 84129NHL6<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   8245000 | PA      | $8531317.52   | 0.22%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036BT2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11938121.00  | 0.30%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20774Y3C9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5678756.00   | 0.14%             | 2040-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972H7A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9175000 | PA      | $11292717.53  | 0.29%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR               | New York State Environmental Facilities Corp                                 | CUSIP: 64986DKY0<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8796512.25   | 0.22%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX                                    | City of Denton TX                                                            | CUSIP: 248866K20<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2076885.35   | 0.05%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU LOTTERY                | State of Florida Lottery Revenue                                             | CUSIP: 341507U58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4720000 | PA      | $5273042.40   | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CBA5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $8432464.13   | 0.22%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MD SUBURBAN SAN DIS               | Washington Suburban Sanitary Commission                                      | CUSIP: 940157K66<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5317987.50   | 0.14%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED TX INDEP SCH DIST                     | United Independent School District/TX                                        | CUSIP: 910678C74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1703089.25   | 0.04%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE                 | State of Hawaii Harbor System Revenue                                        | CUSIP: 41981THA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4268848.88   | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHELAN CNTY WA SCH DIST #228 C               | Chelan County School District No 228 Cascade                                 | CUSIP: 163192FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1140493.10   | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE                 | State of Hawaii Harbor System Revenue                                        | CUSIP: 41981TGY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7330000 | PA      | $8101568.99   | 0.21%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST PUBLIC FACS AUTH                | Minnesota Public Facilities Authority                                        | CUSIP: 604115DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1967752.22   | 0.05%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST TRANSPRTN AUTH TRA               | Delaware Transportation Authority                                            | CUSIP: 246428G67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5825000 | PA      | $6377626.49   | 0.16%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F               | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790LU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010251.60   | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE               | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576JL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2738209.00   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036BP0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $10254125.70  | 0.26%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR               | New York State Environmental Facilities Corp                                 | CUSIP: 64986A3H2<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5172024.50   | 0.13%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTHR               | Orange County Health Facilities Authority                                    | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4695000 | PA      | $5077780.53   | 0.13%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ANDREW W MELLON FOUNDATI                     | Andrew W Mellon Foundation/The                                               | CUSIP: 03444RAB4<br>LEI: HVIJIPOQ5TXYVD3NET54 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1454404.79   | 0.04%             | 2027-08-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU LOTTERY                | State of Florida Lottery Revenue                                             | CUSIP: 341507U66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4960000 | PA      | $5666335.25   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA                          | County of Santa Clara CA                                                     | CUSIP: 801546RY0<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2200740.60   | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST MAJOR NEW STATE INFRAS               | State of Ohio                                                                | CUSIP: 677581JF8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1213761.67   | 0.03%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX INDEP SCH DIST                | San Antonio Independent School District/TX                                   | CUSIP: 796269A57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1348421.83   | 0.03%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                            | County of Baltimore MD                                                       | CUSIP: 05914FYL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1300956.12   | 0.03%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU               | Utility Debt Securitization Authority                                        | CUSIP: 91802REW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11196891.00  | 0.29%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REVEN               | County of Hamilton OH Sewer System Revenue                                   | CUSIP: 407288ZH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048275.50   | 0.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP               | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137NH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $3137422.79   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD COPS                       | County of Baltimore MD                                                       | CUSIP: 059134EM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9205000 | PA      | $9953949.18   | 0.25%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT OF TRANSPRTN                | State of Maryland Department of Transportation                               | CUSIP: 574204D34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10494831.00  | 0.27%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA                          | County of Santa Clara CA                                                     | CUSIP: 801546RW4<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083000.40   | 0.05%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAGLE MOUNTAIN & SAGINAW TX IN               | Eagle Mountain & Saginaw Independent School District                         | CUSIP: 269696HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2893715.90   | 0.07%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                 | State of Minnesota                                                           | CUSIP: 60412AQV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3640000 | PA      | $4266041.42   | 0.11%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                    | Oklahoma Turnpike Authority                                                  | CUSIP: 679111YZ1<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2985000 | PA      | $3355412.83   | 0.09%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R               | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758UC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2125730.80   | 0.05%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWNDES CNTY GA BRD OF EDU                   | Lowndes County Board of Education                                            | CUSIP: 548746CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1975000.00   | 0.05%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EZA7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17270269.50  | 0.44%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX                                    | City of Denton TX                                                            | CUSIP: 248866K38<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1760775.92   | 0.04%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829LA2<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1231491.30   | 0.03%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DPF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10619850.50  | 0.27%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193VN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19225000 | PA      | $22861401.06  | 0.58%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2342647.80   | 0.06%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KQ8<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5620229.93   | 0.14%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI               | Permanent University Fund - University of Texas System                       | CUSIP: 9151158K8<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6716434.20   | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMO TX CMNTY CLG DIST                      | Alamo Community College District                                             | CUSIP: 011415TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2262223.20   | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974ELX2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   8975000 | PA      | $10019568.84  | 0.26%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                                  | State of Delaware                                                            | CUSIP: 246381JZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2967531.20   | 0.08%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY NC                                 | County of Wake NC                                                            | CUSIP: 930864EK5<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   8600000 | PA      | $10215427.44  | 0.26%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG                  | State of North Carolina                                                      | CUSIP: 65829QFA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3625444.50   | 0.09%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F               | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790MH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513198.50   | 0.04%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                  | State of Hawaii Airports System Revenue                                      | CUSIP: 419794F64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1826314.80   | 0.05%             | 2026-07-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461395U5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3144850.20   | 0.08%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GRE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4145000 | PA      | $4379171.78   | 0.11%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                     | Iowa Finance Authority                                                       | CUSIP: 46247SBZ6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2199265.63   | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597655.55   | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC WTR & SWR SYS REV               | City of Charlotte NC Water & Sewer System Revenue                            | CUSIP: 161045RK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5990141.00   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST INTERGOVTL COO               | Pennsylvania Intergovernmental Cooperation Authority                         | CUSIP: 708840JW4<br>LEI: 984500B7FF73EED8FD42 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3533548.20   | 0.09%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461363C3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10300000 | PA      | $10384564.03  | 0.26%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                | CUSIP: 8828546Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5464651.00   | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DR83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9366883.55   | 0.24%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099836.20   | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                                  | State of Delaware                                                            | CUSIP: 246381QR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11377856.00  | 0.29%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWN UNIVERSITY                             | Brown University                                                             | CUSIP: 11575TAB4<br>LEI: 9M13ULPHBPDR83N6CB89 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $6724393.60   | 0.17%             | 2030-09-01      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA MUNI UTILITY DIS               | Sacramento Municipal Utility District                                        | CUSIP: 786005C30<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4052815.20   | 0.10%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1111779.90   | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882723N47<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6868822.35   | 0.18%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD CNTY CT MET DIST                    | Metropolitan District/The                                                    | CUSIP: 416489QX3<br>LEI: 549300CEZQKAR15IFS62 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029111.30   | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE               | New Jersey Economic Development Authority                                    | CUSIP: 64577XDM5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1438108.36   | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC SCH AUTH SP               | Virginia Public School Authority                                             | CUSIP: 92818FCM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3962509.00   | 0.10%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD COPS                       | County of Baltimore MD                                                       | CUSIP: 059134EP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $7469002.20   | 0.19%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                   | State of Georgia                                                             | CUSIP: 373385HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6090305.00   | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY NC                                 | County of Wake NC                                                            | CUSIP: 930864EH2<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   7720000 | PA      | $8787638.17   | 0.22%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990EMQ7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4660000 | PA      | $4789050.78   | 0.12%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUDOUN CNTY VA SANTN AUTH WTR               | Loudoun County Sanitation Authority                                          | CUSIP: 545904ME1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4460000 | PA      | $4686406.55   | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROMA TX INDEP SCH DIST                       | Roma Independent School District                                             | CUSIP: 775830NP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1116654.42   | 0.03%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EYY6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17422507.50  | 0.44%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOBBS MUNI SCH DIST #16                      | Hobbs School District No 16                                                  | CUSIP: 43385QAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040851.00   | 0.03%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036FH4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12282772.00  | 0.31%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC                | City of Atlanta GA Airport Passenger Facility Charge                         | CUSIP: 04780TED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9280000 | PA      | $10595066.94  | 0.27%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2137894.80   | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP                | Charlotte-Mecklenburg Hospital Authority/The                                 | CUSIP: 160853VQ7<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2912429.25   | 0.07%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20774Y7H4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |  11200000 | PA      | $12562443.04  | 0.32%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST GEN FUND ANNUAL A               | State of Wisconsin                                                           | CUSIP: 977100EU6<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1304792.64   | 0.03%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                      | City & County of Honolulu HI                                                 | CUSIP: 438687UA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7775000 | PA      | $9189548.51   | 0.23%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PURDUE UNIV IN UNIV REVENUES                 | Purdue University                                                            | CUSIP: 746189A58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1301625.72   | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS GA                                  | City of Columbus GA                                                          | CUSIP: 199108GL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5060000 | PA      | $5463288.58   | 0.14%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD                       | County of Prince George's MD                                                 | CUSIP: 741702AJ3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |  18500000 | PA      | $22581096.30  | 0.58%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET UTILITIES DIST NE WTR REVE               | Metropolitan Utilities District of Omaha Water System Revenue                | CUSIP: 592642FN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2648357.17   | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROMA TX INDEP SCH DIST                       | Roma Independent School District                                             | CUSIP: 775830NN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1033471.04   | 0.03%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DN61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5589395.00   | 0.14%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MWX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5319442.50   | 0.14%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &               | California Infrastructure & Economic Development Bank                        | CUSIP: 13034A2D1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $16823611.00  | 0.43%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV               | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10972842.00  | 0.28%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA WTR AUTH                   | San Diego County Water Authority                                             | CUSIP: 797412DZ3<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4359160.50   | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST CONSERVANCY DI               | South Dakota Conservancy District                                            | CUSIP: 837545KR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2550607.03   | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650035Q68<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069058.80   | 0.03%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST                                   | State of Florida                                                             | CUSIP: 34115PAH8<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11752607.00  | 0.30%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC               | Virginia College Building Authority                                          | CUSIP: 92778VLU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2441034.60   | 0.06%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13062TH72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $18631810.50  | 0.48%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE               | New Jersey Economic Development Authority                                    | CUSIP: 64577XDJ2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1715504.84   | 0.04%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE               | Port Authority of New York & New Jersey                                      | CUSIP: 73358WQS6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5880000 | PA      | $6004015.67   | 0.15%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                 | State of Wisconsin                                                           | CUSIP: 97705MYD1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $3031695.50   | 0.08%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DQE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4415000 | PA      | $4745685.27   | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAYLOR SCOTT & WHITE HOL                     | Baylor Scott & White Holdings                                                | CUSIP: 072863AG8<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4504557.95   | 0.11%             | 2025-11-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST TRANSPRTN REVENUE               | Wisconsin Department of Transportation                                       | CUSIP: 977123X86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5375041.20   | 0.14%             | 2026-07-01      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                                    | City of Austin TX                                                            | CUSIP: 0523965B0<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1527163.47   | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KW5<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1138295.10   | 0.03%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES               | Board of Regents of the University of Texas System                           | CUSIP: 91514AAQ8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1102018.34   | 0.03%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA               | New York State Dormitory Authority                                           | CUSIP: 64990ADP7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9100000 | PA      | $9128644.98   | 0.23%             | 2023-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY N W WA ELEC REVENUE                   | Energy Northwest                                                             | CUSIP: 29270CR31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10921075.00  | 0.28%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                      | City & County of Honolulu HI                                                 | CUSIP: 438687KE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4940000 | PA      | $4981169.47   | 0.13%             | 2029-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                    | State of Hawaii                                                              | CUSIP: 419792J98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5280111.50   | 0.13%             | 2030-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036FF8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12090727.00  | 0.31%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193SH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4855000 | PA      | $5772057.07   | 0.15%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E               | State of Florida                                                             | CUSIP: 34153QGR1<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1910824.65   | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS GA                                  | City of Columbus GA                                                          | CUSIP: 199108GJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8192391.20   | 0.21%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582REL6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2128363.00   | 0.05%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION               | Metropolitan Water Reclamation District of Greater Chicago                   | CUSIP: 167560ST9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3400923.83   | 0.09%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV               | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477PM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2606232.82   | 0.07%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH                   | Massachusetts Port Authority                                                 | CUSIP: 575896YR0<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5726306.50   | 0.15%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KY1<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2374249.80   | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GILBERT AZ                                   | Town of Gilbert AZ                                                           | CUSIP: 375280LX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5059574.50   | 0.13%             | 2023-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WICHITA FALLS TX INDEP SCH DIS               | Wichita Falls Independent School District                                    | CUSIP: 967171PT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1210000.00   | 0.03%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST                   | Mesquite Independent School District                                         | CUSIP: 590760ME1<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1455261.77   | 0.04%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG CNTY SC SCH DIST #               | Spartanburg County School District No 5/SC                                   | CUSIP: 847048EW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3589108.74   | 0.09%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XN38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3393153.60   | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC               | Hampton Roads Transportation Accountability Commission                       | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16376439.00  | 0.42%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES               | Board of Regents of the University of Texas System                           | CUSIP: 91514ADX0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4057768.80   | 0.10%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TX                           | County of Williamson TX                                                      | CUSIP: 969887T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1899571.31   | 0.05%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA                           | Port of Seattle WA                                                           | CUSIP: 735371NP7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5176302.50   | 0.13%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829LB0<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4373070.10   | 0.11%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GVB8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   7185000 | PA      | $6893587.90   | 0.18%             | 2030-07-01      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| OHIO ST MAJOR NEW STATE INFRAS               | State of Ohio                                                                | CUSIP: 677581JD3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2360608.65   | 0.06%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB               | Mississippi Development Bank                                                 | CUSIP: 60534TMK8<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2417513.64   | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                                  | State of Delaware                                                            | CUSIP: 246381PA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7705000 | PA      | $8701184.84   | 0.22%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                      | City & County of Honolulu HI                                                 | CUSIP: 438687GH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10700141.00  | 0.27%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST GEN FUND ANNUAL A               | State of Wisconsin                                                           | CUSIP: 977100GS9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11137061.00  | 0.28%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EVT0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10365519.00  | 0.26%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BL5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1805311.43   | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE                 | State of Hawaii Harbor System Revenue                                        | CUSIP: 41981TGX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4526724.42   | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY NC                                 | County of Wake NC                                                            | CUSIP: 930864EJ8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   8580000 | PA      | $9985942.82   | 0.25%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DR59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15233532.00  | 0.39%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPOKANE CNTY WA SCH DIST #81 S               | Spokane County School District No 81 Spokane                                 | CUSIP: 848712SC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $7088698.20   | 0.18%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                | CUSIP: 8828546P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6665000 | PA      | $7106976.81   | 0.18%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                  | State of Hawaii Airports System Revenue                                      | CUSIP: 419794ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2685667.25   | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports                                   | CUSIP: 544445P78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $674454.34    | 0.02%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV SYS OF MARYLAND MD AUXILA               | University System of Maryland                                                | CUSIP: 9144022Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1725506.44   | 0.04%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC SCH AUTH SP               | Virginia Public School Authority                                             | CUSIP: 92818FCL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3779753.60   | 0.10%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST                                  | Commonwealth of Virginia                                                     | CUSIP: 928109M46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7430000 | PA      | $7893805.12   | 0.20%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST GRANT ANTICI               | State of North Carolina                                                      | CUSIP: 658268EK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3428846.20   | 0.09%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15046669.50  | 0.38%             | 2023-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TX INDEP SCH DIST                   | Mesquite Independent School District                                         | CUSIP: 590760LP7<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1101562.60   | 0.03%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                | CUSIP: 8828547M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1429872.88   | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG CNTY SC SCH DIST #               | Spartanburg County School District No 5/SC                                   | CUSIP: 847048EV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3282403.35   | 0.08%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET UTILITIES DIST NE WTR REVE               | Metropolitan Utilities District of Omaha Water System Revenue                | CUSIP: 592642FR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $3258343.72   | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD                       | County of Prince George's MD                                                 | CUSIP: 741702AH7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11972695.00  | 0.31%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                               | State of Connecticut                                                         | CUSIP: 20772KRQ4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1545171.01   | 0.04%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                     | Iowa Finance Authority                                                       | CUSIP: 46247SCA0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1576694.63   | 0.04%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                     | CUSIP: 57584Y2Y4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |  13800000 | PA      | $17326602.42  | 0.44%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                | CUSIP: 8828547P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2726867.58   | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG                  | State of North Carolina                                                      | CUSIP: 65829QEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2121825.00   | 0.05%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC SCH AUTH SP               | Virginia Public School Authority                                             | CUSIP: 92818FCN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4230000 | PA      | $5006438.50   | 0.13%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&               | Salt River Project Agricultural Improvement & Power District                 | CUSIP: 79574CCP6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   8950000 | PA      | $10116406.07  | 0.26%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EYZ3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17368486.50  | 0.44%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA               | New York State Dormitory Authority                                           | CUSIP: 64990AFZ3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6290000 | PA      | $7015717.56   | 0.18%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GUL7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6070248.50   | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL WTRWKS BRD WTR R               | Water Works Board of the City of Birmingham/The                              | CUSIP: 091096KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13657430.80  | 0.35%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROBBINSDALE MN INDEP SCH DIST#               | Robbinsdale Independent School District No 281                               | CUSIP: 770265FU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2535000.00   | 0.06%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANNE ARUNDEL CNTY MD                         | County of Anne Arundel MD                                                    | CUSIP: 03588HKJ4<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2982433.96   | 0.08%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA               | Central Puget Sound Regional Transit Authority                               | CUSIP: 155048DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11974100.00  | 0.31%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNALLY TX CONSOL INDEP SCH D               | Connally Independent School District                                         | CUSIP: 207435MP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1272540.32   | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMO TX CMNTY CLG DIST                      | Alamo Community College District                                             | CUSIP: 011415TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2765451.50   | 0.07%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC               | Virginia College Building Authority                                          | CUSIP: 92778VLT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $4055251.16   | 0.10%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MWW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2073671.20   | 0.05%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONMOUTH CNTY NJ IMPT AUTH REV               | Monmouth County Improvement Authority/The                                    | CUSIP: 60956PVN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049748.40   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BN1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   5890000 | PA      | $6566994.24   | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH PERSO               | New York State Thruway Authority                                             | CUSIP: 650028YR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11401549.00  | 0.29%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX INDEP SCH DIST                    | El Paso Independent School District                                          | CUSIP: 283770GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561357.50   | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES                     | University of Utah/The                                                       | CUSIP: 915183Y84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2740832.49   | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA               | New York State Dormitory Authority                                           | CUSIP: 64990AJR7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11153764.00  | 0.28%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE                 | Ohio Water Development Authority                                             | CUSIP: 67765QDN3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3277723.80   | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EZB5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $17178231.00  | 0.44%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KR6<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4578037.60   | 0.12%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R               | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758J87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $3019393.75   | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A               | City of Los Angeles Department of Airports                                   | CUSIP: 544445R68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10415000 | PA      | $12006866.09  | 0.31%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX WTR & SWR REVENUE                 | City of El Paso TX Water & Sewer Revenue                                     | CUSIP: 283822VS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5870299.50   | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YAKIMA CNTY WA SCH DIST #7 YAK               | Yakima County School District No 7 Yakima                                    | CUSIP: 984368NP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4435000 | PA      | $4640138.71   | 0.12%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST SPL OBLG                             | State of Iowa                                                                | CUSIP: 46257TEF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3255537.00   | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TX CONSOL INDEP SC               | Goose Creek Consolidated Independent School District                         | CUSIP: 382604P75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1353596.64   | 0.03%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                      | State of Ohio                                                                | CUSIP: 677522HU1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10506634.00  | 0.27%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REVEN               | County of Hamilton OH Sewer System Revenue                                   | CUSIP: 407288ZJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1588137.38   | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MWY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4611240.21   | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461396K6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $3058670.21   | 0.08%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST GRANT ANTICI               | State of North Carolina                                                      | CUSIP: 658268EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3120569.65   | 0.08%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA               | New York State Dormitory Authority                                           | CUSIP: 64990ABR5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5354594.96   | 0.14%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE                 | Ohio Water Development Authority                                             | CUSIP: 67765QFY7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |  10285000 | PA      | $11707141.92  | 0.30%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RS98<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16898781.00  | 0.43%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DE87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3735000 | PA      | $3903953.10   | 0.10%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMBRIDGE MN INDEP SCH DIST #9               | Cambridge-Isanti Independent School District No 911                          | CUSIP: 132375PW0<br>LEI: 549300B4LWDC971OLG20 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1553140.43   | 0.04%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EVS2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10105843.00  | 0.26%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HGR EDU CAPITAL CO               | Colorado Higher Education                                                    | CUSIP: 196734CB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2150776.17   | 0.05%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDEP SCH DIST                  | Fort Bend Independent School District                                        | CUSIP: 346843TY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3041391.90   | 0.08%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RJY3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  13025000 | PA      | $14225549.42  | 0.36%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                     | CUSIP: 57584XYA3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5446603.50   | 0.14%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GUM5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3304958.80   | 0.08%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                    | State of Hawaii                                                              | CUSIP: 419792VJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5420000 | PA      | $5488874.65   | 0.14%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                 | State of Minnesota                                                           | CUSIP: 60412AWJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11739154.00  | 0.30%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST                     | Conroe Independent School District                                           | CUSIP: 208418T45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11351935.00  | 0.29%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU               | University of Houston                                                        | CUSIP: 914302KG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6305691.15   | 0.16%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966QEC0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20186696.00  | 0.51%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST               | Trinity River Authority Central Regional Wastewater System Revenue           | CUSIP: 89658HYK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1219088.00   | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14714630.00  | 0.38%             | 2032-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DR75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11250000 | PA      | $12064042.13  | 0.31%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                     | Iowa Finance Authority                                                       | CUSIP: 46247SCD4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3857693.98   | 0.10%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S               | Adams & Arapahoe Joint School District 28J Aurora                            | CUSIP: 0054824A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3381281.57   | 0.09%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XN46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7465000 | PA      | $8640773.33   | 0.22%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EWK8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10365519.00  | 0.26%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                | CUSIP: 8828547L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1230773.61   | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990FV68<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4644820.80   | 0.12%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUBLIC SCH AUTH SC               | Virginia Public School Authority                                             | CUSIP: 92818HBG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4623968.30   | 0.12%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829JU1<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2007224.98   | 0.05%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586HC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1663561.96   | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036FD3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11864600.00  | 0.30%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                               | State of Connecticut                                                         | CUSIP: 20772KPK9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5445279.00   | 0.14%             | 2029-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966QYH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5339110.00   | 0.14%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES                     | University of Utah/The                                                       | CUSIP: 915183Z26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1603445.87   | 0.04%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WACONIA MN INDEP SCH DIST #110               | Waconia Independent School District No 110                                   | CUSIP: 930047LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025175.20   | 0.03%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461397B5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102223.50   | 0.03%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAGLE MOUNTAIN & SAGINAW TX IN               | Eagle Mountain & Saginaw Independent School District                         | CUSIP: 269696GX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1978275.15   | 0.05%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CNTY CA COPS                  | County of San Bernardino CA                                                  | CUSIP: 796815YZ5<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526769.60   | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                    | State of Hawaii                                                              | CUSIP: 419792RL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2799889.39   | 0.07%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                    | CUSIP: 442349EE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2742751.42   | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193PD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8548620.00   | 0.22%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882723ZF9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5344950.00   | 0.14%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                    | State of Hawaii                                                              | CUSIP: 419792K21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4360000 | PA      | $4616353.18   | 0.12%             | 2031-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ADAMS & WELD CNTYS CO SCH DIST               | Adams & Weld Counties School District No 27J Brighton/CO                     | CUSIP: 005518XA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3065523.00   | 0.08%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                 | State of Wisconsin                                                           | CUSIP: 97705L3K1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006385.90   | 0.03%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD COPS                       | County of Baltimore MD                                                       | CUSIP: 059134EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8765000 | PA      | $9227197.73   | 0.24%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA               | New York State Dormitory Authority                                           | CUSIP: 64990ABS3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1802027.15   | 0.05%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA WTR & SWR AUT               | District of Columbia Water & Sewer Authority                                 | CUSIP: 254845MX5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10583536.00  | 0.27%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193TZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11891489.00  | 0.30%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES               | University of California                                                     | CUSIP: 91412HNC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12408716.00  | 0.32%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036ER3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5835000 | PA      | $6166276.87   | 0.16%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                 | State of Wisconsin                                                           | CUSIP: 97705MYE9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2869662.02   | 0.07%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966QYG9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10389438.00  | 0.26%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966QYJ3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5482328.00   | 0.14%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R               | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6775000 | PA      | $8060308.29   | 0.21%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3322128.00   | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV               | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182QM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6175000 | PA      | $6863843.48   | 0.18%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974DMQ8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5765644.76   | 0.15%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10420119.00  | 0.27%             | 2031-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN               | Port of Portland OR Airport Revenue                                          | CUSIP: 7352402E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5769305.50   | 0.15%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONGVIEW TX INDEP SCH DIST                   | Longview Independent School District                                         | CUSIP: 543264YL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050985.01   | 0.03%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG                  | State of North Carolina                                                      | CUSIP: 65829QCT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032991.10   | 0.03%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A               | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647JV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5369428.50   | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU               | Utility Debt Securitization Authority                                        | CUSIP: 91802REU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10943307.00  | 0.28%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST DEPT OF ADMIN SVCS COP               | State of Ohio Department of Administrative Services                          | CUSIP: 67755NGL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1758493.00   | 0.04%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                 | State of Minnesota                                                           | CUSIP: 60412ATG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7570000 | PA      | $8871959.76   | 0.23%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST FIN AUTH ST TRAN               | New Mexico Finance Authority                                                 | CUSIP: 64711RMP8<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11827034.00  | 0.30%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1679780.25   | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                 | State of Minnesota                                                           | CUSIP: 60412AWE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10707951.00  | 0.27%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CMWLTH TRANSPRTN B               | Virginia Commonwealth Transportation Board                                   | CUSIP: 927793D63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5375000 | PA      | $6056390.36   | 0.15%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES                     | University of Utah/The                                                       | CUSIP: 915183Y92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2184825.06   | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST WTR POLL ABAT               | Massachusetts Clean Water Trust/The                                          | CUSIP: 57605AER3<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.20%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS GA                                  | City of Columbus GA                                                          | CUSIP: 199108GK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10065000 | PA      | $10579811.67  | 0.27%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                             | District of Columbia                                                         | CUSIP: 25476FSB5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064302.80   | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990FV27<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5288138.50   | 0.13%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN                                 | City of Rochester MN                                                         | CUSIP: 771588TP5<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2097286.80   | 0.05%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X3F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15378625.50  | 0.39%             | 2029-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971WXZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1376514.14   | 0.04%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                             | Commonwealth of Massachusetts                                                | CUSIP: 57582RY75<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12017387.00  | 0.31%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F               | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790PK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7966426.50   | 0.20%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI               | Bay Area Toll Authority                                                      | CUSIP: 072024KV3<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.13%             | 2047-04-01      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO               | New York State Dormitory Authority                                           | CUSIP: 64990FV35<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5426023.50   | 0.14%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GRF4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   8800000 | PA      | $9559818.40   | 0.24%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E               | State of Florida                                                             | CUSIP: 34153P6V5<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3600317.88   | 0.09%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974DVW5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2832240.24   | 0.07%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829JT4<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1152636.50   | 0.03%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PURDUE UNIV IN UNIV REVENUES                 | Purdue University                                                            | CUSIP: 746189A74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2532945.39   | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CA CMNTY CLG DI               | San Bernardino Community College District                                    | CUSIP: 796720NT3<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6108141.58   | 0.16%             | 2027-08-01      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| OHIO ST MAJOR NEW STATE INFRAS               | State of Ohio                                                                | CUSIP: 677581JL5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1194675.10   | 0.03%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST TRANSPRTN AUTH TRA               | Delaware Transportation Authority                                            | CUSIP: 246428M29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6780000 | PA      | $7607808.17   | 0.19%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                 | State of Minnesota                                                           | CUSIP: 60412AYJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7360000 | PA      | $8677663.74   | 0.22%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                              | County of Fairfax VA                                                         | CUSIP: 30382AFN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7965000 | PA      | $8890272.54   | 0.23%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA MUNI UTILITY DIS               | Sacramento Municipal Utility District                                        | CUSIP: 786005ZW1<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3684682.40   | 0.09%             | 2049-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972H6Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12345108.00  | 0.31%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST TRANSPRTN AUTH TRA               | Delaware Transportation Authority                                            | CUSIP: 246428N28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2700355.62   | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV               | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182RY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2508098.99   | 0.06%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP                | Charlotte-Mecklenburg Hospital Authority/The                                 | CUSIP: 160853VR5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   5310000 | PA      | $6298313.66   | 0.16%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX FLOOD CONTROL D               | Harris County Flood Control District                                         | CUSIP: 4140187F2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5087232.50   | 0.13%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974D3V8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   6650000 | PA      | $7184870.14   | 0.18%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882724FW2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039995.40   | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMO TX CMNTY CLG DIST                      | Alamo Community College District                                             | CUSIP: 011415TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160434.40   | 0.06%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE               | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5014654.73   | 0.13%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BP6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   6275000 | PA      | $7151404.15   | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV               | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $6475181.31   | 0.17%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966KXS7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5061796.50   | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY TX INDEP SCH DIST                | Denver City Independent School District                                      | CUSIP: 249145DD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1140704.01   | 0.03%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                   | Port of Seattle WA                                                           | CUSIP: 735389P51<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5592749.00   | 0.14%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                    | County of Utah UT                                                            | CUSIP: 917393CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10191760.00  | 0.26%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882724QS9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3828263.53   | 0.10%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974DGJ1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  15635000 | PA      | $16217580.43  | 0.41%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV PERM UNIV                | Permanent University Fund - Texas A&M University System                      | CUSIP: 882117E67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19045000 | PA      | $20880753.26  | 0.53%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                | New York City Municipal Water Finance Authority                              | CUSIP: 64972GUK8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6335852.54   | 0.16%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 6461395Q4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2497615.79   | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST COPS                            | State of Minnesota                                                           | CUSIP: 604140WN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $3006007.30   | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC               | Virginia College Building Authority                                          | CUSIP: 92778VLQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5681297.50   | 0.14%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SPL OBLG REVE               | Commonwealth of Massachusetts                                                | CUSIP: 576004HC2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   7750000 | PA      | $7579551.15   | 0.19%             | 2027-01-15      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| UTAH ST                                      | State of Utah                                                                | CUSIP: 917542WL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10952176.00  | 0.28%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLLC               | Ohio Water Development Authority Water Pollution Control Loan Fund           | CUSIP: 67766WWV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10484594.00  | 0.27%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                | State of Washington                                                          | CUSIP: 93974EWJ1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10105843.00  | 0.26%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GPT6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  11735000 | PA      | $11939734.68  | 0.30%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KN5<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158663.10   | 0.03%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                | CUSIP: 8828546T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4717188.09   | 0.12%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T               | Grand Parkway Transportation Corp                                            | CUSIP: 38611TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8158799.20   | 0.21%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA SANTN DIST WS               | Hampton Roads Sanitation District                                            | CUSIP: 409327HZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6880000 | PA      | $6880000.00   | 0.18%             | 2046-08-01      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI               | Permanent University Fund - University of Texas System                       | CUSIP: 9151158N2<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7752739.15   | 0.20%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA               | Pennsylvania Higher Educational Facilities Authority                         | CUSIP: 70917SQE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7870000 | PA      | $8007303.96   | 0.20%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CMWLTH TRANSPRTN B               | Virginia Commonwealth Transportation Board                                   | CUSIP: 927793ZE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5390650.50   | 0.14%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND COMMERCE CORP REV               | Rhode Island Commerce Corp                                                   | CUSIP: 762232AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6950000 | PA      | $7010414.96   | 0.18%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVING TX INDEP SCH DIST                     | Irving Independent School District                                           | CUSIP: 463813B38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2520782.46   | 0.06%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966QBJ8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   9450000 | PA      | $10090917.90  | 0.26%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                    | State of Oregon                                                              | CUSIP: 68609TKY3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |  10350000 | PA      | $10980444.38  | 0.28%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLLEGE STATION TX                           | City of College Station TX                                                   | CUSIP: 194469DT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4020000 | PA      | $4231311.30   | 0.11%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANOR TX INDEP SCH DIST                      | Manor Independent School District                                            | CUSIP: 564096XV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3539728.68   | 0.09%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMBRIDGE MA                                 | City of Cambridge MA                                                         | CUSIP: 132286AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3872676.48   | 0.10%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund                                 | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        | 142706030 | NS      | $142706030.00 | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650036FA9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  11970000 | PA      | $13789067.73  | 0.35%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193VD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $12323056.90  | 0.31%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TN                           | County of Montgomery TN                                                      | CUSIP: 61366ABM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083204.20   | 0.03%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                    | State of Oregon                                                              | CUSIP: 68609TPS1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3355356.51   | 0.09%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRISONBURG VA                              | City of Harrisonburg VA                                                      | CUSIP: 415666RN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $8690264.70   | 0.22%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 646140DT7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4656770.25   | 0.12%             | 2030-01-01      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972H6Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6085722.00   | 0.16%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA               | Central Puget Sound Regional Transit Authority                               | CUSIP: 155048DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12189750.00  | 0.31%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                        | Georgia Ports Authority                                                      | CUSIP: 373586HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1200679.83   | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DN79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5723429.50   | 0.15%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CITY OK WTR UTILITIES               | Oklahoma City Water Utilities Trust                                          | CUSIP: 67865EAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $5525935.91   | 0.14%             | 2029-07-01      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV               | New York State Urban Development Corp                                        | CUSIP: 650035W79<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059759.60   | 0.05%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 646140DQ3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8050663.80   | 0.21%             | 2027-01-01      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| MCKINNEY TX WTRWKS & SWR REVEN               | City of McKinney TX Waterworks & Sewer System Revenue                        | CUSIP: 581714UV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2547729.98   | 0.06%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLANO TX WTRWKS & SWR SYS REVE               | City of Plano TX Waterworks & Sewer System Revenue                           | CUSIP: 727227D72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1283820.41   | 0.03%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A               | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9840591.00   | 0.25%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063CQT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3179262.30   | 0.08%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 646140ES8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $13212884.40  | 0.34%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                            | County of Baltimore MD                                                       | CUSIP: 05914F5P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8130000 | PA      | $9052821.67   | 0.23%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                     | Iowa Finance Authority                                                       | CUSIP: 46247SBY9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2272962.26   | 0.06%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SCH DIST               | Denver City & County School District No 1                                    | CUSIP: 249174UG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098023.20   | 0.05%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD                            | County of Frederick MD                                                       | CUSIP: 35569PJP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1221812.46   | 0.03%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                           | County of Montgomery MD                                                      | CUSIP: 6133407A0<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4539003.30   | 0.12%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI               | Permanent University Fund - University of Texas System                       | CUSIP: 9151158Q5<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4324961.55   | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLEAN WTR TRU               | Massachusetts Clean Water Trust/The                                          | CUSIP: 575829KZ8<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2387942.20   | 0.06%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE               | Port Authority of New York & New Jersey                                      | CUSIP: 73358W5C4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5255000 | PA      | $5710744.60   | 0.15%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9884325.30   | 0.25%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU LOTTERY                | State of Florida Lottery Revenue                                             | CUSIP: 341507U25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4230868.20   | 0.11%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                  | City of Houston TX Airport System Revenue                                    | CUSIP: 442349EF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3418998.00   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES               | University of California                                                     | CUSIP: 91412GTG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6360000 | PA      | $6414774.23   | 0.16%             | 2031-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193VF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14675000 | PA      | $17188579.49  | 0.44%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRENSHIP TX INDEP SCH DIST                   | Frenship Independent School District                                         | CUSIP: 357866WX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1431748.49   | 0.04%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE                 | State of Hawaii Harbor System Revenue                                        | CUSIP: 41981TGZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3915000 | PA      | $4393450.98   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUBL               | Virginia Public Building Authority                                           | CUSIP: 928173AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8319963.20   | 0.21%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT               | New Jersey Educational Facilities Authority                                  | CUSIP: 646067EJ3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11147533.00  | 0.28%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                                  | State of Delaware                                                            | CUSIP: 246381NC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $11382002.28  | 0.29%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST                     | Denton Independent School District                                           | CUSIP: 249002EF9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2692149.00   | 0.07%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R               | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758TL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1980018.12   | 0.05%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV SYS FING REVENUE               | Texas State University System                                                | CUSIP: 88278PYD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028756.60   | 0.03%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY DEDICATE               | Metropolitan Transportation Authority                                        | CUSIP: 59259N2L6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2255565.33   | 0.06%             | 2031-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST TRANSPRTN AUTH TRA               | Delaware Transportation Authority                                            | CUSIP: 246428K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5978323.50   | 0.15%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE               | New Jersey Economic Development Authority                                    | CUSIP: 64577XDN3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1798452.80   | 0.05%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                     | State of Texas                                                               | CUSIP: 882724RC3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4590463.50   | 0.12%             | 2027-10-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| UNITED TX INDEP SCH DIST                     | United Independent School District/TX                                        | CUSIP: 910678C90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2228267.65   | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD OF RGTS COPS                     | Arizona Board of Regents                                                     | CUSIP: 04048PKB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1770896.31   | 0.05%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YALE UNIVERSITY                              | Yale University                                                              | CUSIP: 98459LAA1<br>LEI: 9SFB6DIM0FRWV0EV8S84 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9263779.50   | 0.24%             | 2025-04-15      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                         | Texas Water Development Board                                                | CUSIP: 8828547Q9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2112098.45   | 0.05%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU               | New Jersey Turnpike Authority                                                | CUSIP: 646140FD0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3969959.68   | 0.10%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                            | County of Baltimore MD                                                       | CUSIP: 05914FV31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2735606.87   | 0.07%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                  | City of New York NY                                                          | CUSIP: 64966MP78<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   9400000 | PA      | $9766071.72   | 0.25%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PURDUE UNIV IN UNIV REVENUES                 | Purdue University                                                            | CUSIP: 746189A66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1463343.50   | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                  | State of Maryland                                                            | CUSIP: 574193KM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5065529.00   | 0.13%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                               | County of Harris TX                                                          | CUSIP: 414005A73<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1550683.18   | 0.04%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TRUNK LINE                       | State of Michigan Trunk Line Revenue                                         | CUSIP: 5946952N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4303717.60   | 0.11%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R               | Massachusetts Development Finance Agency                                     | CUSIP: 57584YZK8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4469282.33   | 0.11%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                      | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3265738.80   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV               | City of Austin TX Water & Wastewater System Revenue                          | CUSIP: 052477PJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126265.90   | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XN20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3957799.85   | 0.10%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE                   | City of Austin TX Airport System Revenue                                     | CUSIP: 052398HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2112220.40   | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                | State of California                                                          | CUSIP: 13063DM96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11744425.00  | 0.30%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX                                    | City of Denton TX                                                            | CUSIP: 248866K79<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1386793.09   | 0.04%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROSPER TX INDEP SCH DIST                    | Prosper Independent School District                                          | CUSIP: 743600WM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053382.60   | 0.03%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                                 | County of King WA                                                            | CUSIP: 49474FJY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5395000 | PA      | $5668870.70   | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE               | District of Columbia                                                         | CUSIP: 25477GUN3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5297523.30   | 0.14%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARTELL MN INDEP SCH DIST #748               | Sartell-St Stephen Independent School District No 748                        | CUSIP: 803820KT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2317230.52   | 0.06%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                      | City & County of Honolulu HI                                                 | CUSIP: 438687JT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038869.20   | 0.08%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES               | Board of Regents of the University of Texas System                           | CUSIP: 91514AKT1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6170560.50   | 0.16%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SCH DIST #411 ISS               | King County School District No 411 Issaquah                                  | CUSIP: 4952244L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $10041655.50  | 0.26%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST TRANSPRTN AUTH TRA               | Delaware Transportation Authority                                            | CUSIP: 246428L95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6740000 | PA      | $7379433.91   | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REVENUE                     | County of King WA Sewer Revenue                                              | CUSIP: 495290AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9138169.60   | 0.23%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** Old Westbury Funds Inc

**Signature:** Matthew A. Rizzi

**Name of Signer:** Matthew A. Rizzi

**Title:** Vice President & Treasurer (Principal Financial Officer)