# EDGAR Filing Document

**Accession Number:** 0000035373
**File Stem:** 0001752724-25-198466
**Filing Date:** 2025-8
**Character Count:** 231615
**Document Hash:** 531f140caad336105112a3a0963491cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-198466.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-198466

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY MUNICIPAL TRUST
- **CENTRAL INDEX KEY:** 0000035373

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02628
- **FILM NUMBER:** 251243272

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNICIPAL BOND FUND/MA/
- **DATE OF NAME CHANGE:** 19860327

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19850503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY MUNICIPAL BOND FUND LTD
- **DATE OF NAME CHANGE:** 19770201

## Series and Classes Contracts Data

### Fidelity Conservative Income Municipal Bond Fund (Series ID: S000042537)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000131629 | Fidelity Conservative Income Municipal Bond Fund                  | FMNDX           |
| C000243072 | Fidelity Advisor Conservative Income Municipal Bond Fund: Class Z | FMNHX           |
| C000243073 | Fidelity Advisor Conservative Income Municipal Bond Fund: Class A | FMNFX           |
| C000243074 | Fidelity Advisor Conservative Income Municipal Bond Fund: Class I | FMNGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Municipal Trust

- **b. Investment Company Act file number:** 811-02628

- **c. CIK number of Registrant:** 0000035373

- **d. LEI of Registrant:** MC33ZH3HL1S8YN987650

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Conservative Income Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000042537

- **c. LEI of Series:** 549300Q02I54MSXQ2O87

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1697830571.04

**Total Liabilities:** $32166979.52

**Net Assets:** $1665663591.52

**Delayed Delivery Securities:** $27832215.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 14228.87083140 | **1-Year:** 53705.29744210 | **5-Year:** 29722.11636950 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 2144.15367476 | **1-Year:** 5464.53292749 | **5-Year:** 1902.17281797 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131629 | 0.18%                | 0.35%                | 0.34%                |
| Class ID C000243074 | 0.18%                | 0.35%                | 0.34%                |
| Class ID C000243072 | 0.18%                | 0.35%                | 0.34%                |
| Class ID C000243073 | 0.17%                | 0.33%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18153.04               | $-2589537.47                               |
| Month 2  | $54440.10                | $1712913.63                                |
| Month 3  | $-0.63                   | $1614623.53                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NJ TRANSP 2023-XL0450-NUV Q=JPMC BK D7                                      | CUSIP: 88035F4A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3750000.00   | 0.23%             | 2040-06-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2025                                                | CUSIP: 64579XEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $396453.92    | 0.02%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 3.85% MT @                                                     | CUSIP: 13048RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5807808.54   | 0.35%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | NE NUCOR 98 V7@                                                             | CUSIP: 854743AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625000.00    | 0.04%             | 2028-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANSP 2023-XF1649-LA Q=JPMC BK D7                                   | CUSIP: 88035G3V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4480000.00   | 0.27%             | 2045-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT AUTHORITY 5% 7/15/2025 @                                               | CUSIP: 73358XAE2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    325000 | PA      | $325170.30    | 0.02%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2025                                                    | CUSIP: 213185MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2793471.51   | 0.17%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.375% MT                                                     | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1049648.79   | 0.06%             | 2034-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST NO 1 SPL REVCOLO                                                        | BASELINE MET DI 5% 12/1/2025                                                | CUSIP: 069826AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $342210.51    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                        | HLTH BAPTIST AL 2013B V7                                                    | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2923000 | PA      | $2923000.00   | 0.18%             | 2042-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2026                                                | CUSIP: 02765URM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3170036.14   | 0.19%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL TRANSIT SALES TX 2024-XF3290-BNY Q=WF D7                         | CUSIP: 88035J4S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.17%             | 2049-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV                                    | MA SCH BLDG 5% 8/15/2027                                                    | CUSIP: 576000RT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2928428.98   | 0.18%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV AGY MULTI-FAMILY HSG REV                                         | MONRO NY 61075N 5% 7/1/2028                                                 | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    947000 | PA      | $983253.91    | 0.06%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | AZ IDA MF HSG ROERS FLAGSTAFF 2023-MIZ9157 MZ/MZ D35                        | CUSIP: 60700HUK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905969 | PA      | $1905969.00   | 0.11%             | 2063-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5% 7/1/2045 AMT                                                | CUSIP: 837123GP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1650000.00   | 0.10%             | 2045-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL SALES TAX REV                                                               | COOK CNY IL STR 5% 11/15/2025                                               | CUSIP: 213248CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $432750.11    | 0.03%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 7/15/2026 @                                                   | CUSIP: 73358W5B6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2596069.83   | 0.16%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2025 @                                                  | CUSIP: 735389T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1601968.00   | 0.10%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALBANY NY                                                                                 | ALBANY CITY NY 3/20/26 BAN                                                  | CUSIP: 012429CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18300000 | PA      | $18385073.04  | 1.10%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 12/1/2027 @                                               | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2938954.29   | 0.18%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX ISD                                                                             | DALLAS TX ISD 25A-1 G=PSF MT                                                | CUSIP: 235308Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8886183.68   | 0.53%             | 2055-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OH UNIV HOSP SYS R-FLOAT V7                                                 | CUSIP: 67756CCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6355000 | PA      | $6355000.00   | 0.38%             | 2033-01-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10B1 V7                                                            | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1650000.00   | 0.10%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HILLSBOROUGH FL TAMPA ARPT 2025-ZL0629-BLK Q=JP D7@                         | CUSIP: 88035PHY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1810000.00   | 0.11%             | 2054-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2026 @                                                 | CUSIP: 79766DVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3815715.68   | 0.23%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 4.05% MT                                                     | CUSIP: 593344BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $695553.92    | 0.04%             | 2026-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV                                  | VA SM BUS PURE SALMON LLC PRE MT@                                           | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900835.20   | 0.17%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                                 | CUSIP: 56035DGG1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    350000 | PA      | $356438.39    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                              | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4614698.99   | 0.28%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 7/15/2025 @                                                   | CUSIP: 73358W5A8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1265662.86   | 0.08%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.80% 7/1/2057                                               | CUSIP: 20775DUY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10995000 | PA      | $10933164.12  | 0.66%             | 2057-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                              | N MUNI PWR 5% 1/1/2027                                                      | CUSIP: 665444LC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $375898.28    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LIBERTY NY DEV CORP REV                                                                   | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY                               | CUSIP: 531127AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2578500 | PA      | $2578500.00   | 0.15%             | 2035-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HEARD CNTY GA DEV AU POLLU CTL                                                            | GA PWR - SOUTHERN CO 07-1 V1@                                               | CUSIP: 422230BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.10%             | 2037-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2026                                                 | CUSIP: 735240U43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $698128.20    | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                              | CUSIP: 592647FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $845068.46    | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.7% MT                                                        | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1300666.21   | 0.08%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% MT                                                           | CUSIP: 235298BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1861000 | PA      | $1866305.15   | 0.11%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2025 @                                              | CUSIP: 3922744C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $366514.60    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHFIELD MICH PUB SCHS                                                                  | SOUTHFIELD MICH 5% 5/1/2026                                                 | CUSIP: 844215RA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1500616.77   | 0.09%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2027 @                                                  | CUSIP: 735389C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2691678.65   | 0.16%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                                | NEW YORK AUTH 5% 11/1/2027                                                  | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5895000 | PA      | $6219274.52   | 0.37%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SULLIVAN WEST CENT SCH DIST NY                                                            | SULLIVAN WEST NY CSD 6/25/26 BAN                                            | CUSIP: 865353DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7244677.44   | 0.43%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                  | CUSIP: 5444453F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5969860.86   | 0.36%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PAWTUCKET R I                                                                             | PAWTUCKET CITY RI 24-2 10/24/25 BAN                                         | CUSIP: 7041654L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2103314.85   | 0.13%             | 2025-10-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | NASHVILLE and DAVIDSON TN HLTH and EDUC EWING HGTS 2024-MIZ9163 MZ/MZ D35   | CUSIP: 60700HVD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540658 | PA      | $1540658.00   | 0.09%             | 2062-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DECATUR AL INDL DEV BRD EXEMPT                                                            | AL NUCOR 03A V7@                                                            | CUSIP: 242846AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2450000.00   | 0.15%             | 2036-08-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.65% MT                                                      | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3602174.76   | 0.22%             | 2034-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2026@                                                | CUSIP: 64763HLX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2110119.59   | 0.13%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| POLK CO FL HSG FIN AUTH MFH RV                                                            | POLK CO FL HFA 4.15% MT                                                     | CUSIP: 731903BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1296000 | PA      | $1307385.62   | 0.08%             | 2040-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                                 | DALLAS TX 5% 2/15/2026                                                      | CUSIP: 235219VZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9495000 | PA      | $9615603.59   | 0.58%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5.25% 7/1/2055 @                                               | CUSIP: 837123KW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1380000.00   | 0.08%             | 2055-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FLA HSG FIN AUTHMULTIFAMILY HSG REV                                         | ESCAM FL 3.8% MT                                                            | CUSIP: 296121FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4424460.92   | 0.27%             | 2027-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2026                                                   | CUSIP: 66285WE77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $737952.04    | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.8% MT                                                        | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1893253.85   | 0.11%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2028 @                                              | CUSIP: 114894XH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $283467.61    | 0.02%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 4.05% MT                                                    | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1824752.00   | 0.11%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                 | CUSIP: 646080WH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1679685.83   | 0.10%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | CITY OF DALLAS HOUSING FINANCE CORPORATION 2023 5% 7/1/2042                 | CUSIP: 235298BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1982000 | PA      | $2037859.90   | 0.12%             | 2042-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2026 @                                                | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3243884.48   | 0.19%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NJ TRANSP FD 2021-XM0929-MST Q=JPMC BK D7                                   | CUSIP: 88034XXV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4535000.00   | 0.27%             | 2050-06-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV                                  | COLUMBUS HSG RE 5% 7/1/2045 MT                                              | CUSIP: 19910XAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1333000 | PA      | $1361457.28   | 0.08%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA HFA MSHG MISSION GATEWAY APTS 2025-CF7034 CI/CI D7 - for cash            | CUSIP: 88035PYD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10100000 | PA      | $10100000.00  | 0.61%             | 2055-03-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2026 @                                                   | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5495000 | PA      | $5631936.50   | 0.34%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2025                                                    | CUSIP: 472682YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $903773.88    | 0.05%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BRAZOS TX HSG FIN CORP 2023-XF3129-AMR MZ/MZ D7                             | CUSIP: 88035GQP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1588307 | PA      | $1588307.00   | 0.10%             | 2041-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                            | YUMA AZ HOSP 5% 8/1/2026                                                    | CUSIP: 988514CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1149592.16   | 0.07%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                     | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8100000 | PA      | $8096879.88   | 0.49%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY IDA REV                                                                  | NYC IDA 5% 1/1/2026                                                         | CUSIP: 64971PKU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $383408.11    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5% 7/1/2027@                                                   | CUSIP: 837123JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $175685.84    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 8/1/2026                                                     | CUSIP: 207758TY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $636052.26    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHEAST OHIO MED UNIV GEN RCPTS                                                         | NE OHIO MED UNI 5% 12/1/2025                                                | CUSIP: 66433RCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $171041.76    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRAVIS CNTY TEX HSG FIN CORP MULTIFAMILY HSG                                              | TRVS TX MHSG 3.75% MT                                                       | CUSIP: 89438UBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310022.97    | 0.02%             | 2026-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MD MF HSG WOODINGTON GARDENS 2024-XF3222-AMR MZ/MZ D7                       | CUSIP: 88035HK96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2810000.00   | 0.17%             | 2054-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA MF HSG FIN AGY 2023-XF3127-AMR MZ/MZ D7                                  | CUSIP: 88035F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1755000.00   | 0.11%             | 2030-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 2.875% MT                                                      | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2266790.67   | 0.14%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAINT LOUIS MO IDA HAWKINS VILLAGE APTS 2023-MIZ9153 MZ/MZ D35              | CUSIP: 60700HTX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1969501 | PA      | $1969501.00   | 0.12%             | 2063-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026 @                                                 | CUSIP: 1675937E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3091460.45   | 0.19%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL SER A-1 5% 1/1/2027@                                             | CUSIP: 45528UTD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1281783.82   | 0.08%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REV                                                                 | MI ST BLDG AUTH 24-I V1                                                     | CUSIP: 594615LS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.12%             | 2059-04-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE CM HSP                                                            | NC MED CARE HSP 5% MT                                                       | CUSIP: 65820HN90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2548589.06   | 0.15%             | 2051-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 12/1/2025                                              | CUSIP: 09182TBY2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    335000 | PA      | $337147.18    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALABAMA HSG FIN AU MF HSG REV                                                             | AL HFA MFH RV 5% MT                                                         | CUSIP: 01030PGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2803578.42   | 0.17%             | 2029-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SLD WASTE                                                             | PFA WI SD WSTE 1.9% MT@                                                     | CUSIP: 74445MAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12300000 | PA      | $12303106.98  | 0.74%             | 2025-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2026                                                      | CUSIP: 2510936G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1317593.81   | 0.08%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DIRECTOR ST NV DPT BUS and IND SOLID WASTE DISP REV                                       | NV SLD WST 1.875% 12/1/2026 @ MT                                            | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1150229.31   | 0.07%             | 2026-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 1/1/2027                                                  | CUSIP: 45204FG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2356298.25   | 0.14%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FLA TRANSN REV                                                               | OSCEOLA FL TRAN 0% 10/1/2027                                                | CUSIP: 688031EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $331940.09    | 0.02%             | 2027-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                             | HONOLULU HI MFR 5% 12/1/2026 MT                                             | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3534546.56   | 0.21%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7                                   | CUSIP: 88035DDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4445000.00   | 0.27%             | 2043-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2025 @                                              | CUSIP: 592647MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008714.60   | 0.12%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35                            | CUSIP: 60700HQD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13246483 | PA      | $13246483.00  | 0.80%             | 2062-10-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HI ST ARPT 2025-ZF1831-BLK Q=BA D7@                                         | CUSIP: 88035MPK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 0.05%             | 2048-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                             | BLACK BELT ALAB 4% MT                                                       | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3614980.28   | 0.22%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OLATHE KS                                                                                 | OLATHE KS 2.50% 10/1/2027                                                   | CUSIP: 679384KP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $701445.74    | 0.04%             | 2027-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                   | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325282 | PA      | $2325282.00   | 0.14%             | 2062-08-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 9/1/2025                                                           | CUSIP: 4521524R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $381032.12    | 0.02%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN MUN PWR AGY MN ELEC                                                              | N MUNI PWR 5% 1/1/2026                                                      | CUSIP: 665444LB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $242235.94    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                          | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2423837.62   | 0.15%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2028                                                          | CUSIP: 64966SKE5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  11545000 | PA      | $12344228.02  | 0.74%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                                 | NEWARK CITY ESSEX CNTY NJ 9/25/25 BAN                                       | CUSIP: 650367TA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10100000 | PA      | $10117823.47  | 0.61%             | 2025-09-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2026 @                                               | CUSIP: 45528VAX7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    665000 | PA      | $671170.27    | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 5% 2/1/2027 MT                                              | CUSIP: 45203LEL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    893000 | PA      | $901699.34    | 0.05%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5.25% 11/15/2026                                             | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3252663.22   | 0.20%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 3.95% MT@                                                        | CUSIP: 708692CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12100000 | PA      | $12101432.64  | 0.73%             | 2049-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | DENVER CO ARPT 2025-XG0597-NUV Q=JP D7@                                     | CUSIP: 88035MCB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4265000 | PA      | $4265000.00   | 0.26%             | 2053-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2027 @                                               | CUSIP: 45528VAY5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1367003.29   | 0.08%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2026                                                         | CUSIP: 62620HET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $234956.25    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH TAX                                                          | DETROIT DWNTWN 5% 7/1/2026                                                  | CUSIP: 251135HB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $408102.48    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2026                                                 | CUSIP: 56035DGF3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    430000 | PA      | $434107.06    | 0.03%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 5/1/2026                                                     | CUSIP: 207758B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $820118.46    | 0.05%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 3.2% 7/1/2037 MT                                             | CUSIP: 20775DVU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1843058.06   | 0.11%             | 2037-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2026                                                 | CUSIP: 88256PAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $640384.61    | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                                    | PORT OAKLAND CA 5% 5/1/2026 @                                               | CUSIP: 735000UW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5089.74      | 0.00%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE CNTY ILL REV                                                                         | IL GLENWOOD SCH 93 L=NT V7                                                  | CUSIP: 483870AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.05%             | 2028-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CLARKSVILLE TN PUBLIC BLDG ATH                                                            | CLARKSVILLE TN PBA POOLED FING-TENN MUN BOND FND LOC BANK OF AMERICA NA     | CUSIP: 182564AV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.03%             | 2031-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2027                                                  | CUSIP: 96023PNJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520634.60    | 0.03%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC INDL DEV REV                                                             | SC NUCOR 95 V7@                                                             | CUSIP: 084185DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.05%             | 2028-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 3/1/2026                                                  | CUSIP: 64577XEN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $3490139.15   | 0.21%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                                   | MIAMI-DADE SLW 4.50% 11/1/2048 MT @                                         | CUSIP: 59333GAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24600000 | PA      | $24607234.86  | 1.48%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.7% MT                                                     | CUSIP: 95648VBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3980000 | PA      | $4007120.91   | 0.24%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 7/15/2026                                                          | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047851.20   | 0.12%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SAN FRAN CA MHSG FD HAYNES APTS 2025-CF7033 CI/CI D7- FOR CASH              | CUSIP: 88035PYA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8200000.00   | 0.49%             | 2053-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2026                                                          | CUSIP: 452152Q61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $952768.73    | 0.06%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2026@                                                     | CUSIP: 45528UD65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3063160.55   | 0.18%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | PA THOMAS JEFFRSON UNIV 2024-XF1781-NUV E-AGC/Q=JP D7                       | CUSIP: 88035JW99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.24%             | 2054-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                                | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    195000 | PA      | $199318.18    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.78% MT                                                      | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $876796.11    | 0.05%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-XF3073-NUV Q=MO D7                                | CUSIP: 88035EPR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12515000 | PA      | $12515000.00  | 0.75%             | 2053-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | VA NATL SENIOR CAMPUS BC22-028 BC/BC DR42                                   | CUSIP: 76252PVB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.07%             | 2045-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                                 | CUSIP: 56035DEU2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    430000 | PA      | $437910.02    | 0.03%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20A1 V1@                                                           | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13115000 | PA      | $13115000.00  | 0.79%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 3.55% MT                                                     | CUSIP: 593344BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2966720.29   | 0.18%             | 2027-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2025 @                                               | CUSIP: 735240L35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635000.00    | 0.04%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2026                                                    | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $558281.43    | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                            | ALLEG PA ARPT 5% 1/1/2027 @                                                 | CUSIP: 01728LGL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $553502.92    | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                           | CUSIP: 452153JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $593779.10    | 0.04%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY WYO ENVIRONMENTAL IMPT REV                                                   | WY PACIFICORP-BRK LIN 95 V7@                                                | CUSIP: 533477AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8800000.00   | 0.53%             | 2025-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2028                                                  | CUSIP: 96023PPN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059840.10   | 0.06%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2025                                                    | CUSIP: 645021CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $320382.40    | 0.02%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2026 @                                               | CUSIP: 717817XG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $646791.70    | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                            | ALLEG PA ARPT 5% 1/1/2027 @                                                 | CUSIP: 01728LER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $670412.28    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CO NY                                                                          | WASHINGTON CNTY NY 3/20/26 BAN                                              | CUSIP: 938123HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4125803.35   | 0.25%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                            | GEISINGER PA 5% 4/1/2043 MT                                                 | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4053771.78   | 0.24%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW MT@                                                              | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12900000 | PA      | $12900000.00  | 0.77%             | 2044-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | OMAHA NE ARPT 2024-XG0593-MST E-AGC/Q=BA D7@                                | CUSIP: 88035JY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.22%             | 2049-12-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025 @                                              | CUSIP: 249182QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1564669.61   | 0.09%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026@                                                  | CUSIP: 167593Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $766561.16    | 0.05%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025@                                                  | CUSIP: 57563RQP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635000.00    | 0.04%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.50% 6/1/2026                                               | CUSIP: 09182TCU9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    570000 | PA      | $580127.36    | 0.03%             | 2026-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2026                                                 | CUSIP: 59261ANH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1305588.32   | 0.08%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/25@                                                      | CUSIP: 73358WR55<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4493067.26   | 0.27%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 12/1/2027                                                | CUSIP: 74440DFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $238747.66    | 0.01%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TN ARPT AU                                                            | MEMPH-SHELBY TN 1.875% 7/1/2025 @                                           | CUSIP: 586111PT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $790000.00    | 0.05%             | 2025-07-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/2026@                                               | CUSIP: 944514TC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $565844.84    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                                    | PORT OAKLAND CA 5% 5/1/2026 @                                               | CUSIP: 735000VG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1765064.00   | 0.11%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                                    | PA THO JFFRSN U 17B RFLOAT7                                                 | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4165000.00   | 0.25%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GTR ORLANDO ARPT 2025-ZF1930-BLK Q=JP D7@                                   | CUSIP: 88035PMC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2455000.00   | 0.15%             | 2051-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL TAX ALLOC                                                                   | PASCO CNTY CAP 5.25% 9/1/2025                                               | CUSIP: 70252AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160511.02    | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HOUSTON TX ARPT 2025-ZF1926-BLK E-AGM/Q=JP D7@                              | CUSIP: 88035PLL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.12%             | 2053-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2025                                                | CUSIP: 56035DFM9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352044.91    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5% 10/1/2025 @                                              | CUSIP: 432308M50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1184903.61   | 0.07%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2025                                                 | CUSIP: 267169GY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1775000.00   | 0.11%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                                                    | MI STRAT FND 3.35% MT@                                                      | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5460909.85   | 0.33%             | 2049-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONS INDPT SCHL DIST                                                              | HAYS TX ISD 5% 2/15/2026                                                    | CUSIP: 4211106K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $451260.39    | 0.03%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 10/1/2025                                                | CUSIP: 70879QQH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $703250.38    | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OH UNIV HOSP HLTH SVCS 15B V7                                               | CUSIP: 67756CCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5005000 | PA      | $5005000.00   | 0.30%             | 2045-01-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                              | NE TX ISD 3% 8/1/2027                                                       | CUSIP: 659155HJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1093979.90   | 0.07%             | 2027-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 6/1/2026                                                 | CUSIP: 74440DFE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355098.07    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUERO TX INDEPENDENT SCHOOL DISTRICT                                                      | CUERO TX INDEPE 5% 8/15/2026                                                | CUSIP: 229831HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1270932.05   | 0.08%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2027 @                                                  | CUSIP: 73358XBY7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1502751.16   | 0.09%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2025 @                                               | CUSIP: 04780MXE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $710000.00    | 0.04%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST HAMPTON NY UN FREE SH DIS                                                            | EAST HAMP NY SD 2.10% 6/1/2027                                              | CUSIP: 272718GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1244792.22   | 0.07%             | 2027-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 6/1/2028                                                 | CUSIP: 74440DFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $490819.07    | 0.03%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2028 @                                                 | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6810000 | PA      | $7080408.76   | 0.43%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2025                                                 | CUSIP: 56035DGE6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    320000 | PA      | $320654.43    | 0.02%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER                   | CUSIP: 646136XC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $655635.27    | 0.04%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                                 | HOUSTON TX MF 5% 8/1/2041                                                   | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1095319.91   | 0.07%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK INTEGRIS HLTH 20B V7                                                     | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8375000 | PA      | $8375000.00   | 0.50%             | 2031-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR MT 11/1/2048                                                   | CUSIP: 121342QK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $728706.00    | 0.04%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI DADE FL ARPT 2025-ZF1934-BLK Q=JP D7@                                 | CUSIP: 88035PPB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.15%             | 2050-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2026 @                                               | CUSIP: 603827J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $580335.20    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS_HFA 3.375% MT                                                           | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8340000 | PA      | $8342653.79   | 0.50%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUB FI AUTH LSE REV                                                            | ANAHEIM CALIF PUB FING AUTH LEASE REV CAP APPREC-SUB-PUB IMPTS PJ-C         | CUSIP: 03255LBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6355000 | PA      | $6322116.69   | 0.38%             | 2025-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CTY FL HSG AUT HSG REV                                                            | BROWARD HSG 4.05% 9/1/2056 MT                                               | CUSIP: 115027RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1191000 | PA      | $1197048.37   | 0.07%             | 2056-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2027 @                                                 | CUSIP: 79766DSL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3810000 | PA      | $3939253.11   | 0.24%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2026 @                                               | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $437984.93    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 0.9% MT                                                     | CUSIP: 64972EK32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $783382.74    | 0.05%             | 2060-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2027                                                           | CUSIP: 452153JJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $418154.68    | 0.03%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 0% 6/15/2026                                              | CUSIP: 592248AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $697069.80    | 0.04%             | 2026-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2026 @                                                    | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $646162.92    | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2025                                                 | CUSIP: 60416TTY4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1086641.82   | 0.07%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                                            | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7                           | CUSIP: 52350LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11500000.00  | 0.69%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SLD DISP WST REV                                                            | IA MIDAMERICAN - BRK 08A V7@                                                | CUSIP: 46245EAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $520000.00    | 0.03%             | 2038-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| EAST SYRACUSE-MINOA NY CENT SD                                                            | E SYRACUSE MINOA NY CSD 6/25/26 BAN                                         | CUSIP: 275443EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5941604.44   | 0.36%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2028                                                           | CUSIP: 452153JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $701704.67    | 0.04%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY HSG DEV MULTI REV                                                             | NYC HSG DEV CORP MFAM REV VAR-MTG-89 MURRAY STREET-SER ALOC FNMA ***AMT***@ | CUSIP: 64970VDD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5100000.00   | 0.31%             | 2039-06-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                            | YUMA AZ HOSP 5% 8/1/2025                                                    | CUSIP: 988514CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1131610.70   | 0.07%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU 5% 4/15/2026                                                | CUSIP: 59447T3F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3056755.23   | 0.18%             | 2026-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2027                                                    | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521645.05    | 0.03%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025@                                                  | CUSIP: 57563RPC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $910000.00    | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025 @                                                 | CUSIP: 57563RSW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1780000.00   | 0.11%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                              | CUSIP: 592647LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1280406.75   | 0.08%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 4% 12/1/2025 @                                              | CUSIP: 944514YK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1098448.26   | 0.07%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL HSG FIN AUTH MFH                                                              | LEE CO FL MFH 3.55% MT                                                      | CUSIP: 52349HBC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1588000 | PA      | $1588042.40   | 0.10%             | 2027-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES and TERMINAL REVENUE                                                 | GALVESTON TX ST 5.25% 8/1/2027 @                                            | CUSIP: 364568HX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $325139.16    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2027                                                      | CUSIP: 2510936H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1404980.30   | 0.08%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CO FL SLDWST RECV                                                            | HILLSBOROUGH CNTY SOLID WASTE 5% 9/1/2026                                   | CUSIP: 432342DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1461357.65   | 0.09%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CO ST COMMONSPIRIT HLTH 2022-XM1060-ALL Q=JPMC BK D7                        | CUSIP: 88035DT96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.18%             | 2052-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                           | CUSIP: 452153FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2578117.78   | 0.15%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEAR CREEK TEX INDPT SCH DISTFOR ISSUES DATED PRIOR TO 04/02/2015 SEE 184540             | CLEAR CREEK TEX 3.60% G=PSF 2/15/35 MT                                      | CUSIP: 184541CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $930268.68    | 0.06%             | 2035-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G SIFMA+87 MT                                             | CUSIP: 79625GFV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5390000 | PA      | $5387895.21   | 0.32%             | 2048-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                            | PHX CVC APT REV 5% 7/1/2026 @                                               | CUSIP: 71883MQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1174733.06   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CORPUS CHRISTI TX UTIL SYS 2024-XF1714-EV Q=JP D7                           | CUSIP: 88035JDB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.28%             | 2054-07-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 4.6% 10/1/2046 MT @                                              | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15885000 | PA      | $16002174.11  | 0.96%             | 2046-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2027                                                    | CUSIP: 645021CR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $433724.97    | 0.03%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2025 @                                                   | CUSIP: 73358XJT0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2696979.14   | 0.16%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                                      | ITHACA CITY NY 2/13/26 BAN                                                  | CUSIP: 465650U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7825549.68   | 0.47%             | 2026-02-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/01/25 @                                                    | CUSIP: 762315QT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $558817.90    | 0.03%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                                | PROSPER TX ISD 4% 2/15/2050 MT                                              | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1057942.62   | 0.06%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FLA TRANSN REV                                                               | OSCEOLA FL TRAN 0% 10/1/2026                                                | CUSIP: 688031EF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $262699.64    | 0.02%             | 2026-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLARK NV POLLUTN CTL REV                                                                  | CLARK CO NV PCR 3.75% MT                                                    | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $909417.87    | 0.05%             | 2036-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20B1 V1@                                                           | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22185000 | PA      | $22185000.00  | 1.33%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                           | WA HFC MF 5% MT                                                             | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1407000 | PA      | $1430947.84   | 0.09%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BINGHAMTON NY                                                                             | BINGHAMTON CITY NY 4/10/26 BAN                                              | CUSIP: 0904912K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16200000 | PA      | $16302622.14  | 0.98%             | 2026-04-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BOX ELDER CNTY UTAH POLLUTION CTL REV                                                     | BOX ELDER CNTY UTAH POLLUTION CTL REV VAR-REF-NUCOR CORP PROJ               | CUSIP: 103160AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.02%             | 2028-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                              | MAIKER HSG PART 4.5% MT                                                     | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2017000 | PA      | $2032038.35   | 0.12%             | 2042-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2026                                                 | CUSIP: 267169GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3179299.21   | 0.19%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                              | OH HI ED COM 1.625% MT                                                      | CUSIP: 67756DVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $714420.44    | 0.04%             | 2034-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% MT                                                        | CUSIP: 593344BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2421456.50   | 0.15%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2025                                                 | CUSIP: 64577XDK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $638915.85    | 0.04%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG MULTIFAMILYHSG REV                                                     | MONTANA ST BRD HSG 3.32% MT                                                 | CUSIP: 61212VAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4940000 | PA      | $4943935.20   | 0.30%             | 2046-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2026                                                 | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1103996.95   | 0.07%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING CORP                                                                    | LOOP COMMONS 3.75% MT                                                       | CUSIP: 54627CBU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020585.40   | 0.12%             | 2028-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.85% 1/1/2027                                                | CUSIP: 64469MQM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1086645.56   | 0.07%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2028                                                  | CUSIP: 20775DYE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4038817.08   | 0.24%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9121 G=FHLM/MZ D1@                                 | CUSIP: 60700HPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9590000 | PA      | $9590000.00   | 0.58%             | 2033-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                            | IOWASTUD LIQUID 5% 12/1/2026 @                                              | CUSIP: 462590NR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $387672.92    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCHOOL DIST                                                                 | CLARK CO NV SD 5% 6/15/2027                                                 | CUSIP: 181059TD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1155696.93   | 0.07%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | LYNCHBURG VA EDA CENTRA HLTH 2018-XL0075-NUV Q=JPMC BK D7                   | CUSIP: 88034MXT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.02%             | 2055-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA MFH FIRST PT APTS 2025-CF7012 CI/CI D7                                   | CUSIP: 88035MBC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.22%             | 2052-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| OSWEGO ILL INDL DEV REV                                                                   | OSWEGO ILL INDL DEV REV ADJ-GRIFFITH LABORATORIES PJ                        | CUSIP: 688667AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $810000.00    | 0.05%             | 2025-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.20% 5/1/2026                                                  | CUSIP: 677525WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3700483.39   | 0.22%             | 2026-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 3.95% MT@                                                    | CUSIP: 605155BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7200730.08   | 0.43%             | 2055-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                  | CUSIP: 5444452G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4180000 | PA      | $4317304.22   | 0.26%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                                    | CO MESIVTA GRTR LA 04 L=DB V7                                               | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $630000.00    | 0.04%             | 2029-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2027                                                          | CUSIP: 452152P96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $987116.29    | 0.06%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILLBURN TWP NJ BRD ED                                                                    | MILLBURN TWP N .05% 8/15/2025                                               | CUSIP: 600225LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $726875.31    | 0.04%             | 2025-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA WTR and SWR AU                                                          | DC W and S 3% MT                                                            | CUSIP: 254845TJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $843612.08    | 0.05%             | 2057-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2026                                                     | CUSIP: 8371515X3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2440701.84   | 0.15%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2027 @                                               | CUSIP: 592190QG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $672025.71    | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HOUSING CORP                                                                    | RIDGE COMMONS COLLAT SOFT PUTS 3.75% MT                                     | CUSIP: 54627CBV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1141630.75   | 0.07%             | 2028-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% 7/1/2026 MT                                                  | CUSIP: 235298BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1493000 | PA      | $1502913.82   | 0.09%             | 2026-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                 | CUSIP: 646080SN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1826430.33   | 0.11%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | SC CONWAY HOSP BC22-019 BC/BC DR42                                          | CUSIP: 76252PTY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.14%             | 2047-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 7/1/2025                                                           | CUSIP: 452153GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7985000 | PA      | $7985000.00   | 0.48%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                                  | HUMBLE TX ISD 5% 2/15/2026                                                  | CUSIP: 445047NF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3877622.06   | 0.23%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2028                                                           | CUSIP: 0117706D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $449016.20    | 0.03%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 5% 9/1/2026                                                 | CUSIP: 44237NGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $956553.12    | 0.06%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2027                                                  | CUSIP: 20775DYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3026329.22   | 0.18%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2027                                                | CUSIP: 407288H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $533325.20    | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTA FE CNTY N MEX MULTIFAMILY REV                                                       | SANTA NM 3.29% 12/10/2049 MT                                                | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5660000 | PA      | $5655932.16   | 0.34%             | 2049-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 6/1/2027                                                 | CUSIP: 74440DFG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $618303.42    | 0.04%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP MLTFMY RV                                                            | FL HFC MF 3.8% 6/1/2042 MT                                                  | CUSIP: 34073JVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1535947.88   | 0.09%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWER ALA GAS DIST GAS PROJ REV                                                           | LOWER ALA GAS D 4% MT                                                       | CUSIP: 547804AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7212964.32   | 0.43%             | 2050-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2026 @                                                    | CUSIP: 45528U4T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $257366.04    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2028@                                                | CUSIP: 64763HLZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4410000 | PA      | $4580812.97   | 0.28%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.50% 6/1/2027                                               | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    245000 | PA      | $253851.68    | 0.02%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 4/1/2028                                                      | CUSIP: 49151F4P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119067.00   | 0.13%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2025                                                         | CUSIP: 62620HES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220000.00    | 0.01%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLYTHEVILLE AR INDL DEV REV                                                               | AR NUCOR 98 V7@                                                             | CUSIP: 096490BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.10%             | 2028-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE CNTY WI ARPT REV                                                                | MILWAUKEE WI AR 5% 12/1/2026 @                                              | CUSIP: 602248LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $521356.27    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2027 @                                                    | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $614228.50    | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV                                   | FL INSURANCE 2023 A2 Q=FL V7                                                | CUSIP: 34074EAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24940000 | PA      | $24940000.00  | 1.50%             | 2032-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025                                                | CUSIP: 249182ST4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2555794.74   | 0.15%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTR REV                                                                        | CHICAGO WTR 5% 11/1/2025                                                    | CUSIP: 167736V61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $638597.21    | 0.04%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.45% MT                                                      | CUSIP: 160853TL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3426727.91   | 0.21%             | 2048-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                                      | ST LAWRENCE CNT 5% 7/1/2025                                                 | CUSIP: 791078EC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265000.00    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10A1 V7                                                            | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  36335000 | PA      | $36335000.00  | 2.18%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                                | NATIONAL FN AT 2.15% MT@                                                    | CUSIP: 63608RAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11960000 | PA      | $12043258.34  | 0.72%             | 2027-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REV                                                             | DE ST EDA 1.05% MT                                                          | CUSIP: 246387SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $370000.00    | 0.02%             | 2031-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                           | GA PWR - SOUTHERN CO 22-2 V1@                                               | CUSIP: 06964KAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9100000 | PA      | $9100000.00   | 0.55%             | 2062-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                                  | HUMBLE TX ISD 0% 2/15/2028                                                  | CUSIP: 445047NH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $6040532.82   | 0.36%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                           | PHILA PA 5% 8/1/2028                                                        | CUSIP: 717813C31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063893.20   | 0.06%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 6/1/2026                                               | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    780000 | PA      | $791691.81    | 0.05%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SCH BRD COP                                                                 | PASCO FL SB COP 5% 8/1/2026                                                 | CUSIP: 702528MY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $680172.91    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 0% 2/1/2027                                                 | CUSIP: 45203LEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    966000 | PA      | $975410.48    | 0.06%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 10/1/2027 @                                                 | CUSIP: 735389XF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $642894.32    | 0.04%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE(MO) 5.25% 6/1/29MT 53                                        | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2975000 | PA      | $3128548.68   | 0.19%             | 2053-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                       | ORANGE CNTY FL 0% 11/15/2052                                                | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1858106.43   | 0.11%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10E Q=SELF V7                                              | CUSIP: 735220AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.16%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                  | CUSIP: 5444452F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7220000 | PA      | $7329989.48   | 0.44%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2025                                                | CUSIP: 64579XEA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $316159.45    | 0.02%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER A                         | CUSIP: 646136WE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1533102.02   | 0.09%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2028                                                         | CUSIP: 62620HJF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050298.70   | 0.06%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2025                                                 | CUSIP: 56035DGV8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    325000 | PA      | $325664.66    | 0.02%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 07/15/2025 AMT                                                | CUSIP: 73358WLZ5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    645000 | PA      | $645792.12    | 0.04%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                  | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2319809.69   | 0.14%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 9/1/2026                                                           | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7990000 | PA      | $8205113.97   | 0.49%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 5.50% 11/1/2026 @                                           | CUSIP: 64461XHV0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    190000 | PA      | $194970.82    | 0.01%             | 2026-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                            | ROCKPORT IN PCR 3.7% 6/1/2047 MT                                            | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4955000 | PA      | $4943510.84   | 0.30%             | 2047-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ORANGE TWP NJ                                                                             | ORANGE TWP CITY ESSEX CNTY NJ 3/18/26 BAN                                   | CUSIP: 685312NP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8388185 | PA      | $8432226.33   | 0.51%             | 2026-03-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2025                                                 | CUSIP: 469487TA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $291350.53    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VA ST HSG DEV FD MULTIFAMILY HSG REV                                                 | WEST VA ST HSG 5% MT                                                        | CUSIP: 956629AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3273660.90   | 0.20%             | 2027-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CITY CT 3/26/26 BAN                                                 | CUSIP: 9531402P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1811132.46   | 0.11%             | 2026-03-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC                                                                        | CUMBERLAND CNTY NC PROJECT AERO PRE MT@                                     | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3401312.74   | 0.20%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 5% 4/1/2027                                                      | CUSIP: 49151F4N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $436535.90    | 0.03%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/2026 @                                                   | CUSIP: 92428CKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1094572.55   | 0.07%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                              | OH HI ED COM 5% 5/1/2026                                                    | CUSIP: 67756DVT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $710372.60    | 0.04%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI-DADE FL AVIATION 2025-XF1827-FE Q=JP D7@                              | CUSIP: 88035MNR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6035000 | PA      | $6035000.00   | 0.36%             | 2055-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FL ORLANDO HLTH 2025-XF1917-FE Q=JP D7                                      | CUSIP: 88035PGD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8225000 | PA      | $8225000.00   | 0.49%             | 2056-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.95% MT                                                     | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $972893.03    | 0.06%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% MT                                                               | CUSIP: 34074HGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $709505.73    | 0.04%             | 2026-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2027 @                                                | CUSIP: 167562RR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $650128.88    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/2026@                                                    | CUSIP: 92428CLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $785457.15    | 0.05%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2025@                                               | CUSIP: 052398HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1222781.59   | 0.07%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                              | MILWAUKEE 5% 4/1/2026                                                       | CUSIP: 602366C61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1120574.31   | 0.07%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA 3.8% MT                                                             | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1170335.32   | 0.07%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2026                                                           | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $973920.24    | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 3.50% 1/1/2026                                              | CUSIP: 57419T3S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4810000 | PA      | $4818951.89   | 0.29%             | 2026-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAN FRAN C and C MFH 1601 MARIPOSA APTS 2022-MIZ9095 MZ/MZ D35              | CUSIP: 60700HLU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10391875 | PA      | $10391875.00  | 0.62%             | 2057-07-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                                  | SAN DIEGO ARPT 5% 7/1/2028 @                                                | CUSIP: 79739GSK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1731033.15   | 0.10%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 2.05/VAR MT@                                                 | CUSIP: 605155BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4701227.17   | 0.28%             | 2026-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                                   | OKLAHOMA ST IND 5% 4/1/2028                                                 | CUSIP: 67910FAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5406406.06   | 0.32%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCH BRD CTFS P                                                            | BROWARD FL SD C 5% 7/1/2025                                                 | CUSIP: 115065C93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1010000.00   | 0.06%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5.25% 9/1/26                                                     | CUSIP: 64577B6K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1890496.78   | 0.11%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FNG AUTH REV                                                       | CALIFORNIA HLTH 0% 10/1/2039 MT                                             | CUSIP: 13032UB80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1708684.28   | 0.10%             | 2039-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9122 G=FHLM/MZ D1@                                 | CUSIP: 60700HPY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14670244 | PA      | $14670244.00  | 0.88%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY 1% 9/1/2025                                                         | CUSIP: 542691DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1387663.83   | 0.08%             | 2025-09-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| BAY SHORE NY UN FREE SCH DIST                                                             | BAY SHORE NY UFSD 7/15/25 BAN                                               | CUSIP: 072581LA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12900000 | PA      | $12904095.75  | 0.77%             | 2025-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HOUSTON TX ARPT 2025-XM1203-MST E-AGM Q=JP D7@                              | CUSIP: 88035MAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.20%             | 2053-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                             | WI HSG EDA 3.875% MT                                                        | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1207726.31   | 0.07%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 2.15% MT@                                                        | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4745354.06   | 0.28%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                           | PHILA PA 5% 8/1/2027                                                        | CUSIP: 717813C23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3714314.48   | 0.22%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 4.25% 6/1/2048 MT @                                          | CUSIP: 605155BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2823667.28   | 0.17%             | 2048-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2025 @                                                    | CUSIP: 795576LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450000.00    | 0.03%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2026                                                | CUSIP: 64579XEM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2496952.00   | 0.15%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT EVERGLADES                                                           | BROWARD FL PORT 5% 9/1/2027 @                                               | CUSIP: 11506KGJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1310592.88   | 0.08%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@             | CUSIP: 60700HKS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30375000 | PA      | $30375000.00  | 1.82%             | 2042-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NY HSG 42ND and 10TH BC22-003 BC/BC DR42                                    | CUSIP: 76252PRU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.21%             | 2041-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REV                                                                      | KING CNTY SWR 1/1/2042 MT                                                   | CUSIP: 495290BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3372481.64   | 0.20%             | 2042-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | NE NUCOR 96 V7                                                              | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.22%             | 2026-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | TRIBOROUGH BRID 2% MT                                                       | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $625721.25    | 0.04%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                                | CENTRAL PLAINS 2.5% MT                                                      | CUSIP: 154872AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2228602.91   | 0.13%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09E V7                                                  | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.19%             | 2029-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GRAND PARKWAY TX TRANSP 2024-XF1752-PUT Q=JP D7                             | CUSIP: 88035JRX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3900000.00   | 0.23%             | 2048-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                                | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27890000 | PA      | $27890000.00  | 1.67%             | 2041-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2026                                                    | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1015038.70   | 0.06%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@                       | CUSIP: 88035ENZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14300000 | PA      | $14300000.00  | 0.86%             | 2053-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2027                                                           | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $340642.38    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI DADE FL ARPT 2025-ZF1933-BLK Q=JP D7@                                 | CUSIP: 88035PNZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2155000.00   | 0.13%             | 2050-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TEX INDPT SCH DIST                                                              | TEXAR TX 4% 2/15/2053 MT                                                    | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4541788.21   | 0.27%             | 2053-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                                | CUSIP: 56035DHM7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    875000 | PA      | $894376.44    | 0.05%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 12/1/2026                                                | CUSIP: 74440DFF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $567986.89    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEVADA HSG DIV                                                                            | NV MHSG 5% MT                                                               | CUSIP: 641272HR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2049439.73   | 0.12%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 8/1/2027                                                  | CUSIP: 97712JHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3040000 | PA      | $3085802.46   | 0.19%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.80% 7/1/2026                                                | CUSIP: 64469MQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $681624.86    | 0.04%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/1/2025                                                | CUSIP: 19648FVZ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    255000 | PA      | $256335.79    | 0.02%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2025                                                  | CUSIP: 20775DSW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285000.00    | 0.02%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA MHG FIDDIMENT AFFORDABLE 2024-MIZ9162 MZ/MZ D35                          | CUSIP: 60700HVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1150000.00   | 0.07%             | 2062-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.625% 4/1/2026                                               | CUSIP: 64469MRK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365945.42    | 0.02%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2027                                                 | CUSIP: 56035DGJ5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    625000 | PA      | $646878.75    | 0.04%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2025 @                                                 | CUSIP: 57563RPV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3420000.00   | 0.21%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                 | CUSIP: 646080WA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351739.96    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BELLEVILLE NJ TAN                                                                         | BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN                                     | CUSIP: 079098GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15512500 | PA      | $15604689.24  | 0.94%             | 2026-07-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY                                            | WASHINGTON METR 5% 7/15/2025                                                | CUSIP: 93878YBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635402.78    | 0.04%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 10/1/2026 MT                                              | CUSIP: 593344BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4070353.04   | 0.24%             | 2026-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GTR ORLANDO FL ARPT 2025-ZL0603-BLK Q=JP D7@                                | CUSIP: 88035MZH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4475000.00   | 0.27%             | 2051-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP MULTIFAMILY HSG REV                                          | TX AHC MF 3.625% MT                                                         | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1375731.36   | 0.08%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2025                                                 | CUSIP: 59261APR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $669479.11    | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                              | Fidelity Municipal Cash Central Fund                                        | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  41903274 | NS      | $41911655.00  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OKLAHOMA CO OK IDS 89 OKLA CTY                                                            | OKLAHOMA CTY OK 3% 7/1/2026                                                 | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7140000 | PA      | $7164350.26   | 0.43%             | 2026-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                           | PHILA PA 5% 8/1/2026                                                        | CUSIP: 717813B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $604225.67    | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT                      | CUSIP: 88035HM37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.14%             | 2030-12-15      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FL ORLANDO HLTH 2025-XF3302-NUV Q=WF D7                                     | CUSIP: 88035MEG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13200000 | PA      | $13200000.00  | 0.79%             | 2056-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN SER B 5% 12/1/2026@                                            | CUSIP: 646080TT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $647292.58    | 0.04%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                              | MILWAUKEE 2% 3/1/2027                                                       | CUSIP: 602366VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1924164.35   | 0.12%             | 2027-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35           | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015000.00   | 0.06%             | 2061-11-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| HARTFORD CT                                                                               | HARTFORD CT 5% 7/15/2025                                                    | CUSIP: 416415HV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1215983.91   | 0.07%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2026                                                 | CUSIP: 88256PAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $766444.57    | 0.05%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 5.50% 8/1/2026 @                                                      | CUSIP: 8827235Z8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $662077.41    | 0.04%             | 2026-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2028                                                    | CUSIP: 645021DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2905000 | PA      | $3088363.60   | 0.19%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                          | PA THO JFFRSN U 18D RFLOAT V7                                               | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7880000 | PA      | $7880000.00   | 0.47%             | 2050-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTH.                                                                          | GUAM POWER AUTH 5% 10/1/2025 Q                                              | CUSIP: 400653JQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $983384.23    | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2028                                                         | CUSIP: 626207Q49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2048605.74   | 0.12%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2025                                                | CUSIP: 407288H28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $761255.25    | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AZ MFH SAFFORD PRJ 2023-XF3174-AMR MZ/MZ D7                                 | CUSIP: 88035GT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5940000 | PA      | $5940000.00   | 0.36%             | 2041-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2025 @                                               | CUSIP: 735240Z71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1785000.00   | 0.11%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                                               | CHTNOOGA TN COMNSPIRIT HLTH V7                                              | CUSIP: 162410CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15140000 | PA      | $15140000.00  | 0.91%             | 2039-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ORLANDO HLTH FL 2025-XM1222-LA Q=WF D7                                      | CUSIP: 88035MWQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3265000.00   | 0.20%             | 2056-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| GARLAND TX WTR and SWR REV                                                                | GARLAND TX WTR and 5% 3/1/2029                                              | CUSIP: 366168TJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $547567.88    | 0.03%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH PCR                                                              | GA OGLETHORPE PWR HATCH 13A V7                                              | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7100000 | PA      | $7100000.00   | 0.43%             | 2038-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FIN CORPMISS SOLID WASTE DISP FAC and WASTEWATER FAC REV             | MS PWR - SOUTHERN CO 22-1 V1@                                               | CUSIP: 60528EAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.16%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***       | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  58085000 | PA      | $58085000.00  | 3.49%             | 2027-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA VA REDV and HSG AU MFH                                                         | ALEXANDRIA MFH 3.4% MT                                                      | CUSIP: 015330FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3525000 | PA      | $3525151.93   | 0.21%             | 2054-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                                   | UT CNTY UT HOSP 5% MT                                                       | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1594409.32   | 0.10%             | 2060-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DAUPHIN CO PA GEN AUTH HLTH SYS REV                                                       | DAUPHIN HLTH PA 5% 6/1/26                                                   | CUSIP: 23825EDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $258873.37    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/26                                                   | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $647869.80    | 0.04%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2025                                                 | CUSIP: 56035DES7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220449.92    | 0.01%             | 2025-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT                                      | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2157923.83   | 0.13%             | 2054-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 9/1/2028                                                  | CUSIP: 13013JEE2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1533365.88   | 0.09%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWELL ARK INDL DEV REV                                                                   | LOWELL ARK INDL DEV REV VAR-ARK DEMOCRAT-GAZETTE PJ@                        | CUSIP: 547516AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2130000.00   | 0.13%             | 2036-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY MULTIFAMILY HSG REV                                            | NC HSG FIN AGY 3.2% MT                                                      | CUSIP: 65820BBB1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999495.60   | 0.24%             | 2056-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ANCHORAGE AK PORT REV 2025-XF3381-INV E-AGC/Q=WF D7@                        | CUSIP: 88035PJP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.31%             | 2050-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.875% MT                                                     | CUSIP: 610530FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1730558.47   | 0.10%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-ZL0397-BLK Q=MO D7                                | CUSIP: 88035EQB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2855000.00   | 0.17%             | 2053-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                     | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1642775 | PA      | $1642775.00   | 0.10%             | 2062-08-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10D Q=SELF V7                                              | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  36775000 | PA      | $36775000.00  | 2.21%             | 2040-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH TAX                                                          | DETROIT DWNTWN 5% 7/1/2027                                                  | CUSIP: 251135HC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $572867.74    | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3% MT                                                        | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5972785.20   | 0.36%             | 2053-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BUFORD GA MF HSG AUTH 2023-XF3118-AMR MZ/MZ D7                              | CUSIP: 88035FN48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855143 | PA      | $1855143.00   | 0.11%             | 2041-03-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY IL UNIV REV                                                                    | UNIV IL 5% 10/1/2027                                                        | CUSIP: 9143536X0<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    255000 | PA      | $265433.50    | 0.02%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                        | TARRANT EFFC HO 5% MT                                                       | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2727453.46   | 0.16%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH POLLUTION CTL REV VRDO IAM COML PAPER 3/A2 SER 1992         | HALIFAX CNTY VA 3.8% MT                                                     | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1130700.09   | 0.07%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2027                                                         | CUSIP: 62620HJE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1160974.58   | 0.07%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2026                                                 | CUSIP: 59259Y5R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1593902.15   | 0.10%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2028                                                      | CUSIP: 2510936J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $777262.45    | 0.05%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                  | CUSIP: 544445W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $517769.34    | 0.03%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-ZL0396-BLK Q=MO D7                                | CUSIP: 88035EQD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2795000.00   | 0.17%             | 2053-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2028 @                                                | CUSIP: 167562RS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1538767.25   | 0.09%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2027                                                | CUSIP: 56035DHN5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034738.70   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ANAHEIM CA MHSG ANTON MONACO APTS 2025-CF7032 CI/CI D7@                     | CUSIP: 88035PUK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.31%             | 2046-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/1/2025 AMT                                                 | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1229411.59   | 0.07%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUMBLE TX INDPT SCH DIST                                                                  | HUMBLE TX ISD 0% 2/15/2029                                                  | CUSIP: 445047NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3768167.66   | 0.23%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | WASTE MANAGEMENT PUTS 1.7% 8/3/2020@                                        | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13002559.70  | 0.78%             | 2037-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2028                                                  | CUSIP: 96023PNL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $651801.66    | 0.04%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO PLANNED INDL EXPANSION AUTH MULTIFAMILY HSG REV                            | KANSAS CITY MSR 5% MT                                                       | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1528000 | PA      | $1571064.54   | 0.09%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2027                                                 | CUSIP: 56035DGH9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $718735.08    | 0.04%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 4.25% 7/1/2043 MT @                                            | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8195493.28   | 0.49%             | 2043-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                                  | SAN DIEGO ARPT 5% 7/1/2029 @                                                | CUSIP: 79739GSL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1692393.25   | 0.10%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                   | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3025000.00   | 0.18%             | 2055-11-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2025 @                                                | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1885385.06   | 0.11%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2027@                                                | CUSIP: 64763HLY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2400932.90   | 0.14%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09D V7                                                  | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3800000.00   | 0.23%             | 2029-05-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| FORT WORTH TEX SPL TAX REV                                                                | FORT WRTH TEX 5% 3/1/2028                                                   | CUSIP: 349507DD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526168.40    | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL WSTWTR 2025-XG0605-NUV I=AG Q=BC D7                              | CUSIP: 88035MWN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3400000.00   | 0.20%             | 2058-01-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2027                                                | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $658693.79    | 0.04%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                                 | SEATTLE WA HSG 5% 6/1/2027                                                  | CUSIP: 812636PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $780716.31    | 0.05%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA KENNESTONE HOSP                                                              | GA WELLSTAR HLTH 25A L=BA V7                                                | CUSIP: 190813TK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10600000 | PA      | $10600000.00  | 0.64%             | 2047-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2026                                                 | CUSIP: 64577XET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2340660.17   | 0.14%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RESDTL FIN AUTH MF HSG REV                                               | ATLANTA GA URBAN RESDTL FIN 3.4% MT                                         | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2519682.50   | 0.15%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 1/15/2028                                                  | CUSIP: 96023PNK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $656715.88    | 0.04%             | 2028-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LAS VARAS PUB FAC CORP TEX MULTIFAMILY HSG REV                                            | LAS VARAS PUB F 3.75% 11/1/2025                                             | CUSIP: 51766AAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3650633.64   | 0.22%             | 2025-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INLIVIAN N C MULTIFAMILY REV                                                              | INLIVIAN N C MU 11/1/2058 MT                                                | CUSIP: 45753CAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4387975.50   | 0.26%             | 2058-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY CIVIC DEV CORP REV                                      | ST LAWRENCE CNT 5% 7/1/2026                                                 | CUSIP: 791078ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $259988.11    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                                    | TRIMBLE CNTY KY 0% 6/1/2054 @                                               | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8255000 | PA      | $8329957.88   | 0.50%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2026                                                  | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1408359.12   | 0.08%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 5% 2/1/2026                                             | CUSIP: 79625GED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $581839.40    | 0.03%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                           | GA PWR - SOUTHERN CO 22-1 V1@                                               | CUSIP: 06964KAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9965000 | PA      | $9965000.00   | 0.60%             | 2062-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FHLMC FL GALLERY SMATHERS PLZ 2025-CF7017 CI/CI D7                          | CUSIP: 88035MKR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1390000.00   | 0.08%             | 2037-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 3/1/2027 MT                                               | CUSIP: 593344BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1332792.20   | 0.08%             | 2027-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DC HSG MF 3.65% MT                                                          | CUSIP: 25477PQA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2904100.48   | 0.17%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FINGAUTH UPMC REV                                               | PENNSYLVANIA EC 5% 2/15/2026                                                | CUSIP: 70870JDN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126313.44    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.70% 1/1/2027                                                | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1175485.90   | 0.07%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                                   | WV UNIV HLTH 18E RFLOAT V7                                                  | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4310000.00   | 0.26%             | 2033-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 12/1/2025                                                 | CUSIP: 13013JDS2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005179.50   | 0.06%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2026                                                | CUSIP: 407288H36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $778787.41    | 0.05%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2027                                                  | CUSIP: 96023PPL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $374856.91    | 0.02%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2028 @                                              | CUSIP: 392275EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3569134.72   | 0.21%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2025 @                                                    | CUSIP: 795576JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $840000.00    | 0.05%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5.25% 7/1/2050 AMT                                             | CUSIP: 837123GM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2875000.00   | 0.17%             | 2050-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% 2/1/2027 MT                                                      | CUSIP: 34074HGZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $994595.57    | 0.06%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2027                                                 | CUSIP: 88256PAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $652255.93    | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLUMBIA AL INDL DEV BRD PCR                                                              | COLUMBIA AL IDB PLLTN CTL REV (AL PWR CO PJ) ***AMT***                      | CUSIP: 197210AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9600000.00   | 0.58%             | 2028-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                          | MASSACHUSETT MA 5% 7/1/2025                                                 | CUSIP: 57584XMF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $730000.00    | 0.04%             | 2025-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2027                                                | CUSIP: 02765URN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $5086866.25   | 0.31%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2025                                                | CUSIP: 56035DDS8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801366.24    | 0.05%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 3/1/2028                                                  | CUSIP: 13013JED4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    460000 | PA      | $479858.11    | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2026                                                    | CUSIP: 645021CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $454865.61    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAN FRANCISCO CA CITY and CNTY MF HSG 2022-MIZ9115 MZ/MZ D35                | CUSIP: 60700HPG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25415000 | PA      | $25415000.00  | 1.53%             | 2052-12-01      | Variable      | 0.02%                 | Yes           |                  2 | On Loan: No      |
| LONG BEACH N Y                                                                            | LONG BEACH CITY NY 24B 9/26/25 BAN                                          | CUSIP: 542519FZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7807211.10   | 0.47%             | 2025-09-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA MFH LITTLE TOKYO TWRS 2025-CF7013 CI/CI D7                               | CUSIP: 88035MDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4197300 | PA      | $4197300.00   | 0.25%             | 2052-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRPORT                                                                            | AK AIRPORT 5% 10/1/2025 @                                                   | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1079602.83   | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                         | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12550000 | PA      | $12773095.08  | 0.77%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2026                                                | CUSIP: 64579XEB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $333268.75    | 0.02%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NC MED CTR NOVANT HEALTH 2022-XF1352-BNY Q=JPMC BK D7                       | CUSIP: 88035A8J3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.14%             | 2052-11-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2027                                                          | CUSIP: 64966SKD7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5015000 | PA      | $5258957.68   | 0.32%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                              | NE TX ISD 3.75% 8/1/2049 MT                                                 | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1972193.15   | 0.12%             | 2049-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.625% MT                                                     | CUSIP: 160853VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2871375.29   | 0.17%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2026                                                           | CUSIP: 452153DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3896308.57   | 0.23%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY GAS DIST 2023-XM1110-ALL G=RC Q=RC D7                  | CUSIP: 88035FC24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.22%             | 2053-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.65% 12/1/2027 @                                               | CUSIP: 677525XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4035396.91   | 0.24%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | IL PLYMOUTH PLACE BC25-002 BC/BC D35                                        | CUSIP: 76252PG45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6500000.00   | 0.39%             | 2056-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2025 Q                                               | CUSIP: 97712JFJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $587431.03    | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU 3.75% MT                                                    | CUSIP: 59447TWZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3609521.64   | 0.22%             | 2049-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV                                           | PHX IDA SW 4.25% 12/01/2035 MT@                                             | CUSIP: 71884RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6301165.50   | 0.38%             | 2035-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                            | COCONINO AZ PC 4.125% 9/1/2032 @                                            | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1460177.10   | 0.09%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2025                                                     | CUSIP: 2837346Z9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1754059.83   | 0.11%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | PASCO CNTY FL IMPT CIGARETTE TAX 2025-XM1213-MST I=AG Q=JP D7               | CUSIP: 88035MJC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5065000 | PA      | $5065000.00   | 0.30%             | 2054-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer