# EDGAR Filing Document

**Accession Number:** 0001342947
**File Stem:** 0001003715-25-001906
**Filing Date:** 2025-12
**Character Count:** 183552
**Document Hash:** 4feaf2eaeee2afce30bcbf3ae6100fe4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-25-001906.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001003715-25-001906

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BBH Trust
- **CENTRAL INDEX KEY:** 0001342947

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21829
- **FILM NUMBER:** 251607568

**BUSINESS ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 800-575-1265

**MAIL ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

## Series and Classes Contracts Data

### BBH Intermediate Municipal Bond Fund (Series ID: S000034202)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000105434 | Class N Shares | BBINX           |
| C000105435 | Class I Shares | BBIIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BBH Trust

- **b. Investment Company Act file number:** 811-21829

- **c. CIK number of Registrant:** 0001342947

- **d. LEI of Registrant:** 5493002QM4WBFYUZ3Y95

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

  - **Street Address 1:** 140 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10005-1108

  - **Telephone number:** 800-575-1265

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

- **a. Name of Series:** BBH Intermediate Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000034202

- **c. LEI of Series:** 549300DPCM9UOCN3CJ45

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $2018614902.66

**Total Liabilities:** $33935733.08

**Net Assets:** $1984679169.58

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3674.00000000 | **1-Year:** -69500.00000000 | **5-Year:** -326473.00000000 | **10-Year:** -711173.00000000 | **30-Year:** -181770.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000105435 | 0.80%                | 1.58%                | 0.89%                |
| Class ID C000105434 | 0.79%                | 1.65%                | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-76030.77               | $8772498.74                                |
| Month 2  | $846673.15               | $22635386.84                               |
| Month 3  | $254369.35               | $10654823.08                               |

**Designated Index Information**

- **Index Name:** Bloomberg 1-15 Year Muni Blend

- **Index Identifier:** LM17TR Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DIST OF COLUMBIA 5% 06/01/41   | DIST OF COLUMBIA REGD B/E 5.00000000                                                 | CUSIP: 25476FSD1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1481900.20   | 0.07%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MODESTO CA IRR DI V/R 09/01/37 | MODESTO CA IRR DIST FING AUTH REGD V/R B/E NATL 3.60000000                           | CUSIP: 607769EL6<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |  16495000 | PA      | $15855467.41  | 0.80%             | 2037-09-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY V/R 04/01/53 | BLACK BELT ENERGY GAS DIST AL REGD V/R B/E 3.87000000                                | CUSIP: 09182TBD8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11841837.60  | 0.60%             | 2053-04-01      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNT 6.25% 12/01/55 | WYOMING ST CMNTY DEV AUTH HSG REGD B/E 6.25000000                                    | CUSIP: 98322QW45<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1481513.37   | 0.07%             | 2055-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA UNI ZCP 08/01/36 | LONG BEACH CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                              | CUSIP: 542433QL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6920000 | PA      | $4405074.78   | 0.22%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FRETE 2024-ML25  V/R 11/25/38  | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML25 CL ACA V/R 3.42703700          | CUSIP: 3137HH6G1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9882467 | PA      | $9357626.07   | 0.47%             | 2038-11-25      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| ALLAN HANCOCK JT C 0% 08/01/42 | ALLAN HANCOCK JT CMNTY CLG CA REGD OID B/E 0.00000000                                | CUSIP: 016730DA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11555000 | PA      | $10148638.64  | 0.51%             | 2042-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG F 3% 01/01/52 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 3.00000000                                 | CUSIP: 60416TFM5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1263927.41   | 0.06%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM A 5% 03/15/45 | NEW YORK ST DORM AUTH ST PERSO REGD B/E 5.00000000                                   | CUSIP: 64990KHZ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1386672.82   | 0.07%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HL V/R 07/01/48 | CONNECTICUT ST HLTH & EDUCTNL REGD V/R B/E 2.80000000                                | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   7825000 | PA      | $7814374.43   | 0.39%             | 2048-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| MARTIN CNTY FL HLT 4% 01/01/46 | MARTIN CNTY FL HLTH FACS AUTH REGD B/E 4.00000000                                    | CUSIP: 573903FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3382753.21   | 0.17%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUBLIC ZCP 09/01/31 | ANAHEIM CA PUBLIC FING AUTH LE REGD N/C ZCP OID B/E AG 0.00000000                    | CUSIP: 03255LBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2962354.85   | 0.15%             | 2031-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW MEMPHIS ARENA  0% 04/01/29 | NEW MEMPHIS ARENA PUBLIC BLDG REGD N/C OID B/E 0.00000000                            | CUSIP: 64704CAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5575000 | PA      | $5507950.59   | 0.28%             | 2029-04-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/55 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MK34<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4990000 | PA      | $5636892.62   | 0.28%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 07/01/35 | LOS ANGELES CA DEPT OF WTR & P REGD N/C B/E 5.00000000                               | CUSIP: 544532QD9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $4448785.97   | 0.22%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BON V/R 11/15/27 | LONG BEACH CA BOND FIN AUTH NA REGD V/R B/E 4.44690000                               | CUSIP: 54241ABC6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1213960.08   | 0.06%             | 2027-11-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| RIALTO CA UNIF SC ZCP 08/01/40 | RIALTO CA UNIF SCH DIST REGD ZCP OID B/E BAM 0.00000000                              | CUSIP: 762494SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $635336.64    | 0.03%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/41 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440DU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2416137.00   | 0.12%             | 2041-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG 2% 05/15/30 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E AMT 2.00000000                               | CUSIP: 20775HBQ5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    165000 | PA      | $151192.77    | 0.01%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DE 6% 05/01/55 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 6.00000000                           | CUSIP: 60637GBD0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   4705000 | PA      | $5198650.48   | 0.26%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/41 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429X44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $902298.42    | 0.05%             | 2041-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN 6% 07/01/54 | IDAHO ST HSG & FIN ASSN SF MTG REGD B/E GNMA/FN 6.00000000                           | CUSIP: 45129Y5K8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   4805000 | PA      | $5292659.45   | 0.27%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC H V/R 09/01/39 | E-470 CO PUBLIC HIGHWAY AUTH REGD V/R B/E 3.61090000                                 | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10975616.30  | 0.55%             | 2039-09-01      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG 6% 11/15/54 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 6.00000000                           | CUSIP: 20775HM34<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   4885000 | PA      | $5263814.65   | 0.27%             | 2054-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/34 | OREGON COAST OR CMNTY CLG DIST REGD N/C OID B/E SCH BD 5.00000000                    | CUSIP: 68583NCB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $350298.72    | 0.02%             | 2034-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/40 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1232385.86   | 0.06%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG 4% 05/15/49 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E 4.00000000                                   | CUSIP: 20775CU85<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2399972.31   | 0.12%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH  4% 11/15/43 | PREREF WISCONSIN ST HLTH & EDUCTNL FA REGD B/E PREREFUNDED 11/15/28 @ 100 4.00000000 | CUSIP: 97712JPN7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    815000 | PA      | $851346.64    | 0.04%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 4% 11/01/45 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 4.00000000                                     | CUSIP: 83756CLL7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40017.07     | 0.00%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/34 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583JJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1072635.33   | 0.05%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 5.25% 04/01/53 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 5.25000000                           | CUSIP: 45203MLG4<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4795000 | PA      | $5103371.25   | 0.26%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/43 | ANTELOPE VLY CA CMNTY CLG DIST REGD B/E 5.00000000                                   | CUSIP: 03667PLP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110866.00   | 0.11%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG 6.25% 07/01/55 | KENTUCKY ST HSG CORP SF MTGE REGD B/E GNMA/FN 6.25000000                             | CUSIP: 491309PS3<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6950905.00   | 0.35%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CA JT UNI ZCP 08/01/40 | CHAFFEY CA JT UNION HIGH SCH D REGD ZCP OID B/E 0.00000000                           | CUSIP: 157411VV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $801964.50    | 0.04%             | 2040-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST T ZCP 12/01/41 | PENNSYLVANIA ST TURNPIKE COMMI REGD N/C ZCP OID B/E 0.00000000                       | CUSIP: 709224DS5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $1599425.34   | 0.08%             | 2041-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DOR 5.25% 03/15/46 | NEW YORK ST DORM AUTH ST PERSO REGD B/E 5.25000000                                   | CUSIP: 64990KJA2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7610589.00   | 0.38%             | 2046-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY  5.25% 07/01/42 | SAN DIEGO CNTY CA REGL ARPT AU REGD B/E AMT 5.25000000                               | CUSIP: 79739GSZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3283641.30   | 0.17%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV ARPT 5% 07/01/36 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.00000000                               | CUSIP: 759874CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1066280.77   | 0.05%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/31 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 646136XJ5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9775000 | PA      | $8139569.19   | 0.41%             | 2031-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN 5.75% 03/01/54 | OHIO ST HSG FIN AGY RSDL MTGE REGD B/E FNMA/GN 5.75000000                            | CUSIP: 67756Q2H9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   5960000 | PA      | $6289948.58   | 0.32%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV  V/R 07/01/56 | VIRGINIA HSG DEV AUTH REGD V/R B/E 3.12500000                                        | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9995506.00   | 0.50%             | 2056-07-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF  4% 12/01/43 | MONTANA ST BRD OF HSG SF MTGE REGD B/E 4.00000000                                    | CUSIP: 61212WFN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $305214.42    | 0.02%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 05/01/38 | NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JLX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3501072.98   | 0.18%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP  V/R 04/01/46 | UTAH ST HSG CORP MF REVENUE REGD V/R B/E 2.95000000                                  | CUSIP: 917434DM1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4969625.00   | 0.25%             | 2046-04-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| NRTHRN CA ENERGY  V/R 12/01/54 | NRTHRN CA ENERGY AUTH COMMODIT REGD V/R B/E 5.00000000                               | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10823925.00  | 0.55%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST T 4.25% 06/15/44 | NEW JERSEY ST TRANSPRTN TRUST REGD OID B/E 4.25000000                                | CUSIP: 64613CDQ8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995465.70    | 0.05%             | 2044-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TILLAMOOK BAY OR  ZCP 06/15/38 | TILLAMOOK BAY OR CMNTY CLG DIS REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 886792BD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1134051.83   | 0.06%             | 2038-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY  V/R 01/01/56 | CALIFORNIA CMNTY CHOICE FING A REGD V/R B/E 5.00000000                               | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2827280.18   | 0.14%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST D 4% 07/01/41 | MASSACHUSETTS ST DEV FIN AGY R REGD B/E 4.00000000                                   | CUSIP: 57584X8V6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4665290.02   | 0.24%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/37 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392275EZ2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3235000 | PA      | $3579999.49   | 0.18%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 4% 05/01/43 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 4.00000000                                   | CUSIP: 735389E46<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4567159.66   | 0.23%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST 3.3% 06/01/34 | MASSACHUSETTS ST HSG FIN AGY H REGD B/E AMT 3.30000000                               | CUSIP: 57587AQ92<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    370000 | PA      | $363280.95    | 0.02%             | 2034-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ALASKA ST 5% 08/01/27          | ALASKA ST REGD N/C B/E 5.00000000                                                    | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040858.30   | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF  4% 12/01/50 | MONTANA ST BRD OF HSG SF MTGE REGD B/E 4.00000000                                    | CUSIP: 61212WKN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2187680.69   | 0.11%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG  4.75% 07/01/52 | INDIANA ST HSG & CMNTY DEV AUT REGD OID B/E GNMA/FN 4.75000000                       | CUSIP: 45505TXV8<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5508265.33   | 0.28%             | 2052-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 02/15/36 | PREREF ILLINOIS ST FIN AUTH REVENUE REGD B/E PREREFUNDED 02/15/27 @ 100 5.00000000   | CUSIP: 45204FN84<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    790000 | PA      | $813704.19    | 0.04%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/30 | ANTELOPE VLY CA CMNTY CLG DIST REGD N/C B/E 5.00000000                               | CUSIP: 03667PLA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075247.80   | 0.05%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY & PH 6% 09/01/56 | MARICOPA CNTY & PHOENIX AZ IND REGD B/E GNMA CO 6.00000000                           | CUSIP: 566736LA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5576634.50   | 0.28%             | 2056-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH PORT V/R 02/01/55 | LANCASTER OH PORT AUTH GAS REV REGD V/R B/E 5.00000000                               | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7494982.60   | 0.38%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT 5% 11/01/35 | LOVE FIELD TX ARPT MODERNIZATI REGD B/E AMT 5.00000000                               | CUSIP: 54714CBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022820.20   | 0.10%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 6% 03/01/53 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 6.00000000                           | CUSIP: 88275FVW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3343528.50   | 0.17%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.75% 11/15/36 | DENVER CITY & CNTY CO ARPT REV REGD N/C B/E AMT 5.75000000                           | CUSIP: 249182TE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3656284.80   | 0.18%             | 2036-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV  4% 07/01/48 | TENNESSEE HSG DEV AGY RSDL FIN REGD B/E 4.00000000                                   | CUSIP: 880461SC3<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    520000 | PA      | $520756.60    | 0.03%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST 6.25% 11/01/55 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E GNMA/FN 6.25000000                             | CUSIP: 83756LBH7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   4980000 | PA      | $5572952.66   | 0.28%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FI V/R 09/01/50 | FLORIDA ST DEV FIN CORP SOL WS REGD V/R B/E AMT 3.40000000                           | CUSIP: 34061XAH5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7030330.30   | 0.35%             | 2050-09-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 4.25% 01/01/49 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 4.25000000                                 | CUSIP: 60416SB66<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1033128.15   | 0.05%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG 6.25% 07/01/54 | KENTUCKY ST HSG CORP SF MTGE REGD B/E GNMA/FN 6.25000000                             | CUSIP: 491309ES5<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   4780000 | PA      | $5302620.34   | 0.27%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENE V/R 05/01/53 | CENTRL PLAINS ENERGY PROJ NE G REGD V/R B/E 5.00000000                               | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  19875000 | PA      | $20961991.58  | 1.06%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MT 6.5% 09/01/54 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 6.50000000                              | CUSIP: 647201ZU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9275000 | PA      | $10172666.96  | 0.51%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY  V/R 03/01/55 | SOUTHEAST ENERGY AUTHORITY A C REGD V/R B/E 5.25000000                               | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  12640000 | PA      | $13613606.11  | 0.69%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| WINDSOR CA UNIF S ZCP 08/01/33 | WINDSOR CA UNIF SCH DIST REGD N/C ZCP OID B/Q B/E 0.00000000                         | CUSIP: 973517HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $814779.89    | 0.04%             | 2033-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/44 | ANTELOPE VLY CA CMNTY CLG DIST REGD B/E 5.00000000                                   | CUSIP: 03667PLQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1757507.82   | 0.09%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HL V/R 07/01/57 | CONNECTICUT ST HLTH & EDUCTNL REGD V/R B/E 2.80000000                                | CUSIP: 20775DUY6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   6580000 | PA      | $6571775.00   | 0.33%             | 2057-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 05/15/37 | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.00000000                               | CUSIP: 544445SS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077590.60   | 0.05%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI CITY SC 6% 05/01/29 | DETROIT MI CITY SCH DIST REGD N/C B/E AG Q-SB 6.00000000                             | CUSIP: 251129ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2667146.00   | 0.13%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATUR V/R 12/01/53 | MAIN STREET NATURAL GAS INC GA REGD V/R B/E 5.00000000                               | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8076658.50   | 0.41%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LANE & DOUGLAS CNT 0% 06/15/36 | LANE & DOUGLAS CNTYS OR SCH DI REGD OID B/E SCH BD 5.00000000                        | CUSIP: 515160EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $953519.16    | 0.05%             | 2036-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 09/15/27 | TEXAS ST MUNI GAS ACQUISITION REGD N/C V/R B/E 3.52760000                            | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   6410000 | PA      | $6414497.90   | 0.32%             | 2027-09-15      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/38 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 9384292K2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3037246.00   | 0.15%             | 2038-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 05/01/40 | NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JHS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3483936.66   | 0.18%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN  6.5% 03/01/56 | OHIO ST HSG FIN AGY RSDL MTGE REGD B/E GNMA/FN 6.50000000                            | CUSIP: 67756UDQ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |  16285000 | PA      | $18602412.50  | 0.94%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & 6.5% 07/01/55 | INDIANA ST HSG & CMNTY DEV AUT REGD B/E GNMA/FN 6.50000000                           | CUSIP: 45505WCY8<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3963658.30   | 0.20%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN V/R 06/25/42 | FEDERAL HOME LOAN MTGE CORP MF REGD N/C V/R B/E 4.49700000                           | CUSIP: 31350ADY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8797088 | PA      | $8886250.35   | 0.45%             | 2042-06-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNT 3.75% 12/01/49 | WYOMING ST CMNTY DEV AUTH HSG REGD B/E 3.75000000                                    | CUSIP: 98322QUG0<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    330000 | PA      | $329844.57    | 0.02%             | 2049-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH F 5% 05/15/36 | COLORADO ST HLTH FACS AUTH REV REGD B/E 5.00000000                                   | CUSIP: 19648FYC2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   7065000 | PA      | $7818596.70   | 0.39%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/34 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647GF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1245051.52   | 0.06%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/34 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 646136XM8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7295000 | PA      | $5393229.98   | 0.27%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/30 | MET WASHINGTON DC ARPTS AUTH A REGD N/C B/E AMT 5.00000000                           | CUSIP: 592647LB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1731224.49   | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 3.45% 03/01/49 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 3.45000000                           | CUSIP: 60416QHL1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1173153 | PA      | $1108428.89   | 0.06%             | 2049-03-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 07/01/32 | LOS ANGELES CA DEPT WTR & PWR REGD B/E 5.00000000                                    | CUSIP: 5444952H6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3188543.28   | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANE CNTY OR SCH  ZCP 06/15/43 | LANE CNTY OR SCH DIST #40 CRES REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 515354EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $653590.83    | 0.03%             | 2043-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/32 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FH40<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1136583.80   | 0.06%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA  6.25% 07/01/54 | SOUTH CAROLINA ST HSG FIN & DE REGD B/E 6.25000000                                   | CUSIP: 83712D5F9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6060000 | PA      | $6719453.44   | 0.34%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI G 6.25% 12/15/26 | TEXAS ST MUNI GAS ACQUISITION REGD N/C OID B/E 6.25000000                            | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   6340000 | PA      | $6449419.52   | 0.32%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINA 5% 12/01/32 | SALT VERDE AZ FINANCIAL CORP S REGD N/C OID B/E 5.00000000                           | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   4865000 | PA      | $5333246.52   | 0.27%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 01/01/55 | NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                            | CUSIP: 6582074E2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   8740000 | PA      | $9440604.52   | 0.48%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 05/15/37 | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.00000000                               | CUSIP: 544445X87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2645327.52   | 0.13%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE 6% 03/01/55 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 6.00000000                              | CUSIP: 647201K43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4870000 | PA      | $5360722.63   | 0.27%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND O 5% 07/01/36 | PORT OF PORTLAND OR ARPT REVEN REGD B/E AMT 5.00000000                               | CUSIP: 7352403A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3311221.50   | 0.17%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF  6% 12/01/55 | MONTANA ST BRD OF HSG SF MTGE REGD B/E 6.00000000                                    | CUSIP: 61212WD77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3595783.10   | 0.18%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/30 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG82<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1205042.96   | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/28 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG41<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3673916.05   | 0.19%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 04/01/54 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MUH2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5730698.66   | 0.29%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SY 5% 07/01/34 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 5.00000000                                  | CUSIP: 442349FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1357759.00   | 0.07%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN  4.5% 09/01/48 | OHIO ST HSG FIN AGY RSDL MTGE REGD B/E GNMA/FN 4.50000000                            | CUSIP: 67756QXM4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   5865000 | PA      | $5912719.40   | 0.30%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND O 4% 07/01/38 | PORT OF PORTLAND OR ARPT REVEN REGD B/E AMT 4.00000000                               | CUSIP: 7352402L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008293.50   | 0.25%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN 5.5% 07/01/41 | MET NASHVILLE TN ARPT AUTH ARP REGD B/E AMT 5.50000000                               | CUSIP: 592190QW5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2034094.13   | 0.10%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG  4.2% 11/01/48 | COLORADO ST HSG & FIN AUTH REGD B/E GNMA CO 4.20000000                               | CUSIP: 196479V48<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    389653 | PA      | $386494.84    | 0.02%             | 2048-11-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA  5.5% 09/01/48 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.50000000                                  | CUSIP: 717883A77<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2878889.31   | 0.15%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 08/01/46 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5755000 | PA      | $5882759.85   | 0.30%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL  5.25% 10/01/43 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.25000000                               | CUSIP: 392275FF5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5387142.00   | 0.27%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRAN 5% 06/15/39 | NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.00000000                                    | CUSIP: 64613CGA0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3432012.58   | 0.17%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST H 2.1% 05/15/31 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E AMT 2.10000000                               | CUSIP: 20775HBS1<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    400000 | PA      | $353719.84    | 0.02%             | 2031-05-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG F V/R 06/15/54 | NEW YORK ST HSG FIN AGY ST PER REGD V/R B/E 3.35000000                               | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5010081.50   | 0.25%             | 2054-06-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 05/01/42 | NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JNH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5807382.74   | 0.29%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CLACKAM ZCP 06/15/36 | MULTNOMAH CLACKAMAS CNTYS OR S REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625482GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6135000 | PA      | $3862238.33   | 0.19%             | 2036-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINA 5% 12/01/37 | SALT VERDE AZ FINANCIAL CORP S REGD N/C OID B/E 5.00000000                           | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |  21695000 | PA      | $23739217.88  | 1.20%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIO HONDO CA CMNT ZCP 08/01/43 | RIO HONDO CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                              | CUSIP: 767121ES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11745000 | PA      | $5112235.58   | 0.26%             | 2043-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ  1.3% 06/01/27 | YAVAPAI CNTY AZ INDL DEV AUTH REGD N/C B/E AMT 1.30000000                            | CUSIP: 98521UAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2880074.70   | 0.15%             | 2027-06-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE T 5.25% 07/01/34 | MET NASHVILLE TN ARPT AUTH ARP REGD B/E AMT 5.25000000                               | CUSIP: 592190QP0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1624554.34   | 0.08%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/32 | LINCOLN CNTY OR SCH DIST REGD N/C B/E SCH BD 0.00000000                              | CUSIP: 533404CX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1033497.59   | 0.05%             | 2032-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST HSG  6.5% 03/01/56 | OKLAHOMA ST HSG FIN AGY SF MTG REGD B/E GNMA/FN 6.50000000                           | CUSIP: 67886MT41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5641464.93   | 0.28%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 01/01/31 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FH24<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116908.50   | 0.06%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 05/01/42 | NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JMB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11600000 | PA      | $12591708.36  | 0.63%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 4% 02/01/39 | NEW YORK CITY NY TRANSITIONAL REGD B/E 4.00000000                                    | CUSIP: 64971XK80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2536612.50   | 0.13%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIALTO CA UNIF SC ZCP 08/01/42 | RIALTO CA UNIF SCH DIST REGD ZCP OID B/E BAM 0.00000000                              | CUSIP: 762494SM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $670529.72    | 0.03%             | 2042-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV POL V/R 01/01/36 | CLARK CNTY NV POLL CONTROL REV REGD V/R B/E 3.75000000                               | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2533105.58   | 0.13%             | 2036-01-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDE V/R 06/01/50 | NORTHSIDE TX INDEP SCH DIST REGD V/R B/E PSF-GTD 3.55000000                          | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10088705.00  | 0.51%             | 2050-06-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| NTHRN CA GAS AUTH V/R 07/01/27 | NTHRN CA GAS AUTH #1 GAS PROJ REGD V/R B/E 3.56540000                                | CUSIP: 66483PAH4<br>LEI: 549300TLE6LHZ4MKO832 | Long             | DBT              | MUN               | US        |   3920000 | PA      | $3925899.99   | 0.20%             | 2027-07-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 4% 07/15/47 | ILLINOIS ST FIN AUTH REVENUE REGD B/E 4.00000000                                     | CUSIP: 45204EA32<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  21720000 | PA      | $19821585.12  | 1.00%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/33 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392274W69<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064374.60   | 0.10%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUT V/R 11/01/32 | MET TRANSPRTN AUTH NY REVENUE REGD V/R B/E AG 3.66090000                             | CUSIP: 59261AL54<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500308.40   | 0.08%             | 2032-11-01      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| RIO HONDO CA CMNT ZCP 08/01/45 | RIO HONDO CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                              | CUSIP: 767121EU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6075000 | PA      | $2365142.09   | 0.12%             | 2045-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUN V/R 09/01/50 | CALIFORNIA ST MUNI FIN AUTH SO REGD V/R B/E AMT 3.37500000                           | CUSIP: 13048RAS6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2474149.50   | 0.12%             | 2050-09-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 07/01/41 | LOS ANGELES CA DEPT OF WTR & P REGD B/E BAM 5.00000000                               | CUSIP: 544532PN8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099886.20   | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY C V/R 06/01/39 | SACRAMENTO CNTY CA WTR FING AU REGD V/R B/E NATL 3.54000000                          | CUSIP: 78615RCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6375000 | PA      | $5820505.69   | 0.29%             | 2039-06-01      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 08/01/34 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389U89<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6096305.60   | 0.31%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/38 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 646136WK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $3629885.40   | 0.18%             | 2038-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/36 | OREGON COAST OR CMNTY CLG DIST REGD OID B/E SCH BD 5.00000000                        | CUSIP: 68583NCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $646776.20    | 0.03%             | 2036-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT O 5.75% 01/01/53 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 5.75000000                           | CUSIP: 882750SX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3281634.56   | 0.17%             | 2053-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH  5% 01/01/29 | ILLINOIS FIN AUTH SURFACE FREI REGD N/C B/E 5.00000000                               | CUSIP: 45204FG66<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1265838.75   | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMB 5% 07/15/40 | DISTRICT OF COLUMBIA HOSP REVE REGD B/E 5.00000000                                   | CUSIP: 254764KC6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  12900000 | PA      | $12931737.87  | 0.65%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 6% 05/01/54 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E GNMA/FN 6.00000000                             | CUSIP: 83756C2W4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   4995000 | PA      | $5291207.50   | 0.27%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/52 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MKB6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2776976.76   | 0.14%             | 2052-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG 3.6% 01/01/49 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 3.60000000                           | CUSIP: 60416QHJ6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    464311 | PA      | $438054.15    | 0.02%             | 2049-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH 5% 11/15/37 | MET TRANSPRTN AUTH NY REVENUE REGD B/E 5.00000000                                    | CUSIP: 59261AFS1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10425000 | PA      | $10572089.45  | 0.53%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY AR HO 5% 03/01/41 | PULASKI CNTY AR HOSP REVENUE REGD B/E 5.00000000                                     | CUSIP: 745392KG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063868.50   | 0.05%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF 4.3% 09/01/38 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 4.30000000                           | CUSIP: 88275FYV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1424616.40   | 0.07%             | 2038-09-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT 5.25% 07/01/41 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT AG 5.25000000                               | CUSIP: 442349GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5383465.50   | 0.27%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/36 | MIAMI-DADE CNTY FL AVIATION RE REGD B/E AMT 5.00000000                               | CUSIP: 59333P7N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14025000 | PA      | $15559682.82  | 0.78%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL AR 5% 10/01/31 | BROWARD CNTY FL ARPT SYS REVEN REGD B/E AMT 5.00000000                               | CUSIP: 114894YG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3268729.53   | 0.16%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/35 | LINCOLN CNTY OR SCH DIST REGD N/C B/E SCH BD 0.00000000                              | CUSIP: 533404DA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $909144.47    | 0.05%             | 2035-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/42 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647EQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5805000 | PA      | $5861947.05   | 0.30%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA JT U ZCP 08/01/33 | ROSEVILLE CA JT UNION HIGH SCH REGD ZCP OID B/E 0.00000000                           | CUSIP: 777849SW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $764134.60    | 0.04%             | 2033-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/40 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 9384292M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8665000 | PA      | $4641565.82   | 0.23%             | 2040-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 10/15/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XCE0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1437203.33   | 0.07%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLEN V/R 01/15/38 | CHARLOTTE-MECKLENBURG NC HOSP REGD V/R B/E 3.90000000                                | CUSIP: 160853MR5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |  19100000 | PA      | $19100000.00  | 0.96%             | 2038-01-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| CENTRL VLY CA ENE V/R 12/01/55 | CENTRL VLY CA ENERGY AUTH COMM REGD V/R B/E 5.00000000                               | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5530586.00   | 0.28%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH  V/R 05/15/61 | COLORADO ST HLTH FACS AUTH REV REGD V/R B/E 3.77000000                               | CUSIP: 19648FVM3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9945219.00   | 0.50%             | 2061-05-15      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH ZCP 01/01/36 | N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AG 0.00000000                         | CUSIP: 66285WCB0<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   5270000 | PA      | $3697968.49   | 0.19%             | 2036-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 02/15/36 | ILLINOIS ST FIN AUTH REVENUE REGD B/E 5.00000000                                     | CUSIP: 45204FP66<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3990000 | PA      | $4074574.43   | 0.21%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH ZCP 01/01/35 | N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AG 0.00000000                         | CUSIP: 66285WCA2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $3557964.81   | 0.18%             | 2035-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY AR HO 5% 03/01/40 | PULASKI CNTY AR HOSP REVENUE REGD B/E 5.00000000                                     | CUSIP: 745392KF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073902.20   | 0.05%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.25% 11/15/36 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.25000000                               | CUSIP: 249182UX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $993258.69    | 0.05%             | 2036-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ F 5.25% 12/01/28 | SALT VERDE AZ FINANCIAL CORP S REGD N/C B/E 5.25000000                               | CUSIP: 79575EAP3<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3983095.78   | 0.20%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST H 5.5% 11/15/52 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 5.50000000                           | CUSIP: 20775HXT5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   6175000 | PA      | $6445639.75   | 0.32%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST 4.25% 01/01/49 | NORTH DAKOTA ST HSG FIN AGY REGD B/E 4.25000000                                      | CUSIP: 658909SW7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    550000 | PA      | $552273.48    | 0.03%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT 5.25% 07/01/48 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT AG 5.25000000                               | CUSIP: 442349GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15015000 | PA      | $15703215.53  | 0.79%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/39 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440DS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $3261763.20   | 0.16%             | 2039-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH F 5% 11/15/39 | COLORADO ST HLTH FACS AUTH REV REGD B/E 5.00000000                                   | CUSIP: 19648FSD7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3362367.44   | 0.17%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AU 4% 04/15/42 | MICHIGAN ST FIN AUTH REVENUE REGD OID B/E 4.00000000                                 | CUSIP: 59447T3V3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4363788.65   | 0.22%             | 2042-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH  4% 11/15/39 | WISCONSIN ST HLTH & EDUCTNL FA REGD B/E 4.00000000                                   | CUSIP: 97712DQR0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6678397.91   | 0.34%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY 5% 11/15/37 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.00000000                               | CUSIP: 249182QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2275184.87   | 0.11%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF NORTH CAR V/R 12/01/41 | UNIV OF NORTH CAROLINA NC AT C REGD V/R B/E 3.89080000                               | CUSIP: 914713U75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  38100000 | PA      | $38207121.96  | 1.93%             | 2041-12-01      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 2.93% 03/01/47 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 2.93000000                           | CUSIP: 60416QGQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    532545 | PA      | $475936.56    | 0.02%             | 2047-03-01      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATUR V/R 04/01/54 | MAIN STREET NATURAL GAS INC GA REGD V/R B/E 5.00000000                               | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8139055.50   | 0.41%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH 5% 11/15/32 | MET TRANSPRTN AUTH NY REVENUE REGD B/E 5.00000000                                    | CUSIP: 59259Y6Q7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5705000 | PA      | $5709003.20   | 0.29%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/39 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429X28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1076447.09   | 0.05%             | 2039-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRI ZCP 11/15/35 | TRIBOROUGH NY BRIDGE & TUNNEL REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 89602HES2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $826373.88    | 0.04%             | 2035-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KILGORE TX INDEP  V/R 02/15/52 | KILGORE TX INDEP SCH DIST REGD V/R B/E PSF-GTD 4.00000000                            | CUSIP: 494053MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006708.20   | 0.05%             | 2052-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/37 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440DQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3530000 | PA      | $2113954.27   | 0.11%             | 2037-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 05/01/38 | NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64972JHQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7235000 | PA      | $8138501.01   | 0.41%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA  4% 01/01/46 | ALLEGHENY CNTY PA ARPT AUTH AR REGD B/E AMT AG 4.00000000                            | CUSIP: 01728LFH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5884767.20   | 0.30%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY  5.25% 01/01/36 | ALLEGHENY CNTY PA ARPT AUTH AR REGD B/E AMT AG 5.25000000                            | CUSIP: 01728LGV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109361.60   | 0.06%             | 2036-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRAN 5% 06/15/43 | NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.00000000                                    | CUSIP: 64613CGE2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3995280.41   | 0.20%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/36 | ANTELOPE VLY CA CMNTY CLG DIST REGD N/C B/E 5.00000000                               | CUSIP: 03667PLG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1135749.90   | 0.06%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY AR HO 5% 03/01/42 | PULASKI CNTY AR HOSP REVENUE REGD B/E 5.00000000                                     | CUSIP: 745392KH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056173.80   | 0.05%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/35 | MET WASHINGTON DC ARPTS AUTH A REGD N/C B/E AMT 5.00000000                           | CUSIP: 592647NS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8250000 | PA      | $9382777.80   | 0.47%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 4% 03/01/50 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 4.00000000                           | CUSIP: 88275FRD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1198341.07   | 0.06%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE 6% 03/01/56 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 6.00000000                              | CUSIP: 6472017A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11063380.00  | 0.56%             | 2056-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRA ZCP 12/15/34 | NEW JERSEY ST TRANSPRTN TRUST REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 646136WR8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $1689311.93   | 0.09%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY A 5% 09/01/35 | SOUTHEAST ENERGY AUTHORITY A C REGD B/E 5.00000000                                   | CUSIP: 84136HCP6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   6725000 | PA      | $7449971.81   | 0.38%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 07/01/55 | NORTH CAROLINA HSG FIN AGY HOM REGD B/E GNMA/FN 6.25000000                           | CUSIP: 65820BBA3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |  12965000 | PA      | $14226761.58  | 0.72%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX EL V/R 02/01/55 | SAN ANTONIO TX ELEC & GAS REVE REGD V/R B/E 3.08000000                               | CUSIP: 79625GNE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7993821.60   | 0.40%             | 2055-02-01      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA C ZCP 08/01/38 | ANTELOPE VLY CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                           | CUSIP: 03667PJM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $575822.30    | 0.03%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/39 | ANTELOPE VLY CA CMNTY CLG DIST REGD B/E 5.00000000                                   | CUSIP: 03667PLK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1661973.90   | 0.08%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM PO 1.8% 04/01/29 | FARMINGTON NM POLL CONTROL REV REGD N/C B/E 1.80000000                               | CUSIP: 311450FZ8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   4395000 | PA      | $4145586.39   | 0.21%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY  V/R 06/15/53 | NEW YORK CITY NY MUNI WTR FIN REGD V/R B/E 3.90000000                                | CUSIP: 64972GC85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20000000.00  | 1.01%             | 2053-06-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA  5% 07/01/34 | SAN DIEGO CNTY CA REGL ARPT AU REGD N/C B/E AMT 5.00000000                           | CUSIP: 79739GSR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2292127.40   | 0.12%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST  6% 01/01/54 | SOUTH CAROLINA ST HSG FIN & DE REGD B/E 6.00000000                                   | CUSIP: 83712D4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6590000 | PA      | $7209940.41   | 0.36%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 01/15/39 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHA3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1207881.68   | 0.06%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREGORY-PORTLAND T 5% 02/15/34 | GREGORY-PORTLAND TX INDEP SCHD REGD N/C B/E PSF-GTD 5.00000000                       | CUSIP: 397586TM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4640000 | PA      | $5395199.90   | 0.27%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH ZCP 01/01/32 | N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AG 0.00000000                         | CUSIP: 66285WBX3<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6603595.20   | 0.33%             | 2032-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN A V/R 04/15/47 | MICHIGAN ST FIN AUTH REVENUE REGD V/R B/E 3.97000000                                 | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  15675000 | PA      | $15627681.88  | 0.79%             | 2047-04-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/37 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429W86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $5694275.70   | 0.29%             | 2037-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX IND V/R 08/01/49 | NORTH EAST TX INDEP SCH DIST REGD V/R B/E PSF-GTD 3.75000000                         | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4790000 | PA      | $4845924.21   | 0.24%             | 2049-08-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/35 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1548233.94   | 0.08%             | 2035-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT RE 5% 07/01/38 | ATLANTA GA ARPT REVENUE REGD B/E AMT 5.00000000                                      | CUSIP: 04780ME96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3242829.00   | 0.16%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SC 5% 09/01/34 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.00000000                                  | CUSIP: 717883VB5<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2910000 | PA      | $3046021.84   | 0.15%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 01/15/38 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XGZ9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1092872.52   | 0.06%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG 6% 11/15/54 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E 6.00000000                                   | CUSIP: 20775HQ71<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2367511.15   | 0.12%             | 2054-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/32 | MIAMI-DADE CNTY FL AVIATION RE REGD N/C B/E AMT 5.00000000                           | CUSIP: 59333P7J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3643024.85   | 0.18%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT 5% 11/01/30 | LOVE FIELD TX ARPT MODERNIZATI REGD N/C B/E AMT 5.00000000                           | CUSIP: 54714CBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2704173.50   | 0.14%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 09/15/32 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358WS54<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1818635.88   | 0.09%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/43 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 9384292Q9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3630000 | PA      | $1591677.32   | 0.08%             | 2043-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT O 2.15% 07/01/37 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA 2.15000000                              | CUSIP: 882750RQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3860000 | PA      | $3151464.19   | 0.16%             | 2037-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CLACKAM ZCP 06/15/32 | MULTNOMAH CLACKAMAS CNTYS OR S REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625482HN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1131555.66   | 0.06%             | 2032-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN IN ZCP 02/01/39 | SAINT CLOUD MN INDEP SCH DIST# REGD ZCP OID B/E SD CRED 0.00000000                   | CUSIP: 789177TF9<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $2152959.00   | 0.11%             | 2039-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LANE & DOUGLAS CNT 0% 06/15/37 | LANE & DOUGLAS CNTYS OR SCH DI REGD OID B/E SCH BD 5.00000000                        | CUSIP: 515160EJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1231776.28   | 0.06%             | 2037-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DE V/R 06/01/34 | MOBILE AL INDL DEV BRD POLL CO REGD V/R B/E 3.92000000                               | CUSIP: 607167DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3609278.64   | 0.18%             | 2034-06-01      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN V/R 01/25/43 | FEDERAL HOME LOAN MTGE CORP MF REGD N/C V/R B/E 4.86900000                           | CUSIP: 31350ADW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4985985 | PA      | $5128284.51   | 0.26%             | 2043-01-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE T 5.25% 07/01/35 | MET NASHVILLE TN ARPT AUTH ARP REGD B/E AMT 5.25000000                               | CUSIP: 592190QQ8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1252405.24   | 0.06%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN IN ZCP 02/01/38 | SAINT CLOUD MN INDEP SCH DIST# REGD ZCP OID B/E SD CRED 0.00000000                   | CUSIP: 789177TE2<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2041425.35   | 0.10%             | 2038-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRI V/R 04/01/26 | TRIBOROUGH NY BRIDGE & TUNNEL REGD V/R B/E 3.91090000                                | CUSIP: 89602HEW3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2749820.98   | 0.14%             | 2026-04-01      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR  V/R 01/01/40 | KING CNTY WA SWR REVENUE REGD V/R B/E 3.45000000                                     | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3025976.89   | 0.15%             | 2040-01-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 09/15/27 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 3.75060000                                | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |  17790000 | PA      | $17856319.34  | 0.90%             | 2027-09-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN  V/R 10/01/54 | TENNERGY CORP TN GAS REVENUE REGD V/R B/E 5.00000000                                 | CUSIP: 880397CJ1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4001087.63   | 0.20%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO C 5.25% 05/01/41 | SAN FRANCISCO CALIF CITY &CNTY REGD B/E AMT 5.25000000                               | CUSIP: 79766DWT2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $2006432.70   | 0.10%             | 2041-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/38 | LINCOLN CNTY OR SCH DIST REGD B/E SCH BD 0.00000000                                  | CUSIP: 533404DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1443249.77   | 0.07%             | 2038-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA C ZCP 08/01/34 | ANTELOPE VLY CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                           | CUSIP: 03667PJH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $736893.50    | 0.04%             | 2034-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/31 | LINCOLN CNTY OR SCH DIST REGD N/C B/E SCH BD 0.00000000                              | CUSIP: 533404CW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $800913.89    | 0.04%             | 2031-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/53 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E FNMA/GN 6.25000000                           | CUSIP: 45203MSE2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4878922.45   | 0.25%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY 3.5% 12/01/34 | WYOMING ST CMNTY DEV AUTH HSG REGD B/E 3.50000000                                    | CUSIP: 98322QHU4<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2255641.12   | 0.11%             | 2034-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRI ZCP 11/15/36 | TRIBOROUGH NY BRIDGE & TUNNEL REGD N/C ZCP OID B/E 0.00000000                        | CUSIP: 89602HET0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $4385496.05   | 0.22%             | 2036-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 4% 08/15/36 | ILLINOIS ST FIN AUTH REVENUE REGD B/E 4.00000000                                     | CUSIP: 45204FBA2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3497345.34   | 0.18%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST 6.25% 05/01/56 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E GNMA/FN 6.25000000                             | CUSIP: 83756LDX0<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3711851.98   | 0.19%             | 2056-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY  V/R 02/01/52 | CALIFORNIA CMNTY CHOICE FING A REGD V/R B/E 3.67000000                               | CUSIP: 13013JAR7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  28175000 | PA      | $26540416.11  | 1.34%             | 2052-02-01      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST INV 6.25% 09/01/55 | NEBRASKA ST INVESTMENT FIN AUT REGD B/E GNMA/FN 6.25000000                           | CUSIP: 63968XDX0<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2234489.80   | 0.11%             | 2055-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SY 5% 07/01/36 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT AG 5.00000000                               | CUSIP: 442349GM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3688822.50   | 0.19%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/32 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392275AY9<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $2129194.56   | 0.11%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST  4.5% 11/01/48 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 4.50000000                                     | CUSIP: 83756CWQ4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    920000 | PA      | $927098.72    | 0.05%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/38 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHY1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1895769.58   | 0.10%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SC 5% 09/01/29 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.00000000                                  | CUSIP: 717883TE2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5067957.00   | 0.26%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/41 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 9384292N6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7710000 | PA      | $3865881.89   | 0.19%             | 2041-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/39 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583KP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1036225.80   | 0.05%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF  5% 12/01/52 | MONTANA ST BRD OF HSG SF MTGE REGD B/E 5.00000000                                    | CUSIP: 61212WRS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1289860.25   | 0.06%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG 5.75% 05/01/53 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 5.75000000                           | CUSIP: 60637B2T6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   8525000 | PA      | $9039526.38   | 0.46%             | 2053-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRAN 5% 06/15/42 | NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.00000000                                    | CUSIP: 64613CEX2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7605558.10   | 0.38%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG 5.75% 05/01/56 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 5.75000000                           | CUSIP: 60637GJK6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5445486.00   | 0.27%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 08/01/35 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389U97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1558283.18   | 0.08%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 5.35% 07/01/36 | MINNESOTA ST HSG FIN AGY REGD B/E AMT GNMA/FN 5.35000000                             | CUSIP: 60416TXU7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1035592.07   | 0.05%             | 2036-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/55 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MB83<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4210000 | PA      | $4619719.73   | 0.23%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CEDAR HILL TX INDE 5% 02/15/37 | CEDAR HILL TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000                             | CUSIP: 1504293T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $3053080.34   | 0.15%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/33 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440EV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1041103.88   | 0.05%             | 2033-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 3.15% 06/01/49 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 3.15000000                           | CUSIP: 60416QHN7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    523337 | PA      | $478419.68    | 0.02%             | 2049-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHU9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3114492.64   | 0.16%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH W V/R 10/01/46 | PUBLIC FIN AUTH WI POLL CONTRO REGD V/R B/E 3.70000000                               | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6280000 | PA      | $6412386.80   | 0.32%             | 2046-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN 6.25% 03/01/55 | OHIO ST HSG FIN AGY RSDL MTGE REGD B/E GNMA/FN 6.25000000                            | CUSIP: 67756Q8B6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   6335000 | PA      | $6945946.13   | 0.35%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV  4% 01/01/43 | TENNESSEE HSG DEV AGY RSDL FIN REGD B/E 4.00000000                                   | CUSIP: 880461TK4<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    645000 | PA      | $645784.26    | 0.03%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST 4.25% 07/01/49 | NORTH DAKOTA ST HSG FIN AGY REGD B/E 4.25000000                                      | CUSIP: 658909TX4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1643725.50   | 0.08%             | 2049-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH  4% 11/15/43 | WISCONSIN ST HLTH & EDUCTNL FA REGD B/E 4.00000000                                   | CUSIP: 97712JPP2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   9715000 | PA      | $9245157.34   | 0.47%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 04/01/37 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389H76<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   6285000 | PA      | $6569496.81   | 0.33%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY  V/R 08/01/39 | NEW YORK CITY NY TRANSITIONAL REGD V/R B/E 3.90000000                                | CUSIP: 64971XKU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20000000.00  | 1.01%             | 2039-08-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC H ZCP 09/01/37 | E-470 CO PUBLIC HIGHWAY AUTH REGD ZCP OID B/E NATL 0.00000000                        | CUSIP: 26822LGT5<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   5025000 | PA      | $2802907.82   | 0.14%             | 2037-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/38 | OREGON COAST OR CMNTY CLG DIST REGD OID B/E SCH BD 5.00000000                        | CUSIP: 68583NCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $579862.35    | 0.03%             | 2038-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO C 5.25% 05/01/40 | SAN FRANCISCO CALIF CITY &CNTY REGD B/E AMT 5.25000000                               | CUSIP: 79766DWS4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   9655000 | PA      | $10598697.08  | 0.53%             | 2040-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST T V/R 12/01/45 | PENNSYLVANIA ST TURNPIKE COMMI REGD V/R B/E 5.00000000                               | CUSIP: 709225RH1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3969777.70   | 0.20%             | 2045-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST  3.5% 11/01/46 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 3.50000000                                     | CUSIP: 83756CPQ2<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    480000 | PA      | $479043.60    | 0.02%             | 2046-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST  4.25% 05/15/42 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 4.25000000                           | CUSIP: 20775CN34<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1080611.61   | 0.05%             | 2042-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FRETE 2024-ML23  V/R 04/25/42  | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML23 CL AUS V/R 144A P/P 4.56343100 | CUSIP: 3137HDJL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2987214 | PA      | $3036447.66   | 0.15%             | 2042-04-25      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST T 5.25% 06/15/41 | NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.25000000                                    | CUSIP: 64613CEV6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  13760000 | PA      | $15419248.22  | 0.78%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST 6.25% 05/01/55 | SOUTH DAKOTA ST HSG DEV AUTH REGD OID B/E GNMA/FN 6.25000000                         | CUSIP: 83756LAC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5982975.35   | 0.30%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDE V/R 08/01/55 | FORT BEND TX INDEP SCH DIST REGD V/R B/E PSF-GTD 3.80000000                          | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5102907.50   | 0.26%             | 2055-08-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| ENERGY S E AL A CO 5% 09/01/33 | ENERGY S E AL A COOPERATIVE DI REGD B/E 5.00000000                                   | CUSIP: 292723CN1<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |  16500000 | PA      | $17147976.45  | 0.86%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST 5% 08/01/36           | TEXAS ST REGD B/E AMT 5.00000000                                                     | CUSIP: 8827243A3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2715000 | PA      | $3039934.73   | 0.15%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL  5.25% 10/01/44 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.25000000                               | CUSIP: 392275FG3<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4665000 | PA      | $4991834.57   | 0.25%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY  5.25% 01/01/37 | ALLEGHENY CNTY PA ARPT AUTH AR REGD B/E AMT AG 5.25000000                            | CUSIP: 01728LGW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101651.00   | 0.06%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC H ZCP 09/01/35 | E-470 CO PUBLIC HIGHWAY AUTH REGD ZCP OID B/E NATL 0.00000000                        | CUSIP: 26822LGS7<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $2350472.14   | 0.12%             | 2035-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA C ZCP 08/01/36 | ANTELOPE VLY CA CMNTY CLG DIST REGD ZCP OID B/E 0.00000000                           | CUSIP: 03667PJK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $652686.60    | 0.03%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR ZCP 06/15/34 | CLACKAMAS CNTY OR SCH DIST #12 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 179093HJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2260081.85   | 0.11%             | 2034-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRAN 5% 06/15/38 | NEW JERSEY ST TRANSPRTN TRUST REGD B/E 5.00000000                                    | CUSIP: 64613CEQ7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5135000 | PA      | $5797820.67   | 0.29%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/37 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHX3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4595000 | PA      | $5009328.85   | 0.25%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/26 | MULTNOMAH CNTY OR SCH DIST #40 REGD N/C ZCP OID B/E SCH BD 0.00000000                | CUSIP: 625693GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2536291.88   | 0.13%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DESOTO TX INDEP SC 5% 08/15/34 | DESOTO TX INDEP SCH DIST REGD N/C B/E PSF-GTD 5.00000000                             | CUSIP: 241722GR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4827625.28   | 0.24%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC STRUCTURED  V/R 10/25/40 | FHLMC STRUCTURED PASS THROUGH REGD N/C V/R B/E 4.68400000                            | CUSIP: 3137HCXR8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4797861 | PA      | $4938981.84   | 0.25%             | 2040-10-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 2.47% 01/01/50 | MINNESOTA ST HSG FIN AGY HOMEO REGD B/E GNMA/FN 2.47000000                           | CUSIP: 60416QHT4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2598365 | PA      | $2167155.27   | 0.11%             | 2050-01-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE 4% 01/01/49 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 4.00000000                              | CUSIP: 647201BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $546194.42    | 0.03%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUT V/R 11/15/45 | MET TRANSPRTN AUTH NY REVENUE REGD V/R B/E 5.00000000                                | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   8225000 | PA      | $8909956.62   | 0.45%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH F 4% 11/15/43 | COLORADO ST HLTH FACS AUTH REV REGD B/E 4.00000000                                   | CUSIP: 19648FJE5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2214821.92   | 0.11%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 07/01/39 | LOS ANGELES CA DEPT OF WTR & P REGD B/E BAM 5.00000000                               | CUSIP: 544532PL2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $842275.43    | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/36 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 3922742A3<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5281617.70   | 0.27%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY PA GE V/R 10/01/34 | BUTLER CNTY PA GEN AUTH REVENU REGD V/R B/E AG 3.54540000                            | CUSIP: 123574AG0<br>LEI: 549300TSJ3NDU9FG0667 | Long             | DBT              | MUN               | US        |   5860000 | PA      | $5672053.39   | 0.29%             | 2034-10-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH 3.5% 01/01/49 | IOWA ST FIN AUTH SF MTGE REVEN REGD B/E GNMA/FN 3.50000000                           | CUSIP: 462467YJ4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    605000 | PA      | $601646.24    | 0.03%             | 2049-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA  5% 01/01/35 | ALLEGHENY CNTY PA ARPT AUTH AR REGD B/E AMT AG 5.00000000                            | CUSIP: 01728LGU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2177399.86   | 0.11%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG  6.25% 01/01/55 | FLORIDA ST HSG FIN CORP REVENU REGD B/E GNMA/FN 6.25000000                           | CUSIP: 34074M7G0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   4465000 | PA      | $4898325.57   | 0.25%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/30 | LINCOLN CNTY OR SCH DIST REGD N/C B/E SCH BD 0.00000000                              | CUSIP: 533404CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $794462.18    | 0.04%             | 2030-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.25% 11/15/34 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.25000000                               | CUSIP: 249182UV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3734125.20   | 0.19%             | 2034-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/37 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124806.70   | 0.06%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OREGON COAST OR CM 0% 06/15/33 | OREGON COAST OR CMNTY CLG DIST REGD N/C OID B/E SCH BD 5.00000000                    | CUSIP: 68583NCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $346981.29    | 0.02%             | 2033-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| S MIAMI FL HLTH FA 5% 08/15/42 | S MIAMI FL HLTH FACS AUTH REGD B/E 5.00000000                                        | CUSIP: 838810ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20750000 | PA      | $21077416.33  | 1.06%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AU 5% 07/01/30 | ILLINOIS ST FIN AUTH REVENUE REGD N/C B/E 5.00000000                                 | CUSIP: 45204FG90<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106337.40   | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZ INDL DEV AUT 6.25% 10/01/55 | AZ INDL DEV AUTH SF MTGE REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 04052JDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $3000459.78   | 0.15%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 11/01/28 | NEW YORK CITY NY TRANSITIONAL REGD N/C B/E 5.00000000                                | CUSIP: 64972JPV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2140771.60   | 0.11%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/34 | MULTNOMAH CNTY OR SCH DIST #40 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625693HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1120865.18   | 0.06%             | 2034-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 04/01/39 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389H92<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3515408.14   | 0.18%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 01/01/56 | NORTH CAROLINA HSG FIN AGY HOM REGD B/E GNMA/FN 6.25000000                           | CUSIP: 65820BBF2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7315766.90   | 0.37%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LAKE TAHOE CA UNIF 0% 08/01/45 | LAKE TAHOE CA UNIF SCH DIST REGD N/C OID B/Q B/E AGM 0.00000000                      | CUSIP: 511012LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6150000 | PA      | $5283918.87   | 0.27%             | 2045-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALI 5% 05/01/37 | SAN FRANCISCO CALIF CITY &CNTY REGD B/E AMT 5.00000000                               | CUSIP: 79766DWP0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4725000 | PA      | $5244524.15   | 0.26%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DESOTO TX INDEP SC 5% 08/15/36 | DESOTO TX INDEP SCH DIST REGD B/E PSF-GTD 5.00000000                                 | CUSIP: 241722GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6230000 | PA      | $7084841.35   | 0.36%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/41 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2517370.06   | 0.13%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA S 5.5% 01/01/54 | NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 5.50000000                            | CUSIP: 658207X42<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   5560000 | PA      | $5945036.12   | 0.30%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUT 6.25% 07/01/53 | IOWA ST FIN AUTH SF MTGE REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 4624677K1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4877741.50   | 0.25%             | 2053-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBL V/R 02/15/36 | LOUISIANA ST PUBLIC FACS AUTH REGD V/R B/E NATL 3.69690000                           | CUSIP: 546398ST6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4890000 | PA      | $4786099.24   | 0.24%             | 2036-02-15      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 11/01/32 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358W3R3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1847982.37   | 0.09%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT  2.835% 09/01/47 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA\FN 2.83500000                           | CUSIP: 88275FNY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7813983 | PA      | $6908668.55   | 0.35%             | 2047-09-01      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 07/01/37 | LOS ANGELES CA DEPT OF WTR & P REGD B/E 5.00000000                                   | CUSIP: 544532CH5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1351144.75   | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO VLY CA UNIF ZCP 08/01/38 | CHINO VLY CA UNIF SCH DIST REGD ZCP OID B/E 0.00000000                               | CUSIP: 169583KN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $747351.55    | 0.04%             | 2038-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN V/R 11/25/42 | FEDERAL HOME LOAN MTGE CORP MF REGD N/C V/R B/E 4.09500000                           | CUSIP: 31350ADR6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4977992 | PA      | $4914915.57   | 0.25%             | 2042-11-25      | Variable      | 4.09%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR ZCP 06/15/36 | CLACKAMAS CNTY OR SCH DIST #12 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 179093HL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4645000 | PA      | $2905018.30   | 0.15%             | 2036-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV B 4% 10/15/43 | TEXAS ST WTR DEV BRD REGD B/E 4.00000000                                             | CUSIP: 882854Q54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12115000 | PA      | $11709959.21  | 0.59%             | 2043-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC  V/R 01/01/52 | OHIO ST HOSP FAC REVENUE REGD V/R B/E 3.90000000                                     | CUSIP: 677561LD2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  23100000 | PA      | $23100000.00  | 1.16%             | 2052-01-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/42 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 9384292P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $2228708.55   | 0.11%             | 2042-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUT ZCP 11/15/32 | MET TRANSPRTN AUTH NY DEDICATE REGD N/C ZCP OID B/E 0.00000000                       | CUSIP: 59259NS95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2098051.37   | 0.11%             | 2032-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SY 5% 07/01/31 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 5.00000000                                  | CUSIP: 442349DT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2166659.00   | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 07/01/40 | LOS ANGELES CA DEPT OF WTR & P REGD B/E BAM 5.00000000                               | CUSIP: 544532PM0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111861.40   | 0.06%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POLK CNTY IA 5% 06/01/43       | POLK CNTY IA REGD B/E AMT 5.00000000                                                 | CUSIP: 7311972L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083442.20   | 0.10%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH  V/R 12/01/46 | FRANKLIN CNTY OH REVENUE REGD V/R B/E 3.00000000                                     | CUSIP: 353202FK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.50%             | 2046-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TU 0% 12/01/37 | PENNSYLVANIA ST TURNPIKE COMMI REGD OID B/E 0.00000000                               | CUSIP: 709224AX7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   7875000 | PA      | $7964687.59   | 0.40%             | 2037-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA CMNT 0% 08/01/49 | LONG BEACH CA CMNTY CLG DIST REGD OID B/E 0.00000000                                 | CUSIP: 542411GJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $3849638.10   | 0.19%             | 2049-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST HSG FI 6% 03/01/54 | OKLAHOMA ST HSG FIN AGY SF MTG REGD B/E GNMA/FN 6.00000000                           | CUSIP: 67886MA25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2977926.84   | 0.15%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA  5.25% 05/15/42 | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.25000000                               | CUSIP: 5444452X6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16403422.50  | 0.83%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SC 5% 09/01/37 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.00000000                                  | CUSIP: 717883TN2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1828263.11   | 0.09%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/39 | LINCOLN CNTY OR SCH DIST REGD B/E SCH BD 0.00000000                                  | CUSIP: 533404DE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060460.30   | 0.05%             | 2039-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST  2.05% 11/15/30 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E AMT 2.05000000                               | CUSIP: 20775HBR3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    450000 | PA      | $412507.58    | 0.02%             | 2030-11-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 12/15/26 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 3.58060000                                | CUSIP: 88256CAW9<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   6260000 | PA      | $6270724.01   | 0.32%             | 2026-12-15      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA  6.25% 01/01/55 | NORTH CAROLINA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                            | CUSIP: 6582077Q2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   4940000 | PA      | $5505317.79   | 0.28%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN A V/R 08/15/57 | ILLINOIS ST FIN AUTH REVENUE REGD V/R B/E 3.60000000                                 | CUSIP: 45204FQD0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  24200000 | PA      | $24200000.00  | 1.22%             | 2057-08-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/43 | MULTNOMAH CNTY OR SCH DIST #40 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625693JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21050000 | PA      | $9056585.68   | 0.46%             | 2043-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 09/15/27 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 3.77000000                                | CUSIP: 88255QAE9<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1641009.89   | 0.08%             | 2027-09-15      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG 4.75% 11/01/52 | MISSOURI ST HSG DEV COMMISSION REGD B/E GNMA/FN 4.75000000                           | CUSIP: 60637BV31<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2348115.00   | 0.12%             | 2052-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG 6.25% 10/01/55 | ILLINOIS ST HSG DEV AUTH REVEN REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45203MS36<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9057578.40   | 0.46%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG 6.5% 07/01/54 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.50000000                                 | CUSIP: 60416UBB0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   4830000 | PA      | $5296421.03   | 0.27%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 4% 01/01/39 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 4.00000000                           | CUSIP: 882750XT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4108344.32   | 0.21%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 4% 11/01/49 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 4.00000000                                     | CUSIP: 83756CZA6<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1607958.56   | 0.08%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY C V/R 06/01/34 | SACRAMENTO CNTY CA WTR FING AU REGD V/R B/E NATL 3.52000000                          | CUSIP: 78615RCU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2061693.33   | 0.10%             | 2034-06-01      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM A 4% 07/01/38 | NEW YORK ST DORM AUTH REVENUES REGD OID B/E 4.00000000                               | CUSIP: 65000BF52<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2650492.22   | 0.13%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 12/01/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XKB7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $4358511.41   | 0.22%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TRUNK  4% 11/15/44 | MICHIGAN ST TRUNK LINE REGD B/E 4.00000000                                           | CUSIP: 5946952Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7015000 | PA      | $6748686.05   | 0.34%             | 2044-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOL 4% 08/15/45 | HARRIS CNTY TX TOLL ROAD REVEN REGD B/E 4.00000000                                   | CUSIP: 41423PCA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $3813835.22   | 0.19%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 09/15/34 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358WS70<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5176082.50   | 0.26%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDINA VLY TX IND V/R 02/15/51 | MEDINA VLY TX INDEP SCH DIST REGD V/R B/E PSF-GTD 0.82000000                         | CUSIP: 584887SX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4221318.77   | 0.21%             | 2051-02-15      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WT V/R 03/01/36 | WASHOE CNTY NV WTR FAC REVENUE REGD V/R B/E AMT 4.12500000                           | CUSIP: 940865BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7575000 | PA      | $7725827.34   | 0.39%             | 2036-03-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| MOUNT SAN ANTONIO  0% 08/01/43 | MOUNT SAN ANTONIO CA CMNTY CLG REGD OID B/E 0.00000000                               | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7766032.89   | 0.39%             | 2043-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS V/R 01/01/55 | TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 5.00000000                                | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |  19275000 | PA      | $21215315.95  | 1.07%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH ZCP 01/01/38 | N TX TOLLWAY AUTH REVENUE REGD N/C ZCP OID B/E AG 0.00000000                         | CUSIP: 66285WCD6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  10990000 | PA      | $6990045.53   | 0.35%             | 2038-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS 5% 11/15/36 | AUSTIN TX ARPT SYS REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 052398HM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1966969.44   | 0.10%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/34 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429T31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2368126.73   | 0.12%             | 2034-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/37 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647LV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2263387.60   | 0.11%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/33 | LINCOLN CNTY OR SCH DIST REGD N/C B/E SCH BD 0.00000000                              | CUSIP: 533404CY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098427.00   | 0.06%             | 2033-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR ZCP 06/15/38 | MULTNOMAH CNTY OR SCH DIST #40 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625693JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1318580.55   | 0.07%             | 2038-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH  4% 11/15/43 | WISCONSIN ST HLTH & EDUCTNL FA REGD B/E 4.00000000                                   | CUSIP: 97712JMB6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   6215000 | PA      | $5904472.50   | 0.30%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEP 5% 05/15/36 | LOS ANGELES CA DEPT OF ARPTS A REGD B/E AMT 5.00000000                               | CUSIP: 544445FY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1992144.81   | 0.10%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY  V/R 10/01/55 | SOUTHEAST ENERGY AUTHORITY A C REGD V/R B/E 5.00000000                               | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  11025000 | PA      | $11974272.35  | 0.60%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN IN ZCP 02/01/40 | SAINT CLOUD MN INDEP SCH DIST# REGD ZCP OID B/E SD CRED 0.00000000                   | CUSIP: 789177TG7<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $2008149.75   | 0.10%             | 2040-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HS 6.25% 09/01/55 | WISCONSIN ST HSG & ECON DEV AU REGD B/E GNMA/FN 6.25000000                           | CUSIP: 97689QXG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5569389.50   | 0.28%             | 2055-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHAFFEY CA JT UNI ZCP 08/01/39 | CHAFFEY CA JT UNION HIGH SCH D REGD ZCP OID B/E 0.00000000                           | CUSIP: 157411VU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $568060.80    | 0.03%             | 2039-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FAC V/R 12/01/48 | IDAHO ST HLTH FACS AUTH HOSP R REGD V/R B/E 3.00000000                               | CUSIP: 45129UCB8<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.25%             | 2048-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/44 | WASHINGTON CNTY OR SCH DIST #1 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938350FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5885000 | PA      | $2458978.40   | 0.12%             | 2044-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG 6.5% 01/01/55 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.50000000                                 | CUSIP: 60416UFQ3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3860858.42   | 0.19%             | 2055-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/40 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440FC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $2499012.00   | 0.13%             | 2040-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC  5% 10/01/40 | MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 592647MY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1725222.55   | 0.09%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUN V/R 10/01/41 | CALIFORNIA ST MUNI FIN AUTH MF REGD V/R B/E AMT 3.45000000                           | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10021405.00  | 0.50%             | 2041-10-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TX CO V/R 02/15/35 | GOOSE CREEK TX CONSOL INDEP SC REGD V/R B/E PSF-GTD 0.60000000                       | CUSIP: 3826043G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1716677.73   | 0.09%             | 2035-02-15      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| FRETE 2024-ML26  V/R 12/25/38  | FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML26 CL A V/R 3.15728700            | CUSIP: 3137HH6N6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6938168 | PA      | $6165282.02   | 0.31%             | 2038-12-25      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/35 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358W5L4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1592459.25   | 0.08%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDE V/R 08/01/54 | FORT BEND TX INDEP SCH DIST REGD V/R B/E PSF-GTD 4.00000000                          | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3940432.09   | 0.20%             | 2054-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG F V/R 11/01/50 | NEW YORK ST HSG FIN AGY AFFORD REGD V/R B/E FNMA CO 3.95000000                       | CUSIP: 64987JY96<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7627574.25   | 0.38%             | 2050-11-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SY 4% 07/01/38 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 4.00000000                                  | CUSIP: 442349FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2596428.98   | 0.13%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VLY CA CM 5% 08/01/33 | ANTELOPE VLY CA CMNTY CLG DIST REGD N/C B/E 5.00000000                               | CUSIP: 03667PLD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1253380.24   | 0.06%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY M 4% 06/15/45 | NEW YORK CITY NY MUNI WTR FIN REGD B/E 4.00000000                                    | CUSIP: 64972GA87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $4890754.14   | 0.25%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF H 6% 03/01/54 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 6.00000000                           | CUSIP: 88275FYZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3690000 | PA      | $4051633.28   | 0.20%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT O 6.25% 01/01/56 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA CO 6.25000000                           | CUSIP: 882750P55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3364622.70   | 0.17%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CA UNION 0% 09/01/41 | SAN MATEO CA UNION HIGH SCH DI REGD OID B/E 0.00000000                               | CUSIP: 799017GU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3535000 | PA      | $3813018.21   | 0.19%             | 2041-09-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST TURNPIKE  ZCP 02/15/38 | OHIO ST TURNPIKE COMMISSION REGD N/C ZCP OID B/E 0.00000000                          | CUSIP: 67760HKH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1082647.94   | 0.05%             | 2038-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MARION & POLK CNT ZCP 06/15/35 | MARION & POLK CNTYS OR SCH DIS REGD ZCP OID B/E 0.00000000                           | CUSIP: 569203QA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $729550.03    | 0.04%             | 2035-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & C 5.25% 11/15/35 | DENVER CITY & CNTY CO ARPT REV REGD B/E AMT 5.25000000                               | CUSIP: 249182UW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2262018.40   | 0.11%             | 2035-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WYOMING ST CMNTY D 4% 12/01/48 | WYOMING ST CMNTY DEV AUTH HSG REGD B/E 4.00000000                                    | CUSIP: 98322QSY4<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    910000 | PA      | $912311.86    | 0.05%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG F 5.5% 01/01/54 | FLORIDA ST HSG FIN CORP REVENU REGD B/E GNMA/FN 5.50000000                           | CUSIP: 34074MD99<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2635196.81   | 0.13%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS & WASHI ZCP 06/15/36 | CLACKAMAS & WASHINGTON CNTYS O REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 178882PZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $2042096.81   | 0.10%             | 2036-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLI V/R 08/01/52 | KENTUCKY ST PUBLIC ENERGY AUTH REGD V/R B/E 4.06090000                               | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  12560000 | PA      | $12650261.18  | 0.64%             | 2052-08-01      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY 1.35% 11/01/27 | TRIMBLE CNTY KY POLL CONTROL R REGD N/C B/E AMT 1.35000000                           | CUSIP: 896224BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4781064.00   | 0.24%             | 2027-11-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WT V/R 03/01/36 | WASHOE CNTY NV WTR FAC REVENUE REGD V/R B/E AMT 4.12500000                           | CUSIP: 940865BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6435000 | PA      | $6563128.57   | 0.33%             | 2036-03-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY E V/R 06/01/54 | TRIMBLE CNTY KY ENVRNMNTL FACS REGD V/R B/E AMT 4.70000000                           | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3752360.87   | 0.19%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| GERALD R FORD INTE 5% 01/01/46 | GERALD R FORD INTERNATIONAL AR REGD B/E AMT CNTY GT 5.00000000                       | CUSIP: 373695AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5481644.75   | 0.28%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG F 5% 07/01/53 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 5.00000000                                 | CUSIP: 60416TVY1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2655000.72   | 0.13%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CLACKA ZCP 06/15/31 | WASHINGTON CLACKAMAS & YAMHILL REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 937440ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1230815.85   | 0.06%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY O ZCP 06/15/31 | WASHINGTON CNTY OR SCH DIST #4 REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 938429S81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3040044.75   | 0.15%             | 2031-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWA 5% 03/15/42 | NEW YORK ST THRUWAY AUTH PERSO REGD B/E 5.00000000                                   | CUSIP: 650028YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4345992.39   | 0.22%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH S 5% 01/01/44 | IOWA ST FIN AUTH SF MTGE REVEN REGD B/E GNMA/FN 5.00000000                           | CUSIP: 46247EBP9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1401625.89   | 0.07%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG &  6.25% 01/01/56 | IDAHO ST HSG & FIN ASSN SF MTG REGD B/E GNMA/FN 6.25000000                           | CUSIP: 45130BCH4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6805492.80   | 0.34%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 5% 04/01/34 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 5.00000000                                   | CUSIP: 735389H43<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   6955000 | PA      | $7350059.30   | 0.37%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SC 5% 09/01/34 | PHILADELPHIA PA SCH DIST REGD B/E ST AID 5.00000000                                  | CUSIP: 717883TK8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2525186.25   | 0.13%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/38 | MIAMI-DADE CNTY FL AVIATION RE REGD B/E AMT 5.00000000                               | CUSIP: 59333PR75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2538413.12   | 0.13%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SC 0% 06/15/34 | LINCOLN CNTY OR SCH DIST REGD N/C B/E SCH BD 0.00000000                              | CUSIP: 533404CZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2148474.42   | 0.11%             | 2034-06-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/37 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 392274X27<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   6560000 | PA      | $6710807.18   | 0.34%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & 6% 03/01/55 | WISCONSIN ST HSG & ECON DEV AU REGD B/E GNMA/FN 6.00000000                           | CUSIP: 97689QWD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4918169.25   | 0.25%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| POLK CNTY IA 5% 06/01/40       | POLK CNTY IA REGD B/E AMT 5.00000000                                                 | CUSIP: 7311972H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5545000 | PA      | $5867083.54   | 0.30%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST  6.25% 05/15/54 | CONNECTICUT ST HSG FIN AUTH HS REGD B/E GNMA/FN 6.25000000                           | CUSIP: 20775HH48<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3543962.00   | 0.18%             | 2054-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST  4% 07/01/47 | NORTH CAROLINA ST HSG FIN AGY REGD B/E 4.00000000                                    | CUSIP: 658207TZ8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700755.02    | 0.04%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 08/01/36 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XFJ6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1513723.01   | 0.08%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA A V/R 07/01/54 | PHILADELPHIA PA AUTH FOR INDL REGD V/R B/E 3.85000000                                | CUSIP: 717901CE0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20000000.00  | 1.01%             | 2054-07-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVI 5% 10/01/38 | GTR ORLANDO FL AVIATION AUTH A REGD B/E AMT 5.00000000                               | CUSIP: 3922742C9<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3594299.36   | 0.18%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 6.25% 07/01/54 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                                 | CUSIP: 60416T6P8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $6390117.72   | 0.32%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CN 4% 10/01/30 | HONOLULU CITY & CNTY HI REGD B/E 4.00000000                                          | CUSIP: 4386703Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016060.40   | 0.10%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT 5% 11/01/34 | LOVE FIELD TX ARPT MODERNIZATI REGD B/E AMT 5.00000000                               | CUSIP: 54714CBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518899.40   | 0.08%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SY 4% 07/01/40 | HOUSTON TX ARPT SYS REVENUE REGD B/E AMT 4.00000000                                  | CUSIP: 442349FV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965694.50    | 0.05%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA 4% 08/01/36 | PORT OF SEATTLE WA REVENUE REGD B/E AMT 4.00000000                                   | CUSIP: 735389Q43<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3544374.05   | 0.18%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA  5.75% 01/01/54 | SOUTH CAROLINA ST HSG FIN & DE REGD B/E 5.75000000                                   | CUSIP: 83712D2X3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4111324.88   | 0.21%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXAS ST 5% 08/01/40           | TEXAS ST REGD B/E AMT 5.00000000                                                     | CUSIP: 882724Y76<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5745000 | PA      | $6122343.09   | 0.31%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HS 5% 05/01/53 | SOUTH DAKOTA ST HSG DEV AUTH REGD B/E 5.00000000                                     | CUSIP: 83756CW27<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $4154564.48   | 0.21%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO-TAHOE NV A 5.25% 07/01/39 | RENO-TAHOE NV ARPT AUTH ARPT R REGD B/E AMT 5.25000000                               | CUSIP: 759874CD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1937944.75   | 0.10%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT O 2.15% 09/01/35 | TEXAS ST DEPT OF HSG & CMNTY A REGD B/E GNMA 2.15000000                              | CUSIP: 88275FSC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $444538.74    | 0.02%             | 2035-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL 5% 10/01/34 | MIAMI-DADE CNTY FL AVIATION RE REGD N/C B/E AMT 5.00000000                           | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2374114.78   | 0.12%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST M 5.75% 03/01/55 | NEW MEXICO ST MTGE FIN AUTH REGD B/E GNMA/FN 5.75000000                              | CUSIP: 647201C91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $3075568.62   | 0.15%             | 2055-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GERALD R FORD INTE 5% 01/01/41 | GERALD R FORD INTERNATIONAL AR REGD B/E AMT CNTY GT 5.00000000                       | CUSIP: 373695CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1600943.85   | 0.08%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST 5.75% 07/01/53 | NORTH DAKOTA ST HSG FIN AGY REGD B/E 5.75000000                                      | CUSIP: 658909X68<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   5290000 | PA      | $5591062.89   | 0.28%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CLACKAM ZCP 06/15/34 | MULTNOMAH CLACKAMAS CNTYS OR S REGD ZCP OID B/E SCH BD 0.00000000                    | CUSIP: 625482GE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $2551904.80   | 0.13%             | 2034-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY T 5% 11/01/37 | NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000                                    | CUSIP: 64971X4Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1667136.90   | 0.08%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS S 3.45% 12/01/36 | MASSACHUSETTS ST HSG FIN AGY H REGD B/E AMT 3.45000000                               | CUSIP: 57587AR26<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    485000 | PA      | $473783.70    | 0.02%             | 2036-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA WTR REV 5% 11/01/33 | NORFOLK VA WTR REVENUE REGD N/C B/E 5.00000000                                       | CUSIP: 656009PY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3705389.88   | 0.19%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW Y 5% 07/15/36 | PORT AUTH OF NEW YORK & NEW JE REGD B/E AMT 5.00000000                               | CUSIP: 73358XHW5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3292658.10   | 0.17%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY 4% 11/15/41 | DENVER CITY & CNTY CO ARPT REV REGD OID B/E AMT 4.00000000                           | CUSIP: 249182QS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1473136.48   | 0.07%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST H 3% 06/01/51 | MASSACHUSETTS ST HSG FIN AGY H REGD B/E GNMA/FN 3.00000000                           | CUSIP: 57587GJG1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   2905000 | PA      | $2849988.89   | 0.14%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDE V/R 08/01/51 | FORT BEND TX INDEP SCH DIST REGD V/R B/E PSF-GTD 0.72000000                          | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3390319.43   | 0.17%             | 2051-08-01      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HS 6.25% 01/01/55 | MINNESOTA ST HSG FIN AGY REGD B/E GNMA/FN 6.25000000                                 | CUSIP: 60416UGU3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   5050000 | PA      | $5647792.24   | 0.28%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** BBH Trust

**Signature:** Declan Coyne

**Name of Signer:** Declan Coyne

**Title:** Treasurer