# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-25-010140
**Filing Date:** 2025-9
**Character Count:** 405685
**Document Hash:** 04bef36767682f41cb70ad734690d105
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010140.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010140

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663

**ORGANIZATION NAME:**
- **EIN:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 251338610

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2030 Term Muni Bond ETF (Series ID: S000085095)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000249960 | iShares iBonds Dec 2030 Term Muni Bond ETF | IBMS            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **Alabama — 0.9%** | **Alabama — 0.9%** | **Alabama — 0.9%** |
| &nbsp;&nbsp;&nbsp; Alabama Federal Aid Highway Finance Authority RB, <br> 5.00%, 09/01/30<br>| &nbsp;&nbsp;&nbsp; $100 | $111017 |
| Alabama Highway Finance Corp. RB, 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 190 | 204872 |
| &nbsp;&nbsp;&nbsp; Alabama Public School and College Authority RB, <br> Series A, 5.00%, 11/01/32<br>| &nbsp;&nbsp;&nbsp; 465 | 507962 |
| &nbsp;&nbsp;&nbsp; University of Alabama at Birmingham RB, 5.00%, <br> 10/01/30<br>| &nbsp;&nbsp;&nbsp; 30 | 33275 |
|  |  | 857126 |
| **Alaska — 0.7%** | **Alaska — 0.7%** | **Alaska — 0.7%** |
| Municipality of Anchorage Alaska GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 130 | 142942 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55258 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/34 | &nbsp;&nbsp;&nbsp; 210 | 225521 |
| State of Alaska GO, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 190 | 210270 |
|  |  | 633991 |
| **Arizona — 1.9%** | **Arizona — 1.9%** | **Arizona — 1.9%** |
| Arizona Board of Regents RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 15 | 16554 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 120 | 129046 |
| City of Mesa AZ GO, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 65 | 72110 |
| City of Phoenix Civic Improvement Corp RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 200 | 222268 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 75 | 81361 |
| City of Phoenix Civic Improvement Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 250 | 277835 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 55 | 58568 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/34 | &nbsp;&nbsp;&nbsp; 275 | 294789 |
| &nbsp;&nbsp;&nbsp; County of Pima Arizona Sewer System Revenue COP, <br> 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 20 | 22139 |
| &nbsp;&nbsp;&nbsp; County of Pima AZ Sewer System Revenue RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 55 | 59728 |
| &nbsp;&nbsp;&nbsp; Maricopa County Unified School District No 48 Scottsdale <br> GO, 4.00%, 07/01/33<br>| &nbsp;&nbsp;&nbsp; 75 | 77251 |
| &nbsp;&nbsp;&nbsp; Maricopa County Unified School District No 80 Chandler <br> GO, 4.00%, 07/01/33<br>| &nbsp;&nbsp;&nbsp; 20 | 20627 |
| &nbsp;&nbsp;&nbsp; Maricopa County Union High School District No. <br> 210-Phoenix GO, 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 75 | 83387 |
| &nbsp;&nbsp;&nbsp; Salt River Project Agricultural Improvement & Power <br> District RB, 5.00%, 01/01/30<br>| &nbsp;&nbsp;&nbsp; 355 | 374336 |
|  |  | 1789999 |
| **Arkansas — 0.2%** | **Arkansas — 0.2%** | **Arkansas — 0.2%** |
| City of Little Rock Arkansas GOL, 4.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 120 | 123228 |
| University of Arkansas RB, 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 70 | 77746 |
|  |  | 200974 |
| **California — 13.7%** | **California — 13.7%** | **California — 13.7%** |
| &nbsp;&nbsp;&nbsp; Anaheim Public Financing Authority RB, 5.00%, 09/01/30 <br> (BAM)<br>| &nbsp;&nbsp;&nbsp; 250 | 271461 |
| &nbsp;&nbsp;&nbsp; Beverly Hills Unified School District CA GO, 0.00%, <br> 08/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 485 | 422627 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank <br> RB, 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 225 | 246024 |
| California School Finance Authority RB, 4.00%, 07/01/31 | &nbsp;&nbsp;&nbsp; 75 | 78705 |
| California State Public Works Board RB |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 105 | 105045 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 255 | 282082 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55712 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 25 | 27937 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/31 | &nbsp;&nbsp;&nbsp; 235 | 258418 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **California (continued)** | **California (continued)** | **California (continued)** |
| &nbsp;&nbsp;&nbsp; City & County of San Francisco California GO, 2.00%, <br> 06/15/30<br>| &nbsp;&nbsp;&nbsp; $285 | $265817 |
| City of Los Angeles Department of Airports RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 100 | 112143 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/33 | &nbsp;&nbsp;&nbsp; 60 | 65322 |
| City of Palo Alto California COP, 3.00%, 11/01/32 | &nbsp;&nbsp;&nbsp; 40 | 39166 |
| &nbsp;&nbsp;&nbsp; Coast Community College District GO, 0.00%, 08/01/30 <br> (AGM)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 110 | 95194 |
| &nbsp;&nbsp;&nbsp; East Side Union High School District GO, 5.00%, <br> 08/01/30<br>| &nbsp;&nbsp;&nbsp; 100 | 111510 |
| &nbsp;&nbsp;&nbsp; Escondido Union High School District GO, 0.00%, <br> 08/01/30 (AGC)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 80 | 69300 |
| Fontana Unified School District GO, 0.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 75 | 64079 |
| &nbsp;&nbsp;&nbsp; Grossmont Union High School District GO, 0.00%, <br> 08/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 128159 |
| &nbsp;&nbsp;&nbsp; Grossmont-Cuyamaca Community College District GO, <br> 0.00%, 08/01/30 (AGC)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 15 | 12905 |
| Jefferson Union High School District GO, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 150 | 168465 |
| &nbsp;&nbsp;&nbsp; Los Angeles County Metropolitan Transportation Authority <br> Sales Tax Revenue RB, Series A, 5.00%, 06/01/32<br>| &nbsp;&nbsp;&nbsp; 65 | 71757 |
| Los Angeles Department of Water & Power RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 135 | 147953 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 105 | 111938 |
| &nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power System <br> Revenue RB, Series D, 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 20 | 21085 |
| &nbsp;&nbsp;&nbsp; Los Angeles Department of Water & Power Water System <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 240 | 263490 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 95 | 101803 |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 170 | 175186 |
| &nbsp;&nbsp;&nbsp; Los Angeles Unified School District/CA GO, 5.00%, <br> 07/01/32<br>| &nbsp;&nbsp;&nbsp; 75 | 82928 |
| Los Angeles Unified School District/California GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 320 | 359281 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 155 | 170209 |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 140 | 148014 |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 130 | 135022 |
| &nbsp;&nbsp;&nbsp; Mount San Jacinto Community College District GO, <br> 3.00%, 08/01/30<br>| &nbsp;&nbsp;&nbsp; 50 | 50165 |
| &nbsp;&nbsp;&nbsp; Mountain View Los Altos Union High School <br> District/California GO, 3.00%, 08/01/31<br>| &nbsp;&nbsp;&nbsp; 85 | 85386 |
| &nbsp;&nbsp;&nbsp; Municipal Improvement Corp. of Los Angeles RB, 5.00%, <br> 11/01/30<br>| &nbsp;&nbsp;&nbsp; 395 | 441765 |
| &nbsp;&nbsp;&nbsp; New Haven Unified School District GO, 0.00%, 08/01/30 <br> (AGC)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 85776 |
| &nbsp;&nbsp;&nbsp; Newport Mesa Unified School District GO, 0.00%, <br> 08/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 70 | 60818 |
| Palo Alto Unified School District GO |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 45 | 44464 |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/34 | &nbsp;&nbsp;&nbsp; 100 | 96568 |
| Poway Unified School District GO, 0.00%, 08/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 163945 |
| &nbsp;&nbsp;&nbsp; Rancho Santiago Community College District GO, 0.00%, <br> 09/01/30 (AGM)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 640 | 550780 |
| &nbsp;&nbsp;&nbsp; Riverside Unified School District Financing Authority ST, <br> 5.00%, 09/01/30<br>| &nbsp;&nbsp;&nbsp; 100 | 111773 |
| Sacramento Municipal Utility District RB, 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 145 | 162712 |
| &nbsp;&nbsp;&nbsp; San Diego Unified School District/CA GO, 0.00%, <br> 07/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 172248 |
| San Diego Unified School District/California GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 150 | 168618 |
| &nbsp;&nbsp;&nbsp; Series C, 0.00%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 20 | 17300 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **California (continued)** | **California (continued)** | **California (continued)** |
| San Francisco Bay Area Rapid Transit District GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; $60 | $63213 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 110 | 120881 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Public Utilities Commission <br> Wastewater Revenue RB, 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 55 | 61963 |
| &nbsp;&nbsp;&nbsp; San Francisco Unified School District GO, 5.00%, <br> 06/15/30<br>| &nbsp;&nbsp;&nbsp; 75 | 82944 |
| &nbsp;&nbsp;&nbsp; San Jose Evergreen Community College District GO, <br> 0.00%, 09/01/30 (AGM)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 65 | 56502 |
| &nbsp;&nbsp;&nbsp; San Jose Unified School District GO, Series C, 0.00%, <br> 08/01/30 (NPFGC)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 405 | 352567 |
| San Mateo County Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/01/30 (NPFGC)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 190 | 164499 |
| &nbsp;&nbsp;&nbsp; Series C, 0.00%, 09/01/30 (NPFGC)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 55 | 47618 |
| &nbsp;&nbsp;&nbsp; Santa Clarita Community College District GO, 0.00%, <br> 08/01/30 (AG)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 115 | 99472 |
| &nbsp;&nbsp;&nbsp; Simi Valley Unified School District GO, 0.00%, 08/01/30 <br> (AGM)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 380 | 329664 |
| &nbsp;&nbsp;&nbsp; Southern California Public Power Authority RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 100 | 109595 |
| &nbsp;&nbsp;&nbsp; State of California Department of Water Resources RB, <br> 5.00%, 12/01/32<br>| &nbsp;&nbsp;&nbsp; 100 | 111638 |
| State of California GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 45 | 49903 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 95 | 105481 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 475 | 529974 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 150 | 160669 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 110 | 122854 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 90 | 100617 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 535 | 586493 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 790 | 884050 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 15 | 16802 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/31 | &nbsp;&nbsp;&nbsp; 320 | 355072 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/32 | &nbsp;&nbsp;&nbsp; 110 | 120156 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/33 | &nbsp;&nbsp;&nbsp; 355 | 385225 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/34 | &nbsp;&nbsp;&nbsp; 140 | 151058 |
| &nbsp;&nbsp;&nbsp; STHRN CALIFORNIA ST PUBLIC PWR STNPWR 07/30 <br> FIXED 5, 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 80 | 87676 |
| Transbay Joint Powers Authority TA, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 35 | 36927 |
| University of California RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 50 | 51426 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 75 | 83675 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 145 | 154111 |
| &nbsp;&nbsp;&nbsp; Series O, 5.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 75 | 79671 |
| &nbsp;&nbsp;&nbsp; Upland Unified School District GO, 0.00%, 08/01/30 <br> (AGM)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 120 | 103440 |
|  |  | 12646891 |
| **Colorado — 1.3%** | **Colorado — 1.3%** | **Colorado — 1.3%** |
| &nbsp;&nbsp;&nbsp; Board of Governors of Colorado State University System <br> RB, 5.00%, 03/01/30 <br> (ST HGR ED INTERCEPT PROG)<br>| &nbsp;&nbsp;&nbsp; 65 | 68722 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Co. Airport System Revenue RB, <br> 5.00%, 11/15/30<br>| &nbsp;&nbsp;&nbsp; 135 | 149864 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Co. Pledged Excise Tax Revenue <br> RB, 5.00%, 08/01/30<br>| &nbsp;&nbsp;&nbsp; 20 | 22134 |
| City & County of Denver Colorado GO |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/34 | &nbsp;&nbsp;&nbsp; 50 | 46597 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 85 | 92451 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/31 | &nbsp;&nbsp;&nbsp; 155 | 171405 |
| &nbsp;&nbsp;&nbsp; City of Colorado Springs Colorado Utilities System <br> Revenue RB, 5.00%, 11/15/30<br>| &nbsp;&nbsp;&nbsp; 110 | 122729 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Colorado (continued)** | **Colorado (continued)** | **Colorado (continued)** |
| &nbsp;&nbsp;&nbsp; Denver City & County School District No. 1 GO, 5.00%, <br> 12/01/32 (SAW)<br>| &nbsp;&nbsp;&nbsp; $40 | $43938 |
| &nbsp;&nbsp;&nbsp; E-470 Public Highway Authority RB, 0.00%, 09/01/30 <br> (NPFGC)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 265590 |
| State of Colorado, 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 20 | 21545 |
| State of Colorado COP, 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 60 | 63196 |
| University of Colorado RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 65 | 68885 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 40 | 44270 |
|  |  | 1181326 |
| **Connecticut — 2.3%** | **Connecticut — 2.3%** | **Connecticut — 2.3%** |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities Authority <br> RB, 5.00%, 07/01/64<br>| &nbsp;&nbsp;&nbsp; 300 | 332036 |
| State of Connecticut GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 310 | 327653 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 50 | 52965 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/32 | &nbsp;&nbsp;&nbsp; 135 | 140832 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/33 | &nbsp;&nbsp;&nbsp; 120 | 123914 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 25 | 27479 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/30 | &nbsp;&nbsp;&nbsp; 170 | 188471 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/30 | &nbsp;&nbsp;&nbsp; 85 | 94398 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/15/31 | &nbsp;&nbsp;&nbsp; 90 | 98286 |
| State of Connecticut Special Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 215 | 238682 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 415 | 443273 |
| University of Connecticut RB, 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 60 | 65972 |
|  |  | 2133961 |
| **Delaware — 0.9%** | **Delaware — 0.9%** | **Delaware — 0.9%** |
| Delaware Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 110 | 119886 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 120 | 132859 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/31 | &nbsp;&nbsp;&nbsp; 240 | 263715 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/34 | &nbsp;&nbsp;&nbsp; 170 | 183665 |
| State of Delaware GO, 4.00%, 01/01/33 | &nbsp;&nbsp;&nbsp; 120 | 124449 |
|  |  | 824574 |
| **District of Columbia — 1.2%** | **District of Columbia — 1.2%** | **District of Columbia — 1.2%** |
| District of Columbia GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 135 | 143338 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55709 |
| District of Columbia Income Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 130 | 143495 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/33 | &nbsp;&nbsp;&nbsp; 105 | 113478 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/33 | &nbsp;&nbsp;&nbsp; 25 | 27053 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/34 | &nbsp;&nbsp;&nbsp; 175 | 187820 |
| District of Columbia RB, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 100 | 108686 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority Dedicated <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/30 | &nbsp;&nbsp;&nbsp; 190 | 209592 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/33 | &nbsp;&nbsp;&nbsp; 140 | 150912 |
|  |  | 1140083 |
| **Florida — 4.9%** | **Florida — 4.9%** | **Florida — 4.9%** |
| &nbsp;&nbsp;&nbsp; Central Florida Expressway Authority RB, 5.00%, 07/01/30 <br> (AGM)<br>| &nbsp;&nbsp;&nbsp; 110 | 121771 |
| City of Jacksonville Florida RB, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 390 | 431792 |
| &nbsp;&nbsp;&nbsp; County of Manatee Florida Public Utilities Revenue RB, <br> 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 40 | 44388 |
| County of Miami-Dade FL RB, 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 85 | 93619 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue RB, <br> 4.00%, 10/01/34<br>| &nbsp;&nbsp;&nbsp; 55 | 55630 |
| County of Miami-Dade Florida GO, 4.00%, 07/01/31 | &nbsp;&nbsp;&nbsp; 90 | 93306 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** | **Florida (continued)** |
| County of Miami-Dade Florida RB, 4.00%, 04/01/33 | &nbsp;&nbsp;&nbsp; $70 | $72163 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Transit System RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 55 | 59623 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Water & Sewer System <br> Revenue RB, 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 170 | 181422 |
| &nbsp;&nbsp;&nbsp; County of Orange Florida Water Utility System Revenue, <br> 5.00%, 10/01/34<br>| &nbsp;&nbsp;&nbsp; 200 | 216457 |
| &nbsp;&nbsp;&nbsp; County of Orange Florida Water Utility System Revenue <br> RB, 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 15 | 16722 |
| Duval County Public Schools, 5.00%, 07/01/32 (AG) | &nbsp;&nbsp;&nbsp; 95 | 102817 |
| &nbsp;&nbsp;&nbsp; Duval County Public Schools COP, 5.00%, 07/01/30 <br> (AGM)<br>| &nbsp;&nbsp;&nbsp; 255 | 281051 |
| Florida Municipal Power Agency RB, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 125 | 133222 |
| Hillsborough County School Board COP, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 290 | 307815 |
| &nbsp;&nbsp;&nbsp; JEA Electric System Revenue RB, 5.00%, 10/01/30 <br> (AGC)<br>| &nbsp;&nbsp;&nbsp; 325 | 359331 |
| &nbsp;&nbsp;&nbsp; JEA Water & Sewer System Revenue RB, 5.00%, <br> 10/01/30<br>| &nbsp;&nbsp;&nbsp; 100 | 110868 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County Educational Facilities Authority RB, <br> 5.00%, 04/01/30<br>| &nbsp;&nbsp;&nbsp; 180 | 196452 |
| Palm Beach County School District COP, 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 375 | 402045 |
| School District of Broward County/Florida COP |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 110 | 120919 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 105 | 112768 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/32 | &nbsp;&nbsp;&nbsp; 185 | 199866 |
| State of Florida Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 180 | 169314 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/34 | &nbsp;&nbsp;&nbsp; 105 | 96934 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 70 | 77151 |
| &nbsp;&nbsp;&nbsp; State of Florida Department of Transportation Turnpike <br> System Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/32 | &nbsp;&nbsp;&nbsp; 50 | 52230 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 185 | 205157 |
| State of Florida GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55553 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 55 | 61127 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/33 | &nbsp;&nbsp;&nbsp; 55 | 59580 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 70 | 77774 |
|  |  | 4568867 |
| **Georgia — 1.4%** | **Georgia — 1.4%** | **Georgia — 1.4%** |
| &nbsp;&nbsp;&nbsp; Athens-Clarke County Unified Government GO, 5.00%, <br> 12/01/30<br>| &nbsp;&nbsp;&nbsp; 45 | 50209 |
| &nbsp;&nbsp;&nbsp; City of Atlanta GA Department of Aviation RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 70 | 77393 |
| &nbsp;&nbsp;&nbsp; City of Atlanta GA Water & Wastewater Revenue RB, <br> 5.75%, 11/01/30 (AG)<br>| &nbsp;&nbsp;&nbsp; 100 | 114653 |
| &nbsp;&nbsp;&nbsp; City of Atlanta Georgia Department of Aviation RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 20 | 22112 |
| &nbsp;&nbsp;&nbsp; Georgia State Road & Tollway Authority RB, 5.00%, <br> 06/01/31<br>| &nbsp;&nbsp;&nbsp; 85 | 93092 |
| Henry County School District GO, 4.00%, 08/01/30 (SAW) | &nbsp;&nbsp;&nbsp; 20 | 21156 |
| Municipal Electric Authority of Georgia RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 155 | 168194 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 100 | 106679 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 (AG) | &nbsp;&nbsp;&nbsp; 100 | 109739 |
| &nbsp;&nbsp;&nbsp; Private Colleges & Universities Authority RB, 5.00%, <br> 09/01/30<br>| &nbsp;&nbsp;&nbsp; 330 | 364557 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Georgia (continued)** | **Georgia (continued)** | **Georgia (continued)** |
| State of Georgia GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; $30 | $32674 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 105 | 114238 |
|  |  | 1274696 |
| **Hawaii — 1.6%** | **Hawaii — 1.6%** | **Hawaii — 1.6%** |
| City & County of Honolulu Hawaii GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 285 | 314325 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 45 | 48011 |
| City & County of Honolulu HI GO, 5.00%, 07/01/34 | &nbsp;&nbsp;&nbsp; 100 | 107567 |
| County of Hawaii GO, 5.00%, 09/01/31 | &nbsp;&nbsp;&nbsp; 90 | 99386 |
| County of Hawaii HI GO, 5.00%, 09/01/34 | &nbsp;&nbsp;&nbsp; 25 | 26942 |
| County of Maui Hawaii GO, 5.00%, 03/01/32 | &nbsp;&nbsp;&nbsp; 250 | 272086 |
| State of Hawaii Airports System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 105 | 116089 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 180 | 194412 |
| &nbsp;&nbsp;&nbsp; State of Hawaii Harbor System Revenue RB, 4.00%, <br> 07/01/32<br>| &nbsp;&nbsp;&nbsp; 145 | 149849 |
| University of Hawaii RB, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 100 | 110817 |
|  |  | 1439484 |
| **Illinois — 5.0%** | **Illinois — 5.0%** | **Illinois — 5.0%** |
| Chicago O'Hare International Airport RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 255 | 279363 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/34 | &nbsp;&nbsp;&nbsp; 170 | 181187 |
| City of Chicago Illinois GO, 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 140 | 147173 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Wastewater Transmission <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 (AGM) | &nbsp;&nbsp;&nbsp; 115 | 125275 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 (BAM) | &nbsp;&nbsp;&nbsp; 110 | 119828 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois Waterworks Revenue RB, 5.00%, <br> 11/01/30<br>| &nbsp;&nbsp;&nbsp; 60 | 65409 |
| County of Cook Illinois GO, 5.00%, 11/15/31 | &nbsp;&nbsp;&nbsp; 115 | 125176 |
| &nbsp;&nbsp;&nbsp; County of Cook Illinois Sales Tax Revenue RB, 5.00%, <br> 11/15/30<br>| &nbsp;&nbsp;&nbsp; 60 | 65886 |
| Illinois Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 55 | 60466 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 315 | 348691 |
| Illinois State Toll Highway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 430 | 471227 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 115 | 120850 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/31 | &nbsp;&nbsp;&nbsp; 110 | 119649 |
| &nbsp;&nbsp;&nbsp; Metropolitan Water Reclamation District of Greater <br> Chicago GO, 5.00%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; 45 | 49996 |
| &nbsp;&nbsp;&nbsp; Metropolitan Water Reclamation District of Greater <br> Chicago GOL, 5.00%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; 150 | 166685 |
| &nbsp;&nbsp;&nbsp; Regional Transportation Authority RB, 6.00%, 07/01/30 <br> (NPFGC)<br>| &nbsp;&nbsp;&nbsp; 325 | 372385 |
| Sales Tax Securitization Corp RB, 5.00%, 01/01/33 | &nbsp;&nbsp;&nbsp; 100 | 107346 |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp. RB, Series A, 5.00%, <br> 01/01/30<br>| &nbsp;&nbsp;&nbsp; 400 | 432841 |
| State of Illinois GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 325 | 350764 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 50 | 54056 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 165 | 178567 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 100 | 104978 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 100 | 104978 |
| State of Illinois Sales Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/30 (BAM) | &nbsp;&nbsp;&nbsp; 135 | 142109 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 195 | 212414 |
| University of Illinois RB, 5.00%, 04/01/31 | &nbsp;&nbsp;&nbsp; 95 | 103552 |
|  |  | 4610851 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Indiana — 1.5%** | **Indiana — 1.5%** | **Indiana — 1.5%** |
| Ball State University RB, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; $40 | $44048 |
| &nbsp;&nbsp;&nbsp; City of Indianapolis Department of Public Utilities Water <br> System Revenue RB, 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 215 | 229041 |
| Indiana Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 230 | 249612 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 35 | 37439 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 240 | 266084 |
| Indiana Municipal Power Agency RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 (AGC) | &nbsp;&nbsp;&nbsp; 55 | 60300 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 30 | 31495 |
| Indiana University RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 60 | 63531 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55535 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/32 | &nbsp;&nbsp;&nbsp; 35 | 38242 |
| Purdue University RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 155 | 171737 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/31 | &nbsp;&nbsp;&nbsp; 90 | 99109 |
|  |  | 1346173 |
| **Iowa — 0.4%** | **Iowa — 0.4%** | **Iowa — 0.4%** |
| City of Des Moines IA GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 20 | 20665 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 110 | 114703 |
| Iowa Finance Authority RB, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 245 | 260018 |
|  |  | 395386 |
| **Kansas — 0.6%** | **Kansas — 0.6%** | **Kansas — 0.6%** |
| &nbsp;&nbsp;&nbsp; Johnson County Public Building Commission RB, 5.00%, <br> 09/01/30<br>| &nbsp;&nbsp;&nbsp; 50 | 55286 |
| &nbsp;&nbsp;&nbsp; Johnson County Unified School District No. 229 Blue <br> Valley GO, 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 140 | 155357 |
| &nbsp;&nbsp;&nbsp; State of Kansas Department of Transportation RB, 5.00%, <br> 09/01/30<br>| &nbsp;&nbsp;&nbsp; 275 | 305313 |
|  |  | 515956 |
| **Kentucky — 0.8%** | **Kentucky — 0.8%** | **Kentucky — 0.8%** |
| Kentucky State Property & Building Commission RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 110 | 121676 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 175 | 193464 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 125 | 133269 |
| Kentucky Turnpike Authority RB, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 255 | 281421 |
| &nbsp;&nbsp;&nbsp; Louisville/Jefferson County Metropolitan Government GO, <br> 5.00%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; 50 | 55423 |
|  |  | 785253 |
| **Louisiana — 0.8%** | **Louisiana — 0.8%** | **Louisiana — 0.8%** |
| City of New Orleans LA GO, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 25 | 27516 |
| City of New Orleans Los Angeles GO, 5.00%, 12/01/31 | &nbsp;&nbsp;&nbsp; 240 | 262071 |
| New Orleans Aviation Board RB, 5.00%, 10/01/30 (AGM) | &nbsp;&nbsp;&nbsp; 115 | 122008 |
| &nbsp;&nbsp;&nbsp; State of Louisiana Gasoline & Fuels Tax Revenue RB, <br> 5.00%, 05/01/30<br>| &nbsp;&nbsp;&nbsp; 115 | 126107 |
| State of Louisiana GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 15 | 16591 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55612 |
| State of Louisiana RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 30 | 33187 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 100 | 106299 |
|  |  | 749391 |
| **Maine — 0.8%** | **Maine — 0.8%** | **Maine — 0.8%** |
| &nbsp;&nbsp;&nbsp; Maine Governmental Facilities Authority RB, 5.00%, <br> 10/01/30<br>| &nbsp;&nbsp;&nbsp; 75 | 83018 |
| Maine Municipal Bond Bank RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 95 | 104895 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 195 | 216366 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Maine (continued)** | **Maine (continued)** | **Maine (continued)** |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/31 | &nbsp;&nbsp;&nbsp; $190 | $209152 |
| Maine Turnpike Authority RB, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 65 | 71921 |
| State of Maine GO, 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 40 | 44325 |
|  |  | 729677 |
| **Maryland — 2.3%** | **Maryland — 2.3%** | **Maryland — 2.3%** |
| County of Anne Arundel Maryland GOL, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 160 | 174870 |
| County of Baltimore Maryland GO, 5.00%, 03/01/31 | &nbsp;&nbsp;&nbsp; 50 | 54801 |
| County of Frederick Maryland GO, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 45 | 50235 |
| County of Montgomery Maryland GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 70 | 74274 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 130 | 144842 |
| County of Prince George's Maryland GOL |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 45 | 50079 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/30 | &nbsp;&nbsp;&nbsp; 100 | 111575 |
| County of Prince George's MD GOL, 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 80 | 89221 |
| Maryland State Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 135 | 149578 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/31 | &nbsp;&nbsp;&nbsp; 60 | 65856 |
| State of Maryland Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 70 | 73253 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/34 | &nbsp;&nbsp;&nbsp; 260 | 280006 |
| State of Maryland GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 110 | 118959 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 65 | 71969 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/01/31 | &nbsp;&nbsp;&nbsp; 395 | 435081 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 110 | 119460 |
| &nbsp;&nbsp;&nbsp; Washington Suburban Sanitary Commission RB, 5.00%, <br> 12/01/31 (GTD)<br>| &nbsp;&nbsp;&nbsp; 100 | 110751 |
|  |  | 2174810 |
| **Massachusetts — 0.9%** | **Massachusetts — 0.9%** | **Massachusetts — 0.9%** |
| Commonwealth of Massachusetts GOL |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/34 | &nbsp;&nbsp;&nbsp; 115 | 117428 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 175 | 188877 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 55 | 61142 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 195 | 217306 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55951 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 11/01/32 | &nbsp;&nbsp;&nbsp; 55 | 60143 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 11/01/33 | &nbsp;&nbsp;&nbsp; 25 | 27157 |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts RB, 5.50%, 01/01/30 <br> (NPFGC)<br>| &nbsp;&nbsp;&nbsp; 65 | 72584 |
|  |  | 800588 |
| **Michigan — 1.5%** | **Michigan — 1.5%** | **Michigan — 1.5%** |
| Chippewa Valley Schools GO, 5.00%, 05/01/30 (Q-SBLF) | &nbsp;&nbsp;&nbsp; 20 | 21576 |
| &nbsp;&nbsp;&nbsp; Great Lakes Water Authority Water Supply System <br> Revenue RB, 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 40 | 44162 |
| Karegnondi Water Authority RB, 5.00%, 11/01/30 (BAM) | &nbsp;&nbsp;&nbsp; 130 | 143775 |
| Michigan State Building Authority RB, 5.00%, 10/15/30 | &nbsp;&nbsp;&nbsp; 130 | 144044 |
| Michigan State University RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 55 | 59294 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 125 | 138523 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/31 | &nbsp;&nbsp;&nbsp; 65 | 71718 |
| State of Michigan GO, Series A, 5.00%, 05/15/32 | &nbsp;&nbsp;&nbsp; 90 | 98267 |
| State of Michigan Trunk Line Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/30 | &nbsp;&nbsp;&nbsp; 110 | 122641 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/32 | &nbsp;&nbsp;&nbsp; 395 | 432511 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/33 | &nbsp;&nbsp;&nbsp; 20 | 21718 |
| University of Michigan RB, 5.00%, 04/01/34 | &nbsp;&nbsp;&nbsp; 65 | 69963 |
|  |  | 1368192 |
| **Minnesota — 1.5%** | **Minnesota — 1.5%** | **Minnesota — 1.5%** |
| County of Hennepin Minnesota GO, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 90 | 100519 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Minnesota (continued)** | **Minnesota (continued)** | **Minnesota (continued)** |
| County of Hennepin MN GO, 5.00%, 12/01/31 | &nbsp;&nbsp;&nbsp; $225 | $249307 |
| Metropolitan Council GO, 5.00%, 03/01/31 | &nbsp;&nbsp;&nbsp; 145 | 159678 |
| &nbsp;&nbsp;&nbsp; Minneapolis-St. Paul Metropolitan Airports Commission <br> RB, 5.00%, 01/01/30<br>| &nbsp;&nbsp;&nbsp; 85 | 93047 |
| &nbsp;&nbsp;&nbsp; Minnesota Public Facilities Authority State Revolving Fund <br> RB, 5.00%, 03/01/30<br>| &nbsp;&nbsp;&nbsp; 145 | 160655 |
| State of Minnesota GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 90 | 94992 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/31 | &nbsp;&nbsp;&nbsp; 85 | 89159 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 115 | 128104 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 85 | 94797 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/31 | &nbsp;&nbsp;&nbsp; 50 | 54976 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/32 | &nbsp;&nbsp;&nbsp; 85 | 92831 |
| University of Minnesota RB, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55485 |
|  |  | 1373550 |
| **Mississippi — 0.2%** | **Mississippi — 0.2%** | **Mississippi — 0.2%** |
| State of Mississippi GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 30 | 33132 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/32 | &nbsp;&nbsp;&nbsp; 150 | 163618 |
|  |  | 196750 |
| **Missouri — 0.6%** | **Missouri — 0.6%** | **Missouri — 0.6%** |
| &nbsp;&nbsp;&nbsp; Curators of the University of Missouri (The) RB, 5.00%, <br> 11/01/30<br>| &nbsp;&nbsp;&nbsp; 130 | 145128 |
| &nbsp;&nbsp;&nbsp; Missouri Joint Municipal Electric Utility Commission RB, <br> 5.00%, 01/01/30<br>| &nbsp;&nbsp;&nbsp; 355 | 386493 |
|  |  | 531621 |
| **Nebraska — 0.3%** | **Nebraska — 0.3%** | **Nebraska — 0.3%** |
| &nbsp;&nbsp;&nbsp; City of Lincoln Nebraska Electric System Revenue RB, <br> 5.00%, 09/01/32<br>| &nbsp;&nbsp;&nbsp; 70 | 75840 |
| &nbsp;&nbsp;&nbsp; City of Omaha Nebraska Sewer Revenue RB, 4.00%, <br> 04/01/33<br>| &nbsp;&nbsp;&nbsp; 25 | 25838 |
| Omaha Public Power District RB, 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 125 | 137206 |
| Omaha School District GO, 4.00%, 12/15/32 | &nbsp;&nbsp;&nbsp; 35 | 36269 |
|  |  | 275153 |
| **Nevada — 2.1%** | **Nevada — 2.1%** | **Nevada — 2.1%** |
| Clark County School District GOL |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/32 (BAM) | &nbsp;&nbsp;&nbsp; 65 | 67121 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 325 | 357669 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 (BAM) | &nbsp;&nbsp;&nbsp; 45 | 49610 |
| &nbsp;&nbsp;&nbsp; Clark County Water Reclamation District GOL, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 140 | 155110 |
| &nbsp;&nbsp;&nbsp; County of Clark Department of Aviation RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 180 | 194646 |
| County of Clark Nevada GOL |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/32 | &nbsp;&nbsp;&nbsp; 70 | 72343 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 85 | 92031 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 110 | 117584 |
| County of Clark Nevada RB, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 90 | 99495 |
| County of Clark NV RB, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 105 | 116077 |
| &nbsp;&nbsp;&nbsp; County of Washoe Nevada Gas Tax Revenue RB, 5.00%, <br> 02/01/30<br>| &nbsp;&nbsp;&nbsp; 15 | 16135 |
| Las Vegas Valley Water District GOL, 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 245 | 271725 |
| State of Nevada GOL |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/01/33 | &nbsp;&nbsp;&nbsp; 50 | 47823 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 30 | 33206 |
| &nbsp;&nbsp;&nbsp; State of Nevada Highway Improvement Revenue RB, <br> 4.00%, 12/01/32<br>| &nbsp;&nbsp;&nbsp; 105 | 108225 |
| &nbsp;&nbsp;&nbsp; Washoe County School District/Nevada GOL, 5.00%, <br> 06/01/30 (BAM)<br>| &nbsp;&nbsp;&nbsp; 175 | 189742 |
|  |  | 1988542 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **New Hampshire — 0.3%** | **New Hampshire — 0.3%** | **New Hampshire — 0.3%** |
| &nbsp;&nbsp;&nbsp; New Hampshire Municipal Bond Bank RB, 5.00%, <br> 08/15/30<br>| &nbsp;&nbsp;&nbsp; $255 | $283971 |
| State of New Hampshire GO, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 20 | 22378 |
|  |  | 306349 |
| **New Jersey — 2.1%** | **New Jersey — 2.1%** | **New Jersey — 2.1%** |
| New Jersey Economic Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 35 | 38111 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 85 | 93508 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 55 | 59588 |
| New Jersey Educational Facilities Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 145 | 159165 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 115 | 126462 |
| New Jersey Transportation Trust Fund Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 430 | 472709 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 290 | 310249 |
| New Jersey Turnpike Authority RB, 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 155 | 169523 |
| State of New Jersey GO, Series A, 4.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 455 | 481350 |
|  |  | 1910665 |
| **New Mexico — 0.7%** | **New Mexico — 0.7%** | **New Mexico — 0.7%** |
| New Mexico Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 75 | 83001 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 125 | 138829 |
| New Mexico State University RB, 5.00%, 04/01/30 (BAM) | &nbsp;&nbsp;&nbsp; 150 | 158725 |
| &nbsp;&nbsp;&nbsp; State of New Mexico Severance Tax Permanent Fund RB, <br> 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 225 | 248846 |
|  |  | 629401 |
| **New York — 11.7%** | **New York — 11.7%** | **New York — 11.7%** |
| City of New York GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 215 | 232126 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 110 | 121850 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 15 | 16122 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 145 | 160907 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/31 | &nbsp;&nbsp;&nbsp; 585 | 639505 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/32 | &nbsp;&nbsp;&nbsp; 70 | 75908 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.00%, 08/01/34 | &nbsp;&nbsp;&nbsp; 110 | 111389 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 130 | 144005 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 35 | 37624 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 160 | 177236 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.00%, 08/01/34 | &nbsp;&nbsp;&nbsp; 235 | 250586 |
| City of New York NY GO, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 160 | 177236 |
| Empire State Development Corp RB, 5.00%, 03/15/33 | &nbsp;&nbsp;&nbsp; 255 | 273266 |
| Empire State Development Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 90 | 99571 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/33 | &nbsp;&nbsp;&nbsp; 185 | 199569 |
| Long Island Power Authority RB, 5.00%, 09/01/34 | &nbsp;&nbsp;&nbsp; 125 | 134351 |
| Metropolitan Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/30 | &nbsp;&nbsp;&nbsp; 210 | 232334 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/30 | &nbsp;&nbsp;&nbsp; 70 | 74042 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 164108 |
| New York City Municipal Water Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 235 | 251714 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 145 | 155744 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Building Aid <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/30 (SAW) | &nbsp;&nbsp;&nbsp; 255 | 271876 |
| &nbsp;&nbsp;&nbsp; Series S, 5.00%, 07/15/30 (SAW) | &nbsp;&nbsp;&nbsp; 25 | 26654 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 135 | 149185 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 560 | 622584 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** | **New York (continued)** |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/31 | &nbsp;&nbsp;&nbsp; $50 | $54685 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/31 | &nbsp;&nbsp;&nbsp; 180 | 197383 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/32 | &nbsp;&nbsp;&nbsp; 100 | 109323 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/32 | &nbsp;&nbsp;&nbsp; 185 | 201666 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/34 | &nbsp;&nbsp;&nbsp; 290 | 311158 |
| New York State Dormitory Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 455 | 503058 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 285 | 301063 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 220 | 234691 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 95 | 105264 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 65 | 69144 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/30 | &nbsp;&nbsp;&nbsp; 20 | 22061 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 (AG SAW) | &nbsp;&nbsp;&nbsp; 45 | 50077 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 (SAW) | &nbsp;&nbsp;&nbsp; 125 | 138085 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 (AGM) | &nbsp;&nbsp;&nbsp; 255 | 278095 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/31 | &nbsp;&nbsp;&nbsp; 280 | 306934 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/32 (BAM) | &nbsp;&nbsp;&nbsp; 185 | 201482 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 03/15/34 | &nbsp;&nbsp;&nbsp; 160 | 161981 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/32 | &nbsp;&nbsp;&nbsp; 450 | 489522 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 02/15/33 | &nbsp;&nbsp;&nbsp; 205 | 219651 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 02/15/34 | &nbsp;&nbsp;&nbsp; 100 | 106433 |
| &nbsp;&nbsp;&nbsp; New York State Environmental Facilities Corp. RB, 5.00%, <br> 06/15/30<br>| &nbsp;&nbsp;&nbsp; 25 | 28024 |
| New York State Thruway Authority RB, 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 260 | 286337 |
| New York State Urban Development Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/34 | &nbsp;&nbsp;&nbsp; 35 | 35320 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 95 | 105103 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/32 | &nbsp;&nbsp;&nbsp; 90 | 97993 |
| &nbsp;&nbsp;&nbsp; Series E, 4.00%, 03/15/34 | &nbsp;&nbsp;&nbsp; 235 | 236953 |
| Port Authority of New York & New Jersey RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 40 | 44270 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/33 | &nbsp;&nbsp;&nbsp; 155 | 168279 |
| &nbsp;&nbsp;&nbsp; Series 209TH, 5.00%, 07/15/30 | &nbsp;&nbsp;&nbsp; 45 | 47925 |
| Triborough Bridge & Tunnel Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/30 | &nbsp;&nbsp;&nbsp; 600 | 669306 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 245460 |
|  |  | 10826218 |
| **North Carolina — 1.7%** | **North Carolina — 1.7%** | **North Carolina — 1.7%** |
| &nbsp;&nbsp;&nbsp; City of Charlotte North Carolina Airport Revenue RB, <br> 5.00%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 60 | 66453 |
| City of Charlotte North Carolina COP, 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 105 | 113839 |
| City of Charlotte North Carolina GO, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 75 | 83534 |
| &nbsp;&nbsp;&nbsp; City of Charlotte North Carolina Water & Sewer System <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 25 | 24893 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 60 | 66798 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 15 | 16324 |
| &nbsp;&nbsp;&nbsp; City of Raleigh North Carolina Combined Enterprise <br> System Revenue RB, 5.00%, 09/01/30<br>| &nbsp;&nbsp;&nbsp; 55 | 61392 |
| City of Raleigh North Carolina RB, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 125 | 138960 |
| County of Johnston North Carolina RB, 5.00%, 04/01/32 | &nbsp;&nbsp;&nbsp; 45 | 48994 |
| County of Wake North Carolina RB, 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 130 | 141707 |
| North Carolina Municipal Power Agency No. 1 RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 120 | 131145 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/32 | &nbsp;&nbsp;&nbsp; 120 | 129211 |
| State of North Carolina RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 90 | 99097 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 70 | 75404 |
| &nbsp;&nbsp;&nbsp; Series B, 3.00%, 05/01/33 | &nbsp;&nbsp;&nbsp; 145 | 138979 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 05/01/33 | &nbsp;&nbsp;&nbsp; 100 | 108038 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **North Carolina (continued)** | **North Carolina (continued)** | **North Carolina (continued)** |
| &nbsp;&nbsp;&nbsp; University of North Carolina at Greensboro RB, 5.00%, <br> 04/01/30<br>| &nbsp;&nbsp;&nbsp; $100 | $105790 |
|  |  | 1550558 |
| **North Dakota — 0.1%** | **North Dakota — 0.1%** | **North Dakota — 0.1%** |
| North Dakota Building Authority RB, 5.00%, 12/01/31 | &nbsp;&nbsp;&nbsp; 105 | 115245 |
| **Ohio — 2.3%** | **Ohio — 2.3%** | **Ohio — 2.3%** |
| American Municipal Power Inc. RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 200 | 218910 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 195 | 208612 |
| &nbsp;&nbsp;&nbsp; City of Cleveland OH Income Tax Revenue RB, 4.00%, <br> 10/01/31<br>| &nbsp;&nbsp;&nbsp; 65 | 67955 |
| City of Cleveland Ohio GOL, 4.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 125 | 131144 |
| City of Columbus Ohio GO, 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 130 | 144899 |
| City of Columbus Ohio GOL, 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 55 | 60984 |
| Ohio State University (The) RB, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 120 | 133709 |
| Ohio Water Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 55 | 61079 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 25 | 27933 |
| &nbsp;&nbsp;&nbsp; Ohio Water Development Authority Water Pollution Control <br> Loan Fund RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 60 | 66421 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/31 | &nbsp;&nbsp;&nbsp; 35 | 38437 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/33 | &nbsp;&nbsp;&nbsp; 40 | 43762 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/33 | &nbsp;&nbsp;&nbsp; 145 | 156953 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/33 | &nbsp;&nbsp;&nbsp; 110 | 121290 |
| State of Ohio GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 45 | 49692 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 45 | 49808 |
| State of Ohio GOL |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 55 | 60877 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 135 | 150351 |
| State of Ohio RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 100 | 110071 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 170 | 189052 |
| University of Cincinnati RB, 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 25 | 27549 |
|  |  | 2119488 |
| **Oklahoma — 1.2%** | **Oklahoma — 1.2%** | **Oklahoma — 1.2%** |
| City of Oklahoma City Oklahoma GO, 3.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 65 | 64630 |
| &nbsp;&nbsp;&nbsp; Oklahoma Capitol Improvement Authority RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 90 | 95527 |
| &nbsp;&nbsp;&nbsp; Oklahoma County Independent School District No 12 <br> Edmond GO, 4.00%, 08/01/30<br>| &nbsp;&nbsp;&nbsp; 200 | 210045 |
| &nbsp;&nbsp;&nbsp; Oklahoma Department of Transportation RB, 5.00%, <br> 09/01/30<br>| &nbsp;&nbsp;&nbsp; 60 | 64182 |
| &nbsp;&nbsp;&nbsp; Oklahoma Municipal Power Authority RB, 5.00%, 01/01/30 <br> (AGM)<br>| &nbsp;&nbsp;&nbsp; 30 | 32734 |
| Oklahoma Turnpike Authority RB, 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 180 | 197503 |
| Oklahoma Water Resources Board RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 200 | 221494 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 155 | 172795 |
| University of Oklahoma (The) RB, 5.00%, 07/01/31 | &nbsp;&nbsp;&nbsp; 50 | 54465 |
|  |  | 1113375 |
| **Oregon — 1.3%** | **Oregon — 1.3%** | **Oregon — 1.3%** |
| City of Portland Oregon Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/33 | &nbsp;&nbsp;&nbsp; 40 | 41406 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 275 | 305432 |
| &nbsp;&nbsp;&nbsp; Clackamas County School District No. 86 Canby GO, <br> 5.00%, 06/15/30 (GTD)<br>| &nbsp;&nbsp;&nbsp; 55 | 60766 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oregon (continued)** | **Oregon (continued)** | **Oregon (continued)** |
| &nbsp;&nbsp;&nbsp; Multnomah County School District No. 1 Portland/Oregon <br> GO, 3.00%, 06/15/34 (GTD)<br>| &nbsp;&nbsp;&nbsp; $350 | $328409 |
| &nbsp;&nbsp;&nbsp; Oregon City School District No. 62 GO, 0.00%, 06/15/30 <br> (GTD)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 130390 |
| Portland Community College District GO, 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 135 | 149479 |
| &nbsp;&nbsp;&nbsp; Salem-Keizer School District No. 24J GOL, 0.00%, <br> 06/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 170 | 143859 |
| &nbsp;&nbsp;&nbsp; Tri-County Metropolitan Transportation District of Oregon <br> RB, 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 35 | 36771 |
|  |  | 1196512 |
| **Pennsylvania — 2.1%** | **Pennsylvania — 2.1%** | **Pennsylvania — 2.1%** |
| City of Philadelphia Pennsylvania GO, 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 50 | 54031 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Pennsylvania Water & Wastewater <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 (AGC) | &nbsp;&nbsp;&nbsp; 100 | 110416 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/32 | &nbsp;&nbsp;&nbsp; 50 | 54470 |
| Commonwealth of Pennsylvania GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/32 | &nbsp;&nbsp;&nbsp; 145 | 150278 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/33 | &nbsp;&nbsp;&nbsp; 225 | 231482 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 95 | 105508 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/31 | &nbsp;&nbsp;&nbsp; 205 | 225593 |
| County of Allegheny Pennsylvania GO, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 45 | 49831 |
| Pennsylvania State University (The) RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 160 | 177155 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/33 | &nbsp;&nbsp;&nbsp; 30 | 32189 |
| Pennsylvania Turnpike Commission RB, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 330 | 365430 |
| Pittsburgh Water & Sewer Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 09/01/30 (NPFGC)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 148734 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 160 | 175473 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 (AGM) | &nbsp;&nbsp;&nbsp; 70 | 77536 |
|  |  | 1958126 |
| **Rhode Island — 0.2%** | **Rhode Island — 0.2%** | **Rhode Island — 0.2%** |
| Rhode Island Commerce Corp. RB, 5.00%, 05/15/33 | &nbsp;&nbsp;&nbsp; 85 | 91447 |
| State of Rhode Island GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 45 | 48764 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55604 |
|  |  | 195815 |
| **South Carolina — 0.2%** | **South Carolina — 0.2%** | **South Carolina — 0.2%** |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority RB, 5.00%, <br> 12/01/30<br>| &nbsp;&nbsp;&nbsp; 175 | 192535 |
| **South Dakota — 0.1%** | **South Dakota — 0.1%** | **South Dakota — 0.1%** |
| South Dakota Conservancy District RB, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 65 | 72256 |
| **Tennessee — 2.0%** | **Tennessee — 2.0%** | **Tennessee — 2.0%** |
| &nbsp;&nbsp;&nbsp; City of Memphis Tennessee Electric System Revenue RB, <br> 5.00%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; 110 | 122328 |
| City of Memphis Tennessee GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 125 | 138120 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 50 | 55630 |
| &nbsp;&nbsp;&nbsp; City of Memphis Tennessee Sanitary Sewerage System <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/32 | &nbsp;&nbsp;&nbsp; 110 | 119534 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/33 | &nbsp;&nbsp;&nbsp; 125 | 134941 |
| City of Oak Ridge Tennessee GO, 2.00%, 06/01/32 | &nbsp;&nbsp;&nbsp; 50 | 44259 |
| County of Hamilton Tennessee GO, 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 150 | 167266 |
| County of Knox Tennessee GO, 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 270 | 299452 |
| County of Montgomery Tennessee GO, 5.00%, 06/01/32 | &nbsp;&nbsp;&nbsp; 30 | 32622 |
| County of Shelby Tennessee GO, 4.00%, 04/01/32 | &nbsp;&nbsp;&nbsp; 80 | 82614 |
| County of Sumner Tennessee GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 60 | 62725 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Tennessee (continued)** | **Tennessee (continued)** | **Tennessee (continued)** |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; $100 | $110669 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson County <br> Tennessee GO, 5.00%, 01/01/30<br>| &nbsp;&nbsp;&nbsp; 235 | 258663 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson County <br> Tennessee Water & Sewer Revenue RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 95 | 105253 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government of Nashville & Davidson County <br> TN Water & Sewer Revenue RB, 5.00%, 07/01/31<br>| &nbsp;&nbsp;&nbsp; 50 | 54950 |
| State of Tennessee GO, 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 30 | 33524 |
|  |  | 1822550 |
| **Texas — 12.7%** | **Texas — 12.7%** | **Texas — 12.7%** |
| &nbsp;&nbsp;&nbsp; Arlington Independent School District/Texas GO, 5.00%, <br> 02/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 250 | 275557 |
| &nbsp;&nbsp;&nbsp; Aubrey Independent School District GO, 5.00%, 02/15/30 <br> (PSF)<br>| &nbsp;&nbsp;&nbsp; 85 | 93613 |
| Austin Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 165 | 181387 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 (PSF) | &nbsp;&nbsp;&nbsp; 75 | 83080 |
| &nbsp;&nbsp;&nbsp; Central Texas Regional Mobility Authority RB, 5.00%, <br> 01/01/30<br>| &nbsp;&nbsp;&nbsp; 185 | 200830 |
| &nbsp;&nbsp;&nbsp; Central Texas Turnpike System RB, 0.00%, 08/15/30 <br> (AMBAC)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 25 | 21327 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Electric Utility Revenue RB, 5.00%, <br> 11/15/30<br>| &nbsp;&nbsp;&nbsp; 70 | 77119 |
| City of Austin Texas GOL, 5.00%, 09/01/33 | &nbsp;&nbsp;&nbsp; 55 | 59464 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System Revenue <br> RB, 5.00%, 11/15/30<br>| &nbsp;&nbsp;&nbsp; 160 | 177431 |
| City of Austin TX GOL, 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 175 | 193841 |
| City of Dallas Texas GOL, 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 50 | 54839 |
| City of Dallas TX GOL, 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 125 | 134272 |
| City of Denton Texas GOL |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/15/33 | &nbsp;&nbsp;&nbsp; 155 | 147004 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 45 | 49194 |
| &nbsp;&nbsp;&nbsp; City of Fort Worth Texas Water & Sewer System Revenue <br> RB, 3.00%, 02/15/34<br>| &nbsp;&nbsp;&nbsp; 115 | 108329 |
| City of Frisco Texas GOL, 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 80 | 87635 |
| &nbsp;&nbsp;&nbsp; City of Garland TX Water & Sewer System Revenue RB, <br> 5.00%, 03/01/30<br>| &nbsp;&nbsp;&nbsp; 25 | 26845 |
| City of Greenville Texas GOL, 3.00%, 02/15/32 (BAM) | &nbsp;&nbsp;&nbsp; 45 | 44190 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Combined Utility System Revenue <br> RB, 5.00%, 11/15/30<br>| &nbsp;&nbsp;&nbsp; 130 | 143826 |
| City of Houston Texas GOL, 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 30 | 32788 |
| City of Irving Texas GOL, 5.00%, 09/15/30 | &nbsp;&nbsp;&nbsp; 15 | 16652 |
| City of League City Texas GOL, 3.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 60 | 59518 |
| City of Lubbock Texas GOL, 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 80 | 87743 |
| &nbsp;&nbsp;&nbsp; City of Lubbock TX Water & Wastewater System RB, <br> 4.00%, 02/15/30<br>| &nbsp;&nbsp;&nbsp; 35 | 36410 |
| City of Odessa TX GOL, 3.00%, 03/01/32 | &nbsp;&nbsp;&nbsp; 120 | 112766 |
| City of Plano Texas GOL |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 09/01/33 | &nbsp;&nbsp;&nbsp; 100 | 85862 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 125 | 124967 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 125 | 131929 |
| &nbsp;&nbsp;&nbsp; City of San Antonio Texas Electric & Gas Systems <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 265 | 279010 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/34 | &nbsp;&nbsp;&nbsp; 105 | 111053 |
| City of San Antonio Texas GOL, 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 120 | 131818 |
| &nbsp;&nbsp;&nbsp; Clear Creek Independent School District GO, 5.00%, <br> 02/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 325 | 357494 |
| Conroe Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/15/32 (PSF) | &nbsp;&nbsp;&nbsp; 100 | 97236 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** | **Texas (continued)** |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 (PSF) | &nbsp;&nbsp;&nbsp; $240 | $264211 |
| County of Bexar Texas RB, 4.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 35 | 36077 |
| County of Harris Texas GOL, 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 60 | 66577 |
| County of Harris Texas Toll Road Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/33 | &nbsp;&nbsp;&nbsp; 90 | 91740 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/34 | &nbsp;&nbsp;&nbsp; 145 | 146786 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 15 | 16592 |
| County of Williamson Texas GOL, 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 175 | 191859 |
| &nbsp;&nbsp;&nbsp; Cypress-Fairbanks Independent School District GO, <br> 5.00%, 02/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 105 | 112993 |
| Dallas Area Rapid Transit RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 45 | 48985 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 230 | 252566 |
| Dallas Fort Worth International Airport RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/34 | &nbsp;&nbsp;&nbsp; 65 | 65843 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 560 | 620270 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/31 | &nbsp;&nbsp;&nbsp; 85 | 93230 |
| &nbsp;&nbsp;&nbsp; Dallas Independent School District GO, 5.00%, 02/15/30 <br> (PSF)<br>| &nbsp;&nbsp;&nbsp; 260 | 286346 |
| &nbsp;&nbsp;&nbsp; Del Valle Independent School District Texas GO, 5.00%, <br> 06/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 75 | 82723 |
| &nbsp;&nbsp;&nbsp; Denton Independent School District GO, 5.00%, 08/15/30 <br> (PSF)<br>| &nbsp;&nbsp;&nbsp; 75 | 83114 |
| &nbsp;&nbsp;&nbsp; Fort Bend Independent School District GO, 5.00%, <br> 08/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 100 | 110968 |
| &nbsp;&nbsp;&nbsp; Fort Worth Independent School District GO, 5.00%, <br> 02/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 50 | 55111 |
| &nbsp;&nbsp;&nbsp; Garland Independent School District GO, 5.00%, 02/15/30 <br> (PSF)<br>| &nbsp;&nbsp;&nbsp; 240 | 263995 |
| &nbsp;&nbsp;&nbsp; Grand Parkway Transportation Corp. RB, Series A, 5.00%, <br> 10/01/30<br>| &nbsp;&nbsp;&nbsp; 85 | 89525 |
| Harris County Flood Control District GOL |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 125 | 138514 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 420 | 457105 |
| &nbsp;&nbsp;&nbsp; Houston Independent School District GOL, 5.00%, <br> 02/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 125 | 132401 |
| &nbsp;&nbsp;&nbsp; Katy Independent School District GO, 5.00%, 02/15/30 <br> (PSF)<br>| &nbsp;&nbsp;&nbsp; 85 | 93536 |
| &nbsp;&nbsp;&nbsp; Lamar Consolidated Independent School District GO, <br> 5.00%, 02/15/30<br>| &nbsp;&nbsp;&nbsp; 150 | 164384 |
| &nbsp;&nbsp;&nbsp; Leander Independent School District GO, 5.00%, 08/15/30 <br> (PSF)<br>| &nbsp;&nbsp;&nbsp; 30 | 33156 |
| &nbsp;&nbsp;&nbsp; Lewisville Independent School District GO, 5.00%, <br> 08/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 35 | 38769 |
| Lower Colorado River Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30 (AGM) | &nbsp;&nbsp;&nbsp; 160 | 175902 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 50 | 53546 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/34 | &nbsp;&nbsp;&nbsp; 120 | 127540 |
| &nbsp;&nbsp;&nbsp; North Texas Municipal Water District Upper East Fork <br> Wastewater Interceptor Sys RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/01/33 | &nbsp;&nbsp;&nbsp; 135 | 125563 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/01/34 | &nbsp;&nbsp;&nbsp; 125 | 113643 |
| &nbsp;&nbsp;&nbsp; North Texas Municipal Water District Water System <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 60 | 63250 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/31 | &nbsp;&nbsp;&nbsp; 175 | 182720 |
| North Texas Tollway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/01/30 (AGC)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 345 | 299860 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | &nbsp;&nbsp;&nbsp; 20 | 21011 |
| &nbsp;&nbsp;&nbsp; Northside Independent School District GO, 5.00%, <br> 08/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 130 | 144064 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** | **Texas (continued)** |
| &nbsp;&nbsp;&nbsp; Northwest Independent School District GO, 4.00%, <br> 02/15/34 (PSF)<br>| &nbsp;&nbsp;&nbsp; $100 | $101901 |
| &nbsp;&nbsp;&nbsp; Pasadena Independent School District GO, 5.00%, <br> 02/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 35 | 38484 |
| &nbsp;&nbsp;&nbsp; Permanent University Fund - University of Texas System <br> RB, 5.25%, 07/01/30<br>| &nbsp;&nbsp;&nbsp; 80 | 89516 |
| &nbsp;&nbsp;&nbsp; Pflugerville Independent School District GO, 5.00%, <br> 02/15/33 (PSF)<br>| &nbsp;&nbsp;&nbsp; 40 | 43127 |
| Plano Independent School District GO, 5.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 100 | 109948 |
| Prosper Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 (PSF) | &nbsp;&nbsp;&nbsp; 80 | 87783 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30 (PSF) | &nbsp;&nbsp;&nbsp; 60 | 63380 |
| &nbsp;&nbsp;&nbsp; Round Rock Independent School District GO, 5.00%, <br> 08/01/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 190 | 202549 |
| &nbsp;&nbsp;&nbsp; San Antonio Independent School District/Texas GO, <br> 5.00%, 08/15/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 220 | 243472 |
| San Antonio Water System RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 50 | 55135 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/32 | &nbsp;&nbsp;&nbsp; 75 | 81679 |
| &nbsp;&nbsp;&nbsp; Spring Branch Independent School District GO, 5.00%, <br> 02/01/30 (PSF)<br>| &nbsp;&nbsp;&nbsp; 90 | 98588 |
| Spring Independent School District GO, 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 195 | 214347 |
| Tarrant County College District GOL |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/33 | &nbsp;&nbsp;&nbsp; 90 | 92327 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/31 | &nbsp;&nbsp;&nbsp; 115 | 125750 |
| Tarrant Regional Water District RB, 4.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 80 | 83974 |
| Texas A&M University RB, 5.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 70 | 77292 |
| &nbsp;&nbsp;&nbsp; Texas Department of Transportation State Highway Fund <br> RB, 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 160 | 177706 |
| Texas State University System RB, 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 65 | 69860 |
| Texas Transportation Commission GO, 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 100 | 110093 |
| Texas Water Development Board RB, 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 155 | 167428 |
| &nbsp;&nbsp;&nbsp; Trinity River Authority Central Regional Wastewater <br> System Revenue RB, 5.00%, 08/01/30<br>| &nbsp;&nbsp;&nbsp; 50 | 54205 |
| &nbsp;&nbsp;&nbsp; Trinity River Authority Denton Creek Wastewater <br> Treatment System Revenue RB, 5.00%, 02/01/31<br>| &nbsp;&nbsp;&nbsp; 100 | 108589 |
| University of North Texas System RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/30 | &nbsp;&nbsp;&nbsp; 20 | 22031 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/31 | &nbsp;&nbsp;&nbsp; 55 | 60145 |
| &nbsp;&nbsp;&nbsp; Wylie Independent School District GO, 4.00%, 08/15/32 <br> (PSF)<br>| &nbsp;&nbsp;&nbsp; 25 | 25971 |
|  |  | 11774784 |
| **Utah — 1.2%** | **Utah — 1.2%** | **Utah — 1.2%** |
| &nbsp;&nbsp;&nbsp; County of Utah UT Transportation Sales Tax Revenue RB, <br> 5.00%, 12/01/30<br>| &nbsp;&nbsp;&nbsp; 50 | 54642 |
| Intermountain Power Agency RB, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 150 | 163872 |
| &nbsp;&nbsp;&nbsp; Nebo School District Local Building Authority RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 115 | 126853 |
| University of Utah (The) RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 130 | 144198 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/32 | &nbsp;&nbsp;&nbsp; 120 | 130301 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/34 | &nbsp;&nbsp;&nbsp; 70 | 75007 |
| &nbsp;&nbsp;&nbsp; Utah State Building Ownership Authority RB, 5.00%, <br> 05/15/30<br>| &nbsp;&nbsp;&nbsp; 350 | 386274 |
|  |  | 1081147 |
| **Vermont — 0.1%** | **Vermont — 0.1%** | **Vermont — 0.1%** |
| State of Vermont GO, 4.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 55 | 58318 |
| &nbsp;&nbsp;&nbsp; University of Vermont and State Agricultural College RB, <br> 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 30 | 32543 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Vermont (continued)** | **Vermont (continued)** | **Vermont (continued)** |
| Vermont Municipal Bond Bank RB, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; $20 | $22252 |
|  |  | 113113 |
| **Virginia — 2.3%** | **Virginia — 2.3%** | **Virginia — 2.3%** |
| City of Alexandria Virginia GO, 5.00%, 07/15/30 (SAW) | &nbsp;&nbsp;&nbsp; 75 | 83691 |
| City of Richmond Virginia GO, 3.00%, 07/15/33 | &nbsp;&nbsp;&nbsp; 35 | 33425 |
| &nbsp;&nbsp;&nbsp; City of Virginia Beach Virginia Storm Water Utility <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/15/32 | &nbsp;&nbsp;&nbsp; 55 | 53527 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/15/33 | &nbsp;&nbsp;&nbsp; 60 | 57353 |
| County of Arlington Virginia GO, 5.00%, 08/15/30 | &nbsp;&nbsp;&nbsp; 15 | 16053 |
| County of Loudoun Virginia GO |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/01/32 (SAW) | &nbsp;&nbsp;&nbsp; 120 | 114828 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 (SAW) | &nbsp;&nbsp;&nbsp; 90 | 100608 |
| Fairfax County Water Authority RB, 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 15 | 16285 |
| &nbsp;&nbsp;&nbsp; Hampton Roads Transportation Accountability Commission <br> RB, 5.00%, 07/01/33<br>| &nbsp;&nbsp;&nbsp; 175 | 189836 |
| &nbsp;&nbsp;&nbsp; Virginia Beach Development Authority RB, 4.00%, <br> 04/15/32<br>| &nbsp;&nbsp;&nbsp; 225 | 234796 |
| Virginia College Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 275 | 302588 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/31 | &nbsp;&nbsp;&nbsp; 195 | 212531 |
| Virginia Commonwealth Transportation Board RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/34 | &nbsp;&nbsp;&nbsp; 65 | 66773 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/33 | &nbsp;&nbsp;&nbsp; 90 | 98186 |
| Virginia Public Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 (ETM) | &nbsp;&nbsp;&nbsp; 25 | 27543 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 120 | 130198 |
| &nbsp;&nbsp;&nbsp; Virginia Public School Authority RB, 4.00%, 10/01/30 <br> (SAW)<br>| &nbsp;&nbsp;&nbsp; 330 | 351522 |
| &nbsp;&nbsp;&nbsp; Virginia Resources Authority Clean Water Revolving Fund <br> RB, 3.00%, 10/01/34<br>| &nbsp;&nbsp;&nbsp; 25 | 23618 |
| Virginia Resources Authority RB, 5.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 45 | 50304 |
|  |  | 2163665 |
| **Washington — 4.4%** | **Washington — 4.4%** | **Washington — 4.4%** |
| &nbsp;&nbsp;&nbsp; City of Seattle WA Municipal Light & Power Revenue RB, <br> 5.00%, 10/01/30<br>| &nbsp;&nbsp;&nbsp; 100 | 111219 |
| &nbsp;&nbsp;&nbsp; City of Seattle Washington Drainage & Wastewater <br> Revenue RB, 4.00%, 09/01/30<br>| &nbsp;&nbsp;&nbsp; 230 | 244474 |
| &nbsp;&nbsp;&nbsp; City of Seattle Washington GOL, Series A, 5.00%, <br> 12/01/30<br>| &nbsp;&nbsp;&nbsp; 195 | 217881 |
| &nbsp;&nbsp;&nbsp; City of Seattle Washington Municipal Light & Power <br> Revenue RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/31 | &nbsp;&nbsp;&nbsp; 140 | 146671 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 145 | 159986 |
| &nbsp;&nbsp;&nbsp; City of Tacoma WA Electric System Revenue RB, 5.00%, <br> 01/01/30<br>| &nbsp;&nbsp;&nbsp; 45 | 49413 |
| City of Tacoma Washington GOL, 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 80 | 89134 |
| &nbsp;&nbsp;&nbsp; City of Tacoma Washington Sewer Revenue RB, 5.00%, <br> 12/01/30<br>| &nbsp;&nbsp;&nbsp; 100 | 111313 |
| &nbsp;&nbsp;&nbsp; Clark County Public Utility District No. 1 Water Revenue <br> RB, 5.00%, 01/01/30<br>| &nbsp;&nbsp;&nbsp; 60 | 65884 |
| Clark County School District No. 114 Evergreen GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/33 (GTD) | &nbsp;&nbsp;&nbsp; 45 | 46158 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 80 | 88102 |
| County of King Washington GOL |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 70 | 77798 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 25 | 27973 |
| &nbsp;&nbsp;&nbsp; County of King Washington Sewer Revenue RB, 4.00%, <br> 01/01/32<br>| &nbsp;&nbsp;&nbsp; 75 | 77523 |
| County of Pierce WA GOL, 5.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 70 | 76019 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Washington (continued)** | **Washington (continued)** | **Washington (continued)** |
| County of Snohomish Washington GOL |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; $100 | $104587 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 15 | 16697 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 60 | 66020 |
| Energy Northwest RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 240 | 254338 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 230 | 249063 |
| &nbsp;&nbsp;&nbsp; Grant County Public Utility District No. 2 Priest Rapids <br> Hydroelectric Project RB, 5.00%, 01/01/30<br>| &nbsp;&nbsp;&nbsp; 45 | 49413 |
| &nbsp;&nbsp;&nbsp; King County School District No 403 Renton GO, 5.00%, <br> 12/01/30 (GTD)<br>| &nbsp;&nbsp;&nbsp; 55 | 60122 |
| &nbsp;&nbsp;&nbsp; King County School District No. 210 Federal Way GO, <br> 4.00%, 12/01/30 (GTD)<br>| &nbsp;&nbsp;&nbsp; 120 | 125481 |
| &nbsp;&nbsp;&nbsp; King County School District No. 405 Bellevue GO, 5.00%, <br> 12/01/30 (GTD)<br>| &nbsp;&nbsp;&nbsp; 60 | 66945 |
| &nbsp;&nbsp;&nbsp; Pierce County School District No 10 Tacoma GO, 4.00%, <br> 12/01/33 (GTD)<br>| &nbsp;&nbsp;&nbsp; 30 | 30938 |
| &nbsp;&nbsp;&nbsp; Pierce County School District No 403 Bethel GO, 5.00%, <br> 12/01/30 (GTD)<br>| &nbsp;&nbsp;&nbsp; 55 | 59477 |
| Pierce County School District No. 10 Tacoma GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/34 (GTD) | &nbsp;&nbsp;&nbsp; 50 | 51111 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 110 | 122444 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 (GTD) | &nbsp;&nbsp;&nbsp; 210 | 233757 |
| &nbsp;&nbsp;&nbsp; Pierce County School District No. 403 Bethel GO, 4.00%, <br> 12/01/30 (GTD)<br>| &nbsp;&nbsp;&nbsp; 50 | 52807 |
| Port of Seattle Washington RB, 5.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 100 | 109977 |
| State of Washington GO |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 06/01/30 (NPFGC)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 121284 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 20 | 22124 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/31 | &nbsp;&nbsp;&nbsp; 255 | 278758 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/33 | &nbsp;&nbsp;&nbsp; 40 | 43236 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/33 | &nbsp;&nbsp;&nbsp; 75 | 81157 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/34 | &nbsp;&nbsp;&nbsp; 110 | 118066 |
| University of Washington RB, 5.00%, 04/01/32 | &nbsp;&nbsp;&nbsp; 150 | 163026 |
|  |  | 4070376 |
| **West Virginia — 0.2%** | **West Virginia — 0.2%** | **West Virginia — 0.2%** |
| State of West Virginia GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 35 | 38734 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 130 | 140754 |
| West Virginia Parkways Authority RB, 5.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 20 | 22057 |
|  |  | 201545 |
| **Wisconsin — 1.4%** | **Wisconsin — 1.4%** | **Wisconsin — 1.4%** |
| City of Madison Wisconsin GO, 5.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 90 | 100098 |
| &nbsp;&nbsp;&nbsp; Green Bay Area Public School District GO, 5.00%, <br> 04/01/30<br>| &nbsp;&nbsp;&nbsp; 55 | 60551 |
| &nbsp;&nbsp;&nbsp; Milwaukee Metropolitan Sewerage District GO, 5.00%, <br> 10/01/32<br>| &nbsp;&nbsp;&nbsp; 120 | 131760 |
| &nbsp;&nbsp;&nbsp; State of Wisconsin Environmental Improvement Fund <br> Revenue RB, 4.00%, 06/01/32<br>| &nbsp;&nbsp;&nbsp; 315 | 329000 |
| State of Wisconsin GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 285 | 315021 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 95 | 103336 |
| &nbsp;&nbsp;&nbsp; Wisconsin Department of Transportation RB, 5.00%, <br> 07/01/30<br>| &nbsp;&nbsp;&nbsp; 250 | 278079 |
|  |  | 1317845 |
| **Total Long-Term Investments — 98.6%** <br>**(Cost: $90,304,516)** | **Total Long-Term Investments — 98.6%** <br>**(Cost: $90,304,516)** | 91265433 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** |
| BlackRock Liquidity Funds: MuniCash, 2.51%<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 588978 | $589037 |
| **Total Short-Term Securities — 0.6%** <br>**(Cost: $589,037)** | **Total Short-Term Securities — 0.6%** <br>**(Cost: $589,037)** | 589037 |
| **Total Investments — 99.2%** <br>**(Cost: $90,893,553)** | **Total Investments — 99.2%** <br>**(Cost: $90,893,553)** | 91854470 |
| **Other Assets Less Liabilities — 0.8%** | **Other Assets Less Liabilities — 0.8%** | 738980 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $92593450 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Zero-coupon bond. <br> <sup>(b)</sup> Affiliate of the Fund. <br> <sup>(c)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds: MuniCash | $112750<br> $476287 <br><sup>(a)</sup><br>| $— | $— | $— | $589037 | 588978 | $4569 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Debt Obligations | &nbsp;&nbsp; $— | &nbsp;&nbsp; $91265433 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $91265433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 589037 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 589037 |
|  | &nbsp;&nbsp; $589037 | &nbsp;&nbsp; $91265433 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $91854470 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® iBonds® Dec 2030 Term Muni Bond ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| AGC | Assured Guaranty Corp. |
| AGM | Assured Guaranty Municipal Corp. |
| AMBAC | Ambac Assurance Corp. |
| BAM | Build America Mutual Assurance Co. |
| COP | Certificates of Participation |
| ETM | Escrowed to Maturity |
| GO | General Obligation |
| GOL | General Obligation Limited |

---

---

| | |
|:---|:---|
| GTD | Guaranteed |
| NPFGC | National Public Finance Guarantee Corp. |
| PSF | Permanent School Fund |
| Q-SBLF | Qualified School Bond Loan Fund |
| RB | Revenue Bonds |
| SAW | State Aid Withholding |
| ST | Special Tax |
| TA | Tax Allocation |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

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

- **a. Name of Series:** iShares iBonds Dec 2030 Term Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000085095

- **c. LEI of Series:** 5299004CIPLI1WZXDX10

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $92900977.73

**Total Liabilities:** $307613.37

**Net Assets:** $92593364.36

**Delayed Delivery Securities:** $293799.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 161.23000000 | **5-Year:** 40545.41000000 | **10-Year:** 622.47000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 12.44000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249960 | 0.85%                | 1.08%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $412221.70                                 |
| Month 2  | $0.00                    | $666036.93                                 |
| Month 3  | $-0.01                   | $374091.29                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Athens-Clarke County Unified Government                                         | ATHENS-CLARKE CNTY GA UNIF GOVT                              | CUSIP: 047064BK5<br>LEI: 5493001N4P5TQ2L9ZO30 | Long             | DBT              | MUN               | US        |     45000 | PA      | $50209.12     | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UDP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $98185.72     | 0.11%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DZS4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $332036.01    | 0.36%             | 2064-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                               | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $89524.98     | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525T65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263489.86    | 0.28%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                              | LUBBOCK TX                                                   | CUSIP: 549188M80<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |     80000 | PA      | $87742.94     | 0.09%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045SN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66797.69     | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $98267.42     | 0.11%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Manatee FL Public Utilities Revenue                                   | MANATEE CNTY FL PUBLIC UTILITIES REVENUE                     | CUSIP: 561851KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44388.01     | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri/The                                      | CURATORS OF THE UNIV OF MISSOURI MO SYS FACS REVENUE         | CUSIP: 231266MV6<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |    130000 | PA      | $145127.83    | 0.16%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7E8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38110.70     | 0.04%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397Q74<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    175000 | PA      | $193840.76    | 0.21%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                            | VIRGINIA BEACH VA DEV AUTH FAC REVENUE                       | CUSIP: 92774GNJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $234796.39    | 0.25%             | 2032-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KLU1<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    310000 | PA      | $327652.95    | 0.35%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168HB3<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55534.71     | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                          | UNIV OF ILLINOIS IL REVENUES                                 | CUSIP: 9143533G0<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |     95000 | PA      | $103552.48    | 0.11%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                         | MARYLAND ST TRANSPRTN AUTH TRANSPRTN FACS PROJ REVENUE       | CUSIP: 574300MY2<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |    135000 | PA      | $149577.72    | 0.16%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193TE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $435081.01    | 0.47%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HCL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51425.87     | 0.06%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GF58<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    145000 | PA      | $155743.76    | 0.17%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aubrey Independent School District                                              | AUBREY TX INDEP SCH DIST                                     | CUSIP: 050195WD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $93612.97     | 0.10%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MNM4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110868.22    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                       | SPRING BRANCH TX INDEP SCH DIST                              | CUSIP: 849476VC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $98588.21     | 0.11%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Denton TX                                                               | DENTON TX                                                    | CUSIP: 248867FS7<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49194.45     | 0.05%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escondido Union High School District                                            | ESCONDIDO CA UNION HIGH SCH DIST                             | CUSIP: 296353KV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $69300.45     | 0.07%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                    | CUSIP: 45884AE41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163872.56    | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                                 | ALASKA ST                                                    | CUSIP: 0117705M2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $210269.98    | 0.23%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO                                        | CUSIP: 249164QG2<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $46597.34     | 0.05%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | UNIV OF CINCINNATI OH RECPTS                                 | CUSIP: 9141195L2<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27549.13     | 0.03%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County School District                                                    | HENRY CNTY GA SCH DIST                                       | CUSIP: 426362NJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21156.19     | 0.02%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063EHC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $529973.60    | 0.57%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RC46<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16715.80     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District Financing Authority                           | RIVERSIDE CA UNIF SCH DIST FING AUTH SPL TAX                 | CUSIP: 769066BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111773.37    | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XAT3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     55000 | PA      | $59588.24     | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C3M5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $249063.00    | 0.27%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST PARKS & RECREATION CAPITAL FACS                      | CUSIP: 67760AFS0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     85000 | PA      | $94526.50     | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VND6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $187054.37    | 0.20%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No 1                                      | NORTH CAROLINA ST MUNI PWR AGY #1 CATAWBA ELEC REVENUE       | CUSIP: 6582035K6<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131145.00    | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XTU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109323.28    | 0.12%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QPV6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     35000 | PA      | $37624.25     | 0.04%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Snohomish WA                                                          | SNOHOMISH CNTY WA                                            | CUSIP: 8330857B3<br>LEI: 254900GIDXGQFYCOA089 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104587.25    | 0.11%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                      | NEW ORLEANS LA AVIATION BRD SPL FAC REVENUE                  | CUSIP: 64763KAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122008.38    | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914F5T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54801.53     | 0.06%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418S53<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97235.63     | 0.11%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                          | CLARK CNTY NV ARPT REVENUE                                   | CUSIP: 18085PSH8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    180000 | PA      | $194645.74    | 0.21%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QZE3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    130000 | PA      | $144004.59    | 0.16%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523JD5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60876.56     | 0.07%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN FEDERAL HWY REIMBURSEMENT REVENUE  | CUSIP: 34160DAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $77151.31     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PRK1<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    120000 | PA      | $132896.22    | 0.14%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No 114 Evergreen                                   | CLARK CNTY WA SCH DIST #114 EVERGREEN                        | CUSIP: 181234R64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $88102.38     | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1J Portland                                 | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                      | CUSIP: 625517LC9<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |    350000 | PA      | $328408.50    | 0.35%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA Sewer Revenue                                                 | TACOMA WA SWR REVENUE                                        | CUSIP: 873545LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111312.69    | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430SM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83079.57     | 0.09%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99096.89     | 0.11%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sumner TN                                                             | SUMNER CNTY TN                                               | CUSIP: 866407Q44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62724.82     | 0.07%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 1994922Q1<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |    130000 | PA      | $144899.55    | 0.16%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                              | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304JM2<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    175000 | PA      | $148734.02    | 0.16%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417016Z4<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111574.76    | 0.12%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KKV0<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    135000 | PA      | $140831.58    | 0.15%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                           | HAMILTON CNTY TN                                             | CUSIP: 407325BD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $167265.65    | 0.18%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193RF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118959.34    | 0.13%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                    | AMERICAN MUNI PWR OH INC SOLAR ELECTRICITY PREPAYMENT        | CUSIP: 02765MAL6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    195000 | PA      | $208611.60    | 0.23%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Denton TX                                                               | DENTON TX                                                    | CUSIP: 248867BT9<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |    155000 | PA      | $147003.83    | 0.16%             | 2033-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Utah State Building Ownership Authority                                         | UTAH ST BLDG OWNERSHIP AUTH LEASE REVENUE                    | CUSIP: 917547G88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $386274.32    | 0.42%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Public Building Commission                                       | JOHNSON CNTY KS PUBLIC BLDG COMMISSION LEASE PURCHASE REVENU | CUSIP: 478497W30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55285.87     | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Snohomish WA                                                          | SNOHOMISH CNTY WA                                            | CUSIP: 833086EB3<br>LEI: 254900GIDXGQFYCOA089 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16696.90     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553L66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38733.99     | 0.04%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Williamson TX                                                         | WILLIAMSON CNTY TX                                           | CUSIP: 969888CS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $191859.31    | 0.21%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966Q5V8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    160000 | PA      | $177236.42    | 0.19%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MG60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $77392.62     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GHG0<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81679.50     | 0.09%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFJ2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    290000 | PA      | $310249.31    | 0.34%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356MZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56206.13     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                  | LAMAR TX CONSOL INDEP SCH DIST                               | CUSIP: 513174G22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164383.70    | 0.18%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183N60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75006.90     | 0.08%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MQ93<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16122.36     | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                      | PIERCE CNTY WA SCH DIST #10 TACOMA                           | CUSIP: 720424B82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30938.43     | 0.03%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Snohomish WA                                                          | SNOHOMISH CNTY WA                                            | CUSIP: 833086AK7<br>LEI: 254900GIDXGQFYCOA089 | Long             | DBT              | MUN               | US        |     60000 | PA      | $66019.70     | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                      | PIERCE CNTY WA SCH DIST #10 TACOMA                           | CUSIP: 720424B90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51110.96     | 0.06%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DUB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $151058.22    | 0.16%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168HD9<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38241.52     | 0.04%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 403 Renton                                       | KING CNTY WA SCH DIST #403 RENTON                            | CUSIP: 495080UZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60121.54     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193SG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71968.76     | 0.08%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YBD0<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    190000 | PA      | $209591.76    | 0.23%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Des Moines IA                                                           | DES MOINES IA                                                | CUSIP: 25009XQK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20664.59     | 0.02%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                              | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304YF0<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    160000 | PA      | $175472.82    | 0.19%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                         | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JHM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44161.69     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                             | PROSPER TX INDEP SCH DIST                                    | CUSIP: 743600X78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87782.91     | 0.09%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059R81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49609.71     | 0.05%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                        | SANTA CLARITA CA CMNTY CLG DIST                              | CUSIP: 801686JZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $99472.22     | 0.11%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445YR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112142.99    | 0.12%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593U42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $169808.93    | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA                                                               | TACOMA WA                                                    | CUSIP: 873465G69<br>LEI: 549300R2ZDWKQB6DIV86 | Long             | DBT              | MUN               | US        |     80000 | PA      | $89134.28     | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PS29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $231482.52    | 0.25%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No 62                                               | CLACKAMAS CNTY OR SCH DIST #62C OREGON CITY                  | CUSIP: 179162LD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $130389.84    | 0.14%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661ZG3<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     60000 | PA      | $63213.39     | 0.07%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama at Birmingham                                             | UNIV OF ALABAMA AT BIRMINGHAM GEN REVENUE                    | CUSIP: 914745GZ1<br>LEI: 5493002DHWB7OKWT0415 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33275.73     | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                  | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898VH7<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31495.13     | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 80 Chandler                          | MARICOPA CNTY AZ UNIF SCH DIST #80 CHANDLER                  | CUSIP: 567389YX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20627.08     | 0.02%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GHE5<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55134.74     | 0.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                               | PENNSYLVANIA ST UNIV                                         | CUSIP: 7092353P8<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    160000 | PA      | $177154.93    | 0.19%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068L8B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $282082.45    | 0.30%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $129116.54    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 812627KG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $217881.38    | 0.24%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Hawaii                                                            | UNIV OF HAWAII HI REVENUE                                    | CUSIP: 91428LPB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110817.36    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                          | FREDERICK CNTY MD                                            | CUSIP: 35569PGA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50235.49     | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FFK6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49472.06     | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K5Y4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    245000 | PA      | $260018.33    | 0.28%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grossmont-Cuyamaca Community College District                                   | GROSSMONT-CUYAMACA CA CMNTY CLG DIST                         | CUSIP: 399267DF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $12904.51     | 0.01%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HCM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79671.11     | 0.09%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | TEXAS ST TURNPIKE AUTH CENTRL TX TURNPIKE SYS REVENUE        | CUSIP: 882762AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $21327.38     | 0.02%             | 2030-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 5861452A1<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138120.29    | 0.15%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687MU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107567.25    | 0.12%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990ASU0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22060.52     | 0.02%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Water & Sewer System Revenue                                 | GARLAND TX WTR & SWR REVENUE                                 | CUSIP: 366168PL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26845.24     | 0.03%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                          | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION         | CUSIP: 409328AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $189836.38    | 0.21%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813XE4<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54030.56     | 0.06%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YAL3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    140000 | PA      | $150912.48    | 0.16%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN FING CORP REVENUE                  | CUSIP: 34160KBE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $96933.99     | 0.10%             | 2034-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                           | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 6678258K2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101901.39    | 0.11%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Conservancy District                                               | SOUTH DAKOTA ST CONSERVANCY DIST                             | CUSIP: 837545NM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72255.83     | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193TG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119460.55    | 0.13%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                          | NEW ORLEANS LA                                               | CUSIP: 64763FYS2<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27516.44     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430VP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $181387.22    | 0.20%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                         | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794B50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116088.93    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Des Moines IA                                                           | DES MOINES IA                                                | CUSIP: 25009XSL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $114703.53    | 0.12%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | LOUISIANA ST GAS & FUELS TAX REVENUE                         | CUSIP: 546475WD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $126107.05    | 0.14%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 79623PPM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131818.26    | 0.14%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                          | ALLEGHENY CNTY PA                                            | CUSIP: 01728VXB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49831.37     | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PH6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    110000 | PA      | $119648.94    | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Independent School District No 12 Edmond                        | OKLAHOMA CNTY OK INDEP SCH DIST #12 EDMOND                   | CUSIP: 678739XJ7<br>LEI: 549300D457E3EZ9CP720 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210044.94    | 0.23%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AUE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $89158.93     | 0.10%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BT2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     90000 | PA      | $97993.25     | 0.11%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                              | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727H25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119828.31    | 0.13%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN FING CORP REVENUE                  | CUSIP: 34160KBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $169314.43    | 0.18%             | 2033-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151F3U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121675.61    | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 9771234P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $194655.42    | 0.21%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AY43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27658.80     | 0.03%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Green Bay Area Public School District                                           | GREEN BAY WI AREA PUBLIC SCH DIST                            | CUSIP: 392643WF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60551.41     | 0.07%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974AZJ6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    115000 | PA      | $99626.04     | 0.11%             | 2030-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465QNQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $283970.81    | 0.31%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Denton Creek Wastewater Treatment System Revenue        | TRINITY RIVER TX AUTH DENTON CREEK WSTWTR REVENUE            | CUSIP: 896564XM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108589.13    | 0.12%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 210 Federal Way                                  | KING CNTY WA SCH DIST #210 FEDERAL WAY                       | CUSIP: 494890D52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $125481.49    | 0.14%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TKR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $114828.26    | 0.12%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | MICHIGAN ST TRUNK LINE                                       | CUSIP: 594695Z50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $432511.45    | 0.47%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Palo Alto CA                                                            | PALO ALTO CA COPS                                            | CUSIP: 697364FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39165.58     | 0.04%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028WQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55064.88     | 0.06%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                            | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE    | CUSIP: 606092PS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $249665.53    | 0.27%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                              | HOUSTON TX                                                   | CUSIP: 442332CT7<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32788.21     | 0.04%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C5B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $254337.60    | 0.27%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641462HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33205.40     | 0.04%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RTM8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    180000 | PA      | $200589.64    | 0.22%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063EAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22337.11     | 0.02%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH STHRN TRANSMISSION SYSTE | CUSIP: 842469BR8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     80000 | PA      | $87676.06     | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PGX2<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16600.28     | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Karegnondi Water Authority                                                      | KAREGNONDI WTR AUTH MI                                       | CUSIP: 48563UCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $143775.15    | 0.16%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MD44<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    225000 | PA      | $248722.43    | 0.27%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ball State University                                                           | BALL IN ST UNIV UNIV REVENUE                                 | CUSIP: 058508LL4<br>LEI: 549300PJHK1SF4O5E481 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44047.79     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845MT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83181.17     | 0.09%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PQP1<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |     80000 | PA      | $88597.48     | 0.10%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UDS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66772.47     | 0.07%             | 2034-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VWS9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108686.01    | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 5920982D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105253.07    | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ATJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54975.44     | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                           | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $146785.53    | 0.16%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                        | OKLAHOMA CITY OK                                             | CUSIP: 678519K32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64629.98     | 0.07%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VMN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115533.58    | 0.12%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                | PLANO TX                                                     | CUSIP: 727177ZJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124966.86    | 0.13%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys | N TEXAS ST MUNI WTR DIST UPPER EFORK WSTWTR INTERCPT         | CUSIP: 662842SB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $113642.76    | 0.12%             | 2034-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT Transportation Sales Tax Revenue                              | UTAH CNTY UT TRANSPRTN SALES TAX REVENUE                     | CUSIP: 91739RCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54641.73     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153HA0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    165000 | PA      | $178567.36    | 0.19%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914P4Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105508.40    | 0.11%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DTG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $120155.59    | 0.13%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204Q63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $280005.80    | 0.30%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350366B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65843.22     | 0.07%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417018A7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |     45000 | PA      | $50078.79     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Alexandria VA                                                           | ALEXANDRIA VA                                                | CUSIP: 0153027L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83690.57     | 0.09%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589TKP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100608.16    | 0.11%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168FK5<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |     60000 | PA      | $63530.57     | 0.07%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Side Union High School District                                            | EAST SIDE CA UNION HIGH SCH DIST SANTA CLARA CNTY            | CUSIP: 275282TE1<br>LEI: 549300FHNKBG2V8ZLG85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111510.43    | 0.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AD34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100275.03    | 0.11%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Water Authority                                                  | FAIRFAX CNTY VA WTR AUTH WTR REVENUE                         | CUSIP: 303891F42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16285.30     | 0.02%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage AK                                                    | ANCHORAGE AK                                                 | CUSIP: 033162FS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $142941.73    | 0.15%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059S23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67121.35     | 0.07%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686Z70<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |     80000 | PA      | $82613.96     | 0.09%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038GE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $90907.26     | 0.10%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523FJ6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49808.10     | 0.05%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137KN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $127530.03    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Parkways Authority                                                | WEST VIRGINIA ST PARKWAYS AUTH TURNPIKE TOLL REVENUE         | CUSIP: 956510BJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22057.27     | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                      | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560VT5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |     60000 | PA      | $66693.10     | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XSJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54685.18     | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RY52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $104895.34    | 0.11%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                       | OHIO ST UNIV                                                 | CUSIP: 677632K75<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111423.90    | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TN                                                         | MONTGOMERY CNTY TN                                           | CUSIP: 61366AKR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32621.94     | 0.04%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507NF3<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |     90000 | PA      | $100518.61    | 0.11%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VJK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $212530.91    | 0.23%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST PARKS & RECREATION CAPITAL FACS                      | CUSIP: 67760AFE1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     85000 | PA      | $94526.50     | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333NP64<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72162.59     | 0.08%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                               | DALLAS TX                                                    | CUSIP: 235219PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134272.08    | 0.15%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444955S9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21084.66     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                   | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BEF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432841.04    | 0.47%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521522N0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104977.55    | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                        | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $422626.96    | 0.46%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845NY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49908.70     | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843UF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38838.64     | 0.04%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority State Revolving Fund                      | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE         | CUSIP: 604115DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $160654.77    | 0.17%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EEY5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    230000 | PA      | $249612.51    | 0.27%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 403 Bethel                                     | PIERCE CNTY WA SCH DIST #403 BETHEL                          | CUSIP: 720611ZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52807.00     | 0.06%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BUP4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53545.68     | 0.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HF80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26654.50     | 0.03%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116077.21    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys | N TEXAS ST MUNI WTR DIST UPPER EFORK WSTWTR INTERCPT         | CUSIP: 662842SA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $125563.51    | 0.14%             | 2033-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EDF0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22124.14     | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH GRANT ANTICIPATION BONDS          | CUSIP: 246419BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263714.83    | 0.28%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grossmont Union High School District                                            | GROSSMONT CA UNION HIGH SCH DIST                             | CUSIP: 399262EF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $128158.67    | 0.14%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Pledged Excise Tax Revenue                           | DENVER CO CITY & CNTY DEDICATED TAX REVENUE                  | CUSIP: 24917DCB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22133.68     | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                   | SAN JOSE CA EVERGREEN CMNTY CLG DIST                         | CUSIP: 798189FR2<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |     65000 | PA      | $56502.05     | 0.06%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HGS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83674.47     | 0.09%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355L85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $17300.04     | 0.02%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RJ98<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60143.18     | 0.06%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381PR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $124448.41    | 0.13%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SDB6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     45000 | PA      | $50076.88     | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225GS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    280000 | PA      | $310061.86    | 0.33%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367U9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    290000 | PA      | $318803.87    | 0.34%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                          | ARLINGTON CNTY VA                                            | CUSIP: 041431SU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16052.75     | 0.02%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227VA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108930.07    | 0.12%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XTW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $311157.56    | 0.34%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Orange FL Water Utility System Revenue                                | ORANGE CNTY FL WTR & WSTWTR REVENUE                          | CUSIP: 684554FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16722.10     | 0.02%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145Z23<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55630.08     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                          | UNIV OF COLORADO CO ENTERPRISE SYS REVENUE                   | CUSIP: 91417NJZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44269.62     | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BV7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35319.54     | 0.04%             | 2034-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH GRANT ANTICIPATION BONDS          | CUSIP: 246419BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $132859.28    | 0.14%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KHU6<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     90000 | PA      | $98286.49     | 0.11%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308K51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110132.90    | 0.12%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                | KATY TX INDEP SCH DIST                                       | CUSIP: 486063C40<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |     85000 | PA      | $93536.47     | 0.10%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 48 Scottsdale                        | MARICOPA CNTY AZ UNIF SCH DIST #48 SCOTTSDALE                | CUSIP: 567288VR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77251.21     | 0.08%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333NX24<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49523.69     | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                               | DALLAS TX                                                    | CUSIP: 235219YC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54839.34     | 0.06%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                         | MAINE ST GOVTL FACS AUTH                                     | CUSIP: 56041MYA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83018.33     | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MMC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    140000 | PA      | $155215.51    | 0.17%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pierce WA                                                             | PIERCE CNTY WA                                               | CUSIP: 720356H31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $76018.85     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                             | LOUISVILLE & JEFFERSON CNTY KY MET GOVT                      | CUSIP: 546585WW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55423.46     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MSY2<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     60000 | PA      | $66297.74     | 0.07%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 8371516B0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    110000 | PA      | $121021.85    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage AK                                                    | ANCHORAGE AK                                                 | CUSIP: 033162HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55258.01     | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KTC3<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38869.77     | 0.04%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818PVT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $50304.14     | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039YP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $481349.96    | 0.52%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112993.04    | 0.12%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                        | MAINE ST TURNPIKE AUTH                                       | CUSIP: 560551RJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71920.45     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BVR9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    120000 | PA      | $127539.68    | 0.14%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593N81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $181187.45    | 0.20%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55712.08     | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                         | JACKSONVILLE FL SPL REVENUE                                  | CUSIP: 469487VN9<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |    265000 | PA      | $293396.66    | 0.32%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                      | PIERCE CNTY WA SCH DIST #10 TACOMA                           | CUSIP: 720424E55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122443.96    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WXQ4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21010.56     | 0.02%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                       | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712WV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71717.82     | 0.08%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473103K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116128.18    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PG8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    335000 | PA      | $367119.06    | 0.40%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525ZQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $175186.16    | 0.19%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XPG1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44270.19     | 0.05%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WV43<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47925.27     | 0.05%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581NN3<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33132.14     | 0.04%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140JM6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    155000 | PA      | $169522.91    | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FWU8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    135000 | PA      | $143337.63    | 0.15%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582R2M7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16675.25     | 0.02%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                              | OKLAHOMA ST MUNI PWR AUTH                                    | CUSIP: 67910HQX1<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32734.05     | 0.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Santiago Community College District                                      | RANCHO SANTIAGO CA CMNTY CLG DIST                            | CUSIP: 752147FL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $550779.90    | 0.59%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PR95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $150277.74    | 0.16%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602NF82<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    290000 | PA      | $245459.57    | 0.27%             | 2030-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                           | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736Y35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65408.94     | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                             | HAWAII CNTY HI                                               | CUSIP: 419722Y49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99385.77     | 0.11%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District                                                 | TARRANT TX REGL WTR DIST WTR TRANSMISSION FACS CONTRACT REV  | CUSIP: 876448FB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83973.68     | 0.09%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KRU5<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    170000 | PA      | $188471.03    | 0.20%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841XM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33156.09     | 0.04%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $93230.45     | 0.10%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507JR2<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    225000 | PA      | $249307.16    | 0.27%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581NQ6<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    150000 | PA      | $163617.83    | 0.18%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33186.53     | 0.04%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GBL6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    105000 | PA      | $111052.95    | 0.12%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385GU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $114238.37    | 0.12%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Income Tax Revenue                                         | CLEVELAND OH INCOME TAX REVENUE                              | CUSIP: 186387XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67954.58     | 0.07%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA Electric System Revenue                                       | TACOMA WA ELEC SYS REVENUE                                   | CUSIP: 873519QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49412.91     | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742C21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41406.43     | 0.04%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue      | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HHA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61962.86     | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                               | PURDUE UNIV IN UNIV REVENUES                                 | CUSIP: 746189ZE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99109.46     | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FD93<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    315000 | PA      | $348690.64    | 0.38%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount San Jacinto Community College District                                    | MOUNT SAN JACINTO CA CMNTY CLG DIST                          | CUSIP: 623053CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50164.93     | 0.05%             | 2030-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262075Q3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     95000 | PA      | $103086.41    | 0.11%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 184541GQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16499.69     | 0.02%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 9771232A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83423.75     | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428H25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119885.99    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356EC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112412.26    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16323.78     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                             | COOK CNTY IL SALES TAX REVENUE                               | CUSIP: 213248ED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65886.03     | 0.07%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582R7H3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44467.32     | 0.05%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                     | KENTUCKY ST TURNPIKE AUTH ECON DEV ROAD REVENUE              | CUSIP: 491552W68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $281421.47    | 0.30%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687FD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48011.22     | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                | CUSIP: 67766WYR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38436.90     | 0.04%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308N25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $176212.64    | 0.19%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                              | CHICAGO IL                                                   | CUSIP: 167486G45<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    140000 | PA      | $147172.58    | 0.16%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                       | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $200829.91    | 0.22%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848E82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92031.32     | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $230164.26    | 0.25%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $138979.06    | 0.15%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108038.48    | 0.12%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114652.96    | 0.12%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151ZH5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71512.91     | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758G31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $238681.54    | 0.26%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                              | SPRING TX INDEP SCH DIST                                     | CUSIP: 850001BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87937.30     | 0.09%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848S38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72342.46     | 0.08%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KMT3<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52965.44     | 0.06%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QPT1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    585000 | PA      | $639505.33    | 0.69%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FC40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133268.54    | 0.14%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58567.70     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FH84<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55708.93     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135022.34    | 0.15%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845LG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138635.29    | 0.15%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 5918522H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $159678.38    | 0.17%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RG67<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    115000 | PA      | $117427.89    | 0.13%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Electric System Revenue                                      | MEMPHIS TN ELEC SYS REVENUE                                  | CUSIP: 586158QS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122328.42    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990C8E4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69143.91     | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065C44<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    185000 | PA      | $199865.49    | 0.22%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County College District                                                 | TARRANT CNTY TX CLG DIST                                     | CUSIP: 87638KCA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $125749.60    | 0.14%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                          | NEW ORLEANS LA                                               | CUSIP: 64763FYT0<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |    240000 | PA      | $262070.88    | 0.28%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240NC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $202549.22    | 0.22%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 61334PFK4<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    130000 | PA      | $144841.71    | 0.16%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183N45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $130300.86    | 0.14%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                          | GEORGIA ST ROAD & TOLLWAY AUTH FEDERAL HIGHWAY REIMBURSEMENT | CUSIP: 373376DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $93091.96     | 0.10%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                          | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707XG3<br>LEI: 549300MAE3RAIIEIQV71 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68721.90     | 0.07%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098U70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54949.98     | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH LEASE REVENUE                     | CUSIP: 13059RBP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78704.63     | 0.09%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 8828543E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $167427.53    | 0.18%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                | CUSIP: 67766WYV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $156952.68    | 0.17%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AJU0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    285000 | PA      | $301063.08    | 0.33%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $271875.90    | 0.29%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha School District                                                           | DOUGLAS CNTY NE SCH DIST #1                                  | CUSIP: 259291QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36269.30     | 0.04%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA Storm Water Utility Revenue                           | VIRGINIA BEACH VA STORM WTR UTILITY REVENUE                  | CUSIP: 927747EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $53527.38     | 0.06%             | 2032-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W6J8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168278.63    | 0.18%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCP6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    355000 | PA      | $374335.68    | 0.40%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washoe County School District/NV                                                | WASHOE CNTY NV SCH DIST                                      | CUSIP: 940859DY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $189742.00    | 0.20%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RA44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121900.04    | 0.13%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AL76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27829.34     | 0.03%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428K70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $183665.37    | 0.20%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC Combined Enterprise System Revenue                           | RALEIGH NC COMB ENTERPRISE SYS REVENUE                       | CUSIP: 751100MY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61391.88     | 0.07%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CDD7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    140000 | PA      | $153905.32    | 0.17%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MWD3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     95000 | PA      | $103336.38    | 0.11%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                       | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                  | CUSIP: 567505RX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83387.10     | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                            | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036RH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66453.15     | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $187820.26    | 0.20%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Vermont                                                                | VERMONT ST                                                   | CUSIP: 9242585M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58318.13     | 0.06%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553F55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $140753.78    | 0.15%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AVD4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    130000 | PA      | $143944.41    | 0.16%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HZN9<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174869.74    | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                    | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UQZ0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218909.92    | 0.24%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RES BRD ST LOAN PROGRAM REVENUE              | CUSIP: 67920QZ50<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    155000 | PA      | $172795.05    | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893L41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54470.15     | 0.06%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BNT1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    185000 | PA      | $201482.32    | 0.22%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675937S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109554.15    | 0.12%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AE69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44324.92     | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO                                        | CUSIP: 249164PY4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     85000 | PA      | $92451.02     | 0.10%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                     | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111B37<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    180000 | PA      | $197503.11    | 0.21%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                              | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727C87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $125275.05    | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage AK                                                    | ANCHORAGE AK                                                 | CUSIP: 033162FW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $225521.58    | 0.24%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971X4S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $528084.91    | 0.57%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444957G3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    105000 | PA      | $111938.17    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                          | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 915115Y37<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |     80000 | PA      | $89515.86     | 0.10%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | CLEVELAND OH                                                 | CUSIP: 186343U31<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131143.73    | 0.14%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DWT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $355072.32    | 0.38%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC                                                              | RALEIGH NC LTD OBLIG                                         | CUSIP: 751120FX9<br>LEI: 549300I7RPBIIRI16112 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138960.11    | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Madison WI                                                              | MADISON WI                                                   | CUSIP: 55844RYB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55609.57     | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico State University                                                     | NEW MEXICO ST UNIV                                           | CUSIP: 6474293Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158724.45    | 0.17%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DWS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $805716.29    | 0.87%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project   | GRANT CNTY WA PUBLIC UTIL DIST #2 PRIEST RAPIDS HYDRO ELEC R | CUSIP: 387883B83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49412.91     | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424TQ8<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111022.73    | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                     | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480LH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108225.17    | 0.12%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV Gas Tax Revenue                                             | WASHOE CNTY NV HIGHWAY REVENUE                               | CUSIP: 940839CS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16135.40     | 0.02%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827H33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43786.74     | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521523C3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104977.55    | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HJV9<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |     65000 | PA      | $71757.28     | 0.08%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Maui HI                                                               | MAUI CNTY HI                                                 | CUSIP: 5772857A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272085.90    | 0.29%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FX47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $193463.83    | 0.21%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Del Valle Independent School District TX                                        | DEL VALLE TX INDEP SCH DIST                                  | CUSIP: 245505XZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82723.01     | 0.09%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                       | OHIO ST UNIV                                                 | CUSIP: 677632L82<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22284.78     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281725M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $130197.91    | 0.14%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                          | UNIV OF MICHIGAN MI                                          | CUSIP: 914455TT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69962.93     | 0.08%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Simi Valley Unified School District                                             | SIMI VLY CA UNIF SCH DIST                                    | CUSIP: 828641UF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $329664.25    | 0.36%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority Clean Water Revolving Fund                         | VIRGINIA ST RESOURCES AUTH CLEAN WTR REVENUE                 | CUSIP: 92817LSG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23617.60     | 0.03%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QGW4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    160000 | PA      | $177236.42    | 0.19%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 414005N53<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     60000 | PA      | $66577.08     | 0.07%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                            | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE                    | CUSIP: 153476GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121771.13    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KKW8<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123914.10    | 0.13%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643YK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $159985.65    | 0.17%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063D5N4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100517.01    | 0.11%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                      | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560UX7<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99992.45     | 0.11%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073X0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106678.86    | 0.12%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Unified School District                                           | SAN FRANCISCO CITY & CNTY CA UNIF SCH DIST                   | CUSIP: 79771TPR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82943.60     | 0.09%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FZJ6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    185000 | PA      | $204418.54    | 0.22%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137GS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52229.69     | 0.06%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XPZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $149184.52    | 0.16%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227UF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $103483.57    | 0.11%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DKZ7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     25000 | PA      | $28024.18     | 0.03%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966Q2H2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60925.02     | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                        | ARLINGTON TX INDEP SCH DIST                                  | CUSIP: 0418268F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $275557.43    | 0.30%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Municipal Bond Bank                                                     | VERMONT MUN BD BK                                            | CUSIP: 924215BD7<br>LEI: 54930081EMY8D1GYM846 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22252.03     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                       | UNIV OF CONNECTICUT CT                                       | CUSIP: 914233X97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65971.81     | 0.07%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691DE7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    125000 | PA      | $134350.90    | 0.15%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417KG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55611.93     | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RPV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $294788.48    | 0.32%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                                          | UNIV OF ARKANSAS AR UNIV REVENUE                             | CUSIP: 914073KA8<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |     70000 | PA      | $77746.45     | 0.08%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268DC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111016.95    | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106298.68    | 0.11%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pflugerville Independent School District                                        | PFLUGERVILLE TX INDEP SCH DIST                               | CUSIP: 7170957V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43127.28     | 0.05%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | SAN FRANCISCO CITY & CNTY CA                                 | CUSIP: 7976467R1<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    285000 | PA      | $265816.79    | 0.29%             | 2030-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Irving TX                                                               | IRVING TX                                                    | CUSIP: 463778FP0<br>LEI: 5493002R7BX8XPQ92O37 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16651.66     | 0.02%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81361.31     | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FA39<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10993.79     | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523CA8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49691.70     | 0.05%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                      | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560VX6<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49996.22     | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                              | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304VB2<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55383.08     | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebo School District Local Building Authority                                   | NEBO UT SCH DIST LOCAL BLDG AUTH LEASE REVENUE               | CUSIP: 639558AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $126853.46    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wylie Independent School District                                               | WYLIE TX INDEP SCH DIST                                      | CUSIP: 9830686H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25971.00     | 0.03%             | 2032-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QMJ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111388.72    | 0.12%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 34115PAJ4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     55000 | PA      | $61126.76     | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990G5W8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    255000 | PA      | $278095.12    | 0.30%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028YG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $231272.50    | 0.25%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                   | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BEW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107345.97    | 0.12%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $154111.23    | 0.17%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643UQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $146671.24    | 0.16%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99494.75     | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EKB1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    110000 | PA      | $118065.71    | 0.13%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Flood Control District                                            | HARRIS CNTY TX FLOOD CONTROL DIST                            | CUSIP: 4140187S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $457104.98    | 0.49%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A4M6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110635.20    | 0.12%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990KEE9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    140000 | PA      | $154695.11    | 0.17%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                               | REGL TRANSPRTN AUTH IL                                       | CUSIP: 759911TS9<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |    325000 | PA      | $372384.68    | 0.40%             | 2030-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chippewa Valley Schools                                                         | CHIPPEWA VLY MI SCHS                                         | CUSIP: 170016B81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21576.42     | 0.02%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garland Independent School District                                             | GARLAND TX INDEP SCH DIST                                    | CUSIP: 366155Y78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263995.08    | 0.29%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Union High School District                                            | JEFFERSON CA UNION HIGH SCH DIST SAN MATEO CNTY              | CUSIP: 4724667G0<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |    150000 | PA      | $168464.72    | 0.18%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946953K2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55759.95     | 0.06%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521526U0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54056.37     | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WBV7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    345000 | PA      | $299860.27    | 0.32%             | 2030-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RVL7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    175000 | PA      | $188876.73    | 0.20%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397TL0<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     55000 | PA      | $59464.16     | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365X4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $260292.09    | 0.28%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                       | LOS ANGELES CA MUNI IMPT CORPLEASE REVENUE                   | CUSIP: 5445873R7<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    155000 | PA      | $173350.57    | 0.19%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QHA1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    235000 | PA      | $250586.12    | 0.27%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P5S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55630.10     | 0.06%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GRN7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    105000 | PA      | $113478.48    | 0.12%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Worth Independent School District                                          | FORT WORTH TX INDEP SCH DIST                                 | CUSIP: 349461CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55111.49     | 0.06%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EDJ2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43235.64     | 0.05%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Sanitary Sewerage System Revenue                             | MEMPHIS TN SANTN SWR SYS REVENUE                             | CUSIP: 586200SM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119533.70    | 0.13%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227RQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $142108.49    | 0.15%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038EM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $47618.09     | 0.05%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                  | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LDW1<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    310000 | PA      | $265589.90    | 0.29%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 52882PFR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38768.98     | 0.04%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112XH4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    235000 | PA      | $258663.44    | 0.28%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XZD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94499.40     | 0.10%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                      | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269H50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $243472.11    | 0.26%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County Water Reclamation District                                         | CLARK CNTY NV WTR RECLAMATION DIST                           | CUSIP: 181070FG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $155109.79    | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                                | HILLSBOROUGH CNTY FL SCH BRD COPS                            | CUSIP: 43232VVA6<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |    290000 | PA      | $307814.96    | 0.33%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Department of Transportation                                           | OKLAHOMA ST DEPT OF TRANSPRTN REVENUE                        | CUSIP: 67884NET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64182.36     | 0.07%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QTU0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55552.98     | 0.06%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                     | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609FL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $507961.86    | 0.55%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183Y84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72098.63     | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 7178933F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110416.15    | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A2S8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    225000 | PA      | $246024.32    | 0.27%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                          | OKLAHOMA ST CAPITOL IMPT AUTH ST FACS REVENUE                | CUSIP: 679088HD9<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |     90000 | PA      | $95526.68     | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RXN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48764.13     | 0.05%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XRT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $201666.22    | 0.22%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FXY5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    280000 | PA      | $306933.56    | 0.33%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Little Rock AR                                                          | LITTLE ROCK AR                                               | CUSIP: 537360SJ9<br>LEI: 549300ANVM1COXBSWS09 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123227.78    | 0.13%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QPU8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     70000 | PA      | $75907.85     | 0.08%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252QJ1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     95000 | PA      | $104108.39    | 0.11%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PR87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $225592.52    | 0.24%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523KA9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    135000 | PA      | $150351.00    | 0.16%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | MICHIGAN ST TRUNK LINE                                       | CUSIP: 594695Z68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21717.63     | 0.02%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Greensboro                                      | UNIV OF NORTH CAROLINA NC AT GREENSBORO                      | CUSIP: 914719UV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105789.84    | 0.11%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AQV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $77291.82     | 0.08%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Unified School District                                               | PALO ALTO CA UNIF SCH DIST                                   | CUSIP: 697379YH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96568.11     | 0.10%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                           | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16592.07     | 0.02%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BR6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     95000 | PA      | $105102.70    | 0.11%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RK21<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27156.91     | 0.03%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lincoln NE Electric System Revenue                                      | LINCOLN NE ELEC SYS REVENUE                                  | CUSIP: 534272L64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75840.07     | 0.08%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LS74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $364556.97    | 0.39%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QJ43<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    145000 | PA      | $160906.53    | 0.17%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                      | AUSTIN TX ELEC UTILITY SYS REVENUE                           | CUSIP: 052414VC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $77119.11     | 0.08%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Unified School District                                               | PALO ALTO CA UNIF SCH DIST                                   | CUSIP: 697379YG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44464.25     | 0.05%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JEA Water & Sewer System Revenue                                                | JEA FL WTR & SWR REVENUE                                     | CUSIP: 46615SEH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110868.22    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525ZT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101802.63    | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005E95<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     45000 | PA      | $50496.85     | 0.05%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RZ85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $216366.31    | 0.23%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NVA1<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    150000 | PA      | $163026.18    | 0.18%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                       | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712UR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59293.78     | 0.06%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KHT9<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27479.07     | 0.03%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No 114 Evergreen                                   | CLARK CNTY WA SCH DIST #114 EVERGREEN                        | CUSIP: 181234R98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46157.73     | 0.05%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550G89<br>LEI: 549300J36FX8PM8L7086 | Long             | DBT              | MUN               | US        |    375000 | PA      | $402045.00    | 0.43%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005G44<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112215.23    | 0.12%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                               | PLANO TX INDEP SCH DIST                                      | CUSIP: 727199B59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109947.84    | 0.12%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upland Unified School District                                                  | UPLAND CA UNIF SCH DIST                                      | CUSIP: 91537PDH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $103439.71    | 0.11%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                      | PIERCE CNTY WA SCH DIST #10 TACOMA                           | CUSIP: 720424B58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $233756.65    | 0.25%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                            | NEWPORT MESA CA UNIF SCH DIST                                | CUSIP: 652113WG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $60817.51     | 0.07%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RD25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22163.64     | 0.02%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GBJ1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    265000 | PA      | $279009.70    | 0.30%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County College District                                                 | TARRANT CNTY TX CLG DIST                                     | CUSIP: 87638KCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92326.52     | 0.10%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sumner TN                                                             | SUMNER CNTY TN                                               | CUSIP: 866407S67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110668.55    | 0.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 61334PCV3<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74273.67     | 0.08%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                               | COLORADO ST BLDG EXCELLENT SCHS TODAY COPS                   | CUSIP: 19668QLR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21544.66     | 0.02%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County Public Utility District No 1 Water Revenue                         | CLARK CNTY WA PUBLIC UTILITY DIST #1 WTR REVENUE             | CUSIP: 181126PA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65883.88     | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 9401575K2<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110750.93    | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission                                                 | TEXAS ST TRANSPRTN COMMISSION                                | CUSIP: 882830BQ4<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110093.47    | 0.12%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                | PLANO TX                                                     | CUSIP: 727177ZM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85861.69     | 0.09%             | 2033-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                | UNIV OF N TEXAS UNIV REVENUE                                 | CUSIP: 914729VJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60145.08     | 0.06%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77522.53     | 0.08%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AU80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222267.90    | 0.24%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                           | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91739.77     | 0.10%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                         | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794B84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $194412.22    | 0.21%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445RS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $65322.31     | 0.07%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 741702CT9<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |     80000 | PA      | $89221.10     | 0.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Transportation State Highway Fund                           | TEXAS TRANSPRTN COMMISSION ST HIGHWAY FUND REVENUE           | CUSIP: 88283LLB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $177705.71    | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                       | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    588978 | NS      | $589037.35    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067GC6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    115000 | PA      | $126462.38    | 0.14%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                              | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002ML7<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |     75000 | PA      | $83113.67     | 0.09%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                               | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235L86<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32188.89     | 0.03%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                | CUSIP: 67766WA69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121289.65    | 0.13%             | 2033-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                             | PROSPER TX INDEP SCH DIST                                    | CUSIP: 743600A81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63379.76     | 0.07%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnston NC                                                           | JOHNSTON CNTY NC LTD OBLG                                    | CUSIP: 479354DS8<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48994.40     | 0.05%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oak Ridge TN                                                            | OAK RIDGE TN                                                 | CUSIP: 671783WR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $44258.48     | 0.05%             | 2032-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 1966322Z5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122729.42    | 0.13%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                        | ARIZONA BRD OF RGTS                                          | CUSIP: 040664AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129046.34    | 0.14%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036GZ3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     90000 | PA      | $99570.98     | 0.11%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843VZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72128.89     | 0.08%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coast Community College District                                                | COAST CA CMNTY CLG DIST                                      | CUSIP: 190335DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $95194.24     | 0.10%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ                                                                 | MESA AZ                                                      | CUSIP: 590485W95<br>LEI: 549300L1QYAKFHSIGE94 | Long             | DBT              | MUN               | US        |     65000 | PA      | $72110.22     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758YE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $443272.95    | 0.48%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068L6A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $258417.70    | 0.28%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DVB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $385224.95    | 0.42%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615HJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $144044.15    | 0.16%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                               | COOK CNTY IL                                                 | CUSIP: 213185LW9<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |    115000 | PA      | $125175.72    | 0.14%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No 1                                      | NORTH CAROLINA ST MUNI PWR AGY #1 CATAWBA ELEC REVENUE       | CUSIP: 6582035L4<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    120000 | PA      | $129211.12    | 0.14%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B3D8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138084.91    | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Independent School District                                            | PASADENA TX INDEP SCH DIST                                   | CUSIP: 702334HH9<br>LEI: 549300QY114RR4MXVU24 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38483.55     | 0.04%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                | UNIV OF N TEXAS UNIV REVENUE                                 | CUSIP: 914729XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22030.75     | 0.02%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                               | FRISCO TX                                                    | CUSIP: 358776G30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87635.50     | 0.09%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974AMT8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21657.84     | 0.02%             | 2030-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067GS1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    145000 | PA      | $159164.70    | 0.17%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631QY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $244473.97    | 0.26%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $82927.95     | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036CY0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    235000 | PA      | $236953.11    | 0.26%             | 2034-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA Storm Water Utility Revenue                           | VIRGINIA BEACH VA STORM WTR UTILITY REVENUE                  | CUSIP: 927747EM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $57352.87     | 0.06%             | 2033-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                | PLANO TX                                                     | CUSIP: 727177WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131929.16    | 0.14%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QLS3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27933.51     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                       | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712XN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105277.31    | 0.11%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                       | LOS ANGELES CA MUNI IMPT CORPLEASE REVENUE                   | CUSIP: 544587V39<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |    215000 | PA      | $240454.02    | 0.26%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Madison WI                                                              | MADISON WI                                                   | CUSIP: 55844RXR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44487.66     | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532BC7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109595.07    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RJ72<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55951.61     | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                         | MARYLAND ST TRANSPRTN AUTH TRANSPRTN FACS PROJ REVENUE       | CUSIP: 574300MC0<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65856.46     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541D38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33524.06     | 0.04%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355Q23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $172247.88    | 0.19%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUB BLDG AUTH PUBLIC FACS REVENUE                | CUSIP: 928173CA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27542.75     | 0.03%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241UL8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    230000 | PA      | $252566.04    | 0.27%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BU9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    185000 | PA      | $199569.14    | 0.22%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418T60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $264210.96    | 0.29%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Haven Unified School District                                               | NEW HAVEN CA UNIF SCH DIST                                   | CUSIP: 645002WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85776.26     | 0.09%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001HT2<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    125000 | PA      | $137205.81    | 0.15%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 86 Canby                                    | CLACKAMAS CNTY OR SCH DIST #86                               | CUSIP: 179198HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $60766.25     | 0.07%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                            | CHARLOTTE NC                                                 | CUSIP: 161035MW7<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |     75000 | PA      | $83533.83     | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BF63<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    160000 | PA      | $175902.48    | 0.19%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16591.14     | 0.02%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065C51<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    105000 | PA      | $112767.67    | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                | CUSIP: 67766WA51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43762.41     | 0.05%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RY60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $209151.77    | 0.23%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385EE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32673.61     | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Water & Wastewater System                                    | LUBBOCK TX WTR & WSTWTR SYS REVENUE                          | CUSIP: 549233CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36410.19     | 0.04%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827M37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49260.08     | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DW27<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     35000 | PA      | $37439.12     | 0.04%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WRZ7<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111638.20    | 0.12%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Vermont and State Agricultural College                            | UNIV OF VERMONT & ST AGRIC CLG VT                            | CUSIP: 915200ZZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32543.00     | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST                                              | CUSIP: 762223PH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55603.83     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492V55<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60984.53     | 0.07%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RQD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22226.79     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG PRINCE WM               | CUSIP: 92817TLY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175761.07    | 0.19%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                       | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712WU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33245.47     | 0.04%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 6446826H4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22378.51     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Building Authority                                                 | NORTH DAKOTA ST BLDG AUTH REVENUE                            | CUSIP: 658905ER1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $115245.30    | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063D2C1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $78333.53     | 0.08%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FPM0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106433.12    | 0.11%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 184541DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164996.93    | 0.18%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                                | SAN JOSE CA UNIF SCH DIST SANTA CLARA CNTY                   | CUSIP: 798186VP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $352567.36    | 0.38%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                   | POWAY CA UNIF SCH DIST                                       | CUSIP: 738850QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $163944.50    | 0.18%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                  | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898YG6<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60300.08     | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QUN4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     70000 | PA      | $77774.17     | 0.08%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                              | BEXAR CNTY TX REVENUE                                        | CUSIP: 088518ML6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36077.02     | 0.04%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                     | JEA FL ELEC SYS REVENUE                                      | CUSIP: 46613SRX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $359331.28    | 0.39%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                                 | TRANSBAY JT POWERS AUTH CA                                   | CUSIP: 89356CAG1<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36927.36     | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG PRINCE WM               | CUSIP: 92817TLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175761.07    | 0.19%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of League City TX                                                          | LEAGUE CITY TX                                               | CUSIP: 521769CY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59517.65     | 0.06%             | 2030-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FXZ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    450000 | PA      | $489521.66    | 0.53%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EED4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    255000 | PA      | $278757.64    | 0.30%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                             | RICHMOND VA                                                  | CUSIP: 76541VWH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $33425.05     | 0.04%             | 2033-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MR35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22112.18     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966Q3M0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60925.02     | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Educational Facilities Authority                              | MIAMI-DADE CNTY FL EDUCTNL FACS AUTH REVENUE                 | CUSIP: 59333ANH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $196452.47    | 0.21%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                             | HOUSTON TX INDEP SCH DIST                                    | CUSIP: 442403NZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132401.49    | 0.14%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153GF0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    325000 | PA      | $350764.47    | 0.38%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 403 Bethel                                     | PIERCE CNTY WA SCH DIST #403 BETHEL                          | CUSIP: 720611YA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59476.97     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PKR0<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |     60000 | PA      | $66401.13     | 0.07%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                             | HAWAII CNTY HI                                               | CUSIP: 419722Y72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26941.49     | 0.03%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima AZ Sewer System Revenue                                          | PIMA CNTY AZ SWR REVENUE                                     | CUSIP: 721876UG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59727.38     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                        | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259NT29<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    195000 | PA      | $164108.16    | 0.18%             | 2030-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $149864.09    | 0.16%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FN71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27973.13     | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Orange FL Water Utility System Revenue                                | ORANGE CNTY FL WTR & WSTWTR REVENUE                          | CUSIP: 684554FH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216457.20    | 0.23%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GRR7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    235000 | PA      | $251713.69    | 0.27%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                               | COLORADO ST BLDG EXCELLENT SCHS TODAY COPS                   | CUSIP: 19668QKU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63196.44     | 0.07%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                     | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HF0<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |     95000 | PA      | $102816.95    | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AK24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $255608.09    | 0.28%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue        | INDIANAPOLIS IN WTR SYS REVENUE                              | CUSIP: 455412BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $229041.46    | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HFT9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    600000 | PA      | $669306.06    | 0.72%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AXF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $94797.41     | 0.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                            | CHARLOTTE NC COPS                                            | CUSIP: 1610372K1<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    105000 | PA      | $113838.66    | 0.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No 24J                                             | MARION & POLK CNTYS OR SCH DIST #24J SALEM                   | CUSIP: 569203PV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $143859.05    | 0.16%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473104D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $132717.92    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204R62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73252.87     | 0.08%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GRK3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    130000 | PA      | $143494.59    | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XRS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $197382.83    | 0.21%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914468FJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55485.22     | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HDX7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109739.31    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                | CUSIP: 67766WYP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66420.56     | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CS65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $143825.76    | 0.16%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                            | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE    | CUSIP: 606092LX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $136827.30    | 0.15%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641462HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47822.89     | 0.05%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EHZ2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     75000 | PA      | $81157.25     | 0.09%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AQA8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74042.16     | 0.08%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038DM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $73591.59     | 0.08%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                     | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HD5<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |    255000 | PA      | $281051.21    | 0.30%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643ZS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111219.14    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477YB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $177431.26    | 0.19%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PZY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69860.09     | 0.08%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661XT7<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120880.85    | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532KA1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38358.27     | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDQ6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     85000 | PA      | $93507.43     | 0.10%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446466M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148014.13    | 0.16%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903C76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $182720.30    | 0.20%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75404.20     | 0.08%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687UA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $314324.88    | 0.34%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389Y36<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109976.77    | 0.12%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO                                        | CUSIP: 249164QD9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    155000 | PA      | $171404.86    | 0.19%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 184541EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $175996.72    | 0.19%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GA                                         | CUSIP: 62620HBC5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     60000 | PA      | $65107.21     | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DC22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16801.85     | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876EK9<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    130000 | PA      | $141706.96    | 0.15%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742H75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $305431.69    | 0.33%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                                      | UNIV OK REVENUES                                             | CUSIP: 91476PVU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54464.61     | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KZA0<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55528.24     | 0.06%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DHP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160669.17    | 0.17%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 1810594R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $357669.10    | 0.39%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ATK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92830.98     | 0.10%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A2Z9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     85000 | PA      | $94039.92     | 0.10%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                              | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304VT3<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22153.23     | 0.02%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                        | ARIZONA BRD OF RGTS                                          | CUSIP: 040664GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16554.20     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HWV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54205.04     | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $359978.42    | 0.39%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045NS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24893.02     | 0.03%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 229 Blue Valley                       | JOHNSON CNTY KS UNIF SCH DIST#229                            | CUSIP: 4787004Z7<br>LEI: 5493003GXPNLX2PTBN47 | Long             | DBT              | MUN               | US        |     95000 | PA      | $105421.52    | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FJ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27832.37     | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST SPL OBLG                                             | CUSIP: 67759HLV4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110071.47    | 0.12%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647AX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $170208.66    | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DKU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $181421.81    | 0.20%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin Environmental Improvement Fund Revenue                       | WISCONSIN ST ENVRNMNTL IMPT FUND REVENUE                     | CUSIP: 97709TCX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $329000.30    | 0.36%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DLG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105481.31    | 0.11%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Improvement Corp of Los Angeles                                       | LOS ANGELES CA MUNI IMPT CORPLEASE REVENUE                   | CUSIP: 544587W61<br>LEI: 549300ZJ0YLTZNSR8F57 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27959.77     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183R66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72098.63     | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DPS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $586493.32    | 0.63%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065C28<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120919.07    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LY25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105044.99    | 0.11%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AUD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $94992.33     | 0.10%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27052.53     | 0.03%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848XW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117584.24    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PML2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109595.07    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DUL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49902.65     | 0.05%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Greenville TX                                                           | GREENVILLE TX                                                | CUSIP: 3966942C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44189.70     | 0.05%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27937.17     | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                              | SPRING TX INDEP SCH DIST                                     | CUSIP: 850001AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $126409.86    | 0.14%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333N3R2<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44094.91     | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH ST TRANSPRTN REVENUE                  | CUSIP: 64711RMP8<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138829.10    | 0.15%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima AZ Sewer System Revenue                                          | PIMA CNTY AZ SWR REVENUE                                     | CUSIP: 721876VA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22139.09     | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FYB4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    160000 | PA      | $161981.46    | 0.17%             | 2034-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AUS2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    220000 | PA      | $234691.20    | 0.25%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 229 Blue Valley                       | JOHNSON CNTY KS UNIF SCH DIST#229                            | CUSIP: 4787005W3<br>LEI: 5493003GXPNLX2PTBN47 | Long             | DBT              | MUN               | US        |     45000 | PA      | $49936.51     | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontana Unified School District                                                 | FONTANA CA UNIF SCH DIST                                     | CUSIP: 344640QP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $64079.33     | 0.07%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                         | JACKSONVILLE FL SPL REVENUE                                  | CUSIP: 469487SL7<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138394.65    | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha NE Sewer Revenue                                                  | OMAHA NE SANTN SWR REVENUE                                   | CUSIP: 681810MU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25838.04     | 0.03%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252MH9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    115000 | PA      | $120849.80    | 0.13%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Odessa TX                                                               | ODESSA TX                                                    | CUSIP: 676006SV2<br>LEI: 5493009W8JN2B6ZDRY14 | Long             | DBT              | MUN               | US        |    120000 | PA      | $112766.18    | 0.12%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036CX2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    255000 | PA      | $273266.21    | 0.30%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QBU3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    215000 | PA      | $232126.43    | 0.25%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Flood Control District                                            | HARRIS CNTY TX FLOOD CONTROL DIST                            | CUSIP: 414019BE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138514.39    | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474F5P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49966.35     | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QKU9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     55000 | PA      | $61078.78     | 0.07%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SKG7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     95000 | PA      | $105263.71    | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903C68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63249.70     | 0.07%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                              | FORT WORTH TX WTR & SWR REVENUE                              | CUSIP: 349515M78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $108328.65    | 0.12%             | 2034-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                               | PURDUE UNIV IN UNIV REVENUES                                 | CUSIP: 746189ZD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $171737.38    | 0.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Finance Corp                                                    | ALABAMA ST HIGHWAY FIN CORP SPL OBLIG REVENUE                | CUSIP: 010573AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $204870.90    | 0.22%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241TD8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48985.34     | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063D3W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $100616.50    | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                             | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688MU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $149478.74    | 0.16%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                          | UNIV OF COLORADO CO ENTERPRISE SYS REVENUE                   | CUSIP: 91417NHF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68885.36     | 0.07%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST SPL OBLG DEDICATED TAX REVENUE              | CUSIP: 576002BN8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     65000 | PA      | $72583.67     | 0.08%             | 2030-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                       | TRI-CNTY MET TRANSPRTN DIST OR REVENUE                       | CUSIP: 89546RPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36771.27     | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424SW6<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    175000 | PA      | $194289.78    | 0.21%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                          | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PHC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59623.23     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FPL2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    205000 | PA      | $219650.63    | 0.24%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View Los Altos Union High School District/CA                           | MOUNTAIN VIEW LOS ALTOS CA UNION HIGH SCH DIST               | CUSIP: 624454MH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85386.43     | 0.09%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Harbor System Revenue                                           | HAWAII ST HARBOR SYS REVENUE                                 | CUSIP: 41981THS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $149848.92    | 0.16%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Milwaukee Metropolitan Sewerage District                                        | MILWAUKEE WI MET SEWERAGE DIST                               | CUSIP: 602409NH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $131759.89    | 0.14%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174XN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43937.87     | 0.05%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137GQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $77626.98     | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                  | FLORIDA ST MUNI PWR AGY                                      | CUSIP: 342816T54<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    125000 | PA      | $133221.95    | 0.14%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QTB2<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     55000 | PA      | $59580.04     | 0.06%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                              | ANAHEIM CA PUBLIC FING AUTH LEASE REVENUE                    | CUSIP: 03255LHK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271460.53    | 0.29%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 405 Bellevue                                     | KING CNTY WA SCH DIST #405 BELLEVUE                          | CUSIP: 495098D44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66945.49     | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Knox TN                                                               | KNOX CNTY TN                                                 | CUSIP: 499513HX0<br>LEI: 549300WT27UFXOLT2D56 | Long             | DBT              | MUN               | US        |    270000 | PA      | $299452.22    | 0.32%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946953Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66880.58     | 0.07%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                      | RHODE ISLAND COMMERCE CORP REVENUE                           | CUSIP: 762232BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91447.03     | 0.10%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL                                           | CUSIP: 59333FZX1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     90000 | PA      | $93306.17     | 0.10%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225LX2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55368.19     | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Sanitary Sewerage System Revenue                             | MEMPHIS TN SANTN SWR SYS REVENUE                             | CUSIP: 586200SN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134941.09    | 0.15%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer