# EDGAR Filing Document

**Accession Number:** 0000711600
**File Stem:** 0001752724-25-177139
**Filing Date:** 2025-7
**Character Count:** 147452
**Document Hash:** 372643a775cde4dace5cdc2eaf0952d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177139.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-177139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000711600

**ORGANIZATION NAME:**
- **EIN:** 042782118
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03632
- **FILM NUMBER:** 251147696

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW  YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW  YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS TAX FREE TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19930909

## Series and Classes Contracts Data

### DWS Intermediate Tax-Free Fund (Series ID: S000006133)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000016867 | Class A             | SZMAX           |
| C000016870 | Class C             | SZMCX           |
| C000016871 | Class S             | SCMTX           |
| C000016872 | Institutional Class | SZMIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS TAX FREE TRUST

- **b. Investment Company Act file number:** 811-03632

- **c. CIK number of Registrant:** 0000711600

- **d. LEI of Registrant:** OIW3BT7ZMM086NH3EO53

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW  YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Intermediate Tax-Free Fund

- **b. EDGAR series identifier (if any):** S000006133

- **c. LEI of Series:** 30VUJK0MQBYD631YHQ71

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $740817597.33

**Total Liabilities:** $13617390.20

**Net Assets:** $727200207.13

**Delayed Delivery Securities:** $12752347.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1331.54000000 | **1-Year:** -29195.83000000 | **5-Year:** -114580.41000000 | **10-Year:** -224598.84000000 | **30-Year:** -47220.80000000

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

- **3-Month:** -139.50000000 | **1-Year:** -3483.17000000 | **5-Year:** -12518.53000000 | **10-Year:** -13996.74000000 | **30-Year:** -1789.98000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016867 | -1.48%               | -0.39%               | -0.02%               |
| Class ID C000016872 | -1.55%               | -0.28%               | 0.00%                |
| Class ID C000016871 | -1.46%               | -0.37%               | -0.01%               |
| Class ID C000016870 | -1.63%               | -0.45%               | 0.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-537062.20              | $-12901264.94                              |
| Month 2  | $-1227609.01             | $-3785679.28                               |
| Month 3  | $-330610.16              | $-1511987.54                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                           | CUSIP: 717883UD2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30780.68     | 0.00%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX        | CUSIP: 896032AU3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    750000 | PA      | $781026.00    | 0.11%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                             | CUSIP: 5946952V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2393430.00   | 0.33%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE           | CUSIP: 64972GCR3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.03%             | 2049-06-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                          | CUSIP: 544445E62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4985000 | PA      | $5337475.39   | 0.73%             | 2037-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA ST HSG FIN AGY MULTIFAMILY GREEN TAX EXEMPT             | CUSIP: 13034CAA4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   9091454 | PA      | $7560033.85   | 1.04%             | 2035-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                  | CUSIP: 31350ACL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5970000 | PA      | $5477359.78   | 0.75%             | 2037-06-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1245615.62   | 0.17%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447TMG5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  10700000 | PA      | $10880482.25  | 1.50%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                  | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094191.80   | 0.15%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                                    | CUSIP: 01728A3U8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5139274.50   | 0.71%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                      | UNIV HOSPS & CLINICS AUTH WI                                       | CUSIP: 915260FU2<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1623100.20   | 0.22%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BB59<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5178708.50   | 0.71%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                            | YUMA AZ INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 988514DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3090473.10   | 0.42%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080VF5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1022649.01   | 0.14%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031256.00   | 0.14%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CNTY TX TOLL ROAD REVENUE                                   | CUSIP: 41423PEA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2509349.28   | 0.35%             | 2049-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH HLTHCARE FACS REVENUE         | CUSIP: 928105CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1318828.55   | 0.18%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                         | CUSIP: 735389V47<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5145289.50   | 0.71%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                       | CUSIP: 646140GD9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3096231.90   | 0.43%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                                    | CUSIP: 047870LC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10321783.00  | 1.42%             | 2027-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tohopekaliga Water Authority                                                     | TOHOPEKALIGA FL WTR AUTH UTILITY SYS REVENUE                       | CUSIP: 88906REX4<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2152523.37   | 0.30%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DQ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5512953.00   | 0.76%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paulding County Hospital Authority/GA                                            | PAULDING CNTY GA HOSP AUTH                                         | CUSIP: 703596EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2100175.00   | 0.29%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JTB4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041746.40   | 0.14%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                     | CUSIP: 795576HF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5089083.00   | 0.70%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10186094.00  | 1.40%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                               | CUSIP: 155498KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1479125.25   | 0.20%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE           | CUSIP: 64972GJ70<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1290339.63   | 0.18%             | 2046-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VS2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1022457.00   | 0.14%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                                   | CUSIP: 114894YN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2403321.04   | 0.33%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                       | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007825.30   | 0.14%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                     | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE                   | CUSIP: 39160CBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1187971.16   | 0.16%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SP1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202670.14    | 0.03%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3166947.68   | 0.44%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                     | MET ATLANTA RAPID TRANSIT AUTH GA SALES TAX REVENUE                | CUSIP: 591746BV3<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2826567.22   | 0.39%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                                | WAKE CNTY NC LIMITED OBLIG                                         | CUSIP: 930876JM0<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2428084.93   | 0.33%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                        | HARRIS CNTY TX INDL DEV CORP                                       | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1247719.72   | 0.17%             | 2050-11-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                                     | CUSIP: 167562SD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079387.50   | 0.15%             | 2041-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                          | CUSIP: 679111F90<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560549.90   | 0.21%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1287088.20   | 0.18%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504743.70    | 0.07%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813ST3<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246285.88    | 0.03%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE           | CUSIP: 79574CGF4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2806691.98   | 0.39%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                                   | CUSIP: 45203MSE2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4635000 | PA      | $5088348.42   | 0.70%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                             | CUSIP: 5946954N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3249595.50   | 0.45%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mississippi State University Educational Building Corp                           | MISSISSIPPI ST UNIV EDUCTNL BLDG CORP                              | CUSIP: 605699TP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1545033.68   | 0.21%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709225HC3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    855000 | PA      | $895776.49    | 0.12%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                    | CUSIP: 70870JFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1238242.92   | 0.17%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI       | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2791526.10   | 0.38%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 04052EBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $644680.86    | 0.09%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                   | CUSIP: 70878CAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $363686.61    | 0.05%             | 2042-06-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY        | CUSIP: 92778VDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5025933.91   | 0.69%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Office of Higher Education                                             | MINNESOTA ST OFFICE OF HGR EDU REVENUE                             | CUSIP: 60416MBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $1858467.11   | 0.26%             | 2038-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                     | VLG FL CDD #13 SPL ASSMNT REVENUE                                  | CUSIP: 92708HAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $736377.22    | 0.10%             | 2029-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                              | CUSIP: 009730PS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1618451.10   | 0.22%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Higher Education Loan Authority                                         | MISSOURI ST HGR EDU LOAN AUTH                                      | CUSIP: 606072LC8<br>LEI: 549300MTJ0T46T0MPL41 | Long             |  | MUN               | US        |   2996735 | PA      | $2768976.15   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE       | CUSIP: 762197L74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553702.10   | 0.21%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 403 Bethel                                      | PIERCE CNTY WA SCH DIST #403 BETHEL                                | CUSIP: 720611ZZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1811214.64   | 0.25%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001380.00   | 0.14%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775HH48<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $2014550.99   | 0.28%             | 2054-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                                  | ALASKA ST                                                          | CUSIP: 0117706E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1404017.55   | 0.19%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775CQB3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    585000 | PA      | $585313.09    | 0.08%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                         | CUSIP: 575896TJ4<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4128684.40   | 0.57%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                       | CUSIP: 68607V6R1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2694125.50   | 0.37%             | 2043-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578287.10   | 0.22%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                          | CUSIP: 072024XA5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992523.80    | 0.14%             | 2056-04-01      | Floating      | 2.42%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709225HB5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    860000 | PA      | $906953.16    | 0.12%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2608528.66   | 0.36%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966QPZ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987980.30    | 0.14%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5559146.29   | 0.76%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV        | CUSIP: 70868YAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3153132.00   | 0.43%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                             | CUSIP: 613603XC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1740041.44   | 0.24%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                         | CUSIP: 158862CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019805.10   | 0.42%             | 2035-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Moreland School District                                                         | MORELAND CA SCH DIST                                               | CUSIP: 616794YB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108374.10   | 0.15%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE CO                             | CUSIP: 19633TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1589088.74   | 0.22%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2044917.63   | 0.28%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE             | CUSIP: 83703EMX0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036205.30   | 0.14%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                          | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2934851.40   | 0.40%             | 2056-04-01      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE CO                             | CUSIP: 19633TAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048574.40   | 0.14%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                                   | CUSIP: 613609F76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8435000 | PA      | $8577671.28   | 1.18%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP SF MTGE REVENUE                                      | CUSIP: 917437EP6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    805000 | PA      | $874310.90    | 0.12%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                                     | CUSIP: 91412HQV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139649.40   | 0.29%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056243.10   | 0.15%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Water & Sewer Revenue                                         | EL PASO TX WTR & SWR REVENUE                                       | CUSIP: 283822ZT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074413.80   | 0.29%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584YJN0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033796.60   | 0.14%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                       | CUSIP: 649519DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $684478.48    | 0.09%             | 2031-11-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Central Florida Tourism Oversight District                                       | REEDY CREEK FL IMPT DIST                                           | CUSIP: 758449RL8<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512820.50   | 0.21%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Bridge & Tunnel Enterprise                                              | COLORADO BRIDGE & TUNNEL ENTERPRISE CO                             | CUSIP: 19633TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1128751.08   | 0.16%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                       | CUSIP: 34061UFV5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011164.10   | 0.14%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452153EK1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2131613.00   | 0.29%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JNJ3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5319131.50   | 0.73%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080WP2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $3823141.31   | 0.53%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU       | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578981.90   | 0.22%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX            | CUSIP: 89602HHF7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026107.10   | 0.14%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CCB2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2097725.40   | 0.29%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hurst-Euless-Bedford Independent School District                                 | HURST-EULESS-BEDFORD TX INDEP SCH DIST                             | CUSIP: 447819KJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1583270.55   | 0.22%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VU7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1031560.01   | 0.14%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST COPS                                               | CUSIP: 709144NN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313199.43    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | UNIV OF CINCINNATI OH RECPTS                                       | CUSIP: 9141196U1<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1237254.07   | 0.17%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE               | CUSIP: 64990KGN7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5284394.00   | 0.73%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | SEATTLE WA MUNI LIGHT & PWR REVENUE                                | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $884786.44    | 0.12%             | 2045-05-01      | Floating      | 2.22%                 | No            |                  2 | On Loan: No      |
| South San Francisco Unified School District                                      | SOUTH SAN FRANCISCO CA UNIF SCH DIST                               | CUSIP: 840058WN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1157836.53   | 0.16%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                         | ARLINGTON TX INDEP SCH DIST                                        | CUSIP: 041827AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4229916.80   | 0.58%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1512180.51   | 0.21%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BN56<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2872622.68   | 0.40%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1207221.48   | 0.17%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                               | CONROE TX INDEP SCH DIST                                           | CUSIP: 2084183W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2604894.00   | 0.36%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | New Mexico ST Mtge Fin Auth                                        | CUSIP: 647201FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1523321.20   | 0.21%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE               | CUSIP: 709225HD1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    855000 | PA      | $889718.13    | 0.12%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                      | GEO L SMITH II GA CONGRESS CTR AUTH                                | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251467.75   | 0.17%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                                     | CUSIP: 956622M84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2455689.12   | 0.34%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                   | VAUXMONT MET DIST CO                                               | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |   1292000 | PA      | $962420.36    | 0.13%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007912.70   | 0.14%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182TF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1508237.09   | 0.21%             | 2037-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | NORTH CAROLINA ST EDU ASSISTANCE AUTH                              | CUSIP: 658262GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $468252.63    | 0.06%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                               | CUSIP: 207758N74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3191088.90   | 0.44%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE             | CUSIP: 837032BZ3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3142895.40   | 0.43%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                          | CUSIP: 8371515P0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1316308.37   | 0.18%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                                | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX        | CUSIP: 91756SAP8<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    250000 | PA      | $271757.53    | 0.04%             | 2037-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                      | CUSIP: 34061WBV5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    785000 | PA      | $730203.00    | 0.10%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995441.00    | 0.14%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1359120.58   | 0.19%             | 2032-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204FWL5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036934.80   | 0.14%             | 2045-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SQ9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201427.14    | 0.03%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528VBB4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577590.35   | 0.22%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Water and Sewer Authority                                           | BUCKS CNTY PA WTR & SWR AUTH SWR SYS REVENUE                       | CUSIP: 118683JU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1098872.88   | 0.15%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                         | CUSIP: 79642GRL8<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2291880.80   | 0.32%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                           | CUSIP: 677561LW0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1830180.60   | 0.25%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CDA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3702668.20   | 0.51%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority                                            | YUMA AZ INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 988514CY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563452.25   | 0.21%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sewer System Revenue                                       | HAMILTON CNTY OH SWR SYS REVENUE                                   | CUSIP: 407288H77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1305075.28   | 0.18%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                    | CUSIP: 888808HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3081384.60   | 0.42%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VP8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750281.93    | 0.10%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                              | ROCKPORT IN POLL CONTROL REVENUE                                   | CUSIP: 773835BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.51%             | 2025-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675934B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $883421.88    | 0.12%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX            | CUSIP: 15504RGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5385000 | PA      | $5351071.27   | 0.74%             | 2045-11-01      | Floating      | 2.17%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 19648GAV4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4643650.38   | 0.64%             | 2053-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority                                      | NEW MEMPHIS ARENA PUBLIC BLDG AUTH TN                              | CUSIP: 64704CAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $713338.13    | 0.10%             | 2030-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                           | ELMHURST IL PARK DIST                                              | CUSIP: 289443JR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1297985.88   | 0.18%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT SPL FAC REVENUE               | CUSIP: 167590FG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1672740.00   | 0.23%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                  | LOUISIANA ST GAS & FUELS TAX REVENUE                               | CUSIP: 546475WY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5339777.00   | 0.73%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                       | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                       | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2291110.20   | 0.32%             | 2025-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST COPS                                               | CUSIP: 709144NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $882941.24    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                               | ALDINE TX INDEP SCH DIST                                           | CUSIP: 014393XH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3017124.90   | 0.41%             | 2032-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA DEV FIN CORP HLTHCAREFACS REVENUE                          | CUSIP: 34061QCP0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018200.80   | 0.14%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE            | CUSIP: 64578JBA3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    915000 | PA      | $880174.28    | 0.12%             | 2029-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                                   | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970577 | PA      | $3756772.59   | 0.52%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | GAINESVILLE & HALL CNTY GA HOSP AUTH                               | CUSIP: 362762QZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1491648.54   | 0.21%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                                | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995422.30    | 0.14%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                               | CUSIP: 04052BJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1335660.15   | 0.18%             | 2039-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                               | FEDERAL HOME LOAN MTGE CORP MF VARIABLE RATE CTFS                  | CUSIP: 31350ACN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7405000 | PA      | $6150969.91   | 0.85%             | 2035-06-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261APY7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1251807.84   | 0.17%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1660494.88   | 0.23%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                       | ANTELOPE VLY CA CMNTY CLG DIST                                     | CUSIP: 03667PLQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1694175.07   | 0.23%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966QY87<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1324990.00   | 0.18%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                               | CUSIP: 67756CDJ4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4119648.84   | 0.57%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                          | CUSIP: 66285WJ56<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2684560.25   | 0.37%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                       | CUSIP: 68607V6Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083584.90   | 0.15%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499375.10   | 0.21%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675932C5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519018.35    | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3146037.00   | 0.43%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                                | CUSIP: 462590MS6<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    125000 | PA      | $117409.66    | 0.02%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE         | CUSIP: 882667CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026611.70   | 0.14%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966SLY0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1573971.60   | 0.22%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION               | CUSIP: 409328AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4321396.86   | 0.59%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                 | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068073.50   | 0.15%             | 2059-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | JACKSONVILLE FL SPL REVENUE                                        | CUSIP: 469487TX0<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5481049.50   | 0.75%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE               | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6409251.00   | 0.88%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976AER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5185000 | PA      | $4555726.10   | 0.63%             | 2036-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1892138.40   | 0.26%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority No 2                                           | DOUGLAS CNTY NE HOSP AUTH #2                                       | CUSIP: 259230KT6<br>LEI: ZI8Q1A8EI8LQFJNM0D94 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.03%             | 2032-08-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                     | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3847051 | PA      | $3732464.39   | 0.51%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| South San Francisco Unified School District                                      | SOUTH SAN FRANCISCO CA UNIF SCH DIST                               | CUSIP: 840058WP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1248176.16   | 0.17%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                      | CUSIP: 64461XJX4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    815000 | PA      | $816904.33    | 0.11%             | 2040-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080UN9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    440000 | PA      | $410758.52    | 0.06%             | 2039-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                               | CUSIP: 207758K77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1678969.25   | 0.23%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia County Housing Finance Authority                                        | ESCAMBIA CNTY FL HSG FIN AUTH SF MTGE REVENUE                      | CUSIP: 296122VV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1852816.20   | 0.25%             | 2050-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 70879QUM3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2076365.25   | 0.29%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE                  | CUSIP: 64542QBN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5350110.60   | 0.74%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528U5E7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1787443.24   | 0.25%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Mississippi Gaming Tax Revenue                                          | MISSISSIPPI ST GAMING TAX REVENUE                                  | CUSIP: 605638BP9<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4090798.00   | 0.56%             | 2036-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                                | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE              | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $485000.00    | 0.07%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                               | CUSIP: 882854A69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5050348.00   | 0.69%             | 2032-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State University                                                      | WASHINGTON ST UNIV REVENUES                                        | CUSIP: 940094FU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2906255.39   | 0.40%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER CO CONVENTION CENTER HOTEL AUTH REVENUE                     | CUSIP: 249189DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507669.05    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                            | UTILITY DEBT SECURITIZATION AUTH NY                                | CUSIP: 91802RFM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7604770.60   | 1.05%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675932B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $747923.25    | 0.10%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2719283.70   | 0.37%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                           | CUSIP: 46247SFC3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1282783.40   | 0.18%             | 2028-05-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST                   | CUSIP: 93976ACR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020546.10   | 0.42%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carroll City-County Hospital Authority                                           | CARROLL CITY-CNTY GA HOSP AUTH                                     | CUSIP: 144709LV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1480418.94   | 0.20%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westfield-Washington Multi-School Building Corp                                  | WESTFIELD-WASHINGTON IN MULTI-SCH BLDG CORP                        | CUSIP: 96023PPF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1812550.03   | 0.25%             | 2041-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS MF TAX-EXEMPT                 | CUSIP: 88275LAH9<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   5624451 | PA      | $4179329.51   | 0.57%             | 2038-05-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                      | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3354118.99   | 0.46%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                  | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                          | CUSIP: 032556NG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047332.80   | 0.14%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birdville Independent School District                                            | BIRDVILLE TX INDEP SCH DIST                                        | CUSIP: 090874SA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2201488.00   | 0.30%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5274811.00   | 0.73%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                         | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1433918.84   | 0.20%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV           | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7211040.20   | 0.99%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreland School District                                                         | MORELAND CA SCH DIST                                               | CUSIP: 616794YC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1128196.69   | 0.16%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                             | BROOME CNTY NY LOCAL DEV CORP REVENUE                              | CUSIP: 114731AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1646513.60   | 0.23%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                                | SPARKS NV TOURISM IMPT DIST #1 REVENUE                             | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $398382.90    | 0.05%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                       | CUSIP: 14052WDM6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1673691.96   | 0.23%             | 2031-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV       | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   8490000 | PA      | $8851263.08   | 1.22%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532KM5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2836681.10   | 0.39%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532PR9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050642.20   | 0.14%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                             | CUSIP: 472682ZK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3161430.30   | 0.43%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                            | CUSIP: 592190QT2<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1737632.81   | 0.24%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DTS1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.06%             | 2042-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                             | TOBACCO SETTLEMENT FING CORP RI                                    | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1459915.90   | 0.20%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                  | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2121744.60   | 0.29%             | 2054-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi Gaming Tax Revenue                                          | MISSISSIPPI ST GAMING TAX REVENUE                                  | CUSIP: 605638AN5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   4755000 | PA      | $4780377.91   | 0.66%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                | CUSIP: 167560XF3<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2636766.25   | 0.36%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Energy Agency                                                 | KENTUCKY ST MUNI ENERGY AGY PWR SYS REVENUE                        | CUSIP: 491499AP4<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |   4245000 | PA      | $4397685.86   | 0.60%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                           | CUSIP: 46247SFS8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014688.00   | 0.28%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2093228.60   | 0.29%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                  | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2331119.40   | 0.32%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087964R5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1819712.26   | 0.25%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2114684.62   | 0.29%             | 2039-03-01      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE           | CUSIP: 160853MR5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.03%             | 2038-01-15      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                                   | CUSIP: 45471AUS9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1113886.05   | 0.15%             | 2039-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2883748.49   | 0.40%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                               | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $701599.13    | 0.10%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE       | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4740143.85   | 0.65%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                     | CUSIP: 60637B5A4<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3423875.81   | 0.47%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                         | CUSIP: 79642GRK0<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2094698.20   | 0.29%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3729825.15   | 0.51%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                 | CUSIP: 59335KEX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2273002.88   | 0.31%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                                | WAKE CNTY NC LIMITED OBLIG                                         | CUSIP: 930876JN8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1470272.02   | 0.20%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506DU94<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044159.80   | 0.28%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                               | AUSTIN TX INDEP SCH DIST                                           | CUSIP: 052430WX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083597.00   | 0.29%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Water and Sewer Authority                                           | BUCKS CNTY PA WTR & SWR AUTH SWR SYS REVENUE                       | CUSIP: 118683JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1727287.74   | 0.24%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | NEVADA DEPT OF BUSINESS & INDUSTRY NV REVENUE                      | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2385636.00   | 0.33%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| County of Lake FL                                                                | LAKE CNTY FL EDUCTNL FACS REVENUE                                  | CUSIP: 50825CAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $436956.24    | 0.06%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                            | CUSIP: 677523LU4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5293844.50   | 0.73%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559580.75   | 0.21%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                               | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $996040.88    | 0.14%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                     | CUSIP: 64971XFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2045-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                                 | CUSIP: 052477QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3748998.40   | 0.52%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE         | CUSIP: 54811BK83<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3901751.18   | 0.54%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                        | CUSIP: 514045S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976270.30    | 0.13%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                                     | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2893367 | PA      | $2723316.06   | 0.37%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SS5<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    225000 | PA      | $224065.46    | 0.03%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                        | CUSIP: 64966SCH7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037997.60   | 0.14%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3745876.99   | 0.52%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE                | CUSIP: 396649ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2556048.75   | 0.35%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087962J5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199610.20    | 0.03%             | 2041-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 1964795U9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    880000 | PA      | $886860.22    | 0.12%             | 2049-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                            | CUSIP: 64613CEU8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043409.80   | 0.14%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                   | LAMAR TX CONSOL INDEP SCH DIST                                     | CUSIP: 513174H54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2646363.05   | 0.36%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | MIAMI-DADE CNTY FL WTR & SWR REVENUE                               | CUSIP: 59334DNU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $772719.23    | 0.11%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                          | CUSIP: 66285WR32<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2620428.00   | 0.36%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452153EU9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042780.90   | 0.14%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                               | ALDINE TX INDEP SCH DIST                                           | CUSIP: 014393ZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2859774.23   | 0.39%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10013365.00  | 1.38%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD SPL FAC REVENUE                        | CUSIP: 64763KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1290717.75   | 0.18%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | COBB CNTY GA KENNESTONE HOSP AUTH                                  | CUSIP: 190813SR7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250662.95    | 0.03%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi State University Educational Building Corp                           | MISSISSIPPI ST UNIV EDUCTNL BLDG CORP                              | CUSIP: 605699TQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1618044.74   | 0.22%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                 | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962115.70    | 0.13%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                             | BROOME CNTY NY LOCAL DEV CORP REVENUE                              | CUSIP: 114731AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1548586.20   | 0.21%             | 2036-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                             | CUSIP: 613603XE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2785830.50   | 0.38%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1545820.50   | 0.21%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE                       | CUSIP: 686087YJ0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1423395.79   | 0.20%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                         | UNIV OF CINCINNATI OH RECPTS                                       | CUSIP: 9141196T4<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1182944.34   | 0.16%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                     | CUSIP: 20772KNA3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $929798.25    | 0.13%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528U6V8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110356.20   | 0.29%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares               | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     20780 | NS      | $20782.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| University of Cincinnati                                                         | UNIV OF CINCINNATI OH RECPTS                                       | CUSIP: 9141196S6<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1138317.47   | 0.16%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE             | CUSIP: 939783VQ6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    840000 | PA      | $840329.28    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | SAINT CLOUD MN HLTH CARE REVENUE                                   | CUSIP: 78916VEP1<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540858.05   | 0.21%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority                                      | NEW MEMPHIS ARENA PUBLIC BLDG AUTH TN                              | CUSIP: 64704CAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1052467.79   | 0.14%             | 2029-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPN0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064655.00   | 0.15%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                      | CUSIP: 93974E7C4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3104433.60   | 0.43%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2165019.80   | 0.30%             | 2032-07-15      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970000 | PA      | $3987209.55   | 0.55%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV        | CUSIP: 70868YAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4173140.00   | 0.57%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57584YJP5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059653.40   | 0.28%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                   | CUSIP: 70878CAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $1902307.20   | 0.26%             | 2041-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| DuPage County School District No 58 Downers Grove                                | DU PAGE CNTY IL SCH DIST #58 DOWNERS GROVE                         | CUSIP: 263165JT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3258963.30   | 0.45%             | 2042-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                       | CUSIP: 64972E4L0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4013664.80   | 0.55%             | 2063-05-01      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1724024.78   | 0.24%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                                 | CUSIP: 57563RQU6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    140000 | PA      | $138137.72    | 0.02%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                           | CUSIP: 717883UE0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   8970000 | PA      | $9134232.63   | 1.26%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DBQ4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3287639.70   | 0.45%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                         | CUSIP: 56681NHY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3487765.42   | 0.48%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1439019.54   | 0.20%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA Water Revenue                                                 | NORFOLK VA WTR REVENUE                                             | CUSIP: 656009QD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1113413.52   | 0.15%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | DALLAS TX SPL TAX REVENUE                                          | CUSIP: 235380AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $3019029.25   | 0.42%             | 2053-08-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                        | CUSIP: 6589096S0<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   4820000 | PA      | $5174744.29   | 0.71%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                           | CUSIP: 542691KA7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1202094.50   | 0.17%             | 2049-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                           | ELMHURST IL PARK DIST                                              | CUSIP: 289443JQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041276.30   | 0.14%             | 2043-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 167593K84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2534308.00   | 0.35%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                        | CUSIP: 452153EH8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2123978.80   | 0.29%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JGM4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1565356.80   | 0.22%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                     | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1334017.44   | 0.18%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                            | CUSIP: 45505MPP5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052365.20   | 0.14%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV        | CUSIP: 70868YAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2547312.72   | 0.35%             | 2037-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                  | CUSIP: 93978HSH9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2340334.87   | 0.32%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2606984.88   | 0.36%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                       | CUSIP: 646140FU2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2072265.80   | 0.28%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | HAWAII ST                                                          | CUSIP: 419792RQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4447359.84   | 0.61%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1640409.92   | 0.23%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                                 | CUSIP: 052477YS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025331.00   | 0.14%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                              | PROSPER TX INDEP SCH DIST                                          | CUSIP: 7436003N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4233561.60   | 0.58%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                       | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4614723.00   | 0.63%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                        | CUSIP: 010056MS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1129941.62   | 0.16%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                               | PLAZA AT NOAHS ARK CMNTY IMPT DIST MO TAX INCR & IMPT              | CUSIP: 72813LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $677296.52    | 0.09%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                  | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                          | CUSIP: 032556NF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050391.80   | 0.14%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JJB5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2868946.03   | 0.39%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                        | CUSIP: 594698QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $719641.30    | 0.10%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 1675934C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1199063.79   | 0.16%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                               | CUSIP: 2202452L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1705932.69   | 0.23%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                             | CUSIP: 472682ZL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1568974.05   | 0.22%             | 2041-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD       | CUSIP: 592029CF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516669.15    | 0.07%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | VERMONT ST EDUCTNL & HLTH BLDGS FING AGY REVENUE                   | CUSIP: 924166LG4<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1428339.30   | 0.20%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Tech University System                                                     | TEXAS ST TECH UNIV REVENUES                                        | CUSIP: 882806KN1<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1246227.72   | 0.17%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                  | CUSIP: 83712DC79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175560.54    | 0.02%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2019-ML05 TRUST                                                            | Freddie Mac Multifamily ML Certificates                            | CUSIP: 30309HAA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    559225 | PA      | $523656.14    | 0.07%             | 2033-11-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Southwestern Illinois Development Authority                                      | S WSTRN IL DEV AUTH REV                                            | CUSIP: 84552YTH4<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $4131556.24   | 0.57%             | 2043-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT        | CUSIP: 38122NZP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5308141.50   | 0.73%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-25

**Name of Applicant:** DEUTSCHE DWS TAX FREE TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer